You have to laugh, when you see all these Nay sayers, cherrie picking certian things, to bash the currency.... When it was $1000+ they were the same people, singing it's praise's.

Let's digest 2014

1. it was the year, where HUGE companies like DELL / Microsoft and atleast 5000 smaller merchants in only Taiwon, adopted Bitcoin.
2. Huge amounts of Fed coins were put back into circulation, when it was sold on auction. {Some are kept in storage}
3. Miners are dumping almost ALL coins back on exchanges to be converted to fiat to pay for electricity costs etc.

So the situation now, is this :

We have HUGE amounts of coins being sold for fiat, more than previous years. {Merchants like Dell / Microsoft is definately not hoarding coins}
We have coins being brought back into circulation, which was previously hoarded. {Hoarders buying products from these NEW merchants coming in}
We have Fed coins, perceived as being back in circulation. {Previously, the Fed protected those coins and it was not availlable to the public}
We have a higher percentage of coins being converted to fiat from the miners side. {As the price goes down, they have to sell more coins to pay for the electricity}

The result :

There are more coins availlable, and this push the price down.

The solution :

1. Merchants should hoard some coins, and not convert everything directly to fiat {In the long run, this will increase their profits}
2. People buying coins from the Fed autions, should see this as a long term investment and slowly put them back into circulation.
3. Most difficult option - Miners will have to find ways to reduce the amount of coins, they put into circulation. {What they are forced to do now, will even hurt them more, in the future}

I have included the two requested sheets in the document.

$200 USD @ $0.13 kwh


$200 USD @ $0.10 kwh


Shared document link. There is dedicated sheets for each hardware type and estimated difficulty return.

https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing

When BTC price finally hits zero => no taxes at all => everyone buys mining gear => hashrate explodes
You guys are logicians IRL, amirite?

What can this mean for the Bitcoin network??

unlikely it will drop like that. The cloudmining contracts might end, but the hardware will still exist. It may likely just be used for CEX's private mining.

I expect a 0% diff change because a lot of 1w+/gh gear will shut off but be replaced by newer S5/SP20 gear

suspending cloud mining doesn't necesserily mean that they stop mining internally, does it ?

But Max Keiser told me that my coins would be worth 1 million dollars by now

No, I think it'll skip $300 and shoot right up.

 

Price is up, next stop $100,000!!!

Here's the question- where do I SELL my coins? I've got a significant portion on Bitstamp,but I'm not verified at Kraken yet, and like hell I'm willing to put more coins INTO bitstamp. :-)