Will Bitcoin Price Actually Drop? When?

[Sweeet]

Do you think that the Bitcoin price will really drop this time? I think there are many businesses and people who will not sell all their bitcoin as the price goes up, and will continue to buy bitcoin regardless of the price. Personally I will not be planning on selling my bitcoins accordingly to a price drop, and will continue to buy bitcoin. I think that bitcoin is a lot more stable than it was in 2013-2014 when the first big drop happened. Previously the price was extremely rocky, and now the price seems much more stable. What do you think will happen?

For this particular situation what factors take part in the price falling or rising?

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[Leonard2016]

all those people (services, businesses and holders,...) are actually selling their coins. you can see that on exchanges and that is a fact nobody can deny.

but the only thing that can determine the price is how many are buying and how many are selling. classic supply and demand.
right now there are more people buying than selling and this will only go up in the future because more people who are new are coming in.

aka more demand higher price eventually moon!

[Josepino]

all those people (services, businesses and holders,...) are actually selling their coins. you can see that on exchanges and that is a fact nobody can deny.

but the only thing that can determine the price is how many are buying and how many are selling. classic supply and demand.
right now there are more people buying than selling and this will only go up in the future because more people who are new are coming in.

aka more demand higher price eventually moon!

I fully agree with you . many people are buying bitcoins for holding long term but just only some people are selling.
according to the supply and demand rule, the price will keep rising highly now.

[JimboToronto]

...2013-2014 when the first big drop happened...

Do you mean the fall from $1200? That was hardly the first big drop.

The crash from $33 to $2 back in 2011 was bigger. The crash from $266 to $50 was a pretty big drop too.

Even the short-lived crash from $0.10 to $0.01 in 2010 was bigger.

There will be more bubbles and more crashes but as long as they keep getting exponentially larger, everything will be fine for long-term holders.

Bitcoin still has a long way to go before it hits the "vertical" stage of the adoption s-curve.

[Sweeet]

...2013-2014 when the first big drop happened...

Do you mean the fall from $1200? That was hardly the first big drop.

The crash from $33 to $2 back in 2011 was bigger. The crash from $266 to $50 was a pretty big drop too.

Even the short-lived crash from $0.10 to $0.01 in 2010 was bigger.

There will be more bubbles and more crashes but as long as they keep getting exponentially larger, everything will be fine for long-term holders.

Bitcoin still has a long way to go before it hits the "vertical" stage of the adoption s-curve.

Well... the first notable drop, I am just trying to relate to the current situation, last time the price was over 1000$ it dropped, tremendously.

[Diced90]

The way I see it... the early adopters of btc might want to recover and are the likely people to be selling off their btc while I see fewer buying bitcoins leading to a more supply of btc and less demand of btc causing the price to drop.

[Sundark]

...2013-2014 when the first big drop happened...

Do you mean the fall from $1200? That was hardly the first big drop.

The crash from $33 to $2 back in 2011 was bigger. The crash from $266 to $50 was a pretty big drop too.

Even the short-lived crash from $0.10 to $0.01 in 2010 was bigger.

There will be more bubbles and more crashes but as long as they keep getting exponentially larger, everything will be fine for long-term holders.

Bitcoin still has a long way to go before it hits the "vertical" stage of the adoption s-curve.

Well... the first notable drop, I am just trying to relate to the current situation, last time the price was over 1000$ it dropped, tremendously.

Well, last time when price was that high it was manipulated by bots, Chinese traders and Mt.Gox which was basically the biggest BTC exchange at that time.
We don't have exactly the same situation now. Price rise is more organic and real. At some point we will see drop, but it won't be massive 50% price reduction more like slight decline to $900.

[Sweeet]

...2013-2014 when the first big drop happened...

Do you mean the fall from $1200? That was hardly the first big drop.

The crash from $33 to $2 back in 2011 was bigger. The crash from $266 to $50 was a pretty big drop too.

Even the short-lived crash from $0.10 to $0.01 in 2010 was bigger.

There will be more bubbles and more crashes but as long as they keep getting exponentially larger, everything will be fine for long-term holders.

Bitcoin still has a long way to go before it hits the "vertical" stage of the adoption s-curve.

Well... the first notable drop, I am just trying to relate to the current situation, last time the price was over 1000$ it dropped, tremendously.

Well, last time when price was that high it was manipulated by bots, Chinese traders and Mt.Gox which was basically the biggest BTC exchange at that time.
We don't have exactly the same situation now. Price rise is more organic and real. At some point we will see drop, but it won't be massive 50% price reduction more like slight decline to $900.

Yes, I agree, as I said in my original post I was trying to explain how the situation now is different from this drop and is more stable.

[njcarlos]

Yes, I agree, as I said in my original post I was trying to explain how the situation now is different from this drop and is more stable.

I think the 600-800 range is stable. Beyond that there's high volatility and risk of being wiped out imo.

[serjent05]

...2013-2014 when the first big drop happened...

Do you mean the fall from $1200? That was hardly the first big drop.

The crash from $33 to $2 back in 2011 was bigger. The crash from $266 to $50 was a pretty big drop too.

Even the short-lived crash from $0.10 to $0.01 in 2010 was bigger.

There will be more bubbles and more crashes but as long as they keep getting exponentially larger, everything will be fine for long-term holders.

Bitcoin still has a long way to go before it hits the "vertical" stage of the adoption s-curve.

Well said.  Bubbles and crashes are normal things in trading.  So I think when the demand are exhausted we can see some decline in price.  But as what the other member said, there is still more people who are eager to buy  BTC at the current time.  So we can expect either a stay or a bit more increase in price.

all those people (services, businesses and holders,...) are actually selling their coins. you can see that on exchanges and that is a fact nobody can deny.

but the only thing that can determine the price is how many are buying and how many are selling. classic supply and demand.
right now there are more people buying than selling and this will only go up in the future because more people who are new are coming in.

aka more demand higher price eventually moon!

This   ↑↑↑↑

[Sweeet]

Now that the price is over 1000$ when do you think that the price will drop, 24 hours, a week, months?

[tiggytomb]

It will drop as it always does but I think / hope that it drops too $900 or $800 at the lowest, I think this time around we see a much more stable and slightly more experienced coin.

[Yakamoto]

We're seeing users individually selling some of their holdings off right now, and it seems to be pretty consistent when it comes to holding at around $1.01k right now.

If anything each night (for me anyways) the market corrects from the last night's rise.

I think we're just waiting for someone to dump a lot of Bitcoin at once, and then it can go down a lot. If it never hits that point, though, then we might have very minor movements, which may or may not be amplified over time.

[Skarner21]

It is always good to save 10% of the salary into bitcoin what ever the price is..
Because the price right now will increase more.. and it is a normal that we are seeing price drop and it will increase again.. just be affraid if there is a new trading site will hack better to sell before the price of bitcoin will crash so that you can buy cheap bitcoin if the price was crash..
For now it is hard honestly to predict when crash will happen but it is always better to buy bitcoins.. and sell if you already made a profit.. 15% sell or 10% every time the price is increase and sell the rest if the price will increase more if not if the price was drop well buy more bitcoins  and hold..

[richardsNY]

It will drop as it always does but I think / hope that it drops too $900 or $800 at the lowest, I think this time around we see a much more stable and slightly more experienced coin.

If no major hacks or other similar things happen as has been the case in recent years, then I don't see any reasons for the price to drop below the $800 level. But I too believe in a correction to happen any time soon. We can't keep up supporting these levels as the pressure is building up with the day. It just takes a few large traders to cash out to trigger others to follow them with dumping. Better have some fiat ready to buy back in case you secured profits.

[kwukduck]

It will drop as it always does but I think / hope that it drops too $900 or $800 at the lowest, I think this time around we see a much more stable and slightly more experienced coin.

If no major hacks or other similar things happen as has been the case in recent years, then I don't see any reasons for the price to drop below the $800 level. But I too believe in a correction to happen any time soon. We can't keep up supporting these levels as the pressure is building up with the day. It just takes a few large traders to cash out to trigger others to follow them with dumping. Better have some fiat ready to buy back in case you secured profits.

You see nobreason for it to drop? Are you delusional?
The protocol is fundamentally flawed.
There is barely any support until around $500.
The exchanges have likely been hacked or more likely been infiltrated to make this possible.
We are set up perfectly to drop down hard. $500 here we come.
And with all the fear happening then we will probably fall even lower go back to the 200-300 range again as we've seen before after we all got played by the manipulators and hypers.

[PseudoCode]

You see nobreason for it to drop? Are you delusional?
The protocol is fundamentally flawed.
There is barely any support until around $500.
The exchanges have likely been hacked or more likely been infiltrated to make this possible.
We are set up perfectly to drop down hard. $500 here we come.
And with all the fear happening then we will probably fall even lower go back to the 200-300 range again as we've seen before after we all got played by the manipulators and hypers.

Hahaha..  sounding a bit desperate there Kwucky..    
Delusional ?  Pot, meet Kettle..  Hows those "get rich shorts" going for you ?  
Hit your "$180 any day now" that you claimed 6 months ago yet ?

"Protocol is fundamentally flawed" - Entertaining coming from someone who was asking for coders to help him make his own "BetterCoin" a little while ago..
You clearly are very *not qualified to judge a protocol that has survived the worst the internet can throw at it for years..
I think you have "protocol" and "proctology" confused, which is understandable for a person with his head in your position.

"Hacked and Infiltrated exchanges, Fear, manipulators, hypers, perfect setup for a hard drop."
Did someone pull your string again ?

[unknown04]

It will drop as it always does but I think / hope that it drops too $900 or $800 at the lowest, I think this time around we see a much more stable and slightly more experienced coin.

If no major hacks or other similar things happen as has been the case in recent years, then I don't see any reasons for the price to drop below the $800 level. But I too believe in a correction to happen any time soon. We can't keep up supporting these levels as the pressure is building up with the day. It just takes a few large traders to cash out to trigger others to follow them with dumping. Better have some fiat ready to buy back in case you secured profits.

You see nobreason for it to drop? Are you delusional?
The protocol is fundamentally flawed.
There is barely any support until around $500.
The exchanges have likely been hacked or more likely been infiltrated to make this possible.
We are set up perfectly to drop down hard. $500 here we come.
And with all the fear happening then we will probably fall even lower go back to the 200-300 range again as we've seen before after we all got played by the manipulators and hypers.

I bet ure those fat fuckers sitting at home basement get jealous of everything on the internet in front of your PC.... why do u even have a bitcoin address on your signature. maybe you can quit coming to this forum since u believe bitcoin is flawed and not going anywhere. You sound very stupid on every post u made.

[quake313]

It will drop as it always does but I think / hope that it drops too $900 or $800 at the lowest, I think this time around we see a much more stable and slightly more experienced coin.

If no major hacks or other similar things happen as has been the case in recent years, then I don't see any reasons for the price to drop below the $800 level. But I too believe in a correction to happen any time soon. We can't keep up supporting these levels as the pressure is building up with the day. It just takes a few large traders to cash out to trigger others to follow them with dumping. Better have some fiat ready to buy back in case you secured profits.

You see nobreason for it to drop? Are you delusional?
The protocol is fundamentally flawed.
There is barely any support until around $500.
The exchanges have likely been hacked or more likely been infiltrated to make this possible.
We are set up perfectly to drop down hard. $500 here we come.
And with all the fear happening then we will probably fall even lower go back to the 200-300 range again as we've seen before after we all got played by the manipulators and hypers.

All you do is QUACK and FUD about Bitcoin going to $0 even though it has gone $1000+. At least you could wait until a dip happens to post more trolling.

Stay classy kwukduck!

[BitcoinBarrel]

MOON here we come!