So how much further does bitcoin have to drop before miners start losing money paying for the extremely high electrical costs of mining each of these ???
Hoi, who is/was one of the believers, wrote this:Mining one coin will never cost more than the price of the coin itself (it will auto adjust to about 25% to be profitable... We see mining cost go up constantly and prices of bitcoins going down, so they don't "adjust to about 25%". One mythe that has been exposed. If the statement of Hoi would be correct prices of bitcoin should go only up as mining cost is only going up. Mining cost did not go down 60% like the bitcoin did.
All these idiots who bought in december lost so much they are not motivated anymore to get in again. At least those who still survive. There is no canonmeat anymore.
Yep, that long term chart is looking EXACTLY as would have been predicted. No one can tell how high these 2lips will go because its hard to get a true count of the number of imbeciles with money. In this case the last moron bought at 20k Anyone you know?
Yep, manipulation of markets is real, or should I say the 'unethical and deceptive' manipulation of markets is real. There's nothing fair and equitable in politics and business, that's for sure!
So ethical manipulation is unreal? You wanted a free market, you got free manipulation. By the way selling is not manipulation.