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

[oriz345]

I definitely think btc can be sub $5,000 again, I don't know if this year or when, but I've said that when it was around $20,000. I don't base it off any speculation what bankers or the government would do, it's a combination of technicals as well as the fact there are so many better new coins out there today. Don't get me wrong, I still think long term bitcoin will do well as a store of value, but it will do gradually less well.

[justbfa]

Bitcoin has dropped a lot lately as you all know , i have no idea why Bitcoin is falling down but if it's gonna continue falling down it's gonna reach  $ 5000 for sure . Hope that that's not gonna happen , becouse a lot of people are gonna lose a huge profit.  But we cant do  anything about this , we just need to pray for all good .😂

Really?
Do you have any fact and statistical analysis to back it?

[justbfa]

I definitely think btc can be sub $5,000 again, I don't know if this year or when, but I've said that when it was around $20,000. I don't base it off any speculation what bankers or the government would do, it's a combination of technicals as well as the fact there are so many better new coins out there today. Don't get me wrong, I still think long term bitcoin will do well as a store of value, but it will do gradually less well.

Bitcoin is the king no doubt but it can also drop to 5000$ or below, if there's a government strict regulations

[bocyaj]

I definitely think btc can be sub $5,000 again, I don't know if this year or when, but I've said that when it was around $20,000. I don't base it off any speculation what bankers or the government would do, it's a combination of technicals as well as the fact there are so many better new coins out there today. Don't get me wrong, I still think long term bitcoin will do well as a store of value, but it will do gradually less well.

Bitcoin is the king no doubt but it can also drop to 5000$ or below, if there's a government strict regulations

Ya I agree bitcoin is the king of Crypto currency,but it will not reduce below 5000$ and all.If the bitcoin banned in all over the world,it may happen.But it may takes more than a decade.I won't think this may occur and all.Some country government may make bitcoin illegal due to bitcoin replace their own currency.

[justbfa]

I definitely think btc can be sub $5,000 again, I don't know if this year or when, but I've said that when it was around $20,000. I don't base it off any speculation what bankers or the government would do, it's a combination of technicals as well as the fact there are so many better new coins out there today. Don't get me wrong, I still think long term bitcoin will do well as a store of value, but it will do gradually less well.

Bitcoin is the king no doubt but it can also drop to 5000$ or below, if there's a government strict regulations

Ya I agree bitcoin is the king of Crypto currency,but it will not reduce below 5000$ and all.If the bitcoin banned in all over the world,it may happen.But it may takes more than a decade.I won't think this may occur and all.Some country government may make bitcoin illegal due to bitcoin replace their own currency.

I quite agree with you bro, but if the oneness voice of the community doesn't match with Fed regulations and policies, anything can happen. I believe there's a revolution going on currently. . . I call it crypt-volution, it doesn't require any violence or physical war.
Bitcoin will always win, though it may take times

[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

I've seen too many drops, declines and drama over years to give up now - it is always like that.
People are crying about the end of bitcoin and the very next month everything is back to normal.
I expect that the same pattern will repeat this time as well, this situation oddly resembles me the beginning of 2015.
At that time everyone was crying and selling because of some random FUD - good advice, don't panic guys.

I must say, the noobs always dump their treasure once the random FUD occur

[justbfa]

I don't see it happening.

Ok, have gotten any analysis to back it up?

[magneto]

I don't see it happening.

Ok, have gotten any analysis to back it up?

I'll answer this...

I don't think that it's safe to say that bitcoin will 100% not go under $5000, but right now we're seeing so many governments banning and strictly regulate bitcoin and yet, we haven't seen bitcoin even break $9000.

If things get bad enough, aka governments around the world, especially big countries like the US and India decide to follow in China's footsteps, then bitcoin dropping to $5000 wouldn't be impossible to see happening. After all, we came from there just a few months ago. But I doubt that it'll stay under that barrier for a long time at all. People will realise a platform like localbitcoins isn't something that governments can regulate effectively.

[justbfa]

I don't think it just because of the government regulations, maybe it because there is a big whales trying to manipulate its price and looking for individuals that may sell their coins into cheap price and they buy for it.

That's always the case. People just don't want to understand that. Another factor is that they pay too much attention to what the mainstream media is saying about what is happening with crypto.

If we have to believe the mainstream media, and I'm sure a lot rookies do so, then they are panic selling because they think that governments are looking to ban every service that involves crypto.

If you don't have the ability to think further, and you are so narrow minded that you take that nonsense for granted, you'll sell like there is no tomorrow each time. I have no sympathy for these people that they lose out by selling.

This pattern has been consistent for some years "January Bearish"
But rookies always sell once it happens.
Aside this, we need get the root of this annual bearish-run occurrence.

[justbfa]

I don't see it happening.

Ok, have gotten any analysis to back it up?

I'll answer this...

I don't think that it's safe to say that bitcoin will 100% not go under $5000, but right now we're seeing so many governments banning and strictly regulate bitcoin and yet, we haven't seen bitcoin even break $9000.

If things get bad enough, aka governments around the world, especially big countries like the US and India decide to follow in China's footsteps, then bitcoin dropping to $5000 wouldn't be impossible to see happening. After all, we came from there just a few months ago. But I doubt that it'll stay under that barrier for a long time at all. People will realise a platform like localbitcoins isn't something that governments can regulate effectively.

I quite agree with your insightful analysis.

[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

Hope it no longer be fall again as many people will surely get worried of losing their money. I don't think it just because of the government regulations, maybe it because there is a big whales trying to manipulate its price and looking for individuals that may sell their coins into cheap price and they buy for it.

Hmm, the Whales...
But if that's the case, I think the Community of Bitcoin Adopters should all know this and never to sell once the January Bearish is approaching.

[h0lybyte]

In my opinion, bitcoin has a massive support of people adhered to it since its startup, even if some governments ban trading in their locality, traders will find alternate ways to support bitcoin continuously. Also recent rumour of korean government decision was proven to be wrong and they are not going to ban trading in their country. Further the more big firms are getting involved to bitcoin from different parts of world, so it is likely impossible for bitcoin to reach $5000

[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

Well, I know that bitcoin is falling right now. It's price have decreased for a substantial 36% this passed few weeks, and I am sure that many marketers and investors have been having sleepless nights because of it. I think, however, that many of them are underestimating bitcoin by saying that it would fall that low. Bitcoin has reached new heights in value since last year, and I think that when it penetrated the 10k dollars mark, it really solidified its potential as a cryptocurrency, and more people have been eyeing it since then.

Great insightful analysis.
Though the market predictability is not yet certain, let's always prepare for the best and the worst

[DPoS2]

people sell in January so they give themselves a full year to ponder if they will pay taxes or just say f*ck their gov

[ipanks]

I don't want to see bitcoin price drops to $5,000 although we don't know what will happen later. the drop of the price in yesterday makes people become panic and I cannot imagine what will happen if the price drops to $5,000 maybe there will be a massive selling order from the people because they are really shock and panic.

[justbfa]

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

Ok, any technical analysis or insightful facts to support your opinion? We keep learning and understanding the market per second

[justbfa]

I don't want to see bitcoin price drops to $5,000 although we don't know what will happen later. the drop of the price in yesterday makes people become panic and I cannot imagine what will happen if the price drops to $5,000 maybe there will be a massive selling order from the people because they are really shock and panic.

I'm seriously laughing when you said ... I don't want to see bitcoin price drops to $5,000....
I must say, we should always prepare for the best and the worst.
But on the other hand, we should believe that Bitcoin will always win on the long run

[di.ako.toh]

I hope it wont happen, it is sad to hear and I think its impossible to drop till $5K. This past few days are very crucial to Bitcoins price which really drops until less than $10K. But, today it has recovered to be back to almost $14K in one day. Lets just hope and see that it
s price continue to rise up the soonest

[Slow death]

whenever prices fall we have to listen to things that I sometimes wonder why the hell some people are so pessimistic.

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.

when the price was  $5000 you saw how many people knew the existence of bitcoin and how many people bought bitcoin? neither the futures nor many analysts and banks cared about the existence of btcoin as it does today, whether governments are imposing rules is why these governments know that bitcoin is worth something and that in itself means a lot, these setbacks involving regulation will be overcome, the problems of high transaction fee and the delay in confirmations will also be resolved with time, more countries and more rich people are buying bitcoin and this is already very good and makes us believe that in the future the price will be very high.

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

the government has a great power, but can not forget that the government is composed of people and if bitcoin gives some advantage to these people of the government then bitcoin will be regulated by that government, this is all a game of interests

[budz0425]

I hope it wont happen, it is sad to hear and I think its impossible to drop till $5K. This past few days are very crucial to Bitcoins price which really drops until less than $10K. But, today it has recovered to be back to almost $14K in one day. Lets just hope and see that it
s price continue to rise up the soonest

I think that there is no real way to know bitcoin would be so far, but if we can look to understant why bitcoin went from about $20k to $12k in year 2018 only to come back down again and only to go up again. with that we can start to get a prediction of the future. So then, just keep doing what we are doing, enjoy trading bitcoin and alts but be careful and don't always ride the cryptocurrency market into the ground.