Quote from: techgeek on April 02, 2016, 11:33:01 PM

Quote from: Bit_Happy on April 02, 2016, 02:18:54 PM

Quote from: LiteCoinGuy on December 26, 2015, 11:25:17 AM

Quote from: helloeverybody on December 26, 2015, 10:19:31 AM

If the price doesnt rise then the miners stop mining because of lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off. Whats to stop this from happening? Maybe we are getting to prices that cant be maintained with the current user base. I wasnt here at the last halfing and the price will need to be much higher so im not too sure what will happen.

dont worry about that. mining will always be profitable for some people on earth. some miners can even mine when the price is at 50-100USD because they dont pay for electricity at all.

Exactly, many people were thrilled to be mining when Bitcoins were $2 to $5. Bicoin isn't "dying off" especially if you consider where we used to be.

can you imagine their faces now at current value.

I`d be similar to experience with the $1k feeling, and then imagine if we actually do hit $1k in 2016. That would be a mind blown situation all over again before the 1st $100 price was a huge thing back then.

I doubt that we will hit 1k again,that price back was really huge news to bitcoin user but then a scam has happened and the price drops rapidly.