Ethereum has risen more than 300% from the it’s $126 lows since December 2019. With the ETH 2.0 testnet going smoothly, the Defi(Decentralized Finance) explosion on the the chain and so many organizations looking forward to ETH going to Proof of Stake (PoS), are we going to see a $1500 ETH this year? Let’s discuss.

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Remember that this is not financial advice but my personal experiences. Please consult a financial adviser regarding whatever you hear from me and do due diligence. Cryptocurrencies are very volatile and there is the risk of loss. Please invest money that you can afford to lose.





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This is the Ebit E9+ it a Bitcoin miner made by Ebang. It does about 9,4Thash of mining and uses uses about 1300W But wit power loses in power supply and maybe it tuned a little, mine uses more like 1550W going in to the PSU.
This would cost me a lot of money to run to run off the grid, as we pay like 33 cent per. 1Kwh, and the miner makes like 10 cent. So $0.51 to run an hour, making $0.10 worth of bitcoin,, not a good business case. But what if the power was free and would otherwise just go to waste,, and what if I already uses $1000’s-ish to heat my hour in the winter.
I am just playing with this idea, I’ll run it a little bit,, I have already, and then I might try something else.

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Why is the crypto market going down?
Bad Press: public perception of the currency is affected by headlines of crashes as well as negative statements by financial institutions questioning the validity of the currency. One example of this effect is the event in 2017 where the CEO of JP Morgan threatened to fire any worker that invests in bitcoin in his investment bank. The digital currency suffered a 6% loss in value immediately.

Inadequate security: for bitcoin to gain stability, merchants, and consumers need a safe spot to store funds. Sadly, security issues are affecting the trust as well as bitcoin use. Some notable events happened last year when two exchanges were robbed of their funds. Cyber thieves have also stolen lots of money from crypto exchanges.

Stringent government regulation: bitcoin is decentralized and has not central authority regulating it. This allows users to avoid
regular payment processes. It is attractive to lots of users because it means zero inflation or the central It also attracts cyber thieves who love stealing without leaving a digital footprint. Governments have refused to adopt the currency because financial institutions

and banks are concerned about its ability to promote laundering or commit crimes. Earlier this year, the finance minister of India said cryptocurrencies would not be recognized as a legal tender by the country. It will also discourage the adoption because of the

widespread use in different illegal activities. Also, facebook requires crypto and bitcoin advertisers to pass through a stringent approval process. It also banned ads for initial coin offering.

Delay in the ruling of bitcoin ETF by SEC: experts also believe that the approval of this fund could cause BTC value to skyrocket. The application was previously rejected due to the volatility of the digital currency. The delay has affected other cryptos as well, not just BTC.

essons for the cryptocurrency community:
He further adds that this is actually a lesson for the cryptocurrency community. With the increased safety as well as precautions, it will be easier for the cryptocurrency experts to learn from these mistakes. Moreover, the exchanges will also be able to learn from these mistakes which will ensure that the cryptocurrency community becomes much more secure.

According to him, Bitcoin will be trading around $ 40,000. He further added that there will be a significant amount of volatility before Bitcoin actually hits those levels. It seems like, many of the investors, as well as cryptocurrency enthusiasts, are actually positive about Bitcoin in this very year. The problem is that with a significant fall already seen, most of the retail investors are not pumping money into Bitcoin. This is the reason why the movement is not that strong currently when it comes to Bitcoins
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