Bitcoin Forum

buyers will come in at 1100-1200 on next dip.  you will never again get the chance to buy a bitcoin for under 1k.

It could be assuming Bitcoin will live forever.

I have a hypothetical situation for you. What if Bitfinex came out to be like MtGox or Cryptsy with the owner running away with all their customer's Bitcoins, would the price crash take it to $500?

i don't know why you are super insistent on bitfinex being gox these days, i think your last 200 or so comments were about Bitfinex and them turning into Gox! maybe you want a dip to buy back?

in any case worse case scenario is that SEC will reject ETF once again, price tanks like before.
then right as it is finding new floor (possible around $1200) bitfinex becomes insolvent and stops working, nobody has any money or coin there anymore since they all cashed out but the news starts hitting the market hard and price tanks again possible to $1000.
then as a final blow BU starts FUDing again and price tanks again like before this time down to $920 and momentarily testing the $8xx waters.

with this 3 major FUD coming after each other in a very hypothetical and impossible worse case scenario would be $890. ;)

and as i said before in answer to you and you forgot i repeat once again that MtGox had >75% of market volume and bitfinex has 9% in normal circumstances.

Finex? They have a tiny 8 % market share, whereas Gox at its time was THE one and only. Really nothing to shit your pants for.

canceled ETF? Nope, will not bring the price down. maybe by 10 bucks for half an hour. We just had the whole drama in march because back then there was a fair chance that SEC would approve. Nobody knew the outcome! By now, nobody will be surprised by a refusal, nobody is betting on long just because of ETF anymore.

BU? they already had their drama too and it has been priced in already. Its pretty clear by now that BU can not get majority on bitcoin, just like segwit, no way.
The treshhold is 90 % ! How do you achieve 90 % approval in a public voting.

Me too strongly believe in this, because to gain stabilty large scale user adoption is required. Right now from the starting of the year the adoption is quiet good and has profited with the price increase even when the sudden dip towards $900 took place at some point.

Never say never. It's Bitcoin that we're talking about after all. But the chances of going back to sub $1000 levels are slimming down more and more. It won't take long before we see a correction take place - it simply can't go up endlessly. My prediction when things cool down is that we'll more or less settle around the $1200 level for a while. Imagine how people must feel that have liquidated their coins around $1000 as they were afraid of a potential hard fork. ;D

Yes, count yourself extremely lucky if you managed to buy for just $1000.

the thing is, each time we see a dip and price goes down for any reason, usually FUD, the bottom comes higher. we are at 14 fucking hundred dollars range and heading towards 1500! the dip won't be big enough to go to many people's dream price.

Yeah just like we'll never going to hear about BU and Jihan Wu possibly coming out as Satoshi :D :D then many people might even kill themselves for being so stupid let alone dumping to sub $800.

I don't understand why people are so relax and confident and market is not in panic mode thus sharp fluctuations?

BU could attack us at any given time, who knows how many offline but ready to turn on and mine farms they have up their sleeves?

If I ever hear the news that Wu and lord of the BU will going to be hanged by their small and tiny balls only then I could relax and sit back.

You guys are holding your heads under the sands and or*asm with just talking about $200/ $300 price increases while I'm in constant stress about the code and the state of the network as a whole.

I'm yet to be convinced and I'm yet to be convinced by this rise in general. If it had occurred when everything was normal I'd be far more content.


They may be greedy but they're not stupid.

Never is a strong word, unlikely is a little healthier.

I know right we can have bitcoin that's under 1000 price because bitcoin is stuck on $1000 above that's why this year is the best year of all times because we all withness the big pump up to $1400+ and still continuing playing around $1400 but that's not good for the people in the market because they can't buy bitcoin in under $1000

I think so. If the price goes to $2000, it is qute difficult to go below $1000 again.

Damn i wish that was real. I would buy every piece i can get my hands on if it ever goes back to 500$ again. But Finex's situation is not like Gox it seems. Because they still let btc withdrawals.

Finex's worst case scenario is, people will withdraw everything they got there and finex will run out of bitcoins and collapse without harming anybody else.

To able to see 500$ again, finex should be running a major scam like Gox did.

We should be good as long as we don't see two Bitcoin forks but seems plausible now.
Crash pending 40% or Greater would fit in the great bitcoin crash list percentage wise though.

we have said goodbyte to 3 digits a long time ago, the dip doesn't count in my opinion because it was very short lived and it was the last bullet the FUDsters had to spend to push it that low.
it will be some time before we can see another FUD that big.

Exactly, never say never.
And in Bitcoin market everything is possible. Saying that price will never ever fall under 1000$ once it reaches 2000$ is unreasonable. Don't you people remeber that price was less then 200$ and it reached 1200$ before that? Don't predict the price and the movement just based upon the situation based in the last couple months or one year, it's deeper than that.

Ya think??

Obviously nothing is certain in the markets.

When I say "never", its a speculation, subject to being wrong. 

Two Bitcoin forks? In worst case there will be just one fork, and that's really it. Other than that, regardless of the term 'never' being nothing more than relative, at some point it will become reality.

If you look at how the demand for Bitcoin is increasing, then after a year or two we'll look at sub $1000 prices exactly like how we look at sub $300 prices right now. Keep hodling!

Nothing is predictable in bitcoin world...

Actually, anything can happen in bitcoin fluctuations, if the conditions are bad it will lead to price drop. But seeing bitcoin prices now at $ 1,440 and going up I think it will not be under $ 1,000 again. Especially if the bitcoin price can reach above $ 2,000, it will make the price will not be under $ 1,000. Because as far as I know in the past years bitcoin prices have never dropped as much as $ 700.

Yeah probably
Unless something terrible happens I don't see how the price could lose 500$
I'm pretty happy I bought my btc when they were worth 650$ ^^
I can just imagine how those who held their funds since the 5$ must feel...

Maybe I want be super safe and we should be careful because many Bitcoiners said MtGox was super solvent before the Goxxing.

I do not wish for the price to crash but I have to admit a dip would be a welcome opportunity to buy more.


That is good to know. I would like to point out my post for fyookball was hypothetical and only to pick his brain.

Hahaha I'm going to use that in the future.

I think we'll have some huge exchange hack or they just screw up and go bankrupt or something huge and we'll dip maybe just into 900s for a week. Other than something major like that happening I don't see us ever going sub $1000 again.

Never say never, the situation in bitfinex does not show signs of improvement and if it happens the worst we may see very low prices, prices that we though we were not going to see again probably in the 400 to 600 range, I think we will eventually recover but bitcoin does not grow like that.

Its difficult to say that when the price of bitcoins will be stop too,now you might have seen that the price of bitcoins is going down and i am predicting that the price of bitcoins would be upto 1250$ in the drop down ,even if the price of bitcoins goes down to less than 1000$,there will be a huge buying in the market.

Even if the Bitfinex comes out just like Mtgox the possibility of the price to go down sub $1000 is really low,because there are more investors in bitcoin and so hypothetically the price wont come down just like that and the only situation will be when a major investor dumps millions of his coins ,other than that it is safe to assume it wont go below $1000.

There was a dump?
I didn't even see it from the 1440$ price that I stand on  8)

At any time, it will dive below $1000 mark. Traders will dump when the time is right and take profits. Be smart and take profits when you can, whenever you can.

You shorted to early?
Such a pitty.

However there were people who kept going around the forum saying that Bitcoin would not fall below $500 after the Goxxing. The more we assume the situation will be different the more it will stay the same.

I still think there is a chance that we dip back to those prices but it small. Right now I think the price increase was due to a lot of factors and the increase is really rapid. I think there will be another correction by $1,600 probably down to $1,300 then will climb back up again like what happened in recent months.

forks, finex, alts any of these could

btc can go below 1K easily. now below 100$ ? no, unless an alt takes over which eth may at this rate.

I think we will see 100K before we see 100$ though

Prediction with price is really not that effective, how hard you make it through long research or analysis. The price moves without any kind of signals. Even the next minute the price might fall sub $1000, we can just hope and speculate that it won't go if nothing worse happens.

funny thing is that already happened, remember the hacker that hacked bitfinex(120k bitcoin stolen), and guess what? nothing really big arise, the value was there holding strong(at $500+), and now the value is even more rock soid

therefore soemthing like that will never put any dent to bitcoin, this increase is due to japan that have accepted massively bitcoin and are using it like a currency

and this with only one country, now think even for a moment if every other country will do the same, the bar minimum value would be 100k not 1k


no dude simply impossible bitfinex doun't count shit anymore, the value will not tank that low, bitfinex is a shitty exchange that was compromised already, and the deposit are locked

who have their money there already sold and withdrew their amount if possible

Personally, I don't think it will go to sub $1000 again if ever their is a panic selling. I guess I'm wrong when I said that this is a bubble. I stand corrected. This is a slow rise of prices not a big jump so this is not a bubble indeed. So if ever there is a panic selling, I think it will go to as low as $1100 but not below $1000. IMHO.

ETH taking over and sitting on the throne as the cryptocurrency king? You must be joking. If you said Litecoin I could find some reasons to agree with you. Ethereum is still very experimental and untested.

well ETH is 1/3 the way there now.....btc dominance has been dropping all the time....the trend seems to be that way....

IF btc got its dev act together then I would be inclined to say BTC all the way.

as someone who puts "crypto specialist" in his signature you should already know that price rising of an altcoin doesn't mean they are suddenly good and can take over bitcoin.
also again you should very well know that marketcap of an altcoin that has more than 90 million coins available (well being available to public is open for debate) will go stupidly high when its price is pumped.
and i have already explained how bitcoin is the only cryptocurrency and what its dominance really means (https://bitcointalk.org/index.php?topic=1895526.msg18819433#msg18819433)

At this point sub $1000 is totally possible that is only 40% decrease, can happen even in one day.
But if we will see a $5000 BTC  then i dont think it will be ever possible.

Just my line of thoughts as well.

$5000 is totally of of the picture for at least next 2 years IMO. I expect that bitcoin will be traded for at least $6k-$12k after next halving.
And we could see sub $1000 BTC in case of cumulative bad news, e.g.: Bitfinex final bankruptcy, new harsher cryptocurrency law and fail of BTC scaling.

It is possible that we really can see sub 1000$ price again in the future so I think it is too early for OP to say that sub 1000$ price is gone forever specially right now that bitfinex issue, block scaling issue and many more is still here. Even if all problems preventing btc price to rise higher right now is gone, I still would not say that sub 1000$ price is forever gone, it might come back anytime.

Several issues have been overcome by bitcoin from the year on which bitcoin started to grow potentially. Importantly the sub $1000 is always a possible price, because even in the past once after reach ATH suddenly the price fall took place at the unexpected time frame after which gradual increase took place.

I will believe it if I see it. Having 1/3 of Bitcoin's market cap could also mean we are seeing one of the biggest cryptocurrency pump in history. That would also mean we will see one of the biggest crypto dump in history. They come side by side in case you did not notice.

Bitcoin already has an economy behind it giving it real use.

Definitely think it will dip sub 1k again.  We are in a massive bubble.  It might take a while, but I see it going below 1k in the next three years.  Would be nice if it just kept climbing forever, but that isn't realistic, and BTC has had hard crashes in the past.  History loves to repeat itself, but it will hopefully once again bounce back stronger.

I agree with your general statement but I cannot agree with the sub $1000 crash remark because it may or may not happen.

One thing I am hoping for is it stays like this for 10 more years. Some people here seem to think so judging from their posts.

it is funny that when i check your post history i see when the altcoin you support rises up, you call it "strong technology and a good dev team!" but when bitcoin rises up it is a bubble.

price went up fast for sure, and it will definitely come down but coming down doesn't mean it is crashing, it doesn't mean it was a bubble. instead it means a price correction is happening. a very simple and common thing to happen in all the markets. and it definitely doesn't mean price will go down to $1000 or below just because it went up and now is correcting!

Bitcoin is still a tiny dot. If you look at how much potential growth it can realize in the coming years, then at some point you'll think back and regret not having bought more at current prices.

Bitcoin will continue to break through each round $K mark. It's impossible for the price to remain at these levels for too long if you take the growing demand into consideration.

That's exactly why I will keep hodling the far majority of my coins for many many more years. It really doesn't make any sense for me to cash out at current prices. It will be extremely dumb to do so.

Right now, bitcoin has a good price and good time of period.
For me, it is hard to predict that bitcoin will come back at $1000. But i think so 30% chances are here that bitcoin might be come back.
The reason is that people are holding their bitcoins because of high price, when they see bitcoin has a good price than all people start to sell their bitcoins, than suddenly bitcoin price going to down, than may be bitcoin will come at $1000.
May be it will give us new time to buy the bitcoin at $1000.   

I dont agree with you, right now the people are holding and buying more because of waiting for the ETF approval and if it gets ok then we can see the bitcoin price above $2000 and if it gets rejected then we can see the price near $1000.

Sub $1400 maybe gone forever the way things are going...

nah, it is too soon to say that.
lets wait until ETF is rejected once again and if price could hold above $1400 then we can talk about whether or not sub $1400 is still possible!

(the first rejection price went down from $1230 to ~$900)

We are not getting an Etf,but I don't think people care about that
As much as last time
Japan  as a nation treating Bitcoin as a legit currency is worth more than an Etf would be, especially if you don't live in USA

Also depends how high we go between now and the next Etf rejection lol... 

well maybe that's the reason why there's a lots of support from traders buying btc and hold it until the etf results we are all
waiting for sure to see some dip and wanted to buy back under 1000$ but its really hard now to say as bitcoin keep on rising
and moving up so well.

haha i don't live in US and i couldn't care less about ETF nonsense but it seems like market cares a lot about it for some weird reason!
in any case i hope i am wrong as this rise is all or at least 90% because of Japan ...

when is this one going to be rejected anyways? i heard it is next week but i couldn't find it on the news.

I am with you in your opinion. But it does not mean that I would buy without any thoughts about good entries. I always buy when the price crashes that is why I always have low bid orders ready at the $1000 - $1200 level. Sometimes my buy orders get filled sometime they miss but they are always there waiting.

That's good way to buy at the best price and profit at the right time. As bitcoin is a speculative currency anything might happen based on the user community who are the driving force of the price and the growth in different sectors. Possibly more the investment will lead for further price surge.

Japan being now BTC legal, I wonder, I just wonder if the Japan Postal Bank might diversify a fraction of their  2T holdings into BTC to seek some better returns than zero.

SEC have said they will answer by not later than the 15th / next monday
i think the rejection is mostly priced in tbh ,if we get a dip il buy MOAR tho ;)

That price will normally occurs when sellers were pulling the price down and more dumps will be happening, so don't be so confident enough that 1000 is gone forever. The price fluctuation is moving unpredictable specially with this case of price updates is really rising to it's very peak nowadays; it's swinging up until $2k. So we must have positive visionary and proper motivations towards digital currency eventhough price is really unpredictable, but still you are not lossing hope to patiently wait for your profit to grow.

Some of willing to use bitcoin is waiting for the price to get down before they start using bitcoin lmao they didn't know that bitcoin will never be at the price of the way they think. If they knew about it since day one maybe they one of the millionaires now.

if anyone hanging out here since 2011 onwards and isnt a millionaire by now  they must be incompetent or something

People get tempted to sell far too easily. If you bought your coins in 2011 and you see that the value jumped like 200-500%, it will take massive balls to not sell them. But overall, I do agree that if you got the chance to buy coins at just a few bucks a piece, that you should have been at least close to being a millionaire. But it's easy talking now the price has gone up immensely already....

No actually there is a chance that the price goes below 1000$ as bitcoin is still an online currency and it can be hacked by a group of professionals which in turn can lead to a huge drop or maybe china do it's biggest move which everyone fears , banning all crypto exchanges in china.

The sensible ones won't admit it. But I've also seen extremely longstanding members coming out with pitiful figures. Just because you're around for along time doesn't mean you don't have bills that needed meeting back in the day.

Chuck in Gox, Pirateat40, BFL and countless other disgraces and huge success stories might well be thin on the ground.

Maybe the best placed people are those who bought in the 200s in 2014/15. Most of the shit was out of the way by then and it's also crystal clear that BTC is going places. That wouldn't have been so obvious when it was peanuts.

In any circumstances there is always this thing called chance.  Yeah there is still a chance for Bitcoin to dip in 3 digit or less.  But the identifier would be slim and next to impossible.  Unless everything went not well for BTC and lots of FUD making people lose their faith in Bitcoin.  Though personally, i believe we had bid goodbye to 3 digits Bitcoin when it reaches 1400 USD.

It will be a good thing if bitcoin stable at over 1000$, its mean there are a lot of users using bitcoin as transaction currency, but there is still chances it will be drop to 1000$ if something bad is happening like last time the hard fork issue or any other bad things, but hopefully it wont happened again

Is the 2T you are talking about $2 trillion or is it in Japanese Yen? Whatever it is, it is still a very large amount in US Dollars.

You are a writer, right? Write an article about your opinions on the matter and why it is good or why it would make sense for them to diversify. It would be good to know how the others in the community take it.

Nobody ever made respectable or insane amounts of money betting on the overdog. Same goes for Bitcoin. I've been on the ride since 300 and I'm still hanging on, and if anything just ignore the FUD and watch the price every now and then. Just know that one piece of information and a whale seeing it can cause price to dump and traders anguish. One reason to just buy and HODL and not trad, not saying trading isn't good for Bitcoin but I personally stopped a while ago.

As for 1000, I'm convinced we could possibly hit near that if something goes amiss. It won't be the end of the world but an annoyance in Bitcoin's journey to the moon.

Here is a thought. Bitcoin could be rewriting the way of trading trading strategies as we know it. Evidently we have not seen something like this before in all of human history. Some may compare Bitcoin's story with the Tulip Mania. That is a big mistake. Tulips do not have real world use in finance and markets. Bitcoin does and it is changing everything.

The current price movements I think proved that the saying "History repeats itself" does not happen all the time. Nothing last forever and everything is changing so it is natural that bitcoin might be undergoing some kind of changes because of the past events that have happened. As we know it now, whales can control bitcoin price up or down but seeing it as the way it is now, I think whales does not have any control at all to what is happening now. Even if that is the case I think it is too early to say that sub 1000$ price is gone forever so for now I will watch price movements and see it till the end even if it is pumped or dumped.

In the past during the time of the ATH, soon after that an unexpected price fall took place. So anything could happen without prior indication. After a long the price seems to fall a small bit after the continued increase from the range of $1200 towards $1750.

Yeah definitely. I'm waiting for the dump right now and going to buy as much as I can. Although this does resemble a bubble at this stage of the pump i've still got 20-30% of my crypto holdings in bitcoin because i really don't want to miss out on the next pump if there happened to be another one.

I do think that 1,000 is something that we can all agree on being the absolute floor right now. Doubt that it'll drop under 1000 for a long time, probably not in 1 year at least. And if nothing bad happens to bitcoin it'll probably be never broken.

I think you're right.

I'd say that dip is coming real soon because the price just simply cannot keep increasing on a daily basis. Right now it's increasing by around $50 minimum every single day and that's the definition of a bubble in my opinion.

But once it reaches 1100-1200 level people will think about how bitcoin rose so quickly from that level to 1750 which is the price level we are on right now, and people will start buying back again and bitcoin will rebound.

if this price become stable for at least 1 month, and no sign of dumping or going down to less than $1300  then probably it is safe to say that we won't be seeing $1200 again.  there are lots of incoming start up project to Bitcoin specially in Japan that will push the price further. If I am not mistaken there are 18 pending request for operation approval and many of these are major company in Japan.

It is not increasing by $50 every day. Bitcoin's price is down by 2% in the last 24 hours.
Such corrections are good. They prevent the price from going up too fast and prevent a bubble from forming.
However, I don't think we will see sub 1000 again.

Your post im confusing. What is your point behind all that rabble babble? You say one thing and then you say another thing.

Anyway what do you think of this thought. I believe the rising price is an advanced preparation for the next halving by the miners. Next block reward would be 6.25 BTC. Knowing the greed of the miners, they would need a really high Bitcoin price to gain profit and continue operating their mining farms. I also believe we will see further centralization of mining by that time.

sub $1000 is a whole different story.

but price has been rising fast, it is not about how much it goes up or down in one day but over a longer time like a week or a month. and this month bitcoin price has been rising a lot. we started at $1200 and now we are close to $1800 and that is about $600 rise which is a lot! (50% rise) and this means we should expect a correction soon.

Not only a correction but also a dump. I am not saying that Bitcoin is dead or any of that but it will end somewhere. It is nothing but a natural occurrence in the market. Bubbles do form and then they burst and back again. It is recurring in nature.

I agree, every climb had its peak, or if peak is not yet reached, there is always a stop over or a possible downtrend and bitcoin is no exemption.  The thing is that currently there is too much good news regarding bitcoin adoption in some countries, that might probably influence other country that has been neutral to bitcoin.  I guess we can still see several ATH breaking prices before correction kicks in. 

You spoke too soon. The correction is starting now but I still see it as an opportunity to be more Bitcoins. I hope the correction goes all the way down to $1200.

Yep, apart from future major negative news, sub-1000 is really gone... as anyone would buy huge quantity already when price is close to 1200. No chance it will go lower.

well the terminology in bitcoin is a bit tricky in my opinion :D
when price is fluctuating in a $40 ($20 up and $20 down) range it is considered stable.
when it is going up $100-$200 it is considered a simple rise.
when it drops $100-$200 it is considered a dip or correction, specially if it is after a $600 rise.

but yeah i agree that there is always dump, then panic sells then the avalanche starts and then whales enjoy buying cheap coins in the end!

Only negative happening that has the potential to crash the price back to sub $1000 levels, is if the BU gangsters decide to initiate a fork at the 51% mark. But they aren't that stupid to jeopardize their entire operations at such a marginal network majority. I remember that Jihan Wu even threatened to do so, but of course, it's just an empty threat. I won't discard seeing sub $1000 levels again, but it's more and more becoming an unlikely thing.

Yeah. Its looks like there is a correction right now but the price will not go down to $1200 level. Probably more on $1500, but it is too high actually. Although we don't have any choice, if we want to invest on it better bought it now and just store in for a long time. Because after the correction, the price will increase again, so much better to buy it now.

i don't think thats a bad thing.... but i do recommend buying bitcoin as fast as you can at this point. then don't spend the majority of it for a while.
i'd love to see btc value skyrocket to 15k/ 1 bitcoin lol. its fascinating to see broke peeps get rich xD. what if it instead takes another tip below 1k a bitcoin in the future though? what impact would it have overall on the btc network? when/ if btc ever hits 500k/ 1 bitcoin what will you have? im hoing to have like 4 to 5 btc when that time comes at least.

If he makes irresponsible statements like those to threaten everyone then it a POW upgrade should be developed and be ready for deployment. Miners should serve the network, not control and threaten it. If the miners cannot act responsibly then it is time to change them.

a nice of chunk of change. we all will.  but we need bigger blocks.  not fucktard core devs and the bs NON-scaling shitty roadmap.

Sub 2k btc is likely history at this stage
This time next year you won't be able to buy 1 btc for $10k... ;)

That's the hard reality. I too believe that with the ongoing price increase we won't be going below $2000 anymore. I hope we'll reach $3000 in a short and $3500 by the end of 2017 or by starting of 2018 causing a gradual increase to reach $10k in a short. Based on this at the same time next year we might not get the chance of buying at $10k per bitcoin.

i will stick by my  original prediction
after the chain splits ,the winning btc (big blocks chain) will be $5k by xmas

Ok, I will following your guess and I hope that can become to really in next time. But I still always carefully with SegWit2x status from Bitcoin, if SegWit fail the price will breakdown and take a big loss in my funds

TOLD YOU.