You are viewing a single comment's thread from:
RE: The Real Cause of The Cryptocurrency Market Boom & Bust (2016-2018)
Thanks for this, it does seem there is room left to fall. Historically, this crash is really not that bad.
Thanks for this, it does seem there is room left to fall. Historically, this crash is really not that bad.
this one is from May/June this year but electricity, hw, labor costs didn't move so much in the mean time. Yes of course, price = demand/supply and value = knowledge but there is also: cost = scarcity = value. All this forms quite an objective circuit :) ... sooo ... China >80% of the hash, and probably as much as the stash and the cash. Of crypto. This shows the bottom around $3500-4000 currently. Yes it is possible to burrow under it for a while but it is exactly like in gold mining the price gravitates around the averaged over the market cost of production. MR = MC. I'll write soon some on these. ...
This is brilliant, thanks. I actually included this same exact infographic in a white paper for a mining startup earlier this year. It's interesting stuff to take into consideration, really important for the community. I will follow you for sure.
Crypto has always been this, huge volatility up and down, one couldn't exist without the other.
I wouldn't be surprised to see bitcoin at 3k eventually and after that slow, slow climb until it catches attention of the masses again and it'll make new highs, but I'd say there's only one such cycle left as the tech finally hits mainstream usage and people know the tech is here to stay just like internet.