Bitcoin Going Less Than $5000?

[XquisiteCrypto]

The Crypto World has Witnessed a lot of Ups and Downs (Mostly "Downs" Though) this year 2018. Now we are at a point where most investors percieve to be the best time to invest in Cryptocurrency, but unfortunately the dip has only worsened.

This has left a lot to ponder and a lot of people are starting to ask the question "Is this the end of Cryptocurrency?; especially BITCOIN".

Let Me Have Your Take, What do you think? Leave a comment below.

Cheers

[cynical]

Is this the end of crypto and bitcoin,?
Really? People can see everyone dumping their holdings, some people can see all the miners switching off their hardware and walking away. Are we going to see everyone in japan for example totally abandoning crypto after being so positive about it?

No, of course not, there is simply too much development and investment gone into this.

This is just another opportunity to fortify the portfolio.

[LaNgwenya]

The Crypto World has Witnessed a lot of Ups and Downs (Mostly "Downs" Though) this year 2018. Now we are at a point where most investors percieve to be the best time to invest in Cryptocurrency, but unfortunately the dip has only worsened.

This has left a lot to ponder and a lot of people are starting to ask the question "Is this the end of Cryptocurrency?; especially BITCOIN".

Let Me Have Your Take, What do you think? Leave a comment below.

Cheers

On the contrary actually, "this is the beginning of cryptocurrency" but because this space is still young it means that it is still widely immature and swayed easily by outside forces. The dips are further worsened by traders who've placed sell orders for when btc drops to certain price points to protect their profits only to buy again when it reaches the bottom. I've heard Tone Vays recently say that he does see bitcoin dropping all the way down to $4K and possibly even further. Other than that I wouldn't really know as I don't speculate especially not in the short term, I just Hodl.

[tudglien]

Nothing is impossible. Some even predict that the price of bitcoin will be less than 3000 dollars. We should remain calm in such a market.

[teinblek]

You know this is not the end of cryptocurrency, that just proper thing when the price little bit down, there will be a time the price will up again, that is cryptocurrency world. The price of bitcoin decrease because there was a mining program that easier to get the stake, that's why the price of bitcoin going down, but it will be recovered as fast as possible.

[rindayle]

Now you can not say anything, there are a lot of events and news, which is bad for the crypto currency market as a whole. Bitcoin needs assets, on the basis of which it will be possible to build and continue to work with such a price.

[BitGunner]

The reason for the fall of the cryptology is not new - the regulators are again stepping on the heels of the exchanges. Earlier on the Internet rumors appeared about the closure of several large trading platforms, including Coinbase. Under the eye of the Commodity Futures Trading Commission, the United States also turned out to be Kraken and Bitstamp. Both exchanges are featured in the investigation of the price manipulation case.

[Daniel91]

The Crypto World has Witnessed a lot of Ups and Downs (Mostly "Downs" Though) this year 2018. Now we are at a point where most investors percieve to be the best time to invest in Cryptocurrency, but unfortunately the dip has only worsened.

This has left a lot to ponder and a lot of people are starting to ask the question "Is this the end of Cryptocurrency?; especially BITCOIN".

Let Me Have Your Take, What do you think? Leave a comment below.

Cheers

Generally, price in any market depends on supply and demand.
People are very emotional beings and they usually decide based on emotions after reading some articles, or when they hear some rumors etc. not based on rational thinking.
So, it's fact that we had many bad news about bitcoin and crypto recently and it seems many people are in ''panic mode'' selling everything.
It's hard to stay what may happen until the end of year.

[qiqide]

The crypto-currency market is badly affected by the news that comes from global politics and business: if before the advertising policy of Facebook had a negative impact, which prohibited advertising of crypto-currency and ICO, as well as sharply negative assessment of bitcoin by the Ministry of Finance of India, influenced the drop of bitcoin, then China on the blocking of websites related to trade in crypto-currencies.

[levvv]

The Crypto World has Witnessed a lot of Ups and Downs (Mostly "Downs" Though) this year 2018. Now we are at a point where most investors percieve to be the best time to invest in Cryptocurrency, but unfortunately the dip has only worsened.

This has left a lot to ponder and a lot of people are starting to ask the question "Is this the end of Cryptocurrency?; especially BITCOIN".

Let Me Have Your Take, What do you think? Leave a comment below.

Cheers

This year bitcoin price was at the bottom on around $6200. And i think that was the most bottom point.
And until now, bitcoin price has never dropping below that point. For me 2018 is not the end of cryptocurrency.
It just a correction from last year. look at 2019 later.

[tdrinker]

If Bitcoin does fall below $5000 it will likely fall to $3000 or lower. I do not foresee this happening right now, there is still too much outside interest in Bitcoin and a lot of the smart money will be accumulating now and waiting for the turn around in price. I think 6k could be the bottom and be tested many times this year.

[lehuong]

I think the bitcoin will not drop to $ 5000, the lowest level for 2018 is expected to be about $ 7,000 bitcoin is traded daily, investors always expect bitcoin prices will start to show in

[leavolnhals]

The Crypto World has Witnessed a lot of Ups and Downs (Mostly "Downs" Though) this year 2018. Now we are at a point where most investors percieve to be the best time to invest in Cryptocurrency, but unfortunately the dip has only worsened.

This has left a lot to ponder and a lot of people are starting to ask the question "Is this the end of Cryptocurrency?; especially BITCOIN".

Let Me Have Your Take, What do you think? Leave a comment below.

Cheers

I do not think this will be the end of Cryptocurrency. The market is being manipulated by some whales.
Because the market capitalization is too small, this manipulation phenomenon has occurred. Anyway, I still believe in the future of Cryptocurrency. I still hold until the market recovers.

[pooya87]

Now we are at a point where most investors percieve to be the best time to invest in Cryptocurrency, but unfortunately the dip has only worsened.

i disagree. all the "good" investors know that it is the worst time to invest in cryptocurrencies because first of all bitcoin is going down so cryptocurrencies are going down harder and also with all the altcoin dumps you should never catch a falling knife!
additionally the situation has not "worsened" it was bad all along when they were pumping all these shitcoins but you didn't notice it only because you were caught up in the hype of the pump.

[BitcoinNewbie15]

I think the bitcoin will not drop to $ 5000, the lowest level for 2018 is expected to be about $ 7,000 bitcoin is traded daily, investors always expect bitcoin prices will start to show in

What are you talking about, BTC is trading at $6800 right now and it has been for a day or two. Realistically speaking, the markets could definitely further dump down to $5k. I actually hope they do, that would be a great discount! Capitulation could still happen.

[umar22pk]

The Crypto World has Witnessed a lot of Ups and Downs (Mostly "Downs" Though) this year 2018. Now we are at a point where most investors percieve to be the best time to invest in Cryptocurrency, but unfortunately the dip has only worsened.

This has left a lot to ponder and a lot of people are starting to ask the question "Is this the end of Cryptocurrency?; especially BITCOIN".

Let Me Have Your Take, What do you think? Leave a comment below.

Cheers

I’m agree with you but not 100% you are right we saw ups & downs in bitcoin value (mostly downs)
But nothing is impossible it can go 10K instead of 5K.
Mostly dumps are caused by some fake & bad news about bitcoin which made panic among holders of bitcoin & they started selling bitcoin in bulk & value depends on supply & demand.
It’s really hard to predict about bitcoin but hope we will see bitcoin at high value at the end of 2018.

[qiwoman2]

When everyone is fearful and believing in half of the fake news engineered by big whales to shake out week hands, then yeah expect it to drop all the way down. Unless people in the market change their perceptions on what they want and just follow the whales and dump right into their mouths, or new capital injections from big money come in, then yeah we are going to see a Bitcoin depression, a bitter winter, but it will not stop. The Pandora's box is open now and blockchain applications are sprouting up everywhere. We are likened to the first wave of people who invested in the dot com boom, just wait and hold as we have really just started. This industry is less than ten years old.

[Emmax]

The Crypto World has Witnessed a lot of Ups and Downs (Mostly "Downs" Though) this year 2018. Now we are at a point where most investors percieve to be the best time to invest in Cryptocurrency, but unfortunately the dip has only worsened.

This has left a lot to ponder and a lot of people are starting to ask the question "Is this the end of Cryptocurrency?; especially BITCOIN".

Let Me Have Your Take, What do you think? Leave a comment below.

Cheers

Do not panic about the drop in Bitcoin's price. It is an overreaction to the news that Bitstamp, Coinbase, itBit and Kraken are being investigated for price manipulation. This will delay the bull market by no more than 30 days. Don't buy into the fear. Buy the coins.

[Barbut]

The Crypto World has Witnessed a lot of Ups and Downs (Mostly "Downs" Though) this year 2018. Now we are at a point where most investors percieve to be the best time to invest in Cryptocurrency, but unfortunately the dip has only worsened.

This has left a lot to ponder and a lot of people are starting to ask the question "Is this the end of Cryptocurrency?; especially BITCOIN".

Let Me Have Your Take, What do you think? Leave a comment below.

Cheers

Do not panic about the drop in Bitcoin's price. It is an overreaction to the news that Bitstamp, Coinbase, itBit and Kraken are being investigated for price manipulation. This will delay the bull market by no more than 30 days. Don't buy into the fear. Buy the coins.

How many similar threads there are? How many times we wrote don`t worry, don`t panic, but first drop and newbies start to make such threads with questions is it the end?!
I think someone should put a ban on creating this kind of topics, someone to delete them when ever they appear. We wrote same things when ever bitcoin drops, and bitcoin goes up and down all the time, many times we see rise for 1,000$ and in the evening drop for 1,000$.
Who have money is buying in this dips, who doesn`t have money cry about bitcoin end again and again.

[hurry_hore]

I think most people always seeing the phenomenon of late 2017 and the early 2018 where crypto space was mooning, but if current price is compared to same month of last year I think it is still fine. Here is the last year Bitcoin price on June, the price was around USD 2500 http://www.livebitcoinnews.com/bitcoin-price-weekly-analysis-28th-june-2017/
Now Bitcoin price is around USD 7000. It is still bigger even if down to $ 5.000.