The future of BTC... is there one? - page 3.

SOAD

sr. member

Activity: 324

Merit: 250

Quote from: homeless hacker on January 29, 2015, 02:31:03 PM

Bitcoin will be around for years to come. This is inevitable. Far too much money is invested for it to suddenly collapse. Many fail to understand who the key holders are of the top 100 addresses or so. Time will release all of the info we so very much crave.

It's not inevitable. Read his post. It's not sustainable if the value drops and stays below what is profitable to the miners. If they're losing money mining why would they bother? They'd be forced to stop and without miners mining that would be the end of btc.

homeless hacker

member

Activity: 67

Merit: 10

Bitcoin will be around for years to come. This is inevitable. Far too much money is invested for it to suddenly collapse. Many fail to understand who the key holders are of the top 100 addresses or so. Time will release all of the info we so very much crave.

barabbas

legendary

Activity: 1162

Merit: 1000

Considering that, according to CEX-IO CEO Jeff Smith, "...$320 (per BTC) would be the price point at which most miners will get out of the red..."), and since we are presently at 26% BELOW that mark, one has to reasonable ask: What is the future of BTC AND, Is there one at all?

Due to the recent dip in price (to mid $160's), mainly, many companies have gone belly up... including CEX.IO. Batterfly Labs, HashFast, Cointerra... More will no doubt follow if there's not a sustained rebound. The rebound supposedly motivated by the $75 million dollars cash infusion by venture capitalists to Coinbase, along with their proclaimed regulation in 24 US states, was very sharp (to $310) but extremely brief, so price is back down perhaps on way to test those recent lows or even go lower. So, considering this sustained reality, what is the future of BTC and Is there any at all? Everyone concurs that the blockchain tech will be here to stay... but who would sustain it if miners have to look for a different, less costly hobby? No miners, no blockchain, right?

Meanwhile the other alt coins suffer a debacle in price often of higher proportions than BTC, so, obviously, markets are telling us that the whole shebang is held strictly by BTC.

Opinions?

Topic: The future of BTC... is there one? - page 3. (Read 2467 times)