Post
Topic
Board Speculation
Re: Reason Why BTC will Dump to 2.5K$
by
eaLiTy
on 18/11/2018, 07:38:27 UTC
If Mining BTC Even with free electricity cannot pay the mining equipment in a year, that will be the doomsday of BTC, 2000$-2500$ is the limit.
Hope you are aware that corporates have taken control of the mining industry and they have their reserves to fund for a few years as they have made a lot of profit and so is the reason they are still continuing to function, there was a time when the market was below $1k and they did not stop these process at that time and you really think that they will dump everything now, i really do not have a problem with some mining corporates closing down because of the competition and these competition arises simply because of the profit they see and that does not mean that the price will go down, the price of bitcoin depends upon more people investing in this market rather than what the mining industry does.