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/biz/ - Business & Finance


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17820062 No.17820062 [Reply] [Original]

What happens if price falls to very low levels or stay at this level after halving? I agree that not all mining farms will stop mining but wouldn’t this make bitcoin network slower or more expensive fees? Right now I feel the fees are too expensive and the transactions are too slow... what would happen with a 2.5k usd/btc with half the mining reward?
Please enlighten a brainlet frens

>> No.17820089

BTC is going to continue to dump in the next 12 hours, halvening will make it worse

Bitcoin is unironically dead, if it goes to 1k people are just going to give up on it

>> No.17820101

DUMP IT, BUY ANOTHER COIN (LINK) BEFORE IT'S TOO LATE

>> No.17820118

BTC and all other shitcoins are going to 0 over the next year. The whales have had their fun now they are dumping all their imaginary assets into real assets.

>> No.17820216

Frens I didn’t want to make a fud thread... my question is what exactly happens to the network if 95% of the miners simply stop their mining farms... I know about adaptility difficulty but don’t really understand how it will workout... or better yet how it will work out if btc price stay low for years to come... since in the future miners will only get money from the fees, will those fees be very high? If yes who the hell is going to use it?

>> No.17820250

https://youtube.com/watch?v=IOlvOiGPPio

>> No.17820279

>>17820216
>>17820250
Go to 2:11. Hashrate driven sky high (it was at ath). The the price crashing so fast has exposed the hash rate vulnerable to the chain becoming hard frozen.

>> No.17820357

So transactions will simply take a very long time to confirm? this will make it complete useless shit wtf even waiting for an hour it’s hard to swallow

>> No.17821295

>>17820357
They won't send at all! It's frozen brainlet.