Bitcoin heading to 0?

in #bitcoin7 years ago

It looks to me like the end could be near for bitcoin.

It's now unprofitable to mine/operate the bitcoin network in Hawaii at these "low" prices.

In addition to the risk of network shutdown some miners may have to sell their coins to keep running which would hurt prices.

In addition there could be problems with the lightning network

Also: Mathematical Proof That the Lightning Network Cannot Be a Decentralized Bitcoin Scaling Solution

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This happens every year it's nothing to worry about. This drop is the biggest drop though percentage wise. Wait for the correction. It will still be worth a lot but it lost it's dominance that's for sure.

It seems like the price needs to go up for the bitcoin network to be able to survive.

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