350 USD in August

[Angell]

Oh i see. But that line from around $700 -> $9000 seems weird, because its always up without any drop (even once). But who knows, maybe that would happens.

I think thats maybe 24 or 48 hours, look down on the line, thats very short time. Thats just one guys opinion, nice to discuss it. I think if that happens everyone will sell and it will drop probably. Who knows,

[salmanahmedone]

i think op is either joking or he is really upset and lost his faith in bitcoin just because the price didnot skyrocket after the halving event. i also think many more threads are going to come like this. just keep it going. lol.

Many people who were waiting for bitcoin price to skyrocket and they will gain short term profits are disappointing. I think maybe the price can go below 400$ as the halving hype is over.

[romero121]

Most users expectations have not come true by this halving, but eventually everyone were hoping for a gradual increase in price day by day without major rise. For this reason bitcoin won't go down to $350 anymore.

[Herbert2020]

i always say that anything is possible with bitcoin but some things are highly unlikely to happen and this topic is one of them. the dream of bitcoin cheaper than $500 is something that we can only see in our dreams at night and never in the reality.

[Oralmat]

i always say that anything is possible with bitcoin but some things are highly unlikely to happen and this topic is one of them. the dream of bitcoin cheaper than $500 is something that we can only see in our dreams at night and never in the reality.

$350 is not possible again now.  Th price may get a little bit down but it will never be at 350 again.
The Bitcoin is a lot more popular now and once a currency is popular it is very rare that its value decreases is a short time.

[clickerz]

i always say that anything is possible with bitcoin but some things are highly unlikely to happen and this topic is one of them. the dream of bitcoin cheaper than $500 is something that we can only see in our dreams at night and never in the reality.

Indeed, how come that the price will go down while the the reward in mining is halve. when its not profitable anymore, who will mine? Transaction will become slow or the only remedy is to increased the transaction fees. With this happening, bitcoin will become more expensive  IMHO.

But, anything will happen...let see.

[ObscureBean]

I guessing this is a joke, I bet op will be the one who cries the hardest if his prediction turns out to be correct   There is a chance that the price could drop if demand is not strong enough to counter the reduced rewards. It'll take at least a few weeks before we can be certain that the market/network has fully adapted to the new rewards.

[jaysabi]

I disagre. In this month and august bitcoin will stay arround 600-700 $ and then in september some guy predicted that the price will go more than 1000 $. He is a professional analysist. He also predicted the last bitcoin price of 740 $. I hope he is true, more money for all of us.

Agreed. Im also disagree if btc price would go down until $350, my predict the lowest btc price at that time around $500. but whos that guy? How can he be sure if btc price will go more than $1000?

He is doing professional technical analysis. Look here on the picture is his prediction, he is from the Dutch forum here.

He predicts that the price will go to 9000$. I don't think that it will go that high up but we will see.

Is anyone supposed to take this "chart" seriously? It looks like it was done in MS Paint with a bunch of lines drawn everywhere that have no relation to anything to support the ridiculous prediction.

[jaysabi]

i always say that anything is possible with bitcoin but some things are highly unlikely to happen and this topic is one of them. the dream of bitcoin cheaper than $500 is something that we can only see in our dreams at night and never in the reality.

$350 is not possible again now.  Th price may get a little bit down but it will never be at 350 again.
The Bitcoin is a lot more popular now and once a currency is popular it is very rare that its value decreases is a short time.

This is a ridiculous statement. $350 looked impossible before, when Bitcoin was much higher, and not only did $350 get met, Bitcoin dropped a lot lower than that too. Surely everyone caught up in he mania of Bitcoin when it was above $1200 thought it could never get so low again, and then it did, and very quickly. Statements like "it will never be 350 again" or "it's not possible" ignore the risk that it's not only possible, but likely for a speculative instrument that has such sharp volatility. In the last year and a half, Bitcoin was below 350 a lot longer than its been above it since then.

[20kevin20]

I guessing this is a joke, I bet op will be the one who cries the hardest if his prediction turns out to be correct   There is a chance that the price could drop if demand is not strong enough to counter the reduced rewards. It'll take at least a few weeks before we can be certain that the market/network has fully adapted to the new rewards.

That's right. Most BTC account holders were expecting a huge change in a minute after the halvening, which probably can't even be possible. We will see the consequences after at least a month.

[Pab]

350$ is very very low,it will kill miners,price is stable now,but crash on eu banks is real,and presidential election in USA is coming,Trump has chance to win,we will have crazy time on btc

[darkmagician]

All those who uses bitcoin will definitely like if the bitcoin price goes up. And i think they will not allow the price to go down below 500 again.

[Xester]

I totally disagree with you. The price will not drop the half in a month like you think . there are a lot of traders have buy orders ways before that price.

I totally agree with you sir, that price is impossible to happen. And as you have said nobody in the right mind to sell their bitcoins in that very low price. If we analyze the buy orders 350$ for one bitcoin is out of the picture. Hence the assumption that there will be a great price decrease is proven false and is not even a possibility.

[randy8777]

All those who uses bitcoin will definitely like if the bitcoin price goes up. And i think they will not allow the price to go down below 500 again.

if the price happens to fall below the $500 price level again, then it will be a real bummer. but i think for now below $500 prices will not happen unless bad news pops up about a major exchange that got hacked etc. but then again, it could also be a group performance by whales to dump the price down to much lower price levels in the form of a shake-out. bitcoin market is full of surprises.

[silentkiller]

I dont want to go back again on that price cause im loosing some strenght when i see bitcoin falling down.
thats the hardest part that will happen to bitcoin again.

[danherbias07]

It's coming

I think I just did a devil smile.  where the crap did you get this idea? Well, i think a lot of users here are ready whatever happens. And trust have been made so if ever it goes down they can take it. They can take a fall from altcoins then I know they can also with bitcoin if you are sure of what you say. Give some facts. Might consider reading some news abiut this. (If there is one)

[jaysabi]

350$ is very very low,it will kill miners,price is stable now,but crash on eu banks is real,and presidential election in USA is coming,Trump has chance to win,we will have crazy time on btc

It will take a bit of time for things to shake out with the new block rewards before we know what impact it will have on mining. In theory, the drop in rewards should make mining unprofitable for a large chunk of old miners, and should drive them out of the market. Difficulty will fall in response and a new equilibrium reached. In theory. it'll be interesting to see if this does indeed happen.

[Mvaporis1961]

I don't think that the price will get into that because it's very low and could cause for miner to temporary shutdown their mining hardwares.
If you ask me i have a opposite point of view in august because for me the price will be stable on $700 and after a few months it will reach $1k and keep going until it exceeds the last highest price of bitcoin which is $1.2k

[Farma]

I guessing this is a joke, I bet op will be the one who cries the hardest if his prediction turns out to be correct   There is a chance that the price could drop if demand is not strong enough to counter the reduced rewards. It'll take at least a few weeks before we can be certain that the market/network has fully adapted to the new rewards.

This will not happen, even that happens is probably the opposite. I am pretty sure bitcoin prices in August was not $ 350 but rose to $ 850. Well, I think you see the wrong message, I suggest to hold bitcoin that you have, and do not sell it because of this. I feel that when prices fell below $ 500 bitcoin I guess people think that it is an excellent opportunity to buy bitcoin before the end of the year

[martinacar]

350 seems to be far away from resistance and today's support. Worst case scenario, we see the price go back to 450 dollar.
Way above the 350 price.