Will we ever see bitcoin lower than 1000$?

[TastyChillySauce00]

There is one other scenario: the USD becomes somehow supremely more valuable than Bitcoin or any other currency. That is, Bitcoin value versus a basket of other major currencies continues to be "stable", but not against USD specifically.

Sorry in advance. Honestly, I don't understand what youre talking about?
Maybe you mean if bitcoin price is lower than 1000$, USD becomes much more valuable than Bitcoin, correct?

Guess he's actually talking if USD increases its value towards any other currency because of its good economic and many factors, the price of BTC to USD maybe could fall, but it's not actually right. As I see that the price of bitcoin to USD is more independent than any fiat ever existed. Whether the value of USD is increasing or decreasing, it doesn't affect bitcoin that much.

[danherbias07]

There is one other scenario: the USD becomes somehow supremely more valuable than Bitcoin or any other currency. That is, Bitcoin value versus a basket of other major currencies continues to be "stable", but not against USD specifically.

Usd is valuable. Because we are looking at the price we somehow think it is not.
The difference is bitcoin is limited and USD is not. They keep creating more paper money that bloats the market and it becomes lower in price.
If it aint valuable how come they tell it is still the strongest currency.
Value is different with price. Bitcoin is just the same. It can go down in price but could still be with a lot of value.

[Sled]

There is one other scenario: the USD becomes somehow supremely more valuable than Bitcoin or any other currency. That is, Bitcoin value versus a basket of other major currencies continues to be "stable", but not against USD specifically.

Usd is valuable. Because we are looking at the price we somehow think it is not.
The difference is bitcoin is limited and USD is not. They keep creating more paper money that bloats the market and it becomes lower in price.
If it aint valuable how come they tell it is still the strongest currency.
Value is different with price. Bitcoin is just the same. It can go down in price but could still be with a lot of value.

If we are really thinking for long term in bitcoin then it is easy to think that the price of bitcoin will never be lower than $1,000 because there is a lot of progress that is waiting in bitcoin so i think if those progress or future plans will become true then bitcoin will become more stabilize and the market will not fall and the price will just continue to go up and that is all about long term.

[azguard]

There is one other scenario: the USD becomes somehow supremely more valuable than Bitcoin or any other currency. That is, Bitcoin value versus a basket of other major currencies continues to be "stable", but not against USD specifically.

Usd is valuable. Because we are looking at the price we somehow think it is not.
The difference is bitcoin is limited and USD is not. They keep creating more paper money that bloats the market and it becomes lower in price.
If it aint valuable how come they tell it is still the strongest currency.
Value is different with price. Bitcoin is just the same. It can go down in price but could still be with a lot of value.

If we are really thinking for long term in bitcoin then it is easy to think that the price of bitcoin will never be lower than $1,000 because there is a lot of progress that is waiting in bitcoin so i think if those progress or future plans will become true then bitcoin will become more stabilize and the market will not fall and the price will just continue to go up and that is all about long term.

In short or long term price wont go bellow 1500 not anymore even on 2000 if big resistance for price keeping above. It need to be very bad for price to go even below 2000 now days and not to mentioned below 1000, we broken 4 digits long ago now we need to be focused on other thing. Price is currently you could say stable but next mark is 3000.

[Clavulanic]

There is one other scenario: the USD becomes somehow supremely more valuable than Bitcoin or any other currency. That is, Bitcoin value versus a basket of other major currencies continues to be "stable", but not against USD specifically.

Usd is valuable. Because we are looking at the price we somehow think it is not.
The difference is bitcoin is limited and USD is not. They keep creating more paper money that bloats the market and it becomes lower in price.
If it aint valuable how come they tell it is still the strongest currency.
Value is different with price. Bitcoin is just the same. It can go down in price but could still be with a lot of value.

If we are really thinking for long term in bitcoin then it is easy to think that the price of bitcoin will never be lower than $1,000 because there is a lot of progress that is waiting in bitcoin so i think if those progress or future plans will become true then bitcoin will become more stabilize and the market will not fall and the price will just continue to go up and that is all about long term.

You're right, and if you think that way you can be over confident all over the price to decrease back to $1000. We cannot assure all the time the situation can be the same as always, because the decisions of other investors cannot be within our control; they have their own will and choice whether sell or wait for a long term.

[v0rtecxz]

It's going down the bitcoin price on the market if I think it's a natural thing, but to drop at the price of 1000 $ I think it is impossible, we see now bitcoin continues to develop and start to have a big impact, many people and sites are connected with bitcoin, and As long as people still trust and use its bitcoin will continue to increase

[pressureonme]

I'm not gonna say a strong NO to this question. Bitcoin is still around $2500 but this doesn't mean it will never come back to $1000 region again. Any technical issue about itelf could cause a huge dump. Or imagine US banned users to withdraw from exchanges. This would cause another dump.

[Casabrandy]

I'm not gonna say a strong NO to this question. Bitcoin is still around $2500 but this doesn't mean it will never come back to $1000 region again. Any technical issue about itelf could cause a huge dump. Or imagine US banned users to withdraw from exchanges. This would cause another dump.

When one country opens btc in their country I noticed that  btc pumps happen then later on it will dump just like this past month when Japan implemented it btc reaches $3000 then suddenly dump. Dump and Pump is part of btc which means it is used in any means of transactions.

[jualidbitmixer]

I'm not gonna say a strong NO to this question. Bitcoin is still around $2500 but this doesn't mean it will never come back to $1000 region again. Any technical issue about itelf could cause a huge dump. Or imagine US banned users to withdraw from exchanges. This would cause another dump.

When one country opens btc in their country I noticed that  btc pumps happen then later on it will dump just like this past month when Japan implemented it btc reaches $3000 then suddenly dump. Dump and Pump is part of btc which means it is used in any means of transactions.

Imagine if more countries start accepting bitcoin, the price of bitcoin will increase so high. But, it's not only the reason why the bitcoin's price increase though. Actually we never know what will happen to bitcoin on the next 1-5 years, maybe someday the bitcoin's price can reach $1000, but i hope it never happen.

[andrei56]

Even some months ago bitcoin'a price was 600$ but it started to rise and everyone sees how it become 1300$, than 1-2 month ago we had a little fall and lowest price was 890$ but than it returned to it's 1200-1300 and continued to rise and rise and we see what we get in result, bitcoin's price is 2750$ currently. This is very high rise and what do you think guys, will we see fall from 2700 to 1000 or even to 600$ ? Can we to forget worries of price fall?

A fall can definitely happen anytime. But I'm thinking about a crash to about $2000 or $1800 only. It would be too much of a disaster for Bitcoin to fall to something lower than $1000. I'm not saying it's impossible though, it's definitely possible. Anything can happen at this point.

I'm actually expecting a crash nextmonth (end of July) because of the possible split between Bitcoin Unlimited and Bitcoin Core. But I expect it to come back to a rise immediately after a few weeks of months.

In my opinion that is the worst scenario, an scenario where we get a split but we have two different chains that survive, I would like for only one of the coins to survive, no matter which one, but if we get two we will get similar problems to what happened to ETH and ETC only worst.

[Bluengold341]

Key word "ever" So yes we will see it lower than $1000. It could be when the sun engulfs the earth in 5 billion years.  

Lol, I don't think we need to take it quite so literally. If we look at the next few years I don't think theres much chance to see it drop that far.

It has happened earlier, and therefore the chances of it repeating can't be ruled out. During 2013 to 2016, the exchange rates dropped from a peak of $1,230 to around $200 per coin, which corresponds to a decrease of almost 85%. So it has happened previously. It is possible for BTC to drop from $3,000 to sub-1,000 levels.

when was this?

https://blockchain.info/charts/market-price

edit; nvm i see it.. wrong chart.. yea i think that was cause of the silkroad thing

[bitcoinvestor]

Lower than 1000, I am not sure about that. Lower than 2000 is possible. Bitcoin is now stable from 2400 to 2900 usd. If lower than 2000 I think it is panic selling. There are many traders will profit from that situation. My prediction bitcoin still climb up over 3500 in next two month. When will be lower 1000, I think you can find difficult answer for that.

[Smolko]

Lower than 1000, I am not sure about that. Lower than 2000 is possible. Bitcoin is now stable from 2400 to 2900 usd. If lower than 2000 I think it is panic selling. There are many traders will profit from that situation. My prediction bitcoin still climb up over 3500 in next two month. When will be lower 1000, I think you can find difficult answer for that.

It would be just a repeat of the market. BTC dropped so many times more than 50% why shouldn't it stop now? A lot of people made a lot of money currently, many of them will cash out.

I think BTC will drop to 800-1200$ and stay there for a longer time till it achieves again new record highs ( looking at 5.000-7000$).

[fikihafana]

Lower than 1000, I am not sure about that. Lower than 2000 is possible. Bitcoin is now stable from 2400 to 2900 usd. If lower than 2000 I think it is panic selling. There are many traders will profit from that situation. My prediction bitcoin still climb up over 3500 in next two month. When will be lower 1000, I think you can find difficult answer for that.

i'm totally agree with you bitcoin setup his support in  this current price, if buy support is really enough it will hit to $3000 again and try to create new buy support above $3000

[Dudeperfect]

Lower than 1000, I am not sure about that. Lower than 2000 is possible. Bitcoin is now stable from 2400 to 2900 usd. If lower than 2000 I think it is panic selling. There are many traders will profit from that situation. My prediction bitcoin still climb up over 3500 in next two month. When will be lower 1000, I think you can find difficult answer for that.

i'm totally agree with you bitcoin setup his support in  this current price, if buy support is really enough it will hit to $3000 again and try to create new buy support above $3000

Bitcoin has grown to the next level and there are many factors behind the price movements of bitcoin. Yes, we could see possible low between the range of $1800 to $2,200 but I don't think anytime it will be floating around $1K. The recent price rally highlighted the participation of the institutional investors but still there is large number of people who are holding it for the long term so even in a massive crash, I don't see $1K level.

[logicgate]

It is very possible that we will see bitcoin lower than 1000$ price again it might not be soon but im sure we will see it again in the next few years. The price right now is very high and we have seen that bitcoin can go up and down like crazy from 600$ to 1200$ or from 1100$ to below 1000$ so even if bitcoin price right now is 2000$+, we might see 1000$ price or lower again.

No that is  impossible that the price of bitcoin will going to lower than 1000$ because day by day the knowledge of bitcoin is spreading in among the peoples so its price will goes to 1000$ that is impossible because people can invest their money in bitcoin in this case the price will goes to increase and I think its price will not goes to lower than 2000$ or 22000$ and its will be more increase.

[Sled]

It is very possible that we will see bitcoin lower than 1000$ price again it might not be soon but im sure we will see it again in the next few years. The price right now is very high and we have seen that bitcoin can go up and down like crazy from 600$ to 1200$ or from 1100$ to below 1000$ so even if bitcoin price right now is 2000$+, we might see 1000$ price or lower again.

No that is  impossible that the price of bitcoin will going to lower than 1000$ because day by day the knowledge of bitcoin is spreading in among the peoples so its price will goes to 1000$ that is impossible because people can invest their money in bitcoin in this case the price will goes to increase and I think its price will not goes to lower than 2000$ or 22000$ and its will be more increase.

Bitcoin is depending on the demand in the market so if something goes wrong in bitcoin then it will affect the demand of the people in the market and can damage the price that can be lower than $1000 or worst $100 so i think we should not be that confident because we can't control bitcoin to be just stable in the certain price that we want.

[gabmen]

It is very possible that we will see bitcoin lower than 1000$ price again it might not be soon but im sure we will see it again in the next few years. The price right now is very high and we have seen that bitcoin can go up and down like crazy from 600$ to 1200$ or from 1100$ to below 1000$ so even if bitcoin price right now is 2000$+, we might see 1000$ price or lower again.

No that is  impossible that the price of bitcoin will going to lower than 1000$ because day by day the knowledge of bitcoin is spreading in among the peoples so its price will goes to 1000$ that is impossible because people can invest their money in bitcoin in this case the price will goes to increase and I think its price will not goes to lower than 2000$ or 22000$ and its will be more increase.

Bitcoin is depending on the demand in the market so if something goes wrong in bitcoin then it will affect the demand of the people in the market and can damage the price that can be lower than $1000 or worst $100 so i think we should not be that confident because we can't control bitcoin to be just stable in the certain price that we want.

I agree. The demand for btc is what determines its price and right now, since btc has been acknowledged and is being ackowledged by more people,i don t see the demand lessening so probably we'll stay above 2k for quite a longer time. Btc halving may even be above 1k when it happens

[jossiel]

I'm not gonna say a strong NO to this question. Bitcoin is still around $2500 but this doesn't mean it will never come back to $1000 region again. Any technical issue about itelf could cause a huge dump. Or imagine US banned users to withdraw from exchanges. This would cause another dump.

I will say that bitcoin is strong and no matter what other speculations will say negatively. I can't see that bitcoin will be back again lower than $1,000.

The market seems to be peaceful and it's quite stable at $2,400 though everything is still possible to happen.

But possibly that there will be an unexpected pump.

[Hypnosis00]

The price lower than $1,000 is possible just think the about the things that can make it happen like a panic selling and we all know that there is some people who got thousands of bitcoins and they can dump the price lower than $1,000 if they like to.