Let's Be Honest. We Are Waiting for $100/BTC to buy

[wuvdoll]

Why not cut the long wait short and invest in an altcoin because bitcoin at the moment is over the moon. :)Besides I do not see any indicators saying the price will be dropping this low any time soon!

No doubt that trading alt coin is also a good idea, but the fact is that bitcoin price is not going to drop  to such a low price, I think if some is going to wait for that price he is just wasting  his time and nothing else.

I think it will be better to invest in bitcoin even in the present price because still bitcoin price is increasing and will never drop to such level any more.

[streazight]

If bitcoin fell to said $100 something dramatic must have happened. At that point I would probably lose quite a bit of faith in bitcoin. I'd prefer not to see it go there even though it would obviously be a good buying point.

First I think it is impossible that the price will fell down so low, but if it happed I think not only your but almost all the people who love bitcoin will also lose their faith on bitcoin. i think most of the people will move to other crypto currencies and most of them will even stop trading bitcoin as well as other crypto currencies.

[Natalim]

If bitcoin fell to said $100 something dramatic must have happened. At that point I would probably lose quite a bit of faith in bitcoin. I'd prefer not to see it go there even though it would obviously be a good buying point.

First I think it is impossible that the price will fell down so low, but if it happed I think not only your but almost all the people who love bitcoin will also lose their faith on bitcoin. i think most of the people will move to other crypto currencies and most of them will even stop trading bitcoin as well as other crypto currencies.

That would possibly be the scenario in the future, when the price fall that hard people will doubt on the future success of bitcoin, some may buy but it will not guarantee that is the lowest price since there's a possibility it will fall below $100 depending on the gravity of crisis it will face.

In the end, we still hope this will survive so we can still trade and make profit.

What I have mentioned is the worst case scenario and hope it will not happen.

[justdimin]

I don't think we will be happy if bitcoin has down to $100 but as per me I will be afraid on the things that could happen to bitcoin just look at it from $1000 it is down to $100 . It is not good flow og bitcoin it just means that it is possible that many users has switched from bitcoin to other coins.

I agree to you , If bitcoin price will fall into 100$ today bitcoin price loses 90% of it. Many bitcoiners will be afraid of using it because the price is fallen too deep. Others may discontinue to use bitcoin because lf the fall down and others might buy bitcoin as many as they can because of the falling price incase thats happen i would be sad.

If bitcoins price fall down to 100$ it will create a great hamper on the success of bitcoin.Most of the people will leave bitcoin.Many investors are holding bitcoin currently, they will be disappointed.Overall, it will be not good for bitcoin.

Since it will not be good for bitcoin economy as a whole then I believe it will not happen anymore, people will think that the price is just manipulated as we are back again in the same situation in the past. With the current price movement now, I do not think we will drop easy, it's increasing and the movement is very healthy as it is consistent. We should hope for the best and don't expect it will happen again.

But at that time the volume of bitcoin was very low, and it could easily be manipulated.

But now we can see that the users of bitcoin are increasing rapidly as price of bitcoins explodes, so it has become very difficult to manipulate the price of bitcoin so easily, hope we are not going to face the previous experience again.

[DonQuijote]

Still waiting??
Where can i open a long or short?

[Harlot]

I don't think that is possible now for Bitcoin to go down that deep. I mean the only way it can go down to 100$ is when the governments of all countries take a global action to ban Bitcoin then there will be no point to buy Bitcoin at that time. Also with the price it has now the deepest it can go down is 500-600$ per Bitcoin which will not happen for now because Bitcoin is still on an up trend

[sportis]

The train left and never turning back. There is no way the price to go so deep down. With all of these facts happened worldwide that is the devaluation of yuan in China , the demonetization in India, the hyperinflation in Venezuela and so on I would be very happy to buy if the price goes down to $700.

[rizkyhiw]

The train left and never turning back. There is no way the price to go so deep down. With all of these facts happened worldwide that is the devaluation of yuan in China , the demonetization in India, the hyperinflation in Venezuela and so on I would be very happy to buy if the price goes down to $700.

those issues is not enough imho to drive bitcoin keep on top
there would be a correction and the price will just stay
at that point people will start confused
and instead keep supporting they do panic selling and the price could possibly dropped.

[Supercrypt]

Still waiting??

Well the price of the bitcoin has shown a promise that it cannot fall down until last few days, and right now with the price being close to $900, it is unlikely we will see it drop further more, even if it does drop it won’t drop to 100$, it could not go under $800 as per many expert's speculations.

Those who waited must have not got chances to make profits, only "buy now" decisions would have made profits.

[pitham1]

The train left and never turning back. There is no way the price to go so deep down. With all of these facts happened worldwide that is the devaluation of yuan in China , the demonetization in India, the hyperinflation in Venezuela and so on I would be very happy to buy if the price goes down to $700.

You might just have an opportunity over the next few weeks. Bitcoin is threatening to break below $800 now.
But the problem is we keep moving our goal posts ever so often. Once it reaches $700, we will wait for it reach $600 before deciding to buy.

[Positid]

The train left and never turning back. There is no way the price to go so deep down. With all of these facts happened worldwide that is the devaluation of yuan in China , the demonetization in India, the hyperinflation in Venezuela and so on I would be very happy to buy if the price goes down to $700.

You might just have an opportunity over the next few weeks. Bitcoin is threatening to break below $800 now.
But the problem is we keep moving our goal posts ever so often. Once it reaches $700, we will wait for it reach $600 before deciding to buy.

Don't expect that low, it will just stay at $800 then will go back at $1000. If you will ask me, just buy now and enjoy later. In the end, it's just an speculation and nobody is right until we see it.

[millgates]

Probably it is hard to see bitcoin price reach $100 again, becouse the bitcoin price trend is up/positive. Also may be bitcoin price will keep rise up to $1500 USD in the end of 2017. So I think if we want to buy bitcoun it will be nice if we buy it now.

[Zadicar]

Probably it is hard to see bitcoin price reach $100 again, becouse the bitcoin price trend is up/positive. Also may be bitcoin price will keep rise up to $1500 USD in the end of 2017. So I think if we want to buy bitcoun it will be nice if we buy it now.

Yeah it is not even going to happen that we are going to see the bitcoin's price go back to $100. But anything can happen right now and the price of bitcoin is falling after its rapid increase. It is now on rapid decrease, but if it will ever going to happen that it will going to be $100 all of the sudden, then probably I'll buy.

Seeing bitcoins rapid price decrease doesnt really mean that it would possibly go back again to $100 mark which is somehow an impossible thing to happen.It may drop for now but not that low because if bitcoins price would crash to the bottom i think there are problem happening on bitcoins ecosystem.

[Emoclaw]

BTC will never go back down to $100 unless something significant happens that has a huge negative impact. Kind of like what happened with ETH, where their screw up divided the community.
Should such thing occur, BTC will face difficulties recovering again.

[deadpoolx]

The train left and never turning back. There is no way the price to go so deep down. With all of these facts happened worldwide that is the devaluation of yuan in China , the demonetization in India, the hyperinflation in Venezuela and so on I would be very happy to buy if the price goes down to $700.

You might just have an opportunity over the next few weeks. Bitcoin is threatening to break below $800 now.
But the problem is we keep moving our goal posts ever so often. Once it reaches $700, we will wait for it reach $600 before deciding to buy.

Don't expect that low, it will just stay at $800 then will go back at $1000. If you will ask me, just buy now and enjoy later. In the end, it's just an speculation and nobody is right until we see it.

The Bitcoin price is more likely to remain above $ 800. However, in a more complicated scenario, and in a panic-driven market, it would be possible for the price to fall to lower values. I think the minimum would be $ 650, because this is, according to some experts, the price to produce a single Bitcoin. But I don't think miners and speculators in the market would get to that point.

[BossMacko]

I am honest when i say i am not waiting for 100$/BTC because i know it will not happen anymore. Let us say Bitcoin become 100$/BTC do you think people will still believe in Bitcoin if that happens? I think most people are going to quit using Bitcoin.

[deppil]

Still waiting??
Where can i open a long or short?

Lol funny when someone is still waiting for this to happen, the only chance for this to happen and you look at the price of $ 100 at the time when bitcoin is going to die

[Finestream]

Still waiting??
Where can i open a long or short?

Lol funny when someone is still waiting for this to happen, the only chance for this to happen and you look at the price of $ 100 at the time when bitcoin is going to die

That's possibly what people's perception is when the situation happen. I don't think it's still worth to buy bitcoins when the price is like that, I mean the value has depreciated that low and that means something negative to us. We are gambling on a risky future thinking the price might rise again, we could lose or win but the risk is really big.

[deisik]

The train left and never turning back. There is no way the price to go so deep down. With all of these facts happened worldwide that is the devaluation of yuan in China , the demonetization in India, the hyperinflation in Venezuela and so on I would be very happy to buy if the price goes down to $700.

You might just have an opportunity over the next few weeks. Bitcoin is threatening to break below $800 now.
But the problem is we keep moving our goal posts ever so often. Once it reaches $700, we will wait for it reach $600 before deciding to buy.

Don't expect that low, it will just stay at $800 then will go back at $1000. If you will ask me, just buy now and enjoy later. In the end, it's just an speculation and nobody is right until we see it.

The Bitcoin price is more likely to remain above $ 800. However, in a more complicated scenario, and in a panic-driven market, it would be possible for the price to fall to lower values. I think the minimum would be $ 650, because this is, according to some experts, the price to produce a single Bitcoin. But I don't think miners and speculators in the market would get to that point

The market price has little to nothing to do with the cost of production

And still more so with regard to Bitcoin cost of production. First of all, there is not any definite cost to produce a single Bitcoin given that bitcoins are mined in very different countries involving different equipment. And then the Bitcoin system has been developed in such a way that this cost of production if it could be found would be irrelevant anyway. If Bitcoin price drops below 650 dollars per coin, and miners start massively leaving that will only cause the mining difficulty to decrease. Bitcoins that would otherwise be earned by the now gone miners will be shared between remaining miners, thereby allowing them to preserve their profit margins more or less intact even if the price plunges dramatically

[jaysabi]

Of course we are all waiting or will be really glad when bitcoin's price drops to 100$. If that would happen many people will panic buy and hoard it to sell it to higher price. But large whales would not let that happen. It is like trading where you always miss the right time to buy because you are having doubts to it. You will regret once you saw it is already in a high price and blaming yourself for not buying while its cheap.

I dont think i will be glad, if bitcoin drop that low its mean something wrong with bitcoin, nobody is spending bitcoin anymore, it can caused bitcoin to become no value anymore, i prefer bitcoin to stay in 700$ in a stable condition

When bitcoin fell from $1200 to $200 over the course of a few years, was there something wrong with it? It essentially was unchanged, the only thing that changed was everyone's perception of it. There was nothing "wrong" with bitcoin, it was just a case of the bubble popping. I'm not unconvinced that the current $950 price level isn't another bubble, so I wouldn't be surprised to see the price collapse again. (Hoping not, but wouldn't be surprised still if it did.) That wouldn't necessarily signal anything is wrong with bitcoin if the price crashed again, it would just indicate that everyone once again got carried away with their expectations for the currency and its value.

You cannot compare the events when bitcoin fell from $1200 to $200 because it was definitly a bubble and the liquidity during that time to hold the price from falling was really low and now things have changed and more people are using bitcoin and more people are investing in this and so the price to drop down like that is really impossible at the moment.

More people are using it to gamble by speculating on it, or using it as a medium to gamble to get around country controls, but that isn't using it as a currency. It dropped 20% in a day after it reached $1100 again, and anything that drops that far that fast suggests we were in bubble territory. And we probably still are. Large traders are just milking the bounces right now for all they can, but I would not be surprised if it continues a clunky decline over the next month. Disappointed, but it surprised.