Topic: BTC under 6k? - page 3. (Read 518 times)
..there is no big deal when bitcoin reach $6k..although there are lots of miners..it is still profitable for those who do mining in bitcoin..yeah..there is a price drop of bitcoin..but soon it will going to rise again..so there is no doubt that bitcoin will not going to end to nothing..at some point in time..bitcoins are low in price before it reach its $6k -$20k value..so there is still hope that bitcoin will going to reach this value again..
Bitcoin under $6k? it already means that it's time buy. Maybe wait for the lowest price then if it goes up again, then it's the best time to sell it.
But to tell you honestly, It is so far for bitcoin to lose its value just because of this, time will come for it to grow again.
But to tell you honestly, It is so far for bitcoin to lose its value just because of this, time will come for it to grow again.
I think it's hard for bitcoin miners to stop their activities, stopping mining might seem like a job loss and I think the miners will continue to mine even if the bitcoin value is no longer high. But for these traders will be a big loss, those who initially intend to HODL in the long run will surely panic when the BTC value drops to 6k.
It has already gotten down past 6k about twice this week already so there is no saying if it will not go further down than that and even stay there. With bitcoin there is no way to predict what will happen to the price of the coin because it moves irrationally at different points in time. I do believe though that bitcoin will go under 6k at some point in time
Do you guys think there is a correlation between the sudden pump above $6K and the miners? Since some people claim that bitcoin at this moment costs $6k to produce. Therefore miners could be pumping up the price to be in profit again.
Can BTC technically survive under 6k?
This is close to a bottom where mining stops to be profitable, meaning that supply of BTC from miners would drop. How much supply comes from miners anyways? Is that meaningful in terms of price movement?
What if miners are not profitable? Does that make them stop and thus make BTC transactions less secure? Do they continue mining in hopes of future price raise?
Why are you worried if the price will go down under $6K? Remember that last year bitcoin was at $1k and miners were doing good. It's just a psychological effect and everything will follow. Believe in this technology as this will bounce back soon. This is close to a bottom where mining stops to be profitable, meaning that supply of BTC from miners would drop. How much supply comes from miners anyways? Is that meaningful in terms of price movement?
What if miners are not profitable? Does that make them stop and thus make BTC transactions less secure? Do they continue mining in hopes of future price raise?
Can BTC technically survive under 6k?
This is close to a bottom where mining stops to be profitable, meaning that supply of BTC from miners would drop. How much supply comes from miners anyways? Is that meaningful in terms of price movement?
What if miners are not profitable? Does that make them stop and thus make BTC transactions less secure? Do they continue mining in hopes of future price raise?
What would be the psychological impact on traders if BTC goes under 6k? That is a huge resistance point and if it brakes how far can price drop? Last time it was more like a test to 5800 which recovered immediately.
This is close to a bottom where mining stops to be profitable, meaning that supply of BTC from miners would drop. How much supply comes from miners anyways? Is that meaningful in terms of price movement?
What if miners are not profitable? Does that make them stop and thus make BTC transactions less secure? Do they continue mining in hopes of future price raise?
What would be the psychological impact on traders if BTC goes under 6k? That is a huge resistance point and if it brakes how far can price drop? Last time it was more like a test to 5800 which recovered immediately.
I can answer the last question based on my what I see. Yes, it has a big psychological impact because if you have invested above $6K then its obvious that you are already losing money here. So who in the world wanted to see their money going down? No one. However, if you know how the market works, so you will know that sooner or later it will make another break out run, so you need to stay relax and hope that everything will turn out on our favor.
Can BTC technically survive under 6k?
It even survived during early days below $20.This is close to a bottom where mining stops to be profitable, meaning that supply of BTC from miners would drop. How much supply comes from miners anyways? Is that meaningful in terms of price movement?
Mining isn't only profitable if you are not serious with it and your machines aren't suitable for it.[1]What if miners are not profitable? [2]Does that make them stop and thus make BTC transactions less secure? [3]Do they continue mining in hopes of future price raise?
[1] Mining will always be profitable and every transaction is paying for its fee so that's how miners earn.[2] No. If the difficulty goes down, you'll see a rise to the number of miners.
[3] Yes.
[1]What would be the psychological impact on traders if BTC goes under 6k? [2]That is a huge resistance point and if it brakes how far can price drop?[3] Last time it was more like a test to 5800 which recovered immediately.
[1] Nothing for day traders, it can be a good buy.[2] No one knows.
[3] That is volatility.
Is this a shark's scam to buy bitcoin at a lower price then push it up?
Bitcoin was under 6k yesterday and nothing happened. 
Yeah, and the price bounce back right after it hit the bottom. Miners, traders, and investors knows what to do during the dump, don’t panic it will bounce back for good. So happy to see bitcoin on green and strong candle again. 
The price has fallen low below $6000 in unexpected time period. Once again the price has begun to grow above $6000 reaching close to $6500. Expect this price to continue further reaching around the $7500 mark at the earliest.
I don't understand why everyone goes into a panic whenever BTC goes down?
All the data is available to us, instead of going into a frenzy and panicking just spend some time and do some research.
EVERY year this happens, several times per year in some cases... Bitcoin will lost 40% / 50% even 80% or whatever.. but it always recovers with a bang! A
Stop looking at daily, weekly, monthly growth and dips. Look at the bigger picture, the annual growth of BTC
All the data is available to us, instead of going into a frenzy and panicking just spend some time and do some research.
EVERY year this happens, several times per year in some cases... Bitcoin will lost 40% / 50% even 80% or whatever.. but it always recovers with a bang! A
Stop looking at daily, weekly, monthly growth and dips. Look at the bigger picture, the annual growth of BTC
In my opinion the price of Bitcoin will continue to decrease then it will be pumped up very high later this year
its a bad if btc under 6k its make value of btc down and make economics down too.
It fell because the whole market was going down from the bad news. This is inevitable. I believe the market recovery Bitcoin will also recover in terms of its value
Yes the bitcoin is growing and the prices is in $6k which is good as compared to the past week if we show some more patience then we can also get some more profit and slow the bitcoin value will recover. For me the bitcoin holding is beneficial now instead of selling it.
Bitcoin price are still around in $6K and we didn't know on what will be the value of it in the next few months. Hold is better than selling in this situation but there are one question in my mind, what if all people in crypto are hold their assets and didn't use it as a crypto currency? What the possible may happen?
Yes the bitcoin is growing and the prices is in $6k which is good as compared to the past week if we show some more patience then we can also get some more profit and slow the bitcoin value will recover. For me the bitcoin holding is beneficial now instead of selling it.
Bitcoin was under 6k yesterday and nothing happened.
When the hash rate drop, with miners exiting the scene.. Bitcoin simply auto adjust the difficulty to balance out things. As the hash rate drop, more and more of the miners that has left, would come back again. You would even find that other miners would increase their hashing power to fill the gap of the miners that has left.
A $6000 or $5000 price is definitely not the death blow for Bitcoin.
A $6000 or $5000 price is definitely not the death blow for Bitcoin.
The fall in bitcoin prices to touch the 5000 USD price makes miners feel panicked because they are worried about the loss of bitcoin mining.
But I think when bitcoin prices dropped down the difficulty will also drop so that miners will get more bitcoin in than ever before
But I think when bitcoin prices dropped down the difficulty will also drop so that miners will get more bitcoin in than ever before
Thats impossible, as bitcoin release is halved every 210 000 blocks, but the amount of calculating remains the same.
Actually, I just found one thinking error on myself! Being halved after 210000 blocks is not same as being halved after 4-5 years, as mining has begun much more popular due to price explosion last year.
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