What u guys can't get through your heads is that mining and speculation drove btc up. The market became flooded by miners paying for bills and converting coin into cash. That combined with never ending bad news and scamming drove the price down and now that mining is not profitable there is no demand. Everyone keeps saying "oh it's just because all the merchants are turning coin into cash" that is BULLSHIT. Nobody wants to hold coin and everyone wants and needs cash to survive. The concept of bitcoin is great but it is in a downward spiral. I am sure it may rally again on a "sucker rally" but it will NEVER see the 1K highs again until there is regulation that holds businesses accountable and gives the sender some recourse.

AND any cloud mining right now is pure PONZI. Unless you have free electric, free mining equip and free space, your at a loss.