Reason Why BTC will Dump to 2.5K$ | Bitcointalksearch.org

fasdorcas

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Quote from: ThankThake on November 22, 2018, 02:07:29 AM

Quote from: Kevin77 on November 17, 2018, 09:04:19 AM

Quote from: alexey14 on November 14, 2018, 03:23:20 PM

If Mining BTC Even with free electricity cannot pay the mining equipment in a year, that will be the doomsday of BTC, 2000$-2500$ is the limit.

Normally I would love to sit here and say there is no possible way the price will dump to $2.5k but apparently that type of stuff could happen at any given time. I mean that is really too low and would really destroy all of the interest we have worked to gain over the years but it would also be possibly the best thing that could happen to bitcoin as well.

Yes, all of our investments would worth a lot less than we initially got in but than we will have chance to get bitcoin for incredibly cheap, if it reaches $2.5k it means when it goes to $25k that is 10 times the profit. There is of course, no guarantee that it will go to $25k but I assume it will happen eventually one day, maybe not today or tomorrow but 5 years from now would you be shocked if the price was $25k ?

And apparently there is no such tool with which we can say what would be the price of bitcoin in coming days. Right now, there is a chaos being made by people because they know bitcoin’s golden time has just arrived.

Times like this is when we get to see FUD the more, and the people I pity the most are those who tend to listen to this and then dump all they have at loss, and then eventually get scammed by some so called people who are trying to manipulate their minds into getting a lot from them eventually. Bear trend has always been a good time for accumulation.

Whether it drops as low as even $2k, I really have nothing to be bothered about. There is time for everything and if you are smart enough as an investor, you will know time when people are scared like this is when you should be accumulating.

pinoyden

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Quote from: ThankThake on November 22, 2018, 02:07:29 AM

Quote from: Kevin77 on November 17, 2018, 09:04:19 AM

Quote from: alexey14 on November 14, 2018, 03:23:20 PM

If Mining BTC Even with free electricity cannot pay the mining equipment in a year, that will be the doomsday of BTC, 2000$-2500$ is the limit.

Normally I would love to sit here and say there is no possible way the price will dump to $2.5k but apparently that type of stuff could happen at any given time. I mean that is really too low and would really destroy all of the interest we have worked to gain over the years but it would also be possibly the best thing that could happen to bitcoin as well.

Yes, all of our investments would worth a lot less than we initially got in but than we will have chance to get bitcoin for incredibly cheap, if it reaches $2.5k it means when it goes to $25k that is 10 times the profit. There is of course, no guarantee that it will go to $25k but I assume it will happen eventually one day, maybe not today or tomorrow but 5 years from now would you be shocked if the price was $25k ?

And apparently there is no such tool with which we can say what would be the price of bitcoin in coming days. Right now, there is a chaos being made by people because they know bitcoin’s golden time has just arrived.

what golden time are you talking about ? you mean the current bear trend ? the trend has been running for almost a year ever since we hit the month of january 2019 but look at btc and altcoins , both cryptos are still down . that is only an evidence that no one is buying even if they see that the price is too damn low but thanks to those die hard hodlers , they are only the one that hodling the price so that it cannot go down lower than 2k usd . anyway lets just hope for the better .

ThankThake

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Quote from: Kevin77 on November 17, 2018, 09:04:19 AM

Quote from: alexey14 on November 14, 2018, 03:23:20 PM

If Mining BTC Even with free electricity cannot pay the mining equipment in a year, that will be the doomsday of BTC, 2000$-2500$ is the limit.

Normally I would love to sit here and say there is no possible way the price will dump to $2.5k but apparently that type of stuff could happen at any given time. I mean that is really too low and would really destroy all of the interest we have worked to gain over the years but it would also be possibly the best thing that could happen to bitcoin as well.

Yes, all of our investments would worth a lot less than we initially got in but than we will have chance to get bitcoin for incredibly cheap, if it reaches $2.5k it means when it goes to $25k that is 10 times the profit. There is of course, no guarantee that it will go to $25k but I assume it will happen eventually one day, maybe not today or tomorrow but 5 years from now would you be shocked if the price was $25k ?

And apparently there is no such tool with which we can say what would be the price of bitcoin in coming days. Right now, there is a chaos being made by people because they know bitcoin’s golden time has just arrived.

Siren

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Quote from: alexey14 on November 14, 2018, 03:23:20 PM

If Mining BTC Even with free electricity cannot pay the mining equipment in a year, that will be the doomsday of BTC, 2000$-2500$ is the limit.

Who cares about the price of $2,500?for sure i know the answer,its you and those noobs and stupid that enters crypto just to gain and nothing else more
Because this currency has a great technology behind and this is why bitcoin and all legit cryptocurrency has a future for humanity,sooner everything will be in computer form thats why we will be using this currency in time

BlackPanda

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Quote from: DedgeDoge on November 20, 2018, 04:26:02 AM

Quote from: Adriano2010 on November 15, 2018, 07:12:41 PM

I don't think that and i see some people spreading FUD to make people panic and selling their coins for a low price or trying to get more fall in price so someone or a group can buy more cheap bitcoin until the price will not have a bill run this year and they make a nice profit. Hold your coins guys and girls and wait for a better price.

I don’t know about you but yes, I have seen some stories. Right now, the lowest price of this year, this is statement with which people are getting afraid and some are making fud of it.

Conditions that are so scary and have made many people suffer losses. Maybe if it really happened that was done by the manipulator then it is likely that the price of Bitcoin will increase again. As we know that a manipulator is dumping and pumping bitcoin. They do this so they can make a profit and they are the main actors that cause others to suffer losses. Hopefully this happens, because there must be a pase where the price of Bitcoin will increase. Be patient and continue to wait until the situation improves and then we can avoid losses.

CoinFoxs

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Quote from: 5ensei on November 18, 2018, 06:46:30 AM

There is a benefit of going down to 2,500 which is for a wider distribution of bitcoins. Many others will see it as a good entry price, especially those in poorer countries that now rely on bitcoin e.g. Venezuela.

What about those investors who have bought bitcoins when the price was at 18k$? Due to current market condition, people start losing their trust in bitcoin and some news is circulated that this time bitcoin will die which result in panic selling of bitcoin. And the reason for the dumping is that people think that this attack will influence bitcoin strongly and bitcoin will die soon.

I never agree with you on this opinion of yours.

AccountTrade

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Quote from: alexey14 on November 14, 2018, 03:23:20 PM

If Mining BTC Even with free electricity cannot pay the mining equipment in a year, that will be the doomsday of BTC, 2000$-2500$ is the limit.

If there are less miners the difficulty will decrease. Then it would be more profitable to mine bitcoin with less hash.

Kemarit

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Quote from: okala on November 17, 2018, 01:01:54 PM

Maybe people are becoming tired of cryptocurrencies investments and market because of the market behavior this year. Bitcoin getting dump below $5000 is what I did not expect but everything is very possible. We should keep our fingers crossed and see what happens in future as I am ready for any market situation.

It only proves that bitcoin price prediction is really unpredictable as there are many parameters to factor in. This past few days are the worst for this year and its totally unexpected. Jihan Wu/Roger Ver and CW starting their power grabs took its toll on us.

Oh well another newbie starting a thread and looks like creating another FUD. Smart members knew that this was coming, they usually comes out with Bitcoin is going down and then hide again when the bull run started. Grin

DedgeDoge

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Quote from: Adriano2010 on November 15, 2018, 07:12:41 PM

I don't think that and i see some people spreading FUD to make people panic and selling their coins for a low price or trying to get more fall in price so someone or a group can buy more cheap bitcoin until the price will not have a bill run this year and they make a nice profit. Hold your coins guys and girls and wait for a better price.

I don’t know about you but yes, I have seen some stories. Right now, the lowest price of this year, this is statement with which people are getting afraid and some are making fud of it.

Alfiehob

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Quote from: minersday on November 17, 2018, 05:43:36 PM

Quote from: Harkorede on November 17, 2018, 04:14:37 PM

Quote from: alexey14 on November 14, 2018, 03:23:20 PM

If Mining BTC Even with free electricity cannot pay the mining equipment in a year, that will be the doomsday of BTC, 2000$-2500$ is the limit.

Your seem to be clueless with your analysis, how were miners able to cope when bitcoin wasn't worth $1,000 ? and Bitcoin at it's worse of the year so far is worth more than $5,000. You need to understand that electricity carries a relatively huge percentage of mining cost.

Because he is a newbie, he has no source for all this.

People need to see that this is just a FUD thread, and it is a nonsense. Better to skip this thread and only look for serious information with details.

Of course that bitcoin is not going to go that deep, at least, not during this year.

Mining equipment costs are always lowering with more hashpower machines come out and better innovations and improvements are made to mining but in the end what matters is that miners are the ones who decide on the price. If they decline on selling under the cost than they will keep their bitcoins and they won't allow it to go down.

Do you know why everybody believed bitcoin prices wouldn't go under 6 thousand dollars and why it actually did go under 6 thousand dollars? Because people believed the price for break even in mining was 6 thousand dollars and miners wouldn't sell under 6 thousand dollars and they really didn't. However when this bitcoin cash thing happened they all started selling to cover for the expense of the war. So the price all depends on the miners, as long as they don't sell no problem will happen but if they do than there is no bottom.

qualitywork

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Just can't understand how you people's Assume Even it is a prediction. Think logically BTC is very popular in cryptocurrency, there are lot of prediction by the end of this year.

liuqi

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Quote from: 5ensei on November 18, 2018, 06:46:30 AM

There is a benefit of going down to 2,500 which is for a wider distribution of bitcoins. Many others will see it as a good entry price, especially those in poorer countries that now rely on bitcoin e.g. Venezuela.

It is impossible to reach in future so I didn't imagine these things so we will see good result in upcoming days. Many peoples are expecting a new opportunity of beginners bit previous holders are loose the hope and they are all afraid in future investment so we will not support these kind of bearish market.

5ensei

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There is a benefit of going down to 2,500 which is for a wider distribution of bitcoins. Many others will see it as a good entry price, especially those in poorer countries that now rely on bitcoin e.g. Venezuela.

eaLiTy

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Quote from: alexey14 on November 14, 2018, 03:23:20 PM

If Mining BTC Even with free electricity cannot pay the mining equipment in a year, that will be the doomsday of BTC, 2000$-2500$ is the limit.

Hope you are aware that corporates have taken control of the mining industry and they have their reserves to fund for a few years as they have made a lot of profit and so is the reason they are still continuing to function, there was a time when the market was below $1k and they did not stop these process at that time and you really think that they will dump everything now, i really do not have a problem with some mining corporates closing down because of the competition and these competition arises simply because of the profit they see and that does not mean that the price will go down, the price of bitcoin depends upon more people investing in this market rather than what the mining industry does.

gabmen

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Quote from: mace15 on November 17, 2018, 11:26:41 PM

Quote from: okala on November 17, 2018, 01:01:54 PM

Maybe people are becoming tired of cryptocurrencies investments and market because of the market behavior this year. Bitcoin getting dump below $5000 is what I did not expect but everything is very possible. We should keep our fingers crossed and see what happens in future as I am ready for any market situation.

That is true people are being disappointed with the btc price this year. No signs of bull run that most awaited to happen. This past days price really drops so we should be calm and be hopeful that still it can recover. Let us see the market condition by next year that I think their is new thing to happen.

It's not even a year of this trend and people are getting tired? Nah. Probably those that keep losing money trying to short bitcoin are the ones getting tired losing money. At this point, btc is still at a young stage and growth still is inevitable in the years to come.

mace15

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Quote from: okala on November 17, 2018, 01:01:54 PM

Maybe people are becoming tired of cryptocurrencies investments and market because of the market behavior this year. Bitcoin getting dump below $5000 is what I did not expect but everything is very possible. We should keep our fingers crossed and see what happens in future as I am ready for any market situation.

That is true people are being disappointed with the btc price this year. No signs of bull run that most awaited to happen. This past days price really drops so we should be calm and be hopeful that still it can recover. Let us see the market condition by next year that I think their is new thing to happen.

minersday

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Quote from: Harkorede on November 17, 2018, 04:14:37 PM

Quote from: alexey14 on November 14, 2018, 03:23:20 PM

If Mining BTC Even with free electricity cannot pay the mining equipment in a year, that will be the doomsday of BTC, 2000$-2500$ is the limit.

Your seem to be clueless with your analysis, how were miners able to cope when bitcoin wasn't worth $1,000 ? and Bitcoin at it's worse of the year so far is worth more than $5,000. You need to understand that electricity carries a relatively huge percentage of mining cost.

Because he is a newbie, he has no source for all this.

People need to see that this is just a FUD thread, and it is a nonsense. Better to skip this thread and only look for serious information with details.

Of course that bitcoin is not going to go that deep, at least, not during this year.

Harkorede

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Quote from: alexey14 on November 14, 2018, 03:23:20 PM

If Mining BTC Even with free electricity cannot pay the mining equipment in a year, that will be the doomsday of BTC, 2000$-2500$ is the limit.

Your seem to be clueless with your analysis, how were miners able to cope when bitcoin wasn't worth $1,000 ? and Bitcoin at it's worse of the year so far is worth more than $5,000. You need to understand that electricity carries a relatively huge percentage of mining cost.

roosbit

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Random coins :)

Quote from: alexey14 on November 14, 2018, 03:23:20 PM

If Mining BTC Even with free electricity cannot pay the mining equipment in a year, that will be the doomsday of BTC, 2000$-2500$ is the limit.

If you don't keep a positive mind about crypto this will contribute to bringing the price down but I think we have a lot of lurkers waiting to jump on the boat as they coins are much more affordable...so no need to panic we ain't going that low!

stayeduptolate

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Quote from: alexey14 on November 14, 2018, 03:23:20 PM

If Mining BTC Even with free electricity cannot pay the mining equipment in a year, that will be the doomsday of BTC, 2000$-2500$ is the limit.

I don't think that $2k is ever gonna be reached and you should have posted some more information on how you reached to this conclusion. The Miners are already in a negative after this price dump from 6k to 5k and if further price dump takes place then only big companies will be mining bitcoins as they can afford short term gains to gain long term monopoly in the mining market and once they obtain that monopoly then they will be controlling the decentralized network and it will cause centralization of bitcoin thus its end.

Topic: Reason Why BTC will Dump to 2.5K$ (Read 777 times)