@btcrevel
Why should it stop at 2k-5k?
Yes at this value the next CYCLE might end, and the start of dipping for some months again, but no apparent reason why it should be the end. As long as things evolve like they do now, there is no worry. Market capitalization is still to small to stop at 5k$/BTC.
Minining centralization seems to be a problem that might be here for a couple of months to a few years, but for the long run it seems to be solvable (mainly because in decentralized way the heat produced by ASICS can be used at home for heating water for shower, ... so it just takes time for such new bitcoinHomeWaterHeatMiner and such products to be developed).
=> mining centralization needs to be addressed (SW changes that make centralization hard like 2Phase- ProofOfWork as well as products like MiningWater heaters), but things looks like this will be solved
"Mining water heaters" great idea. I was pondering the waste of energy this morning, did not get as far along the road as you. I was thinking along the lines of using mining for space heating and then coordinating who was mining to follow the winter around the globe. Totally impractical I know but it seems a shame to give up all that heat.
I am a bit of a global warming heretic, but I can see the energy used to secure Bitcoin through mining becoming one of the big issues going forward. Here in the UK the authorities are trying to price energy out of use through targets. Sounds like this may have started in USA. The energy spent through Bitcoin can not be seen as a positive in my view.
Oh and to the subject, The price seems fairly stable for the moment, I was hoping for a drop to buy more. I trade shares(stock) and have come to the conclusion that it is usually a waste of time spending too much time trying to analysis fundamentals. Technical analysis may be useful in the longer term.
