Bitcoin Forum

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

Yes BTC price now in the critical level support in technical analysis but from fundamental analysis price of BTC still strong and possible to going up multiple times again. I think Bitcoin miner now does not sell their BTC and hold it until the price going up. Other good news like Coinbase and Bittrex also make good fundamental for crypto that will increasing the demand.

I think nothing needs to be stopped, mine now does not mean lost production, but the profit is delayed. I'm sure the bitcoin value will not be less than now, bitcoin will soon increase in the next few months.

Well sad to say it will touch down again the 5k value but it doesn't mean it will continue to decrease more , which is if that times happen IMO bitcoin need to find new another bottom line, but not on dangerous area such 4k-3k 'cause that's too much which is very wose dip ever since bitcoin touch the ATH year 2017. So perhaps around 5k is enough for the next bottom if bitcoin break psychological 6k level in my opinion.  

There's no such thing as critical price for bitcoin $6000 is still so much well i guess i can understand but only if you put your money while in 2017 Nov-Dec cause it still was high but it's still not critical for those who started at that price range but please don't spread it around here or anywhere it's as if you are saying it will die and your probably scaring other potential investors.

There is no economical explenation of mining bitcoin when electricy cost is bigger than bitcoin price. Saying that profit is delayed does not justifies mining bitcoin worth 5k paying for electricity 7k. Its better to stop mining and start buying. Without spending 1mil/month to mine 142 bitcoins you will spend 1 mil to buy 200 bitcoins.


https://bitcointalk.org/index.php?topic=4469336.msg40087454#msg40087454
here i have explained this. Not most of mining farms will stop mining. Only few with the worst hardware, worst electricity cost and the worst management (this 6k mining cost is just average. Some are mining for 5k, some for 6k and some for 6,5k those for 6,5 are already suffering, those for 5k are doing well at current price). That will lower dificulty for others and mining become profitable at lower bitcoin price.

https://blockchain.info/pl/charts/difficulty?timespan=all
Take a look at current dificulty. It is more pumped than bitcoin price ever was. Parabola in every time period. I even think that in longterm vision it would be better for bitcoin to shake those inefficient mining farms as long as it wont mess too much with bitcoin decetralization.

http://numiningfast.info/allimg/bitcoin-mining-pool-low-payout-via-paypal-4.png
as you can see its not as decetralized as everyone think.

As of now the price of the bitcoin is $6500 and yesterday the price are down near at $6000 but it's not down very near because many people who bought bitcoin so they increase a little. The critical level for me is when the price of the bitcoin down at hundreds dollars but if the price are still thousands dollars they have big chance the price recover or become ten thousands dollars more.

no price is ever going to be a "dangerous area" for bitcoin. not $1 trillion nor $0.01. in other words even if bitcoin price drops to 1 cent it still will go on as I will be the one who picks up mining it with my PC as the difficulty drops.

that is how bitcoin works. if it is more profitable to mine then there will be more miners then difficulty will rise and make it less profitable (or better say reasonably profitable).
if price drops and it becomes less profitable to mine, some miners will start leaving (slowly) and the difficulty will drop making it easier to mine and making it more profitable to mine bitcoin (or better say reasonable profitable again). in the end the balance will be disturbed for a little while before things go back to normal again.

There has been similar scenarios in the past where bitcoin price dropped more severly and I think even if it looks dangerous, not all miners will stop mining. Bitcoin has recently reached it's ath this year and I think that this downfall can only be a positive impact for long term holders. Even if half of the miners do quit, people will find way to make blockchain and bitcoin more relevant to humans needs.

If bitcoin prices go to hundreds then it will lose people interest and later recover may become difficult because new investors may not show interest to invest in bitcoins because 20K to hundreds is a too dangerous thing to happen. I think if this negative sentiment continue then it may reach around 4K level and from their, it may start moving up but not sure what is the exact market bottom.

Not really.

Some of the miners at the margins will give up. Then the hashrate will drop and it will be profitable for the existing miners as it will be easier to find coins.

If that happens then surely bitcoin will drop even lower bottom of the 4000 USD value. And thats the bitter truth about it. We can not help it as long as more and more money is poured into the current market cap. The bad news is, we have more sell orders than the buy orders and thus it is making it obnoxious to control. BTC will never survive the current scenario and it is frightening to say that BTC may not be able to survive the current sell demand and it will drop further. The only way is to get more investors but that is also huge amount required to deliver the up surges.

I don't think 6k is a big price level for a lot of miners, I'm sure the big farms are mining at a much cheaper cost. Of course if the price is cheaper than the cost of mining a lot of miners will stop mining. That is those that have already paid for their machinery. If they're factoring hardware costs in to costs of mining then they can still mine and it be logical. If their only input is electricity then there's no reason to mine at a loss.

I don't think that the mining industry will stop because of the drop of the bitcoin price. I am not sure that bitcoin price will break the level of $6000 but it could be possible as we know that in cryptocurrency, everything could happen. I am sure that the price will increase more than $6000 and will be back to the $7000 or even higher. the miner will continue mining because bitcoin depends on the mining process and if it stops then bitcoin will stop too. let see what will happen in the rest of this year.

you better take advantage of moments like this to buy and open buy orders because I see bitcoin is not always the price is always cheap like this.

Bitcoin not only brings potential, but also risks. The price of this virtual currency does show a very promising prospect, but there is a minus value that makes the use of Bitcoin still need to watch out for. Either as an online payment tool or investment asset,

Miners have a way of hedging their payouts and bitcoins coming even to a price of $1000 don't bothers them. Their objectives is to mined as much as the remaining supply of bitcoins available. For the psychological price that bitcoin is trading is just testing waters to bounce back to higher price. I am predicting this is the lowest price bitcoin can trade in this month.

Don't worry about the miners. The mining pools will get their profits in any case. Currently Bitcoin is on the low local levels indeed, and if the price will go down to $6000, many people will buy BTC. It is not a dangerous area, it is a support area. Probably now the good time to buy or re-buy some coins.

I not imagined thats those miners would stop there mining job,if the price value of bitcoins would break $6K level,because in my own thought miners dont care if the btc price going down,because the only things come up into there mind is to earn,therefore this situation now that what could happen if  the value of bitcoin is going down to 6K i thinks mostly people going in FUD situation and maybe all well sell there crypto coins in lossing, in order to secure even a small amount of there capital.

We've already seen the price touch the 6k point last february and i don't think it's a reason for concern for long term traders. Honestly, I wouldn't even feel bad if it goes below 5k. Miners have been mining btc even when the price was way below that and i think people are just psyched due to the decline from 20k price range. One thing is to look at it a bit farther. You'll see that it isn't that bad if you remove the unnatural movement last 4th quarter of 2017.

I think that Bitcoin will still reach 6K, this is due to the loss of confidence in Bitcoin, more precisely to the formation of its price, because exchanges and large holders can monetize the market with cryptocurrency.

For me, it is good. If it possible to bitcoin go to $100 i want to buy it more. I think it is good for the investors to keep invest more on bitcoin while the price are going down. Remember that crypto unpredictable, we never know that the price will be rised up again even more than before.

Anything is possible inside crypto, many speculations are already spreading and a lots of thread already been open about the possibility of bitcoin will move in the next few months, we are keeping in faith that bitcoin will soon to rise back and reach another height while in reality we are seeing serious downfall and
investors are start worrying about their investment, 6k holding grounds is not strong maybe we will see deeper than that but hopefully after that level interest will show back and crypto peps will start to join hands and pumped the price little by little.

It is not a dangerous area dude, you know that bitcoin in 2015 has $280 worth. I think this is good for crypto enthusiast such investor or holder, they are waiting for bitcoin price fall as low as possible. They want to have many bitcoin in cheap price. So the dumper such make golden ways to the investor if we think positively.

I think major investors are afraid to buy in at current levels, support or not. When long term hodlers throw in the towel, that's when big money is going to buy their coins and send the price back up. The market is cyclical in that way. Look at past trends 2014-15. The day you turn on TV and hear that Crypto is dead is probably the day to buy.

Even if mining stops for while it will start up again, and in fact it might be better for the price, because the less bitcoin miner the more the demand will be the higher the price will get, this market has been and always be like this so there is nothing to worry about especially when it comes to bitcoin because it has so many people behind it and even if its price goes down it will eventually go up again you just have to be patient

I dont know where you do get that dangerous area when it comes to bitcoins price. I dont see why miners would completely stop into their venture? If they do then whose gonna be the one who will push up transactions? This collaboration isnt really right to presume things. How you would say into those times when we are still on hundred dollars in price? if you are concern on miners profitability then just leave them alone, they do know on what they are doing profits will still come in as long theres still demand with bitcoin.

For someone 6000 for bitcoin dangerous zone and for someone a great moment to buy bitcoin. The miners will continue to work because they believe in a forecast of $ 25,000.

This expectation is not a sudden jump it takes three to four months so current scenario of mining platform is little down because of price fluctuation stay in a same region so again many miners are stop the mining platform then next week or next month it will grow gradually in Crypto market. Finally miners are start the mining work so this border line move to positive line.

I was not assured,whether the mining farms will stop to mine.When the price of bitcoin reaches 6000-6200$.Two days back the price of bitcoin reduced 6257$ and start to again.If they had stoped  to mine at 6257$,automatically the price will further reduced.

Unfortunately prices have been going down everywhere for a while now. At every major resistance area I see posts claiming we've hit rock bottom. Unfrotunately we still have a lot of room to go down still.

The best thing to do, in my opinion, is to ignore the actual USD value of your long-term holds, and just try to accumulate. Remember why you bought them, and if you believe they will be worth something in the future, try to gain more of them through selling pumps and buying dips. I don't feel confident enough in day-trading coins I don't personally believe in, since so many of them have been dropping 30% or more in a day. I try to focus on just accumulating the coins I really believe in by making very small trades, so I can accumulate over time.

Let the miners care about their problems since I will care about my own and I do not see the miners doing conferences to solve our problems, if bitcoin goes below its production costs then this means that miners will probably have to either switch to other coins or accept the lower costs and operate for a loss for sometime hoping their competitors are the ones that cannot afford to mine bitcoin anymore.

But I'm sure that if one miner completely stops today, one will pick it up so the cycle continues. As for the dangerous levels, we have seen bitcoin floored in April and playing around the $6K range but mining didn't stop. So I don't think that miners will just shut it down because they are not earning at today's situation. But I'm sure that they have save enough for the rainy days that as business man, they can still operate at the current price and breaks even or even suffer a lost but its minimal that they would rather take the risk to continue doing it.

If bitcoin goes in to critical level scenario I think not the reason miner stop mining bitcoin because miner should knows bitcoin hold are profitable, most of the miner can't selling bitcoin quickly some of them hold their bitcoin came from the mining because they should know after the dump bitcoin price will goes up again, from the start bitcoin price ranging only at low price but people setting up mining rig because they believe mining are profitable ways to earn money. I think one of the reason bitcoin price drop is because the miners hold their bitcoin and some bitcoin not circulate in the market.

If bitcoins fall below the price of 6000 usd, then traders and miners will lose more faith in bitcoin which will lead to dumping of it for other safe and profitable coins.

True it is not like miners do not store bitcoin and fiat just in case something like this happens, that will be very irresponsible, I'm sure they took advantage of the all time high and they are now swimming in cash and are laughing at us for being worried at them, and for the miners that did not do that then facing bankruptcy will be the just punishment for not knowing how to administer their business.

I think there no dangerous area, because most people want to get bitcoin in easy and lower price. This is good moment for investing, danger area for selling, so don't sell your bitcoin if you think that this is danger area. Sell if you want, then peple will catch it. When the buying and selling activity still happen, there no danger that you need to worry.

Personally I do no think we will go below the $6,000 support level. That is the strongest support level we have. Now of course we there is no way we can predict the future and if we go below $6,000 then we are most likely go back to $4,000 support level and possibly $3,000 area. Now if that happen I think price will recover right away since that price is really attractive to investors.

I don't think mining farms will stop mining it only for the people who holding less powerful miner which is not enough to handle the current difficulty will leave bitcoin mining.But this price is not going to be the forever so they will keep on trying until the prices will increase so they may not stop mining unless the price goes to a level where miner have no profits.But if less miners means less difficulty so the remaining miners will have more rewards than before so it will equalize.

No.Bitcoin price has already started to recover.Its now moving in the upper trend.Bitcoin's today price is 6,670 dollars and it's said that big whales have started their job to push up the price.

I think you can relax, because if the price goes down even to the critical level, then the old/new investors will be interested to buy BTCtc since it's cheaper

That is a very high dangerous area but I think bitcoin has started appreciate since you make this post.  If bitcoin fall below $6000 it mean it will be heading towards $3000. What is helping the market now is because many investors buy bitcoin above the current level and they have decided to hold until bitcoin get on it feat again.

That really is not big achievement considering the fact that we have already dumped ourselves a lot since the start point. You guys should not forget that BTC highest price was 20K USD last year. If we keep in mind that as start point or highest peak then surely we are too much down in the trend and thus it makes it completely worthless to think as to why we are in the dip currently and whether couple of hundreds rising upwards makes sense or not.

Compared other altcoin, BTC still more strong because BTC been going down 1/3 from highest price,  but other altcoin was more dumped,  even some altcoin dumped 1/10, this is really bad for crypto market and many investor look not ready with this high volatility.  I hope the market cap of crypto will going mainstream again and many trader and investor can recover their loss soon.

I think the whales just came to push the price down, because now the BTC price has dropped to 6500.
Whales just do a manipulation right now, because for a long time trading volumes are so small, so they can manipulate all market just having around 100 millions or less.

my friend said support is on 4000 but i don't think it will go there for now. but if bad news keep coming like exchanger get hacked i think it will possible to reach that price. ir depends on us, holder to keep or sell our coins

For long-term players, it's not that important for Bitcoin to drop $ 5,000. They trust the $ 20k or $ 30k mark, so their return on investment is good.

There was a $ 17 billion reduction in flyers. I think Bitcoin will go down to 5k5. I will wait to buy more Bitcoin.

$6000 is very dangerous price for bitcoin, if it breaks below $6000 then the next target is $5000 if that happens most altcoins will be almost zero :D Weak altcoins will not survive this crash.

I dont thinks thats some miners would stop doing there works as a miners,because of price value of bitcoin would going down to $6K-$6200K price level,because even the price value still going down,i thinks most of them still earn a profit in mining cryptocurrencyand they dont stop there rig operation,because there purpose is to earn even the market price is going down,while in other hand i dont thinks that btc price will down to $6K level,because of this bull run happen now in crypto market.

the price is down now its back to 6.3k maybe next month the price will slowly rise up and no more jump crash. possibly whales are the one's pushing down the price they are still pushing it down. as always hodl.

Yes the current price of Bitcoin is $ 6400 and yesterday the price dropped close to $ 6000 but it did not go down very close because many people bought Bitcoin so they slightly increased. The critical level for you is when the price of Bitcoin drops to hundreds of dollars but if the price is still thousands of dollars. Other good news like Coinbase and Bittrex also make a good foundation for Cryptocurrancy which will increase demand.

No he mustn’t be taking rest at this moment. If that man thinks he has lost the best opportunity and now he is just useless. This is wrong, brother you have got chance right here in front of you. This is best time to get into this world and work in bitcoin. That would help you to enhance your life style. May be something is wrong in beginning but keep faith in them and go on.

I think there will be no more bad news arrival but most of time now price of bitcoin will be high we will get a good news to see high price, market falls to give us a chance of buying at low so don’t ignore and having lowest of 4000$ is golden chance don’t lose the hope just buy when you see a fall and hold your bitcoin as much as you can hold so there is no danger but only panic selling is.

Good news or bad news doesn't matter anymore in the market right now. If we look at the recent good news reports that could be seen as important, which is the confirmation of MtGox that won't be selling coins anymore, and Tether being backed sufficiently, we are still going down. We have to bottom out artificially, whether we like it or not. There is no point in ignoring the state of the market by just hoping for good news to lift the price back up, because it won't. The only way for the price to go up properly is more demand coming from investors genuinely interested in holding Bitcoin for the long term. Patience man, patience....

Not possible bitcoin drop upto 6000k usd or more than and for the mining there is not reason to stop mining because miners knows bitcoin are gain again in the market all bitcoin can mine by the miner are hdl it into wallet and wait the price rolled back again to become expensive.

It the miner miners stop mining had possible bitcoin continue to dump because life of bitcoin in the miners producing bitcoin volume circulate into the market, in my analysis some of big time miners are the whale they didn't selling their bitcoin at the market to control the demands one of the reason i will observe about bitcoin dropping in the marketcap.

When it comes to crypto I dont believe much with those kind of events.
It is more of a landslide from a panic than miners have a psychological breakdown.
Miners will stay and will need to produce some money for paying up bills. Yes it may be low but it will still cut the payment which is needed.
I bet they have good capital by now and all this mined bitcoin will just be stored.

Do you know where the most dangerous price is? Do you know if we have this price, then we will have the risk as well as the opportunity does not? and what remedial measures should be taken if this is in a danger zone

Bitcoin price already below $6000 yesterday and going up again just in 1 hour. The price of BTC already going down more than 1/3 from the peak, and i think this price is bottom price and down trend should be stop and will change to bullish again. BTC still bullish in long term, and i can predict the price will to go to $15K in the end of this years.

Long term chart is really bullish and yet people are just looking at the monthly chart which makes them so panic. I also hope that we already hit the bottom so this market will start to recover now, let's wait for a strong signal about it and live patiently. We will soar high again and bitcoin will be on top for good.

I think that if the price goes down, many people will leave this market. if the price goes below 5 thousand then there will be a big panic in the market and people will sell to save at least something that they have left.

Some wise man once said, chances are like a ball coming to a batsman in first over of test cricket match, you have long queue of other balls as well to just come. Likewise, if this man thinks out to quit his trading just because his first ball wasn’t hit, don’t just worry. You are more to come with, so make your mind and be strong with what you have learnt. That would be helping you to regain.

You will to bear this critical situation. The investors are keen to see the price every day because of their investment. They want a big bump in the price like the previous one to make huge profits, but I think that the price is now corrected and is according to the market position. We will see no more hip and dip in the price and it will increase gradually with the passage of time.

People worry simply because they were not ready to see the huge crash that we saw, people thought this was finally it and that bitcoin will keep growing forever but like always that was not the case and bitcoin despite its huge technological innovations still succumbed to the old law of supply and demand, and so if the price went even lower there will be a significant amount of people selling their coins because they would have lost their faith in bitcoin at that point and even old investors will be unable to buy all of those coins.

Probably just going to hold at this point. I've already cashed out my original investment months ago. Playing with house money now makes me not get shaken during these sell offs. If BTC does in fact go under $6k, I'll just reload the stack

Some of the miners can stop but others with lower price of  electricity will start mining as well.
There is no average price of BTC mining as there are countries like Ukraine where it is $1.580 the mining of
1 BTC or even in some countries below $1k like in Venezuela.
Just to remind that one Year ago BTC price was $2.600 and nobody was thinking to leave mining , do not
understand where this negativity come from ?

Produce at loss? Explanation please?
I do think there will be more loss if they suddenly stop.
Maybe you just do not know what you are talking about so i will just ignore what you said.

So miners who mine at a $500 sacrificed and took the risk just so they could mine for fun?
I do not really get it. ;D

Perhaps you could give some light to what you are trying to say.

Well that is the aspects of those that min Bitcoin and to those trade Bitcoin I believe it is the right time for them to buy at the cheaper rate and sell later when its value appreciate. And to those who are holders of Bitcoin from when its value was around  $15,000 Or so , it is really a dangerous moment for them all.

This is deep and what should we do, cut loss to minimalism risk or keep hold and buy back? I suggest to keep hold but not for buy back, very risky. Bitcoin will go more deeper and many people will loss their asset, don't follow them for buy back. Take this situation as part of invest/ trading world, do what you need to do and believe in you. Good luck all.

I don't think the cut loss is the best way that we can do to minimalism risk because this will makes us reduce our balance. maybe like you said, he needs to hold it for a while and he can buy back again if the price is down below than $6k because I think the price can go down more deep this time. people will be panic if the price breaks the $6k and meanwhile, the other people will use this opportunity to buy bitcoin at the low price because they might not see this price again in the future.

You are talking right. At the moment Bitcoin price is walking on the hard-line area. But it's also true that it's not first time happening. If you look behind on Bitcoin price chat you can see it was happening many times. So we should wait for up to price back level. There are not dangerous area only hard area and no need to be a worry.

How dangerous are you in it? If it affects your finances seriously then it is risky you may have different views on the price but we all hope to fall into this situation i dont like Dangerous price area

Bitcoins are fluctuating between $ 5800 and $ 6700, and I think the situation is likely to be a long one to two months away. If the bitcoin price could rise to $ 7000 then surely the yearly price of the bitcoin would be $ 14000

What you did is a way to deal with the risk, I know some people that did the same, they invested and then they withdrew their initial capital and now they are trading with the money they got from their previous investments and while that is very safe at the same time that will not allow you to earn as many profits as someone that leaved his initial capital alone and traded with all of that money.

when everyone afraid,this is right time to buy,when everyone buy and buy,this is right time to sell,i think this price area is right time to buy,the crypto market is creating bottom with vol24h very low,i think Q4 the crypto market will better

Current economic downturn worldwide and Crypto is no exception. We should take this risk and instead of selling Bitcoin, we should hold on to it until the economy of the world is restored.
Bitcoin will probably be lower than your dangerous price and we should be familiar with that. Look at the history of the world economic crisis and give good lessons. ;D

It's really to adjust if everyone are just expecting more on high price rather than of expecting it in low.  When bitcoin price drop below $6k,  people get worried so much and get into trouble. I know they feel bad on it cause definitely they never accept such losses which is not their expectations for bitcoin.

Bitcoin is in bearish trend for quite some time now and probably because of the cartels trying to bring down the price through price manipulation and cause panic to traders to sell or convert. The current price is 6495 dollars may prediction is if it breaks the 6700 threshold will be out of the beatrish loop and the surge will begin.

It depends on the cost of the miners themselves, if the loss is better to stop, I think the bitcoin is still spinning now, but if have to imagine bitcoin will even reach $ 1k the positive thing I can say is the possibility of the fee will start small again like last years

Actually the cryptocurrency all prices are danger
because there is no one in this world will expect the severe loss that can leads to your investments to a zero amount or no market value.

Do not worry. Bitcoin is unlikely to break through the level of 6 000 dollars, as we approach this price, we bought it constantly and it seems to me that it is from this price level that the autumn rally will begin.

You can see that bitcoin prices are now correcting at $ 6700 and this is a dangerous price range, it can be seen that bitcoin prices are constantly adjusting and are showing signs of rising slightly, but with a market In the downtrend period, bitcoin prices will probably drop sharply at any time. Therefore, trading at this time will be very risky and you will be able to lose a lot of money if bitcoin drops deep, you have to be very careful in every transaction decision.

The price will eventually pump up! If negative news attack bitcoin surely it will go to the bottom line. Most of the investors are waiting to that level to buy back bitcoin. It would still advisable to monitor the movement of market to ensure we dont miss anything.

Bitcoin price went down to the upper regions of 5K but still fought strongly to regain 6k. This should tell you that even when bitcoin hits 4K it has the tendency to rise so far as the is demand for it.

yes you are right it seems now that mining is very difficult to get bitcoin again because the level of difficulty has been greatly improved and more difficult to get bitcoin.

Bitcoin is ruling community so all the crypto currency are dump in the market. But mining platform you always earn constantly because price variation is affecting your earning once it will raise gradually you will expect good profit in this platform. It is the back bone of crypto currency so mining is the good platform.

It's possible but the happenings that we don't know as for the mentality about holding might falter through the dip so brace yourselves until it happens. Miners won't quit especially even in this low price it would benefit them most in the long run they just have to endure it until the great pump happens.

The trend is not going to change that soon, I really do not think that anyone is trying to keep the price down people are managing just fine by themselves by selling their coins at the first opportunity, and about your prediction, I really do no think that we can say we are out of the bearish trend until bitcoin surpasses 10k every other price is simply too low.

So many speculations but still we can't really predict what tomorrow's will bring us, the market still bearish if we will compare it from last year ends trend though there's still a lots of sway maybe until the time we seen the bull really pumped and passed the last time peak then we can say that
bull are starting again, till then what we can do for now is continue to buy and hold take this chance for our investment.

There is no recovery in the price till date and is dropping more and more. It is a fact this is very dangerous situation for bitcoin investors, but I suggest them to keep calm and don’t be panic about the current situation of bitcoin. It will increase in the near future and will recover all the deficits. Then you will be satisfied and happy with your investment.

Although difficulty of Bitcoin mining increase and they need more money for cost of mining, i think miner still get profit from currenct price or they can hold it and sell later when the price going up. On the crypto market now show more than 55% dominance by Bitcoin that mean this coin is the strongest compared all altcoins and this coin need more new money, and when any good news related crypto there are will be more demand. There are alot of crypto community  promote the technology of Bitcoin and blockchain to many new people, so i believe the price of Bitcoin will sky rocket again later.

In recent times, the market has been fluctuating so much that we are experiencing very serious problems constantly determining a base or ceiling point. The situation is so bad that we can now easily say that the points we have set as base points are actually a new peak and that there is a permanent decline. That's why I advise them to use their "Stop-Loss" and "Take-Profit" tools, depending on my own experience. Of course, long-term use of these tools would not make much sense, but short-term buy-sellers should certainly learn to use these tools and use them in every transaction. The use of these tools will stop when loss and profit margins are determined and will prevent the occurrence of larger losses.

I don't think bitcoin will go beyond that level, the 6300 support will be more realistic. I think September will be the end of bear market next will be bull run on the begging of the 4th quarter of the year.

The most coin I worried today is ethereum because bitcoin can move up while ethereum goes down day by day. As of now, it is on 190 dollars only. Bitcoin will surge when time goes by and I believe more in bitcoin than altcoins specially that it fluctuates rapidly. Just wait for ETF to be announced and see how price will grow up.

I believe so that this is the most critical level of bitcoin. If bitcoin falls underneath this one, I don't think it will recover. I mean, there were a lot of sufferings in bitcoin.

It is unpredictable market so no one is know the future possibilities of bitcoin. Because number of times many experts says it will reach 10k soon and 20k soon.
But reality nothing is proved in the market so end of the year only we will see the good hype in crypto market.

It actually varies. When bitcoin was a lot cheaper, people also mined it. I think that bitcoin would always be mined no matter what

Yeah, current situations are not favorable for us especially for those who invested on price higher than 10k dollar so this is worst for them. If you want to regain the profit you had and you expect you should wait for the price to go high so you may be able to get your profit. The value will increase in the upcoming months and you will miss this time if you sell now.

I have long believed that the growth of bitcoin will begin from mid-end of October. There are some signs that point to this,but so far I would not like to talk about them.By the end of the year, I expect around $ 20,000 for bitcoin. Naturally, this is only my assumptions and guesses and in any case not a guide to action.

Dont speculate on what others are saying. Have your own strategy planned out and play accordingly. You dont have to follow what the heavy hitters are saying but be rational and apply logic to make profits. If you have some basic understanding of how the market works you would not be saying this. 10k wont happen anytime soon. It might be reached this year but the dumping is happening too much so it might dump before it actually reaches there.

People mined it in a more amateurish way when the difficulty was lower and ASICs were not in market. At a time when people could use their CPU and GPUs to mine. Then the "super-specialization" of mining happened and ruined the market for the small term miners.

You don't have to worry about the price of Bitcoin, although it has now fallen below $6300, but it will rebound soon because the whales won't let Bitcoin fall below $6000.

Let September 30th come before shorting to 4k  ;D

Bitcoin stay strong in the level support above $6000 for few month and this mean the price keep strong, when the price going down below $6000 the price will going up again. At the moment Bitcoin has lower fluctuacion than before because was going up to $7400 but untill then reversal again. But after this, iam sure times for Bitcoin bull run and ATH again.

Dangerous price area is dependent on the month of the month, because there is a day when bitcoin drops, in my research each day is the months of May, June, July, August, September and October is the month when low bitcoin.

I don't think there is a dangerous area, because Bitcoin is easy and the price is cheaper. This is a good time to invest, dangerous areas to sell, so don't sell your Bitcoin if you think this is a dangerous area. I'm sure they have good capital now and all this is mined. Bitcoin will only be saved.

Actually it will be so bad and more deplorable if bitcoin will break the support at $6K. It has been bouncing off the $6k level for a while now without breaking it. I believe that support level will not be broken this year since it has not been able to do that through the year. Bitcoin has been under serious attack by the government and their agents which has really impacted on the price.

Big wallets dumping loads of bitcoins into the market will see a big drop. But the chances of these happening are very less. Recently there were some news of darknet wallets showing coins being moved to exchanges. However we should be skeptical about the credibility of these news because as soon as such coins (used on darknet) are sent to centralized exchanges - the authorities will get involved. A criminal would never be so foolish as to sell their coins on exchanges specially a centralized one where they would definitely need a KYC/AML done.

Hence hodl bitcoin with full confidence. Even if it drops will be go back up.

At this time in  cryptocurrency market,  Good newz of likelyhood of another ETF approval is bringing new excitement and we could see that price of bitcoin is respond appropriately to this.  The support has been $6k this year,  bitcoin price is not likely to break it!

when the price penetrated 6k it was really very bad news how many people would panic and seek escape because the prices did not rise, and we hoped that it would not happen, if it happened this was a bad thing.

bitcoin prices have not been experienced lately, there is the price that is most feared is the price reaches the lower level until 6k or more this is what many people fear, we hope that with prices like this is not achieved.

You just sounded like you are part of the whales and you will know what they will do or not. Nothing is predictable in this market and so far, this is a fight between the bulls and the bears, and at the end, someone definitely will have to win anyway.

For now, we cannot tell how things would be even in the next few seconds, as market can take any path and that would depend on how far it goes and how one can take advantage of the opportunity in whichever way it comes.

This is the main reason that I never believed in predictions. All the predictions about the price of bitcoin from the previous years became false and against the facts. I do my own research and analysis and decide the future price of bitcoin, but I never told anybody and I will never tell anybody about the future price of bitcoin, because I don’t the people to be misguided.

Some mining farms facing issues with their profitability at current BTC prices as it trades on break-even cost
of mining. Miner`s earning has declined significantly as the mining difficulty has increased and the BTC price
decreased. This is not a problem worldwide as it depends on the price of electricity and there are still countries
where it is cheaper and the mining is still profitable.

It is just normal when we base on market demand. It came to happen that there is a huge decline of the market and makes miners shaken up. But of course, they're still need to continue and consider these things as a part of crypto investment in order to survive, otherwise they will loss everything.

I think that this is not time to sell what they mine. Propably they sold on high and they have for current electricity bills. But it will interesting what will happend when current market cap will not rise and stay on same level during next years the will wait or maybe sell their gear xD.

Right now it is at those levels.
It can go to 7.2 thousand dollar levels in 24 hours or it can go down to 6 thousand dollar levels tomorrow.

We will never know what it will do but if you ask me it may go down once again, if it was going up it would have not stopped, bitcoin price increases do not stop until it reaches its final destination, they usually go up in a steady fashion and not with installments, it means to me that the bitcoin price hit its current max and will go down instead of going further up.

Nevertheless I might be wrong, it may go up too, it is just too difficult to speculate and trade based on what will happen next.

Volatility is the main reason why price still at a dangerous situation right now mate, and it might go up when demand became stable. Although its hard to speculate but still lot of holders had a strong faith that all coins with a good community will surge back to much higher and profitable price in the market.

If you have a better knowledge about cryptocurrency trading so you must follow support and resistant. When you see market brake down in support so you feel after sometime later it is possible to pumping or if you see resistant brake down so it is possible to dump so you like to feel that is going to dangerous price area.

It seems the price stays at a price now and don't go down too thick but I am not sure about this because the price can move at any price in the next few hours. But I think, we are not in the dangerous price area, and I think the price can go to the higher rate in this week or the next month and right now, the price is stable at the position now. The price still up and down in the range $6,5xx-$6,7xx and perhaps it will stay for a long before the price increase. We will see another increase soon, so it is better to prepare.

it is impossible to say for sure that this level is strong or weak, because we have seen many times how bitcoin grew without stopping after a long correction

In these days the price of bitcoin is almost constant and there is n big bump and dump in the price. I do not worry about the price of bitcoin but when you invest in something you will want to earn some money but if there are no signs of increasing value then definitely you will be disappointed and may withdraw your money from such place. Bitcoin is the same for all investors these days.

Not days, it's like that for months already. We touched bottom long time ago, from March this year price is holding pretty good, we had few spikes, traders had chances to earn from that, holders are calm price have good stronghold. What I read here on forum is crazy, why would anyone be disappointed if price don't rise a lot, that will not happen over night, we need to wait a long time, for years maybe to see huge price rise. I think that will happen for couple years only, until that moment price will maybe go to 10k dollars, but big maybe, I think we will have this price between 6 and 7 thousand dollars, with occasionally spikes and dips, who spot them will have chance to earn something, for others its good to prepare for long waiting.

See the easy way to decide whether a certain point is strong or weak is to check the orderbook for the trades around that price. If you see bitcoin has a large support level at the 6000k USD mark and at 6100 - 6200 USD marks. This means that even if the market is bearish it will not drop easily before someone dumps huge amounts to break that wall. But things can get really messy at times since trading is highly speculative and idiots are full of nonsense BS in every social media.

I wont say its impossible but you can make calculated guesses at these points on how to place orders.

The lower area is most fearful for those who have already invested here in the Bitcoin will be more worried about it. On the other hand new investors will find it heaven to invest freely without any high cost rates as it is well available and affordable on low price.

This cheap price availability made it favorable for new investors and I think that we should not get late because the price has started to increase from yesterday.

for price issues, I don't know. we don't know when prices get worse, and we don't know what limits. well now the price also looks lower. well, because we can be a big risk for investors who invest in this road.

In my opinion this price will be broken in October and i think it will be around $ 7,200. And the current price is $ 6,464 and i think Bitcoin is the bottom.

I think the dangerous bitcoin price area is when it is under $ 5000, I'm sure bitcoin will be difficult to recover when it drops below $ 5000, and I'm happy this year the price of bitcoin has never reached $ 5000 or less.

bitcoin farms will be able to produce bitcoin further if the complexity decreases and there is an increase in the reward for the block, so everything is dictated by the market.

As we can see through all this months bitcoin cannot break 6800$ point. But the day it will happen I do not see any special reasons to affect on mining, because of even 20000 $ point didn't make anything special with that area of crypto business.

Well mining with thrive when btc is up since miners will be one if the firsts to make profit out of it. And we know that the price can break that 6.8k in an instant. It happened several times already in a span of a few hours.

All the time when bitcoin falls in price there are people who exchange it to another cryptocurrencies or fiat. As soon as the price fall to the right level there are those who see an opportunity to earn and invest in bitcoin. As soon as bitcoin rise, those who have sold bitcoin, invest in it again after which bitcoin falls in price again. It is trading, one's man loss is another man's gain. It can't happen that the price falls without any reason.

If you dont know then why are you commenting like this? :-\
Its better for others to speak than increase your post count - isnt it?

The risk was there since the Day1 of bitcoin's release by Satoshi. Has the risk "decreased" today? It is still the same. Some people will keep on with the speculative bubble theory that prices are pumped by who knows what and call bitcoin a scam/ponzi. On the other hand people are willing to accept it as the new currency of the world economy will continue to support it. You just have to choose what you need.

Block rewards dont increase. Learn about the system before you comment. Halving occur at certain intervals and the block rewards always keep decreasing by half of its last value once a halving is done.

I think it will happen soon in Q4 because that's the shark's plan. They want to make the traders run away. I have always believed that this year was a bad year for Crypto and always advised traders to stop to look at the market.

For a market that can be manipulated at times, with no regulation in place, I would be very careful not to focus so much on order books as whales sometimes can use it as a way to deceive people into believing what they want them to believe based on order volume, but in the real sense, that order can be removed at any point in time and before you know it, you can see price dropping lower.

Sure, it is definite that this is a highly speculative market and nothing can be done to be able to stop it at this point in time, except to just monitor trend and be able to make adjustments as fast as possible.

Thats the problem with buying coins from exchanges. You can see  buy-sell walls but you wont be able to trust them fully. Majority of the bots on Binance and others have ruined the experience of trading for retail investors and hobbyist traders. Still there is till date no specific countermeasure to prevent this. But by some technical analysis it is becomes known that bitcoin wont drop below 6k unless some huge dump takes place - even if that happens it wont be for long that whales will buy them back.

Just buy low and sell high. Keep track of what you are doing and watch the market. Thats all a normal human can do to gather profits off their portfolio.

No one is certain yet if we have touched bottom or if we still have more room to go down, but from all indications and for the several bounce within the $6k region, we could say bottom has been reached for the mean time, but that does not mean we could still see some other movement that would say otherwise later on in the future.

Sure, at this stage when the market is tending to move sideways and most especially within a descending triangle, it is normal to be very careful of placing any position in the market based on how the market could rapidly react on breakout to any level, so unless you know how to play your cards well, stages like this are always dangerous to trade without using a tight stop loss.

If everyone can always consider themselves as a free investor when the market is down like this, I can believe they would not have any course not to enjoy the benefit of the market in the long run. If there gets to be a real demand for bitcoin all these possible manipulations will stop and of course, no whale will want to get burned in such occasions. For now, looking at the way things are, we can say for the short term, we may have reached a bottom, but at the same time, nothing is still guaranteed yet until we have a clear breakout to a direction which is where my sentiment will either change to bullish or remain bearish.

If it does happen then maybe some people will have a good way to have a good solution for that. But I know that Bitcoin is really going to be bullish in any moment now since its price is not getting lower at 6k levels below anymore.

Yes, the market is still unclear but one thing is certain base on the market fundamental price movement which usually occur every Q4 and the thing is that the market is yet to reach the bottom price cause there will be dump in price at the end of December.

I think that any level of analysis that can be made due to the current period is risky. Especially in recent days, we can see that there is a constant activity, and that this activity is within certain levels. Of course, it will not be very accurate to determine a new level based on these movements, but we can easily analyze the new psychological and technical supports. Although I don't trust this analysis, I think it's a good thing for the investor to get an idea.

That is always the idea that comes with trading and though not everyone can do and some cannot even do it right, there are so many people making use of the knowledge to increase their positions in the long run. So far, the possibility of the market going up or down is still very much there and there is nothing we can really do now than to just chill and wait to see how events would unfold in the long run.

Nothing is guaranteed, and for those who may want to go long, that would be a hard decision to make now, when the market could still be hit by the bears. We may have had $6k holding for a while, but when tested again, which is bound to happen as long as we are still inside a descending triangle, we can end up breaking down lower.

I think the dangerous price is when the market value is decreases lower than fifty percent.
Because from this it is very alarming most especially when it happens very quickly. We should be alarm from this and be alert in order not to suffer in huge loss which is a big nightmare for all of us.

We are currently in an indecisive state at the moment and nothing really can be known yet as to how the market would end up tending in the long run. For now, all we can do is to just watch and see how things would be within this area before even deciding to make any serious market move at all and anything done within this range will be risky. However, it all depends on the way each individual may want to look at it, but for someone going long, they can always decide to go in at any point.

every trader has a different style of trading, at a time like this what i do is keep calm and hold for long term. we can see it looks like a new market is coming out of an alarming zone. and now we can see prices rising again

How many months have you seen bitcoin breaking the $6800 point? ;D That was just recently and the only thing we have tested severally now for a very long time is the $5800 - $6000 support which I believe even though has been holding does not mean we still cannot get the possibility of it being driven down hard if it breaks lower. Being in a dangerous area is more like saying we are in an indecisive area with the market trying to find a direction and at this point, it is always risky trading the market without some tight stop loss as the case may be.

Yes, these dangerous zones are only for short term players and as you just mentioned I never worry about the bitcoin's current range bounded trading. I hope it will break these dangerous price area and will go up. It is October and we may expect something new from now onward.

That would be a dangerous indicator and not a dangerous price. A 50% loss in price would mean a huge amount of market capitalization being dumped and cashed out. It would only mean that some big whale or a bunch of whales have sieved off their money from the market and moving it elsewhere. You might also see this if some news is made - but that news would be having a huge impact and thats tough to think of.

In any of these cases its not possible that the price will remain low. It will be a good point of entry for some people and they will buy in. When someone sells another person buy. Thats how the market works.

I hope, Bitcoin will never fall lower than 6 thousand because IF it happens, the rolling down can go on. I guess that BTC price should be only gaining in future.

People do only focus out on price increase without even realizing or making theirselves prepare on price decrease.They do focus too much and now they are saying things about dangerous price which we know that price percentage decrease too deep is rather a dangerous indicator instead but still we cant do anything about it yet no one can able to stop the market or into those sellers who do secure out their funds specially on bigger players but as we all know bitcoin wont die to early for sure.

It seems to me that we are now experiencing a buffer zone for the coin market prices. Also, its possible the price will go up soon to fulfil the expectation in a way but not as high as it did last year.

Thats the young blood who wants to get into the bitcoin badwagon before its too late and takes off. Basically the get-rich-quick people who dont understand or try to understand the technology and ideology behind bitcoin and its usage. Even if prices drop this does not mean a coin is dead but they fail to understand it.

Its recovery but it has been playing around the same price level for some period of time. We see the small uptrends and then downtrends. Most of them are not crossing the 6500$-6700$. Means there is support but their also resistance to cross this level. The touching of 7k$ will take a hell lot of time if this trend continues for a few more weeks.