Topic: Price drop : bitcoinners happy ? - page 6. (Read 8993 times)
Well I am not happy with the drop. But then again who knows what Bitcoin will do in 5-10 years.
As a miner, I don't like the price drop at all. I feel it will drop to $250 over night. If that is the case it will no longer be feasible for me to mine. I will have to switch off my miners and see how things flow out. I don't mind if the current BTC I have will drop to something worthless but I will not lose money running miners for nothing.
There is no reason to be happy. This will turn off a lot of miners. If we lose a big portion of the hashing power, how much power will there be before transactions take too long to process. New people will not be getting in either since the risk of being scammed is quite high and the returns are low. There are FAR too many people using online wallets, keeping their BTC online.
There is no reason to be happy. This will turn off a lot of miners. If we lose a big portion of the hashing power, how much power will there be before transactions take too long to process. New people will not be getting in either since the risk of being scammed is quite high and the returns are low. There are FAR too many people using online wallets, keeping their BTC online.
Bingo. The above poster that mentioned his miner friend was "happy" -- that's an anomaly. Maybe that person is planning to buy coins cheap at a scale larger than his mining operation. Because otherwise, miners have nothing to be happy about.
As a miner, I don't like the price drop at all. I feel it will drop to $250 over night. If that is the case it will no longer be feasible for me to mine. I will have to switch off my miners and see how things flow out. I don't mind if the current BTC I have will drop to something worthless but I will not lose money running miners for nothing.
There is no reason to be happy. This will turn off a lot of miners. If we lose a big portion of the hashing power, how much power will there be before transactions take too long to process. New people will not be getting in either since the risk of being scammed is quite high and the returns are low. There are FAR too many people using online wallets, keeping their BTC online.
There is no reason to be happy. This will turn off a lot of miners. If we lose a big portion of the hashing power, how much power will there be before transactions take too long to process. New people will not be getting in either since the risk of being scammed is quite high and the returns are low. There are FAR too many people using online wallets, keeping their BTC online.
maybe he plans on buying at these low levels and also hoping difficulty will drop.
I'm happy for the drop in Bitcoin to USD price.
There is high probability of that the newcomers are scared out of bitcoin. But exceptionally for the faithful bitcoiners, they will be happy to accumulate thier bitcoin stash. - Lower price means lower barrier to entry for new users
- Lower price potentially allows others to get in at low prices (IF that to-the-moon talk becomes a reality)
I'm happy for the drop in Bitcoin to USD price.
- Lower price means lower barrier to entry for new users
- Lower price potentially allows others to get in at low prices (IF that to-the-moon talk becomes a reality)
- Lower price puts to shame all the people who declared with absolute certainty that the price would just continue to grow and grow in 2014, without any sort of basis of fact for them to make that call
Hello all ,
Why people are happy about the prices drop
I ask a miner he said that he is happy too why ? his profile will drop also
Why people are happy about the prices drop
I ask a miner he said that he is happy too why ? his profile will drop also
He must be high....Mining is like a business, if your expense is greater than your income you will go out the business, well in this case the mining.
Hello all ,
Why people are happy about the prices drop
I ask a miner he said that he is happy too why ? his profile will drop also
Why people are happy about the prices drop
I ask a miner he said that he is happy too why ? his profile will drop also
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