Bitcoin To Drop As Low As $1000 This Year

[Zumbiko]

no one can say what will happen in the future with bitcoin and what will be its price. personally I believe that by the end of the year he again will grow to 20,000$.

[beehimneff]

I think the people of wall Street would very much like it if bitcoin was worth $ 1000. But this is unlikely! On the contrary, in the autumn we expect the growth of bitcoin!

[bitcoinpeople3]

Is it just me, or does anyone else actually think that there is chance of this happening. Price of bitcoin has greatly dropped from about 20,000 dollars to as low as 6,000 dollar, within a few months, but I do not think that it would go as far low as a thousand dollars. This is never happening, or rather, I do not see it happening, not any time soon.

[artemdubina88]

People aren't stupid enough to sell bitcoin at such a low price ! He won't fall so low it's impossible !

[Nyak put]

This fortune telling on the coffee grounds, as it is simply impossible to guess how much it will cost
The market is a market, and then it's simply impossible to guess, you just need to diversify

[bonyaserg]

Personally, I think that very low to $ 1000 bitcoin does not fall so it will not allow it. There are things that we do not know and the market can behave differently. Since it is not very beneficial for bitcoin to fall. And it will be specially held for as long as necessary.

[mitsarasss]

This situation does not make sense. This can only be in a fantasy novel. The price of bitcoin can not fall so low because it is not beneficial to anyone.

[Pet240]

Just like some thought ethereum will drop to $50. This will never happen. There is something called production price and this is determined mainly by mining activities. Even if it will go below it, it won't be that much. So bitcoin cannot drop to $1000.

[batang_bitcoin]

I'm not surprised that bitcoin hit $5,800 that low and there are speculations that are saying it can go as low as $3,000 for this year. I'm not expecting that to happen and I'm not going to be surprised if it ever does. I'm encouraging myself to believe that we are getting out of it and the bull is just about to start, we broke $7,000 and this can be the last time we'll see it.

[lily9002]

It maybe true, after all, I don't think a single coin could get to the point of having a value of 1 million as some people expect for it to have in just a couple of years.

[joerogers8]

I don't think it will get that low.  The powers that be cannot risk taking it so low that Gary over in the trailer park starts getting in on the action.  I don't think we will go much lower than we already are. 

[MatinSTR]

I guess Bitcoin will never drop under 5000$. What tether doing everytime BTC approaching 6000$? Yea, they just print another 100 millions fantics)

[BennyK]

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 ?

Well, there is freedom to expressing opinions concerning Bitcoin but this does not form a solid fact or conclusion. Take a critical look at the Bitcoin market now and you can attest to the fact that the prediction of the Wall Street CIO is nothing to write home about.

[Seriousbizz]

Well, even though we want to be open minded about certain things, and come to believe that certain things are possible, I do not think that this is one of those. Bitcoin has been falling so deep ever since this bearish trend began, but I do not think that the price of the coin will fall so bad to as low as a thousand dollars. Let's see how everything goes though.

[o_pauers]

This is unlikely to be a case.

Reason being, the people who manipulate Bitcoin are holding BTC in bulk. They play with the market to extract maximum profit out of their holdings. But if they let Bitcoin fall to $1k, there will be a panic situation in the market and the market will lose many investors in that case which is exactly what they won't want. So they will not let the market tumble to such depth.

Moreover, BTC has a strong bottom support at $5800. BTC has tries to break it a many times but never was successful. It is the strongest support it got which can't be broken easily.

but to exclude the fact that they can just merge their bitcoins and squeeze the price tag out. now can sell at 7000 and levels in the price, for example up to 3000, and then simply reboot to 3000 and again wait for the higher value.

[kashkarev55@mail.r]

I do not think that will fall to 1000. Given the continuing bearish trend, the minimum price until the new year will be about 4500-5000. By the new year I hope the market will go up.

[dammytol]

I don't think bitcoin can go anything below $5000 this year as the resistance is always very great when it's king down

[Packagetol]

I think the lowest Bitcoin can ever reach in this year is $4,000.00 because everyone seems to buying back whenever the price is going down

[yakushev]

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 ?

The most realistic indicator at which it reaches the bottom is 5k. I do not think that whales and others will allow such devastation in the market, understanding what it all can lead to.

[jamesashmore1964]

This is BS: Why did you post this shi# you bitch