We will break $200 again

[MF Doom]

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. 

Why this pessimism mate? We need a strong bitcoin. It is the sign of independence and the symbol the people who believe in the freedom and unmanipulation of the money. If everyone which write about bitcoin will be so enthusiast as you bitcoin will go 10 bucks one after two months.

How is pessimism = price going down?

It is called calling a spade a spade. I'm calling it how I see it. Not pessimistic at all.

Bitcoin is strong. But if bitcoin is only strong because of how many dollars it cost to buy a bitcoin then the focus is off.

If you missed it I said "I'm a long term bull."

I think there needs to be a separate subsection of the speculation labeled perma-bulls only, where they can delude themselves into thinking price decreases are NEVER possible.

Anyway, I think most people on here realize there is great potential LONG TERM, but only some can realize there are a lot of challenges to overcome first, and price dips will happen here and there.

My question is this though: How did miners function/operate before the price was above $180?

[richardsNY]

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.

[randy8777]

we need to leave the xt drama behind before we'll see a recovery. the price will surely go down again in the comming days. i only hope not much lower than $200. otherwise it will take a long time to get back the lost ground.

[srgkrgkj]

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.

well the volumes and order books of exchanges show that $220 is pretty strong too defo 200$ is pretty unbreakable lol as miners cant mine with decent profit margins

[smoothie]

If we break 200 again, it will be barely under 200 and short lived. Too much resistance there.

I think you mean to say support and not resistance.

[smoothie]

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. 

Why this pessimism mate? We need a strong bitcoin. It is the sign of independence and the symbol the people who believe in the freedom and unmanipulation of the money. If everyone which write about bitcoin will be so enthusiast as you bitcoin will go 10 bucks one after two months.

How is pessimism = price going down?

It is called calling a spade a spade. I'm calling it how I see it. Not pessimistic at all.

Bitcoin is strong. But if bitcoin is only strong because of how many dollars it cost to buy a bitcoin then the focus is off.

If you missed it I said "I'm a long term bull."

I think there needs to be a separate subsection of the speculation labeled perma-bulls only, where they can delude themselves into thinking price decreases are NEVER possible.

Anyway, I think most people on here realize there is great potential LONG TERM, but only some can realize there are a lot of challenges to overcome first, and price dips will happen here and there.

My question is this though: How did miners function/operate before the price was above $180?

Easy: mining difficulty was much much lower

[smoothie]

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.

well the volumes and order books of exchanges show that $220 is pretty strong too defo 200$ is pretty unbreakable lol as miners cant mine with decent profit margins

Miners do not have to always be profitable.

Look at precious metal mining. Lots of mining companies are mining at a loss.

[srgkrgkj]

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.

well the volumes and order books of exchanges show that $220 is pretty strong too defo 200$ is pretty unbreakable lol as miners cant mine with decent profit margins

Miners do not have to always be profitable.

Look at precious metal mining. Lots of mining companies are mining at a loss.

I mean in temrs of bitcoin mining theres no possible way transactions alone can maintain the network >//>

[smoothie]

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.

well the volumes and order books of exchanges show that $220 is pretty strong too defo 200$ is pretty unbreakable lol as miners cant mine with decent profit margins

Miners do not have to always be profitable.

Look at precious metal mining. Lots of mining companies are mining at a loss.

I mean in temrs of bitcoin mining theres no possible way transactions alone can maintain the network >//>

How is that subject relevant NOW when there is a block mining reward of 25 BTC currently?

[tyrexs]

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.

well the volumes and order books of exchanges show that $220 is pretty strong too defo 200$ is pretty unbreakable lol as miners cant mine with decent profit margins

Miners do not have to always be profitable.

Look at precious metal mining. Lots of mining companies are mining at a loss.

I mean in temrs of bitcoin mining theres no possible way transactions alone can maintain the network >//>

How is that subject relevant NOW when there is a block mining reward of 25 BTC currently?

I hear next year only 12.5btc reward mining blocks. Will prices go up or otherwise bitcoin even drop dramatically. so sad to see the price of bitcoin now

[smoothie]

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.

well the volumes and order books of exchanges show that $220 is pretty strong too defo 200$ is pretty unbreakable lol as miners cant mine with decent profit margins

Miners do not have to always be profitable.

Look at precious metal mining. Lots of mining companies are mining at a loss.

I mean in temrs of bitcoin mining theres no possible way transactions alone can maintain the network >//>

How is that subject relevant NOW when there is a block mining reward of 25 BTC currently?

I hear next year only 12.5btc reward mining blocks. Will prices go up or otherwise bitcoin even drop dramatically. so sad to see the price of bitcoin now

The halving will be priced in before the actual halving occurs. This implies but not guarantees a price rise.

[erikalui]

It's reaching $235 now and it's only going to increase from there not decrease. The demand for bitcoins has increased and highly doubt it may even touch $200 now.

[smoothie]

It's reaching $235 now and it's only going to increase from there not decrease. The demand for bitcoins has increased and highly doubt it may even touch $200 now.

quoted for posterity

[jehst]

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.)

[AtheistAKASaneBrain]

Eventually the price will go up specially after 2021 when the next (not 2016 one) approaches.
By then fiat based capitalism may be exploding and BTC may experience insane ass uptrends of 6 figures per BTC.

[notme]

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?

[BitmoreCoin]

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.

[shane]

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$

[jehst]

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]

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