Quote from: 1Referee on January 20, 2018, 02:09:16 PM

Quote from: mostkey on January 20, 2018, 12:40:05 PM

I am not sure if now the price will soon rise. I am more of a think that the price will probably drop to $ 2k. I still wait for the price to go down again. 'profit?' that I got when the price dropped 3 days back, and now I am waiting for the price lower than now.It will happen I strongly believe this

If you are so confident, then sell all your coins right now, and use futures or options to short Bitcoin. People like you will end up buying on the way up when you finally understand that you will not get what you are looking for. If you seriously believe that one Bitcoin can be worth $2000 again, you don't know much about this market and the cost of having one Bitcoin minted. It wasn't all that long ago where people said the same when the price just topped the $1000 level. According to them it wouldn't take long before the market would hit the $500 range again, and look where we stand right now. Let me know when you have bought yourself short exposure through futures or options. I however am sure you don't have the balls to do that. Wink

Not to raise a polemic here but what does the cost of minting or mining have to do with bitcoin's price? Bitcoin is not like gold or oil or whatever where you can't arbitrarily adjust the "difficulty" of extraction. But with bitcoin, mining will never stop at any price, even at $1. People will just wait till the mining difficulty adjusts to lower hashrates, and then they will start mining again, now with videocards or even cpus when videocards are no longer economically viable.