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and if all mining of btc stops btc becomes frozen in the address it is in. unable to move digital across nations.
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Theoretically possible, but highly unlikely. It's not a global on/off switch. If miners start shutting down, the difficulty will drop, giving more incentive for smaller miners to start mining, thus resuming the 1 block 10 min target. It's a self-regulating closed loop. Can't speed it up, can't slow it down. It's been beating steadily for 15 years now.
I dont see mining activity reducing to zero is ever a threat. I'll go back to mining if really needed its only that others came in with bigger machines that saw off the little people. We can always revert if need be, my elec is often free surplus and around the world at some times of day that is generally true. So many have both the hardware, software, connections all of that has become more capable, available cheaper in the last decade then also free elec; someone will always do the mining even if it was at a small price or profit.
Alot of people started off on SETI unit work as I remember, we got nothing just a snazzy screensaver for our troubles
Lagging around daily EMA 200
Lag or any reaction around a moving average isnt a real move, theres no volume there in particular its just an average. I prefer simple but either way it is just an indicator trying to relay momentum in price over that time period. I forget the reasoning given maybe weighting but simple over exponential is what I was told is best to use plus just more people use simple and its best to be aware of what the crowd is following if nothing else.
58.1k is the closing low for the last 7 weeks (arguably most of 2024), thats the line Im watching. I do not imagine BTC intends to '
go gentle into that good night' & much rage at the dying of the light. No simple transition as we change season.
Descending triangle on the daily bars, which is not important by itself or certain even but bigger then that I think on weekly for almost 6 months this TA chart pattern fits a fair description ongoing and in prospective price action:
https://www.investopedia.com/terms/b/broadeningformation.asp 44 years of active use is massively impressive
