Bitcoin below $50

[MiningBattalion]

It's horrible when it's true. But I believe the bitcoin is down to $ 8000, so it's going to increase again. Because bitcoin is a digital coin, there are so many companies, corporations and people investing in it. If the bitcoin drops sharply to $ 50, it will greatly affect the world economy, especially the world currency system. bitcoin managers, countries such as Japan and the United States will find ways to boost the price of bitcoin again.

Bitcoin it's not impossible for to be 50 $ .this looks like a funny and bitcoin miners will not allow the price to come to this level and it happen in future it's like unluckily .

[friends1980]

I think the answer is quite simple: what is the lowest possible cost to mine 1 BTC ?

Last time I checked prices, I believe it was about 1500 dollar in Ukraine and Kuwait. It would not seem logical (but logical does not equal possible) if prices went lower than mining cost. As a matter of fact it would even seem dangerous for the future of the coin since all stimulation to mine would be lost if prices go to far below the real mining cost.

Here's a recent list of mining price per country:

https://www.investopedia.com/news/how-much-does-it-cost-mine-bitcoin-around-world/

[MoonJeina]

Is this post even real ? Like seriously , i don't understand why people are so negative about whatever is going on right now . It is just such  shame that inspite of such a good growth in bitcoin from years people are just speculating for it to go as low as $50 .
That is what causes the real sink in the price , Allt the panic and the nuisance.

[coinsontheroad]

Can we expect bitcoin below $50 ?

I wish I opened up a short at 19K. Damn.

[wertanto]

I don't think he'll go down to $ 50. the price is too low for bitcoin. there will be a lot of investors in bitcoin that will automatically increase its price

[Haunebu]

I doubt that will ever happen. I think that Bitcoin can slip all the way to $5000, but $50 will never happen if you ask me. As the others have stated, many big investors engage in high volume trades(BTC) on a regular basis and buy the dip and sell at the top. In this aspect, the current bear market has triggered a dip which many investors like me are excited about and are buying the dip. This will most likely cause a rally in the near future and help Bitcoin reach $20k again soon. Rest of the crypto market will rally along and we might a situation like the recent December situation pretty soon.

[Firbolko]

 I don't think bitcoin will fall to that price. he just will not be allowed to fall to such a price by large investors

[Tilbrook007]

This thread is ridiculous!

[friends1980]

This thread is ridiculous!

Yup, it is. And so is your post.

What is your vision on its lowest price? And why?

[First77]

What is your vision on its lowest price? And why?

Large investors and hedge funds took silver price to $80/ounce in 1980. How did Silver come down to $9/ounce in 2015 ??

Bitcoin can go to $20 since it is super-hyip speculative asset.

[hitrawal91]

Yes. Why not. In this crypto world anything  is possible. It is difficult to stay always on top.  Now its time to another coin to become a king of all altcoin.

No, it's not quite possible for now. Don't post some random number like $50 or $100 because I don't think it is possible for the bitcoin to reach this much downside.But yes, now there are chances that any other coin can take the place of Bitcoin. I am expecting either Etheruem is going to top the rank in the crypto market or you can expect Litecoin to reach the number one spot. I think both these coins are having some great potential to defeat the bitcoin during this short-term deeper correction.

[ClownSpider]

If bitcoin goes low, ALL crypto currency goes low.
That will never happen because the future needs crypto currency when governments, wars, corruption happen... Bitcoin/Crypto is safe from that madness of inflation and counterfeits.

[greeklogos]

This is beyond surreal IMO. Even with the massive slumps BTC is experiencing right now, it still is hard to see that bitcoin would touch $100 again, let alone sub-$100. There needs to be some form of catastrophe before this even comes true. There are already loads of deep pockets invested and have profited from bitcoin to just let their money-making machine die in vain. Think of all the hundreds of millions of dollars invested in mining machines alone; do you think these mining operators would simply let the fad die out easily?

I think even if Bitcoin was essentially banned in most major countries, bitcoin would still stay above $50, simply because it's so hard to stop people using it.

Bitcoin has value in its utility, it is still better than VISA for transacting value between countries, in particular those with sanctions and international transfer limits. If bitcoin slumps to $50, I will go mad.

One day the price is going to be zero, no doubt. The time when people will not need bitcoin anymore will come. I only hope this year nothing like that will happen

[orarider]

This will not happen. bitcoin is still high at $ 9000 it's hard to lower it to $ 50. because the bitcoin market is expanding around the world. bitcoin has a strong influence on the world currency system. Big economies will find no way to bitcoin down low.

[First77]

One day the price is going to be zero, no doubt. The time when people will not need bitcoin anymore will come. I only hope this year nothing like that will happen

Then $250,000,000,000 will come to Gold and Silver. When you sell you get money. 

[dzhan]

This is very hard to happen, if not impossible. Bitcoin price is volaltile, and if you check its chart history since 2010 you will see that it is going up and down all the time, but in general the price keep going up year after year. So thats not the first time the price go down, and then there are no real reasons to panic.

[xDispeLme]

on the one hand,if the cryptocurrency has come to an end,we can expect 50 bucks...But now it is impossible,as the cryptocurrency is only developing

[BelieveInBTC]

Less than $50 is definitely crazy prediction. Something really bad would have to happen e.g. global ban to make Bitcoin price decline that much. If Bitcoin was that cheap, miners would quickly abandon it because it wouldn't be profitable for them to mine which means that the whole network would be less secure. I don't think that whales and people from the industry will let Bitcoin to fall that much. It could be a great time to buy more BTC but also it could discourage new potential investors who would be too afraid to invest.

[Bigcoin_Holder]

Fee to make a BTC is 6k$ and BTC impossible down<6k$

[GardenChristian]

Can we expect bitcoin below $50 ?

I don't think such a thing can happen. If the price is less than $50. Then all the miners in the world will stop working and the bitcoin network will stop working. The entire cryptocurrency market is collapsing, and some cryptocurrencies will die.