BTC Falling to mid 3K Will it go down more?

[WinslowIII]

We may be back to $250 which was the case in 2015 and I'll be fine with it as I haven't invested in BTC but ETH is falling despite being more stable than BTC which is affected my other coins as well.

I think you are quite a fool if you believe bitcoin could dump to $250 and these shitcoins you are into would be fine. If bitcoin drops off the edge of the cliff, I assure you every shitcoin will go down with it, and fall even harder.

[Pumapipa]

Based on this posting bitcoin had fallen to $3400, surpassing mid $3000. There are plenty of days befre the year ends, with this many have speculated bitcoin to fall down as low as $2000. This is the sad truth of once a mighhty coin who stood out last year. We are hoping that next year will be a good year for all of us. I do hope that the market will all be green again.

[Stunning]

so just prepared for the worst scenario (bottoming) and best scenario (start of the bull run).

They both sound like best scenarios to me. I have already decided I won't be selling and so all there is to do now is wait. I want the bottom to come around as quickly as possible so that market recovery can begin.

The more there will be the bear market the more it will delay the bull market that is why we have to think the previous bear market as enough and have to think that as the bottom and now have to prepare for the bull market as if the bull market will start from now then we may see a good time in the near future.

[Agarthian]

yeah since the time of the post its fallen to 3200 with small rebounds from there and back to 3300-3500 range today.


Lets see what happens in the coming next weeks . I feel it could go either way but the more down it goes now the more violent resistance it will meet and better chance of it giving a small relief bounce upwards.


Honeslty a relief is pending but if we continue to see heavy bear pressure like this 2500 could be not far away.

[nl247]

I think the bearmarket isnt done yet as we are fishing for a bottom.

But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range


Any thoughts?

Bearish market will might continue until the year end but I may think that it won't go deeper by $3k. Anyways, we still don't have assurance or indications that it will stop by then, but I'm still positive with that.

We are sure still in a very bearish condition and of course, there is a great possibility we might get to see the market go down more, but that would all be dependent on how the trend absolutely want to end up playing that out. For now, we simply may just have to keep calm and see how events will be unfolding but as for now, there is  a possibility we might still see some little bit of fall towards $3k.

[BlackPanda]

so just prepared for the worst scenario (bottoming) and best scenario (start of the bull run).

They both sound like best scenarios to me. I have already decided I won't be selling and so all there is to do now is wait. I want the bottom to come around as quickly as possible so that market recovery can begin.

The more there will be the bear market the more it will delay the bull market that is why we have to think the previous bear market as enough and have to think that as the bottom and now have to prepare for the bull market as if the bull market will start from now then we may see a good time in the near future.

Waiting will be the best option. Now the price of Bitcoin is already in a fairly low range and usually a pumping process will occur, I am waiting for it because I can own and buy Bitcoin at a cheap price at the moment. This is an opportunity for me to be able to sell it far more expensive in the future. I am very optimistic that there will be an increase, for me this is an opportunity and I will use it as well as possible. My confidence is so great and I want to be part of the success when the price of Bitcoin experiences a pump. To the moon and I'm sure that will happen.

[arwin100]

I think the bearmarket isnt done yet as we are fishing for a bottom.

But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range


Any thoughts?

Bearish market will might continue until the year end but I may think that it won't go deeper by $3k. Anyways, we still don't have assurance or indications that it will stop by then, but I'm still positive with that.

We are sure still in a very bearish condition and of course, there is a great possibility we might get to see the market go down more, but that would all be dependent on how the trend absolutely want to end up playing that out. For now, we simply may just have to keep calm and see how events will be unfolding but as for now, there is  a possibility we might still see some little bit of fall towards $3k.

That will be awful to see and certain perspective will came towards on this event. But I will really annoyed of this certain dumps up to 2k$ will come up since many people will be discouraged to stake with bitcoins, but who really knows on the faith since 2019 is little bit nearly to come maybe we can see some good upper trend movement by this year since many scared people may reset their mindset and stake again with bitcoins.

[BitHodler]

But I will really annoyed of this certain dumps up to 2k$ will come up since many people will be discouraged to stake with bitcoins

Seems like a perfect opportunity for the market to capitulate even further, because honestly speaking, the market shocked initially, but seems to have calmed down again, which I didn't expect this early on.

I wonder what the next ~10% difficulty drop will do with the price, because that means even lower production costs and probably a lower price. I hope that I'm wrong but can't take anything for granted here currently.

Buy support is poor and there isn't much room left to the downside with how we're only a single dump away from potentially triggering stop loss orders placed just above or below the $3000 mark.

[figmentofmyass]

I wonder what the next ~10% difficulty drop will do with the price, because that means even lower production costs and probably a lower price. I hope that I'm wrong but can't take anything for granted here currently.

it probably won't do anything to the price. miners are shutting down in reaction to the price crashing, not the other way around. the hash rate has been going inverse to price all year as miners overspeculated---now we're finally hitting their pain points and seeing some capitulation.

i don't think the market cares about hash rate---most investors don't even understand what it means. it's only miners that care.

[hatshepsut93]

I wonder what the next ~10% difficulty drop will do with the price, because that means even lower production costs and probably a lower price. I hope that I'm wrong but can't take anything for granted here currently.

it probably won't do anything to the price. miners are shutting down in reaction to the price crashing, not the other way around. the hash rate has been going inverse to price all year as miners overspeculated---now we're finally hitting their pain points and seeing some capitulation.

i don't think the market cares about hash rate---most investors don't even understand what it means. it's only miners that care.

It's true that traders don't care much about hashrate, because if they did, shitcoins wouldn't be worth as much as they are worth now. It got to the point that double-spend attacks become much more common these days, and the market still doesn't care about hashrate enough. So, there's no point to worry about Bitcoin's "death spiral" or blaming miners for the price crash, like some people here do.

[Febo]

I wonder what the next ~10% difficulty drop will do with the price, because that means even lower production costs and probably a lower price. I hope that I'm wrong but can't take anything for granted here currently.

it probably won't do anything to the price. miners are shutting down in reaction to the price crashing, not the other way around. the hash rate has been going inverse to price all year as miners overspeculated---now we're finally hitting their pain points and seeing some capitulation.

i don't think the market cares about hash rate---most investors don't even understand what it means. it's only miners that care.

Yup miners follow price and not that price follows miners. 2012 bottom happened two weeks after difficulty started and then stopped decreasing.  2015 bottom happened at time when mining difficulty stopped going up.  Period of difficulty decreasing was short in 2012. So if that repeats we might have bottom around new year or in January.

[khaled0111]

All those predictions have no sense.
Bitcoin price is unpredictable, just accept it as it is.
All predictions are based on emotions.

[nydiacaskey01]

If we are going to base the price movement on last years trend, after hitting the all time high last December 17, 2018 price started to go down. By end of January 2018 the price of Bitcoin is down by 47% (almost half) from $19,288 last December 17, 2018 to $10,067 on January 31, 2018. If that's going to happen today at current price of $3,257 USD, we might see $2,000 USD by end of January 2019, granting that we follow the trend last year.

[bitcoin31]

Maybe it will decrease lower than the 3000 dollars or it steady or stable to 3000 dollars plus. But if we want to see bitcoin price become more than that price we need to buy more bitcoin again to up the value.

[rpg101]

end of year tax write off. Common in the stock market. The sooner you do it the earlier you can back into the market (assuming the same 30 day period from stocks). The buy backs will start last week of December, first of January. Until then it depends where shorts will take it. Today's selloff didn't bring any eager buyers. Lets see how the asian market will react

[onebtcforlife]

Many people are predicting the price of Bitcoin will go below 3000$ but nobody has any clue about it. But still, there are many who has very huge expectation in Bitcoin price. By next year we might see the price of Bitcoin will easily cross more than 6000$.

[Wilhelm]

Many people are predicting the price of Bitcoin will go below 3000$ but nobody has any clue about it. But still, there are many who has very huge expectation in Bitcoin price. By next year we might see the price of Bitcoin will easily cross more than 6000$.

We do know that it is getting harder and harder for the bears to push down the price.
As long as the fundamentals don't change I feel that under $3k will trigger hard pushbacks.
Under $3k is a good buying oppurtunity that many will jump at, including myself.

[tosmartak]

I think the bearmarket isnt done yet as we are fishing for a bottom.

But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range


Any thoughts?

Bearish market will might continue until the year end but I may think that it won't go deeper by $3k. Anyways, we still don't have assurance or indications that it will stop by then, but I'm still positive with that.

well, currently the price of bitcoin is stable at $ 3500. even though it looks stable, it is possible to decline even further, because we know that at the end of the year there is always a decline, and at the end of this year it hasn't ended.

Nothing is stable for now. We are still in a bear market and the market of course can still manage to hit lower values as time goes by. Like you have said, I would say there is simply no way anything has ended yet and we might still get to see the bears in further actions. There may be some little trend upward in the short term, but that does not mean that has cancelled out the bear market yet, at least for now.

[andrei56]

I think the bearmarket isnt done yet as we are fishing for a bottom.

But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range


Any thoughts?

Your prediction became true and that is exactly what it is happening, I just hope the bulls have enough strength to hold their own against the bears and do not allow the price to that much lower but that does not seem likely since the bears are doing everything they can to make the price even lower and it does not seem like there is an end in sight to their desire to make the price even lower.

[Klausi]

I think the bearmarket isnt done yet as we are fishing for a bottom.

But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range


Any thoughts?

Your prediction became true and that is exactly what it is happening, I just hope the bulls have enough strength to hold their own against the bears and do not allow the price to that much lower but that does not seem likely since the bears are doing everything they can to make the price even lower and it does not seem like there is an end in sight to their desire to make the price even lower.

For now the bull still trying to strive harder to beat the bearish trend and that's a very struggling scenario. Many people specially the new traders who panic and dumped their asset when they saw price starts to rise. It's good to buy while current price is at very cheap price, in order to benefit once market of crypto starts to spike at better and increasing value.