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

[chaser15]

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?

For me the minimum should be around $800 and the maximum dipping point is $700. As long as the price stays in that range, we can assured that we are going to meet soon some new bottom floor. But prior to that, who knows that maybe price can build a good support around $900 since traders will think that many will take part of another rounds of buys once there is a sudden dump @ reaching $1000 mark.

This is really getting exciting. Im waiting too for the drop. Hopefully drop will happen at above $1000 so that it can test how far that price range will sustain the support.

[xIIImaL]

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.

Yesterday it all most reached 900$, but end of the day it drop nearly 30$ and more bro. I think till January end I think this price pump will move up. I think people would utilize this situation and sell their bitcoins

[crairezx20]

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.

Yesterday it all most reached 900$, but end of the day it drop nearly 30$ and more bro. I think till January end I think this price pump will move up. I think people would utilize this situation and sell their bitcoins

I think until now bitcoin price is in good condition today price is $921 and there is possibility that the price could be hit $1k value soon.. but
i it is still strong possibility that price will happen after this year.. or this nearly vacation..

[jondeen707]

A drop is a possibility, but I don't think it will be a drastic one. I, for one, am not selling anything when it hits the $1k 

[the_coldplay]

No drop coming, btc is going it hit about 1300 usd before it drops and im thinking its going to settle between 800-900
can anyone quite this in case im right. thx.

[PeRo]

What makes you think that it will drop right after hitting 1000$, it can get up more, it is not impossible. But when it drops, it wont go lower than about 800$, it is the floor, mazbe even higher, who knows? It is not really pumping really fast (at least not super fast), so it wont drop drastcally.

[richardsNY]

What makes you think that it will drop right after hitting 1000$, it can get up more, it is not impossible. But when it drops, it wont go lower than about 800$, it is the floor, mazbe even higher, who knows? It is not really pumping really fast (at least not super fast), so it wont drop drastcally.

It's normal to see the price drop after reaching a new high or special target point. It's safe to say that reaching $1000 fits nicely in that category. If there aren't any more hacked exchanges, or worthless fud articles that people take for granted so easily, then the drop will be temporarily and not that intense. In that view, falling below the $800 point would be seen as the price being oversold. Everything above $900 seems fair.

[notme]

What makes you think that it will drop right after hitting 1000$, it can get up more, it is not impossible. But when it drops, it wont go lower than about 800$, it is the floor, mazbe even higher, who knows? It is not really pumping really fast (at least not super fast), so it wont drop drastcally.

It's normal to see the price drop after reaching a new high or special target point. It's safe to say that reaching $1000 fits nicely in that category. If there aren't any more hacked exchanges, or worthless fud articles that people take for granted so easily, then the drop will be temporarily and not that intense. In that view, falling below the $800 point would be seen as the price being oversold. Everything above $900 seems fair.

At what point in the history of bitcoin has it made a new ATH and then fallen back below it before going up further.  I can remember some short lived testing of support, but I don't recall it ever falling back below until after it cleared much higher levels.

[Dux2K]

What makes you think that it will drop right after hitting 1000$, it can get up more, it is not impossible. But when it drops, it wont go lower than about 800$, it is the floor, mazbe even higher, who knows? It is not really pumping really fast (at least not super fast), so it wont drop drastcally.

It's normal to see the price drop after reaching a new high or special target point. It's safe to say that reaching $1000 fits nicely in that category. If there aren't any more hacked exchanges, or worthless fud articles that people take for granted so easily, then the drop will be temporarily and not that intense. In that view, falling below the $800 point would be seen as the price being oversold. Everything above $900 seems fair.

This is far better then I expect  i must say 900 is good but like most want including  me the bigger price the better it is
I hope for bigger price in following few days maybe even 1000

[Yuuto]

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?

I personally think the opposite. I think that $1000 is a mental barrier for investors and once they see that barrier is broken they will accumulate like crazy. There is little chance that they will dump when they've seen what bitcoin can do, going from $400 to $1000 in a year.

We're not that far away, already $935~.

[boyshx]

i sold some BTC when it reached 800$ thinking on the mental barrier thing and well, it happened what it happened. I don't think i'm selling anything at 1000$ but maybe I will by the time we reach the ATH

[chesatochi]

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?

I personally think the opposite. I think that $1000 is a mental barrier for investors and once they see that barrier is broken they will accumulate like crazy. There is little chance that they will dump when they've seen what bitcoin can do, going from $400 to $1000 in a year.

We're not that far away, already $935~.

I think the price could reach the psychological barrier of 1000$, we are so near to reach it. The price can drop not below 800USD from my point because the price has been fairly stable since this summer.

The market will tell us the price in the future.

[bigpattywhack]

Its not going down op. Just up up and away. Get ready!

[Wind_FURY]

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?

I would welcome the "days of August of $500" again. Please let it happen, I would be very happy to pick up those coins and add them all to my cold wallet. Bitcoin has been proven time and time again that it has not reached its full potential value yet. The dark markets is a potential billion US Dollar market with Bitcoin in the middle of it all, supporting it. Where do you think Bitcoin's price be in 5 years time? It will be higher than it is now.

[pooya87]

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?

I would welcome the "days of August of $500" again. Please let it happen, I would be very happy to pick up those coins and add them all to my cold wallet. Bitcoin has been proven time and time again that it has not reached its full potential value yet. The dark markets is a potential billion US Dollar market with Bitcoin in the middle of it all, supporting it. Where do you think Bitcoin's price be in 5 years time? It will be higher than it is now.

there are many traders that will welcome a lot higher low prices (such as $800, $790 and $750) with all the money they have. so be sure your dream of $500 days will never come true since the buy support is pretty strong and growing stronger each day.

[Exoskeleton]

I bet it won't dip till just before $1,100 not $1,000. There are too many holders and wishful thinkers to let it fall at $1,000 sharp.

You'll see it dip to the low $900s once it gets close to $1,100 and then soon enough is back up over $1,000 forever. I'd say gradual bumps of $100 every 2 months with a little dip here or there before a rocket recovery back. $1,600 by the end of 2017 for sure. Hopefully more, possibly $2,000ish. Its gonna take time though, nothing overnight is gonna happen.

[Doms]

Unless a massive sell-off happens by the time the price reaches $1000, I don't think the price will still fall as low as $500. If ever it corrects, I think it will settle at the $700 or $800 level, but that is still a very high price considering how it has performed the last twelve months.

[the_coldplay]

Unless a massive sell-off happens by the time the price reaches $1000, I don't think the price will still fall as low as $500. If ever it corrects, I think it will settle at the $700 or $800 level, but that is still a very high price considering how it has performed the last twelve months.

We'll never see $500 again, that was 2016, 2017 is the start of the 4 digit btc.

[jubalix]

I think once past 1K it will really go up alot, then settle back 1K will be the new floor eventually, kinda like 1c, 1$, 10, 100$ are new floors for their day

[unknown04]

IMHO, I think these days bitcoin is quite stable, it's not like it used to be. I think at most will drop back to $800 range. And I think it's wise to buy the dip if it did drops.