Bitcoin could still crash below $3000 - Vinny Lingham

[d1ceplayer]

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.

I am sure if they are to ask him again if he would still like to wait, the answer would be a proof of the coin he has already bought at the recent price, anyone still thinking or speaking of bitcoin crashing to $3000 is either pulling people’s leg, trying to make himself popular from BTC or fooling himself.

The uptrend has already begun, no more going back, positive fundamentals, whales, good investors are the main people domiciled now and within a little time more, they will act on the market and the next thing we will see is a boomed price, if care is not taking by them, they will miss out again from this next bull run. Little advice for the ones in the market, we should never panic into selling into their hands.

[1714775586]

1714775586

[LeGaulois]

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.

I am sure if they are to ask him again if he would still like to wait, the answer would be a proof of the coin he has already bought at the recent price, anyone still thinking or speaking of bitcoin crashing to $3000 is either pulling people’s leg, trying to make himself popular from BTC or fooling himself.

The uptrend has already begun, no more going back, positive fundamentals, whales, good investors are the main people domiciled now and within a little time more, they will act on the market and the next thing we will see is a boomed price, if care is not taking by them, they will miss out again from this next bull run. Little advice for the ones in the market, we should never panic into selling into their hands.

After 2 or 3 weeks of positive market, people start to think Bitcoin won't crash anymore. Sorry, but it isn't the case. And despite the fact, the value increased the recent days we're truly not safe from going to a situation we had not long ago (stagnating $3,500). At least I won't be surprised to see a correction in the next days or weeks... The year will be full of correction btw.

So I would agree more or less with the title.

[codehtcmail]

I must say not a single prediction has been accurate, except for some that were lucky, and I am sure it was pure luck.
I know Bitcoin will grow, but I can't say it will be this price or that price, the recent increase happened in a matter of minutes for god's sake, you can't predict that.
I think Bitcoin is a quantum entity where you can't know for sure the price and date of that price at the same time.
Maybe some quantum calculations mayn help predicting the price ? Any physcists here ?

[bbc.reporter]

We have another candidate to include in our list of funniest trading experts in the cryptospace hehehe. This makes me shake my head and ask myself what their real agenda is. If bitcoin is bullish, this type of person is bearish, if bitcoin is beginning to be bullish, the same person is bearish.

Tom Lee will not be delighted.



However, one analyst, Murad Mahmudov of Adaptive Capital, is predicting that over the coming week or two, the cryptocurrency markets will finally begin to show signs of action after some further stagnation. In a recent Trading View post, the prominent analyst, who skyrocketed to fame partially as a result of his appearance on Anthony Pompliano’s “Off The Chain” podcast, explained a potential scenario he sees for BTC.

Mahmudov depicted the fact that over the past three weeks, Bitcoin has tested $5,350 and failed seven times. He adds that with one or two more tests of that local resistance level, which will come over the next two weeks, the asset is likely to break out. And once $5,350 is convincingly broken, Mahmudov explained that BTC could easily rally to $5,750, as there is a clear lack of liquidity in between $5,400 and $5,700. $5,750 is important, in that this is where Bitcoin traded at for months on end in the middle of 2018.

While some are convinced that BTC will break through the long-standing level of importance, Mahmudov expressed that he expects for the crypto asset to fail to surmount that level, falling instead of breaking through. He depicted that if BTC fails to break $5,750, it could easily collapse through $5,000 to $4,800, and set this market under an array of key short-term support levels.

This lines up with his previous theories that cryptocurrencies aren’t out of a bear market just yet. As reported by Ethereum World News previously, he has drawn attention to the $1,700 region as the potential point at where Bitcoin will finally bottom.

Read in full https://ethereumworldnews.com/analysts-forecast-bitcoin-btc-could-rally-to-5800-then-collapse-by-1000/

Murad's analysis https://www.tradingview.com/chart/XBTUSD/LBFBVCET-A-scenario/

[figmentofmyass]

Murad's analysis https://www.tradingview.com/chart/XBTUSD/LBFBVCET-A-scenario/

this is a pretty good analysis. i too think it's unlikely we can bust right through the 2018 bottom (now resistance). lots of selling pressure should come in as underwater holders finally have a chance to cut losses, break even.

i'm skeptical we're headed to the $1000s like he thinks, but i do think we're getting close to a major local top. i expect to be shorting again within a couple weeks.

[richjohn]

Many people are still hoping for a crash below $3k. But I doubt it big time. Bitcoin has started appreciating and it is most likely to go in the up direction obviously with a few corrections. But none will take the price below $3k. $4k is still possibility though.

But I am overall bullish for btc.

[udidrone]

Many people are still hoping for a crash below $3k. But I doubt it big time. Bitcoin has started appreciating and it is most likely to go in the up direction obviously with a few corrections. But none will take the price below $3k. $4k is still possibility though.

But I am overall bullish for btc.

There are people who hope bitcoin price increased, and people who hope bitcoin to be crash but actually only want to buy in cheap price. I think with this price situation, people who hope that bitcoin price increased will get realized first because there are a lot of aspect that can make it happen.

[target]

Many people are still hoping for a crash below $3k. But I doubt it big time. Bitcoin has started appreciating and it is most likely to go in the up direction obviously with a few corrections. But none will take the price below $3k. $4k is still possibility though.

But I am overall bullish for btc.

I am all for bullish now. The market had suffer enough I really wpuld love to see btc fly up again for the love of god. Its not funny anymore. The only people who find this bear market a lot exciting are the ones who can afford to buy btc while its p4ice is 3kUSD.

[Bardman]

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. 

It pisses me off because they are doing that on many many crypto websites and news, a bunch of random people that have some idea about technical analysis throw a bunch of technical words here and there and keep ''predicting'' idiotic prices, it just gives the whole thing a bad name imo.

[Wexlike]

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. 

It pisses me off because they are doing that on many many crypto websites and news, a bunch of random people that have some idea about technical analysis throw a bunch of technical words here and there and keep ''predicting'' idiotic prices, it just gives the whole thing a bad name imo.

The higher high and higher low formation is a great confirmation for another higher high and that's personally where I think we are heading. We are long right now and watching to see if we build price structure below the momentum lines and we are also watching to see if the trend meter starts to turn red which when that has happened before it's a good sign we are heading down. Bullish at the moment until things change.

News are not everything !

[1Referee]

This makes me shake my head and ask myself what their real agenda is. If bitcoin is bullish, this type of person is bearish, if bitcoin is beginning to be bullish, the same person is bearish.

I read a discussion on reddit a while ago where the point basically is that these so called perma bulls are bullish during a bear market to attract liquidity from dumb money so that they can have their own fund and the funds of their close ass buddies cash out. It makes sense to a certain degree, but at the same time also not so much sense considering that a lot of crypto funds have imploded last year.

In case of Tom Lee it's purely ignorance in my opinion. This dude entered during the bull run in 2017 and assumed that this was normal for crypto, which it obviously isn't.

[serjent05]

It pisses me off because they are doing that on many many crypto websites and news, a bunch of random people that have some idea about technical analysis throw a bunch of technical words here and there and keep ''predicting'' idiotic prices, it just gives the whole thing a bad name imo.

Well the person is right, he is stating the possibility not 100%.  We all know cryptocurrency is very volatile so setback is very possible and probable.  Don't be wronged, I am on bullish BTC but taking the logic on what the person stated,  there is really a possibility but it is slim at the current sentiment of the market.

[kickdapa]

It is very easy to predict about the bitcoin price and I am not ignoring his prediction. Because it's crypto and here anything can happen within a minute. I never forget how fast bitcoin price was increased and how fast it went to down! But personally, I think Bitcoin price will cross 6K USD before the next bear run!

[Herbert2020]

However, one analyst, Murad Mahmudov of Adaptive Capital, is predicting ...

these are literary random people on the internet making random guesses.

my theory is that at least 90% of them are "gambling"  (with their statements not with investment) which means they make the bet to make an outrageous prediction like this one here. there is only two possible scenarios with the "reward" being a lot more than the risk.
1. this bullshit guess never comes true. the result is that the bullshitter is just another idiot among thousands who made bullshit claims and be forgotten easily.
2. the bullshit although unlikely, actually comes true. the result is a quick raise to fame overnight as a "prophet" in the market who predicted it correctly! this will last a short time though since their subsequent "bets" never win

[adaseb]

If you stare at the charts you might see why he is saying what he is saying. Basically the $6000 is a very strong resistance area, there is a good chance it will reach that area and turn around and head back down. Now we got some support at $4200, but if it doesn't hold then the next support will be at the $3100 area which was the prior low. We also got that 200W MA which is probably higher up by now but there is a chance it might not hold this time.

Hence he could be correct but shorting right now makes no sense, its better to just short at $6000 if we get there or if we go to $6000 and start heading back down, then short then. But right now if you should you might get lots of pain if it ends up jumping $1000 in a single day again.

[Wexlike]

It is very easy to predict about the bitcoin price and I am not ignoring his prediction. Because it's crypto and here anything can happen within a minute. I never forget how fast bitcoin price was increased and how fast it went to down! But personally, I think Bitcoin price will cross 6K USD before the next bear run!

I'm pretty sure we will go above 6,000 USD - We have just has an accumulation phase - we haven't had any selling pressure even though the big spike.

We have the whales who clearly want us to go to 6,000 USD and above due to the huge liquidity pool, where they have the opportunity to stop hunt and squeeze, and make become richer. Also the fact, that BTC will geta comeback in the media, which will attract retail investors, who have bought the top (5th wave).

Hereafter we will go below 6k again after we have been crusing around 6k for a while.

[acharias]

Vinny Lingham has no idea what he's talking about. He is a complete joke imo.

[reda]

Vinny Lingham has no idea what he's talking about. He is a complete joke imo.

Haha, may be he was druken at the time he said this. People were speculating bitcoin dumped to 2k again when the market blooming over 4.5k USD but now bitcoin has proved its worth and market reached the 5.5k value now.
We may ignore such value speculation and keep on moving with the investment amount we have.

[Bardman]

It pisses me off because they are doing that on many many crypto websites and news, a bunch of random people that have some idea about technical analysis throw a bunch of technical words here and there and keep ''predicting'' idiotic prices, it just gives the whole thing a bad name imo.

Well the person is right, he is stating the possibility not 100%.  We all know cryptocurrency is very volatile so setback is very possible and probable.  Don't be wronged, I am on bullish BTC but taking the logic on what the person stated,  there is really a possibility but it is slim at the current sentiment of the market.

Yeah well no shit, what kind of logic is that? I can then say bitcoin will be 10 million dollars in 102 days and you will defend me saying, hey, bitcoin is volatile so it's possible. Everything is possible to an extent, however these people aren't saying, hey, bitcoin might go to 25k in 2021 with a 0.04% chance of happening, they are saying bitcoin WILL be xx in xxxx essentially saying that they know with an 100% certainty that bitcoin will do that. It's misleading.

[Reatim]

Well lets be happy if this comes reality as i will sell all.my bitcoin now same as altcoins to buy on that $3,000 dip again.but i am afraid this wont come because the bull is just around the corner and waiting for the big strike.we have waited so Long and most of us cannot afford another dumps .but we have no choice as whales is the only way for the market to grow again just like what they did in the last quarter of 2017 when they pumped the prices to more than hundreds multiplied. Maybe we can help the market for not sharing this kind of negativity to the community because we are tired of seeing same thread over and over when the price of bitcoin starts to grow