“Bitcoin’s no longer boring” price could fall as low as the $1500

[Zin-Zang]

https://cointelegraph.com/news/bitcoins-no-longer-boring-price-heading-towards-15k-say-bloomberg-analysts

“Bitcoin’s no longer boring” declares Bloomberg, before stating that analysts predict the price could fall as low as the $1,500 point, a further 70 percent drop in the coin’s price.

Bloomberg cites hedge fund founder Travis Kling saying that he “didn’t sleep well” because of the potential turmoil in wider crypto markets due to the recent Bitcoin Cash hard fork:

“There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”

Looks like the warnings of btc dropping down to $1000 is not so far fetched after all.
Also looks like the analysts are blaming it all on the bcash war.

Can the Miners survive a drop below $2000?
Time will tell.   

[franky1]

more boring social drama
1. altcoins are not the cause
2. th number of $1.5k is a random pulled out of thin air number . that has nothing backing that number, no math, no stats, no reason for that particular number... thus its just a meaningless target set by someone random

all in all im thinking its some dude that just wishes he could have bought in at $1500 in 2017. missed his chance and now is praying for it to go that low.
without realising the stuff that went into the ~$6k range for 12 months
also the 12 month value line was $5800.. todays price is $5500.. only a $300 varience.. so thinking that the price is going to panic down by $4000 drop.. purely because of a $300 dip below the 12 month support... really is pushing too hard to sway the social drama sheep

[Knepala]

Can't take this article very serious, because of the reasons the person above me has already pointed out.

[Zin-Zang]

Looks like $1500 was pulled from the bitcoin chart history.
https://coinmarketcap.com/currencies/bitcoin/

$1500 is what the price of bitcoin was right before it started the run up on the charts on ~ May 04,2017.

So the Bloomberg's analyst are really thinking all of the price gains since then are going to be wiped out.

* If the Bcash Hash War causes the Billionaires involved to sell the majority of their crypto holdings to support their fork,
all of the crypto they were holding (including btc) will face a serious downward price pressure as long as the hash war continues,
Wright has already said he is willing to sell his btc down to $1000 in support of his sv fork. *
  

[ralle14]

Can the Miners survive a drop below $2000?

The big miners certainly can sustain a drop since a lot of them have been mining Bitcoin for several years.

Bitcoin could go back down to $1000,$100,$10.... but it won't because not all trader are willing to sell their Bitcoin for less except for those fork supporters.

Even if the war continues it's not enough to bring Bitcoin down to as low as $1500 imo.

[Kez1817]

   Well,maybe someone is want bitcoin to fall even $1500 so that they can buy more but i think it will not happen because people also want the value of bitcoin increase.

[rodskee]

https://cointelegraph.com/news/bitcoins-no-longer-boring-price-heading-towards-15k-say-bloomberg-analysts

“Bitcoin’s no longer boring” declares Bloomberg, before stating that analysts predict the price could fall as low as the $1,500 point, a further 70 percent drop in the coin’s price.

Bloomberg cites hedge fund founder Travis Kling saying that he “didn’t sleep well” because of the potential turmoil in wider crypto markets due to the recent Bitcoin Cash hard fork:

“There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”

Looks like the warnings of btc dropping down to $1000 is not so far fetched after all.
Also looks like the analysts are blaming it all on the bcash war.

Can the Miners survive a drop below $2000?
Time will tell.   

This article making panic give stress from the holders
But i don't believe have an effect bitcoin cash hardfork for bitcoin price drops
Let's watch and wait what will bitcoin reach this current price fall
And this article are blaming for all people to crate panic selling

[Compiler]

If it goes down so much, I personally think it's fine to some extent, since you can take advantage of it to buy and then bitcoin will recover as before. Let's hope.

[Dexion]

yes, now BCH controls the market, and even bitcoin is a victim of the BCHABC and BCHVS battles. if all investors move their assets to BCHABC or BCHVS, then bitcoin will not have a long life.

then also we will see the impact on market panic, and that makes bitcoin fall deeper again. this is sad.

but, I am still convinced that bitcoin will survive when inventory is still there.

[rickn]

The crypto market is ruled by volatility and nothing is impossible. Bitcoin fell below its $ 6k support and next big support is around $ 4.8k. If it does not respect this new support, the bearish movement can continue very strong.

[zhengqi]

This can't be happening. Correctly pointed out above that these news are not supported by any statistics, any weighty arguments. It's just another thought that does not correspond to reality.

[creeps]

Can the Miners survive a drop below $2000?

The big miners certainly can sustain a drop since a lot of them have been mining Bitcoin for several years.

Bitcoin could go back down to $1000,$100,$10.... but it won't because not all trader are willing to sell their Bitcoin for less except for those fork supporters.

Even if the war continues it's not enough to bring Bitcoin down to as low as $1500 imo.

Yeah, maybe we will reach the $1500 level again but it wont last longer since many investors and whales of course will buy more that time and expect the market to bounce back again. I’m not scared if we reach this level again, I actually preparing myself to buy more bitcoin because that is the best decision that I’ve ever made in my crypto journey.

But its better not to reach this level again, the BCH war maybe the caused of this dump but we all know it will not last longer. This situation will be settled soon and miners will mine again just like before, let’s wait for the end of this so called war.

[donadoni212]

yes, now BCH controls the market, and even bitcoin is a victim of the BCHABC and BCHVS battles. if all investors move their assets to BCHABC or BCHVS, then bitcoin will not have a long life.

then also we will see the impact on market panic, and that makes bitcoin fall deeper again. this is sad.

but, I am still convinced that bitcoin will survive when inventory is still there.

no one can predict exactly when prices will rise and will decline. anything can happen in the future. I also see the highest Bitcoin price among altcoins even in the down market, bitcoin prices are still above the altcoin. Bitcoin has given high trust to every user who is able to manage well.

[BeManga]

it seems someone want to buy bitcoin at $1500
split fork happen a lot of times before and later they realized that instead of gaining they will lost some
when they cash out or pay in some online store or other things they still need to convert it in bitcoin
its funny that still a lot of people dont realize it bitcoin is starting to gain more support and its not happen in instant
it comes from a lot of ups and down today even some physical store start to accept bitcoin
they are planning to start from scratch even billionare support that they will not win in bitcoin

[pooya87]

bloomberg has been posting nonsense like this for years. anybody can visit the "bitcoin obituaries" webpage and see that a lot of articles there belong to Bloomberg!
anything is possible in bitcoin market but coming up with a number and talking about it is just dumb because it shows lack of understanding of the bitcoin market.

in other words there is a same level of possibility for price to go up to $500,000 by next week as there is for price going down to $1,500.

[Zin-Zang]

bloomberg has been posting nonsense like this for years. anybody can visit the "bitcoin obituaries" webpage and see that a lot of articles there belong to Bloomberg!
anything is possible in bitcoin market but coming up with a number and talking about it is just dumb because it shows lack of understanding of the bitcoin market.

in other words there is a same level of possibility for price to go up to $500,000 by next week as there is for price going down to $1,500.

$500,000 (ie: ½ Million Dollars per coin) by next week ,  now that shows a lack of understanding of reality as we know it.

If you had said $10,000 or even $20,000, well I have to let that go as it has been achieved in the past, but $500,000 next week is pure disassociation with reality.

I am doubtful it could achieve that even by next century let alone next week.

[oppasong]

This article clearly states that with the price of bitcoin continuing to fall, it is very likely that with this new bitcoin cash appearing this will cause the price of all crypto to go down immediately and if it will be linked to your question Can Miners survive under $ 2000? it will be difficult for me to predict it so that time will answer all.

[pooya87]

in other words there is a same level of possibility for price to go up to $500,000 by next week as there is for price going down to $1,500.

$500,000 next week is pure disassociation with reality.

my point exactly!
saying price will drop to $1,500 is "disassociation with reality" as saying it will rise to $500,000 by next week.
$500k is a random number that i pulled out of my ass, just like Bloomberg did. the only difference is that i didn't write an article about it and i don't own a big news website to publish it. otherwise the principle is the same.

[piepie.asean]

Of course, before, the virtual currency market has experienced many ups and downs. But this downturn could have a longer-term impact on whether the technology is globally acceptable. As many non-tech people have invested in virtual money over the past year and are losing money.

[Zin-Zang]

in other words there is a same level of possibility for price to go up to $500,000 by next week as there is for price going down to $1,500.

$500,000 next week is pure disassociation with reality.

my point exactly!
saying price will drop to $1,500 is "disassociation with reality" as saying it will rise to $500,000 by next week.
$500k is a random number that i pulled out of my ass, just like Bloomberg did. the only difference is that i didn't write an article about it and i don't own a big news website to publish it. otherwise the principle is the same.

Ok, you worried me there for a minute.   

I don't think they made up the # , I believe they used the baseline chart price before the last big rise.
$1500 is the price of btc on ~May 4, 2017 , it was the base at the start of the BTC last big rise.

BTC lost $1000 in 1 day, so a few more thousand in a few weeks to months is not extreme.