SHA 256 miners are about to face the music. BTC wears no clothes. The value of BTC is entirely speculative and not enough people will buy it post-halving. Billions of people are about to be laid-off across the world over the next 2 months. They will apply for unemployment but for many this will not be enough and many more will not have access to cash. You can already hear helicopters in the air as the central banks begin to openly consider UBI of their own volition... helicopter money in America. However, this will not be enough. It is always too little too late and fear will grip many and push out the assets without any fundamental value. There will not be enough greater fools for BTC but there will be many fools left.
However, there is still a lifeboat. BCH is still here and if miners rallied around this lifeboat then we could dump BTC and begin transferring all of that BTC USD liquidity to BCH. The miners can save themselves, their companies and their industry by actually storing value in... BCH. Even better, the first few miners to capitulate and begin dumping BTC for BCH could make sizeable gains while the last BTC miners and hodlers will surely die as the network grinds to a halt post-halving. How many more miners will capitulate?
This highly competitive industry about to become twice as competitive due to halving just as liquidity(cash) is about to evaporate from the market. Sounds alot like a dying industry. A dying $100 Billion industry that has one chance to change the narrative and shift remaining liquidity into BCH. Cash needs to flow into BCH if the miners want to survive.
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source https://www.reddit.com/r/btc/comments/fjflc6/dear_btc_miners_your_emperor_wears_no_clothes/
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