Quote from: tycsols on June 12, 2018, 08:06:46 PM

I think it is highly unlikely, the price you have quoted is unrealistic, bitcoin mining is also a major factor to calculate bitcoin's value, at the moment with the difficulty and other factors the cost to mine 0ne bitcoin is around $5500 which will increase as the difficulty increases, so i think the value of bitcoin can not fall below this mark otherwise mining operations can get suspended globally and this can cause major business suspension.

I am with you 100%, miners won't profit, so the real workers and "creators" of btc supply can afford a price below, they need to see their work is worth or else sleeping time for bitcoin, no one wants that, still people just want to buy the cheapest they can because the missed the boat but this low won't hodl too long imo.