Post
Topic
Board Economics
Re: there is always money moving
by
raskul
on 04/01/2015, 11:57:31 UTC
Some money's moving but it's only normal, the real worry is that the supply may be growing too fast. 4,000 BTC are added each day, that's a lot!

Yes, that is the problem. And the supply is ALWAYS growing, even at times when there's no real demand.

But if the price reaches around 250, then that won't be a big problem, as the miners would not be profitable, and some of them will chose to shutdown their operation, until bitcoin price comes back up.

I believe they'll keep on mining. Electricity bills aren't so high. If BTC's price drops to $100, that'll be a real problem, but $250 is fine.

i won't stop mining, price may well get very very low but the way i see it... there is more potential adopters out there and all it would take is a big pile of money to take that price up again... all the talk about the mtgox false high isn't a concern for me as long as the potential is still there, which it is.