BTC will drop to $1000 --- you have been warned.

[valentine401]

YES!! More cheap coins.

I will literally put 95% of my entire fiat savings in Bitcoin if so. I am however realistic enough to know that we are probably not even going to see anything below the $5000 mark, so how viable is dreaming of $1000 then?

Bitcoin was shown 1:1 with these bubble charts even when it was worth just $500 a pop, so how many more times will people keep rehashing this? Bitcoin isn't a traditional asset, and not a company.

Bitcoin is the representation of how the regular economy keeps failing. The more the regular economy implodes, the more Bitcoin's 'bubble' grows in size. In other words, Bitcoin grows because of how the system fails.

More cheap coins then it only means that there will be more coins to inves but i read a different news, there are articles saying that bitcoins will reach $50k dollar at the end of 2018 and that's what i believe as well to happen in the future.

[Bagaji]

Well, i don't believe that your prediction will come to fulfilment because your analysis is base on only the technical analysis without considering the fundamental spect of analysis.

[shadowdio]

Another FUD again, bitcoin will not drop at $1000 price, if the price of bitcoin will drop $7,000 below it will rise up again because that price is cheap for investors so many will buy bitcoin at cheap price.

[wuvdoll]

In a way, you sure do have a point and in a way, your point was over stated. The market is in a B.S state but there is no point spelling doomsday, and if $1000 indeed ends up happening, how fun do you think that is going to be for a lot of people to pop into the market and see how they can benefit in it for the long term.

I actually do not care if the market drops lower than that. Get used to it, everything is bound to correct, and that happens in every market, so making bitcoin sound like the main idea is for it to keep moving up, and now because it is in a downtrend, you are giving $1000 theory, then you must be mistaken.

[BartS]

To be honest I wan't to see a higher price but if things like you've said will happen and so what? It's an oppurtunity to buy more at a cheaper price, isn't it? For me, price won't go low as $1000. Not all you can see and expecting is true and about to happen. Sometimes what will going to happen is the unexpected and btc is good at it.

The price wont go that low, that is correct but there is still the chance the price goes lower than its current price in the next months, that will be the perfect opportunity for a long term holder to get all the cheap bitcoin he can while taking very few risks, eventually all the people that sell their bitcoin at that time will realize the terrible mistake they have made but it will be too late by then, this is why holding is my favorite strategy you get all the rewards and you reduce the risks of losing money.

[rainezerr401]

YES!! More cheap coins.

I will literally put 95% of my entire fiat savings in Bitcoin if so. I am however realistic enough to know that we are probably not even going to see anything below the $5000 mark, so how viable is dreaming of $1000 then?

Bitcoin was shown 1:1 with these bubble charts even when it was worth just $500 a pop, so how many more times will people keep rehashing this? Bitcoin isn't a traditional asset, and not a company.

Bitcoin is the representation of how the regular economy keeps failing. The more the regular economy implodes, the more Bitcoin's 'bubble' grows in size. In other words, Bitcoin grows because of how the system fails.

I like the determination and how the mind set of other people works like this, there are a lot of people who are trading in the market that is selling their coins immediately because they are afraid for its price to drop but they did not think to invest even more because the price is very low.

[btc-facebook]

I knew bitcoin when it's still $ 299 / btc so $ 1000 / btc still make me profit anyway.
As for bitcoin is on dormant state and it require a momentum to pump bitcoin for now.

For me, I still choose to hold it as long as possible !

[Slow death]

Bitcoin is going to fall back to $6.5K very soon and this time it would break the support and price would push back to where the bubble began -- $1.2K

So you're the only one of the bitcoin community that has noticed this and wants to alert people? How can you be so sure of that? Are you basing yourself on this graph? How many times have you hit on your price prediction? show us your history of predictions that were you right, before create panic in people with your very pessimistic prediction.

Look at the graph below, we are just in the middle of the correction.

I just observe any image, I do not see anything besides that

You have been warned!

because of that:



 

[lordmick]

Yes! thanks for pointing this out.
The whole market is full of scam coins and rubbish ICOs

Could you believe a coin with a plagiarised white paper could have reached $12B market cap?!

It's still ranked as the 10th largest market cap coin today with a market cap of nearly $4B.

Honestly, I wouldn't even give this coin a $100M market cap

This is how much BS the market has come to!!

BTC and ETH are representatives of crypto market which is full of BS at the moment

Actually I agree with your point of view. I think in the middle of this month Bitcoin will continue is downtrend. I also think that it can crash to the level between $ 1K and $ 3K.

[chaser15]

Most bitcoin "investors" are still in the phase of denial that the bubble has burst - this is the best proof that price will continue to go down. Too much unjustified optimism in the market.
It's done and over.
Bitcoin is going to fall back to $6.5K very soon and this time it would break the support and price would push back to where the bubble began -- $1.2K

Look at the graph below, we are just in the middle of the correction.

You have been warned!

In terms of predicting and speculating what will happened to bitcoin, I really removed the graph as part of the main things to be considered. Yes it can be act as guide or source but hey graph? Seriously?

Bitcoin price fluctuates too much and in just one move of a big whales, they can shake up the market. No way chart can predict that.

As always, we have different way in speculating price movement. If everyone believes on graph then so be it, but for me I really don't. Im here in crypto for years and earned massive profits since the beginning but still not taking graph as main criteria for speculating.

[mOgliE]

I think there is something interesting with your graph here...
Why does everyone see the down... And not the up after?

I mean who cares if btc goes down to 1k, or even1$? The important thing isn't the price but the evolution on the long run.
And the evolution on the long run is an uper trend.
If price goes to 100$ just buy more and wait for price to go back to 25k

[babygun]

One (technical) chart says that bitcoin will start booming again and the correction is over. Another chart is showing that bitcoin is in a bubble and will drop massively. A third chart will prove that the price will be moving sideways for the next couple of months.
Which option (A, B or C) will you guys choose 

[crzy]

More cheap coins then it only means that there will be more coins to inves but i read a different news, there are articles saying that bitcoins will reach $50k dollar at the end of 2018 and that's what i believe as well to happen in the future.

Let’s focus on this kind of news because bitcoin can really hit that price and make a new all time high. I can’t still believe that someone is thinking for bitcoin to be dump at $1k level again, despite of the current trend with bitcoin I really believe $1k is impossible for bitcoin to crash like that.

[jadenunderhill]

Even I, who is sure in strong bear trend, think that bitcoin will never reach 1K. The lowest level possible for my opinion is 2-2.5K.

[flying_bit]

I learned nothing is impossible in cryptocurrency but altcoins will die first when that happens and majority will crash and burn and it will be total chaos...but then because it's a goldrush in the making people with good money will simply accumulate more. And I think it will do something good in cryptoworld, only the best and strongest and project with real use case will survive.

And that will be new era of cryptoworld and well, bitcoin still rule! lol

[BitHodler]

but i read a different news, there are articles saying that bitcoins will reach $50k dollar at the end of 2018 and that's what i believe as well to happen in the future.

Don't let yourself get used to empty predictions. It seems to be a hype where everyone feels the need to outbid other predictions by expecting even higher levels before the end of the year, but it's all nonsense.

What we see happen is that most of these predictions are being lowered after a while, all to make sure they will be closer to the reality with their predictions. So called experts don't know more or less than we do.

The market does the opposite of what people think it will do. Once all these predictions slow down an lower themselves significantly, the market will move up. That's the way it works here.

[mayokaren]

If this will happen it could be the best time to buy my bitcoin at the price of $1k and those altcoins will also suffer with this downfall. Oh let just wait what will the market be in the coming days as I'm hoping that the market will recover easily.

[Idrisu]

I will not pray for this to happen and bitcoin fall to $1,200 will be it end.  I have seeing many of this negative predictions and analysis but one thing that I have agreed is that many investors buy they bitcoin over $10,000 and it will be difficult for them to sell below $10,000 therefore I agree that they will not allow bitcoin to fall to $5,000.

[ArIMy11]

Most bitcoin "investors" are still in the phase of denial that the bubble has burst - this is the best proof that price will continue to go down. Too much unjustified optimism in the market.
It's done and over.
Bitcoin is going to fall back to $6.5K very soon and this time it would break the support and price would push back to where the bubble began -- $1.2K

After reading I found myself saying "oohhhhhh". I really believe bitcoin will not fall that down. At this moment I am already thinking to convert my remaining bitcoin into fiat then cash it out.
Before, I do not believe with other people say then one day I realize it is true. With this case it is not bad to believe in it. It will be more worst if I just ignore this then it really happen in the next few months

[mOgliE]

I will not pray for this to happen and bitcoin fall to $1,200 will be it end.  I have seeing many of this negative predictions and analysis but one thing that I have agreed is that many investors buy they bitcoin over $10,000 and it will be difficult for them to sell below $10,000 therefore I agree that they will not allow bitcoin to fall to $5,000.

Well it's not like the investors have a real choice in here...
BTC is produced in a continuous way so the question isn't about investors selling at low. The question is about people buying the btc produced...

For myself I'l keep investing in btc especially if the price goes around the 5k but you have to get enough people to still have faith in the currency otherwise you never stabilize your price