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RE: Bitcoin plummets 45% since January: doubts about Bitfinex and tether weigh down cryptocurrency

in #bitcoin7 years ago

The price already got ridiculous, but it’s going to have to. The only way miners will continue to mine is if it’s value increases, otherwise when it’s loss making, why would any of them contribute their power for no reward. Bitcoin has a lot of problems and people need to realise this and turn their eyes to the altcoins.

The price only grew because it became a fad. It’s over now.

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in my analysis the bitcoin will go back up as it has done the last years, every year has problem
but at the end it rises and with more strength.