If BTC drops below $1000

[Doonish]

I crunched some numbers on the profit of GTX 1070, 1070ti and 1080 average hash rate at a price of $0.093 watt.

At each graphics cards average hash rate given the possibility of BTC dropping to $1000, the GTX 1080 and 1080ti are the only cards that will turn a profit at .093 cents per watt. They will return about $0.11 profit after the cost $0.29 to run.

A GTX 1080 cost $550+ that doesnt include the other hardware needed to run the GPU. That means it will take over 5000 days to get your ROI, return on investment.

TLDR: My hypothesis based on this observation is, if BTC drops below $1000 threshold Alt coin mining will become nothing more than a hobby and most Alt coin markets will die. Leaving mostly Proof of Stake Alt coins. These are interesting times.

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[jiangsuren]

if btc drops below that price i will buy 1000 bitcoin and hold it for a long time \

  but is there possible ? i don't think so

[solarion]

I would go with the above person's word. I know the potential of bitcoin. It will bump back with the other people investment therefore i will buy the bitcoins as much I have saved in other cryptos and fiat cash.
Like you people fear about the dump may sell it as soon as possible and deal when the time value recovered in the marketplace.
Other than that, I am 1000 percent sure that will never happen at all. You will find bitcoin on 25k USD in next 3 to 6 months.

[jjdub7]

I crunched some numbers on the profit of GTX 1070, 1070ti and 1080 average hash rate at a price of $0.093 watt.

At each graphics cards average hash rate given the possibility of BTC dropping to $1000, the GTX 1080 and 1080ti are the only cards that will turn a profit at .093 cents per watt. They will return about $0.11 profit after the cost $0.29 to run.

A GTX 1080 cost $550+ that doesnt include the other hardware needed to run the GPU. That means it will take over 5000 days to get your ROI, return on investment.

TLDR: My hypothesis based on this observation is, if BTC drops below $1000 threshold Alt coin mining will become nothing more than a hobby and most Alt coin markets will die. Leaving mostly Proof of Stake Alt coins. These are interesting times.

I hope that we will not see it soon.
But you forgot difficulty adjustments. At least some alts will stays profitable for mining.

[psi1000]

I don't think that we will never see 1000$/btc anymore 

[wordspavovv]

I crunched some numbers on the profit of GTX 1070, 1070ti and 1080 average hash rate at a price of $0.093 watt.

At each graphics cards average hash rate given the possibility of BTC dropping to $1000, the GTX 1080 and 1080ti are the only cards that will turn a profit at .093 cents per watt. They will return about $0.11 profit after the cost $0.29 to run.

A GTX 1080 cost $550+ that doesnt include the other hardware needed to run the GPU. That means it will take over 5000 days to get your ROI, return on investment.

TLDR: My hypothesis based on this observation is, if BTC drops below $1000 threshold Alt coin mining will become nothing more than a hobby and most Alt coin markets will die. Leaving mostly Proof of Stake Alt coins. These are interesting times.

Max drop will be 6000, no chance to go any lower. But a strategy would be to sell BTC and buy early ICOs at whitepaper state as DIW which I support in my signature. When the whales return and new people start reinvest their money, will invest to new ICOs with solid projects, DIW for ex and Trade.io.
This ICOs will have huge hype, mark my words. x10 the min and x100 in the first 6 months

[Temmy007]

I doubt it will even reach $6000 before the big renounce cause it what whales want us to think.  This is a normal occurrence, the best to do in this market situation is to hold.  I believe it can't go below 8k

[AndriyPilipyak]

I think no, till 6000-7000K maximum

[Jating]

if btc drops below that price i will buy 1000 bitcoin and hold it for a long time \

  but is there possible ? i don't think so

Of course, we can all hoard and accumulate all the bitcoins we want and store in our wallet for a long time. That's every bitcoin enthusiast dream, to have 1000 BTC because its getting rare as the year goes by making the price go up literally. But I don't think that is possible for bitcoin to be pull to $1K price. Because when it goes down, those people who watching from behind will suddenly jump to every opportunity to buy bitcoin at its cheapest price.

I think no, till 6000-7000K maximum

Resistance at around $10K has been broken, however, it looks like that we are back at $10K again. I'm sure this is because many people are now buying at this price. They don't want to miss this very opportunity, and it may not be seen again. Better to get in, while the price is depreciating.

[jackhdt]

I crunched some numbers on the profit of GTX 1070, 1070ti and 1080 average hash rate at a price of $0.093 watt.

At each graphics cards average hash rate given the possibility of BTC dropping to $1000, the GTX 1080 and 1080ti are the only cards that will turn a profit at .093 cents per watt. They will return about $0.11 profit after the cost $0.29 to run.

A GTX 1080 cost $550+ that doesnt include the other hardware needed to run the GPU. That means it will take over 5000 days to get your ROI, return on investment.

TLDR: My hypothesis based on this observation is, if BTC drops below $1000 threshold Alt coin mining will become nothing more than a hobby and most Alt coin markets will die. Leaving mostly Proof of Stake Alt coins. These are interesting times.

This will not be possible. We will never see the price bitcoin is $1000 again and I'm sure I'll buy it when the price of bitcoin under $5000
Besides, Altcoin coin markets will never die. altcoin market very potential. There are many real projects and so much so new technologies really good
although Bitcoin has great influence altcoins but cryto currency is the currency of the future. Bitcoin is just the beginning

[blazingshockwave]

I crunched some numbers on the profit of GTX 1070, 1070ti and 1080 average hash rate at a price of $0.093 watt.

At each graphics cards average hash rate given the possibility of BTC dropping to $1000, the GTX 1080 and 1080ti are the only cards that will turn a profit at .093 cents per watt. They will return about $0.11 profit after the cost $0.29 to run.

A GTX 1080 cost $550+ that doesnt include the other hardware needed to run the GPU. That means it will take over 5000 days to get your ROI, return on investment.

TLDR: My hypothesis based on this observation is, if BTC drops below $1000 threshold Alt coin mining will become nothing more than a hobby and most Alt coin markets will die. Leaving mostly Proof of Stake Alt coins. These are interesting times.

All you have to do is to wait for the right time to sell bitcoin. Holding is the key, you already know that  if you sell it at $1000 you will not get a profit from it.  Learn to trade altcoins to have another source of profit in case you need a back up for your monthly pay bills.

[cryptohunter]

lol another 2 post wonder joining to add some fud

if btc goes negative numbers and you have to pay people to accept it from your btc wallet?

what if that happens?

I did some calculations based on some improbable nonsense and concluded....

Actually I concluded this amount of fud is a good sign... this is a manipulated coordinated strike which has one motive to take your btc and alts off your hands as cheaply as possible then to sell them back to you for magnitudes more later on.

[arunakiran]

Who bought at higher price.... No words

[LodisMcguire]

I crunched some numbers on the profit of GTX 1070, 1070ti and 1080 average hash rate at a price of $0.093 watt.

At each graphics cards average hash rate given the possibility of BTC dropping to $1000, the GTX 1080 and 1080ti are the only cards that will turn a profit at .093 cents per watt. They will return about $0.11 profit after the cost $0.29 to run.

A GTX 1080 cost $550+ that doesnt include the other hardware needed to run the GPU. That means it will take over 5000 days to get your ROI, return on investment.

TLDR: My hypothesis based on this observation is, if BTC drops below $1000 threshold Alt coin mining will become nothing more than a hobby and most Alt coin markets will die. Leaving mostly Proof of Stake Alt coins. These are interesting times.

Max drop will be 6000, no chance to go any lower. But a strategy would be to sell BTC and buy early ICOs at whitepaper state as DIW which I support in my signature. When the whales return and new people start reinvest their money, will invest to new ICOs with solid projects, DIW for ex and Trade.io.
This ICOs will have huge hype, mark my words. x10 the min and x100 in the first 6 months

Well yeah,if we see the price will drop too low,it's better to sell bitcoin now and go buy some altcoin or join some ICO.But if you want to play safe,just sell bitcoin now and buy back later,don't invest in some coin with uncertainty growth.For some of you who are willing to wait a long time,start buying now and keep stacking bitcoin in your wallet and wait when the price bounce back to sell them.I hope this price drop doesn't last long.

[biosfrank]

The possibility I don't see. But if it does happen, I will buy, buy and buy!

[colautronggio]

You should invest now, this is a great time

[Freebieindia]

i dont think that gonna happen, but if it happen there will be huge loss in crypto market and it will take a long time to recover

[Doonish]

The possibility I don't see. But if it does happen, I will buy, buy and buy!

Same I will buy and turn off the miners.

[bigvito19]

You won't see a $1000 bitcoin anymore

[JesVarez]

I dont think we will every see it being triple digits again, if it does hits lower than 10k then every smart investor will start buying and will make the coin go up. Im just waiting for it to lower a bit more and then invest on it.