Bitcoin To Drop As Low As $1000 This Year

[Durr_1412]

whenever I read the news of prediction from anyone on wall street, that makes me laugh my ass off.
They predict that but on the other hand, they have been telling every single one of their family member, "Hey, invest now in bitcoin now, my words may keep BTC's price down for someday. Fking listen to me, invest your all money to buy cryptocurrency. Any kind, I don't care. Just buy it."

[prince05]

This is just a mere speculation, but cryptocurrency in general can go up as high as it can be or as low as it can due to the high volatility of the market. However dropping the prices as low as $1k from $10k is more like a speculation, nothing is certain yet but I am not also saying it can't happen. We who are using this coins should just be ready anytime as we are here and taking in risks.

[vukthewolfy]

Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts
"I wouldn't be surprised if over the next year it's down to $1,000 to $3,000,"

Is this going to be real or not ?

As for this drop that we have now, I believe 8k is the reality before it goes up.

After this, we need some serious worldwide ban that I expect to happen for it to go as low as 1k-2k, but that would be temporary, anyway.

Btw this is mostly expected of corrupt governments.

[lsd400]

It is definitely possible scenario given it's loosing market share to alts.

[GayOfThrones]

$1000 is out of the question, unless a nuclear war unfolds. It would be 95% drop from ATH and this in the current market conditions is not plausible at all. Especially as the coin has now spend another week above 10,000$.

[Muruga]

If this dude says that bitcoin will cost $ 1000 in a year, it means that you need to buy bitcoin and we are waiting for
another increase. When McCaffee and the other gurus said that bitcoin would cost 40,000, 60,000 or 1,000,000 dollars in 2018,
it was a preparation for the fall of the BTC. Many newcomers bought bitcoins at a level of 10,000 to 20,000 dollars.
Now frightened that bitcoin will fall to $ 1000, so that these newcomers sold their bitcoins at a loss.
And experienced traders will buy cheap bitcoins and in a month will raise the price to $ 30,000.

[GayOfThrones]

If this dude says that bitcoin will cost $ 1000 in a year, it means that you need to buy bitcoin and we are waiting for
another increase. When McCaffee and the other gurus said that bitcoin would cost 40,000, 60,000 or 1,000,000 dollars in 2018,
it was a preparation for the fall of the BTC. Many newcomers bought bitcoins at a level of 10,000 to 20,000 dollars.
Now frightened that bitcoin will fall to $ 1000, so that these newcomers sold their bitcoins at a loss.
And experienced traders will buy cheap bitcoins and in a month will raise the price to $ 30,000.

Exactly. You can already recognize the pattern. Every time they play the role of the bulls and they hype it upwards, everybody buys at absurd prices. Every time they play the role of the bears and they hype it downwards everybody sells at absurd prices.
But in the end... Bulls always make money, bears always make money, pigs always get slaughtered.

[Asmonist]

We just have to trust that it will not happen. If it will I guess we just have to believe that its our chance to buy more. Somehow it would be a big impact especially for those who bought it at higher price. Maybe we just keep on believing and hope it will not happen. Otherwise, its time to manage our investments or spread to other forms of investments. Bottomline, it will always be a game of chances and risks.

[Rappyboy]

This very normal as you can see bitcoin has been surging upward since last yr 4th quarter and there hasnt been a decent correction since then, so this is very normal, i believe bitcoin is a bubble but this is not yet the time for bitcoin to burst. Bitcoin bubble even if it burst it doesnt mean a bad thing.

[readygoaw]

Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts
"I wouldn't be surprised if over the next year it's down to $1,000 to $3,000,"

Is this going to be real or not ?

OOPS… It seems the guy predicted the fall of the market when he left this post in January. However, I do not think that BTC fall will be so critical. Huge market players will never let this situation. And finally in Spring Bitcoin will gain, I believe.

[sekapai]

bitcoin was down from 19k to 8k..so it is possible to go to 1000 usd and also possible to go to usd 10.

[Maxcrypto1990]

He could have said it will go to 100k, it has the same merit.

It is too hard to predict, the thing that drives this market is the constant belief in the value and the progression the blockchain technology will bring.

[nextel]

Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts
"I wouldn't be surprised if over the next year it's down to $1,000 to $3,000,"
Is this going to be real or not ?

This is the worst prediction of the year, everyone are predicting last year that Bitcoin will hit $10,000 to $20,000 before the end of the year 2017 and will hit $50,000 before the end of 2018.
But today, due to mega dropping off Bitcoin and every Altcoins, some people would predict the opposite value which is not only annoying but I really don't think it could be the possible prediction despite of the crisis.
No, Bitcoin will never drop as low as $1,000. Never!

[t241690]

It can go down or up, cryptos are volatile and react fast to news, good or bad. I dont think such an uge drop will happen, there are lots of new people coming into crypto and Bitcoin (Ethereum and Litecoin) are the "front door", at least for now is very difficult to buy another coin with FIAT.

[nextel]

bitcoin was down from 19k to 8k..so it is possible to go to 1000 usd and also possible to go to usd 10.

LoL.
There should be a valid case for Bitcoin to drop that kinda low.
BitConnect's value doesn't seems to go deeper than $10 I believe because some people affect seeing BitConnect's currency that used to be a lending project but as a tradable token this time.
There's still more investors who tried not to let BitConnect die in this market.

[Mobshady24]

anyone can say that, i can even say that bitcoin's price will go down up to $1 price point because at the end of the day those are just prediction not an estimation, no one can decide the bitcoin's price alone but rather the people from the community of cryptocurrency.

[Tinna25]

As we know, that altcoin is very susceptible to problems, good or bad.
lately we hear bad news about crypto that makes crypto fall. But I think crypto will rise for 3-4 months ahead. just my opinion

[LGD2Business]

I don't think it will go down less than 1200 USD, just look at the latest halving, it was 600 USD before it took off. 1 to 3k looks possible in the worst case scenario. I hope we won't see it though.

[SHOP_]

Read recently a valuation that calculated actual electricity/hardware cost to create one bitcoin and placed the value between $7,000 and $8,000. Now, difficulty will probably drop as the price drops, but the ~$7,000 USD resistance is real.

Source: https://www.reddit.com/r/CryptoCurrency/comments/7n47be/i_built_these_3_fundamental_valuation_models_for/

[lyons]

I think this speculation does not make sense. Of course there is nothing obvious in the cryptocurrency world, but I think that, although bitcoin's price reached really bad prices, it has still a really good popularity and market value to reach incredible prices in the future.