Post
Topic
Board Speculation
Re: Price drops when people stop mining?
by
rabbitweasel
on 11/06/2013, 22:31:38 UTC
Mostly I'm guessing from the rather stagnated growth rate in the past week after the ASICs came online. Growth anyways that has been concave down as a result of ASICs in the past few weeks leading to the shift to concave down growth in the past week.

Since TLDR applied to you, I think you missed the point I was making regardless of how true the statement was. That is that people will sell off their bitcoins when they leave the network. Though I'm not sure if the absolute number of miners on the network is decreasing or not. People are leaving as it becomes difficult to mine but new people hear about bitcoins and I don't know which is more influencing on the number of people around. I think it would be cool if someone had info on that subject. Smiley