Billions of dollars have been spent on mining facilities and building power sources specifically for the mines.
And those billions of dollars created a temporary, pseudo cost of production floor of around $3k. Then after an extended bear market hits, many of them will go bankrupt like KNC did, and the temporary price floor will decrease lower. Best case scenario all miners mine at a loss and buy coins that go below their cost of production (not very plausible but whatever) and $3k floor holds. Worst case, more plausible scenario, lots of big miners go bankrupt like they've always done and price floor drops to something like $2k, $1k, or lower.
r0ach, your ‘expertise’ really would be much more suited to precious metals forums. Go forth & spread your wings!
You’ve done all you can do here!

Mic, I laughed (in a good way). Hey, not laughing at you, it will be me too

I nearly Merited him but decided not to

Oh, I am going to do one thing before I sign off for now. Since most people are off work/school today because it’s the weekend, and there should be more people on line than during the week and I have too much merit laying around, the next 5 people to respond to this thread get 30 merit.
Hello there!

Only 7 weeks late bro ha
