I did the math and bitcoin is worth approx $1100-$1400 based on the cost to mine one within a year's time...

i did the math and bitcoin is worth approximately 10x to 1000000x whatever i pay for it at any time that i buy in based on the price i want it to go to adjusted for averate returns of markets. you should buy around there and sell at higher prices.

markets do not allow people to print free money forever, which miners have been doing for the last year. as the ecosystem matures, mining profits will get more narrow.

Mining difficulty isn't based on the price, it's based on the hashing power. Show us the maths moron user.

you forgot to calculate the shit i dont give faggot.

Thank you. That’s the conclusion me and my people have come up with as well. Our valuation methods assume that btc is a store of value for energy, but that more innovation can be made in blockchain implementation with btc as a peg of some sort. But as you said, even established folks can use the tech. You are a smart man, sir. You will make it.

I did the math and bitcoin should cost 1 cent when I buy it and 1mil when I sell

why would you buy it there if it is fairly valued at that price? there would be no appreciation. you would have to buy under that number and sell at it

Welcome to the real world. What he’s saying that if it’s under that, buy. Over that, sell. You are correct in that nobody should buy above his stated target unless they are making a well informed momentum play.

Isn't labor theory of value obsolete? The cost to produce only concerns the producer, it can still be way above what market is willing to pay (based on the value users get from the product) deeming the whole thing unprofitable.

stay poor

because as we have seen, these markets can behave very irrational at times, so i'd buy at a fair price to hope to gain on the next wave of irrationality

just about anyone can be a producer though, there is no secret sauce here

i did the math and it turns out you are a faggot

It depends. The market is extremely efficient at finding value and self sustainment (lalalalala). We wouldn’t want the water, salt, or airlines people suddenly going kaput.

It's true that making specific good would cost others the same, but say the buyer has other means to that can realize his goal that are far cheaper than the good so it makes no sens for him to pay for or produce it. What matters for buyer is subjective value and business is only profitable if labor value is lower than that. That is why you have to look at boarder context when determinating price, not just cost to produce.

Adoption is a value by itself. Of course you could release a better coin than bitcoin and there are several doing things better already but none reach bitcoin because getting established is hard. Especially when people are committed to one with money.

This is further cemented by the fact that you buy all other coins over bitcoin instead of directly - so bitcoin is the gate which raises it's demand.

Brain damaged cunt Bitcoin will never go to below 3k ever again

You need to account for hardware you gigga nigger

> everybody did the math
> see no math expect a bunch of faggots

I did the math and it turns out OP is a massive faggot

>the conclusion me and my people have come up with as well.

Your plastic waifus are not registered financial advisers, user.

Nice sunk cost fallacy there dude. Just because you spent money creating something doesn't automatically mean that it has any value.

i did the math and this sounds fake and gay

i plan to start nibbling there tbqh, as the next halving and public's premium could be worth around that much, not to mention lack of efficient mining resources currently available

He did.

OP is a massive faggot claims he did some bullshit math without giving and evidence. Go fuck yourself

>I did the math and a swimming pool full of AIDS blood is worth approx $3000 based on the cost to extract that much blood from AIDS patients, adjusted for 7% average returns of markets.

heads up op it's not the production cost that determines the amount people are willing to pay for something

Interesting metaphor. Thanks.

so what I'm hearing is that, if it falls below $1100-$1400, then bitcoin is actually finished

Cunningham's Law states "the best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer." Too bad for OP nobody here knows the answer anyway,

Yes, but the eternal question: is it diamonds, or semiconductors? What’s the assumption?

did the math based in iceland and ukraine eletricity costs, and actually the correct price is around $ 1800-2300, considering average returns of 10%

I mean, most people I’ve seen seem to be saying $1-2k is the floor

>antminer s9 price is 4000$
>lasts 1 year
>he did
>most people pay 0.2$kw

If miners don't see profitable to mine it we may get stuck on a block that's too hard to solve and shit's fucked.

You mean the price BCH has been at for months?

Cost of mining is fiat based. The price of bitcoin incentives/discentivises the miners, not the other way round.

>Implying that the coins value should only be derived from the cost of mining.
The whole point is decentralization and its potential value. All this energy talk about crypto is trivial.

BUMP FOR JUSTICE

Hold on.
Doesn't this math only work if you assume the miner already has the established infrastructure and just needs to "flip the switch" to get going?
With the massive GPU / ASIC shortage and increasing demand from pc builders and all other consumer demand who have all been cucked out of buying pc parts for the past 14 months I'd put the cost a fair amount higher than $1100. Something in the range of $4,000 sounds a lot more reasonable.

I did the math and it turns out the iPhone X costs only 99$, don't overpay fellas.

That’s assuming that it has intrisinic worth greater than its production costs.

If it costs 1 million dollars to extract an $100,000 deposit of gold no one is going to do it. As the price of gold is not determine by its supply costs but rather the demand for the product and its usefulness.

Thus you would actually have to calculate the benefits of using bitcoin to purchase goods.

I did the math and youre mom gay

I've done the math enough to know the dangers of our second guessing.

I did the math and I'm buying 10 gpus

The only thing that matters is supply and demand.

Who gives a shit if it costs $1,200 to mine if only 1,800 Bitcoins are made that day? You still have everyone else fighting over the remaining 15 million existing ones. The ones who mined for cheap just got lucky.

this

if it costs $99 to make I aint paying for it a cent more

>just bought 100k
Thanks user!