bitcoin back to $500 is likeley

[Uyiosarugue1]

It is not conceivable that bitcoin will ever fall below 4000 USD as no Holder will sell that low,  a lot more persons believe a great future for bitcoin

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[Digitelow]

On the premise of what statistics did you draw such conclusions? If bitcoin falls to one of these low charge, then the complete crypto currency market will be destroyed, so maximum probable this will by no means occur.

Then many altcoin will be back to zero and the loss will be too much for investors to bear. Presently, the market is rising gradually and I believe it will recover fully before the end of the year.

[Allmdl]

If Bitcoin ever drops and stays around sub-1000 levels, it would only mean that another Crypto Currency giant contender like ETH has overtaken it as the number 1.

[w33man]

It looks like bitcoin will have a very strong dip and be back under 1k.  My prediction is telling me it will fall to around the 500 dollar range within a month.

What makes you think that bitcoin will go back to $500? Do you have any solid proof or analysis for that? Bitcoin will never go back to that price ever. Most people are waiting to buy cheap bitcoin. Once the price goes down a little, they buy and the price recovers back.

[SunJAB]

There is no way BTC can return such price, in my opinion we should expect higher but moderate, should not expect too low will affect our psychology, but also Expectations are too high because waiting will never be there

[Endorphinity]

I do not want to believe that Bitcoin will be so cheap, because $ 500 is a very low price for such a good coin. I believe that the market will turn around and go up soon.

[jeda2000]

Bitcoin and other crypto coins may be in bad times now, but I don't think this will happen all the time. I don't think that this will happen because the extreme depreciation of Bitco will not work for any speculator or big investor.

[kemetz]

I do not want to believe that Bitcoin will be so cheap, because $ 500 is a very low price for such a good coin. I believe that the market will turn around and go up soon.

can be seen now even though the market is still in a sad state but the price of bitcoin is still stable at $ 6500, to go down to $ 500 I also don't believe that could happen.

This year the crypto market is undergoing a very heavy test so that all coin prices fall significantly, but if as long as there are many more believers and interested ones, growth will surely come soon.

[SunGod-1]

You need to factor in what it costs to produce a Bitcoin and then what profit you need to sell at to recover your running and setup costs. Already mining in most places is running at a loss in accordance to the current price and the mining difficulty is increasing on the daily. Also you also need to look at what’s upcoming in terms of development and adoption in the near future. Combine these 2 factors and I would very comfortably say that $500 is impossible unless by some miracle the entire systems fails

[iqlynaz]

nah youre totally troller , or get dumped hard ?
how btc drop to 500$ and what do you think will happen to cryptoworld if it does ?
no, you need 10x charge to made 1 btc out of mining rig , so it wont happen , never
or no one will mining it

[jinzo26]

it will fall to zero pretty soon

[purtoricopirate]

Horrible analysis lmao

At least show us why you believe this.

[bitcoinerror]

It looks like bitcoin will have a very strong dip and be back under 1k.  My prediction is telling me it will fall to around the 500 dollar range within a month.

I do not agree with the article you mentioned because the $ 500 Bitcoin price would not be able to drop that much. Currently Bitcoin is priced at $ 6,271 and on a much lower premium and you should not worry too much about it.