will bitcoin hit under 200 usd 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

[williamevanl]

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.

[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
 

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

[noobtrader]

^ 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  ? 

[fewcoins]

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]

[AtheistAKASaneBrain]

In my opinion is a very valid posibility, I think we will see it lower than we can expect before we hit ATH again.

[spazzdla]

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.

[Hunyadi]

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 

[Undefeatable]

$366 is the bottom, no way its going lower..

[spazzdla]

$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.

[mestar]

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.

[fewcoins]

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.

[Unbelive]

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?

[yayayo]

While it is possible that miners behave irrational for some time - that is selling Bitcoin below cost base - I doubt they'll do for an extended period. So a panic sell-off is a possibility, but it would be a short term event.

Given the negative sentiment in contrast to positive news, I'm quite sure we are near the bottom. Still, I don't think we will enter a new mania phase right away. I think an extended stabilization phase will follow.

ya.ya.yo!

[pizza77]

Early adopters with millions of dollars worth of bitcoins might push the price lower. some of them probably just want a million dollars now, rather than more than that in five years time.

[rohnearner]

$366 is the bottom, no way its going lower..

Would you like to substantiate your claims..? I heard same thing when we hit 420$ few months back then it went upto 650$ then fell down to 600$ , 550$ 500$ 450$ 400$ and now again to 366$ and on each stage they said its not going to sink further low but again next week it goes down ..! I hope you are correct here and things do turn around and I'll not deny the possibility of that happening, but I will not deny the possibility of opposite happening either.

[spazzdla]

$366 is the bottom, no way its going lower..

Would you like to substantiate your claims..? I heard same thing when we hit 420$ few months back then it went upto 650$ then fell down to 600$ , 550$ 500$ 450$ 400$ and now again to 366$ and on each stage they said its not going to sink further low but again next week it goes down ..! I hope you are correct here and things do turn around and I'll not deny the possibility of that happening, but I will not deny the possibility of opposite happening either.

The low point of the massive sell off from earlier this year....

How does no one get this...

~$260 was the last all time high hence peoples idea if we break 366 that would be the next "bottom".

[RodeoX]

No one knows man. Your asking a question that will get lots of answers, but no one knows.

[Morguk]

absolutely not.

[r3wt]

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

Selling pressure doesn't reduce because a few miners stop mining. Bitcoin mining is linear, and the rate of production is constant, so logically, another miner will be there to mine the coin and reap the reward. if bitcoin dies, i will mine and hoard them all and revive it. I'm sure there are a couple thousand other people who would still be here, helping me. We're the bitcoin lifer's you see, while many are just here for the buck, not even understanding the technology's basic principles, we are here for the long term, for better or for worse. I was here when bitcoin was 30 dollars, i'll be here when its 3000 dollars