My fear is that we're getting to a point, likely sub-$200, where BTC isn't viable to mine even with very efficient ASICs and cheap power. I fear we're coming to a point where the big mining ops in China are going to start cutting capacity, making the confirmations on exchanges longer (because of less available mining capacity). The good news is this will cause a lot of the mid size and smaller players to cash out their equipment, so you can get some decent rigs for next to nothing. The bad news is that these kind of things typically take a long time to rebound, if they do.
I know my cut-off point is at $180. At that point, even with my cheap power and my paid off S5s, there's no way I could continue mining. I may let it go a bit longer (at a loss) to support the process, but it's something I don't see being sustainable as a miner (for me anyway).
I'm hoping I'm wrong. Well, more specifically, I'm hoping it hits $200, I get a bunch of S5s for $100 each, and then it rebounds to a bajillion dollars a BTC. Wishful thinking...
Denis
Topic: $222 PRICE OF BTC - page 2. (Read 1856 times)
at this point the bottom is $200 so it is possible to see it trying to go below that. support there seems to be fairly strong, but you never know. a large dump can get things down quickly.
today the price of btc is 1btc=$222 .. do you think guys what is the lowest rate of btc will become before it goes up again? and reason...
I am really afraid to say it could never go up again ..... the trend is Descending for long time ......... there is no lowest price at Downtrend ....... for going up we need see resistance $700-850 again .... going up is Heavily depend on news .......... in future what will happen ? no one knows
So ready for lower prices .........
This is very uncertain situation and unfortunately indicators are not in favor of buying at this moment.We can see further down fall of price till 200$ and I don't think it will be under this price.In short period of time no sign to see rises in price.Positive thing is downtrend has slowed down.
That's just wishful thinking. We are still sliding down the 'classic' 3-5% per day :/
This is very uncertain situation and unfortunately indicators are not in favor of buying at this moment.We can see further down fall of price till 200$ and I don't think it will be under this price.In short period of time no sign to see rises in price.Positive thing is downtrend has slowed down.
I think in next couple of months btc will be going down slowly and it may go back to around 150 range. Now the whole btc sentiment is very negative until some good news come out on btc prices doesn't look like will go up. I feel now just wait and watch for some time before even start averaging it.
I don't believe in very long term plans for bitcoins because after falling from 1000+ never looks prices ever ready to reach around 500 range. Its been already more than a year.
So watch out before buying.
I don't believe in very long term plans for bitcoins because after falling from 1000+ never looks prices ever ready to reach around 500 range. Its been already more than a year.
So watch out before buying.
Based on whats been happening this past week, probably further down. Long term though BTC is looking to go up again, since the downtrend is slowing slightly.
The bears are becoming more active again. Some even say we can go as low as low 100 or even double digits before the end of the year.
Personally I still think we will get a nice boost to 400-500 though.
Personally I still think we will get a nice boost to 400-500 though.
today the price of btc is 1btc=$222 .. do you think guys what is the lowest rate of btc will become before it goes up again? and reason...
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