URGENT, Bitcoin is on the verge of collapse !!!

[slapper]

Yes, take out the URGENT from the topic, and this guy has been providing some good statistics. The URGENT thing appears like FUD and clearly his English could be better for someone who seems to be giving financial statistics.

Sorry I don't want to be Gangcoined here, but retorts that back themselves with stats in favor of Bitcoin would go much further than simple dismissals and mockery.

[Cluster2k]

The current ASIC technology mines at 7W per GH/s (ref: https://tradeblock.com/mining).  The current Bitcoin hashrate is about 43 million GH/s, which is 7W x 43M = 300 MW (BTW: 300MW is a f**ng huge power plant - 1/3 of a nuclear plant).  Now, 300 MW x 24h = 7.22 GWh.  7.22GWh at $0.15 per kWh, (or $150 per MWh, or $150 000/GWh) = $1.083 Million per day in electricity.        

While retail electricity consumers may be paying US$0.15 per kWh (sometimes more), you can bet the large ASIC farms are located in areas with some of the cheapest electricity on the planet and with nice wholesale rates to boot.  I would be surprised if the farmers were paying a lot more than US$0.05 per kWh.

[ph111]

Please stop spreading your FUD. You act like you WANT it to crash when you post junk like this.

It is not FUD, it is true and reality,
how is the mining factor smaller, Bitcoin is near death, before I explained why this is so.
And I not want to crash bitcoin price, because for me, Bitcoin has no value,
or for me the whole Bitcoin economy is not worth even one U.S. dollar.

Bitcoin is not the currency, not the economy, Bitcoin is a toy for children fun.

Your valuation of Bitcoin is irrational because so many businesses and people use Bitcoin and it is useful in so many ways; let me give you one : international transfer of wealth and savings that you control without third party risk

You don't have ANY bitcoins?

I not have bitcoin,  I have VISA card and much money in my bank account,

Do you still have your Visa or do you need bitcoin now is your Visa still working ?

You must understand manipulation teqniques and corruption right isn't that what's happening here with the Bitcoin price ?

[raganius]

Please stop spreading your FUD. You act like you WANT it to crash when you post junk like this.

It is not FUD, it is true and reality,
how is the mining factor smaller, Bitcoin is near death, before I explained why this is so.
And I not want to crash bitcoin price, because for me, Bitcoin has no value,
or for me the whole Bitcoin economy is not worth even one U.S. dollar.

Bitcoin is not the currency, not the economy, Bitcoin is a toy for children fun.

Your valuation of Bitcoin is irrational because so many businesses and people use Bitcoin and it is useful in so many ways; let me give you one : international transfer of wealth and savings that you control without third party risk

You don't have ANY bitcoins?

I not have bitcoin,  I have VISA card and much money in my bank account,

Do you still have your Visa or do you need bitcoin now is your Visa still working ?

You must understand manipulation teqniques and corruption right isn't that what's happening here with the Bitcoin price ?

... in other words: "Please, sell, sell, SELL!

(I want to buy them cheap)"

[greenteanosugar]

I think it's not the time for Bitcin to collapse ! I am pretty much sure this will happen but not now! if there would be a collapse that would be a huge one and Btc is not big enough so it's too early for collapse

[knightcoin]

I think it's not the time for Bitcin to collapse ! I am pretty much sure this will happen but not now! if there would be a collapse that would be a huge one and Btc is not big enough so it's too early for collapse

- sha --

signed out

[igorr]

if the my money would lose 5% of the  one year, it would be a disaster, and I can not accept it.
Because I have yuan, eur, and chf at my bank account.
For bitcoin is normal to lose 30% per day, that's crazy,
and Bitcoin is not money and never will be money.

Please stop spreading your FUD. You act like you WANT it to crash when you post junk like this.

It is not FUD, it is true and reality,
how is the mining factor smaller, Bitcoin is near death, before I explained why this is so.
And I not want to crash bitcoin price, because for me, Bitcoin has no value,
or for me the whole Bitcoin economy is not worth even one U.S. dollar.

Bitcoin is not the currency, not the economy, Bitcoin is a toy for children fun.

Your valuation of Bitcoin is irrational because so many businesses and people use Bitcoin and it is useful in so many ways; let me give you one : international transfer of wealth and savings that you control without third party risk

You don't have ANY bitcoins?

I not have bitcoin,  I have VISA card and much money in my bank account,

Do you still have your Visa or do you need bitcoin now is your Visa still working ?

You must understand manipulation teqniques and corruption right isn't that what's happening here with the Bitcoin price ?

Yes my VISA still working, or my UnionPay card also perfect working.

[Cluster2k]

Commercial/Industrial rates do usually have a smaller price per kWh - because that is not the driving factor for them (on the utility stand-point).  They have an additional cost that residential customer don't have:  Peak power rates.  Which represents, most of the times, 2/3 of the bill. Where a fix rate per kW (not kwh) is applied on the peak kW (most often, MW) that occurred during the month, multiplied by 30 days.  At the end, it always comes up to be  more expensive than residential rates.  For a good reason, the grid has to be able to maintain a network that can provide the peak MW demand for those industries.  With most regulated utilities, Commercial/Industrial rates subsidize the residential rates.

Where I am businesses have a choice in regards to power availability: pay a premium for guaranteed supply whether it's peak or not, or pay much less with the understanding that on a very hot day when everyone is running their air conditioning they will be the first to be cut off.  These days are pretty rare but many businesses can't afford to be offline for 10 or 20 days a year.  A bitcoin mining operation can in exchange for much lower power prices for the other 350 or so days.

[ph111]

You must understand manipulation teqniques and corruption right isn't that what's happening here with the Bitcoin price ?

[igorr]

$440 USD at Bitstamp !!!

View Screen Capture

[igorr]

Check technical aanalysis:
https://www.youtube.com/watch?v=HKUygyi7apQ&feature=youtu.be

I explained the fundamental analysis, before two months.

[Easy2Mine]

@OP Post your wallet address for donations for this wonderfull info.

[igorr]

@OP Post your wallet address for donations for this wonderfull info.

thank you, but I do not need any donations.
I have so far earned $ 350,000 usd for only 1 year.

[Easy2Mine]

You are very clever.
I already caught a lot doomsday talkers by anylizing their BTC wallet.
They loose a lot of money, but pretend the oposite.
I don't believe you made 350 thousend this year, with your transaction history you could have proof you talk the truth.

[igorr]

You are very clever.
I already caught a lot doomsday talkers by anylizing their BTC wallet.
They loose a lot of money, but pretend the oposite.
I don't believe you made 350 thousend this year, with your transaction history you could have proof you talk the truth.

I say, from mart 2013 year until today.

[alfabitcoin]

You are very clever.
I already caught a lot doomsday talkers by anylizing their BTC wallet.
They loose a lot of money, but pretend the oposite.
I don't believe you made 350 thousend this year, with your transaction history you could have proof you talk the truth.

I say, from mart 2013 year until today.

I thought you left bitcoin world. You have as you said, have zero btc and think wil die. Ok, that is your opinion, but what you are still doing here and what you want to achive? You have nothing else to do then to fud bitcoin while in the same time you think is worthless and doomed. It seems that you are very much involved in the btc, your post prooves that even you act that its not.

[igorr]

My defintion of "Soon" is about 6 month or max 1 year, bitcoin will go to 4-5 usd.

Again, you are full of ..it.  NO THEY WON'T!

Because I will buy them at $6.

It has long been known,

Before 4 months, 99% of people said, If the bitcoin price falls to 900 usd,"I will buy all"
Where are these people ?
Why are they lying ?

These people they took a lot of money and go to another job (billions of dollars),
Now these people are not interested in bitcoin.

Lol that's not true

The old lie
If bitcoin falls to X, "I will buy all"  !!!

[igorr]

You are very clever.
I already caught a lot doomsday talkers by anylizing their BTC wallet.
They loose a lot of money, but pretend the oposite.
I don't believe you made 350 thousend this year, with your transaction history you could have proof you talk the truth.

I say, from mart 2013 year until today.

I thought you left bitcoin world. You have as you said, have zero btc and think wil die. Ok, that is your opinion, but what you are still doing here and what you want to achive? You have nothing else to do then to fud bitcoin while in the same time you think is worthless and doomed. It seems that you are very much involved in the btc, your post prooves that even you act that its not.

I have zero bitcoins, but I have a lot money on my metatrader account ! So.........

[DustyRah]

@OP Post your wallet address for donations for this wonderfull info.

thank you, but I do not need any donations.
I have so far earned $ 350,000 usd for only 1 year.

ha ha, then what are you doing here? Oh wait, boasting about your predictions and earnings...yup I forgot~

[alfabitcoin]

You are very clever.
I already caught a lot doomsday talkers by anylizing their BTC wallet.
They loose a lot of money, but pretend the oposite.
I don't believe you made 350 thousend this year, with your transaction history you could have proof you talk the truth.

I say, from mart 2013 year until today.

I thought you left bitcoin world. You have as you said, have zero btc and think wil die. Ok, that is your opinion, but what you are still doing here and what you want to achive? You have nothing else to do then to fud bitcoin while in the same time you think is worthless and doomed. It seems that you are very much involved in the btc, your post prooves that even you act that its not.

I have zero bitcoins, but I have a lot money on my metatrader account ! So.........

Ok, then do not trade any pair with btc, and that will solve your problems. Why you waste your time here saying same all the time.
Beside, metatrader is trading platform where you can have account on many brokers, naimly forex. Go and trade forex and leave btc world.