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RE: Bitcoin was NOT in a bubble – the 2017 rise and the 2018 consolidation (Chaos Monitaur–34)

in #bitcoin6 years ago

Dear @majes.tytyty, you point is very interesting, is true that if it was just a bubble, now we could see a BTC value less than 1000 usd, but due to it have some strong interest to many important hide people, they are keeping it on a controlled value, just to be not minable easily.
You know, mining BTC was very profitable when it value was over 10k usd, now it isn't, so who have the major of BTC want to keep the ownership. This is my opinion, maybe i am wrong, but is true that now BTC mining is completely decayand the few BTC remining to be mined are too expensive in order of power energy consumption. So the only thing to do is try to get natural energy like sun or wind to make again mining profitable and i am studing about it...:))

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Yes, the mining costs are an important consideration. But, if it gets more expensive to mine, that cost will be reflected in the price, at least to a certain extent. That's part of the beauty of the coin.