Stop panicking: why Bitcoin will never fall to zero?
Source:After another sharp fall of Bitcoin this Thursday, opponents of the cryptocurrency began the more water the situation is negative. «Doctor Doom» Nouriel Roubini, again, about the utter uselessness of the crypts, and Professor at the University of Santa Clara Atulya sarin is a coin drop to zero «spiral of death». However, the real situation is not as bad as it seems at first glance.
theBitcoin will survive due to mining
One of the first supporters of Bitcoin Andreas Antonopoulos recently spoke in defense of cryptocurrencies in your video on YouTube. The expert is trying to expose the myths associated with the extraction of the crypts, the allocation complexity and the same «death spiral».
For those who have not looked into the news, recall that the fall of Bitcoin below $ 6000 put into question the feasibility of mining. After November 14, Hasrat cryptocurrency fell by almost 36 percent from 58 to 37 aksaka. According to the statements of the head of F2Pool Mao Chinsinga, plums prices of digital assets has led to the mass -miners in China.
Actually, the problems mining companies and became the ground for the hypothesis «spiral of death». Antonopulos not sure that under this assumption there are generally any true facts. The author of the forecast Atulya sarin, it seems, did not consider the ability of a network of cryptocurrency to change its complexity in accordance with the current hasraton.
The Expert reminded the audience that the Bitcoin network difficulty changes every 2016 blocks, roughly at intervals of two weeks. Twice a month, difficulty falling or rising depending on Hasrat. In other words, the threshold of profitability of mining Bitcoin is constantly changing value.
If the miners will wait for allocation of complexity, the results of which it will fall, every miner will be able to get more income for their activities. For example, Herat fell by 50 percent, i.e. half of the miners turn off asik. Those who remain will increase their yields by half after the recalculation of difficulty.
From this we can conclude that the industry will always remain the most «thick-skinned» miners, which will increase the income of every drop Hasrat. Under these conditions, the reduction in the price of Bitcoin down to zero is impossible, regardless of pressure bears on the market.
thePositive fundamental factors
According to co-founder Morgan Creek Digital Anthony Pompliano, there are other reasons why the crypt will change our world beyond recognition.
Bitcoin already went through the fall and some bear trends. This is a very strong asset. His system is designed so that course correction and other unfavorable market conditions would not be a threat to the existence of Bitcoin.
image Source — Reddit
In a recent interview, Pompliano sounded very accurate phrase — «Bitcoin was created for survival». Investors should not be distracted by «» or negative statements about the crypt. During a visit to the transmission of CNBC analyst said that due to its uniqueness and security of Bitcoin will never depreciate even in the long term.
Let's hope that Bitcoin will one day rise to a million. About other promising investments you can find in our .
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