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RE: BTC - Return to the mean signaling a lift off is imminent?

in #bitcoin6 years ago (edited)

Yea, I am curious where you came up with that $4,500 number as it varies wildly depending on what part of the world you are in. Even using that number, which is on the low side from everything I have read, the cost to mine would jump significantly above that $6,400 number post halving, no?

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It was an old average number a year ago, could be around $5000 now but it’s a guess and some calculation research from lots of articles.

Also institutions want to buy bitcoin lower and there time may come shorty so they can sell high in 2020.

My estimate would suggest it will cost like $7000-$8000 to mine bitcoin after the halvening. But what do I know, I’m just a STEEMIAN lol

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