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

[pvaspecialist]

Well this time very small chance to drop back down to $500/BTC.bitcoin is now pretty much stable and I don't think bitcoin will be drop from this position.I am pretty much positive this time I saw some people said bitcoin will cross $1000 next year, I think still have chance to increase price and cross $1000.so forget about drop back down.lets see what will happen future.

[1715286440]

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[1715286440]

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[SvenBomvolen]

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?

   We just speculating here, I wish everyone to take a look at this topic:
"We got hacked" coming!  https://bitcointalk.org/index.php?topic=1732340.0
   I see connection here, hacks are reason why price is dropping. In topic above you can find out that after first big rise MtGox was hacked, and after other spikes that bitcoin price had same thing happened. Interesting fact for me is how many bitcoins were stolen in every hack. Mt Gox lost 744,408 BTC,  119,756 BTC stolen from Bitfinex, big difference in amount of coins and in price in dollars. Looks like drop depends from amount of stolen bitcoins. Exchanges now doesnt have so many coins in wallets like MtGox had.
   To be short, if there is no hack maybe price can stay high. If exchange sites are better protected now, and if they have some kind insurance (bitfinex recovered fast after hack) maybe there will be no drop.

[the_coldplay]

Hate to burst the bubble but it looks like it wont reach the $1000 mark. It failed a few times on bitfinex and bitstamp and now it seems to be in a descending triangle and those always break low. Be very careful trading this monster.

[CoinCidental]

Hate to burst the bubble but it looks like it wont reach the $1000 mark. It failed a few times on bitfinex and bitstamp and now it seems to be in a descending triangle and those always break low. Be very careful trading this monster.

It traded on Yobit for $1080 this morning and over $1000 on all  the Chinese exchanges

The big problem is the banks are closed for a lot of people until the 4th of January,   several people wanted to buy from me but I ain't selling in this range and they will have to wait for the new year and buy from exchanges like everyone  else

I am not going near my cold storage coins to sell to people I have been telling for years to buy bitcoins and many of them didn't and want in now for the ride to 10k

[veleten]

it is expected for the price to go down during the Christmas and New Year holidays
poeple will need some cash and some will be selling,also the price peaked at the almost all time high
some were happy to sell at 970$ ish,hence the price stabilised at approximately 950$ with chinese exchanges volumes go down
I think we are looking at a lull untill 5-8th of January

[Taki]

it is expected for the price to go down during the Christmas and New Year holidays
poeple will need some cash and some will be selling,also the price peaked at the almost all time high
some were happy to sell at 970$ ish,hence the price stabilised at approximately 950$ with chinese exchanges volumes go down
I think we are looking at a lull untill 5-8th of January

If that would be the truth what are you talking, bitcoin will fall on Christmas and new year holidays, because of many people would cash out their bitcoins for presents and other staff. But I don't see it's happening. I see the price continue to grow. I see on the exchanger that I always use the price is 1030$.

[bigpattywhack]

it is expected for the price to go down during the Christmas and New Year holidays
poeple will need some cash and some will be selling,also the price peaked at the almost all time high
some were happy to sell at 970$ ish,hence the price stabilised at approximately 950$ with chinese exchanges volumes go down
I think we are looking at a lull untill 5-8th of January

But in reality it only went up. It will forever be known as the christmas pump.

[Killerpotleaf]

it will drop to 1337 and then 3200 

[bigpattywhack]

it will drop to 1337 and then 3200 

We all wish. But thats not happening. I think everyone knows now its coming down before it goes back up.

[jualidbitmixer]

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?

After $1.000, i predict the price of bitcoin will going down slow but sure, maybe down to $700-800 and will up again on Chinese New Year. Maybe it will stable around $700-800. In the next 2-5 days, you will see it.

[btcton]

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?

After $1.000, i predict the price of bitcoin will going down slow but sure, maybe down to $700-800 and will up again on Chinese New Year. Maybe it will stable around $700-800. In the next 2-5 days, you will see it.

I actually disagree with this view. When, and if, bitcoin hits $1,000, and if there is actually a drop, then it would probably happen relatively fast as the holiday season ends. The current value has been bubbling up, and there's a reason a pop is called a pop. It will go down quick and hopefully stabilize at or slightly above the previous stable mark which I do agree with.

[DanDan]

It could drop very far if what people suspect is true and that there will be a hack.

[n691309]

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?

The recent trending bitcoin price in the past month has been much stable and has been increased many times rapidly which makes me think that the price can drop at 10% within a day maximum.

[ayesha98220]

It could drop very far if what people suspect is true and that there will be a hack.

I don't really think the price of bitcoins would drop this time because see the price has steadily increase only this year and it has not gone below the price once reached. Its working like checkpoints now !

[RoommateAgreement]

It could drop very far if what people suspect is true and that there will be a hack.

I don't really think the price of bitcoins would drop this time because see the price has steadily increase only this year and it has not gone below the price once reached. Its working like checkpoints now !

i completely agree.
bitcoin price has been rising slowly and it is like taking slow steps. each time there is a rise immediately afterwards there is a stable price period where everything stays the same and after some dumps (shaking out weak hands) the resistances are tested and then the next step of the rise happens.

and if we see a similar thing with $1000 i am sure price will stay up there.

[Virgilios]

Once the bitcoin price hits 1,000$ it maybe drop at max 850$ and it will be in sideway for 1-2 months after that it will grow up again.
I expect the new top price hits at 1,260$ in September, 2017.

[jondeen707]

Once the bitcoin price hits 1,000$ it maybe drop at max 850$ and it will be in sideway for 1-2 months after that it will grow up again.
I expect the new top price hits at 1,260$ in September, 2017.

$1,200-1,400 would be a perfect target range for 2017.

[Natilam]

Once the bitcoin price hits 1,000$ it maybe drop at max 850$ and it will be in sideway for 1-2 months after that it will grow up again.
I expect the new top price hits at 1,260$ in September, 2017.

$1,200-1,400 would be a perfect target range for 2017.

It is good. But it is possible the price will be over $2000 if more people use it.

[lumeire]

Close to $400 - $500 I believe, way below that is bad for the miners already.

Once the bitcoin price hits 1,000$ it maybe drop at max 850$ and it will be in sideway for 1-2 months after that it will grow up again.
I expect the new top price hits at 1,260$ in September, 2017.

$1,200-1,400 would be a perfect target range for 2017.

Actually it's already good if the price maintains like that. Price jumps are due on the next halving season again.

[tequilamockingbird]

Well, it just happened... BTC is now $1000USD... up or down for the next week from here?