Quote from: skibikipapa69 on July 03, 2018, 07:04:38 AM

This what I have been waiting for. I have been fighting the urge to sell my bitcoins hoping that the price will eventually goes up again. Looks like my hard work and being patient will be rewarded soon. That os why it is important to never gave in to temptations and fear of the price will not go back ip again.

The post did not really link the relationship between people selling bitcoins are in for a big loss and the new bitcoin mining hub. First of all, more miners doesn't mean an increase in price. It increases the computing power needed to do a 51 attack, though, which is good but doesn't really increases the price of bitcoin. I think this thread is about people losing their opportunity to sell at a higher price which we will get in the future. And I am one of the believers that 20k$ wasn't the highest price bitcoin will get. The bubble might have popped but the "bubble" has popped several times. For example the $1200 high back then that we never really recovered from until late last year.

Quote from: Hallmader on July 04, 2018, 04:16:00 AM

Quote from: sann111 on February 03, 2018, 03:12:32 AM

Montana to be a Bitcoin Mining Hub

Check it out!

This is obviously going to be revolutionary.

This would be the second large mining operation to find Montana in as many years. Back in 2016, Project Spokane, LLC launched its site near Missoula. Its already one of the largest energy consumers in the region, housing a 20 megawatt facility, employing at least 25 locals.

How is this post related to your subject line? This is all about a Bitcoin mining hub which is about to be built somewhere in Montana. Will this help the price of Bitcoin recover in any way? Those who are selling are either losing or gaining. We do not know certainly whether they are selling higher or cheaper than their buying price. What is certain is that those who sold their Bitcoins will not anymore make a bigger profit out of it.

I think the point is that people who have sold their bitcoins will be losing the opportunity to sell at prices that are as high as a million. Looking back, the pizza guy who bought a pizza for thousands of bitcoins, that can be us, but just in different numbers. Same regret, just different prices. That's why I don't empty my wallet, even with altcoins, because you never really know.