What is the base line for Bitcoin. is it already on base line or will it come further down. We see a strong resistance at this level.
RE: Bitcoin Worthless? Think Twice.
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Bitcoin Worthless? Think Twice.
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Take a look at this > https://www.marketwatch.com/story/heres-how-much-it-costs-to-mine-a-single-bitcoin-in-your-country-2018-03-06 . As you can see (taking out the extremes), the cost of mining for 1BTC is 4-6K $, which means going much lower that 5K shouldn't be possible or most will stop mining.
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