Bitcoin Forum

Hi guys! What do you think, will bitcoin fall  to $ 3000 in the near future?

I think that all anyone can honestly say to this right now is maybe.  The fact that we broke back up into the $4000s again is a good sign that the next leg may be up rather than down.  But we really need to get back up above $4500 or so to demonstrate that the market has recovered from all of the recent China issues.  However, even if we do, such a quickly-hit bottom around $3k makes me feel like we still need to "clear the air" (i.e., have a good shakeout) before we can return to a healthy, solid bull run.

Why do you want to fall bitcoin to $3000 though?

Nobody know what the future brings. But if you are going to look at the current trend, its like having a consolidation in preparation for another bull run that will push the price even further. So its very unlikely that we are going to see it soon. The China effect is now over, and if ever it hasn't only minimal and will not put the price go down again compare to the last previous crash we have wherein all the negative news coming from them has significantly pull the price below $3000. If you are thinking of buying, then you have to wait before entering the market. Because I highly doubt that we may seen another sub $3000.

If it did, then it's time to sell your house, you car, you yatch, your wife and kids. Then buy bitcoins after that! The price of below $3,000 is quite the steal. I don't think bitcoins are worth less than this. I do even believe that bitcoins could reach $1 per satoshi! That's the best thing we could hope for, but it would happen probably in the future. There isn't enough bitcoins for it to circulate freely from everyone, so I think the supply will never meet the demand.

what do you mean by 'fall' ?
will it hit $3000 marks in the near future and then recover ? or will it hit $3000 in the near future and then moving downward again ?
there are 2 possibilities that will happen which are yes and no.
i believe when we heard something like this again(for example like chinese goverment banning their citizen and exchanger to trade Bitcoin in their country,and at the same time other country declare something like that too) we should see a major decline that will happen in the price.
but for now i can not see any sign of it,except that hardfork.
some people said a big change will happen and some people said it will not.

other than talking about 'fall' how about 'rise' ?
in coming days or weeks we should see another movement upward in the price.
we should be can see another all time highs in coming days/weeks.
how about preparing yourself facing that movement other than talking about this ?

I think the china news would have been enough to kill for a while any global companies... But BC did not go below 3k.
It simply means to me that there is not enough people willing to sell below 3k, and as the time passes we can expect this threshold to increase slowly

This is my completely uninformed and unreliable opinion

If there is some important CEO saying that bitcoin is a scam or worth nothing it may fall, but will always get up, that's the beauty

I think it's consolidating between $4000 and $4200. If it dips it will go to about $3500, but no lower.

We're out of nerd stage and into in adoption stage, where many wealthy people now feel they "must" have some bitcoin in their portfolio, just in case. And there are a LOT of wealthy people around...

what you are missing is that FUD only works if it is said on a correct time and combined with some market manipulation.

for example even if all the CEOs in the world say bitcoin is shit today, nothing will happen because we are on the recovery and price is rising with a good buy support that is hungry for even a $20 discount to buy in.

CEO of what? From time to time people trying to beat the price by talking that BTC is scam. It is free market and open source code, so everyone who have brain know what that mean.

After this last hard fall to $3000 i'm sure there is no way to repeat this price. The worst what can happen is $3500 - $3600

There's no way to know if Bitcoin will drop back to $3000, but I would not be surprised if it did. We could be in a period of time where the price fluctuates in a range and it could drop to $3000 or below. It's also possible that the price never drops that low again. It depends on various factors including supply and demand, the economy, and current news about Bitcoin. The issues with China leave a lot of uncertainty for many people that makes me think we aren't going to see the price go up to $5000 for a while.

I do not think that can happen in the near future without further negative news (i.e: China banning Bitcoin totally). I am even very optimist that the price maintained over 3000 in all this situation.

There are so many factors, it's a very speculative market, so anything is possible

Everything depends on how we take it, the more panic that might take place just like it did when BCH was released may be seen as Bitcoin Gold's release comes near. Fall to 3000 again seems impossible though, maximum drop that I see it falling to is near 3600 and not a buck less because that was the level where it used to hold steadily. Again, it looks like a more speculative judgment than to say very genuinely but nobody wants it down there.  ;D

If you want to buy you want it down there

It is strange why there are always topics. Is OP still not understand that actually no-one knows what will be the price of bitcoin. People who try to predict the future of bitcoin is based only on the existing situation. Such forecasts can not be trusted. It seems to me that these threads are created just to increase the number of posts.

I was hoping so, with the Chinese exchanges closing there would be another big dip but market is very strong, and bullish.


It seems we're going higher and higher.

the market now is play by big investors,news,and people's like jamie dimon.we only can take the advantage by their action or maybe loss our BTC because their action.so you can't be sure what will happen in the future,no one can.

I guess he is talking about Jamie Dimon (CEO of JP Morgan) saying how Bitcoin is a fraud.

We've had Wolf of Wall Street himself saying recently that Bitcoin was a fraud too. A lot of people seem to want to get their personally timed dip to buy at the right time. Too bad it didn't work for Mr Belfort because the price is going to $5000 in a matter of days now.

I think nobody wants Bitcoin price goes down. Actually it is growing again

As the market now seems to be under the hands of big investors we're in a situation to keep hold of it. Because this manipulation will be found for a short, after which the normal growth begins. Importantly the recovery of bitcoin price is assured even though the future outcome is unpredictable.

No significant news to drive the price down, so that would be improbable at the moment. If there's any change in the general trend for the past few weeks, that is the turn towards higher highs after a bloody sell out caused by the China bans and whatnot. The next few weeks would be green, but I'm still not certain how will we fare come last week of October and early November.

Also got that new entry @ $3500, so I guess I'm safe for now.

Can it fall? I think it can but it is not going to happen without a good reason, not even all the China FUD was enough to make bitcoin drop that low, but I think the coming fork may have the strength to make the price drop that low, so if you have the money take that opportunity and buy cheap bitcoin.

If something official comes out of China about banning Bitcoin, I think it the price will drop temporarily and possibly to $3000. But I think Bitcoin will recover and get back to $5000 next year.

Issues with China won't have a permanent affect on Bitcoin and I don't think the Chinese government can stop Bitcoin even in their country. Bitcoin is established enough now to overcome those issues.

Or it could be possible that this fork ends up having the same consequences as the last fork we went through. We saw Bitcoin go up significantly actually from the introduction of Bitcoin Cash.

I see chance that price will attack 5k$ one time again
It is even logic,becouse before that China fud btc was traded at 4200$-4400$ after correct
So 5000$ untill the end of november is possible i guess

Awesome--after seeing another thread questioning whether 1 satoshi could eventually being worth a penny, I thought to myself, why a penny?  Let's go completely nuts and hope for $1/satoshi someday.  As great as this would be for those of use who are holding bitcoins, I don't think this will happen in our lifetimes unless A) medicine advances enough that our lives are much longer, or B) USD goes down the toilet and is worth far far less than it is today (not an impossible scenario).  We're talking a market cap of ~20M bitcoins x 100M sat/bitcoin x $1/sat = $2000T = $2 quadrillion. :o

I feel like that would be way too far for a currency that doesn't have a legitimate backing behind it. The market cap for Bitcoin currently is very high. It's possible that one satoshi could be worth a dollar one day, but that day is most likely not going to come in the next decade. If it ever comes, it will come when cryptocurrency is used globally as a standard beyond fiat. At that point, we don't even know if bitcoin will be the surviving coin.

Indeed.  I just looked up the total market capitalization of all major stock markets throughout the world.  The sum is around $69T (http://www.visualcapitalist.com/all-of-the-worlds-stock-exchanges-by-size/).  $1/sat would put bitcoin close to 30 times that, so yeah, not happening anytime soon at all.  And you also make a good point that bitcoin may get "voted off the island" eventually.  It's still riding its claim as the first cryptocurrency to ever higher prices, but there's better technology out there.

bitcoin fall to $3000 in the near future which mean you're attempts to linked bitcoin price after hardfork but it's too early to predict the price because currently still $4000 above but indeed the price probably dropped in the near of hardfork date but i personally expect the dropped not so fast and there is a good time to buy while the price dropped

There is a possibility. I think this will occur as we approach the date when the possible Bitcoin hardfork will commence. This is because some whales will trigger a big dump that would cause weak holders to panic sell. We will see many FUDs and they are inevitable. However, this event will happen just for a short while, maybe several days or a week and we will see Bitcoin again soaring up high and might break another ATH.

For the moment i think price will stabilise between $4300-4400 for a while before rising again then maybe a second huge dump will happens.
I don't think many people will sell at the current rate.

It depends. It may very well be that people are buying themselves into Bitcoin for the upcoming chain split this month. The same has basically happened in the runup to Bitcoin Cash, and that while a whole lot of people were looking at the 1st of August as being the much feared dooms day. If this is the reason the price is bouncing up, then we may indeed see an insignificant dump (10-15%) at a later point. It's always smart money that moves this market, and rightfully so.

Noobs will. They just need a push in form of an announcement from China to sell their stash like there is no tomorrow. From their perspective China is the main reason Bitcoin has value in the first place, so if something is about to happen with Bitcoin in China, then they will definitely let themselves go and sell. This is something that will likely never change, unless China 'bans' Bitcoin entirely.

That is a possibility but for the previous fork only a minority of the miners got out of bitcoin to mine bitcoin cash, but in this next fork it seems a great deal of the hash rate may go to segwit2x and that could cause a lot of problems to bitcoin since the network will be very slow due to the difficulty not adjusting immediately after the fork.

Yeah, there seems to be a lot more concern out there about which way the big players are going to go.  And it's not just about which way they initially choose to go, but also which way they ultimately choose to go, which may not be the same.  If a bunch of entities jump to the new fork, but a bunch refuse, we could end up with a very messy tug-of-war that cause a lot of chaos until things resolve one way or the other.  Hopefully the general direction that everyone is going to take will become clear as we approach the fork.  Otherwise, we may see a huge selloff prior the fork, if no one has a clue about what's going to happen.

For the price of bitcoin to go down to $3000, it would probably take drastic changes or devastating news for such to happen. I also agree that it would be far from possible for the bitcoin price to get as low as that. So far, the bitcoin price is now recovering and hopefully the boundary would stay at that. It may take some time for the price to go up to $5000, I believe that it will experience some dips first especially with the upcoming hard fork this November.

Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs. We will see the bottom in start of January, that is when stock markets typically tend to have a correction as well.

I dont think bitcoin will fall to $3000 in the near future. It might stabilize to where it was now since there is not much bad news and good news about bitcoin at the moment that will surely bring upon bitcoin's rise or fall. Although that is the case, even if there is something that will really determine btc price movement in the next coming months, I don't think bitcoin would fall all the way for $3000 unless it would be another repeat of Mt. Gox incident.

I think $3000 is still possible for bitcoin if there will be more bans from USA and Russia, chinese ban on bitcoin exchanges have already shown its affect and we can expect even bigger dump when USA and Russia like country will follow chinese decisions.

I doubt if they will ban bitcoin since USA is already taking measures to regulate it. If they were to ban it though in the near future, For sure $3000 dollars is achievable but it happening in the next few weeks would somehow be impossible if not there is no chance of it happening. At the very least, I am sure when btc reach that price, it would go down more than the said price.

Big investors have nothing to do with the price manipulation, instead, the FUDster or people who paid to spread fake news regarding bitcoin have a high chance to manipulate the market by affecting people's thoughts.
If you figure it out, an individual, even so, called big investors will hardly manipulate a market that has really high 24h volume. The most efficient way is by spreading the rumours.

BTC has fallen to 3K $ last month of september, this month october BTC will not fall to 3K $. I think like that this week BTC will go down a bit but ride will be high, this month and this year BTC will be up to peak beauty ;)

I would not go by what a single analyst says.  What is his/her reasoning for such a precise prediction?  It's important to read what several analysts think, making sure that you pay attention to what both the bulls and the bears have to say.  It's important to find balance so you can come to your own logical conclusions that are hopefully as unbiased as possible (though of course there will always be some bias).

Second opinions? We said weeks and months ago and have repeated it over and over that Bitcoin is fine and will be for quite some time, there hasn't been an issue that has not worked itself out within a week, and, if you watch the markets, you can usually get a return price within 24 hours.

Just want to repeat for everyone that Bitcoin cannot be a failure in long term or short term.

Why do you think that the price will hit bottom in January?  At least in the US, stock markets have historically tended to drop in the summer months (on average), and some of the worst crashes have occurred in the September-October timeframe.  This has led to the “sell in May and go away” adage.  Besides, bitcoin marches to the beat of its own drum.  I don’t think there’s much correlation between bitcoin and the stock markets of the world.  If anything, significant stock drops may lead more people to invest in bitcoin and other cryptos.

Correct I think at the end it is going to come down to which one of the chains is more profitable, if most of the hash rate can move to segwit2x and obtain profits that way then it is possible that they keep supporting that chain for the long term, but if that is not possible, it is possible we are going to see some miners switching chains once in a while looking for the one where they get the biggest profits.

Yeah.  And actually that brings up an interesting question: what would happen if we end up with two coins that each receive about half of the mining power currently dedicated to bitcoin?  Would the price of each coin be about half of what bitcoin is now, so around $2100-$2200?  I guess price and hash rate are going to have to reach some kind of equilibrium after a little bit.  Low price and high hash rate are not sustainable, of course.

;D anything that would actually make bitcoin to get low up to that right now, will cause a lot of buy in and won't stay for long cause so many people who missed the little chance of few weeks ago and did not get to buy, probably like the OP are really praying such scenario will happen.

No one can say for now, but for now, I really doubt and with the little activities I am seeing on the market right now, unless something changes it, we might see another bullish trend very soon.

At the end users are the ones that give value to the blockchain, the miners have the advantage that they were able to get some important businesses on their side, while most other businesses have not taken a stance, so if they convince enough of these businesses then it is possible that users will be forced to use the segwit2x coin.

This is why prices that are really low do not last long, people see the price and immediately think this is a great opportunity to get bitcoin for a price that we may never see ever again and that pushes the demand up and makes the price of bitcoin to go up once again.

Hmm, you make a good point--the users/investors really are the ones that determine which fork will survive since they are the ones who decide which fork is going to be worth more.  Most of the miners can go in one direction, but if users/investors go in the other, the miners will eventually be forced to follow suit or go bankrupt.  And from a user's perspective (and noting that I haven't done a lot of research yet on the consequences of the proposed changes), it seems to me like segwit2x is a good thing.  The transaction times are prohibitively slow (if I were to transfer money or buy something, I'd use something faster like LTC), and the fees are way too high.  Segwit2x sounds like it tries to improve both of these.

You guys talk about segwit2x - of course it is big step for Bitcoin, but only people that are new in crypto-world are affraid about that!
We all know that Bitcoin will stay strong for long time as a King of crypto! ;)

Yes, without any issues bitcoin will stay strong for longer duration. Now this has been a major talk, and now itself can find the users in a dilemma whether to hold or cash it out just because of panic. Trust in and holding is the one that I have planned for, based on the support it has been gaining throughout.

Of course there will be shaking of price, before and maybe after second segwit, but who is staying with crypto longer, know that afraid are only newbies.. ;)
Patience will be rewarded! Only HODL :D

No, not up to $ 3000!
Overall bitcoiners are either not happy about the price drop.
Downward movement reflects a general decline in the cryptocurrency market.
The price of BTC is struggling to stay above $4K, and current technical indicators are showing the bear run may not be over.

I know that you wrote this before we blasted through $5k, but I would say that at least in the shorter term, things changed when we broke above $4500 a couple days ago as right below that level was where things started to crash from the China issues.  A quick run to test $5k made sense, and the breakout today also made sense, IMO.  As I think the market may be driven right now by people wanting to hoard as much BTC as possible before the bitcoin gold fork in a couple of weeks (if it happens), I think we might go much higher than the current ~$5300 over the next week or two.  In any case, it was great to see a decisive break of the $5k level.  While anything is possible, the move's strength would seem to suggest that this was not a false breakout.