Bitcoin's Absolute Price Floor?

in #bitcoin • 6 years ago

In this video, we discuss the theory that the cost of electricity to mine new bitcoins can act as a floor for the market price. If it costs miners more to mine a coin than it's worth in the market, can the price really fall any lower?

This episode is sponsored by Americas Cardroom, the most trusted online poker site. Fund your account AND claim your winnings using your favorite cryptocurrency!

Make your first deposit using any cryptocurrency to get 200% deposit bonus.

US players welcome! Play TODAY: http://ow.ly/NEzd30guKzU

About the show: One Minute Crypto is among the fastest-paced bitcoin shows in the universe. We cover everything on blockchain technology: walkthroughs, tutorials, news, and more. Check us out at http://oneminutecrypto.com.

#cryptocurrency #trading #btc #mining
6 years ago in #bitcoin by
$0.05
  • Past Payouts $0.05, 0.00 TRX
  • - Author $0.04, 0.00 TRX
  • - Curators $0.01, 0.00 TRX
4 votes
Reply 1
Sort:  
  • Trending
    • [-]
     6 years ago 

    Since the BTC price is rigged, the power to be can manipulate it down to zero or to an astronomical level. Bearing this in mind, the best strategy is to accumulate more BTC and hodl.

    $0.00
      Reply

      Coin Marketplace

      STEEM 0.16
      TRX 0.15
      JST 0.027
      BTC 60244.17
      ETH 2333.72
      USDT 1.00
      SBD 2.47