Bitcoin Forum

This is kind of an endless discussion, but i am a bit bored today so....
I would love to invest some more in Bitcoin, but is know the best time? We know that Bitcoin is this big roller coaster that goes up and down all the time. right know it is on a huge up and my question is when can we expect the price to plummet again? I kind of feel like many will sell in Jan 2017 and we see a crash then. But how low will the price go? $600 or even $500? What do you think?

The way the current price is rising today, it's very possible a big price drop will happen soon especially on the chinese market, I would be very careful to go long as of the moment unless there's a really big news that will trigger a bullish trend but I don't think there's any and since US interest rate has just increased a couple of days ago, it might probably cause a downtrend for price of bitcoin. So it's pretty obvious this current bullish trend for bitcoin is just a pump and dump strategy by the whales.

It's hard to predict. I don't think that some big drop is on the horizont maybe some smaller ones that will not affect the price dramaticaly. And it's kind weird that in the period when the price is on the way up for a longer period suddenly all are starting to talk about the big dump that might but also doesn't have to happen. Is this some kind of constant fear? Or is this done on purpose?

If I was you, then I would definitely wait with investing at current prices. Especially since a serious correction is just around the corner and will hit us very soon. It can be just before the end of this year, or just after the start of the new year. Aside from that, there is not much upwards potential right now. The highest I can see the price go right now is $800-$820 where after that a serious correction will definitely pop up. At the time the correction burns through the market, then expect the price to dive below $700 for a short while. I don't expect it to test the $600 level again, but $650 might be a target.

Bitcoin is stable and continue to be stable with the best price. Bitcoin haven't experienced big price falls recently rather than continuous growth. I believe the same continues even in the falling year. If situation goes bad too, the price won't fall beyond $600 as we are close to $800.

No OP sorry!
But youshould give us some reasons why Bitcoin should plummet in your opinion!Based on what?
We grow steadily and healthy this year.We had been in a massively and long bear market and what we see now ist just the correction of that overreaction!
We haven't even started a real bull run!
We may see short correction and pitstop for some more accumulation in the 680-700 range, but I don't think we will go much lower than that.And if we do not see that happen we will continue moving up to 800 or 900 and then correct down to mid 700s again.
 

After the next big spike :)))

And by spike, I mean $10K+

Theres no accurate answer to this and all people will surely speculate regarding into their views on bitcoins price.Actually i do expect on bitcoins price to dip but i dont think that it would go down soo much that we would able to reach again the price on previous months.For now we are seeing on the price of bitcoin is gradually increasing and if this movement will continue we would possible reach 800-900 soon but as you said people will surely sell off their bitcoin for profits.

When the big whales started to sell all thier btc and create a massive drop ,cause thier strategy is sell at high and buy at low price. Very common way on how to make easy profit.

When the price rises abit more and an exchange suddenly gets hacked. Then you can expect a price drop.

since when do you invest in bitcoin when you are bored? lol

anyways, i have been having the same question and was expecting a fall the closer we get to new year because of the cash outs but so far all my expectations were wrong and we see each week price goes higher and higher. i was expecting a drop from 730 to 700-690 ish but price went up to 750 and then same expectation was wrong again and price went to 770 and as i am typing this price is $781 so i guess there is no way we see any kind of drop this year.

Your feeling will never turned out as reality, don't know what makes you think that people will sell their bitcoin holding on Jan next year.
Even if few people dumps their bitcoins on new year price will never touch $600 or may not even $700.

Current price is still below $800 and i think it is good price to buy some before it crosses $800.

It's hard to tell as the current price seems to be a fairly decent price. It's not low, but you can't say it's overbought either. Right now it's basically a 50/50 situation where anything is possible to happen. That being said, with Bitcoin it's mostly like this > When the price seems to go up in a more than decent manner, something happens which will cause the price to go down again. If you focus on that, then we can expect something to happen in a matter of months.

a drop is inevitable, it depends on the circumstances. it's possible there'll be a big spike and it'll overshoot and fall back but it might settle close to where it is now. alternatively it might repeatedly fail to get above where it is now and fall fairly soon.

there's no point asking anyone else about timings. if you're not confident, and no one should be, then buy small amounts spread over time.

I am also thinking of the same thing and if the "BIG DROP" happens foe whatever reason I'm afraid that the panic sellers will be adding to the

dump that can decrease the price of bitcoin. Having a limited supply can be an advantage and a disadvantage at the same time. If 1 million

btc is sold for a week it will definitely affect the market

When there is tremendous gain then it tumbles quite hard.
That's what usually happens. ::)

Once it actually does cross $800 then most people will be singing to the skies.

---> "I sold / am short."

its not easy to predict when will the next big drop in bitcoin because right now its being more stable right now maybe next year it could grow more and reach $1000 per bitcoin. and one more thing maybe the next drop of bitcoin when bitcoin price hit $1000 barrier because many users of bitcoin will cashout their money from their wallet so it would be the reason why bitcoin price will drop.

expect the drop when bitcoin price will hit atleast $1500 bitcoin because theres a lot of rich would encash their money from their wallet because thats a huge money and they would trade it on something else so bitcoin price will drop if 80% of users of bitcoin will pull their money on bitcoin wallet and cash it out on real money.

I think all discussions about such topics are wrost because many times the people made many prediction about the price of Bitcoin to increase/decrease  but only few percent of prediction proved true So it is better to take eye concentration in the Bitcoin daily news that will make help about fall and Down price  probability  of Bitcoin .

We don't really know when it would decrease/increase so you have to be vigilant. What I am doing is exactly what you said, I am reading daily news about bitcoin and always looking its current price so I would be aware of it and know my next steps if I will sell/buy etc.

It will happen when it will happen. If we knew the answer, we wouldn't be telling !

in the past two years there have been at least 1000 topics asking the same question and all their reasons were because they have been waiting to buy bitcoin. and then they keep waiting and price goes up, so they wait some more for a big drop.

in the end they have been waiting for a big drop ever since price was $200

I believe bitcoin prices will fall again because it was reasonable, market prices do not always rise and always above, there must be a time when prices are falling. That being the case we do not know when the price will go down. But if the price had gone down maybe I will not sell my bitcoin and keep hold because the price will definitely be back to normal again a few months, and I would prefer to buy bitcoin. Perhaps it is more profitable to me. Bitcoin prices are now very well and continues to grow, I'm sure if the price drops was not until less than $ 500

In fact, that is hard to tell

And while many folks here tend to think that a major correction is just about to start for the reasons which I fully agree with, I would still be cautious in price forecasts. My point is that we have two main forces struggling against each other, namely, traders waiting for the correction and thus forcing it to happen, on the one side, and fundamental factors such as expanding Bitcoin adoption (e.g. due to deliberate currency devaluations and restrictions set by governments, see India), on the other side. Obviously, fundamentals will prevail in the long run, but what about short term?

Honestly we can not know the real price will be this coming year but i think i feel that the price will still stay at 700 value.. this coming year because many people are saying that more development with bitcoin will happen in 2017 so i think better to buy bitcoins right now and wait for the coming events with bitcoin. if we are fail just hold you bitcoin and do not panic to sell instead better to buy more bitcoins in cheaper price..

I agree when people are saying it is hard to tell, since bitcoin price growth today is not the same way back 2013.  The last ATH were full of manipulation and fake pump, while today it looks like it is moving upward in a natural way. 

But as far as I know, $1000 is a figure most people are waiting to sell their coins.  So probably when bitcoin reach $1000 USD there will be a massive selling of bitcoins, but it does not guarantee a massive drop.  Unless there is a major event that will cause even whales to sell their bitcoin, then that probably the one you are waiting for and expect BTC to drop even below $300.

If analysis of history serves any good, we should expect that the next big drop will correct around 60-80% of the previous upward movement. Probably, the correction will be a little less severe than the previous ones, because Bitcoin market cap and user base has grown significantly since then.

The next big drop will be after the next big bubble of course. :D That bubble is forming right now. If I had to guess, I'd predict the bubble will need at least 6 months to reach its climax.

I do not expect bitcoin prices will drop, but if it will happen, I think it would be very long. bitcoin price reduction will only occur if bitcoin is not used anymore, or going on the issue saying that bitcoin will soon be banned by world governments. it could make bitcoin prices declined, and I'm sure it will not happen.

I think the fall may happen in every single moment. Nobody knows when exactly when. But I think it's more possible to happen after one moe hacking of some exchanger. We all know that exchangers are not save and it's not wise to hold all your bitcoins there as in a wallet. So I think after next hacking bitcoin can fall back to 500-600$ again.

expect the next big drop of bitcoin when it reach the $1000 barrier because I know there's a lot of users that will cash out their bitcoin because they reach their target so if it reach $1000 barrier per bitcoin it will drop down I think that will be a big drop down because almost half of the user will gonna cash it out because that's a huge money compare to the last year price of bitcoin

Yeah I'm agree that many users are waiting for the price if 1000$ per 1 BTC to cash out. I'm one of them and I don't wish to skip such a good chance. And logically it will follow the drop of bitcoin's price. But I doubt that in this case it will fall to 500-600$ maybe it will drop to 800$ but not lower.

It's anyone's guess.  People will give their opinions, but there's no certainty in any of them.  The good thing is that the rise we've had recently has been sort of slow compared to 2013.  Everyone was euphoric back then because bitcoin got up to $1200, but it did so way too fast.  What we have now seems to be a bit more sustainable, but even that isn't a certainty.

So as to your question of whether now is a good time to buy...sure, why not?

It is a question have been looking for a thread to address, when to expect and how to handle the fall in price? sure it will fall but when and to what extent, I dont know. Maybe not this year because all factors look beyond now. Maybe next year,however I have expected the fall before this time. Considering the fall in the early part of the year doesn't look to speak to replicate the 2016. By the end of this year at $800 for bitcoin it had double what it was last year,so no one can tell when

in Christmas and new year bitcoin can down trend
bitcoin price can down, because much people selling altcoin , selling bitcoin to fiat money
but i think can't reach to 600 or 500 dollar, only bitcoin price 700 dollar
can't below 700 dollar

only big crash , big news accident can bitcoin price down under 500 dollar

why do you call this a bubble?
a bubble by definition is escalation of asset prices above the fundamental value by a large margin.
in case of bitcoin the price is moving (crawling) up very slowly, and that is the speed part. as for the value, i'd say bitcoin is still undervalued and it only gains more value over time.

It just depends on the moods of the large players. If they are willing to push the price further than just reaching the $1000 level, then we can expect them to support the price all the way to flat $900's as that will give people a space of around $100 to cash out and dump their coins. If they don't want to support the price, which would cost them a decent amount of buying power, then we shouldn't be surprised to fall back to $800 prices, and perhaps back to $700 prices. Don't forget that for us small traders it's easy to dump like 10% at once without it doing any harm to the markets. But when large players sell thousands of coins at once, it leaves a serious scar on the market. But then again, this is just wild speculation...

If it does happen that these big players dump their loads of bitcoins then let's all be ready to sell too. Then when it drops at around $600 - $700, we should sell everything and buy bitcoins. For sure, that will make it shoot up again back to where it dropped from. That would make us profit too, if the prices does drop so much from where it is.

If the price really drops to $600 and you sell everything what will you invest on to save the value or even make profit

Seeing the price of $600 wont be big deal if the selling pressure arrives but i dont think that we will see this price so soon next year after feb only we can see it as mostly it happens due to China going to Christmas so that time the market can crash as it happens also in the Equity market also

If you think that when the price drops to around $600 and you can safely buy it there to sell at where it is now, then more power to you. Personally, I'm more inclined to think that if price starts to crash that low, there should be very serious reasons for that, and catching falling knives may not be the very best idea in this case. In short, you'd better not mess with the whales...

Just go with the trend, and you will be proved right more often than wrong


China going to Christmas? What did I miss exactly?

if you buy in end year your must short time trade, buy and profit sell again
because ussualy in end year until early year bitcoin price down trend

try mange your money and increase it in a website

Bitcoin usually experiences significant price drops in the first quarter of the year so if you are waiting to buy, wait till Jan-Apr 2017.

we can not predict when will the price drops again and what will be the possible price, if we will look at the current price of bitcoin we can say that it is impossible for the bitcoins' price to drop . let's just hope that many people will keep on investing with bitcoin and those whales will never dump bitcoin at the beginning of the year .

stop expecting "big" drops, they will never happen.

and instead what happens is you waiting a long wait while wasting good opportunities to buy bitcoin while it is still cheap.

I don't expect a huge drop... a small drop might happen. Why do you even expect a huge drop, you can buy at this price and still earn money when it goes higher.. sell before a small drop and buy again ?

I dont understand why people kept hoping for a huge drop. It does no good. If you want to earn more, buy now and wait till it goes higher. Be positive guys....

Well I guess many here were wrong.

no, this is an old post, many were right cuz it went up $1k on January...

Don't bring up with current situation.

Well its right now already dropping to a low amount compared with what it was but it will change soon or later and go up again, the market is existing of risings and crashes.

But this time it wont drop much. Times have changed now and Bitcoin has been becoming a major currency of the world day by day, month by month. So dont expect much decrease in price this year.

Bitcoin as a whole may have grown in recent years, but the level of manipulation is still the same. Just look at how easy the price went up to $1100 where the smarter people here were expecting a massive dump to happen, while all the noobs here though the price would go up even further. You know why the smarter people here have been expecting a massive dump? Because it's no coincidence anymore that everytime the price goes up quite a bit, something pops up causing the price to tank again. It's manipulation from the highest levels. It's so obvious, that if you play it right as a trader, that you can gain massive profits in a very short time. That's the difference here. ;)

In fact, the smarter people here (at least, so they were presenting themselves) had been expecting the dump at first at around 800 dollars per coin when Bitcoin just started to climb, then it was 900 when Bitcoin didn't even stop at 800 (though they were less vocal after it hadn't crashed), which later became 1,000 dollars. Some even tried to outsmart the market by going short at that price tag only to lose massive amounts of money at the end of the day. Or were they really noobs, all these guys expecting a dump at every round number?

Or, rather, not particularly different from the noobs you refer to

It's hard to guess on another drop after the correction we just had. I would not be surprised if the price dropped some more but it could hold here for a while as well.

I thought the price could hit something like $400 but then I found out some more information and now I think that bitcoin won't cost less than $650. But not is not a good time to buy btc anyway, because the price is like $820. You have to wait carefully for another two weeks and if the price starts growing - do your investments in two days or so. If the price is stable then you can wait more. If it starts dropping then wait till it starts growing again. Good luck!

It's holding better than I though, when it broke the 780s I got to think it was going under 700s but it didn't

i think the next drop will be happen if the bitcoin increase over than $1300 but the price will need to be increase first. we need to wait a little longer to see and expecting the increase of the price. i think $8xx is a good idea to make a stock so we won't missed to sold when the price is increase.

Yeah that is where the trading skills come into play. Only the experience traders know when to buy and when to sell at the best possible price.
Also as many people china being indirectly affecting the bitcoin price and gaining the highest possible profit in terms of trading at the moment.

Me too, honestly I didn't expect it to rebound back past $800 so fast. I getting my funds ready for a buy-back into the market again.

It is because nothing groundbreaking really happened. Dump was caused by FUD that China will ban bitcoin completely and maybe even confiscate BTC being kept by exchanges
As always bad news travel fast and hit hard, when traders noticed that they decided to hold their positions.

Down trend of the bitcoin price every year seems the same. People always sell out in January after significant increases and the price will rises again in the mid year.
The current price more likely won't fall less than $600 as the rest bitcoiners always holding.
Such as recent price drop back at $720, I don't know if it was drop more than that.
Bigger market cap will prevent decline further.

I must admit that I was one of these people expecting a correction to happen at $800-$900-$1000. Why? It would make sense since the price was going up way too fast. In that regard, people expecting a drop to happen at $800-$900-$1000 were wrong as the price peaked at over $1100. That's why it's always a smart thing to secure profits in small steps (5% per time in my case). That's exactly what I did. 5% at $800, then 5% at $900, and then 5% at $1000, and then 5% at $1100, which resulted in me almost cashing out at the top. Finally after going above the $1100 level, the price started to correct. So, even though my predictions turned out to be wrong several times, I managed to sell on the way up pretty well.

The one who is waiting for some dump to buy cheap bitcoin than i think current price below 900 usd is very good price to buy at.  ;D
You can consider this dump as last dump which had pushed price below 1k we may not see price below 1k usd in 2017 again if next pump push price to over $1k

Its already proven that the price will no going below $720 people don't let the price going back to $600 value since mining will not profitable anymore..
And i think those traders are always buying more bitcoins if they seen that the price is low.. and i think there is a group that they are just doing balance for the price now we are stay long at $800 value just hoping that more price will come this coming vacation..

That's quite good to experience a big price drop by the falling months. But now price won't go high towards $1000 or above. This time I expect the price movement to take place in a gradual manner which won't give us steep dumps. Pump in price is expected within two days based upon the inauguration speech of Trump.

Personally, I had some coins left since I was prepared that the price might potentially shoot higher, though I must admit it too that I started to feel a bit nervous seeing how my Bitcoin stash had been quickly diminishing. But unlike you and other guys who were expecting correction at these levels, I didn't feel anything such (I mean a gut feeling that it's the right time for a correction to begin). How come? Because I've been there and seen that many times to discard such expectations and feelings altogether. Whether the price starts to rapidly grow or it departs on a fast spiral-down, you will be almost always proven wrong at your prediction of where it will top or bottom...

This is the way the market takes the money from the ones who think they are smarter than the market itself and know better

I am not a trader and i do not have many Bitcoins. As i posted this the price was around $777 and i expected it to go up higher, but the $1100 still surprised me a bit. The rise seemed to be without technical or news related reason and so constantly and high that a correction was to be expected imho. I expected the drop for the 2nd or 3rd week of the year. Well in the meantime a drop happened and another one might happen soon or it might go the other way. We had some Bitcoin news and i find it much harder to "guess" in which direction we will move one from this.   

At least they have confident in their decision not all the sheep that sells out during the fall of Bitcoin price these past days.  The market is proven that every steep incline in price follows a certain fallback.  Some consider it a correction which is probably true because the market cannot sustain that price for a long time.  So when the next time we see Bitcoin surging up too fast, we might see a great fall in price next and that would be the best time to buy BTC.

They are not confident, they are delusional (most of the time)

And trading is probably the best yardstick to measure the true level of competence and expertise versus arrogance and egotism of anyone. The market is merciless, and it doesn't give a fuck about how good you may think of yourself and how high you may praise your intelligence. You can meet such people on the streets, you can meet them even here (I know a few such types myself), but you will never meet good traders among them. Simply because the market punishes these presumptuous dudes most severely, far more brutally than the panic selling sheep

As I understood the drop or rise can happen in any moment without some big reason for that. Bitcoin crossed 1000$ per coin on new year for couple hours and dropped under 800$ after couple of days after that. I really don't know what to expect from bitcoin.

If you expect the next big drop, then why people are still positive with bitcoin investment? We cannot expect any situation that may happen with the economy of digital currency, because it can't be predicted and actually bitcoin is really a fluctuated type of currency; no stable price in the cryto currency market. Maybe there might drop will happen but not that big, it only happens in a few days but all the way long price will climp up higher again.

I should probably close this one, as this was not meant as general discussion, but more specific to the event of last month.
In general you can say, that no one can predict the price of Bitcoin. Some people will see a trend and fell it is overprice and expect an correction, some will argue it is not possible.