As the price continues to fall its obvious this is a direct assault on the week crypto-miners and holders.
The assault occurs as India, Japan and US all sanctimoniously release FUD designed to reduce the value of cryptocurrencies.
The question is will the whales step in and defend bitcoin or will they let it to fall to 5K or below which will make mining impossible for all but the strongest miners.
This all comes just when net work hash rate was increasing by .5% per day under the price of 6700 USD.
Network hash rate is up 5.6% even with the price drop so most are choosing to mine at a loss for now but we will see tomorrow.
I believe mining will begin to drop off.
What do you think?
