/biz/ - Business & Finance

[Anonymous No.10701434]

A fall in BTC price to 3k would render it unprofitable to mine, trigger the spiral of death, etc.

In case this happens, what would happen with the rest of the altcoins? Would the crash bring the rest of the coins to the ground too?

[Anonymous No.10701521]

serious bump

[Anonymous No.10701529]

Of course the whole market will go down

[Anonymous No.10701533]

>falling for this meme

[Anonymous No.10701546]

BTC was unprofitable to mine in the 2014 bear market and hashrate increased

[Anonymous No.10701565]

>>10701434
The economics of mining Bitcoin aren't that simple. After hardware costs, the cost to mine BTC is a function of electricity usage, which is a function of the difficulty, which is a function of the number of active miners, which is a function of BTC price

[Anonymous No.10701633]

>>10701434
Just like when the dinosaurs went extinct, the smaller animals took over.

[Anonymous No.10701697]

>>10701633
>Just like when the dinosaurs went extinct, the smaller animals took over.
Whoa that's actually a pretty good analogy desu

[Anonymous No.10701711]

>>10701434
Link would hit 2500 eoy

[Anonymous No.10702707]

last bump for serious discussion

[Anonymous No.10702718]

>spiral of death
you can always tell a late adopter

[Anonymous No.10702724]

>>10701434
Is there a source for this or is it just some random numbers on a photo? Cause I can do that too

[Anonymous No.10702740]

>>10701434
Doesn't matter. I'm still HODLing.
Up 5% in the last 24h.

[Anonymous No.10702759]

holy fuck you burgers really fall for every shit chinks say. hahahhah. they say something and you all believe it without having proof. you really cant blame the chinks for fucking any amerimutt over on china hustle ways...

>he really falls for the muh $5k - lowest price for it beeing profitable to mine meme