Bitcoin could go to $1,140... call me crazy

[TheGodson]

In the past Bitcoin has done all sorts of crazy stuff. Going up 50% down 30% up 150%. All sorts of crazy things. It has even gone down 94% from ATH. Yes, crazy as it sounds. It has done this. Since Bitcoin's ATH was roughly $19,000, a 94% drop would equal about $1,140. I really hope this doesn't happen, but it could. This is probably a worse case scenario. (Well worse case scenario is it going to near $0, but this is a very very low probability imo).

On a positive note it could turn around and go up way past 20k. I think it'll be awhile before that happens though.

I am Hodling though. Bitcoin is quite a roller coaster ride and it is very unpredictable.

P.S.
I am very pleased to see BCH lose tremendous value in comparison to BTC. Boooo BCH.

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[keithieY5]

bitcoin lost 150% in the past because No demand.

today every one know bitcoin and many ready to invest in bitcoin even price was 1000$.

will stable soon

[HongKong]

In the past Bitcoin has done all sorts of crazy stuff. Going up 50% down 30% up 150%. All sorts of crazy things. It has even gone down 94% from ATH. Yes, crazy as it sounds. It has done this. Since Bitcoin's ATH was roughly $19,000, a 94% drop would equal about $1,140. I really hope this doesn't happen, but it could. This is probably a worse case scenario. (Well worse case scenario is it going to near $0, but this is a very very low probability imo).

On a positive note it could turn around and go up way past 20k. I think it'll be awhile before that happens though.

I am Hodling though. Bitcoin is quite a roller coaster ride and it is very unpredictable.

P.S.
I am very pleased to see BCH lose tremendous value in comparison to BTC. Boooo BCH.

You're not going to be right. The price won't get that far unless there is a glitch in the website that it's traded at.

[Fortify]

The only thing you can be certain of when it comes to bitcoin is: you cannot be certain of anything. There are too many variables to try and calculate the future price of bitcoin, even the best analysts in the world never predicted it would rise as this high in a year. The recent drop may scare off future speculators however, and they may have driven a large part of the increase. It also has to have a practical use and compete with payment processor networks like VISA on a transaction cost basis. Bitcoin may simply be the first instance of a successful decentralized virtual currency - but it might not be the best in future.

[vanish9]

Let me tell you that it will never happen, there is a lot of people holding bitcoins right now, and no one will let the price go to that kind of rates. Not even if the whole population dumps their coins.
You can not compare 2013 to 2017, because they are very different scenarios.

[Youghoor]

bitcoin lost 150% in the past because No demand. today every one know bitcoin and many ready to invest in bitcoin even price was 1000$. will stable soon

And what the fuck is that meaning? Are you even reading what you are posting in there?

Bitcoin lost 150% in the past because it was not even taken seriously, in 2012 -2013 everybody thought that bitcoin were like chips, or like the points that you earn on some games.

Now it is really considered as money, that is why people now pays more attention and takes care of their bitcoins, not like it happened before.

[HWG]

Yup, a good point. I think it's very, very unlikely to dip 94%, especially since the fall seems to have been arrested.

But I guess the lesson is that Bitcoin is a wild ride, and we should be mentally prepared for anything.

[socks435]

Bitcoin is volatile we do not when the price will hit that value there is no assurance that the price can increase more since the price is depends in demand and supply..
As you can see more people discover bitcoin and more people are joining to invest in bitcoin that is why the price is getting increases.
The price right now was drop just because of panic selling those new players didn't know actually what happen in bitcoin that is why they sold their bitcoin just to save their money..
$1,140 is too cheap honestly do think miners will still mining bitcoin if they seen this price i think almost all will stop mining and that price will turn to no value..
For now since bitcoin still had value why not just keep holding until you satisfied to your profit..

[pratapadityasi]

90% is too much, even for the worse crash in BTC history, no asset would devaluate that much, it could only happen if 50% of the holders sold

[exstasie]

In the past Bitcoin has done all sorts of crazy stuff. Going up 50% down 30% up 150%. All sorts of crazy things. It has even gone down 94% from ATH. Yes, crazy as it sounds. It has done this. Since Bitcoin's ATH was roughly $19,000, a 94% drop would equal about $1,140. I really hope this doesn't happen, but it could. This is probably a worse case scenario. (Well worse case scenario is it going to near $0, but this is a very very low probability imo).

Look at the bright side, then. It won't ever go below $1,000 again!

I have my doubts that we'll ever dip below the $3,000 level again, but it's true, it's a honey badger in both directions. Bitcoin (and markets in general) tend to push further in both directions than you can imagine. Best to be ready for it.

90% is too much, even for the worse crash in BTC history, no asset would devaluate that much, it could only happen if 50% of the holders sold

No, it would take much less supply than that. Look at the order books of the major exchanges. They are thin as hell! That's why the markets are so volatile.

[Chris314]

90% is too much, even for the worse crash in BTC history, no asset would devaluate that much, it could only happen if 50% of the holders sold

It could happen not if 50% holders sell, but if there's nobody left to buy. It's always ask and offer. If there's less buyers than sellers, price goes down.

[inklingzade]

It is already too well established to go to 1140, we will see crashes, peaks and valleys, but hope it doesn't go lower than 10k ever again

[CasinoBetGame]

very imposible bitcoin price can down to 1140 dollar/bitcoin
i think if accident all people can replace and move to ETH

[btcone111]

Well, what it "could" do and "most likely" to do are very different.
Of course bitcoin could go to $1140, or $100,000 or $0 - doesn't really mean anything.
What it's MOST LIKELY to do is what interests everyone.
I don't think btc most likely would go to $1140. That's that.