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File: 262 KB, 1456x842, BTC_CN_REALITY.jpg [View same] [iqdb] [saucenao] [google]
12000889 No.12000889 [Reply] [Original]

The floor of BTC is mathematically && (meaning computational and not weak semantics) economically bound to Chinese electrical transmission and generation costs. IT IS NOT STRICTLY EQUAL YOU BRAINLETS There is a scaling factor, and while we can't know what that is directly we can see the aggregate effects to be $4000

> pic related

I am an actual goddamm economist and this is as about as straightforward economics as there is.

>INB4 "it's lower right now durr durr"

There's random fluctuations idiot, but the market can stay irrational only so long. Right now is provably the best time to accumulate probably for the time within any of our lifetimes.

>> No.12000945

>>12000889
>I am an actual goddamn economist
>plushpepe.jpg

>> No.12000979

I'm almost out of money from continuing to buy
I don't want to sell at these prices but I can't buy anymore

>> No.12001023

>>12000889
This is meaningless
Institutional money can hold it under water arbitrarily deep for arbitrarily long and flush out anyone that doesn't have the backing to pay their electric bill and run at a loss. Whoever runs at a loss the longest buy all the mining hardware at a discount.

>> No.12001031
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12001031

>>12000889
BASED AND BITPILLED

>> No.12001032

>>12000889
LMAO just dollar cost average my dude.
>>12000000

>> No.12001122

>>12000889
Is it possible that the extremely low price now is due to a large mining company or two dumping to lower price to put other miners out of business?

Then those miners buy cheap asics and add to their mining power, then they stop dumping and let price climb.

>> No.12001300

>>12001023
this

op is delusional

>> No.12001541
File: 10 KB, 225x225, 1510197726021.jpg [View same] [iqdb] [saucenao] [google]
12001541

>>12000945
>I am an actual goddamn economist

>> No.12001553

>>12001541
Thanks anon

>> No.12001655

every pump so far has been the result of shorts getting squeezed
To sustain price after pump, demand must outpace supply.
So far that hasn't happened, we will continue going lower. Prove me wrong.

>> No.12001673

>>12000889
>I am an actual goddamm economist
OP, Is the Money Multiplier Effect real?

>> No.12001685

>>12001655
21 million limit

>> No.12001755

>>12000889
When you produce electricity sometimes you will have extra electricity that you need to get rid of. Companies sometimes even pay to do this. So a correct long-term calculation for the cost of producing a bitcoin will have electricity at near zero.

>> No.12001762

>>12000889
It‘s still going to flash crash to capitulation levels.

>> No.12001847

>>12000889
thank you based economist. just bought 100k

>> No.12001856

>buying gen 1 shitcoins

>> No.12001914

>>12001856
>Being this much of a newfag

How are those shitcoins treating you?

>> No.12002024

Miners can just stop mining and the difficulty will drop. They can't mine at a loss forever. infact, we just saw the second biggest difficulty reduction in the history of Bitcoin, so clearly the cost of production is decreasing