Can Bitcoin get to drop to $5,000 and below in 2018

[justbfa]

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

[sjefdeklerk]

Let' see. BTC failed as a payment system, governments are cracking down on BTC and LN is a joke. Chart looks hyperbolic and indicates it could move to $3000. So yeah why not

[justbfa]

Let' see. BTC failed as a payment system, governments are cracking down on BTC and LN is a joke. Chart looks hyperbolic and indicates it could move to $3000. So yeah why not

The issue of government crack-down on BTC can never be ruled out until government can find way to make huge money off bitcoin like tax.
But i believe power belongs to people, and if the community of bitcoin users doesn't understand this, the pressure of government ranting will make them to keep selling off their treasure bitcoin.

[sjefdeklerk]

But i believe power belongs to people, and if the community of bitcoin users doesn't understand this, the pressure of government ranting will make them to keep selling off their treasure bitcoin.

I fully agree. However you should not turn your eyes on reality, BTC is NOT a good alternative to regular payment systems, it's damn slow, super expensive and LN is not going to work at all.

[justbfa]

But i believe power belongs to people, and if the community of bitcoin users doesn't understand this, the pressure of government ranting will make them to keep selling off their treasure bitcoin.

I fully agree. However you should not turn your eyes on reality, BTC is NOT a good alternative to regular payment systems, it's damn slow, super expensive and LN is not going to work at all.

That's true about the being slow and expensive, but eventually bitcoin may become another way of storing value same way we have it with Gold.
Moreover, we have a lot bitcoin fork here and there. Bitcoin may not be the best but its the grandfather and it will forever remain the grandfather.
If Bitcoin dies every altcoins will eventually follow.

I'm sure a lot bitcoin (volunteers) developers are working on how to revive the slowness once they reach consensus.

[arpon11]

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

With the way bitcoin price is dropping this is very possible as  we have see a test of $9,500 surport area and the strongest surport and resistance level of $10,200 has been broken. $5,000 is very close to touch than before and if the current bearish momentum continue bitcoin might touch that level before end of this week. My pity is on those who buy around  $17,000  early this year and I pray it recover very soon.

[CoinsCoinsEverywhere]

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Easily possible.  Every serious crash that bitcoin has had in its history has been at least 75%.  The last one, from ~$1100 down to ~$150 from 2013-2015, was around 86%.  That kind of drop from $20k would put price around $2800.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

Cryptocurrencies will not go away.  Governments can do whatever they want, but they can't stop cryptos from existing.  However, that doesn't mean that they can't ban or regulate them to the point where they are no longer worth owning as an investment vehicle (read: they won't go to zero, but they could be worth much less).

[harizen]

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

With the strong regulations that government will imposed, it's hard to believed that it can be counter only by voice and power of the people. Maybe on a democratic country but not on other forms of government.

Well unless some great number people from different country will give some hand to those then it maybe possible that the outcome might change.

Easily possible.  Every serious crash that bitcoin has had in its history has been at least 75%.  The last one, from ~$1100 down to ~$150 from 2013-2015, was around 86%.  That kind of drop from $20k would put price around $2800.

The situation back then is different from today.

Even how possible it was surely it has low chances to happened.

[justbfa]

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

With the way bitcoin price is dropping this is very possible as  we have see a test of $9,500 surport area and the strongest surport and resistance level of $10,200 has been broken. $5,000 is very close to touch than before and if the current bearish momentum continue bitcoin might touch that level before end of this week. My pity is on those who buy around  $17,000  early this year and I pray it recover very soon.

I agree with the fact that if the current bearish momentum continue it might drop to $5,000. And I even acquired some at higher price before the bearish...
But I believe it will pay off at the end of the day (patience)

[justbfa]

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Easily possible.  Every serious crash that bitcoin has had in its history has been at least 75%.  The last one, from ~$1100 down to ~$150 from 2013-2015, was around 86%.  That kind of drop from $20k would put price around $2800.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

Cryptocurrencies will not go away.  Governments can do whatever they want, but they can't stop cryptos from existing.  However, that doesn't mean that they can't ban or regulate them to the point where they are no longer worth owning as an investment vehicle (read: they won't go to zero, but they could be worth much less).

"Cryptocurrency will not go away" has become one of my crypto-watchwords with entry of government backed cryptocurrency that have given government and the likes to exchange their non-blockchain based token to pack a lot of bitcoin in the market.

The only concern as you said "no longer owning as an investment vehicle" Maybe 1btc will be able to get a cup of coffee and pizza again.

[airdagon]

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

                                                                                                                                                                                                                  be calm not to panic, this accident will not be a bad start for the year 2018. I believe that as time goes by the bitcoin will start to improve again and soon it will not be long for the bitcoin price to go back as it once was.

[justbfa]

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

With the strong regulations that government will imposed, it's hard to believed that it can be counter only by voice and power of the people. Maybe on a democratic country but not on other forms of government.

Well unless some great number people from different country will give some hand to those then it maybe possible that the outcome might change.

Easily possible.  Every serious crash that bitcoin has had in its history has been at least 75%.  The last one, from ~$1100 down to ~$150 from 2013-2015, was around 86%.  That kind of drop from $20k would put price around $2800.

The situation back then is different from today.

Even how possible it was surely it has low chances to happened.

That's true, I believe government will always be government. And also believe that the situation back then is quite different from today but I also believe that so called powerful billionaires are also in this business Crypto quietly enjoying the dividend of cryptocurrency.

They are friends of the government. Some of them are no longer interested in bitcoin since they've made such money while some are still giving voice to the bitcoin project and cryptocurrency generally.

We will win the war because there's no government (even though government always find way to enforce everything) without the people!

[stayeduptolate]

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Easily possible.  Every serious crash that bitcoin has had in its history has been at least 75%.  The last one, from ~$1100 down to ~$150 from 2013-2015, was around 86%.  That kind of drop from $20k would put price around $2800.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

Cryptocurrencies will not go away.  Governments can do whatever they want, but they can't stop cryptos from existing.  However, that doesn't mean that they can't ban or regulate them to the point where they are no longer worth owning as an investment vehicle (read: they won't go to zero, but they could be worth much less).

from my views it is not possible to bitcoin will drop and reach to $5000 and below in 2018 . From my experience that there is no chance for bitcoin to drop below $8000 in the future because bitcoin is the topmost cryptocurrency in all over the world and bitcoin become very popular in all over country so that's affect the price of bitcoin how much it will drop off how it will rise  but anything is possible in the world so thats no one can sure about anything.

[pooya87]

can it drop to $5000?
yes it can. bitcoin price can even drop down to zero in matter of minutes.

will it drop to $5000?
i don't think so. the $9222 bottom proved that the demand for bitcoin is in 5 digits territory and a buying frenzy will kick in when it goes in 4 digits territory which prevents it from even staying there let alone going any lower.

and all the government regulations,... are all bullshit if you understand what a "decentralized currency" really means.

[armansolis593]

The power of the government and their regulation

The government look at this way : bitcoin causes money laundering and scam to happen more frequently and tracking people or organization involve in such case is hard to pursue, banning and regulating bitcoin can prevent this thing to happen and they can protect their people from such events.

vs

The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

The people look at this way : The government always manipulate things, we want something that is decentralized to have more freedom, when it comes bitcoin, people who are aligned with bitcoin always say something negative about the government, nevertheless its always about the profit and with the regulation the profit will be lessen.

[justbfa]

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Easily possible.  Every serious crash that bitcoin has had in its history has been at least 75%.  The last one, from ~$1100 down to ~$150 from 2013-2015, was around 86%.  That kind of drop from $20k would put price around $2800.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

Cryptocurrencies will not go away.  Governments can do whatever they want, but they can't stop cryptos from existing.  However, that doesn't mean that they can't ban or regulate them to the point where they are no longer worth owning as an investment vehicle (read: they won't go to zero, but they could be worth much less).

from my views it is not possible to bitcoin will drop and reach to $5000 and below in 2018 . From my experience that there is no chance for bitcoin to drop below $8000 in the future because bitcoin is the topmost cryptocurrency in all over the world and bitcoin become very popular in all over country so that's affect the price of bitcoin how much it will drop off how it will rise  but anything is possible in the world so thats no one can sure about anything.

Great summary "Anything is possible..."
In the end bitcoin will always win!

[batang_bitcoin]

As it has been seen on the history of bitcoin anything can happen or it can even go back at $1,000. Fees are crazy and confirmation are very slow when you'll not pay the right fee and many aren't willing to pay $25 fee for a $20 transaction.

Great summary "Anything is possible..."
In the end bitcoin will always win!

Yes definitely, anything is possible. It can go down lower than to $5,000 but also expect the unexpected that it can also pump to the price that we haven't seen before.

[virasisog]

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

It can if they wants we can't go against them the price manipulation in this early 2018 somehow in my prediction it will not go lower than $8000 there is a very strong support there but just like what i've said it can drop if they wanted just make some bids around it for sure because if it hapoens it is surely a flash within a second then go back arround $6k-8k who knows if you're lucky to bought at that price.

[millensharon8]

$5000 would be a hard one to get to, but nothing is impossible. With bitcoin having a bad time scaling and a lot of investors gradually getting pissed off, I hope the support can hold. Although, we have a huge support at around $8000 - $10000, but is there no support that can be broken if there is really nothing to drive it forward? I expect the worst, but I understand the risk as well, so no need to panic.

[BitcoinBallerina]

It is very unlikely that Bitcoin will drop to $5000 in 2018.