any guesses where monero bottoms?
When Bitcoin does and then it will increase faster than bitcoin. We apparently are still in a bubble and the BTC/BCH shitshow as well as the futures market are not helping matters at all. those "Institutional" investors have the capitol to make their own shorts self fulfilling. We were manipulated before but now with freely printed Fiat behind these institutions all control is lost on a macro scale.
any guesses where monero bottoms?
Long term seems Bitcoin is following 2014. Almost identical, since dates are similar. Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year. You can imagine where will Monero be. So there is your bottom. I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.
If you are asking in upcoming weeks, then it is ofcourse way higher.
isnt the cost to mine one bitcoin around 6,000? seems unlikely to me.
I thought the average is $3500, there is a chart around somewhere I think I saw it in the BTC Wall thread.