Quote from: minersday on November 17, 2018, 10:43:36 PM

Quote from: Harkorede on November 17, 2018, 09:14:37 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.

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.

Mining equipment costs are always lowering with more hashpower machines come out and better innovations and improvements are made to mining but in the end what matters is that miners are the ones who decide on the price. If they decline on selling under the cost than they will keep their bitcoins and they won't allow it to go down.

Do you know why everybody believed bitcoin prices wouldn't go under 6 thousand dollars and why it actually did go under 6 thousand dollars? Because people believed the price for break even in mining was 6 thousand dollars and miners wouldn't sell under 6 thousand dollars and they really didn't. However when this bitcoin cash thing happened they all started selling to cover for the expense of the war. So the price all depends on the miners, as long as they don't sell no problem will happen but if they do than there is no bottom.