Will Bitcoin cross 3K USD this year?

[DaftAjax]

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~snip..some or "ALL OF US" are waiting to reach it again and definitely it could happen after the halving by next year.

The value of bitcoin will not fall below $7k and there will be a major support to hold its price.

Do you really think "holding" would make any difference?

Honestly, people, wake up! Holding will not make Bitcoin move (no pun intended), "constant" transactions and exchanges will. Y'all probably about to tell me that I'm stupid, but I'd stand my ground. Yes, it's true, if an individual holds their Bitcoin it could result in a massive profit but let's be real here, there are only very few of us that "really" treat Bitcoin as an "asset", but often as a "currency". And that is a good thing IMO, supply and demand are flowing, thus also makes the market value change (it may drop or lift up, whatever the case as long as it's moving). For how long are we gonna depend on the "whales", that made the December 2017 bubble, are we seriously gonna wait for another bubble?

[Silberman]

I don't think so, but if bitcoin goes to $3,000, that would still make bitcoin’s price massively valuable. Remember, bitcoin was at $600 for most of 2016. That means that it spent years after the first bubble at 2x below $1,200.

From the perspective of 2015 and 2016, $3000 bitcoin is just a massive increase in price. This is actually a critical point which I think a lot of people, permabulls and permabears alike, don’t understand. Bitcoin can go to the lower $3,000 and still have demonstrated a massive long term price increase. It just depends on your timeframe and comparison.  if you think bitcoin is undervalued at $3,000, it’s not that bitcoin is actually undervalued, you’ve just been spoiled by $20,000 prices. after all, it is impossible for Bitcoin not to gain value over time by this mechanism as long as it stays secure and a fixed supply asset.

I 100% agree with you, that's what I'm saying too always.If we compare 2016's price to current one, there is huge increase in price. If 600$ was enough in 3016 where still even 1k was a dream, current price is far more than enough cause demand on bitcoin hasn't increased that much. But at the same time if price fall on 3k, it will be a huge shock and will be hard to overcome this. Why? Because of expectations from people, 2016's thoughts and current thoughts are far different among people. Also don't forget mining, upcoming halving, fall on 3k will ruin everything.

Our expectations are most of the time determined by the moment we got in the market, I still remember when the bitcoin price was below 1000 dollars so to me any price above that means that bitcoin has made great progress, but if you compare my expectations to the expectations of those that got in the market on December of 2017 and bought bitcoin at 20000 then they have very high expectations of bitcoin, expectations that are not being fulfilled and it is one reason why you see so many investors disappointed with bitcoin and the market in general.

[TriplexXx]

It seems to bear market. Should I hold BTC now?

Yep, it might be a little market correction. once the correctional time is over the bitcoin price will jump again. I usually hold my bitcoin for a month even when the market is going down to actually see the outcome of whether the market will react immediately or not. sometimes the market reacts immediately after the correction. 

[BitcoinHunt3r]

It seems to bear market. Should I hold BTC now?

Yep, it might be a little market correction. once the correctional time is over the bitcoin price will jump again. I usually hold my bitcoin for a month even when the market is going down to actually see the outcome of whether the market will react immediately or not. sometimes the market reacts immediately after the correction. 

Correction will always happen, but maybe if go to 3k like what OP's title said it will make people panic and it can be worse. If me personally will hope 3k wouldn't happen anymore or maybe we will see bitcoin price can be in low price again.

[manok jepang]

Two days ago, the price of Bitcoin had dropped to $ 7,800 per coin from $ 8,200 per coin. It may be that the majority of market participants are still in a wait and see condition, so that the movement of the Bitcoin market tends to be influenced by the Price action that is currently taking place. If my prediction remains as before, which is still in Sideways condition in the area of $ 9300.

[BitHodler]

other than that, looking at some of today's analysis, saying that the lowest price for bitcoin might only reach $ 7000, and I think that's still pretty difficult.

It's not that difficult when all it takes is the price to trigger stops and the uncontrolled selling starts---exactly what we have seen happen when we broke out of the descending triangle not that long ago.

Don't let the current stability fool you into thinking that we're doing fine.... the same stability is what we had around the $10k level and we went down anyway---we need sideways consolidation in a bull market, not bear market.

Well, I don't think anyone would expect a price of $ 3k.

I find myself to be quire bearish lately, but not bearish enough to see the price fall that low. My lowest "worst case" bottom scenario is $5-$5.5k and that's low as heck already.... I'll definitely stock up on Bitcoin big there.

[BitcoinHunt3r]

It seems to bear market. Should I hold BTC now?

Yep, it might be a little market correction. once the correctional time is over the bitcoin price will jump again. I usually hold my bitcoin for a month even when the market is going down to actually see the outcome of whether the market will react immediately or not. sometimes the market reacts immediately after the correction. 

Correction will always happen, but maybe if go to 3k like what OP's title said it will make people panic and it can be worse. If me personally will hope 3k wouldn't happen anymore or maybe we will see bitcoin price can be in low price again.

most likely being at a price of $ 3k is indeed quite difficult for now, even to date the price of bitcoin is quite stable at the price of $ 8,300, even this has been happening for quite a while. other than that, looking at some of today's analysis, saying that the lowest price for bitcoin might only reach $ 7000, and I think that's still pretty difficult. Well, I don't think anyone would expect a price of $ 3k.

If someone expect that price maybe they are afraid to hold bitcoin longer, actually if people not confident with their investment, their fear will be bigger. And it can happen to anyone. But if that people read if others not think about bitcoin wouldn't get $3k easily, they can be more confident.

[Vaculin]

Two days ago, the price of Bitcoin had dropped to $ 7,800 per coin from $ 8,200 per coin. It may be that the majority of market participants are still in a wait and see condition, so that the movement of the Bitcoin market tends to be influenced by the Price action that is currently taking place. If my prediction remains as before, which is still in Sideways condition in the area of $ 9300.

I didn't noticed that it dropped below $8k, maybe because I am not anymore constantly monitoring the price of bitcoin as I believe in time it will rise.
Bitcoin though have dropped to below $10k but compared to its price last January, we can tell there's a major improvement.

If bitcoin will once again dropped to $3k, I would not panic as we've been in that price before and we were able to see some good pump in just a short period of time, actually if we understand how the market move, panic will never come into our mind.

[Silberman]

Two days ago, the price of Bitcoin had dropped to $ 7,800 per coin from $ 8,200 per coin. It may be that the majority of market participants are still in a wait and see condition, so that the movement of the Bitcoin market tends to be influenced by the Price action that is currently taking place. If my prediction remains as before, which is still in Sideways condition in the area of $ 9300.

I didn't noticed that it dropped below $8k, maybe because I am not anymore constantly monitoring the price of bitcoin as I believe in time it will rise.
Bitcoin though have dropped to below $10k but compared to its price last January, we can tell there's a major improvement.

If bitcoin will once again dropped to $3k, I would not panic as we've been in that price before and we were able to see some good pump in just a short period of time, actually if we understand how the market move, panic will never come into our mind.

You don't really have to worry since the price of bitcoin is never going to drop below 3000 ever again, while the short term fluctuations of the price can take bitcoin anywhere if you take a look at the long term prospects of bitcoin you'll see a line that goes upwards and each time the price goes up and then down the new baseline of bitcoin becomes higher this means that is very unlikely that the price will go below 3000, it is my prediction that at worst we will see bitcoin reaching 5000.

[kolonel_x]

It seems to bear market. Should I hold BTC now?

Yep, it might be a little market correction. once the correctional time is over the bitcoin price will jump again. I usually hold my bitcoin for a month even when the market is going down to actually see the outcome of whether the market will react immediately or not. sometimes the market reacts immediately after the correction. 

Correction will always happen, but maybe if go to 3k like what OP's title said it will make people panic and it can be worse. If me personally will hope 3k wouldn't happen anymore or maybe we will see bitcoin price can be in low price again.

most likely being at a price of $ 3k is indeed quite difficult for now, even to date the price of bitcoin is quite stable at the price of $ 8,300, even this has been happening for quite a while. other than that, looking at some of today's analysis, saying that the lowest price for bitcoin might only reach $ 7000, and I think that's still pretty difficult. Well, I don't think anyone would expect a price of $ 3k.

If someone expect that price maybe they are afraid to hold bitcoin longer, actually if people not confident with their investment, their fear will be bigger. And it can happen to anyone. But if that people read if others not think about bitcoin wouldn't get $3k easily, they can be more confident.

Low enough to go down to $ 3000 will that happen? I don't think so, I also expect a low price for bitcoin because I am confident that bitcoin will reach the highest level next year, but the question will be that bitcoin falls even worse because many people are worried that if bitcoin falls, myself will be more confident.