Bitcoin Thread - 2018

Mr.Ree

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Jun 13, 2016
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386
I heard someone saying it’ll hit $6900 - $7400 today in the afternoon and that’s bottom..
 

saturnz

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How low can it go?

as low as it can go to process bitcoin related activity, so basically the cost of electricity, servers, real estate, labour and whatever else is required to keep these things going

once those costs can't be recovered, its not viable to process bitcoin and it would then shutdown
 

Temujin

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Apr 18, 2015
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as low as it can go to process bitcoin related activity, so basically the cost of electricity, servers, real estate, labour and whatever else is required to keep these things going

once those costs can't be recovered, its not viable to process bitcoin and it would then shutdown

Not at all, diff just adjusts, if there is one person on the planet mining it'll be back to 1 core cpu mining;)
 

Temujin

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[video=youtube;XbZ8zDpX2Mg]https://www.youtube.com/watch?v=XbZ8zDpX2Mg[/video]
:D
 

Countcrypto

Senior Member
Joined
Jan 20, 2018
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543
I heard someone saying it’ll hit $6900 - $7400 today in the afternoon and that’s bottom..

Holding pretty steady over 8. If it keeps these levels until the yanks wake up it should go over 10 today imo.
 

saturnz

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May 3, 2005
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The shutdown, it'd get so low and cheap and easy you could mine it powered by some wires plugged into a potato

mining is not the only thing required to process bitcoin activity, whats the point of mining if nobody uses it for transactionary purposes?
 

Temujin

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Apr 18, 2015
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mining is not the only thing required to process bitcoin activity, whats the point of mining if nobody uses it for transactionary purposes?

/shrug The thousand or so ****coins do just fine:D
 

jman

Expert Member
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May 9, 2014
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2,503
Speculation that it'll come back in a big way
 
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