Bitcoin Forum

I think it should.

As per CMC the total Market cap is only $121 billion. If the price of Bitcoin hits $3000, then the market cap approx will be $100 billion. I may be wrong in the calculation, but it will be less to what it is now. Which means most of the short term investors and panic sellers have left the market. Those who are left are either long term holders and big whales.
The only option left for these whales is to pump the price  at $3000 level.

What do you think? will stop at $3000 level or will it go further down

Why would it look at the charts and the news seems like game over to me, lots of investors will have to bail out and those with big profits will take some.  Feel free to buy some more though as crypto is cheap the real question is why ?

What do you mean by Game Over? and as per the charts I am asking this question?
The charts at the moment say $3000 level, few days back it was $3500

Truth is no one knows.

I think that Yes it will reach this level and begin to rise, it is my personal opinion. But I believe that the growth will start soon !

In my opinion, I think it will continue to fall and the problem is we don't know how deep it will fall. A lot of my trusted resources online shares the same opinion and they're are thinking that no bullish season will happen until 2023, I just hope that they're all wrong, that we can still experience the same bullish season we've last year.

I also believe the same. But, the amount of manipulation in the market makes me think twice.

Few of my friends are saying that Bitcoin will reach the level of $750–$920, which was the price of Bitcoin in January 2017 and by first quater or second of 2019, it will bounce back.
I do not think this will happen and I hope for the same.

There is a high possibility honestly. I am not so afraid of. I am more worried about the result it will give. I believe people are leaving the market, it isn't what I am worried about, but more about a possible "snowball "effect. Perhaps once the purge is finished we will be at least able to see where we are going to.

The price will definitely go further down - it is obvious. The other question is what's going to happen with bitcoin this year? There is a suspicion that the calm in the price range will last for several months until the spring, in order for the vigilance of people to fall and then the bulls will start to throw up the price so high that it will be impossible to buy in a few days.

At this point, everything is possible. The selling pressure is very real so I wouldn't be surprised if we bottom at lows $3K. The bears are not yet done, they are not exhausted so there are a lot of pressure selling.

And there are no people buying as well. Other's say BTFD, but no one is making a move because of the negative sentiments specially when BAKKT postponed their offering. I think its the last straw that's why we see fresh round of dumping in the last 48 hours or so.

I think yes. The last level as for me is 2900$. After this target crypto will start growing. I think that the next bullrun will start in Q1 2019. Also it can be some later. Now it's better to hold.

I hope not, but at the rate the price is dwindling down, it's possible. Also, who's to say it will stop at $3000? It might go lower, but maybe the $3000-$6000 is going to be the new normal. It might go higher as the year ends. Thing is, we don't know for sure, but as long as people are patronizing it then bitcoin is fine imo.

The price is going down each day by day and no one can really tell or predict if it will button at $3000 or it will go below that but all we know is that the price will not remain in red colors forever.

Difficult to say, I have betted on supporting at 3600E

That makes 7x to 21K, which could happen next year, maybe 30K  aprox 10x from here.

Don't buy all at once, distribute your buys and take some time. Good luck!

Indeed, that will be the best time to buy, 2018 is a bear market. I believe with Ohio now excepting bitcoin for taxes it will boost the price buy quite a bit.

According to the price volatility everything can be. We don't know what we are gonna face tomorrow. Unless there is an innovation against the price decline we can see even below 2k. The darker price, harder it gets towards the darker and I think we are close to that dark color. A new breath is needed and subsequently everything can be fixed.

I think one of two things is going on. Either we are going to zero, or institutional investors are pushing the price down to buy up the BTC's of the retail investors. Either way. You should only risk what you're comfortable losing. The price is already too low to profit off of mining so the fact that the network is far from vulnerable demonstrates that the community still believes in the future to continue mining at a loss. If those miners lose hope then we will see zero.

thats the only question when we hitting the bottom. And its always the Question on every fall .
Most users here hope we have still reached out the bottom currently.


kind regards

I think btc will no longer go deep down to $3k and most likely this will be soon back  to normal in a couple months. As per observation, the expected bull market may not be clear in December but I would speculate that there  will be a slight increase but not a major bull market.

No one can say that or can determine on what happening to bitcoin on the next days if fall or rise. It is possible that bitcoin value fall up to the bottom not only fall up to $3000 but it is possible up to $2000 or lower than that but don't be afraid because it will not comes to the zero value just review the past of bitcoin how fluctuate the value and how fall and rise it. Don't afraid  just patient it will rise soon.

as for now we can't really tell how the price of bitcoin will gonna be. because the price is so unpredictable until the end of this year. If bull run never come this year. then the price of bitcoin will be possible to go down to $3000, but that's not the end of the price fall if no bull run this year, people will lose hope and probably the price will go down further.

I agree.Bitcoin has still have high chances to go down to its more lower price making the market more bloody.I'm really disappointed seeing the market now but somehow,i know everything will be back again in its normal price few days from now.We just have to be more patient this time.As long as there are still people who never give up on bitcoin,it won't lost its value.

Present scenaria the price is hovering betweem $3300 - $3900 level. I hope it does not go below the $3300 level. I know it is impossible to predict the price but, logically the marketcap cannot go below $100 billion mark. Which means it should bottom out at $3000 level.

I know we cannot predict the price but, I doubt it will go below $3000. There is a strong resistance at $3300 level.

good analysis, but, I think some of the remaining investors will retain their assets. they believe that BTC will create a bullish again.

so, it's impossible for them to sell BTC at a very cheap price. BTC might drop below $ 3000, because hash battles still occur.

but, I'm also still confused, will be there more investors who can pump prices? or will there other factors that can pump prices?

I doubt there will be a Bull Run this year. But, I believe the price will not fall below $3000. Bitcoin dominance in marketcap is more than 50 percent. Logically if the market cap goes down below $100 billion then most Holders have now become panic sellers. which I doubt will happen.

I am telling the truths i don't believe price analysis all prediction came from analysis are failed, Expert from the financial institutions are failed to predict bitcoin price movements, Maybe it's possible to reach 3000$ price dumped or lower that amount before bitcoin raised again their value.

The exact number can't be predicted, mate. Although we can make a prediction in a mathematical way, in fact the price of bitcoin will follow how the traders and buyers set the rates. As it is decentralized, no one really knows how much the fluctuation.  
 

I don't think the market value of Bitcoin will go below $3000 or reach $3000. Looking at how the current tradings, the lowest price bitcoin might hit will be between $3500 and $3600. I see Bitcoin price rising in the month December to the early aspect of 2019. 8) 8) 8)

Only if we can say things in the future without any doubt. The bottom price of bitcoin will only tell in time, let's just wait for that and hope that we can survive if we hit the bottom. I just stay focus on holding with my bitcoin, buy more every time I have spare money because its cheap and we should grab this opportunity.

After the decline/bloodbath that started 2 weeks ago anything's possible. Imo it's only a matter of when because right now the price is slowly recovering it can easily turn around in the next week or month if majority of the traders plans to sell again. I also don't like where Bitcoin is at but that's what happens when a price suddenly peaks within a year.

Why not?

I can't tell if we will bottom out at $3,000 or below that but this crypto, full of fluctuations. Let every speculations pass and let the market decide if we're going to break out but basically I'm not thinking of the bottom, I'm starting to realize on how much bitcoin would reach to the ceiling soon.

It is the reason why I'm starting to realize on how much it would be because of early positive speculations. But again, let each of our speculations see what's going to happen, we might be wrong or correct with what we are saying until that day comes.

This is very possible since the price is actually nearing in to that value. Bitcoin may go all the way to an 85% price drop from ATH last January. But that's what Bitcoin does before making a huge recovery. So, nothing to worry about. We just need to be patient during this condition.

TRUTH is EXPERTS KNOW

Truth is there is nothing new under the sun

Truth is BTC is down 90% year-to-date, and statistically it can go down this year another 90%, and this is the TRUTH.

You can't lie with math, it could also possible go back up 90%, maybe but then it would only be back near $7,000.

This is truth.

Truth is there is NO BOTTOM except zero, but BITCOIN is here to stay, and most likely it will mean revert back to near $1k, and float around that region +-90% for years to come.

No it will trade around 3200 dollars which is the psychological range between 3200 to 3800 I do not think it will bottom out at 3000.

Cause  the dominance of Bitcoin in the market is more than 50 percent. If the market cap goes below $100 billion there will be a panic selling which will result not be fruitfull for whales. Furthermore miners will stop mining. This might result in total collapse of Cryptocurrency market. Most of the ALTS will die.

Those who are manipulating this market will never want this to happen.

we find this topic every price falls. so when prices fall to $6k and $4k many ask whether we have reached the bottom line? the answer is not necessarily because the price change depends on the current conditions and situation. so it's very possible that prices will fall more than this. the most important thing is that you must be prepared

I believe bitcoins has already bottomed out at 3100$, and the panic sellers have left the market for good. As we have been seeing bitcoins prices touched 4k, but it came down to 3800$ As it could not sustain those levels. I feel it's finding resistance at 3500$ levels, and with the news of Nasdaq futures coming in a rally may soon be on cards hence I feel it should go upwards now.

Since we are yet to reach the bottom price of bitcoin market for this year, I think the chance for the market to dump to the $3000 price range is possible because the supply level in the market is high than the demand level and we're in month where people sell there coin in other to get the family something for the holiday.

in my opinion the price of bitcoin will not drop below $ 3k, if the price of bitcoin falls below $ 3k it will have a very bad impact on bitcoin. chances are the price of bitcoin will recover with a long time.

The fact is that the crypto world does not lend itself to logic,although it deals directly with numbers.To predict here is very difficult,due to various factors.Personally, my opinion Bitcoin probably will not fall to $ 3000, and we will never see such a price anymore.

We did not touch that price but I agree with your overall analysis, at some point the drop has to stop since panic sellers will no longer be in the market but the issue with such a big drop is that it creates more panic sellers as people get afraid of losing even more money with cryptocurrencies than what they have lost already but fortunately it seems that process has stopped already.

I think that the price of Bitcoin will not go lower already and will not fall to 3,000 dollars. The danger was a few days ago, when Bitcoin rapidly began to fall in price and dropped below 4,000 dollars. Now the situation seems to be gradually stabilizing, although it is precisely before the new year that it can be deliberately lowered again in price. In general, the situation is now unpredictable and there may be various variants of Bitcoin behavior.

I think we are getting very close to the bottom. IMO it's a good time to enter Bitcoin (https://coincodex.com/crypto/bitcoin/) again.

Check out this video technical analysis by Altcoin Buzz, pretty insightful:
https://coincodex.tv/videos/510/when-is-the-best-time-to-buy-bitcoin

Small problem using market cap as any type of psychological barrier.

1 - market cap is horse shit.

2 - nearly half of that figure is made up of wretched shitcoins.

I don't think we're going to get a crypto spring until plenty more shit is flushed away. That means a market cap considerably lower than where it is at present.

Lol. People still in the market right now have pretty much lost most of their investments. I think a lot have that all or nothing mentality already and would just opt to see where this goes. I think it's close to bottoming out now whether we bounce from 3k or go below it.

I think nearly enough value may have been flushed out of altcoins. They'll never dump as far as you think if your perspective is that they're valueless shit. Altcoins perpetually troll bitcoiners the same way Bitcoin perpetually trolls nocoiners. They never die, they never go as low as you think, and a million dead coins are going to rise in another bubble after you've already written of the possibility.

I'm not exactly mid-term bullish on altcoins, but the bulk of the damage is already done. They're totally secondary to what the BTC market does too. I wouldn't bet on too much blood while BTC is hovering at the 200-week MA.

I hate being analytically speculation, but I think this is the bottom price since it is now a yuletide season many people having a financial problem and probably weak people converted their bitcoin asset to fiat and that probably gets the market to become the price worst.
So, if it is the bottom price now, don't worry we all know that Bitcoin and other cryptos will never hit into the ground.

I don't know if it'll be the ultimate bottom, but I think there's a good chance for a mid-term bottom here. Selling momentum has slowed considerably, there's horizontal S/R at $3K, there's long term MA support here as well. Daily Chande and RSI are in great position with potential bullish divergences too.

This low off $3,122 looks a bit weak with low volume, so I wouldn't be surprised to see another stab down but my overall expectation is something along these lines. If we draw a parallel to previous cycles, we're currently in late September 2014:

https://i.imgur.com/CMCCXdm.png

We will go through a phase like this, we all know that Bitcoin is still something that is in great demand by many people. The benefits and functions that Bitcoin has have an extraordinary appeal. The price of Bitcoin is currently in a bad situation, but I'm sure this will only happen in a few moments. There will be an increase and we are all convinced that we can become the rise of Bitcoin in the future. Let us together to support Bitcoin, increase the use of Bitcoin and we will get the benefits if we dare to invest at this time when the price of Bitcoin is in a cheap range.

What do you mean by Feel free to buy some,but the Question Why?

Why do we need to buy crypto?Because we believe in the technology behind this,and we know that future lies on this currencies things that you dont wanna hear because you are Fud creator lol.stop this issues brother aand start trusting cryptocurrencies for you own future

i think it will may happen because price falls so fast. And then we will see a rebound...I hope ;)

No one is expect this price fall so when it will rebound is impossible to predict so high margin investors only make profit. But no one is loose the hope because number of news are comes in positively so we must wait for the next bullish trend.  All the pump and dump is unpredictable so we should concentrate in long term our journey is safe.

Market seem to be moving uncontrollably and is very unpredictable. We can't really tell what will happen if the price will continue to go downward or it will have an upward movement before year ends. It times of uncertainties and downfalls, we tend to panic, be disturbed, and bothered not realizing that it already ruins our purpose and vision. No matter how hard the situation seems to be, never forget to get back on what your goals are, don't lose hope, everything happens for a reason, there are things are out of our control and we should learn to embrace that harsh reality of life.

it wont drop under 3000 dollar.
it is the deep level for bitcoin in 2019. and in 2020 it will go up and up.
i hope.

With today's strong reversal candle, it looks to me like we've confirmed the local bottom. I don't think we'll get to $5,000 on this leg, but I think we'll get to at least $4,400 if not $4,750 as stated in the chart.

We could still be in a larger bear market. But we've at least taken our first baby step towards painting a reversal.

I can't be sure of that. crypto is full of unpredictable changes. prices can go down and go up whenever there is news and trends
that occur. but for now it looks like prices will stabilize at $3100-$3400

It is very hard to decide and to think whether bitcoin will rise from this and honestly, all I have now is the belief that bitcoin is the currency of the future. Based from the price, people keeps selling even at low prices and there are so many reasons to think why they do that. Maybe they need money, maybe they give up on bitcoin already and etc.

Even if whales could be the one doing the selling causing the big dump at the price, @pakhitheboss could be right. Maybe the only option left is for whales to be greedy right now, and them buying will surely make a change at the market price.

I think we have fully capitulated over the last month.

What's going to be really funny is if we get 2-3 more days like this in a row, then all those people waiting for 3k jump back in when it's clear the bottom has come and gone... and well... fireworks will happen.

I mean, we could hit 8k and just be back where we were a month ago, except for those of us that were accumulating at the bottom.

Oh! I can't wait to see a lot of them get flushed down the drain as shit as they are. For now, I still feel we have not even reached the capitulation spot, as there could be more bearish conditions to come, but that is pretty much left for time to tell, and it would probably be at this point, that we will get to see so many of these altcoins take the death lane. I really just pity those who are busy holding some shit coins for quantity sake for the sake of some huge wealth in the long run.

As of this moment, we see that it shows some positive trends and hopefully this will continue to rise. So much more things happen this year which it triggered the crypto community that could possibly be in panic.

I don't think the BTC value will goes below $3000. Now the market is showing improvement and soft Green Signal which is the one investors are expecting from long period of time this year. In the upcoming days i believe the value is going to increase further and reach some good value above $7000. we need to watch closely on the trends in crypto market to get benefit from it.

Also, everything here is just speculation.
So whatever the price they will attach to bitcoin, has no meaning at all.
What I mean is, there's really no significant impact if somebody will say that this is already the bottom or not.
At the end of the day, you need to follow your own instincts and decide which one suits your current financial situation.

I hope it will stop from being down further. Bitcoin is indeed facing bad situation but it doesn't mean bitcoin will die or something. But, I agree that short-term investors are panic now and left, because they afraid to get lose and get nothing.

I can remember when a lot of people were busy saying it won't drop under $5800 some few weeks back. It is a market bro, and nothing is guaranteed, as we just have the trend to and price action to tell us what to anticipate. I believe however, that no matter how low the market goes, it is simply going to recover at some point, and that is when a lot of people would wish they never made the mistake of giving up on the market. Whether the market will end up bouncing at $3000 or not, only time will tell.

Yes that is true, maybe I am one of those who say that, because I am not willing if the price of bitcoin falls lower and lower, but I realize that absolute market forces are in the hands of its users, as long as they are still easily influenced negative news that usually often results in panic selling actions, and a significant decline in market prices of course it will be something inevitable.


But in reality, the price of bitcoin has bounced to the level of 3700 today, and it looks like he will move away from level 3000 as predicted by the OP.  I hope today will be a good start for the growth of bitcoin and other crypto prices.

Although this thread is old, I have decided to post this thread even though I know the thread is old because of the following reason:

after 3 weeks the price rose to $3900, yes contrary to the opinion that the price is falling (I even prepared money to buy because I thought the price would fall to  $1500) to  $3000 the price has gone up, that means that Do not believe the opinion or analysis of the news channels in nor in the opinion of these famous faces of the crypto world. because they're always wrong

Definitely less volatile than I thought it would be, but we're still following the path I expected in mid December.

Regarding the parallel to the last bear market, I'm still torn. I'm not sure if this rally above $5K = the November 2014 rally or the June 2015 rally. Either way, it's probably a good opportunity to sell. We are nowhere near seeing any long term bull signals (like a weekly 20/50 cross) so we'll probably be grinding sideways for some more months yet as late bears sell and short the bottom. No hurry!

I think we're already past that now. This 3.9k level seems to be on an accumulation stage and we may just go up from here. Though i wouldn't be surprised if we drop again to the 3.5k points but 3k flat is probably unlikely.

As we all already seen once before ,BitCoin has come and  gone ,the ? Is "will it reach the $20,000 Mark as some predict this year.....

That is really the truth about the current market situation.  Bitcoin bottom out is now a past things.  We are at the recovery face of the trading cycles and it is important we understand that currently bitcoin is doing well and very soon we would start to see consistently growth.

As we can see bitocin price already grow, and now is not more the case that bitcoin price goes so low and to not be more profitable to most miners, i hope that this grow will continue all this month and all this year, even if is not high grow is still good.

Price is up yes, but will this be a short time rise or bitcoin price will set up a new bottom at $5,000 we will see. We all hope for much higher prices, this is just 1/4 of the ath price, we have a long way to there. I`m optimistic, and this price rise just made everyone optimistic again, its nice to see that for a change. Let`s wait and see how high will go this time.

It did stopped at $3,000 level and now strongly beating the bear and pushing the bull at $5,000 level enough for me to say that bullrun is almost there

The OPs question is about the botttoming so lets focus on that,and the bottom has been reached already,now time to celebrate for the goodness of all cryptonians

everyone know that bottom is not 3000 why ? because a curse of mtgox never end before big red in prices .... less and less and maybe a visit 1800 per btc

You think if customers get their coins back in civil rehab the market will get dumped hard? I've got mixed feelings.

It will definitely add some supply to the market, but I'm not sure it'll catalyze new lows at this point in the price cycle. Maybe it'll be more like the August 2015 correction rather than the January 2015 crash. A retest of the 200-week MA but nothing too crazy.

You must be a bit tired when writing this mate lol, you need to get some sleep because I don’t know why you want to return us back to 2 years ago with your $1800 prediction.

There is nothing in the market now or negative news that will make us ever witness that price again, even with all the negative news we have seen from SEC as regard BTC, the price still went ahead to surge, has that not interpreted to you that we have many investors coming in and if you are to base your fact on dumping, how many people are willing to dump their coin now for this token value we are seeing? So my dear, you have got to withdraw that price and keep it safe in your wallet.