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/biz/ - Business & Finance

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11765414 No.11765414 [Reply] [Original]

Your reminder that this is a once-in-a-lifetime chance to accumulate because the mathematical floor of bitcoin is 6k because of Chinese electricity generation and transmission costs.

Easiest 10% you'll ever make.

>> No.11765440

>>11765414
It's not, the actual mathematical floor is like ~480 usd as of electricity costs inn Aug. Do some research you dingus

>> No.11765455

>>11765414

>mfw there is no way to have BTC under 6k as the miners will stop mining and it is absolutely impossible.

>> No.11765507

>>11765440
>the actual mathematical floor is like ~480 usd as of electricity costs inn Aug
that's only one piece, there are lots of additional costs involved in logistics. Exactly what and how much I don't know because it's very complicated, but we do know what the end result is: bitcoin asymptotically reached that point over the last year. Externalities like Btrash schism caused a temporary dislocation.

Markets may be irrational, but can't stay irrational forever.

>> No.11765550
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11765550

>>11765414
>mathematical floor

>> No.11765576

>>11765507
Markets can stay irrational longer than you can stay solvent.

>> No.11765580
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11765580

>mathematical floor is 6k
>it's currently fluctuating between $5.1k and $5.5k

>> No.11765641

>>11765414
entire currency could go bust desu. it could become worthless that's the floor 0. This is what the central banks want. This is a game that is played for keeps. the Feudalistic inflation based currency versus a decentralized currency. This is about taxes. This is about economic freedom. it's a fight that sadly we could very well lose until the pheonix rises from the ashes and starts anew. If you ever wonder what killed bitcoin i'll tell you. it's the shit tier alt coins. it's the shit tier middlemen brokerage cloud firms that steal from everyone wallets. it's these fuck boys in the game that don't know shit about anything and don't circulate the currency or create marketplaces to spend it. but want it to succeed desperately. it's the jews that hyper inflate the currency and slowly pull out causing a public panic. Mining should hit a wall eventually. It's a finite resource. Unlike the fed turning off the printing press is a reality.. no. an eventuality ... In 2010 btc cost about 20 bucks. The theoretical floor is about 20 bucks. The theoretical ceiling is about 5 million dollars

>> No.11765652

isnt the mathematical floor $0 because thats how much it will be worth if nobody wants it?

>> No.11765668

>>11765641
This. Hundred times this.

>> No.11765733

>>11765641
You're right, desu I'm sad Bitcoin has become a medium of investment rather than something spendable. The only thing even close to bitcoin's original idea is Monero, but even that gets shit on.