Dangerous price area

[Dukjila]

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

I think that Bitcoin will still reach 6K, this is due to the loss of confidence in Bitcoin, more precisely to the formation of its price, because exchanges and large holders can monetize the market with cryptocurrency.

[sana9826]

For me, it is good. If it possible to bitcoin go to $100 i want to buy it more. I think it is good for the investors to keep invest more on bitcoin while the price are going down. Remember that crypto unpredictable, we never know that the price will be rised up again even more than before.

[Fredomago]

As of now the price of the bitcoin is $6500 and yesterday the price are down near at $6000 but it's not down very near because many people who bought bitcoin so they increase a little. The critical level for me is when the price of the bitcoin down at hundreds dollars but if the price are still thousands dollars they have big chance the price recover or become ten thousands dollars more.

If bitcoin prices go to hundreds then it will lose people interest and later recover may become difficult because new investors may not show interest to invest in bitcoins because 20K to hundreds is a too dangerous thing to happen. I think if this negative sentiment continue then it may reach around 4K level and from their, it may start moving up but not sure what is the exact market bottom.

Anything is possible inside crypto, many speculations are already spreading and a lots of thread already been open about the possibility of bitcoin will move in the next few months, we are keeping in faith that bitcoin will soon to rise back and reach another height while in reality we are seeing serious downfall and
investors are start worrying about their investment, 6k holding grounds is not strong maybe we will see deeper than that but hopefully after that level interest will show back and crypto peps will start to join hands and pumped the price little by little.

[CryptOliver]

It is not a dangerous area dude, you know that bitcoin in 2015 has $280 worth. I think this is good for crypto enthusiast such investor or holder, they are waiting for bitcoin price fall as low as possible. They want to have many bitcoin in cheap price. So the dumper such make golden ways to the investor if we think positively.

[neocryptrix]

I think major investors are afraid to buy in at current levels, support or not. When long term hodlers throw in the towel, that's when big money is going to buy their coins and send the price back up. The market is cyclical in that way. Look at past trends 2014-15. The day you turn on TV and hear that Crypto is dead is probably the day to buy.

[Shenzou]

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

Even if mining stops for while it will start up again, and in fact it might be better for the price, because the less bitcoin miner the more the demand will be the higher the price will get, this market has been and always be like this so there is nothing to worry about especially when it comes to bitcoin because it has so many people behind it and even if its price goes down it will eventually go up again you just have to be patient

[carlfebz2]

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

I dont know where you do get that dangerous area when it comes to bitcoins price. I dont see why miners would completely stop into their venture? If they do then whose gonna be the one who will push up transactions? This collaboration isnt really right to presume things. How you would say into those times when we are still on hundred dollars in price? if you are concern on miners profitability then just leave them alone, they do know on what they are doing profits will still come in as long theres still demand with bitcoin.

[ilnick]

For someone 6000 for bitcoin dangerous zone and for someone a great moment to buy bitcoin. The miners will continue to work because they believe in a forecast of $ 25,000.

[ajqjjj]

For someone 6000 for bitcoin dangerous zone and for someone a great moment to buy bitcoin. The miners will continue to work because they believe in a forecast of $ 25,000.

This expectation is not a sudden jump it takes three to four months so current scenario of mining platform is little down because of price fluctuation stay in a same region so again many miners are stop the mining platform then next week or next month it will grow gradually in Crypto market. Finally miners are start the mining work so this border line move to positive line.

[AnonBitCoiner]

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

I was not assured,whether the mining farms will stop to mine.When the price of bitcoin reaches 6000-6200$.Two days back the price of bitcoin reduced 6257$ and start to again.If they had stoped  to mine at 6257$,automatically the price will further reduced.

[ummart66]

Unfortunately prices have been going down everywhere for a while now. At every major resistance area I see posts claiming we've hit rock bottom. Unfrotunately we still have a lot of room to go down still.

The best thing to do, in my opinion, is to ignore the actual USD value of your long-term holds, and just try to accumulate. Remember why you bought them, and if you believe they will be worth something in the future, try to gain more of them through selling pumps and buying dips. I don't feel confident enough in day-trading coins I don't personally believe in, since so many of them have been dropping 30% or more in a day. I try to focus on just accumulating the coins I really believe in by making very small trades, so I can accumulate over time.

[Omega Weapon]

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

Let the miners care about their problems since I will care about my own and I do not see the miners doing conferences to solve our problems, if bitcoin goes below its production costs then this means that miners will probably have to either switch to other coins or accept the lower costs and operate for a loss for sometime hoping their competitors are the ones that cannot afford to mine bitcoin anymore.

[Yaunfitda]

Stop mining if you really have a good miner right now, because it is not going to give you many profits. The same if you are trading, you are risking your money because of a bad market

But I'm sure that if one miner completely stops today, one will pick it up so the cycle continues. As for the dangerous levels, we have seen bitcoin floored in April and playing around the $6K range but mining didn't stop. So I don't think that miners will just shut it down because they are not earning at today's situation. But I'm sure that they have save enough for the rainy days that as business man, they can still operate at the current price and breaks even or even suffer a lost but its minimal that they would rather take the risk to continue doing it.

[bitterguy28]

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

If bitcoin goes in to critical level scenario I think not the reason miner stop mining bitcoin because miner should knows bitcoin hold are profitable, most of the miner can't selling bitcoin quickly some of them hold their bitcoin came from the mining because they should know after the dump bitcoin price will goes up again, from the start bitcoin price ranging only at low price but people setting up mining rig because they believe mining are profitable ways to earn money. I think one of the reason bitcoin price drop is because the miners hold their bitcoin and some bitcoin not circulate in the market.

[kojoannan]

If bitcoins fall below the price of 6000 usd, then traders and miners will lose more faith in bitcoin which will lead to dumping of it for other safe and profitable coins.

[Omega Weapon]

Stop mining if you really have a good miner right now, because it is not going to give you many profits. The same if you are trading, you are risking your money because of a bad market

But I'm sure that if one miner completely stops today, one will pick it up so the cycle continues. As for the dangerous levels, we have seen bitcoin floored in April and playing around the $6K range but mining didn't stop. So I don't think that miners will just shut it down because they are not earning at today's situation. But I'm sure that they have save enough for the rainy days that as business man, they can still operate at the current price and breaks even or even suffer a lost but its minimal that they would rather take the risk to continue doing it.

True it is not like miners do not store bitcoin and fiat just in case something like this happens, that will be very irresponsible, I'm sure they took advantage of the all time high and they are now swimming in cash and are laughing at us for being worried at them, and for the miners that did not do that then facing bankruptcy will be the just punishment for not knowing how to administer their business.

[kejot]

I think there no dangerous area, because most people want to get bitcoin in easy and lower price. This is good moment for investing, danger area for selling, so don't sell your bitcoin if you think that this is danger area. Sell if you want, then peple will catch it. When the buying and selling activity still happen, there no danger that you need to worry.

[Nerman]

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

Personally I do no think we will go below the $6,000 support level. That is the strongest support level we have. Now of course we there is no way we can predict the future and if we go below $6,000 then we are most likely go back to $4,000 support level and possibly $3,000 area. Now if that happen I think price will recover right away since that price is really attractive to investors.

[supermine]

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

I don't think mining farms will stop mining it only for the people who holding less powerful miner which is not enough to handle the current difficulty will leave bitcoin mining.But this price is not going to be the forever so they will keep on trying until the prices will increase so they may not stop mining unless the price goes to a level where miner have no profits.But if less miners means less difficulty so the remaining miners will have more rewards than before so it will equalize.

[r32godzilla]

hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???

No.Bitcoin price has already started to recover.Its now moving in the upper trend.Bitcoin's today price is 6,670 dollars and it's said that big whales have started their job to push up the price.