Big miners put huge money in this business so now they won't allow bitcoin to crash.  They are not interested in low bitcoin because mining would be unprofitable. If you want low prices you can buy altcoins, like litecoin or ripple.

I agree with tuskacz and it is not just because of that.
The payment for the electricity will be getting higher and they would the money to pay for that.
It needs to be valued more so that they can continue on what they are doing.
With low transaction fees it will not be enough also for those bills to be paid.

i need to drop to $50 again so I can buy in big.  This will be a constant 5 year cycle now for whales to 5000x their money.  So dont buy now  let it keep dropping  this will be a 5 year game over and over and only the poor folks who have money at a specific time to invest will also win this lottery so investing now is only slowing down the invitable, the whales will drop to nothing then rebound to 20k then drop to nothing then over and over and over.

You need to put some time to study about blockchain and how it works. If there are no miners, there are no transactions. Ofcourse, if ASICs are out of the picture we could mine using GPUs or even CPUs, but I don't think it will happen.

I don't think the miners are bothered one bit. They will always mine bitcoin to confirm transactions because all that will happen is that mining fees will go up. If you want your transactions to go ahead it means you will need to pay higher fees to the miners. This has always been the case and that's why we have seen very high fees to transfer bitcoin.

For me I keep hold it. bad decision will make useless to our self. We know that the bitcoin price is only temporary, and to none of us also ever repay until in the end.

It is not crashing crashing is when something goes down! Bitsoin is up 40% from october, wall street can not do that
You need to learn to read the charts on the long term

This is the limit. the price is now around the cost of producing it. so if it goes below and stays there for longer, it will be something that noone is going to benefit. If mining stops all system crashs.

They wouldnt let it crash to zero. Before this happen many rich investors will buy all the bitcoins very cheap and hold them when its needed for years to sell it high again. So dont be stupid and sell you coins with loose. Hold them and wait. It will take maybe some months for market to recover, but better to wait then sell with loose.

They are not only manipulating the prices but the news as well. Somehow JP morgan is banning Bitcoin purchases right at the moment when it started to go down in price.
If you add to it some previous facts like:
-JP morgan CEO saying Bitcoin is a bubble
-JP caught trading cryptocurrency
-CEO changing his mind about it and saying he was wrong about it
-His bank banning Bitcoin

You can really see a pattern here. They are obviously trying to lower the price to profit from it.

There are other similarities around the world like Russia banning Bitcoin today, about a year after the first rumors that it could be working on a centralized cryptocurrency.