Fri May 15 18:35:18 2020
<8f79fcda> from the same bread
<8f79fcda> depends on how much power subsidy the miners are getting
<8f79fcda> if the have no dry powder left, they would have to be selling as soon as they’re earning the rewards
<8f79fcda> “smart” miners would probably drain their dry powder (cash bucks) and ask for credit extensions (30-60-90 day)
<8f79fcda> you aren’t in the mining game unless you know you could make bookoo bucks on a >90-day time horizon
<8f79fcda> some will go bankrupt – the funny thing is – with the difficulty adjustment (2 week intervals) even if a bunch of miners drop off – difficulty would adjust to adapt to the 10 minute block interval
<8f79fcda> soooo
<8f79fcda> OP is FUDoomer
<9e126bf3> I think he’s ultimately shilling BSV over BTC and BCH
<8f79fcda> also, top line supply/demand economics would indicate that with reduced supply after the halvening, and knowing that there’s at least another 20k candle in the making, you aren’t likely to have long-term hodlers willing to dump for less than 20k
<8f79fcda> BSV had their halvening event like 6 weeks ahead of btc
<8f79fcda> bullish for BSV, but they also have a different block-size limit iirc