You'll see when we drop to $200 again! I think some people endured heavy losses back then, they bought @$1200 and price crashed to $200 in a week.
Now is entirely a different story, now we have a great infrastructure in place, now we have billion dollar mining industry, now we have many big investors with billions of dollars invested on services and market or just simply accumulators.
Now we have some people in control somehow, they are the ones stand great loss if anything bad happens to the network, so they will make sure everything runs smooth and stays stable because it's their money and interest.
We're well passed that line of crashing big and hard, unless miners start to kill their machines which is a good thing in fact as it will open some doors for us small miners to earn and mine more coins. I don't see any other way for this system to crash do you?
I think that system wouldn't crash if major miners would stop mining, it would even make system better. Everyone could mine with their computers and earn a bit. So more people would accept it.Now is entirely a different story, now we have a great infrastructure in place, now we have billion dollar mining industry, now we have many big investors with billions of dollars invested on services and market or just simply accumulators.
Now we have some people in control somehow, they are the ones stand great loss if anything bad happens to the network, so they will make sure everything runs smooth and stays stable because it's their money and interest.
We're well passed that line of crashing big and hard, unless miners start to kill their machines which is a good thing in fact as it will open some doors for us small miners to earn and mine more coins. I don't see any other way for this system to crash do you?
i agree. if there were more equal mining capablities it would lead to other less financially able people to earn more btc through mining, and once that happened it would attract alot more newbies to btc because the few newbies that are looking into btc already wouldn't have to go back and tell other potential newbies that btc mining is no longer profitable for average joe. btc will attract a lot more potential newbie users if the average joe starts learning that he doesn't have to have $1m worth of mining equipment to make a profit from it, however its not just the major miners sole fault for btc not currently being profitable to average joe. it also has to do with the price of the equipment that needs to be used in order to gain profits from mining and not just waste all they're money on electricity and equipment costs.
.... I always tell people NOT to invest more than what they can afford to
