According to mycelium, Bitcoin just dropped from EUR 4900+ to 4600, then back up to 4900+ and back down to 4600 again. It uses Bitstamp as data source.
I can't really check it on mobile so I'm posting it here: did this really happen or was it a glitch?
You think the present day power consumption of Bitcoin can increase by two orders of magnitude? HAHAHAHAHA.
If power capacity becomes a limitation, the price of power will go up. The market will find a balance.
Quoting myself here with more statistics on this thread:
The contrarian in me sees a huge buying opportunity, including stocks. This is Not 2008/2009, but mass hysteria.
I'm not buying any stocks yet, although I'm not selling either.
I believe the stock bubble can go down much more the coming years.