Topic: come back to this post and see if i am wrong - page 2. (Read 1717 times)
I think your right on this... It's unfourtinate, but the guys who have invested in a few hundred video cards in thier massive mining farms are not going to invest any more into it, but return thier value, and collect a small profit on newley found blocks, and pay for electricity... I think it'll drop down there, then stay down until blocks are harder to find, and less are being found, the miners wont be selling as much, and the value of a BTC will go up.
Typical monterey price correction. bitcoin charts tells you all you need to know.
Not many miners will let there coins go for less than it cost them to create.
If they do then why bother at all ?
The price was driven on pure speculation.
ps sorry for my bad english
Not many miners will let there coins go for less than it cost them to create.
If they do then why bother at all ?
The price was driven on pure speculation.
ps sorry for my bad english
What is your basis for this prediction? Just a hunch? I'm not criticizing, just curious.
I believe bitcoins will ladder all the way down to about $4 or roughly the amount electricity used to create 1BTC.
I think this will take only a few days now no more 5
which imo is not a bad thing.
Let the debate begin...
I think this will take only a few days now no more 5
which imo is not a bad thing.
Let the debate begin...
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