Will Bitcoin Price goes down to 2k $? And Is that a good time to trade?

[silentsnoopy]

Hello, BitcoinTalker!
I'm a new member, and I'm really excited to be a member here.  

I think September is worse month ever for Bitcoin. As we can see the price of its goes down rapidly China gov call for closing bTC exchanger, and Son of B*ch-Jame Dimon regarded Bitcoin as Fraud. I have just watched Coinmarketcap, and price now down to 3k$ already. The majority of buyers seem lower than before. Bitcoiners have lost their value so far.

SO do you think its price will down more in the next few days? And is that a good time to trade?


Thank everyone here for your replies!!  

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[ask]

i think it will go around 1k$ and 2k$ band . thats a nice band to jump in. lets wait for whale dumps. after huobi and okcoin announcements this will happen very quickly.
China traders already start to sell all.

[MissionPhailed]

No guarantees ofcourse but I guess around $2000 would be a good (re)entry point for Bitcoin. You might miss the oppertunity though if you set a buy-order at $2K as the actual bottom might be (much) higher. It might be better to begin right now with buying (small) amounts of BTC.

Btw, I don't think this september is the worst month for BTC ever. In my opinion, this title goes to january 2015 and then especially the first half of that month; prices fell from around $318* on the 1st to just $173* on the 14th and it really seemed crypto was done for.

*took the values from coinmarketcap

[Thedrop82]

A lot of guessing. No technical data.

Fuck off.

[xypos]

Hello, BitcoinTalker!
I'm a new member, and I'm really excited to be a member here.  

I think September is worse month ever for Bitcoin. As we can see the price of its goes down rapidly China gov call for closing bTC exchanger, and Son of B*ch-Jame Dimon regarded Bitcoin as Fraud. I have just watched Coinmarketcap, and price now down to 3k$ already. The majority of buyers seem lower than before. Bitcoiners have lost their value so far.

SO do you think its price will down more in the next few days? And is that a good time to trade?


Thank everyone here for your replies!!  

Well, i think that $2k is very possible in the short run.

Usually when the bubble bursts, the price will adjust down to a level that is artificially low, and for months on end. People don't realize this often and therefore, it is a great time to buy in when the dust settles.

however, right now is probably not a good time to buy still as markets are still correcting and we could see more losses coming in soon.

[randy8777]

Listen to Goldman Sachs and prepare for the market to tank far below $3000 very soon, it's inevitable! If you want to trade in current market circumstances, you'll need balls of steel because panic is dictating the entire market. Analysis, charting, etc, put them all in the bin for now, they have zero value. I am setting up buy orders below $2700 as we speak.

[ImHash]

A lot of guessing. No technical data.

Fuck off.

You need technical data then you should go to school first to learn how to recognize technical data dude you think China trying to manipulate people like always as doing it is a habit for them makes any technical data more effective? no one knows right now how far the price will drop, it might go down to $2800 if Chinese whales decide to dump all together but one thing is for sure, it will go back up again like the other hundred times.

[Thedrop82]

A lot of guessing. No technical data.

Fuck off.

You need technical data then you should go to school first to learn how to recognize technical data dude you think China trying to manipulate people like always as doing it is a habit for them makes any technical data more effective? no one knows right now how far the price will drop, it might go down to $2800 if Chinese whales decide to dump all together but one thing is for sure, it will go back up again like the other hundred times.

What are you on about?

My point is just people are just chucking out random figures

$1000

$800

$1200

$2000

Where the hell are they getting these figures from? Just seems to be pulled from thin air with no charts showing/backing up these prices.

[ParabellumLite]

If it crosses the 50% line with respect to the lastest top (5.000 USD) the bear market will be confirmed. Any buy after that will be a bad call in my view, as the bear market will continue for months if not longer than a year from that point onwards.

I would not do it: again, just as in late 2013/early 2014, BTC at this point is a high risk/low reward asset at this point.

[MissionPhailed]

A lot of guessing. No technical data.

Fuck off.

Well, I suppose you can enlighten us and the OP in this regard? Technical data is fun and all to view developments in hindsight, but not very usefull to predict values in the (near) future. There's simply too many factors. So yeah, a whole bunch of guessing is the best the OP can get as an answer.