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11638193 No.11638193 [Reply] [Original]

it now costs 4200$ to mine one bitcoin

why would anyone pay more than 4300 or 4400$

This is just stupid

>> No.11638203

>>11638193
>what is demand

>> No.11638264

Needs some playroom for the next halvening. But yeah, I'm hoping for a dump and miner squeeze.

>> No.11638770

>>11638193
>it costs next to nothing to print a United States Dollar. Why would anyone pay more than that? It's just stupid

>> No.11638789

>>11638193
same reason why people would be 3 dollars for a coke fuck tard.

>> No.11638818

than go mine it yourself what are you waiting for?

>> No.11638966

>>11638770
because not everyone can print it legally?

everyone can mine a bitcoin on the other hand

>> No.11638992

>>11638789
creating coke is something not everyone can do
because there is an certain formula

but everyone can mine a bitcoin
just buy a stupid miner etc and avg 4200$ of cost later you have a bitcoin

>> No.11638994

>>11638966
But not everybody does.

What about before bitcoins and dollars were a thing? Why were rocks and seashells used as currency? Why was gold used as currency? Anything can be currency if everyone agrees. And the price can be anything if everyone agrees.

>> No.11639010

>>11638966
>everyone can mine a bitcoin on the other hand
wrong you fucking retard. its not profitable in +90% of the world because of high electricity costs. and maintaing, cooling airplane loud asic miners isnt free either

just sage this brainlet thread

>> No.11639020

>>11638994
gold is limited by nature but there is no limit on how many different cryptos exist

>> No.11639024

>>11638203
i love when the top comment goes ignored by the poster, just gloriously shows their ignorance. probably doesn't even know how to pronounce demand

>> No.11639038

>>11639010
>because of high electricity costs. and maintaing, cooling airplane loud asic miners isnt free either

this is where the 4200$ come from you retard
otherwise it would be way less

>> No.11639062

>>11638193
So accordomg to your logic, restaurants should not be able to survive since people can just make food on their own. Anyone can make a pizza yet no one ever does

>> No.11639068

>>11639024
i will answer it now

>>11638203
this shows that the bidding price is still 2000$ to high and it's still in a bubble
this thing will correct down to ~4400$ at least if not even more

>> No.11639085

>>11639062
in a restaurant you don't only pay for the pizza
you pay for
>service
>location
>not having to make the food on your own
>being able to invite a large group of people
>being more near to city than your home in many cases
etc.

>> No.11639101

Bitcoin will fall down to at least 4000$ by january

screencap this