Topic: Is this The Great Bitcoin Crash? - page 2. (Read 4875 times)
... sigh $50 in electricity wasted for my 5 bitcoins ...
$4 is starting to look likely, MtGox ask has just dipped below $10 already, holy shit!
and tradehill is now below $9.
Kind of, imo.
There's just no one buying any more. BTC are just not worth $10/coin as an anonymous trade tool, so they'll go back to their mean of like $4 or something, all will despair, and it'll get back to business building from scratch. It'll take about a year to shake off the resentment from speculators, which is probably a good thing giving time for the currency to sort out a few more of its issues.
There's just no one buying any more. BTC are just not worth $10/coin as an anonymous trade tool, so they'll go back to their mean of like $4 or something, all will despair, and it'll get back to business building from scratch. It'll take about a year to shake off the resentment from speculators, which is probably a good thing giving time for the currency to sort out a few more of its issues.
$4 is starting to look likely, MtGox ask has just dipped below $10 already, holy shit!
Kind of, imo.
There's just no one buying any more. BTC are just not worth $10/coin as an anonymous trade tool, so they'll go back to their mean of like $4 or something, all will despair, and it'll get back to business building from scratch. It'll take about a year to shake off the resentment from speculators, which is probably a good thing giving time for the currency to sort out a few more of its issues.
There's just no one buying any more. BTC are just not worth $10/coin as an anonymous trade tool, so they'll go back to their mean of like $4 or something, all will despair, and it'll get back to business building from scratch. It'll take about a year to shake off the resentment from speculators, which is probably a good thing giving time for the currency to sort out a few more of its issues.
Is this the great DJI crash? I doubt it
Prices have dropped nearly 10% today, that's pretty big, but is it a crash?
I guess mining is about to become unprofitable so shit should stabilise as all the miners turn off their
pointless rigs?
I guess mining is about to become unprofitable so shit should stabilise as all the miners turn off their
pointless rigs?
Miners turning off their rigs will not slow down the amount of bitcoins being produced. It will just make mining easier for those left in the game. Miner's holding coins instead of selling immediately would push prices up.
Prices have dropped nearly 10% today, that's pretty big, but is it a crash?
I guess mining is about to become unprofitable so shit should stabilise as all the miners turn off their
pointless rigs?
I guess mining is about to become unprofitable so shit should stabilise as all the miners turn off their
pointless rigs?
Jump to: