Bitcoin price speculation and analysis Thread

[pawel7777]

No offense here, but I am really forced to ask or want to know if we really need a thread like this on this board when we already have a cryptocurrency price speculation board HERE?
(...)

You're probably right, but since the thread is getting traction and since mods allow it to be, I don't see a big problem. It still relates to Bitcoin, so having this topic on Bitcoin subforum does not sound like much of a departure from forum rules etc.

Does anybody know at what level Bitcon's price should be for the mining to be profitable (assuming fees on a "normal" level and with the current difficulty)?
Sometimes we see people throwing that number around, but can't find it, and calculating this myself could be a bit of a pain.

[LogitechMouse]

~
Currently, with BTC trading sideways, it is very difficult to make reliable predictions. The only thing I can be confident of at the moment is that BTC will not create a new bottom lower than $15K and we will soon have a new ATH in 2024, followed by $100K and $150K.

The last time that we saw Bitcoin at the $20,000 price level will be the final time that we will be seeing Bitcoin at that price. It happened 2 years ago, and even though we enter the bear market 2 years from now, I don't think that it will go below that price.
I WILL CUT MY BALLS IF BITCOIN REACHES THAT PRICE AGAIN!!!

Of course, I was just kidding on that final sentence that I said, but in reality, I don't think that it will reach that price ever again even we enter the bear market 2 years from now. Anyway, Bitcoin this week has been moving sideways like you said at around the $63,000-$67,000 price level. It's hard to predict what can happen in the short term, but we know that in the long term, Bitcoin's price will just skyrocket, right?

Anyway, no stress on my part because I'm not trading, but just holding. Lesser stress, happy life.

[dwyane36]

Does anybody know at what level Bitcon's price should be for the mining to be profitable (assuming fees on a "normal" level and with the current difficulty)?
Sometimes we see people throwing that number around, but can't find it, and calculating this myself could be a bit of a pain.

There are many factors that can affect the cost of mining, including the country in which the miner's equipment is located. The latest I heard is that the average cost of mining one Bitcoin can reach ~$53k, including the fact that the average cost of electricity needed to mine one Bitcoin can reach ~$35k.

[pacar_tiri]

Does anybody know at what level Bitcon's price should be for the mining to be profitable (assuming fees on a "normal" level and with the current difficulty)?
Sometimes we see people throwing that number around, but can't find it, and calculating this myself could be a bit of a pain.

There are many factors that can affect the cost of mining, including the country in which the miner's equipment is located. The latest I heard is that the average cost of mining one Bitcoin can reach ~$53k, including the fact that the average cost of electricity needed to mine one Bitcoin can reach ~$35k.

This is quite a high electricity cost, and you still don't think about the costs for machine maintenance and also the cost of air conditioning which is used to cool bitcoin mining machines so that they don't break down quickly and remain safe for quite a long time.

[Primo1760]

Thanks for the encouragement. I will try and post it in the chat section to get it public. The market is moving like I anticipated for now but most times after the recovery it falls lower than the previous. We can see below $50K sooner or later.

We may not see the Bitcoin market at $50,000. Focusing on the current market, it can be seen that Bitcoin is fluctuating between $60,000 and $63,000. Right now the way Bitcoin is going up and down is very difficult to make an accurate prediction because it is impossible to say whether the market will go up or down. However, given the market's position and the upcoming bull market, I would expect Bitcoin to go higher from here. And if there is more dumping and any bad news in the market then Bitcoin may fall below $50k. But if there is a situation to invest not end here, invest now or a little later, the market will definitely create a good position.

[pacar_tiri]

Thanks for the encouragement. I will try and post it in the chat section to get it public. The market is moving like I anticipated for now but most times after the recovery it falls lower than the previous. We can see below $50K sooner or later.

We may not see the Bitcoin market at $50,000. Focusing on the current market, it can be seen that Bitcoin is fluctuating between $60,000 and $63,000. Right now the way Bitcoin is going up and down is very difficult to make an accurate prediction because it is impossible to say whether the market will go up or down. However, given the market's position and the upcoming bull market, I would expect Bitcoin to go higher from here. And if there is more dumping and any bad news in the market then Bitcoin may fall below $50k. But if there is a situation to invest not end here, invest now or a little later, the market will definitely create a good position.

As you have said, bitcoin price movements will indeed move around the price you mentioned, conditions like this are called stagnant, the market tends to increase prices or can also decrease prices, depending on where the whales want to move the price of bitcoin. As long as we can still hold bitcoin for a long time, we will still make a profit.

[Agbe]

The forum is too big to accommodate.all the speculation threads in one topic instead you would have requested to create speculation board so that other prediction and speculations can fall under that board. If this thread is the one that will stand to predict every prediction discussion then spamming must take and will turn to "World observer" therefore the best way to spread topics let the admin crwate a Speculation Board so that anyone who wants to create topic can create their own topica and those who want to make comments here can do that. That is my suggestion.

[Primo1760]

Thanks for the encouragement. I will try and post it in the chat section to get it public. The market is moving like I anticipated for now but most times after the recovery it falls lower than the previous. We can see below $50K sooner or later.

We may not see the Bitcoin market at $50,000. Focusing on the current market, it can be seen that Bitcoin is fluctuating between $60,000 and $63,000. Right now the way Bitcoin is going up and down is very difficult to make an accurate prediction because it is impossible to say whether the market will go up or down. However, given the market's position and the upcoming bull market, I would expect Bitcoin to go higher from here. And if there is more dumping and any bad news in the market then Bitcoin may fall below $50k. But if there is a situation to invest not end here, invest now or a little later, the market will definitely create a good position.

As you have said, bitcoin price movements will indeed move around the price you mentioned, conditions like this are called stagnant, the market tends to increase prices or can also decrease prices, depending on where the whales want to move the price of bitcoin. As long as we can still hold bitcoin for a long time, we will still make a profit.

Perhaps, let's look at the market and see that the Bitcoin market is fluctuating between $60,000 and $66,000. But right now, it is difficult to predict which direction the market will go. Yes we are still in profit and have the potential to make profit. But if the market moves higher and stays within $100k then of course we can make more profit but we have to aim for long term investment. If we can make long-term investment, we can definitely get more profit from here. I am still very successful in my investment. I am very satisfied with my success but I will invest for a longer period of time so I hope to achieve more success in my investment.

[LUCKMCFLY]

Thanks for the encouragement. I will try and post it in the chat section to get it public. The market is moving like I anticipated for now but most times after the recovery it falls lower than the previous. We can see below $50K sooner or later.

We may not see the Bitcoin market at $50,000. Focusing on the current market, it can be seen that Bitcoin is fluctuating between $60,000 and $63,000. Right now the way Bitcoin is going up and down is very difficult to make an accurate prediction because it is impossible to say whether the market will go up or down. However, given the market's position and the upcoming bull market, I would expect Bitcoin to go higher from here. And if there is more dumping and any bad news in the market then Bitcoin may fall below $50k. But if there is a situation to invest not end here, invest now or a little later, the market will definitely create a good position.

As you have said, bitcoin price movements will indeed move around the price you mentioned, conditions like this are called stagnant, the market tends to increase prices or can also decrease prices, depending on where the whales want to move the price of bitcoin. As long as we can still hold bitcoin for a long time, we will still make a profit.

Well for now Bitcoin has a very bad behavior and that is vbune, it has been growing integrally, I don't think there is going to be Another very rapid fall, I have observed the Volume and well you can say that it is very consistent with the price, seeing The candles in 7D can be seen as bearish and with high voltage, with a strong volume and the price that is manifested is good , it means that if the bears are careless, it may be that there is a little bit up and that can push the price to be much higher, it could be about $70k, which is not bad at all, for what I am seeing it is likely , what could be Preventing it ? I don't know, maybe war movie speculation , something like that.

[JoyMarsha]

~
Currently, with BTC trading sideways, it is very difficult to make reliable predictions. The only thing I can be confident of at the moment is that BTC will not create a new bottom lower than $15K and we will soon have a new ATH in 2024, followed by $100K and $150K.

The last time that we saw Bitcoin at the $20,000 price level will be the final time that we will be seeing Bitcoin at that price. It happened 2 years ago, and even though we enter the bear market 2 years from now, I don't think that it will go below that price.
I WILL CUT MY BALLS IF BITCOIN REACHES THAT PRICE AGAIN!!!

Of course, I was just kidding on that final sentence that I said, but in reality, I don't think that it will reach that price ever again even we enter the bear market 2 years from now. Anyway, Bitcoin this week has been moving sideways like you said at around the $63,000-$67,000 price level. It's hard to predict what can happen in the short term, but we know that in the long term, Bitcoin's price will just skyrocket, right?

Anyway, no stress on my part because I'm not trading, but just holding. Lesser stress, happy life.

Keep hodling and never sell till your dream price is reached. That should be everyone's focus at this time the bull run is kicking up to boom in price because after the bull run, what follows next in two years from now will be a bearish market that can hit bitcoin to below $20k or above. However, whatever price bitcoin falls to as of then will be at an advantage to buy bitcoin at a low price and hodl it till the bull run.

[Jamal Aezaz]

Keep hodling and never sell till your dream price is reached. That should be everyone's focus at this time the bull run is kicking up to boom in price because after the bull run, what follows next in two years from now will be a bearish market that can hit bitcoin to below $20k or above. However, whatever price bitcoin falls to as of then will be at an advantage to buy bitcoin at a low price and hodl it till the bull run.

Selling prices should be chosen first because many people make the mistake by holding longer without choosing any selling price so most of the time they never realize the ending point of the huge price and the price suddenly goes down so they cannot get their dreamed profit.

Bull run is here and the price of each coin is recovering back therefore don't miss this chance as once you ignore this critical situation then you will have to bear the dip in the market for two to three years as Bitcoin touches the new ATH after every four years.

[bitterguy28]

Does anybody know at what level Bitcon's price should be for the mining to be profitable (assuming fees on a "normal" level and with the current difficulty)?
Sometimes we see people throwing that number around, but can't find it, and calculating this myself could be a bit of a pain.

There are many factors that can affect the cost of mining, including the country in which the miner's equipment is located. The latest I heard is that the average cost of mining one Bitcoin can reach ~$53k, including the fact that the average cost of electricity needed to mine one Bitcoin can reach ~$35k.

where did you get that statistics ? if it can costs 53k then so  if bitcoin hit 100k then that will be doubled of the capital meaning its Ok to invest  in mining if that is the case so we might be getting better result .