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Mieehayii (OP)
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October 17, 2014, 02:20:41 AM |
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we are still discussing $440 is the bottom or not less than a month agoand shortly the bottom had already exceeded $350 even a week ago the price broke $300 What do you think is the latest bottom now? |
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brg444
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October 17, 2014, 02:52:16 AM |
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 it is 275 |
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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BTCjust
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October 17, 2014, 03:34:33 AM |
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$230
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MrBig
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October 17, 2014, 03:48:37 AM |
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If the trend continues then we'll bottom out below $275.
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wamatt
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Activity: 85
Merit: 10
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October 17, 2014, 04:36:00 AM |
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If the trend continues then we'll bottom out below $275.
Why can't it go lower? I mean, that kinda makes sense given how hard it bounced of 275.. but is that the only reason? |
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MrBig
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October 17, 2014, 05:06:16 AM |
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If the trend continues then we'll bottom out below $275.
Why can't it go lower? I mean, that kinda makes sense given how hard it bounced of 275.. but is that the only reason? Below $275 does mean lower. I'm not going to call a specific bottom because I don't know what the bottom will be. Things could get really interesting if btc goes below $266. |
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tpiardi
Newbie
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Activity: 12
Merit: 0
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October 17, 2014, 05:26:18 AM |
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More it fall, more can I buy  |
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Mieehayii (OP)
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October 17, 2014, 07:43:01 AM |
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why do you think $275 is the bottom?
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SquallLeonhart
Legendary
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Activity: 2352
Merit: 1101
"CoinPoker.com"
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October 17, 2014, 09:17:52 AM |
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I believe the bottom has been hit and it won't go near bottom anymore...
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BitCoinNutJob
Legendary
Offline
Activity: 1316
Merit: 1000
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October 17, 2014, 09:29:25 AM |
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Bitcoin has super strong resistance @ 300 since bear whale and it costs about 300 to mine a bitcoin interestingly. We are at the bottom.
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PenAndPaper
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October 17, 2014, 09:37:31 AM |
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There is no bottom nor top in such a volatile, speculative, shallow market. Bitcoin can lose half of its value in days (if not hours) and again double its value in a few days as well... Bottom is $0 - top is moon. "Enjoy" the roller coaster.  |
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bajlox
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October 17, 2014, 09:40:45 AM |
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There is no bottom nor top in such a volatile, speculative, shallow market. Bitcoin can lose half of its value in days (if not hours) and again double its value in a few days as well... Bottom is $0 - top is moon. "Enjoy" the roller coaster. Good one. In past 24 hour price drooped ~30$ but seem to go up again but that is to slow. More it will be that price will be between 300 and 400 till end of year. |
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azguard
Legendary
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Activity: 1484
Merit: 1001
Crypto-News.net: News from Crypto World
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October 17, 2014, 09:44:26 AM |
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Bitcoin has super strong resistance @ 300 since bear whale and it costs about 300 to mine a bitcoin interestingly. We are at the bottom.
If we calculate different factor in this bottom price will be between 250-275$ when all is counted. But 300 is down for at least some profit for miners. My assumption is that bottom price would be 350$ minimum. So that miners have at least 100$ profit any bigger is more then fine. |
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Markos
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Merit: 10
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October 17, 2014, 09:51:17 AM |
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~200-230 USD in 2014 and much much lower in the next year
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NotLambchop
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October 17, 2014, 02:06:00 PM |
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Bitcoin has super strong resistance @ 300 since bear whale and it costs about 300 to mine a bitcoin interestingly. We are at the bottom.
If we calculate different factor in this bottom price will be between 250-275$ when all is counted. But 300 is down for at least some profit for miners. My assumption is that bottom price would be 350$ minimum. So that miners have at least 100$ profit any bigger is more then fine. The "Bottom is where miners are breaking even" argument is nonsense. If the price falls below the break-even point, some will shut down, the difficulty would drop, mining will remain profitable for the remaining ones. |
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CryptoCarmen
Member
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Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
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October 17, 2014, 02:11:32 PM |
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we are still discussing $440 is the bottom or not less than a month agoand shortly the bottom had already exceeded $350 even a week ago the price broke $300 What do you think is the latest bottom now? It is obvious that is $42 |
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fewcoins
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October 17, 2014, 02:41:16 PM |
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Bitcoin has super strong resistance @ 300 since bear whale and it costs about 300 to mine a bitcoin interestingly. We are at the bottom.
If we calculate different factor in this bottom price will be between 250-275$ when all is counted. But 300 is down for at least some profit for miners. My assumption is that bottom price would be 350$ minimum. So that miners have at least 100$ profit any bigger is more then fine. The "Bottom is where miners are breaking even" argument is nonsense. If the price falls below the break-even point, some will shut down, the difficulty would drop, mining will remain profitable for the remaining ones.
Bitcoin has super strong resistance @ 300 since bear whale and it costs about 300 to mine a bitcoin interestingly. We are at the bottom.
::)Lmfao you guys crack me up when I hear this....... It doesn't cost $300 to produce a BTC the figure is actually in the double digits. Please remember they pay far from retail for the miners and other electronics they need + they always get discounts from the electricity providers. Trust me, even I get a little discount on my bill but they probably pay .10/kwh or less if they're good enough at negotiating! And that's if they live in a city like me!! If they're the biggest 24/7 electricity user in their entire county they probably pay less. |
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