Quote from: Gestiside on September 12, 2016, 06:06:24 PM

Quote from: danherbias07 on September 12, 2016, 03:33:01 PM

Quote from: asriloni on September 12, 2016, 10:21:46 AM

Quote from: Aamir1 on September 11, 2016, 05:33:32 PM

Quote from: 20kevin20 on September 11, 2016, 03:00:05 PM

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

No matter if the price drops $20 or $30 in one hour but if you have patience and belief on bitcoin then you wont panic because you know it would recover that again in no time.

he's talking if the price suddenly down to $20,if you don't panic then maybe there's something wrong with your or you just don't need money anymore,this big price falling will matter so much especially if someone just need money in urgent but their money still not yet exchanged into local fiat

Just thinking about it is stressful enough. Look, miners need to pay something specially the electricity. If bitcoin mining cant provide me that, then there will be a lot of white flags that will come out. It will get exhausting again to start at a lower price.

I think most smaller miners are not mining the bitcoin any more. They are mining the altcoin at the moment.

definitely right,mining bitcoin is not profitable anymore for small miners so they will prefer mining a new coin that having low difficulties so they will get a good result and fortunately if the price were expensive,they will get instant profit