Quote from: South Park on September 20, 2018, 09:36:12 PM

Quote from: Impulseboy on September 06, 2018, 02:20:52 PM

I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?

The ones that will be more affected if the price of bitcoin keeps going down are those that need to sell their bitcoin for such a low price, so as you say miners and businesses are going to be deeply affected, also people that go through some kind of emergency and they have to sell their coins because they need the money will be affected as well, however there are ways to protect yourself, for example if the miners were smart they should have sold a lot of their bitcoin when it was very expensive that way they will have a lot of funds to keep their operations going without any problem.

People continue to invest as well when it drops since everyone wants to earn a huge amount of profit and that is the reason they only hold their coins.