Topic: If a bitcoin falls below $2,000, what could be the cause? What is the real value (Read 496 times)

Probably if BAKKT is suspended, but honestly? $500 - $600?  Looking at the market, bad news never stopped and news about bitcoin going lower is everywhere but then if you look in the next months, good news is just around the corner.  BAKKT is officially move next year on Jan.  So I bet your guess of $500 - $600 is kinda way too low.

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I believe people panic selling and whales riding the panic caused the huge fall of Bitcoin price and this is the best time for larger audience with bigger stash to move in and accumulate Bitcoin and I believe they have been accumulating during this fall of price.

You learned about Bitcoin too late, mate. Otherwise, you could make really good money on it like thousands of guys. I do not think that BTC can follow so critically. The market must recover soon.

Why 2000? It will go much lower. It was a  speculative asset, but now it is a total loss. In February 2019 it wil cost somrthing around $500-600

Although it's bounce to go up in the end, the bitcoin price still gets down because of the trend still on the downtrend. We don't know how long this will happen, but I am sure that soon, bitcoin price will bounce up and create the new highest price. Be patient and decide if you want to buy and sell bitcoin at this moment because you could still make a profit from the situations. We will see the up and down of the bitcoin price every day until the right moment comes for the price to increase higher.

Indeed, whales are manipulating the market, and if they still want to continue dumping bitcoin, $ 2000 will come and the market falls into a real crisis, everyone will panic and sell all bitcoin immediately, no one has the courage to hold or buy more. This is the situation where the whale is wanting this market to become a dead land, but I do not think they want this cake to disappear, they will take certain actions to stabilize this atmosphere, they will not give up this market unless they are no longer profitable

we cannot say that it is the real value, because we will not know what the value of bitcoin is, because it is not stable. well, even though currently the price of bitcoin is still unstable, I feel that the price won't be under $ 2000 for this year and next year.

what is happening now is testing the will of investor and how far they can go. Panic selling is happening but I will not sell to cut my losses. I will rather lose all the way than to sell at a time like this. I will rather HODL until it is at ground zero than to sell now. This is how much I value Bitcoin.

That's right, it could be a major factor in this decline. At the moment, maybe there will only be two choices that we have to take, namely to stay afloat and still believe that bitcoin will be able to rise again or become part of the market panic.

Lol , no way  man .  the real thing could posibly happen is people will start to panic as crazy and they can do unexpected things such as selling imediately .  although there will still people who will buy bitcoins in a massive rate because they think that the value can still recover in the future which is true because bitcoin is too useful to become a bubbe and to be forgotten easily by the public .

@op the real cause is possibly pure manipulation by the whales .  about the real value ? Well that is still unknown . btc and other cryptos will still remain volatile forever .

If bitcoin drops to 2000$, man, everybody will start buying it and it could get to back to 6000$ eazy.... I know I would buy it, and all of my friends too... so don't worry, even if drops to that price, you should rather buy than sell anything at that point

Price manipulation is what I saw also in the current drop. This is not an easy month for us. If the end of 2017 is full of excitement, the end of 2018 will become worst for all of us. Imagine, if it fluctuates around 2000 dollars and there is no more support after that, the price will fall under 1k dollars. Therefore, its hard to make decision in buying nowadays.

ahahahah nice try to fud bro, but if you really think what you said, i'm really sad for you IF ( i doubt) you really think it, you need to study A LOT! really, a lot about bitcoin and how does it works

I think a bitcoin fall below $1,000. And then, it will be over $20,000 again!

Dude, I don't know if you bought some at Bitcoin $20,000. If you do, then you have lost 70% now. This is a very bad experience, but compared to those who bought altcoins, bitcoin is not the worst.
Bitcoin now has more value from hype, and in real life you rarely see who uses bitcoin. Maybe the era of bitcoin has not really come yet.

Its over-valued at either price, remember, its only worth what someone else is prepared to pay for it. Its real value is less than tulips, at least they can be used in a garden.

No problems here mate, 20.000 or 2.000 changes nothing about the potential. Surely the funny war between bch now is not helping, but don't worry, it could also reach 500$ price, if you hold you will be rich in some years.

in short
costs of mining. involvement of mining. vs cost of buying coin. is variable depending on hashrate and how many asics and cost of asics.

now the reason why hashrate is an important indicator.
if people can buy coin cheaper than mining costs they will.. (bringing price up until corrected equilibrium)
if people can mine cheaper than buying coin they will.. (bringing price down until corrected equilibrium)
if miners can reduce cost to mine (cheaper rigs) they will sell (bringing price down until corrected equilibrium)
if miners have more competition(more hashpower/more cost) if mining cost more than price they will buy coin(until equilibrium)

which is all about "corrections" of speculation spikes and dips

people will always find the best way to get bitcoin. which is why the base VALUE of bitcoin circles around the mining cost.

its complicated psychology and math. which is why i tried to not fill in all the math and psych.

but right now at ~40exa the value AREA is:
very limited users can profit at bottom($3600)      however based on who has rigs($4600-$6100)
emphasis very limited amount of people can break even at $3600.
........
to get a baseline value of $1500 again the hashrate would be down at 16exahash and everyone would need to be using the latest efficient asics.
........

ill try to make it simple for people to calculate an indicator, and understand it all

take the current exahash (eg 40~)multiply by 89
(i done the math to make it simple as multiply by 89)
this 89 is based on current hardware costs IF ALL asics were next gen
hense baseline(bottom)

and the electric was 5cents/kwh and the hardware was 950 spread over a year. then the math of how many asics is required to hash a block. and divide it down to the costs and the costs per ptc

and thats the cost of mining and the baseline multiple to indicate base value .
big point. its the BASE multiple. THE LOW.

i say baseline because some are using S9(14thash 1.3kwh) at that exa multiple of 111 cost (each asic was $450 bought)
i say baseline because some are using S9(14thash 1.3kwh) at that exa multiple of 154 cost (each asic was $850 bought)
i say baseline because some are using S9(14thash 1.3kwh) at that exa multiple of 280 cost (each asic was $2000 bought)
i say baseline because some are using t15(28thash 1.6kwh) at that exa multiple of 89 cost (each asic was $950 bought)


a month ago the multiple was 111(bottom),
a couple month ago was 135 (mix)
a couple month ago was 154 (mix)
6 months-1year it was 280. (top)
(this 111 multiple was the base line for 12 months as that was the bottom cost of the last gen asics)

not everyone has such low cost of mining of the next gen 89 multiple. but some of the farms do. so an amount of influencers that can move price will be around that 89 multiple.
(they can sell down to the value of say 40exa * 89 and still break even profit)

after all
if a person can SELL bitcoin at profit for than mining it. they will.
but not everyone can because not all miners are at the 89 base multiple

but due to next gen asics the multiple is moving down to 89. (yep outsiders/hobbiests are not getting deliveries until last week of december, but yep some facilities are already using them.. (and manufacturers are cough cough profitably quality assurance testing hardware before december delivery to users))
so the value is not yet at the 89 multiple .. but the bottomline is a multiple of 89 of the exahash

i was hoping to see hashrate raise and lockout at above 60exa before the next gen release. but seem last month before the price drama. we seen them curve down the hashrate

........

If bitcoin price gets down below $2k it would be the worst price ever and bitcoin users only be responsible for that because people love to sell rather than buy. Investors should buy bitcoin whatever the current price it doesn't matter if someone not to pay the value of bitcoin then it will be falling down users need to stay patient for the real price.

This issue of real value will be raised more and more. Bitcoin came back quickly after the price rise above the expected. We came here by breaking important support. After that, every support that is broken will make it difficult for us to move to a higher level. I hope we never see levels like 2-3K.

The Bitcoin mining machine is cutting prices, the electricity bill is also very cheap, and the cost is different all over the world. In addition, cost is not the only factor determining the price!
It is a zero-sum game itself. It can't consider the seller's psychology. It has to consider the buyer's psychology and there is no money to enter the market. The price will not rise.