/biz/ - Business & Finance

The one thing good about BTC crashing down to $500 is that it would be usable as cash again by that point.

Between 2500 and 3k.
This is a fact.

>>10814890
even after the halvening BTC will probably cost 10k to produce at max

>>10722544
most miners probably spend 3k per BTC

A fall in BTC price to 3k would render it unprofitable to mine, trigger the spiral of death, etc.

In case this happens, what would happen with the rest of the altcoins? Would the crash bring the rest of the coins to the ground too?

Discuss.
How low would miners let the price go? What and how much power do they hold in manipulating the price? How much BTC do the biggest miners hold?

>>10147100
Therefore, Bitcoin price floor = pic related

>>10119505
I assume you looked at this chart?

>FAKE NEWS

SAME articles says: "AntMiner S9 would use 17,773.344 kilowatts and take 548.56 days to mine a coin"

so almost 18kwhs for 13,000 hours...

yeah they missed a fucking 0 LOL

thats $6k

at just $0.025 / kwh thats exactly $6k... which suprise suprise is how much electricity is in china

>>9989338
it may not be couple of months it can take year or two
anyway does it really mater who hold the support? as trader you can make money anyway

bullrun soon

I find that hard to believe

>What the report (see table above) found is that the U.S. ranks 41st among countries, with an average costs for mining bitcoin of $4,758 a bitcoin, close to other popular mining destinations Russia at $4,675 and the aforementioned Iceland at $4,746. That means that investors would be able to make a profit with bitcoin’s current value at $8,567.86, according to Kraken exchange prices.

BTC was around 8,5 k when that table came out.

Can some math autist fag calculate the simple average for all those countries? Thanks.

>>9769480
overvalued? who you are kidding? average mining cost are about where it's at.

Nope
To many countries mining cheep
Fed said only worth 1800

>>9580295
$3505? That would unironically kill bitcoin. I hope it fucking crashes that hard. Fuck this shitcoin crashing the market with it.

>>8762512