Post
Topic
Board Speculation
Re: Reason Why BTC will Dump to 2.5K$
by
minersday
on 17/11/2018, 22:43:36 UTC
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.

Your seem to be clueless with your analysis, how were miners able to cope when bitcoin wasn't worth $1,000 ? and Bitcoin at it's worse of the year so far is worth more than $5,000. You need to understand that electricity carries a relatively huge percentage of mining cost.

Because he is a newbie, he has no source for all this.

People need to see that this is just a FUD thread, and it is a nonsense. Better to skip this thread and only look for serious information with details.

Of course that bitcoin is not going to go that deep, at least, not during this year.