Can bitcoin drop to $3000?

[InvestPro100]

I think that bitcoin can drop to a maximum of $ 5,000, but this is also unlikely. Most likely it will grow to 10,000 dollars.

[TangentC]

Can bitcoin drop to $3000?

If it enters a death spiral , it can go to ZERO.

[hadveach]

I do not think that's possible. because the bitcoin price is now at $ 7500, If it happens hardfork, I predict it will only drop $ 1000, then after that will rise again.
I like the bitcoin price at the moment, especially if I have bitcoin in my wallet.

[krulviper]

I do not think it's likely to happen. because of the higher bitcoin demand. and in my opinion it will make bitcoin not go down too far, even though bitcoin price goes down, it will rise again and higher than previous price,

[mondobitcoin]

All is possibile in this strange crypto world
But i think that the price can't drop to 3000$ , as we can see the price is growing up again (almost 8000$)
Maybe in the next year... but i think that at the end of this year the price can reach 10.000$

[Mila888]

In the cryptomir everything is possible, you need to be prepared for any outcome of events, maybe $3000 and $20,000.

[EdenHazard]

All is possibile in this strange crypto world
But i think that the price can't drop to 3000$ , as we can see the price is growing up again (almost 8000$)
Maybe in the next year... but i think that at the end of this year the price can reach 10.000$

you need a reason no matter it is about move up or crash to the lowest.

the next question are what could makes bitcoin drop to that price? lack of interest?low demands? it makes sense with that reason but again what makes people did not interested in bitcoin anymore? a mass ban? okay it might happened. but can you see all of that reason could come true so far? i don't think so , the market are bullish!

[Slow death]

Can bitcoin drop to $3000?

has many positive news and China is not as influential as it was in the past. so we will not see $3000



" Waves of good news
However, Bitcoin Cash began rapidly dropping from its nearly vertical price ascent, miners came back to Bitcoin, and the transaction backlog subsided. Bitcoin’s price began to rise, and as good news arrived, the price moves became even larger.

What good news? Well, the British hedge fund Man Group, with over $100 bln in funds under management, announced they will begin trading Bitcoin once CME’s futures market is launched. Immediately following this, Payments app Square announced its full integration of Bitcoin into the payments platform. The company stated:

“We’re always listening to our customers and we’ve found that they are interested in using the Cash App to buy Bitcoin. We're exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash App customers. We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system and we're excited to learn more here.”

Square’s market capitalization swelled from $15 bln to $16 bln following the announcement, so Wall Street is apparently just as pleased as the Bitcoin community.

Coinbase Custody
Adding to the good news, Coinbase today announced Coinbase Custody, a Bitcoin storage service intended for hedge funds that might want to invest in the digital currency. Coinbase’s announcement states:

“Over 100 hedge funds have been created in the past year exclusively to trade digital currency. An even greater number of traditional institutional investors are starting to look at trading digital assets (including family offices, sovereign wealth funds, traditional hedge funds, and more). By some estimates there is $10B of institutional money waiting on the sidelines to invest in digital currency today. When we speak with these institutions, they tell us that the number one thing preventing them from getting started is the existence of a digital asset custodian that they can trust to store client funds securely.”

The announcement continues, describing the benefits of the service:

We are designing Coinbase Custody to meet the needs of institutional clients. In particular, we feel that institutional clients require:

Strict financial controls (multiple signers, audit trails, limits, etc)
Dedicated account representatives and phone support
SLAs on funds transfers
A regulated digital currency custodian
Multi-user accounts with separate permissions
Support for a wide range of digital assets and currencies
Insurance (in some cases)
And high levels of cyber and physical security
The new service is expected to launch in 2018. "

Goldman Sachs Predicts Bitcoin Price Consolidation Around $8,000 Before Continuing Up

Bitcoin Bulls Get More Bullish, Ronnie Moas Revises Bitcoin Price Prediction

[uszaty43]

Nope, it is impossible, it is more than 60% of the actual price, if we just see that pump it means that it happened because the market has been fluctuating a lot, and probably the bubble has crashed.
but no, it is not going to reach that price because it is impossible, if it happens then everybody would lost their faith on bitcoin, and of course that all of them will try to withdraw their bitcoins because they are scared about the situation, and it means that it will still drop more.
But no, it is not going to happen because we are still going up at the moment, and it is a not-stop situation.

[haroldtee]

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 happy you already assumed it to be your imagination, because there are just some things we do wish for, but we know right in our minds that it is so impossible as the chances of getting them are extremely low.
If anyone is wishing for $3000, do you know the number of people on ground right now wishing someone could mistakenly dump theirs for just $5000. That is the fun and the reason why you should forget about $3000. If you see at $6000 right now, you should better grab it with speed.

[Bagaji]

Can bitcoin drop to $3000?

Despite the fact that every thing is possible in crypto currency i don't believe that Bitcoin market value Will decline down to  $3000 before end of December this year. But rather it will continue to increase to maybe  $10,000 before end of December this year.

[bakkang]

Can bitcoin drop to $3000?

No bitcoin wouldn't drop to 3000$ because it will continually increase. Bitcoin now is increasing up to 8000$ so I don't think so that it would drop to this lowest price. Just be positive always that bitcoin will continually increase.

[DaMut]

if we're talking about the possibility,
of course it can hit that level or even worse than that.
but if we're looking at the fact right now,it's very unlikely because right now the demand ridiculously high.
which mean when the price is dropping,people will treat it as an opportunity to get into it.
also Bitcoin has its own usability compared to other and have its own advantage,
other than that goverment trying to regulate their exchanger,
that mean they're also trying to get involved into it and if something will happen they will make a move.
so in the end the chances to see it around $3000 is nearly zero,but it still has a possibility.

[josealerav]

Yes , of course everything is possible , if for now Japan won't accept Bitcoin in payment anymore i'm sure with you Bitcoin will drop the price at 3k$ .

[jossiel]

Can bitcoin drop to $3000?

There's a possibility but it's unlikely going to happen at this rate. Bitcoin has a strong demand now since it was covered and discussed through mainstream medias all over the world.

Even there's a possibility, I doubt it that it will be dropping back again at $3,000. I'm not even thinking that it will be dropping back at $4,000 nor $5,000 even it was seen at $5,900 together with the bitcoin cash pump.

Bitcoin is the best coin to invest and in the future it's value will extensively grow and no one can stop it even the banks.

[Lieldoryn]

Bitcoin price to 3000 dollars seems like a joke. It seems to me that the initiators of such fakes do not think about validity. They just clog up all media fakes. The true supporters of bitcoin this does not work but all the newbies who just started to try to use bitcoin panic and sell their coins. They always become easy prey for the whales.

[DonFacundo]

nah it will never drop to $3,000 that's impossible, many people are using bitcoin now ,if you see the bitcoin price right now, that's proven that many are bitcoin users around the world and its still increase in a month.

[hicaribou]

Can bitcoin drop to $3000?

There's a possibility but it's unlikely going to happen at this rate. Bitcoin has a strong demand now since it was covered and discussed through mainstream medias all over the world.

Even there's a possibility, I doubt it that it will be dropping back again at $3,000. I'm not even thinking that it will be dropping back at $4,000 nor $5,000 even it was seen at $5,900 together with the bitcoin cash pump.

Bitcoin is the best coin to invest and in the future it's value will extensively grow and no one can stop it even the banks.

Yes, i cant imagine it at all that it will hit $3000, what people think when they see it is a damn cheap bitcoin, even if it only touch $4000.

[hase0278]

Yes, i cant imagine it at all that it will hit $3000, what people think when they see it is a damn cheap bitcoin, even if it only touch $4000.

I can imagine it. The scenario that I imagined when this happen is the hacking of many major exchanges now like what happened to mt. Gox but it is impossible to happen soon. Another scenario that I imagine is a scene similar to the last one but instead of exchanges being hacked, it would be massive hacking of wallets but like the other scenario, ot other bad news that will affect btc market on a major scale, but it won't happen soon. Like you said though, it would just be a good entry point and rebuy point for all of us.

[onyek16M]

Can bitcoin drop to $3000?

its possible, but for now is difficult.. the bitcoin price always jump to up and maybe i think the next years will be up to $10000
looks like crazy but its true