BTC WILL GO UNDER 1K$

[hahahafr]

The price will not crash to that range, i suggest you to read a little bit more instead of coming in here in order to spread fud, period. There is no way to see it happening.

[Alexvid]

People thinking they sound pro as fuck and big time. "Buy the dip bro" which one? The One from 20k to 18k? Maybe the 18k to 16k? Or are we talking about the 16k to 14k dip? no wait. Maybe you are on about the 14k dip to 12k. Or is it the 12k dip to 10k? Nah I got it. You must be on about the 10k dip to 8k cause you pro right. Oh no. Now it's the 8k to 6k dip.

The comments are cringey as fuck again I see. Kids still trying to sound pro as fuck. Anyway. Leave you to it. Just remember. If you know fuck all about trading. Just use random overly used phrases you come across on Facebook. "Buy the dip" "weak hands sell". That'll convince everyone you know what you are on about. I see all those other dip buys worked out well.
Now 6700$ to 4k$, than 4k$ to 1$ and  1k$ to 500$, and again People thinking they sound pro as fuck and big time.

BTC can't go, and stay, under $5k because the cost for mining one BTC is above that mark. So the minimum that you can expect is $5k.
If you don't know enough about crypto and you're not willing to learn then it's better for you to quit while you still have some money.

[exstasie]

BTC can't go, and stay, under $5k because the cost for mining one BTC is above that mark. So the minimum that you can expect is $5k.

Why do you assume price is based on cost of production? Miners = supply, and I don't think they're generally in the business of propping the market up with fiat money.

If mining becomes unprofitable and leveraged miners need to shut down, then difficulty will just drop. Profitability will adjust accordingly after marginal miners are squeezed out of the market, much like how marginal traders are squeezed out before a price reversal.

If you don't know enough about crypto and you're not willing to learn then it's better for you to quit while you still have some money.

Date Registered: May 09, 2018, 11:57:37 AM

[HatakeKakashi]

$1000 is not good for the price because once they under it they have chances the price decrease more and down at hundreds dollars or become dead coin. So we need to avoid bitcoin to that price to maintain the high price. We need improvement right now to the price it's $6500 and I think we need to pump this coin to $7000 this day so buy more bitcoin snd hold it for few years to earn more money.

[tokecabe]

I agree if the Bitcoin price will not be possible to go back under $ 1000 because most lace at the moment is $ 6500.
even bitcoin could go back up to $ 15,000

[gabmen]

$1000 is not good for the price because once they under it they have chances the price decrease more and down at hundreds dollars or become dead coin. So we need to avoid bitcoin to that price to maintain the high price. We need improvement right now to the price it's $6500 and I think we need to pump this coin to $7000 this day so buy more bitcoin snd hold it for few years to earn more money.

Makes sense. I think people will largely lose interest in it if it goes down to that level and probably the whales would be the only ones benefitting when they decide to pump the price up. Though you're right. It's close to being a dead coin if things go that bad :p

[alyssa85]

The big dip was on 6th February. That is when you should buy. Those that bought doubled heir money in just two weeks time.

Spot on. I believe bitcoin dipped to $5960 on 6th Feb and then moved up quickly. There seems to be a huge amount of buy orders placed around the $6000 - $6200 mark, and they are supporting the price.

[Denker]

I agree if the Bitcoin price will not be possible to go back under $ 1000 because most lace at the moment is $ 6500.
even bitcoin could go back up to $ 15,000

Everybody who tells you Bitcoin will go down to $1000 or even below that is just fear mongering!
There is absolutely no reason why the price should fall that low, except some serious bug would be somewhere in the code, which couldn't be fixed immediately.
Furthermore there are so many big bids placed between 5k-6k that there should be some really strong support level.
About reaching $15k this year, I'm not so sure if that is still realistic, or if it would be good to move up that fast again. To be honest I would like to see a more slow and graduate rise the next 12 months and then let's start to moon again when we are half a year away from the next of halving in may of 2020.

[sunanbonang]

I do not believe in this person, indirectly he told us to sell our bitcoin. while he will buy as much as possible. great idea

[Ararbermas]

 Your funny mate.lol , actually it depends on your strategy as well,  and don't ever rely and jump real quick on others predictions or thoughts,  which is must observe the pattern first also to assure if it's the real time to buy, 'cause most analyst holders nowadays always sharing predictions without strong evidence. So must make you own technical analysis to prevent regrets.

[samcrypto]

The big dip was on 6th February. That is when you should buy. Those that bought doubled heir money in just two weeks time.

Spot on. I believe bitcoin dipped to $5960 on 6th Feb and then moved up quickly. There seems to be a huge amount of buy orders placed around the $6000 - $6200 mark, and they are supporting the price.

We have a strong support right now and I know it will never back to $1k again. The OP might be broke at this time for the decision he has made but being like that will not help you to regain your loss, better to keep on believing with this great technology and you can have profit for sure.

[richminded]

$1000 is not good for the price because once they under it they have chances the price decrease more and down at hundreds dollars or become dead coin. So we need to avoid bitcoin to that price to maintain the high price. We need improvement right now to the price it's $6500 and I think we need to pump this coin to $7000 this day so buy more bitcoin snd hold it for few years to earn more money.

Whales will make ways to protect bitcoin from being dead, so technically this will not happen. Don’t act like a child who knows nothing about the market, the market down in the past months are just part of the correction so better to stay calm and buy more right now before it goes up again.

[onrise]

The price will not crash to that range, i suggest you to read a little bit more instead of coming in here in order to spread fud, period. There is no way to see it happening.

This is totally FUD and I doubt anyone here would like to believe to any such numbers which will not even be seems for many years from now on. Those who want to day dream are free to think that any day when it fall to 1k they will buy 100's of btc and will always regret later by not even buying at current price.

[Coffee135]

$1000 is not good for the price because once they under it they have chances the price decrease more and down at hundreds dollars or become dead coin. So we need to avoid bitcoin to that price to maintain the high price. We need improvement right now to the price it's $6500 and I think we need to pump this coin to $7000 this day so buy more bitcoin snd hold it for few years to earn more money.

Whales will make ways to protect bitcoin from being dead, so technically this will not happen. Don’t act like a child who knows nothing about the market, the market down in the past months are just part of the correction so better to stay calm and buy more right now before it goes up again.

I agree with you. Nobody will sell bitcoin below its cost price. We see huge resistance already at this price. The volume of bitcoin sales at Binance decreased by 3 times. The same dynamics is shown by other exchanges. It seems to me that this is a signal that the price will begin to grow in the near future.

[Febo]

BTC can't go, and stay, under $5k because the cost for mining one BTC is above that mark. So the minimum that you can expect is $5k.

To mine 1 Bitcoin with waste majority of worlds cost of electricity is way under $5000k.  In Venezuela that have cheapest electricity is way way way under that number.

If we forget everything else and take just cost of mining to get price of Bitcoin, then price for Bitcoin can go to $1 or less.  It goes like this. At this point in South Korea where eclectic s most expensive is not worth to mine Bitcoin so all miners from South Korea stop their miners. That reduces overall hash power and difficulty decrease and all the rest miners gets more bitcoins for their hash power they contribute.  When more and more miners stop mine difficulty keep falling and that makes mining easier for the rest of miners and then their cost to mine 1 BTC can go to $1.


But price of Bitcoin is far from being dependent only of this