Bitcoin Forum

I just came across this news today that Bitcoin could revisit 3000$ said the guy who first predicted Bitcoin crash to 3k, I wonder what this is all about, I refuse to accept that this is another Coronavirus punishment on the market, if you are holding top altcoins you should be ready

Where did you get that news source, I hope you can provide the news link in this thread.
Do not trust any news from untrusted source, you should check the source because anyone can make their own prediction about Bitcoin price.

Predictions that are mere guesses from people who claim to be experts in crypto predictions. The poster should provide the link of the news also if he is sure he got it from somewhere. Everything on the Internet has a link to go with it, unless it's just speculation of imaginary news.

We will appreciate if you could mentioned who is this first guy who predicted the crash. I would like to check the authencity of its statement. Many are doing prediction and it isnt hard to do some talking about the price without any wrong statement due to volatility. Also there is a chance that he just got lucky of his guess. Dont you think? Many even says that bitcoin can be 15k during this time but as usual no one can be right especially if there is a crisis that come unexpectedly.

I don't believe in any crypto experts, they make predictions and still hope it comes true, they aren't angels or demigod that can see the future, this guy is probably lucky for the predictions to become true

Link would be nice so we know who are you talking about here and what is his basis that we will have another price dump. But a lot are already doing their own price prediction among many self-proclaimed experts. So there's nothing new to this "news". And if their prediction will luckily match with actual events, they will be more arrogant with their predictions.  ::)

Yes, and to be lucky in crypto, of course there must be research on what hasn't happened, even though we can't guess the future, just with a little research I think it is enough to help someone to be lucky in cryptocurrency.

don't believe whatever people says because they got a prediction right sometime ago. it works for them back them does not mean it will be the same. the market is unpredictable. it was discovered that some of these hypers intentional make this prediction to dump on the market or create an avenue to fill their bags. you don't have to trust these people.
the market respects nobody and you should be aware of this.

Predictions aren't always true, do not rely on ones predictions because they are lucky to predict one right, crypto market is unpredictable and you need to have back up plans just in case

It's simply just another prediction which might never happened, I've stopped trusting crypto predictors because in the past they've mislead me and lose some money, now I start believing in myself

I don't think it is the best time to hold some altcoins nowadays, even they are top altcoins or with huge market cap or volume.
It's kinda a pain in the ass to see the dumps. Even if you will see on the Bitcoin's chart, lot of wicks in higher timeframes, some huge dildo candles.
If these dumps and the bloody market will continue, altcoins will blood too much here compare in Bitcoin for what I see, especially those altcoins that has a very low market cap, they will really bloody for sure.

Predictions still predictions, and that cannot always happen. You don't need to worry, but you must prepare from now on so if that prediction comes true, you can know what you should do. You should analyze by yourself based on that prediction so you can get more sign about what will happen to the market. Maybe there is something happen, but we don't want to see the downtime again, but no one knows about that, preparing ourselves will be the best thing that we can do.

I could believe it will hit $3k again only if stock market will crash again. That is the only reason I see that can lead btc to fall yet again

Many people said many things before that crash and they also said many things after that crash. Some even say that it will go under 3k after that crash. Some people spreading fake news and some people just predicting without any proper knowledge about the market. One man prediction was right one time that doesn't mean he knows future.Is that guy is a crypto experts?

Lol this is a speculation that has already made by OP and it looks like that he was not even mentioning anything about that. As you can see that if this is talking about the possibility for another rejection or i can say if that was very similar as a resistance to make the market goes to the bottom again.
This is not yet becoming the true story and the market is about coming to the resistance level. You must understand it better dude

John Mcafee said Bitcoin will go $100000, go and buy some more BTC now. Will you? This type of prediction has no backed up thing, they are just talking some bullshit.
As I always say, I don't believe TA because TA should have a longer period of history to evaluate the price of a commodity. Bitcoin economy is too much young to use TA here.

As far as reaching $3k, well the recent crash have shown that the price could be slashed by half in one day. So it is in the realm of possibility. However, it will take another negative news to push the price to that low. So far the covid-19 scare has subside already and it looks like the market is back to its very volatile nature.

If one should be ready, it is to buy more cheap coins when the price nose dive again.

@OP, don't fall for such rumours because they are just to cause fear and panic among crypto traders to sell cheap but if you have been in this industry long enough you would definitely not give much attention to this. Whatever thing that you hear make sure you are never selling all your holdings and you only sell when you are in need of money or when  you feel appropriate to.

Do not believe in anything you read online especially from predictors, they are just trying and their guess aren't always right, you need to learn for yourself and make decisions yourself

if you see other market like stocks its actually possible to decline the price that low its already happen last week in bitcoin how ever i dont see it in that price for long there will always a currection that will pull the price up.
And the upcoming halving will also help the bitcoin price to increase so even it is happen it will not take that long time.

You should have link us the news here so that we can see the TA. But I would agree that we are still somewhat in the bearish trend. We are not out of the woods because of the pandemic as stocks and crypto are somewhat in a wild swing.

What do you mean by if we are holding top coins and be ready? Dump or buy at a discount price?

Let me share you a link where it says the bullish are on the way, https://www.google.com/amp/s/cryptoslate.com/a-factor-that-predicted-the-bitcoin-crash-in-2018-suggests-bullish-action-is-ahead/amp/

Mate, predictions can be given by anyone even me or you.. right now the market is very volatile and no one exactly knows what will happen in upcoming days. Let's wait and see how it reacts in this challenging phase.

Saying the price of bitcoin will return to the price of $ 3000 without any clear source is bullshit news. This can be said to be an unclear FUD from where the source is.
If you only know of someone who can predict bitcoin, you should ask where the chart analysis evidence is. Coronavirus does have a price reduction effect, but it's not completely.

Prediction is not necessarily the same as the actual market situation, even a prediction of an expert will not always be true.

today many FUDs are being disseminated about Bitcoin travel and where bitcoin will go. All of these FUDs are just drama scenarios that are widely shared by people who do have an interest in controlling the market as they wish.

With the current situation where almost entire of the world going under lockdown and tomorrow is unpredictable, I would not be surprised by any flash price change. Though the situation would make it harder for people to cashout and use crypto. So, I believe, there are lesser chances of price going below 5K again.

I will always ready to head everything that will happen. I know the risk that must I will take when I invested my money to cryptocurrency. Because I know as well how benefit that I will get when I invested my money to cryptocurrency. Like a few days ago, I spend $100 my money to buy an altcoin and it wasn't took a long tme foe me to gain $25 from the altcoin.

Whatever price that will reach by bitcoin or altcoin I will accept it. I have been faced many thing when I started to invest on this place. Indeed an experience will bring you like this act and your knowledge will bring you to gain money as much as you can. And the last I didn't have any mentor to decide when I should buy and sell, I just do myself.

Well your findings aren't validated because you're unable to provide us with the source of this information. The market has been known to be the most volatile assets, it volatility make it price to varies compared to other assets. So, seeing going g up and down of the market make me resolved that, nobody can actually predict the movements of these assets called virtual currencies.

If the price fall down back to that speculated price, I will be more happy to buy for another profit taken within few weeks from the purchase. When the price hit low I bought at $3,845 and sold at $6,174 which had earned me a decent profit.

Predictions are just predictions,if you trust the person who predicted it then decide on your own risk.If someone predicted the price correction few times means he can't be correct all the time with his predictions.But now there is chances for price declining as well if this pandemic got no control in the near future but you have no other choice left with when whole world is facing crisis.

Indeed. It's you and only you can decide the fate of your investment, if you believe in such prediction then be prepare to position yourself. If you are holding some assets then sell it and wait till that predicted price has been met then buy back and wait for another bounce. Logically it's about how will you handled such things and always remember that it's your money and it's your call.

Everything is possible, of course, but I think this will not happen, because manipulators very quickly returned the price of bitcoin to 6k$ and in general the price of bitcoin below 4-5k$ this year did not fall, so I think that now the price of bitcoin will not fall sharply and maybe there will be bitcoin growth.

The return of Bitcoin to 3000 thousand dollars is a very likely scenario until the end of March, further to Halving, you can not expect big rebounds. This is a new reality of cryptocurrencies. :-\

Yes, I heard it too, Bitcoin price can go under 4K USD once again. That will be not a problem if you know when to off and when to start. Right now, I am looking closely at the Bitcoin price because it is so confusing because the price is going to up and down every day! As I am in home Quarantine maybe I need to put my Bitcoin in hibernation too!   

Lol
Do you believe what they say? If someone says that Bitcoin will return to the price of $ 3k. What if you meet someone and say that Bitcoin will break $ 20K?
Each person has opinion as he wishes. Actually it is only the thought of someone who is transferred to the public through the media. It might happen, maybe no.

Why until this march only? Do you think the cure for corona will be found in that time period?

Definitely not,it will take months or even a year so this uncertain condition is going to last longer until end of this year but taking risk is the first step for getting more profits,you can't make more while you are in safe zone.

Everything is possible in the cryptocurrency market, many people think that bitcoin will rise to $ 50,000 in 2020 and some people think it will drop to $ 1,000.
I personally think that we should continue to do our job well and achieve the set goals, not to let the predictions influence people's decisions.

Bitcoin returns to the $ 3,000 or lower price level is entirely possible because the cryptocurrency market is unpredictable.
I personally think that investing in the cryptocurrency market is risky but it will also bring big profits, we just need to be careful with our decisions.
I am currently investing in bitcoin and some other altcoins, if bitcoin drops below $ 3,000 I will probably switch to long-term hold.

First thing first, i do not think as an investor or hodler, you need to read fud news almost everywhere.
There are predictions everywhere across the  news.

You need to dyor and be independent of your views so that no fud or fomo could make you panic.

You don't have to believe what someone had forecast where the price will go, there are hundreds of these people doing that on twitter. I go over to the replies of their followers most of them are disagreeing with it and some also agrees. The risk is always there whichever you wanna believe. But tell you if you just hold, nothing will be lost but time.  Lost opportunities are for the ones who knew how to trade.

The news is inaccurate because there are no sources. Someone can predict whether it will go up or down but you have to know, because the prediction is not always true. I see the state of the cryptocurrency market is starting to recover because in the past two days btc and altcoin rose quite significantly. Halving will not be long, my friend, hope you already have btc.

I think the members here are mature enough to know that predictions, analysis and predictions can never be true all the time, sometimes they do reach the targets but it is not a big deal, personally i do not think that btc will drop to 3k again i think 6k can be good support from here untill everything is back to business.

Alot of these news has been flying around since , I don't see it as new. We will be here when everything will happen. Everyone predicting BTC to 100k and also to 3k , we will see how it will play out and when. Just don't spread the fear.

Though I don't know the down level but it's sure that we are gonna see another dump in the crypto market, and I am afraid that it can make the lowest price for bitcoin after the mid of 2017 or it can stay at 5k zone! Anything is possible in this world crisis, better to look carefully the price movement and keep converting your crypto to USDT to avoid the massive dump!

It's not the spreading fear, it's the truth. I am sure you already have seen Bitcoin hit 3800 USD last week, and now when many people are dying throughout the world by the coronavirus, so, it's simple to think that all the financial sector will have a down race anytime soon. So, everyone should be prepared for it, not to get fear rather aware!

Would be really lovely to have seen the source link. Well most times those predictions happen by chance and the experts are lucky but I don't think all their predictions come to pass, we hope that price would go back and be stable, but talking about altcoins, I also think it's not the right time for it,one buying it now should be ready to hold a little more.

we must not be too confident about these people's predictions, because that is only speculation from that person we must be sure that the price of bitcoin will continue to rise.

You didn't provide us link to the prediction, this sounds like a make up prediction to cause FUD. When expert says the market is going to dump, I hold my position and when they say the opposite, I act the opposite too. I don't trust any prediction, expert have been wrong many times and they don't apologize about that.

It's just another speculation which any could actually do at the present situation of the world market and the ravaging health crisis.  I don't really believe the market will crash to $3k when halving is around the corner.

The financial sector can't run normally and even whole sectors are getting affected caused by that and that means if the economy in a country is getting stuck and it can't run properly. That makes the country becomes unstable caused by the financial ecosystem is getting stopped caused by this virus. Just prepare crypto for the worst thing that can happen anytime.
People already aware about that since this virus has become pandemic.

When people say something, it is now left for you to be able to discern properly well what they have said. Sometimes, it could work well for you, but most of the times, you might see it not working properly as it ought because it is one-sided. When you see predictions, avoid making direct use of it. Also, try as much as possible to do some analysis by yourself.
@OP, your topic shows that you have already resolved on something, pls, try checking it well before taking any step.

In as much as this is a type of truth that we often don't love hearing, so far the global crisis caused by the coronavirus pandemic still exist, the entire market will be subjected to frequent up and down.  For a whole week now, in as much as the price of virtually Every cryptocurrency is low, we've seen quite a stable karket but I'm very optimistic that after the end of the spreading of COVID19, the market will bounce back normal

I heard the support is very strong around $3400 so most likely btc will still fall to that level before before climbing, but remember this are just personal insights from those who can observe the chart properly, so if you are not sure of the market situation, better to stay on stable coin or usdt until you are sure, I also read it somewhere not coming directly from me.

I agree they are just wild guesses from experts who don't totally control the flow of the market. They might guess the price to atleast close but not really exactly to the point they guess exactly to what they said.  They predictions are helpful as guides but still don't put full trust on them rather do you own thing when you are trader, trust your instinct and check the market from time to time.

when we invest in crypto we must at least be prepared to take any risk, as for predictions only speculation can not be a guideline, because crypto is very fluctuating anyone can predict without having to show strong evidence.
The crypto market is currently bleeding so it's natural that there are people who want to scare investors into achieving their desires.

I guess we should rest for a while and I think there's no need to worry because even theres another price falling again still it won't change the fact that the price will rise again soon. It better to keep believing because we know it's only part of it and it wont last longer happenning, it will change and give us us lot of profit in the end, just have patience .

Actually, this post will be more credible if you include the guy who predict about the bitcoin, especially the link where you have read the news about that, but anyways, Corona virus is still spreading the world, so I am also expecting that bitcoin will continue dumping, so always be ready and use this situation to invest more.

well, it's just a prediction and not necessarily true.of course, you will hear several rumors or news in this condition.
and for alt alt coin it will not be affected much and will follow btc.

As of today Bitcoin price is at $6,200 base on cmc. Bitcoin had already passed through closed to such price, I don't think that it would going fall down below $4k, but if it would may be it will just going to remain between $4k and $5k somewhere between that. However if the market are really that unfortunate, and it really did crashed at $3k, I don't think that COVID has something to do with it. May be there is something shady happening behind, some sort of manipulation? in my opinion. Anyway, with that being said we should be ready in terms of buying more, fund allocation on providing which coin to buy if that big dump would going to happen.

It seems the virus have stop affecting crypto market but the virus keeps killing more people everyday, or maybe people have already stop worrying or panic anymore

that's not necessarily true of course someone will say the prediction.
or making news so excited that people become fomo and take action to sell / buy.
you should not trust any news before do your own research or make sure the news is falid from good source.

You can´t expect new bull run when people live in a fear of disaster. Corona virus is a real problem that could cause a collapse of financial system, so give me one reason why people should buy Bitcoin in these hard times.

The person could have back-up his or her prediction up with good and holistic information. I strongly believe this is a pure hoax. If the other way round occur and the price of the bitcoin boom what do you suppose to be the reason behind it? It has become a norm for people to speculate especially at this present moment when the globe is witnessing a plague. This will not be the end either will it be the beginning of bitcoin rise and fall

Anybody can come up with any prediction of what will likely happen to crypto but that does not mean we should be bothered or scared about that.Everyone is just say one thing or the other on what they assume may likely be the outcome of crypto. The prediction may be true or not true. Absolute focus and attention on what profit crypto will bring should be a major concern of all crypto investors.We should not be disturbed by feud news that is spreading around about crypto. The truth is the price of crypto do go up and down. The of market boom is what we should watch out for.

Anything is possible but as of now, I am doing the necsaey things so I wont be forced to be turn a long time holder. Not even at this time. Preparation is key to any success in life and that's what I always do.

During quarantine, we have the opportunity to really study the news in the field of cryptocurrency and also in the financial sector. The world is changing right before our eyes and cryptocurrencies are becoming very important.

Let me answer this thesis-question. Digitalization will lead to the popularity of cryptocurrencies and there is no other alternative except BTC for reaching financial equality. There have been harder times than today's pandemic called Coronavirus but the financial markets are a bubble that pops in the seconds after the mainstream news. This is how capitalism works.

We can't really say that it has stop affecting crypto. The market is really on a wild swing in the last 3 days, so it might possibility still putting some investors into a sell-off mode. I guess if we have prepared ourselves from the beginning of this week, we shouldn't panic, stay indoors so that the chance of being infected is slim. And just continue to invest or trade at home, just saying.

Obviously when things go too high it will be going down a bit more to get regrouped, that is how things happen here. We call it correction, nothing gets too high without dropping a bit later on. Bitcoin moved to literally 6.8k as high as I have seen, don't know if it was higher anywhere, which is why it is normal that it is under 6k now, I do not understand what others were expecting, that is literally all we can hope for. Now at least we know that bulls are back in charge and they are trying their best, that is how we go up, we get bulls on charge.

Hopefully, it will continue for a little bit more while and we will continue, if not and we start to go down from here it will hurt thousands of people that will not or can not go back in and that is when we start to screw up.

i think even if it will reverse it won't be that low as before, because as it is now btc is struggling to keep price up, it goes up and then down but some how the price will still be okey in my opinion, btc is strong and can resist a lot, so i expect it to recover soon.

I also think that in the next month or 2 we will see the return of bitcoin to a price of 10 thousand dollars. I am sure that such a strong dump as we saw will no longer be repeated because it was committed to create panic before growth

do not believe in the forecasts that these people make, if you take the time and research the price forecasts of the last 4 months that these analysts made you will see that whenever they say something the opposite happens


coronavirus is already causing a major disaster in the world, we have to keep an eye on the impact it will have on bitcoin


holding altcoin has become a great test of patience

Considering we had two in a row now, I think that was it, I doubt it will be thrice in a row because that would be really requiring a lot of bitcoin to be sold and that might literally be people who bought that sells this in the recent week instead of people who had it long time ago.

When you drop from a level you also break some stop loss and you drop even further with just one sell because it triggers more and more, however when you are going up there is usually a point where people sell and get out, that happens once, if it happens twice that means its different people, when it happens yet again that looks like it will be the same people doing it over and over again, I doubt that would be the case this time around, I can get it when it happens above 10k but here it would be weird.