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.
It seems like the market doesn't agree with you. BTC has been way below 500 for several days now. There's more selling than buying going on. We'll be in the three hundreds a month from now.