Bitcoin Forum

The was a time when bitcoin went from  $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns.
Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward  $4,500 and I hope we are all prepared to buy at the lowest price.

There is so much support at 6000 and 5000 dollars. I do not think it will go below this support points.

I suspect a lot of support around 5500 if we ever reach such a level. It was the low of the previous 'crash' in November.

It's still very worthwhile considering that most coins are still up compared to where they were just a few months ago, in fact I think you'll be hard pressed to find any coins that aren't up over the last 3 months.

If it will happen that the price will go lower than $5000, then a lot of people can affor to invest in that case and they will gain more by the time that bitcoin will start to rise again its value. We all know that nowadays, the bitcoin value is a little bit depressing especially to those people who are investing bigger money. But that is normal in bitcoin, to rise and fall its value. So, it's better if we will not panic when that time comes.

I think the lowest that bitcoin can drop is the $ 6k level, at which point the bitcoin has very good support and I think it can not drop more than that according to the candlestick chart analysis. So you can buy near 6k $ to buy bitcoin.

I will never see that bearish trend on bitcoins' value but probably a $6000 correction will happen. I hope that this will discontinue since so much bloodbath is happening on the market by now.

Frankly speaking, the resistance point is 6800 dollars, the new resistance point is 6600 dollars level, but I do not think Bitcoin will fall to 4500 dollars level.

Hey guys. I just read a really good article about the falling price and support points.

Check it out here: https://qz.com/1196866/bitcoin-prices-could-be-40-lower-because-tether-propped-it-up/

It is worth the read.

Well I think even if the price will rich $ 2000 we really didnt neef to get worried our fear cant really help us on this case maybe we should try to extend  our patience on the field we really need a long wait on this scenario.The best thing to do is to buy a lot of bitcoin and reserved it for the near future in case the price will rise.

Well i SEE that there you have a basis on that I strongly agree on that because I also believe in bitcoin it will not fall forever because the nature of its price from the start is not really stable like  fiat bitcoin may change every now and then so then in preparation of the rising of bitcoin price we really need to buy bitcoin for us to gain a huge amount in the near future.

In my opinion Bitcoin will stopped its decline journey at 6000 USD and again it will start the increasing trend and it may happen in next two weeks as some worse fake news are still in circulation and soon good news will start coming. so lets see.

Now the price of btc has reached 6K USD i am waiting for the maximum lowest rate so that i can also buy more btc at the lowest available rate as every investment form there is even ups and downs in the bitcoin market aswell .If we just go through the market graph of btc of the past few years we can make out about the ups and down btc has gone through and there is nothing to panic about in this correction time.It is true some incidents that take place in the name of btc do affect the market value of btc as the rate of the btc is based on the trust that is being build in by the people within it and not backed or supported by any stock or gold reserve.

Well even if the bitcoin will fall all over a huge price i believe it will rise again in the near future.I think bitcoin will experience  a huge dump.The bitcoin may pump because the price of it is really unstable so then the best thing to do is to buy and hold on it today for we can gain a huge amount in rhe near futjre by selling it in a high price.

I almost bought some at 8k, gonna wait a few more days :-\

Yeah that positive feeling of buying at low, I like that one a lot. When we are going dip down then most of the people will buy it for sure because people and investors are getting very very bold about the investments into bitcoin and other crypto currencies. This way everyone is getting that perfect chance of entering into crypto at perfect time. If we keep our investment like this then we will help it regain the dominance over the other altcoins and thus maintaining its first rank as well as the higher prices for it.


There have been many more points into the history which were like this and similar to the current situation. So its no surprise that we are seeing he current trend in the market. This will continue always and we just need to keep looking after our investments.

 
You may need to wait longer than that because its not way possible to cash those rates in few days, few weeks can be possible. Dont loose your patience. Just keep holding.

Right now Bitcoin is in correction mode and there is huge support at 6000$. Maybe it won't drop below 5500$, but it needs to consolidate in order to increase its price, let us wait and see how deep Bitcoin will reach.

Lol. I've noticed people saying that according to TAs bitcoin has a strong support at 11k, then 10k then 9k and so forth. If we dip below 6k then i won't complain. We should've been prepared for these kind of things when we bought our first satoshis. And i think all of us believe that there would be a bounce back, if not this month then probably march so i don't think there's any need to be paranoid

i just gonna watch how will bitcoin do if it reaches to 4500-5000$
still going to hold even though the price drop hurts my head so bad.
but i guess it's time to buy bitcoin with its current price.
we don't know what will happen on the near future.

 I do not think it will go below this support points. 5000$ is a minimum

Yes, but can you back that up with some data or analysis? The truth is Bitcoin will be as worth as people will be willing to pay. No one knows will it drop to 1 $ or rise to 1.000.000 $

This:

"Based on publicly available information, the report found that bitcoin’s price rose about 40% in the two-hour windows after each batch of newly issued Tether coins arrived at the exchange Bitfinex’s digital wallet, between last April and this January. "

Report referenced is here:

http://www.tetherreport.com

Yes I agree that there is such pattern on the movements of bitcoin and I guess it is just this season that we are having this trend and hopefully as we go on with the year it will reach what it has been able to reach last year. This only proves that Bitcoin and other Alt coins are currently considered as an asset stored value since the values are fluctuating overtime and it continuously depends its value on the fiat currency that currently exists.

Yes, this downfall is not over yet. As what I have observed, this downfall will continue and go back to $4000 or even lower than that but it will increase again in the second quarter of the year. Now, many traders are waiting for the lowest price so that they can buy many tokens at lower price then sell or trade it when the price increases again.

Today, the price is recovering... My coins are recovering too.

I doubt very much that it will happen. Crypto society will simply never let Bitcoin fall drastically. I hope the the greatest fall is over.

$4500 indeed good price to buy back and hold but apparently we won't see the price below at $5000 again because the price of bitcoin today was recovering back even almost all of cryptocurrencies has been in the green mark and possibly in the next few days the price still slightly raising up

We've seen these small downward crashes multiple times over the last few years. It still surprises me that the spam panic posts come out in mass each time. Long term if you HODL you made a lot of money and I see no reason to sell now. The only difference between now and the last few years is that there are a lot more cryptos that offer a chance to diversify your holdings.

Have a look at the price charts now. The bleeding is now on a halt and prices are gaining again. I do believe there are so much support on 5k-6.5k usd price point. The dips has been massive and now that is gone I hope we are able to scramble from profit out of it.

Today's price turned out to be more positive moving to $8K plus with 24 percentage increase in last 24 hours. We had the same spikes in all top 100 altcoins with green ranks. There is a less chance to go back to $4K and  below though we could reach few days before. Investors have started again to look and invest in crypto currencies. China is revisiting again on the regulations. US and few other countries strted adapting bitcoin. This would slowly increase its values.

Looking at the chart, it appears to have bottomed near the Nov 2017 low around 5500-5700 depending upon the exchange. Running a fibonacci from the July 2017 low to the peak shows the .236 near the same level. Volume has also increased sharply at the V bottom. IMO yesterday may be the bottom.

Investors we're never out of the picture to begin with. All the panicking in the market comes from noobs and other retarded gamblers using borrowed money to bank on Bitcoin, while in reality they are just losing out. People apparently still see this market as a joke they can make some easy money with, but I can gladly say that this market doesn't work like that. Difference is that smart capital sold at near peak levels, and buys back right now, while dumb capital bought at near peak levels, and sell at the bottom.


China has become far worse in terms of their regulations, and not vice versa. USA haven't adopted Bitcoin, and probably never will. The senate hearing regarding crypto was positive, and that was really it. After so much negativity this was a pretty decent step forward, and that reflects on the market and even the mainstream media. After all their negatively tinted articles they now seem to be less hostile towards crypto, which is just them adapting to the changed sentiment. If the price is going up, they are all cool, but when the price starts to go down, they start talking about governments going to fight crypto, etc.

Basing patterns anytime isnt really a guaranteed that we are heading that way and as of now if you do able to see the price it already goes to reversal mode which seeing 4k price isnt really possible on such trend we are seeing now. Hopefully this trend reversal would sustained and heading for new ATH for this year and might takes time but would really be much better to see this thing.

Take a look at price of Bitcoin at the moment man :D. I think you're totally wrong. Bitcoin can't drop to under 6k$, it's the lowest price that Bitcoin can drop to. Don't waste your time to wait until Bitcoin drop to 4k5$. LOL. There are no way. For now Bitcoin and all other cryptocurrencies are rising back although slowly, step by step I think next 2 or 3 weeks Bitcoin will come back to over 10k$.

Well the drop was because of FUDs.Most of them turned to be wrong.Now banks and countries are releasing statements about not banning the crypptos.
Singapore just released a statement declining a ban on bitcoins.Albeit, they are going to regulate it.
But this could be a bull trap too :v

If it goes up then it will keep on going up, but another bear trend will be vvvdangerous.

Lets wait and see how market is going to unravel.Hold tight and lets hope for more good news!

Oh, that dreamers lol, SEC and CFTC chairman's are btc holders. It is enough declining for further growth. Look on the stocks markets. They red. Crypto's markets are bounce back and grean.

Yes, it was normal to bitcoin price go down, not all the time it will rise. Remember that it is volatile. Dint worry it just a matter of season as well, maybe sooner or later it will pump again and you'll get surprised on it. In favt this time traders and investor are more triggered to buy more as the bitcoin price was low now to get more profit when it pump.

Do you think it is wise to compare the chars from the very beginning of bitcoin existence to current situation?
It is not the same at all - current price and market polarization is driven purely by news - back in the day market have been so small that even small group of people could pump and dump it.
Bitcoin is already starting to gain momentum again - look what happened: http://www.globalcryptopress.com/2018/02/us-gov-gives-cryptocurrency-green-light.html (http://www.globalcryptopress.com/2018/02/us-gov-gives-cryptocurrency-green-light.html)

I would like to see that, but so many people are in misery over the price dips already. I'm fine with it falling back to 5-6k again if the altcoins follow suit. It'll be another occasion for shopping.

Every January and February crypto currencies had to go through such corrections. This year, it really prolongs too much and the loss is too much. We almost lost around $5K to $6K in just 20 to 30 days time span. Yet to jump out of this correction. Only today, we could observe a positive hike of $1000 in bitcoin with around 24 percentage hike. Even other altcoin had a good growth today compared to last few days. There is a less chance to go back to $4K. Hope this does not fall to such position.

Bitcoin has recovered very well from 6000$ mark.
It will be very good sign if bitcoin can break some resistance.

Sorry your prediction is totally wrong. Just check the bitcoin price.Its turning to bullish once again.It was mainly due to people realizing that the news about India banning bitcoin is totally FUD and SEC too reacting positively during hearing about crypto currencies.This might be the best time to buy bitcoins and if still waited for buying at more dip, then the train might be missed.

I agree with you. There are many big players on the market who can rule the game. The bear trend is now in fashion at all markets, but I believe that bulls will won

If it would fall up to this I would sure buy Bitcoin as I believe that with time this cryptocurrency will only grow in its value and become stronger and stronger.

Things are very much uncertain and unpredictable when it comes to that of bitcoin and more specifically towards the crypto currencies. There are chances that market value of bitcoin may fall below 4k $ even but one thing is for sure and that is things will change and will start getting better in the near future. The market value of the bitcoin will definitely increase and that it will never betray its investors.

I don’t think now Bitcoin price goes down. It’s not gone below 5k$. Now it’s time Bitcoin price raise again. If you saw the history of Bitcoin it always happens with BTC. But when something happens like this after some period of time the price of BTC will more than its previous version. Now it’s start raising. It’s decentralized cryptocurrency that’s why it happens so don’t get panic.

It wont go below 5000. This is just the holidays especially the chinese new year when people sell their coins so they have enough money for the holidays coupled with new investors who panicked during the fall and some negative news about bitcoin that are surely works of the whales who want to manipulate the price. It aint gonna be down for long. It will zoom back to 19k and maybe reach 20k this year.

what is heading for $4.5k again?  :P
I bought some bitcoin when it was around $6.5k
Guess whose gonna enjoy some nice returns?

I don't think it would stay at $4,500 for long as many people would buy at such a price

the bitcoin was resistance was speculated at the prices of 3K, 6k and 11k which it has already crossed over one more time and im sure that it will now increase in the market cap one more time. This is going to leading time when bitcoin will see some goodness in its price speculation. We have seen the revolutionary leaps into bitcoin and even the alts when they have dropped down to the bottom. I find it wavy economy where there has to be down movement and then again the bigger leaps. The thing is, psychologically and naturally people feel very comfortable in investing into bitcoin when they are very low. This ultimately gives potentially high market cap in short period of time and thus rise in the prices quickly afterwards.

They should learn that not everything they are asking can be into reality. We are asking for bitcoin and hoping to reach the price at $20,000 but it didn't happen for the meantime. And now what are these people are asking a lower price? Aren't they happy that it's on $9,000 and this is a better price as the fees are very low and it's a stable price IMHO.

Yes this is what I can see bitcoin would not heading towards $4500. With the price now hope it will continue on upwards move in the market. More users are expecting for a climb up of the price since it takes long already on below $10k.

It wont go below 5000. This is just the holidays especially the chinese new year when people sell their coins so they have enough money for the holidays coupled with new investors who panicked during the fall and some negative news about bitcoin that are surely works of the whales who want to manipulate the price. It aint gonna be down for long. It will zoom back to 19k and maybe reach 20k this year.

Can you tell me facts of what's the relation between chinese new year and cryptocurrency?
The price had gone down because some of the investor's don't have balls to hold their investment and they are easily swayed with the current FUD's right now.

I had your same opinion, but now there are some signs that the bulls might win the battle however. Of course, the recent rise may well be just a bulltrap. Nothing is set yet.

I can see the price is moving at a pattern like bump then correction and then bump and correction so the price crossed $10K now and I don't think the price will fall again below $10k so it is just the long recovery process of a big crash from $19K to $6000.

Yes it is true that bitcoin have a good future and we know that bitcoin is the digital form of money so we can use this money for online payments across the world So it is true that bitcoin is not yet over bitcoin has the potential to grow in the market and it will be much better if the countries start buying and selling through this digital currency.

Yes nothing is certain this time because others prediction maybe it just a bulltrap the current price. Morever, I can see were not heading toward $4500. Instead, price maybe this time will continues slowly to uptrend in the market.

But it didn't happen because the pattern that was created before doesn't guarantee us to be repeated again this year. As we can see, bitcoin has go the other way when it fall to 5,000$ which many have thought it will go deeper a bit more. But if it will going to hit 4,500$, so be it. Let's buy it then.

I think all of us here are aware of that issue which tackles about bitcoins high and low price. I could say that its not really over for its price did not decreased  to $7k. I believe it will continue to rise for many people were keen about bitcoin. However, these effects were just because of its demand and supply, we all know that bitcoin has a limited amount and if a lot of people were using it meaning bitcoin will have a higher value because of its scarcity and it is already useful in our community. Its volatility lies in hand of many people, so lets continue supporting bitcoin.

Well I think this bull hit will be continuing till the price reaches to the highest point. Bitcoins have suffered a lot and now they must keep going upwards. If the scene become inverted, people will lose faith in bitcoins and there may be chance they leave them and join something else for their living. Hence, bitcoins must show some upward step, enough of staying in medico level.

Historical Prices are really not good to start with. And if that were true your basis in the highlighted text you posted has already happen, as it already have reached 5,900$ and got back up at 11,900$ and then go down to 9,300$. Also with the market participation growing expect a lot more volatility going as the new entrants will be involve in the mix. 4,500$ is not an impossible bottom but looking at how the market is not letting Bitcoin go down 9,000$ I don't think it will reach your prediction.

I don't really think that it would be heading towards $4,500 again ,
I think that it would now be going up and would be staying in $10,000 above .

Yes and it would be a good way for poor people to invest on bitcoin. This could potentially open the markets to new investors.

It WAS a bulltrap alas. And I didn't sell anything, alas. Now (or soon) it would be possible to buy back BTCs at a discounted price.

yes I am ready to buy btcs yup! As soon as the price will fall I will start investing in it

I'm so disappointed to these people who post on their speculations of btc going deeper and lower. We are all speculating of rise before btc reached $20k but now most of them are about spreading FUD that they even wish it go for less than $100.

  For now , bitcoin price still descending, reaching about 7k , different reactions arise regarding this , some people wants to go down deeper so that they will instantly buy for investment , but most of crypto holders wants bitcoin to maintain price inclination because I believed it is one of the barometer for global adoption of bitcoin.

The global adoption of bitcoin is very possible, since a lot of countries already are accepting it as a form of their payments. Talking about heading its price to $4500 is also possible, its a chance for us to invest. No need to worry about the decrease because its a chance for investment and some time come it will rise again for sure.

Bitcoin price has been dipping for the past few days. It is definitely a good opportunity for those who have got a lot of money, they would invest now and become millionaire in future.

I can actually see Bitcoin heading lower, as looking from a long-term perspective Bitcoin starting 2017 out with just crossing the $1,000 threshold, which it had not done in 3 years prior, so now even keeping at or above the $2,000 mark would actually be doing quite well. So dropping into the $3,000 - $4,000 range would not necessarily spell gloom and doom long-term and as many feel, would be quite healthy.

I know this sentiment is probably no consolation for those who have recently bough at higher levels, especially $10k+ prices, but keep in mind that even those who may have bought at the high in 2013 were made whole again by having a little patience. It took 3 years from 2013/2014 to return to previous highs, but I believe the market and interest is a lot greater now than it was back then, so worse case I would expect maybe half that amount of time.

This still means you may need to sit on your hands until 2019-2020, but then again you should really only be investing money that you don't immediately need. The same would be true of investing in the stock market, most people do not pluck $20,000 down in the market and expect to cash out $30,000 a month later, but instead look to keep that money invested for a number of years, well now Bitcoin is entering that same cycle.

In February the BTC started to bounce back from $6,000!

Now the BTC price is $7,600, and I expect to start bouncing back at $7,000!

I think it is very possible that bitcoin will be heading to $4500 . It has had a good run so far and it will need to go down further to get a better price than before. The market cannot be up all the time so a price crash is not unreasonable. Just get ready to buy when it gets that low and hold for it to go back up as it will be an opportunity to add more to your portfolio.

I thought that it will go further down just looking at the down trail of btcs in the recent months

Crypto markets will bounce back as soon as regulatory measures put an end to the shameful wave of scam ICOs.

BTC and the serious altcoin projects are suffering from this. And the blame is on all the greedy crypto investors who support all those shitcoins!

Let's give crypto some very needed credibility!

Still 50/50 in my opinion. Although we are still under heavy pressure, and the strong support at $7800 is broken, I don't think that we can go as deep as $4500. Because at around $5K already there will be a some strong support buy because that price is too tempting not to get it.

We don't need to buy at the bottom because we really don't know what going to be that price. But around $5K-$6K will be a  good buy that's why I don't think that we can see $4500 again.

Let's see how it goes, I'm still optimistic that we can overcome this odds right now and I see bitcoin hitting the 5 digits anytime soon. So stop the panic selling.

I am looking with the same angle about why the BTC and other major Alts are experiencing the bearish market. Scam ICO's are everywhere which scare a lot of people.

The only one who get all the benefits are those who run dirty ICO's and their investor. 

For me it is to low price for bitcoin and even as i followed bitcoin price for so long, there is a possibility to hit like 5.500/6.000$ and then it will be TTHE BEST time to invest.

You gotta tell me this some days before because I just bought btcs yesterday :(

Im holding my fiat for when bitcoin reaches the lowest, i am ready to buy as much as i can. But really, theres no telling how much is the lowest price. Im setting my goal if it goes below 5,000 then im buying already. Coz im thinking it wont go any lower than 4,500. Just to be sure my lowest bottom is 4,700.

That is the spirit needed in the game. It seems you probably have enough knowledge of what benefits bitcoins have in them and how beautifully you can extract maximum of profit. Just wait for the lowest price as possible and whenever you find it best for buying, don’t hesitate to jump in this field. Every minute is important because prices can go high or low, so better is to keep an eagle eye.

Will it be any more helpful? Because even experienced btcsians thought that btcs is at its lowest point and they already invested

I remember when an incident like this happened last year, so many people were so scared to invest and they had this skepticism in their mind and kept attacking those who feel bitcoin is going to end up being bullish. I want to believe they are biting their fingers right now for not getting in at those levels.

Every market can decide to change lanes anytime, any day, but it is not necessary to see that as an issue but an opportunity like you have said, and only those who are smart will always try as much as possible to do everything possible to get the best of it.

I really believed that bitcoin will go to that price or even lower that it will reach at least $4,000 but in the long term basis, i am still believing in bitcoin that it will reach more than $30,000 and that is really possible after a few years so when the price of bitcoin really goes down then i will just get a lot of bitcoins and keep them for long term purposes to earn a lot of profit.

It won't drop down to that level ever again. The lowest it went was $6,000 and assuming the guys at the Mt.Gox liquidation doesn't suddenly dump every coin in their wallets in an instant we'll see a good rise in price in the next coming weeks. Based from recent events it seems like they aren't gonna dump everything that fast and they will just maintain this price level.

Thanks for the information as I was quite confused about the right time to invest

Just remind 2013 and how much % bitcoin lost in it's price that time. The fall was like 80%, so if we had 20000$ with the fall of 80% we simply can have 3000-4000$ again. But I hope we will never see it again :D cause of that time it took many years to recover for bitcoin and I do not want something like that repeated.

Hmmm…. I don’t really know for sure but it’s not bad anyway. When the price was going down before, I heard it will go down to $2000, but fortunately it never did, rather it stopped around $6000 and started going up again till it reached somewhere $13,000. Now we just have to await and see the lowest it will reach before the next turn.

Probably by september when the mt.gox sell off would commence. There's a time frame already given so a lot would probably sell their btcs anticipating a price drop. And then there'd be the sell off itself.

As far as I know, the court ruled that the rest of the bitcoins, MtGox - do not have the right to sell before September this year. Therefore, we must take this into account, although not only this factor can affect the market.

I truly want to believe the reaction in the market is not helping and there is a lot of uncertainty on the charts. Like they always say for long term positions, it is always good most times to get in when others are afraid anyway since that is when the market needs demand most and so far, the selling pressure is quite low, so I would not even imagine this market going lower than $6k and that would be in the case of a double bottom formation.

I would not even dispute that for one day. This is something we will still end up experiencing and I feel the government embracing cryptocurrency and regulating it may bring some awareness into the market, which could cause some level of rally in the market. If the OP ends up being right, there is no need to worry but to just buy more. It is a market, it is volatile and anything is possible, but no one should ever panic because of situations like this.

Yeah I agree, bitcoin needs more people to support on this technology and that might be a purpose to attract more new buyers into a good bull run. Although the had price had now slowly increasing I hope that this is now the moment we are waiting.

Those regulation againts Mt.Gox is totally help for the price to not get a huge dump since for sure if people will notice it they will surely ride with the dump and that could affect the market badly. So let's be more vigilant on the said month so that we will not lose our potential profit if Mt.gox dumping happen again.

It indicates anything can happen in bitcoin price, so we may expect this price there is no wrong in that prediction. but to compare 2013 to present day people are changed and technology also improved Crytpo investors also increased so my strong feeling is people will not let BTC to down again.

MtGox dumps shouldn't be happening anymore, or at least not in the severe form again. Important to note here is that they have already gained the total fiat amount needed to compensate people as per the agreed Bitcoin unit value at the time of happening. The only question from here remains what will be happening with the other coins, which happens to account for an insane value in the range of $1.3-$1.4 billion right now. I strongly hope that these coins will be given back to their original owners in a fair manner. People deserve to have their coins back, because even with the current compensation arrangement, it still feels like a tremendous loss. I seriously hope that the Japanese government won't gobble them up, because that would be totally unfair in each and every aspect.

I don't think it will fall to that level...  But actually this is the best time to buy bitcoin if you want to invest

If they  dumping while the price is high that's a wise move for  them but a selfish move for  the small investors because that that's the reason for the rapid down full of bitcoin price. But  when they will buy in bulk these would make bitcoin price to rise again.

The price of bitcoin will always be unstable. But I will keep my bitcoins at any price because for me the most important thing is to realize the goals that bitcoin has set for itself. I want to be part of a free economy. But I do not like the fact that people are happy to agree to the regulation of bitcoin by the state. This can have worse consequences than falling prices.

But it’s there anything wrong with it falling as low as that? It’s because we are always interested in making profit through buying and holding, but  it’s just a waste of time cause there are already other good ways we can earn money from it. I also believe it won’t fall to that price of $4500. The current price now is around $8,700 or $8,800 and I believe it will go up from there, though there would be some little fluctuations on the way.

I believe a lot will support it even more at 5000. Excited with these price.

How low the price will go is of no concern to me, what matters a lot to me is how many people will continue to hold on no matter how low this gets??? I believe that Bitcoin will one day go up no matter what (though I’m not fully assuring myself that will happen, I can’t tell the future) if we all continue to invest, the price will suddenly move up. By the way, I’m starting to believe there are people who are considered main investors in this, maybe they have decided to take a break for a while like many has been saying.

Crypto has a long way to go when it comes to reputation.

Most people still read about this with suspicion and some of the media are still supporting that idea by spreading the news about hackers/criminals using blokchain to hide and launder money.

But this community has the greater responsibility; We are the ones who should control the prices of the main assets.

Instead, a lot of us are only concerned with exploiting the feeble minded by luring them into the latest, ultimate ICO/airdrop...

BTC is suffering mostly due to the global bad reputation of crypto activities.

I think if he falls to such a price, maybe then people will start to hold it, and become more patient, or maybe it's a general panic to buy at low prices?

I do agree with you that buying bitcoin is good to buy at the time of low price all the time, if you will buy when bitcoin at dump then at the time of pump you will be able to get profit, for me bitcoin is best choice if you have patience you can make high profit, as I plan to hold my bitcoin for long time and I will never sell it at low price, gradually bitcoin is increasing and it will go more high than this till the end of 2018 bitcoin suppose hit 100k dollar, so wait and watch your bitcoin growing.

Good thoughts always. :-)

Well, its about the personal level of thinking on how to take the current market situation. I mean we could make it bright by seeing an opportunity or we could just turn it into red zone by saying that bitcoin is crashing and it will drop to zero now. Its over and we are screwed. Its all about the people, as we are in the decentralised market, it really means something and when people make decision then that is what affects the market value. In this case people are not being resistance enough to the downfall and they are not making good approach toward the bitcoin that is the reason we are not spiking as expected yet. The downfall wont be to 4500 as it has already started moving upwards. Agree that with some fluctuation in the way bitcoin will rise above the expectations soon.  :D

The trustee of Mt.Gox will never attempt to sell all at once because they know it would be disadvantageous to them in the first place. They always try to sell as high as possible, but after big amounts sold the price inevitably goes down and they definitely don't want that. Also according to the article on coindesk, https://www.coindesk.com/mt-gox-trustee-denies-400-million-sale-caused-bitcoin-price-slump/, they try to sell "in a manner that would avoid affecting the market price". They are still in possession of 166,344 BTC which means the similar sellings will be performed at least 3 times in the future, but since they do it in smart way it will hardly lower the price to the level suggested in the OP.

I think it's possible for bitcoin to go to $4500 before it starts going back up again. I mean The price is over 3 times the value it was by this time last year and what people are calling a bad market is actually a much better market than before. 8k for bitcoin is not something any of us planned on seeing soon and now 8k is low market price for us, if we look at the previous markets then we will appreciate how far we have come which is a good place.

A lot of buy support on the market, this is why we will not see bitcoin price will touch below 6.000 USD.
The market can show us now that we are just getting ready for the rocket to fly soon. Once the Chinese done on celebrating their new year we will have the gas and ready to take off again. you said you see the graph of these, then you should know by now that bitcoin will be huge this February after new year.

More people will support bitcoin with the surety of its legalization all over the world. People are really after it in those states where governments have declared it legal for the general public. Still there are many states which are not in favor of bitcoin and banning it for any kind of use. I have personally bumped into some aspirants of bitcoin who are ready to support and invest once it has support of government.

The hard time is almost over because the Chinese are over with their new year celebrations. They are back to work again which means the exchanges and markets will be highly active now taking the grog of bitcoin to the greener part. The hope is given to everyone now that bitcoin is ready for taking a journey to moon and back. No need to get worried about the market and related things any more.

have already passed all conceivable and unthinkable terms. We see a very bad state of things on the crypto-currency market. Although if you do trade, you were satisfied with a small profit, you can earn on the difference in price, And despite the complete fall of the markets 50%.

I don't see Bitcoin value depreciating below the strong surport line around  $6,500 and this type subject line create a lot of panic sell in tje crypto currency community and shouldn't be encourage at all.

Actually the supports there are not that strong. I also think we will drop around the $6500-4000 range and go up from there.

It is fake support, I assume. Many support price have been broken easily. I can say that they just create those wall to make investors come down to hold so that they can easily dump the price.The point is when bitcoin is about $5000, I will sell my house to buy bitcoin

That's indeed true especiallly at times like this whereas its market value is falling surely, the best thing to do is to invest. When it comes on investing to Bitcoin, you really don't have to wait for its price to fall that much, because it will just take your time. The best thing to do is to invest already and wait until the market value starts to recover and earn profit by that time.

I also thought that the so called support levels are very strong, however we have seen it broken many times just like the $8500 support which have been broken easily and the $8K support levels. I guess everyone should not worried when the price really dip at $4500 because its going to be the golden opportunity that we all have been waiting for. We can stash and accumulate because it will be very cheap at that moment.

Bitcoin is really getting a very strong support at that level and that is why we can expect that bitcoin price is not going to fell doown anymore, but will continue increasing for a long time, in fact bitcoin has the ability to recover its position very soon therefore i think that it is the best time for bitcoin investment, because bitcoin is going to recover its price and will very soon trade above 20000$.

I think bitcoin will not go down to that price but who knows. The best we can do is buy more bitcoin because it's affordable and I think bitcoin will not forever in the price down or high it's digital currency so we all know bitcoin will not have stable price. The we can do is to buy when it's cheap or affordable.

Pretty sure I am going to get flamed for this, but here are my thoughts so take it for what it is: a year ago Bitcoin was $1190, it's arguable that it had the goodwill that it had today but what is clear to me is that it did not have as much negative press as it does now. Lots of haters out there. Lots of big money players now pursuing the bear strategy and they now have a platform upon which to do it at scale. This was not the case a year ago, so I see Bitcoin going much lower than it is and have my buy orders set to kick in at $1500.

Call me a hater, call me a naysayer, but it's the way I see it.

Bitcoin had gone through a lot, the market crashed really hard a lot just and still take a look how cryptocurrency price and demand grew. So, just fasten your seat belt and relax, market crash is not a permanent thing. It is part of the normal crypto market.

Although i am convincing myself that bitcoin price will not go down anymore,but i cannot give it an assurance so i guess let's be ready for its worst.I know being in crypto world does not give us a permanent outlook,today the price is pumping,tomorrow might be its worst dump.So whatever it is,my faith in bitcoin is my only tool why i keep on holding all my coins.

if the tragedy would be happend again, i gladly would like to buy some of it this time. bitcoin already survived many tragedy back then, i am myself kinda not surprised about this kind of market event. well, hope we all prepared about the incoming of big sale day ahead.

Hahahaha! Welcome to the world of people switching lanes so fast. It is not always hard for people to but the bear specs on when situations like this ends up arising, so you may just have to get used to it. It is part of the system and we just have to accept those who are willing to go all the way to get the market down the more with their FUD so as to get a lot cheaper. It is always a strategy, and those who end up falling for it, should end up blaming themselves.

It might be a possibility but seeing the price, I don't think that will happen.

The price of Bitcoin is just going back and forth at the price of $6000 and $7000 if the price are heading down back to $4500, it must've happened at before this month or this month. If the price stays at $6500 this month, I don't think that it will be going down less than that.

It is still so expensive since the price of it last 4 years ago. I am still good with Bitcoin and will never go out in it.

No it is not going to $4500 ever and do not wish for such hings just because you can buy at low price. What about current investors ?

You have to face the truth bro! Everything is possible specially in crypto since the price of it is very volatile no one really knows what's is going to be the price of bitcoin it could be $4,500 by tomorrow or $12,000. That is why people keep on telling everyone that we should hold our bitcoin for long term so that we won't worry the current price.

yes I am ready to buy btcs yup! As soon as the price will fall I will start investing in it

I don't think it will go that low now that we are in May. People have settled at the current price, and it ever went to say $6,000, too many people are going to see it as an opportunity to buy. Unless some big player decides to dump, dump, and dump.

Bitcoin still has a very long way to go. It is true that the value of it had dropped for the past months but it is now slowly gaining is momentum.

Right.I believe it won't drop down anymore to $4500.The lowest price it had reached was at $6000 and I guess there's no more chance of buying bitcoin in the cheapest price but we still expect for the worst and hope for the best.

If my information was wrong... I know BTC prices dipped to almost 3000 USD last quarter. Now, we are all green. I know we see dips here and there but the increase is there and it's holding steady. Alot of projections you can read in this forum say that we will see 20000 USD by the end of the year. Me? I'm happy i didn't sell.

Bitcoin is one of the most famous coin and is always trending in the market.

Look at bitcoin now, it has done some little pump and going again down, but we could talk after 2/3 months and price of it will be X time bigger, it is just a big mistery how much it will be worth but for me this coin will never die.

Not to spoil your high hopes and beliefs to bitcoin but anything into this cryptoworld don't really have the guarantee that it wont die but if we do just base into its demand and popularity then it would really be hard to believe that bitcoin wont sustain anymore longer until to the future. We keep on speculating back since this post was created where we do believe btc will drop as a low on 4k but eventually we didn't able to reach out and when the price hits up on 6k then it suddenly change its trend and gradually increase.

Here, I will only add the following: the market has touched once its bottom this year. I guess that 2018 will not shock us more with the prices for the cryptocurrency. I believe that Bitcoin price will go up.

I do not think that this will go any further down that support level.

I think We all know that today, bitcoin values ​​are a bit pressing especially for people who invest bigger money. But it's normal in bitcoin, to go up and down in value. So it's better if we do not panic when the time comes.
If it will happen that the price will be lower than $ 5000, then many people can affor to invest in that case and they will get more by the time bitcoin will start up again in value.

If we ever reach that level then there is going be a lot of support.

Or a major panic sell...

The followers of bitcoin are never ever going to decrease in values and so is the value of bitcoin. We know that the issue is that bitcoin rules the hearts and the competitors are worried about this. They want to defame bitcoin in order to attract people because by market rate and fair game, altcoins can never ever beat bitcoin in any regard. Bitcoin will stay on the top of list forever no matter how hard is competition.

If it goes to that level then a lot of people will be able to invest in the Bitcoins.

The lowest that Bitcoin can go is $6K and it can also drop more to have more investors.

could reach the bottom since rising to high at the end of 2017, at the level of $ 3000.

Hope it goes ther soon because my wallets ae now full of btcs bought at dip, pending to get profitted count on.

The price reduction below five thousand still did not happen. But perhaps the time for this has not yet come and you need to wait until the end of the year.

I think bitcoin is already firmly entrenched at a price of 8000-9000 $. I am sure that in winter we will see growth even more than the previous one!

To be honest, I don't think that Bitcoin will fall any further from this level because we have already experienced the correction of 65% and there are some investors sitting outside to wait for little fall in the price and they will buy immediately at lower levels which will reduce their average acquisition cost and it will again bump the price in the market so even after the price fall, we won't experience it on a larger timescale. In fact, I believe that price is going to rise in the second half of this year and we might see some new all-time high levels.

Bitcoin will not go that deep. A lot of people already turned to crypto, unlike before only few people know crypto that is why the price could drop massively. A lot of people are willing to buy the dip just before it hits low. So, I doubt if it will touch $4,500 again.

the btc price has reached 6K USD I am waiting for the lowest maximum rate so I can also buy more btc at the lowest rate available because every form of investment even have ups and downs in the bitcoin market as well.

Besides, bitcoin prices have been stabilizing at the range of $8,000 - $10,000. Which I think is the true price of it since I think this is how much each bitcoin cost to be mined. I previously discussed in one of my post that the fundamental value of bitcoins are tied to how much it costs to produce one unit of bitcoin and I think at this level, it is truly representing the cost of mining one unit.

No I think as now bitcoin is at high demand and it is rising more and more so price will not stop increasing, we are now able to buy bitcoin at very nice price of 10k dollar and holding gives sure profit at the end, now increasing number of bitcoin lover is a positive sign for us holders, bitcoin will not drop to 45k this time as bitcoin is famous and it gives profits the holders so they hold fearlessly for the long time to wait selling bitcoin at the price of almost 30k.

We need to accept that bitcoin is still on a bearish market and we can see that from the market that it didn't cross the $10,000 price and it just get close to it and all of a sudden, it dump hard and that is the reason for me to keep having tracks on bitcoin so i can get out if something doesn't looks good.

I believe that bitcoin will not go down to $4,500 dollars because as of today there are still a lot of investors in the market and we can anticipate the price to increase even more in december.

Oh what a pleasant time it will be to buy at such a low rates! Hope i could go back in time.

Some people also said that it's going down to $3000. With that, I hope I could buy a lot more before Bitcoin is going to pump again.

The price value of Bitcoin is way high compared to the price on the wall as posted, a lot of things in crypto market had happened, issues on banned, scammer, and regulation of countries that is still not accepting crypto currency market. If we go back on the treed as a posted on the price value of Bitcoin it stabilized now at 8k plus. The global acceptance of crypto market trading in now growing interest on the investors, the fundamental are good, with increase participation of investors since the confidence level on the market is now more favorable as posted on the treed.

Bitcoin remain on the top among the crypto market trading as posted, the price value now is 8k plus, after the ups and down on the crypto market trading as posted. Bitcoin price is very volatile as it was hammered by a lot of issues like, issues on banned, scammer, and regulation on countries with growing of investor on crypto currency market trading. Yet, the Bitcoin able to survive the resistance on the market trading of crypto currency. The fundamentals now are favorable to the investors of Bitcoin project, as it show more confidence on the market treed for investors.

Entering bitcoin investment really needs a lot of patience and perseverance. We all know that this is a volatile market, anything goes with in a glimpse, price goes up and down periodically without certain specific sign. All we know is something had been very progressive or orthodox happens that surely affects the price. So, it is normal to mind the price, but remain calm in every price movement that we experience. Invest wisely.

Bitcoin is going to raise and will not fall any down, as of now am posting bitcoin is actually $8093,so I see rise in they market, thanks.

absolutely, bitcoin has gone far above 4500 dollars few weeks ago and it did not touch this value even during the last bleeding dip. It was able to stay above 5k dollars as far as my price checking goes. I have firm believe that we will never be able to see this coin decreasing to such low value ever in the future. It has become an asset that is very expensive even in his fall downs.

I think it's really over to imagine that bitcoin will go downhill at 4,500$ because that's not even going to happen. After bitcoin has fallen down to 6,000$ about three times this year, it just stayed right there and never touched down at 5,000$ mark even once.

I agree with you, bitcoin not possible to fall to $ 4.500 it impossible, and this time bitcoin heading to the moon.Do not think will fall again, bitcoin going to $ 15.000

That must be our goal eversince the year started. Buying bitcoin at its lowest price in preparation for a big pump. There will be no regrets if we bought bitcoins the time it was very low.

How did you come to know that the price of Bitcoin will go down to $4500?😏 damn, you guys can really put people into confusion. First of all, I saw some people predict that the price of Bitcoin will go up to $20k in April, and that was supposed to have happened since but I’m not seeing any sign of the price going further up this month. Now I have seen another prediction that the price will reach $15k this month, now you have brought yours that the price will down to $4500,really confusing 😑

Before anyone gets confused about bitcoin heading downwards or upwards, you should've known what you are getting into before investing on cryptocurrencies because if all should know; bitcoin is still very young. It will have a lot of fluctuations as years go by and it will eventually becomes stable but we can't predict when that time comes. Expect that bitcoin can go up to $50k, who knows and can go down to as far as $6k back the next week.

The volatility of the market is the reason why there are a lot of people who are interested on cryptocurrency, so we should invest today while it was still cheaper.

Fortunately, it didn't come that far as Bitcoin lowest at $6,000 only but it hardly to reach the at least $10,000 again in which mostly expected by most of the Bitcoin enthusiast but hopefully it will reach this mark soon as per predictions by most of the Bitcoin famous experts in which Luckily to those people who purchase Bitcoin during the dip because for sure they will earn more than enough soon.

Exactly, it’s indeed normal. In fact, in crypto market, nothing is in dip forever because we all know that it charaterises for volatility, thus there always has a recovery anyhow. Evidently,  in the very beginning of 2018, maybe bitcoin price is in bad fluctuation currently, but still be green again. Anyway, I still believe that bitcoin price will have rise again. It’s much petty normal that bitcoin is in up and down price than it’s just keeping stable because volatility is its nature.

Bitcoin heading to $4500 Is encouraging but the speculation is between $5000 to $6000 no one is sure yet. Again it will be something good for all those who are investing in it.

While I can agree that it is very unlikely for Bitcoin to hit anything below $5000 again, especially because of how previous bottoms have kept their position nicely in the last years, it can't be ruled out completely. Crypto markets don't follow the utility of the coin, so in case the panic going through the market is severe enough, possibly with the media anti hyping things up badly, we can see these levels sooner than you can imagine right now. Do you really think traders selling their coins like there is no tomorrow worry about miners not being able to get a fair price for their coins? They just want to dump in order to prevent further damage, everything else doesn't matter. It's called act now think later logic.

$4,500 is a real low hit for us if Bitcoin gets to that point. I don't believe we'll get to that point this year and beyond. I believe our lowest was when it hit $6000, and by the way the future is bright. Better days are surely ahead of us