Quote from: fabiorem on May 18, 2018, 02:09:51 PM

There was a prediction from a guy, two or three months ago, saying the price would fall to 3k by June or July.

If thats the case, I'm going to prepare the fiat to buy.

Quote from: djpitagora on May 18, 2018, 02:05:55 PM

setting technical analysys aside, if BTC is going to be used as a real coin it's going to end up priced at around the mining costs, which right now are 2000-5000$, depending on the rig you have.

The cost actually is around 13k. As you can see here:

https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4730&HashingUnit=GH%2Fs&PowerConsumption=1293&CostPerkWh=0.12&MiningPoolFee=1

it's 4 cents per kw in China mate. If you pay 12 cents then you are doing it wrong. Of course there are countries that pay as much as 24 cents but the point is to locate your centers in cheap countries, which is why over 50% of mining is done in china. There are even cheap countries though like ucraine.