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

[Ahiaba]

Well base on the current decline in Bitcoin and other altcoins there is a high probability that Bitcoin Bitcoin could get closer down to $5,000 because base on past history there is no strong surport between  $5,000 and $8,000 and that was my reason except there is a strong fundamental issues that will happen in favour of Bitcoin which we all hope so.

[Hawaii2020]

Well base on the current decline in Bitcoin and other altcoins there is a high probability that Bitcoin Bitcoin could get closer down to $5,000 because base on past history there is no strong surport between  $5,000 and $8,000 and that was my reason except there is a strong fundamental issues that will happen in favour of Bitcoin which we all hope so.

What? It wasnt so long ago bitcoin dropped to $2500 from $5000 so what fake support are you talking about?

People need to free themselves from their fake comfort beliefs....

I do still trust bitcoin and know it will rise again as I see its value. But there is no such thing as "bottom" or reading the future from chart... Probably reading dead animals gives you a better insight as they at least bring food to the table.

[Apened]

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

In these seasons now bearish continuous as FUDS in the market are present manipulators and whales are trying to dump bitcoins price to buy more bitcoins. Government  and with the peoples are into. Price $5000 is still possible if they dump it or my lowest possible prediction for me is $7000k. I don't aiming for more it was enough for me.

[drachman]

8,200 dollars is the price of the bitcoin today, what is the assurance that bitcoin will not drop below 5,000 dollars?
The only assurance i have is bitcoin will always win.

There is not an assurance that is the thing, bitcoin is an speculative asset and right now its price is decreasing that is why many people are selling their bitcoin, however bitcoin is still the same as always nothing has changed so a natural conclusion is that if bitcoin reached huge prices in the past the most likely option is that it will do it again.

[Casdinyard]

Many are saying that it could go $8k or below but I doubt that it will go lower than $5k.

They don't know what they are saying, below $5,00 is too much. But this is a speculation of someone that wants to buy lower than he's seen bitcoin before.

Most likely, people will panic again.

This is expected, bitcoin can be have hard time of getting back at $15,000.

Exactly. Bitcoin needs a lot of time to get back to its senses because some new investors will surely doubt if bitcoin can regain its value while the price is still crashing.
The bearish trap hasn't yet ended so we can see bitcoin go down to $6k before it recover again.

[ipanks]

Many are saying that it could go $8k or below but I doubt that it will go lower than $5k.

They don't know what they are saying, below $5,00 is too much. But this is a speculation of someone that wants to buy lower than he's seen bitcoin before.

Most likely, people will panic again.

This is expected, bitcoin can be have hard time of getting back at $15,000.

Exactly. Bitcoin needs a lot of time to get back to its senses because some new investors will surely doubt if bitcoin can regain its value while the price is still crashing.
The bearish trap hasn't yet ended so we can see bitcoin go down to $6k before it recover again.

I think we could go to below $8k because everything is possible in cryptocurrency. and if we see when the price increases before, it only needs two or three months to reach the high price of bitcoin and the price could go down again but of course, it will need a time before it's increase or decrease again and this will make people get panic.

and if the price later wants to go up, then I guess it will not need too long to see the price reach the high price again like before and only people which could still hold their bitcoin that will have a big smile for this.

[H0USE]

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

The governments are cracking down on crypto and bitcoin issuing warnings against it and do not lending it support to btc and momentum is shifting against the btc market with total market cap falling to almost $11billion.The last broken point was at $10000 and now it is below that point and has hit $8000 and now $5k don't seems away as it can reach there but hope it don't get there and regain its momentum and reach to new levels.

[whyrqa]

The thing is that I would not speculate around all the predictions, who will say what and what future forecast will be realized. The fact is that Bitcoin has never been stable and for the entire year 2018 we can see very much both the drop and the rise in the price of Bitcoin.

[intoy_victor]

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

The price of bitcoin is unstable no one can predict it. We are lucky if the bitcoin price is high, even it is low because we can buy bitcoin more. When the price is low that's the time to buy bitcoins however you can get a big profit when it's price gets high.

[vv181]

Well base on the current decline in Bitcoin and other altcoins there is a high probability that Bitcoin Bitcoin could get closer down to $5,000 because base on past history there is no strong surport between  $5,000 and $8,000 and that was my reason except there is a strong fundamental issues that will happen in favour of Bitcoin which we all hope so.

Below 8k is the median line of the buying zone to be precise is at below 7,8k is a definitely the buy zone. I believe Bitcoin is oversold if in case it goes below that level. I'm sure many whales won't let Bitcoin goes below that level.

[Carlsen]

We have seen a drop from 20K to 8K, so I think it is very possible that the price can go down even further.
There still is the problem that nobody can tell what a fair value for bitcoin would be, because there are not many hard numbers.
That is why the crypto market is driven even more by emotions than the stock market.
And the emotion that dominates at the moment is fear. Fear makes people sell.

[Yurkov]

Now it is no longer a correction, just a panicky sale. There are no signals to increase the price. Therefore, further drops to 5k $ are the most possible. But in the case of bitcoin, it's hard to predict anything. The trend may turn in a moment and the price will start to grow.

[jubalix]

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.

I really think the gov crackdown means nothing, btc (tech) incentivises individuals in govt to always thwart gov action. Centralised organisations will be arbitraged out to the extent of their inefficiency versus block chain tech.

[justbfa]

I have come to understand that governments and the powerful centralized institutions are fighting for their own shares of this decentralized profits of cryptocurrencies and always want to be in control.

[ladyinredcoins2018]

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 think this drop of 5k is now impossible to happend. The price has been consistently stayed to 7800k to 8k this past few weeks. I am guessing that if it drops it will stay at 6k deepest. I am speculating also that it has a greater chance of rising up to 10k at the end of this month though than dropping to 5k. Yes, the price increase of bitcoin is really a good movement after a long drop. If this will continue to rise people will be able to recover their loses pretty fast too!

[dobladi]

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

We can't hide the truth that this thing is possible to happen since we don't have full control on its market value. If something bad will happen to Bitcoin chances are high that its market price will again fall. And that is why holding is the best thing to do in order on not to lose profit. Investing would be also a good idea to do when the price is falling to earn profit when the msrket value of Bitcoin starts to rise.

[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

We can't hide the truth that this thing is possible to happen since we don't have full control on its market value. If something bad will happen to Bitcoin chances are high that its market price will again fall. And that is why holding is the best thing to do in order on not to lose profit. Investing would be also a good idea to do when the price is falling to earn profit when the msrket value of Bitcoin starts to rise.

I seconded it.

[LuciferEveningStar]

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

In my own opinion, there is no way for bitcoins to go down again below $5k dollars because there are too many investors in the market now a days and most of them are still holding their coins.

[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

In my own opinion, there is no way for bitcoins to go down again below $5k dollars because there are too many investors in the market now a days and most of them are still holding their coins.

I quite agree with you, but if the market (support) drop beyond investors calculation (stop loss), there is probability that investors can cash out which can further have a negative impact on Bitcoin market.

All things are possible!

[CybereyesWinger]

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

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