Producing a single bitcoin now costs $4060 on average, but it is valued at less than $3500, according to an analysis by JPMorgan Chase… However, this will probably cause people to stop mining, making it easier and economically viable again.

Producing a single bitcoin now costs $  4060 on average, but it is valued at less than $  3500, according to an analysis by JPMorgan Chase... However, this will probably cause people to stop mining, making it easier and economically viable again. submitted by /u/Ta-me-Murchu
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Bitcoin – The Currency of the Internet

Tony Robbins Explains How Bitcoin Works to His 3 Million Followers. No single bank, government, company or individual owns the network or has control over it. This means that your accounts can never be frozen……

Tony Robbins Explains How Bitcoin Works to His 3 Million Followers. No single bank, government, company or individual owns the network or has control over it. This means that your accounts can never be frozen...... submitted by /u/Mike_Fans_Club
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Bitcoin – The Currency of the Internet

The flood of fud-trolls continues unabated on r/bitcoin. There is a serious effort by many dedicated trolls to keep posting fud in every single thread. I notice right away because I have them tagged. This can’t be just ‘casual’, somebody is paying good money for that.

My guess: The financial whales that are making hundreds of times the money they pay for that, by pushing the price down and shaking the weak masses out of their coins.

Just HODL, and keep accumulating. These bearish periods are exactly the best times to buy.

submitted by /u/simplelifestyle
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Bitcoin – The Currency of the Internet

For the price to remain the same, it means people (and institutions) are buying at least more than 12,000 BTC every single week.

I think many institutions are buying quietly before the next rally and before the next halving:

http://www.bitcoinblockhalf.com/

This is a great time to accumulate. The upside potential overweighs many times any downside risk. And with the stock market peaking, more money will start flowing into Bitcoin.

submitted by /u/simplelifestyle
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Bitcoin – The Currency of the Internet