Reward-Drop ETA date: 11 Jul 2016 18:24:27
The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 25 to 12.5 coins. Approximate Price of BTC => ~$450
We know that the BTC miners all have bills from ASICS & Electricity & Personal & Housing.
Their BTC income will be cut in Halve, which means their Fiat income from selling BTC will also be Halved.
So for them to
break even with their current profit margin, BTC Price of $450 has to literally Double to
$900 within days of the halving.
Options:
A. Miracle occurs and price exceeds $900 , Miners Happy.
B. No Price increase and China now controls 80% of the BTC mining Pools.
C. BTC Price Collapses to between $250 & $300
D. r0ach sells everything he owns and BTC reaches $500, because he already said he will pump it. But crashes a week later.
E. Smooth decides he bored with BTC and lets everyone know they should have just purchased Monero.
F. TPTB released a 8000 Paged Post explaining what really happened, which becomes a best seller.
G. Kiklo is busy in the
ZEIT forum, when he receives the ShamWow Spokesman of the Year Award.
H. Spoetnik releases a New Super Virus , that turns all Humans into Canadians , which for some reason, Now everyone Agrees with Spoetnik and sets fire to all of the world's currency and ASICS, New world currency is Now Officially Fish.
Agree or Disagree or Feel Free to Add any Options.
Extra Options:
I. (author=Za1n) They keep mining and learn to live with less profit.