>miners won't allow bitcoin to go below 6000
Miners won't allow bitcoin to go below 6000
Matthew Diaz
Other urls found in this thread:
i.imgur.com
en.wikipedia.org
twitter.com
Caleb Thomas
wtf am i looking at
Ryder Mitchell
log chart you fuck
William Hernandez
your mom's weight
Ayden Long
>hmmmmm
Oliver Gutierrez
kek
Levi Russell
#REKT
Isaac Collins
100k end of 2019
Parker Sanchez
>that 30 year old boomer who redraws his meme-lines literally every week because the last ones failed
Evan Stewart
>log
why
Levi Scott
Literally this, TA faggots have no more than 80 IQ per head.
Grayson Brooks
>why use logs for what it's intended for
John Sanders
>that biztard that does not recognize that this memeline is pretty much unchanged over the entire crypto lifespan.
Go get 'm tiger!
Josiah Long
k
Parker Anderson
Is this how TA fags waste their time?
Brayden Myers
>are you mentally challenged?
If you take the line across every cycle (boom & crash) its pretty much consistent.
The amount of incredible mongs on this board, fuck sakes.
Ian Wood
Brody Young
>he believes TA
Adrian Smith
Noah Anderson
Yeah, the line you redrew for this week. that's the point
what does log have to do with TA retard?
Aiden Robinson
Kek. How does it feel to be in the left tail of the bell?
Brody Evans
all you did was draw parallel lines across the tops and bottoms, that's exactly what each of my colored lines do as well.
There's literally no point in history except week 28 in 2018 where your """""""method"""""" would be correct
Logan Long
You mean the Gaussian IQ distribution? Quite comfy as im at 138 iq you mong.
Furthermore, since this cycle has unironically repeated itself 3 times already, and provided great gains, im bound for another round. You fucking fags just need to look at the long timescale of things. Once this shit gets some adoption besides simply being 'muh store of value' its gonna do another boom, but it will take time. (years probably).
Liam Rivera
I want to believe.
But you are right, crypto volatility means that basing your TA on 10 years old data is meaningless.
Can someone draws three chunk of lines, one per pump and crash please?
I'm on the phone and can't do it myself
Josiah Green
>Oh look its another episode of Jow Forums cant into business and finance
You use log whenever something goes parabolic even when looking at fundamentals you fucking mong.
Grayson King
its an averaging line, it doesnt even change one % per week. Im not trying to predict exact prices. But in the long stretch it is bound to go up.
TA for small timescales is bs.
Samuel Martinez
Calling it a different name doen't change anything i wrote retard
Thomas Foster
Miners profit even if it goes to 3k you fucking idiot. Only those suckers that mine in 1st world countries will get absolutely fucked meanwhile miners in shit countries where energy is ultra cheap will just buy their yachts several months later...
Xavier Rogers
>being this dumb
Ayden Moore
You sure that number isn't your weight in kilos?
Jose Rivera
Then dont say i draw my lines across the tops and bottoms you dipshit.
The two outer lines are rough channels that are just an extrapolation of 2nd order rising you fuck.
Cameron Adams
#REKT
R
E
K
T
Adam Brown
big miners will allow smaller ones to be squeezed. Chinks who've been mining since 2014 - 2015 ain't losing money for years
Ian Howard
Funny how you fuckwits can't seem to make the lines work for older data without taking the new data into consideration. Funny how when someone points this out you become supremely buttrammed.
Ryder Anderson
>he just realized
Gabriel Foster
>dont say i draw my lines across the tops and bottoms you dipshit.
That's exactly what you did
In paint
Literally 10 minutes ago
And the one you did last month is already wrong because it went lower
Julian Morales
When you start mining doesn't matter dummy.
Josiah Martinez
You have something interesting to say about this?
Carson Bell
>Not understanding 2nd order rise is a straight line on a log chart.
>Not understanding that nothing in this world is perfectly exact so a channel with an amount of tolerance can be made
> Not understanding that this range is no guarantee and that putting it on the maximum and minimum values is only indicative.
All i'm saying its very likely to go up.
Zachary Torres
1. You're obviously so dumb you don't even understand why I'm calling you dumb
2.
>literally being so dumb you can't resize an image for Jow Forums
Samuel Clark
see
Austin Murphy
Because tracking price on a constant percentage change basis is the objectively correct way to chart
And bitcoin is entirely driven by TA - just because your particular TA is shit doesn't invalidate TA as a practice
Christian Gray
Sorry senpai, have a masters degree in engineering fluid dynamics. Sorry you're such a shitstain.
Brandon Green
> I did not draw a line between some peaks
> I drew a parabolic (2nd order rising) line on a log chart, starting from the first peak value.
> That this line coincides with multiple points from the graph is pure coincidence and is only indicative that its not far fetched to assume parabolic rise of the mean.
You fuck.
Connor Taylor
>I did not draw a line between some peaks
see
Adam Jackson
see image.
fucking mong.
Evan Brooks
Drawing more lines in paint does not change anything I said.
Bentley Cook
> giving no arguments
Yep, you stupid.
Blake Morales
>giving no arguments
see bottom repeat your """""""""""""method""""""""""" for this image
James Reyes
kek
Jose Gonzalez
user, why'd you stop at 100,000, shoulda scaled to 1,000,000, make those losses look even smaller.
Colton Harris
What's that you fucking retard? Those lines mean literally nothing at all. Neck yourself.
Charles King
>arbitrarily changes starting point of bottom line
>""""""""averaging"""""""" coef is lower even though the graph is generally steeper
lmao exposed
Isaac Butler
forgot image
Gavin Reed
Yes, the fact that the mining difficulty nearly tripled since the image was created, you absolute moron.
Lincoln Watson
> assuming a quick paint draw up is an exact approximation
> starting points are the same
> not recognising the obvious exponential rise/time
lmao you cuck.
Nathan Reyes
And the beautiful part is, the price would still fall between the lines that were drawn later.
Owen Moore
>miners won't allow bitcoin to go below 6000
Did you shade in green the parts where it's above 6k?
Because assuming that as mining cost for the past is retarded, in the past, less hashrate=cheaper mining
Leo Collins
>a quick paint draw up is
I'm glad you finally admit I was right then >starting points are the same
pic related
Nevermind that you literally don't seem to know what an average is.
Leo Howard
in the future less hashrate=cheaper mining too retard
Jayden Ross
> the green lines on the 2nd image are obviously only to get the right angle for rise/time
> which was deduced from an averaging line on tradingview
> but was drawn here in fucking paint since you asked
The orange lines were the band, you mong.
John Turner
>the green lines on the 2nd image are obviously only to get the right angle for rise/time
So you finally admit that you need to redraw your meme lines for every couple of months, like I said from the start
Nevermind that you literally don't seem to know what an average is.
Parker Young
His graph is red for sub 6k, green for 6k+ obviously.
The 'losses' in the past are no losses since cost relates to difficulty, and difficulty was way lower then. If less people were to mine in the future it would become more profitable again because of dropping difficulty. A block has to be emitted every x time.
Austin Thompson
BTC mining profitability with AntMiner S9 at $0.09/kW (price of electricity in China). AntMiner S7 already incurs 50% loss. Really gets the neurons firing, doesn't it?
Gabriel Rodriguez
>hurr what are difficulty adjustments
Nathan Flores
>less hashrate
I hope you neck yourself in the immediate future.
Bentley Roberts
This assumes miners care about btc, which is wrong.
Gabriel Anderson
see
> I already said that it changes with time. But over this long data row, it cant change more thant 1% over a month lol.
Can we have peace now?
Cameron Bailey
what does that even mean regarding the colored parts of the graph?
Are you implying that people that mined BTC in 2010 were paying 6k mining costs? Because that's the implication of this image which is beyond retarded and it only comes to show how clueless you are about this whole technology
>inb4 "I was just pretending"
Robert Martin
Again, you literally don't seem to know what an average is see middle You can't defend your """""""""""method""""""" if you don't even stick to it
Grayson Nelson
>His graph is red for sub 6k, green for 6k+ obviously.
That's what I'm saying, it's retarded to shade the graph with today's mining costs.
If he somehow managed to estimate avg (or minimum for that matter) mining costs for each year then it would be somewhat relevant
Assuming a flat 6k for the entire period is so stupid it's beyond meaningless to shade the graph that way
Xavier Jenkins
rate my TA
Carson Allen
> insulting while not understanding
You don't seem to understand that the mean from a large dataset (8 years or so) is barely impacted by adding a small dataset ( a month)
YES OF COURSE ABSOLUTELY SPEAKING ITS REDRAWING EVERY FUCKING NANOSECOND YOU MONG, BUT THIS IS ALL JUST GUESSTIMATION.
Jaxson Gutierrez
>Are you implying that people that mined BTC in 2010 were paying 6k mining costs?
exactly the opposite retard
>today's mining costs.
Are dynamic retards, just like in 2012. Raw hashrate isn't even really relevant, but I try to keep it simple for you
Noah Moore
Again does not change anything I said. In the second image your """"""""averaging"""""""" coef is still lower even though the graph is generally steeper
Nathaniel Stewart
I like the symmetry, let me draw a memeline for it
Luke Harris
>Again argueing that quickly drawn memelines are something to base an argument upon when the idea is already explained clearly, plainly in words
Ayden Powell
OH NO, TA never lies, we're all doomed
Austin Young
Because the retards who bought 19,000 dollar bitcoins misuse it to gloss over the fact that bitcoin is completely fucking fucked now otherwise they would kill themselves.
Personally I wish they would just shut the fuck up and kill themselves already though.
Gabriel White
You're beyond hopeless.
Michael Bennett
sperglord confirmed
Jaxson Murphy
>quickly drawn memelines
funny how this was my criticism that you denied just a few posts ago. Now you're using it to defend yourself
>the idea is already explained clearly, plainly in words
and it obviously doesn't work, i already showed that here. with better averaging lines than you.
Ryder Johnson
Hmmmmmmmm
You logscale fags will ignore this blisteringly obvious fact. But trade volumes are FUCKED.
completely tanked down to pre 2013 levels.
Thus if you use non-linear regression which includes post 2013 values you are just deluding yourself into thinking you'll ever get your money back. Everyone knows what BTC is now. Even my grandma knows what BTC is now. And yet trade volumes are waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay down.
Thus a linear regression that includes pre 2013 values is the only honest way to analyze it.
Michael Morales
It costs an Indian miner 3k to make bitcoin.
Grayson Cooper
>mentioning miners without overlaying difficulty or hashrate
never gonna be not dummy
Ian Diaz
> now tries to curb an agrument. Your argument was against my memelines, not against the sloppiness of the drawing. You fucking sperg.
> ignores the fact that averaging memelines only work on large timescales, and one must always at least consider one full boom/crash cycle.
You can see yourself that the lines drawn for the longer scale are changing less and less
The absolute state of Jow Forums
John Rogers
Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmgy9u yfxft uh ffth h ff hf
Ian Wood
Hnnnnnggggggggg
Landon Miller
Yep in 2030 link finally will be 1$
Ayden Evans
Grayson Sanchez
>lines drawn for the longer scale are changing less and less
They are still all wrong retard. Every prediction using your """"""""""method"""""" ever made has been wrong within a couple of months.
This was so obvious that you had to arbitrarily draw a shallower coef on a steeper graph trying to make it fit.
Juan Bell
> Still not simply and plainly understanding that averaging over longer time intervals gives a more reliable overall estimate.
> Still not accepting it was never sold as truth, but simply and approximation.
> Fails to realise nothing in this world is exact except for math.
Your """"""""brain"""""""" never fails to dissapoint me anonkun. You are a simple dummy.
Jace Rogers
>averaging over longer time intervals
I haven't talked about this. Either you lack basic reading skills, or you're desperately trying to talk about something else.
see
Leo Bell
see
The only thing that will fit your delusional little """"""""brain""""""""
Benjamin Powell
finally you admit defeat. If you were smarter it would have happened faster.
Btw check this out en.wikipedia.org
Evan Roberts
> Thinks he's won the argument because he doesnt get a reply with content
> Doesnt provide any decent content himself in the last replies and keeps circlejerking around changing averages and incorrectly drawn pictures (that only differ a few% in angle). Disregarding all theory.
Your """"""""brain"""""""" assumes it won an argument. Im happy for you anonkun.
Joseph Peterson
>keeps circlejerking around changing averages
see incorrectly drawn pictures
I already drew it correctly for you see
Adrian Brown
> keeps linking to his old posts with no content
> still doesnt accept he is wrong in circlejerking
> disregards all theory regarding averaging
> thinks he's so cheeky linking a wiki page
> so desperate to """"""win"""""" he even goes on as far as calling the other defeated prematurely
Apparantly nobody in this world cares about you anonkun, its sad to see you needing so much out of an online argument. I hope you will get happy soon.
Leo Richardson
>no content
other than the fact that:
>Every prediction using your """"""""""method"""""" ever made has been wrong within a couple of months
Noah Morgan
> keeps linking to his same old """"""content""""""
> postulates method is always wrong yet doesn't provide any evidence to back it up
> posts btc price chart without difficulty, yet still relates price to miners
Wew lad, you almost got me there!