Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 24/05/2020, 19:14:23 UTC
Whats the price miners will give up and BTC dies? I wonder if these greedy people let BTC collapse just to make profit.
I have no idea what you are talking about.

BTW, according to the 2016 "fractal", we might have a 30% draw-down from high before resuming the bull market.
So, I penciled in 7000ish (plus minus $500) as a possibility. If not, excellent as well.


There is a price point where mining does not make any sense/profit because the mining itself is more expensive than the price of the coin.

Have you heard about BTC's difficulty adjustment?

It's a little thing that happens every two weeks, every 2016 blocks.

You might want to look into that... before getting your panties in a bundle regarding nonsense downward spiraling mining theories.