Post
Topic
Board Speculation
Re: Big pop up again
by
Febo
on 13/08/2018, 14:48:59 UTC
The theory of how that $5k-6k price range is the diamond solid ground in which miners will never let bitcoin go below is shaping up.


There is nothing like a "diamond solid ground in which miners will never let bitcoin go". Miners with more expensive electricity will just stop mining when price goes under $5000.  That will reduce difficulty and the rest miners will get more bitcoin for same hash power invested.