People sold at 30, 50, 100 and are still waiting to get their coins back. At some point, people selling at 100, 200, 300, 400, will have the same fate.
In other news:
Bitcoin Difficulty: 79,102,380,900
Estimated Next Difficulty: 93,295,173,091 (+17.94%)
https://bitcoinwisdom.com/bitcoin/difficulty
Interesting indeed, has anyone any idea though how efficient this new gen of miners are that are clearly pushing the hash rate so high.
I.e is the cost of producing 1BTC actually getting higher
Yes,
1200 watt, cost 100 usd per month, with those 1200 watt miner @ 4.7 T per month generate 0.9 Btc (next difficutly its 0.77 btc)
EDIT :
i predict that mid year 2016, diff will reach 200.xxx.xxx.xxx or doubled from today, and with reward halving it means 1 bitcoin cost 400 usd. actual fair price of bitcoin 400-600.
also if there are newer miner, btc difficulty and btc cost would be higher
i stopped mining .. i decided its not worth it to pay the us govy taxes on it. i use the money i would spend on mining gear on other gear that won't cause me to pay more income taxes. paying income taxes to buy bitchcoins makes zero sense. not much makes sense with bitchcoin anymore. chasing bitchcoin into higer prices is not a good idea.
i think many bitchcoin investors will get wiped out during the "global reset". http://alt-market.com/articles/2758-the-global-economic-reset-has-begun
the reason is because when the dollar dies bitchcoin will need to revalue itself against a new currency or against gold and silver. in either case i think bitchcoin will revalue multiples lower. this is why peeps need to cover their asses by buying metals. one silver coin will have multiples more purchasing power than a single bitchcoin after the "global reset."
