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Author Topic: Will BTC ever reach 1000 again?  (Read 1703 times)
beastcoast
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January 12, 2017, 01:32:25 AM
 #1

Long time lurker, first time poster. I made a very silly mistake of buying coin at $1160. I use bank transfer which takes days to process, so there was nothing I could do when the collapse started just 2 hours after my purchase. I've also had a fair bit of coin that I bought at 800 months ago. When the price began to dip under 1000, I thought I could just sell the coin I bought for 800 to break even. But I held on expecting a recovery. And now we're at 780. There was a lot of hype on this board which certainly impelled me to buy. But I'm starting to think BTC is unrecoverable at this point. I don't see a rebound. I don't mind holding onto my coins for another 6 months, but if it's just going to drop to 600 and stay there for another 2 years then I might as well sell now. What do you guys think?
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January 12, 2017, 01:37:19 AM
 #2

I would recommend cutting your losses. Big money is on crypto 2.0. Bitcoin is outdated and not adapting to real world user demand and expectations.

It could be hyped and manipulated again but it gets harder and harder as the community becomes more aware of bitcoins fundamental flaws.

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January 12, 2017, 01:42:05 AM
 #3

nobody knows anything. you shouldn't listen to anyone else when it comes to bitcoin. one of the golden rules is be greedy when everyone else is fearful and vice versa. depends on how fearful you think everyone else is right now.

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January 12, 2017, 01:48:27 AM
 #4

It might be happen someday, but i don't see it for now. Because the price of bitcoin keep dropping since last week. I think it will increase again on Chinese New Year, but it's still unpredictable though. The bitcoins price can easily increase and decrease. That's what i hate about bitcoin, can easily manipulated if you have many coins.


 
 
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January 12, 2017, 01:49:48 AM
 #5

Rule #1 never listen to kwuckduck, he sold all his coins @10 Dollar and is the forum troll. About the price, it sucks at the moment. If you dont need the money now, I would hold.

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January 12, 2017, 01:58:56 AM
 #6

DO NOT sell under any circumstances because the moment people think it's going to crash and never recover they'll start selling which is exactly what the manipulators want if you'd ask me, just look at price charts to see how was the price rising 10 days prior to new year and take that as a trusted and reliable reference.

I'm asking from people please stop panic selling your precious bitcoins, you are losing something that some day is valued at $5000 soon.

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January 12, 2017, 02:26:46 AM
 #7

what ever you do, do not listen to people like Kwukduck who have never been right about anything, ever.
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January 12, 2017, 02:34:04 AM
 #8

You surely got a mistake at buying a coin at $1,160 but still you don't have to rush for profit or recover your losses. You can't do anything now but to be patient that's the only way to recover and make your mistakes to be corrected. I do believe that the price will land again to $1,000+ or even higher but as of now, just don't panic and hold it.

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January 12, 2017, 02:53:39 AM
 #9

Can't believe Kwukduck is actually giving advice, internet or not. Real life scum
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January 12, 2017, 03:15:05 AM
 #10

I think we break out downwards now until March/April, just hold your coins if you don't need the cash, perhaps alts will begin to have another run up in the mean time, and you can recover your losses there?
Be careful of bull and bear hype, Bitcoin is going through some serious short term directional changes, so all you should bet on now is maximum confusion, buy the dips and hold if you believe in the value of crypto currency.
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January 12, 2017, 03:45:28 AM
 #11

The surge has happened before, there is no reason it can't happen again. Just don't think that it is not going to recover again. The price always manages to break new highs each year. It just so happened that the price peaked too fast too soon, hence the drop we are seeing now is somewhat expected. Reminds me of when I sold when the price was just over $600 not knowing that we were going for a new high over $1100. You can hold and forget for a while, if you don't need the money yet and just wait till you have recovered your losses and you are already on the green side.

                                                                       
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January 12, 2017, 03:46:17 AM
 #12

bitcoin price can reach 1000 dollar
and over 1000 dollar but not few time
bitcoin price can reach 1500 dollar/bitcoin in end year

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January 12, 2017, 04:41:55 AM
 #13

yeah it will. and that is for sure.

for now the whales are spreading FUD and then dump bitcoin and price falls but it will reverse soon after they are done dumping and decide to buy back all they have dumped and price will go to $1500

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January 12, 2017, 05:08:45 AM
 #14

<snip>
Long time lurker, first time poster. I made a very silly mistake of buying coin at $1160. </snop>

The short answer? Yes, hodl. The long answer? Unless you spent the rent money to do so, just wait it out.

Woops, those answers are the same. It's not a silly mistake until you sell, and lose money. A good way to invest is buy a little bit regularly. Dollar cost averaging spreads your risk, and spreads the stress!

I don't know how old you are, but {what if} someday BTC is moonshot, and you have to tell your kids/grandkids "Yep, well, I sold my BTC way back then for only $XXXXXXXXX".

You made a non-mistake of buying coin at any price, for 2017.

Unwanted BTC? Dispose of them safely here:  1PrdnbsRrv5fvpg2LAGCroBMqJGgp3pDRW
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January 12, 2017, 05:27:40 AM
 #15

Long time lurker, first time poster. I made a very silly mistake of buying coin at $1160. I use bank transfer which takes days to process, so there was nothing I could do when the collapse started just 2 hours after my purchase. I've also had a fair bit of coin that I bought at 800 months ago. When the price began to dip under 1000, I thought I could just sell the coin I bought for 800 to break even. But I held on expecting a recovery. And now we're at 780. There was a lot of hype on this board which certainly impelled me to buy. But I'm starting to think BTC is unrecoverable at this point. I don't see a rebound. I don't mind holding onto my coins for another 6 months, but if it's just going to drop to 600 and stay there for another 2 years then I might as well sell now. What do you guys think?
It is your money so do whatever you want with your money, the problem was not with bitcoin but with your strategy, to buy in the top of a bubble is a mistake that is the moment to sell, when the price reached 1100 holders of bitcoin sold because they had bought at the 500 or the 600 mark.

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January 12, 2017, 05:28:14 AM
 #16

it will surely go to $1000 once again. that part is 100% sure. but when, it is never easy to say. and that is the hard part of it all.
i say $1000 is possible because everything points to it being possible. bitcoin has lots of potential, there are lots of people who have not yet adopted bitcoin and when mass adoption happens prices will go to crazy numbers that you can not even imagine today. and always keep in mind that there is a limited supply of bitcoin for the whole wide world.

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January 12, 2017, 05:41:38 AM
 #17

Long time lurker, first time poster. I made a very silly mistake of buying coin at $1160. I use bank transfer which takes days to process, so there was nothing I could do when the collapse started just 2 hours after my purchase. I've also had a fair bit of coin that I bought at 800 months ago. When the price began to dip under 1000, I thought I could just sell the coin I bought for 800 to break even. But I held on expecting a recovery. And now we're at 780. There was a lot of hype on this board which certainly impelled me to buy. But I'm starting to think BTC is unrecoverable at this point. I don't see a rebound. I don't mind holding onto my coins for another 6 months, but if it's just going to drop to 600 and stay there for another 2 years then I might as well sell now. What do you guys think?

I think bitcoin maybe decrease under 600$ in this month and  this is good chance to re-buy bitcoin again. it will reach at least 1,200$ ah the end of this year.  Some bad rumors are coming back from china so it 's down deeply. Just wait for low price and buy it .
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January 12, 2017, 06:56:05 AM
 #18

My suggestion is you need to either relax and only check the price of bitcoin once a year, or get out the investment because it makes you too nervous. I'm holding on to my coins because of fundamentals, but it may be a long time before we see another leg up.

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January 12, 2017, 07:00:34 AM
 #19

My suggestion is you need to either relax and only check the price of bitcoin once a year, or get out the investment because it makes you too nervous. I'm holding on to my coins because of fundamentals, but it may be a long time before we see another leg up.

Amen.

I buy regularly small amounts of bitcoin, whatever the price.  (ok, I admit having skipped when I saw it booming over $1000, because it was too obvious it would come down again, no point in buying it that high).  With those bitcoins, I buy stuff on the internet.  I never convert them back to fiat.  I don't see it as an "investment", but of course any value increase makes the stuff I buy on the internet cheaper.  I refuse to "trade".  I think that's killing crypto.
As I don't buy much stuff on the internet, I don't need much bitcoins.  The day I can buy that stuff with something like monero, I will convert most of my bitcoins to monero or whatever good anon coin is usable to buy stuff.  And the day that one can buy more stuff on the internet with bitcoin, I'll buy more bitcoin.  But for the moment, I don't see that happening.  Unfortunately.  So I can't do much with large amounts of bitcoin.


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January 12, 2017, 07:09:59 AM
 #20

I would recommend cutting your losses. Big money is on crypto 2.0. Bitcoin is outdated and not adapting to real world user demand and expectations.

It could be hyped and manipulated again but it gets harder and harder as the community becomes more aware of bitcoins fundamental flaws.

it's not being dumped because of the reason you are listing, it's just because chinese fear their government that might shut down soem exchange

so they are punic dumping right now, it will recover when this bad news will vanish as usual, what i hate is that you need a bad news to destroy the value of bitcoin, this is just play stupid....

this also mean that bitcoin has somehow a centralized market, when you see a whole country determinating its price like nothing

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