create account

Knowledge Is Not Power, Execution Is... by autofreak

View this thread on: hive.blogpeakd.comecency.com
· @autofreak ·
$0.79
Knowledge Is Not Power, Execution Is...
I basically participated because the contest allowed me to express my cryptocurrrency analytical skills🥰. The prize was just a compliment.


![20200518_063323_0000.png](https://images.hive.blog/DQmSmPJcigKWtt4HECbVG4YpW4ehEaRt6baR5UDQSseEgs9/20200518_063323_0000.png)


It is a daily contest where we discuss future price analysis of bitcoin as a result of halving.


My opinion was that bitcoin will not rise to $22,000 because of this halving. History is not necessarily an indication of what's going to happen in the future. It can make fast move on us.

I went ahead to let people know various ways that mining can still be profitable for miners. They will either cut cost on energy consumption and hardwares, or run at loss and become persistent.

Those who are persistent will gain later because some miners may be put out of business. If that's the case, the mining difficulty will be reduced, hence enough bitcoin will go round. Even with the current price, they will still be in profit.


Another option is to manipulate the price, but this is almost impossible, because only a few miners can stand as market makers.

This is the summary of the analysis that enabled me to win the [JILT Token contest.](https://t.me/JILINT)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 71 others
properties (23)
authorautofreak
permlinkknowledge-is-not-power-execution-is
categoryhive-173493
json_metadata{"tags":["cryptocurrrency","blockchain","contest","jilt","knowledge","trading","bitcoin"],"image":["https://images.hive.blog/DQmSmPJcigKWtt4HECbVG4YpW4ehEaRt6baR5UDQSseEgs9/20200518_063323_0000.png"],"links":["https://t.me/JILINT"],"app":"hiveblog/0.1","format":"markdown"}
created2020-05-18 06:30:00
last_update2020-05-18 06:30:00
depth0
children0
last_payout2020-05-25 06:30:00
cashout_time1969-12-31 23:59:59
total_payout_value0.406 HBD
curator_payout_value0.387 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,232
author_reputation14,084,098,064,393
root_title"Knowledge Is Not Power, Execution Is..."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id97,440,203
net_rshares2,205,918,089,799
author_curate_reward""
vote details (135)