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

[dihari]

As always the traders or investors have a habit to take profit in the end of year. And it's massive movements around the world.
It means yeah maybe the price is going down because of massive sell. But no one can predict how much is it.

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[Rooster101]

They said bitcoin price correction maybe fierce but short live and no one know exactly how far the price will drop. Price corrections are just temporary setback as the outlook is still bullish for bitcoin and will resume its upward climb beyond the level of $1000.

[talkbitcoin]

my prediction is that after $1000 there will be a drop and it is even possible to see some FUDsters start working hard again and we may see a drop back to $900 but the good news is that whenever this happens in any market there will be a much bigger rise. which means $1200 right after.

[1Referee]

my prediction is that after $1000 there will be a drop and it is even possible to see some FUDsters start working hard again and we may see a drop back to $900 but the good news is that whenever this happens in any market there will be a much bigger rise. which means $1200 right after.

People, or perhaps a group of whales (which I find to be more likely), hire hackers, create fake news sites, DDOS exchanges, etc, all to get a panic reaction. Most of the times they are not succeeding, but in some cases these planned attacks work and hit the market with massive sell-offs at result. It works because people are taking everything for granted directly without using common sense. As long as that doesn't change, these manipulators can just continue their thing to get the market to come down. People and traders should grow over it. At least, that's what I would expect after all these years.

[bajing]

What do you mean when you later bitcoin prices back touched $ 1,000 , that's we can not know because maybe the price will be able to survive or even be able to continue to rise because of bitcoin is currently very popular.

[Przemax]

Once we reach 1000 dolars the price will crazy swing. My bet would be very quickly reach 1100 and go down to 750 and stabilize near 900.

[LegendaryMiner]

As always the traders or investors have a habit to take profit in the end of year. And it's massive movements around the world.
It means yeah maybe the price is going down because of massive sell. But no one can predict how much is it.

In my opinion, there are good chances that the price will fall by the end of the year. But I don't think it will be a dump on a large scale... Even at Christmas, the drop in price was not very significant, and soon after the price remained strong and continued to rise. I think the same will happen at the end of the year, the demand is growing, and the network effect becomes better every day.

[rinhunter]

Because it just happened again after 2013-2014, I don't think too far. If we look 2013 which the highest price bitcoin at the time, which then drop to $400 in mid-2014. And the price drop again early 2015. It's crazy down to 400 and down again to 200.

IMO, because bitcoin in this time already had many users than before, I think for the price drop is not too far maybe around $700 or $800. Hopefully.

[MahaRamana]

The person who would sell when we hit 1000 USD is really stupid.

Why would anyone sell as we approach a past all time high ?

Bitcoin usually explodes higher when it comes close to past bubble tops.

Selling between now and at least 1500 USD would be stupid I think.

[BitHodler]

The person who would sell when we hit 1000 USD is really stupid.

Why would anyone sell as we approach a past all time high ?

Bitcoin usually explodes higher when it comes close to past bubble tops.

Selling between now and at least 1500 USD would be stupid I think.

It depends on how you look at it. If people have bought their coins around the $950 levels and start cashing out at the time the price reaches $1000, then it's not worth selling for.

But if you managed to buy your coins far below $500 you'll be in a very nice position right now. It's wise to cash out a certain part of your profits as there are no guarantees that it will go up more.

Another good thing about cashing out some profits right now is that it will allow you to buy back at the time the price is falling down again. It's smart people anticipating on common market effects. Definitely not stupid.

[sweeeter]

What makes you think it will drop?

Because what goes up will come down. For every action there is an opposite and equal reaction, see you around $700 fairly soon, an exchange will be hacked in 3.2.1

[notme]

What makes you think it will drop?

Because what goes up will come down. For every action there is an opposite and equal reaction, see you around $700 fairly soon, an exchange will be hacked in 3.2.1

The previous ATH was the only bitcoin bubble to fall below the previous ATH value before it started.  The opposite reaction here is money moving out of savings accounts, bonds, commodities, and stocks.  It doesn't take much.

[MahaRamana]

The person who would sell when we hit 1000 USD is really stupid.

Why would anyone sell as we approach a past all time high ?

Bitcoin usually explodes higher when it comes close to past bubble tops.

Selling between now and at least 1500 USD would be stupid I think.

It depends on how you look at it. If people have bought their coins around the $950 levels and start cashing out at the time the price reaches $1000, then it's not worth selling for.

But if you managed to buy your coins far below $500 you'll be in a very nice position right now. It's wise to cash out a certain part of your profits as there are no guarantees that it will go up more.

Another good thing about cashing out some profits right now is that it will allow you to buy back at the time the price is falling down again. It's smart people anticipating on common market effects. Definitely not stupid.

Again depends on how you look at it. Even if you bought coins at 200 USD, it makes sense to cash out right now only if your BTC holding represents a large part of your total net worth. This is because the upside potential outweighs the downside potential by a large margin. If you hold a 1000 USD BTC, you can loose a maximum of 1000 USD, but you can make 4000 USD or more fairly quickly by keeping the coin. So if BTC is a small part of your net worth, cashing in on the gains right now is not a wise decision. Obviously if you have a significant portion of your net worth in BTC, you can sell some of your BTC holdings now.

[sweeeter]

What makes you think it will drop?

Because what goes up will come down. For every action there is an opposite and equal reaction, see you around $700 fairly soon, an exchange will be hacked in 3.2.1

The previous ATH was the only bitcoin bubble to fall below the previous ATH value before it started.  The opposite reaction here is money moving out of savings accounts, bonds, commodities, and stocks.  It doesn't take much.

It sounds like you have some sound knowledge of the monies running from x y and z, have you got any proof of that or is that your theory. The market manipulation could not be any more obvious and once they have sold enough you will hear of a massive hack and down down we go, right on schedule.

[panju1]

my prediction is that after $1000 there will be a drop and it is even possible to see some FUDsters start working hard again and we may see a drop back to $900 but the good news is that whenever this happens in any market there will be a much bigger rise. which means $1200 right after.

$1200 is a given. With the strength of the current rally, the bulls will be disappointed if an ATH is not reached, in terms of price. We already are an ATH in terms of market cap.

[alyssa85]

Because it just happened again after 2013-2014, I don't think too far. If we look 2013 which the highest price bitcoin at the time, which then drop to $400 in mid-2014. And the price drop again early 2015. It's crazy down to 400 and down again to 200.

IMO, because bitcoin in this time already had many users than before, I think for the price drop is not too far maybe around $700 or $800. Hopefully.

In Dec 2013 it rose really fast - from $250 to over $1000 in just a month.

And then a few months later we had the Mt Gox fiasco, and that was what forced the price down to $400.

The price has gone up pretty fast this month, but nowhere near as fast as in 2013. It was about $750 at the start of December.

There might be some sell-offs by people who bought at the previous top, who cash in because they got burnt and want out.

But the news coming from China and India and other places suggest that the amount of people looking to protect their money is much higher than in 2013, and these newcomers will support the price.

[Bitcoinsummoner]

I hope that it can be happen before this new year.. according the price from preev the price for now is $947 and it is nearly to become $1k value and we do not know if the price of bitcoin will be increase more or after this year we will see a large drop from the present price.. but i feel that the price will drop but it will be just a normal the same price from november..

[Hazir]

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?

With this mentality of not believing that bitcoin can reach higher plateau of price range and remain there what chances do we have of ever reaching ATH far beyond $1000?
Bitcoin is not FIAT, with inflation and centrally steered value, BTC is designed to be deflationary. Why people can't understand this?

[mobnepal]

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?

There is no reason for price to go again to $500 level, we may see some dump/correction to $900 level or $950 but i don't think it will now go under $900 if it will be able to cross huge resistance at $1000.

[carlisle1]

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 will depend on how many people and how much of their bitcoin that they will sell after the price have reached $1000 or higher . We can never prevent it to happen as we all know most people wants to get profit and I am going to include myself . I can't predict how much price that the bitcoin will drop but I'm hoping that it will be only around $800 .