BTC To Under 100$

[erikoy]

The US inflation and current president will make it impossible for Bitcoin to go below $100 

I thought it was the investors that could keep bitcoin market price alive? I do not think that the president could influence the market price movement of the bitcoin. In fact bitcoin got 19k USD that was being recorded on 2017. There was no president who made the influence for that market price increase. So, do not be a hater with the president.

[Wilhelm]

The US inflation and current president will make it impossible for Bitcoin to go below $100  

I thought it was the investors that could keep bitcoin market price alive? I do not think that the president could influence the market price movement of the bitcoin. In fact bitcoin got 19k USD that was being recorded on 2017. There was no president who made the influence for that market price increase. So, do not be a hater with the president.

What I was trying to say is that the dollar will become worthless. As in $1M for a bread, etc...

As for the president he is killing the country and it's a shame. United States is a nice country and it's hard to watch it getting flushed down the shitter by someone who has the empathy of a brick wall.
As a European I feel for the people getting screwed over like the people working for the government.

[Febo]

BTC To Under 100$

It will not happen. Why Bitcoin price did not go under $170 in 2015 when was last bottom?  Because there was a bottom. Price dont go under bottom unless something drastically change. So far from 2015 had not changed that much but what changed it changed on better and bottom now is way higher then $170. In a year time we will be able to tell with 100% certain what was current Bitcoin bottom. Same as now we can say that bitcoin bottom is 100% over $170.

[Ewinsane]

People need to realize that prices can change at any given moment but changing drastically requires a shift in the balance. Price always stays same when the buyer amount and seller amount is the same, it goes up when buyer amount increases and it goes low when seller amount goes up. It means in order to reach something as drastic as 100 dollars the seller amount needs to go really high and much much more than what it is right now and the buyer amount needs to go low , much much lower than right now.

This could only happen with something huge in the world, not just crypto related but really huge, like a big huge meteor is coming and will kill almost all humanity and we are all going to one zone where it won't have too much affect and what not type of huge deal. At that point people will not care about crypto after all.

[exstasie]

BTC To Under 100$

It will not happen. Why Bitcoin price did not go under $170 in 2015 when was last bottom?  Because there was a bottom. Price dont go under bottom unless something drastically change.

There could be a drastic change under way. That's what permabulls don't realize. Until the 2015 lows are broken, it's still officially an uptrend and bulls can cling to that. The trend is your friend until it ends. Of course, there's no guarantee the trend will sustain forever. That's why I think it's important to always take some profit out of the market during bubbles. If Bitcoin fades away and heads back towards $0, it would be a damn shame to be a hodler and give back all your unrealized gains.

[basty03]

I think it will not go to zero because whales not want to lose there assets unless they found a coin that can best in bitcoin. There's a reason why bitcoin is in the low price but it will be not lower than to 2k or 3k.

[Oceat]

BTC To Under 100$

It will not happen. Why Bitcoin price did not go under $170 in 2015 when was last bottom?  Because there was a bottom. Price dont go under bottom unless something drastically change.

There could be a drastic change under way. That's what permabulls don't realize. Until the 2015 lows are broken, it's still officially an uptrend and bulls can cling to that. The trend is your friend until it ends. Of course, there's no guarantee the trend will sustain forever. That's why I think it's important to always take some profit out of the market during bubbles. If Bitcoin fades away and heads back towards $0, it would be a damn shame to be a hodler and give back all your unrealized gains.

We all know that it won't happen, right? Shifting price drastically is a bit too much, we all know that it will go down slowly before it goes back to $0, but $0 is too much just think about it and you will figure it out. It is not just 1 person or group making the fluctuation of the market.

Making this kind of post is not really an eye-opener but it might be the cause of FUD to some weak-handed people.

[exstasie]

There could be a drastic change under way. That's what permabulls don't realize. Until the 2015 lows are broken, it's still officially an uptrend and bulls can cling to that. The trend is your friend until it ends. Of course, there's no guarantee the trend will sustain forever. That's why I think it's important to always take some profit out of the market during bubbles. If Bitcoin fades away and heads back towards $0, it would be a damn shame to be a hodler and give back all your unrealized gains.

We all know that it won't happen, right? Shifting price drastically is a bit too much, we all know that it will go down slowly before it goes back to $0, but $0 is too much just think about it and you will figure it out. It is not just 1 person or group making the fluctuation of the market.

I'm a long term bull, but I'm also a realist. Of course it could happen! Much of Bitcoin's value is grounded in speculation about future usage. If adoption fades away and the market collectively realizes the prospect of mass adoption is dead, the long term bull trend will reverse to a long term bear trend.

I doubt Bitcoin will ever go to zero no matter what, but it could definitely bleed back down to price and volume levels where it's basically irrelevant.

[Tytanowy Janusz]

BTC To Under 100$ BUT is good for Market, It not going to be happen in 1 day, but we are in down trend  since BTC ATH (20k$),
SO Why its is Good for market and bitcoin ? More people want to buy BTC at cheaper price So when BTC price is under 1000$ they will get a good opportunity to join in the game, now Most people even dont know what is BTC.
So Cheaper BTC = More Investor will join to the game and BTC will be more popular  BEFOR NEW ATH.
New ATH could be 200K$, But not before BTC price correction which is Under 100$.

What will be happened to BTC miner?
BTC Miner will be stop mining BTC, when price is under 100$ but thatz fine, Nothing will be happened to BTC if they stop minig it mean only 1 thing, increasing Demand and Increasing Price, Most miner will be from 3rd world countries ( India , ... )

BTC price will rise only If it get more popular.
Do you know how current BTC price is expensive for people in 3rd world countries like India? they need to save $ for 2 years to buy 1 BTC,
We need all of this people to invest in BTC.

bunch of nonsense. Low btc price wont help in mass adoption. Noone who dont know about bitcoin now wont know about it at 100$ price. Only massive pump makes everyonone eyes looking at bitcoin. Everyone is saing - look bitcoin is at 100k if I invested in 2017 i would have 10 times more. I need to buy it now beafore it hit 1 mil. What will make poeople from 3rd word to buy bitcoin fo 100$ knowing the fact that it could cost 10$ next few years. Massive pumps bring attention to coins.

[semobo]

People is going to make predictions as much as they can but the possibility of happening is very low in my opinion the price of bitcoin already reached bottom level for now so no more price declining, just invest now and you will get more benefits later.

[mirakal]

People is going to make predictions as much as they can but the possibility of happening is very low in my opinion the price of bitcoin already reached bottom level for now so no more price declining, just invest now and you will get more benefits later.

I believe it has reached its bottom already.

We should look for the chance to increase now than think of a next wave of down trend, if you stay positive despite of the big correction in the past, that will make you stay and eventually make you successful in investing. You have the faith of a real crypto believer, so you will be one the reap your profit once everything turns to the right path.

[Herbert2020]

People is going to make predictions as much as they can but the possibility of happening is very low in my opinion the price of bitcoin already reached bottom level for now so no more price declining, just invest now and you will get more benefits later.

I believe it has reached its bottom already.

We should look for the chance to increase now than think of a next wave of down trend, if you stay positive despite of the big correction in the past, that will make you stay and eventually make you successful in investing. You have the faith of a real crypto believer, so you will be one the reap your profit once everything turns to the right path.

you know sometimes it really doesn't matter if we have reached the "bottom" or not as long as we are close to it. for example back in 2014 price was at the bottom when it reached $250 and if you bought then and there while it lasted for months then you could have been a big winner in the long run. but guess what, the $250 was nowhere near the bottom! the "bottom" was $150 but would you even care if you bought at $250 or $150 when price went up to $20000 afterwards? not to mention that this "bottom" at $150 only lasted a very short time so if you blinked or were asleep at that time, you would have missed it!

[BitHodler]

I believe it has reached its bottom already.

People also believed the bottom was in at $6000 with how it was supported for months. Most of them were so confident that they were already speculating about the next bull run and insane prices levels before the end of the year.

The mass in most cases is a counter indicator. If they are bullish, you should not be, which we have seen last year with how the price went down around 50% in a short period of time.

Right now people seem to be overly concerned and expect the price to tank hard (they speculate about a $3000 bottom, $2500, $1500, $1300, etc), which is reason enough for me to hope for a bullish move up.

[STT]

The US inflation and current president will make it impossible for Bitcoin to go below $100  

Thats pretty much my thoughts and I think about 99% of people dont appreciate why a very hard dollar policy is so unlikely.   It would have so many side effects and would reflect policy not seen since the early 1980's in the term of Paul Volcker (15% interest rates)

Soft dollar, excess inflation and continued debt spending fiscally and nationally means that alternatives to dollar globally will be in demand by the wider global population.    BTC has to be efficient but can be a contender for spending at least online I think it can be a product that will keep used in 2019  2020 2021 2022 2023 and as far as I can think of.   We havent yet seen a better product to beat it

[Idrisu]

The US inflation and current president will make it impossible for Bitcoin to go below $100 

I don't think bitcoin is going to go below $100 and there are many articles and post that people are making with the aim of creating fear and panic.  I think the wise things to do is to show us how technically bitcoin is going to fall below $100?

[deisik]

2k-3k is the floor.

there is a real reason for those numbers.

at least 40% of the hard iron mining is used to help power plants load level when they have excess power

I'm curious how low should the price crash to make people finally forget about the costs of mining. When Bitcoin traded above 6k, quite a few folks here aggressively claimed that there was not a single chance that the price could ever go below 6k because that was the cost of mining. Now the price is trading below 4k, and so what? Did the cost of mining prevent the price from plummeting below 6k, may I ask you? The price can crash to 1k and the cost of mining will have no effect on this downfall

Why are people repeating the same bullshit again and again even if they are constantly being proved wrong?

[1Referee]

Right now people seem to be overly concerned and expect the price to tank hard (they speculate about a $3000 bottom, $2500, $1500, $1300, etc), which is reason enough for me to hope for a bullish move up.

That 200 wma is a very important support line we'll be dealing with a whole lot more this year. Bots pretty much use the past as a guide and the past was exactly like that; in 2015 the 200 wma was something we couldn't distance ourselves from for a long ass time. It was like a magnet pulling back the price every time it wanted to break out to the up side.

It's tempting to open a short, but on the other hand quite risky too at current levels with how thin the books are. We have had plenty of wigs to the up and down side liquidating shorts and longs so if I end up opening a short, I'll have it be at 2x leverage. Anything higher than that is gambling at this point.

[ophyrim]

BTC To Under 100$ BUT is good for Market, It not going to be happen in 1 day, but we are in down trend  since BTC ATH (20k$),
SO Why its is Good for market and bitcoin ? More people want to buy BTC at cheaper price So when BTC price is under 1000$ they will get a good opportunity to join in the game, now Most people even dont know what is BTC.
So Cheaper BTC = More Investor will join to the game and BTC will be more popular  BEFOR NEW ATH.
New ATH could be 200K$, But not before BTC price correction which is Under 100$.

What will be happened to BTC miner?
BTC Miner will be stop mining BTC, when price is under 100$ but thatz fine, Nothing will be happened to BTC if they stop minig it mean only 1 thing, increasing Demand and Increasing Price, Most miner will be from 3rd world countries ( India , ... )

BTC price will rise only If it get more popular.
Do you know how current BTC price is expensive for people in 3rd world countries like India? they need to save $ for 2 years to buy 1 BTC,
We need all of this people to invest in BTC.

İf the price drop to 100 USD believe me, you are not going to see new buyers. You are going to see much bearish news like "the dead of BTC" or "BTC to zero" etc. this news and of course a run from 20k to 100 USD will prevent them to enter the market.

[VeeraS]

seriously?
I think that's just your assumption, to go down to 100 $ is something that will never happen, it seems that estimate is too far away. I think bitcoin can decline maybe at the lowest level of 2k, no more than that
and while mining is always there, because every BTC transaction requires miners

[STT]

A proper market should have an upside for some portion of users at every price level.    So lower house prices = easier for new buyers to enter market for use up housing stock.  It neutralises the negatives I guess, so BTC has positives or not is a good question

  I can actually remember BTC at 100 and I was getting BTC from just plain use of the computer for mining.   I dont know it'd be the case but perhaps a lower price would be a return to crypto roots and let us simple users mine again.   That'd be nice if it was possible because I'm not a fan of how centralised all the mining pools became