Bitcoin @ $592.. we are crashing

[Master_dandosha]

it is not a crash but it is normal because many miners abandon mining bitcoin while they moved to other profitable project so 400 $ by the end of this year is definitely possible price.

Really lol??

Other profitable project and then what? It will just add more troll coins in the making. Bitcoin is only crypto that can last for a long term. Other coins are just for short term profits.  So a serious miner will just put efforts on bitcoin even the rewards are drop.

Yes i agree with you bitcoin is only long lasting project but with halving everyone knows that mining bitcoin is not profitable anymore .

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[Roger Burton]

it is not a crash but it is normal because many miners abandon mining bitcoin while they moved to other profitable project so 400 $ by the end of this year is definitely possible price.

Really lol??

Other profitable project and then what? It will just add more troll coins in the making. Bitcoin is only crypto that can last for a long term. Other coins are just for short term profits.  So a serious miner will just put efforts on bitcoin even the rewards are drop.

That along with other factor guarantee that Bitcoin is a scalling paradise in terms of $$$.

[Red-Apple]

it is not a crash but it is normal because many miners abandon mining bitcoin while they moved to other profitable project so 400 $ by the end of this year is definitely possible price.

Really lol??

Other profitable project and then what? It will just add more troll coins in the making. Bitcoin is only crypto that can last for a long term. Other coins are just for short term profits.  So a serious miner will just put efforts on bitcoin even the rewards are drop.

Yes i agree with you bitcoin is only long lasting project but with halving everyone knows that mining bitcoin is not profitable anymore .

do you even know how much it costs miners to mine bitcoin? and as long as you don't know this you don't get to give any opinion about profitability of mining for miners and claim "everybody knows that!"

besides the hashrate shows that there are no miners leaving so far and they are happily continuing their project.

[hawkins]

occasionally crashes is needed to make the price a little bit down, so many people get the opportunity to buy bitcoin with a fairly low price. and after many buy bitcoin, the price will go up to a high enough price, so that we can sell bitcoin we have. well, that is the thing I had always thought, and I think it is a positive thought 

[wikenpp]

occasionally crashes is needed to make the price a little bit down, so many people get the opportunity to buy bitcoin with a fairly low price. and after many buy bitcoin, the price will go up to a high enough price, so that we can sell bitcoin we have. well, that is the thing I had always thought, and I think it is a positive thought 

You are right, saying this is was an crash like a crash in a traditional way, however the price seems to be back on track. On track to 600 dollars which is and was may then i would have hoped for before the crash. It shows that investors like bitcoin and we have finally have a reliable and steady bitcoin.

[LFC_Bitcoin]

Good buying opportunity now, I don't think we'll fall much from the current price. Load up guys, don't miss an opportunity to increase your stash whilst you still can.

[Denker]

occasionally crashes is needed to make the price a little bit down, so many people get the opportunity to buy bitcoin with a fairly low price. and after many buy bitcoin, the price will go up to a high enough price, so that we can sell bitcoin we have. well, that is the thing I had always thought, and I think it is a positive thought 

But you know that the price of Bitcoin was down to $465 less than 2 weeks ago?!
If people haven't used this opportunity to buy a few more coins it's their own fault.
I doubt we might go down again that much more as we already are.Maybe we test again the 580 but I think that's it.

[richardsNY]

Good buying opportunity now, I don't think we'll fall much from the current price. Load up guys, don't miss an opportunity to increase your stash whilst you still can.

Even if the price goes over $600 I still consider it a more than decent price to buy at. If I look at the sentiment and the buy support on exchanges, then I even think the price might fall a bit lower. Probably somewhere in the range of $560-$570 levels.

[twerdefnce]

the price is not crashing any more, right now it seems that it is going to go up fast

[Kprawn]

the price is not crashing any more, right now it seems that it is going to go up fast

Be prepared for a average price around $600 for a few months, because it stayed at $400 to $450 for a few months before the Halving happened and then it crashed a little with the Bitfinex hack. I

think most of the volatility has worked it self out and we are in for a long boring phase.. until the next big thing happens. Hopefully it will be something good, like a major retailer or merchant or

service accepting Bitcoin. 

[The Sceptical Chymist]

It's at $585 now, just bought a little.  Frankly I'd be happy if we stabilized at this price, but given bitcoin's history and its user base, I'm pretty damn sure that isn't going to happen.  We're going to break up or down eventually, and I'm hoping it's up.  Profit is always nice, eh?

[outatime1]

No need to panic. The price will rise and fall many times over the coming years. As long as the drop is not huge (like 50% or more) then it will be okay.

[BitMaxz]

No need to panic. The price will rise and fall many times over the coming years. As long as the drop is not huge (like 50% or more) then it will be okay.

Yeah right this is just a normal that the price will go down or up.. we know traders are just following where they can make a profit or how they are makigna profit just to sell and buy bitcoin or altcoins..
The movement of the price of bitcoin right now is not the same as movement price when bitfinex is hacked or down..  this is just the effect of trading activity..

[mundang]

Just think positive ,no one knows what will gonna happen next to bitcoin. But im pretty sure that if we maintain the 500$ price it could go up in the next months

[MFahad]

it is not a crash but it is normal because many miners abandon mining bitcoin while they moved to other profitable project so 400 $ by the end of this year is definitely possible price.

Really lol??

Other profitable project and then what? It will just add more troll coins in the making. Bitcoin is only crypto that can last for a long term. Other coins are just for short term profits.  So a serious miner will just put efforts on bitcoin even the rewards are drop.

Yes i agree with you bitcoin is only long lasting project but with halving everyone knows that mining bitcoin is not profitable anymore .

Even with halving and miners profit reduced to half, there is no stoppage of mining. Bitcoins prices are still going up . The people who have setup large infrastructures for mining are not going to give up and it is still profitable to them.

[freedomgo]

it is not a crash but it is normal because many miners abandon mining bitcoin while they moved to other profitable project so 400 $ by the end of this year is definitely possible price.

Really lol??

Other profitable project and then what? It will just add more troll coins in the making. Bitcoin is only crypto that can last for a long term. Other coins are just for short term profits.  So a serious miner will just put efforts on bitcoin even the rewards are drop.

Yes i agree with you bitcoin is only long lasting project but with halving everyone knows that mining bitcoin is not profitable anymore .

Even with halving and miners profit reduced to half, there is no stoppage of mining. Bitcoins prices are still going up . The people who have setup large infrastructures for mining are not going to give up and it is still profitable to them.

That's all what we are waiting to happen which is the price increase, I think it could happen this year and there is no major crash really as the price is backing up already, it takes a little time before we will sit comfortably to $600+ as the previous price before the fall back.

[Herbert2020]

it is not a crash but it is normal because many miners abandon mining bitcoin while they moved to other profitable project so 400 $ by the end of this year is definitely possible price.

Really lol??

Other profitable project and then what? It will just add more troll coins in the making. Bitcoin is only crypto that can last for a long term. Other coins are just for short term profits.  So a serious miner will just put efforts on bitcoin even the rewards are drop.

Yes i agree with you bitcoin is only long lasting project but with halving everyone knows that mining bitcoin is not profitable anymore .

Even with halving and miners profit reduced to half, there is no stoppage of mining. Bitcoins prices are still going up . The people who have setup large infrastructures for mining are not going to give up and it is still profitable to them.

the profit that miners get from mining has gone up instead of falling back down because of the half reward. because last year with 25 bitcoin reward the price was at 200-400 and this year with 12.5 bitcoin reward the price is 550-650 which is more than enough to make profit.

[Wind_FURY]

it is not a crash but it is normal because many miners abandon mining bitcoin while they moved to other profitable project so 400 $ by the end of this year is definitely possible price.

Really lol??

Other profitable project and then what? It will just add more troll coins in the making. Bitcoin is only crypto that can last for a long term. Other coins are just for short term profits.  So a serious miner will just put efforts on bitcoin even the rewards are drop.

Yes i agree with you bitcoin is only long lasting project but with halving everyone knows that mining bitcoin is not profitable anymore .

Even with halving and miners profit reduced to half, there is no stoppage of mining. Bitcoins prices are still going up . The people who have setup large infrastructures for mining are not going to give up and it is still profitable to them.

That's all what we are waiting to happen which is the price increase, I think it could happen this year and there is no major crash really as the price is backing up already, it takes a little time before we will sit comfortably to $600+ as the previous price before the fall back.

I am sorry but we have already have seen the major move up happen. It was followed by a fall below $600 because of the Bitfinex hack. Now I do not think that there will be any major moves up or down. We will continue to stay under $600 until the end of this year and some parts of next year.

[MFahad]

it is not a crash but it is normal because many miners abandon mining bitcoin while they moved to other profitable project so 400 $ by the end of this year is definitely possible price.

Really lol??

Other profitable project and then what? It will just add more troll coins in the making. Bitcoin is only crypto that can last for a long term. Other coins are just for short term profits.  So a serious miner will just put efforts on bitcoin even the rewards are drop.

Yes i agree with you bitcoin is only long lasting project but with halving everyone knows that mining bitcoin is not profitable anymore .

Even with halving and miners profit reduced to half, there is no stoppage of mining. Bitcoins prices are still going up . The people who have setup large infrastructures for mining are not going to give up and it is still profitable to them.

That's all what we are waiting to happen which is the price increase, I think it could happen this year and there is no major crash really as the price is backing up already, it takes a little time before we will sit comfortably to $600+ as the previous price before the fall back.

I am sorry but we have already have seen the major move up happen. It was followed by a fall below $600 because of the Bitfinex hack. Now I do not think that there will be any major moves up or down. We will continue to stay under $600 until the end of this year and some parts of next year.

I think if bitcoin price stays at 600$ till the end of the year without being major pump or dump, it will be good for overall credibility of bitcoins.  We dont want a situation where bitcoin rises to 800$ for few days and then coming back down to 400$ or so.

[Auponef]

it is not a crash but it is normal because many miners abandon mining bitcoin while they moved to other profitable project so 400 $ by the end of this year is definitely possible price.

Really lol??

Other profitable project and then what? It will just add more troll coins in the making. Bitcoin is only crypto that can last for a long term. Other coins are just for short term profits.  So a serious miner will just put efforts on bitcoin even the rewards are drop.

Yes i agree with you bitcoin is only long lasting project but with halving everyone knows that mining bitcoin is not profitable anymore .

Even with halving and miners profit reduced to half, there is no stoppage of mining. Bitcoins prices are still going up . The people who have setup large infrastructures for mining are not going to give up and it is still profitable to them.

That's all what we are waiting to happen which is the price increase, I think it could happen this year and there is no major crash really as the price is backing up already, it takes a little time before we will sit comfortably to $600+ as the previous price before the fall back.

I am sorry but we have already have seen the major move up happen. It was followed by a fall below $600 because of the Bitfinex hack. Now I do not think that there will be any major moves up or down. We will continue to stay under $600 until the end of this year and some parts of next year.

I think if bitcoin price stays at 600$ till the end of the year without being major pump or dump, it will be good for overall credibility of bitcoins.  We dont want a situation where bitcoin rises to 800$ for few days and then coming back down to 400$ or so.

I am much more optimistic. I believe the bitcoin price will be at least $800 or double last year's price in December.