What will be the cost of bitcoin?

[maldini]

Correct, we have experienced the worst of bitcoin and that dump to $7800 is nothing like before. No need to freak out or anything just trust bitcoin, it'll rise up again probably before the months.

I think so, I prefer this moment because this is where I can buy more bitcoin. When people think before the end of June it will go up, I don't care that because I target at the end of this year bitcoin can rise much higher.
I don't know why people are so worried when bitcoin goes down even though any money market must be volatile, they really want to make money fast I think, huh.

[franky1]

Wait, so miners were dropping out of mining because the price was still the same?
What reason would a miner that miner at 6k to drop out at 6k other than insanity?
And learn how to use a graph, the price plummeted in the second half of November from 6.5 k on the 12 to 4.2 on the 26.
The hash rate dropped from 49exa on the 12 to 42 exa on the 26.
The price stopped bleeding and only went down 10% more while the hashrate drop continuously to lose 25%.
The price showed signs of recovery the hashrate was 2 months late.

Hashrate follows price, stop trying to paint it otherwise.

And do something about that 3+3=4  

stompix miners started dropping hashrate in OCTOBER. get it, OCTOBER OCTOBER.
the reason was NOT the market price. but more efficient ASICS = more profit
the PRICE LATER then shifted down where the PRICE reacted. not the other way round

the HASHRATE and COST went down to $3500+ where the bottomline COST support meant no one would sell for say $3k. as thats a LOSS. no one wants to sell at a loss. so the PRICE didnt go below. (common sense)
but they were willing to sell above $3500 as they can make profit on that. and so they did (common sense)

its clear you dont understand the concept. so either learn, or move on with your life.

but one thing is for sure. i know you are hoping for some big massive guaranteed crystal ball daily PRICE predictor
sorry. but if you think my comments are about PRICE predicting, you have it all wrong.
its about knowing the BOTTOMLINE

if you cant understand or visualise the benefits of knowing the bottomline then learn or move on
anyway. to move on from stompix's interuption
the point is
we have a situation of profitable mining at ~$5000 COST
we have a situation of market price at ~$7800 PRICE

thats $2800 of speculations, volatility zone. the PRICE could go up above $7800 or below $7800 but will stay above the $5k if there was a correction.

this is not much of a big FOMO/MOON moment like 2017-18 $20k of $14k speculation/volatility. but dont expect $7800 as the 'bottom'

[Apes]

Actually I'm in a confusion with the fact that Bitcoin's value will be reduced or increased. Bitcoin was worth 8500 USD a few days ago, which has now fallen to a low of 7800 USD. But many are hopeful that this will increase the price of Bitcoin at the end of June. What's your opinion?

keep calm and patient, stare BTC graph burning red its very different with expectation, it's okay maybe this is part of  pumping cycle that will faced in next few weeks. I am always optimistic that BTC will gain a sweet price ahead.

[luigi3]

I think that there‘s a comeback that will happen just like what happened before,this current price is dropping coz many of us was panicking that it price will be dropping quickly so many of holders or investors was selling their token eagerly,for me make your own research and dont depend on others.

[stompix]

~

stompix miners started dropping hashrate in OCTOBER. get it, OCTOBER OCTOBER.
the reason was NOT the market price. but more efficient ASICS = more profit
the PRICE LATER then shifted down where the PRICE reacted. not the other way round

If you're going to use caps like a mental case consider the discussion closed.

the HASHRATE and COST went down to $3500+ where the bottomline COST support meant no one would sell for say $3k. as thats a LOSS. no one wants to sell at a loss. so the PRICE didnt go below. (common sense)
but they were willing to sell above $3500 as they can make profit on that. and so they did (common sense)

Where do you pull this cost support out of?
Show me the formula you're doing to get this number!
Oh wait...that's a value you spin around to fit your theory but it has no basis.

its clear you dont understand the concept. so either learn, or move on with your life.

but one thing is for sure. i know you are hoping for some big massive guaranteed crystal ball daily PRICE predictor
sorry. but if you think my comments are about PRICE predicting, you have it all wrong.

Lols, are you seriously so much out there?
Franky1 , If I wanted a price prediction why would I argue all day that hash rate is following price, so that only hashrate is predictable and not the price?

Actually, forget it. I'm done!!!!
It's going to be far easier to teach my 4yo about supersymmetry than talking sense into somebody who believes 3+3=4

[franky1]

Where do you pull this cost support out of?
Show me the formula you're doing to get this number!

i said multiple tmes now, its mining cost.. work it out

3+3=4

$3.5k+$3k was $6.5k
i even showed an image that shows the $6.5k

it was you and ONLY YOU that thought at the period of "$3.5k+$3k"  the price was ~$4k
again only YOU suggested the PRICE was ~$4k
so its YOU that got the 3+3=4 math wrong. because YOU suggested 4 as the answer. my math was 3+3.5=6.5

shame you didnt read the posts fully, and shame you didnt remember the parts you wrote yourself

anyway, this discussion about working out the bottomline costs where stompix cant understand is closed. may he move on as it appear he will never get it.

lets just leave it for others to discuss and not let this turn into a deraied social drama distraction like some try to make it when they cant understand things

[valentin68]

This price of  approx 8500 USD/1 bitcoin is the price to produce that 1 Bitcoin (the energy, the computers, the network maintanance, etc).  Because the difficulty of producing the Bitcoin increases with time, the price of the Bitcoin goes up (increases).
This year (2019) will be created approx 300 000 bitcoins.  In 10 years there will be created approx 7 000 bitcoins.
 
Thus in 10 years from now it is very probable that the cost of 1 Bitcoin will be approx 500 000 USD (the market price).
  

[franky1]

it has little to nothing to do with mining and its cost because miners only shape up a very small percentage of the trading market which is where the price is determined. if you disagree with this and think miners shape up most of the trading market then you should admit that when halving happens price should go up at least 500% which is never going to happen.

market PRICES are not based on 17million coins.
market prices are based on small amounts of coins that are rinsed and repeated(day traded)
the VOLUME of say 100k coins may actually only be 10k coins arbitraged 10 times a day.

as for price discovery.
when people want to buy they think about can they get it cheaper else where. and look at mining costs. if they see that they can make ALOT of profit from mining. they try that.
miners do the same. if they see they cannot make profit mining. they stop selling

this creates a support bottomline (note: support bottom line is not the volitile PRICE) its the bottomline where eventually the whole economy has had enough of selling and wont sell for less as they will all lose.

...
the halvening cannot predict or indicate a 500% increase. infact the word halvening means if the COST for mining was $5k today. and hashrate remained the same at the halvening. then with less coins the PRICE would be at break even of $10k. which is 200%.. so not sure where the 500% silly number comes from
thus the PRICE would be $10 PLUS (plus=speculation/homo)

its deflationary halvening which means value has to double to match.. its not called a fifthening

[uneng]

Actually I'm in a confusion with the fact that Bitcoin's value will be reduced or increased. Bitcoin was worth 8500 USD a few days ago, which has now fallen to a low of 7800 USD. But many are hopeful that this will increase the price of Bitcoin at the end of June. What's your opinion?

keep calm and patient, stare BTC graph burning red its very different with expectation, it's okay maybe this is part of  pumping cycle that will faced in next few weeks. I am always optimistic that BTC will gain a sweet price ahead.

The burning red graphic has already gone for now. That correction is over, now we need to check if there will be more one yet or if we are in a new pump already. Btc is in 7760 dollars, I believe it will rise again without issues, the problem is that it's hard to break the 8800 dollars resistence and reach 9000 dollars with strength to stabilize on that level.

[creeps]

Actually I'm in a confusion with the fact that Bitcoin's value will be reduced or increased. Bitcoin was worth 8500 USD a few days ago, which has now fallen to a low of 7800 USD. But many are hopeful that this will increase the price of Bitcoin at the end of June. What's your opinion?

If you look at the price richt now, it is still down but it doesn’t mean it will not pump again, its the end of 2nd quarter and i really see bitcoin to be good again. Despite of this correction, the up trend are still intact and I can see on the chart that aftet this down, bitcoin can go over $9k but there’s no specific day or month for that so remain focus and positive.

[Kasabus]

Actually I'm in a confusion with the fact that Bitcoin's value will be reduced or increased. Bitcoin was worth 8500 USD a few days ago, which has now fallen to a low of 7800 USD. But many are hopeful that this will increase the price of Bitcoin at the end of June. What's your opinion?

It will increase again, some correction needs to happen, but mate, do your own TA as you cannot trust your decision making from people if you are a trader, the market is unpredictable, sometimes our analysis could go wrong, and therefore, we should only rely to ourselves.

[Caladonian]

Actually I'm in a confusion with the fact that Bitcoin's value will be reduced or increased. Bitcoin was worth 8500 USD a few days ago, which has now fallen to a low of 7800 USD. But many are hopeful that this will increase the price of Bitcoin at the end of June. What's your opinion?

It will increase again, some correction needs to happen, but mate, do your own TA as you cannot trust your decision making from people if you are a trader, the market is unpredictable, sometimes our analysis could go wrong, and therefore, we should only rely to ourselves.

Always trust your own understanding, the market is really volatile and sway happens without your knowledge, you can only anticipate and you must read according you your own understanding.

This corrections might go down more before it will increase to another level, learning to analyze and make a good assumptions to your investment.

[pinoyden]

Of course, the price of Bitcoin will grow in late June.

How did you know that ?  Your seem too sure on what your saying. I like the attitude of yours because your not thinking negative thoughts about the status of bitcoin but lets be honest here  we wont know if bitcoin will increase or decrease  , only time will tell   .

Re: What will be the cost of bitcoin?

The cost of bitcoin is now 7865.24 usd but this can change without notice  because bitcoin is not a stable coin  .

[Rooster101]

Nobody can exactly predict what will be price of bitcoin in the coming days but since the top coin is still bullish I expect it grow more after it fell to $7400 the previous days. The bitcoin goes into price consolidation before it resume its upward movement and the top coin should break some resistances like $9k before its momentum pick up again. If you are long time trader, you already know the possible price scenario in the few days by using price action and technical analysis.

[Aldrinx00]

This is normal in cryptocurrency especially with bitcoin, i think the drop is not yet over and we might expect a downward price to $7.2k. Hoping we can reach $9k this June but surely bitcoin will skyrocket in the years to come.

[BeManga]

Actually I'm in a confusion with the fact that Bitcoin's value will be reduced or increased. Bitcoin was worth 8500 USD a few days ago, which has now fallen to a low of 7800 USD. But many are hopeful that this will increase the price of Bitcoin at the end of June. What's your opinion?

IMHO im not really sure if bitcoin price will rise more before end of june
but there a chance that bitcoin price will rise in the next few months because of incoming halving

[Innerpumper]

Actually I'm in a confusion with the fact that Bitcoin's value will be reduced or increased. Bitcoin was worth 8500 USD a few days ago, which has now fallen to a low of 7800 USD. But many are hopeful that this will increase the price of Bitcoin at the end of June. What's your opinion?

If you ask about Bitcoin transaction fee has transaction fee of range 0.001 BTC, but if you ask about Bitcoin price now there in the range of 7k $ to 8k $ still not find Sideway point.