Bitcoin Forum

Now a days BTC price is too much dumping. But I have little bit knowledge from my perception BTC has great future and it will be considered another magical world of present world. I strongly believe that, at a time we can not think anything without the presence of BTC. So my perception BTC will be reached new value soon so it is time to buy BTC at a deep value I think you will be the millionaire. So, there is no chance to fall down it’s price again at 5k.

I don't think there is any chance to fall down BTC price 5k again in this year.I think this year btc correction period is over,now time to increase btc price.end of the year if i seen that btc make new ath that will not surprising me.

I strongly support to your own opinion BTC correction period is over now so it is time to make new value because it has already too much popular among all the businessmen so its price is increasing at a high rate that can not be imagined by me.


 

Extremely unlikely. In February and March/early-April Bitcoin found the bottom of the market in the 6000 range. And now it has strong support at 8000. $5k is a long way off from current prices. Unless a big dip comes in the next couple of days Bitcoin is likely to never go under $8000 again, let alone $5000. And it seems we've gotten through korea's largest exchange being raided and another MtGox sell off all in one day and still managed to stay above $8000 so low $8000s seems to be the base support level now.

Yes there is a chance but no one knows when or if it's gonna happen again. There is no assurance about this thing because everythin is possible. I do hope for a better because I believe in the technology of bitcoin but I must be open for every possibilities with bitcoin.

We cannot say it wont happen because bitcoin is crypto and we all know that all possibilities are bound to happen. As a bitcoin user all i can do is just hoping always that the market in crypto world would always stay stable and improving its function so that the coins will all go up and keep going. But i would always stay optimistic on this matter😊

For now? I don't think so. Bitcoin is surprisingly being stable at the price of $8000 and $9000, probably it will be the start of its pump but don't expect that it will be that high. I think after that pump it will be going down for a while to cool down and I don't think that it will be going less than $5000, I expect it might go down at $7000 but not lower than that.

there is always a chance for a big drop out of nowhere, this in fact is one of the reasons why bitcoin is still considered a high risk investment. but the question is whether there is any indication of such ridiculously big drops in the future? my answer is no. we already had all the drops that bitcoin could have had. price went do $5900 even and couldn't last long thanks to the big buy support and the real demand that is increasing every day. and each drop was not because of anything serious but mainly because of panic sells and lots of FUD. for example this current drop is because Mt Gox related coins moved! it is not even a valid reason for the drop...

In cryptocurrency market there will always be an opportunity to reach the price, depending on the trends. Over the past few months, the price of bitcoin can only reach the highest price of about $ 11,000, and we always strive for more than that and we always find failure. If indeed this happens several times, I mean we fail the breakout and over $ 11,000 bitcoin prices will fall over $ 5000 even $ 4000, that's just my theory.

Not yet, anyhow that hasn't ensured that we will fail and the trend is certainly influenced by certain news that can affect many people from time to time and also affects the belief of many people on crypto/Btc.
I think no matter how much the theories or predictions., I'm more concluded, that it will not fall deeper, there will be many unknowns that can affect it will be more climbing because anyhow the cryptos will become more widely known.

Obiviously no one knows it will or not because the bitcoin price just moving according to the market situation so it is hard to predict about future.But in my opinion it won't go to that much down because already the price of bitcoin reached from bottom level of this year from $6000,so now the reocvery is started and the current price fall is like the correction of the market which always happening after the price increase.

I think that during this correction, bitcoin will probably be taken down to test its former $6k support.

I don't know whether or not $6k is going to hold up as the main support level, as strong as it seems. But I think if the market sentiment doesn't shift to more bullish by the Consensus 2018 event, there is a real possibility that we'll see BTC retrace back below $6k.

That's not to say that Bitcoin isn't a good investment anymore, or anything like that. In fact, if prices were indeed to go that low, make sure that you accumulate at these levels. It's almost comical that people aren't willing to buy at those dips with extraordinarily cheap prices when seen in the long run, but are willing to buy because of fomo during a rally.

We are all hoping for that, but the price went significantly down once again. I am sure we're all sick of this state of the market, but it is hard to change anything on this matter. I don't think bitcoin will go back to $5k but even going back to  $8.5k was a rather big surprise after a long period of stability and somewhat upward tendency. I truly don't understand what's the matter, since the blockchain is not compromised and there are still many supporters of crypto projects. Why any neg news lead to such huge price drops and recovering is taking so long.

The chance of a crash is always present. But i doubt we will see another fall to 5k.

The market seems to move in cycles. So while it is possible that BTC is going to move sideways for a few months (or a year) now before shooting up again, i don't think it will fall below 6k for more than just a few minutes.
Since adoption/usage/awareness is rising steadily it is even hard to imagine a sideways moving for several months.

While there probably won't be a heavy bullrun this year, i still think that the price is going to rise slowly but steadily (particularly because of increasing interest/awareness).
I am pretty sure of that if bitcoin hits a new ATH (regardless whether it will be this year or in 5 years), we won't see < 10k $ ever again..

Well never say never. Of course there is a chance we could go below 6k and reach for 5k.
But just because this chance or possibility exist, doesn't mean the probability for this to happen is huge.
Imo 6k is a very strong support area and that we will only move below it with some massive FUD.
But it's always wise to place some low orders if you're trader. You know when there is blood in the street and many people are panicking, the smart money is buying.

it all comes down to this little statement here!
there is demand for bitcoin and no matter how much panic sell exists and how much the whales manipulate things, this demand is not going anywhere. and because of that the price is not going to such low prices that easily. people want to buy lower and lower, if you tell them $5k they want to buy at $4k and in reality they will buy at $8.5k when there is a little drop and that makes it harder to go lower.

In Crypto platform all the coins are moving to downward it depends on the current issues know everything is solved so again Bitcoin and altcoins are growing slowly. In Majority of the investors are buying more Bitcoin so some peoples are creating the negative thoughts in Bitcoin this is the best profitable and promising platform.

there is always a chance for anything, even down to $5k is still possible
it looks like we will experience another episode of price drops to $7k over the next week or two
if at the end of May bitcoin price does not bounce back, it might slide down even further

Bitcoin price is so unpredictable and small news/triggers can have big effect on the price. I think we will get some more corrections this year, but probably we will not fall back down to 5k.

Ofcourse it is possible.
There are 2 main scenerios that it could be happening.
First of all, really bad news about bitcoin, something about a a way to hack the network would dramatically decrease the price of bitcoin.
Not only this, but also a fork would be able to hurt bitcoin dramatically, if a forked token is able to overcome the legacy one.

There's a possibility that it will drop further down to $5,000 but the question is when or the real question is that really going to happen? some people here speculated that amount of drops last February but the bottom was almost $6,400 this 1st quarter then fluctuates back to $8,000 plus so that speculation did not happen cause it bounces back right away but the $10,000 was almost within our reach but expect some crashes this coming 2nd quarter you may see the market staggering.

Well ever since i joined this party of cryptocurrency i learned that everything is really possible to think that few months back bitcoin's price was at almost 20k usd, it's just a matter of when and if.

everything can happen ,, you can just see the future bitcoin very convincing ,. but I still keep watch when the worst possible case that btc will fall more deeply, then it is required to hold the fiat in large quantities for the trade

I agree with you .Everything is possible in bitcoin as of now.But I don't think the price of bitcoin will move towards 5000$,if so the value is nearly half of this week maximum 9900$.I will sell my property and buy a bitcoin with that.I know,it is possible to buy two property with the same value.

Its nearly impossible, the price is stable at this moment and i do not think that it will go lower than this. Probably it can touch $8500 again, but it has been going up strongly during the last few hours. That is why i think that it is impossible.

If you have the means to buy bitcoins , do so now because there isn't any way it way come back to 5000 USD again. The least it could do is the 6500 price range. Bitcoin is anticipated to hit at 20,000 usd and thats where we all look toward to.

it seems like it would be very hard to bitcoin down to 5K. because now more and more are investing in bitcoin. because with so many who buy bitcoin or investing then the opportunity to bitcoin up keep it very easy if in my opinion

Actually it is not impossible if large whales decided to sell there bitcoins at any given time , I am pretty sure that there will be a series of dumps follwing that large dump which could easily make bitcoin price decrease , maybe much lower than 5k usd , Anthing can happen in crypto believe me.

oh well... it looks like my previous prediction is a little bit off :-X, the price is climbing up slowly
but there is nothing wrong for hoping another price drop, eh?
rounding up some cash now and going to buy at low price if the dips ever happens before end of May ;)

if seen from the current situation bitcoin prices will not fall below $ 5k. bitcoin prices will continue to rise, and will in my opinion will reach $ 20k price this year.

indeed the price of the end more decline than the rise. but I do not think it's going to come back to $ 5000. The price will go back up in the next few weeks, and now is the right time to invest or invest your money, dude.

I don't think bitcoin price will go down further to $5k.It's been awhile that its value stays between $8-9k.And I believe it is up again few days or months from now on.

I beg you ... The bitcoin rate will drop and grow significantly more than ten of times. We just need to wait for some kind of global financial news!  ;) 8)

Anything can happen. You can't be sure when it comes to bitcoin. Most people's prediction for last month are way off target even if it sounded realistic. Hopefully it recovers but be prepared to react if it does go down to 5k

Don't ever rule out the possibility that Bitcoin may fall under a certain level. That is just the plain and simple truth, you never know how low bitcoin is going to go during a bear market, and even if rationally, the markets shouldn't overreact and panic sell their coins during a dump, it's what they do sometimes and prices undershoot significantly before adjusting upwards.

I'm thinking that if we retrace back to $6k that we saw a month or go, then that support is going to get tested for sure.

If that level doesn't hold as support, then there is a chance that bitcoin can go crash down to $5k. Don't get me wrong, though. I'm a long term bitcoin bull, I'm just analysing it from a short-ish term point of view. None of this matters in the long run, since it's merely a part of a bitcoin price cycle that goes around every 3-4 years.

I am also talking about this that the price is now increasing and $5 is far behind. If bitcoin down to $5k it means that people have no more trust in bitcoin and many have withdrawn their money from bitcoin. Bitcoin is the easiest way of making money therefore more and more people are investing in it. Predictions say that the price will be more than $10k at the end of this year.

No it will not go below 6000 for a long period. But yes it will touch 5000 and will jump to over 6000 very fast
There too many buyers waiting around 5-6k levels and thiss demand will be a strong support

You are right, but large whales are think different in Bitcoin investment because any one whales selling more BTC it is down I can accepted but some whales are buying continuously in down trend time so both are compensate. Finally Bitcoin is always moving forward in future and some fluctuation also possible but never reach 5k USD.

To fall into the 5K value is really totally unlikely in my opinion,in this period indeed the value is going for a long enough correction from the beginning of the month to the present.Right sign that buy at this value is better cause two months later I'm very sure the value BTC will be higher than current dude.

there is always this possibility. you can meet it when thousands of people sell their bitcoin. or when investments are declining. but it is a small possibility. because mining costs can not be produced below 5k.

You do not need thousands of people selling bitcoin to have a major fall, big whales could make a difference too, Mt Gox certainly sold many coins in the past few months and they are the major reason for the crashes we are seeing every now and then, you cannot predict anything when it comes to bitcoin, i am not sure about the mining cost will be a major factor when it comes to bitcoin price.

Although btc is currently experiencing a lot of dumps but if you say the possibility to get down to 5k I think the possibility is not there at all. Well, new value. To the moon maybe? The current dump is just because of panic selling, and I never thought this would be back for 5k.

Historically, bitcoin has been doing well in October to December and I think the market is waiting for this time before making another high.  We are at the time of indecision and buying now may give us profits in future. Bitcoin going back to $5,000 is very possible but the time this is going to happen is what I did not know but I doubt this year again!

I strongly beleive that the price would not fall down at 5k again. Because the bitcoin correction period is end now. Its time increase, now the price of bitcoin is gradually increasing but not very much high. I hope this value increasing will continue in near future. By the end of this year surely the price will skyrocket. Buy bitcoin while its price is low and hold it for future. Once the price price will goes high it will give more profits than you invest.

There will probably no chance of bitcoin dropping below $5000 again because it will have a lot of support at $6000-$7000 range like what happened before it recovered a little from the dump. But as we can see now, it is dropping pretty fast and let's just hope it doesn't return to $6000 range again because we can expect a lot of FUDs again which is getting pretty annoying.

You have made this good build up for bitcoin but in the last part mentioning about a huge drop.

I believe that the lowest price bitcoin can have is $6,000 because after hitting amlmost $20,000 this is the saddest part bitcoin can have if it drops 1/4 f the highest reached.so. I will be counting sheeps until we cross $20,000 again since im in a long term holding for bitcoin

Not even just in cryptocurrency, but in everything, anything can happen. Why does the OP think that even for traders, there is the necessity of using a stop loss ?

That is the basic idea and it is not all about trying to figure out what is going to be happening in the next few days, because you cannot even know what will happen in the next few minutes. However, anyone who is trading will blend with trend and anyone who is holding should hold and buy lower for the future. Simple as that.

There is a chance to everything since it is a market and it is however the market wants to move that it is going to move, based on fundamentals and so on. Anything is possible; we may end up seeing $5k or lower, and in few months could even go to test the previous ATH. At the end, it is just the trend we are only looking at to know what is going to be happening next. Practically, there is just no one who can give you an answer to OP's question when simply the future is what no one can know.

Yes, many chance the price bitcoin will fall to $ 5000 or even will drop more than $ 5000. There are already many predictions who think bitcoin prices will rise in late 2018, but the story must be accompanied by various things. For 3 months the bitcoin price never gained $ 10,000, the bitcoin price always failed and only earned $ 9200 over the last 3 months. This is pointed out we are still in the downtrend zone, it takes some time to get out of the downtrend zone. If this continues over the next few months, bitcoin prices will come back down, $ 5,000 is too little for the frustrations experienced by many investors.

yes I think maybe it could happen because in every hour or second it can go down drastically, but I hope that in this year the btc price does not come down, because all also do not want the btc price fell again to 5k

Bitcoin price is depends on supply and demand of current scenario so it is hard to predict the future possibilities of Bitcoin.
I think Bitcoin is pump soon but we must believe the Crypto platform because some peoples are spread the bad rumours in Bitcoin it is reflected in Crypto market.

Yes it always depend on the supply and demand in the market but the tendency to fall back again to $5k are always there we cannot tell the exact time when this will be happen. I always wanted to buy back again to $5k but the situation are really hard even the price dp so high from the start of thia year.

No I think there is no chance because $5000 was the price of August 2017 and now it is May 2018. The price is increasing gradually although some corrections too but on the whole the price is on the way up and I feel that it will cross $10k in this year. We should think positive about the future of bitcoin so that more people take interest in bitcoin investment.

The bottom price is 6k mate and the volatiliy can't break that price since the last last month when it test the bottom price because of strong support . So its impossible as of now to go more dip ,unless if big holders keep dumping on this circumstances .but don't lose hope 'cuase your not late , if i were you accumulate now while the price is gradually decreasing then buy what amount you can afford to lose , just bear it always on your mind mate to prevent regrets.  'cause the market is very unpredictable and volatile so you must know how to control your emotions as well because that is the common reason why people always panic sell and regrets after.
 

They are some kind of prediction FUD's here lately and some articles circling around the internet that it will drop drastically to $5,000 below the thing is it's not happening in the present and some people predict it last February and that will happen around April based on their crystal balls, well what is the date now? another rebuttal to predict another speculation when the market is red, it never fails to spread that kind of FUD's that the price will drastically drop in the future.

correctly. especially now that already many people in this world who invest in bitcoin bitcoin advantage to pump the price continues to take care of at a high price

When the price reach out 9900$,I think the price will reach the new peak.But I get a shock,due to one whale the bitcoin price reduce to 8000$ and then due the holders the price reduce to 8000$ from 8500$.More whale use to buy huge bitcoin now.If they sell thousands of bitcoin,the price will move to 5k$.

If bitcoin price falls down to 5k it can not recover for a couple of years. I do not think such thing will happen because this would be catastrophe not only for bitcoin but also all of the altcoins. There are great projects around and I can not believe all will suffer.

Exactly this.
Altcoins won't let bitcoin to drop. It's all connected. And by the way the majority of predictions say that it shouldn't go down this year.

even if there is a price very far from the market price suggested by the vendor. With the drop in Bitcoin prices followed by other digital currencies, there is a chance that the miner will sell a graphics card that will cause the price of the used graphics card to fall freely. But again, digital currencies like Bitcoin have a very free volatility because of the price of the digital currency purely based on market demand without any set up. In short within a matter of minutes the value of digital currency that you have will differ greatly. Not to mention the news that almost all Bitcoin will run out "mined" in the near future.

Of course anything is possible in this market, so there's a chance that the price can go down to the $5000 mark. The last bottom we have is $6000-$6500 which we thought is never possible because the price grows to almost $20,000. But we already witnessed how volatile and sentiments can swing in an instant.


Yes, that's one example how the market really operates. We are almost at the 5 figures again, and everyone was about to celebrate, but for unknown reasons, the market sentiments shift pulling to price to its current levels of $8000. It's a bit frustrated though, so there's always a chance of a big drop and everyone should always be prepared.

There are no people that can tell what exactly will happen in the future. So, BTC has a big chance to go at $5k again if there are FUDs that will surface in the next months but if none and we encounter good news about crypto then for sure BTC price will pump and it could reach $25k at the end of this year as they say.

I'm just curious, why do you want to know about it? you want to buy at this price of  $5000 or you want to know if the price will fall for you to sell with losses, because whenever the price falls has many thread with the same questions with these. about your question the answer is nobody knows, there were many analysts who these days made very optimistic prices forecasts and as you can see, prices fell so that means that no one can predict prices.

Usually when they say something positive about the coin the value of that coin goes up.
All of them (analysts) are paid for that stuff.
And btw it all goes in waves and now is the time for BTC to rise up again.
As many others have said before, probably another dip will follow around 9-10k mark but getting down to 5k again is highly unlikely.

I also observed this, people reacts easily to the market and keep on asking the same question. We can predict the price but don’t expect that speculation will hapen because in cryptomarket only time can tell the answer. $5k of bitcoin is still good for me and no matter what, bitcoin will survive.

That's quite dramatic actually. Bitcoin did more than well even at levels far below $1000, so why should it be different when we reach $5000 levels? The only thing that might happen if certain miners aren't making profits, is that they will temporarily withdraw themselves, partly or completely. On the other hand, the lower difficulty as result of that will likely be a motivator for larger farms to fire up even more machines. Larger farms enjoy far lower operational cost per mined Bitcoin due to the frequency of them scooping up block rewards. Smaller miners don't have that advantage, and thus are the first to suffer from declining prices.

There is no chance bitcoin is coming back to 5000 usd again. The fact that bitcoin price is unpredictable doesn't means it can fall to such a level. Bitcoin should be 12000 to 13000 by now and the current 8000 usd is trading is it lowest form now, it is going to increase from there to 10,000 soon.

Definitely not, the price has seen and faced with sudden fluctuations but not as much as 5k dollar. I think this is not possible because as we go up and as the time passes by the value is increasing and the statement is getting invalid which is about the very small value of Bitcoin. The falling factor of Bitcoin is slowly reducing and becoming invalid due to the average price increase per year.

there is no reason that he behaved this way and fell to a mark of 5k if that's what happens, I think that not in the closest time

Bitcoin wont fall below 5 thousand dollars in the near future bitcoin strong base at 8000 dollars so below 8000 dollars is difficult to cross the line

It seems difficult that it can even break 7k again now in coming days. So 5k is a long story only thing that can break is all the major developed countries say no to crypto currency which can turn out to be ugly for the crypto traders and investors and thus on selling the market would start to crash.

Nope, not at all. Bitcoin will no go to that much down and I have good confidence on it and even other crypto lovers won't accept your prediction of Bitcoin price fall to $5k. The currenct price of Bitcoin and the current trend is very healthy and the current trend is taking us to the new height of price within this year end.

When Bitcoin price was trending aroung $2k last year it went to $20k, just imagine what could be the price for this year comparing the current price.

The price of bitcoin is now so much dumping but it does not goes continuously down. But it will not go below 5k according to coinmarket.cap assumption. The price of bitcoin is going to increase in near future. So dont worry about this dump now. Just use this chance to buy bitcoin and hold the coin for long term. It will give more profit than you invest.

I know that most of us here doesn't want to see Bitcoin to go back to $5,000 or below again but unfortunately we don't know what will happen next because every time a country announced something negative about Bitcoin, it will have an effect to the price. If a known personality (like Bill Gates and Warren Buffett made negative comment about Bitcoin, it will have an effect. If a known exchange site got hacked, it will have an effect. Possibility is Yes it could happen, but what I mentioned above happened already and Bitcoin price moved a little but recovered. If all I mentioned above happened in a week, that's a disaster.

Though none of us will like to see Bitcoin price going down bellow $6k to talk of $5k. I believe strongly that Bitcoin has pass through all the rough stages it went through and now we hope it appreciate in value in the coinmarketcap again.

At least from my personal point of view, I do not think there are too many possibilities that bitcoin will fall to such low levels after the resounding fall that it suffered recently, as the price seems to have reached a point of equilibrium such that it has allowed to maintain itself with enough stability throughout the last weeks.

However, we must always bear in mind the great reactivity of bitcoin to the rumors, which in some cases has led to great movements of more than 30% in a few hours, as happened in September and November last year.

And if such an event should happen these days, at least for a few minutes the bitcoin price could eventually visit the $5,000 area at any given time.