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Bitcoin is failing as a crypto currency
By: Eric, on 03 Dec 2018



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Responses: 9
Views: 1545
Authors: 2
Graph Last Updated: 14 Nov 2019
Topic Statement Status Last Changed: 03 Dec 2018
Bitcoin is most likely failing because Ethereum is a better and superior alternative
When the junk ICO's washout bitcoin will shine again
The cost of bitcoin mining is half of gold mining and 1/10 of the banking system so it's actually the cheapest form of money
Bitcoin has been traded for more than 10 years
As the price of bitcoin drops, capitalists are finding more efficient means of mining
Bitcoin is failing as a crypto currency
When the price of the coin falls below the cost of mining it it will become worthless
This concern is no different than the question what will happen when all the bit coins are minted
When the price of the coin drops, there are less miners so less competition for coins so the cost of mining drops









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