Bitcoin broke it's own years long support .. it confirmed the previous support as now being a resistance and fell more
nothing new here same as 2015
"YES BUT THIS TIME .... "
A certain "Fecal-Flinger" and his "Fecal-Kissers" are spreading FUD about hashrate dropping and how this will be the end of it, if you actually look...
Potential bottom 4k-5.5k.
Eventually 1 btc = 300k if fractal repeats.
Would match up perfectly with halving in 2020.
Halving from 2016 had a huge impact on the price.
Maybe this is why hashrate is not dropping?
I remember when it was at 16 Mh total. The primary evidence of ASICs would be a dramatic decrease in output from non-ASIC hardware (due to difficulty rising disproportionately with price).
In the past year difficulty has increased by 13x (source: chainradar.com 1 year chart) and price has increased by 19x (source: coinmarketcap.com 1 year chart) while the block...
1. Still continue a extraordinary rising of HASH Rate... (2.5x the normal activity, who have switched on all this mining power ???)
2. Price is decresing.. slowlly.. effect of the HASH Rate
3. Mining machine is not selled anymore, this means that a normal person can't gain from them, how have one in past take it switched off because the power is too low;...