Next Stop of BTC.....5000$

[Stedsm]

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.

Yes I know that now, and I've already apologized for this in my message here: https://bitcointalk.org/index.php?topic=5069265.msg47927152#msg47927152

DO you mean the rumors of Bitmain allocating hashrate out of BTC into BCHABC could be causing this price speculation? it's possible.

Yes it is, because the war is being spread wisely through words only, but due to them playing hard over these debates, they're trying hard to influence the crypto audience as well as miners to get them their sides each, this is stressing out real hard and due to talks getting stretched to personal levels, this is not going to be easy this time and we're to fight it out with ourselves only to keep the value where we want it. Whether BCH or BTC, we don't want to get the values thrown down to dirt levels because that will only affect the whole crypto market cap to drop down hard, don't you think so?

[beerlover]

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.

Of course it is something that is expected to happen even as much as a lot of people were shouting bull run or thereabout, and this is usually the time we get to see a lot of people end up capitulating and before you know it bailing out from the market and then coming back later on to say how they sold at the bottom and have now missed a new ATH.

We all have to understand the fact that the main reason why we see market act like this most of the time is to chase out the weak hands, because without that, the whales will basically have nothing to gain, so in a way, it is left for you to make that decision whether you want to be a weak hand or not.

[icohunter1024]

I think if it breaks the $ 5,000 threshold then it can go straight down to $ 4000 or even $ 3000, if not break the threshold it will recover and go up.

[hawkins]

I think if it breaks the $ 5,000 threshold then it can go straight down to $ 4000 or even $ 3000, if not break the threshold it will recover and go up.

I just hope the price of bitcoin doesn't drop below the price of $ 5000, because that will be the lowest price, and of course it can make people panic. well, even the current decline has caused many people to panic, I still hope the price will go up higher.

[miningguru]

I hope the price will not drop below 5000$ even though the market seems to be in a downtrend, only whales are manipulating the market in order to buy the Bitcoin at a very low price. So people should not panic for the little dumps in the market. When it is in a downtrend we have to stay away from the market.

[South Park]

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.

It is obvious that the current movement of bitcoin took everyone by surprise but there is not a reason to panic and to think that we are going to reach such a low price, it is likely the current price is going to remain for a few days or a few weeks and then we're going to go back to normality and the price of bitcoin will be above 6000 as it has been for the last months.

[ShortClixneoai]

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.

Be optimistic, we haven’t crossed Christmas till now. We have good ties with bitcoin and we are quite hopeful it will not let us down. It will shoot up in coming few weeks again with superb boost.

[gabmen]

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.

It is obvious that the current movement of bitcoin took everyone by surprise but there is not a reason to panic and to think that we are going to reach such a low price, it is likely the current price is going to remain for a few days or a few weeks and then we're going to go back to normality and the price of bitcoin will be above 6000 as it has been for the last months.

Well as you said, it's extremely unpredictable so it doesn't make a lot of sense to try and foresee what direction it will take from here. We've been a little complacent with the previous stagnant price that the dump shook a lot of people. Guess we just have to prepare for whatever will happen in 1 and a half month.

[Pursuer]

in this market if you want to be successful then you have to stop being excited about each price move. for example in this case you are acting irrational and based on emotion saying price is down to $5k or in case of rises for those who saw $20k and thought $100k is the next stop.
this move was a small one, although it is risky but this drop is all there is. you can't predict any lower level based on nothing since it has dropped because of nothing! and as manipulations go, they are unpredictable.

[GregH37]

When someone starts a topic like this I usually say stuff like "that will never happen" or "I do not believe the price would go down that much" and what not but after last night I can definitely see something like that happenning now. The trouble with my thinking was I really believed bitcoin can't go lower than 6 thousand because the price wouldn't make sense for miners to sell, when the miners decide to not sell for anything under 6 thousand dollars the buyers wouldn't be capable of finding cheap bitcoin and that's why price would always stay above the 6 thousand dollars.

However, last night the miners themselves literally sold bitcoin to cover for their war and that wiped out all the logic I had for my 6 thousand dollar limit, it was miners themselves that caused it, which means there is really no turning back, if they want to sell all they have, we can't stop it.

[suzanne5223]

When someone starts a topic like this I usually say stuff like "that will never happen" or "I do not believe the price would go down that much" and what not but after last night I can definitely see something like that happenning now. The trouble with my thinking was I really believed bitcoin can't go lower than 6 thousand because the price wouldn't make sense for miners to sell, when the miners decide to not sell for anything under 6 thousand dollars the buyers wouldn't be capable of finding cheap bitcoin and that's why price would always stay above the 6 thousand dollars.

However, last night the miners themselves literally sold bitcoin to cover for their war and that wiped out all the logic I had for my 6 thousand dollar limit, it was miners themselves that caused it, which means there is really no turning back, if they want to sell all they have, we can't stop it.

I agreed with what you said but if the demanding of the market is not high there's possibility for the miners to sell at bottom price and we must not forget that acouple is thanksgiving which some bitcoin may need an emergency fund for their families I presume this will also lead to dump price.
Meanwhile, bitcoin will experience but not $5000 price range and it that does happened, it wont take awhile before the market spark up.

[bitbunnny]

in this market if you want to be successful then you have to stop being excited about each price move. for example in this case you are acting irrational and based on emotion saying price is down to $5k or in case of rises for those who saw $20k and thought $100k is the next stop.
this move was a small one, although it is risky but this drop is all there is. you can't predict any lower level based on nothing since it has dropped because of nothing! and as manipulations go, they are unpredictable.

Exactly, I don't know where all this drama is coming from. Are there no reasonable users who have experience with Bitcoin and have seen different scenarios with price? It looks like only newbies that are making terrible panic are involved. So much emotions that are no necessary at all.
Even if the price goes down to 5000$ it's not the end of the world. Stop thinking that Bitcoin is only valuable if the price is above 10000$.

[minersday]

in this market if you want to be successful then you have to stop being excited about each price move. for example in this case you are acting irrational and based on emotion saying price is down to $5k or in case of rises for those who saw $20k and thought $100k is the next stop.
this move was a small one, although it is risky but this drop is all there is. you can't predict any lower level based on nothing since it has dropped because of nothing! and as manipulations go, they are unpredictable.

Exactly, I don't know where all this drama is coming from. Are there no reasonable users who have experience with Bitcoin and have seen different scenarios with price? It looks like only newbies that are making terrible panic are involved. So much emotions that are no necessary at all.
Even if the price goes down to 5000$ it's not the end of the world. Stop thinking that Bitcoin is only valuable if the price is above 10000$.

I really doubt that we are gonna test $5000 during the last few days, maybe we are going to bounce back again and the price is gonna recover

anyway, no one knows what can really happen in here, but we all want to see the market and all the coins recovering

I would be glad if btc touches at least $7000 again

[South Park]

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.

It is obvious that the current movement of bitcoin took everyone by surprise but there is not a reason to panic and to think that we are going to reach such a low price, it is likely the current price is going to remain for a few days or a few weeks and then we're going to go back to normality and the price of bitcoin will be above 6000 as it has been for the last months.

Well as you said, it's extremely unpredictable so it doesn't make a lot of sense to try and foresee what direction it will take from here. We've been a little complacent with the previous stagnant price that the dump shook a lot of people. Guess we just have to prepare for whatever will happen in 1 and a half month.

Being prepared for whatever happens is the only thing that we can do, most of the time I see people that are preparing themselves for the next bull run and while there is nothing wrong with that most of the time they are not prepared for a scenario in which the market doesn't move for a very long time or a scenario in which the price goes down and that is why they panic.

[justspare]

I don't know what happened today but the whole market is in red like when a lady gets her menstrual cycle. I do not worry so much, I even bought more coins this afternoon. It will surely make me a 115-120% ROI within a week or less :p The usual newbies will sell their coins and regrets in 2 days later when the price comes back.

That is always how it ends up. The smart ones will see it as an opportunity to be picking more and then having some good gains in the long run eventually and then we will see the weak ones selling at loss and losing hope on the market, which is practically what the whales or the market generally wants.

It is obvious to see people panic sell anyway and since we tried to push out of the triangle, and there was no buyer to participate to push it higher, I guess we ended up seeing sellers and more weak hands to push it lower. Looking forward to a good bounce as we move on from here and looking to buy every single dip on the way down.

[richan]

5000  USD is the last price bitcoin could trade. Even though the market is bleeding and things are bearish but the possibility of bitcoin rising back to 20,000 is still high and that is my prediction for the first quarter of 2019.

[Rune]

5000  USD is the last price bitcoin could trade. Even though the market is bleeding and things are bearish but the possibility of bitcoin rising back to 20,000 is still high and that is my prediction for the first quarter of 2019.

You are very hopeful I doubt 5000 is the bottom for the gushing bleedout the bottom is around 2500-3000 id say just like when we first went to 1200 we dropped to 100 and stabilized at 200 this could be a fall to 2500 and stabilize after at 5000 usd considering putting up buy order longs at 2500 USD I would say

[arpon11]

Bitcoin is heading toward $4500 base on the level it is falling today.  I am surprised to see bitcoin just a little above $5000 . Things are really going down and to me it is still worth to hold if you have a long term view in mind.  Selling now is selling at loses, above 50% of those holding bitcoin must have bought above  the current price.  It takes serious patient for you to keep faith with the market as the current market conditions is discouraging.

[Pab]

So today we have bitcoin at 4800$  if break we will see 4500$
Bloody days i am curious why.Is it because of SEC
Or maybe selloff on technology
Nasdaq is only 26 points from 7000$ support level
ETH on last hope support 150$
Or we will have strong rebound or armagedon

[OrangeII]

So today we have bitcoin at 4800$  if break we will see 4500$
Bloody days i am curious why.Is it because of SEC
Or maybe selloff on technology
Nasdaq is only 26 points from 7000$ support level
ETH on last hope support 150$
Or we will have strong rebound or armagedon

You're right, right now, it's the lowest price for Bitcoin and Eth since the beginning of 2018. Well, I think this will be a good end of the year, however, at the moment the price is really beyond expectations. well, but this has become a risk from the world of crypto.