Stop mining if you really have a good miner right now, because it is not going to give you many profits. The same if you are trading, you are risking your money because of a bad market
Topic: Dangerous price area - page 7. (Read 1950 times)
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???
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???
I was not assured,whether the mining farms will stop to mine.When the price of bitcoin reaches 6000-6200$.Two days back the price of bitcoin reduced 6257$ and start to again.If they had stoped to mine at 6257$,automatically the price will further reduced.
For someone 6000 for bitcoin dangerous zone and for someone a great moment to buy bitcoin. The miners will continue to work because they believe in a forecast of $ 25,000.
This expectation is not a sudden jump it takes three to four months so current scenario of mining platform is little down because of price fluctuation stay in a same region so again many miners are stop the mining platform then next week or next month it will grow gradually in Crypto market. Finally miners are start the mining work so this border line move to positive line.
For someone 6000 for bitcoin dangerous zone and for someone a great moment to buy bitcoin. The miners will continue to work because they believe in a forecast of $ 25,000.
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???
I dont know where you do get that dangerous area when it comes to bitcoins price. I dont see why miners would completely stop into their venture? If they do then whose gonna be the one who will push up transactions? This collaboration isnt really right to presume things. How you would say into those times when we are still on hundred dollars in price? if you are concern on miners profitability then just leave them alone, they do know on what they are doing profits will still come in as long theres still demand with bitcoin. 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???
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???
Even if mining stops for while it will start up again, and in fact it might be better for the price, because the less bitcoin miner the more the demand will be the higher the price will get, this market has been and always be like this so there is nothing to worry about especially when it comes to bitcoin because it has so many people behind it and even if its price goes down it will eventually go up again you just have to be patient 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???
I think major investors are afraid to buy in at current levels, support or not. When long term hodlers throw in the towel, that's when big money is going to buy their coins and send the price back up. The market is cyclical in that way. Look at past trends 2014-15. The day you turn on TV and hear that Crypto is dead is probably the day to buy.
It is not a dangerous area dude, you know that bitcoin in 2015 has $280 worth. I think this is good for crypto enthusiast such investor or holder, they are waiting for bitcoin price fall as low as possible. They want to have many bitcoin in cheap price. So the dumper such make golden ways to the investor if we think positively.
As of now the price of the bitcoin is $6500 and yesterday the price are down near at $6000 but it's not down very near because many people who bought bitcoin so they increase a little. The critical level for me is when the price of the bitcoin down at hundreds dollars but if the price are still thousands dollars they have big chance the price recover or become ten thousands dollars more.
If bitcoin prices go to hundreds then it will lose people interest and later recover may become difficult because new investors may not show interest to invest in bitcoins because 20K to hundreds is a too dangerous thing to happen. I think if this negative sentiment continue then it may reach around 4K level and from their, it may start moving up but not sure what is the exact market bottom.
investors are start worrying about their investment, 6k holding grounds is not strong maybe we will see deeper than that but hopefully after that level interest will show back and crypto peps will start to join hands and pumped the price little by little.
For me, it is good. If it possible to bitcoin go to $100 i want to buy it more. I think it is good for the investors to keep invest more on bitcoin while the price are going down. Remember that crypto unpredictable, we never know that the price will be rised up again even more than before.
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???
I think that Bitcoin will still reach 6K, this is due to the loss of confidence in Bitcoin, more precisely to the formation of its price, because exchanges and large holders can monetize the market with cryptocurrency. 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???
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???
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???
We've already seen the price touch the 6k point last february and i don't think it's a reason for concern for long term traders. Honestly, I wouldn't even feel bad if it goes below 5k. Miners have been mining btc even when the price was way below that and i think people are just psyched due to the decline from 20k price range. One thing is to look at it a bit farther. You'll see that it isn't that bad if you remove the unnatural movement last 4th quarter of 2017.
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???
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???
I not imagined thats those miners would stop there mining job,if the price value of bitcoins would break $6K level,because in my own thought miners dont care if the btc price going down,because the only things come up into there mind is to earn,therefore this situation now that what could happen if the value of bitcoin is going down to 6K i thinks mostly people going in FUD situation and maybe all well sell there crypto coins in lossing, in order to secure even a small amount of there capital.
Don't worry about the miners. The mining pools will get their profits in any case. Currently Bitcoin is on the low local levels indeed, and if the price will go down to $6000, many people will buy BTC. It is not a dangerous area, it is a support area. Probably now the good time to buy or re-buy some coins.
Miners have a way of hedging their payouts and bitcoins coming even to a price of $1000 don't bothers them. Their objectives is to mined as much as the remaining supply of bitcoins available. For the psychological price that bitcoin is trading is just testing waters to bounce back to higher price. I am predicting this is the lowest price bitcoin can trade in this month.
Bitcoin not only brings potential, but also risks. The price of this virtual currency does show a very promising prospect, but there is a minus value that makes the use of Bitcoin still need to watch out for. Either as an online payment tool or investment asset,
you better take advantage of moments like this to buy and open buy orders because I see bitcoin is not always the price is always cheap like this.
I don't think that the mining industry will stop because of the drop of the bitcoin price. I am not sure that bitcoin price will break the level of $6000 but it could be possible as we know that in cryptocurrency, everything could happen. I am sure that the price will increase more than $6000 and will be back to the $7000 or even higher. the miner will continue mining because bitcoin depends on the mining process and if it stops then bitcoin will stop too. let see what will happen in the rest of this year.
I don't think 6k is a big price level for a lot of miners, I'm sure the big farms are mining at a much cheaper cost. Of course if the price is cheaper than the cost of mining a lot of miners will stop mining. That is those that have already paid for their machinery. If they're factoring hardware costs in to costs of mining then they can still mine and it be logical. If their only input is electricity then there's no reason to mine at a loss.
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???
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???
If that happens then surely bitcoin will drop even lower bottom of the 4000 USD value. And thats the bitter truth about it. We can not help it as long as more and more money is poured into the current market cap. The bad news is, we have more sell orders than the buy orders and thus it is making it obnoxious to control. BTC will never survive the current scenario and it is frightening to say that BTC may not be able to survive the current sell demand and it will drop further. The only way is to get more investors but that is also huge amount required to deliver the up surges.
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