What the fuck is this? Mijn website:
http://www.bitcoinupdate.nl/home/bitcoin 3200-euro
is it possible for bitcoin price to trade below 400:
strong yes - 28 (25%)
strong no - 10 (8.9%)
yes. - 29 (25.9%)
no. - 14 (12.5%)
idk but i cut my looses! - 1 (0.9%)
IDK, but I say HODL! - 30 (26.8%)
Total Voters: 112
Not many times I've seen poll results accepting a downfall..! almost 67% of feels that btc might trade below 400. Wait and watch if that happens.
Usually the opposite happens.
Markets often move in the opposite direction of what most market participants expect.
Is it
possible for bitcoin price to trade below 400?
Why it should not be possible? 0,10$ is possible same as 100,000$ is possible. Stupid poll, or is it that I understand it wrong?
Below 400$ is possible maybe 390$, but it will go up again. And it's maybe few hours or day that it will stand on 390$. But in the future the price will increase after the good news on the end of the year, when Coin go to Nasdaq.
Is it possible for bitcoin price to trade below 400?
It's obviously possible to trade as low as BTC production price is reached, currently well below US$300. Nobody will sell them bellow what it costs to mine them. Except that limit, everything else depends on the demand. If we hit that price watch for datacenter movement to locations with extremely cool climate and dirt cheap electricity.
Miners will sell at whatever price they can get, if they have bills to pay. A small loss is better than a big loss, and a big loss is better than a huge loss. If prices drop below production costs, miners will shut down and the hashrate will decrease until production costs get low enough.
That's true! But you think the Bitcoin price will stay below 300$ or 250$ for one month. Even when that happens it will increase again. I keep them in my pocket, because there is a lot of votality on the price on this moment. And everybody is waiting for Nasdaq.