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Author Topic: The rally will eventually end with a dip to at least $5.5K //3K  (Read 2123 times)
proudhon
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December 05, 2017, 02:01:21 AM
 #21

I dont know how high it will go but that is how low it will go. Just a humble call made purely via pattern extrapolation. Since you so strongly believe it will not happen, that is exactly why it's going to happen. I have no further arguments.

You are vastly underestimating how low it's going to go. By a lot.

Bitcoin Fact: the price of bitcoin will not be greater than $20k for more than 30 consecutive days at any point in the next 5 years
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December 05, 2017, 02:08:27 AM
 #22

You are a newbie, why we should trust you? You are just a scumbag who has been posting trash in the forum to join a signature campaign.

The '2' is a clue of a hacked account returned in a different form.

https://bitcointalk.org/index.php?action=profile;u=149230

This poster has been here for years and correctly called the post 2013 crash. I have no idea whether 3 grand is at all realistic but they'll have more clue than most of us.

Good call..

I also agree with the OP but I hope it's more like 5-7k area though if the lowest it will ever go from here is 3k then I'm happy with that..

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illyiller
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December 05, 2017, 02:11:28 AM
 #23

Bitcoin will never fall under 5k again. Those days are gone. Too much new money, adoption, and growth.

Why? Anytime I've ever seen anyone make a comment like this, they were dead wrong. People with that attitude bought at $800, $600, $400 and ridiculed bears for two years before the market finally bottomed in 2015.

The bottom is always much lower than you can imagine, which is why disbelief is so strong once the market starts rallying again. Bitcoin was growing exponentially back in 2013 too, and we still returned to the mean.

I don't know about $3000, but I wouldn't rule it out.
babanana
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December 05, 2017, 02:24:59 AM
 #24

Bitcoin will never fall under 5k again. Those days are gone. Too much new money, adoption, and growth.

Why? Anytime I've ever seen anyone make a comment like this, they were dead wrong. People with that attitude bought at $800, $600, $400 and ridiculed bears for two years before the market finally bottomed in 2015.

The bottom is always much lower than you can imagine, which is why disbelief is so strong once the market starts rallying again. Bitcoin was growing exponentially back in 2013 too, and we still returned to the mean.

I don't know about $3000, but I wouldn't rule it out.

I beg to disagree. 2017 is not 2013. what more is 2018. Back then, there were only a few of us in this forum and people perception of bitcoin was nothing  but a scam.
People are getting aware. The greed of a few back then will not reflect this time.

There's no other way but up. Look at the trade stats. Where is is coming from, where are the volume? I feel sorry for those who want to buy at 1k, 2k, 3k, 4k but hesitated. This wont go back that low.
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December 05, 2017, 02:47:18 AM
 #25

BETI analysis suggests this rally’s upper limit should fall somewhere between $12K USD and $40K USD prior to a pull back around $6-6.5K USD within the next 3 months.
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December 05, 2017, 03:36:13 AM
 #26

I really would like to know how you arrived at your conclusion. I mean it could happen and bitcoin could go back to 3000$ but that doesn't mean your calculation was correct.
I picked 3K because it was the last significant horizontal support - the crash likes to end at previous horizontal supports (after wiping out 90% of gains). The support at $5K was too short and not low enough. I really wanted to pick the $2K support but because of how much Bitcoin has changed and matured yada yada and mainly because of how slow the rally has been, I'm ultra-generously giving it 3K. Its going to be phenomenal when we end ONLY at 3K at preserve an entire 200% gain like never before. Theres a small chance of 5K too, I guess, since there WAS a support there. I'd say it's dropping to AT LEAST 5K, PROBABLY 3K, and possibly 2K.

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December 05, 2017, 03:49:38 AM
 #27

You are a newbie, why we should trust you? You are just a scumbag who has been posting trash in the forum to join a signature campaign.

The '2' is a clue of a hacked account returned in a different form.

https://bitcointalk.org/index.php?action=profile;u=149230

This poster has been here for years and correctly called the post 2013 crash. I have no idea whether 3 grand is at all realistic but they'll have more clue than most of us.


He also screwed up basically all calls after that  Roll Eyes
I think there should be an old bitcoiner disease called mtgox post traumatic stress disorder, where you keep making predictions of btc going to 500$ or 1000$ (note, he said 'at least 3000')
I dont get any get any credit for my good calls. In 2014 I drew a chart with a 2 year retracement with a bottom around $300 before recovering at hitting ATH. Everyone thought it was super bearish and laughed me out. In 2015 after the breakout to $500 I said the market had reversed and the bear market was over but there will have to be 35% dip first  over several months before the next leg. Both bulls and bears were laughing at me.

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ragnar0k
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December 05, 2017, 04:15:59 AM
 #28

You are a newbie, why we should trust you? You are just a scumbag who has been posting trash in the forum to join a signature campaign.

The '2' is a clue of a hacked account returned in a different form.

https://bitcointalk.org/index.php?action=profile;u=149230

This poster has been here for years and correctly called the post 2013 crash. I have no idea whether 3 grand is at all realistic but they'll have more clue than most of us.


He also screwed up basically all calls after that  Roll Eyes
I think there should be an old bitcoiner disease called mtgox post traumatic stress disorder, where you keep making predictions of btc going to 500$ or 1000$ (note, he said 'at least 3000')
I dont get any get any credit for my good calls. In 2014 I drew a chart with a 2 year retracement with a bottom around $300 before recovering at hitting ATH. Everyone thought it was super bearish and laughed me out. In 2015 after the breakout to $500 I said the market had reversed and the bear market was over but there will have to be 35% dip first  over several months before the next leg. Both bulls and bears were laughing at me.

But what about your charts lately? Didnt you predict another few bear years in Jan?
Also, lets assume it will blow off at 13k (probably a lot higher... but let's assume so). By saying 3k you are expecting a drop of 77%. This never happened in bitcoin... And if we get to 25-40k, it would be even higher! Everything is possible in crypto though, will be happy to come back to this topic and apologize if I am wrong, I am just questioning your data
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December 05, 2017, 04:54:57 AM
 #29

You are a newbie, why we should trust you? You are just a scumbag who has been posting trash in the forum to join a signature campaign.

The '2' is a clue of a hacked account returned in a different form.

https://bitcointalk.org/index.php?action=profile;u=149230

This poster has been here for years and correctly called the post 2013 crash. I have no idea whether 3 grand is at all realistic but they'll have more clue than most of us.


He also screwed up basically all calls after that  Roll Eyes
I think there should be an old bitcoiner disease called mtgox post traumatic stress disorder, where you keep making predictions of btc going to 500$ or 1000$ (note, he said 'at least 3000')
I dont get any get any credit for my good calls. In 2014 I drew a chart with a 2 year retracement with a bottom around $300 before recovering at hitting ATH. Everyone thought it was super bearish and laughed me out. In 2015 after the breakout to $500 I said the market had reversed and the bear market was over but there will have to be 35% dip first  over several months before the next leg. Both bulls and bears were laughing at me.

But what about your charts lately? Didnt you predict another few bear years in Jan?
Also, lets assume it will blow off at 13k (probably a lot higher... but let's assume so). By saying 3k you are expecting a drop of 77%. This never happened in bitcoin... And if we get to 25-40k, it would be even higher! Everything is possible in crypto though, will be happy to come back to this topic and apologize if I am wrong, I am just questioning your data
I made a chart where it went flat at 1000->800 for a year before spiking to the moon. Not really that bearish.

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thaiphoon
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December 05, 2017, 05:40:57 AM
Last edit: December 05, 2017, 06:19:37 AM by thaiphoon
 #30

Mark it on your forehead: Bitcoin will never, ever go down to $3'000! It is presently at $11'650 and just doesn't want to go down, in order that I can buy back.
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December 05, 2017, 06:33:19 AM
 #31

Anyone who's been around since 2013 or earlier knows we will be back to $3k eventually.

Before proceeding upwards to $100K followed by a crash to $30K. If you short at $100K just don't make the mistake of waiting for cheap $20K coins because that won't happen.

What? A peak to $100,000 and a 70% fall to $30,000? Are you sure the support will not be on $40,000 this time? We have the traders from the CME who will prevent this kind of volatility.

I believe some of them will become bald because of the stress that comes with trading Bitcoin. Hahaha.

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December 05, 2017, 06:34:59 AM
 #32

Maybe CME and their shorts will just slowly walk it up to $100K over years so there wont be a correction. This might be the end of BTC trading as we know it and its back to strictly altcoins.

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December 05, 2017, 07:13:25 AM
 #33

I dont know how high it will go but that is how low it will go. Just a humble call made purely via pattern extrapolation. Since you so strongly believe it will not happen, that is exactly why it's going to happen. I have no further arguments.
I believe that the lower it can go for now is $8,000 and this may not even happen as the market has a great potential to go as high as $500,000 in three to five years to come. $3,000 will completely kills bitcoin as people will sell all their holding out of panic. I expected this bullish momentum to last through out next year and more positive event are coming up lately and many people all over the world are becoming aware of bitcoin and others cryptocurrencies
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December 05, 2017, 07:21:22 AM
 #34

$3k is really a low amount to speculate for a dip, as there are no signs that market could fall to such an extent. Also, according to me this can happen only under one phase if every country boycotts Bitcoin and then making Bitcoin value to very low point like $3k.

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December 05, 2017, 07:21:32 AM
 #35

It went from 1200 to under 200
It can go from 12000 to under 2000

And if it does, NO, bitcoin isn't dead..

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December 05, 2017, 07:24:38 AM
 #36

Huge dip? Yes there will be one
3k? No, not without some really really bad news. Even if all the governments of the worlds ban bitcoin, it will still be traded.
A price more realistic with the current movements I would say around 7k is the lowest it will go and that is already a long shot in my opinion.
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December 05, 2017, 07:24:51 AM
 #37

$3k is really a low amount to speculate for a dip, as there are no signs that market could fall to such an extent

No signs like the entire price history of bitcoin doesn't show it happening over and over and over the same way since it's very first pump?

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December 05, 2017, 07:29:28 AM
 #38

It went from 1200 to under 200
It can go from 12000 to under 2000

And if it does, NO, bitcoin isn't dead..
A normal scenario that we all going to enjoy just in case things like this will happen, I know that most of us here are also waiting for much lower value
to place a much bigger entry and just in case for the sake of arguments and it happen and bitcoin falls hard I still believe that many investors will grab
that opportunity and it will quickly bounce back.

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December 05, 2017, 07:45:55 AM
 #39

OP, and add this sentence to the title, "Then that will be another opportunity to buy more!". Thanks.

It would be nice of Mr. Market to give some of us another chance to join the ride to the moon. Hehehe.
Oh great! And I just love that. It is OP's point of view but it is funny that people still believe something like this can ever happen. Firstly, the reason he gave for the price to get that low is not even a reasonable one. The fact that people strongly believe that the price will never get that low, is what is making the market matured than it used to be and like you said, most people believe that any little drop now is a chance to quickly buy more, and with that, how can the value ever get to $3000?
 
If it happens even before then, I would have started buying at every $2000 level drop in value and I can imagine the number of people who are looking forward to moments like this. As far as I am concerned, $3000 is far from it, more like a dream that can never come true and for those who are comparing 2013 to this moment, maybe they really need to know more about MtGox https://en.wikipedia.org/wiki/Mt._Gox
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December 05, 2017, 08:44:14 AM
 #40

I dont know how high it will go but that is how low it will go. Just a humble call made purely via pattern extrapolation. Since you so strongly believe it will not happen, that is exactly why it's going to happen. I have no further arguments.

A dip of $3k won't break too many hearts. It is just going down to where we were a month back. What also matters is when this dip occurs. If the retrace is from $20k to $17k, I would care two hoots about it.
The debut of Bitcoin futures should be interesting. Let us see if short-sellers get involved.


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