Post
Topic
Board Speculation
Re: Miners are alive If BTC reach to $3000 ? And Is it possible ?
by
ralle14
on 03/10/2018, 14:20:08 UTC
In the bear market BTC price not stable and Most of Trading Analysis are predict BTC will reach $3k according to the theory of market cycle. I have more doubt If BTC reaches $3000 Miners are alive Huh
You worry too much about the price and heavily rely on the prediction of other people. Bitcoin haven't reached below $3k this year the lowest was $5800~ then went back to $6000 for months now. I strongly agree with what dothebeats said at the last part of his post. If Bitcoin reaches $3k out of nowhere there will be miners still mining the only ones that will be forced to stop are the ones with lesser hash power.

There's a chance that Bitcoin reaches $3k but I don't expect it to happen in the next couple of months or even next year because the price of Bitcoin keeps on improving as time goes by. Last year might be the last time we see Bitcoin at $3k.

Is it possible to maintain mining forms at the market situation (BTC at $3K) ?
It is possible if they can find other ways to reduce their electricity cost.