Quote from: deadpoolx on January 07, 2017, 10:01:41 PM

Quote from: Positid on January 07, 2017, 04:46:14 AM

Quote from: pitham1 on January 07, 2017, 04:36:04 AM

Quote from: sportis on January 04, 2017, 02:35:50 PM

The train left and never turning back. There is no way the price to go so deep down. With all of these facts happened worldwide that is the devaluation of yuan in China , the demonetization in India, the hyperinflation in Venezuela and so on I would be very happy to buy if the price goes down to $700.

You might just have an opportunity over the next few weeks. Bitcoin is threatening to break below $800 now.
But the problem is we keep moving our goal posts ever so often. Once it reaches $700, we will wait for it reach $600 before deciding to buy.

Don't expect that low, it will just stay at $800 then will go back at $1000. If you will ask me, just buy now and enjoy later. In the end, it's just an speculation and nobody is right until we see it.

The Bitcoin price is more likely to remain above $ 800. However, in a more complicated scenario, and in a panic-driven market, it would be possible for the price to fall to lower values. I think the minimum would be $ 650, because this is, according to some experts, the price to produce a single Bitcoin. But I don't think miners and speculators in the market would get to that point

The market price has little to nothing to do with the cost of production

And still more so with regard to Bitcoin cost of production. First of all, there is not any definite cost to produce a single Bitcoin given that bitcoins are mined in very different countries involving different equipment. And then the Bitcoin system has been developed in such a way that this cost of production if it could be found would be irrelevant anyway. If Bitcoin price drops below 650 dollars per coin, and miners start massively leaving that will only cause the mining difficulty to decrease. Bitcoins that would otherwise be earned by the now gone miners will be shared between remaining miners, thereby allowing them to preserve their profit margins more or less intact even if the price plunges dramatically