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Author Topic: Is it the end of BTC???  (Read 13347 times)
donbu7
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November 20, 2013, 03:18:07 PM
 #1

after been at 900 usd, now is down to 500, is it the end of BTC? I think it could.

What do you think??
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MicroGuy
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November 20, 2013, 03:19:51 PM
 #2

after been at 900 usd, now is down to 500, is it the end of BTC? I think it could.

What do you think??

No, it's not the end. It's only the beginning!  Cheesy
Akka
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November 20, 2013, 03:21:05 PM
 #3

after been at 900 usd, now is down to 500, is it the end of BTC? I think it could.

What do you think??

No, even BTC 1 = USD 10 is perfectly fine for Bitcoin to work as a currency.

All previous versions of currency will no longer be supported as of this update
Seccour
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November 20, 2013, 03:21:58 PM
 #4

after been at 900 usd, now is down to 500, is it the end of BTC? I think it could.

What do you think??

It's just a stabilization of the market, such as when the price was within 120$

SlyFoxy12
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November 20, 2013, 03:23:43 PM
 #5

You're crazy to think this, there's only one way bitcoin ends and that's if someone ever finds a 100% way of destroying the network which right now seems next to impossible.
ashaw596
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November 20, 2013, 03:32:35 PM
 #6

If btc was going to end, it would have been when it dropped from 250 - 100 . Right now, its too popular to "die".
miztaziggy
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November 20, 2013, 03:46:25 PM
 #7

after been at 900 usd, now is down to 500, is it the end of BTC? I think it could.

What do you think??

No, even BTC 1 = USD 10 is perfectly fine for Bitcoin to work as a currency.

Not true. Everyone would stop mining. Electricity costs and costs of hardware would become prohibitive.

There must be a minimum price per bitcoin for the miners to make a profit, otherwise they wouldn't do it.





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SlyFoxy12
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November 20, 2013, 03:49:18 PM
 #8

after been at 900 usd, now is down to 500, is it the end of BTC? I think it could.

What do you think??

No, even BTC 1 = USD 10 is perfectly fine for Bitcoin to work as a currency.

Not true. Everyone would stop mining. Electricity costs and costs of hardware would become prohibitive.

There must be a minimum price per bitcoin for the miners to make a profit, otherwise they wouldn't do it.

This is true although some would continue to mine on the basis that the price will eventually rise, but now that ASIC miners are the only real way forward, the price of bitcoin is somewhat set by the companies willing to go through the process or making the processors.
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November 20, 2013, 03:53:01 PM
 #9

after been at 900 usd, now is down to 500, is it the end of BTC? I think it could.

What do you think??

No, even BTC 1 = USD 10 is perfectly fine for Bitcoin to work as a currency.

Not true. Everyone would stop mining. Electricity costs and costs of hardware would become prohibitive.

There must be a minimum price per bitcoin for the miners to make a profit, otherwise they wouldn't do it.

For the network to function it would be enough if a single person mines on his smartphone.

If miners don't make a profit they stop (in reality not all do it), but unless they all stop at once, difficult goes down and the Network still functions.

All previous versions of currency will no longer be supported as of this update
John999
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November 20, 2013, 03:53:58 PM
 #10

after been at 900 usd, now is down to 500, is it the end of BTC? I think it could.

What do you think??

No, even BTC 1 = USD 10 is perfectly fine for Bitcoin to work as a currency.

Not true. Everyone would stop mining. Electricity costs and costs of hardware would become prohibitive.

There must be a minimum price per bitcoin for the miners to make a profit, otherwise they wouldn't do it.


If everyone stops mining, difficulty drops and it becomes profitable again.
John999
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November 20, 2013, 03:55:10 PM
 #11

after been at 900 usd, now is down to 500, is it the end of BTC? I think it could.

What do you think??

Yes it's the end. I will do you a favor and buy your bitcoins for 10 dollars a piece  Grin
ashaw596
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November 20, 2013, 03:58:41 PM
 #12

The problem with a large mining drop, is if it happens too fast, we could get stuck on a block for a LONG time. Like some of those ult currencies out there. But hopefully it would never drop that fast.
Sindelar1938
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November 20, 2013, 04:17:18 PM
 #13

So fickle are the crowds...

crazy_rabbit
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November 20, 2013, 04:18:39 PM
 #14

after been at 900 usd, now is down to 500, is it the end of BTC? I think it could.

What do you think??

How many times do we have to go through this before people get it: NO. Bitcoin isn't going anywhere.

more or less retired.
bythesea
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November 20, 2013, 04:54:26 PM
 #15

Any value that brings you profit is a good value. So even if its 50$ and you still earn money the price is OK. If you are sitting on 100k and you didn't sold for 750$ then that is your decision, just don't be crying if the price drops and never goes as high as that....
LiteCoinGuy
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November 20, 2013, 07:11:38 PM
 #16

after been at 900 usd, now is down to 500, is it the end of BTC? I think it could.

What do you think??

for you it is the end maybe  Wink


@crazy_rabbit

many times Smiley

Jochen
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November 20, 2013, 07:38:45 PM
 #17

I think that its also because Bitstamp was "down" for some days and had issues...
pabloangello
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November 20, 2013, 08:19:28 PM
 #18

It is not the end and next time we will probably see something like up to $1500 and down to $900-1000.

darkshadowgirl
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November 20, 2013, 09:51:07 PM
 #19

The End?? We started the month at 200$ and your complaining it's corrected to 500$!???  WTF.
Martijnvdc
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November 20, 2013, 10:05:27 PM
 #20

after been at 900 usd, now is down to 500, is it the end of BTC? I think it could.

What do you think??
What? The end? Why? The value of bitcoin is doing GREAT
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