"6k is the bottom"

we are going to negative $100,000

The financial acumen of a naive teenager.

if the price of btc drops below 6k then some miners will turn off their rigs making the difficulty and cost of production lower

>Depends if everyone else needs 6k to dig a whole. For yourself the hole would be worth 6k, but luckily we have got something like demand and supply, you fucking retarded idiot

Please tell me: for what do you need a Bitcoin?
To buy something with it?
To eat it?
To have it hold up a book in the shelf?
To make it look pretty on your wall?

Or do you simply want to sell it to the next potato?

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That's completly right, so far we haven't dropped below 6k, because the miners don't wanna let it...i don't care what's possible, right now it is 6k cost. Otherwise i would short gold right now because of the imminent astorid mining.

Stop it, guys.
I cannot hold my shit anymore.
I almost believe you.

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I can almost guarantee 30% of those coins were rinsed by a single guy. Never try to do anything nice kids.

Right now the demand is mostly speculation wether you like it or not. People are willing to pay 6.x for a BTC. That's what demand and supply is.

Same goes for every good in the fucking world. People are willing to pay X to recieve Y. The reason why people are willing to pay X amount is redudant for this equation.

can we go up now

Not until you sell.

Is this theymos

i'm not going to sell at this price, i'm just getting bored

>asteroid mining imminent
This board's imbiciles, ohhh my sides.

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What do you need Gold for?

you were correct until the asteroid meme

For nothing, except a friction of the supply for jewlery, nevertheless people are willing to pay 1.3k per ounce.

Only black brainlets and pajeets left on Jow Forums

Here's a secret: Gold has the exact same problem.

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>t. I don't understand 101 supply and demand
>there is a problem

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Sad thing is, Gavin isn't rich today. He spent it all.

yeah I feel so bad for this guy
holy shit
he seems like a really nice guy too and he has a family. strong man for not roping

checked. got my first bitcoins from based Gavin's faucet.

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I agree with 4K, I'm not sure when and I'm also almost convinced there will be at least a couple of hours of very special discounts.

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also,

Even if what user says is true, many commodities fall below the cost of production short term, there are no hard rules about this

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link for article?

Meddl

>Right now the demand is mostly speculation
Ffs, speculation is not lasting demand, this bullshit is exactly what brought us the dotcom and the subprime crisis, which is the reason why we have bitcoin in the first place.

Gehaided wird net!

It has at least a small insignificant use in the industry and in the end, it might even serve as a paperweight or can make my garden look nice and shiny.

If I own one bitcoin, it cannot even hold down my papers!

that fucking ID and color

Yeah, but if there's one thing I know about Chinese it's that they are ruthlessly defensive of their shortterm profits and shortcuts. It's just not in their culture whatsoever to do something at a loss for future profit.

Jewelry, processors and electronics, medical equipment, synthetic transplants, satellites and aerospace-related machinery in general, catalytic converters, reserve banking, climate-controlled windows, art and architecture etc

>P wjoc
>Id color

RIP

"Segwit Core always has highs and lows, ups and downs in US dollar price valuation. Bitcoin Cash, however, is much less volatile and, when Qubic is released, it will remain at a stable $1,000 price point, further making it the ideal cryptocurrency." -Roger Veer

Good luck with finding ya boi.
He knows once his identity is out, he'll get assassinated.
Probably hasn't had a proper sleep in years hahaha

>you are are the only nerdy white kid on Jow Forums