When will Bitcoin return to its glory? Will it sink more?

[TheGodson]

How low do you think Bitcoin is going to go before it starts climbing back up again? Is this it? Is this the end of Bitcoin?

Assuming it goes back up, what do you think the lowest we can get it at?

It is at a 28% decrease from last week? That is pretty bad.

[AdamCooper]

Chinese exchanges closing= more bitcoin for everyone else. The price will keep decreasing to around $3000 before surging again when the rest of the world creates a new bull run.

[Fancyax]

I think it's because of Chinese and Chase Morgan CEO declaration. It's not the first time. Bitcoin always rises again.

[davis196]

How low do you think Bitcoin is going to go before it starts climbing back up again? Is this it? Is this the end of Bitcoin?

Assuming it goes back up, what do you think the lowest we can get it at?

It is at a 28% decrease from last week? That is pretty bad.

Just a normal 28% decrease and people start asking "is this the end?".Don`t focus that much on the bitcoin price.Focus on solutions making bitcoin more newbie-friendly and helping mass bitcoin adoption.
By the way,that 28% decrease is mostly because of the  newbies and panic selling.
There were other bad news from China and the price didn`t went down that much.

[bucciarati]

just remember that it already happen! back in 2013 there was an ath above 1000usd (first time) than a big crash or correction (name as you like) back to 300usd (i don't remember the exact numbers). then what happen? a lot buy in, the media was silent, three years pass and in 2017 we are to ath x4 respect 2013. this time is going to happen again but we sure are not going to 300usd, i don't know the new floor but sure is higer than the former, and the new ath will be the same, so don't worry, take a drink, have a sit and wait for better times!

[AceBtcs]

I totally agree with them ^ bitcoin will climb back up. its just a lot of panic sell.

[dothebeats]

Everyone is worrying as if this would be bitcoin's final run. Smart people sees this as a golden opportunity to get a good entry point so that they could hold more bitcoins to their stash for future bull runs. Bitcoin gaining 400% in a short span of time, no one bats an eye; bitcoin losing 28% of its value in a week and everyone loses their minds.

[Yuhee]

Well i guess the government of china really believe that btc if just a fraud, but there are a lot of other countries that really think btc can help the economy. The main issue is just how to regulate it without having some unlinked organization using it against them. I do believe that btc would still go up but its gonna be a lot of pressure and to be honest they need more support from other users for it to at least go up. Right now its now on pumping it again but rather make it survive again.

[Rajamuda]

It's clear from the current bitcoin price movements looks such as bitcoin to be weaken and helpless. But i don't think bitcoin will continuesly to sink and then the price is so more down to the bottom. I'm sure this is only temporary, and bitcoin prices will rising again in the next month. Obviously i think bitcoin will be going back to its glory i guess, bitcoin will be never die just caused of the incident in China.

[freedomsr40]

Remember the 4 months halt of bitcoin withdraw in Chinese exchanges? What does it change in the end? Nothing.

If all chinese exchange will be closed, people will go out side or go decentralize. that's all.

[o0o0]

it'll sink alot more. its not over till 30th september the close date for chinese exchanges. expect a major haemorrage followed by a slow bleed up till 23rd. maybe a ladt min final hit then stabalise. maybe all the way to $2k? just guessing. i think it'll eventually recover but we are talking slow growth like after gox.

china exits and the rest of the world that doesnt ban exchanges has their share redistributed.

also with price dump miners become more unprofitable so hash drops and adapts.

bitcoin will survive. it'll just lose its china dependence which is a good thing. how low? who knows. im not panicing until it hits my buy in of $320 a coin.

[lite]

I think $3k will hold, a drop like this is the real test for bitcoin holders. i bought a few bits, the price will go up eventually!  
panic sellers always lose! i'm holding are you?

[UnDerDoG81]

Bitcoin was dead after mtgox already...

[jossiel]

How low do you think Bitcoin is going to go before it starts climbing back up again?

We don't know when it will be back but there's no definite time on when it will return to its glory. Think about it, we did see the price to get up to fast and this is why the price gets down quickly too.

Is this the end of Bitcoin?

Of course no, it's not that end for bitcoin many are still believing on this coin and why there's a doubt coming from you.

It survive for so many years so don't think about it's end.

Assuming it goes back up, what do you think the lowest we can get it at?

$4,000 is the possible new floor price.

[talkbitcoin]

bitcoin glory is its adoption and usage as a currency not its price and that has been increasing day by day. unfortunately the price is also an important part of bitcoin and because of how bitcoin exchanges work and because of the type of investors in bitcoin, the price can be easily manipulated like this.

the market is small and full of newbies who create the weak hands. certain people just keep getting richer using these newbies.

[NUFCrichard]

If Chinese exchanges are closing at the end of the month, you can expect lower prices until then at least.
There is the looming 2x part of Segwit2x coming up in November.  Everyone signed up to Segwit2x, but now that they have Segwit, they don't seem to be so keen on the 2x bit anymore (even though Segwit hasn't really increased the blockchain capacity much at all).

So that means there will either be a 2nd hard fork, or no hard fork but a big disagreement about people signing up to the New York agreement, but not carrying through with it.

It could be a rocky ride in the next months. I would expect a bounce after the Chinese exchanges close, and everyone realises that it isn't a very big deal, but I think $5000 won't be reached as that was a bridge too far anyway.

[Denker]

Man this is impossible to answer accurately.
The market is going crazy right now.
We may be able to hold this range until some news comes out, or we may go down way more than anybody expects!!
We have to wait and see.That's all you can do.
If you're in this game for some time, you will have strongs hands if you haven't sold. No reason to sell now.
If you got some fiat and wanna buy, this is the time you may start to layer in.

[Asrael999]

Bitcoin will fall until everyone on this forum is disillusioned and ready to get out, then it has scope to rise.

[kwukduck]

Man this is impossible to answer accurately.
The market is going crazy right now.
We may be able to hold this range until some news comes out, or we may go down way more than anybody expects!!
We have to wait and see.That's all you can do.
If you're in this game for some time, you will have strongs hands if you haven't sold. No reason to sell now.
If you got some fiat and wanna buy, this is the time you may start to layer in.

Why would anyone buy now? China has only STARTED to close small exchanges, they will be shutting down the rest soon.
After that they will release official statements some weeks from now, hammering the price down even more.
Other countries will follow China's ban, as we're already seeing.
If that doesn't cut current price more than in half, you can bet the November hard fork will do it for us.
This is no time to buy. Unless you like to lose money. Buy back range is 600-800 USD, if it holds.

[Beparanf]

Man this is impossible to answer accurately.
The market is going crazy right now.
We may be able to hold this range until some news comes out, or we may go down way more than anybody expects!!
We have to wait and see.That's all you can do.
If you're in this game for some time, you will have strongs hands if you haven't sold. No reason to sell now.
If you got some fiat and wanna buy, this is the time you may start to layer in.

Why would anyone buy now? China has only STARTED to close small exchanges, they will be shutting down the rest soon.
After that they will release official statements some weeks from now, hammering the price down even more.
Other countries will follow China's ban, as we're already seeing.
If that doesn't cut current price more than in half, you can bet the November hard fork will do it for us.
This is no time to buy. Unless you like to lose money. Buy back range is 600-800 USD, if it holds.

This week is not for buying week, the fall isn't over there are more to come. But still will not sell it since I already lose thousands due to this fal, will hold it until it gives back whats mine even it takes years.