The bottom is at 1,5k

>muh 6k BTC

GTFO

Are you ready for the worst crash in the history of Bitcoin?

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>worst crash
>1.5k
>btc was 200 in 2015

you late adopters are adorable

>The value and price of things must be equal to their cost.

You're retarded user.

> -92.5% is not the worst crash in the current history of BTC

It's ok to be deluded but have some standards.

It could go lower than 1,5k with ease

It can but it won't. You 2k btc bears are just as retarded as the bulls who think stuff only goes up and panic with each slight correction.

cringe

Frankly I'm more concerned about this rumored $1 billion USD worth of btc that's supposedly moving around for the first time since Silk Road died.

Scared? You should, because cold hard data is saying Bitcoin isn't worth 7k for shit. Do you know what are those miners doing? They are dumping each and every BTC they catch, all of them. They mine with a cost of 1,5k and then they sell immediately at >6k

It's literally free money.

we didn't even hit 3k when a whole country banned bitcoin. you still have to buy rigs, change them out every few months when they fry, pay for cooling, yadayadayad. bitcoin also allows the rich to launder money without gold bars up their ass. utility>* in this case.

That happened during an already established bullrun, that's not the case anymore.

Yea, that's kind of the point of mining. They spend money to mine then sell btc to cover their costs.

You know crypto has gone to shit when people don't even respect (let alone understand) the economic benefits of a PoW mining based distribution.

Day of the rake and the leafs are raking us reeeeee

renkobro $1500 soon

pls how do I buy BTC with paypal or credit card without verification. I can do text verification. Nothing that includes ID/passport.

right because hash rate hasn't changed since January

it's doubled.

+equipment costs

easy $6k per btc for that canadian shitfarm

go ring up the owner, ask him.

Electricity is only part of the cost, the buildings and hardware aren't free.

Also taxes.

I've screencapped this so we can laugh at you when btc is 100k.

virwox

This guy gets it

Why would that company being able to mine bitcoins for cheap = crash?

The amount of newly mined bitcoins won't change. The difficulty will adjust so that it's a block every 10 minutes.

Did you not know that...?

Absolutely pathetic. Kek

Just go on Localbitcoins you moron. And pay cash, Holy fuck it's not hard.

>bitcoin.com

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