Post
Topic
Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
mizike29
on 19/10/2011, 21:28:54 UTC
Bitcoins at 2 bux are just not worth it.  Why would you need it or buy it at 2 bux a coin?  TO do what buy something you can get for dollars?  Like one poster above said and I have said before, single digits bitcoins are dead and no use to real economy.  At single digits its a nerdy, cool system that you can play with, collect, buy some things online with it, do some trading maybe, but mining is shot too expensive to mine with electricity and difficulty, and unlike what some people say, you need miners to create bitcoins so you cant ignore the cost of creating a bitcoin in this equation of if bitcoin makes sense or is dead.  We need big businesses to accept bitcoin, more stability and a higher stable price at 10 bux or more for bitcoin to have some real type of future and effect in the world.   Its almost hit 2 bux a bitcoin, that price is a dead price.