Dangerous price area

[Missterio]

I think that if the price goes down, many people will leave this market. if the price goes below 5 thousand then there will be a big panic in the market and people will sell to save at least something that they have left.

[nelsledma]

I think you can relax, because if the price goes down even to the critical level, then the old/new investors will be interested to buy BTCtc since it's cheaper

No he mustn’t be taking rest at this moment. If that man thinks he has lost the best opportunity and now he is just useless. This is wrong, brother you have got chance right here in front of you. This is best time to get into this world and work in bitcoin. That would help you to enhance your life style. May be something is wrong in beginning but keep faith in them and go on.

Some wise man once said, chances are like a ball coming to a batsman in first over of test cricket match, you have long queue of other balls as well to just come. Likewise, if this man thinks out to quit his trading just because his first ball wasn’t hit, don’t just worry. You are more to come with, so make your mind and be strong with what you have learnt. That would be helping you to regain.

[robotrobert]

I think you can relax, because if the price goes down even to the critical level, then the old/new investors will be interested to buy BTCtc since it's cheaper

You will to bear this critical situation. The investors are keen to see the price every day because of their investment. They want a big bump in the price like the previous one to make huge profits, but I think that the price is now corrected and is according to the market position. We will see no more hip and dip in the price and it will increase gradually with the passage of time.

[Omega Weapon]

I think you can relax, because if the price goes down even to the critical level, then the old/new investors will be interested to buy BTCtc since it's cheaper

People worry simply because they were not ready to see the huge crash that we saw, people thought this was finally it and that bitcoin will keep growing forever but like always that was not the case and bitcoin despite its huge technological innovations still succumbed to the old law of supply and demand, and so if the price went even lower there will be a significant amount of people selling their coins because they would have lost their faith in bitcoin at that point and even old investors will be unable to buy all of those coins.

[pistachefreak]

Probably just going to hold at this point. I've already cashed out my original investment months ago. Playing with house money now makes me not get shaken during these sell offs. If BTC does in fact go under $6k, I'll just reload the stack

[cryptowolfsu]

Some of the miners can stop but others with lower price of  electricity will start mining as well.
There is no average price of BTC mining as there are countries like Ukraine where it is $1.580 the mining of
1 BTC or even in some countries below $1k like in Venezuela.
Just to remind that one Year ago BTC price was $2.600 and nobody was thinking to leave mining , do not
understand where this negativity come from ?

[Dart18]

Produce at loss? Explanation please?
I do think there will be more loss if they suddenly stop.
Maybe you just do not know what you are talking about so i will just ignore what you said.

So miners who mine at a $500 sacrificed and took the risk just so they could mine for fun?
I do not really get it.

Perhaps you could give some light to what you are trying to say.

[XCANA]

Well that is the aspects of those that min Bitcoin and to those trade Bitcoin I believe it is the right time for them to buy at the cheaper rate and sell later when its value appreciate. And to those who are holders of Bitcoin from when its value was around  $15,000 Or so , it is really a dangerous moment for them all.

[herurist]

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???

This is deep and what should we do, cut loss to minimalism risk or keep hold and buy back? I suggest to keep hold but not for buy back, very risky. Bitcoin will go more deeper and many people will loss their asset, don't follow them for buy back. Take this situation as part of invest/ trading world, do what you need to do and believe in you. Good luck all.

[traderethereum]

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???

This is deep and what should we do, cut loss to minimalism risk or keep hold and buy back? I suggest to keep hold but not for buy back, very risky. Bitcoin will go more deeper and many people will loss their asset, don't follow them for buy back. Take this situation as part of invest/ trading world, do what you need to do and believe in you. Good luck all.

I don't think the cut loss is the best way that we can do to minimalism risk because this will makes us reduce our balance. maybe like you said, he needs to hold it for a while and he can buy back again if the price is down below than $6k because I think the price can go down more deep this time. people will be panic if the price breaks the $6k and meanwhile, the other people will use this opportunity to buy bitcoin at the low price because they might not see this price again in the future.

[kakonhat]

You are talking right. At the moment Bitcoin price is walking on the hard-line area. But it's also true that it's not first time happening. If you look behind on Bitcoin price chat you can see it was happening many times. So we should wait for up to price back level. There are not dangerous area only hard area and no need to be a worry.

[xuzukami]

How dangerous are you in it? If it affects your finances seriously then it is risky you may have different views on the price but we all hope to fall into this situation i dont like Dangerous price area

[billknight]

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???

Bitcoins are fluctuating between $ 5800 and $ 6700, and I think the situation is likely to be a long one to two months away. If the bitcoin price could rise to $ 7000 then surely the yearly price of the bitcoin would be $ 14000

[Omega Weapon]

Probably just going to hold at this point. I've already cashed out my original investment months ago. Playing with house money now makes me not get shaken during these sell offs. If BTC does in fact go under $6k, I'll just reload the stack

What you did is a way to deal with the risk, I know some people that did the same, they invested and then they withdrew their initial capital and now they are trading with the money they got from their previous investments and while that is very safe at the same time that will not allow you to earn as many profits as someone that leaved his initial capital alone and traded with all of that money.

[tung06081989]

when everyone afraid,this is right time to buy,when everyone buy and buy,this is right time to sell,i think this price area is right time to buy,the crypto market is creating bottom with vol24h very low,i think Q4 the crypto market will better

[nealdlover]

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???

Current economic downturn worldwide and Crypto is no exception. We should take this risk and instead of selling Bitcoin, we should hold on to it until the economy of the world is restored.
Bitcoin will probably be lower than your dangerous price and we should be familiar with that. Look at the history of the world economic crisis and give good lessons.

[Hamstead]

You are talking right. At the moment Bitcoin price is walking on the hard-line area. But it's also true that it's not first time happening. If you look behind on Bitcoin price chat you can see it was happening many times. So we should wait for up to price back level. There are not dangerous area only hard area and no need to be a worry.

It's really to adjust if everyone are just expecting more on high price rather than of expecting it in low.  When bitcoin price drop below $6k,  people get worried so much and get into trouble. I know they feel bad on it cause definitely they never accept such losses which is not their expectations for bitcoin.

[Sadlife]

Bitcoin is in bearish trend for quite some time now and probably because of the cartels trying to bring down the price through price manipulation and cause panic to traders to sell or convert. The current price is 6495 dollars may prediction is if it breaks the 6700 threshold will be out of the beatrish loop and the surge will begin.

[ufaiz50]

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???

It depends on the cost of the miners themselves, if the loss is better to stop, I think the bitcoin is still spinning now, but if have to imagine bitcoin will even reach $ 1k the positive thing I can say is the possibility of the fee will start small again like last years

[Sean25pogi]

Actually the cryptocurrency all prices are danger
because there is no one in this world will expect the severe loss that can leads to your investments to a zero amount or no market value.