Dangerous price area - page 5. | Bitcointalksearch.org

traderethereum

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Quote from: herurist on June 26, 2018, 11:42:17 PM

Quote from: KMattox on June 16, 2018, 08:38:26 PM

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
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.

herurist

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Quote from: KMattox on June 16, 2018, 08:38:26 PM

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
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.

XCANA

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Well that is the aspects of those that min Bitcoin and to those trade Bitcoin I believe it is the right time for them to buy at the cheaper rate and sell later when its value appreciate. And to those who are holders of Bitcoin from when its value was around $15,000 Or so , it is really a dangerous moment for them all.

Dart18

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Produce at loss? Explanation please?
I do think there will be more loss if they suddenly stop.
Maybe you just do not know what you are talking about so i will just ignore what you said.

So miners who mine at a $500 sacrificed and took the risk just so they could mine for fun?
I do not really get it. Grin

Perhaps you could give some light to what you are trying to say.

cryptowolfsu

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Some of the miners can stop but others with lower price of electricity will start mining as well.
There is no average price of BTC mining as there are countries like Ukraine where it is $1.580 the mining of
1 BTC or even in some countries below $1k like in Venezuela.
Just to remind that one Year ago BTC price was $2.600 and nobody was thinking to leave mining , do not
understand where this negativity come from ?

pistachefreak

newbie

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Probably just going to hold at this point. I've already cashed out my original investment months ago. Playing with house money now makes me not get shaken during these sell offs. If BTC does in fact go under $6k, I'll just reload the stack

Omega Weapon

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Quote from: lushlife on June 22, 2018, 12:18:29 AM

I think you can relax, because if the price goes down even to the critical level, then the old/new investors will be interested to buy BTCtc since it's cheaper

People worry simply because they were not ready to see the huge crash that we saw, people thought this was finally it and that bitcoin will keep growing forever but like always that was not the case and bitcoin despite its huge technological innovations still succumbed to the old law of supply and demand, and so if the price went even lower there will be a significant amount of people selling their coins because they would have lost their faith in bitcoin at that point and even old investors will be unable to buy all of those coins.

robotrobert

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Quote from: lushlife on June 22, 2018, 12:18:29 AM

I think you can relax, because if the price goes down even to the critical level, then the old/new investors will be interested to buy BTCtc since it's cheaper

You will to bear this critical situation. The investors are keen to see the price every day because of their investment. They want a big bump in the price like the previous one to make huge profits, but I think that the price is now corrected and is according to the market position. We will see no more hip and dip in the price and it will increase gradually with the passage of time.

nelsledma

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Quote from: giarised on June 23, 2018, 02:30:07 AM

Quote from: lushlife on June 22, 2018, 12:18:29 AM

I think you can relax, because if the price goes down even to the critical level, then the old/new investors will be interested to buy BTCtc since it's cheaper

No he mustn’t be taking rest at this moment. If that man thinks he has lost the best opportunity and now he is just useless. This is wrong, brother you have got chance right here in front of you. This is best time to get into this world and work in bitcoin. That would help you to enhance your life style. May be something is wrong in beginning but keep faith in them and go on.

Some wise man once said, chances are like a ball coming to a batsman in first over of test cricket match, you have long queue of other balls as well to just come. Likewise, if this man thinks out to quit his trading just because his first ball wasn’t hit, don’t just worry. You are more to come with, so make your mind and be strong with what you have learnt. That would be helping you to regain.

Missterio

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I think that if the price goes down, many people will leave this market. if the price goes below 5 thousand then there will be a big panic in the market and people will sell to save at least something that they have left.

Johnyz

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Quote from: sedahan13 on June 24, 2018, 09:17:27 PM

Bitcoin price already below $6000 yesterday and going up again just in 1 hour. The price of BTC already going down more than 1/3 from the peak, and i think this price is bottom price and down trend should be stop and will change to bullish again. BTC still bullish in long term, and i can predict the price will to go to $15K in the end of this years.

Long term chart is really bullish and yet people are just looking at the monthly chart which makes them so panic. I also hope that we already hit the bottom so this market will start to recover now, let's wait for a strong signal about it and live patiently. We will soar high again and bitcoin will be on top for good.

sedahan13

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Bitcoin price already below $6000 yesterday and going up again just in 1 hour. The price of BTC already going down more than 1/3 from the peak, and i think this price is bottom price and down trend should be stop and will change to bullish again. BTC still bullish in long term, and i can predict the price will to go to $15K in the end of this years.

InKiTy38

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Do you know where the most dangerous price is? Do you know if we have this price, then we will have the risk as well as the opportunity does not? and what remedial measures should be taken if this is in a danger zone

Reid

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When it comes to crypto I dont believe much with those kind of events.
It is more of a landslide from a panic than miners have a psychological breakdown.
Miners will stay and will need to produce some money for paying up bills. Yes it may be low but it will still cut the payment which is needed.
I bet they have good capital by now and all this mined bitcoin will just be stored.

rodel caling

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Quote from: KMattox on June 16, 2018, 08:38:26 PM

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
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???

Not possible bitcoin drop upto 6000k usd or more than and for the mining there is not reason to stop mining because miners knows bitcoin are gain again in the market all bitcoin can mine by the miner are hdl it into wallet and wait the price rolled back again to become expensive.

It the miner miners stop mining had possible bitcoin continue to dump because life of bitcoin in the miners producing bitcoin volume circulate into the market, in my analysis some of big time miners are the whale they didn't selling their bitcoin at the market to control the demands one of the reason i will observe about bitcoin dropping in the marketcap.

richardsNY

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Quote from: Visbay on June 24, 2018, 05:34:12 PM

I think there will be no more bad news arrival but most of time now price of bitcoin will be high we will get a good news to see high price,

Good news or bad news doesn't matter anymore in the market right now. If we look at the recent good news reports that could be seen as important, which is the confirmation of MtGox that won't be selling coins anymore, and Tether being backed sufficiently, we are still going down. We have to bottom out artificially, whether we like it or not. There is no point in ignoring the state of the market by just hoping for good news to lift the price back up, because it won't. The only way for the price to go up properly is more demand coming from investors genuinely interested in holding Bitcoin for the long term. Patience man, patience....

Visbay

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Quote from: TopT3ns on June 22, 2018, 03:29:50 AM

Quote from: KMattox on June 16, 2018, 08:38:26 PM

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
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???

my friend said support is on 4000 but i don't think it will go there for now. but if bad news keep coming like exchanger get hacked i think it will possible to reach that price. ir depends on us, holder to keep or sell our coins

I think there will be no more bad news arrival but most of time now price of bitcoin will be high we will get a good news to see high price, market falls to give us a chance of buying at low so don’t ignore and having lowest of 4000$ is golden chance don’t lose the hope just buy when you see a fall and hold your bitcoin as much as you can hold so there is no danger but only panic selling is.

giarised

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Quote from: lushlife on June 22, 2018, 12:18:29 AM

I think you can relax, because if the price goes down even to the critical level, then the old/new investors will be interested to buy BTCtc since it's cheaper

No he mustn’t be taking rest at this moment. If that man thinks he has lost the best opportunity and now he is just useless. This is wrong, brother you have got chance right here in front of you. This is best time to get into this world and work in bitcoin. That would help you to enhance your life style. May be something is wrong in beginning but keep faith in them and go on.

alminium

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Yes the current price of Bitcoin is $ 6400 and yesterday the price dropped close to $ 6000 but it did not go down very close because many people bought Bitcoin so they slightly increased. The critical level for you is when the price of Bitcoin drops to hundreds of dollars but if the price is still thousands of dollars. Other good news like Coinbase and Bittrex also make a good foundation for Cryptocurrancy which will increase demand.

Script3d

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Quote from: r32godzilla on June 22, 2018, 12:12:16 AM

Quote from: KMattox on June 16, 2018, 08:38:26 PM

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
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???

No.Bitcoin price has already started to recover.Its now moving in the upper trend.Bitcoin's today price is 6,670 dollars and it's said that big whales have started their job to push up the price.

the price is down now its back to 6.3k maybe next month the price will slowly rise up and no more jump crash. possibly whales are the one's pushing down the price they are still pushing it down. as always hodl.

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