$800-$4000 will be the bottom.

[spazzdla]

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.   

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[cellard]

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.   

$800 is ridiculous, we are dead at that point. $4000 is more reasoanble, but still an extremely aggressive prediction from the bear's camp... and don't be so smug about things, $10k could hold, or it may not, but $4000 is still a very pessimistic view. I mean it's possible, but I see a support line on around the $7000 as the lowest and highest risk possible in the sense of waiting for the perfect entry point if you already sold. Don't be left out of the game trying to find the perfect price.

[brushtooth]

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.   

Can't see 10k being broken and if it is it won't be by much. This is not the end and therefore the price definitely won't dip below 5k. There will be way too much support before those such levels.

[Torque]

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.   

Hello Wallstreet, is that you?

So whatcha gonna do if no one sells and just buys more on the way down? 

[SONG GEET]

Wall street bulls have already profited from current dip through their bitcoin future contracts, now they will open long position on bitcoin future which is against actual market but they will use their own money to fuel the price up and make huge profit with those future contracts again.

Market is now being manipulated heavily.

[DustyRah]

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.

[Tyrantt]

$800 is absolutely out of question, $8000-$9000 is somewhat reasonable but if that was ever to happen, bitcoin is in a very, very rough position and probably ETH will skyrocket. But cmon, it's not like big dips like this one haven't been occurring in the past, proportional to the price then that is. BTC will recover, no doubt about that, this is just a great opportunity for investing.

[jjdub7]

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.   

You are too pessimistic person. If it's drop to $800, the panic will burst the whole crypro-currencies and tokens ecosystem.
Let's hope that this will not happen.

[richardsNY]

Finally, we have bears waking up again. I was a bit tired of Bitcoin reaching $70k before the end of the year talk. I however can't really see it take a dive under $10k because of how important of a support base that level is. If we do end up falling under $10k anyway, it either depends on whether or not it's just a brief dip from where it starts going up again, or we might see it settle below that level for a while. For now I don't see any reason for the market to drop much further, but at least sub $10k talk is well justified looking at how close to such levels we right now are. The mainstream media machine is also working where they are talking about the bubble 'finally' popping.

[fabiorem]

You're being too much optimistic, OP.

A true bear boss would put something between $1 and $10.

[mindrust]

I've seen this shit before many times. Been here since 2013.

I'm down deep with bitcoin more than ever now. Not selling. Make it $1 and I'll buy all.

[gentlemand]

$800 is certainly ambitious.

I find this death of perma bull talk being necessary a deeply tired trope. Some people simply can't be talked out of it no matter what you do to them.

[Altero]

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.   

$800 is ridiculous, we are dead at that point. $4000 is more reasoanble, but still an extremely aggressive prediction from the bear's camp... and don't be so smug about things, $10k could hold, or it may not, but $4000 is still a very pessimistic view. I mean it's possible, but I see a support line on around the $7000 as the lowest and highest risk possible in the sense of waiting for the perfect entry point if you already sold. Don't be left out of the game trying to find the perfect price.

It's gonna be a big loss for everybody if it happens, but I do believe it won't get that big dump. I know everyone will get troubled and might loss their mind thinking of selling it than of holding. I think there is a huge manipulation in the market by some big whales, maybe they are now controlling the trend of market price that could really hard to predicted. Isn't a good thing to do it, but we can't blame them and they have power to play their money inside crypto.

[Idrisu]

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.   

$800? I will never pray we should get to that level as at $800 bitcoin will be forgotten! I think $10,000 should be the bottom for now. I have never imagined see bitcoin at $5,000 again and I was thinking by this year 2018 we should be talking bitcoin to hit $40,000 and another speculation come out today that bitcoin is going to hit $100,000 this year. I think one has to trying to buy as many unit one can afford now as in future we may see a serious pump.

[Samarkand]

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.
...

Have you actually looked at the number of traded contracts on the exchanges that currently
offer Bitcoin futures?

It doesn´t really matter whether you look at LedgerX, CBOE or CME - the trading
volume is dismal at all of them! The introduction of Bitcoin futures so far hasn´t really
had any impact on the BTC price in my opinion.

[fabiorem]

It doesn´t really matter whether you look at LedgerX, CBOE or CME - the trading
volume is dismal at all of them! The introduction of Bitcoin futures so far hasn´t really
had any impact on the BTC price in my opinion.

Really? Who do you think was buying thousands of bitcoins in November and first half of December, after futures got announced? The same guys who are now betting for shorts. They pumped the price, and now they are dumping it. Then they claim the cash from their bets, and use it to buy more bitcoins, recovering what they lost dumping it. They use a leverage of 10x in their bets, so they win 10 times what they dumped. These are big players, they have millions of dollars at their disposal. We cant do anything against them, as anyone can buy criptos, even governments.

If there was no futures, we would be stationed around 10-11k by mid-December and falling to 7-8k due to the January dip (see charts from previous years). But what we had was a steep rise to 20k and now we are falling back to October levels.

[NeuroticFish]

Market is now being manipulated heavily.

And the news and forums too. FUD is flooding from all possible directions. And some are so blatant they don't even care.
But, after all, Bitcoin is a highly speculative asset, more than a coin, whether we like it or not. And this is a normal part of Bitcoin's life, whether we like it or not.

We needed a correction, we needed it badly. And I was (and still am) surprised on the size of the correction, although I shouldn't be. As I keep saying, we are still above 1 December 2017 price, don't we?
But from there until calling the bottom at 800$... there's quite a long way and makes OP get into the long list of FUDers.

[fabiorem]

But from there until calling the bottom at 800$... there's quite a long way and makes OP get into the long list of FUDers.

Just add a zero to his numbers. The bottom will be between $8000 and $40000.

[goribert]

I hate to be so pessimistic, but to be honest the market seems to be entering a period undoubtedly bearish, which could lead to the price of bitcoin below the line of $10,000. However, a forecast as low as $800 does not seem realistic given the large capitals that seem willing to invest in bitcoin and that I am convinced will start buying bitcoins as soon as the psychological barrier of $10,000 is crossed.

[machinationus]

I wish that it touches that price again, i really want to buy a lot of bitcoins right now and i am ready to buy.

I have already setup some orders, 1 BTC at $9,000, and another at $7,000. Let's see how it goes.

[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.

[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.