If a bitcoin falls below $2,000, what could be the cause? What is the real value

[jiangwei@coincola.com]

When I learned about Bitcoin, it was almost 20,000 dollars. Recently, the price has been lower, but I am still optimistic about bitcoin. Many people say that the value of bitcoin lies in trading and liquidity. It is because of price fluctuations that investment is made. Opportunity

[RonF]

If you research the past value of all major stocks and bonds you will see a series of ups and downs.  Perfectly natural.

Hodl.  That is the key.  While others panic and dump at lows, sit back and wait.  That is the key to success. Simple.

[Marcel666]

Bitcoin is free falling at the moment and just dropped below $5000.
Considering the build up to the feud and BCH fork this dip was expected.
I would be very worried if it doesn't hit a support soon.
Altcoins (those with rising value) seems to be the best option right now. If you are holding some you should prioritize them. But don't flip your bitcoins.

[dothebeats]

Manipulation would be the main reason. As you can see, bitcoin remained stagnant for months until before the Nov. 15 hard fork of BCH. Craig Wright have made comments regarding his control on bitcoin and it could possibly be the case. Naturally, people will panic and have since sold their holdings together with other investors, causing a domino effect overall on the market.

It'll be long before everything goes to normal, or at least the control of manipulators be removed.

[nicster551]

When I learned about Bitcoin, it was almost 20,000 dollars. Recently, the price has been lower, but I am still optimistic about bitcoin. Many people say that the value of bitcoin lies in trading and liquidity. It is because of price fluctuations that investment is made. Opportunity

It only means that a lot of people are starting to lose hope for Bitcoin and want to get out of the market real quick before their investments turns into dust.

[Whaletale]

Btc will bounce in no time when the time for surge comes so am not worry at the moment has this was over due and was expecting before now but many think Craig and hashrate war causing it , fine is the major reason for the dump now but we really need it to have done it for long and by now will be a kind of some correction as the manipulation was base on -5800-6000 before which it has find difficult to break then and now due to the fork and hashwar it was able to break the wall and I think 4800 is next stop and if that broken too then we should be thinking of 1800-2000 area as final stage where it might see final support.

[pooya87]

the value of bitcoin is in its utilities not in its trading!
and that value is a lot higher than the current price which makes its current state as extremely under-valued. i still say it is impossible to drop that low even despite the large scale attack that is being performed by the BCash attackers on the market.

[NUnuasod]

AFAIK bitcoin is not a currency and it is traded like a goods so its price will defined by market demand, it can be a bit difficult to understand but to understand, you should learn some basic theory about supply and demand, economy and pricing.

edit: i forget this, speculative investment can also take affects to bitcoin price because total value of bitcoin in the market is not big.

[Portorico952]

Last Btc peakin price to 19.500 and current fall to 4.800 and possibly even lower is done by the same group from the  "financial dark state". They are now spending priofits earnedd from the peak to depress the price now.
Remember that futures market opened on thy day the fall in prices from the peak started. So it is all connected. No private investor would do with his own money what is being done now.

 The goal is to destroy confinence in Btc and stop flow od new money.

[Kakmakr]

A price below $2000 will definitely push some Bitcoin <BTC> miners out of the mining scene, because in some places the electricity cost is much higher and they need a higher Bitcoin price to be profitable. So you might see a slight drop in the hash rate of BTC, if this happens.

It is sad to see that the $5000 price point was breached, because I thought the speculative price point was above $5000. We will just need to hodl and hope for the best now.  

[Zin-Zang]

A price below $2000 will definitely push some Bitcoin <BTC> miners out of the mining scene, because in some places the electricity cost is much higher and they need a higher Bitcoin price to be profitable. So you might see a slight drop in the hash rate of BTC, if this happens.

It is sad to see that the $5000 price point was breached, because I thought the speculative price point was above $5000.
We will just need to hodl and hope for the best now.  

hodl is for suckers, many are selling now at above $4000 and will just wait out the crash (3 year bear market),
until btc gets close to $2000 and then buy back in.

And if it looks like btc will tank further than $2000, at least they have their fiat to fall back on, instead of a complete loss.

[QuestionAuthority]

I’m gonna give you the only answer that’s absolutely true and undebatable. Everything is worth exactly what people are willing to pay for it, that’s the real value. If bitcoin falls below any given amount that means that more people are selling it than buying it. Bitcoin will increase in value when more people are buying than are selling. Anything other than these facts that anyone else tells you about the cause is a pure guess. It might be a very good educated guess but it’s still just a guess.

[SamarasLoch]

Bitcoin price is moved by its volume. Its the same with any kind of commodity out there.  Demand(people buying) increases price and supply(people selling) reduces price. Right now,  people are no longer buying or maybe there has been no new education about Bitcoin to new people. Once that is achieved,  then we will have more buyers than sellers and then we can see some push up in the price.

[ganlianshifu1]

The Bitcoin mining machine is cutting prices, the electricity bill is also very cheap, and the cost is different all over the world. In addition, cost is not the only factor determining the price!
It is a zero-sum game itself. It can't consider the seller's psychology. It has to consider the buyer's psychology and there is no money to enter the market. The price will not rise.

[muslol67]

When I learned about Bitcoin, it was almost 20,000 dollars. Recently, the price has been lower, but I am still optimistic about bitcoin. Many people say that the value of bitcoin lies in trading and liquidity. It is because of price fluctuations that investment is made. Opportunity

This issue of real value will be raised more and more. Bitcoin came back quickly after the price rise above the expected. We came here by breaking important support. After that, every support that is broken will make it difficult for us to move to a higher level. I hope we never see levels like 2-3K.

[larkinvain]

If bitcoin price gets down below $2k it would be the worst price ever and bitcoin users only be responsible for that because people love to sell rather than buy. Investors should buy bitcoin whatever the current price it doesn't matter if someone not to pay the value of bitcoin then it will be falling down users need to stay patient for the real price.

[franky1]

in short
costs of mining. involvement of mining. vs cost of buying coin. is variable depending on hashrate and how many asics and cost of asics.

now the reason why hashrate is an important indicator.
if people can buy coin cheaper than mining costs they will.. (bringing price up until corrected equilibrium)
if people can mine cheaper than buying coin they will.. (bringing price down until corrected equilibrium)
if miners can reduce cost to mine (cheaper rigs) they will sell (bringing price down until corrected equilibrium)
if miners have more competition(more hashpower/more cost) if mining cost more than price they will buy coin(until equilibrium)

which is all about "corrections" of speculation spikes and dips

people will always find the best way to get bitcoin. which is why the base VALUE of bitcoin circles around the mining cost.

its complicated psychology and math. which is why i tried to not fill in all the math and psych.

but right now at ~40exa the value AREA is:
very limited users can profit at bottom($3600)      however based on who has rigs($4600-$6100)
emphasis very limited amount of people can break even at $3600.
........
to get a baseline value of $1500 again the hashrate would be down at 16exahash and everyone would need to be using the latest efficient asics.
........

ill try to make it simple for people to calculate an indicator, and understand it all

take the current exahash (eg 40~)multiply by 89
(i done the math to make it simple as multiply by 89)
this 89 is based on current hardware costs IF ALL asics were next gen
hense baseline(bottom)

and the electric was 5cents/kwh and the hardware was 950 spread over a year. then the math of how many asics is required to hash a block. and divide it down to the costs and the costs per ptc

and thats the cost of mining and the baseline multiple to indicate base value .
big point. its the BASE multiple. THE LOW.

i say baseline because some are using S9(14thash 1.3kwh) at that exa multiple of 111 cost (each asic was $450 bought)
i say baseline because some are using S9(14thash 1.3kwh) at that exa multiple of 154 cost (each asic was $850 bought)
i say baseline because some are using S9(14thash 1.3kwh) at that exa multiple of 280 cost (each asic was $2000 bought)
i say baseline because some are using t15(28thash 1.6kwh) at that exa multiple of 89 cost (each asic was $950 bought)


a month ago the multiple was 111(bottom),
a couple month ago was 135 (mix)
a couple month ago was 154 (mix)
6 months-1year it was 280. (top)
(this 111 multiple was the base line for 12 months as that was the bottom cost of the last gen asics)

not everyone has such low cost of mining of the next gen 89 multiple. but some of the farms do. so an amount of influencers that can move price will be around that 89 multiple.
(they can sell down to the value of say 40exa * 89 and still break even profit)

after all
if a person can SELL bitcoin at profit for than mining it. they will.
but not everyone can because not all miners are at the 89 base multiple

but due to next gen asics the multiple is moving down to 89. (yep outsiders/hobbiests are not getting deliveries until last week of december, but yep some facilities are already using them.. (and manufacturers are cough cough profitably quality assurance testing hardware before december delivery to users))
so the value is not yet at the 89 multiple .. but the bottomline is a multiple of 89 of the exahash

i was hoping to see hashrate raise and lockout at above 60exa before the next gen release. but seem last month before the price drama. we seen them curve down the hashrate

........

[Roidz92]

No problems here mate, 20.000 or 2.000 changes nothing about the potential. Surely the funny war between bch now is not helping, but don't worry, it could also reach 500$ price, if you hold you will be rich in some years.

[coinycoiny]

No problems here mate, 20.000 or 2.000 changes nothing about the potential. Surely the funny war between bch now is not helping, but don't worry, it could also reach 500$ price, if you hold you will be rich in some years.

Its over-valued at either price, remember, its only worth what someone else is prepared to pay for it. Its real value is less than tulips, at least they can be used in a garden.

[coin8coin8]

When I learned about Bitcoin, it was almost 20,000 dollars. Recently, the price has been lower, but I am still optimistic about bitcoin. Many people say that the value of bitcoin lies in trading and liquidity. It is because of price fluctuations that investment is made. Opportunity

Dude, I don't know if you bought some at Bitcoin $20,000. If you do, then you have lost 70% now. This is a very bad experience, but compared to those who bought altcoins, bitcoin is not the worst.
Bitcoin now has more value from hype, and in real life you rarely see who uses bitcoin. Maybe the era of bitcoin has not really come yet.