Topic: will bitcoin hit under 200 usd this year ? - page 2. (Read 2631 times)
You miscalculated the cost of production by A LOT! Those numbers are pretty close for individual miners but def not for those huge mining farms.
I get result that 1 bitcoin at this moment cost around 125usd in electricity alone. this without maintenance/internet/human cost. this mean no rational miner should be selling under 200 usd.
Except that market does not care about the cost of production.
If your miner holds Bitoins and price keeps falling every day, then your miner can indeed sell even for $10, and somehow still remain rational.
$366 is the bottom, no way its going lower..
It is possible but very low odds.
IMO there are too many people like you and I that will buy BTC at $366 but who knows.
$366 is the bottom, no way its going lower..
In my opinion is a very valid posibility, I think we will see it lower than we can expect before we hit ATH again.
You just want to buy even cheaper coins, c'mon
according to
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2000.00&p=1500.00&pc=0.10&pf=0.00&d=34661425923.97690000&r=25.00000000&er=378.50000000&hc=1500
which i use to compare price of 1 bitcoin and the price of electricity to generate 1 bitcoin, using latest bitcoin miner spec on the market. I get result that 1 bitcoin at this moment cost around 125usd in electricity alone. this without maintenance/internet/human cost. this mean no rational miner should be selling under 200 usd.
but do you think btc trader will sell under 200 usd.
Thanks for your input
I just spent 700$ to acquire some stock. Let's say it is 10 dollars a piece so I have 70. If you think it doesn't make sense that I will sell it for 8$ just because it cost me 10$ to acquire then you don't understand what happens everyday in the stock market. It doesn't matter what it cost to purchase/create etc.. if it becomes worth less than that you will still sell it if it obviously losing value.
So two things, yes they will sell for less than it cost to acquire and yes they will stop mining.
I won't sell at a loss... it would appear many BTCers are king bag holders as well.. this same concept is why gold is still worth something... I and many others never sell our mind coins.
In my opinion is a very valid posibility, I think we will see it lower than we can expect before we hit ATH again.
according to
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2000.00&p=1500.00&pc=0.10&pf=0.00&d=34661425923.97690000&r=25.00000000&er=378.50000000&hc=1500
which i use to compare price of 1 bitcoin and the price of electricity to generate 1 bitcoin, using latest bitcoin miner spec on the market. I get result that 1 bitcoin at this moment cost around 125usd in electricity alone. this without maintenance/internet/human cost. this mean no rational miner should be selling under 200 usd.
but do you think btc trader will sell under 200 usd.
Thanks for your input
I just spent 700$ to acquire some stock. Let's say it is 10 dollars a piece so I have 70. If you think it doesn't make sense that I will sell it for 8$ just because it cost me 10$ to acquire then you don't understand what happens everyday in the stock market. It doesn't matter what it cost to purchase/create etc.. if it becomes worth less than that you will still sell it if it obviously losing value.
So two things, yes they will sell for less than it cost to acquire and yes they will stop mining.
Finally some real input here!!!
+1[/b]
^ but won't mining difficulty also decrease if there are fewer miners? This would lead to there always being some miners, and selling pressure anyway. Still, I don't believe we will see a much lower value than what it is now, so no $200 a bitcoin this year. (or ever, I hope) Also, depending on where you live, you can have cheaper electricity. (or even free in some cases)
are you bull or bear or both ?
according to
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2000.00&p=1500.00&pc=0.10&pf=0.00&d=34661425923.97690000&r=25.00000000&er=378.50000000&hc=1500
which i use to compare price of 1 bitcoin and the price of electricity to generate 1 bitcoin, using latest bitcoin miner spec on the market. I get result that 1 bitcoin at this moment cost around 125usd in electricity alone. this without maintenance/internet/human cost. this mean no rational miner should be selling under 200 usd.
but do you think btc trader will sell under 200 usd.
Thanks for your input
I just spent 700$ to acquire some stock. Let's say it is 10 dollars a piece so I have 70. If you think it doesn't make sense that I will sell it for 8$ just because it cost me 10$ to acquire then you don't understand what happens everyday in the stock market. It doesn't matter what it cost to purchase/create etc.. if it becomes worth less than that you will still sell it if it obviously losing value.
So two things, yes they will sell for less than it cost to acquire and yes they will stop mining.
Thank you for your trading tip.
but if they stopped mining, then selling pressure also reduced.
btw if Power Cost ($/kWh) at 0.3
1 bitcoin is 372 just for the electricity ATM.
so sad for them miner there according to
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2000.00&p=1500.00&pc=0.10&pf=0.00&d=34661425923.97690000&r=25.00000000&er=378.50000000&hc=1500
which i use to compare price of 1 bitcoin and the price of electricity to generate 1 bitcoin, using latest bitcoin miner spec on the market. I get result that 1 bitcoin at this moment cost around 125usd in electricity alone. this without maintenance/internet/human cost. this mean no rational miner should be selling under 200 usd.
but do you think btc trader will sell under 200 usd.
Thanks for your input
I just spent 700$ to acquire some stock. Let's say it is 10 dollars a piece so I have 70. If you think it doesn't make sense that I will sell it for 8$ just because it cost me 10$ to acquire then you don't understand what happens everyday in the stock market. It doesn't matter what it cost to purchase/create etc.. if it becomes worth less than that you will still sell it if it obviously losing value.
So two things, yes they will sell for less than it cost to acquire and yes they will stop mining.
according to
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2000.00&p=1500.00&pc=0.10&pf=0.00&d=34661425923.97690000&r=25.00000000&er=378.50000000&hc=1500
which i use to compare price of 1 bitcoin and the price of electricity to generate 1 bitcoin, using latest bitcoin miner spec on the market. I get result that 1 bitcoin at this moment cost around 125usd in electricity alone. this without maintenance/internet/human cost. this mean no rational miner should be selling under 200 usd.
but do you think btc trader will sell under 200 usd.
Thanks for your input
info : the amount of days needed to generate 1 bitcoin presumed around 34 days
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