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

[angaper]

Unfortunately the price of bitcoin still depends a lot on the greedy decisions of speculators, therefore it would not be difficult to see a decline towards $800 again. I do not think the fall can be stronger because the the price increase had remained stable and consistent to that level. But from that price the current level is pure speculation.

[ArdiPrabowo]

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.

after bitcoin price reach to 1000 dolllar
bitcoin price can down and corection , imposible is comoditie price is same bitcoin always incraese
without corection and down

[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?

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?

Perhaps I should have said the short term drop after hitting $1000, because I am also a firm believer that the value will go to the moon over the next few months and especially over the next 25 years as the bitcoin is mined BTC BTC BTC

[mrcash02]

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.

after bitcoin price reach to 1000 dolllar
bitcoin price can down and corection , imposible is comoditie price is same bitcoin always incraese
without corection and down

I think similar to you. The price can reach to $1100 and down to $750 next. But I think it stabilize a bit lower than $900, maybe $800. Anyway, it's a big achievement to see it reaching so close to $1000 before the new year. We are going to beat $1000, the big whales made their choice, they want to complete the achievement before 2017. Big money bet on it...

[olubams]

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.

The rise is always what we wanted but forgetting the law of gravity but in the case of Bit coin, although we should be expecting a drop but I am certain of no sharp drop in the sense that people are getting more involved in Bitcoin which means a lot of people that have sold during the holidays will actually want to get more which might aid keeping the price at not too far below the $1000 mark...

[Yuuto]

Unfortunately the price of bitcoin still depends a lot on the greedy decisions of speculators, therefore it would not be difficult to see a decline towards $800 again. I do not think the fall can be stronger because the the price increase had remained stable and consistent to that level. But from that price the current level is pure speculation.

The speculators are the people who move the price in any currency, and any cryptocurrency. It's not just bitcoin. However yes, speculators can have a larger effect on bitcoin because the market cap is way smaller than foreign exchange markets, and it is quite easy to move the markets even with just 10-20k.

I'd say that $1000 would be a fair resting place though, I personally do not believe there will be a crash anytime soon.

[mixan]

I can see it dropping like a rock once it hits that mark.
It is a psychological wall that happens when something gets to that much in value people start to panic and do disturbing things like sell it off then that affects the price of bitcoin significantly, but in a negative way.

[Tanic]

As I see on YoBit now the price for bitcoin is 978$ Oh my God! So high! Will it be true that bitcoin will hit the point of 1000$ by the New Year already?!
Do everybody wish it to happen?

[alyssa85]

I can see it dropping like a rock once it hits that mark.
It is a psychological wall that happens when something gets to that much in value people start to panic and do disturbing things like sell it off then that affects the price of bitcoin significantly, but in a negative way.

Some people will take profits when it hits that point. Others who bought at near $1000 in 2013 will cash out. So there might be a pullback. But for people in China, which has undergone six devaluations this year, or India where cash is under attack, it will still be worth buying.

So there might be a pullback, a breather, and then another push up to $1200.

[bigpattywhack]

Im calling it. $1000 usd on bitstamp in the next 120 minutes!

[HyphyBTC]

After $1000 I think it will correct to $3100

[warwar]

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?

As it reach to $1000 by new year i think it will drop back to $900 or below and it is stable on that price . We should be glad to see bitcoin price reach at 1k and we dont know if we could see it again sooner or later. But it is just speculations we dont know the exact price of drop but im sure it will drop soon.

[CoinCidental]

Im calling it. $1000 usd on bitstamp in the next 120 minutes!

I think you maybe right but only on the way to 2500ish

[bigpattywhack]

Im calling it. $1000 usd on bitstamp in the next 120 minutes!

I think you maybe right but only on the way to 2500ish

$2500ish here we come!

[unknown04]

Im calling it. $1000 usd on bitstamp in the next 120 minutes!

I think you maybe right but only on the way to 2500ish

$2500ish here we come!

How do u know we going $2500ish ?

[bigpattywhack]

Im calling it. $1000 usd on bitstamp in the next 120 minutes!

I think you maybe right but only on the way to 2500ish

$2500ish here we come!

How do u know we going $2500ish ?

I know because CoinCidental said so.

[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.

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.

That is true. The more Bitcoin rises higher and higher the less it is likely to go back to $500. I believe all of us would agree that it may never go back to the days of a $100 per Bitcoin unless something really horrendous happens to the network like Satoshi suddenly dumps all his coins in the market. Or maybe even some movement of his funds from wallet to wallet could affect the price in a bad way.

[veleten]

looks like I was wrong and we are heading to the 1000$ mark pretty fast
also Huobi has already breached the 1000$ mark today,even if briefly
with the megaupload 2.0 launch early January we could see even more spikes

[BitcoinHodler]

things have always been unpredictable in bitcoin. and whenever there is a rise things become harder to predict also.

my speculation is that the $1000-$1200 range is going to be a tough range for us and only because of the mentality of people about this price, it has been over a year that i keep hearing people say they want to sell when $1000 is reached. and many of them will actually do it too.

[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?

As it reach to $1000 by new year i think it will drop back to $900 or below and it is stable on that price . We should be glad to see bitcoin price reach at 1k and we dont know if we could see it again sooner or later. But it is just speculations we dont know the exact price of drop but im sure it will drop soon.

well I am also hoping that the price will just fall back to $900 even $800 could be good in my view . as of now the price seemed to be very active that it could hit $1000 as soon as possible and it would be great as I'm going to see it become $1000 price value for the first time . all of us didn't know what will be the exact price of bitcoin after it drops back so let's just see what will happen in the next couple of months .