Post
Topic
Board Speculation
Re: At what price would you buy 1 BTC ?
by
Eastwind
on 20/09/2014, 12:14:39 UTC
If the price of BTC is below the cost of 20-30% of miners, then it is the price to buy.
Care to elaborate on this.. I'm interested in what you're getting at.

That would be a point where miners shut their rig to cut loss, or you can say they are desperate. So the selling pressure from miners is lowered. That would indicate a short term bottom.