We will break $200 again - page 7. | Bitcointalksearch.org

lexuz

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Me, myself and I

Quote from: shane on August 28, 2015, 10:47:10 AM

Quote from: g-unit on August 28, 2015, 10:33:31 AM

Quote from: ABCbits on August 28, 2015, 09:52:06 AM

Maybe we'll another flash drops to $198 again Roll Eyes

I hope you'll get a chance to buy those cheap coins

But, if bitcoin really drops below $200 it could be dangerous for bitcoin itself.
Miners could stopped their mining activity & people sell their bitcoin to prevent bigger losses, and if that happened bitcoin would go back again to 2011 Sad

Not really. The difficulty would drop and it'd be easier/cheaper to mine.

This is something reasonable, if bitcoin price down, "big mining company" will shut down some hardware to reduce electric cost

Talk about mining company, i think already shut down not need price down. Like ltcgear,cloudminr. mining now is not profitable, if price still below $300

Ab-Soul

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Quote from: smoothie on August 27, 2015, 05:29:20 AM

It will happen.

I'm a long term bull. But in the short to medium term. We are generally going down. Best case (side ways for a while).

Probably hit $133 or so.

Just my smooth-cents. Grin

I hope we hit 133$. I have a lot of dollars I need to buy Bitcoin.

richardsNY

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Quote from: shane on August 28, 2015, 10:47:10 AM

Quote from: g-unit on August 28, 2015, 10:33:31 AM

Quote from: ABCbits on August 28, 2015, 09:52:06 AM

Maybe we'll another flash drops to $198 again Roll Eyes

I hope you'll get a chance to buy those cheap coins

But, if bitcoin really drops below $200 it could be dangerous for bitcoin itself.
Miners could stopped their mining activity & people sell their bitcoin to prevent bigger losses, and if that happened bitcoin would go back again to 2011 Sad

Not really. The difficulty would drop and it'd be easier/cheaper to mine.

This is something reasonable, if bitcoin price down, "big mining company" will shut down some hardware to reduce electric cost

Not necessarily. The price has been going down for more than a year now and the difficulty has been rising nearly all the time. Large pools are very dedicated, especially the mining farms in China. Says enough.

shane

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Quote from: g-unit on August 28, 2015, 10:33:31 AM

Quote from: ABCbits on August 28, 2015, 09:52:06 AM

Maybe we'll another flash drops to $198 again Roll Eyes

I hope you'll get a chance to buy those cheap coins

But, if bitcoin really drops below $200 it could be dangerous for bitcoin itself.
Miners could stopped their mining activity & people sell their bitcoin to prevent bigger losses, and if that happened bitcoin would go back again to 2011 Sad

Not really. The difficulty would drop and it'd be easier/cheaper to mine.

This is something reasonable, if bitcoin price down, "big mining company" will shut down some hardware to reduce electric cost

g-unit

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Activity: 432

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Quote from: MF Doom on August 28, 2015, 10:40:34 AM

Quote from: erikalui on August 28, 2015, 09:31:48 AM

Quote from: jjacob on August 28, 2015, 08:58:55 AM

Quote from: smoothie on August 27, 2015, 05:29:20 AM

It will happen.

I'm a long term bull. But in the short to medium term. We are generally going down. Best case (side ways for a while).

Probably hit $133 or so.

Just my smooth-cents. Grin

Breaking $200 will be very disappointing for me.
I had factored in a 'worst case' scenario of $200.

Even if it does reach, there's nothing to worry about as bitcoin is a currency that doesn't keep following a down trend. Patience matters a lot and I've been witnessing it's price fluctuating from $295-$210 since few months but have never gone in loss due to the price.

I think it has been following a downtrend since about january of 2014. Yes there have been minor (temporary) support levels, and a few good runups that I can remember, but overall we're in a downtrend, and appear to still be in it.

At the time being it looks like the $200 level may hold, but then again, I thought the $250 level would as well, especially when we ran up to over $300 last month. I think too many are being squeezed out, so the less people in the market are making greater volatility possible.

True, but look at it this way too….we've been in an uptrend since January 2015

.

MF Doom

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Quote from: erikalui on August 28, 2015, 09:31:48 AM

Quote from: jjacob on August 28, 2015, 08:58:55 AM

Quote from: smoothie on August 27, 2015, 05:29:20 AM

It will happen.

I'm a long term bull. But in the short to medium term. We are generally going down. Best case (side ways for a while).

Probably hit $133 or so.

Just my smooth-cents. Grin

Breaking $200 will be very disappointing for me.
I had factored in a 'worst case' scenario of $200.

Even if it does reach, there's nothing to worry about as bitcoin is a currency that doesn't keep following a down trend. Patience matters a lot and I've been witnessing it's price fluctuating from $295-$210 since few months but have never gone in loss due to the price.

I think it has been following a downtrend since about january of 2014. Yes there have been minor (temporary) support levels, and a few good runups that I can remember, but overall we're in a downtrend, and appear to still be in it.

At the time being it looks like the $200 level may hold, but then again, I thought the $250 level would as well, especially when we ran up to over $300 last month. I think too many are being squeezed out, so the less people in the market are making greater volatility possible.

ABCbits

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Maybe we'll another flash drops to $198 again Roll Eyes

I hope you'll get a chance to buy those cheap coins

But, if bitcoin really drops below $200 it could be dangerous for bitcoin itself.
Miners could stopped their mining activity & people sell their bitcoin to prevent bigger losses, and if that happened bitcoin would go back again to 2011 Sad

g-unit

sr. member

Activity: 432

Merit: 250

Quote from: ABCbits on August 28, 2015, 09:52:06 AM

Maybe we'll another flash drops to $198 again Roll Eyes

I hope you'll get a chance to buy those cheap coins

But, if bitcoin really drops below $200 it could be dangerous for bitcoin itself.
Miners could stopped their mining activity & people sell their bitcoin to prevent bigger losses, and if that happened bitcoin would go back again to 2011 Sad

Not really. The difficulty would drop and it'd be easier/cheaper to mine.

erikalui

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Activity: 2632

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Quote from: jjacob on August 28, 2015, 08:58:55 AM

Quote from: smoothie on August 27, 2015, 05:29:20 AM

It will happen.

I'm a long term bull. But in the short to medium term. We are generally going down. Best case (side ways for a while).

Probably hit $133 or so.

Just my smooth-cents. Grin

Breaking $200 will be very disappointing for me.
I had factored in a 'worst case' scenario of $200.

Even if it does reach, there's nothing to worry about as bitcoin is a currency that doesn't keep following a down trend. Patience matters a lot and I've been witnessing it's price fluctuating from $295-$210 since few months but have never gone in loss due to the price.

srgkrgkj

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Quote from: jjacob on August 28, 2015, 08:58:55 AM

Quote from: smoothie on August 27, 2015, 05:29:20 AM

It will happen.

I'm a long term bull. But in the short to medium term. We are generally going down. Best case (side ways for a while).

Probably hit $133 or so.

Just my smooth-cents. Grin

Breaking $200 will be very disappointing for me.
I had factored in a 'worst case' scenario of $200.

well we might see prices in the 100s soon lol it doesn't seem 220 or figures close are strongly held Sad

jjacob

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Quote from: smoothie on August 27, 2015, 05:29:20 AM

It will happen.

I'm a long term bull. But in the short to medium term. We are generally going down. Best case (side ways for a while).

Probably hit $133 or so.

Just my smooth-cents. Grin

Breaking $200 will be very disappointing for me.
I had factored in a 'worst case' scenario of $200.

Monopoly

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Activity: 546

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Quote from: smoothie on August 27, 2015, 05:29:20 AM

It will happen.

I'm a long term bull. But in the short to medium term. We are generally going down. Best case (side ways for a while).

Probably hit $133 or so.

Just my smooth-cents. Grin

I am Seeing a logical word after days ...... for long time we break so many supports like $900,800,700,600,500,400,450,400,350,300 .... it's obvious we will break 200 and even 100 and even 50 very soon .

Hunyadi

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Quote from: smoothie on August 28, 2015, 01:10:51 AM

Quote from: Chef Ramsay on August 28, 2015, 12:06:21 AM

Quote from: jehst on August 27, 2015, 09:53:49 PM

Doesn't matter if some miners will have to drop out. Blocks will take a long time for a while and then difficulty will drop. Then miners will come back. Difficulty has done nothing but go up for 2 years.

Agreed but the price has gone down that much during such a time. I suggest you realize that at this point. We could go down swiftly w/o much resistance at this point, margins could reign supreme. Make a call!

Maximum pain has not been reached.

Miners are still profitable and when they are likely all unprofitable then the pain is going to set in.

Still think price is going to stagnate in the near/medium term.

They were unprofitable in January.

zero01

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I hope it will not go down again
maybe if the price can drop below $ 200 would be a lot of people who stopped looking for bitcoin, but I am sure that the big players will not let it happen

smoothie

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Quote from: Chef Ramsay on August 28, 2015, 12:06:21 AM

Quote from: jehst on August 27, 2015, 09:53:49 PM

Doesn't matter if some miners will have to drop out. Blocks will take a long time for a while and then difficulty will drop. Then miners will come back. Difficulty has done nothing but go up for 2 years.

Agreed but the price has gone down that much during such a time. I suggest you realize that at this point. We could go down swiftly w/o much resistance at this point, margins could reign supreme. Make a call!

Maximum pain has not been reached.

Miners are still profitable and when they are likely all unprofitable then the pain is going to set in.

Still think price is going to stagnate in the near/medium term.

Chef Ramsay

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Quote from: jehst on August 27, 2015, 09:53:49 PM

Doesn't matter if some miners will have to drop out. Blocks will take a long time for a while and then difficulty will drop. Then miners will come back. Difficulty has done nothing but go up for 2 years.

Agreed but the price has gone down that much during such a time. I suggest you realize that at this point. We could go down swiftly w/o much resistance at this point, margins could reign supreme. Make a call!

jehst

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21 million. I want them all.

Doesn't matter if some miners will have to drop out. Blocks will take a long time for a while and then difficulty will drop. Then miners will come back. Difficulty has done nothing but go up for 2 years.

shane

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Quote from: BitmoreCoin on August 27, 2015, 08:09:46 PM

Quote from: richardsNY on August 27, 2015, 11:02:52 AM

I think this time the support at $200 will be strong enough to not let it fall any lower. If it does go lower than $200 then it might stay there for a short while.

The cost of mining is about $150. If it is below $200 for some time, some miners will be shutdown.

may be you must ceck again the cost of mining bitcoin at here http://www.coinwarz.com/calculators/bitcoin-mining-calculator
https://bitcoinwisdom.com/bitcoin/calculator

jehst

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21 million. I want them all.

Quote from: notme on August 27, 2015, 07:42:19 PM

Quote from: jehst on August 27, 2015, 04:06:48 PM

Double-digits are possible. The protocol marches on relentlessly creating new bitcoin whether there's demand for them or not.

All the evidence so far indicates that bitcoin does poorly when the Chinese economy does poorly. Bitcoin is always down when the Chinese markets plunge.
The euro, Japanese yen, and Chinese yuan are all losing purchasing power. It's barely begun. Euro:dollar parity and 140 yen per dollar draw nearer. Even if people spend the same amount of fiat on bitcoin as before, they will end up supporting the price less because their currencies will be worth less.

Those with USD income will experience more purchasing power, but it will be canceled out by the increasing heaviness of their own USD-denominated debt: mortgages, student loans, sovereign debt, etc.

If bitcoin's price was going to break through $300 and stay there, then it would've happened on one of the past three attempts. There's no killer app here that can reverse the macroeconomic picture.

Many overeager bitcoin startups will go out of business. Many longs will be liquidated. (Going short is also dangerous because it doesn't take much money to spike the price and liquidate everyone.)

So if I were to have USD income and no debt I would win?

Yes. Then you buy tons of commodities + precious metals + BTC and wait.

shane

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Quote from: afbitcoins on August 27, 2015, 06:07:11 AM

If it gets below $190 I think there will be a washout.

may be you will waiting 2-3 months to get price under 200$
now price stabil at 220-230 and im sure will be up to 250$

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