Do you think Bitcoin price will bottom out at $3000?

[pakhitheboss]

I think it should.

As per CMC the total Market cap is only $121 billion. If the price of Bitcoin hits $3000, then the market cap approx will be $100 billion. I may be wrong in the calculation, but it will be less to what it is now. Which means most of the short term investors and panic sellers have left the market. Those who are left are either long term holders and big whales.
The only option left for these whales is to pump the price  at $3000 level.

What do you think? will stop at $3000 level or will it go further down

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[Yourdoomed]

Why would it look at the charts and the news seems like game over to me, lots of investors will have to bail out and those with big profits will take some.  Feel free to buy some more though as crypto is cheap the real question is why ?

[pakhitheboss]

Why would it look at the charts and the news seems like game over to me, lots of investors will have to bail out and those with big profits will take some.  Feel free to buy some more though as crypto is cheap the real question is why ?

What do you mean by Game Over? and as per the charts I am asking this question?
The charts at the moment say $3000 level, few days back it was $3500

[itsmattchan]

Truth is no one knows.

[satosibtc1000]

I think that Yes it will reach this level and begin to rise, it is my personal opinion. But I believe that the growth will start soon !

[xanxus.kun]

In my opinion, I think it will continue to fall and the problem is we don't know how deep it will fall. A lot of my trusted resources online shares the same opinion and they're are thinking that no bullish season will happen until 2023, I just hope that they're all wrong, that we can still experience the same bullish season we've last year.

[pakhitheboss]

I think that Yes it will reach this level and begin to rise, it is my personal opinion. But I believe that the growth will start soon !

I also believe the same. But, the amount of manipulation in the market makes me think twice.

[pakhitheboss]

In my opinion, I think it will continue to fall and the problem is we don't know how deep it will fall. A lot of my trusted resources online shares the same opinion and they're are thinking that no bullish season will happen until 2023, I just hope that they're all wrong, that we can still experience the same bullish season we've last year.

Few of my friends are saying that Bitcoin will reach the level of $750–$920, which was the price of Bitcoin in January 2017 and by first quater or second of 2019, it will bounce back.
I do not think this will happen and I hope for the same.

[LeGaulois]

There is a high possibility honestly. I am not so afraid of. I am more worried about the result it will give. I believe people are leaving the market, it isn't what I am worried about, but more about a possible "snowball "effect. Perhaps once the purge is finished we will be at least able to see where we are going to.

[Cryptoreflector_666]

I think it should.

As per CMC the total Market cap is only $121 billion. If the price of Bitcoin hits $3000, then the market cap approx will be $100 billion. I may be wrong in the calculation, but it will be less to what it is now. Which means most of the short term investors and panic sellers have left the market. Those who are left are either long term holders and big whales.
The only option left for these whales is to pump the price  at $3000 level.

What do you think? will stop at $3000 level or will it go further down

The price will definitely go further down - it is obvious. The other question is what's going to happen with bitcoin this year? There is a suspicion that the calm in the price range will last for several months until the spring, in order for the vigilance of people to fall and then the bulls will start to throw up the price so high that it will be impossible to buy in a few days.

[Yaunfitda]

At this point, everything is possible. The selling pressure is very real so I wouldn't be surprised if we bottom at lows $3K. The bears are not yet done, they are not exhausted so there are a lot of pressure selling.

And there are no people buying as well. Other's say BTFD, but no one is making a move because of the negative sentiments specially when BAKKT postponed their offering. I think its the last straw that's why we see fresh round of dumping in the last 48 hours or so.

[oudekaas]

I think yes. The last level as for me is 2900$. After this target crypto will start growing. I think that the next bullrun will start in Q1 2019. Also it can be some later. Now it's better to hold.

[Luke_Turner]

I hope not, but at the rate the price is dwindling down, it's possible. Also, who's to say it will stop at $3000? It might go lower, but maybe the $3000-$6000 is going to be the new normal. It might go higher as the year ends. Thing is, we don't know for sure, but as long as people are patronizing it then bitcoin is fine imo.

[ogini]

The price is going down each day by day and no one can really tell or predict if it will button at $3000 or it will go below that but all we know is that the price will not remain in red colors forever.

[timotron]

Difficult to say, I have betted on supporting at 3600E

That makes 7x to 21K, which could happen next year, maybe 30K  aprox 10x from here.

Don't buy all at once, distribute your buys and take some time. Good luck!

[Sqooshy]

Indeed, that will be the best time to buy, 2018 is a bear market. I believe with Ohio now excepting bitcoin for taxes it will boost the price buy quite a bit.

[tenakha]

I think it should.

As per CMC the total Market cap is only $121 billion. If the price of Bitcoin hits $3000, then the market cap approx will be $100 billion. I may be wrong in the calculation, but it will be less to what it is now. Which means most of the short term investors and panic sellers have left the market. Those who are left are either long term holders and big whales.
The only option left for these whales is to pump the price  at $3000 level.

What do you think? will stop at $3000 level or will it go further down

According to the price volatility everything can be. We don't know what we are gonna face tomorrow. Unless there is an innovation against the price decline we can see even below 2k. The darker price, harder it gets towards the darker and I think we are close to that dark color. A new breath is needed and subsequently everything can be fixed.

[neocryptrix]

I think one of two things is going on. Either we are going to zero, or institutional investors are pushing the price down to buy up the BTC's of the retail investors. Either way. You should only risk what you're comfortable losing. The price is already too low to profit off of mining so the fact that the network is far from vulnerable demonstrates that the community still believes in the future to continue mining at a loss. If those miners lose hope then we will see zero.

[felicita]

thats the only question when we hitting the bottom. And its always the Question on every fall .
Most users here hope we have still reached out the bottom currently.


kind regards

[ambisyon]

I think btc will no longer go deep down to $3k and most likely this will be soon back  to normal in a couple months. As per observation, the expected bull market may not be clear in December but I would speculate that there  will be a slight increase but not a major bull market.