Why are prominent crypto enthusiast saying bitcoin will dip to $1000 ?

[btc_angela]

Possibility it may happen but I am not seeing that for now from what the chart shows. We might see 2 k mark possibility  within the first 3 months of 2019 (January-March) and 1 k probably  second quarter.

Everyone can say what they want because this is a open and free market. And everything is possible as well, $1K is not the far and in just a couple of days of selling, the price could be reach. However, you have to question the reason behind of what these so called prominent crypto enthusiast (according to you) as saying that the price could hit that low. Take for example, Jamie Dimon's prediction last Sept 2017, his been attacking bitcoin but behind. they are buying literally tons of it when the price is dipping. So you don't have to believed everything to hear from this so called "prominent crypto enthusiast".

[benres]

Many have the same sentiment that bitcoin will go down to the bottom of thousand us dollar per bitcoin or even worst at 80 us dollars each. However as the sentiment of many becomes more negative and hopeless this are the signs that bitcoin has already bottomed and will soon start its reversal that will reach an all time high. Hopefully that many are still holding their bitcoin and will soon see profit from their investment.

[kryptqnick]

Why are prominent crypto enthusiast saying bitcoin will dip to $1000 ?

Because according to their calculations, or their crystal ball, they see a drop to $1000.

And who are these 'prominent enthusiasts' anyway? This is a very one-sided claim, I think. Because Ronnie Moas (in crypto since 2013) says it will be $28k by the end of this year; CCO of Bitpay says it's gonna be between $15k-$20k; Mike Novogratz says it will be $20k and so on. Some people say it will fall, others say it will grow. I hope the latter are right, because I am among those people who did not sell at $20k. I sell some btc now when I need money, but I also have some of it that I intend to hodl as long as it takes until the price is around $15k.

[kudil]

Why are prominent crypto enthusiast saying bitcoin will dip to $1000 ?

Sometimes I think such statements are only for their own sake, like average trader said in chat room on the exhanges "hey E** will pump tonight" or "Be aware S** are scam, sell it from now".

It's all over the place... you can see people predicting Bitcoin will go down to $1,000 and others saying it will go up to $100,000. Some will be right, but most will be wrong and there's no way to know it until it happens.

Right, so it's only speculation. It's not difference with me like say "I guess the price of bitcoin will be hit $20,000 gradually after down till $2000". Let's see it in the near future..

[bitfocus]

and what do you mean by "prominent crypto enthusiast"?

[geegaw]

Many have the same sentiment that bitcoin will go down to the bottom of thousand us dollar per bitcoin or even worst at 80 us dollars each. However as the sentiment of many becomes more negative and hopeless this are the signs that bitcoin has already bottomed and will soon start its reversal that will reach an all time high. Hopefully that many are still holding their bitcoin and will soon see profit from their investment.

Well, the situation is negative and a waiting time is too long for recovery, all pushed a lot of people have strong faith in Bitcoin become people that have negative thoughts, they always think bitcoin will fall deeper and deeper, exactly they always think what's worst will happen. However, with the atmosphere and negativity too serious, reversal is very likely to happen as you say because whales understand people's psychology is no longer too patient, if they continue to push the price of bitcoin down, a lot of people will never come back, and whales will have no bait to continue to exist

[emberbekas]

In a situation like this, decline in price, of course there will be many people who make predictions based on the feelings they get. This can be caused by despair or other negative things. For me, ups and downs are normal. As a person who has been in the crypto world for some period of time, we must try to take advantage of every situations as good as possible for the continuity of our trading activities.

[Lizzylove1]

Before this days, I never envisaged bitcoin could drop to $12,000. So after a massive fall without bottom in site, am now tempted to believe any predictions. My elder brother I introduced to bitcoin once had an horrible dream that bitcoin price went to zero-zero. He quickly cashout at $17,000, I laughed at him. Today he is a happy man and here doing some revelation journey. So my guy, anything is possible.

[aoluain]

people give themselves all kinds of ranks these days. "prominent" LOL.
all we have these days is a bunch of newbies trying to make what they have lost by creating content everywhere and trying to make money from that. for example their bullshit youtube  videos is a nonstop wave of worthless content trying to make pennies.

is it possible? yes.
can someone predict it? no.
anybody who does, is a newbie trying to gain some attention and temporary fame in case his shot in the dark hit the target. it is the same as all those other newbies who were saying bitcoin will reach $50k back when it was on the rise, and then called themselves "experts".

this is probably a very relevant explanation of what is happening
and the OP is reading, listening and/or following these articles.

if it does happen believe it or not it wont be the end of the world
or humankind or anything significantly disasterous, as many
newbies might think, and if it does go that low you can be sure that
I will be buying BIG [even before the $1000 mark] and I wont
be alone.

[tenakha]

Possibility it may happen but I am not seeing that for now from what the chart shows. We might see 2 k mark possibility  within the first 3 months of 2019 (January-March) and 1 k probably  second quarter.

Perhaps they all want to influence people with these kinds of ideas and collect coins from cheaper price. Because, there is not enough evidence to make an idea about close to the right price prediction. The analysis is insufficient in the face of Crypto's obscurity. All I know is that Bitcoin is known by more and more people every day and this will bring us happy ending.

[KingScorpio]

Possibility it may happen but I am not seeing that for now from what the chart shows. We might see 2 k mark possibility  within the first 3 months of 2019 (January-March) and 1 k probably  second quarter.

stop warning the bitcoincultists, they dont want to hear that. they want global domination for them and their centralised index.

[Slow death]

Possibility it may happen but I am not seeing that for now from what the chart shows. We might see 2 k mark possibility  within the first 3 months of 2019 (January-March) and 1 k probably  second quarter.

you created this thread and made your prediction (very pessimistic prediction). But you have not provided a single piece of evidence or a plausible argument that will provide some basis for your price forecast. You are making predictions based on your sense of pain. We have to make predictions without feelings

Bitcoin price in USD doesn't matter and nobody can predict it.

when the price was $10,000, who had 0.01 BTC had $100 and who had 0.1 had $1000 and who had 1 btc had $10,000. Now imagine today: 0.01 btc and the person has  $35

[gentlemand]

It's become the new 'Bitcoin will be $50,000 by Christmas' except in the opposite direction. I'll bet the handful of Youtubers left wittering about this also have an affiliate link to Bitmex in their description.

Could it happen? Sure. More than a few are acting like it's already in the bag and as we well know the direction is usually maximum pain for the majority.

[hxtop]

This is one of hundreds of previous rumors. People are trying to interpret the situation on their own, but many of these comments are far from being reasonable.

[coinnumber]

Possibility it may happen but I am not seeing that for now from what the chart shows. We might see 2 k mark possibility  within the first 3 months of 2019 (January-March) and 1 k probably  second quarter.

This is just your thought and prediction of bitcoin price not from any prominent enthusiast. This prediction has no prove, the thread is not communicating as its meaningless so I considered it as sheet post.
Bitcoin investors are the most matured in the blockchain industry they don't only invest their funds but also with their time as they fully trust and believed on it.

[DAVETUN]

Your submission has no basis, therefore, I cannot be trusted, who are the prominent crypto enthusiast ? we must ensure we avoid post that scare new BTC  investors, as this will have a negative impact on BTC  value.Be assured BTC  is a digital currency that is here to revolutionize the world economy.  

[hulla]

Possibility it may happen but I am not seeing that for now from what the chart shows. We might see 2 k mark possibility  within the first 3 months of 2019 (January-March) and 1 k probably  second quarter.

You must bring here those prominent enthusiasts that you’re pointing here because this sounds as hearsay

And besides don’t you know the simple reason for this Fud?because those people wanted the bitcoin price go down higher so in that case they may purchase as many as they can have to save for the future

You're right because this is definitely a FUD is the OP dont provide the tangible evidence to prove the person that make the statement and I learn that most dump in price statement make by the crypto enthusiast does not worth it because they want to make people to panic sell so they can seize the opportunity.

[eaLiTy]

Possibility it may happen but I am not seeing that for now from what the chart shows. We might see 2 k mark possibility  within the first 3 months of 2019 (January-March) and 1 k probably  second quarter.

Who are these prominent enthusiasts who could foresee and predict things that well. if they are that good they would have made a lot of money in future trading. The fact is that the market can go either way and I won't be surprised if there is another bear rally downwards before the next rally, one thing is certain that everyone believes in another bull run that could cross yet another all time high valuation , but it is difficult to pin point the exact time of the rally until it happens.

[exstasie]

It's become the new 'Bitcoin will be $50,000 by Christmas' except in the opposite direction. I'll bet the handful of Youtubers left wittering about this also have an affiliate link to Bitmex in their description.

It's very reminiscent of 2015. $1,000s and triple digits aren't the consensus yet, but we're definitely heading in that direction. The majority of people are finally bearish and expecting new lows.

The other thing I've noticed which reminds me of 2015......lots of crypto traders are charting forex now, because they're bored with crypto or can't churn gains out of this dead market. There was a lot of that during the post-crash doldrums last time around.

[Aponkye1]

Don't be deceived by their words mate. The cryptospace is full of false news which only big players take advantage of this to buy cryptocurrencies from weak hands. We can have another dump in the price of bitcoin but $1000 is not a level i am expecting it to get to. This is the time to hold your bitcoins or better still buy more so that when the long awaited bull run comes up you can also earn some money from your investments.