Bitcoin Forum

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts. 

I agree with you, but not because of the reasons you stated (adoption and competition form alts) bitcoin will continue to slide lower this year and will hit $2000 a piece. The next rally will tke place after the next block halving in 2021

I think worst case we'll see a double bottom at around USD 6,000,- but I'm actually a bit hopeful that Bitcoin will be able to hold the USD 7,000,- to USD 8,000,- levels. Then again I might be a permabull.

BTC dominance is up again from 3x% just a couple months ago, so I doubt that alts are much of a factor.



The next halving is 2020. Unless you meant to say that the next rally will happen in 2021 after the halving in 2020, in which case I apologize for nitpicking.



Shhh, don't jinx it!

I second that. While some of you might see it as sluggish, it actually confirmed the bottom at 6k and the next wave red candles ended higher, at 7200. When there are 2 huge red spikes and each of them stops at a higher level it confirms the bottom and starts forming a clear uptrend. As i'm writing this a decent green candle has formed at 7800. Could that be our new low support? :) To me it looks like we're getting closer to a breakout from the 8k range.

https://i.imgur.com/9d1ShwN.jpg

I promise you the price will be in the $2000 region by the end of the year

What’s the fuss? It can be down possibly, but it is unpredictable. Why not focus all the energy to spread positivity, does this speculative views of yours will help the investors in good reason. I don’t even think it is even in the right section. It’s bitcoin discussion barely, but it’s more on speculation. My capacity of thinking negatively is limited only for a certain time of the year, that’s why I’m not a fan of all this.

When bitcoin prices drop to $ 4000 we take on the good side only, in trade all is an opportunity, and when the price goes down and that's where our chance to start buying it.

you will find that there are many layers of resistance points

mining income resistence point remains at around $8k (this is based on actual cost calculations not numbers picked out of a hat)
https://bitcointalk.org/index.php?topic=3140327.msg32495804#msg32495804

day trading resistance point based on 6-12 month month lows.. is around $6k+ ($6.6k at the moment)

so take that info any way you please

but i do like how many grab a random number but cant back it up..

Many predict November to December bitcoin will increase. some of the factors that influenced him were new policies from various countries over the response of the G-20 meeting.
this is positive and blockchain technology is likely to replace the financial system in the World.

I am not familiar with this since I am just a new in this industry but I believe the coins and tokens will be at its huge growth in mid year, I dont whats with mid year but I think the industrializations start with that months up to the end months of the years since investors were gaining speculations that it will be better in that time to invest. I dont have the guts to say any negative thought about cryptos since this is very helpful thing to me.

Thats the thing. Not only is bitcoin predictable it is VERY predictable.


I am being very positive when i tell you that bitcoin will fall into the $2000 region by the end of the year. Does the phrase "buy low" ring any bells?

Bitcoin will continue to fall lower in price through 2018 and 19. It will then go sideways throughout 2020 (the year of the next block halving) then it will rally again in 2021

this market is for long term players not short termers who can only comprehend upward price movement

Empty promises? Do you know why we are where we are now, and not at $2k? Because of Japan and Korea. So what you're trying to say is there will be a ban in Japan, a ban in Korea, and everyone who bought last year will sell. In reality chances of this happening are very slim, especially when compared to the chances of BTC remaining in the 6-10k range. We can always make a nice escrowed bet if you're so sure we'll see $2k this year. ;)

Bad timing ??  you think today ( the last few hours) is the big turn around in a three month downtrend lol, guess we will see eh.

as far as market dominance I could argue BTC has lost 55% of the market since 2009, not to mention the overall market cap has been reduced from $750 B plus ( in Jan) to just $310 B today.  Alts like DASH have a well established foothold and preferred in certain countries,  MONA is a country specific (Japan) store of value coin that could dominate a region and upcoming KaratBank Coin KBC is just an example of more competition for the store of value market.

so until another sizable economic country adopts/recognizes cryptocurrency as a legal financial asset I will stick with 5k

 

I don't think your prediction will hold true but I do like your line of thinking regarding long term perspective and buying opportunities. The crypto ecosystem may look different but the fundamentals haven't changed.

Since Bitcoin often came close to revisiting previous ATHs after the respective rallies came crashing down (eg. from USD 270,- down to USD 80,- and from USD 1,200,- down to USD 300,- -- forgive the rough numbers) your estimate of USD 2,000,- would fit to historical observations. Still I think that given the duration and resilience of the recent rally things may be different this time (as much as I hate uttering this phrase).

It can happen but I am not agreed with you. I think bitcoin will go down to 7000 USD, not 5K. But, one thing that, Bitcoin market is suffering too much and the market may be not stable very soon. I think 2018 will be the worst year for cryptocurrency where 2017 was a golden year!

To say bitcoin is going to 2000 or 5000 basically you are saying bitcoin will not just correct but it will crash that is what you say. BS

When it comes to predicting the price you HAVE TO use technical charting to back up your comments. Bitcoin touched bottom of 6000 then 7200 and not it was 7900 and it just popped up to 8200.So the Double or tripple bottom clearly shows it is going up but many of you have no patience.These things take months to move.remember in October 2017 about 6 months ago btc was 5k so in a half a year we are up 60% try that with the stock market!!

Why dont you people see the cup as half full instead of always half empty??

I believe that bitcoin price will rise up and lead all cryptocurryncies all over the world. Nothing can defeat bitcoin even its price get low.

It's true what you say, that bitcoin now still has a chance of falling around the $ 5,000 price, and I'm very happy when that happens and I'll wait at the price you mentioned to buy bitcoin and hold it up to go up at $ 50,000

It is not true it is just his opinion.Do you know what true means?

TA is worthless, this is not the well established stock market of which I dont even use TA then. This is still an emerging currency which just saw mainstream influx finally which was why the rise and what I had been waiting on. Well thats gone now so other targets cant be set until a wider acceptance by countries happens. In other words there currently is no reason for BTC to trend upwards.

Dont want you guys to think I am a negative nanny lol .. Im actually quite the opposite, Im also not a basher I believe strongly in the future of crypto currencies. However Im also an investor which makes me a realist I buy and sell all assets based on a lifetime of experience.   

That is not true, there is reason for bitcoin to go up.It is called supply and demand/Bitcoin only has 17 million coins in circulation and for the 7 billion people on the planet the supply is limited.

Bitcoin was designed to go up!

The fact that it is limited and the world has more and more users getting into it means the price has to go up
Supply and demand science at its most simple

I make a trend about Bitcoin also but i think it will go down to 6k$ not 5k$ like yours but i respect your ideal because we're giving the analysis and only time will tell who is right and who is wrong.

I do not think so . When price was crashing down I really thought that the bottom will be at $4,000 even though I know we have a strong support on $6,000. Just to clarify right now we are not trending down but now the price are moving sideways I do not think that we will even hit $6,000 or if it does it will bounce up. 
For the reason you mentioned I do not think that it is about the competition about alts. No altcoin is even close to compete with Bitcoin.

I do not think that we will drop as low as $5,000 in this cycle, the price is in a loose range at the moment between $7,300 and $9,000 the recent year low was $6,300 and it rebounded from there very quickly. A recovery is taking far longer then most people expected but I think the worst is already past.

I think it will not go below than 7000 $.  Rest is unknown after all its crypto  :P very much unpredictable ....

It doesn't seem likely that bitcoin will drop that low in this market but if there is one thing I have learned anything from investing in bitcoin, it's that anything is possible and the prices can go anywhere from really high to really low.

I think Bitcoin will rise up to $8,000 upwards, because the current negative issue about Bitcoin is almost faded. And weighing the diminishing coins I think Bitcoin will continue to rise. My advice just hold your bitcoin and wait for the benefits of folding. of course, it must be patient do not rush and panic sell with your Bitcoin.

I think that it will continue to go down because to many people selling their bitcoin due to panic selling. Theres also a huge impact when mt.gox sold their big amount of bitcoin in these past few months so thats why the price is still down. But I don't think that it will go down to less than $5,500 because I believe that  many will start buying again while bitcoin price is down but bitcoin is really unpredictable so Im not sure if it will go down less than $5500.

yes that is true but lets face it the demand has fallen off for now in the overall market. BTC being first to market, having the name and finite by design are all good reasons for continued dominance and no doubt it is the king for now.

Current Crypto market cap $ 297.44B  /  BTC market cap $ 134,677,354,228 = 45%

yet the market itself will have to grow and at this time its barely holding its own. Its more likely IMO to downtrend a little more ( not a crash) until further positive developments. Thats just simple to me also and once again not bashing I love crypto, it is the future but just like the stock market you want to ride the best horses in the race. In the past GE Westinghouse IBM and GM were kings of their domain, however today its Sony, Samsung, Honda, Toyota and Apple.

I like the comment on the negative issues fading, I agree. Reminds me of the old show "Growing pains" its just part of the evolution of cryptocurrency. As an investor you have to set realistic short term and long term goals based on facts and of course some speculation. If it were easy we would just all invest with a software program predicting the future.  any way good luck in your investments guys and thanks for all the comments including the Russian guy :)  I will be playing FarCry 5 most of today but will come back now and then

I don't think soo in my prediction btc going down to $7000 and will stable price around $7000 to $9000  but i have a hope atleast btc will hit $15,000 again in may

I think bitcoin will continue to decline and will soon reach $ 1,000 apiece.

No way Bitcoin will drop below $7500. On the contrary, the price will soon reach 12K in a few weeks. The price is now in a narrow range between $7500 and $8500, because there still is some FUD about ICO's that are scams and exchanges that should be regulated and so on. Hopefully this will soon be over and bitcoin will increase again.

in my opinion, bitcoin will soon fall to $ 3000, but by the end of the year it will rise sharply to $15,000

You could be perfectly right.

Realizing right now that this is a perfectly possible scenario, I am wondering what I would miss the most: the fiat money I invested or the great times I had since discovering cryptos.

I can see the trend and seen that the price being sustained at this range is awaiting a major break in an upward trend or a lower trend. I fear for it to break out down further. There are really a lot of factors working against the Cryptocurrency rise at this periods but soon, there will be a balance too.

Before I could not believe that bitcoin prices would continue to fall by less than $ 7000, but when looking at the chart that death cross is already formed then I believe in speculation the bitcoin price will touch $5000 to $3000.

I think that if we keep getting bad news around the market, prices will most likely go down more... We're just going through a rough stage but eventually, like it did in the past, things will go better. We just have to wait and see.

For example, Binance seems to be opening offices in Malta and partnering up with a bank to offer fiat-to-crypto services, which could be huge for the whole market.

Read more about it here: https://cryptocoin.news/videos/9799-9799/

I think it will too. Cryptos seem to be hit with bad news all the time.Long term I can see this going up so ill be investing more if it hits that level

Maybe but I believe dreams come true  :D If it is the price in 2020 that only matters to you, Don't care about the dumps in 2018, you will be richer than today in the next years.

Anything is possible in current scenario as price is dropping now on daily basis and we haven't seen any growth in the price of bitcoin but that downfall would be temporary and we will see increase in the price in next few months so better to hold our existing coins and if you want to buy then you should wait for a while as there is full possibility that the price of bitcoins will go back to $5000 in coming days.

i dont think we will reach that low point back to 5000$
But if we reach back to such low prize its a good opinion to buy in again !


regards

That seems too low and the reason for that is if you think that bitcoin is going to settle around those prices then that means that at some point bitcoin will probably need to go close to a price of 3000 dollars at the lowest point of that dip and that seems incredible unlikely, I do not see bitcoin reaching that price because I think if that happened then everyone will invest all the money they have in bitcoin right away and it will shoot the price up once again so it seems the range in which bitcoin is trading right now is the range we are going to see for a long time.

It is hard to predict market of bitcoin rising,
maybe bitcoin go up allot in price value or
maybe the price will fall a bit lower than $5k.

That really expected. Bitcoin's market value will surely fall even more but the thing here is that, we don't really need to worry about it. Don't mind the dumps and focus on investing into Bitcoin. I do believe that this will be a huge opportunity such that once the market price starts to recover, huge profit will be earned from investing at times like this whereas its market price is still low.

yes that is the problem, Futures were not friendly to BTC other than letting wall street know hey we are playing this thing.  The good news is I believe eventually the good ole USA is going to surprise  the rest of the world and accept cryptocurrency as a legal financial asset following Japans lead. If for nothing else they want their finger in the pie being able to generate tax revenue.

This would be the shot heard round the world part 2

From what i have seen it's fairly hard to predict the markets.

Mostly due to outside influences or influences that can't be forseen - The china ban for example.

Tomorrow the US could ban it, the price will drop hard. No control, no way to tell the demand or acceptance from the market.

Well if this continues well indeed we might see 5k again but for now i think the support is still very hard on 7-8k at the moment despite all of the pressures not just the government and also, google , twitter and facebook by banning cryptocurrency ads on their respective platforms. Googld thing i already sold my bitcoin before this happen and i think holding is not recommended this time

I still hope that bitcoin will still have higher chances to grow more in the next days.Bitcoin is a very volatile one so we cannot predict the definite time when will it pump or dump so much better if we focus on our investments than worrying on the market price dropdown.After all,we are looking forward for our profits to be gained so we should keep on moving.

This is really expected for btc to go down. As expected, more fuds. Fuds here, fuds there. This is our life now. I don't really know why people wanted to dump btc all the way down. Don't they want btc to improve itself.

If your reason for bitcoin price is because altcoins competition, why altcoins price falling too ?
it should be only bitcoin price that falling. but it is still possible to occur that bitcoin will go to price around $6k.
just like last february 2018.

The price of bitcoin drop because of so many issues that must need to be fixed. Many people are making FUD because they want to break bitcoin and many countries today do not want the crypto currency so the price of bitcoin is affected. But I believe that all of these can be overcome by bitcoin.

#Datarius

I'm afraid that if bitcoin will go down to 5000 a lot of general investors will go out of crypto and will loose their trust in it
the most bad thing in it - is loosing the trust. to gain it back, the market will require a lot of time and huge margins..

Given the volatility of cryptocurrency in general, is it worthwhile to try using options during trading? Particularly, the long straddle or long strangle would imo be ideal to profit during large increases and large decreases. Note that this way you wouldn't have to actually "own" the cryptocurrency.
I'm hoping for 1k! It goes down 1k a week it seems like so we got 6 more weeks to go! I'm holding what I have too and I'm super happy people are selling.

Altcoins indirectly bond to btc mainly because the funding uses bitcoin and also Ethereum bond with bitcoin. There is no competition as the market cap for each coin always growing and not decreasing.
Actually speaking from my opinion, this bearish market will eventually ends, this bearish market seems huge becaue when we're on bullish market, the price increase so much that it's becoming too dangerous.

If it breaks the support level 7200, and 6000, I'm sure we'll see 5,000$ again. The market is still bearish we cannot rule out that possibility. In this market, good traders will make a lot of money, holding is not a good strategy anymore. Someone say for sure that BTC will never below 5000$ is just fooling themselves like they said BTC will not below 10000$ when we're around 18000$

Because the market has become saturated with Alt cryptos taking 55% of the total market. If there were no Alts investors would be all in BTC which increases demand and price.  The over all market is down because profit taking moved to other investments so overall demand is also down.

Those alts are going to be shut down with time. Recently 82 coins were closed as no one showed interests in these. I think we will have only 102-20 coins finally and all of them will have some unique aspects. Bitcoin will still rule for next 10-20 years.

yep I think 80% will die off and the cream of the crop will fill niches from hard work, need and perseverance building a reputation. A question was brought up to me a while back that is really interesting. It would take a techie like Lee to answer maybe I should ask him some time.  But it was, just as we have forks from a block BCH from BTC as an example...  is it possible the tech from the forks could be consolidated back into the original chain in the future ? 



   

Yes, ofcourse there is really a tough and increasing competition among the bitcoin and other altcoin.Even we expected the downtrend to end and thought that the uptrend will start soon but it never happened and I think it will not happen for now. And right now I think there are high chances to touch the $5000 price level soon and if you follow my advice if you are holding bitcoin then better sell your position and then buy again if the trend gets started again and it is better to search for some other crypto coin for our trading and investment purposes.

That's possible it is slowly slipping to that level there are more days now than green and we will wake one day that it is on that level, but if ever it hit to that level I'm sure whales are going to take this opportunity to buy more, newbies or late investors are the ones selling their shares.

Everybody is hoping and expecting an uptrend if there is favorable reason to think so. But I don't believe it will slow down and going low till 2000 usd per bitcoin. Let's just watch the market to get back on their feet. We should not just rely on chart reading because in cryptocurrency world it is different market sentiment.

I also think that bitcoin will drop, but I think that up to 6000 and it will go up sharply to 15,000

I don't think that we will see anything under $6000 this year. I'm surprised that many people are selling their BTC due to FUD. If they don't stop, we might actually have a problem. Panic will have to end at some point and the question is, when? There isn't any particular reason why would Bitcoin drop any further. Governments that participated in G20 are positive about Bitcoin. Most of them don't want to regulate cryptocurrencies heavily. You are all too impatient. Are you here only because of money?

I do not think that the reasons that you named affect the price of bitcoin, definitely.
We can not predict the price that will be. It can go down to 5000 (as you said), and can rise to $ 10,000. We need to assess the situation that has developed at the moment.

Thanks frank for that formula , u just show a different perspective to the people around here who usually just use fundamental as their primary analysis technique. Worth to try. I do believe the support are on $6k for now , would hard to break it and the resistance changed to $7.5k or so.

I agree with you, but not for this reason. Speculation is the real reason for the price to have ralled so much in 2017 and now to crash land so badly in 2018.

I think this is one of the worst ideas. If you think that you think better, I think it will soon break out. It will surpass last year's currency and reach a new height. I hope so. ;D

It's quite possible that the price will drop to $ 5,000. If the bear market continues to dominate, there is little chance of a rebound. Too many people lose patience and sell. And this has a bad effect on the market.

your reasons are invalid so your prediction is even more invalid. so even if price does fall down to that level your prediction is still worth nothing.

first the adoption world wide has been growing non stop. the only thing that has dropped is the adoption by speculators or in other words the number of newbies who buy bitcoin to become rich has decreased.

second there is no competition from alts! if there were, we would have seen something above bitcoin or at the very least we would have seen an altcoin which hasn't gotten dumped hard in the past few months. do you see such a thing? didn't think so!

Every person in this field have his own thinking but not the thinking of all person will be perfect because the main reason is that this is a type of fear and also experience for many people .
Here my opinion is saying that you will be wrong soon because the main reason is that here in this field most of the panic seller get exited and now it is a time for us to hold and wait for the new positive news regarding about bitcoin , so it will be better for us to wait for the perfect time and just hold your assets and be ready for the incoming profit in future .
My strong believe from my personal analysis is that bitcoin will not go down for now again , because no more panic sell will happen in this field .

Yes, I think that will happen soon. Now the currency of the price is $7500, but it has stopped falling and yao, I think it will soon reached $5000, many people will become panic and choose to sell the currency, it will speed up the currency price of $5000, this will make many people panic

I like your answer, and i agree with you because in this high competition world the bitcoin journey is really going to tough as you said. We need to learn technical analysis first and then we will try to find the end and start of the correction by which i can easily find out whats going wrong with bitcoin and other cryptocurrencies. I also think that here there is lack of fundamentals by which we cannot examine the fundamental factors as we used to trade during the stocks and forex currencies. Kindly help me in learning the technical analysis, i have sent a msg, check your inbox pls.

Your guess may not happen. bitcoin has recovered. Investors are not too worried about attacks, so they have invested in bitcoin. This causes the price of bitcoin to rise again

The price of digital currency has increased steadily in recent weeks. The virtual currency market has recovered from fluctuations throughout the world. I think bitcoin will continue to fluctuate in the future

in 3 weeks there has been no good development and buy support, I think it could happen but I still see in the next 2 weeks to see it again

I guess you are right bitcoin market price will still fall down up to 5k usd. This is not surprising though there are many smart investors out there just waiting for the right time and being ready to buy for a couple of btc in low amount. Other investors especially to those who are new in this investment will be scared off and probably will going to sell their btc. So as not to compromise the bitcoin fall down of price this experience investors will come to put an end especially if there target bitcoin low price will be achieve then it is a matter of time that bitcoin price will move again and will raise its market price.

How are you ppl enjoying todays price ? :)

https://bitcoinwisdom.com/markets/bitstamp/btcusd (https://bitcoinwisdom.com/markets/bitstamp/btcusd)

Remember what I said, the price will fall to sub $2K by the end of the year

I don't think so. Now that the price of bitcoin has stopped falling, I think it will soon start to return to normal. We don't have to worry about bitcoin dying. Now that the entire encryption market is falling, what we can do is continue to wait.

It's just a hunch. No technical analysis can't predict the rise and fall of Bitcoin. I don't think it's going to fall below 6,000 $, but that's my opinion.

Only if Japan bails

Why are you scare if that will happen. That is the good time to buy more bitcoin if the price reached the 5k mark, slow addoptions and regulation about bitcoin has a huge impact to its value, the only thing we can do right now is to hold and believed in bitcoin.

Bitcoins will not go down to $5k dollar because there are still a lot of people who are keep on holding their coins more than selling it due to the price in the market that keeps on decreasing today so do not worry about the price that is decreasing because soon it will still recover.

Never said I was scared lol, I sold out of all crypto when BTC was 12's thus capturing profits.  Bitcoin has dropped another $2k from $8,700 since I made this post just a week ago.  I mentioned a psych level of 5k because that is the only thing I see that could slow this downtrend.  If it doesn't hold $4,500 ( bounce off of) for more than a week there could be another collapse to $2,500 area from fear. Many used technical analysis thinking it was rebounding off of $8,500 well that was a big loss for them if they bought in proving once again TA is a load of crapp sucking in the hopelessly optimistic just like the stock market.

Like I stated previously the whole market wont be going up until there is a reason to go up ( a reason for big money to invest). I love crypto and believe in its future strongly but when the train is coming off the tracks I move on. 

Yes. Its going down. More than 5k. We are gonna hit 1-2k. Get your money into fiat asap. Even professional traders are recommending this.

Make sure you do understand all of the price manipulation going on. There are many upper hands involved right now. The market needs to basically bottom to near $0 and reset with proper rules and regulations.

I don't think that we are going to hit $1-$2K. Yes, we can get our coins to fiat and then what? Those professional traders that are recommending are those who wants to bottom so that they can get it a a discount. I mean if its $2K, do you think it can still bottom? There are a buy support levels at $4K-$5K so I can't see that it will go that low.

If you have listen to those so called professional traders than I'm sorry that they are all having a good chuckle because they have played you very well in believing that bitcoin can go that deep.

     for me, It maybe, or it will be not.It depend upon the market flow as a small contributor in this type of business we must contribute either.
     If it will be happened. Just wait and let the big fish play until price will back..

In my personal opinion, $5k price range for BTC is possible if the major support at $6k buy wall has been broken. I think institutional buyers are really attracted to that price level which will make BTC be adopted across the globe and skyrocket.

You are seeing those support levels on the books TODAY. Lets see 3 months from now.

And it takes more than a single person to manipulate the price. The manipulation is being done by very large organizations.

I can assure you I have been trading coins and stocks much longer than you man. And have enough experience to know when its time to get out of something. And it is time to get out, regardless of what anyone is saying. If you cannot look at BTC and see these last 60+ days have been horrendous, and you want to keep holding, by all means keep at it. I will ping you when it hits 5k, and then 4k, and then 3k, and then 2k. The interest will shift and by that time the crypto eco system will be much more heavily developed. We are only at the beginning.

People right now are just in the denial phase. When they accept reality and do a little research they will see that BTC right now would be suicide. Any large orders you see are hoping to catch a slight profit. But the support levels will slowly dwindle.

But nobody really knows. However, I can tell you 100 better places to put your money until this all passes and we see a good 30-60 of steady uptrend.

The writing is already on the wall for BTC going down to $5000 and no one new that known anything
about BTC is going to gamble ... err....sorry... "Invest" after the miners put the fees up to $55 per transaction.

I jumped out at $18,000 that was only days after the fees peeked and have never looked back as people
here were "Buying on the dip-------stick" and won't be buying back in due to the lightning network being
nothing more than a system of mini-banks and can well see two more zero's having to come off the number
that the OP has picked.

Remember people, I have a track record and I bet it's better than yours so buck the trend if you think you can
but it's going down as we speak.  

actually I am a professional trader but I wont give advise just opinions and let people take it from there :)

I heard a news that bitcoin mining cost 4700$ per bitcoin so bitcoin down 5000$ below they stop bitcoin mining.So i think bitcoin price stable on 6000 or above and get any positive news it will be 10000$+.Nowadays most of the investor was disappointed who brought 19000$ per bitcoin.

Hate to say it but the downfall of BTC could wind up being proof of work cost

I believe that Bitcoin is in the future only in growth, there is no reason to fall below 5-6 thousand. Those who say that it will cost 2 thousand are not right and then will cry and regret that did not buy 5-6 thousand)

 :D :D :D :D :D :D :D amateur

just because the price will fall doesn't mean that it will not rise again. That is what many ppl who are new here do not understand, they can only understand climbing prices, not falling.

it is like the waves of the oceans, night and day, hot and cold, summer and winter. This is the yin and yang of life. You have to learn how to go with the flow

people like you who only can comprehend climbing price would be terrible farmers. Because you will believe that it will be summer forever, and so you will fail to plan for the winter. This is what you ppl are doing when you assume bitcoin price can only go up

What goes up must come back down, and then up again, and then down, and then up again..... and then down... and then up again...

See what i did there? ;)

If your smart you will understand how this can be used to your advantage

bitcoin will fall to below $2k this year. then next year in 2019 it will reach its bottom price which might evn be sub $1k. In 2020 the block reward will be cut in half and the price will go sideways throughout the whole year. Then in 2021 the price will jump again by at least x10

we have seen this movie before

Let's put it like this: who cares how low BTC price goes, if you hold. I mean, of course it's a lot more fun when prices boost up, but as long as you don't have to sell (f.i. because you need the money), its price is completely irrelevant.

That's exactly why you should never spend more than you can afford to lose : it makes you immune to crises like these.

It's funny and unique, when a lot of people are busy talking about bitcoin going down without any apparent reason. fundamentally important but technically just a formula.
many arguments speculate that bitcoin drops due to over-priced miner transactions and many investors use altcoin and many other reasons.
give me a reason if bitcoin goes down, then it will rise again?

IMO too, bitcoin will not go down as low as to 5000$ or below, even though BTC is having a hard time to pump again it is not that weak to be dip that low. We all know that bitcoin has the potential to increase its price just wait for the right time. Even though the world adopts slowly to crypto at least we are still adopting to it.

I also think so because bitcoin price is falling down on this year.So it can be possible that bitcoin price goes down to $5000.It's already 6000 + so I think at the end of this month it may fall down to $5000.Bitcoin is in serious trouble now as it's price is getting lesser.

still hard to seeing that
many aspect that we can use as reference that bitcoin will not going under till 5k$
bitcoin are still using people as a transaction, the circulation still flowing and the price will keep steady upper 5k i think

Yeah I had similar feelings like you wherein it's a mixed feeling on one hand you will be worried about the downtrend of bitcoin value and on the other hand we still have that trust that bitcoin will recover like it did in the past.

I believe that bitcoin can go even lower, and I think this trend can be quite protracted and have a lot of nerves to the newcomers of the market, who entered at the peak. But it is worth remembering that bitcoin will thank those who believe.

6k would be least value correction as much my knowledge. There are people in this forum including me looking bitcoin to be skyrocket mate. Why traders and others expecting bitcoin to be touched the cheap value again.
There would be upcoming price bump in the market for sure, but expecting that bump should take all the cryptos flight again mate.

Altcoins are not really dominants at all - bitcoin is still number one and will always act as a gateway to the crypto world.
We need to understand that most altcoins are nothing more but overhyped projects, and the vast majority of them won't survive in the end.
Bitcoin race which happened in December was simply too fast - correction happened and then a chain of events/FUD killed the price even further.

Yes.If you trace it in the past history,btc price has touched much lower price but still it did come up with a new heights again.So its still a matter of faith in bitcoin.I know that it there is high chances that it will be going down more because of the negatives news around but we have to strongly believe in bitcoin that it will not really frustrate us in the end.

That's your individual assessment and you are free to express it, but you dont have basis for this claim and that weakens your argument. BTC will still go places

Yes this is what happens. The bitcoin is going up but it stopped short at the $6800 mark. If you look at the price yesterday it did a spike but lowered through the next six hours. Now it has done a price recovery. We can see it up to $6800 which is where we started in the current uptrend. This can be broken, so we could see a reduction back down to early Feb levels of around $5000. If we test the resistance there then we are looking at lowering to $4500 or maybe $4200.

I have already guessed that the Bitcoin price will drop up to $5,000 and I know this from like 2 months. And I see many incidences in this month happen which proves things just like today Indian government has declared that the citizens will use Bitcoin as a payment method and they have clearly told no banks or any services will be available in India which can transfer or deposit/withdrawal Bitcoin on their accounts. I am pretty sure that Bitcoin is going to reach$5,000 pretty soon.

I think that we're actually rock bottom now, in terms of price levels. After the recent pump, up to $7.450, the price has crashed again to $6.600-6800 and it's been stable since then. If you have a look back at the other dips that happened throughout the month, you'll see that none of them dropped any further than that.

Thanks for not just sharing your opinion, idea, hope, fear, "I think", "I believe" and "I feel" but really giving us some thorough vision and numbers.

I remain convinced that BTC price won't go lower than the real mining cost - as I posted before. If it does, however, I have no idea how miners will react. I bet it won't be in an optimistic way though.

That's certain mate, bitcoin price now at $6k and above stabilized towards $7k based on my montoring. I am also hoping for that day of skyrocket of bitcoin's price again, because I was stacked with my holdings for so long. Even price isn't that profitable enough for my goals of my alt holdings, it doesn't come to my thinking to panic sell those remain coins I had. The positivity is what I am always believing and it doesn't matter how the btc markets affected by volatile price, what is important to is I controlled myself. Right now that $5000 isn't impossible to happen, but it isn't for longer days and maybe for shorter time price will start to pump again. Let's prepare for it soon and just stay tuned for the recent updates.

I don't think we will reach a dip like that. Maybe we will stagnate over $6.5K/BTC. That's what i think. But yes, slow adoption and FUD from stop of google advertising are the main culprits according to me.

It is very scarring, the way the price is falling. But it has fallen enough and we just hope that it stops there and starts rising again, but that is not what we are seeing. At one hour,its becomes greeen, then at the next hour, it becomes red again. Anyway,people are still making money out of it.

I do not see any altcoin that has the potential to challenge bitcoin in any way and i could not see any alt coin making a huge rally when this market is down , the main reason for the stagnant market is because of the regulation talks being going on for a while and unless we have a clear picture people will have two thoughts before investing their money into this market.

No basis for my claim ? how about

1. weakness in the market
2. slow adoption from countires
3. on a three month downtrend
4. The new has wore off so to speak, everyone that wanted in is in now and has a crypto account or two
5. cost of mining vs other store of value

I posted the reasons just now but as for rise, BTC needs another sizable government/country to accept it as a legal asset. It is still king and the whole market is effected by its rise and fall currently. FOMO is over for now until there is a reason to rise. 

It's strange how every time when the price comes around 6000$ speculations about price going down under 5000$ begin. Everthing is possible, I don't say but to my opinion curently market doesn't seem like falling deeper down. Actualy I would say that price will stay somwhere between 6000$ and 7000$ for a while.

It is really unpredictable, as always that's why bitcoin is volatile. It's a quite a scare if that happen, expect the worst could happened but i believe bitcoin will rise back up from the dead, without a doubt. Bitcoin is gaining stable price so let's expect a great price few months from now.

Exactly. in bitcoin cryptocurrency nothing counterbalance what else beats the bitcoin. I dream of bitcoin will reach $ 50,000. all bitcoin lovers will feel happiness, without regret :D

The alt coins had really ruined it for bitcoins. Now all the crypto investment is scattered among all the coins and bitcoins is suffering because of this. We should have a limited number of coins so that more people are benefited.

Nooooooo..... I strongly believe it will go up!

well I had posted this when it was $8,600 to $8,700.  I hope it does stay around 6k to 7k but that news out of India isnt going to help

yes you get it :)  there are some great utility coins however that have emerged from this tech.   

Yes blockcahain can help goverment include stake holder to make all the system transparent.
Bank also already implement blockchain technology so no reason for us to ban or not accept blockchain as really good system.

I think now the currency price already very low, it will stop falling, I don't think the currency will be lower than the price of $6000, if when the currency price down to below $5000, it was a disaster for the whole encryption market, people will leave because of panic selling all encryption currency encryption market

For everyone saying that the problem lies on the rise of altcoins, sorry but I don't entirely agree with you.
Yes, it dissipates people's investment but does it ends with that? Wouldn't you look on the pros that altcoins brought to Bitcoin?

For ex. did you think ETH didn't bring attention or investments to cryptocurrencies? (bitcoin)

Come on people, this is a market. There is always an upward and downward trend.

yes for sure, even though many of these alts can stand alone I'm just speculating on BTC price for now and how that effects the overall market. I have no doubt this market will rebound and will play it as it develops

are not . It certainly will not drop to $ 5,000. I found that the bitcoin price fluctuated at a low level of $ 6,000. The market will soon turn green after prices have dropped to $ 6,000. Because this is a good opportunity for many investors to buy into bitcoin and its value will increase again. I have witnessed this happen many times this year.

I don't believe that bitcoin will gonna go down to $5000 as I believe that this second quarter and ahead it will go up and will eventually go high and will repeat the history from last year if we will just continue to become positive with it, it will come true.

So far current price is @ 6.6k+ close to your forecast and if ever your foecast is true probably majority of new investor who bought @all time high will sold their bitcoin to avoid bigger loss. so many are dis appointed for the btc price but the are lot also who are enjoying to accumulate at the curreny price.

Hello everyone, I think bitcoin will not be allowed to fall to 5000. Mineram will be unprofitable to mine bitcoin. People with big money regulate the market

Probably more realistic than the people who are predicting it will go to $18,000-$20,000 this month.

 :D

That may happen and the price can go even deeper, but I don't think that other coins can compete with Bitcoin.
When Bitcoin's price fall all the cryptocurrency market become a blood bath. Bitcoin is the dominating coin with 45% dominance right now.
Predictions are contradictive, some, are like you, expecting the price to keep falling, while others expect it to grow (expecting it to hit 100k$ before the end of 2018).

In a situation that is now quite possible on the market, the price will fall to the level of 5000 $. This is a hard time for everyone. However, I hope that this will not happen and the market will soon be green. But predict what will happen is not easy.

Yes it looks like because of the gradual decrease in the currency, even some other  coins are making it.

In my opinion it will still here and again go up but not in weeks may be in July or august 2018 as some decision is still pending by G-20 countries which will be discussed in June or July 2018.

great comments all, they are appreciated. you guys have a great weekend ! 

Personally, I think the bitcoin value will not touch the 5k mark. Because, the bitcoin value is proportional to the popularity. But if bitcoin and the market go down too long, it can seriously damage the confidence of consumers and investors like us. According to my guess, the bitcoin value will fluctuate at 5k5-6k in April.

I think it is really strange for Market players. their psychologies affect markets, and markets trends influence the players psychologies. that is how investment business works.
today's market is much affected by the incident in India, but the prices still don't fall deeper which means the price of bitcoin won't reach down $5000.
I agree bitcoin price will stay somewhere around $65000.

Yeah bitcoins have been down since so long time. From the last December, prices have been down and they are not reviving back. Like in the past, whenever prices for bitcoins have gone down, they somehow got managed to get back out of that dip. But this time, this dip has been so long that bitcoins have suffered so badly. People start losing interest so to keep all this charm, bitcoins need to get back.

I hope not.

Another wave of FUD's will happen if that happens and worse case is higher percentage of bitcoin holders could panic that history might repeat itself.
The strong hands will be left and I know that. Hodlers will stay.
But everything can be pulled down even with the smallest amount holder. With addition of FUD and false predictions it could end up getting lower than that.

They want to take away everyones Bitcoin. If you stop selling, you will realize this. Don't sell to the banks. The ICO's have been cashing in on suckers. They have been doing this again, and again and again. Taking your Bitcoin.

Well I personally think it won't be dropping down to as low as 4.5k to 5k usd. It might drop to 6k at max and then start going back up again. Currently, it looks pretty stable at 6.5k-7k and I think it won't be leaving this price range anytime soon, unless it starts increasing. But, if some fake news, rumors, price manipulation by whales occurs, it could drop a lot more.

Bitcoin has very volatile nature it use to change all the time but still it has allot of power and potential, bitcoin is going down so it is time to hold and wait till the price of bitcoin will be high once again, time never remain same, so wait and let’s see what happened next with our bitcoin, but I am really hopeful that price of bitcoin will increase very soon and this time price of bitcoin will go above 50k dollar same as was happen in 2017.

Your price prediction is alright but your reason for it is wrong. It's not the adoption rate due to which bitcoin is dropping in price but the correction that the market is going through after such a huge rally we went through for such a long time.

Have you seen the future sir? I mean you talk as if you are 100% sure that prices would really hit the 2K mark. Or are this remarks to create fear on holders??

The conclusion is this: the market is under the control of sellers. They are preparing to move to the level of $ 6000 per bitcoin. In order to discourage them from selling bitcoins, customers need to go through two levels at $ 6,900 and $ 7,140. I do not know what to do with them. You can only cross your fingers and beg the market to turn around. Only this does not work. I'm already mentally ready to break through the $ 6000 mark for bitcoin. After it, the road opens to $ 5,270.

Many of the crypto experts have made similar predictions about bitcoin prices going down to $5000. The possibility of that happening now is less than 30% in my opinion.

My thoughts are not in the same page that you are looking/reading since it was already three times that bitcoin has gone to 6,000$ mark but it never went down to 5,000$ as it rises back again when it reaches 6,000$ for the third time this year.

Thank you Mr. Marjil (https://bitcointalk.org/index.php?action=profile;u=1761931), your statement above is the rise and fall of bitcoin based on technical analysis.
I agree with you, because as a trader technically we must learn the science of trading.

However, my strange thought in december 2017 is a very high rise and does not usually drop dramatically to date, more important is bitcoin technology that is predicted to be the currency of the future should be ruled out by the game market?

well I disagree with that because adaptation of BTC by other countries increases the demand and as always in markets supply and demand are the reasons for price fluctuations.

I applaud your belief in bitcoin. However, the current market conditions seem to differ from your beliefs. bitcoin has tripled the price range of $6600- $6800, where it is the nearest support before the last pump in December last year and the price point is also a new floor for bitcoin prices. Several times the price point is also formed a double bottom pattern and maybe big bullish will happen soon when the pattern is already formed.

Yeah, nobody knows.

There were some MONSTER huge volume buys in the past 72 hours.

But have learned enough about btc and alts by now that when something like this is happening, alts are flying and we are up 50% in just 24 hours....good time to take your profits because a dump will be coming. And you don't want to be too deep into alts. As of right now. I do see a slump coming soon, but who knows. But I am quick and will react to how the market is performing.

so many things are going on right know and everything seems so blurred to me regarding the price range of btc, if the 9k is broken than it may go to 12k again but also the 6k pattern may get to the 4.5-5k level

I feel totally opposite of this. 6000$ will be the last dump point and it will bounce back from here. The support level at 6000$ and below is very high and also whole of the community is ready to buy bitcoin at 6000$ - 8000$  :)

I agree with you it will, but it will just because of reasons of speculation. Whales want to crash the price enough to be able to buy at a super-discounted price.

Well , there are small chances for bitcoin to drop at such a small price , he dropped deamatically at the neggining of this year , but just to 6000$ and after the drop grew up again to 8000$ and its remaining at this price for almost 2 weeks . Bitcoin could reach that value but just in the future , a couple of years a head becouse hes value is to big to drop so much in such a short time . Bitcoin shoulx start now to grow up and he should reach more then 15k by the end of this year .

Well it seems that 8k is the new support line now and btc is showing steady signs of moving sideways for a while. There'll still be many issues that'll go btcs way before this year ends but in general i think it'll be as good as 2017