5 ms·
why a floor of $13k? The floor is clearly $0
by efficax 4y ago
why a floor of $13k? The floor is clearly $0
- seanhunter 4y agoThis. The cost of production is irrelevant for something unless there is demand, although what they may be saying is that at around 13k the sellers will simply disappear so liquidity will be zero and the price will sort of stop at that point.
- sdze 4y agoGreater Fool Theory. Why would anybody invest in a „security“ with no IRR.
- shapefrog 4y agoIt is a poor summary of a commentary piece, but even from that perspective the reader can deduce the model they are using for the purpose of determining a short term floor. Its cited in the piece - Hayes 2018. Bitcoin price and its marginal cost of production: support for a fundamental value - https://arxiv.org/pdf/1805.07610.pdf https://arxiv.org/pdf/1805.07610.pdf
- PubliusMI 4y ago