BITCOIN is right now 3300 USD - Etherum 80 USD... Where is the bottom?

[randythered]

People want something to believe in, so that they can justify their decisions to themselves. There was little buying at 6k even when we where there for months, there just wasn't much selling either. Now that people started to sell we can see how quickly we're falling.

The argument about stock markets is naive. Why would people pull their money from one falling market and move it to another falling market? They'll be pulling their money from stocks to cover mortgages, debts, business costs etc that they're struggling to cover because the economy is in a downturn.

When we first time hit 6k there were a loot of buyers. Huge buy volume pushed price up. Same was second time. On 15 min candles you could see how manny investors thought that 6k is extremely cheap. Each bounce after that was weaker. There was less buy strenght. Last 2 bounces was made without strong buyers. We didnt break 6k half year ago just because whales was too scared to break it and they stops selling close to support. It was obvious that we will break it sooner or later without good news (like etf).

Now 3800 looked strong. Again we had stron buyers thinking that 3800 is cheap but panic selling break them in 10 days. Now 3400 after bart formation looks good but not as strong as 3600 was. I guess we will again break it and maybe find stronger support at 3000 or 2500. For now we need to have hope that 3400 will hold long enough.

The first few times we hit 6000 that is true, but not after we got stuck there for months on end. That in hindsight seemed like a clear indication that there was little buying going on and that eventually with some negative news that support would break. It could be the same thing with the 3000s if we can't break out before too long.

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[Tagus45]

It is difficult to predict for sure and depends on market conditions, and if the market gets worse then prices will fall further down, and maybe btc $ 2500 and eth $ 60.

[Biodom]

Something between $700 and $900.

I think so too.

When bitcoin bubbles pop the price usually goes back down to the previous bubble top, or slightly under.

Nope. $32 bubble top, next bubble's ($1160) low was $150.
Now, do you think that $150 is lower than $32?
Rhetorical question.

[gentlemand]

Nope. $32 bubble top, next bubble's ($1160) low was $150.
Now, do you think that $150 is lower than $32?
Rhetorical question.

That used to be the case when people had a heady two bubbles to choose from, 2011 and April 2013.

April was possibly Gox messing around.

I remember people preaching that mantra in 2014. Then it was pissed all over in early 2015.

[exstasie]

Nope. $32 bubble top, next bubble's ($1160) low was $150.
Now, do you think that $150 is lower than $32?
Rhetorical question.

That used to be the case when people had a heady two bubbles to choose from, 2011 and April 2013.

April was possibly Gox messing around.

I remember people preaching that mantra in 2014. Then it was pissed all over in early 2015.

Considering the April 2013 run as its own bubble cycle was the mistake, due to recency bias. People used to consider the August 2012 run its own bubble cycle too. Now nobody even talks about it (for obvious reasons).

If you pull out a chart with monthly candles and account for Gox history, there's three distinct cycles: 2011, 2013, and 2017.

[aragom]

People want something to believe in, so that they can justify their decisions to themselves. There was little buying at 6k even when we where there for months, there just wasn't much selling either. Now that people started to sell we can see how quickly we're falling.

The argument about stock markets is naive. Why would people pull their money from one falling market and move it to another falling market? They'll be pulling their money from stocks to cover mortgages, debts, business costs etc that they're struggling to cover because the economy is in a downturn.

When we first time hit 6k there were a loot of buyers. Huge buy volume pushed price up. Same was second time. On 15 min candles you could see how manny investors thought that 6k is extremely cheap. Each bounce after that was weaker. There was less buy strenght. Last 2 bounces was made without strong buyers. We didnt break 6k half year ago just because whales was too scared to break it and they stops selling close to support. It was obvious that we will break it sooner or later without good news (like etf).

Now 3800 looked strong. Again we had stron buyers thinking that 3800 is cheap but panic selling break them in 10 days. Now 3400 after bart formation looks good but not as strong as 3600 was. I guess we will again break it and maybe find stronger support at 3000 or 2500. For now we need to have hope that 3400 will hold long enough.

bottom is 2500 dollar for btc and may be 20 dollars for ethereum.

they will see these values on december

after that they will go to moon .

i hope.

[randythered]

People want something to believe in, so that they can justify their decisions to themselves. There was little buying at 6k even when we where there for months, there just wasn't much selling either. Now that people started to sell we can see how quickly we're falling.

The argument about stock markets is naive. Why would people pull their money from one falling market and move it to another falling market? They'll be pulling their money from stocks to cover mortgages, debts, business costs etc that they're struggling to cover because the economy is in a downturn.

When we first time hit 6k there were a loot of buyers. Huge buy volume pushed price up. Same was second time. On 15 min candles you could see how manny investors thought that 6k is extremely cheap. Each bounce after that was weaker. There was less buy strenght. Last 2 bounces was made without strong buyers. We didnt break 6k half year ago just because whales was too scared to break it and they stops selling close to support. It was obvious that we will break it sooner or later without good news (like etf).

Now 3800 looked strong. Again we had stron buyers thinking that 3800 is cheap but panic selling break them in 10 days. Now 3400 after bart formation looks good but not as strong as 3600 was. I guess we will again break it and maybe find stronger support at 3000 or 2500. For now we need to have hope that 3400 will hold long enough.

bottom is 2500 dollar for btc and may be 20 dollars for ethereum.

they will see these values on december

after that they will go to moon .

i hope.

If the bottom of 2500 for bitcoin is accurate (I don't think you'll be far off) then ETH bottom will be nearer to $50 and not nearly as low as $20. ETH and all alts normally fall about 10-20% more than BTC value does. That's 10-20% of the amount bitcoin falls, not an additional 10-20%. So a 30% fall for BTC now to 2500 would be about a 33-36% fall for ETH which places it around $50.

[Crypdon]

I doubt it will go that low just because tommy lee's brother says so. $3000 for bitcoin will be a hard floor to break, but ethereum will probably get dumped to $40 due to ICO dumpsters

[arpon11]

Tittle.

Based on what I have been reading and most of the popular speculations I think the moon maybe in 2023. The last high of bitcoin price of $20,000 may be breaking in 2022 or 2023. We just need to hold longer enough in other to be able to take the advantage of the cryptocurrencies market in future.  Those that buy in 2011 or 2012 and we're able to hold till last year has made serious money if they were able to sell in November and December of last year.  Most of them are current billionaires and millionaires.

[target]

I doubt it will go that low just because tommy lee's brother says so. $3000 for bitcoin will be a hard floor to break, but ethereum will probably get dumped to $40 due to ICO dumpsters

Its hard to speculate what could happen later on when most of the traders are still not even buying back what they have dumped since the Bitcoincash fork. there ain't so much to expect. If the price really is going to drop this low then be it. Lucky for those who can afford to buy if the price reach to its bottom.

[sunanbonang]

This bad condition is still not over, maybe the price of bitcoin will fall to the price of $ 2k and ETH will fall to the price of $ 50. I think this condition will continue until the beginning of 2019.

[adaseb]

Even the whales and large traders can't tell you where the bottom is in. You can use technical analysis or fundamentals to give you clues but its never an accurate indicator.

Right now, it doesn't look like $3200 might be the bottom, the bounces were all weak and they were mostly the shorts covering. Same with ETH it seems very weak and most likely $80 wasn't the low either.

[b3j0]

This bad condition is still not over, maybe the price of bitcoin will fall to the price of $ 2k and ETH will fall to the price of $ 50. I think this condition will continue until the beginning of 2019.

in my opinion saying the price of bitcoin will fall to the price of $ 2k is too excessive, I really hope that doesn't happen. if that happens, investor confidence in bitcoin will decline.

[wuvdoll]

This bad condition is still not over, maybe the price of bitcoin will fall to the price of $ 2k and ETH will fall to the price of $ 50. I think this condition will continue until the beginning of 2019.

in my opinion saying the price of bitcoin will fall to the price of $ 2k is too excessive, I really hope that doesn't happen. if that happens, investor confidence in bitcoin will decline.

I'm not seeing any bad news around to make another crash to happen. Most probably this market will not break $3.1k price levels. Because, most investors got feel about bitcoin is currently available for very much cheaper price levels and they are coming forward to invest again to make use of the current situation of bitcoin market. If this trend will be spreading out then we can assume about the bottom is already done.

Even, if this market will be breaking the strong support line around $3k levels, it will bounce back immediately similar to how it has done around $6k levels. I'm seeing good volumes on most major exchanges which is the first symptom for trend change. Expect the good things to happen hereafter because this market is poised to have positive run in long term basis.

[Golftech]

This bad condition is still not over, maybe the price of bitcoin will fall to the price of $ 2k and ETH will fall to the price of $ 50. I think this condition will continue until the beginning of 2019.

in my opinion saying the price of bitcoin will fall to the price of $ 2k is too excessive, I really hope that doesn't happen. if that happens, investor confidence in bitcoin will decline.

we don't know what can possibly happen, in most speculations there's always a story behinds and there's always people who will dive into it and follow the lead, its better to make your own assessment and not to rely with someone, so just in case things won't happen according to your plan you still have the guts taking the risk and wait a bit longer.

[LeGaulois]

I doubt it will go that low just because tommy lee's brother says so. $3000 for bitcoin will be a hard floor to break, but ethereum will probably get dumped to $40 due to ICO dumpsters

Seeing how things are going, the Bitcoin price can easily go below $3,000, even before the end of the year. People were saying the bottom is $7k, then $5k and now they say like you, $3k. In 2 weeks they and you will say $2k... Nobody can say where is the bottom, especially here,  everybody shall have his own bottom.