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re: Predict the 12/31/2014 bitcoin price (plus 2013 year in review)
Posted on 1/9/14 at 6:33 pm to C
Posted on 1/9/14 at 6:33 pm to C
quote:
Wait won't this become more likely in the future as mining profitability goes down? Fewer people will want to mine in the future as the number of new coins will decrease and the power to mine will increase. Thus it will become more concentrated
In a dream scenario, higher difficulty and less coins being mined would make the price of BTC go up. That all depends on that whole supply and demand thing though.
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