$800-$4000 will be the bottom.

[sgbett]

I think you are on the money, though I think the lowball figure is just too low, $3-4k but we are talking months of grind to get there.

n00bs gon' find out all about what it means to HODL.

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[LazerViking]

I think you are on the money, though I think the lowball figure is just too low, $3-4k but we are talking months of grind to get there.

n00bs gon' find out all about what it means to HODL.

yup I agree.  I think the other guy's prediction of $1850 is closer to reality.

[73blazer]

I really don't believe this to be a "drop" in bitcoin price. It's simply a correction back to where it really should be, when you see it rise from $5k to $20k in a matter of weeks...all amid a very crappy transaction throughput and fees with no real fix in sight, .you KNOW it was just quickie investors and of course then a drop is coming, that simply is unsustainable growth in any sector anyway.
I would say, based on where it started going nuts (about the same time as futures trading was announced), price will stabilize around $6-8k.
All my math pans out so long as price doesn't go below $4 or 5k....so, I'm still quite happy, i've never actually bought bitcoin from cash, it's always been mined or paid to me, but I may buy some soon!! The only time I used an exchange was to cash out free BCH. If your math was based on $16 or $20k....i'm sorry for you, but...that's just silly based on where it was just a few weeks ago.
As the old time expert investors say, humans are wired to buy when it's going nuts and bail out when it's dropping, exactly the opposite of what any good investor does. Besides, if your holding bitcoin as a means of investment alone...that may be a mistake in it of itself and at the very least with the past history of extreme volatility, you need to be fully prepared to lose your investment and not get upset about it....   Just my 2 satoshis  

[NiceSoft12]

If it follows previous patterns, than it could hit $500 - $4000

[BitHodler]

n00bs gon' find out all about what it means to HODL.

There are hodlers and there are HODLERS, and I fit in the latter category. I haven't been cashing out anything, and yes, I was aware of the fact that the market would likely go down significantly.

I just don't want to part with my coins, and for that reason have set my target on accumulating when the market starts to plummet, and my first score is today at the $11,500 mark, which I am very happy with.

For now I am done buying because I don't expect the market to go down below the $10,000 mark, but if it does, I will strike again, probably at $9000ish levels. I don't think I will get much sleep today.  

[Hazir]

This is the result of FUTURES which everyone welcomed. Thanks to the futures now traders can SHORT and now the game is being played on both ends not just BUY.

In any case, lightning network implementation will take BTC to the next level. Its better to focus on the technology and adoption itself than what exchanges and traders are up to.

I am kinda out of the loop recently. Is there any ETA of any serious date when we might see LN implementation.
Is it even possible to have LN for bitcoin, considering this is not something that miners (who profit more from heavy traffic and on-chain transaction) would endorse.
Bitcoin is becoming ridiculous with high traffic, congested network, high fees and random spikes of spam transactions.

[bhadz]

$800 seriously? I think that's really low to see bitcoin getting back there.

I don't think I will get much sleep today. 

You're not the only one that will get that much sleep for today. I've been checking the price every now then and this is what I get. Well at this time we can't do something but just to be calm, don't be tempt to sell and endure until the end. There will be some light on February or at the end of January.

[spazzdla]

I'm a try to catch that knife anyways.. despite my better judgment lol

[Enjel]

$8000 should be the bottom after a bit of panic-selling, and then the price will shoot straight up to 5-digits and we'll never come back down below that again.

At least that's according to masterluc.. and this guy never gives you certain predictions unless he's very positive of them. So that's who I'm trusting.

We are actually in a reverse bubble right now - we have Wall Street shorters (who will close their shorts.. and then what..? Then they will pump Bitcoin back up again!), Asian tax time, and a lot of irrational FUD going on in the market.

When you have such tiny adoption of crypto, massive growth is to be expected.

If you think about the market cap of Bitcoin, you'll find that, as an international store of worth, it's just too low. Less than a trillion dollars of crypto market cap (most of it backed by thin air, so it's even lower)? That's just too low!

People need to start realizing that it's not 2013 anymore. We are mainstream now, and too many people know about this stuff.

[aardvark15]

A wide range but all this talk about $11k being the bottom.. tsk tsk tsk.  Way to many bulls left.  Once we see thee perma bulls slaughtered and left for the vultures, then and only then well the market steady out.   

If we see the price of Bitcoin drop to $1000, I will be taking out a loan to buy as much as I can. That would be a steal to get in at that price. We would be almost guaranteed to make 100 time that in a couple of years. I still haven’t bought yet because I think it could drop more.

[lufrkon]

Well, sorry guys but bottom time is over 

[Enjel]

Well, sorry guys but bottom time is over 

We don't know that. I'm predicting one more shot down to $8000, and then we will never go below 10k again.