Bitcoin Forum

Why Some Bulls Expect Bitcoin to Fall Below $5,000 Prior to Big Rally

https://www.ccn.com/why-some-bulls-expect-bitcoin-to-fall-below-5000-prior-to-big-rally/amp/

I don't think they are real expert in crypto market.
It's mostly copy paste job, I believe.
Right now, crypto market is very unstable, influenced by many rumors and bad news and it's very hard to understand what will happen with bitcoin in the near future.

Yups there is no real experts here,because all of their opinion are based on their own researches and analyzation,but it would be contradictory to other so called experts too,so the case is same but nothing reliable to believe in..i have been following this people but no one i can rely on

For OP just believe the story if it was happening already not on the day they are telling you.this will prevent you from wrong investing

based on what i have seen those who talk about such ridiculously big drops are either newbies who have missed out on buying buying bitcoin prior to the rise and are not wishing for the good days to come back, and they won't stop at $5k they will want lower, they will go as low as $100 and still wouldn't buy.
or they are just FUDsters trying to fill their shorts and make a tiny amount of profit from a small price drop.

Crypto market is so unpredictable no one knows what will going to happen on crypto market even the bull market i do not if it could happen or not but there are greater things that it will going to happen as the peak season for the year 2018 is approaching. People these days are having a lots of money since it is year ending people getting bonuses from their salary.

There are so many sorts of informations trying to confuse my state of mentality by knowing what would be the best reason why all of these articles are popping out when this has nothing to do with the price. I have read about halving the bitcoin's price by 2020, analysis about pump and dump groups, SEC etf rejection.  all such are worthless unless price become higher again. It would be worth to buy if the price is low atleast.

Quite a clickbait-ish title, ain't it?

"Why Some Bulls Expect Bitcoin to Fall Below $5,000 Prior to Big Rally"

But it doesn't actually give ample information on why Anthony "Pomp" Pompliano thinks it will go below $5000. He just pretty much said "The final data outputs left me with a few uncomfortable conclusions". But nothing beyond that.

Mostly when people expect a low price.And this price comes there, they do not buy.As a result, they stay out of the game.

Its no surprise that many crypto experts see bitcoin at below 5k levels. These are people who want to get their hands on bitcoin at a low price by spreading FUD and misinformation. Predicting these levels makes people who follow these experts to sell their bitcoins and drive the price further down. There is no technical analysis behind this.

When a bull market is near there are always cooked up stories just to raise fud so they can buy cheap and get into a position to profit in the bull run. From the write up, the guys there just gave their own opinion but i believe bulls are way beyond mere speculation and no one is a real expert.

FUD everywhere This is not new since there is an upcomming events in crypto society. Spreading FUD just to make the tide go in their favor.  Those newbie traders will surely buy this kinds of FUD and will surely result regret later on

The Bulls are going to be disappointed in the fact that the bitcoin's rallying force is beyond some mere speculation or anticipation. There is a whole lot that determines the price falling to the $5k mark.

Whether this is a prediction that comes out of economists, usually economists observe things that can affect prices, such as observing price charts, investors, exchanges and so on for the past few years for future predictions, but many experts also differ opinion about the prediction of bitcoin prices because it is very difficult to predict because it always experiences a very fast increase or decrease, only takes a little time to go up or down.

I have already set my mind and prepared myself that bullish market is just a fantacy that it will not going to happen because for me the market is already set that we must rely on real demand now. Better to be in this way than still keep hoping that bullish will still come in which it will just make you to disappoint if it will not arrive.

Well, ber months is coming (Septem-ber, Octo-ber, Novem-ber, and Decem-ber) so tighten your seat-belt for a barrage of cooked FUD news to come like this one. I guess this is just some sort of tactics employed by the so-called Bitcoin Whales who owns 40 percent of the market to once again rakes millions of dollars before the year ends as what they did last year.

Maybe there are some poor people like me and want to buy bitcoin at a price of $ 5000 down lol.
Yeah, I saw in my country many poor people and were unable to buy 1 bitcoin. And they are desperate for debt to the Bank to buy 1 bitcoin.

Actually, this is something that had never happened within the year and those who happen to made such assumption is no expert to project such trend. Though the market trend is not that stable for now due to continuous fluctuations, I believe that this could have a major adjustments could be on progress for a much huge pump that may take place.

I think Tom Lee is a big bitcoin fanatic, so he is always optimistic and always thinks positively about the development of bitcoin in the future.

I do not know what is the reason for him, whether his speculation has a strong foundation or not.

because if we look at market conditions today, bitcoin has difficulty pumping.

some people hope bitcoin will fall deeper, so they can collect a lot of bitcoin, so when a big rally, they can take advantage.

just because someone said he thinks price would fall to that number doesn't mean "bulls" are expecting it, heck it doesn't even mean the person saying it is expecting that kind of drop! it always is about manipulation of the minds of the masses.
there are many who are "hoping" for that kind of drop so that they can make a lot of profit in a very short time from this down and quick up recovery but that "hope" means it won't happen in that size because they will buy a lot sooner than that bottom they are wishing for.

Not just poor people may be even whales want to buy at that price and they waited quite long to see whether prices may fall to that range. But it didn't happen so maybe started spreading these FUD to create a small panic to pull down the market. It may or may not reach to that range so if you want to buy then don't wait for until that to happen instead start buying small quantity now otherwise you may regrate later on for not buying at 6K+.

"Why Some Bulls Expect Bitcoin to Fall ..."

Clickbait. The article never actually tells why.

In the article referred to, various, even absolutely contradictory opinions of various well-known persons belonging to the field of crypto-currency are indicated. We see that some believe that the price of bitcoin may fall to $ 3,000, while others think that it could be $ 5,000, while others say that it will not fall below $ 6,000. These are just opinions and they are actually based on nothing. At the same time, it was interesting to learn that some believe that bitcoin by December could amount to 10 000 - 15 000 dollars, but Tom Lee does his optimistic forecast for $ 30,000 by the end of the year. I think that the forecast for 10 000 - 15 000 dollars is more real. It is unlikely that this year bitcoin will overstep the mark in the price of $ 20,000. This will be a psychological barrier at the end of the year for many investors.

If they expect it then I think they must have any profit from this or they just want to scare the holders and they they will buy their coins in low price.

Yes they are not the specialist of bitcoin and thus have no idea about it. They always try to spread this type of rumors and make people confused about it.So, It's better for us to not pay any attention to those people's rumors.

This expectation is based on the individual assessment that means such prediction is not based on the analysis of the expert and so any one can comment anything here as here everyone is independent. People should not hear the rumors rather use their own judgments.

Horse shit, there's always somebody expecting something or other for bitcoin, all based on faulty analysis of similar markets or previous trends in the cryptocurrency market. The truth is, nobody knows what Bitcoin is going to do in the long term, we can only assume the trend will be towards globalization, increased use and hence increased value, but the number of hurdles to get to that point is unknown. This is not going to be a steady road, that's for sure. I think the only thing we can truly say, is that Bitcoin and cryptocurrencies are very likely to reach and surpass their ATH at SOME POINT in the future.

There's a number of reasons why they think it will go to 5k or a bit below. I'm not treating predictions like "3k Bitcoin by the end of the year" seriously because they fall into the same category as "Bitcoin to 100k by 2020". So what are those reasons?
-A comparison between 2014 and now followed by a comparison of the previous bear markets that tend to last longer every time.
-they see 5k as the beginning of the rally, which it was, and believe it could go to the despair position which is right below the starting point (4k).
-the switch in their heads flipped into "bear"position. They've been bearish for a couple months now and need something huge to prove them wrong. The price going to 10k would work.

Such type of prediction is common in this market. The market is independent and the people are also independent to comment. This is not an expert’s opinion and so we should not believe this. People should use their own brain for investment

Probably most of them that missed to buy when it was cheap want to buy cheaper before the price will start mooning so they can have more gains.

They do want a further fall but I believe there's a minimum level the bitcoin price can go and  I believe it has hit this minimum price range often and bouncing back upwards. The only upward run we expect now is for the bitcoin price to hit its previous price mark of last year December.

I fundamentally disagree that bitcoin will be able to fall to $ 5000 you look at the bitcoin chart today, it is constantly green the same few days, the fall will not be 100% the Bottom has bitcoin identified 6000.

That will not work because cost of mining is close to $5000 falling below $5000 will a difficult situation for miners. We all see the balance this bitcoin was trying to keep in other not to fall below $6000. And now today we see a jump of $500 balancing it up to $7000. With time will get back normal or stable. If once it can cross up to $10,000 the bull run will start proper and those who get involve when it was cheap earlier will smile and be grateful for the decision they made. If you have not done so before, there is still chance for you to buy down and rejoice later.

That will not work because cost of mining is close to $5000 falling below $5000 will a difficult situation for miners. We all see the balance this bitcoin was trying to keep in other not to fall below $6000. And now today we see a jump of $500 balancing it up to $7000. With time will get back normal or stable. If once it can cross up to $10,000 the bull run will start proper and those who get involve when it was cheap earlier will smile and be grateful for the decision they made. If you have not done so before, there is still chance for you to buy down and rejoice later.

These are just analysis based on judgement and not on facts and figures. So, everyone has their freedom of speech to practiced here without being scrutinized and judged. Also it will be better to not to react on such things which are not backed by facts.

I think it is because it is a support zone, bitcoin won't surpass below $5k in the market. But i can be wrong.
This year dips maybe the longest dips in cryptocurrency. It was going down from the beginning of this year.
Makes me to wonder if in this year crypto will do a bull run or not.

He's just one "expert" lol. The article should be titled "Why One Bull expect Bitcoin to Fall Below $5000 Prior to Big Rally." That's not a knock on him at all either. He seems to be running some model which I couldn't be bothered to look at, so he probably does have some basis for his prediction. It doesn't really matter in the grand scheme of things anyway. The market hasn't taken any predictions, bullish or bearish, seriously for a long time now.

I'm pretty sure we won't be dipping that low. The market has quickly bought up any coins that are below $6k. We have bounced off of that price range four, maybe five times now. IMO it's pretty safe to say that was the bottom. The bulls that expect the price to dip below $5k are really only truly saying that because they are comparing it to the bear market of 2014. But they really aren't comparable, the market is vastly different today. Different uncertainties lie ahead with Bitcoin, much more people know and hold Bitcoin, scaling debate is taken care of, ETC. A lot of things have changed, and because of that I think this is an accelerated bear market. I think we will see a slow and steady rise, with only small dips, in the coming months.

It make sense if the price dips that low actually because BTC started its bullrun way below $5000 which means those who keep their btc and those who started the pump before the bullrun can still dump for profit. But still I'm not an expert as well. If the price continue to go up we may be able to see it rises til the end of the year.

If Bitcoin again collapses to below 5k USD a lot of people will lose everything and leave this market. If you have a bear market for too long, you get the majority of losers capitulating and exiting the market. My wife now trades and is leanring to use tether also as a temporary exit of her profits to safeguard them but then re enters BTC markets when she sees btc going down again and reaching a new bottom, but she trades also every day. I think it is good not to give up and if BTC ever reaches 5k USD again to look at it as an opportunity to purchase more BTC cheaply.

It will be a rumor now the price of bitcoin is rising and it will rise more and some people spread wrong information in the forum to not motivate investors and then the demand will not rise but i disagree with this opinion that bitcoin will fall more.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

Bitcoin will not fall more and if you are expecting that bitcoin is falling then it is wrong and if the price down to $5000 still the people will use it at all so if there is no problem then why you are so much worry about fall just think if price rise then what will you think about it and you will feel unhappy that time that why i should not invest on time.

They expecting this because if it fall below 5k they will buy as much as they can and hold and create a fake shortage so that the demand will rise and they can get big profit.

The crypto market is very difficult to predict now. No one knows what is going to happen. There are some people around who spreads FUD and misinformation to get their hands on BTC. And the newbies will trade with this kind of FUD and later they will regret!

Cypto market is very unpredictable. It is difficult to guess what will happen. But there are some people who are expert in spreading rumors of FUD to get their hands on BTC. New comers in this sector will transact with this and then they will regret!

Crypto market prediction can never be accurate. No one can provide you the actual result. But some people unnecessarily spread negative news and misinformation to get their hands on BTC. Users who are new mistakenly transact with them and regrets later!

At the moment this is not a very likely forecast, since everyone is waiting for the Bitcoin ETF on September 30th.

The market of cryptocurrencies will continue to grow with slight kickbacks before the announcement of the decision on BTCETF, and then there will be a big pullback.

For now I am only making short-term investments by utilizing the movements of Bitcoin and Altcoin in the crypto market, I am not focusing on the bull market, because everything is far from reality and for me the market has determined that we must depend on real demand now. rather than still hoping that bullish will still come where it will only make you disappointed if it won't arrive.

I think so many people are waiting for the fall of bitokin below 5k, because it will be profitable to buy, because it is not eternal, once the production is over and the price will be too high. Now it's time to skimp.

Maybe it will happen. As a volatile currency anything can be happened with Bitcoin. But it does not mean we have to lose our hope. Because if it can fall, it can rise also.

It looks like there are syndicated behind spreading these kind of news. They want to enter the market when the price is very low and during the bull run they made high profits.

I think most of them are creating FUDs. Because it will make many people to do panic sales so whales can grab the coins at a low price and maximize their profits.

I think like fake coins fake experts are also arrived in the market , bitcon is going very well so there is no chance to claim anything like this about bitcoin,  but if you have any doubts then I will suggest you to analyze the market on your own.

Thanks for the share.

Though the article is quite uncomfortable to read since it talks about prices falling down between 3K to 5K, it is nonetheless empowering.

Experts are merely telling us to be careful on our decisions and not wanting us to keep our hopes high that the bullish season is at hand. They based their analysis on trends and it is quite sound. We might do see bitcoin fall steeper before it bounces back again. And that's the good part of the article, with the warnings foretold, the dream of bitcoin rising again was never squashed.

Still, be mindful of every step we take towards crypto investment as the bounce is only expected somewhere between $10K to $15K.

A really helpful expert insights here. Reality is a friend when it comes to minimizing financial damage.

First, there's no so called experts in this field. Most of them are just speculators, making bold predictions to also fit into their agenda.

Second, I surmise that in order for bitcoin to rise dramatically again, it needs a tipping point. It really have to rock-bottom allowing investors and speculators to enter the picture with interest again because the price is too tempting and swoop and take advantage of the situation to be a bag holder and stash even more.

@BitcoinPanther, if the author is giving us fair warning then its good, but the title is somewhat misleading. You will initially thought it was creating panic and fear amongst investors specially noobs.

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i have not read the article. but i predict its just a randomly chosen number with no math or logic used why below $5k was chosen for late august-early september

edit:
now read it. and yep no one in august had a reason to say drop to $5k
the article did however with unsurprising hindsight of being able to look back in time... looked back to junes sub $6k.. and then
picked a person who before that (in May) asked for a $5k price..

in hindsight anyone can then pick a historic price and then find a person who before the price, got close.....
summary.. a boring article that predicts nothing but makes it look good by quoting the past

First of all this kind of people are the main culprit in this crypto world and they expect this so that they can make the real users out from it and they can earn maximum profit from it.

The whales don't really care about the poor people who buy Bitcoin at 20k dollars .they are profit takers.they control the manipulation of Bitcoin price through any means .they have the power to crash Bitcoin to 5k dollars even below that. There is a proverb saying "think like the rich behave like the rich and become  rich". My best advice here is that buy or sell when you know the whales player are buying or selling.

No one can accurately say what price of bitcoin would get to before the big rally. This are mere predictions. It mustn't get to 5k before rallying upwards. Virtually, all predictions for bitcoin for the year failed and this shows that this is am unpredictable market. Let's see how it goes

For some few months now cryptocurrency market does not show any remarkable appreciation or depreciation in price when there is bad news and when there is good news. This means the investors are getting mature. Do not expect any rally to pull the price to $5000.

It is a dream price to buy bitcoin. I will be happy if that happens and I can buy some bitcoins at that price. But looking at the market, I'm not sure if that price is real. For me, bitcoin seems going to 8k now.

BTC market is unpredictable but not that it will go below $5k this year, no. The middle point has been gone over the market and the market cap will rise with nice and slow motion, I assume. That is the reason, I do not read all the news.

They might not be experts and would be just speculators like others wishing bitcoin price to fall and then would again expect more to fall.

not every one get happy when the bull market is near I think because if this reason when ever we feel that bull market can be happen some people stat spreading false news to demotivated the investors, I think the investors will understand it and avoid this kind of influences

I think its not possible. We already saw that the price of bitcoin increase day by day. Some company are interested to transaction through bitcoin so I believe it price will go upward.

They may be want to buy it in low price but it is impossible that bitcoin will come below 5 and also a bad news for them bit coin already start rising.

In this market, anything is possible it is very unpredictable bitcoin can now rose to $ 10 000 and then can go to $ 5 000 or break $ 10 000 and continue to grow ! You just need to wait .

I think bitmex ceo hayes and pomp they are same mission about negative speculation for bitcoin
The mission is to make people worry and panic to sell their bitcoin and t
Why it's because hayes as ceo of bitmex the user can sell their bitcoin quick in btmex exchange
And the company get benefits form this ideas, it's only my opinion not personal accusation

I think that it might be a trap to the bitcoinaire that they sell their bitcoin and when they sell it they are going to hold the bitcoin for the long time which will give a rise in price and price will increase much more.

Everyone is free to share their opinion on the market and what we should expect in the near future. That doesn't mean it's true or fact.
There are so many factors affecting the price now, and the future is uncertain.

We can see that the bitcoin drops more strongly before it bounces back. However, pay attention to the steps we take for the secret investment when the bounce is predicted somewhere between $ 10K and $ 15K. The fact is that a friend when it comes to minimizing financial losses. Most of them are just speculators, making bold predictions to fit their agenda.
It really must rock bottom to allow investors and speculators to enter the picture with interest again because the price is too attractive and swoop and take advantage of the situation as a bag and stash holder. more. Initially you would think that it is creating panic and fear among the noobs special investors.

Banks generally want all the Crypto currency to fall in popularity, so they come up with various negative information about it, including various bad forecasts regarding the crypto currency. Therefore, the words of representatives of banks should be treated skeptically, especially since they are not specialists in the field of cryptography.

there are many people that wants the bitcoin to fall but the truth is i dont think there is anyone that can predict the price of bitcoin . if anybody is praying for the fall of bitcoin it'll be the banks and government. there will always be miss information on the price of bitcoin,but that's just the list of it because i don't think Bitcoin is going anywere no matter the Bulls speculation. 

We will see a massive drop for one last shake out before another rally occurs. Wait for the V pattern recovery after the huge dump. The panic will be epic, the smart ones will be buying. I expect $2200-$3000 and a quick recovery, consolidation then the next leg up.

This is something that I see a lot in the forum, it is as if people want those years to come back and to buy when bitcoin was very cheap so they could make a fortune, but if those days actually came back and the price was as cheap as you say I'm sure that not a single person of those that are claiming to want to see those prices again are going to buy bitcoin out of fear.

Banks are almost always negative and skeptical about crypto currency, given that the crypto currency is actually their real rival. Therefore, in this case, I believe that they deliberately launch negative information about bitcoin. The calculation that such information will help discourage some potential investors from buying bitcoin. Representatives of banks are not able to really assess the prospects for the development of the crypto-currency market, they are not experts in the field of cryptography, therefore their opinion on the future of the crypto currency should be ignored.

Well i agree. It's either they don't know what they're talking about or are deliberately trying to scare people into panicking. I guess that's not going to work now since the correction acted like a purge to remove weak hands. Even if it does go below 6k, we have a lot of steady holders now

As you say that is probably not going to happen, because the people that remain in this market are not like all of those that sold their coins at the first sign of problems, we are convinced that bitcoin is going to recover from all of this even if we know that is going to take a considerable amount of time for that to happen, so the price does not have a lot of room to go down anymore.

I think these people are like that people who always expects the price to fall more than it is now, but when the price is definitely reduced to that limit which they expect the price to fall, they never buy it anyway, because when they hoping that the price will drop even more.

it looks like it's just the hope of people trying to make the price of bitcoin collapse and want to buy bitcoin at a very cheap price.

As we can see on the graph, bitcoin has fell to 5,000$ few times this year but i didn't see any big rally yet as the bearish market continues. I think a big rally will happen when bitcoin breaks some of the key resistance around it.

The job done by the author that wrote this article in ccn is minimalist! No analysis of any kind, the people that were interviewed are not experts in trading or in bitcoin price they are just expert in a crypto project but their prediction is supported by absolutely no argument.

This is just a click bait article and that's a shame :(

Don't know if I qualify as a bull, maybe a ram or something, but yeah I don't think bulls are the only ones thinking that we haven't properly tested bigger floors. 5,500 at least should see another appearance, and if that falters, then it's a very natural slide to psychological 5. If this is the multi-year bear that more and more people are preparing for, then that surely has to happen. Another way to look at it is that that's only a 30% slippage from the 6,700s that we've been only able to briefly hold.


We're getting used to it. Not that a qualified expert or any sound evidence backing predictions make them any more accurate. I didn't click on it though ;)