Why Bitcoin will go down 1000 below

[angelaurum]

Hey guys, i think bitcoin will go down again to 1k usd below because it always crashes.
Reasons are as follows for bitcoin as well as altcoins

1. Bitcoin has already made its first impression and its bad and it will stay like it forever
its just a pump and dump coin which is not a real currency that's why it is considered an Asset and not a currency

2. Blockchain Technology is good and it came from Bitcoin along with
But it is not enough reason why bitcoin and other crypto should moon
Its a great idea actually but there are so many scams and very little adoptation
and please don't tell me that crypto is still young. its been here since 2009
it has already proven itself

3. Majority of the projects are just pump and dump
we really need a working product and not just a good idea

[SUDARMONO]

Bitcoin is the best creations of crypto coins, and it's true that bitcoin always has pumps and dumps, but until now I think bitcoin is the best investment place, and if I look at the history of bitcoin prices always increase every year and I'm sure in years 2018 This will happen again.

[Morgann]

Bitcoin is the best creations of crypto coins, and it's true that bitcoin always has pumps and dumps, but until now I think bitcoin is the best investment place, and if I look at the history of bitcoin prices always increase every year and I'm sure in years 2018 This will happen again.

the demand of bitcoin affects the price of bitcoin this day, maybe the demand this moment is getting more low but bitcoin can increase again in end of the year maybe nov-dec. for me that last 2month will be the best time for selling bitcoin then wait again until bitcoin dumps morethan the peak price again.

[Silentsweeper]

I buy bitcoin now at the lowest and I keep it for long term investment. Bitcoin investment at this moment s like riding a roller coaster. Ups and downs will always be there. The price of bitcoin will stabilise at some point and bitcoin will  rise again. Bitcoin is here to stay.

[virendarnagpal]

Your statement of bitcoin falling below $1K may prove true.  Bitcoin has no value in itself.  It can be sold for $ 1 or for $ 1 million i.e. the price available at the time of your purchase. 
It's price is all mental state.  It's price depends on the  rumors, sentiments that are directly related to mental state of human being.  Because it has no realistic value so it may fluctuate between any possible range depending upon the human sentiments.

[Kakmakr]

Bitcoin is not all about the price. 

This technology has opened the door for people to cross borders with their wealth, without any restrictions. We can now send money to our families at a fraction of the price that WU or MoneyGram charges, if you are working in another country.

The Bitcoin use case is not necessarily clear to everyone, until you realize that it is changing people's lives all over the world. How many unBanked people have access to the global financial network for the first time now?

How many people joined a signature campaign and performed micro tasks for payment on the internet for the first time? Some people are even doing this as a full time job.

[supermine]

Hey guys, i think bitcoin will go down again to 1k usd below because it always crashes.
Reasons are as follows for bitcoin as well as altcoins

1. Bitcoin has already made its first impression and its bad and it will stay like it forever
its just a pump and dump coin which is not a real currency that's why it is considered an Asset and not a currency

2. Blockchain Technology is good and it came from Bitcoin along with
But it is not enough reason why bitcoin and other crypto should moon
Its a great idea actually but there are so many scams and very little adoptation
and please don't tell me that crypto is still young. its been here since 2009
it has already proven itself

3. Majority of the projects are just pump and dump
we really need a working product and not just a good idea

Bitcoin was found to be used as an currency but people using it as bump and dump coin so the problem is with the bitcoin or with the people who using it?

Now a days many of the projects are turning into scam that maybe create bad impression about the bitcoin too but people too be careful because scammers are everywhere so never invest on anything without appropriate research or don't cry when you lost money.

But when it comes to bitcoin price it is all about the demand and supply so no one knows how much it will fall.

[Leonard2016]

It might , I try to be open mind and consider all possibilities , i got no prejudice on Bitcoin , That is another currency , the difference is that it supposed to be decentralized currency , now more than 90% of bitcoins belong to less than 10% of bitcoin address it doesn't seem very decentralize!
Bitcoin needs some new thing , something revolutionary to fix it , I'm still hopeful about it coz i believe in blockchain technology.

[moynul2050]

Bitcoin is the best creations of crypto coins, and it's true that bitcoin always has pumps and dumps, but until now I think bitcoin is the best investment place, and if I look at the history of bitcoin prices always increase every year and I'm sure in years 2018 This will happen again.

At least we still have confidence that the hold is the best way to strengthen the price.
The panic will only make things worse. Various issues continue to come and make all the loss of patience and panic excessive.

[dado7]

Although anything can happen, technically speaking neither moving average or Fibonacci support this theory. Go to tradingview.com and take a look at a few analysis there.

[Sarastiche]

Price fluctuation is  a  norm in the crypto world, the season might be bear or negative,BTC is sure to pump soon, and people that refuse to sell or HOLD will regret.

[JerryJam]

I think bitcoin can't go down to $ 1,000. Its Prime cost is at least 3000. If suddenly this happens (which is unlikely) then bitcoin will be of no interest to anyone.The fall and rise of bitcoin is a tnormal process for cryptocurrency.Now we are seeing a fall. Other altcoins are getting cheaper, too. And the drop percentage is much higher than bitcoin.The air force will sell altcoins and buy bitcoin. Thereby increasing demand. This will lead to an increase in its price.

[kwarto]

im not buying the idea of bitcoin to lower at 1K.
am just new to this system but as i observe the price level is at 6 to 7k sometimes it goes 8... news from different countries are the main reason to fluctuate the price.. when there are certain groups or individual opening investing into it. the price will suddenly goes up but when bad news happen it turn the other way around... i made a little investment today in our local platform but was hesitance to convert my money to coin because the price is so unstable and unpredictable... maybe, i just wait a little bit longer to lower it up to 6400 or 6500.

[bettercrypto]

Bitcoin is the best creations of crypto coins, and it's true that bitcoin always has pumps and dumps, but until now I think bitcoin is the best investment place, and if I look at the history of bitcoin prices always increase every year and I'm sure in years 2018 This will happen again.

Yeah! that's right! Every year, bitcoin surpass its peak and it is not a joke that bitcoin doubled its price in the past year. In fact, there is uncontrollable of pump and dump of bitcoin. That's why a lot of people are engaged in using it.
Bitcoin is more profitable when there is ups and downs. Veteran traders are happy when they see that price fluctuates everytime.

[troglobait]

capitalization is still very small. Crypto currency can cost much more than now. Need to wait and not be good at the bottom

[khufuking]

So you made up your mind that BTC will crash to 1k and out of your kindness  wanted to let us know !!!!

1- Btc was never pump and dump coin , there is a big different between reaching ATH time after another  and trying to maintain it , it is normal to fail sometime and success other time ( which is totally normal for a currency that is trying to determine its fair price )  and between just pump a coin for just couple of hours and dump it very fast to its original price .

2- We all know that BTC is built on Blockchain technology and it is not necessary if blockchain success BTC should too . You are stating nothing new here and it is not related to the price of BTC !!!!!

3- What BTC have to do with scam projects LOL ! . If someone scammed you then that means all human being are scammers ! . So every fail or scam from a crypto project now should effect BTC price ! .


Just another FUDDer that probably do not even understand what he is saying .

[Nekrasova]

I think no, because many of cryptos will default of this reason

[Red-Apple]

none of the things you said here are valid reasons, i wouldn't even call them reasons. they are more like excuses that you are trying so hard to come up with and associate them with your price wish of $1000.

and if you truly think bitcoin is a pump and dump then you are a criminal because you are involved with an illegal activity of manipulating the market.

[renes]

It can't fall to $1000, this is impossible because everyone will want to buy it, there will be high buy walls in $3000s, $4000s, especially with institutional investors its price would pump to $6K again.

[Dluretic]

This is just your guess.
But now that the bitcoin futures trade has come online and bitcoin has been recognized by countries, it is almost impossible for bitcoin to return to $1,000.