Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

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.

No, there is no such number because the difficulty adjusts lower dynamically once marginally profitable or unprofitable miners exit.
It does not make sense for some to mine at a certain price point at the current difficulty, but it does not mean that it is true for MOST at any particular difficulty.

Allright, thats new to me.