Post
Topic
Board Speculation
Re: It'll be insanity not to buy bitcoin at sub $500
by
JerryCurlzzz
on 02/09/2014, 18:18:10 UTC
Actual production cost of one single bicoin is aroundt $530-$550. Any price below $500 is a steal. Buy now or regret years later. With difficulty ever increasing miners are getting screwed now cause anyone mining now is running at a loss.

What if they just end up running at a loss for some time..... and price doesn't recover? Then hash rate drops.... despair sets in.... just saying.