Bitcoin real value to me in 6 months is around $6400 on mining production cost after the halvening but with all the speculation, it will moon like usual. Who knows lol
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Bitcoin real value to me in 6 months is around $6400 on mining production cost after the halvening but with all the speculation, it will moon like usual. Who knows lol
How do you come up with that number?
Weird, my number is also $6400 from bitcoin doubling in value every year starting at $100 in 2013.
It's already been $6,400 this year ;)
And it can be again… just like when you load a spring. Then we’ll have another dizzying growth, and then bungee jump again… like in your hyperwave graph ;)
That corresponds with my longer term projection — see the red dotted line in the last graph:
https://steemit.com/bitcoin/@lighteye/bitkoin-khipertalas-ili-kako-ne-stradati-na-kriptovalutama
Text is in Serbian, and it explains that you can get real price of Bitcoin by simply connecting all the lowest points on the historical price graph. Everything above that (black line with red dots) is a speculative price.
It’s a hard number to come up with, currently it’s around $4500 on average for a miner to mine bitcoin depending on its location and energy cost. With the halvening coming in May, it should double somewhat.
When looking at assets if that what bitcoin is, I always look at the production cost like silver and gold. Can we see it dip to around $6400 this year give or take, I think so but it might be front ran around $7k for the pump toward 2020...
I’m just speculating like everyone else 😂
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?
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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