Re: July 20, 2016, the block halving date, what will the price be?

I'm predicting 380 at the day of halving after a few day run up from the high 200-low 300 range.
In the days after we risk falling down to around 120 because of all the disappointment and panic caused by that.
Price should have doubled too! Angry! Sell! Stoopid bitcoonz

If the price reduce on the block halving miners will not be able to pay the bills and most of them will turn off their machines.

Yep, causing a slow collapse of the entire network...
Confirmations will take forever and the network security will plummet. People will lose trust in the system and sell even more, and the spiral continues down.

Yeah it will cause the entire bitcoin network to collapse if the miners quit when the difficulty is high.

I'm pretty sure people don't just turn off their equipment the exact moment the profits pity becomes 0. Many know that bitcoin is volital and will mine at a lose expecting a price rebound.

Even if half of all miners turned off at the same time it would make little difference, and a huge number of people would pool gpus if it actually became a problem for more than a hour or 2.