Quote from: BlackHatCoiner on October 26, 2021, 07:07:56 PM

Quote from: franky1 on October 23, 2021, 02:33:39 AM

bitcoin has a real cost of creation via the mining hardware. much like golds underlying cost is in gold mining costs

I've had this discussion with you in the past and you repeat this very mistake. The cost DOES NOT mean the minimum market value in bitcoin and thus,

and it seems after having many conversations.. your thinking about minimum market value as its talking about active daily price

maybe if you read the analogies you will detach your mindset from the PRICE. and take the word price out of your mind. put it on paper then throw away the paper.

read what i actualy said. its not the retail/spot price of the market. its the underlying value cost.
such as say the hidden cost of mining gold. of the farming cost of fruit, veg, dairy

lets use dairy/veg as it seems you dont understand the gold concept
again forget the retail price customers pay at the grocery store. snap that grocery store image out of your mind and burn it. please.

think about the cost the farmer charges the retailer..
now think of the lowest price the retailer MIGHT charge if there was an over supply and little demand..

again not the active current price they charge a customer.. but the lowest charge they would dare sel at if supply was high and demand was near zero

they still would not give food away for free but the ultimate discount they would ever offer .. thats the underlying value

its not the markets daily hi-low.. its what some refer to as 'the new bottom' the the new zero.

yes if no one had interest in bitcoins market of coin, subsequently miners would lose interest in mining and the hashrate could drop causing the cost to drop meaning the new low can go down.

but the underlying value is a value line a sandwich filling of all aspects that load up along with supply and demand speculation where the social drama and emotional decisions is the top piece of bread.

if your still after many conversations and many reminders and analogies only seeing the PRICE as a single number. and not the layers of what build up the price.
.. well its time you stop having conversations and start doing research