Bitcoin will go under 1500$ this week. Mining cost of production

>>2215534
Complacency stage confirmed

>>2215534
>>2215534
You're wrong about production costs. Simply.

>>2215534

You can't believe how many times I've seen this graph on here before when bitcoin was recovering from a drop. Keep on dreaming no-coiner.

>>2215534
>>2215534
>buying btc in [CURRENT YEAR]

If you're not balls deep in alts by now, you should end yourself.

FUD

I don't know if it will go under $1500 but probably somewhere around there. People seem to have memory problems. It dropped 32 billion yesterday in less than 12 hours. It will happen again once the money stops flowing in.

>>2215577
This. When the money stops coming it prices stop going up and people sell. This "correction" isn't over.

Should I, as a nocoiner, buy in or wait?

>>2215796
>ould I, as a nocoiner, buy in or wait?

WAIT! Cost of production is about 1100 at the moment and miners premium is way to greedy atm. 13-1400 is a more sane level at this difficulty\hashrate!

Dont fall for hype! BTC is currently overpriced .

>>2215848
Actually mining has always been a loss making operation for the short term.

As they say: Mine for the price of tomorrow.

So the price should be sub 1000. As the growth from 600 to 2750 was fueled by speculation.

Valueing BTC on miner costs. Kek haven't laughed so hard in my life!

File: bitcoin price evolution.jpg (241KB, 2954x939px) Image search: [Google]

241KB, 2954x939px

>>2215572
>buying shitcoins

you do realize that even stocks trade at tens to hundreds of times what the company is worth right?

Get out fast guys. Wait untill closer to 1500