Quote from: stompix on Today at 10:38:05 AM

Quote from: Hispo on December 09, 2024, 04:38:24 PM

Quote from: stompix on December 09, 2024, 04:38:54 AM

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In theory!
In practice, it never actually happened, and it's pretty hard for it to happen this way.
First, it's hard for the hashrate to drop because of the advancement in chips efficiency, so 3 miners might quit but one might replace his asics and there you go, same hashrate, then there is the delay between the orders and actual receiving the miners, people order when it's profitable, 3 months pass, you get the gear you have nothing to do but mine!

I think I would add that infrastructure besides advancement in chips efficiency is worth mentioning here as it becomes more attainable every day and you can see the industry growing in Africa. As these panels become cheaper and more abundant, the implementation of those channels to fuel regional energy demands becomes more practical and any excess energy can be pointed at BTC mining. The advancements in technology make it more likely that BTC hash rate will be maintained if not increased.

Quote from: stompix on Today at 10:38:05 AM

Quote from: Hispo on December 09, 2024, 04:38:24 PM

So some traders would feel prompted to exit their positions in exchanges to deter risks of the coins losing value.

Ethereum Classic was successfully 51% attacked more than 4 times, the coin is still alive, so.....traders might not focus on the security aspects of a coin! Wink

Traders maybe not so much, but I think investors do if they are in it for the long haul aiming for increase and preservation of value. I think an attack on BTC would be perceived differently than an attack on ETC.

Quote from: stompix on Today at 10:38:05 AM

Quote from: Sandra_hakeem on December 09, 2024, 04:57:35 PM

Quote from: stompix on December 09, 2024, 04:38:54 AM

Trading cryptos is gambling, it's just the ego of traders that denies it.

Could you atleast make some specificities to this, Stompix?

Simple example:
https://www.bbc.com/news/technology-58707641
When a hamster manages to make money from trading crypto, one can't keep saying it's about knowledge and not luck!

This is a funny piece of info! It's like what was going on in 2017 when everyone thought they are an amazing trader because every single altcoin went up a few thousand percent.