Y’all a bunch of Shitcoiners

Tue Apr 20, 2021 8:47am EST 5

I leave for a few months and this place turns into iBankShitcoins.

Catching up on a few posts I see the slinging of true garbage with due diligence along the lines of “Some of them even have a working website”.

It’s not hard to bank coin on Shitcoins. I get it. Here is a mock portfolio I put together on March 8th.

+80% since March 8th. pic.twitter.com/AkwoI5wX8U

— Coinspeak (@coinspeak_io) April 16, 2021

I’ve watched the market lose it’s damn mind pumping BTC to over $60k and the BTCBSV ratio touched over 300:1

Incredible. I didn’t see that happening. To say I’ve been salty is an understatement.

Has this changed my investment thesis on BSV? No.

But my timing has been awful. I’m ahead of the market and I lost out on some major opportunities. It all means nothing now.

So here we are, MARKETS IN TURMOIL.

Will we have a 2018 style crash or a deep dip and resume moon lambo time?

I don’t know, but I’ll point to a few things to watch.

BTC fees are $50 and rising.

Bitcoin Average Transaction Fee is at a current level of 50.21, up from 40.56 yesterday and up from 0.627 one year ago. This is a change of 23.78% from yesterday and 7.91K% from one year ago. https://t.co/aqfnvNNp3y

— Coinspeak (@coinspeak_io) April 19, 2021

BTC. Congrats, seriously. pic.twitter.com/rtoeat4IEI

— Coinspeak (@coinspeak_io) April 19, 2021

There is a crisis hitting BTC hashpower as a coal factory in China exploded.

Xinjiang is facing a major power outage due to a coal mine explosion

Bitcoin hashrate drops almost 30% instantly lol

— Dovey “Rug The Fiat” Wan🪐🦖 (@DoveyWan) April 16, 2021

I know it sucks to have to think through a problem but …

Price and hash have been correlated because BTC miners survive on block subsidy and high fees.

What happens when subsidy fades and tx vol remains capped at 1MB? https://t.co/zpKDX5lYUu

— Coinspeak (@coinspeak_io) April 19, 2021