With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?
I don't think the miners will stop digging for bitcoin. Now the price of bitcoin is much higher than the cost of digging up bitcoin, and when profits are down, they will not stop, they will choose to continue.