Bitcoin Prices Continue to Go Down, Bad Signs For Miners
Bad news today for digital currency miners, when Bitcoin prices continue to fall and there are no signs yet to go back up. Some even say that he can no longer provide an ideal advantage. This is revealed by some circles, including from what is written on the CNBC website. There are several options for today's miners to either stop for a while until prices return to normal, or to fully sell their devices.
According to Thomas Lee Fundstrat, Co-founder of Global Fundstrates in a report on Thursday, he said that "Bitcoin currently has a price that is no longer profitable for bitcoin mining, let alone Altcoin prices based on the benchmark price of one of the most popular currencies this". Yes, the price of BTC is currently at a price range of 114 million rupiah, and many people expect that it will continue to fall, let alone the many factors that hamper Cryptocurrency's growing world choice.
For future viewers: price of bitcoin at the moment of posting is 7689.00USD
I don't really think miners will stop. In my opinion miners will mine at a loss because they know in the long run bitcoin will appreciate hugely. And even if the current miners stop, new miners will come who want to mine btc for the previous reason