Post
Topic
Board Speculation
Re: What to expect from Bitcoin after the last BTC gets mined?
by
KingZee
on 28/11/2018, 14:14:19 UTC

I actually half thought that miners, or at least the huge firms we've come to know and hate (heh), would already have taken steps to move in temporarily as market makers in the current pricing, but instead they've chosen to shut down operations and hold out, while others have chosen to mine at a loss. There's some consequence of this I'll feel, as supply on markets thin (miners holding out), then the natural pressure from demand should kick in a little.

It's only logical honestly. As a miner, if you decide to turn them off, I figure the next step is one of two things : You're going to cash out in fear of further losses, or you're going to hodl waiting for the profit to go back up and mine again to get your ROI in whatever time you calculated when the price was high. Miners are the last people to rely on to pump the price, because price pumps only happen when massive fiat money enters the market, which leads to FOMO and massive pumps.

Bear in mind

 Cheesy