Post
Topic
Board Speculation
Re: Bye Bitcoin!
by
NO_SLAVE
on 05/07/2011, 16:50:54 UTC
Seeing as so far I'm 100% correct, here's another lovely prediction from yours truely.

~1 month after we hit the $10 mark, the big mining ops are going to scale back, sell hardware, recoup costs. If they already paid off their hardware or are in the green then they are still going to be happy bunnies making a profit.

As they leave and the difficulty lowers, it will be more attractive to mine again. I say attractive, but I don't mean that as in to make a profit, I mean that you will be able to get a lot of coins again, they just wont be worth much.

I give it 6 months till something that's copied the Bitcoin concept and improved upon it comes along. Almost everybody left will jump ship to that. The marketplace forum will flood with people wanting to buy the new currency for BTC. The whole process then starts again with the new currency, though hopefully the improvements will make it more of a success story.


Lardy, Imagination helps see the future. Glad yours is intact.  There are two types of people, those that can see what doesnt exist,  then those that can only see what is, nothing outside of that.  90% are of the second type. Herein lies the failure of humanity, but also the benefit for the other 10%.