I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?
Bitcoin $2000 by December 2018
Topic: What will actually happen if bitcoin price continue to drop? - page 11. (Read 2594 times)
Bitcoin $2000 by December 2018
judging from the current market movements, bitcoin has experienced a significant decline, but I am still optimistic that the price of bitcoin continues to fall because this is the biggest part of the world crypto is where bitcoin is down, surely bitcoin will rise again and this will happen in 2019
Everyone bought bitcoins at a specific price point and each of these people have set their own "sell" price. The lower the price,
the more people will sell at the new "trigger" price and the lower the price will go. It quickly has a snowball affect, once more
trigger prices have been reached. Some of the less efficient miners will also shutdown their miners and temporarily stop with
all their mining. (You cannot keep mining, if you not making a profit)
the more people will sell at the new "trigger" price and the lower the price will go. It quickly has a snowball affect, once more
trigger prices have been reached. Some of the less efficient miners will also shutdown their miners and temporarily stop with
all their mining. (You cannot keep mining, if you not making a profit)
For me, I think bitcoin's price will not continue to fall. Because in 2019, it will recover again from it's big drop. But if it will happen, then many people will suffer especially the investors and holders of bitcoin. Some will lose money and others may not. But some say bitcoin will not continue to drop. It will rise again or bounce back next year.
It's a mix of everything. Bitcoin's price crashes, some people are going to panic and some people are going to be excited with the low prices. There's no way to know which kind of person is larger in number. As for miners though, bitcoin was designed in a way that it will work regardless of what price it's at(besides zero, though zero is pretty much impossible).
who will be affected more by this: bitcoin miners? Buyers? What do you think guys?
Of course it affects all especially those people who hold at the same time it also affects the buyers decision to buy because there is a lower price because it is a good chance to buy on dip.What I dont really get here is that why those people who dont even have or plan to buy or even mine BTC are the most affected here in forum? post a lot of thread, news, etc. etc. while they dont even have.
I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?
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