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Author Topic: What will actually happen if bitcoin price continue to drop?  (Read 1232 times)
Impulseboy
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September 06, 2018, 02:20:52 PM
 #1

I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?
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September 06, 2018, 02:42:01 PM
 #2

who will be affected more by this: bitcoin miners? Buyers? What do you think guys?
Of course it affects all especially those people who hold at the same time it also affects the buyers decision to buy because there is a lower price because it is a good chance to buy on dip.

What I dont really get here is that why those people who dont even have or plan to buy or even mine BTC are the most affected here in forum? post a lot of thread, news, etc. etc. while they dont even have.  Grin

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September 06, 2018, 03:03:26 PM
 #3

It's a mix of everything. Bitcoin's price crashes, some people are going to panic and some people are going to be excited with the low prices. There's no way to know which kind of person is larger in number. As for miners though, bitcoin was designed in a way that it will work regardless of what price it's at(besides zero, though zero is pretty much impossible).

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September 06, 2018, 03:04:41 PM
 #4

For me, I think bitcoin's price will not continue to fall. Because in 2019, it will recover again from it's big drop. But if it will happen, then many people will suffer especially the investors and holders of bitcoin. Some will lose money and others may not. But some say bitcoin will not continue to drop. It will rise again or bounce back next year.

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September 06, 2018, 03:08:16 PM
 #5

Everyone bought bitcoins at a specific price point and each of these people have set their own "sell" price. The lower the price,

the more people will sell at the new "trigger" price and the lower the price will go. It quickly has a snowball affect, once more

trigger prices have been reached. Some of the less efficient miners will also shutdown their miners and temporarily stop with

all their mining. (You cannot keep mining, if you not making a profit)  Roll Eyes

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oppasong
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September 06, 2018, 03:12:18 PM
 #6

judging from the current market movements, bitcoin has experienced a significant decline, but I am still optimistic that the price of bitcoin continues to fall because this is the biggest part of the world crypto is where bitcoin is down, surely bitcoin will rise again and this will happen in 2019

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September 06, 2018, 03:12:37 PM
 #7

I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?

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pitiflin
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September 06, 2018, 03:13:09 PM
 #8

I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?
You don't understand the point here. The price cannot drop forever, someone will try to make the price go up, because if they don't,everyone who has bought bitcoin at any point will go into a big loss. Miners won't be the main crowd that'd get affected, the investors would be the main crowd obviously. If the price keeps going down, it would be implied that there's not enough demand for it, and the supply is more than the market demand. If there's no demand, the price won't fall,because no one will buy.


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Impulseboy
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September 06, 2018, 03:23:21 PM
 #9

You don't understand the point here. The price cannot drop forever, someone will try to make the price go up, because if they don't,everyone who has bought bitcoin at any point will go into a big loss. Miners won't be the main crowd that'd get affected, the investors would be the main crowd obviously. If the price keeps going down, it would be implied that there's not enough demand for it, and the supply is more than the market demand. If there's no demand, the price won't fall,because no one will buy.

I guess you are right. I wonder how low the bitcoin price can go? I know the bitcoin price is already getting up and hopefully it will continue to do so but I just cannot help but wonder what if.
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September 06, 2018, 03:23:36 PM
 #10

When it is drop i see big opportunity for other to jump in , in this way bitcoin is getting stronger and stronger every month, don't panic and keep you coin safe

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September 06, 2018, 03:25:07 PM
 #11

I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?
Everyone who hold bitcoin will definitely the one who'll suffer, this what causes panic sellers. They were scared about getting nothing after investing so much money on it. On the other hand buyers will benifit from this as  the price goes down there were some who take advantage of it to buy btc so that they will be the one to hold it now, so when the time comes that btc price rise again they will be the one who will be lucky. I think this is how btc really works.
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September 06, 2018, 03:25:35 PM
 #12

In my opinion if Bitcoin will continue to drop miners will feel it the most. Not even mentioning people who bought their first coins in December of 2017 because they will feel really bad.
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September 06, 2018, 03:30:49 PM
 #13

I don't think that the continous fall of Bitcoin below 6k is even possible. There is an extreme support on this price level due to all miners for wich going lower would be a financial disaster.
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September 06, 2018, 03:45:28 PM
 #14

You don't understand the point here. The price cannot drop forever, someone will try to make the price go up, because if they don't,everyone who has bought bitcoin at any point will go into a big loss. Miners won't be the main crowd that'd get affected, the investors would be the main crowd obviously.

Oh, but it can!!!
You think that BTC can't fail? You think that BTC will be alive forever?

At one point even it will be replaced by something else and forgotten, the only question is if it is going to happen in 10 years or in a hundred.

If the price keeps going down, it would be implied that there's not enough demand for it, and the supply is more than the market demand. If there's no demand, the price won't fall,because no one will buy.

And anew Adam Smith is born.
If there is no demand the price will be 0 as people will try to sell lower and lower till they reach donation level.

It's a mix of everything. Bitcoin's price crashes, some people are going to panic and some people are going to be excited with the low prices. There's no way to know which kind of person is larger in number. As for miners though, bitcoin was designed in a way that it will work regardless of what price it's at(besides zero, though zero is pretty much impossible).

In theory, it could work even with the price being 0 as miners would be replaced by hobbyists..but with what purpose would those still mine....

I don't think that the continous fall of Bitcoin below 6k is even possible. There is an extreme support on this price level due to all miners for wich going lower would be a financial disaster.

How can miners support the price when they basically produce more coins driving supply up and they need fiat to pay for their electric bills?


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September 06, 2018, 03:50:25 PM
 #15

I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?
Everyone will be affected including you and I. Even the bounty hunters too. The market need something to just boost it as soon as possible. The current price falls are just terrible.
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September 06, 2018, 03:55:58 PM
 #16

In my opinion, a person will lose his money only when he sells his bitcoin now!

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September 06, 2018, 03:58:03 PM
 #17

This current bitcoin price drop is affected by news about a certain U.S. bank planning to trash the creation of crypyocurrency trading desk. Somehow or another, investors are influence negatively by this news. But, no matter what happens, bitcoin will surely recover.

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September 06, 2018, 04:03:51 PM
 #18

100% right mate. Just fooling around with the graph. Did u check the image?
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September 06, 2018, 04:08:36 PM
 #19

I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?
When the prices of bitcoin is still continue to drop, then it means that people are started to leave bitcoin. When it happened then it will affect the miner absolutely, because they cannot pay their electricity for their rig. Also, the buyer will loss a lot of money that they have.

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September 06, 2018, 04:12:19 PM
 #20

The fall and growth of bitcoin is its peculiarity. Bitcoin cannot have a fixed cost. Everyone has a different attitude to this. If the price of bitcoin will continue to fall then this will primarily affect large investors. They're losing a lot of money. But bitcoin is not reduced. According to Tom Lee In the near future, the price of bitcoin will go up.

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