Bitcoin going to $400

[First77]

Giant ponzis do not run for more than 10 years. At $600,000,000,000 invested in Bitcoin the money supply has dried up. Bitcoin has crashed from $20,000 to $12,000

and high profile people calling Bitcoin a giant scam there is ever increasing risk of international police raiding Bitcoin mines

[Dapper]

As long as it doesn't go to $399, I'm happy.

[Markzuckertion]

Do not be hasty to judge, it's not about the price of bitcoin up or down. It's about what the benefits from Bitcoin that we can get. Bitcoin is still better than bank service and other type of investment. Bitcoin is still the best in term of transaction and still profitable as investment.

[dafew]

Giant ponzis do not run for more than 10 years. At $600,000,000,000 invested in Bitcoin the money supply has dried up. Bitcoin has crashed from $20,000 to $12,000

and high profile people calling Bitcoin a giant scam there is ever increasing risk of international police raiding Bitcoin mines

Yeah, this is generally correct. But to go to $400 would take maybe some years. The next dip is expected to be around 8-9k soon by some analysts.

[Lingqingyi]

I don't think that's possible. If bitcoin fell to $400, it would mean that bitcoin's private key could be cracked, it wouldn't have fallen so low.

[NewDawn_rises]

Is capitalism not just one big ponzi scheme?

[Dapper]

A skilled business person can make a profit no matter what is happening in the market.   It's those who are just sitting around waiting for something to happen, praying, wishing, etc... these are the people who suffer.

[BitCoinKeeper]

The FUD is strong in this thread. Not one bit of truth to this. In order for crypto to fall to the level the scare mongers in this thread allude to every exchange would have to buckle, Core would have to have been breached and that is simply has not happened. Yes, a couple exchanged were raided for not paying their taxes, and some were arrested. This is FUD ....nothing more.

[aakriti]

Bitcoin may not down up to $400. However the investment in BTC is more risky. The government's are trapping BTC mining because so many countries are not able to control the investment.

[Baimovic]

I do not understand why bitcoin is becoming more frequent down, but I'm not saying that this is a big scam. I say that bitcoin king currency, I just believe and sure baha bitcoin will rise again.

[Suharti12]

Do not be too worried about the bitcoin price cut right now, it's just temporary and be patient to wait for bitcoin to go to the moon to reach higher than the departure in 2017 yesterday and I do not think bitcoin will ever die.

[rommelzkie]

Giant ponzis do not run for more than 10 years. At $600,000,000,000 invested in Bitcoin the money supply has dried up. Bitcoin has crashed from $20,000 to $12,000

and high profile people calling Bitcoin a giant scam there is ever increasing risk of international police raiding Bitcoin mines

The FUD awakens.

If you cant handle the bitcoin and altcoin price fall then don't trade, buy tokens nor use bitcointalk anymore. If bitcoin is a scam or ponzi then dont read the news  and updates about it. Just leave it alone because it will make you insane i assure you.  

[tonysitaly]

That's a lot of exaggeration. At any point, the price of bitcoin is unlikely to fall to $400 in a few years. Severe volatility is a must, but look at the development of the community now, and understand the number of people entering the encrypted money market every day, it can be judged that the price is a joke.

[RobertoMakeli]

Giant ponzis do not run for more than 10 years. At $600,000,000,000 invested in Bitcoin the money supply has dried up. Bitcoin has crashed from $20,000 to $12,000

and high profile people calling Bitcoin a giant scam there is ever increasing risk of international police raiding Bitcoin mines

you remind me the year 2013, I started to mining bitcoin with more than 100 machine, bitcoin price around 400-500$, i hope its price could increase to 800-1000$ at least 6-8 months later. But not, its price went down less than 200$ and I've bankrupt. I have to sell all my machine and all bitcoin I have. So sad and so regretful

[ballerin and giroud]

So far in my knowladge that bitcoin prices are determined by various rumours that happen. If more and more the negative rumours about bitcoin then the price will have a decrease. Otherwise if many positive rumours to bitcoin then the price will rise.

Well, which happening now is, many more the negative rumours that fall on bitcoin, like Microsoft that no longer use bitcoin as their payment tool. And CEO JP Morgan's assertion that cryptocurrency will be regulated by the government.

So, that's exactly why the bitcoin and altcoin prices are down this week. Back on your qustion, my answer is bitcoin could have dropped to $400 if negative rumours arrive against bitcoin. And otherwise bitcoin prices will rise if positive rumours arrive at bitcoin.

[btccointalk]

Do not be hasty to judge, it's not about the price of bitcoin up or down. It's about what the benefits from Bitcoin that we can get. Bitcoin is still better than bank service and other type of investment. Bitcoin is still the best in term of transaction and still profitable as investment.

I agree with your point.

[ronnis.gomes]

The crypto arket is very volatile and moves according to the News. It they are good or indifferent, the market tends to rise, otherwise the market falls without mercy or pity. But in a way this is good, because it prevents a pyramid from being formed, since no asset can rise indefinitely

[BitCoinKeeper]

So far in my knowladge that bitcoin prices are determined by various rumours that happen. If more and more the negative rumours about bitcoin then the price will have a decrease. Otherwise if many positive rumours to bitcoin then the price will rise.

Well, which happening now is, many more the negative rumours that fall on bitcoin, like Microsoft that no longer use bitcoin as their payment tool. And CEO JP Morgan's assertion that cryptocurrency will be regulated by the government.

So, that's exactly why the bitcoin and altcoin prices are down this week. Back on your qustion, my answer is bitcoin could have dropped to $400 if negative rumours arrive against bitcoin. And otherwise bitcoin prices will rise if positive rumours arrive at bitcoin.

It never hurts to keep up with current events, or at least attemp to be informed.

[Shinpako09]

It's way too low and may take some time to be in that price. For sure what's happening right now is just another obstacle that btc needs to pass and pretty sure btc can. Though it's a good opportunity to buy that we haven't did before and we will have a chance again, it may still hurt to see the price fall as low as that. Hope not.

[Typogre12]

Giant ponzis do not run for more than 10 years. At $600,000,000,000 invested in Bitcoin the money supply has dried up. Bitcoin has crashed from $20,000 to $12,000

and high profile people calling Bitcoin a giant scam there is ever increasing risk of international police raiding Bitcoin mines

Another FUD again, well we can see a lot of this thread this days because of what's happening in bitcoin. But in my opinion, this sudden hurdle the bitcoin is facing isn't negative at all. Right now, we can buy BTC at low price because I am certain it will grow back again.