Quote from: fabiorem on June 27, 2018, 12:13:44 PM

Quote from: electronicash on June 27, 2018, 01:42:48 AM

Quote from: fabiorem on June 27, 2018, 01:35:39 AM

I also want some advice about ether. I have been checking the price on the last days, and it seems to be unpeging itself from bitcoin. Will it go up? What the charts do indicate?

I was going to buy bitcoin, but no way to do that, the price keeps falling and I think it will stay like that for months. So Im going to a altcoin, but most of them are pegged to bitcoin. Ether and ether classic seems to be the only ones going against the bearish waves. Is it a good time to buy?

eth is also falling. better yet turn your coins to usdt untl you see there are improvements going on. you buy lots of eth when one day you'll see it drops to 200$. there is just no way eth can make it to rise when bitcoin and cryptocurrencies are constantly pounded by fud and no regulations are finalized.

Yeah, but ether is not below its mining costs:

https://www.cryptocompare.com/mining/calculator/eth?HashingPower=20&HashingUnit=MH%2Fs&PowerConsumption=140&CostPerkWh=0.12&MiningPoolFee=1

Whereas bitcoin is:

https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4730&HashingUnit=GH%2Fs&PowerConsumption=1293&CostPerkWh=0.12&MiningPoolFee=1

Theres something fishy going on about bitcoin, something related to futures. Something like big mining companies making bets on it, employing hedge funds that make money on those markets, and then using this money to cover their mining costs. Something that will corner the market and make smaller companies go bankrupt, leading to mining centralization in the hands of a few.

I am not so sure how accurate these calculators are, I used them prior to (Cloud) Mining with Genesis and the returns were actually a fraction of what I calculated. But I agree that the decline in price makes no sense at the moment and some big players are probably pulling the triggers