BTC TO 3K$

[dutchlincoln]

i think its quite simple and safe to say that 3k is just impossible, as mining 1btc cost more than that. At worst, people stop their equipment temporarily, and diff goes down, making it more profitable again, thus prices go up again, making people turn it on again.
Also, there is simply too much money related to btc to go that low. Think about jobs, space rent, builders, constructors, computer equipment, mining andchip fabrication etc. Its a whole industry... It doesn't just collapse. No where near possible...

If the mining cost is more than $3000, nobody will mine bitcoin because nobody will bear deficit after hardships and spending their time in mining. When there is no mining, there will be no supply of bitcoin in the market and the price will go up automatically. Then the miners will start their work. If all the people lose their money and waste their time then cryptocurrency would be no value.

that's basically my post you quoted...

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[Juggy777]

BTC will go to 3k$ by DEC 2019, tons of people bail on it on a regular basis.

Hey on what grounds have you reached this conclusion? Do you even have any conclusive proof to back your theory? This seems another attempt to rattle bitcoins investors by making vague statements with no actual information. If you're observing current trends there're pro bitcoins activists on board in the Sec, which means sooner or later Bitcoins ETF will get approval. In news also we're seeing many major corporations, countries are looking at bitcoins as a future currency, so bitcoins prices shall shoot up not down.

[sunanbonang]

everyone has the right to make predictions but this prediction must make sense, because predictions are made to be trusted by many people. what is your reason for saying the price of bitcoin will fall to $ 3k? Your predictions are very ridiculous.

[himtater87]

but if your prediction comes true, there's no end of year profits for holders: we started the year at $17000, and you're talking about ending the year near $3000. i never bought the whole "selling for the holidays" rationale anyway. some years, the holidays are extremely bullish, other years bearish.

if 2018 does end up being $17k --> $3k, then at least we know there shouldn't be much sell pressure from holders paying their taxes. no gains, no taxes.

Thats true. If they dont sell to pay taxes, it would not drop to 3k.

But every end of year there are these drops. Some say its because Christmas, others say its because taxes.

I hope to be wrong, but I dont see the lows getting higher, its always 6k. I hope these day traders get bored soon, so that we can have a bear trap.

I want to tell that if bitcoin downs to $3k (time is not a matter) it will be finished because although the price will be low but nobody will buy even a single Satoshi because people will think that bitcoin is a bubble and can burst any time. Nobody wants to waste his time and money. It is better to invest money in a regular business or in Altcoin. There are many good and profitable coins in Altcoin.

[STT]

It can always have a crisis of confidence at any price, the more important point would be the basic usage of Bitcoin continues.   Also if the population of users is broadening then regardless of price the underlying market is becoming a rising factor of strength to supply and demand.    I think theres two different dynamics strong in BTC, the exchange price speculation and the actual users demand and circulation.    

When people come up with these dramatic forecasts, I think they got lost a little and forgot this is a real working product that is used to fill a purpose across the world.

If the mining cost is more than $3000, nobody will mine bitcoin because nobody will bear deficit after hardships and spending their time in mining. When there is no mining, there will be no supply of bitcoin in the market and the price will go up automatically

I dont think its that simple.   There is a sunk cost to operations, its very likely processing continues past a price decline.   The cost figure given is for money already paid.   The electricity cost is far less then the hardware purchase.   BTC process does need to become more efficient long term anyway I think

[beerlover]

i'd say we're at a pretty crucial juncture. now that price is sliding down again, we're threatening to break the series of 2 higher lows on the daily chart. those lows were at $5755 and $5858 (bitfinex prices). i'd love to see $6000 actually hold here so bulls get one more try at a higher high above $7430. that'll definitely trigger a short squeeze and will fundamentally change the daily/weekly price structure.

until a real breakout occurs, i'm just waiting. i have a nagging feeling the direction will be down, and i'll be shorting the market again soon.

We are really at a very critical one and the only ways the bulls can really be able to get smart moneys to participate in this market at the moment is to be able to close a week at least above, $7k. If $6.5k holds, then we might still have some hope but in the case where it does not, and we get to go below $5700, then, that could really bring about some huge decrease in the market value which likely may go as low as $3k. Nothing is certain yet, as we just have to keep monitoring the trend and see where it leads us.

We could see any movement downward if peradventure, the bulls ended up not being ready to take hold of the market, and then the bears decide to take back the wheels. All we can do now is to speculate, but as time goes on, trend and time will give us which direction the market will be going to, at what point it will reverse and how far it would go.

[krauzzer02]

everyone has the right to make predictions but this prediction must make sense, because predictions are made to be trusted by many people. what is your reason for saying the price of bitcoin will fall to $ 3k? Your predictions are very ridiculous.

This is just his personal speculation without any factual possible proofs and claims to support that theory, he just drops the word $3k for December next year, possible but you must back it with claims to make it believable that it will drop to $3k like nothing next year? worst drops were happening this year but we have the bottom of $6k and that's it the price did not pass through 5k back then.

[Nila soru]

BTC will go to 3k$ by DEC 2019, tons of people bail on it on a regular basis.

Then where is the problem to short it Alot of people screaming its a scam and so on . They have a really chance to get rich if they think crypto will die and btc will go bellow lets say 4-3k . Why people who dont believe in crypto and so on just dont short it lol ?

well, is this some other FUD? well, if you don't believe in the potential of bitcoin, then that's normal. well, for me, every year will be a new hope for bitcoin, and maybe 2019 will make many developers make cryptocurrency great again.

If bitcoin drops to $3000 it will be the end of bitcoin because already many people say that bitcoin and Altcoin is just a bubble and will burst in the air after some time. Now if the price falls to this level people will confirm that it is Ponzi scheme and will avoid investing their money in it. We should be optimistic about the future of bitcoin and should not be panic.

[necromastery]

everyone has the right to make predictions but this prediction must make sense, because predictions are made to be trusted by many people. what is your reason for saying the price of bitcoin will fall to $ 3k? Your predictions are very ridiculous.

This is just his personal speculation without any factual possible proofs and claims to support that theory, he just drops the word $3k for December next year, possible but you must back it with claims to make it believable that it will drop to $3k like nothing next year? worst drops were happening this year but we have the bottom of $6k and that's it the price did not pass through 5k back then.

Well, that's just a guess after all. I think we don't believe it will happen, but this is good to warn to be careful, because anything might be happen in the crypto world. Very grateful for the price of bitcoin that doesn't reach $ 5K, if it reaches that level it might be worse for the market.

[Febo]

i think its quite simple and safe to say that 3k is just impossible, as mining 1btc cost more than that. At worst, people stop their equipment temporarily, and diff goes down, making it more profitable again, thus prices go up again, making people turn it on again.
Also, there is simply too much money related to btc to go that low. Think about jobs, space rent, builders, constructors, computer equipment, mining andchip fabrication etc. Its a whole industry... It doesn't just collapse. No where near possible...

If the mining cost is more than $3000, nobody will mine bitcoin because nobody will bear deficit after hardships and spending their time in mining. When there is no mining, there will be no supply of bitcoin in the market and the price will go up automatically. Then the miners will start their work. If all the people lose their money and waste their time then cryptocurrency would be no value.

You seems to not fully understand how mining works. When some that live in countries with expensive electricity like South Korea see they cant profit with mining anymore they stop mining. With that they stop competing with other miners and that way difficulty lowers. And miners that are left get bigger rewards for same hash power they provide.

[richminded]

BTC will go to 3k$ by DEC 2019, tons of people bail on it on a regular basis.

What is the basis of this thing? Most probably this is a newbie ways of thinking. The price of bitcoin will not go lower that $4000 again because the market will start to pump now. I'm confident that we will not hit that price in 2019 because it will be a year of survival for bitcoin and the price will go higher that time. Believe only to yourself and don't listen no any speculation like this.

[withlove99]

BTC will go to 3k$ by DEC 2019, tons of people bail on it on a regular basis.

Please give correct proof if you may assert such so.
Or is it just a guess?
Or you listen to someone, maybe those who release bad news to make Bitcoin prices down.

[Husecomang]

If this is true then I will withdraw whatever investements I am planning to do and wait for 2019. What are your big evidences that bitcoin run will begin in 2019 ? Based on what? Charts ? History ? If we take the history then yes, 2018 and 2019 are bear markets years but this doesn't mean that history must repet again.

Another stupid people that believed in OPs hearsay reporting if you are going to withdraw investing in bitcoin then better leave crypto community also and never come back because we dont need weak and fool cryptonians
Yes botcoin will continue to stay in this value but this will never drown to $3,000 again and i am confident about that so stop fooling around and just dl your homeworks for your own good

In my opinion $6000 is the bottom price of bitcoin and it will not drop more than this level. $3000 is half of this bottom level. The end of the year is coming and I think that investment cap will increase and so the price. I am looking the price will reach to $10k till the end of this year. Current situation of the market is the reason that people give such foolish statements.

[arpon11]

BTC will go to 3k$ by DEC 2019, tons of people bail on it on a regular basis.

The governments,media and elites will ever fight bitcoin and cryptocurrencies in general as there cannot control it.  Bitcoin go back to $3000 in 2019 are things that one cannot believe and I have tried to come to this through analysis but it is not adding up.

[wuvdoll]

BTC will go to 3k$ by DEC 2019, tons of people bail on it on a regular basis.

Hey on what grounds have you reached this conclusion? Do you even have any conclusive proof to back your theory? This seems another attempt to rattle bitcoins investors by making vague statements with no actual information. If you're observing current trends there're pro bitcoins activists on board in the Sec, which means sooner or later Bitcoins ETF will get approval. In news also we're seeing many major corporations, countries are looking at bitcoins as a future currency, so bitcoins prices shall shoot up not down.

Apparently, I do not expect him to have any concrete proof to back it up, except of course where the wedge converges to is towards $3k but that simply does not mean the market would get to that stage before it eventually picks up again. Bitcoin market is trading around $6500 like a rock and this is the more than enough proof that $5800 is still remaining as a big resistance hence we never need to worry about $3k levels.

For what it is worth, I want to believe that we are in a situation where nothing is certain at the moment, we have been seeing certain reactions in the market like the bears being rejected lately, and then who knows what is really going to happen next ?

[cabron]

BTC will go to 3k$ by DEC 2019, tons of people bail on it on a regular basis.

Hey on what grounds have you reached this conclusion? Do you even have any conclusive proof to back your theory? This seems another attempt to rattle bitcoins investors by making vague statements with no actual information. If you're observing current trends there're pro bitcoins activists on board in the Sec, which means sooner or later Bitcoins ETF will get approval. In news also we're seeing many major corporations, countries are looking at bitcoins as a future currency, so bitcoins prices shall shoot up not down.

Apparently, I do not expect him to have any concrete proof to back it up, except of course where the wedge converges to is towards $3k but that simply does not mean the market would get to that stage before it eventually picks up again. Bitcoin market is trading around $6500 like a rock and this is the more than enough proof that $5800 is still remaining as a big resistance hence we never need to worry about $3k levels.

For what it is worth, I want to believe that we are in a situation where nothing is certain at the moment, we have been seeing certain reactions in the market like the bears being rejected lately, and then who knows what is really going to happen next ?

You may think its unusual for the price to go deep $6k but e may be right if you think about when the price actually started its pump last year it use to be just $800 and then goes up to more than $1000. I was surprise it reached up to $5k in less than a year. OP may have think of it being where the price could go if those who pumped BTC are going to really dump. They may be having second thoughts for now because that will lead them being burned once big finance companies buy all the btc they are about to dump. Bu then anyway $3k or not, a lot will buy BTC.

[gabmen]

BTC will go to 3k$ by DEC 2019, tons of people bail on it on a regular basis.

The governments,media and elites will ever fight bitcoin and cryptocurrencies in general as there cannot control it.  Bitcoin go back to $3000 in 2019 are things that one cannot believe and I have tried to come to this through analysis but it is not adding up.

That's more than a year from now. I wonder where that came from with most predictions looking positive for btc next year. Unlikely to happen and i think it's a random speculation.

[el kaka22]

BTC will go to 3k$ by DEC 2019, tons of people bail on it on a regular basis.

The governments,media and elites will ever fight bitcoin and cryptocurrencies in general as there cannot control it.  Bitcoin go back to $3000 in 2019 are things that one cannot believe and I have tried to come to this through analysis but it is not adding up.

Fighting is one thing that would not end up productive for them, which is one main reason why we have been seeing a lot of government trying as much as possible to see the ways they can at least regulate it and benefit from it than having to fight it.

This is something that brings a great benefit and over time the demand will keep on springing up and since we are talking about some global effect here, no country will certainly want to be left out of the whole equation as the case may be. We cannot say how far low bitcoin would go, but we can at least say there is a great future for it.

[Lordofervi]

I bring a clear view of how the BTC situation is at this time.

1. The presence of fiat value in the cryptocurrency market.
2. the absence or loss of cryptocurrency value in the fiat market.
3. blockchain technology
4. Legal

the first, is report for each quarter between the exchange platform that provides exchange between fiat / crypto
second, activity (economy data) between fiat / crypto related to blockchain technology

In the case of a fall due to the loss of money in the cryptocurrency market is due to the following case.
first, the growth of the new development and new projects.
Next, the collection by crowdsale / ICO / IPO / Sale event (Million ~ Billion Dollar)
after sale event done, by developer hand to the total amount of the collection, they converted to BTC / ETH and converted to fiat to enable the development got any resources or meterial in real world to develop their project.

while the investor as the holder will receive the developer's token / coin where the token is revalued to BTC
question, where the return of the fiat to BTC??

[Whosdaddy]

Calm your horses, just because bitcoin dropped a bit doesn't mean it will go to $3k all of a sudden. Those type of big movements take time and it usually repelled by the miners because they do spend some certain amount of money to mine bitcoin and they are not willing to spend money for free so they keep the bitcoins they mine and there are lot of patient investors as well.

Combine those two types and noone is willing to sell their bitcoin for $3k which means the price stays afloat at a level where it is still profitable to sell bitcoin for miners. Calculate what it costs for miners to mine and you know the bottom for btc.