Bitcoin Will Crash Below $3000.

[Lumada]

Nope, It wont crash below even $4500 well not this year

I'm sure it will not decrease that much, another hype might happen if it goes that low. its just a chance for us to buy more and feels it when it pumps again. It just dump now due to cancellation of fork,  new news might come out without us noticing it.

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[thinair]

As I have said earlier, I will not post here again (because of a deletion to a post of mine) to comment on bitcoin or to make prediction of bitcoin prices.

The following is an exercise in curve fitting, fitting an exponential curve (y = A exp(kx)) to the price data of bitcoin in the recent 1 year using simple regression analysis. The curve is extrapolated into the future. I do not comment if such a curve fitting is of any use. Readers may decide if such a curve fitting extrapolation means anything.   

Data: coindesk.com 1 year data, number of points = 20;

2016/10/6/611
2016/11/19/751
2016/12/26/903
2017/1/26/915
2017/2/26/1180
2017/3/16/1173
2017/4/23/1284
2017/6/1/2452
2017/6/28/2584
2017/7/31/2873
2017/8/26/4387
2017/9/10/4191
2017/9/13/3874
2017/9/28/4185
2017/10/12/5439
2017/10/24/5519
2017/10/31/6447
2017/11/9/7146
2017/11/15/7280
2017/11/16/7843

a = 6.20708, 
A = exp(a) = 496.249,
k = b = 0.006371,
Exponential fit: y = A * exp (k * x);
start point x[0] -  2016/10/6, 611
last point x[406] - 2017/11/16, 7843

Extrapolate by number of days:

days 0, 2017-11-16, $6593
days 10, 2017-11-26, $7027
days 20, 2017-12-6, $7489
days 30, 2017-12-16, $7982
days 60, 2018-1-15, $9663
days 90, 2018-2-14, $11699
days 120, 2018-3-16, $14163
days 150, 2018-4-15, $17146
days 180, 2018-5-15, $20758
days 210, 2018-6-14, $25130
days 240, 2018-7-14, $30424
days 270, 2018-8-13, $36832
days 300, 2018-9-12, $44590
days 330, 2018-10-12, $53983
days 360, 2018-11-11, $65353
days 540, 2019-5-10, $205750
days 720, 2019-11-6, $647755
days 900, 2020-5-4, $2039305
days 1080, 2020-10-31, $6420272
days 1260, 2021-4-29, $20212711
days 1440, 2021-10-26, $63634949
days 1620, 2022-4-24, $200339607
days 1800, 2022-10-21, $630721933

[PokerFace3]

There was a rumour on zerohedge today that the reason bitcoin bounced back up from $5600 was some big hedge funds deciding that this was the time to buy bitcoin. See

http://www.zerohedge.com/news/2017-11-13/mysterious-bitcoin-dip-buyer-identified

While this big money moves in (perhaps stung that they missed out the $1000 - $7000 rise this year), bitcoin's price is supported.

What happens next depends on whether bitcoin's rivals can gain usage for their coins.

The truth is that there are so many investors waiting for those opportunities.
Zero hedge may have been fast enough to quickly pick it up, but there are so many people on ground waiting for that moment as well, which is more like, a first come first serve thing.

That is the level of support bitcoin is gaining and there are so many top players looking to buy at a good price since that is the best they can get it and that is what makes it more fun.

[senne]

I don't see that scenario occurring anytime soon now. Even though Bitcoin dropped by 29% it was destined to reach to its all-time high in the near future and the same thing happened. Now that the BCH nonsense is under control Bitcoin has reached up to $7928 reaching to its all-time high of $8000.
Bitcoin will not crash by $3000 now, I think the people who were speculating such things were just panic.

[Stedsm]

Why did you create this thread when you already had the same kind of topic where your clear intention was to make people believe that "it peaked near to 7500" which is already proved wrong since BTC crossed 8k today itself? Are you trying to make others sell in profit or make them lose out on the opportunity itself? I don't know what do you take holding as, but it's like a penance of a sage and investors are those sages who have the courage to wait longer that you can't, as you can't resist to take out your "profits". They must be taking turns to get out in profits but markets are not being run by some 3-4 guys alone who possess xxxxx BTC with them as the effects of major public has increased since the users are highly demanding it.

If you are so good at taking profits, predict the best possible points for the buy, sell and buy back areas here for the next 3 months and we may follow.

[tunctioncloud]

Time is proving you wrong. I hope no one have followed you. It is true I would never have thought the price rise would so quick after the Bitcoin Cash failed pump, but still, who could have believed Bitcoin price would go down so much ? Frankly 3000$ are part from ancient times now.

[Omega Weapon]

Time is proving you wrong. I hope no one have followed you. It is true I would never have thought the price rise would so quick after the Bitcoin Cash failed pump, but still, who could have believed Bitcoin price would go down so much ? Frankly 3000$ are part from ancient times now.

True it is very unlikely we are ever going to see that price again, it is just part of history but at the same time it is kind of funny, for a long time people wanted to reach 1000 again and since then we had non stop growing, we did not had much time to hope for bitcoin to reach 3000 or 4000 since it only took bitcoin a few weeks to surpass those prices.

[BitHodler]

I hope no one have followed you.

That dude didn't do anything. He's just trying to troll people by convincing some noobs to sell their coins due to their insecurities regarding this market. The biggest troll of this section without a doubt is kwukduck.

While he makes himself look like someone being anti Bitcoin, he actually is quite bullish. People think he sold his coins back in the days, but this dude rides this market in a smart and efficient way.

He just creates a thread, drinks a beer, and enjoys how people go nuts against him. He has a big mouth for sure, but behind all his fake negativity and trolling, hides a person being super confident in Bitcoin.

[thend1949]

Time is proving you wrong. I hope no one have followed you. It is true I would never have thought the price rise would so quick after the Bitcoin Cash failed pump, but still, who could have believed Bitcoin price would go down so much ? Frankly 3000$ are part from ancient times now.

True it is very unlikely we are ever going to see that price again, it is just part of history but at the same time it is kind of funny, for a long time people wanted to reach 1000 again and since then we had non stop growing, we did not had much time to hope for bitcoin to reach 3000 or 4000 since it only took bitcoin a few weeks to surpass those prices.

Well that's good and as we have to deal with the current trades right now, most of the hodlers were no exited of the price while it had developed good outcome. The signs of even more price surges is now beginning, that's why reality now come to possibility for the bitcoin economy to rise of its economy and became a popoular currency around the world. Now we are going to surpass the said fork and will pump until $10k this year end.

[hh4mmm]

This can't happen, even to the lowest part it can never go down just like that, hope you saw the variation and the years interval this shows that it is booming and is going high and higher watching the exponent (2016/10/6/611 and now is 2017/11/16/7843 which is almost 8000).

[Toden1379]

There’s always a chance it may go down because of its volatility but that really depends on the market and current trades

[wuvdoll]

Bitcoin below $3,000 is very hard to achieve, even after the recent buzz created by Bitcoin Cash; Bitcoin still stands strong in the market it was expected that it may crash to $5,700 which eventually happened but Bitcoin value is again $6,000+. Bitcoin crashing below $3,000 is only possible under harsh conditions when everything goes against Bitcoin like ban on Bitcoin in countries, user base declining due to rumors, ICO ban and so on but over all reaching such a dip can be very harmful for the market. 

but nevertheless we are witnessing a completely different trend in the world of crypto currency. popularity is growing and with it many countries are starting to work with bitcoin and with its technology. let it not mean real legalization, but it already says a lot.

This increase in popularity and so many huge investors wanting to come in is what is making the bitcoin community to keep getting strengthened and for values like what is stated by the OP impossible.

So far so good, as we have broken the resistance blocking us from moving forward, I am envisaging a bull run right now. Legalization to me is not a threat but a welcome development as it would create awareness, but that does not give government control over the currency itself.

[culuuton]

I also want to know when will crash below $3000 but unfortunately I don't know and you also don't know. I believe bitcoin won't less $5000.

[lienfaye]

I also want to know when will crash below $3000 but unfortunately I don't know and you also don't know. I believe bitcoin won't less $5000.

Yeah, we cant predict exactly when will the bitcoin price drop with that amount but i think in the current status of btc its unlikely to happen. Even recently there are some coins increasing (bch in particular) the price of bitcoin remain around 5k$-6k$ and now its back on track again and continue increasing as day passes. Investors already know that btc price can crash or skyrockets, so op dont need to remind everyone for the possible situation that can occur.

[RAmondragon]

It can either go down or up, who knows. But everyrhing is a risk. Its all up to the market. And the market has a lot of players. Bitcoin is really unpredictable, just need to observe.

[1Referee]

I believe bitcoin won't less $5000.

If there would be a moment where the market had a chance to tank below the $5000 level, it would definitely be at the time the 2X hard fork didn't go through - looking back, it didn't manage to do so. People have to adapt to this situation and plan their next actions thoroughly, because this market doesn't wait for people to hop on board. It's either you do it now, or do it at much higher levels later. If people were smart enough to buy at sub $1000 level and keep holding till now, they would just enjoy the ride up, and didn't had to make the decision to enter the market right now. However, we're basically in the same situation right now - sub $10,000 levels will next year be something of the past, so don't let this opportunity slip.

[margarete11]

I also want to know when will crash below $3000 but unfortunately I don't know and you also don't know. I believe bitcoin won't less $5000.

Yeah, we cant predict exactly when will the bitcoin price drop with that amount but i think in the current status of btc its unlikely to happen. Even recently there are some coins increasing (bch in particular) the price of bitcoin remain around 5k$-6k$ and now its back on track again and continue increasing as day passes. Investors already know that btc price can crash or skyrockets, so op dont need to remind everyone for the possible situation that can occur.

I agree there was actually large sell walls at the moment so I don't think that bitcoin would crash below $3000 value , I actually speculating that bitcoin will reach $8000 before this year end

[Bitsurfer333]

BTC the real king jump out to a new all time high 8000$. Nothing expect the state could regulate the price.
It will arrive end of this year on 10k for real

[Jating]

I also want to know when will crash below $3000 but unfortunately I don't know and you also don't know. I believe bitcoin won't less $5000.

We want to know when its gonna crash below $3000 because we really want to buy in those dips and stack up and accumulate bitcoin more in our wallet. Sadly, it won't happened because bitcoin is reaching $8000 now. And to the OP who posted this, he also didn't know because he is a complete troll and maybe a paid bitcoin cash shill.

Bitcoin will never go down to the levels of $3000 or even $4000 because people will start to buy on those kind of dipping. Its a good entry specially new faces who wants to have bitcoin to either hold on it long term, or just simply having it and make profits in their part.

[sukamasoto]

BTC the real king jump out to a new all time high 8000$. Nothing expect the state could regulate the price.
It will arrive end of this year on 10k for real

If you see the current situation , yes, it's difficult for bitcoin to crash into $ 3000 but bitcoin is being develop by unique and complicated code/algo so it may have a chance that bitcoin able crash for somehow that we can't even expect that happen