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Author Topic: Will bitcoin ever drop to $1200-$1500  (Read 2951 times)
Shawns
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May 11, 2017, 08:40:42 PM
 #1

I was planning to sell my coins for $2000,- /btc and then hoping that it would drop to around $1500,-.

Is this realistic or is bitcoin not going to drop soon? If it's not going to drop, should I buy more? I dont really need my money now & can afford to buy more.

btw. Im a beginner Smiley

Thank you!
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May 11, 2017, 08:45:13 PM
 #2

my opinion is that BTC will retraced between 1200 to 1500 before shooting up to 2000. remember it got to 1200 then retraced to 900 before recovering back to 1200 and then shoot up to 1500 and then shoot to 1800. However i will suggest instead of investing in btc now you find good ICO and invest. i will suggest BAT upcoming ICO or MobileGO which is currently running.

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May 11, 2017, 08:46:42 PM
 #3

my opinion is that BTC will retraced between 1200 to 1500 before shooting up to 2000. remember it got to 1200 then retraced to 900 before recovering back to 1200 and then shoot up to 1500 and then shoot to 1800. However i will suggest instead of investing in btc now you find good ICO and invest. i will suggest BAT upcoming ICO or MobileGO which is currently running.

Alright, so selling my coins between $1950-$2050 would be a good idea?
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May 11, 2017, 08:49:53 PM
 #4

you're asking an anonymous stranger to make financial decisions for you?

no one knows what's gonna happen. don't listen to anyone else. make up your own mind.

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Shawns
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May 11, 2017, 08:58:58 PM
 #5

you're asking an anonymous stranger to make financial decisions for you?

no one knows what's gonna happen. don't listen to anyone else. make up your own mind.

Thats true! but Im just asking for some advice, I will have sell my coins at $2000. but dont know if there's going to be a drop to bulkload again
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May 11, 2017, 09:04:37 PM
 #6

I imagine there is a pretty high chance we'll fall back to the $1200 - $1500 range yes. Bitcoin has never just gone up & up & up & up without significant retraces before another bull run.

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May 11, 2017, 09:15:45 PM
 #7

I imagine there is a pretty high chance we'll fall back to the $1200 - $1500 range yes. Bitcoin has never just gone up & up & up & up without significant retraces before another bull run.
Yes I thought so too
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May 11, 2017, 09:26:53 PM
 #8

Is this realistic ?

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May 11, 2017, 09:54:32 PM
 #9

1200 - 1500 USD is very likely. This rise is unsustainable, we are days away from a big dump I think. Take the opportunity to load up if/when it happens.

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May 11, 2017, 09:55:11 PM
 #10

I was planning to sell my coins for $2000,- /btc and then hoping that it would drop to around $1500,-.
if you have a huge chuck of bitcoin definitely we are going to see a shift in price but -$500 thats a big margin drop from the planned $2000 mark

Quote
Is this realistic or is bitcoin not going to drop soon? If it's not going to drop, should I buy more? I dont really need my money now & can afford to buy more.
btw. Im a beginner Smiley

Thank you!
if you are not in hurry that makes bitcoin the perfect investment for you as you get to learn the lingo commonly used here and enjoy a
relaxed state of mind free from speculation panic sells.
My advice do not dump hold and buy more

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May 11, 2017, 10:00:41 PM
 #11

I was planning to sell my coins for $2000,- /btc and then hoping that it would drop to around $1500,-.

Is this realistic or is bitcoin not going to drop soon? If it's not going to drop, should I buy more? I dont really need my money now & can afford to buy more.

btw. Im a beginner Smiley

Thank you!

If you are planning to sell it then sell it. What if someone told you something and it didn't happen? You will blame him? Make your own technical analysis about what it's going on.

If it's realistic for bitcoin to drop at the range $1200-$1500, yes it's realistic. But the question is, when? how?

And you said you can afford to buy more then go just keep on buying. All you can read here is speculations and not accurate.

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May 11, 2017, 10:08:21 PM
 #12

1200 - 1500 USD is very likely. This rise is unsustainable, we are days away from a big dump I think. Take the opportunity to load up if/when it happens.

I also think that this rise can`t last for long and eventually we will see a price going down. I`m reading comments and many people are surprised with this new records that bitcoin price is making, my prediction is based a bit on history and a bit on current situation, current news about Japan is driving price up and in one moment that will stop and price will drop and settle around 1500 $, more on less. and this is short time prediction for next month or two, what will happen until the end of the year is almost impossible to predict.

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May 11, 2017, 10:15:12 PM
 #13

1200 - 1500 USD is very likely. This rise is unsustainable, we are days away from a big dump I think. Take the opportunity to load up if/when it happens.
How many Bitcoins do you think is out there? unless people intentionally buying high and selling low there is no evidence that suggests we hitting that low.

If everyone buys and hodls who will dump then? who is stupid enough to sell for a lower price? let miners sell their 2KBTC every day as they mine them

That wont cause the price to drop. if you have a magical wand to produce Bitcoin besides what miners are producing there is no way whales have much more coins to dump and cause the decrease.

Have you checked the 24 hours volume? people are no longer selling 180KBTC rather 80K only they are holding back and there is actually a real demand for it paying top dollars.

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May 11, 2017, 10:21:47 PM
 #14

It's always pure happiness and full confidence when the price is increasing, but don't forget that something that goes up fast easily, may also come down fast easily.

Call me conservative, but I don't rule out the $1200 mark at this point. I have seen the price do crazy things more than once, so don't take anything for granted.

In most cases common sense will help you to look at this whole situation with a clear mind. Let me put it like this, if you have made decent profits already, then cash out a good portion.

$2000 is slightly over 10% away from current prices, so think everything through properly. Is this 10% really worth waiting for? I personally find not. If you can cash out, then do so.

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May 11, 2017, 10:25:39 PM
 #15

Of course it will drop again.

I would consider $1250 as a near certainty at some point in the next six months, even if this rally reaches all the way to $3000.

And as the poster above me mentioned, sell a portion. Sell even just 20% of what you plan on selling at $2000, then list another 50% of what you planned at $1998, then list some more at $2100, 2200, etc.

Never go all in, or all out.
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May 11, 2017, 10:26:30 PM
 #16

I was planning to sell my coins for $2000,- /btc and then hoping that it would drop to around $1500,-.
Is this realistic or is bitcoin not going to drop soon? If it's not going to drop, should I buy more? I dont really need my money now & can afford to buy more.

Same question was asked before by a guy : should I sell at $1200 then buy when the price will drop to $800 or wait?
The answer selling now = fail and holding or buying = good step
At the end who knows  Roll Eyes
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May 11, 2017, 10:31:04 PM
 #17

1200 - 1500 USD is very likely. This rise is unsustainable, we are days away from a big dump I think. Take the opportunity to load up if/when it happens.
How many Bitcoins do you think is out there? unless people intentionally buying high and selling low there is no evidence that suggests we hitting that low.

If everyone buys and hodls who will dump then? who is stupid enough to sell for a lower price? let miners sell their 2KBTC every day as they mine them

That wont cause the price to drop. if you have a magical wand to produce Bitcoin besides what miners are producing there is no way whales have much more coins to dump and cause the decrease.

Have you checked the 24 hours volume? people are no longer selling 180KBTC rather 80K only they are holding back and there is actually a real demand for it paying top dollars.
I wish the world was that ideal, but you need to learn how market manipulations work and how whales cause panic to trick day traders to dump in fear of losing.
I wouldn't be so sure about current market price sustaining, what if 15th comes and ETF doesn't pass approval and market loses hope and start moving downwards?
I'm telling this despite the fact if I had money right now I would be running to buy and accumulate but I am telling others not to open any position and wait one more week.

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May 11, 2017, 10:38:25 PM
 #18

Of course it will drop again.

I would consider $1250 as a near certainty at some point in the next six months, even if this rally reaches all the way to $3000.

And as the poster above me mentioned, sell a portion. Sell even just 20% of what you plan on selling at $2000, then list another 50% of what you planned at $1998, then list some more at $2100, 2200, etc.

Never go all in, or all out.
It can't hurt. I went all in at 300 and 600 and I've made some nice profits, still holding. Depends mostly if you like taking risks or going safe, personally I like taking risks with crypto as I've made far more doing risky shit than planning out something and following the plan. Just sell when you feel comfortable with your profits and buy something nice to feel better; historically, if you've bought coins before this month at any exchange price and sold right now, you'd have made money. This is including Gox prices which were incredibly inflated.














 

 

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May 11, 2017, 11:18:05 PM
 #19

I can't say it's realistic or not, but I wouldn't be surprised if bitcoin would drop to $1200-$1500. Bitcoin rised much in short period and offcourse it can drop.
I remember that few month ago I was really sceptical when price was between $1000-$1200, I had thoughts that bitcoin can drop to $800 or even lower. But now I can't imagine such scenario.

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May 11, 2017, 11:56:51 PM
 #20

Of course it will drop again.

I would consider $1250 as a near certainty at some point in the next six months, even if this rally reaches all the way to $3000.

And as the poster above me mentioned, sell a portion. Sell even just 20% of what you plan on selling at $2000, then list another 50% of what you planned at $1998, then list some more at $2100, 2200, etc.

Never go all in, or all out.
It can't hurt. I went all in at 300 and 600 and I've made some nice profits, still holding. Depends mostly if you like taking risks or going safe, personally I like taking risks with crypto as I've made far more doing risky shit than planning out something and following the plan. Just sell when you feel comfortable with your profits and buy something nice to feel better; historically, if you've bought coins before this month at any exchange price and sold right now, you'd have made money. This is including Gox prices which were incredibly inflated.

The thing about risk is that you pretty much can't gauge it.

My suggestion to you, or anyone, if you are planning on 100% holding for a much higher price than now is to consider if even your dream price actually changes your life. Will $4,000/BTC materially change your life? I don't mean buying "something nice," that's just stuff. It will probably be thrown away or destroyed in 10 years.

I mean, how do current profit levels effect your actual day to day existence? Would it allow you to buy a house? To get a degree that you really need for your career? To retire?

If BTC doubles do any of those big picture things change? No? Then not a significant material difference. You might consider selling 20% if there is no significant material difference between doing so now, versus in this hoped for future of even higher BTC prices.

Think about what is actually being gained at different levels, as well as what is lost. Then make a decision. Just doing it because it's risky is utterly illogical. If you actually see a major change to your day to day existence that is mathematically possible, then you can at least make an informed--if risky--decision. But remember, the most likely event based upon BTC history is that at some point you will be able to buy back in for less than you sell for today.
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