Quote from: ThankThake on November 22, 2018, 07:07:29 AM

Quote from: Kevin77 on November 17, 2018, 02:04:19 PM

Quote from: alexey14 on November 14, 2018, 08:23:20 PM

If Mining BTC Even with free electricity cannot pay the mining equipment in a year, that will be the doomsday of BTC, 2000$-2500$ is the limit.

Normally I would love to sit here and say there is no possible way the price will dump to $2.5k but apparently that type of stuff could happen at any given time. I mean that is really too low and would really destroy all of the interest we have worked to gain over the years but it would also be possibly the best thing that could happen to bitcoin as well.

Yes, all of our investments would worth a lot less than we initially got in but than we will have chance to get bitcoin for incredibly cheap, if it reaches $2.5k it means when it goes to $25k that is 10 times the profit. There is of course, no guarantee that it will go to $25k but I assume it will happen eventually one day, maybe not today or tomorrow but 5 years from now would you be shocked if the price was $25k ?

And apparently there is no such tool with which we can say what would be the price of bitcoin in coming days. Right now, there is a chaos being made by people because they know bitcoins golden time has just arrived.

Times like this is when we get to see FUD the more, and the people I pity the most are those who tend to listen to this and then dump all they have at loss, and then eventually get scammed by some so called people who are trying to manipulate their minds into getting a lot from them eventually. Bear trend has always been a good time for accumulation.

Whether it drops as low as even $2k, I really have nothing to be bothered about. There is time for everything and if you are smart enough as an investor, you will know time when people are scared like this is when you should be accumulating.