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RE: [Cryptoniam] Japanese Internet Major GMO Eyes To Invest $3 Million In Bitcoin Mining
I honestly believe they should also invest in Litecoin mining, too.
Lite is on its way up: give it a year or two, and it'll likely smack the $1,000 mark per coin.
all major coins depend a lot on Bitcoin, we want it or not. as lots speculative capital moves towards strong stable, and volatile coins. That gives a boost to any coin right there in the space, and miners are mining that coin because it is profitable to do so. Imagine if that capital retreats and every coin goes down by -90%! Anyone would mine such coin?
I am not saying that all the values of every coin is speculative capital, some is invested for a long term. But just assuming that some prices can go down, and can do it fast.