Bitcoin down to 500? - page 2. | Bitcointalksearch.org

uki

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Quote from: 20kevin20 on September 25, 2016, 03:25:39 PM

Quote from: Galiatram on September 25, 2016, 12:47:15 PM

500 can be the new low if you ask me.
Miners need a price of min. 500 dollar to make profit with their mining business. If the price goes down more they will get in problems, and miners in problem means bitcoin got a problem.
A serious problem.

But isn't it all about how much we're willing to give Bitcoin for? If it wasn't this way, Bitcoin would have been down a long time ago. Miners aren't willing to give Bitcoin for $1. Therefore, we have to pay $600 for one.

What miners want may have very little to do with the price of Bitcoin. After last halving 75% of all coins is already mined and may be used to push the price lower if the whales wish to do so.

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Quote from: Galiatram on September 25, 2016, 12:47:15 PM

500 can be the new low if you ask me.
Miners need a price of min. 500 dollar to make profit with their mining business. If the price goes down more they will get in problems, and miners in problem means bitcoin got a problem.
A serious problem.

But isn't it all about how much we're willing to give Bitcoin for? If it wasn't this way, Bitcoin would have been down a long time ago. Miners aren't willing to give Bitcoin for $1. Therefore, we have to pay $600 for one.

uki

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Quote from: coynedterm on September 25, 2016, 01:20:30 AM

yes , the bitcoin price is crashing now . and i think the price will kept fluctuate below $600 or it may be down to $500 and then after this year the price will start to rise in January .

I wouldn't call a 10% drop in price a crash yet. What words would you use if the price falls 70% or 80%, like from Mt. Gox top?
Bitcoin is a very volatile asset, and that means that 10% swings on a short term are included in this game and are something normal, without much story behind it. But crash in Bitcoin is something definitely different.

Galiatram

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500 can be the new low if you ask me.
Miners need a price of min. 500 dollar to make profit with their mining business. If the price goes down more they will get in problems, and miners in problem means bitcoin got a problem.
A serious problem.

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Quote from: coynedterm on September 25, 2016, 01:20:30 AM

yes , the bitcoin price is crashing now . and i think the price will kept fluctuate below $600 or it may be down to $500 and then after this year the price will start to rise in January .

i think it's not crashing it's just fluctuating like you said, a crash is something else, like 50% of the original value, not 5% lol, right now bitcoin is very stable i'm taking the opportunity to buy more cheap coin

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Quote from: dunfida on September 25, 2016, 07:13:28 AM

Quote from: iqlimasyadiqa on September 25, 2016, 06:49:33 AM

Quote from: RkVza on September 25, 2016, 05:40:45 AM

iam also waiting btc to come to 500$ to buy at pull back

it looks like it will be tough going, and I think everybody hoped that bitcoin prices rise. Grin

Correct, hoping for bitcoin to go down would be tough do since there are lots of investors are hoping for bitcoin to rise its price but some may wait also for bitcoin price to go down so that they would able to buy again for cheaper price.

If we come across through any bad news again then it can go below $500 level, as of now its sitting on descent price but as we know that its impossible to predict anything related to its price.

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Quote from: Xenophoto on September 25, 2016, 01:41:33 AM

Unless another big company gets hacked, Bitcoin would stay higher than 500$. The Bitfinex hack made the price of Bitcoin much lesser than it was. I'm pretty sure if another exchange website gets hacked, Bitcoin would go down again. The price dump is depending on how many Bitcoins that the hackers get from the hack. But if none of that would happen, we will not touch Bitcoin down to 500$ again.

Probably at most ~$500-550 but I agree with that, a dip to sub-$500 levels is pretty much one the worst case scenarios.

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Quote from: dunfida on September 25, 2016, 07:13:28 AM

Quote from: iqlimasyadiqa on September 25, 2016, 06:49:33 AM

Quote from: RkVza on September 25, 2016, 05:40:45 AM

iam also waiting btc to come to 500$ to buy at pull back

it looks like it will be tough going, and I think everybody hoped that bitcoin prices rise. Grin

Correct, hoping for bitcoin to go down would be tough do since there are lots of investors are hoping for bitcoin to rise its price but some may wait also for bitcoin price to go down so that they would able to buy again for cheaper price.

your hoping for a particular price should also be based on your studying of the market and the orderbooks.

you should check the resistances, the supports and see how many investors are actually buying or selling bitcoin. for this case there is a lot of resistance around $600 and even breaking that needs much work and then going down to $500 needs another huge exchange to get hacked.

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Quote from: iqlimasyadiqa on September 25, 2016, 06:49:33 AM

Quote from: RkVza on September 25, 2016, 05:40:45 AM

iam also waiting btc to come to 500$ to buy at pull back

it looks like it will be tough going, and I think everybody hoped that bitcoin prices rise. Grin

Correct, hoping for bitcoin to go down would be tough do since there are lots of investors are hoping for bitcoin to rise its price but some may wait also for bitcoin price to go down so that they would able to buy again for cheaper price.

iqlimasyadiqa

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Quote from: RkVza on September 25, 2016, 05:40:45 AM

iam also waiting btc to come to 500$ to buy at pull back

it looks like it will be tough going, and I think everybody hoped that bitcoin prices rise. Grin

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iam also waiting btc to come to 500$ to buy at pull back

icecube45

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I can not predict the price of bitcoin because prices always fluctuate would be very difficult to predict. If bitcoin continue to develop, bitcoin will not be lower than $ 500. But if bitcoin decline is likely to decline to the very large price.

Xenophoto

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Unless another big company gets hacked, Bitcoin would stay higher than 500$. The Bitfinex hack made the price of Bitcoin much lesser than it was. I'm pretty sure if another exchange website gets hacked, Bitcoin would go down again. The price dump is depending on how many Bitcoins that the hackers get from the hack. But if none of that would happen, we will not touch Bitcoin down to 500$ again.

coynedterm

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yes , the bitcoin price is crashing now . and i think the price will kept fluctuate below $600 or it may be down to $500 and then after this year the price will start to rise in January .

Yakamoto

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Doubtful that Bitcoin is going to go down to $500, probably we'll sit around $600 +/- $10-$15 before something happens with the news and the market swings one way or the other.

The market is hungry for a reason to invest or bail out, and I think a lot are looking for the former. There is likely little upwards energy left, but the right news might revitalize the market.

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Quote from: iv4n on September 06, 2016, 12:10:32 AM

After struggling around 550 $, we finally break 600 $ mark, and seems like btc is going back where it was. I think now we are going up, and this trend will continue until the end of this year. I'm watching graphics for last 4 years, and btc price movement is very similar with movement from 4 years ago, after halving little drop, and then to all times top. Can we see that same movement again? I'm not sure, but with btc almost anything is possible. I will not be surprised if we see new price record for couple months from now.

Thats the thing i observed too when im looking at the chart of bitcoins price movement from past years and i could somehow compare it as of todays bitcoins path which have simmilar pattern or just a coincidence. As you said everything in bitcoin is possible lets just wait and witness what would be the trend in upcoming months or years to come.

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Quote from: SONG GEET on September 24, 2016, 11:14:21 PM

Price may not drop so low in future if no any thing like bitfinex hack will happen in future. But if price continue to grow over 1000 usd than even on such events price will not go below $500 for sure.

So.. you are next positive speculant?!?!

Yes, of course there is possibility that Bitcoin will rise up to $10k , but at this moment, more possible is that his price will go down to $500 .. Not saying that $10k is impossible, but in economic situation like we can observe now, $500 is just more possible. Of course it is just my subjective opinion..

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Quote from: BitAurum on August 17, 2016, 06:17:08 AM

Is the bitcoin price crashing? $500 is a huge drop for bitcoin.

Will the bitcoin price go lower than $500?

no it is not the price crashing of bitcoin. it is only for small time for weeks . because it is only due to the sell of btc by the etherium user . but soon the price will increase when the eth user will sell eth and come for btc .

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Quote from: JITENDERPAR3 on September 24, 2016, 11:47:47 PM

Quote from: BitAurum on August 17, 2016, 06:17:08 AM

Is the bitcoin price crashing? $500 is a huge drop for bitcoin.

Will the bitcoin price go lower than $500?

u don't think that bitcoin price is crashing this is only small fall down and up quality for short time of btc . you should wait some week to increase the price . the fall in the btc rate is only for small time so don't worry . keep your btc in your wallet.

whenever there is a small drop people all see the short term and panic about the price drop and think this is the end but if they start looking at the long term they can easily see that this price is still up and rising.

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Quote from: BitAurum on August 17, 2016, 06:17:08 AM

Is the bitcoin price crashing? $500 is a huge drop for bitcoin.

Will the bitcoin price go lower than $500?

u don't think that bitcoin price is crashing this is only small fall down and up quality for short time of btc . you should wait some week to increase the price . the fall in the btc rate is only for small time so don't worry . keep your btc in your wallet.

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