If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???
This is deep and what should we do, cut loss to minimalism risk or keep hold and buy back? I suggest to keep hold but not for buy back, very risky. Bitcoin will go more deeper and many people will loss their asset, don't follow them for buy back. Take this situation as part of invest/ trading world, do what you need to do and believe in you. Good luck all.
I don't think the cut loss is the best way that we can do to minimalism risk because this will makes us reduce our balance. maybe like you said, he needs to hold it for a while and he can buy back again if the price is down below than $6k because I think the price can go down more deep this time. people will be panic if the price breaks the $6k and meanwhile, the other people will use this opportunity to buy bitcoin at the low price because they might not see this price again in the future.