Next Stop of BTC.....5000$

[bitcoin31]

I want the value of the bitcoin to up again, but depends on the situation if many people buy again bitcoin because now a lot of people who are selling their bitcoin so the value decrease more and I hope they will stop them.

[hahay]

This is what I have felt so far, before many said that the market would recover at the end of the year. Even so far I have always seen if at the end of the year the time for correction to occur, we can see that the market is now red again and this is a big correction and it is likely that there will be many people who panic too. Yes it looks like the next stop is at $5k, we need a long time to see a recovering market or maybe this is the time to rise in the near future. Be patient.

[arpon11]

Today market is going down and in a single day 112B$ to 101B$ and still it is going down. Do you think it is getting ready to move up or it will go down further towards 5000$ or more. Track record of BTC shows that it is vrey un-predictive to predict about BTC.

We are already in and whatever happens we have to face it.  $5000  is possible and turning from $5600 is also possible.

  I just read a post now when the op said bitcoin is never going to go below $5000 but to me we can not really predict this market and the best thing to do is, knowing how volatile this market is and buying as much as you could when it is down and do likewise when it up.  
Remember that since yesterday bitcoin has lose over $750 dollars and this is a huge loses in the face of this bearish market.  If you are still holding it is best to keep holding until you can sell above your purchase price as bitcoin will still recover in future.

 If you have risked capital you can also buy now that bitcoin is extremely cheap.

[irsada]

sometimes many people say BTC will increase at the end of the year, but on the contrary what happens now is a decline that reached $ 5600 I think this will continue until it touches $ 5k
now it will be truly tested for the patience of everyone who has BTC.
but I'm sure this won't last long, BTC will go 10k in a few days.

[glowing10]

I want the value of the bitcoin to up again, but depends on the situation if many people buy again bitcoin because now a lot of people who are selling their bitcoin so the value decrease more and I hope they will stop them.

It will not fall to 5k levels. Should be rising soon now and somewhere similar to last year if it happens now we can find btc to 15k levels before the year end. Though the next question is that will it be able to sustain in the long run on those levels is the bigger question. But for now time has come to buy some on the dip.

[bitbunnny]

Yes, 5000$ could happen. Still I don't think that it will go lower than that but it's important for users not to start panic selling and to make bad decisions.
It's a correction that to my opinion will not turn to serious dump.
Anyway it's a surprise for some who expected a huge pump at the end of the year and now they are experiencing the price fall.

[Stedsm]

This is all being done by those very supporters of BCH before the hard fork, I've read an article over this here: https://www.livemint.com/Money/R7zsFnlAt4QnOv4UCet6QI/Satoshi-vs-Bitcoin-Jesus-Bitcoin-Cash-battle-turns-persona.html where everything looks to be explained perfectly as to what's affecting the markets so badly. Due to the mining wars that have started and the hash rate of Bitcoin is dropping down gradually after BCH seeing an instant spike on the hard fork news, I believe it's a matter of concern and it (the dump) will now only cool down once BTC proves to be the winner again in this controversial debate. Though, wait for December to come, and then see.

[BigTeeths]

Today market is going down and in a single day 112B$ to 101B$ and still it is going down. Do you think it is getting ready to move up or it will go down further towards 5000$ or more. Track record of BTC shows that it is vrey un-predictive to predict about BTC.

Some people are connecting it to CBOE contract that expired today. They are thanking it for the massive FUDs spreading around. But I still don't worry because I'm sure the OTC whales will buy it back to $6k value. The market was manipulated so well so it's up to you guys if you want to quit because that's what they want to happen.

[tytanhamon04]

I think that the price will reach the level of 4800 and then very much bounce up, just think that this fall means that there will be a good growth and very soon !

[Cacingkemi]

It seems possible but we also have to make sure whether it will continue to plunge or not,now around 5670 has dropped in the range of 5500 but surely investors will not stay silent for sure we will carry out this push.

[BitcoinPanther]

Today market is going down and in a single day 112B$ to 101B$ and still it is going down. Do you think it is getting ready to move up or it will go down further towards 5000$ or more. Track record of BTC shows that it is vrey un-predictive to predict about BTC.

Yes it is true that predicting bitcoin price movement is really hard, even indicators shows that bitcoin is going bullish when all of a sudden a drop in price happen.  I do think that there is a slim chance for BTC to hit below $5k, and hoping this is just a dip before the rise.  But this is cryptocurrency and anything can happen so I guess better be holding than shorting and buy when it goes lower.  Remember BAKKT is just around the corner and many believes that it is one of the catalyst for the price to catapult.

[squall1066]

this is interesting, I believe most of this is preparation for the fork, many will not want to see what the price does AFTER it so they make a calculated decision to cash out before, its nothing to worry about, we have all ways come back with vengeance, miners will all ways mine most profitable coins (only true for non veterans) so who knows what hash rate they will be taking.

I am still overwhelmed as to how much hashing power we do still have as the price does not warrant it :-/

I do still think we have a ways to drop for now, might hold down a month or two, which will in turn push more people to panic sell, which will drop the price more, we will see the 7-8k mid 19 with touching 10's again in early 20, any other ATH will be just a spike, sell then.

this is just my opinion.

[Kemarit]

Today market is going down and in a single day 112B$ to 101B$ and still it is going down. Do you think it is getting ready to move up or it will go down further towards 5000$ or more. Track record of BTC shows that it is vrey un-predictive to predict about BTC.

Some people are connecting it to CBOE contract that expired today. They are thanking it for the massive FUDs spreading around. But I still don't worry because I'm sure the OTC whales will buy it back to $6k value. The market was manipulated so well so it's up to you guys if you want to quit because that's what they want to happen.

I haven't looked at the angle. Probably its a combination of the BCH war + CBoE bitcoin future contract expiring that triggers and cascading this massive sell-off. So this is another unknown territory again for newbies to get in while the price is at $5800 last couple of months. To be honest, I don't think that we can get below $5000 so let's see, if I'm not wrong, the fork will be today so we all need to be vigilant and see how everything goes. Wright has been in tweeter tirade as of late because of the split with BCH-ABC so its going to be interesting. But for now all we can do is to wait till the dust settled and hope that it won't go further down.

[LeGaulois]

@cellard, you may be right while thinking below $5,000 is a more realistic price, but an adjustment of 20% within a 24h period is not a "natural" adjustment. It's something that usually takes place within several days or weeks. I didn't read the news so don't know what's going on.

I've been reading the news myself looking for something that would explain it and I only found the 2 things that I mentioned, and these aren't probably relevant at all. Asymmetry in information is always there so we may be missing something. Until someone comes up with a better explanation, I believe it's futures contract expiration manipulation as usual. They want to reach total demoralization point so they will continue trying to keep the price low. Their only goal is to become the biggest players on bitcoin and they have the tools to do so. Once they have amassed a couple million BTC they will default on USD debt and claim BTC as world reserve currency. This is a long term plan of 10+ years so this is nothing.

I have already thought about this and not because I saw the cover of The Economist magazine, but I have arguments and facts that go in the same direction.  I could go far, but it's not easy to have a proper discussion in the forum.

The NSA started to research about creating a cryptocurrency in the 1990s. There is a document from the NSA itself on this subject that is accessible to all. We don't know what they did with it afterward, but we know very well that usually the new technologies available to the mass population have already existed for a few years and are often used firstly by the national defense (e.g., Internet, Bluetooth,...) and some other industries. I will not debate the Satoshi's unknown identity, but a project like Bitcoin could very well come out of an American agency (at least they could very likely have the capabilities.


The NWO plan? Yeah, that's also an argument.
Creating a universal currency was a project that was thought out decades ago. Europe has served as a laboratory, both politically and economically, for the creation of a single government and a single currency (Euro currency, European Parliament, European laws, European economy, etc.) Now European countries have to abide by the European laws before the national laws.
European citizens are brainwashed with Europe on the news daily. Europe this, Europe that, EU quotas, EU presidency, EU refugees,...


If one of their goals is to create a monetary reset and switch to Bitcoin as a universal currency, why did they make it possible the creation of other cryptocurrencies, and did the project as Open Source? It seems better to not create an Open Source project in such cases. To attract the trust? But they also attract competitors (the altcoins), so...

[Mr.grin]

this is interesting, I believe most of this is preparation for the fork, many will not want to see what the price does AFTER it so they make a calculated decision to cash out before, its nothing to worry about, we have all ways come back with vengeance, miners will all ways mine most profitable coins (only true for non veterans) so who knows what hash rate they will be taking.

I am still overwhelmed as to how much hashing power we do still have as the price does not warrant it :-/

I do still think we have a ways to drop for now, might hold down a month or two, which will in turn push more people to panic sell, which will drop the price more, we will see the 7-8k mid 19 with touching 10's again in early 20, any other ATH will be just a spike, sell then.

this is just my opinion.

well, let's wait for that. however, at the moment I think there are so many coin holders who have started to panic at rapidly decreasing prices. well, right now, prices are starting to stabilize again. I hope the price of the cryptocurrency will recover quickly for this year.

[Theb]

There is a possibility of a free fall but if we will consider its charts you will see that BTC is extremely oversold already and the volume as well is thinning out on its hourly chart, this only means that the selling has stop drastically on the past 12 hours. Also MACD is way below 0, even though it is not pointing upwards yet it didn't stray away from the bearish crossover we had. 5,050$ is a possibility as our last support is in there before it drops down to 3,900$. Hopefully we just recover at this moment bu there is really no assurance that it will also happen.

[1Referee]

Due to the mining wars that have started and the hash rate of Bitcoin is dropping down gradually after BCH seeing an instant spike on the hard fork news, I believe it's a matter of concern and it (the dump) will now only cool down once BTC proves to be the winner again in this controversial debate. Though, wait for December to come, and then see.

Perhaps a good idea to fact check what you read? Bitcoin's hashrate didn't drop at all, it just fluctuated as it has been doing for a while now;

https://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart

It was BCash hashrate that dropped significantly as seen here in this chart;

https://www.coinwarz.com/network-hashrate-charts/bitcoincash-network-hashrate-chart

People give CSW too much credit for all his deeds, while the main contributor, especially in financial terms, is an asshole named Calvin Ayre. Don't fear those who are barking in front of your face, fear those who lay low and let their sockpuppets do the dirty work.

Positive aspect of the price fall is that when Bakkt is allowed to push its futures market live, there'll be a heck lot more demand now.

[BlackPanda]

Today market is going down and in a single day 112B$ to 101B$ and still it is going down. Do you think it is getting ready to move up or it will go down further towards 5000$ or more. Track record of BTC shows that it is vrey un-predictive to predict about BTC.

This is a situation that is not easy, we are in a very difficult condition.
I think we should try to be patient and face this condition with calm.
Many people experience losses and this is indeed difficult to avoid.
All we can do is try to be patient while waiting for the situation to improve again.

[Stedsm]

Due to the mining wars that have started and the hash rate of Bitcoin is dropping down gradually after BCH seeing an instant spike on the hard fork news, I believe it's a matter of concern and it (the dump) will now only cool down once BTC proves to be the winner again in this controversial debate. Though, wait for December to come, and then see.

Perhaps a good idea to fact check what you read? Bitcoin's hashrate didn't drop at all, it just fluctuated as it has been doing for a while now;

https://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart

Yeah, sorry about that. I should have checked things before posting, but it was like I got swayed away in the words too much that I forgot to write about price that fell down, instead of the hash rate.

It was BCash hashrate that dropped significantly as seen here in this chart;

https://www.coinwarz.com/network-hashrate-charts/bitcoincash-network-hashrate-chart

Yeah, it was probably due to CSW's tweet that threatened every single miner except JihanWu that they shouldn't switch their machines to BCH or he might need to switch as well with the help of USD by dumping his BTC for the same. These clowns are trying their best to dupe in people making them lose by selling under panic attacks. I don't know why, but I feel the timing of this dump was so concrete it might have helped many big investors got their buys attacked and got BTC bought for such cheap rates after a long stable period of $6200 levels.

People give CSW too much credit for all his deeds, while the main contributor, especially in financial terms, is an asshole named Calvin Ayre. Don't fear those who are barking in front of your face, fear those who lay low and let their sockpuppets do the dirty work.

Positive aspect of the price fall is that when Bakkt is allowed to push its futures market live, there'll be a heck lot more demand now.

True, Ayre is playing behind the scenes and I only saw what's being shown in front of my eyes but didn't see what's cooking underground.

[cellard]

This is all being done by those very supporters of BCH before the hard fork, I've read an article over this here: https://www.livemint.com/Money/R7zsFnlAt4QnOv4UCet6QI/Satoshi-vs-Bitcoin-Jesus-Bitcoin-Cash-battle-turns-persona.html where everything looks to be explained perfectly as to what's affecting the markets so badly. Due to the mining wars that have started and the hash rate of Bitcoin is dropping down gradually after BCH seeing an instant spike on the hard fork news, I believe it's a matter of concern and it (the dump) will now only cool down once BTC proves to be the winner again in this controversial debate. Though, wait for December to come, and then see.

It could be related but I do not think this is relevant enough for Bitcoin to matter. As far as Bitmain allocating hashrate for BCHABC, where have you read this?

https://bitinfocharts.com/comparison/bitcoin-hashrate.html

Zoom in in the latest weeks and I do not see anything out of the ordinary, in fact Bitcoin hashrate keeps going up as usual. DO you mean the rumors of Bitmain allocating hashrate out of BTC into BCHABC could be causing this price speculation? it's possible.