Bitcoin lower than $6000? Is it possible?

[gandhe83]

Of course, bitcoin would be worth less than $ 6000 which is possible. Some people can predict this. However, I realize that some people can not accept that. They fear and sell bitcoin. That indirectly affects the value of bitcoin, as well as altcoin. I think the price will drop to a point limit. Then the recovery process and the positive will create a frenzy again. Prices will explode 5-10 times.

[fenican]

There's no special meaning to $6000 - it can easily fall through that level. For how low it could go look at the average price BTC traded from 2014 through 2016. Don't have an exact figure but $600-$700 seems like it would be a floor.

[Astrilian]

Well, it looks like bitcoin is going for the $6000 mark pretty soon, probably by tomorrow. People on this forum were saying buy at 12K, buy at 11K. Then at 10k as it won't go lower. Then it went lower and they said buy at 8k as that's the bottom. Well, it went below 7k today and it's headed to 6k by tomorrow. Bitcoin has been falling 1000 points a day for the past 5 days. Doesn't look like there's a bottom yet. Now everyone is saying 5000 is it. There's a few more days left this week to see if 5000 is the bottom or not. Usually when a bubble bursts, the asset falls about 90% before leveling out.

Good point. Anyone who is sure that btc can't get any lower than this, yes it can and yes it will.

[ss890]

Is it possible that Bitcoin falls lower than $6000!
Which is the level of 31 Oct 2017!

Yes it is the level which we dived into very hot but also don't forget that we came back online with huge market cap gain and thus followed prices were very huge. This only tells me one thing, we should always be keen about the study and must take it for granted from the past that its actually good thing bitcoin is going dip down. After this wave there will huge uptrend for sure and thats why those two are investing at this point are going one very lucky soon.

This has been always the nature of bitcoin and no can stop it from being dropping down to zero just in case if you guys are scared about it. Also, for the whole 6-7 years we saw bitcoin played around 1000 USD so its not big deal if we are going to that direction.

It might fall below 6K but wont stay here for long time.

[endlasuresh]

I sure hope it goes below 5K so I can buy soooo much more

Yep It will be hitting hat mark today or tomorrow as a lot of people are moving Bitcoin to real cash because lost hopes.

[Ale88]

Its possible for me. It may even drop to $1k dollars by mid-2018 in my own speculation only. As I have observed, bitcoin didn’t experienced it alone but also the other altcoins just this first quarter of the year. And as I have read from the site as stated by some investments experts; this year, ever since theres a new crypto being released in market, if not having capability to be traded to USD right away then it relies still on btc , and that’s what makes the btc hike. But since many new crypto have the capability of being traded to USD right away then they have no anymore need btc so that’s what causes the btc price to drop.What's left to hold are the btc-believers keeping firm the price. But let's just hope its never likely to happen.

If it actually goes below 1k, but I'd say that just 3-4k would be enough, the whole cryptocurrencies market would be in serious troubles: back in 2013-14 very few people knew what a Bitcoin was, now almost everybody does, if it goes from 20k down to 1-2-3k who else would invest money in a thing that lost 90-95% of its value in a few weeks? The market would require years to recover and get new money. Am I the only one who thinks this?

[sadwage]

Is it possible that Bitcoin falls lower than $6000!
Which is the level of 31 Oct 2017!

I think yes it is possible . we just wait of what happen in few more days we didn't know if the bitcoin price is going to high on the market.so we just wait for now..

[almost30]

BTC  $20K SOON . 

[jpespa]

Better expect more than that. With the way the price of bitcoin going down it looks like the slope doesn't even stop or go up a little bit. If it reaches somewhere like $5000k then it maybe an opportunity for many to buy bitcoin though its a risky move I think it cannot stop anyone actually who is dedicated to buy bitcoin even if the risk is openly exposed to us.

[Adioliver]

Is it possible that Bitcoin falls lower than $6000!
Which is the level of 31 Oct 2017!

Yes off course bitcoins value has been falling at a constant rate now and it's already reached a value of $6.1k.There'a nothing to be amazed or shocked about this, we all know that this is something really common in the cryptoworld as it's really volatile.Lets just be happy that the price has come down and lets think about investing a chunk of our savings into bitcoin now.

[htmcoin]

Nothing is impossible, bitcoin will continue to fall, may also be restored in March, but I know this is a good time to buy.

[bitcoinbox]

I think the turning point is around $5000. Not based on technical analysis but on a psychological course. I've read several times on different media that people are ready to buy if the BTC drops below $5000 = probably the turning point.

[rb26]

Is it possible that Bitcoin falls lower than $6000!
Which is the level of 31 Oct 2017!

Volatility is one of bitcoin's characteristics. It may go as low as it was way back in 2009 for all we know so there's a huge possibility for it to fall lower than $6K. It's all in our hands especially in the whales' hands to make that happen because we are well aware that they can easily manipulate the price. And for us here who have experienced the roller coaster ride last year, there's not much of a fear but rather most of  us are wishing the price to go as lower as it can get so we could have a chance to buy and hold until the last quarter of this year.

[pcdgroup]

This is a golden opportunity for us to buy BTC. 2 months later, we will receive huge gift

[crypto_sagor]

Never before have such a difficult time. It's really difficult to look at the market. The reasons for this fall in the market are so bad news.
Hopefully everything will be okay next month.

[ropyu1978]

Is it possible that Bitcoin falls lower than $6000!
Which is the level of 31 Oct 2017!

now the bitcoin has dropped as you say, I can not do anything just waiting for what will happen next. right now, the correction is happening enough to make a lot of people goosebumps.

[19faraon88]

Yes it is possible. In trading business, expect the expected. Possible of the impossible. My prediction for this 2018 is the lowest price of bitcoin will be only up to $6,000. The price will not be lower than that price.

[cryptoamumu]

Bitcoin has dropped 25% in the past 24 hrs. It's $6,100 right now. Yes, bitcoin going lower than $6000 is possible and it's about to happen any minute now.

[Marjo04]

Its almost $6000 already.and my prediction it will hit lower than $5000 before chinese new year.it will go up again but slowly.lets just think this in a positive way that we can now buy bitcoin and hold for a long time until it will rich $18000 again.

[posi]

In the crypto currency world nothing is impossible because the price is determine by rate of demand/supply and if the bitcoin ban and panic sell keep on happening. The price per bitcoin will drop below $6000.