Bitcoin Forum

Some analysts from Bloomberg Intelligence (BI) anticipate that Bitcoin (BTC) will "fall further," as reported by Bloomberg. Various crypto sector pundits have already started calling this the cryptocurrency winter.

“Bitcoin’s no longer boring” declares Bloomberg, before stating that analysts predict the price could fall as low as the $1,500 point, a further 70 percent drop in the coin’s price.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-price-will-drop-further-to-1500/

https://coinidol.com/upload/resize_cache/iblock/11b/900_900_1/11b35e86ded7f09083d7717dfc0949f5.png

winter is coming , brace yourselves
looks like news starting to put even more pressure on the market
some groups want to push the price even further down to buy?
I won't be surprised if the price fell to 1.500$ or even 1000$ , but then I would buy like mad :)
hell I think I'd buy at 2000$ , there is no reason not to ,the market is being manipulated and the price will recover if not this year then 2019-2020
do not be fooled by the bs and HODL or buy

It's typical mainstream media drivel. I don't even blame them for this since it's their job to fool dumb money.

I think we're heading in the right direction now; the sentiment amongst $20,000 before the end of the year believers sunk so low, that they are being shaken out of the market as we speak. It's smart market making, we are basically getting rid of selling pressure that would have prevented the price from going up anyway, so the situation isn't all that bad.

Another positive aspect is that even longer term Bitcoiners seem to turn bearish now, which allows contrarians to buy people's fear right now, and sell them happiness later on.

This is just one of those analyst that are currently making predictions based on the flow of the market, what they are really doing is really stirring up the market more with additional FUD. They may look right with what they are saying as the market is really declining bad, and the sad thing about this is some news sources are making this the top of their headlines as they know these kinds of news are the ones generating the most views for their website, the more views they have the more income they will get from traffic.

It's important to be able to distinguish between crypto perma bulls and permaberas. While some people are constantly wrong with their bullish predictions (McAfee, CNBC) some are overdoing it with being bearish. This analyst certainly falls into the latter group. Also, he didn't do any TA to make this prediction. Why 1500 if there's a large support at 1900 (Bitstamp chart), and nothing significant at 1500?
 

"Support" at levels we haven't visited doesn't mean anything. By the time we approach the $4000 mark, which people think will generate tons of buy support, could turn out to be a level no one is willing to support.

I remember how people before we broke the $6000 mark considered $5000 to be a level at which buyers will pop up offering enough buy support to maintain that level. We saw today how $5000 didn't stand a chance.

Crypto is back the way we know it, which translates into crazy price action no one has a clue about what direction it will be heading to. People said the market was boring, well, the boring part is over.

While $1500 is conceivable, $50,000 was conceivable too until it wasn't and more than a few silly sausages in the media were predicting that as well. It's going to be interesting to see the reporting on it compared to 2014 when the profile was that much lower. I think we'll see the 2-3 grand level but then again 1500 isn't much below that.

Time to go off and build toilets for desert island unfortunates for a year or two.

@gentlemand. However, what is more conceivable in this market condition? The bagholders would answer $50,000, I reckon hehehe. The unprejudiced and fair answer would be $1500.


No, winter is here.

$1500! Apparently all the charts, TA and FA analysis don't seem to be working anymore. Bitcoin probably going down more than $1500.

$1500 will be a wonderful price for me to buy more... I am waiting there, please go to this price!

This prediction wouldn't look more convincing to me if there was a "TA". As we all know, many predictions based on Technical Analysis have failed, because the analysis in fact was manipulative. And I'm not saying it was manipulative on purpose. The manipulations were happening in people's minds, and they were genuinely believing in there predictions when making them.

Idk, maybe my current view of things is also a product of manipulations of sorts, but I think that the latest drop was caused by Craig Wright selling big amounts of BTC and that the decline will stop only after he sells all of his million or so Bitcoins and retire on a pretty good pension.

Oh yeah, market isn't boring anymore because things are now heated up in the space.
I don't have enough knowledge in this crypto market but I do believe it seems many people are still buying in at these current prices. It seems we're awaiting an incoming future. I also do wish all the bad news will come amidst this turmoil so that we could get over it once and for all.

Don't fall for that nonsense. He stated in a recent video conference that they use BitPay to convert their coins to fiat in order to pay bills and whatnot. They had over a year to allocate their BTC holdings to pump up the price of BCH, which they kept doing, which means that they are running very low by now, especially if they are selling their last bits and pieces.

You can look at all the addresses containing coins we assume belong to Satoshi, they are still in their wallets doing nothing. It amazes me how people take these BCash con artists serously, they don't deserve any of our attention. Think about it, if a few silly con artists can do this to a market, don't you think the government would be able to nearly wipe out this market if it starts trying? Just wake up already.

We have to accept that the market is going down because it didn't bottom out yet. We have almost completed an 80% correction with today's low. XRP isn't going down much because it already found a bottom.

Sobre but accurate. We've basically got media on both sides who've got mouths to feed and outstretched hands to lick. It's all respectable and proper, so long as everyone in on it understands this. Truth be told, I've always believed Bitcoin was as capable of hitting incredible amounts we can't realistically imagine, just as it's capable of hitting lows, and with equally mind-numbing speed.

The experiment's on, and it's really just working out as we can expect. Amen on the contrarians, though their victory lap's a distance away yet.

When did it work for forum cave trolls like us who cannot trade and analyze the market good enough hehehe. However we can find peace to this by watching the experts making funny predictions that none of the forum cave trolls trust anymore.

$1500 is not too bad, two years ago this time the Bitcoin is at $800? If my memory serves me correctly.

Hmm. More than a few people paid over 10x more for a coin than that figure. Let's spare a thought for them at least. It's likely that if they stay put they'll be fine but I'll bet they didn't sign up for those types of price levels.

@monocolor. Not too bad if you have or can buy beginning at that price. However, it is very bad for the people that bought bitcoins on $20,000. They will be losing 90% of their investment.

From that position, is bitcoin a good investment?

Thanks, yeah, like I suspected, my mind was manipulated more likely than not. I think I watched too many videos with those two guys lately and started attaching more importance to them than they actually deserved. Actually, I would be very glad if there were no individuals with that many coins to manipulate the market to such a degree. Do you personally think this is the case? I mean, are there no more so called "whales" already?

Some of them have sold near the ATH and have made a decent profit, others have sold and something like $8,000 at the beggining of the bear market. $15,000 existed for a very short period of time, so there's actually very small amount of people who still hodl coins bought at that price.

It do really just like a common melody into my ears on such speculation or rumors seeing that price might go on that lower of sub 2k or 1k+ up price.
Same as yours im not already surprised if it would fell on that range.If there are sayings then there would be a possibility.Just like on what we have read
commonly on speculation on going back to 4k range when bitcoin is tanking on 6k.We didnt really even expect on such small span of time.

Definitely not anybody would have thought at those level and does not seems to be reaching those levels. It will recover and bounce back from here and have a great year end rather than making people unhappy about the prices. It can even replicate some high like last year and first target should be 10k if we can witness some bull run starting soon.

I agree that this market is really manipulated by huge whales but what I don't like many people is much more excited to see btc to fall to $1.5k even though they are a big supporters of btc. It's okay to be prepared for that event but we are just convincing the mindset of other newbies to sell their bitcoins because a lot of btc community are happy to see it go back to $1.5k.

Mining cost is much higher. BTC won't fall so deep!

I also predict the price will drop below 2000 USD, this is a natural thing and will make BTC return to prices in 2016, maybe all trades will be netted at 1500 prices, if indeed BTC will drop

I am sure there are plenty of whales actively trading the market, but we don't see them be a whale because they are trying to cover that as much as they can. On top of that, whales are competing with other whales, so it's not that they have any sort of ability to instantly pump or dump the market to whatever levels they think the price should be at. I think the term manipulation is a bit overexaggerated.

The main problem is the lack of liquidity. When stop loss orders get triggered because of people's panic selling, and there is no liquidity to offer any sort of resistance, the price dumps hard. We have seen that with how the price went down $1500 in just 24 hours.

1500$ is not too bad if you are planning to buy, for sure
bitcoin price was in the 600-900$ range this period of time two years ago and nobody complained:
https://www.buybitcoinworldwide.com/price/
and it has been under 1500$  until May 2017, but if you HODL or bought at 7.000$ or, god forbid, 15.000+ , the price is not very inspiring
smaller miners will cry tears too and it could lead to more centralisation if the drop continues