Let's hope that the bottom is in with our current local low of $3,850.... but probably we are less than 50/50 odds with that?
sir, don't get me wrong . But i am new in yours conversation. If the price goes to the bottom, the miners will be in loss and it can be a threat to the bitcoin ecosystem. I may be wrong but let's see what happen next.
Not buying not selling... just HODLing...
That's the best thing for the long-term timeframe. But when you are a leverage/margin trader, it's very painful.
Always , we have to remember that everything is unpredictable in the crypto-currency ecosystem.
If no one buys the price won't rise up.
Don't worry about that because there are so many whales who will definitely try to push the price of bitcoin. As none want to lose their profits making systems.
right - hodl is such fkcud up
only real scale & use can fix bitcoin
- finally:
hodl: no use case
make sure , you make a note of this .Because i am sure , you will definitely say in future that hodl is the best way in this current correction time.
Why don't you fuck off hv? You hate bitcoin anyway
Some altcoin believers think that altcoin will cross bitcoin. But those don't know that most the altcoins depend on bitcoin price movement and price stabilization. That's why those create jokes of bitcoin's price dump to show that altcoin will pump.
1k to 2.5k
I'd buy back from $3k.
Quoted. Easy to say when BTC is above 5k...
using limit order make it happens. So if anyone want to buy in $3k than using limit order & stop-loss for margin trading will be the best way. Also bitcoin cross the 200 Moving average line , so anything can be possible.
Sure, you are correct, Review Master, but miners can work at a loss for extended periods and also they will self-adjust their behavior and difficulty will adjust too... so miner costs and behavior will also adjust to the price.. to some degree..
Thanks for your supportive reply. But it's time to think about the sutiuation after the bitcoin halving. Before halving, it's sure that miner will definitely self-adjust. What will happend in the next , the cost of mining of one bitcoin will be double than now after bitcoin halving events and if the correction still going on & make a new bottom less than $3K . Than definitely , everyone will be worry about this. Also china has the most mining power of bitcoin and COVID-19 virus affect the whole economy as well as every country is lossing the connection to others. So it might be the upcoming worst thing in bitcoin history. So, pray for the affected person of covid-19 virus and hope that the nightmare of new bottom less than $3K never comes out.
At the end , i just want to thank all of those who are positive in this current situation and hodl their precious.
of course there is debate about whether miners follow BTC price or BTC price follows miner costs
yeah, i'm agree with this opinion.
Curious how much of the recent price action has been due to a miner "war" (speculating)? The hash-rate has dropped 45% since the ATH - any thoughts on why?
If we see the history, everytime , there is an downtrend in bitcoin mining. It's also happened in 2018 when bitcoin has the bottom price after the finishing the $19k bull run. It's difficult for the individual miners to continue their mining . But the gaints are trying their best to hold on. After all , most of the miners who are in loss, try to leave the bitcoin mining field and we see, the hashrate downwards in graphs. That's it.
It's simple, the average cost to mine a bitcoin is higher than the current price so miner's with a higher cost shut down.
yeah. It's for those who are mining individually in there own. They are going to shutdown , that's why we also see some up-down in bitcoin price. But all the mining farm or gaints are trying there best to hold their business and continue mining . If the gaints are going to shutdown , then anything can be possible for bitcoin price. So, hope that bitcoin will recover from this price and all the miner will be in profit after the Bitcoin halving.