Post
Topic
Board Economics
Re: Is it the end of BTC???
by
John999
on 20/11/2013, 15:53:58 UTC
after been at 900 usd, now is down to 500, is it the end of BTC? I think it could.

What do you think??

No, even BTC 1 = USD 10 is perfectly fine for Bitcoin to work as a currency.

Not true. Everyone would stop mining. Electricity costs and costs of hardware would become prohibitive.

There must be a minimum price per bitcoin for the miners to make a profit, otherwise they wouldn't do it.


If everyone stops mining, difficulty drops and it becomes profitable again.