relationship of bitcoin prices and mining price

[Erdogan]

When you have bitcoins for the speculation, the only things that count is the current price and the future price. What you paid for the coins, is no longer relevant.

Historic prices may be, for chartists, only a help in considering the future price.

Basically, you can just forget what you paid for them. If you have a coin you paid 1000 for, you are in the exact same position as someone else with one coin, who paid only 200.

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[g3rszpi]

mining doesn't influences the highest price. but influences the lowest, because under an x price the mining costs more than the mined coins.

Please explain how it puts a lower limit on the price. If the cost of mining is higher than the value of the mined coins, what exactly causes the price to rise? How does the cost of mining prevent people from selling for a lower price or encourage people to pay more?

Nobody said that the price will rise. Probably if the coin lost all of it interest, goes right to our cryptocemetery.