Bitcoin Death Spiral…

50 Comments

1. I got most of my crypto on Kriptomat, since they are EU licensed and have direct fiat pairs only.

2. Thanks Sunny for explaining how the difficulty level works!

3. You idiot

4. I’ll be glad when prices crash down even more so I can build me a nice gaming pc. Hopefully this will clear out the dumb asses that are paying insane amounts for pc parts just to make a quick buck mining crypto.
   And if you want more bitcoins, just wait and you’ll be able to get them under $1,000 easy.

5. Facts undermine delusions…

6. I will buy in Jan.

7. What's in "Day starter" of your favorites?

8. bicoin

9. Get me my BTC!

10. bought another 0.01 of btc just now 🙂

11. Shakiri scored twice  yesterday for LFC and gained more millions.  What about you  sunny ???  You have the same origins  as him don t you?

12. FINALLY! I HAVE BEEN WAITING A LONG TIME…MY AGE 70 (.DEATH SPIRAL)
    ..CANT WAIT TOO MUCH LONGER.

13. Interesting video mate, I listened to the whole thing and the hash rate info was well put and on point ??

14. Buy on rumor, sell of facts.

15. have FIAT ready in exchanges !! next 6- 12 months !! BTC and ALTS it will be a bargain!!! HOLD 5 years

16. Bitcoin is dead for the 8,000th time NOO! Good thing it's a zombie, apparently 🙂

17. Sunny can you give your opinion on the influence of this Hyperledger project and what is does to cryptocurrency?
    Have a look at the article below
    https://blockgeeks.com/guides/hyperledger/

18. Is that game of thrones sound track in the beginning

19. I'll come back in five years. Right now it's a fucking shit bag.

20. MINERS ARE SHUTTING down, They are quiting and selling their mining rigs !
    i'm sorry @Sunny But Bitcoin can't make it this time.
    at sometime BTC will go below (1000$) and (then to 0$ obv) ….

21. I look at this as an accumulation period for the savvy.

22. This will go lower and stay there until it takes everyone's money and patience

23. I could see it rebounding but with the whole market about to enter a recession im not so sure..

24. I love it. I hope the media H8 keeps pouring on for another month at least. I want to have a nice entry point around the 2500 range in Jan, when I get my Xmas bonus. Down with BTC !!! ??️?↘️☠️

25. Your devs in discord just deleted me, for trying do dm you. I never disrespected anyone. So either it was a mistake, or part of your/their filosophy.

26. 4:00 not really correct … they increment a counter in the block and hash again … they do not change order – that would be not beneficial because just changing the nonce makes it possible to calculate a midstate where only a small part of the block needs hashing. after incrementing the counter, they start from midstate again with new counter value and they need a lot of work less this way. changing order would make it necessary to hash the whole block again. but otherwise, nice explained

27. Ponzi

28. Time to buy or die ??‍♂️

29. Hey Fuddy Decree!

30. What happened at around 9pm last night there’s a huge spike in most the top crypto’s like etherium, litecoin, bitcoin, bitcoin cash.

31. Btc already declared dead 250 times in last 9 years.
    It's the time to accumulate more in this bear market.

32. Everyone thinks the mainstream is lying when they keep saying bitcoin will go down due to the history of their statement. True I get it , but they know we know that now and people will fomo in and do the opposite of what they say. But here's the catch . WHEN DO U KNOW WHEN THEY ARE TELLING THE TRUTH, JUST TO GET MORE PEOPLE TO keep CATCHing THE FALLING KNIFE ..?? ?.. in my opinion btc is still falling to at least. $2900 . OR LOWER . BE CAREFUL PEOPLE ??

33. Sunny big fan. Was wondering if you had an email I may communicate with you. I am a YouTuber and would like to share some thoughts. Keeper

34. Less Hashpower makes it less expensive for an attacker to stage a 51% attack and do some double spends. We are still far away from such a scenario to become viable. As far as I've read even the small hash power of the BCH network (which is now even lower due to the split of ABC and SV) is still too high for a decent chance of 51% attack, unless you have unlimited money / computing power and just do screw over a crypto. But if thats your intent, there are other attack vectors far easier to achieve I suppose, including price manipulation and buying/inventing bad news.

35. From what I understand, when less people are mining, the "difficulty" does not actually go down. The amount of work required to process a transaction remains the same. What increases is the reward because less people are mining. However, the overall time to process a transaction will likely increase with fewer miners (which overall is not good).

36. CryptoMurmur posted an article related to this issue recently:
    https://cryptomurmur.com/scrap-heaps-of-bitcoin-miners-reality-or-hyperbole/

37. Death spiral is actually possible, but the price should drop DRAMATICALLY and 70-80% of the hash power to go out.

38. Keep on accumulating

39. The 12 yr old Bitcoin Millionaire Kid said its over as well He said “Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last,” Finman told MarketWatch. “It may have a bull market or two left in it, but long-term, its dead.” That’s a hot take coming from a guy who bought bitcoin in 2011, turning $1,000 into more than $4 million.

40. Hey Sunny, how much weight do you put into the Weekly StochRSI?

41. Guys one thing to remember is what if the big spike never happened and we sit here at 3200-3500. BTC would still be considered a great investment. The powers that be pumped/dumped to discredit it as a store of value.

42. Hahaha the death spiral hasn’t even began, I’ll see you at 1k.

43. When Porsche?

44. Light of the Seven background music FIRE

45. PREPARE FOR 1K

46. I agree – we're not in a death spiral – but I'm also worried we have not "capitulated" yet. More or less everyone is saying they still believe 2019 will be a bull market. I'm not hearing much despondency. Is that a good thing or a bad thing?

47. Toilet

48. You know the party is just getting started ??

49. Will go down further. People need to service debt. With the stock market down, that means loss of jobs, means people need to service their debt with crypto gains. More sellers inbound.

50. Next target is 1.300