When the Bitcoin value drops to $ 1. Is anyone else digging anymore? - page 2.

Dondont

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Quote from: typhucoin2 on December 07, 2018, 10:13:57 AM

When the Bitcoin value drops to $ 1. Is anyone else digging anymore?

Many times I wonder if the value of Bitcoin is due to demand?
And if the value of Bitcoin today when I'm writing this article ranges from $ 3300 - $ 3500. But if the current crowd is still selling Bitcoin and its price goes down further, the cost of digging will not offset the selling value. So who else digs for Coin?

most likely they only mine the coin for long-term investment, so they mine and save it for a long period of time, if calculated from now on, demand from bitcoin has started to weaken, due to internal problems and regulations

typhucoin2

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Quote from: rumexx on December 07, 2018, 11:01:51 AM

Nobody will like to venture into any business without any tangible potential of profits. If bitcoin price drop to 1 dollar value then it is useless mining it because you can never make anything out of it. But will such time come? I do not think that there will be a time that bitcoin will worth only but a dollar. There will soon be a correction and the price will reverse and move in the opposite direction.

We all know how much it costs when it is first created. And over time due to user needs its value increases. But if the demand diminishes then the value of Bitcoin will decrease accordingly. So why can not it return to the $ 1 value? What do you think will happen to Bitcoin in the next few years?

rumexx

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Nobody will like to venture into any business without any tangible potential of profits. If bitcoin price drop to 1 dollar value then it is useless mining it because you can never make anything out of it. But will such time come? I do not think that there will be a time that bitcoin will worth only but a dollar. There will soon be a correction and the price will reverse and move in the opposite direction.

blackrabbit1

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Quote from: typhucoin2 on December 07, 2018, 10:13:57 AM

When the Bitcoin value drops to $ 1. Is anyone else digging anymore?

Many times I wonder if the value of Bitcoin is due to demand?
And if the value of Bitcoin today when I'm writing this article ranges from $ 3300 - $ 3500. But if the current crowd is still selling Bitcoin and its price goes down further, the cost of digging will not offset the selling value. So who else digs for Coin?

Well, if you expect the price will grow in the future, then it's still worth mining
Just as some miners think the price will grow in the future, so they mine the coins before it hit the market
I think it will be more like an investment with higher risk

eminemcookie

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Quote from: typhucoin2 on December 07, 2018, 10:13:57 AM

When the Bitcoin value drops to $ 1. Is anyone else digging anymore?

Many times I wonder if the value of Bitcoin is due to demand?
And if the value of Bitcoin today when I'm writing this article ranges from $ 3300 - $ 3500. But if the current crowd is still selling Bitcoin and its price goes down further, the cost of digging will not offset the selling value. So who else digs for Coin?

If by digging you mean mining then yes. Mining difficulty scales so other than for short periods of time, the cost of mining should always be less than the cost of bitcoin. For that reason even at $1 people will be mining. Same answer for your second question.

If price drops below lowest mining cost, people stop mining, mining difficulty lowers, mining cost lowers, people start mining again.

tspmhack5

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I think this is a pretty interesting question.
As You know when Bitcoin was born, it have low value. But then the value of it increased. However, there are times when there are many drops.
Previously, when a dedicated coin digger was born, enthusiasts used their personal computers to dig a bitcoin. And when the excavator was born as well as the difficulty of digging up the coin, it seems that digging with a personal computer is not available.
However, with your question, I believe that when Bitcoin's value goes down, there are people who love it in some way or another will still find ways to exploit it.

typhucoin2

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Activity: 448

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When the Bitcoin value drops to $ 1. Is anyone else digging anymore?

Many times I wonder if the value of Bitcoin is due to demand?
And if the value of Bitcoin today when I'm writing this article ranges from $ 3300 - $ 3500. But if the current crowd is still selling Bitcoin and its price goes down further, the cost of digging will not offset the selling value. So who else digs for Coin?

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