/biz/ - Business & Finance

If anyone sees any flaws in my reasoning I'd be happy to hear it.

>>9855499

>>9855555
what a fucking waste kys

>>9855563
Nice self-portrait. 10/10

Non-retarded contributions only please.

>>9855555
kys

>>9855573
>>9855588
>oh no not muh imaginary digits
still nothing but retards on this board i see

>>9855499
Would you mind explaining what in your mind exactly is production cost?

>>9855555
nice digits. some people like me get free electricity so the cost to produce a bitcoin is zero. I can dump bitcoin bags at $1 and still be profitable. hope u faggots are ready for $1 bitcoin

>>9855633
Whatever it costs to produce it. Electricity mostly + some equipment.

>>9855657
How's that different to mining cost? To quote you - "The production cost of 1 bitcoin is roughly equivalent to the cost of mining 1 bitcoin"

>>9855677
It's not. I just rephrased it.

>>9855642
You also got your mining rig for free I assume

>>9855684
So, what exactly were you trying to say? Cause that "rephrase" makes no sense whatosever

>>9855684
Cost to produce increases with adoption and decreases with repudiation. So it's hard tell what the real value is.
It might even fall to cents per btc.

>>9855700
cost to produce = everything involved getting your setup + maintenance + mining

cost to mine = just the cost once you actually begin mining, possibly just electricity

I would think that's how it should go

>>9855741
my point exactly.
what drives these changes? it's the hype (now dead) and the raw in crypto

>>9855832
spot on

>>9856030
raw trust*

>>9855555
Nice digits fren. We're all gonna make it fren

>>9855555
None. I have been predicting this for quite a while and I think that there is going to be an even more major crash that will slow down the network and cause a difficulty collapse too. We are almost at the breakeven point.

>>9856066
Yes we are. Bitcoin is going to 100k EOY.

>>9856105
I thought intelligent people left /biz/ long ago.

>>9855499
Op, Google sunk cost.
There is nothing holding a floor at production cost.

>>9856105
This, there is no 'true' bottom. As price falls, many miners leave making it more profitable for the rest. BTC could drop to $100 and it would still be profitable for some mining operations

>>9855499
the real answer is C) usage to buy stuff. something that BTC is getting less and less of and BCH is getting more and more of.

>>9856904
really? what can you buy with BCH

>>9856904
well, no. this is just idiotic

most online merchants accept bitcoin and dont give a shit about some lame "cash" variant of it.

>>9856966
a lot: https://acceptbitcoin.cash/

actually anything if you use these guys:
http://cryptonize.it/order-anything/

>>9856994
https://www.youtube.com/watch?v=w869Avr_fXI

>>9856994

>Implying tons of merchants haven't dropped support for bitcoin

>>9857049
>Choose the products you want to purchase with a maximum total of 250USD/EUR.

>>9855499
Once the SEC steps in and the shitcoins get classified as unregistered securities (they are), the real value of BTC show its true price. watch the CNBC interview with the SEC chairman if your have no clue what i am talkin about

>>9857164
The SEC can regulate whatever they want. Asia will give a fuck about it.

>>9857202
Thailand has given till mid august for registration of securities....

>>9857112
They haven't.

>>9857151
ok fine, not everything then. just most everything.