Quote from: BTCfan1 on June 22, 2014, 08:10:57 AM

Quote from: bananaControl on June 22, 2014, 08:08:08 AM

Quote from: zimmah on June 21, 2014, 11:08:10 PM

What would be the reason for bitcoin to plunge into the abyss? It survived Silk Road and gox, surely it won't collapse for no reason.

The point is that the price will soon have to go up in order for mining to be profitable, if mining ends up being a bad business for a relatively long period of time it could trigger a snowball effect on the price.

when the block reward halves, won't that essentially FORCE the price up?

It SHOULD but it isn't a rule at all...btw when is the next halving?