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A comment on Bitcoin falls 12.1% to $23,366; Ether dropped 13.62% to $1,237.72. Parent comment

Re:Bitcoin falls 12.1% to $23,366; Ether dropped 13.62% to $... by BoiledCabbage on Tuesday June 14, 2022 @09:40AM (#31739318)
> The value at minimum in my opinion has to be what it costs to mine each coin.

Why so? If it costs me 100k to make a ball of lint, does the cost to make give that lint a minimum value of 100k?

Or if I mined bitcoon for $X, the whole market is crashing and I have a way out that let's me recoup 85% of $X instead of losing everything why wouldn't anyone take that?

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Re:Bitcoin falls 12.1% to $23,366; Ether dropped 13.62% to $... by giancarlostoro on Tuesday June 14, 2022 @05:35PM (#31746378)
I am merely proposing a ballpark ideal price for a coin, to justify it being 100k if you will, does that make sense? I think I didn't word it rightly.
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