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

[jacafbiz]

I won't bet on the price going below $5000 because for me when Bitcoin price hit $18k I said then the we won't see bitcoin price below $10k, I was advising my friends to buy at that price, but we are now close to $5k than $10k now and i was very disappointed encouraging someone new to the space to buy at the top. I am bullish on BTC that is all I can say now because IMO there seems to be some invisible hands pushing the price down

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[ninobtcx]

Everything still going according to my theory also in the OTC markets.

[KrishaBitcoin]

It seems your assumptions is going to be true as the Bitcoin is stable and steady with the $6,000 mark so hopefully the you are right that Bitcoin will bounce back by December. I'm waiting for the ETF approved remark and big whales appearance to support your speculation as we need to be always positive to overcome some negative thinking so this is better than spreading FUD that will just make the market worst.

[South Park]

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.

That is definitely one reason why the price of bitcoin is probably not going to go that low or at least it is not going to remain at those levels but even if not many people are using bitcoin as a currency that is a huge factor as well because we cannot deny that having a way to pay for stuff that cannot be regulated is a very powerful thing and something that a lot of people will appreciate.

[Flor1982]

The remainder of this $5,000 to $6,000 are the true Bitcoin holders now which composed of strong hands and strong people that all the panic people are already sold their Bitcoin and leave. Lets forget about the bull run and focused to this new real demand stabilize amount or the new  baseline of the Bitcoin price which is $6,000.

[pinoyden]

no op i wont believe that analysis of your's  . what i trully believe is that anything can possibly happen , the price can still go down below 5k usd but it can also climb up high higher than its previous ath .

That all will depend on the mood of the whales because whales are the ones that trully controls the market situation since they are the ones that have a big capital .

Anyway , rest just assure that bitcoin and any other cryptos will have a good comeback because i havent seen them recovering so far up to this year .

[buwaytress]

Again? If we stretch timeframe to eternity, that statement will always be true, without "again". Fact, short of the market just dying, no price is the bottom, neither is there ever a top.

And a value against USD won't even last this century, should Bitcoin still be traded. Pointless to prove anyone wrong or right, since that proof can only be shown at the end. Put a timeline and we can talk shop =)

[fulmetal08larz]

I believe anything could still happen with BTC price. Unless, you are one of those market movers, you will never be able to predict where the market is going. All we can do is to anticipate the next move of those who hold a lot of funds and strategize based on their tactics.

[Bonsaiav]

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.

I think what happened in December 2017, of course this will happen again in the coming year, even though we don't know when the second $ 20,000 segment will occur. And I believe, the value of bitcoin will grow to greater than $ 20,000.

[yonjitsu]

IMO, the reason why bitcoin will never stay or goes down below 5,000$ because so many people wanted bitcoin's market value to go down, they will panic buy whenever they see bitcoin's market value to go down. Bitcoin at 5,000$ is really low if you compare it to its regular price since the 4th quarter of 2017.

[fabiorem]

[minersday]

Well this is a perfect theory, i have a bunch, like for Bcash, and all the other forked coins that also want to have a stake of the pie.

I have different opinion. Don't call me crazy but to my mind Bitmain is the company which plays huge role in it too. The only reason of not dropping price below 5000 usd is that mining won't be profitable. Now imagine Bitfury and other companies, they all want profit.
So major thing is mining + people's psichology is only looking for rise, not for fall, if 600 usd was normal last summer, now it will be shock.

This is a game, in where we all are involved and we all want to have some profit out of all this situation.

I would not like to see it below $5,000 anyway.

[ninobtcx]

Still not dropping below..
And no, Bitcoin doesn't give a damn of Faketoshi's bullshit and the BCH fork..

[zby]

...
Its purpose it for wealthy billionaires to keep part of their wealth inaccessible through offline wallets.
..

I am not a billionaire - but if I was and saw my wealth part put into crypto shrinking so fast  I would probably stop trusting it as a good store of value.

[ninobtcx]

The only reason of not dropping price below 5000 usd is that mining won't be profitable.

That's not the "only" reason, but a very strong one. The reason #1 is the one I posted.

This is a very weak argument really. No one gives a fuck about mining costs, let alone there being a single cost of mining in the first place. If anything, whatever bitcoin price might be (5k or 1k), there will always be enough miners as mining will always stay profitable at any price. If mining is no longer profitable for some miners, they just leave while the rest picks up the slack instantly taking their share of the reward pie (as the reward remains the same). No offense intended, but honestly, when people bring up this argument about costs of mining, you can be certain that they don't have a clue about how everything works regarding prices, costs, and other economic matters.

As to your claim in the OP, anyone with enough bitcoins (like the mtgox dude) can crash the price to 1k or even below and keep it there as long as he sees fit. There is no reason to prove you wrong as it is just a matter of someone with deep enough pockets, for example, Satoshi and his likes, choosing to dump enough coins. There is nothing to prove here.

No - it is important because people who are heavily involved in mining who happens to have a considerable wealth, will always try to manipulate the price above their profitability rate.
Manipulating up a 100B$ market is easier than manipulating it down.

Simple as that, if you disagree read again because it's a very simple concept.

I'm not going to argue over this point any further as only time will tell and only time can actually prove or disprove your point. Just in case, I hope you are right. However, how much are you going to stake personally that bitcoin won't drop below 5k? Also, explain what you mean by staying below 5k? Are you deliberately playing on words here as staying below 5k is not the same as temporarily dropping below that level? Staying means a certain amount or length of time, so how much exactly, 1 day, 1 week, 1 month, in a row or occasionally?

It looks like OP's claim doesn't check out with reality. 5k may be a new high now.

It's not "will never go again below 5000$".

It's "will never STAY below 5000$".

You will see that you have a very limited timeframe to buy under 5000$ because it will soon go above that threashold again.

[tee-rex]

The only reason of not dropping price below 5000 usd is that mining won't be profitable.

That's not the "only" reason, but a very strong one. The reason #1 is the one I posted.

This is a very weak argument really. No one gives a fuck about mining costs, let alone there being a single cost of mining in the first place. If anything, whatever bitcoin price might be (5k or 1k), there will always be enough miners as mining will always stay profitable at any price. If mining is no longer profitable for some miners, they just leave while the rest picks up the slack instantly taking their share of the reward pie (as the reward remains the same). No offense intended, but honestly, when people bring up this argument about costs of mining, you can be certain that they don't have a clue about how everything works regarding prices, costs, and other economic matters.

As to your claim in the OP, anyone with enough bitcoins (like the mtgox dude) can crash the price to 1k or even below and keep it there as long as he sees fit. There is no reason to prove you wrong as it is just a matter of someone with deep enough pockets, for example, Satoshi and his likes, choosing to dump enough coins. There is nothing to prove here.

No - it is important because people who are heavily involved in mining who happens to have a considerable wealth, will always try to manipulate the price above their profitability rate.
Manipulating up a 100B$ market is easier than manipulating it down.

Simple as that, if you disagree read again because it's a very simple concept.

I'm not going to argue over this point any further as only time will tell and only time can actually prove or disprove your point. Just in case, I hope you are right. However, how much are you going to stake personally that bitcoin won't drop below 5k? Also, explain what you mean by staying below 5k? Are you deliberately playing on words here as staying below 5k is not the same as temporarily dropping below that level? Staying means a certain amount or length of time, so how much exactly, 1 day, 1 week, 1 month, in a row or occasionally?

It looks like OP's claim doesn't check out with reality. 5k may be a new high now.

It's not "will never go again below 5000$".

It's "will never STAY below 5000$".

You will see that you have a very limited timeframe to buy under 5000$ because it will soon go above that threashold again.

So what is your "very limited timeframe" exactly? How long should the price stay below 5k before you finally accept that it STAYS below that threshold ?

[gentlemand]

It's not "will never go again below 5000$".

It's "will never STAY below 5000$".

You will see that you have a very limited timeframe to buy under 5000$ because it will soon go above that threashold again.

I think this is what many a personage is hoping. I can't really see it panning out like that myself. There's no will to maintain this price level, let alone push up again. I expect 5 grand to not be seen again for rather more than a limited time frame.

[teramit]

time started to proove you wrong, when people say it never stay this under this price it drops or when said it never stay under this price it rises, so there is no need to try to proove something, people buy n sell btc, you cant trust them

[quartzz]

The only reason of not dropping price below 5000 usd is that mining won't be profitable.

That's not the "only" reason, but a very strong one. The reason #1 is the one I posted.

This is a very weak argument really. No one gives a fuck about mining costs, let alone there being a single cost of mining in the first place. If anything, whatever bitcoin price might be (5k or 1k), there will always be enough miners as mining will always stay profitable at any price. If mining is no longer profitable for some miners, they just leave while the rest picks up the slack instantly taking their share of the reward pie (as the reward remains the same). No offense intended, but honestly, when people bring up this argument about costs of mining, you can be certain that they don't have a clue about how everything works regarding prices, costs, and other economic matters.

As to your claim in the OP, anyone with enough bitcoins (like the mtgox dude) can crash the price to 1k or even below and keep it there as long as he sees fit. There is no reason to prove you wrong as it is just a matter of someone with deep enough pockets, for example, Satoshi and his likes, choosing to dump enough coins. There is nothing to prove here.

No - it is important because people who are heavily involved in mining who happens to have a considerable wealth, will always try to manipulate the price above their profitability rate.
Manipulating up a 100B$ market is easier than manipulating it down.

Simple as that, if you disagree read again because it's a very simple concept.

I'm not going to argue over this point any further as only time will tell and only time can actually prove or disprove your point. Just in case, I hope you are right. However, how much are you going to stake personally that bitcoin won't drop below 5k? Also, explain what you mean by staying below 5k? Are you deliberately playing on words here as staying below 5k is not the same as temporarily dropping below that level? Staying means a certain amount or length of time, so how much exactly, 1 day, 1 week, 1 month, in a row or occasionally?

It looks like OP's claim doesn't check out with reality. 5k may be a new high now.

It's not "will never go again below 5000$".

It's "will never STAY below 5000$".

You will see that you have a very limited timeframe to buy under 5000$ because it will soon go above that threashold again.

So what is your "very limited timeframe" exactly? How long should the price stay below 5k before you finally accept that it STAYS below that threshold ?

That was the good question ahah.
And it arose at 7 pages, now that btc as been under 5k for a week and hit 3800$

[ninobtcx]

Okay!

Listen:

If bitcoin stays under 5000$ by the end of 2018, I will eat a fried dead mouse and I will post the pictures on this thread.