Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
If you wanna give me even moar coinz, go ahead. I'm patient and not over-leveraged. The lower it goes, the more buying power I have.
no, stupid fuck.
your buying power will be the same, you will just buy more coins.
My ability to buy coinz will increase, even if the amount of fiat I have to spend remains constant. I'm pretty sure you'll run out of coinz to sell before I run out of fiat, unless I get fired I suppose.
Yes, cause that's what miners want to do: Destroy the value of Bitcoin.
They know they have a monopoly on mining (cheap electricity and all), no matter how low price goes, they will not be the ones to be squeezed out.
If the quantity of coins they mine every month (in fiat worth, depending on the price of course) is of gigantic quantities compared to the little money left on exchanges to buy them, the only result is dumps.
Some chinese megaminers are just running a business for profit.