Bitcoin Forum

Do you think we could see sub $1k prices at some point next year? I mean, is that even a possibility?

Thanks

Whenever bitcoin price falls a little, some people starts to talk about crash, die and similar things. Those are who were talking about 100000 dollar and moon yesterday. All these fluctuations in price are normal. Now the price is being corrected and soon it will rise again.

No, no way. There's no reason for it to crash to three digits while there are so many reasons to go higher.

Things are looking exciting for Bitcoin in the future. More conventional financial party will be joining in, starting with CME's futures trading in about a week. That means more institutional fund coming in, most likely driving the price further upwards. Looking at technical side, we also have so many great developments incoming: Lightning Network, Atomic swap, Schnorr signature, and the recently published micropayment channel (https://bitcoinmagazine.com/articles/new-scaling-layer-could-make-payment-channels-ten-times-more-effective/)

We may swing on 6k - 9k range in the upcoming months, but not three digits. It's just impossible.

There is a possibility, so from 100% that can be 0.001%.


Haha so true, people are seeing bitcoin is dying when it is on correction and when it is pumping they are supporting it with their mouthful words. If it is not bitcoin is gonna die, bitcoin will be 3 digits, 2 digits or 1 digit. I don't understand why people are asking such questions like this if they know the answer.  ::)

Unlikely maybe, but impossible? really? last time we had a triple digits price was in March, that's just eight months ago...

Yeah, I think people like to forget we were around 1k just a year ago..haha

Technologically bitcoin is a revolution. Economically its getting a form of ponzi.
With no actual value to back it, it's increase in price is totally depended on the new investors investing in it.
Though it will not die, we could see back the 3 digit figure when the investors can no longer wait to redeem profit.

For such a sharp increase in the price there are no prerequisites. Imagine how much money you need to invest in capitalization of bitcoin? It seems to me that bitcoin should not be an investment asset. He can't Finance the production and is doomed to turn into a bubble. It seems to me that now bitcoin needs to become tender. This will reduce the growth rate but will increase the popularity.

hahaah. I was thinking triple digit thousands. I thought you were talking about $100k, and then i realized you were talking about under $1000 and I was like wtf?!?!

no. no. just no. hahaah. No Bitcoin will never be under a thousand again. the next few days will likely be the only time it is ever in 4 digits again.

People are absolute piling into Bitcoin. Huge organic growth. Wall Street will enter the game next year. In 6 months we'll laugh at how tiny a price $10k was.

Same here, when I read the title I thought OP was talking about triple digit thousands too (100k+).

Its very possible that next year we might achieve 100k or maybe around 2019, but make no mistake, Bitcoin is going up more and more the following months. So 10k will look very cheap in the following months and many people will regret not having bought some BTC during these days.

I strongly believe three digits. Why not, it's highly possible. We already know the potential and the demand. People are buying it and holding it. It becama a stable ecosystem throught digital asset management.

Big fund management companies are also interested in bitcoin.

But let me ask you a question first, would you be happy if the price drops below $1000 again? if not, then why are you asking this kind of crap in here?

I dont understand why you all are kinda complaining about the prices the whole day, why are you so inconformist? lets go mate, enjoy the price, buy some beers with the profit that you made from the last pump, there is no reason for being worried about if it can drops again to less than one thousand dollars.

And it is obviously that it would not, if a bubble crashes, it would not drop by more than 90%, because it is impossible.

That's the sad truth about this community when they see a slight dip in price some inexperienced user will start a thread about crash, die and all and other users gets carried away by these kind of posts and ends up selling out bitcoin only to regret later like I did during 2016

 ??? previous bitcoin crashes dropped more than 90%, why would that be impossible this time?

Bitcoin is dead  ::)

Legit.
People are easily persuaded specially the newbies in the market. For instance, BTC's price is 11k$ yesterday and now it falls to 9k$. Many mindset will go to "Ow BTC will crashed to 5k$ again, but this trends are pretty obvious in the market today, especially because there are still not much adoption in BTC, even the great gold took a millenia before it have a global adoption but the WORLD is so small right now, you can send information in split seconds across the globe. Never understimate the power of the internet. Most of the holders of BTC are billionaires and millionaires that why they are taking advantage of the holding and selling but sooner or later they will sold out and the price will go down and then BTC will diversify to people and slowly the market will have a stable price.

There are still places that don't want change but let's see for another 5 years on how this will turn out. This milestone is one of the greatest of mankind and BTC under 100k$ is still undervalued compared to the world supply.

I'm seeing BTC @ 40k$ in 2018.

I think it is you are the one that needs to explain to us why you think that is even a possibility? The price of Bitcoin did not went up just because some whales pumped the price of bitcoin, it has gone up because  there has been many developments in this year that made bitcoin a lot more attractive for investors and for regular users like ourselves so to think we are going back to those prices is a huge mistake.

I mean there's a possibility for that to happen but a chance is really the way the price resurging at a fast pace it is safe to say that bitcoin in 2018 will not fall below three digits. I think the price will continue to move forward in 2018 although we'll be some price fall down because in a trading industry price tend to rise and fell which is something we could not prevent if that happens it is not going to be like its going to be a triple digit. Stay positive that it will maintain a high price.

Very well put. And yes I agree on $40k in 2018, though I wouldn't be surprised if like with the rest of my future price guesses I have to readjust that upwards a few times next year.

I see $40k too, but $100k+ is a bit of a stretch. I see easily $100k+ by 2020. Lightning Network will be operative, so we will finally have global, instant, cheap crypto backed by cryptogold, at this point the wallets will be very easy to use, anyone will be able to use bitcoin, no more complains of transactions not happening fast and so on. Since the network will be backed by BTC itself, I see it going x10 current prices minimum.

It's just an intermittent cycle that scares a lot of people. Some whales decide to pull out their money, so they do and the prices drop. More whales follow. Then, the initial whales who pulled out decide to buy at this newer low price and start making the price go back up while all of the other whales follow. The price continues to rise because people are buying after the drop. This will continue for a while; don't doubt it. However, there are more players in this game getting involved now, meaning that there are more whales which can end up being beneficial for the average user here on out.

And things have changed dramatically since march, we got segwit activated, the lightning network was tested successfully we got the CME creating a futures market, the Japanese recognized bitcoin as a form of money and the Chinese banned icos, we also had lots of forks and I'm probably missing some stuff as well, so the last months of bitcoin have been very eventful.

Zero chance of that happening bar some catastrophic black swan event.

I doubt we'll ever see Bitcoin under 5k again, those days have passed.

A new floor will probably be established over 10k in the near future.

Possibility are endless but that is impossible, we have already reach an all time high for bitcoin this indicate that there will be a new cap if bitcoin drop in its price.
When been coin price drops there will always be a margin of around 10-30 percent decrease in price market then increase again with the same margin.

There is absolutely no reason to think that bitcoin will crash at all, let alone crash to 3 digits in 2018.

Let's just take the worst case scenario - the rally stops, people panic dump, the bubble pops. even in that scenario i think it is very hard to imagine the price of each bitcoin going down to anything less than $4000 per coin which is retracing back to around September pricing.

To regress all the way back to 2015 levels would be crazy, and if it does happen, i'm sure it's a great time to buy honestly. In fact, people can't wait to buy at these price levels right now that i'm sure if the panic dump does take it that low, it'll recover pretty quick.

Nope. Not a chance. If bitcoin crashes it will NOT go down to 3 digits, maximum 4 digits.

I think that the pump is still not over yet at this point and we'll see a lot more increases in price right now. It'll be rare to see days where bitcoin is going down a lot right now, and for bitcoin to crash down to 4 digits is a 50% or more deduction in price and that's not going to happen overnight.

Even if all of 2018 is bearish and all, i don't think 3 digits is possible still. It's just way too big of a fall.

No way, I don't think so, we already have $15k or higher by next year. 3 digits is now far from it. I think the safe price for bitcoin is $8k. What will be the reason that bitcoin can possibly go down into 3 digits? Well, I cannot see any reason from it. Big investors are coming so I guess it will not go down next year for 3 digits.

Yes I feel this is quite likely the price at the end of 2018,then we'll post here 2lakh is coming and I am sure it'll come, with the future's on our side and etf is also coming it's highly likely we shall see this happening, there are tons of people who are into Bitcoin now and we shall see a monstrous rally very soon, things have just began for Bitcoin and I feel any amount is reachable. Plus with major corprates money coming here it shall be good for us.

The correction phase is done it surely to settle on a large scale of value. As of now it settled for a price of $16000. Been waiting for a correction to secure my funds so far it has pumped my earnings for a bit cause i recently sold my btc and planning for an investment to succeed.

I also want to be the one to grab this opportunity to buy bitcoin in a cheap price. There is a huge difference between the thinking of an ordinary bitcoin holder and a trader, for almost every trader bitcoin low price is an opportunity to buy bitcoin and for a holder it may be a panic time. Unfortunately this time will never come again to see bitcoin price in three digits, the supporters group has expanded a lot more than 2015. Everyday hundred and thousands new supporters arise to buy bitcoin to be part of the success story of life with bitcoin, who will never miss any opportunity to it in reduced price.