Topic: Reason Why BTC will Dump to 2.5K$ - page 3. (Read 777 times)

Adding flavor to the dip? come on, don't add something to cause panic for newbies with the situation. It took time before price went down to $5,400. But during February, you can see that the market plummeted by that time and was able to increase again which can be compared to of this day.

Is this related to the tax inspection and regulations there?

It's very simple: look what month it is and what date it is.Now is the best way to buy bitcoin before it takes off again in the sky at the beginning of next month. You should understand that Analytics is rarely wrong and bitcoin will grow several times accurately. Maybe not as high as next year, but it will grow.

Yes why people now think that because bitcoin price was falling, they conclude that it will going to be destroyed. If we will go back where the time were bitcoin was created, it is lower than its value today, but still there are miners already who gets profit from it. 2017 was just a big change when it pumped so high and changed the perspective of every bitcoin user because they are expecting now for a higher more value of it.

Your brain is too small to understand difference between a fud and ASIC miner earing.

I also saw the market it dump only 700USD in today so it is just a panic selling of Bitcoin. But bullish market is nearly waiting for end of this month so I don't take it in mind. If you think major tragedy is depends on mining industry it is not acceptable because already more than 75 percentage of the Bitcoin will be mined so demands is the major role in price fluctuation of Bitcoin and other altcoins are follow Bitcoin because all peoples are having some Bitcoin and altcoins.

You should be automatically banned for posting such FUD.
Little to no chance that we see that price in the near future.

Actually, your theoretical assertion is not technical enough as it lacks some  professional reasoning. People will still mine bitcoin at any price. You have got to see beyond the dollar value of bitcoin.

next gen asics are already made.
they are currently being cough quality assurance tested cough (meaning they are running them and spending the rewards)
delivery to customers wont be until final week of december. so pools will be turning off their old gen asics and replacing them with next gen(they already have in some facilities)

such a shame they broke the 12 month tested $5.8 support value line. especially only a couple days after a calender year of prices being above $5800

anyway back to the mining:
electric is never free. especially for asic farms.
yea the odd teenager/ out of work person is still living with parents. but the amount of mining without concerning the main bill payer wont be huge enough/earn enough coin to cause any price drama on the markets

so sticking with the mining farms/asic manufacturers, which do have costs:

imagining a scenario of ALL asics swapped in one day (14thash->28thash asics). would see a mining cost of
~$4.9k(min average) per btc at 50exa
~$3.9k(min average) per btc at 40exa

if a scenario of all asics were still last gen (14thash) would see a mining cost of
~$6.3k(min average) per btc at 50exa
~$5.1k(min average) per btc at 40exa

so definetly no where near 2.5k(though i can understand the maths of that number if all rigs were electric free)

if hashrate goes back up to say over 61exa we will see costs go up above $6k for the next gen. and thus they would refuse to sell for less than $6k. so lets hope the new asics will push hashrate up after this temporary swap event

I strongly disagree China banning the bitcoin is not official but even if it was real and official this is old news like since January. Nevertheless, Almost all the mining companies are already relocated in other Bitcoin-friendly like Canada, Denmark, Iceland, and The United States where of course the prices for electricity, web hosting, tech support, and machines are higher... There must be another reason like massive withdrawals or some other thing that we do not know yet

You have a better response here but from what I'm seeing presently with the bear from the beginning of this year till now, we are yet to see price drop below $5000, I don't think we might see $4000.

But I don't think bitcoin will go down that far up to $ 2000, bitcoin goes down just because of the bad news that often happens this week and the state of the bear market also affects the decline in bitcoin, so we are patient like last 2014-2016

I think that Bitcoin will not fall so low. I think the market situation is not so bad for this to happen. I think that the panic will soon end and growth will begin.

I think that the collapse will come already on 4k dollars because now China has stopped mining bitcoin

Whales are just waiting for people to panic !  I have long expected a hike on 4800-5100 +-10% in terms of volatility of the cue ball. Before a new wave of growth, it had to happen.  I do not believe that bitcoin will cost less than $ 4000 !

What do you want to benefits from the FUD? It might be disappointing to know that you are not part of the whales, not even waiting to acquire if it slumps lower than the present price.

Use your head once in a while! When Bitcoin was in the bear market of 2016 with prices below 4000 miners were also below the point of profitability with no way to pay off equipment bought in 2014 for $600 and more. Did that destroy Bitcoin? Even if we repeat 2015 and 16 worst thing that can happen is another 6 months of bear market and maybe 4000 dollar low

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.