Bitcoin Forum

When I first got to know the bitcoin its price was around $3200 but I did not invest at first because I was sceptic about this. Slowly It's price and the value among the people increased then I bought some bitcoin at the price of $6324. After few days its price was drastically decreased because of the J.P. Morgan case. I was thinking one person's statement can make a huge business then what can we do to make some money out of bitcoin by bursting it price to much lower than now but



can we do that?

Yeh sure just give Jamie a call I'm sure he will be more than happy to help you out!

Why do you want the price to drop? If the price drops dramatically due to an external event (like a major country banning it, or whatever) what makes you think that people will trust bitcoin in the future, and the price will go up again? Any statement that hurts bitcoin's damage and causes its price to drop is a huge problem at this point.

I think it's a bit selfish asking something like that. Like you, some invested in bitcoin with prices more than 9k+ just to join the big rise and I think they have been one of the reason why there is such a big increase. Aren't you satisfied enough.
Also you are talking about FUD. And it's not a good thing saying false information about bitcoin.
You must think how to sustain and make it grow more rather than making it burst.

who doesn't like cheaper bitcoin ?? I bet many here wishes that bitcoin will go down so they can grab more bitcoins
people who want the price to keep going up are mostly the new comers who just want to make quick money
but if you have been here long enough you would had known that every dump in price is a golden opportunity to grab more ( in case you really believe in bitcoin )

bitcoin has survived many bad news and statements in the past , so that won't affect it

I think that we reached a point that only big news can affect the price , like US ban for example or a big exchange getting hacked

bitcoin is so expensive right now that only the rich can help you now

In as much as this does not sound obtainable but not impossible. Bitcoin can't easily go down to $6k again, we might see a $10k dip but can't dip further. Owing to the massive adoption and demand for Bitcoin. There are now so many  'believers' and can't be easily shaken by FUDders. So it will be hard to take it down to such price.

Nop no one can right now. The time Jp Morgan made that comment , bitcoin wasn't really that known between people and they didn't know how powerful that technology could be . Now with the current price ,bitcoin have shown it's true potential and it's only going up . No JP Morgan ,no wurren buffet no freaking jordan belfort could stop it's growth.

Probably the author of this topic simply regrets that he did not buy bitcoins on time and wants to return his former value. Perhaps this event will happen and we will see a strong drop of bitcoin after the New Year holidays. It can go down to $ 5000. But this is not the best news for investors.

burst bitcoin to $6000 is too imposible man, bill gates say bitcoin is unstopable. :)

I am just concerned about myself and my money right now, because I have lost it investing in Bitcoin before (panic sell)

I just want to make more money right now,,,, buy at small price again and sell when its price goes higher again! and what makes you think I dont believe in bitcoin Believe me I can gurantee I have more BTC than you.

That is why I want some bubble burst.

Sorry to say this.Both bitcoin and its holders have travelled a lot ahead and every body is now aware of the potential of bitcoin and no one would here after be hearing to jamie dimon or any other CEO's statement against bitcoin.So just drop your idea of buying bitcoin when its price falls back to $6,000 and buy as much bitcoin as you can with your present investment.Otherwise,you would once again have to get disappointed when  bitcoin's price hits $20,000 soon.

Whether Bitcoin is a bubble or not, you should never put all your eggs in one basket. However this is not a traditional bubble, those have mostly been issues with supply and market manipulation. This is a paradigm shift of the world's wealth into the digital era. Anyone no t getting involved will be left behind.

I can see the similar post in 6 months time "let's bring bitcoin back to 20k$". What is gone, is gone. You missed this train and there is no use bashing your head over it. New train is however just passing by. It might not take you to the distances the 6k train would, but you will never know how far can you go from here.

Hi,

I would say you can't. That against all bitcoin principles and that would deeply hurt the community.

I mean, I love bitcoin because it supposedly cannot be controlled by any institution. It is what makes its volatility so high but it is also a guarantee that no one truly control it.

So please, if you want to play with money, without caring about the consequences, do it with fiat money, not bitcoin. Because bitcoin is a hope for many people!

In my view it will not happen at all because the institutional money started coming to bitcoin at the rate more than $ 11000.

Lol no. I would be surprised if we see a fall below 11k ever again. Possible fall to 14-15k in coming day. But like somebody said in comments, now everybody knows potential of holding bitcoin. God knows I do. Hodler from 3k :D

No we can't do that. And unfortunately for you, we won't see $6000 again, ever.  Also, don't spread FUD by putting the words "bitcoin" and "bubble" in one sentence, not only you're being selfish by asking for a crash in the price that could potentially cause a major breakdown in the market, just so you can fulfill your own interests, but you're also spreading FUD? not cool.

Bro, greed will take you nowhere, especially in the cryptocurrency world.

If you Hold a lot of Bitcoin, maybe you can cash out and trigger a FUD chain reaction. then just buy back in again at a lower price :)

It appears you are implying a pump and dump back to 6k?

This king of coins is not a good candidate for such a thing. Pretty pathetic suggestion really.

You made a decision to buy in at the price you did, so live with your decision and dont expect everyone else to dump because you bought in too high.

You want to make money then diversify your portfolio so hopefully any dips in one coin is balanced by small gains in others.

I couldn't care if it went back to the hundreds, i bought in / mined at $330USD and i HODL as well as spend mine on coffee and lunch everyday because i truly believe in this coin.

The faithful and true believers / early adopters have been rewarded, the FOMO crew and greedy can just sit and hang in there like we all did and wait for their profits.

in this time bitcoin is unstoppable so only those rich influential people can affect bitcoin with their speech but most of them support bitcoin.

What I want to tell you is, J.P. Morgan is buying bitcoin, too. This shows that the investment is worth doing, and you know that Morgan has always been a valuable investment for so many years. As long as we buy a good hold, the price will get higher and higher, at least in the last few years you will be profitable.

it will not happen to go down in 6k usd again cause the growth of people interested in bitcoin are higher than before

There is a recent statement by Jordan Belfort AKA Wolf Of Wall Street, he is spreading FUD and we won't know if he's just waiting for the bitcoin's price to fall down too and buy so much bitcoin at a lower price just like what Chase did. He's a known manipulator in trading world and will always grab the opportunity to buy at a discounted price because that is his strategy. What you have to realize is that; if you invest today, make it as your own starting point/$0, then have your own goal and know when to take profit. Greed is good but not too much.

I don't know why are you wishing to go at $6000 levels, which I don't think it is possible to do now, as the demand of the bitcoin and other cryptocurrency are rising higher and higher day by day. Only major events like any shortage of supply or huge ransomware virus attack all over the world or ban of Bitcoin in major countries like the USA, UK or Australia can make the $6000 price level visible on bitcoin price chart.

your post made me laugh a lot... there are many people who bought bitcoin when the price was $500, as many people bought when the price was  $1000. other people bought when the price was  $2000, other people bought when the price is $17000, even I bought now at the price of $17000... Why did I do that? because bitcoin has a lot of potential, because there is a lot of good news coming up and because there is no way to know when low is low and when high is high.


If the US decide to ban bitcoin and make campaign against bitcoin, that could lower the price, but countries like australia and UK, would not have a very big effect on the price

Everyone knows very well that when the bitcoin goes down to earth its the time when we buy most of the bitcoin and then hope that it will burst to new high rates. Now you see here, bitcoin can go down to the 6000 USD but no today or tomorrow unless and until half of the investors take out their investors in one shot. The reason is simple, we have already reached the prices of more than 18K and the market cap is more than 300 B now which means the hard cap is not possible to break at this point.  Its obvious thing really, the buy low and sell high strategy always works and it will take very less time for people to get into bitcoin if that really happen. There are already many people who are in line to see the miracle of bitcoin falling back to lower rates like you depicting and then go back to war it is today. But thats really impossible to happen now.