What if the Bitcoin Price Stays Below Production Cost?

they say: people are mining bitcoin.. nobody is mining! miners are buying bitcoin slightly more expensive – thats because they love crypto 😀

I like how you correlated the lack of youtube channel updates with the stagnation of the market. I am satisfied

if BTC is below cost price, and wanting hold, why mine it, why not just buy? doesnt make sense.

Just a quick question: What was the mining cost of Bitcoin when the price of bitcoin was say, $1,000.00?? How does that correlate to today's question of the mining cost Vs. the cost of Bitcoin?

IT is a PONZI.. Nothing backing it….Relies on more people buying in at higher and higher prices meanwhile the markets are rigged and there is 17 million BTC missing/ Where are the missing 17 million not being traded? No one is talking or asking because these videos are to sucker Americans out of money with the promise of vast fortunes .. Anyone see a problem with 6K for a worthless IDK really what it is good for… Making MIT and Chinese government rich?

What if we stay below production price? We HODL! Sell next moon, mine your crypto at zeropool.io

Bitcoin to 0 by end of November 2018. You heard here first.

Where's your accent from, fam?

I see bitcoin as you said. I see it as gold.

Check out http://www.artiqox.com

You cannot compare BTC's past performance with today. When BTC lost 80% of its value in 2013 or 2012 or 2011 – it had nearly 100% market share, it did not have full blocks, it had room to grow, adoption was growing, transaction fees were less than $0.02, it did not have the competition it has today from Bitcoin Cash (BCH) and other coins. So it recovered then multiplied in value on top. Today? The blocks are always full, businesses are dropping BTC, adoption is decreasing, we get transaction backlogs daily which increases fees to over $1. BTCs market share is hovering at 38%. Oh no, I would not be so confident that BTC will recover so quickly. Almost everyone in the BCH community was a HUGE bitcoin btc supporter. We put a lot of money and energy into the ecosystem. Now that we have moved to BCH – so has the money and the energy. BTC in my very humble opinion is actually worth very little, certainly less than $1,000 – and probably not too far from $0. What good is a currency that breaks the more you use it? Yes, a currency with $50 fees is broken.

Btc production cost is widely diverse, as high as $14k and as low as $500

https://en.insider.pro/infographics/2018-02-01/chart-day-cost-mine-1-bitcoin/

So I can argue very many miners will be on till price reaches approximately $2k

Nice location. You look thinner. What did you do to lose weight?

Hold your coins fuck the price right now

Yall have no idea what your True Value is, so you place your value in something that is valueless.
YOU ARE THE VALUE.

don't worry about the stripes, they make you look skinnier than you actually are but unfortunately it makes your head look fat

Watch the fight against cryptos step up over next few months especially as the financial markets are heading down the total collapse route and the powers that be most certainly wont want people heading into cryptos…. all gonna get very messy

thumbs up

Bitcoin has been a terrible investment

Cryptosometimes.

thanks I go all in btc,

Bro……. the opener is classic..lmao

Didn’t know you were a gooner! Had my eye on cashbet coin since Arsenal announced the partnership. Top 100 coin. The bet365 of the crypto space. One to watch for sure!

Damn wish I watched this before I got back but I was in crete all of last week! Looks like elounda behind you?

???

hey, r u ok? you owe us nothing but we care about you, we want to know if you're OK

MTC!

Haven't checked in on crypto since two months

It's only a store of value when it's going up in price.

feels like now is the time to scoop up some cheap mining rigs ($o$)/

I want to support your videos on Steem @Crypto Daily . I have some good amount of SP to send your way via upvotes