The rektening

I was making fun of OP. He seems to think that miners will be surprised by difficulty adjustment and panic dump.

it the the moment hodl sets in with the miners

after weak hands are shaken out it reverses

>he thinks miners don't control this trash volume market
Newsflash, retard. It's beneficial for them to mine at lower price, because the difficulty is lower as well. They can sell proceedings when the price rises.

>So you think they predict the future?
They certainly know a lot more about industry-wide hashrate, ASIC miner supply and difficulty adjustment algorithms and can predict future difficulty more accurately than you.

>See - cost of producing does not equal value.
Equilibrium price has nothing to do with 'value' you absolute brainlet. Holy shit this board is terrible.

Coretards 101: Literally every scenario possible = good for Bitcoin
The absolute state of Bitcoiners

>econ 101 is too hawd so uhbhbmm take t-that ccoretawds

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>Who said anything about value? We are discussing equilibrium price.

An equilibrium price cannot hold, if the amount of buyers is not enough to buy the amount of new BTC comming into the market.
The higher the price, the less buyers are interested.
The less buyers, the more they are forced to lower the price.
If the price goes below b/e, they are not profitable.

If they then stop mining to lower the diff, they have to fear others with lower electricity costs expand their operations, basically taking their place (centralization *wink wink*).
If they continue mining, they run in the risk of paying more than they get.
If they continue to sell, they put pressure on the price.
If they hold, they cannot pay their obligations.

THIS is basic economics, not the bullshit you pull out of your ass.

Is this a subtle shill for Bcash?

Less difficulty -> Less Bitcoin produced -> Supply curve shifts left -> Higher eq. price

This isn't hard mate.

Higher difficulty*