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That doesn't mean that BTC can't go to $1, it just means that BTC will die if it does go to $1.
by solveit 7y ago
That doesn't mean that BTC can't go to $1, it just means that BTC will die if it does go to $1.
- chrisco255 7y agoRight. OP predicted it would be around whether at $1 or $1M and this is no longer possible. The chain would die if it ever falls below a cheap attack price. But, that's part of the reason holders have a vested interest in holding, and thus available supply on the market is restricted, and the price remains high. Game theory keeps the chain alive.