Post
Topic
Board Economics
Re: I need bitcoin to be $690 to break even.....will I make it?
by
Bralex
on 29/05/2015, 23:15:01 UTC
Will I make it?

Well as mentioned it does depend significantly on the China because of the volumes involved. Bitcoin was $1200 once, and the best predictions indicate a value around $1000 in the next 3 years or so.
In any case, you could wait it out for a few years, probably the best bet.

The volume in China does not matter as the trading fee is 0% for big exchanges there.

What does the trading fee has to do when it comes to controlling 25% btc in circulation. They do have a huge effect.

They have more than 25% control of the bitcoin in circulation as fas as I knew, but yeh the volume coming from there is not only because of the apparent 0% fee. How do the exchanges make money? Withdrawals and deposits? Would be good to trade there for 0% as we did at stamp for awhile that had a slight increase in volume. OP if you haven't already you need to have been averaging down and that would be easy to get that back on the next small bubble to 300s.