Post
Topic
Board Speculation
Re: What would happen if Bitcoin did hit $1m by mid-2020?
by
djpitagora
on 24/05/2018, 16:15:44 UTC
let me put the question into context for all you dreamers: in order to mine 1 bitcoin in average in the world you need to spend about 5000$ in electricity. In China it's 4000$, Ukraine 1000$, ...

Do you think any kind of "thing" produced for 5000$ can be sold for 1 million $? Even in a short term bubble? Who is the idiot that will spend 1 million dollars instead of just 5000 for 1 btc?

You are welcome. You can stop daydreaming now