I wonder if OP is still hodling.

And now back above $94 USD. Back and forth pendulum. FUD is fighting with FOMO. 

It's a double edged sword. If crypto becomes stable enough to use as daily currency then the giant swings and fortunes are finished and the bankers will be fully in control. If no one ever uses it as daily currency it just becomes another penny stock kind of investment vehicle subject to the whims and manipulation of big pockets, and then the bankers are in control again. Must be nice to be a top banker.

At this point I'd love to see it all drop even more.

Could be dead/lost accounts that have been hacked too, you never know. I wouldn't read too much into the movements of large amounts other than you can be guaranteed it is motivated by self interest and not some altruistic notion of a crypto utopia.

Threads like this make me wonder if in 100 years there will be an official Crypto religion, with incense and observed holidays where the practitioners tithe 1 satoshi to the memory of their lost bitcoin addresses. So sayeth Satoshi, on the 8th blockchain confirmation thou shalt have thy good fortune.

No one can time the bottom, it's almost never where the predictions place it.

If you believe in the tech and a recovery then the smart strategy is to buy at regular intervals in small chunks. If you normally spend $1000 every 6 months split that into 12 bi-weekly buys of $83 for example. You may not have the lottery-like huge gains as if you had timed the market bottom perfectly but no one does that anyway without illegal insider information and you don't want to catch a falling knife by betting it all on a single price point.

Be disciplined, none of this is hard to understand especially for most of the tech savvy people interested in crypto. If you are emotional about your investments you are investing too much money. There are no shortcuts in life, learn to love that instead of fighting against it.

When everyone starts thinking like this you can bet the bottom is in. That's when the real capitulation happens. Followed by the crying of the sellers and laughing of the buyers.

+1. A legitimate ICO would immediately convert their Eth/Btc raised funds into fiat for stability while they actually use the money for working on the project. So very few did that as they were/are really just scammy investment vehicles for the owners who never had much intention of completing anything.

It's still looking for it. Might be awhile. Grab some popcorn and enjoy the capitulation.

I don't know why people are so excited about a crypto futures market, just seems like a way for institutional investors to short the market and screw it all up like they do everything else. I'd rather see NASCAR get involved than NASDAQ.

He also said it's time to buy at that point and that the world's best and brightest PhDs and computer scientists are working on blockchain and you'd be a fool to bet against them.

Trading is pure entertainment for the fee collectors who make bank on each and every transaction. Not so much for the typical day trader who, mostly non-professional, tends to lose over the long term when compared with hodlers.

Staying power requires adoption. Eth still has a far better chance at it than any other coin except bitcoin. But yes if the Eth team doesn't capitalize on their early lead they will eventually go away.

Actual analysis in a technical sense is very important. "Technical Analysis" the way it is sold by the financial gurus is nothing more than astrology dressed up in a suit.

That spreadsheet entry is extremely important, I think you are missing the value there.
https://hackernoon.com/why-everyone-missed-the-most-important-invention-in-the-last-500-years-c90b0151c169
https://www.quora.com/What-is-Triple-Ledger-Accounting

They are setup about as well as can be expected, overclocked for good performance but not so much so that I have frequent crashes. I've got a mix of NVidia and AMD on a few machines, running windows, pretty stable overall.

It's just that the crash of the Eth price has put the cost of getting each 0.11 Eth right at that line of energy costs. And that's after having shopped for the best energy prices available in my region. Like I said, I can run this way with no worry as long as price recovers in the mid term. If not then I'll just write off the costs as a bad investment.

So I think for newbies they absolutely need to pay attention to the total costs of running rigs and weigh if that is worth their time vs. just investing directly in Eth or whatever coins they like via fiat. I would say a good rule of thumb is to expect about 80% of the performance advertised by those mining calculator websites, due to downtime, reboots, messing with the setups/overclocking, invalid/rejected shares, your service provider having bad connection speeds from time to time, etc. Then use that number and add up the cost of your equipment, the cost of energy, and how much time you are willing/able to devote to learning and maintaining.

There are definitely fewer people mining these days, you can see that just from the GPU's that have flooded the market at a fraction of the cost they would have been a year ago. If Eth recovers all those GPU's will disappear and rise in price again though.

It's a calculated risk, and that's why it's really up to each person to weigh their own tolerance and situation.

What's the objective value of a secure triple ledger system with worldwide adoption?

Of course they will regulate it. The crypto space won't be allowed to regulate itself. Not until the bankers get their hooks in it, then they will regulate it by lobbying politicians so it seems gov't is regulating it but in reality it's the power players in the financial industry that are really making the rules. As it has been so it shall be.

Just because mining is not profitable now doesn't mean it won't be in the future.

Or it may never be again, who knows. Point being is that you may not like xxcsu's delivery but he/she isn't far from the truth there. I'm still mining Eth but it costs me more to mine it that I make right now.

If, as I base my strategy on, Eth prices recover then all that mining I did under water will suddenly be profitable.

It's an investment. It may not work out but I'm not pegging my mining yes/no decisions on the current market but rather on the market I expect there to be in the future.