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Author Topic: Can bitcoin drop to $3000?  (Read 2775 times)
timcheerful1 (OP)
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November 17, 2017, 06:05:06 AM
 #1

Can bitcoin drop to $3000?
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Piercoin
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November 17, 2017, 06:06:14 AM
 #2

I guess everything is possible with BTC, the best like the worst. However, dropping to 3.000 USD can be a good thing for investors  Wink
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November 17, 2017, 06:10:37 AM
 #3

The average price at which the survey respondents said that they will sell all their Bitcoins is $196,166 per Bitcoin. This represents 30x the value of Bitcoin prevailing at the time of the survey. It is to be noted that this is the price at which the respondents will sell all their Bitcoins. Almost a third (32.62%) have sold some of their Bitcoins since they started investing. It is tempting to book profits, given how the price of Bitcoin has rallied in the last year.

Most of the respondents plan to hold their Bitcoins at least one year, with only 16.49% planning to sell sooner than that. According to the survey, 21% of Bitcoin investors plan to hold on to their coins for at least seven years, and 11.7% say they will hold the currency for 10 years or longer.
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November 17, 2017, 06:12:01 AM
 #4

Certainly not.There seems no possibility of dropping down to such a price within this year.Earlier this year,there wee two situations when it could have happened.First when china banned ICOs and took strict actions against bitcoin exchanges.Second,when BCH was vigorously pumped and miners switched to mine BCH and investors started moving to BCH.But in both the situations,bitcoin survived.So,there seems no immediate threat for bitcoin now.

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azhar700
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November 17, 2017, 06:15:33 AM
 #5

I expect it to happen at the moment, so I can buy cheaper and get more bitcoins, but I think that's just my imagination. It seems like it will not happen again, the trend is on the rise, people's interest in bitcoin is getting higher, so it seems impossible to return to $ 3000.

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ab007
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November 17, 2017, 06:16:09 AM
 #6

No certainly not seems it because it demands all over the world is increasing and people are investing a large number of bitcoins in it so it sems that price will be rising but fall to such level as you mention.
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November 17, 2017, 06:21:13 AM
 #7

Can bitcoin drop to $3000?
all possibilities may occur, the rise or fall of the bitcoin price is very likely to occur. so why not bitcoin can go down to that level
WhichIsGood
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November 17, 2017, 06:25:46 AM
 #8

If you ask me, it's possible that it could drop down to that value. It's cryptocurrency were talking about here. And all cryptos are volatile in nature. One day, its value is on the roof and then the next day it could fall down like a plane losing an engine. But if you take a look at bitcoin trend right now, I can honestly say that it is highly unlikely for it to drop down to that value. A small drop maybe, but not to that point. So for me, not impossible, but highly unlikely.  

knircky
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November 17, 2017, 06:26:18 AM
 #9

Can bitcoin drop to $3000?

It can go to 0

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November 17, 2017, 06:26:24 AM
 #10

Everything is possible but it is right time to buy bitcoin because it is cheap and it will back flying high to the moon.
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November 17, 2017, 06:29:34 AM
 #11

I expect it to happen at the moment, so I can buy cheaper and get more bitcoins, but I think that's just my imagination. It seems like it will not happen again, the trend is on the rise, people's interest in bitcoin is getting higher, so it seems impossible to return to $ 3000.
I am dam sure it's not at all possible.Why I am saying this is by seeing today price of bitcoin.It's around 7.8 .This is the imagination for all the bitcoin investors including myself.It's not possible to see 3000$ back.If it so all the investors get Happy for that, because it again raise back.

kueyen
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November 17, 2017, 07:02:16 AM
 #12

Unless major problems occur, I cannot see it falling that low. I think we are past that stage now, we should be thinking about when we will reach 5 digits.

Hexah
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November 17, 2017, 07:04:13 AM
 #13

As per the price right now I think it would be hard to go back again at that price or value. Mind me mate bitcoin value will keep on increasing.
cammie16
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November 17, 2017, 07:06:36 AM
 #14

There is a ossibility that it may happen in the near future, we cannot predict what will happen. But for bitcoins unstable pump and dump now maybe it will reach that low amount or worst lower than $3000. Lets just hope it will never happen.

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November 17, 2017, 07:11:45 AM
 #15

I think it has a small possibility, because the demand for bitcoin increases steadily, and in my opinion it will make the bitcoin price not go down too far,

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November 17, 2017, 07:14:11 AM
 #16

Can bitcoin drop to $3000?

Are you living under a rock? Did you see that the price has shoot up already? Go to bitcoin cash its not even reaching $3000 yet.

Bitcoin will not go to $3000 that price was hit already around August and I don't see anything that will influence the market to go down to $3000. So much money have been flowing in the market that every investors would go buy whatever the price of bitcoin is. Demands are increasing everyone wants to get a piece of the piece now. We are already targeting $10000 before the end of the year. So its unlikely to hit $3000.

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November 17, 2017, 07:16:35 AM
 #17

Can bitcoin drop to $3000?

A correction will come - support level may be 5k$, if that level breaks we might see 3k$ again, odds may be low for that to happen, but ill give it a solid 5-10% to happen withhin the upcoming months

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November 17, 2017, 07:17:14 AM
 #18

Can bitcoin drop to $3000?

Are you living under a rock? Did you see that the price has shoot up already? Go to bitcoin cash its not even reaching $3000 yet.

Bitcoin will not go to $3000 that price was hit already around August and I don't see anything that will influence the market to go down to $3000. So much money have been flowing in the market that every investors would go buy whatever the price of bitcoin is. Demands are increasing everyone wants to get a piece of the piece now. We are already targeting $10000 before the end of the year. So its unlikely to hit $3000.

Agreed and they will just low the price for opportunist to buy bitcoin and to maintain it in the market. Because if it goes down like that, many of the altcoin will be affected and many traders will trade their altcoin to bitcoin and it wont be really good because many bitcoin will come out from nothing.
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November 17, 2017, 07:18:26 AM
 #19

I am confused.But this time Bitcoin price is incresing.I think in December it will gose to $10000.So i think bitcoin can't drop to $3000.
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November 17, 2017, 07:21:29 AM
 #20

Happened once couple months ago... so possibly could.

But the way it is growing currently, it may never go down.

That's the crypto market place anyway, you really can't predict too much into the future.
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