Post
Topic
Board Speculation
Re: Public service announcement for noobs: Why the drop really happened
by
r0ach
on 16/01/2016, 22:58:34 UTC
Double digits it is! Gotcha
Seeing that cost of production is in the middle $100's and they are making a killing at current prices, sounds quite plausible. I'm glad you brought this up

Bullshit post.  I'll calculate cost of production later, but when I did it for SP30s like a year ago, with electricity + hardware cost combined, I seem to recall it being in the 200's way back then, and there's more hash on network now without much rollout of more efficient miners yet.

Lol at your chart and forecast.

There are lots of traders who called this move waaaay before 2 weeks ago. eg Adams Bit's Movement post #24

https://bitcointalk.org/index.php?topic=796276.20

Wrong.  He's been calling $330 coins ever since it started to rise and everyone knows it, and it went all the way to $460 again, so he was way the hell off.

He was calling for $330 coins in the drop on the white circled area of the chart below and instead of dropping, it only went to 400 then went even higher than before the drop: