stex2009 (OP)
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June 23, 2013, 05:49:02 AM |
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Wonder how miners and mining companies will get effected if this happens. Lot of people are betting on heavy hardware to mine these coins. How will they get effected? Or will buy more if we see BTC at these levels?
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DanzoFriend
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June 23, 2013, 05:50:32 AM |
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I imagine that would depend on the reason for the drop in price
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ChazM
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June 23, 2013, 05:54:29 AM |
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Perhaps what's trying to be addressed is: If BTC tok a massive drop right now, will you be waiting for your fiat to come around at a decent price and cash out or try to work with BTC?
EDIT: I'm afraid I didn't read the post. whoops. So I have follow up q's. Are mining rigs prices at least partially set on prospective BTC mined? well that would be a dilemma.
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mprep
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In a world of peaches, don't ask for apple sauce
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June 23, 2013, 10:01:05 AM |
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Many miners would drop out because of this and choose other alts.
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cryptoswag
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June 23, 2013, 11:32:49 AM |
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I would be effected by the loss of about 75% of my investment, lol. Would alts stay the same (value vs btc) this scenario?
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jackjack
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May Bitcoin be touched by his Noodly Appendage
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June 23, 2013, 11:50:44 AM |
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I would be affected: it would make me buy all the bitcoins I can
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favdesu
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June 23, 2013, 12:18:00 PM |
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I would be affected: it would make me buy all the bitcoins I can
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mprep
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In a world of peaches, don't ask for apple sauce
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June 23, 2013, 12:23:10 PM |
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I would be affected: it would make me buy all the bitcoins I can
Guess you'd be one of the few raising it's value. |
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AliceWonder
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June 23, 2013, 12:50:19 PM |
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Currently I think the price is artificially high.
$25 I think would be too low, I would be selling stuff just to buy.
$60 to $70 is where I suspect it belongs at the present, but I suspect that current prices are below where it will belong in the future.
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Book
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June 23, 2013, 04:53:38 PM |
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Are bitcoins actually going to take a massive fall like this soon?
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Portnoy
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My money; Our Bitcoin.
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June 23, 2013, 04:57:22 PM |
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I would be affected: it would make me buy all the bitcoins I can
Guess you'd be one of the few raising it's value. One of the few? I doubt it will ever get this low again because so many will be buying it up at bargain prices. |
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mprep
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June 23, 2013, 05:06:02 PM |
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I would be affected: it would make me buy all the bitcoins I can
Guess you'd be one of the few raising it's value. One of the few? I doubt it will ever get this low again because so many will be buying it up at bargain prices. Wouldn't people just switch to another alt coin as the price would be so low that miners would see no profitability in mining? It would take a REALLY dedicated community to bring it back from the dead. |
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RedJhon
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June 25, 2013, 10:41:23 AM |
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the diff will drop 10x
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hany103
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June 25, 2013, 12:59:19 PM |
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I have faith that it will recover so I won't panic and keep mining.  |
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theHamburglar
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June 25, 2013, 01:01:29 PM |
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I would stock up on bitcoins at $25/coin. That being said, I agree with some of the other posters that bitcoin will temporarily dip below $100 which for many could be a buying opportunity.
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dancon
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June 25, 2013, 01:25:22 PM |
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if BTC reach $25 , I will buy 100000
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mprep
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In a world of peaches, don't ask for apple sauce
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June 25, 2013, 02:35:51 PM |
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if BTC reach $25 , I will buy 100000
Not sure that the price would rise back up though. |
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pichadpi
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June 25, 2013, 03:40:07 PM |
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Wouldn't people just switch to another alt coin as the price would be so low that miners would see no profitability in mining? It would take a REALLY dedicated community to bring it back from the dead.
It has already come back from the dead before. Some might jump ship to another alt coin, but all that's effectively doing is separating the wheat from the chaff; the weak from the strong; the prospectors from the believers. |
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richlj
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June 25, 2013, 03:46:23 PM |
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I think the chance of Bitcoin going that low are next to non-existent. There are so many people out there prepared to rush in with buying support after all of the spectacular gains that currency has made over the last few years, even if they're just speculating to sell it off in the short-term. If BTC did hit $25, I know I would be hoovering them up, and it wouldn't stay there for long.
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