Why bitcoin will drop to $1000 and why we should be happy about it.

[wahyu.prist]

If it ever falls into that particular price, it may be the beginning of the fall of the crypto currency. I hope other coins will take the starting position and the better, surely people will learn their lesson. Thanks #CMIIW

[1715447600]

1715447600

[1715447600]

1715447600

[1715447600]

1715447600

[HashFace]

I'm not sure I agree ... you are basically saying Bitcoin is useless, and will drop to $1000 because it's useless, but then it rise back to $15,000 for some unknown reason?  Are the only forces you see controlling the price as hype and speculation?  

I agree that Bitcoin has not caught on a payment system, but it still has time, and the developers are working on making it more attractive as a payment system.

And you have to remember why Bitcoin has already gained popularity... one of the reason's is because it's not controlled by any government.  If governments were to create their own cryptos, there is no telling if anyone would actually care.  A government crypto probably wouldn't be very attractive to your typical Bitcoin enthusiast.  

[millytr]

Drop back into 1000$ isn't a good signal according to my knowledges, there will be a lots of people losing in that situation and yes it's a good scene for the new comer but that will improve one thing.
"Bitcoin is absolutely a bubble".

[Dinatrio]

No no, i don't think it can be, because too many holders buy it when it was about 10.000 or higher, or even 8-9 it's not so important.
While holders are hold - BTC not be able to lose price to that number.

[Vasilije69]

Well, I doubt it will hit that low but who knows. If it really hits it, then we know it hit bottom, so from that moment it will just grow and we should be happy about it
Hold on, people, just wait still, BTC is gonna pump again soon, maybe not in 2018 or 2019, but soon...

[Pistachiop]

Well honestly, i don't see any thing to b happy about BTC dropping to 1k, Unless you are a whale, , I dont see anything ice about BTC dropping to 1k at all. It might be a happy time fo new investors though

[Gameroid]

No no, i don't think it can be, because too many holders buy it when it was about 10.000 or higher, or even 8-9 it's not so important.
While holders are hold - BTC not be able to lose price to that number.

I think that it is now even becoming impossible, because a lot of investors are there who have invested a great amount of money, i do not think that they will let bitcoin go down to such a low price, they are already giving a good support to bitcoin and therefore the price is still stick there, i think that now we will see a great increase in bitcoin because of the increasing interest of the investors.

[bloodyvio]

if the bitcoin falls below $ 1000 then it is bubble
but even though it happens i still believe in cryptocurrency
because cryptocurrency is needed to transfer money anywhere without having to go through the bank as an escrow

[deadsilent]

I will be happy if it dropped to that amount and im going to accumulate more of it. But how about those who bought at its peak. I don't think they will be very happy if their money is gone. Anyway, i think Bitcoin will never drop to that amount as Bitcoin is now on mainstream. Unless Bitcoin is banned worldwide and the only choice is to use the darkweb. If that happens, i think Bitcoin is going to that amount and even the death of Bitcoin.

[ambisyon]

I understand that bitcoin has a dual purpose which is a payment system and a currency for investment wherein people are more considering btc as investment rather than spending it into payments. As mentioned on the thread that btc may go down as far as $1K USD, I don't think it will go down to that level considering that there is still high demand for btc and people are still supporting bitcoin. I believe in the coming months, btc will improve further on it's market price value.

[wildflower18]

I can't think of bitcoin would drop to $1000 as I can see many users still got this current price to invest more btc. Well others should be happy about it because they can have more profits when it will suddenly go up it's price. Many possibilities can happen in the market as does fluctuates exists.

[Al-e_x]

I think bitcoin will not drop to $ 1000. My prediction is a bitcoin bounce point is at $ 4000. and after that bitcoin will rise slowly.

but, if that happens, then for me it is a happiness. I will buy more bitcoin even it does not matter if I only buy 1 BTC for $ 1000.

[doch]

I will be happy if it dropped to that amount and im going to accumulate more of it. But how about those who bought at its peak. I don't think they will be very happy if their money is gone. Anyway, i think Bitcoin will never drop to that amount as Bitcoin is now on mainstream. Unless Bitcoin is banned worldwide and the only choice is to use the darkweb. If that happens, i think Bitcoin is going to that amount and even the death of Bitcoin.

you do not need to worry about it, because it is not going to happen, bitcoin still has too much potential and still the topmost currency of the world, therefore bitcoin is not going to reduce its value too much but hope that it will continue increasing its value again.

[kimdungtruyen]

Bitcoin is down, it will be fun for those who are going to invest and join in the game, it's a pretty good start.

[Thefrolly]

You are making too many predictions with no sources or technical analysis to back them up. Just putting out any number based on your intuition isn't going to make it happen. Also bitcoin price dropping to $1k level isn't going to happen. As dropping the markets by that much would be catastrophic and the most it will drop is around the $3k price range.

[DaftAjax]

Yes, its main purpose is investment coin. Bitcoin appeared as an investment project, there were no significant issues with payments that bitcoin could solve. So bitcoin introduced new technology at the mass scale and emerged mining industry, but as a payment method it is still in the quite infant stage. Now I think the whales just wait for the right moment to drop it, there is no reason for them to keep its value when they can get x5-x7 profit.

Investment you say? I never thought of Bitcoin as an investment, why you ask? Because its a Cryptocurrency, its not an investment project. Its principle is simply same as Fiat(money), but in a different form - digitized money. Don't get me wrong, a Cryptocurrency is no where near from Fiat, but from my understanding it serves the same purpose. The main advantage or disadvantage of this platform is its decentralization.

At the moment, we can use Bitcoin for different transactions but still have many flaws, and it does not introduce new technologies - whatever that means. Mining is just one way to earn them, its like a one way to earn Fiat is to take a job, that simple.

Sure the whales. 

[Jansaa]

Bitcoin has returned to its real value! I believe, At this time, bitcoin is priced around $ 5,000 is reasonable!
Prices of bitcoin and altcoin will increase gradually and reach the expected price in 2020.

[developno1]

So, there is no reason for them to keep its value when they can get the profit x5-x7. I think people should prepare themselves for the worst

[bajarang8668]

It's not possible now bitcoin will drop $1000 if bitcoin will be drop so all people who want enter cryptocurrency they come now and again price increase so it's not possible.

[emmybd]

I don't think that bitcoin would drop to $1000, it is a pipe dream, as it is still the best and very popular cryptocurrency. Many investors have got confidence on bitcoin and a lot of new investors have been investing into it.