Will bitcoin drop?

[AK47-]

The required drop has taken place already. Now, Bitcoin would pass $5k range with some fluctuations easily. Same trend happened when Bitcoin passed $4k and then $4.5k. There might be some small drop at $4.8k. But that wouldn't be huge.

[CoinsCoinsEverywhere]

I am expecting a worst case scenario of bitcoin dropping back to $3000. It doesn't really matter though. People seem to be obsessed with minor changes like +/- $500, we seem to forget to just zoom out and look at the trend. These changes are still considered as healthy in the market.

I would argue that this kind of price instability is a big deal and overall not good for bitcoin.  On a percentage basis, a change of $500 in one or two days is on the order of 10-12%.  The problem is that this indicates that there is no consensus whatsoever about what the price should be.  People are just throwing money at it, assuming that it's going to keep going up.  This makes a deep correction much more likely as these people are going to panic and sell quickly if/when we get a drop that's more than the expected $500 or so (or if a major support line is breached).

[richardsNY]

I am expecting a worst case scenario of bitcoin dropping back to $3000.

That's not at all a worst case scenario situation -- it still means that we're up like 200% this year. If we stretch it a lil bit further, then it's pretty safe to say that there isn't anything that you can consider to be a worst case scenario when it comes to the price. At every level there is enough buy support, where the lower the market is going, the more likely people will jump in and start buying like there is no tomorrow.

[btc-facebook]

The required drop has taken place already. Now, Bitcoin would pass $5k range with some fluctuations easily. Same trend happened when Bitcoin passed $4k and then $4.5k. There might be some small drop at $4.8k. But that wouldn't be huge.

At the moment , bitcoin value quite stable although News about ICO got ban on China already spread around the world !
It means that even big country like China doesn't affect bitcoin value on global market

[SONG GEET]

Just neglect all those predictions and make a long term investment on bitcoin, bitcoin is not for short term trading. Hold all your bitcoin for next 5 years you will easily get over 10x return so why to risk your profit by playing on occassional swings.

[Cranidos]

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

It is difficult to agree nor disagree with this kind of matter since speculating about what will happen in the future is difficult. Will bitcoin drop? Who knows, yes maybe. Bitcoin always do that. But if Bitcoin will really have a terrifying pullback, then this is a good opportunity to get on board again. I've been constantly hoping for this.

[unyil]

I see it seems bitcoin will not drop, correction will always be there but bitcoin price will not be badly crushed. We can see the correction that happened yesterday because of negative news from china but we also see now bitcoin price has recovered quickly.

[bitcoinisbest]

I see it seems bitcoin will not drop, correction will always be there but bitcoin price will not be badly crushed. We can see the correction that happened yesterday because of negative news from china but we also see now bitcoin price has recovered quickly.

Very true that bitcoin price always rises after the fall. Though we had a bad news regarding CHina banning and also saw 800$ of fall from 4800$ but it started to recovering soon and now we care at 4600$ per btc already. So in terms for fall it does not seems so and little correction may take place in future as well but overall it will rise high every time it falls.

[HatakeKakashi]

I am expecting a worst case scenario of bitcoin dropping back to $3000. It doesn't really matter though. People seem to be obsessed with minor changes like +/- $500, we seem to forget to just zoom out and look at the trend. These changes are still considered as healthy in the market.

even the price of bitcoin drop 3000 dollars its very high if you compared the price before.  We dont know what will happen in bitcoin in the nexr few years. But if bitcoin drop we can buy more bitcoin and for sure you will earn profit . But as of now the price is very high is already 4600 dollars and I hope it will back again to the price of 5k dollars. But more bitcoin and you will be happy for the result.

[agustina2]

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

That article is established last month and as we can see, it didn't happened if China didn't established a policy about ICO which is one of the reason why we saw a slight correction this past days. So without China's movement recently, we able to breach $5,000 for a continous bull run.

And price drop is possible as always but not that much. Goodluck for that Goldman Sachs analyst in waiting for $2,221 price drop. That is a failed speculation.

[TrumpD]

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

It is all idle speculation and guesswork. The only thing guaranteed is that the price will swing both ways, sometimes wildly, most times slowly. The rest is guess work.

[DragonSlayer]

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

That article is established last month and as we can see, it didn't happened if China didn't established a policy about ICO which is one of the reason why we saw a slight correction this past days. So without China's movement recently, we able to breach $5,000 for a continous bull run.

And price drop is possible as always but not that much. Goodluck for that Goldman Sachs analyst in waiting for $2,221 price drop. That is a failed speculation.

How come he speculate that the drop will came to 2,221$? Is he really a expert speculator? or just random guy who made a wild guess? The price of bitcoins have come again to 4600$+ and the upward movement will be continue since the dump of bitcoins has been done and people used to moveon on china banning of ICO alts.

[john2231]

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

That article is established last month and as we can see, it didn't happened if China didn't established a policy about ICO which is one of the reason why we saw a slight correction this past days. So without China's movement recently, we able to breach $5,000 for a continous bull run.

And price drop is possible as always but not that much. Goodluck for that Goldman Sachs analyst in waiting for $2,221 price drop. That is a failed speculation.

Yeah you have a point if there is no news about china banning ICO's i think we already touch in $5,000 but its still not late because its just a normal that we are seeing price drop because of panic sell and wrong understanding about the issue in china.. that is why i stay holding bitcoin when the price is starting to drop instead i buy more bitcoin when the price hit $4100 because $4k is a starting point i think that the drop will paused in $4k and increase back again after correction and i am right that the price is increase again.. they can not lose bitcoin since its already help a lot from china so it is normal that we are seeing that there is a big drop honestly we are in strong level which is not the same happen from last year and past years.

[BitcoinNewsMagazine]

I am expecting a worst case scenario of bitcoin dropping back to $3000. It doesn't really matter though. People seem to be obsessed with minor changes like +/- $500, we seem to forget to just zoom out and look at the trend. These changes are still considered as healthy in the market.

If bitcoin has actually topped out at $5000 and we are entering a bear market your worst case should be $1200 to $2000. You should be prepared to hold any bitcoin you own through a one to two year bear market. That is what risk/reward is about. Sure, bitcoin might surprise everyone and hit $7000 before the bear market. But if you are sitting on a lot of bitcoin right now is time to take profits and raise cash.

[BitFinnese]

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

Doesn't it happen already?  there is no point in arguing about the analysis of Bitcon price droping since it already happen.  But the one debatable is the price going down to $2,200.  I know the analysis used here is the data from the previous price drop of Bitcoin but I believe there are lots of errors there.  Bitcoin might fall in price due to the correction but I think it will not touch $2500 again.

[BitcoinNewsMagazine]

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

Doesn't it happen already?  there is no point in arguing about the analysis of Bitcon price droping since it already happen.  But the one debatable is the price going down to $2,200.  I know the analysis used here is the data from the previous price drop of Bitcoin but I believe there are lots of errors there.  Bitcoin might fall in price due to the correction but I think it will not touch $2500 again.

If bitcoin enters a bear market with the current top of $5000 you should expect price to drop to the 0.618 to 0.786 Fibonacci retrace levels on the chart. Of course if we make a new high we have to draw a new chart. We are talking worst care here. If bitcoin price drops to $2000 it will not just pop back up to make new highs, we will be in a bear market that could take a minimum of a year to resolve.

[CoinsCoinsEverywhere]

I see it seems bitcoin will not drop, correction will always be there but bitcoin price will not be badly crushed. We can see the correction that happened yesterday because of negative news from china but we also see now bitcoin price has recovered quickly.

Hopefully the price will not get badly crushed again, but please be very careful about your assumptions.  This is also what people thought back in November/December of 2013 when the price spiked to around $1150.  Everyone thought it was going to keep going up up up.  What happened?  Over the following 13-14 months, the price kept dropping until it bottomed around $150 in January 2015.  That was an 87% drop.  After the previous spike to around $260 earlier in 2013, the price fell to around $63 -- a 76% drop.  As they say in trading/investing, history doesn't repeat itself, but if often rhymes.  Now, cryptos are better established than they were in 2013, but if much of the price runup this year is due to speculation, all of that can just as easily be undone.

[DrGuns4Hands]

bitcoin price always drop because bitcoin is famous on it's volatility and bitcoin is a decentralized currency so bitcoin will instantly drop suddenly it's depending on the demand. high demands of bitcoin investors high price will it be but if there's alot of user will gonna sell their bitcoin that will be the reason of the drop. price correction is one of the reason why bitcoin price are dropping.

[Webetcoins]

All the predictions about bitcoin is just opinions that have no basis. Actually nobody knows what will happen with bitcoin. The policy of bitcoin can only be based as of the moment. I'm more interested in how to develop the turnover of bitcoins.

Bitcoin is growing and the price of the bitcoin is increasing as the time passing. Bitcoin ha ahuge potential to increase your money and to make you rich even in a short time so we cannot say that bitcoin will drop the price ever a lot of people are getting into bitcoin and investing a lot of money in the bitcoin to get the profit because they knows that bitcoin will give them a future they have dreamed about so it is increasing and being more popular now.

[ahmia39]

This only will, not sure. Maybe bitcoin will experience a slight drop. Because like a runner, need to take a breather to continue the long journey. More people in the world, realizing advantages and potential benefits with bitcoin. Other than as a savings or investment.