Bitcoin Forum

with bitcoin price falling I sometimes ask myself; when is enough?
What do you guys think will be the bottom before it goes back up?
And what would be your bottom? 9k? 8k? 7k?

Depends on time frame. In the next month, I think the bottom could be $6-7k. Over the next few years, I think the bottom is zero. Bitcoin cannot be used as a currency or store of value, and therefore is really worth 0. It is being held up at a multi-billion dollar market cap because of irrational investor behavior. Maybe an alt coin will take the place of bitcoin, but bitcoin's technical and scalability problems are ensuring that it will never reach its dream of becoming a universally used currency.

It could be somewhere in the $7500 ranges but worse, it could even lead to $5000 a pop. There are not enough motivation for the markets to push the price upwards and all the breaking news globally are focused on the
South Korean government's crackdown on cryptocurrencies and whatnot. The overall sentiment of the market is not that good and almost everyone is on full bearish mode, and the bulls couldn't keep up with the momentum of the former.  The next few days will be a bloodbath--hell, it could last even weeks--until something good comes up.

it shouldn't have gone below $10k to begin with :)
it seems to me that for the past couple of weeks they have been spreading FUD with some good expertise and creating panic in the market and kept it consistent to decrease the bitcoin price for some reason.

looking back it was first the ban FUD, China and Korea. then the bitfinex subpoena came out which was actually a couple of weeks ago but the news was kept hidden until last 10 hours that it started filling the media

You have to look for something called capitulation. When a market is going upwards, you usually get bears saying it is going to fall. When the last bear gives up and decides that the market is not going to fall after all, is the point when it turns downwards. And it's the same in reverse - when the  last bull gives up and stops talking about the moon, that is when it will turn upwards.

If previous bubbles (2011, 2013) are an indication, it must be in the range of $2000-$4000.

In 2011, the bubble of $30 crashed down a factor of 10, down to $3.  In 2013, the peak was near $1200 and it crashed down to $200.
So a factor of 10 the first time, a factor of 6 the second time.  Now we peaked near $20000, so a factor 10 gives us $2000, a factor of 6 would give us something over $3000, but we also see that it gets less severe.  

It should be around $9k at the worst. Perhaps the price would go down to $8k for the short term and then rebound back up to $10k right now. I still see $10k as a floor, and it'll be hard to break it completely. Of course it is possible, but not likely.

I'd say that instead of trying to time your bottom perfectly, probably just start buying now bit by bit.

Bottoms are impossible to predict since you never know how much FUD and panic is going to be there. But it'll be easy to predict the rebound that comes after the bottom. And we're already down 50% in like 1 month, it'll be hard to go down more in the short term.

For me, the bottom is still 0(zero). If you will get nothing, that is the bottom. But if the price is still has a value, it is not the bottom yet. Because it still has the chance to get high and make rise again. Just be responsible to yourself and not to be on hurry.

In every info that analysis always are saying it can be $9000 mark value, We had reach an all time high of $19,000 that is why it is safe to say that the safe zone will be around $8500 mark in my opinion but we can not predict on the exact price it will dip, but when that time come I think bitcoin will be ready to take up the momentum and are ready to reach the $20,000 value.

I don't know how you can say that.  Historically, bitcoin went down already a factor of 10 between 2011 and 2012, and a factor of 6 between 2013 and 2015.

Looks like most people are in despair Phase already. Bitcoin is death part 260 or so. Future looks bright  :)

Other than some government's regulations on crypto currency, crypto people are focusing into switch their investments from bitcoins to some other altcoins. This plays major role why bitcoin prices are falling down whereas some coins are gaining momentum. Honestly, I'm too looking for some positive news for bitcoin ecosystem which will be the only savior to make bitcoin prices to bounce back. It may be implementation of lightning network or adoption of bitcoin payment system by any market giants. I want it to happen well in advance before market sees some worst situations.

I don't think that bitcoin would go down to $10k, especially now that South Korea already made decisions to allow cryptocurrencies for as long as they will indicate their real name so they can be taxed and not having a chance to avoid it, and for me it is better than banning or disallowing bitcoin in one country.

Obviously right.If the Bitcoin is banned in South Korea means,it will purely affect the bitcoin price.The decision made in South Korea is to regulate the Bitcoin and make some taxes from the people.This will surely increase the price of Bitcoin,I had expected the price will reach the bottom of 8500$.

I will not be the bottom. I will keep your coins at any price. In the future bitcoin price to rise necessarily. Now is the time to accumulate coins. I have a main job. It helps me to cover the daily needs. I can wait for the price increase of bitcoin forever. People very much focus on the price of bitcoin. This only reinforces the panic.

$9,500 will be the bottom for this year, I guess and when it goes back the price will rapidly increase again just like before.
$9,500.

That is really a good news to hear about bitcoin, hope that this will give a new hope to bitcoin, we can expect some good news about bitcoin which will surely boost the bitcoin price and hope that very soon we will see the bitcoin price trading above 20000$. I think the current is the best time to invest money in bitcoin and get a good profit after some time.

The bottom SHOULD have been $10,000, but the Tether news have made a lot of people lose their calmness and sell like idiots, this has broken the $10,000 psychological barrier and now we don't know where the bottom is, we can only guess that former resistance lines will be tested. I wouldn't bet it going lower than $7,000 because it wouldn't be pretty. But look at the bright side: we will have another chance to get more BTC.

Remember: They are making more fiat, but they are not making more USD. Choose wisely.

Hope we will not see it, but if Bitcoin reaches 7 thousand it will be a dramatic event. I am waiting for its growth.

Based on the current circumstances, the basis for my current $9000.
Well, I also sometimes ask myself when things like this will pass and bitcoin be the winner again like some time ago. With the current FUD still, I do not think the bitcoin will come back again quickly

Bitcoin may go below  $8,000 before we can say the end is near as many investors are panic over their investments because some buy there coin around  $17,000.
If bitcoin go below  $7,000 then bitcoin might go below  $5,000 and this might be the bottom. I think the current dump is because of the fud created that Indian governments is about to banning cryptocurrencies.

In my opinion, it will not going down further till below $7k, I think it will be the bottom at $7k - $8k seems.
At this moment, I think it will still continue got to declining, and if the price at $7k+.. I think it could be a good time to buy.
But anyhow, I'm just guessing.. good luck to everyone, hoping all of us will gain profits in any circumstances with a various efforts that's not just investing only.

I also hope for that but bitcoin really go in dip as it touches $8400 and maybe I can see the $8k as its bottom and will recover itself gradually.
Obviously, bag holders now somehow worry about their big loss but I'm more positive that they will not let their investment turn to trash so after this crash bag holders has something up to earn again their losses so we should better watch for it.

my prediction is also will survive in $7k, if down under $7k I think many people lost confidence in bitcoin, because it is too risky in increase and decrease.
and while touching range of $7.5k may indeed be the right time to buy, I will try to buy and hope that rebound to $10k.

I was waiting to hit under 6k but for now there is a huge support around 7-8k level.
So before breaking the support line i will think the bottom is 8k for now.

I've held btcs since it was at 500usd. I believed that it's something worth putting my money on so i'm hell bent on riding this storm. I've seen this happened before and i've been worries and anxious as well in the past when dips like this happen that now, i just try to find other things to keep me busy until this red season is over

The bottom? I thought it was $10k before,  but now I think it might hit $7K below.  For whatever reasons behind this decreasing price, I'll wish that it would be the best sign for the bitcoin to hit above $20k this year.

I don't have the bottom defined. I don't plan to sell no matter the price. I know this looks very bad to some but remeber that volatility is not something you can influence and that Bitcoin price can change very fast in both ways, much faster then before, so how now is rapidly falling it could also start to rapidly rise.
Anyway, I'm not worried and just can say buy if you have the funds.

For me i guess 7k or 6k is the bottom. Because it will continue to collapse on this moment as i see the red tagged from the market or maybe it will continue to crash until the price goes down to the cheapest valued.  But i am wondering why until now i don't see any end news about bitcoin around the internet , is there a chance that the price will recover after this worst circumstances ?. 'cauwit seem this volatility didn't stop since when it started.

As we can see the bitcoin price is close to $8,000 so I think $7,000 to $6,000 is the bottom or maybe less than that, and I think it's because of the number of critics being railed against cryptocurrencies like bitcoin  they are spreading false news. So i am sure, this circumstances  will last but I do not know how long. Waiting and be patience is only we can do by now.

I'm in since they were about $600, but although everybody says this happened before and then it rose, there is no guarantee that it will rise this time. Just because it acted that way before doesn't say that it will again. So many governments etc don't want it to succeed. Wish I had sold enough at least to cover my original investment.

I think we just hit the bottom around 7500usd.
And price jumped suddenly to 8800 usd. So this will be or must be the bottom. otherwise we are all going to cry

The bottom price of BTC has been reached at around $7.9K and I believe it is a strong support and we may go to a reversal. The bulls will seize this moment to buy at a discounted price and they could also set another bull trap upon reaching $9k which could re-trace to another support at $7.5K.

I'm not the first time already raging the opinion that the whole Bitcoin market is dependent on some people. Thus, I believe that the exchange rate is always artificially adjusted according to a scenario that is advantageous for someone. We are little pawns in the world to crypt and get our crumbs from the table.

I think the lowest value we could see is 4k we are not far now that the price is at 8k but were going to need even bigger and worse news for bitcoin to reach that price and I do not know if there are news big enough to push the price that low, but even at that point I will keep holding, bitcoin will need to go way lower than that to make my doubt of my conviction to hold.

I honestly don't know about 4k being the lowest. A very well known analyst predicted a decline to 1-3k USD and as events unfold, I am beginning to believe that it may actually happen. We haven't seen the end of it yet.

Hold your horses :) whales are already all in :) the billion dollar industry which has wiped out are in usdt :) which are lovers of bitcoins somehow :) BUY THE PANIC SELL THE NEWS :) NEWS IS NOT MUCH while the panic is alot :) Buy the panic and reap the rewards :) Its the best dip you might not get it :)
PS: Put what you can afford to loose. I am all in though :)
10K would be today or tommorow forsure.

Im waiting till next Friday to buy this dip with my paycheck

There is no bottom, there is no top
enough momentum could take btc to 100k

or the opposite, it could go to 100 dollars, if the true sets in with more bad news.

Taking previous crashes into consideration, my bottom is 7k. Bitcoin has never gone below 1/3 of all time high previously. Not lower than 7k, for me. :)

We were not even expecting that the price will come down to 7k, but as anything can happen and even the price can get lower than 4k, therefore i cannot reject the possibility. But can only hope that this will not happen and i think that currently we are in the bottom of the price and hope that bitcoin will not get a good support from its investors and now bitcoin price will get starting accelerator and very soon we will see the price trading in a higher price.