Quote from: CryingMidget on February 16, 2016, 01:54:35 PM

Quote from: panton on February 16, 2016, 09:06:41 AM

hello bitcoiners.

-----BITCOIN PRICE AND WHY?

It is known that the price is made by offer/demand no doubt. In BTC there is another variable wich is called Production costs.And like in any business in order to profit you have to sell your stuff for more than you pay for it in the first place.

since 2013 bubble popped the price hit this hard floor in wich production cost is equal(more or less) to the price of bitcoin.

Recent price gains made bitcoin go up from 250 to 500 , that made additional room for miners to profit so more miners bought into the game and because of that they more than doubled the difficulty since its 250$ levels.

based on the above assumptions the price of Bitcoin cant go any lower and if it does it will rebound quickly above 400$ level.

-----HALVING

Ive come across many people wanting to know what will happen to price when halving kicks in. My toughts:

in any market where there is a constant supply and demand like in Bitcoin if the supply halves the price will go up because the demand is still the same , in this case where supply cuts in half it is not wrong to assume that the price will double in my personal view.

many people say that the halvin is priced in ?!?!?!? how is that possible i dont know because right now it costs you about 330-350$ at least to mine a bitcoin with the latest hardware and after the halvind that cost will efectively double. (correct me if im wrong)

-----FUTURE

Simply put : MOON

It all because to know the price the bitcoin in future and How its gonna work in world economy. Thats why you can see so many speculations about that.
May be not all speculations are not true but some specs are true.

Yeah, we are all not the same for speculation and the fluctuate of bitcoin is not stable we don't know what will happen in the future.
But if you believe in bitcoin you don't need to search for the answer about the price in the future because we are not fortune teller to say that the price will rise soon or the value of bitcoin will dump.. Its randomly decreasing and we don't know what will happen next.