Bitcoin Forum

Would the best thing to do now not be to get out now while Bitcoin is worth at least three times it's low price this year.  All small holders get their money out now.  Let it fall.  And then buy back low.  Then everyone will get a chance of cheap Bitcoin not just whales. 

Big miners put huge money in this business so now they won't allow bitcoin to crash.  They are not interested in low bitcoin because mining would be unprofitable. If you want low prices you can buy altcoins, like litecoin or ripple.

If the price is low, Big Miners will either stop or switch(Not an option as of now). This is scary  ??? >:( >:(

I agree with tuskacz and it is not just because of that.
The payment for the electricity will be getting higher and they would the money to pay for that.
It needs to be valued more so that they can continue on what they are doing.
With low transaction fees it will not be enough also for those bills to be paid.

I just had this thought when it looked Bitcoin was totally crashing.  But it has gone up again.  Should we worry to much about miners as they have probably made a lot of money already.  But many ordinary people have lost money. And there is Bitcoin already so would it matter to much if miners stopped mining. 

i need to drop to $50 again so I can buy in big.  This will be a constant 5 year cycle now for whales to 5000x their money.  So dont buy now  let it keep dropping  this will be a 5 year game over and over and only the poor folks who have money at a specific time to invest will also win this lottery so investing now is only slowing down the invitable, the whales will drop to nothing then rebound to 20k then drop to nothing then over and over and over.

But what if you missed the dip and woke up one morning and the bitcoin price is more than 11.000 USD?
what you need to cut your losses and have some balancing on you bitcoin is to buy more on the dip. don't let whales have their money on bitcoin and make the chance get out of your hands.

You need to put some time to study about blockchain and how it works. If there are no miners, there are no transactions. Ofcourse, if ASICs are out of the picture we could mine using GPUs or even CPUs, but I don't think it will happen.

Crash? it is up 40% from october, get a dictionary before you post here, what crash
wall street can not do 40% gains in 4 months and you talk about a crash?

I don't think the miners are bothered one bit. They will always mine bitcoin to confirm transactions because all that will happen is that mining fees will go up. If you want your transactions to go ahead it means you will need to pay higher fees to the miners. This has always been the case and that's why we have seen very high fees to transfer bitcoin.

No it's not and this is fantastic because we have far too many miners anyway by a factor of over ten and the ones
that remain might not rip us off like has happened in the past.

Celebrate when most of them go not that many will since they are running the banker hubs on Lightning and
are hoping none of us noticed.

For me I keep hold it. bad decision will make useless to our self. We know that the bitcoin price is only temporary, and to none of us also ever repay until in the end.

Yes, let it crash, I would enjoy this fact but what if this crash will be much and people lose faith in rise of bitcoin's price? + there are great alternative coins with less fee and fast confirmation time, at least pretty improved. And consider the fact that bitmain turned from bitcoin to altcoins too, they play a huge role in mining business, don't forget that.

It is not crashing crashing is when something goes down! Bitsoin is up 40% from october, wall street can not do that
You need to learn to read the charts on the long term

Alt coins drop when bitcoins drop.  Look at ANY chart.
because Alt coins are only good for exchanging for Bitcoin if you ever want to buy anything.

This is the limit. the price is now around the cost of producing it. so if it goes below and stays there for longer, it will be something that noone is going to benefit. If mining stops all system crashs.

Cheap bitcoins is a "relative" term, will be bitcoins cheap now if they reach 500k in 10 years? ;) people seem to be always trying to buy integer numbers and forget the fact that what now seems to be an small fraction, in the future, this "small" fraction could be "huge"...

They wouldnt let it crash to zero. Before this happen many rich investors will buy all the bitcoins very cheap and hold them when its needed for years to sell it high again. So dont be stupid and sell you coins with loose. Hold them and wait. It will take maybe some months for market to recover, but better to wait then sell with loose.

Somebody manipulating bitcoin prices. I hate people who sold their coin when market is down. Please hodl your coins guys it's not healthy at all. Bitcoin price will increase very soon. This crash is normal just like what happened last year's dip.

They are not only manipulating the prices but the news as well. Somehow JP morgan is banning Bitcoin purchases right at the moment when it started to go down in price.
If you add to it some previous facts like:
-JP morgan CEO saying Bitcoin is a bubble
-JP caught trading cryptocurrency
-CEO changing his mind about it and saying he was wrong about it
-His bank banning Bitcoin

You can really see a pattern here. They are obviously trying to lower the price to profit from it.

There are other similarities around the world like Russia banning Bitcoin today, about a year after the first rumors that it could be working on a centralized cryptocurrency.

Yeah and because JP Morgan's strategy is effective, other whales-to-be trying to do the same. See the FUD that is happening right now?

Minners woun't stop minning, despite the fall in the market price, investors are still investing so don't loose faith, it wount crash. watch the market trend, there has been a huge rise after a little fall.

But I see no reason to insist on bitcoin as the only means to aspire to become rich in this market. I think that at this moment the market has already assumed that the potential of the bitcoin for the near future is very limited and it differs from the idea that still prevailed a few years ago, so everybody here seem to agree that bitcoin will not be the currency that displaces the money fiat in the world economy. Therefore, I think we have to look towards other investment options in this broad market and not insist on something that no longer has a future.

Well ofcourse that's the plan but how do we know when it is at its lowest? Thats the problem.

I want to buy at the lowest price it will get to but i do not know when that is! Maybe i'll buy in parts.

if bitcoins crash then it would be catastrophic for everyone. In layman terms if the price should fall below the cost of mining then their is no economic incentive for miners to continue mining and that would spell catastrophe for the blockchain infrastructure , thereby leading to a collapse of the system and sadly  :'( bitcoins would be rendered worthless.

Seems that is what is happening... Price is dropping a lot, so people can stop complaining about buying little fractions of Bitcoin, they can buy a decent amount of it and start holding. If many people think this way the price will start increasing again.
Anyway, it's really strange BTC's price doesn't stop falling, what is really happening?  ???

just hold on to your coins guys, this is manipulation at its finest, its the central bankers doing this, we have to believe in the value of the idea of BITCOIN ,and what it represents
to the ordinary people of the world, we have to be in it for the long game. my 2 cents

DOn't look at your porftfolio if you have extra money there then buy and HODL that's the simplest thing you can do. Right now is on dip. Bitcoin is manipulating online and around the world. This crash will shift after a good news bout bitcoin.

Before investing in crypto currency as well it is understood that you are investing some extra money only in this coins as its volatility can have a drastic effect and we have seen in this couple of months as well how market have crashed. Thus it is very important for everyone that only if we have risk taking ability we do invest in such coins. But holding will give the results in near future as sometime panic selling could prove very costly as well.

We cannot let it crash or, vice versa, push to go up. Only whales can impact on its value sufficiently. Certainly, those, who are coming into the market right now, are waiting for the lower prices for BTC. But what about guys who are in crypto for long?

agree, let the bitcoin and other crypto fall.
then we can buy it more on the low price, and get profit later.

Coin crashes currently have benefits for small money owners, because they can buy bitcoins at cheap prices and consider this a sale. so I think it's a golden opportunity to make coins a cheap price and invest in a long time.

i don't think we will be able to buy at lower price, whales will buy it all. best is to buy right now and hold. i have already bought some altcoins and bitcoin.

You're right but even if the bitcoin value is down still General people who are hesitating to buy the bitcoins are still hesitating. They saying let it go further down and they will buy. Once it goes more down, they still don't buy and wait for further decrease. :D

Its only the whales who are buying now as they know it will not drop further and they are accumulating between 7500-8500$ and they will then pump it to 25000$ in April.

I think the bitcoin miners will not be that easy to stop doing the mining, because the capital they are throwing is not a little, even if their minning business has not turned back / get a profit

I agree with you, I have been saying this sort of thing in this forum that it is time we took advantage of the value of bitcoin, etherium and other cryptocurrencies out there. It is one of the basic tips in trading, you buy it when its low so that when it increases its value again, it will be profitable for you.

selling should only be done when the price is still high and you expect a big drop after your sale.

and that is one of the biggest problems with newbies investors in bitcoin, they always invest late and sell late too while trying to play at trading and failing to do it in a correct way.
when the price is already down a lot and you missed your chance to sell then just don't bother anymore.