Once we hit $1000, how far will BTC drop?

[tequilamockingbird]

With $1000 in the not too distant future and the ensuing sell off (I'm sure many consider this a psychological target to sell 20-50% of their bitcoins for profit, if only to re-invest after the drop).

The question is: after $1000, just how far do you think BTC will drop back? Could we see the days of $500 from August again, or are we stable above $800-900?

[Sled]

If the bitcoin will reach 1000$ price each then the drop the you are expecting might happen because we know that if there is a pump there is a dump. In my opinion, Bitcoin will drop down to 600$ then it will take a few weeks or even months then it will climb up again to 750$ to at least 870$ then it will become stable for that price. But that is only my prediction for the price.

[senyorito123]

With $1000 in the not too distant future and the ensuing sell off (I'm sure many consider this a psychological target to sell 20-50% of their bitcoins for profit, if only to re-invest after the drop).

The question is: after $1000, just how far do you think BTC will drop back? Could we see the days of $500 from August again, or are we stable above $800-900?

My prediction for this price pump. It will drop to $700, 'coz BTC now is in demand so that's why it won't drop to less than $700. And now based on observing the btc pump is predictable 'coz of the christmas holiday. Anyways just a newbie on trading, but has a year of experience. I won't contradict with the pro's here 'coz they have more experience than me. Anyways Happy Holidays

[xuan87]

it depends on the occasion, few days a go the bitcoin price is hitting the roof because there are so many transaction due to the Christmas events, at that point the price will not hold for a long time, it will go down soon, but if the price rise without any events, its mean that there are investor that made the transaction at that point maybe bitcoin could hold in the position, but I don't think it can drop back to 500$ because there are increasing amount of bitcoin user

[iqlimasyadiqa]

If the bitcoin will reach 1000$ price each then the drop the you are expecting might happen because we know that if there is a pump there is a dump. In my opinion, Bitcoin will drop down to 600$ then it will take a few weeks or even months then it will climb up again to 750$ to at least 870$ then it will become stable for that price. But that is only my prediction for the price.

we certainly can not predict exactly how bitcoin price dumping. because basically no one can control the price of bitcoin. changes in prices influenced by all users bitcoin.

[zero1ten]

With $1000 in the not too distant future and the ensuing sell off (I'm sure many consider this a psychological target to sell 20-50% of their bitcoins for profit, if only to re-invest after the drop).

The question is: after $1000, just how far do you think BTC will drop back? Could we see the days of $500 from August again, or are we stable above $800-900?

It might drop substantially but I don't think it will go down under $750, and I think you're correct that the price may stable around $800-900, given the bitcoin's fundamentals are getting firmer everyday and it's better overall for bitcoin if the volatility will be checked.

[veleten]

With $1000 in the not too distant future and the ensuing sell off (I'm sure many consider this a psychological target to sell 20-50% of their bitcoins for profit, if only to re-invest after the drop).

The question is: after $1000, just how far do you think BTC will drop back? Could we see the days of $500 from August again, or are we stable above $800-900?

who told you it will hit 1000$ ?
it seems likely but it will not happen overnight,Huobi and other chinese exchanges have been trying for many days
the price went from 780-790 to 890$ in a week or so
I hope we stabilise at 900 and have some growth in the next 2 or 3 weeks that follow
again I don't think 1000$ is going to happen before February

[Dmitry.Vastov]

Thats depends on the bitcoin holders if they are going to sell their holdings. But i think 30%-50% price of bitcoin will be decrease when the owners decided to sell their btc when it reached the $1000. $1000 is good price. Even me, its harder to hold bitcoin when the price reach that price. Maybe we will never see that price again.

[BTCLovingDude]

With $1000 in the not too distant future and the ensuing sell off (I'm sure many consider this a psychological target to sell 20-50% of their bitcoins for profit, if only to re-invest after the drop).

The question is: after $1000, just how far do you think BTC will drop back? Could we see the days of $500 from August again, or are we stable above $800-900?

don't even dream about days of cheap bitcoin prices of $500 don't even expect to see $700 ever again. those days are long gone and you have to accept the new much higher price which will never go down.

and you see what is happening right now with $900? price goes above it and goes back down. the same thing will happen with $1000
if there is enough support to go to $1000 then there will be enough to keep it up and then you see $1200 over night after that short period.

[Hixad52]

If Bitcoin reaches  at 1,000$ after then maybe it's down at 800$ before returning at 1,250$ about 3 months later.
That is my prediction.

[crairezx20]

If the price will touch in $1k value the price will down because many people will be satisfied with the price increase and i think it is just a normal if we are seeing the price was increase it is just a normal that the price will decrease again.. but it is a good sign that the price can be touch in 1k value.. and i think that it can be stay long in the future like the price right now.. we are staying long in 800 value and 900 again back..

[indika]

lets see as i see bitcoin will be drop to 650-700 because after it reaches 1000$ many peoples trying to sell it,but after that with ongoing demand btc will rise within 1 or 2 month and it will stabilize at 800$

[richardsNY]

If enough large players have set their targets on selling at the time the price reaches $1000, then I think the lowest (for the time being) the price will drop is to the $700 mark. In a better scenario which at the same time is more likely to happen, we might fall back to below $850 where we maintain the $800 level. But it's pure speculation. Only time will tell what will happen.

[BrewMaster]

your question is wrong.

what happens to the price does not depend on when but instead it depends on how meaning when price reaches $1000 anything can happen depending on HOW it got there.

for example if we reach $1000 this week price will crash back to $800 again but if we reach $1000 2-3 months later and more nothing is going to happen really, we will stay there on $1000

[molsewid]

i think it will drop from $1000 to $500 i think because im thinking this will be the reason for the bitcoin drop down price. we all know that many users will exchange their bitcoins to fiat because even we dont think about it thats the truth .. that fiat will always be the best because its the primary money use on transactions on our everyday life..

[Shiroslullaby]

for example if we reach $1000 this week price will crash back to $800 again but if we reach $1000 2-3 months later and more nothing is going to happen really, we will stay there on $1000

Yes it all depends on how fast we hit $1000.
The rise from $800 to $900 was fast and doesn't seem to have lost much from what its gained.
Unless the rise to $1000 happened overnight, I don't see the price dropping below the current levels.

[Potato Chips]

Yes if it hits $1K then it will surely drop at some point. It depends on what is happening around the bitcoin market.

Don't forget that bitcoins price is tied by the laws of supply and demand. For example when it hits $1K, A large

number of btc was sold,  It should drop around $800-700. Also read some article about manipulation of pumps and

dumps. 

[Ayers]

If Bitcoin reaches  at 1,000$ after then maybe it's down at 800$ before returning at 1,250$ about 3 months later.
That is my prediction.

$750 is more accurate, that is the last stable price before this rally went all the way up, so i guess it's should be more probable that it will return at that point, but i also think that we can set a new bottom if we go above $1000 this time, so maybe 1k will be the new bottom and the last ath will be reached again

[afbitcoins]

You all seem certain of this but is $1000 very special?

For example I don't think it will matter to chinese traders very much

[BitcoinBarrel]

What makes you think it will drop?