Since I've started this thread, the price of bitcoin didnt go under 400 as mentioned in the beginning of our discussion here , simply because there is no more "room" under 400$.

How?

Because the difficulty factor and the COST$ for mining one bitcoin in electricity is about 400$ or higher.

I mean all the miners in the world ( and 400$ is an average between theyr electrical costs, some may mine with free electricity , but most would have to cover theyr monthly bills)

therefor there is no incentive for miners to sell below a certain level , this creates a strong wall at a certain value, review what happened when bitcoin crashed all the way from 1200 to 200 , when it met the producing cost the decline STOPPED.(at around 200$),and the difficulty instead of declining it Tanked.

Now with that difficulty more than tripled we shouldve been in the 600$ area but at the same time more COST effective miners roll out bringing the average cost of production lower.

Toughts?