Bitcoin could still crash below $3000 - Vinny Lingham

[ngusmin]

The possibility is always there, bitcoin is back down to 3k or even higher and can reach 6k. I still believe in bitcoin, and even though the condition of bitcoin is deteriorating but I still hold on, because bitcoin will be able to rise again.

[Juggy777]

The possibility is always there, bitcoin is back down to 3k or even higher and can reach 6k. I still believe in bitcoin, and even though the condition of bitcoin is deteriorating but I still hold on, because bitcoin will be able to rise again.

Hey while there’s always a probability for a dump in bitcoins prices, I don’t think we will see any dump so soon. I feel bitcoins prices are finally stabilising after long periods of bear mode, I’m optimistic that prices shall only rise upwards from now on. Also it’s good to see that people are holding their faith in bitcoins, I feel if we can get more people to hodl it, then we shall see further increase in prices.

[itos84]

It's weird before going up to 5K again I hadn't heard this. But recently this week I have been hearing from traders that there is a possibility that in July BTC crashes to 50% of its amount and goest to $2500-$2800. Maybe I am missing something but I think it's unlikely, probably just to $3800 again.

[Bardman]

There is absolutely a chance we go to 100.000$ too. What's his point? All these idiots, they don't even care about the price, they just want to the headlines, any pro trader or analyst knows you cannot make these kind of predictions, in fact you shouldn't.

[BitHodler]

All these idiots, they don't even care about the price, they just want to the headlines, any pro trader or analyst knows you cannot make these kind of predictions, in fact you shouldn't.

That's exactly the reason they do it for. It doesn't attract any attention to predict that the price could potentially break $6000 this year, and that while this is a realistic prediction that makes sense.

People only seem to care about things that don't make sense. Overall, bad publicity is still positive publicity for these people because we are talking about them and directly (at the same time unfortunately) increase relevancy.

Tom Lee has been wrong the whole time in 2018, and while people here make fun of him, news outlets continue to cover his predictions and the mainstream media keeps inviting him. 

[Gaff]

The possibility is always there, bitcoin is back down to 3k or even higher and can reach 6k. I still believe in bitcoin, and even though the condition of bitcoin is deteriorating but I still hold on, because bitcoin will be able to rise again.

Hey while there’s always a probability for a dump in bitcoins prices, I don’t think we will see any dump so soon. I feel bitcoins prices are finally stabilising after long periods of bear mode, I’m optimistic that prices shall only rise upwards from now on. Also it’s good to see that people are holding their faith in bitcoins, I feel if we can get more people to hodl it, then we shall see further increase in prices.

More happening will definitely be taking ups and downs, so don't be surprised when it made your day worst as you observe the volatility taking place. Furthermore, as Bitcoin development gain good progress we can't expect nice trend yet, but as part of its growth dumping price is likely to be experienced. Just be patient and always hodle your bitcoins, because these days isn't the best time to sell, there should be a perfect time for everything.

[kateycoin]

In crypto many things can be happen we know that cryptocurrency is volatile so what Vinny lingham said maybe will true or maybe not. That's only a speculation and his not surer to what he said. Well if the price of bitcoin will be drop its alright because it will not stay in that kind of amount.

[1BTC EQUALS 1CAR]

It's basically his own opinion guys so just don't mind him. Everyone can be positive even in the worst bear period that could happen at any moment while there are people like Lingham who wants to be negative when everything is turning to be a very healthy market.

[Whosdaddy]

It's weird before going up to 5K again I hadn't heard this. But recently this week I have been hearing from traders that there is a possibility that in July BTC crashes to 50% of its amount and goest to $2500-$2800. Maybe I am missing something but I think it's unlikely, probably just to $3800 again.

You are not missing anything, it’s just a game from manipulators, as we have good investors that will always create positive news about BTC to cause its rise in price, same way we also have some manipulators that will try all their possible best to cause a crash in price so they can take control of the price when it crashes.

Which technical analysis and fundamentals are they using that is pointing all of them to different directions, whatever the case maybe, if Bitcoin price increase today, it will be a very big opportunity and if it false too, it will still be a very big opportunity because it is a blessing in disguise, whichever way bitcoin follows, we follow with it.

[Kiweikoo]

I don't think that the price of Bitcoin could go back to $3000 anymore, though I know that it is possible for the price to get back to $4000 but a wall will be built around that for a long while, then we are going to see a bull run in price, this bull run will start little by little and then begin to grow better even much more than what we saw in 2017, this is the main reason it won't be good to miss out from what is coming, so make sure you get some Bitcoin and keep in your possession.

[Duzter]

I don't think that the price of Bitcoin could go back to $3000 anymore, though I know that it is possible for the price to get back to $4000 but a wall will be built around that for a long while, then we are going to see a bull run in price, this bull run will start little by little and then begin to grow better even much more than what we saw in 2017, this is the main reason it won't be good to miss out from what is coming, so make sure you get some Bitcoin and keep in your possession.

The price could go lower to $3000 or even much lower to that, none can conclude the price move. Earlier the price fell low to $2800 which wasn't expected and people predicted $5000 to be the low bottom. In real market the price fell much low than the predicted price. Even the present market could experience such a kind of market. This way possible change is unavoidable and it happens on its own as it is decentralized.

[carlisle1]

I will cheers with him if this bearish speculation happen because atleast i can convert all of my cryptocurrency to bitcoins as I believe about the future growth of this great coin

It's basically his own opinion guys so just don't mind him. Everyone can be positive even in the worst bear period that could happen at any moment while there are people like Lingham who wants to be negative when everything is turning to be a very healthy market.

Yups let us respect everyone’s opinions because this is our rights to speak freely

The man is just expressing hes feeling and outviews to bitcoin so nothings wrong with that right?

[Indamuck]

I don't trust any of these people, just spreading negative predictions hoping people sell and crash the price so he can buy up cheap bitcoins.   I never suggest trying to play the swing trading game and buy in cheaper, you will get left behind when the bull really takes off and be forced to FOMO in at high prices.

[Idrisu]

The possibility is always there, bitcoin is back down to 3k or even higher and can reach 6k. I still believe in bitcoin, and even though the condition of bitcoin is deteriorating but I still hold on, because bitcoin will be able to rise again.

Bitcoin is not deteriorating to me and it has done well if you viewed it from the beginning.  It has grown from cents to thousands of dollars and it is worth more than an once of gold.  It is possible for bitcoin to fall backworld to $3000 as its still possible to grow back to $20,000! We should know that bitcoin is here to stay and investing in it now that we can get it cheap is the right thing to do.

[cryptoknightt]

I don't trust any of these people, just spreading negative predictions hoping people sell and crash the price so he can buy up cheap bitcoins.   I never suggest trying to play the swing trading game and buy in cheaper, you will get left behind when the bull really takes off and be forced to FOMO in at high prices.

I think indeed you should not care about them, you better stay focused on your principles and standings so you can see how the development of cryptocurrency prices and with long-term trading methods can be one of the safest choices.

[Bagaji]

If that is what you are waiting for to enable you buy Bitcoin at the cheaper rate then you may end up waiting in vain for I don't see any possible effect that will push Bitcoin value down to $3000 in time soon.

[justdimin]

I don't think that the price of Bitcoin could go back to $3000 anymore, though I know that it is possible for the price to get back to $4000 but a wall will be built around that for a long while, then we are going to see a bull run in price, this bull run will start little by little and then begin to grow better even much more than what we saw in 2017, this is the main reason it won't be good to miss out from what is coming, so make sure you get some Bitcoin and keep in your possession.

Great you also think in line with me that the bull run we will see this time ill com little by little, and If I am to break it down based on one or two things I can out together, I will conclude that this gradual growth process will make it quite impossible to really see a dip as low as $4000.

It will be easier for virtually 60% of investors to dump their coin at a very fast growth, if it takes the shape of 2017, but if its going gradually, every increase will have some investors put in money and they will always target a higher profit which will keep the price still high even if the older investors dump theirs.

[bbc.reporter]

If is that is what you waiting for to enable you buy Bitcoin at the cheaper rate then you may end up waiting in vain.

It might be time for him to sing I do not want to wait in vain for $3000 while he waits for it in vain to be dumped on $3000 hehehe.

[jakelyson]

He is not totally wrong because the possibility of it happening is there. It can happen. If bitcoin can fall from 20k to 3k, then it can reverse from 6 to 3. Right now we are not totally out of the bear market. We are starting to get into the bull but there is still that chance that it will suddenly reverse.

[Barbut]

He is not totally wrong because the possibility of it happening is there. It can happen. If bitcoin can fall from 20k to 3k, then it can reverse from 6 to 3. Right now we are not totally out of the bear market. We are starting to get into the bull but there is still that chance that it will suddenly reverse.

With bitcoin price predictions nobody is totally wrong, until moment comes when we see the price and we know who was wrong, who was close, and in the end who was right. We all know that anything is possible with bitcoin, there are just lower or higher chances for some price prediction to be accurate in the end. Yes it can drop, but it can rise too. Bitcoin needed less than a year to rise from $1,000 to $19,000, anything can happen, anything can happen fast, so be open for everything is my advice.