[2017-08-15]The price of bitcoin dropped below $ 4000

[Vialaia]

On Tuesday, August 15, the bitcoin price dropped on a number of exchanges below $ 4000.

Over the past day, bitcoin has set the record for the last few days: last night, the price of the first cryptocurrency reached $ 4,450, according to Coinmarketcap.
And while the correction largely expected, the reasons for such rapid decline is difficult to determine. At the time of publication the price of bitcoin on Bitfinex dropped to $3922 on Bitstamp to $3925. The average rate on Coinmarketcap far held above $4000.

Read more https://bit.news/eng/goldman-sachs-analysts-explained-when-wait-declining-bitcoin-exchange-rate/

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[Slow death]

"Under the most adverse scenario, the price of the cryptocurrency could fall to $2221"

$2200, he said  $2200?


Reached $4400 to fall to $2200, that's a big fall, I want to believe it falls to $3600, but no more back below $3000

[GenTarkin]

"Under the most adverse scenario, the price of the cryptocurrency could fall to $2221"

$2200, he said  $2200?


Reached $4400 to fall to $2200, that's a big fall, I want to believe it falls to $3600, but no more back below $3000

Well when this bubble ultimately pops, we will land back at a stable floor of $700-1200 for a good year or 2 , just like the pattern observed in previous crypto bubbles =)

[Vialaia]

"Under the most adverse scenario, the price of the cryptocurrency could fall to $2221"

$2200, he said  $2200?


Reached $4400 to fall to $2200, that's a big fall, I want to believe it falls to $3600, but no more back below $3000

[Rahar02]

This goldman sachs analysts just give her speculation about bitcoin price, but I admit she might be right as I've same (the worst) prediction. But, there's one thing which hold bitcoin to not fall below $3000 which is segwit activation on August 21st.
How could segwit be the reason? Because it's a scale solution, after bitcoin transactions could afford many transactions per second and be confirmed faster than current situation but we just pay low fees, than it should be great for bitcoin development.
Remember when Litecoin segwit activated few months ago, and this coin has rise from cents to $50 in just 2 months.
In addition, litecoin just like a testnet for bitcoin development, then what Will happen after bitcoin segwit be activated? We will on Bull run like crazy again.