Bitcoin Forum

2017 was a victory for bitcoin, but by the end of December 2017, bitcoin was slowly falling with drastically, the value was $ 20K, and now it was $ 6K.

if the drastic decline occurs again at the end of December 2018, then I think that bitcoin will fall $ 500.

I want to know your prediction, do you have the same thoughts as me, or do you think that bitcoin will survive at $ 6K until the end of this year. what is the main reason you think like that?

Every year is victorious for bitcoin as long as it gets developed and globally adopted more and more every year, regardless of price.


It doesn't work that way. For BTC to drop from $6500 to $500, it would take another 171.42% decrease. The chances of that happening is extremely slim in my opinion.

2016 always above $300
2017 always above $900
2018 always above $5800

no point stand alone at the top of the mountain where only one buyer and seller made the top price
better to stand at ground level where everyone can take advantage of the moving prices and all can see the yearly growth

the ATH are not sustainable value. but temporary glitches that correct. 99% of the community were not online or not able to act on the $20k so it holds no substance or reason for people to care or mention it as they never got to do anything with it. not was it intended to last

All that can happen, bitcoin prices continue to decline because there are many negative issues about bitcoin, especially yesterday social media also prohibits promoting bitcoin and there are still some countries that prohibit using bitcoin services, if I personally think all that happens is natural law.

looking at the bitcoin price chart which lately tends to be more stable, I think at the end of the year the price will remain at $ 6. or at least down slightly or slightly up in the range of $ 5- $ 7.

The bitcoin advertising ban on social media was already some time ago. Social media sites are slowly allowing bitcoin and blockchain related advertisements but with stricter requirements to prevent fraudulent ads.

I think the greatest contributor to price decrease in 2018 have been government bans and regulations on trading. Up until January this year, China was the largest Bitcoin market. Don't think we'll see any more major price drops unless more countries start banning.

According to the information I got, at the end of 2018 Bitcoin will increase, Proof of Bitcoin will rise is Rich investors have already flown a lot of money to Bitcoin, and then the Bitcoin system has been repaired and can provide services quickly and  to fee cheaply.

I would never think that the bitcoin price will fall like $500, it is impossible. If the bitcoin decrease to that price all cryptocurrency market crushes and dies. When i look at the investments for the bitcoin and the cryptos i am sure it will not decrease. 1000s of company has invested in cryptos and every new day in many business the people using bitcoin and altcoins. Every new day new ATM's opening in all over the world. So impossible, don't think about that..

Although the cost of bitcoin has decreases in late 2017,I do not think its value will be reduced.Because the demand for bitcoin is increasing constantly.I think its value may increase further since December 2018.

i think noway it's fall to  500$. if it's drop i think just reach the price of $2k

a "victory" for bitcoin is when it gets more adopted not when it gets more speculators and we see a bubble because of them. 2017 was a victory not because of the price rise but because of the major adoption increase that happened like Japan case.

well at the start of December 2017 price was $9k and by the end of December 2017 price was $15k. i wouldn't call that "drastic fall".

did you by any chance meant $5000 instead of $500? because $500 is just dumb.
in any case you are correct, if there is another drop we can see $5000 but the question is, Will there be a drop? and in my opinion there isn't any drops, we may see some manipulation and an attempt to push it down again but these attempts aren't known to last long or even be successful that much.

$6k to $500 is not realistic indeed. That huge dip is very impossible to happen. If ever bitcoin will fall to that very low value at the end of the year then altcoins' value will be down to zero. For we all know that when btc value drops, altcoins value will go down as well.

That down fall will really create panic if it will happen. We can't really tell but in my own honest opinion about the value of bitcoin, I'm pretty sure that it wont go down past $5k. We shouldn't underestimate the community that supports this awesome technology.

Bitcoin has gone so many downfalls but still remained strong and recovering every dips that happened. What I can see is that by the end of the year or the beginning of the next year, bitcoin will have a strong recovery. We just have to wait and see what the future will bring.

Its because when we almost touch $20000 we are already in a bubble. It got burst easily that's why the price is hovering around $6500-$7000 but it's still good in my opinion.


What made you think that bitcoin will fall to $500? Or do you mean $5000? I don't think that bitcoin will go $5000 or below, the price keeps stabilizing around $6000. I think people are willing to bought bitcoin around that price so I doubt that we will reach another bottom ($5800) this year.


No one has the crystal ball but if you are looking at the sentiments and the news around, there's a possibility that we can go as high $8000-$10000 at least in 2018.

I don't believe in OP at all. You said bitcoin went downtrend in 2017 when it reached 20K USD value. Wrong. It actually went ATH after having the values near to 1000 USD by January 2017 and it step by step went up high to 5000 USD where it stabilised a bit, fallen back again and then jumped ATH. This is how it went through 2017 and this is what happening this year as well. Look at the values, they went down because it was obvious that people will sell for higher prices and thus market will get liquified. Now slowly the market is again getting condensed and thus it will rise in the value slowly for sure.

i think you right. i think next year bitcoin market will rise up.maybe it can reach 30000$ ;D ;D

it think OP is saying price will fall $500 not to $500 which means for example if price is $6500 now it will fall down $500 and reach $6000.
if I am right then $500 is not really a significant drop, considering that size is only 7% and that falls within daily fluctuations. although breaking a buy support like $6k and going $500 below it has its own significance because it is a very major buy support and it is extremely hard to break it and stay below. if we successfully break it with a ridiculously big dump then it won't be $500 drop, it can go as big as $1000 because of the panic. but I wouldn't expect a big panic since the panic seller weak hands have been flushed from the market.

market recovery after static instability is not easy and takes a long time, from the beginning of 2018 to this moment there has been good progress. the market starts to move, bitcoin starts to rise. and I am very sure of the good moment at the beginning of October, even though it is not as good as last year .... let's see,

the price of 2017 bitcoin is very different from the price of 2018 bitcoin, and if predicted at the end of December it will remain stable at $ 6k if viewed from current market movements, but that does not rule out the possibility that crypto can rise at any time because crypto is very difficult to monitor.

Bitcoin's victory is a victory for investors, and bitcoin users. I realize that every year bitcoin always increases for the better, but when bitcoin falls drastically from $ 20K and now bitcoin price only $ 6K, I think it's not a victory for some investors.
What do you think? How do you think about investors who buy when $ 20K?

I always believe that bitcoin can fall to hundreds of dollars again.

one of the factors that can make bitcoin fall drastically is that there are many people who sell bitcoin for Christmas, and a long holiday at the end of the year, in addition to many other factors.

what if big sales happen again at the end of this year? do you have a logical argument to maintain your assumption that bitcoin will be stable at 6K?

stop to create stagnant market speculation, this is very different bro, today's FUD is very large, and not the same as the previous year. even today, bitcoin has lost some investors.

Today's volatility is very ambitious, I think that bitcoin has the opportunity to fall into hundreds of dollars. and that can happen.

This is the problem with historical price checking.

Yes, we all know it went up in December and late November, this doesn't mean that the price will go up in late November early December this year as well, also we know it went low on late December early January and yet this does not mean the price will go down in those times neither.

Just because bitcoin did something last year it doesn't really mean that it will do the same thing this year too, why would it do the same thing at the same time every single year? Was it low in October 2016 ? did it went up in November 2016 ? No ? Why would it start to repeat this year ?

you are wrong bitcoin has not lost "investors" if anything it has gained even more as the adoption is growing.

what made you think there is a "loss" is probably the fact that we had a big wave of newbies, mostly kids with money or without it who got free coins through alt coins, who came in and thought bitcoin will make them millionaires but as it stopped going up at some point they were filled with fear and gave up their hopes and  went away.
other than them there is nobody who has left just because there was a  drop despite the big rise we already have compared to last year's $1000 which is 6x rise already.

Bitcoin will not be $500 in December.  

It is normal that 2018 is a negative year for Bitcoin. It happened after 3 green years and it is expected 2019-2021 will be green again.

If you search for Bitcoins price at the end of year my guess would be somewhere from $5000 to $9000.

Bitcoin prediction is really hard say so we should believe and stay calm in this year. Because if this move to more 20k USD all are
 happy to celebrate that moment.
 But market situation undetermined so it will move to backward we are all buy more bitcoin and hold for few years. I always wish to improve the future market so I hope it will became a master blaster in end of the year.

if bitcoin does not lose investors, I think the whales will be able to survive the value of $ 20K until now, and will not fall drastically like today.

if bitcoin falls because of FUD, because of panic, because of big sales, I think, that is not enough to make bitcoin fall drastically.

I agree with your positive speculation, but of course we cannot control the crypto market according to our expectations.

we will see better bitcoin, over the limit of $ 20K, not only that, but we also hope that bitcoin in the future can touch all aspects of our lives, legal, useful, and we can use it for transactions, investments, trade.

It's really a question that no one can answer.

Even though the support at $5700 has pretty much never been breached within this bear market, I think that it's tough to say in the future, if the bearish sentiment remains to be the dominant force within the market, that this is the absolute lowest level we can go.

What we can see though is that we're past the panic selling phases already and markets are consolidating, which usually means that even if falls come, they won't be as large of a scale as the ones we have seen. Filling up your long term holdings for bitcoin is a wise decision to make especially given the institutional interest in bitcoin at the moment.

Bitcoin for this year at the price of 500 dollars is very low because the lowest possibility price of the bitcoin is only 5000 dollars not 500 dollars. I hope the value will increase again and recover become what value of bitcoin in the year of december 2017 when price reach the history highest price.

For sure the price indicates popularity, but isn’t the one dectating success or it doesn’t show failure when decreases. The bitcoin traders knows that the instability of it is more attractive to them.

2017 or 2018 bitcoin been in mainstream and slowly adapting, regulation and fudding does a damage, but it is up to you how you should make a best strategy out of it, to profit.

No mate if that drastic declined happen again at the end of December.  bitcoin value will stay stagnant around 6-5k  and it will not fall on any cheap prices . Because bitcoin still have resistance level .which is the bottom price due to the demand and supply from some big investors that still believing on bitcoin posibility and promises in the market , so as long more investors keep holding on it there's no tends it will nose dive to any cheap prices even there's a drastic decline. In fact if that times happen reason as well to buy more bitcoin especially for long term investors because it's a big opportunity to buy cheap and to gain massive profits in the future. 

Sure, we cannot control the crypto market and that does not mean we shouldn't be realistic. The part you missed out I guess, is that we had a FOMO last year and a huge bull run before we started seeing a huge correction, and you kinda pinned it on the date and making it like the same thing would happen this time around and then we see it at $500.

That is quite impossible technically unless we see some crazy news that would drive price hard down like that. We have been in a downtrend and a bear year throughout, so if we go lower, it would just mean we are continuing with the downtrend and not like we are just starting the bear trend.

The chances of seeing a reversal from any point here onward is more plausible. Like Tom said, you cannot be going bearish when a market has experienced a huge bear action already, this is the time to be thinking bullish and buying the dips.

This is just a thought and not a reality of the state of things.  I believe that bitcoin will not fall below $5000 this year again and I even expect increasing in bitcoin pricing in some months to come.  Trading is not predictable and no one can really said what will happen in future.

I believe that the price of Bitcoin will rise soon, in this year the price will certainly not reach the peak of the last year, but I think he should achieve at least 12000$ line, which would also be very good, since the price is almost doubled from the current one.

I am happy you said we will see better bitcoin and I believe that is certain.
Bitcoin is very hard to predict and anything can definitely happen in the long run that is unplanned for since it is a very volatile market anyway, but not like $500.

It is not just some pump and dump market, and we all know there is a huge support for bitcoin at the moment that technically would not make the market go down that hard as it will be affecting a whole lot of things which includes mining.

Also, based on what you said about the market going down hard last year after a pump, but this time around, even if we are going lower, this is not correcting from a pump, we are already inside the drop and in a matter of time, we would definitely hit a demand zone and reversal at these point would be imminent. Even if we are to see a huge low, I would not put my bet on less than $3k.

As much as I do not agree with the OP saying that bitcoin would go to $500, I also do not agree with you saying that the lowest possibility is 5000usd. No one knows the lowest possibility, but the only reason I am disagreeing with the OP is that, what he has mentioned is something that would be very hard to see happen.

There are supports on the way down, there are holders from the way up and there are those who are looking to gulp the dip and trust me, if we manage to get towards $3k at all, it might even be hard to catch up from the bounce from there as I believe at this spot the market would have been oversold, and recovery is something plausible.

Yes you’re right about all of this shit, bitcoin was going up a lot in 2017 and we all were happy that we are goinng to make a lot of profit . But seems like  were not meant to make a lot of profit . In the beginning of 2018 bitcoin has started to drop a lot untill he dropped to 6000$.

$500 is too much pal.  It seems like the ending of bitcoin journey ,lol by the way it's impossible to happen because in fact bitcoin still have bottom price " 6k "  wherein as usual still had strong support until now siince market growth rate fall drastically , so it's impossible IMO unless if there's another big issue occur that can cause bitcoin to continue falling.  Probably there's a chance it will hard fall but not on that value which probably around 4k something like that.

I would like to also put another thing into conversation by saying that this was considered a bear run for the past 10 months so I understand why the person is afraid that another fall in the price like this would cripple the economy of bitcoin and we would be all crying however even tho having another decrease like this looks impossible and everyone laughs at him, noone points out one mistake in his logic.

The price was around 3-4k than increased to 20k and than dropped back to 6k levels, which means price could increase from 6k to 42k and than drop to 12k again if everything happened all over again. There was increase before that drop as well, don't forget that.

It would be very good if it multiplies by 2 irrespective of time as we should keep remember it that we are in long-term investment so we should treat it the same and should not make it short-term by selling immediately for small profit. Let me remind you about what happened last year, the price reached to its bottom and then it followed up trend and reach at its highest recorded value so situations are better than that bottom and it will make a record performance again.

You're looking at this situation the wrong way. You were and are making profit. If you bought Bitcoin in 2017 you made profit. The average price at the time was below 5000USD.
If you buy now you will still make profit in a year or 2. Looking at a bear market like it was the end of the world is exactly what pushes people into depression, addiction, and suicide.

In my opinion if the price increased due to the market cap it would be the same as it is today, but unfortunately there was a huge bump in the price in the last year and people become addict of such bumps. Now the price is normal again but people still want huge bumps like the previous one, rather there will be no such bumps in the price anymore in the future.

The way bitcoin fall from $20000 in December and until now it could not stand up is a concern to us. I have been trading cryptocurrencies last year and I have invest in many of them that I am still holding and most of them are at the lost of over 80% . This is really such of concern to me because it might going to fall further in future but not to $500.

even bitcoin prices will not fall to the price of $ 5k in the future, I'm sure there are still many investors who will invest long term.
well I still wait to reach $ 20k again  :D

I think it won't increase until the next year. You are right there was a time when bitcoin was $20,000 everything was going prefer but then something happen with bitcoin and he start falling.

Really? You are funny. How about you guys check bitcoin's chart the last three years for instance? Try to observe and understand it. Guy is right. From 3-4k then 20k. So a 6k level price can't break that 20k again? Lol!

Yes, I mentioned that the price should achieve at least 12000$ line, but it's just my optimistic prediction this may even not happen. And I know that before the rise of prices, it first reaches the bottom if we are talking about last year. And this year I think the price will already fall less than it has already been

we can call it the worst year for bitcoin and i don't think it will be up in this year. We can wait for the next year and we should keep our invest up.

The problem with a whole lot of you is that you assume and think a lot and then as you are thinking you really do not get to think on the negative aspect but the positive one. The thing that has blurred the eyes of so many from seeing what they should be doing in a bear market is because they really have no clue how the market works most of the time and they are just looking for a faster way to acquire wealth.

The market is not going to just start bringing about some huge growth all of a sudden, but you have to understand that no matter what, the market is still in an uptrend, if you want to check from the previous years to this date, so if you want to use that, I guess you should be able to picture where we would be from here in coming years.

The price was about 3800 till the end of August 2017 and then suddenly the market changed and the price reached to almost $20000 till December. In the second month of 2018 the price reversed and went to its previous actual price, but those 6 months made some investors millionaires and made some bankrupts. That bump was totally created temporarily.

One thing is that even if we do not get to see this price at $20k this year, at still some point we will get to see it and we will obviously be trading above it.

One thing a lot of people do not get to do is to at least try as much as possible to understand the part where they just have to focus on the future instead but because of not knowing that, they are usually scared to even buy the bottom and then at the end of the day, they just simply end up missing out eventually.

We may have experienced a huge decrease in the short term, but looking at the history from where we started from, we are still basically in an uptrend.

Call it worst year or whatever; it is only going to end up being a worst year for those who are actually so keen about looking at the negative side of things most of the time. This is a market and for God sake, you cannot imagine the market to keep moving up all the time.

It is high time you all who complain got used to it, see how you can always make things right for you with every trend of the market, and learn as much as you can to be able to achieve that, which is something a lot of people are always still very lazy to do and then complain still, instead of at least just having some little patience to hold.

We have a full report on the price movements and stabilities or instabilities exist in 2017 last year and in this current year almost all the investors know very well about prices and their movements. We have been noticing that value is stable after a downfall we had price fewer than 10k dollar and now the price is still here. I hope that 2019 will be very good year for all of us as we are here to make sure we will get profit.

The problem with a lot of people was that they expected just too much from the market in short term, had no understanding of how to invest or even the knowledge of the risk within the crypto space, and all these put together is something that I expect anyone should always be conversant with when it comes to investment. However, greed, laziness to study and some other factors, blinded some people. nonetheless, this does not change the fact that even though 2018 has been bearish, in the long term, the market is still bullish as far as I am concerned.

I agree and that kind of investors are long gone by now. Crypto space are dominated by more experienced traders and gone are those noobs who think that its a get rich scheme. The only positive thing they can get is to learn a good lessons because 2018 is really different.

No one is bankrupt yet unless for those who put all their life savings out of greed into the cryptocurrency space without even understanding the volatility risk. However, with some patience and as long as no one sells for loss, 1 bitcoin still remains 1 bitcoin and the future is glaringly bright for those who are smart enough to see it and I believe a time will come when even $6000 will be something impossible to get to see as far as the value of bitcoin is concerned. It is just simply because a lot of people are so keen about the short term that they lose track of what the possibility of the long term would be.

One thing is that the market will always have two different phases and that is either a bear phase or a bull phase. We had the bull phase throughout last year, and I remember so many times, we kept saying a huge correction was coming, but out of greed and ignorance, so many people and most especially the new investors who refused to listen and also had no knowledge of a market, tend to just stick with their greedy minds to getting rich fast instead. I believe years to come will most definitely be good and I have no doubt about that at all.

The decrease in bitcoin pricing is expected in this year 2018 because of the type of bullish market that happens ending of last year.  If you look very well you will see that those that are selling now do so because of the gained in 2017 and that is how this market move in cycle. I believe that in 2019 another bullish trend will commence again.

We are not expecting anything like this, I hope that the last month of 2018 will be too much important for bitcoin price, if the investors got confidence and start taking interest in bitcoin, I hope that bitcoin price will boost up and hopefully bitcoin price will cross 20k very soon.

Bitcoin still has confidence and because of decentralization, bitcoin always has hope to increase its value, and I believe that by the end of this year bitcoin can be able to increase at 7k - 8k.