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RE: How Bitcoin Mining is Affecting the Tech Industry

in #bitcoin • 7 years ago

Yup but as I stated in my post, if the price increase in their stocks is due to the increase in mining then the crash of cryptos, if it does happen, will also have negative effects on them.

7 years ago in #bitcoin by
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     7 years ago 

    True. But when you say 'crash', do you mean crash forever, or temporary market down trends?

    Because if it's only temporary, then it's not like so many people will just sell their rigs because of market draw-backs, if anything, they will hold because if the currency's shoot back up, then there is way more profit :)

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       7 years ago 

      I'm referring to a permanent crash. It's a big if, but everything is possible.
      Best of luck to your investments!

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       7 years ago (edited)

      I don't even want to think about a permanent crash thanks LOL :P Good luck my man. I have given you a follow! Talk soon :)