Bitcoin Forum

BTC could go down to $5,000. What do you think?

Possible, but not likely going to happend though. as long there demand bitcoin price will keep growing. Use your money wisely dont invest to something you can afford to lose, dont go allin on one cryptocurrency or project. Spend some for your own sake.

On what basis??

although i have a gut feeling that something like this is never likely to happen, we reall cannot shake this idea off since bitcoins have already proven in the past that it can go either too high or too low without any warnings or whatsoever. but to be honest, i trust my gut more since this has never ever failed me yet. so i am not really worrying. and even if this happens, then i'd still be glad. since it will be a great opportunity to collect more bitcoins to hold. and even though fuds are everywhere, i do not give a damn. because clearly, high or low, bitcoins along all the other crypto currencies out there will never run out of fuds. people will always create fud out of anything for varying reasons that only they know. so better to relax and just go with the flow. if we lose, then we lose, if not, then we are rich. there really is nothing to worry about if you haven't invested funds that you know you is something that you really need. and if you really did, then i guess you should take profits or cut losses as soon as possible. the risk just isn't worth it.

Yes it could , and even lower provided that  people & companies abandon its use so the demand decreases and as result, BTC goes down , but it seems to me that it's slightly illogical because as you know the world is getting automated more & more , finance too ought to go along with this automatisation whose BTC can assure.

it's not impossible for bitcoin to go under 10 000$ or even 5 000$.

i still believe that 2017 is going to be the year of cryptocurrencies and big hedge fund are preparing their entry in the market.

i'm struggling to find anything useful in your thread  ???

According to the bitcoin candlestick chart analysis, the points that bitcoin may fall to are 8k USD and 5k USD. It is the worst situation and bitcoin can go through but I think it is very hard to get a mass sale so the bitcoin can go to such value. If bitcoin can be worth 6k USD I would definitely use 80% of my assets to buy bitcoin.

BTC could go down to any range of figures within possibility. In all likelihood it won't go that low. If you follow the market lately you can see that bitcoin keeps pulling away from 10k but then there's another news story breaks that causes FUD to spread again. Once we get a 2 week period or so without bad news we can move to 15k or so again.

If it does go to $5,000 then there would be a lot of coins that people can purchase for a cheap price. There should be more holders then.

It could go down even further, it is a guessing game but if you bought when it was at it's peak it must be a killer having to sell at this kind of loss.

Since Bitcoin is volatile, everything is possible to be happen. But as I can see it now though the price value of it compare to last December it is really down, but it is only played in the price in between 11k$ to 12k$, which is not bad but good to buy in then hold.

If you to compare the value based on market cap of bitcoin with them of ethereum, you can see that ethereum had a massive value increase in last months... IMO 2018 would be the year of ethereum, and it is possible that it would detach bitcoin from the top.

Not a chance.
There's too much resistance.
Look at what happened a couple of weeks ago. Down to $9000 then up to $13000. That's a lot of money to gain and people are not stupid to pass up that opportunity.

Stop making shit threads. If you have a question about Bitcoin go to Bitcoin forum.

This is not going to happen,
 2 Days ago in Japan some Hackers stole 500M NEM and what happened only 400$ drop.
For 5K drop we need something big really big.
I dont think its going to happen in near future.

BTC could go down to $1000 if any of the top 5 exchanges hacked and funds stolen... Otherwise don't need to create fear scenarios... I guess the new dip for Bitcoin is $9000 and won't go below...

Yes, it could go down to $5,000 but at the same time it could grow to $20,000. There are a lot of things that affect it and we just should stay be ready to do something

Not going to happen i even have my doubts if we will see it under 8k$,there is just to much money invested in mining and crypto collapse will take down with it big companies like nvidia and amd.Also last 6 months a lot of fresh money went in to crypto and it will keep coming in as long there is no some huge problem with it

It is possible to happen that the price of the bitcoin down at $5000. Because the price decreased at 10,000 dollars but I hope the price will become stable and increase again in the month of february.  We don't know what actually happen to bitcoin,  but I hope the future is all of us will benefits.

What ever happens to bitcoin I will support it until the end.  I will buy more bitcoin and keep holding my bitcoin because I believe it will recover again.

Really anything can happen in the crypto world. It is even hard to determine the deep this days because where you think is the deep may be broken and even go deeper. It is really a game of guess like someone said above.

I think it's possible, not only because all governments, one by one, are making some steps for regulations. But all alts are getting stronger with new and interesting projects.

I think nest tow weeks it will go below 5000 and BCC will rise above 2000.

I think we don't have reason now for this price(5000$), all bad news are in past...i believe))

I don't think about anything that can make the bitcoin worth $5k because you are making another FUD bullshit thread to make others feeling panic. Before it will be back again to the $5k and it must be broken a lot of support on 6k - 10k range.
But what's wrong with you dude. There are so many threads like this one. Go to the bloomberg and write your comment in there.  ::)

Yes BTC is still in its correction but it is not going to last as BTC is now an asset which every investors wants to get his hand on. It is just a matter of time before BTC goes back to its bullish run

I honestly don't know but we cannot close the possibility. Bitcoin could go down to $5000 if the current dump will continue. I don't know if this is still price correction or there is recent news about it but I hope that the crypto bloodbath will stop and the coins will start to recover.

It is always a possibility (with governments imposing new regulations right and left), just as it is always possible for it to go back to 20k. As long as there is demand for BTC price should grow.

I really doubt it would go all the way down to 5000 suddenly. That is just technical chart reading mumbo jumbo.

Let say hypothetical bitcoin dump to $5000, that price will be like $250 of 2015/2016, it will only shoot bitcoin to six seven figure in the new price of bitcoin. So let game on! Let the fud increase! Let their be apocalypse! It will only beneficial to holders of bitcoin!

That could be happen on bitcoin because last year, the graph of the prices of bitcoin are much likely the same as the btc price right now and i think it will much go under $5000. We dont know what will happen on cryptoworld because anything can be happen we just have to wait for it

Possible it might happen but for me i going to buy a lot at $7,500 price. there was a small price range happened at $10,500 - $12,000 and i am sure that the major support will be at $7,000 price. bitcoin will not break that and might start another price range there. so im buying on that price.

In this bear market it's possible, but looking at the 2-month moving average we can still see that Bitcoin is up overall, and has a nice increasing linear trend. Therefore I doubt there would be such a deep reversal. In fact looking at the market from a 6 month perspective there isn't even a crash currently.

Everything is possible in cryptocurrency market but in my opinion that price too low, because the price of Bitcoin was drop more than 50% from highest price. And the fundamental of Bitcoin still strong so could be the price will change to bullish trend in a few month.

I think not, it will not be 5000. I'm predicting that bitcoin price will be around 8000$-9000$ because it was too hight in the end of the 2017. No price is little higt but it is ok. Bitcoin is old and slow. So it time for another crypto.

unknown people created the bitcoin and unknown people hacking other coins. The people that protected us are also unknown people. just trust the unknown :D they won't let that happen.

It's possible that bitcoin will go down but not in $5000 I think in the middle of $7000 - $10000

Everything is possible. Even alt coins can also go up as high as bitcoin prices. The market is very volatile. We never know what investors are thinking right now. If ever investors pulls out their investments in bitcoin surely value will go low, but I guess $5k is too much. I am more positive that the lowest Bitcoin can go down is at $8k then slowly it should get it's composure back on track. There are a lot of factors to consider in the value of a coin to pump or dump, but bitcoin will always hold it's name for the best valued coin.

We don't know if when is btc will decrease or increase, all we need to do is to wait for increasing of btc.

 I know that BTC is definitely not an altcoin and I think BTC speculation should be in the speculation thread and not in the Altcoin discussion thread.

I think that scenario is pretty unlikely, Bitcoin has built up a very strong support in the $10,000 range it has bounced up and down to this level frequently in the past 14 days only dropping significantly lower oto touch 9,000 on the 17th Jan.

Need to see what plays out with Tether in the next few days for a better idea.

I think the floor barely touches $9000 at the moment. The ceiling also has been hitting big highs after every large drop. Looking at the trend, most likely it will shoot to another large high within next few months and the floor will be even higher. I wouldnt worry about it touching $5000.

Im going to hold it, OP.

If we will really have this insanity of going from 20k to 4k in a matter of weeks, then it is not worth selling, as the opposite might also happen, at any minute and without warning.

I believe it could be happen since a lot of market observer said that it will drop alot this year. But i hope not to much. Because i still hoping it will rise back to 13.000$. This year blood bath on all coin being many investore on panic sell. Wish it will back to normal or many investor will loss their invest money.

it has just to come back to the levels of 3 months ago to touch 5k ahahah

people in disbelief saying ' impossible'  ' not gonna happen ' are sooo funny

Haha +1. It's good to see more and more people with some brains are posting here. All those idiots with their "Bitcoin will ALWAYS go up" nonsense will get what they deserve. Soon.

Bitcoin is dumping, well if it hit the price of $5k for sure many people will buy it and the bitcoin will pump easily. Everything is possible but I keep my position on a positive place, hopefully bitcoin will not hit that price again. Lets see in the coming days, just relax and don't panic.

There was too much bad news that had a huge impact on BTC prices. BTC could go down to $5,000, chance of happening in the next time is enormous.

in my opinion its impossible that the price of bitcoin will fall back on that valued..Because it is a worst dip ever and i think no one will become interested to invest   in bitcoin if that times happen and those big companies who support bitcoin will exit immediately for sure and there will be another panic selling until the price become useless.  But perhaps it impossible to happen cause as long there are more people using bitcoin and support on bitcoin the price will never fall back on that price again even though the price is so volatile.  

It could obviously go down to $5000 or less. Why couldn't it? Anything is possible. If the people continue to sell into the FUD, then there will be a much higher chance that the bitcoin price could completely collapse down to $5k within a few months.

Though I think even though it seems like it's going that way, in reality we're probably getting ready for a rebound very soon.

I know that it seems crazy to say that in such a bearish market, but the $10k support has been tested numerous times and never has it failed the investors. Even today's crash didn't bring bitcoin under $10k for long, and when it did, it recovered quickly.

So in reality, even though bitcoin could go down to $5k, I wouldn't bet on it happening this year.

Exactly, everyone didn't know what will happen to the price of bitcoin, maybe it will decrease or increase in the future. But for me, YEs, bitcoin have possible to decrease its value but not that price ( $5,000 ) however, the price was play in $12k - $10k and i thino it will rise again. Anyways, i agree with you that much better to wait for increase rather than decrease.

When the price was above $15000 users expressed their thoughts that bitcoin won't go low to $10000 at any instance. Later everything went upside down with the price going low to 10000. In this regard it is not at all possible to predict even after going through the speculations.

In this circumstance of Bitcoin it possible.
But as a my predict it could be go down to 7k$

I find that quite optimistic, but not impossible.

After all, the first crash was down a factor of 10 (in 2011, from $30 ATH down to $3 in 2012)

The second crash was down a factor of 6 (in 2013 - 2015 from near $1200 ATH down to $200 in 2015)

If the crashes become less and less severe, maybe this one will be limited to a factor of 4, bringing us down from $20 000 down to $5 000.

After all, the run up to the bubble was less spectacular too: x300 in 2011, x400 in 2013, this time only x100.

So maybe this bubble was less severe, and its crash will be less violent too.

But with respect to current market volume, it will be too hard to get down to $5000 price levels. There will be a need of very big bad news for that. You believe and pray that should not happen.

I agree any price level will be possible because the sentiment of traders is the only force which is driving out the bitcoin prices. But one thing we can be sure about, bitcoin is known for bouncing back to new heights in very quick time itself, so we do not need to worry about any level of lower prices. All we just need to do is, keep the faith and keep on holding our bitcoins.

From where did you even find your source?

Bitcoin's price would go most likely around 7000$ from This January to March then the prices can bounce back again to it's ATH depends on what is happening. as more and more Bitcoin users would adopt to Lightning network and Segwit the faster the transactions = more users and demand because of the fast network. one of the biggest reason why BTC's price really went down is from regulation and transaction speeds most of the holders sold their BTC just to just some altcoins that has faster tx time.

Don't worry Bitcoin's price would be back in no time posible to reach new ATH this year.

You are right, let us no make thread that is unreliable so that other people won't feel any panic as well. Even $8k it won't happen so nothing is to worry about. We are just waiting for the rise and not for a huge crashed again. Let us just keep this discussion more active and not just saying any lies or just a mere accusation.

Everything is possible in this game and prices could go even down if every situation which at current favours btc turns to be against it although i have a feeling that this is not possible but dont invest too much that you can't afford to loose so be a wise trader and enjoy in profits and boom period and don't loose to much in recession.

No worries at all because we can be pretty sure about the movement of bitcoin to be pretty bullish when the panic selling and resistance subsides and I really think that it will not turn pretty bad because there are still many users holding on to their bitcoin and that includes myself, I will keep on holding to my bitcoin until it reach the point where we can see another All Time High,

I have no doubt that the price of bitcoin will go up. But even if the price goes down to $ 5,000 I won't be disappointed. As we were 1 year ago? If anyone forgot I will remind you that in late 2016, the price of bitcoin was below $ 1000. It stopped people? I'm sure that the current fall in prices will not stop people too.

Seems difficult that it will reach even till 5k. It is just getting some resistance at 10k level and if it can be near this level for couple of days than it can start rising unless we hear something negative about the btc which can pull the prices more down.

Everything is possible together with 5000$ but not soon,btc may test 8000$ next days
But btc without technology improvement will not survive,to much hash consuming
We will have new chinise blockchains much more green and fast with his own smart contracts
Thay can help both btc and etherum but must be some agreements between btc devs

I don't think bitcoin will go back to $5000.Because many countries start to accept the bitcoin and Chinese New year is yet to come.At this situation the price of Bitcoin will not reduce at all. It's always at top of Crypto currency. If accidentally it happen ,soon it will recover it's price for sure.

I think it is very difficult for this to happen, not impossible but it is difficult to happen especially if you observe that these events that caused the price to fall may be about to end so we can see the price recovering

South Korea Finance Minister Confirms ‘No Ban’ On Cryptocurrency (https://cointelegraph.com/news/south-korea-finance-minister-confirms-no-ban-on-cryptocurrency)


so the fear that people had was going to end

These are the initiatives we need to:

Turkey: Football Chairman ‘Proud’ To Hire Player For Bitcoin In New First (https://cointelegraph.com/news/turkey-football-chairman-proud-to-hire-player-for-bitcoin-in-new-first)

Before you try to ask something like that, first analyze market of cryptocurrencies. Does this supply 16,837,400 of Bitcoin tells you something? Technically Bitcoin can't go below 9k USD, so with this amount of supply, we can see that Bitcoin is forming average price around 10k USD.
So could Bitcoin go bellow 5k USD? I don't think so, this 5k price is just speculation for me.

Wow...great news.

Where have you found this information? I don't think that it can be possible

We don't know if when is btc are increasing or decreasing all we need to do is to wait the btc price.

It's very happy to hear this news,the player had accepted half of his payment in terms of Bitcoin.This shows the growth of Bitcoin in Turkey.This will surely increase the price of Bitcoin soon.At first online payment accept the bitcoin,now the salary of football player.Soon we can see the remarkable change in bitcoin price.

Quote: As chairman of the amateur club Haldun Şehit told CNN Turk, the move was completed to hire 22-year-old Omar Faruk for 2000 lira ($528) in BTC and 2500 lira ($661) in cash.


OMFG!!!!  $528 investment in Bitcoin .....  :-|

It's hard to say what causes cryptocurrencies to go up or down on any given day. There are many reasons that adjusts its price like news from media, panic buying and selling which could results to affect its supply and demand. Bitcoin has already confirmed its power as mother of cryptocurrencies and I think sooner it will be soaring high again.

The amount may be small, but it's a start. If it works, maybe others will also start paying cryptocurrencies. Promotion through sport can well affect the image of bitcoin and improve the reputation of all crypto. That's why I think that this is good news after all.

I thought 10k was the bottom and today we have seen that to not be true, so while bitcoin can touch that price I still think it is not very likely however we need good news for bitcoin and fast or more people will begin to sell their bitcoins, it seems the only news we are getting lately are bad news and this is making the price even more unstable than it normally is.

Of course it could happen. $5K is only the price seen 4 /5 months ago - why is it not possible?
I think there is way too much optimism on bitcoin price and things could not turn bullish again until most of this unjustified optimism is given up.

I agree with post above. Way too much optimism still. I've been here and seen it all before, several times now. I would expect the price to crash here in the coming weeks... there will probably be a period of panic with the price falling below $1000 at least temporarily. People would be foolish to buy in at the current prices, because it's going to be a downward trajectory here for awhile.

From today the things are gin in positive for bitcoin. It looks like we are again starting in a best period for bitcoin. Now people will not have fear. If Korea cannot ban bitcoin then no one can do it as according to that it is impossible for anyone to ban bitcoin. And it is already experienced by Russia when they banned bitcoin and after a few months they started again the use of bitcoin and they experienced that without bitcoin they will lose the future benefits.

Here, I deleted the previous posts and added the pictures here. There's a slight time difference because I suck at paint with a laptop.


https://i.imgur.com/u84leFI.png

https://i.imgur.com/VLaVNFZ.png

https://i.imgur.com/HDVtkXO.png

Nobody on Binance is willing to allow BTC to settle at 8 lol

I think the support level that had been set around $9,500 today has been broken down and therefore there are reasons to think that the bearish trend will continue even further down to $8,000. While it is true that it is impossible to predict with certainty the price of bitcoin in the long term, it would not be strange to see it touching the line of $5,000 in coming days.

I think that bitcoin might go down, down to 5k usd I think. There is a chance, but I don't think that hard supports might be broken easily by these fuds and etc. I strongly believes that bitcoin will rebound now. Because the third box was highly expected for it to experience.

In different situation different reasons are causing the increase or decrease in the price of bitcoin. Currently i think some false news are wondering in the market which may be causing the price of bitcoin to dump a little but hope that this dump will not continue for a long time and the market will very soon recover its position. We need to give good support to bitcoin and not let the price of bitcoin dumping any more.

Indeed it is, but there are a lot of people who joined the crypto market at the end of last year. Those who bought in at around 8000 and haven't traded their BTC to USD since last week, they are not willing to sell below 8000 ofc. Probably someone put up a whole stack of BTC a little above 8000, and other people are either holding or stacking onto that atm.

On the other hand, this is also the time scammers have to get out, if they didn't get out already.

Yes there's a possibility that bitcoin can go back at $5,000 cos we are at $8,700 this dawn. I'm keeping my finger crossed and this isn't going to stay any longer. I can't attain to see the charts at $8,000 - $9,000 as I'm even good with $10,000. But this is the reality that it can go further and the best thing to do is watch or buy but don't sell.

This is possible if this is the ultimate correction or the long awaited bubble that we are waiting to burst but i pray this is not. I believed that $8,000 to $9,000 is the most lowest price decrease as people will already buying of these amount in which Bitcoin is unpredictable that it might rise up suddenly lossing the opportunity to buy cheapest price at $9,000.

Nothing is impossible in bitcoin, it could happen, considering last year bitcoin and its ranks had a pretty crazy rise, it's not impossible that bitcoin will return to the base price again. It's scary to hear bitcoin falling for $ 5,000, but if that's the case, then I have to get ready to put up a net to buy, I regret to sell it at a cheap price last time.

Well i wouldn't expect too much about that though dude since we're really plunging below 9k at the moment. And at this rate, a 5k scenario isn't unlikely. Everyone's losing their minds but the real traders would know all too well to just keep calm and let the market heal itself. Its a correction and no matter how low it gets, it will recover

This may happen.

I think that such scenario is possible. Nobody will tell you for 100% as everything will be because nobody knows actually. My assumptions the fact that it is possible, but in the long term everything will be favorable....

Possible but not going to happen since the price now seems to go green again. The dip lasted down to 6000 usd mark. I do believe it can stoop down more but the dip shook of weak hands and some of btc holdings are now in a much safer hands.

As you can see, the depreciation of the Bitcoin exchange rate to $ 5,000 is unlikely. Bitcoin's exchange rate most significant fall is down to $ 7000. The fall in Bitcoin rates is so rapid that cryptos are continually facing negative news and bans from governments. Experts predict that in 2018 Bitcoin's exchange rate will reach $ 60000 and then fall to $ 1,000 by 2019.

 Who are the 'experts' making such predictions and what is it that makes them experts?
 

The emotions of the people are running wild and with reason, the price of bitcoin is no joke and it keeps  as volatile as ever this creates great uncertainty so when things seem to go wrong the predictions from people tend to be very grim but when things go right the predictions can border the impossible with people predicting that each bitcoin will reach a value of 1 million dollars.

Maybe yes or maybe not because we cannot predict about it. There are very few chance that it will happen in future. According to current market situation I don’t think it will happen in future. Most of the times it will never happen. Right now, people are mad about BTC. They blindly invested in Bitcoin. The total market cap of Bitcoin is tremendously increasing. If Bitcoin continues falling right now it will reach up to 8000$ then again it started rising.

Looking at present market condition Bitcoin may touch 5000 dollars and downfall is due to US SEC warnings on Bitcoin price manipulation

Price decreasing again the price and now it's decreased at 7200 dollars.
I think the barrier is $5000 and once the price decrease that the price increasing again because many people buy again bitcoin and it's increase again very high the price.

within a period of about 2 weeks bitcoin prices fall $ 2000, it is undeniable that $ 5000 will happen. but we'll see in the event world cup 2018 whether the price will bounce up or down.

The price is decreasingly slowly and we seem to be in danger of growing below $7,000. However, I think it is too premature to talk about the price going below $5,000. There are quite a few support levels on the way.
We may see high volume trading, but the price wont rebound to those very high levels you are talking about.

These kind of falls are not that new when it comes to bitcoin and if you are trading bitcoin you should know about it, there is no factors in the market to see a major correction to $5k, people who wanted to sell their coins would wait for the market to recover to sell off rather than selling it at these valuations, unless there is some terrible news from the market i do not see the price going to $5k.

No one can able to predict if bitcoin will touch $5000 this year but it may be possible in the future if demand for the top cryptocurrency will go down. There are some negative factors are capable to bring down bitcoin price to that level like a continued government crackdown or hacking a big exchange. Aside from that there are also a influential group trying to bring down bitcoin price so they can able to buy it at a cheaper price.