Nothing innovative here, it will probably go down to where it should be (price of gold), it will also go down if the price of BTC will raise. The hashrate should only pass 20GH/s if the BTC price goes up..
So basically you should mine and sell as long as it's profitable
BTC's price going down, it will reach 200$ ~ 300$ in few month
Don't hold your breath
The current BTC downfall is a result of Alibaba IPO, and most Chinese people are buying Alibaba stock atm
i feel like it has alot of support around 400, it has been pretty stable for the last few days. and midas coin is independent of bitcoin since it is back by gold. so bitcoin could totally die and we can still be mining midas coin and making profit.
It's not abut Alibaba or 40 thief, it's nature law, Bitcoin need to back at 200-300$.
the lower the bitcoin price drops the more people will be interested in hopping on the roller coaster.
only the bagholders hate that idea.
good, in two years each of those coins will be worth $2.65