Bitcoin Forum

I have no real guess or feeling
ok perhaps: that was it for now, will stay around 4450 for 3 days and then go up or down :)


Some investment bank, forgot the name, said 2500

Hmmm. You almost right!
After 5 days bitcoin is falling down! And it is possible that it will go to 2500. We'll see!


Now - 3540$

Maybe 500$, let's see. Cheap coins coming anyways.

Troll post ^^

No way does anybody realistically see the proce going that low.

It might happened if one day satoshi awaken and dump all his BTC currently owned then buy dozen of lambo and pizza. His BTC must be burned just like what theymos proposed. This is the only serious threat I see on BTC compared to China. Hahaha

china really shake everything after this ban and all the rumors about closing exchange now we really feels the pressure its showing that it can fall down up to 3k$
level depending if what will happen next week or the coming next after, I'm still trying to hold my coins and hoping that it will recover sooner.

The new rules that announced by government of China can be real disaster for new ICO projects. From my trading experience there are buyers which looking for cheap price ratio and sellers which looking for expensive/higher rate to liquidate the positions.For every buy and sell action there are bid and ask rates of market.Current pressure over the market will create new opportunities no matter what China is going to ban or not cryptocurrencies. IMO we will see temporary decline on markets till big guys come and liquidate all sell positions ;)

Some old timers are looking to buy more at around 2000.

Not only ICO projects but the bitcoin price too and its also affect others cryptocurrency price. More bad news China more decrease the bitcoin price had. If no good news for the next 2 days, i'm pretty sure the price of bitcoin will keep going down until the end of this month September. Hold or sell, your choice.

It's all depending on the news. If nothing happens anymore I guess we stay where we are.
If more investment managers want to express their concern about bitcoin, maybe 3000$.
In case China closes exchanges I would say 2500$.
In case both of the above, still 2500$. In that case nearly nobody would take notice of the manager concerns because the news would be flooded with the China ban.

Bitcoin all time best investment, just beware next two weeks! Remember how BTC climbed like hell in the run up to the fork? Thats why btc will go down another few weeks. And probarly will go up.

Goldman Sachs were suggesting (https://www.finder.com/bitcoin-will-rise-500-then-crash-by-2500-says-goldman-sachs) that it could go down to around $2200 before it begins recovering.

It's possible that Bitcoin could follow the typical bubble graph (http://fixwillpower.com/blog/bitcoin-bubble-crash/), in which case it could fall significantly lower than the expected price due to people panicking excessively and then reach a normal point.  In 2015 the "normal point" turned out to be around $250.

This time it'll probably be higher than that, but you can't expect it to stay consistently above $2000 when that price has only held for a small fraction of this year, never mind for a long time.  You just have to be prepared to hold through proper panic, which could reach well under $1000 for all we know.

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IMO we're entering a broader bear market which will become more serious due to the November fork.

It was at around $3000 on August 1st when the hard fork happened. So I don't think it will go lower than that.

I reckon it will stay where it is at the moment and then on the next good news, it will start climbing again.

It was the GS analyst who as predicted that market will from 4700$ to 2200$ in coming time and now to an extent this seems to be coming true. As market has already felt by 1500$ and now trading at 3350$ approx. So in coming time we could see bitcoin in range below 3k.

The decentralized systematic operating makes the entire market to be unpredictable and at the same time everything happens without prior notification. So, in the upcoming weeks can expect price pumping as in the past days providing price increase once after drops unlike the issue connected with it.

I have the feeling that it may very well be that Goldman Sachs itself was largely responsible for the recent uptrend. It's quite shocking to see how accurate a non crypto player gets to call top and bottom.

If the market bounces back up from the $2000 mark in the coming days or weeks, it will be no coincidence. I am hodling as always, but I won't mind buying even more coins far below the $3000 mark if becomes reality.

My target was to buy back at sub $3500 levels, and I managed to do so just under the $3350 mark. Next target will be anything below the $3000 mark ~ if we don't fall back that low, then no problem, I am happy that I bought back already.

I'm surprised people are not buying right now! Come on, btc is really down, it's a great chance for investors. It's a bad time for me, because I withdraw btc regularly and thus my salary is going down, but for holders it rather like a dream come true.
Friggin Chinese exchange website owners and the government! I hope at least mining will not be forbidden, because this will lead to a total catastrophy.

I bought some at $3440 earlier today. I'm out of money in the bank. But when my paycheck comes in the next couple days I'll be ready to put in a few more hundred in the low $3000s or hopefully under $3000!

I was probably one of the first to brush off Goldman Sachs when they announced they would start entering Bitcoin into their prediction analyses. I recall quite well how accurate they were with their maiden attempt, especially when it went broadly against the grain. And then after their second and third correct calls, I had to admit they probably knew a lot more than I gave them credit for.

Now I'm not one for conspiracy theories, but like you, I wonder now if they were a bit more "in the know" then anyone realises. You can't keep making such bold claims and expect to get away with it if it doesn't turn out.

My bottom call? $2800

2849

I think the bottom will be around $3000. Could be lower or higher but that would be about a 40% drop from top. Anything below $3000 would be good buying opportunity for me. I'm just holding and not selling at all and only buying if it drops some more.

As far as how long before we hit bottom, it's hard to say. I would guess within a week and then level off for a while. Then start a gradual increase. We may not get back to $5000 until next summer. I definitely believe the price will recover but it may take a while. This drop probably will chase away the less experienced investors.

I am happily trading current volatility, but with how things are going right now, everything basically depends on how things will play out in the coming days. If we manage to maintain the $3000 level as minimum, we'll likely be up for a decent bump back up, but if there is not enough support to hold $3000, the market will likely tank deep below that level. If we take all progressions of this year into consideration, it should at least 'justify' the market to maintain the $2000 level. I can't put a figure on what level it will fall to in that situation, but anything above $2000 will do it. Another important point as mentioned a few posts above mine, the Goldman Sachs prediction becomes more realistic with the day - definitely something to focus on.

Go with the flow and gear up some extra ammos if you are expecting for more price dip.

I have no forecast for the upcoming weeks but still bitcoin is used to be like this even in the past. Just enjoy what is happening while taking a ride on it. This will end soon and price will be on crazy pump once again.

I'm looking for an entry around 2800 usd just to be safe, although reading this https://www.tradingview.com/chart/BTCUSD/l47c7Y3E-Why-Goldman-Sachs-Predicted-Bitcoin-Bottom-for-2300/ kinda explains why they are predicting the bottom to be around 2400.

No matter how severe current sell-off looks, the entire crypto market is still up by huge margins. We shouldn't forget that in January of this year we were still hovering at 3 figure levels, and now suddenly people are going through a panic rush, just chillax. If this means that the Chinese market will withdraw itself from the crypto space, then there is nothing that we can do -- let the market reach whatever bottom from where can focus on going up again. People act like this is the end of the world, but it's just China that we're talking about -- crypto doesn't rely on anything country related, and definitely not China.

True, but what if other country follows the same thing? It is going to be disastrous. Think how low the price could go through and the recovering phase would take ages.
But look at the bright side, no more Chinese investors dictating the price  ::)

Hope it could be pump back again but i think it will not rise back to $4k mark in up..
Better to watch and monitor the movement of the price as i can see there are still many traders and holders are selling huge amount of bitcoin in any exchange site.. For now better to wait for more few days to see bitcoin become stable before get ready to buy huge amount of bitcoin before split this coming november..
And hoping that the price won't go more down and hit $2,500