What will actually happen if bitcoin price continue to drop? - page 10.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: Mometaskers on September 06, 2018, 12:09:42 PM

Quote from: mk4 on September 06, 2018, 10:03:26 AM

It's a mix of everything. Bitcoin's price crashes, some people are going to panic and some people are going to be excited with the low prices. There's no way to know which kind of person is larger in number. As for miners though, bitcoin was designed in a way that it will work regardless of what price it's at(besides zero, though zero is pretty much impossible).

Yes, that's why it's kinda hard to predict. As weaker hands start fleeing, further causing the price to drop, there would be vultures going in for a killing and buying those coins for cheap.

Thus making it almost impossible to have the price going worthless. And these vultures are the ones with enough assets to affect market movement to their advantage. So panic selling won't really do you much good here.

zitbau

jr. member

Activity: 180

Merit: 3

I think if bitcoin prices continue to fall many investors will sell their bitcoin. And those who suffer the most damage are the investors they are hosting bitcoin. For me, being a multi-year investor with bitcoin, I'm sure I'm still investing in it because I believe that the near future, its value can reach the moon.

estupido

newbie

Activity: 90

Merit: 0

by continuing to decline, of course all those who hold bitcoin will bear it all.

Mometaskers

hero member

Activity: 1764

Merit: 584

Quote from: mk4 on September 06, 2018, 10:03:26 AM

It's a mix of everything. Bitcoin's price crashes, some people are going to panic and some people are going to be excited with the low prices. There's no way to know which kind of person is larger in number. As for miners though, bitcoin was designed in a way that it will work regardless of what price it's at(besides zero, though zero is pretty much impossible).

Yes, that's why it's kinda hard to predict. As weaker hands start fleeing, further causing the price to drop, there would be vultures going in for a killing and buying those coins for cheap.

koincik

sr. member

Activity: 868

Merit: 265

★Bitvest.io★ Play Plinko or Invest!

It could be the end of all the other crypto money. A lot of crypto money is related with Bitcoin price. So I hope it wont.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

The continuous drop in price of bitcoin will effect the whole crypto community in one way or the other.
Firstly it will effect all the BTC holders whether it be the miners or traders or holders. Secondly it will effect all the other cryptocurrency holders since the drop in BTC will create a bigger drop in the price of altcoins. Next it would effect all the projects and platforms related to cryptocurrency and most probably disrupt it's progress.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

As the price keeps on dropping, it will open opportunity for new investors to enter the market. The lower price will attract new investors and they will start investing. As they invest, the price will start going back up again and which will cause the current investors to keep on holding their investment. Once a desired level is reached, some of the investors will start selling off their coins and the price might start dropping again. This cycle will keep on continuing unless some sort of manipulation takes place which will cause some sort of anomaly in the market.

JerryJam

member

Activity: 238

Merit: 11

The fall and growth of bitcoin is its peculiarity. Bitcoin cannot have a fixed cost. Everyone has a different attitude to this. If the price of bitcoin will continue to fall then this will primarily affect large investors. They're losing a lot of money. But bitcoin is not reduced. According to Tom Lee In the near future, the price of bitcoin will go up.

Kasliono

member

Activity: 266

Merit: 10

Quote from: Impulseboy on September 06, 2018, 09:20:52 AM

I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?

When the prices of bitcoin is still continue to drop, then it means that people are started to leave bitcoin. When it happened then it will affect the miner absolutely, because they cannot pay their electricity for their rig. Also, the buyer will loss a lot of money that they have.

Yesenia5

newbie

Activity: 1

Merit: 0

100% right mate. Just fooling around with the graph. Did u check the image?

blackhawkeye1912

sr. member

Activity: 784

Merit: 250

This current bitcoin price drop is affected by news about a certain U.S. bank planning to trash the creation of crypyocurrency trading desk. Somehow or another, investors are influence negatively by this news. But, no matter what happens, bitcoin will surely recover.

Dimonhamon

full member

Activity: 630

Merit: 102

In my opinion, a person will lose his money only when he sells his bitcoin now!

Sama517

jr. member

Activity: 196

Merit: 1

Quote from: Impulseboy on September 06, 2018, 09:20:52 AM

I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?

Everyone will be affected including you and I. Even the bounty hunters too. The market need something to just boost it as soon as possible. The current price falls are just terrible.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: pitiflin on September 06, 2018, 10:13:09 AM

You don't understand the point here. The price cannot drop forever, someone will try to make the price go up, because if they don't,everyone who has bought bitcoin at any point will go into a big loss. Miners won't be the main crowd that'd get affected, the investors would be the main crowd obviously.

Oh, but it can!!!
You think that BTC can't fail? You think that BTC will be alive forever?

At one point even it will be replaced by something else and forgotten, the only question is if it is going to happen in 10 years or in a hundred.

Quote from: pitiflin on September 06, 2018, 10:13:09 AM

If the price keeps going down, it would be implied that there's not enough demand for it, and the supply is more than the market demand. If there's no demand, the price won't fall,because no one will buy.

And anew Adam Smith is born.
If there is no demand the price will be 0 as people will try to sell lower and lower till they reach donation level.

Quote from: mk4 on September 06, 2018, 10:03:26 AM

It's a mix of everything. Bitcoin's price crashes, some people are going to panic and some people are going to be excited with the low prices. There's no way to know which kind of person is larger in number. As for miners though, bitcoin was designed in a way that it will work regardless of what price it's at(besides zero, though zero is pretty much impossible).

In theory, it could work even with the price being 0 as miners would be replaced by hobbyists..but with what purpose would those still mine....

Quote from: megasynk on September 06, 2018, 10:30:49 AM

I don't think that the continous fall of Bitcoin below 6k is even possible. There is an extreme support on this price level due to all miners for wich going lower would be a financial disaster.

How can miners support the price when they basically produce more coins driving supply up and they need fiat to pay for their electric bills?

megasynk

newbie

Activity: 69

Merit: 0

I don't think that the continous fall of Bitcoin below 6k is even possible. There is an extreme support on this price level due to all miners for wich going lower would be a financial disaster.

Panetymerni

newbie

Activity: 60

Merit: 0

In my opinion if Bitcoin will continue to drop miners will feel it the most. Not even mentioning people who bought their first coins in December of 2017 because they will feel really bad.

Potato07

newbie

Activity: 33

Merit: 0

Quote from: Impulseboy on September 06, 2018, 09:20:52 AM

I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?

Everyone who hold bitcoin will definitely the one who'll suffer, this what causes panic sellers. They were scared about getting nothing after investing so much money on it. On the other hand buyers will benifit from this as the price goes down there were some who take advantage of it to buy btc so that they will be the one to hold it now, so when the time comes that btc price rise again they will be the one who will be lucky. I think this is how btc really works.

ostrogoto2012

hero member

Activity: 1134

Merit: 501

When it is drop i see big opportunity for other to jump in , in this way bitcoin is getting stronger and stronger every month, don't panic and keep you coin safe

Impulseboy

jr. member

Activity: 196

Merit: 4

Quote from: pitiflin on September 06, 2018, 10:13:09 AM

You don't understand the point here. The price cannot drop forever, someone will try to make the price go up, because if they don't,everyone who has bought bitcoin at any point will go into a big loss. Miners won't be the main crowd that'd get affected, the investors would be the main crowd obviously. If the price keeps going down, it would be implied that there's not enough demand for it, and the supply is more than the market demand. If there's no demand, the price won't fall,because no one will buy.

I guess you are right. I wonder how low the bitcoin price can go? I know the bitcoin price is already getting up and hopefully it will continue to do so but I just cannot help but wonder what if.

pitiflin

hero member

Activity: 980

Merit: 507

Quote from: Impulseboy on September 06, 2018, 09:20:52 AM

I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?

You don't understand the point here. The price cannot drop forever, someone will try to make the price go up, because if they don't,everyone who has bought bitcoin at any point will go into a big loss. Miners won't be the main crowd that'd get affected, the investors would be the main crowd obviously. If the price keeps going down, it would be implied that there's not enough demand for it, and the supply is more than the market demand. If there's no demand, the price won't fall,because no one will buy.

Topic: What will actually happen if bitcoin price continue to drop? - page 10. (Read 2576 times)