Yes, mining Bitcoin is still profitable - based on the mining hardware hashrate of TH/s, electricity costs, and pool / maintenance fees provided. While, mining Bitcoin is still profitable as of right now Mining profitability can change very quickly. Find out what your expected return is depending on your hash rate and electricity cost. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero. Do you think you've got what it takes to join the tough world of cryptocurrency mining? If the price of a Bitcoin goes up 50% to USD $30, each, then your BTC has also increased by 50%, thereby valuing your BTC at a great USD $1, You would get a profit of USD $ if you sold all your BTC and cashed-out your investment. (See also: Bitcoin vs Alt Coins Returns: Comparison of Gains Between Bitcoin & Altcoins Investing).
Count bitcoin profitCryptocurrency Accounting Guide: How Do I Calculate My Crypto Gains? - Master The Crypto
One has to understand the concepts of elasticity, demand and supply, and scarcity. People are willing to buy Bitcoins and invest in them - one of the biggest reasons for the same is because of the scarcity factor. You can almost compare Bitcoins to gold in this aspect - Gold is a scarce resource and people are willing to invest in it and hold it.
Gold is sold off to get cash and if a large amount of gold is sold off - the price of gold falls in the international markets. Bitcoin functions in a similar manner. The higher the demand the higher the price.
Elasticity: Price elasticity of Bitcoins is quite high. This means that a little drop in the price of Bitcoins could result in a large number of people buying Bitcoins. This is why dips are always followed by periods of rapid price gain. People want to capitalize on the low prices and buy in large numbers.
These are the major factors which determine the price of Bitcoins and are a result of the high volatility. Bitcoin News : News matters a lot too.
Many times it is positive and many times it is negative. Also if you are looking for what will be the future price of bitcoin? Join our mailing list to get regular Blockchain and Cryptocurrency updates.
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