it doesn't really matter how much it costs to mine. like any business, miners can be wrong about their investment and go bankrupt. miners can continue driving difficulty upwards and therefore the cost of mining too, but they make no direct investment into BTC. since they aren't buying BTC, it doesn't drive the price upwards.

at most, miners can withhold whatever coins they can afford to from the market supply. but in the end, they need to cover their overheads. so the price hinges on market demand. miners' costs don't matter---unprofitable miners just get squeezed out of the market. just like losing investors and failing business owners.

There are huge mining farms in the USA that have half that electricity cost.  I personally have a cost of slightly less than 0.10/kwh.  Bitmain certainly doesn't have a cost that high.  You're averaging USA electrical costs and coming up with a number that btc should be valued at?  We are not the only country in the world that is mining crypto. 

All of that aside ... I would never sell my btc at 12k.  The majority of the btc that I hold will not be sold under 50k.  It can either reach those levels or I'll watch it go to zero while I continue to hold.  I don't care if it takes 3-5-7-10 years to get to the point at which I would sell, I will wait or I will watch it go to zero.

I find it unbelievable how some people have great difficulty understanding that the world is bigger than the bubble they live in. The cost is this for a certain location, for others it is much smaller. Many times electricity costs are 10% of this value in China.

This is advantage of being a decentralized and universal asset.

I got into the bitcoin again last year after losing all my 4.5 bitcoins to ponzi schemes early last year. I bought in bitcoin again at $20k. Now bitcoin is $6k+.  I'm regretting my actions.  

Bitcoin ETF reached the US SEC office again. CBOE, VanEck and SolidX, the co-applicants this time, individually had faced rejection before. Still, the applicants and a lot of people having a close eye over this event, believe this time SEC’s stance could change.This application was not the first attempt to reach the SEC. It had been rejected before. The applicants too weren’t new to this.


Why were the previous application rejected?

Read more: https://medium.com/coingape/bitcoin-etf-debate-why-sec-might-approve-the-cboes-bitcoin-etf-proposal-acad050effe3

In my opinion, Refereum has maintain a decent market cap of $9,049,617 USD in spite of the lowest decline of all altcoin marketcaps. It wouldn't be hard to regain near ATH.

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Because Bitcoin is dropping. It's dropping due to loss of interest to it. Newbies are not buying it because of the price and hard mining. Also it hasn't changed at all since it was invented. Investors prefer coins that develop and become more advanced over the time.

The roadmap can be found here https://refereum.com/About (if you scroll to the middle of the page approximately) also have whitepaper https://refereum.com/info/whitepaper.

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

When it comes to exchange dominance it's just 66.4%.

This trend will probably continue and in a few years there will be people using cryptocurrencies that do not know what bitcoin is.

When the price of a commodity drop with no reason, you should know that it is being manipulated. The reasons for this is quite simple, because a lot of people know this is a fake crash and they are going to make millions, when other people start to panic and start selling their coins at these low prices.

The secret to maximize your profits in this game is to buy coins at the lowest price possible and then again to sell at the highest price possible.

What do you do if people are hoarding their coins and refuse to sell? You simulate a fake crash by stockpiling your coins over a long period and then dumping those coins at once to trigger a small crash. You then buy back these coins at a lower price than what you bought them and wait for the market to recover.

This is what is happening now, because there is NO reason for this sudden drop in the price? Hold onto those coins as long as you can, because these greedy bastards will manipulate the markets to cause chaos and panic.

I suggest you read an interesting article Jeremy Rubin(Bitcoin Core Developer and technical consultant Stellar), it's called "The collapse of ETH is inevitable".  And so same the answer Vitalik Buterin on this article. This should add a little understanding to the situation.

OG Bitcoiners know!  




Dragon Den trolls incoming! Or does anyone even still look here??

what do you think is the real value of ETH ?

the only usage is for ICOs and they have been dying or losing their market at the very least as they either get banned or people simply stop trusting them anymore.

as for its supply, it is huge already. we have passed 101 million ether already and there is no max amount to it either. we will see it increase indefinitely.

in my opinion the real value of it is visible on ETC so ETH should also be wort the same or at least near that price which is why $50 was my choice.
what do you think?

Thank you for sharing this useful information with everyone.

bittrex is one of the top trades, I don't think it's possible that bittrex scam might be the problem that happened to you was your own fault or maybe a system error in general. As long as I use Bittrex I don't find any problems, and I'm comfortable using it