Bitcoin Forum

Some years ago, the blockhain was amazing, a technological revolution. However, now have converted only in a speculation object.

I think that the 'whales' will remain making money until BTC get 1000$. The 'big players' are selling their crytos after small risings, this make fall the general prices, some small investors sell their cryptos, and when price have falled some %, big whales buy other time, and this is a bucle, however, the risings every time are minors, the prices of the cryptos every time are lower. The normal price of bitcoin should to be 1-10$ with an stability price, isn't normal that their price was 15.000$ some months ago, and isn't normal that in some days their value could fall 20%, while these things ocurre, cryptos will not used for the transactions of the day to day life.

Then it will just go back to it's original price that was the most stable for quite some time :)

I partially agree with you that anything can happen and price can also go so low as you have stated but at the same time i hope that it will not happen, as big investments are at stake but the reality is that bears are completely dominant at the moment and they are not ready to give up as yet.

That "speculation object" can't go to one direction to make money too.

I do not agree that crypto became a speculation object and only here to make money, I still believe in the project and there are more places that accept bitcoin as a payment compared to previous years so it is becoming one of the payment options people will have in the future (and even today in some places) but even with your logic the price can't just fall.

How would anyone make money if the resistance is too strong and price keeps falling and falling, shorting can give you only a set amount of profit if everyone keeps shorting and no one is buying, hence eventually even the manipulators and speculators will have to realize they might be whales but they need to increase the price after a while in order to profit.

I would not want this to happen, but it seems to me that this will happen soon. That "whales" will sell everything and the price of Bitcoin will be very low.

It can happen, but i want to see Bitcoin price going below $2k7 first, $2k7 is big bitcoin bitcoin support point now, next support point is $1k8.
Bitcoin price can be lower than $1k but it will not die, when price goes down, i will buy more Bitcoin.

Btw, move the thread to Speculation.

None want to have this situation because every investors,traders already have faced huge losses . Many experts tell that bitcoin will touch $1000 and ethereum $10 . Yet is possible if this decreasing continue..

they are very good at manipulating the market and also they are very clever at making issues that cause many people to panic about the very drastic changes in bitcoin prices
this kind of thing is of course very disturbing for people who use bitcoin as a daily transaction tool, because they risk losing the value of bitcoin itself, as time goes by
that's why, new coins with stable value are needed, and of course they must be centralized

for now i want to assume that this will not happen,because if this should happen,then is not good enough for crypto.it means we will be looking at years before we can have bull run.

For some reason, now there are so many pessimists coming from crypto users. well, even though the trigger is a big price drop, I think this is back in 2015-2016 before the bitcoin price rises high. well, it can even be said that this is a fairly normal start to the development of bitcoin in 2019 again.

Anything is possible in crypto, Bitcoin price might as well dropped that low as we are seeing that this bear market doesn't seems to want to give way any time soon but it is something that has happened before as I just read in an article this morning "During the last bear market lasting from December 2013 to January 2015 Bitcoin fell from $1,147 to just $177"  so I believe this is one of them times and will pass again.

Bitcoin to $2,000 is applicable but $1,000 is too much. It is volatile so anything can possibly happen.

ETH to $10? oh no please don't tell that haha. I doubt it and I just can't though I'm well prepared for anything.

All that can happen, but it is only speculation. No one can predict how long the market will continue to fall.

Although cryptocurrency is currently not suitable for everyday transactions, I think it will be possible in the future, because when the blockchain is widely used, the crypto it carries will be used more.

You may be right op. Bitcoin may actually fall to $1000 and Ethereum may fall to $10, but that does not mean that this will be their permanent value. Do you even realize how volatile this market truly is?

Bitcoin may bounce back to $10k or drop back down to $2k due to a specific reason or no reason at all. Don't bother speculating op. Its all about selling at the right moment. I suggest HODLING your coins and tokens until the next big rally instead of panicking like crazy.

With what has happened over the last few month,i don't want to doubt that we can have bitcoin drop to $1000 and eth to $10.We can only hope that this will not happened.

I don't agree with you mate with regards to Bitcoin and ethereum to plunge down to 1000dollars and 10dollars respectively, most prediction roughly more than 90% have failed. I will advice you  to stop the idea of prediction and start trading with your portfolio and makes some profit whether bull run or bear creeping.

That's the thing is every single person is worried about, it is unpredictable and continuously dropping the value everyday which seems like it will go to 2k in a month and eth will go to $50. Crypto needs a strong comeback to retain its reputation else investors will lose hope in this, but there are people's who have invested for long-term and don't worry about this stuffs.

I think the value of the blockchain comes mainly from sharing. It can share many information and resources with people around the world via the Internet, but crypto is different. Its current state seems to be used only for investment!

The assumptions and predictions are all free because we have all the freedom to express whatever our opinion that base on the terms and law of cryptocurrency cycle. However, it is not reliable to follow the predictions because possible that it can ruin your entire profit or your whole tokens. This time is the right time to think more of what is goin to happen next after this dramatic market decline. To focus on the future could be much better than thinking of things that doesn't even exist or real because it is all predictions.

I won't be happy to see bitcoin at 1000$ because I want some profits out of my holdings but at the same time if that happens I will be able to get some bitcoin for myself as I never have one at the moment ,it might actually take some years before we see another bull run again

I disagree with your point of view, although the logic of thinking is correct. But the whale's IQ is several times that of the average person. They won't be so simple to let you discover the rules of the market. In fact, the cryptocurrency market is irregular, and they can let the cryptocurrency market boil again at any time.

Bitcoin falling to $1000 is not impossible anymore with the level of situation now,but i wish we don't have to come to that level,i am just hoping for a rise.

Why is this a normal bitcoin price of $ 1-10?  Its price depends on capitalization, because it is called a bubble ...

I love your analysis @OP but with the way it is, selling of my assets now will be a big loss. I have invested too much too quit now so I will keep on hodling

i hope it never happen, that was the worse situation if eth fall to 10$, if that happen i would retire from crypto.

If you follow the market, you can remember that bitcoin began active growth with this mark but no one knows exactly what will happen in the near future.

This comment only allows people to frighten and panic. and negative thoughts for the crypto market. I don't think it's right to make such comments. In this market, it is almost impossible to know how much the prices will fall or rise.

Time will show what will happen in the market and to what level will drop bitcoin and Ethereum but I can only say that I believe in them and what would be the price I will always buy them !