Bitcoin Going Less Than $5000?

[AlisaWhishie]

It won't be profitable for miners to continue mining, if the price is less then 5k, so this is the main reason why I think that this is unlikely to happen. Actually, we need a price to stay higher than 8,5k to make mining profitable, but with less then 5k it will be, in fact, a negaive business.

[paulk11087]

Absolutely I agree. If it falls below 5k, it will be snowing for those who mining. We can come up with a very bad scenario for bitcoin so it can not afford it. But I do not give a chance to this point.

[coinminerdotcom]

Anything is possible in our current market. I believe that the big mining investors will do everything in their being to keep it above 5k. Otherwise their investment will be hurting. Even if it's not immediately profitable, the mines will still run. For when BTC bounces back, the trickle of BTC will have added up.

[Visbay]

Absolutely I agree. If it falls below 5k, it will be snowing for those who mining. We can come up with a very bad scenario for bitcoin so it can not afford it. But I do not give a chance to this point.

It will be good not to give bitcoin chance fall that much to try to hold your bitcoin in your wallet for long term and don’t sell your bitcoin at panic, we should keep on holding our bitcoin even at the lowest price, it takes a lot of money to be a miner so better to earn fast and high but expansive it is good to invest and holding at the lowest price of 5k dollar.

[cuteboy2016k]

Yes there is chance to go bellow $5000 range, but the price will not stay that price, after reached that lever bitcoin price will go up and to the moon, may this will be last to view $5000 level in history, current market condition is very bad for bitcoin and crypto currency.Next year the price will be reached $15k level, I think current price is best time to buy.

[txsignatoire]

Daily BTC did manage -after four closes in the 2-3 Std Dev bands (strong selling pressure) to work it's way back up into the 1-2 Std Dev Bands (normal sell pressure). The test of Daily resistance @ 6600 failed. this is the expected normal action providing us a chance to cover shorts in the bottom of  the lower 2-3BB channel and reset them higher in the current 1-2 BB channel. I'm sure to sound like a broken record but will repeat, the Daily & Weekly are below the Zero line on the MACD and below the 50 SMA. This is "Bearish." As such I expect prices to continue to work lower.Until we work our way out of the selling channels. I'd watch 5800-6000 level for a bounce. There is some Weekly support in 6140-6340 range. There are a lot of anxious buyers and plenty of $ on the sidelines waiting for things to turn, I wouldn't try to predict events here, but my bias would expect a few more weeks downs.

[MMA]

Absolutely I agree. If it falls below 5k, it will be snowing for those who mining. We can come up with a very bad scenario for bitcoin so it can not afford it. But I do not give a chance to this point.

Yes it is even possible for the price to decrease too much, even below 5000$ but i think that there are very little chances, because bitcoin price is already getting a very strong support from their investors and they are not letting bitcoin price to drop from 5000$. which will then create a big problem for the investors.

[19Nov16]

I think the bitcoin price can and would be a chance kess than $ 5000, but this is a good and lucrative opportunity because we can buy at a cheap price and immediately get a high RoI, and usually after the price drop too deep then the price immediately skyrocketed.

[xfaqs01]

if FUD strikes you, youll can really ask yourself if this is the end of bitcoin specially when you bought it and still holding it, but if youre going to look back few years bitcoin is still gaining in the long run, so i guess this FUD really affect only to those new comers in cryptos

[siguria]

btc has so many times experienced worse situations than this and if we consider the fact that the price of it was 6k before January and we expected for it to remain on that level the current prices seems not too dip to me.

[Kidmat]

Everything indeed is a possible in crypto but I am hoping it will not go down further to $5000. In case it will touch to $5k more investors will grab this chance to invest more. If price decrease it will increase eventually.

[Kez1817]

The Crypto World has Witnessed a lot of Ups and Downs (Mostly "Downs" Though) this year 2018. Now we are at a point where most investors percieve to be the best time to invest in Cryptocurrency, but unfortunately the dip has only worsened.

This has left a lot to ponder and a lot of people are starting to ask the question "Is this the end of Cryptocurrency?; especially BITCOIN".

Let Me Have Your Take, What do you think? Leave a comment below.

Cheers

     Remember crypto market are so volatile which any moment price may drop or it may increase. So,this time market down and instead of panicking and worrying much better to buy more now. Fill your wallet with coins and tokens now to earn more profit someday.

[coinnumber]

The Crypto World has Witnessed a lot of Ups and Downs (Mostly "Downs" Though) this year 2018. Now we are at a point where most investors percieve to be the best time to invest in Cryptocurrency, but unfortunately the dip has only worsened.

This has left a lot to ponder and a lot of people are starting to ask the question "Is this the end of Cryptocurrency?; especially BITCOIN".

Let Me Have Your Take, What do you think? Leave a comment below.

Cheers

     Remember crypto market are so volatile which any moment price may drop or it may increase. So,this time market down and instead of panicking and worrying much better to buy more now. Fill your wallet with coins and tokens now to earn more profit someday.

Despite the fact that cryptocurrency price is unpredictable and it has experience a lot of price fluctuation compared to what  investors and the entire community was expecting does not warrant us to give on bitcoin. Like you said already, I believe this is an opportunity for those who don't have bitcoin and other valuable coins to get them to their wallet easily because for sure many will regret not buying now.

[Lpim01]

Nothing is impossible. Some even predict that the price of bitcoin will be less than 3000 dollars. We should remain calm in such a market.

I doubt it will reach such price cause bitcoin are getting strong today and even crisis happen still can manage to face such challenge. In fact, a lot of dips happen but still on the race, it is been tested and shows greatness which we can rely these as a form of investment with less possibility of losing.

[Sanu Simon]

Today the market of cryptocurrency seems to be at a level of recovery. Based on this I believe that the price will continue to grow along with other altcoins which contribute to the market capital of the entire cryptocurrency. Even now we cannot provide assurance, but the possibilities to go low to $5000 has decreased.

[Lecam]

I hope it wouldn't hit less than $5,000 I don't have some extra money to buy ,
But if it hits below that I think it would only be a matter of time before it gets high again ,
I think people or investors wouldn't let it stay down there if it ever happens.

[BUK2016]

One cannot say it is the end of bitcoin nor crypto currency but a great avenue for people to invest and expect hug return on their investment in the nearest future since there are strong speculation that bitcoin value will still appreciate well before end of this year.