Who the fuck is buying BTC at $4000 when it's rapidly losing

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BCH almost 10x hashrate of Aug 1st now..

>>3151373
supply and demand determines price, not hashrate, ok?

>>3151373
> Who the fuck is buying BTC at $4000 when it's rapidly losing hash rate?
Jews trying to keep the cucked chain alive. As long as cucked chain is more valuable to mine (reward + fee reward wise) in terms of fiat, miners wont move.

Why do you think BTC pumped to 4k++ recently?

>>3151790
Supply and demand applies to a market on a working product. If no-one supports bitcoin, what do you think happens to the price.

time to bust out the old gtx 480 rig

fake tether scam is keeping it high, its real value is probably sub-2k

>>3151892
But the miners don't want BTC to die just because of politics, because it would cause a big crypto crash. Do you think miners want a crash? No, business must continue.

>he doesn't understand that BTC difficulty decreases as hash rate decreases

>>3152203
No, you don't understand that it needs 2016 blocks for a difficulty adjustment. What happens if hashrate decreases too fast?

>>3152196
>because of politics

I'm kinda new. what's the politics part of this? I heard people calling BCH a commie coin? is that part of this?

>>3151790
If hashrate diminishes, so does the supply. I know less supply = higher price, but inability to transact = worthless

>>3152220
This is my concern
>>3152227
>people calling BCH a commie coin?
Top kek. Commies would ban crypto outright. Crypto is free market. Also, China = capitalists larping as commies

>>3152220
here the thing, if btc dies all coins die. none are safe.

The miners will be poor overnight. they have been in similar situations before, never have they been stupid enough to risk this.