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Author Topic: Will bitcoin ever drop to $1200-$1500  (Read 3176 times)
leowonderful
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May 12, 2017, 12:42:59 AM
 #21

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.
I agree with most of what you said, but most HODLers like myself just prefer holding. There's a reason why I just hold instead of buying low and selling high or trading, something I used to do a lot and have made lots of money on- it doesn't take much effort, you don't pour days of your life into watching price and it is a lot less stress on your person. This also means the BEST way to HODL (or trade) depends on how much you're willing to invest. Below ten BTC I would most likely just continue trading and trying to gain more BTC, but above that I'd just hold as I'd be able to get enough money to actually do something that'd be worth doing.














 

 

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May 12, 2017, 12:44:11 AM
 #22

Why ask a forum? it is literally impossible to tell. Unless you are manipulating the market - it does what it wants.

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May 12, 2017, 02:33:50 AM
 #23

Why ask a forum? it is literally impossible to tell. Unless you are manipulating the market - it does what it wants.
As quoted anything might happen. Though it's purely a speculative currency the prediction might work in a perfect manner as well sometimes goes wrong. Calculated prediction too is not effective as the big investors have the manipulating power by a sudden increasing and decreasing of the market volume circulation leading to increased volatility.

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May 12, 2017, 02:45:04 AM
 #24

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!
Always read news and ask some pro. Maybe they can help you when btc will be going down or increase its price. If the news says btc will be going down prepare your self to buy more btc.

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May 12, 2017, 03:28:58 AM
 #25

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!

i can certainly tell you one thing with confidence, hoping for price to get somewhere is not a good thing.

there is a good chance that price stops going up very soon (during the following 2-3 days) and if that happens, there will be a correction. then how big that correction is, will depend on many things such as how many are going to start panic selling and how much. so it may or many not go down to $1500.

and if you ask me if it went down, make sure of the bottom and then buy as much as you can, that is what i will do, and then i will hold it with the rest of my coins which i have been holding for years for more years.

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May 12, 2017, 05:02:23 AM
 #26

Good plan, friend. You have a target and of course you will get a profit in accordance with your wishes. Keep in mind the bitcoin is very volatile and sure whenever it will get down to $ 1,500. But we do not know when it will happen or even the price will continue to rise. So if the price does not go down to $ 1,500 you better buy more because if you keep waiting for the price to go down to $ 1,500 but the price does not touch it you will miss the fluctuations, and it will certainly make you regret. Then if the price has dropped to $ 1,500 you can buy with more amount. Maybe that's a good way to me.
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May 12, 2017, 05:43:52 AM
 #27

Good plan, friend. You have a target and of course you will get a profit in accordance with your wishes. Keep in mind the bitcoin is very volatile and sure whenever it will get down to $ 1,500. But we do not know when it will happen or even the price will continue to rise. So if the price does not go down to $ 1,500 you better buy more because if you keep waiting for the price to go down to $ 1,500 but the price does not touch it you will miss the fluctuations, and it will certainly make you regret. Then if the price has dropped to $ 1,500 you can buy with more amount. Maybe that's a good way to me.

This even is truly unpredictable and we can even tell if the price would go back at 1500$ and im very sure that it is a long time waiting but we should not erase the fact that theirs a huge possibilities that price drop would be happen since it is normally happen on bitcoins and price for now is so huge so far. And the best thing to do now as you said is to buy more since price for now drops as of last night priced reached and we should watch for price stats if we would stake on this since the ratings of staking right now is very dangerous.

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May 12, 2017, 05:59:45 AM
 #28

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!
All the prediction about the bitcoin price are worst Only Because if you will see in the last year then you will found that the fall in the price is very low and rise in the price is very high , but if you will go back 3-4 years then you can't believe at your own eye that how much the bitcoin price get drop .
So here my suggestion for you is that always buy or sell in small small Investment Because in small small Investment sell and buy never gives feeling that you had sold or bought your bitcoin at high price .
Here my suggestion for you to sell 500$ of your bitcoin and after the month if price increase more then sell.more 500$ and so on , in this way your selling price will reach near the highest price of the bitcoin .


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May 12, 2017, 06:02:32 AM
 #29

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!
Always read news and ask some pro. Maybe they can help you when btc will be going down or increase its price. If the news says btc will be going down prepare your self to buy more btc.
The trend of bitcoin can be determined by the news, bullish or bearish all of it will depend on the news itself. But to determined about how good or bad is it will take a lot of time. try to follow the experience trader is a recommended way in my opinion.

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May 12, 2017, 11:14:11 AM
 #30

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!
Sure it seems that bitcoin price will reach $2000 by the end of this month.I think bitcoin price would not drop to even $1500 as we can see more countries accepting bitcoin payments and more people willing to buy more bitcoins.So it would be better if you buy bitcoins now itself.
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May 12, 2017, 11:40:02 AM
 #31

I think bitcoin price would not drop to even $1500 as we can see more countries accepting bitcoin payments and more people willing to buy more bitcoins.So it would be better if you buy bitcoins now itself.

$1500 isn't that far away. Especially if you look at how poor the buy support among exchanges is. It takes a relatively low number of coins to dump the price down significantly.

Example;

It takes 2900BTC to dump the price +$400 lower on Bitstamp.
It takes 3000BTC to dump the price down +$600 on GDAX (Coinbase).
Only difference is Bitfinex, but we know that people can't get their USD out. It takes 3700BTC to dump the price down +$200 there.

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May 12, 2017, 01:26:41 PM
 #32

Anything can happen, even the price drops to that price, moreover the bitcoin price is currently rising very fast and yet there is a dump. Well, but I hope the bitcoin prices remain stable and keep going up.


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Oralmat
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May 18, 2017, 04:59:40 AM
 #33

May be bitcoin will come, i think so because it is not lowest price of bitcoin. Whenever bitcoin start to come back than definitely bitcoin would be come at $1200 to $1500. At least bitcoin would be come at $1500. Than it is a time to buy the bitcoin.
I remember when people thought that when bitcoin will come at $1500, because they want to sell bitcoins. And now time has been changed now people think when bitcoin come back at $1500 because they want to buy bitcoins.   
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May 18, 2017, 09:32:41 AM
 #34

May be bitcoin will come, i think so because it is not lowest price of bitcoin. Whenever bitcoin start to come back than definitely bitcoin would be come at $1200 to $1500. At least bitcoin would be come at $1500. Than it is a time to buy the bitcoin.
I remember when people thought that when bitcoin will come at $1500, because they want to sell bitcoins. And now time has been changed now people think when bitcoin come back at $1500 because they want to buy bitcoins.   
Everything is possible with bitcoin, as it's a speculative currency the variation happens with respect to the time. Sometimes it's gives growth as expected and at times the same goes in the opposite manner. So buying or selling, acting at the present is good than waiting for price to get low for a buying and higher for a selling.


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DrGuns4Hands
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May 18, 2017, 09:43:06 AM
 #35

Everything is feasible in cryptocurrency. Bitcoin is much more than a currency and it's an asset. Even the price is drop or up, there's nothing new. Everyone knows it. Bitcoin price may crash but it will rise again. Well, rest assured. So, it's possible! Buying or selling is good. But to wait that the price will it's low key to buy more btc is better.

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May 18, 2017, 01:34:28 PM
 #36

I think bitcoin price would not drop to even $1500 as we can see more countries accepting bitcoin payments and more people willing to buy more bitcoins.So it would be better if you buy bitcoins now itself.

$1500 isn't that far away. Especially if you look at how poor the buy support among exchanges is. It takes a relatively low number of coins to dump the price down significantly.

Example;

It takes 2900BTC to dump the price +$400 lower on Bitstamp.
It takes 3000BTC to dump the price down +$600 on GDAX (Coinbase).
Only difference is Bitfinex, but we know that people can't get their USD out. It takes 3700BTC to dump the price down +$200 there.
Bitfinex has always had the best liquidity of all exchanges. I think that's the exact reason larger traders prefer to remain trading there instead of moving elsewhere.

I personally make use of Kraken and Bitstamp, and thus far they have proven to be reliable. They may not have the same level of liquidity as Bitfinex, but for me it's more than enough.

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May 18, 2017, 01:42:23 PM
 #37

I think bitcoin price would not drop to even $1500 as we can see more countries accepting bitcoin payments and more people willing to buy more bitcoins.So it would be better if you buy bitcoins now itself.

$1500 isn't that far away. Especially if you look at how poor the buy support among exchanges is. It takes a relatively low number of coins to dump the price down significantly.

Example;

It takes 2900BTC to dump the price +$400 lower on Bitstamp.
It takes 3000BTC to dump the price down +$600 on GDAX (Coinbase).
Only difference is Bitfinex, but we know that people can't get their USD out. It takes 3700BTC to dump the price down +$200 there.
Bitfinex has always had the best liquidity of all exchanges. I think that's the exact reason larger traders prefer to remain trading there instead of moving elsewhere.

I personally make use of Kraken and Bitstamp, and thus far they have proven to be reliable. They may not have the same level of liquidity as Bitfinex, but for me it's more than enough.

Bitstamp has always worked great for me although I've seen a few complaints on bitcointalk about them before. I have yet to try kraken though, is there any benefit to them over bitstamp?
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May 18, 2017, 02:58:00 PM
 #38

YEs there is a high possibility that the price of bitcoins might grow up at a steady pace but it might have a slight chance that the price of bitcoins would be down to 1200$ ,well that cannot be predictable but on the other hand you have to wait if you want to buy at that price.

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May 18, 2017, 03:00:03 PM
 #39

very good ideea sell at 2k $
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May 18, 2017, 04:00:31 PM
 #40

YEs there is a high possibility that the price of bitcoins might grow up at a steady pace but it might have a slight chance that the price of bitcoins would be down to 1200$ ,well that cannot be predictable but on the other hand you have to wait if you want to buy at that price.

The price of bitcoin is too unstable and it is possible that such a fall if the number of users decreases and panic begins. According to my observations in the summer the price should start to go down, but it's hard to tell to what grade.

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