Post
Topic
Board Mining speculation
Re: I'm a little surprised the Network Hash Rate isn't Lower
by
wavelengthsf
on 09/02/2018, 16:06:21 UTC
Cash flow is extremely important for everyone i.e. little guys and also big guys. Does anyone remember this?
...
 Most business plans are written with bitcoin priced at $10K or higher. The weak miners will go belly up first if BTC continues to be under $10K. Because they are selling BTC to keep afloat; hence, the BTC price will be depressed for the coming months.

Why would you write a business plan at $10k BTC, when that was just a pipe dream until 3 months ago?

I'd say a business that doesn't have a firm grasp of the reality of the market they're in is destined to fail.