Topic: Is it just me or everyone is concerned? (Read 791 times)
Anything can happen because of its volatility factor. When bitcoin price drops, obviously it's everyone's concern especially to those who are buying bitcoin beyond its current price. Bitcoin price is going steady at around $6K so we all hope that it remains this way or may rise up a bit in a few weeks.
I think many people have abandoned bitcoin mining at the present time. It was not profitable for them because the price of bitcoin was constantly decreasing. and everything is stopped. They are waiting for a boom in the value of the bitcoin.
Not only price decreasing but also the mining difficulty has already arisen which we cannot able to wait for a long time. Due to power cost-effective and bitcoin price kept decreases makes people lose hope on mining the bitcoin.
For quite sometime now I have been secretly praying and hoping that Bitcoin doesn’t rush with this upward trend.
I do not think the miners will be able to keep supporting bitcoin mining if the price goes below 6000$.
Hopefully my prayers seem to have been answered as I can see an organic in bitcoin value to 7000$ for a while. Do you think this is an organic rise in bitcoin value and is it likely to remain within the ranges of 7000$ without dropping? Share your emotions and opinions guys!
I do not think the miners will be able to keep supporting bitcoin mining if the price goes below 6000$.
Hopefully my prayers seem to have been answered as I can see an organic in bitcoin value to 7000$ for a while. Do you think this is an organic rise in bitcoin value and is it likely to remain within the ranges of 7000$ without dropping? Share your emotions and opinions guys!
As a burst, its not your prayer that got answered as if it had been about prayers getting answered then during the time when price fell to $15,000 from the high point, the prayerful people would have pushed it back to $20,000 or above that. Its simply the forces of demand and supply. Getting to the point of praying about it means you are not getting detached from the dynamics of the market which to me is the worst thing anyone could do no matter how much of a believer you are.
Getting worried about it is just not going to change anything at all unless efforts are geared towards actions that would increase the activities and thereby increase the price of bitcoin. But thinking, speculating and even praying about it, won't move things.
I think many people have abandoned bitcoin mining at the present time. It was not profitable for them because the price of bitcoin was constantly decreasing. and everything is stopped. They are waiting for a boom in the value of the bitcoin.
Bitcoin will not go beyond the $6K support level. I am saying so because since the beginning of this year Bitcoin price has remain above the $6K mark even when the attack on crypto currency was severe. A lot of bitcoin holders are not praying for the down trend of bitcoin because all most all them are already on red and going down more means depleting their holding more. Bitcoin will survive we will always hope for the real reversal of the market price to move up as we draw near the last quarter of the year.
I don't think big miners company will stop to mine BTC. There's a lot Mining company right there that will HODL there coins/tokens that they mine. I think for those low rig of mining they will think if they continue to mine or not. But for my Opinion Mining is not factor about what BTC trend right now it's about to all BIG WHALE of investor. That's my opinion if it's Wrong then correct it by your Own.
Absolutely we cannot denied everyone concerned specially in all types of bitcoin rules they concerned the works not goes to unless but I am so surprised when I am starting here a lot of expectations to your life happen and the beatiful it can be good for the mindset.
As of this writing btc is currently down at $6.4K where it has been on this level for several weeks. Same as the author's comments, I believe most of the investors and btc supporters were hoping that btc could recover back to it's market value back to $7K. Moreover, I do think this this bearish market will be over soon, therefore people should have to hold their coins while waiting for the recovery.
Everyone is worried when the market is this way. Surely these days will pass, but until then, everyone will continue to be anxious.
Well, what is really the issue here? I guess the issue here is the Bitcoin rate. And I know everyone of us are concerned and hoping that there will be a great news upcoming about the issue.
Bitcoin has extraordinary support at around the $6,000 mark, we are close to the lowest we are likely to see Bitcoin go unless there is some brutal news on the horizon. The peaks and troughs on the trading charts are getting smaller over time, meaning we are approaching a stable point around $6200.
if miners can't make ends meet in case of a price drop then they will shut down their miners. but this is not something that happens for all of them. only some miners are affected and as a result only some of them shut down their miners while others continue mining.
and as this happens, difficulty comes down and things go back to normal.
Yes not all miners would be facing loss due to fall in bitcoin price.Mining costs vary for different cothey should understand that bitcoinuntries.B itcoin price is unpredictable.For all those who are concerned about bitcoin price,they should first understand that bitcoin price should be considered in long term basis and not on short term which would suit only for altcoins. and as this happens, difficulty comes down and things go back to normal.
We can not predict the price on the market at the moment. After the price adjustment of Bitcoin this time, the price may increase more than $ 8000. However, the price may still fall for a long time and until the history repeats.
If for me, then I accumulate bitcoin in my wallet, because I hope that it will cost more than $ 50,000. And for me, the lower the price is the better. Because I will buy more of it.
I come from the future and it dropped.
I'm not worried at all though. Only the investors who don't know what they want panic sell - The others should be inside with a purpose and possibly with a plan.
I truly respect the ones that hold due to the advantages it will bring to the society in a not so distant future and they will be certainly rewarded for their faith.
Let's see who holds and who regrets.
I'm not worried at all though. Only the investors who don't know what they want panic sell - The others should be inside with a purpose and possibly with a plan.
I truly respect the ones that hold due to the advantages it will bring to the society in a not so distant future and they will be certainly rewarded for their faith.
Let's see who holds and who regrets.
No one can say exactly what the price of bitcoin will be in the future. What you need to do is consult documents, news, ... Although the ratio is 50:50, no risk then how can succeed, right?
For sure, we can not do anything except holding and waiting. Hopefully it will come back soon.
Don't worry you're not alone everyone is concerned . This call investing and you can't achieve success without taking any risk. Concerned is necessary in every investment its the universal truth
currently bitcoin prices are between $ 7000 - $ 6000. I think that's good, because bitcoin is sticking to that value. and you are right, the miners will still do mining. I hope that the next halving of bitcoin and miners will make fantastic prices. and I believe in the next year the price of bitcoin will rise high.
If the prices were go beyond $6000 then it will become very critical for the bitcoin since the mining cost will exceeds the rewards so the miners will stop supporting the bitcoin mining but for now the prices were still at the profitable range and also the whales are concerned too if that fall much so they will keep that in position.
currently bitcoin prices are between $ 7000 - $ 6000. I think that's good, because bitcoin is sticking to that value. and you are right, the miners will still do mining. I hope that the next halving of bitcoin and miners will make fantastic prices. and I believe in the next year the price of bitcoin will rise high.
Some people are concerned because they are loosing hope. I say it is not time to be concerned. Be ready for a recover because it is coming soon
if I believe, sooner or later bitcoin will soon recover as before. surely it won't be forever like this. especially things like this have made other friends worry. so we don't worry too much.
If you are exclusively into speculation and short-term profits only, that may take forever for you (according to your planning horizon obviously). Bitcoin right now seems to be rock solid considering the fact that all other coins have been falling like shit, and most of them are shit anyway. In my view, it is a good thing as long-term stability is what bitcoin desperately needs for real life adoption. The longer it stays that way, the more trust it will receive, which would be a good basis for consistent and organic growth in the future, with all unscrupulous parasites dying off in the process.
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