RE: 12/4/2017 The Market View and Trading Outlook
No no argument to be had.. though I would take the $450 ETH which is 9 percent cheaper than the $500 or $9000 on a $100,000 trade. I'm a buy low, sell high, rebuy low type. Instead of taking the long road up 50 percent, I'll catch the many 5 or 10 percent dips along the way and when we finally get to the 50 in reality I am at 100 or better; although likely 75..
In regards to the environment, the amount of power BTC uses is so negligible compared to the sum total of power used globally. I think one article put the total mining power consumption less than the sum total of all devices on standby in the US. Which if you read my previous article; specifically the comments section does not matter. As I am concerned with power consumption as a relative expense in regards to the businesses that bear that expense.. The miners.. I believe the blockchain will survive, I also see that like E-gold the original crypto the gov will step on it. According banks and those with Trillions to burn in order to get the W will begin earnest effort to bring the power of the blockchain under their control.
https://steemit.com/bitcoin/@pawsdog/need-mathematical-help-mining-costs