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/biz/ - Business & Finance

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2797880 No.2797880 [Reply] [Original]

If miners sell their bitcoins below 1700 they are losing money (production costs)

Below 1700 they must keep the mined coins for better times or sell at a loss.

Therefore Inflation below 1700 is 0 and deflation begins. If you are selling below 1700 you're braindead.

>> No.2797892

>>2797880
What the fuck are you talking about?

The miners who have been mining since BTC was like $100 are now perfectly willing to sell at $1700 and below you moron.

You're an idiot.

>> No.2797899

More like you are braindead for selling BTC at all

it doesnt take captain obvious to spot that the value of this will keep going up

>> No.2797905

>>2797880
>If miners sell their bitcoins below 1700 they are losing money (production costs)

Show me the calculation.

>> No.2797916

>>2797899
temporary downs are inevitable (i'm a holder)

>>2797880
mining becomes too expensive, miners stop. difficulty decreases, energy required to obtain btc decreases, price decreases, interest in mining increases.

>>2797892
this

>> No.2797979

>>2797892
Well back then at 100 they also had to cover their costs. Btw I was a miner for several years.

>>2797905
Lookup price and hashrate, price was 60% above the usual hasrate-price ratio at 2400, 1700 - 1800 is ok now

>>2797916
Most miners keep mining when the price dropps for a few weeks. Unlike shitcoin miners that only mine the most profitable coin and switch the network all the time they have holdings in btc and are interested in keeping its value high