Post
Topic
Board Speculation (Altcoins)
Re: New Bitcoin pump before 3K
by
stiucsib86
on 12/10/2018, 00:08:14 UTC
Highly unlikely. I think the most it will drop to is at $5,500 point. Because beyond that, everyone will start to grab, and the price will be too low for miners to operate and be profitable. So if it dipped below $5,000, even the miners will start to grab the coins.

So naturally, the price will be kept above $5,000 because if its below that, even the miners will not be selling the coins, hence reduce the supply in market and exchanges. And with limited supply, the price will be pushed back up.

Also, there are many reasons for the BTC community will want to ensure that miners can keep their operation running and help secure the network. If miners start to go out of operation and the hashing power start to consolidate. This will be dangerous for the BTC ecosystem, i.e. the chances of 51% attack will be high, and nobody will want that.