Post
Topic
Board Speculation
Re: If u don't buy now you will regret it for your entire life
by
Persinon
on 14/07/2016, 10:24:38 UTC
Just think about it. The price to create a bitcoin currently is about $280. Double that after the halving, $560. The minimum cost to create a bitcoin is $560, not including difficulty rises. This means that bitcoin should keep going up. If it goes below the price to create a bitcoin, then we know something's wrong.

So that set a floor price of $560. it means the bitcoin cannot fall below $550 easily. Good to know that.