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

[coinplus]

What makes you think it will drop?

Obviously profit booking will take place as many investors would have been targeting $1000 price levels but I believe before it makes a pullback, I guess it will set a new ATH. Because, new investors will be rushing and definitely would be more than profit booking. So, after $1000 a jump will be possible before any pullback.

[Barbut]

If OP refers on what happened four years ago, then he doesn`t have valid arguments for his words except history. I`m a gambler and I know how many times we can see same situation like before, patterns are everywhere around us. I just think its not possible, circumstances now and then are completely different, and this time bitcoin can hold that 1000 $, now too many peoples around the world are involved in bitcoins, and bunch of companies that support bitcoin and blockchain.
I don`t think its a pump, but we will see very soon I think.

[romero121]

Nothing is assured with the increase and decrease of bitcoin price. Price increase took place in a short to a big value, which too goes down without providing any notification. This holds the market to be without crisis as well depending other country's.

[uki]

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?

Not sure if we touch $1k in this up leg, but once the correction starts, I think we should test $700 support. I agree that we could see 20% drop from where we are now, as a reasonable correction target. But we will know more for sure once the correction starts.

[lottery248]

IMO it will surely be stable after $850, if the price raised over 1k once. then the price could be up again.

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?

Not sure if we touch $1k in this up leg, but once the correction starts, I think we should test $700 support. I agree that we could see 20% drop from where we are now, as a reasonable correction target. But we will know more for sure once the correction starts.

let's see how the Chinese do to bitcoin on trading strategies, if this rise made mainly by China. i think $700 is less likely in the cards as the 700+ has been a while.

[toknormal]

Why not straight to $6000 ?

Seems reasonable based on all past major revaluations.

[novemberwoah]

This year is the increase in the price of bitcoin best in my opinion. Bitcoin is more developed than the previous year. I believe that if the price of bitcoin crashed it will not reach less than $ 500. If I may predict definitely at a price range of $ 580 and above. Because of fluctuations in bitcoin, bitcoin prices now stronger than ever, so that if the fall will not be too far away.

[pinacolada]

It is obvious that the OP is a troll. He only has one post and is purposely creating a false dichotomy which suggests the price must either drop at 1000 or stay between 800-1000.

[ArdiPrabowo]

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?

hi tequilamockingbird , bitcoin price can stable in range 800 - 1000 dollar is long time if without accidenet
in reseach bitcoiner use meta trader MT4 and added several indicator
in resistance price in level 1000 dollar
if can reach to 1000 dollar, bitcoin price can still up
in support price maximum rise to 800 dollar
if never big news, or accident exchanger hacker attack, bitcoin can't crash under 800 dollar

[naidray]

What makes you think it will drop?

Obviously profit booking will take place as many investors would have been targeting $1000 price levels but I believe before it makes a pullback, I guess it will set a new ATH. Because, new investors will be rushing and definitely would be more than profit booking. So, after $1000 a jump will be possible before any pullback.

Yes, I too think it is only possible when there are more number of new adopters than those who will be looking to book profits at $1000. I agree, there will be more media coverage when bitcoin testing four digit price levels, so new adopters will come and join the party. I guess most probably there will not be price drop once bitcoin hit $1000.

[tequilamockingbird]

It is obvious that the OP is a troll. He only has one post and is purposely creating a false dichotomy which suggests the price must either drop at 1000 or stay between 800-1000.

I assure you I am not a troll. In fact, I am "newbie" just like you pinacolada. Actually I'm someone who has been following bitcoin with great interest for around two years, but had been too foolish/hesitant to get involved until this rise. Now I feel like every value is "cheap" compared to the 10+ years future potential of bitcoin.

My only concern is if the people selling at $1000 (and there will be many) are enough to push BTC down below the value today (~$900). Or are there other factors which can hold the value up during this sell off?

Just for the record my gut tells me $1000 will lead to a drop down to $850, before a quick rise upto $1200, before settling around that level. $1200 might seem an over-valuation, but it seems we are entering a new phase of Bitcoin where government action (India, China etc) is leading people to seek bitcoin out through need rather than curiousity.

[pereira4]

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.

This is what will make a lot of people suicidal. They think we are going to see a mega drop after we reach 1000$ when it's not the case at all. We are going to get past 1000$. Sure there may be a correction because market psychology and 1000 being a very round number, but the correction will be way smaller than a lot of people think. They will lose their pants shorting and they will be out of the game as they aren't able to buy back, or they will buy back at a loss. The best thing to do is not sell a single satoshi, we can only go up in the long run.

[jakelyson]

If it drops 100$, i'll buy. And if drops another 100$, i'll buy again. As long as it is dropping, I will buy. So, the final figure does not actually matter, after all, after the drop it will push back up again.

[Karpeles]

will "drop" tillthe new ATH and beyond, then price will be stable at a lower level, but higher than $1000

[Hahnatise]

Nothing is assured with the increase and decrease of bitcoin price. Price increase took place in a short to a big value, which too goes down without providing any notification. This holds the market to be without crisis as well depending other country's.

If the bitcoin price rises to $1000 in March or April next year, there is only 1-10% drop.

[tequilamockingbird]

If the bitcoin price rises to $1000 in March or April next year, there is only 1-10% drop.

March? Looks very likely we'll be hitting that magic $1000 before the end of 2016...

[CyberKuro]

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

That's mean, so many fool people just trying to get small profit.
But, I don't think so, the increasing to $800 had been going through step by step and seems more stable.
Difference between $800-$900 that looks like in rush just one-two days and many people sell out their coins too.
If, we could reach $1000, maximal drop will be at $850 and keep increasing again, why you should sell it out if don't really need money?
Better to keep it as your main savings.

[Lionidas]

It is looking like it will reach that point very soon.
From what it was just last night it seemed to have rose $50 over night which I never have seen before happen in all my time in bitcoin post 2013.

[sanbashiyi]

i don;t think so , because now the market is not like 2013. people are more faith with bitcoin

[BingoDog]

Seems that we are rapidly approaching to 100$. And because of the past experience people are probably expecting big and rapid drop in price afterwards. But this doesn't necessary happen. Bitcoin is not more stable, more embeded then before. The dump will occurr sooner or later but it doesn't necessary have be a catastrophy.