Topic: Fair value of a "Bitcoin" according to my calc: 13.88$ - page 2. (Read 1759 times)
Even though I'm very bearish on Bitcoin, I do share the opinion that newbie jail should be made standard here. This post pretty much affirms this. Ignored.
300$ wasn't able to hold (cost around 1.2 mil $ every 24h to run the network)
200$ looks weak. It's not going to hold (800k $ in new money needed every 24h to hold this price)
Now let's turn the other way and say what infusion of new money per 24 hours is sustainable?
Given is:
-"Bitcoin" is old news, no new hype soon
-"Bitcoin" charts look bad, nobody in their right mind wants to buy this shit
-BUT we have VC and other millionaires held hostage with their money and reputation on the line! In case they are too stupid to short they are going to pump for survival
... which brings me to a 50k$ that could potentially be infused into "BTC" to keep it from dying completely. At that relatively sustainable cost of running the network 13.88$ is the price.
200$ looks weak. It's not going to hold (800k $ in new money needed every 24h to hold this price)
Now let's turn the other way and say what infusion of new money per 24 hours is sustainable?
Given is:
-"Bitcoin" is old news, no new hype soon
-"Bitcoin" charts look bad, nobody in their right mind wants to buy this shit
-BUT we have VC and other millionaires held hostage with their money and reputation on the line! In case they are too stupid to short they are going to pump for survival
... which brings me to a 50k$ that could potentially be infused into "BTC" to keep it from dying completely. At that relatively sustainable cost of running the network 13.88$ is the price.
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