Topic: Is it just me or everyone is concerned? - page 4. (Read 791 times)
As we all know by now, nothing is certain when it comes to price speculations but I believe strongly that bitcoin is going to stay around the $6,500 - $7,000 at least for the rest of the months in 2018.
As long as people are still mining bitcoins at $1,567 a pop, then they can still make some good profits. 
https://bitcoinexchangeguide.com/canadas-bitfarms-bitcoin-mining-company/
Ok, that is just the electricity cost and they have some other cost too, but it shows that it is still profitable for them to do it.
We are still going strong, do not lose faith in this technology, because the price drop with a few hundred dollars.
https://bitcoinexchangeguide.com/canadas-bitfarms-bitcoin-mining-company/
Ok, that is just the electricity cost and they have some other cost too, but it shows that it is still profitable for them to do it.
We are still going strong, do not lose faith in this technology, because the price drop with a few hundred dollars.
The current trend show that bitcoin is affected by ETF issues,which lead to pump and dump but it is good for bitcoin as it will get more exposure to people. When it will rise depends on adoption.
The drop in price hasn't only affected you, I personally know a lot of people, most of them are newbies and they got so scared that they sold their coins for huge loss. Thankfully, the situation is changing again, though it is recovering slowly but that is good for Bitcoin, a sudden rise would have needed another correction and it would create more panic.
To me That way they can stay liquid and pay their bets in prolonged bear markets and conditions we are having now with the profitability. Ofcourse that isnt true for the small miners, they cant endure this conditions.
For quite sometime now I have been secretly praying and hoping that Bitcoin doesn’t rush with this upward trend.
I do not think the miners will be able to keep supporting bitcoin mining if the price goes below 6000$.
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!
Definitely not. Dynamics of bitcoin volatility will remain unchanged until the end of the year. Another question is why do you think miners will stop serving bitcoin when its amount drops below$6,000? In my opinion, this statement has no basis.I do not think the miners will be able to keep supporting bitcoin mining if the price goes below 6000$.
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!
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!
Definitely not. Dynamics of bitcoin volatility will remain unchanged until the end of the year. Another question is why do you think miners will stop serving bitcoin when its amount drops below$6,000? In my opinion, this statement has no basis. I do not think the miners will be able to keep supporting bitcoin mining if the price goes below 6000$.
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!
if in my opinion this is normal, because if the price remains stable it will not be called the crypto market. so that's what the market calls for.
sometimes it can rise dramatically and sometimes it can also drop dramatically.
sometimes it can rise dramatically and sometimes it can also drop dramatically.
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!
Miners are hedging their bets with futures. That way they can stay liquid and pay their bets in prolonged bear markets and conditions we are having now with the profitability. Ofcourse that isnt true for the small miners, they cant endure this conditions, and will have to go bust
Commenting whether the increase is organic or not will be tough because of the volatility of the market. Plus giving an assurance of the price level is tough too. But we do hope that the price will increase.
We are seeing such increase in the price of bitcoin from the starting of the year. The market is very much volatile this year and it is in continuous mood. Considering this, we cannot say that this increase is organic. But we can expect that this level will not go down rather will increase.
There was a bad condition for bitcoin and there user. But the prices is recover it is a good news but we need to be concern all should be concern to invest but hope it will be stable.
It will never happen that most of the miners will stop mining. As I mentioned there are more and more new miners who are maybe not so professional in the topic, but they will not stop for sure as most of them hope for better. That's why there's no reason for panic.
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!
Bitcoin is volatile, so we can not say that the price will not going to drop sometimes. If you invest by that amount, you should not be afraid of the dropping but then you should also be glad that you can invest more bitcoins. On the other hand, bitcoin will not disappoint any investor, as long as you have patience to wait. And I think miners will always be supportive because they that bitcoin price will always going up.
We can't prediction price in the market as you know. Everything just hopes and gut feeling. And in the financial market, the gut feeling usually kill us lots.
btw, i believe whale will dont let bitcoin dump to below 6k as people wishes
btw, i believe whale will dont let bitcoin dump to below 6k as people wishes
Now the condition of this market is very much volatile and in the light of this present situation, we cannot say that this increase is organic and it is also very difficult to give assurance the price level in this market. We are hopeful that price will continue to rise more.
No one can really say if it will drop or not, what we can say is to give speculations about what we feel can happen and it's a 50:50 event which might later not happen. But i am sure there is no constant uptrend, if it rises, expect it to fall. If it falls, expect it to rise. So no panicking or fudding.
The cryptocurrency market is very unstable. Mining Bitcoin is risky but there's no profit without taking risks. I hope that the price of Bitcoin will not fall this time. Let's see what happens.
I can’t surely tell you that because everything in bitcoin is very unpredictable. If SEC accept the ETF of bitcoin than we can assume that the price may rise more than $7000. Let’s just hope that whether it is approve or not the price may remain this for a while.
Glad you brought this up actually, i was wondering the same thing.
I was a little concerned that if the price dropped then it would be catastrophic because of what you mentioned.
The other thing that kind of worries and excites me at the same time is- what happens when the halving starts in 2020? Miners will be receiving half the reward for mining so what does that mean? Does the price of Bitcoin have to be very high (higher than what it is now which i expect) to make mining profitable? Or does it mean that its not going to be financially worth it if it hasn't reached these levels?
If anyone could enlighten us i'd be grateful!
I was a little concerned that if the price dropped then it would be catastrophic because of what you mentioned.
The other thing that kind of worries and excites me at the same time is- what happens when the halving starts in 2020? Miners will be receiving half the reward for mining so what does that mean? Does the price of Bitcoin have to be very high (higher than what it is now which i expect) to make mining profitable? Or does it mean that its not going to be financially worth it if it hasn't reached these levels?
If anyone could enlighten us i'd be grateful!
This is why Bitcoin has such a genius design, as Bitcoin will always find equilibrium in some way. After the halving, the price ideally should be higher. However, if it is not higher, and mining becomes unprofitable, then some miners will likely leave the chain. As more miners leave, it actually becomes more profitable for the miners that stay mining. The reason for this is because the remaining miners now have a higher chance of solving the next block, since they control a higher percentage of the hash rate now. The difficulty would also adjust downwards, making it easier to mine blocks and further increasing profitability. Once profitability is high enough, whatever miners that left the chain in the first place will come back to earn said profit.
So even if Bitcoin's price goes below the cost of mining, if miners do leave, whatever miners stay will get better odds of finding the next block and therefore higher profitability. Difficulty would also adjust downwards, and make it much easier for those miners to solve the blocks.
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