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.
Exactly. I don't think the day trading speculators have any clue what the cost of production is (they seem to consider lines on a chart and various other less important factors first).
How can the cost of production be calculated, it's a nice indicator to know the mid term value of bitcoins.
Post
Topic
BoardSpeculation
Re: Next boom within 3-4 months tops
by
asganauei
on 05/09/2014, 16:09:13 UTC
I didn't know that bitcoin users were only 4 - 5 millions in the world, we are still few and the potential growth is huge. Now I understand why someone says we are heading to millions for a btc.
That's a really strange issue, I have never read before about that, the only thing I would do is to contact armory support in the alternative clients subforum.