will bitcoin hit under 200 usd this year ?

[catena5260]

For me it is more likely than a miracle happens and all of sudden we get 1000+ this year.

[noobtrader]

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

what kind of electricity you used here? you pedal it on your bike?

http://shrinkthatfootprint.com/average-electricity-prices-kwh

[noobtrader]

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.

great... so can you show me the true ELECTRICITY cost of production of 1 BTC ? or should the electricity be free ?

[POM]

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.

great... so can you show me the true ELECTRICITY cost of production of 1 BTC ? or should the electricity be free ?

it's free if you have a rig set up at your job 

[cinder]

Coin trend is switching PoS and PoI type. As more coins enter the market, market cap will get spread to some lesser known coins.

[Reynaldo]

I feel this post should be bumped. Price is 195 and as low as 185 at btce

[noobtrader]

I feel this post should be bumped. Price is 195 and as low as 185 at btce

honestly
i hate this price

[nomoreheroes7]

I feel this post should be bumped. Price is 195 and as low as 185 at btce

honestly
i hate this price

You were only off by 14 days, noobtrader l33ttrader. Well done.

[kuusj98]

Haha I remember this thread, went for a yes on the poll.
Anyway, I'd much rather see it rise than duck below 180 which it is at ATM.

[sukamasoto]

Well take a look on the graph

https://bitcoinwisdom.com/markets/btce/btcusd

The trend is down and it is not possible that bitcoin will reach under $ 200

Just checked preev.com and it hit $ 188,9  

[pereira4]

Well take a look on the graph

https://bitcoinwisdom.com/markets/btce/btcusd

The trend is down and it is not possible that bitcoin will reach under $ 200

Just checked preev.com and it hit $ 188,9  

Dude check bitcoinwisdom and check for the lowest price, we've touched $ 154, so thats the current wall, with this trend tho I see it being broken... hope im wrong.

[noobtrader]

Well take a look on the graph

https://bitcoinwisdom.com/markets/btce/btcusd

The trend is down and it is not possible that bitcoin will reach under $ 200

Just checked preev.com and it hit $ 188,9  

Dude check bitcoinwisdom and check for the lowest price, we've touched $ 154, so thats the current wall, with this trend tho I see it being broken... hope im wrong.

if 154 being broken, i wonder who will still be mining ?  well maybe we will all mining with cpu again just like teh old times