I just read on Btcjam blog that they are closing down:
https://blog.btcjam.com/2017/05/25/btcjam-is-closing/, now I am just wondering if big players in thebitcoin industry are closing down, is there any future for bitcoin really.
I came to know about bitcoin through btcjam when i was introduced there to borrow. Eve in this forum, looks most signature campaigns might close down because of the ever rising price of bitcoin. Most of them have reduced their payout amounts for posting by more than 50%. Is this a good sign or a bad sign for the bitcoin development?
You can see that the price of bitcoin has been rising strongly in the past two days and the current level is staying at $ 7400. As far as my technical analysis, the $ 7400 mark is a very important milestone. If it can break through this milestone, the price of bitcoin will rebound to $ 8000, and if unable to pass the bitcoin price will fall to the level of 6000. $ can even be deeper. So where will the future of bitcoin go?
Will investors return to investing in bitcoin?
From my understanding - and someone correct me if I am wrong - Bitcoin pretty much needs to stay above 5-6k for the miners to be able to break even. If it went lower than that, wouldn't be good...