Quote from: deadpoolx on January 07, 2017, 10:36:16 PM

Quote from: btcmerich on January 07, 2017, 02:56:53 AM

Quote from: Estonic on January 06, 2017, 10:40:49 AM

Quote from: Leonard2016 on December 31, 2016, 04:36:23 AM

you can only dream about the cheap bitcoin price now.
we all have to accept the fact that price has gone up and those days are over, there is a good resistance in the $900 price and it can not be broken as we are seeing from the orderbooks clearly.

I think the price of $950 is very cheap.

950 aint cheap any more and it never was, i did post around 800-900 range not to buy when people asked. cheap might be around 500 range

It is possible that the price will drop a little more, due to the panic in the market, but I don't think the price will fall to as low as five hundred dollars.

There are different reasons that make this price unfeasible, one of them is the high cost to produce a single Bitcoin, which according to some experts is something around six hundred and fifty dollars. Another aspect is that the market is much larger compared to a few years ago, and now the demand is a result of people who buy Bitcoin because they need and use it, not just speculators.

650 for Chinese miners and how much for the rest? I think it maybe closer to 800 to produce 1 bitcoin, can anyone confirm what it truly costs?