Bitcoin and its crypto-partner coins have dropped to a point where it's not that profitable to produce, according to some estimates.

Here are some bullets and thoughts for you

"Bitcoin currently trades essentially at the break-even cost of mining a bitcoin, currently at $8,038 based on a mining model developed by our data science team," Fundstrat's Thomas Lee said in a report Thursday.
"In some cases the miners may simply turn off the machines until the price comes back a bit," said Shone Anstey, co-founder and president of Blockchain Intelligence Group. Right now, "it's got to be getting to the point that some of them may be losing money." This is more likely hell arn't we going to see bitcoin moon to $100,000?
Miners' earnings have roughly halved this month from December due to a surge of interest in bitcoin mining, as measured by hashrate, according to Charlie Hayter, CEO of industry data site CryptoCompare.

I am pretty sure you have also read or heard about Google banning crypto ads , Bitcoin prices slammed as the news spread around my thoughts is google and facebook are scared of decentralized competition. You know since we have Hive account@dtube, and this wonderful place.

Come to think of it STEEM blockchain's offers multiple platforms that competes to google and facebook. So my question is are you ready for Steem to hit over $100?