When the Bitcoin value drops to $ 1. Is anyone else digging anymore?

[boyptc]

I dont think that the 'crowd' is selling. This massive selling was done by whales that we dont know who they are.

Yes, bitcoins value is due to demand and supply, the law of it is applied. And as for lower value of bitcoin, this will make the mining difficulty lower which will make everyone want to mine once again.

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[pixie85]

Yes, there's a point in digging at $1 if you're still holding Bitcoin by then. But it won't be Bitcoin that you're digging




I'm not trolling here. If you ever see a $1 Bitcoin again it will mean cryptocurrencies have failed miserably.

[Cryptoshops]

I hope Bitcoin does go down to a much smaller value and becomes stable because then it might just be used what it was meant to be used for, an alternative to Fiat money,  instead of people just trying to make a fast buck out of it...

[mickeybuddy27]

When the Bitcoin value drops to $ 1. Is anyone else digging anymore?

Many times I wonder if the value of Bitcoin is due to demand?
And if the value of Bitcoin today when I'm writing this article ranges from $ 3300 - $ 3500. But if the current crowd is still selling Bitcoin and its price goes down further, the cost of digging will not offset the selling value. So who else digs for Coin?

If by digging you mean mining then yes. Mining difficulty scales so other than for short periods of time, the cost of mining should always be less than the cost of bitcoin. For that reason even at $1 people will be mining. Same answer for your second question.

If price drops below lowest mining cost, people stop mining, mining difficulty lowers, mining cost lowers, people start mining again.

There will come the opportunity again. Many people can buy everything at lower cost. If everything is cheaper, hopefully that it is the start for a new beginning on trusting the coin that it has power to increase the price again. People are going to stop digging but continue it when they could gain from it.

[KingScorpio]

When the Bitcoin value drops to $ 1. Is anyone else digging anymore?

Many times I wonder if the value of Bitcoin is due to demand?
And if the value of Bitcoin today when I'm writing this article ranges from $ 3300 - $ 3500. But if the current crowd is still selling Bitcoin and its price goes down further, the cost of digging will not offset the selling value. So who else digs for Coin?

it will become a very small community, like it once was, and whole world laughs at it and its attempt to centre everyone on their money. and their principle to install more and more computation power to mine money.

[konfuzius5278]

All people say Bitcoin mining depends on vale of Bitcoin.

Bitcoin price had to go down 80% until a minimal correction of difficulty came in.

But thats stupid people that say Bitcoin is the only real cryptocurrency.

[Burogh]

When the Bitcoin value drops to $ 1. Is anyone else digging anymore?

Many times I wonder if the value of Bitcoin is due to demand?
And if the value of Bitcoin today when I'm writing this article ranges from $ 3300 - $ 3500. But if the current crowd is still selling Bitcoin and its price goes down further, the cost of digging will not offset the selling value. So who else digs for Coin?

I think if bitcoin price goes to $1, people will losing trust on this market. People will not believe anymore about cryptocurrency and leave the market forever. But i think there is a few people will keep digging coin maybe for their collection.