Bitcoin Forum

Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?

What do you guys think?

It might go down to around that price, but the trend has in the long rong always been that the price has been increasing. I think we are faced with two possibilities. Either the price continues to follow that trend, i.e. continues to increase, or something really major (larger than the fork or regulations, Bitcoin is resilient enough to survive those) happens and it crashes/dies out.

Yes, I think it belongs around $700.

But I am not mister financial wizard.

No, the bubble was a little while ago out of the ETF hype (which wouldn't have made people invest straight away anyway).  I think that Bitcoin's price is going to be pretty stable around this price unless a hard fork is imminent in which case it might drop to a minimum of what it was before all of these huge price increases started happening (around early December).

What's the forecast / target price for BTC by the end of this year then??

@mr.mister
On one financial article I was reading about Bitcoin (might have been on Forbes or a similar site) I saw most financial experts interested in bitcoin stated their estimates for the close of the year are between 1500 and 2000 USD (wow that crazy right) and two of the interviewed experts said their estimates were 2500 to 3500 USD, even more crazy. this seems significantly too high but all of us with large amounts of BTC will be glad if those estimates are anywhere near correct. I think that this article interviewed only 10-20 investment experts so take these estimates with a grain of salt.

I'm thinking the same thing ~$800 could actually be the next price floor of bitcoin in the next upcoming months. I feel like there will be some dumping that might happen before or after the fork. This is just my 2 sats.

there is no fork yet. none of it will happen until they see there is good money to make. the greedy bastards has to accumulate BU on the exchanges yet before this could happen. once they find the volume to be quite good then that's the time they will split. thats when price will hit the canvass.

It is very possible that BTC's price would go down to the 700-dollar level if the hard fork will push through. I believe after hard fork, the market will be in a chaos and crazy price swings will be present. Many traders will be in the prowl waiting to make money out of that chaos. But in the long run, either of the 2 coins will be at $1000 again. On the other hand, we must remember that many developers still think that the hard fork has a fairly low chance. With that in mind, we might have a very stable price ranging from $1000 to $1200 in the coming months. 

I do wish people would stop calling any price rise at all a bubble.

A bubble is a totally different beast that takes your breath away. This was a rally/rise.

But yes, 7-800 is eminently achievable. I don't think it'll be down to a fork because the likelihood of one is remote, but if there was one most of us would be dreaming nostalgically of 7-800.

Wont happen untill 30% of the cold storage gets dumpt because of a brain error. I will buy bulk if that ever happens.

Totally agree with you. what we saw over the last 1.5 years was a healthy and steady growth.A nice bull run if you want call it like that.
A Bubble is indeed a completely different thing. People should have a look on the chart of 2013!Two bubbles occured in that year!
And yes we can go lower as we are right now. We are in very unpredictables times at the moment, thus we see this in the markets.Bitcoin's dominance at an all time low, shitcoins in a bubble and gaining more and more traction.

I feel that the price of bitcoin won't fall anymore. Possibly it will be standing above $1000 by the upcoming months. The reason is that bitcoin has the potential to withstand hard situations, because long back itself bitcoin have faced several such issues in its path.

Well, the only issue is that the people are panicking and thus the moment we almost break resistance we always fall back down with red candles. Until we resolve the BU and BTC + Segwit as well as the HF situation we'll continue moving sideways or down. There's just nothing to trigger more buying because there's nothing actually good that could happen to cause this. Of course we have withstood bigger situations without much issue but at this point nothing is getting done and it's just a stalemate between BTU and the rest of the bitcoiners.

well right if you see more problem was already been solved before and the fluctuation still ongoing i see dump but new investors are showing interest and from that dump another rises up will happen those new comers are also taking advantage of this value maybe 1k$ is possible for new ath, hope we wont to see downfall anymore.

Yes, a slow progress never be the characteristics of bubble. Now also bitcoin prices are showing more stability around $1050 levels which is always would trigger up surge at any time. I do see this topic is just another FUD but making us to have secondary thinking I mean we cannot ignore this types of arguments on first read itself. I am not seeing any sudden fall of bitcoin prices in any near future.

Along with soft fork, we are going to test $2000 levels in second quarter of 2017. A hard fork may follow the soft fork based on the feasibility of soft fork. Bitcoin's success is its community. We should not get it split. Being united must be the only way to stay strong.

Well, not anymore. It was definitely in bubble right before etf.
But its seeing 800s-900s-1000s cant be bubble. There are still long term holders. Even with fork discussion.

I don't think so . Maybe  there are some bad news for bitcoin but it could be an intended decrease from big whales after bitcoin had a hot increase from this early year and so it will need some corrections through some bad news. I think the deadline is around 950$ - 1000$ for sure.

- Tighter china regulation and fud regarding PBOC investigation have already caused massive dump few months ago so i don't think it still have some effect on market.

- Rejection of the ETF by SEC is also an old news

- The only reason we can assume right now is the fear regarding possible dump after network split, but i don't think that gonna happen.

- I will be happy to buy back at $700-$800 range, but i don't think price can go to that level  ;D

That's all of the bad news about the bitcoin. But in my opinion if looks the upcoming hardfork is to be the serious problem and it will give a lot of the impact to the bitcoin market. More people will feel panic to sell his bitcoin and looks like bitcoin is dying right now. $980 and it's really bad. I think the maximum bottom for the bitcoin is $900. I don't think if the bitcoin will go lower rather than its price.

the possible fork may really be dragging the price down to less than $800. investors already flock after seeing the price of BU started with 200usd, they are buying BU to full their bags with it. the cheaper the better. the bu existence on exchanges will soon prove to have volume and thus serves as concensus to decide the splitting of the chain.

It was clearly a bubble when it hit 1270$ but not now.

Normal bottom price should be around 900-950$ at the moment. If it goes lower than 900$, that would result in a disturbance and can cause serious anomalies in the normal timeline.

But fear not, if it goes lower than 900$, it also means that it is cheaper than it should be

People are wondering why the price is just continually sinking and not coming back up. It's a combination of BU, scared investors, and the supposedly upcoming hard fork which will be horrible for us. It's no wonder we're all going down with all this drama going on right now. I'm sure we'll rise right back up after this is all over.

Or now is January 2014 and we are starting a long descent before the recovery starts again!
I hope that isn't the case, but it isn't impossible.  Wasn't it at about that time when the alts started going crazy too?

We'll see soon enough, but I hope we get back to $1100 soon, then I will believe that this isn't the start of a big decline.

Alts are no big deal, they're in their usual pump and dump cycle that wears out quick. The real thing you need to worry about is all of this BU shit that will decimate bitcoin if it ever happens. One of the reasons I'm firing up my old miners and hitting core pools

We are declining for over a month now. It wont get any furhter. This is the time to load guys. Big profit guaranteed in a couple of months.

If people are wondering why the price is going down, then they obviously don't know where they have put their money in.

Every serious minded investor thinks through every dollar he invests into something, and when things are about to get serious, he also knows what the reason for that is. It says a lot about people here..

I don’t think so.

The price is high compared to the average price is bitcoin history, sure, but really the price has been slowly rising instead of going up by $500 a day like what happened back in 2013 as the person above me has stated.

The problem with the 2013 pump was that the price went up too high too fast, and this time it’s different.

If you want security, simply sell your coins and wait for this hard fork thing to settle. But that way you are probably going to miss out on potential profit generated through this time period.

Well amigo, that $700 price is a mind-flip for me. I still cannot decide whether to buy as many bitcoins as possible or to let go of my current BTCs... do you think it is still a great idea to hold on rather than moving into an altcoin?

i think if you can hold it for a while and if you want to grow your bitcoin amount, then you can do trading altcoin but this is only if you have knowledge in trading. if you don't have any knowledge, its better to hold your bitcoin and don't even think to investing in any programs in out there because you don't know if its works or not.

Right now price drop with bitcoin is continuing, same time few other altcoins were on the rising side. So as suggested altcoins trading is profitable for people who have knowledge in it. Else holding will surely profit because till date bitcoin have crossed several hurdles that were found on the way to reach high.

Yes, i definitely think that bitcoin is in a bubble right now. The price is too high for no reason in my opinion, even after the ETF was rejected and there are rumors of a hard fork(actually not rumours now but rather a very real probability that there will be a hard fork), the price has stayed almost the same.

I’d rather see bitcoin at a $800 level than at a $1000 level right now, that would reflect that the bitcoin price isn’t inflated.

But still, i don’t mind having a chance to sell expensive coins… I’ll sell now and buy back later.

LOL!

It's still a potential threat of a hard fork, and that's all it is. People wildly speculate while they have no clue about what will happen. It's all speculation that hold no value. The only entities knowing what will happen are the miners themselves. Nothing has changed in that regard.

Bitcoin at $1200-$1300 could be seen as inflated, but not when it sits at $1000 as that was somewhat of a steady point.

Good luck with that, and I am sure people will thank you for your coins at current levels. :)

Double top at $1200.  I'm nervous about a bear market to $500.

Bitcoin to $500 seems unlikely and I had said before the drop that it could go to $900 or lower. I think $500 would only happen if there was a hard fork.

yes but the time is right for buying some coins. what best we can do is we have to wait so that price again go high but it needs a month of time i feel. but btc is not at all bubble coz we all know how it has progressed from many years, today is little bit in difficult situation for sure coming days will bring us hope. Keep things so that you will adjust at this situation: keep faith in btc and have patience till you see the price is high.

Exactly, and that means it's really impressive how little Bitcoin has dropped.  There was a lot of hype and arguably pumping with the Bitcoin price, but I start to think that it wasn't pumping if really negative prospects of a HF don't send the price below $800 at least.

a fork would be good for the price of bitcoin.   

the price is low because of uncertainty, a fork would give stabilty, so the price would go up again.

I agree. Just cut out the rotten part to let it go up again. Worked fine for Ethereum.

How did you say that bitcon is bubble you meant that bitcoin can be disappear anyime? rejection will never bitcoin result daed it will be always a bitcoin why you people losing hope? Once the bitcoin price fall? What is the reason keep holding and don't lose hope everything will be fine.