Topic: Dont fud dont run And sell (Read 120 times)
panic sellers are the major lossers and these big whales target these panic seller now and then to sell their coins
Ok Here is My question, Hypothetically BTC may very well go down to 5k, If it does go down to 5k, wtf will happen if all the Miners are going to pull out?? not even all but very large group of them...WTF will happen then? at 5k for BTC miners will be making 4$ a day, it would take 2.5 years to pay back the miners. what would happen to the BTC chain if no one is mining it?? Even at 7k a btc, your making 6$ a day and thats with cheap electric ..... what Miners will do that?? I mean its something that I never thought of, want to hear your thoughts on it.
My thoughts are, if some other miners pull out, that is a good indication for other miners to solo mine it and in fact has a high chance of acquiring more Bitcoins for themselves.
They can only continue and have no effect. People also need to trade, they need miners, and when the price goes down, people trade more often, and then miners get more bitcoin, so their relative payoff Will be the same.
Nothing changes.
Very few are still mining gold these days.
Very few are still mining gold these days.
Ok Here is My question, Hypothetically BTC may very well go down to 5k, If it does go down to 5k, wtf will happen if all the Miners are going to pull out?? not even all but very large group of them...WTF will happen then? at 5k for BTC miners will be making 4$ a day, it would take 2.5 years to pay back the miners. what would happen to the BTC chain if no one is mining it?? Even at 7k a btc, your making 6$ a day and thats with cheap electric ..... what Miners will do that?? I mean its something that I never thought of, want to hear your thoughts on it.
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