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Author Topic: Do you believe May 2018 willbe the last time that Bitcoin price is under $10000  (Read 341 times)
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May 14, 2018, 08:46:07 PM
 #21

Maybe not $10.000  but something over $9.000 for sure, even tho I've said before I've had a huge feeling that there will be a spike in price mid may. Also, comparing to the past year(s), it might be possible to start going up steadily.
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May 14, 2018, 09:48:21 PM
 #22

In a Tweet on May 3, Sherman-Founder of Bitcoin Foundation Charlie Shrem announced that this month the Bitcoin market would mark an important turning point.

He does not show anything concrete that supports his words, so that these are words without weight

May 2018 will be Bitcoin's "last time" at under $ 10,000.

we are in the middle of May and the price is struggling to stay above  $9000, so I find it very difficult for this forecast to take place, there is a lot of pressure from governments in every corner of the world, daily we hear from governments taking hard measures against bitcoin and against exchange so we will not expect the price to rise much like in the past, we have to really worry about the fact that these governments take tough stances against bitcoin. it would be nice if he would provide us with some basis to support his prediction so that we would have more data to comment on and avoid guessing

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May 14, 2018, 09:59:38 PM
 #23

Maybe not $10.000  but something over $9.000 for sure, even tho I've said before I've had a huge feeling that there will be a spike in price mid may. Also, comparing to the past year(s), it might be possible to start going up steadily.

Yes, its possible that we can get over $9K before the end of May. Although we made a break out about 2 weeks ago, when the price suddenly pump to almost $10K, but its just artificial and then a lot of negativity coming from Warren Buffett and Bill Gates + Mt. Gox trustee dumping again causing the price to go below $9K.

We are now on a reset, so it's much better to take small steps and target $9K first and see if it's gonna hold or the price stabilizes before attempting again the $10K mark. There's one good positive news though, we are still in the Blockchain consensus week so probably another reason why the price has recovered following the down trend, but I don't think that it is enough to push the price to $10K again.

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May 14, 2018, 10:36:37 PM
 #24

May 2018 will be Bitcoin's "last time" at under $ 10,000. That was Shrem's statement, which made the digital money community flutter.
Shrem is certainly no trader or technical analyst, and he isn't known for making accurate price forecasts. I agree with him in a very broad sense on a longer timeline, but I think he's straight up wrong here.

These "BTC will never go below $x" statements should be made early into bullish/bubble markets, not during bear markets....

If anything, these kinds of statements make me more bearish for 2018. I still think we could be in the middle of a big bull trap.

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May 14, 2018, 10:54:22 PM
 #25

And how exactly Shrem calculated that? It is rather silly for people to believe that if someone said so then BTC will forever stay above $10k
For this scenario to happen we need strong support, good market sentiment, bullish view and clear forecast - no one at this point can guarantee that.
But still, Shrem's prediction is far more believable than McAfee's statement that we will have the price of 1kk USD for 1 BTC in 2020...


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May 14, 2018, 11:11:42 PM
 #26

And how exactly Shrem calculated that? It is rather silly for people to believe that if someone said so then BTC will forever stay above $10k
For this scenario to happen we need strong support, good market sentiment, bullish view and clear forecast - no one at this point can guarantee that.

Yeah, that's what I was saying. This mindset works when you're in a bull market that's starting to go parabolic. Not in a sideways/bear market. I remember in early 2017, zoinky (an old timer from around here) predicted we were crossing $1,000 for the last time ever. I think he'll be right. I think Shrem will be wrong.

But still, Shrem's prediction is far more believable than McAfee's statement that we will have the price of 1kk USD for 1 BTC in 2020...

I disagree. McAfee's forecast has over 2.5 years left to play out, and based on the historical logarithmic growth trend, it's not even that crazy. It probably just depends how crazy the short term hype gets around the next halving. Shrem's call is a hail mary because we haven't even established a bull market on the 1-day or 1-week charts, and there's only 2 weeks left in May.

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May 14, 2018, 11:31:25 PM
 #27

I believe bitcoin will hit again 10,000 because decreasing price is normal everycoin dumping price and because the price decreasing they have many people are interest to buy not today but for sure soon they get only sign to buy more bitcoin. We need to wait and we will see again the price become like that and maybe more than 10k dollars.

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May 15, 2018, 03:31:47 AM
 #28

May 2018 will be Bitcoin's "last time" at under $ 10,000. That was Shrem's statement, which made the digital money community flutter.
Shrem is certainly no trader or technical analyst, and he isn't known for making accurate price forecasts. I agree with him in a very broad sense on a longer timeline, but I think he's straight up wrong here.

I agree, but I have to admit that it made me laugh reading his prediction. We should understand though where he is coming from, I'm pretty sure he has vested interest on crypto that's why he is very bullish but most of time this kind of prediction really gives me a good chuckle.

These "BTC will never go below $x" statements should be made early into bullish/bubble markets, not during bear markets....

If anything, these kinds of statements make me more bearish for 2018. I still think we could be in the middle of a big bull trap.

We have heard this kind of prediction in the past, specially after riding all-time-highs last December. Everyone was shouting that bitcoin will never go below 4 digit mark. But what happened? The bears took over the market and since then we have been struggling to get to $10000.

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May 15, 2018, 07:32:02 AM
 #29

Maybe not $10.000  but something over $9.000 for sure, even tho I've said before I've had a huge feeling that there will be a spike in price mid may. Also, comparing to the past year(s), it might be possible to start going up steadily.
We are now on a reset, so it's much better to take small steps and target $9K first and see if it's gonna hold or the price stabilizes before attempting again the $10K mark. There's one good positive news though, we are still in the Blockchain consensus week so probably another reason why the price has recovered following the down trend, but I don't think that it is enough to push the price to $10K again.

Absolutely, that's why I always say that I'd rather have a stable price than one that goes from $10.000 to $8.000 in a few hours.

That's a maybe, since the price is orbiting $8.500 there's not much to push it, at least, over the $9.000 limit.
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May 15, 2018, 07:41:36 AM
 #30

Maybe not $10.000  but something over $9.000 for sure, even tho I've said before I've had a huge feeling that there will be a spike in price mid may. Also, comparing to the past year(s), it might be possible to start going up steadily.
We are now on a reset, so it's much better to take small steps and target $9K first and see if it's gonna hold or the price stabilizes before attempting again the $10K mark. There's one good positive news though, we are still in the Blockchain consensus week so probably another reason why the price has recovered following the down trend, but I don't think that it is enough to push the price to $10K again.

Absolutely, that's why I always say that I'd rather have a stable price than one that goes from $10.000 to $8.000 in a few hours.

That's a maybe, since the price is orbiting $8.500 there's not much to push it, at least, over the $9.000 limit.
If this will continue doing back and forth it will be hard for this investment to grow a little more, for sure short traders are enjoying the ride as they can easily sell when they already gain a little then buy it back again when the price start to dumped, we should be more familiar in what types of strategy to use when we are dealing with bitcoin, time will come when the price will be huge again after the whales holds their coins.

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May 15, 2018, 08:11:08 AM
 #31

Maybe not $10.000  but something over $9.000 for sure, even tho I've said before I've had a huge feeling that there will be a spike in price mid may. Also, comparing to the past year(s), it might be possible to start going up steadily.
We are now on a reset, so it's much better to take small steps and target $9K first and see if it's gonna hold or the price stabilizes before attempting again the $10K mark. There's one good positive news though, we are still in the Blockchain consensus week so probably another reason why the price has recovered following the down trend, but I don't think that it is enough to push the price to $10K again.

Absolutely, that's why I always say that I'd rather have a stable price than one that goes from $10.000 to $8.000 in a few hours.

That's a maybe, since the price is orbiting $8.500 there's not much to push it, at least, over the $9.000 limit.
If this will continue doing back and forth it will be hard for this investment to grow a little more, for sure short traders are enjoying the ride as they can easily sell when they already gain a little then buy it back again when the price start to dumped, we should be more familiar in what types of strategy to use when we are dealing with bitcoin, time will come when the price will be huge again after the whales holds their coins.

Well it cannot go below $8000 if whales hold on to coins but we need to look at the negative side of it as well if whales plan to cashout all at once then it would be disastrous for sure.

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May 15, 2018, 09:10:28 AM
 #32

Between believing and disbelief, for me personally., I'm more inclined to believe that such, but however all do not ensure that the prediction or statement is really true, it will still be influenced by many other influences.
So time will be answering it about it in facts, just keep on eyes about the price movements and which obviously it still give our chance for trading/investing.
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May 15, 2018, 10:26:28 AM
 #33

It does not matter whether it's last or not. But still there will be a decrease increase and that's what makes people experience profit and loss, it is a common thing that will be used trader to play strategy. Otherwise, people will leave crypto.

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May 15, 2018, 10:27:48 AM
 #34

If it won't be heading to 10000$ in next 2 days after Consensus summit, then I think we're about to wait for this mark longer. I'm sure it can't fall lower than $5k this year, but under $10 - easily
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May 15, 2018, 11:44:57 AM
 #35

Sounds like fake news for me 'cause  to be honest as long there are some big companies or investors always jump on bitcoin to gain more profits it's impossible that the price will not reach or surpass 10k value again 'cause it depends on the demand and supply from the market and no one can stop its limit.  So in my view maybe this news is from those people who want to manipulate the price because of being have no sufficient capital to buy the current value of bitcoin. What i mean they're spreading false news to create a panic selling until the price collapse. But its always up to us if we trust on that kind of stuff easily , but i suggest to make some research first before jumping on that kind of news which is  to ensure as well if its a bluff or a fact to prevent regrets and to answer all of our doubts  .
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May 15, 2018, 11:45:34 AM
 #36

I always believe it will all happen in the world of cryptocurrency, specifically on bitcoin and ethereum. why i believe it? because, given that many new people continue to come into the world of cryptocurrency, that means it signifies positive news and people start believing in the world of cryptocurrency, less supply and more and more demand will cause the price to rise again at its peak.

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May 15, 2018, 05:30:25 PM
 #37

Yes, we have 15 days left until the end of May and price is still under 10000 usd. But I believe that 10k will be the bottom after June 2018, corrections will continue but 10k will be a dream in the future just like 1k usd

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May 15, 2018, 05:50:48 PM
 #38

I think April or possibly this month if there is another brief dip is probably the last time we will ever see prices in the 7000s.
June is probably the last time we'll see 8000s.
July is probably the last time we'll see under $10k.
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May 15, 2018, 07:31:40 PM
 #39

I BTC (and all other crypto) will rise up to 15-20 in near time. I watching fighting now between dumpers (who want to buy cheap crypto) and people who buying and believe in huge growing. So only one way - up...

  

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May 15, 2018, 07:47:51 PM
 #40

Probably not. I think it could hit it again later in the year.
No one knows anything for sure and whether it will or not, it is something that only time can actually get to tell us.

Hopefully with the way things are, if we are able to see some forward momentum, let's see how that will end up playing out in coming days but for what it is worth, we have always known May and June to usual be the period when the market normally gets green and if sherman is basing his speculation on that, we will get to see but nonetheless, we cannot always use the past to judge the future.

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