The reason why bitcoin will never *stay* below 5000$ again. PROVE ME WRONG

[WolfRisk]

Anything can be happened in this uncertain crypto market. But you can be right and all BTC holders hope that. And I think very soon BTC will hit the market again.

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[zubrr51]

Price Bitcoin, as well as other coins in the crypto-currency market is determined by offer and demand. Let's hope that demand exceeds the offer.

[CoinMarKetHW]

I cannot be sure like you. But as the adoption of BTC is increasing and many people are joining here, so there is less possibility to let BTC’s price down. 

[MetaPhorse007]

Maybe you are right about this, but still can’t be so sure. Though if we see the previous graph there is no possibility of falling below $5k but this market is uncertain. I hope it won’t fall. 

[Argoo]

This year, I agree that bitcoin will not fall below the cost of $ 5,000. Bitcoin has been in decline and stagnation for too long, and if it could have fallen below this mark, it would have been there long ago. The price bottom has already passed a long time and now we expect the rise of bitcoin and the entire crypto-currency market. It can happen soon, and maybe in a few months.
However, in the future everything can be. Including, it is possible that bitcoin could ever fall in price and below $ 5,000.

[Herbert2020]

However, in the future everything can be. Including, it is possible that bitcoin could ever fall in price and below $ 5,000.

if you think it is possible in the future then you also must think it is possible to happen this year because there is nothing that can change things in the future that can not change now. not to mention that the more we stay above $6000 (the bottom that was reached and tested multiple times) the stronger the support at that level becomes and eventually it will become a psychological thing where people automatically buy at $6000 and don't let it fall below. which is why in long term it is impossible to go below.

[MightyTulip32]

That is a good thing to be honest. Sharks who have invested a lot of their money on Bitcoins will never let the market fail no matter what happens and that is profitable for us. But, if Bitcoin rises again without the help of the sharks then that would be the best news of this year.

[gentlemand]

It will not go bellow $5000 because of the demand. As you can see it always dump to less than $6000 but it didn't reach below $5000 because many whales are willing to buy it at that cost. Even small traders will buy too at that very low price right now.

Then that tells us this bubble is far from done yet. It's only done when the only people left buying are the professionals and the nutters. No one else can face the prospect of buying. $6000 is a sucky price but it's a long, long way from the point of maximum panic and pain. That price would still leave anyone who got in at any time over 10 months ago firmly in the black.

[strideynet]

a year later, bitcoin received a strong support at the price of $ 4000 - $ 5000, even based on the cost of its production

[BigBlackSheep57]

I wouldn't call this manipulation rather I would say that sharks are also trying to back Bitcoin up during the time of crisis like this. Hopefully, this will prove to be profitable for the community as a whole. No matter how much profit the sharks earn but as long as the market is going smoothly I think the community will be happy.

[Veterock]

Dude, you can never talk about the cost of bitcoin for sure! Since its value isn't backed up by anything!

[rabia_laskor]

Bitcoin is a great coin for invest. Day by day this projects popularity increasing because of their performance. That’s why I believe bitcoin will not touch below $5000.

[ronnis.gomes]

I do not doubt anything else in this market. It is very bad to see that bitcoin does not have the strength to rise and that sales are much stronger than purchases.

[chris200x9]

You are saying this because of the present situation of bitcoin is misarable but don't forget there are a large number of people who are still grabing the opportunity to buy bitcoin in low price so, 500$ will never happen.

It is not $500 but OP is talking about $5000.

I think billionaires are probably looking at safer things to place their money in than Bitcoin. The billionaires that are involved with Bitcoin are probably people that got in early on.

I don't see how you can assume the price can't go lower than $5000. It easily could dip lower and never come back up by people selling and not thinking it will ever go up.

Yes, I do agree because in market anything can happen. This market can't run only by whales manipulation. If I'm not wrong, currently many small investors also holding a large percentage of bitcoins. At this time if some bad news comes out about the crypto market then in a panic all small investors start selling then whales can't hold the price at $5000.

[pooya87]

~
Yes, I do agree because in market anything can happen. This market can't run only by whales manipulation. If I'm not wrong, currently many small investors also holding a large percentage of bitcoins. At this time if some bad news comes out about the crypto market then in a panic all small investors start selling then whales can't hold the price at $5000.

a bad news coming out and price dropping because of it is not the same as whales manipulating the price and trying to crash it. the reaction to bad news is coming from the market itself as everyone sells, for example if ETF is rejected it will be a bad news and there will be panic sells and every speculator would want to take advantage so they'd sell. but a couple of days ago when they kept trying to push it below $6k was manipulation and it failed.

[Danimore]

Current Market cap is 120b $ (actually real market cap much lower than that due to lost btc and so on); that could be 1000 people with 120m$ hidden. Anyone who has approximately that amount of btc would be very able to buy the market would it temporarily drop significantly below 5000$ per btc, due to the very limited (and shrinking) actual supply of bitcoin and availability in the exchanges.

I think what we witnessed in last december will happen again and at a greater extent. Don't ask me when, but that's a given.

Bitcoin has been chosen.
Why? Possibly positioning.

Price won't give a fuck on whether it can be used everyday to buy stuff. Its purpose it for wealthy billionaires to keep part of their wealth inaccessible through offline wallets.
Whether tx take 1 hours to go and cost 10 bucks each.
Whether the nodes get a little bit more or a little bit less centralized.

All that matters is the one reason I stated above.
Everything else is just smoke for sardines.

No. you are right. There are nothing to beat bitcoin at this time and it's still like this , too. Everytime bitcoin is down then all altcoins are in blood storm.
Therefore bitcoin is very important and a major figure in the cryptoworld.

[jayveerastrullo]

My opinion why bitcoin still doesn't fall below 5000 is that most of all bitcoin investor bought their bitcoin around 6k and above. So they don't want to sell their bitcoin for as low as 5k because that doesn't pay tgeir capital so they chose to hold it for now and wait others to play the market.

[Kakmakr]

The Bitcoin price is based on Supply & Demand and it could care less about who earns, what amount of coins.  Yes, if a lot of people are hoarding coins, then the supply will drop and the price will go up. <That is just how it is supposed to work>  The problem is, if the demand goes down for the coins, then people can hoard as much as they like, the price will just keep going down.

The $5000 stronghold is holding it's position, because the demand is there to support it. 

[kenel]

if someone sells huge reserves of their funds in bitcoin, the price can be reduced by the chain of orders less than $ 5000, if anyone needed it, he would do it

[Allan Ramanda]

Current Market cap is 120b $ (actually real market cap much lower than that due to lost btc and so on); that could be 1000 people with 120m$ hidden. Anyone who has approximately that amount of btc would be very able to buy the market would it temporarily drop significantly below 5000$ per btc, due to the very limited (and shrinking) actual supply of bitcoin and availability in the exchanges.

I think what we witnessed in last december will happen again and at a greater extent. Don't ask me when, but that's a given.

Bitcoin has been chosen.
Why? Possibly positioning.

Price won't give a fuck on whether it can be used everyday to buy stuff. Its purpose it for wealthy billionaires to keep part of their wealth inaccessible through offline wallets.
Whether tx take 1 hours to go and cost 10 bucks each.
Whether the nodes get a little bit more or a little bit less centralized.

All that matters is the one reason I stated above.
Everything else is just smoke for sardines.

actually the price of bitcoin depends on traders and investors, we cannot predict clearly how the price of bitcoin will be in the future. but we can judge from the development of bitcoin so far, and I am very confident that the price of bitcoin will rise higher.