Bitcoin Forum

When, not if, we see a dramatic fall in price, where do you think the bottom will be? What price are you setting buy orders for?

Double digits.

around $2300

Don't be ridiculous, we will never see double digits again. Not in our lifetime any way, bitcoin is way too strong for a dump of that proportion.

it depend what will be the top first unless you believe this is the top, i think this can be already the new bottom when the market crash, fi the top it 10k, the new bottom would be far higher than what we have now

i really don't think we are goign to repeat the $100 to $1200 in 2013, with an added zero here, the climb is slower than 2013, we reached that ath int wo weeks in 2013, here we are moving really slow, despite what peopel think...

When an unexpected hardfork appears, it can and will be. Many people will loose confidence in bitcoin then.
Otherwise? I really don't know.

Let Bitcoin rise up to $10k and then overcorrect down to $2500-$3000 and then settle around $5000 for a while.
I think most of us would be more than fine with that. ;D
But for now Bitcoin isn't really in a bubble yet. From the old ATH ~1160 (Bitstamp) for instance we are just up 2x.

Even then this isn't set in stone. But of course a possibility.
But I doubt a hardfork will happen.

I beg to differ, what else should they do for you to believe in a hard fork? they are taking the lead from Core in order to do a hard fork as it was always their plan.

Just like so many threads asking why not do a 2MB hard fork? and similar topics with their shills opposing SW and supporting 2MB hard fork.

What was the last stable price range if I'm not mistaken it was $1250 as the price was swinging up and down for more than 3 weeks, but now is too late for that low correction.

People already have invested in Bitcoin hundreds of millions and they will not allow it to drop that far, I'm no longer hoping for sub $1500 any more.

Bubble? This is just a rally. There will be corrections along the way, for sure, but a bubble? Nah. If the price spikes up to $15k-$20k or higher in the next few weeks, then maybe we can start talking bubble.

$1500

It's not a bubble. Please put some effort into researching what currently is driving the price up. Regarding OP; I seriously don't know where exactly the price will land in case a serious correction kicks in, but no doubt that it will take the price below the $2000 level again. If you look at the global support above the $2000 level, it's piss poor, and most of the support that is visible will be pulled back in case the price starts showing signs of going down.

Right now,until theres enough time to buy cheap btc. If you dont do it today youll gonna regret it for the rest of your life.
Invest today and be a millionaire tomorrow.

I think bitcoin will never in the fall of line see the platform it already on the top already but soon if this will falling down maybe the price of bitcoin will be at the price of $1000 or less this can be fear for those holders of tons of bitcoin once they sold out their bitcoins.

If the bubble is gonna pop then the price fall happens depending on the price from which it starts to drop downwards. If the price grows as high as $5000 or even more the price might reach down as much as $2000. If the price drops from the present value then it might stabilize at $1000 and won't fall beyond that.

Yeah BITCOIN is much more strong now and doesn't can't make it true away in double digits. I will help you to become bitcoin double digits again hahahahahaha too way to become lol

What caused the crash in 2013?

you are basing everything on this assumption that there is a bubble!
not all rises mean there is a bubble. when a random shitcoin rises out of nowhere and for no reason, that is a bubble. but when bitcoin rises because a lot of new people all around the world have recently been introduced to bitcoin, that is a rally with little chance of going back.

sorry to burst your bubble (pun intended) but you missed your chance of buying cheap bitcoin when it was still around $1000. and now all you can hope for is a tiny dip to buy before it reaches $3000 ;D

You are making the assumption that OP is referring to a present bubble. It could be a future bubble ;)

That being said, I think that your assumption is correct and the OP's assumption is incorrect

yeah you will wake up someday and see miners are pouring petroleum on top of their millions of dollar and lighting it up with a matchstick watching it burn to the ground.

because that's what "an unexpected hardfork" you are FUDing about looks like ;)

the headline cause was china cracking down on bitcoin, but in reality it was just another bubble and no bubble lasts. there were more sellers than buyers.

You just need to enjoy this ride as it may never occur again, remember this is a reusable rocket and pretty much heading towards the moon surface.
I have confidence in new investors and I'm 100% sure they will not let this bull to die so easily.
There is a cat coming in front of my door step sitting and staring at the door for half an hour with a sad face and totally disappointed from life :D
Please don't be like him, staring at charts and prices and letting these rare opportunities going by.
Waiting for price correction and value decreasing means you couldn't dare to risk your money by investing, so in this world you'll not get a penny if you don't risk something.
By any chance if price does fall then lucky the ones buying them...

If I remember well, that was just an MtGox pump with 2 bots. Then China "banned" bitcoin, then the Mtgox disaster, then another chinese "ban".

I entered in bitcoin community just after the bubble. And gave my first btc to Karpeles Charity™

And now I think it will go to at least 4000$ in this bullrun. Then down to 1500

This is not a bubble. This is the takeoff many have predicted years ago. Yes there will be a correction and yes there will be higher gains after the correction. I firmly believe though we will not see a huge crash
 This is bitcoin not the dow jones. There are no rules, anything can happen, and we can keep rising

500-900$.
The next correction will be brutal, but bitcoin is going to recover. Hopefully not another 2 year bear market.

I think few would disagree that we are at least temporarily in bubble territory. I've only been in bitcoin for the previous 2 'bubbles' (since April 2013) but if there's one thing I've learnt it's that when the long term graph looks like we are on the vertical face of a quarter pipe, at some point it's going to come down hard. It may well keep going up before that happens, and I guess my question should have been phrased 'if the price crashes today, at what price will it bottom out?'. The two spikes in 2013 fell back to about a third of the peak, which at today's price would be about 800. If it does keep going to 3000, 4000 before coming down, I imagine the bottom might be higher than that. Either way I'm selling small amounts on the way up and adjusting my buy orders accordingly, and hodling the rest.

At this price demand for bitcoins will skyrocket, this will be like on some sale, people will try to buy cheap coins by any means necessary. If bitcoin fall down to 3 digits, and that is a very big if we will see recovery Mich sooner then you think.
I think this is a bubble, good news, adoption all over the world, all that influenced on this rise, and if we see any correction that will be on 4 digits, how much exactly I don't know but everything above 1000 dollars is good for bitcoin I think.

gotta scale the y axis logarithmically. we are either about to exit the pre-vertical phase of the late 2013 bubble or about to gently peak out over the next couple months then bear for 2x3 times as long ala the 2012 $25 mini "bubble". OR something in between.

I think it will take a series of mini bubbles before the market moves on from the memory of the 2013 bubble. We're all far too cautious to create a catastrophe right now. Besides, there seems to be an order of magnitude separating any large peak-crash. Not sure if the reason is mathematical or psychological, but it seems to be there. I think we'll start a downtrend in approximately another doubling of current price, but i doubt a big bubble will happen until we get over 10k.

I was quite prepared for it around 2000 (cashed out a bit too much perhaps), but now I think the global demand will have none of that. I've already been reluctantly buying back in at a loss, because each coin I buy back turns back to profit overnight.

This is plausible and I'm supporting this statement. The price increase that's happening is the feed back of the demand that we are getting today. The fact that after the adoption of those countries this started to pump. But to make the economy balance yes, corrections are there and I don't consider this as a bubble, we'll be hitting 5 digits soon.

BTC is not in bubble. Don't just based on chart but on the news instead.

For now i think like other said its not a bubble and i think for now its impossible to see more fall due to legalized bitcoin and more supporters of bitcoin..
If you are not investing today regret tomorrow because daily the price is increasing i was shock that the price was increase today that i couldn't imagine the price can be still increase..

For those holding and wanting to cash it is causing FUD, Now it is up to a month of steady rally and speculators are not sure if they a saying what is reliable. My challenge is the reaction of altcoin to it, Its a challenge I love. Money is now in crytocurrency, lots of money. People are investing and are willing to put more. The future is getting clearer for the crytoworld

Let's call it a significant correction. I strongly believe that we'll visit a price between $1700-$1800 as bottom of the correction, where after that we will continue this rush, but hopefully in a more sustainable manner. It would be a healthy situation if the market takes a step or two back, as I believe that the price is currently overbought. I don't think we're very far away from that moment.

Precisely. I won't even start to consider this a bubble until it hits 5 digits at the very minimum.

This reminds me of Oct 2010- Feb 2011 when the price worked its way up from a nickel to a dollar in about 4 months.
 
It didn't become a bubble until June when it soared up to over $30 in a few weeks before crashing down to $2 by Oct 2011.

If it barely makes it to $15000, expect the crash to bottom out around $4000-$6000. If it goes higher, expect a higher bottom.

What we see now isn't a bubble, just a rally. When it rises over 1000% in weeks, that's a bubble.

Usually the previous ATH will serve as a strong support base. So my guess is that even if this bubble bursts, the price won't drop below $1200.
But the way we are headed, I think this rally has a lot more steam left.