Does mining centralization contribute to the falling price?

Started by luckybit, October 31, 2014, 12:57:18 AM

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xeroc


luckybit

What do you think? are whale miners selling their coins by the thousands to buy new mining equipment to compete with each other?

I expect the Bitcoin price to keep going down until it's below $200 due to greed of miners combined with stolen MtGox coins.

Luckly we have BitUSD.
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