Will BTC go back to 7k+?

[rosepetals]

Hi,

i did massive project and got talked into getting paid 100k in BTC when it was at 7,7k rate. By the time i received it on my account it was much lower, and its 5,5k now.



I need to make a decision, should i sell them now to get something or wait and loose most of it or is there a good chance BTC will recover?


I am not a BTC trader so don't know anything about this world but losing that much money makes me cry :/

Or should i change it to some other crypto that expects to be rising soon to recover those losses?

What would you do if you got 100k in 7,7k BTC rate and you have it at 5,5k rate now??


Thanks for helping me deciding this!

MultiBill

P.S: This 100k is my whole years salary:/

Most probably it will go back to $7000 this month btc/usd price as of this moment plays from$6050.49 every second matter in its price..who knows it would reach your target by tomorrow,just keep on waiting and believing that it fluctuates.Dont go panic selling as other holder did,this would cause the dropping value of bitcoin.
It will recover it may not be now or maybe less than a week but i believe it will, just wait and have patience.

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[athanz88]

This fluctuation is harsh because i heard that miners are going to support bch, but i dont know if it is 100% confirmed or not, or just some news that people made to make some price fluctuate because the coin holder panicking and selling their coin.
For me, this fluctuation is normal, every investment has this, and there is no way bitcoin will always rise, there must be a time that bitcoin will decrease in price and then rise again.
Will it back to 7k? I dont know, but bitcoin price went from 0 usd to 7k usd, do you think it wont rise again? In my opinion, bitcoin has a big chance to do it.
When the price is right for you, i suggest you take your bitcoin to fiat money and just store some that you can afford to lose as bitcoin, because it will make you less worry about losing an assets.

[moooonu]

Do you remember when Bitcoin was gone above 3k+$ and then fall back to 1800$ and here we are when its value is more than 7k+$. It will be more than 10k+$ by the end of this year.

[gabbie2010]

It is obvious that history is just repeating itself as regards the price of bitcoin, this is not the first time the price will dropped, recalled when there was clamped down on exchanges by the Chinese government the price bitcoin dropped even below $4k there was panick sales before it rises up again, the same scenerio is repeating itself due to the cancellation of SegWit2x of course fees days to come the price of bitcoin will rise again.

[megynacuna]

It is obvious that history is just repeating itself as regards the price of bitcoin, this is not the first time the price will dropped, recalled when there was clamped down on exchanges by the Chinese government the price bitcoin dropped even below $4k there was panick sales before it rises up again, the same scenerio is repeating itself due to the cancellation of SegWit2x of course fees days to come the price of bitcoin will rise again.

I couldn't agree more, history is just repeating itself and just like it has been in previous cases bitcoin is likely to recover and return to its former rate or even grow pakst it in the coming weeks after this dip in value. The new BCH  supporters can go ahead and console themselves before their crash.

[Tamilson]

It is obvious that history is just repeating itself as regards the price of bitcoin, this is not the first time the price will dropped, recalled when there was clamped down on exchanges by the Chinese government the price bitcoin dropped even below $4k there was panick sales before it rises up again, the same scenerio is repeating itself due to the cancellation of SegWit2x of course fees days to come the price of bitcoin will rise again.

And by just seeing the graph now and the truth will be in our face and the repetition of events always occur.
I'm so skeptical that we can close this year with at least $9000 like the price will definitely bounce back after this so called drama of bitcoin cash. The hype is almost done and many surely profited especially the big whales and it's time now to bch to take a rest.

[pjhom]

Depends how bad you need the money.  If you don't need it then HODL and wait.  I'm not a huge fan of BTC but still believe it will go to $10k eventually. 

[jackhdt]

Yes, of course
I do not understand from where reasons that investors switch buy BCH  and push it up. even a lot of people have thought BCH will replace Bitcoin LOL
do not worry. do not follow the crowd. Please wait BTC come back

[onrise]

Don't worry, i think that at the end of this year the price can grow up and more than $7000
So is better to hold bitcoin, and sell it when price is higher

The price daily is dropping and now it has dropped below 6100$ . I think if it breaks 6k , then soon we may see 5k in coming time and people have already started to sell in the panic case and thus due to which the price is rapidly falling. Will need to see what will drive now towards 7k mark

[Drnice]

Yes it will and this will be before the end of the year. This is what is always faced in the crypto market, where there is always fluctuation in the price of bitcoin, and when you sell at dip, you loss or might not get a high profit as expected, but when you hold and wait for the rise again, you'll enjoy your patience.

[Lykslyks]

Today was certainly a rollercoaster of emotion for all BTC and BCH investors, but I think it's pretty clear that BTC is going to win out and continue to grow. Even since the time of your post BTC is back up to ~$6.3k, and I think it will continue to go back up though perhaps not as quickly as the past couple weeks.

Yes, investors of bitcoin and bitcoincash are the reasons why there is a change in value of both. I'm not doubting the capability of the bitcoin and i think that it will go back to it's continuous growth, maybe not now but soon.

[shiunsai]

Yes it will and this will be before the end of the year. This is what is always faced in the crypto market, where there is always fluctuation in the price of bitcoin, and when you sell at dip, you loss or might not get a high profit as expected, but when you hold and wait for the rise again, you'll enjoy your patience.

Yes and we already saw that price in last week and now price has dropped but if you hold your coins till the end of the year then you will be witnessing much higher price by that time and everyone is expecting to see the price of $8k or higher at the end of the year or in the beginning of next year so holding bitcoins till that time is the best thing to do to earn higher profits on your investments.

[alyssa85]

Today was certainly a rollercoaster of emotion for all BTC and BCH investors, but I think it's pretty clear that BTC is going to win out and continue to grow. Even since the time of your post BTC is back up to ~$6.3k, and I think it will continue to go back up though perhaps not as quickly as the past couple weeks.

I don't think it's clear bitcoin will win out at all.

The big development this year is merchants offering alts because of problems with bitcoin's fees. For example Overstock opened up buying stuff from them using alts (before that they only offered bitcoin). Coinbase enabled Ethereum and Litecoin in their wallet. Bitpay is thinking about enabling bitcoincash.

The trend is for the infrastructure to include alts because bitcoin is becoming unreliable.

[katana2w]

Think, BTC will be 8k+ till the end of this year. And over 10k+ till the march 2018.

[boyptc]

I understand you worry about your bitcoins and since you got paid at $7,700 and the price was lower wit $1,600 there's nothing that you can do now. You have to keep on waiting like there's no other thing that's going to happen.

[BingoDog]

Yes, it will go again back to 7000$, in fact I think it will cross the 8000$ at the end of this year. This correction now is a result of miners acting towards bitcoin cash but this will not last for long and things will go back to track. But we need some kind agreement within the community to avoid the conflict situation that we are having now in the future.

[panju1]

There is a lot of uncertainty right now, but my gut feel is that Bitcoin will recover to $7000+ within the end of this year. A lot of people might be hedging their bets between Bitcoin and Bitcoin Cash, but I feel there is sufficient room for both to grow.

[Akash1243]

Well i think that it is hard to get back to $7000 and i think that bitcoins are going to drop some more as it had a deep impact because Segwit2x was cancelled so bitcoins may not reach $7000.You have to wait as bitcoins will increase again soon.The pump of bitcoin cash and miners going to bitcoin cash is temporary things as soon as that stops bitcoin will rise.

[aardvark15]

Hi,

i did massive project and got talked into getting paid 100k in BTC when it was at 7,7k rate. By the time i received it on my account it was much lower, and its 5,5k now.



I need to make a decision, should i sell them now to get something or wait and loose most of it or is there a good chance BTC will recover?


I am not a BTC trader so don't know anything about this world but losing that much money makes me cry :/

Or should i change it to some other crypto that expects to be rising soon to recover those losses?

What would you do if you got 100k in 7,7k BTC rate and you have it at 5,5k rate now??


Thanks for helping me deciding this!

MultiBill

P.S: This 100k is my whole years salary:/

It’s inevitable that Bitcoin will get back to $7000, the question is when. I think it will easily be before the end of the year. We’ve seen this year that when there is a price drop, Bitcoin is quick to recover and reach a new high. I think that will be the case this time too. The potential Segwit2x brought in investors that wanted both coins, now with Segwit2x cancelled, they are shifting money to BCH instead.

[ivanst776]

It is obvious that history is just repeating itself as regards the price of bitcoin, this is not the first time the price will dropped, recalled when there was clamped down on exchanges by the Chinese government the price bitcoin dropped even below $4k there was panick sales before it rises up again, the same scenerio is repeating itself due to the cancellation of SegWit2x of course fees days to come the price of bitcoin will rise again.

And by just seeing the graph now and the truth will be in our face and the repetition of events always occur.
I'm so skeptical that we can close this year with at least $9000 like the price will definitely bounce back after this so called drama of bitcoin cash. The hype is almost done and many surely profited especially the big whales and it's time now to bch to take a rest.

As we all know that this fall will not be permanent and prices will surely go up and those who are leaving bitcoin in this situation they will regret and for me bitcoin is the best than any other coin and it will pump back and will give me huge profit in future and there are other people like me who are hopeful about this and maybe this time pump will take prices to the 9k and at that time I will say history repeats itself again.