imran101 (OP)
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May 09, 2020, 08:52:11 AM |
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Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market
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nicecrypto
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May 09, 2020, 09:01:41 AM |
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Go down below $3500? I am not an expert but i highly doubt we can see that price again, i think the first time it happen was as a result of the pandemic panic but now people already understand the situation of the virus and know how to manage it, for that, am not sure btc will go as low as you are saying, However, the market can surprise us, halving is few days, people expect price to be up, then maybe a dump afterwards, everything will depend on market.
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Jawhead999
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May 09, 2020, 09:21:09 AM |
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Yes it possible, even if you think bitcoin can hit $1000 or $1,000,000 it's still possible. Bitcoin price is very volatile, probably it can change around 30%/day. But, that price can't change so fast for 30% because of demand and supply, news ( now FOMO about halving ), and many other sector. Everyone can free to predict, but you should learn to analysis yourself than said from many experts. As you know, many experts like you said it not totally know about the bitcoin it is, most only want to make "bad news" for bitcoin or advertising his service / project / ICO.
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Nadziratel
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May 09, 2020, 09:33:10 AM |
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Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market
I do not think that anything related to the epidemic will affect Bitcoin in this period when the world is trying to normalize. Apart from this, withdrawal may occur gradually with halving. But we will experience together to what extent this will happen.
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KrisAlex18
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May 09, 2020, 09:33:46 AM |
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Everything can still happen, even though the bitcoin halving has started, it can still go down because as we observed the movement of the graph, the are still times that it goes down, the price of the bitcoin is around $9000 h $10000 and the highest value for this day so far is $10026 and the lowest do far is $9500 so everything can still happen so we should be careful when reading or investing because we cannot sure that the price of bitcoin will continue going up. Go down below $3500? I am not an expert but i highly doubt we can see that price again, i think the first time it happen was as a result of the pandemic panic but now people already understand the situation of the virus and know how to manage it, for that, am not sure btc will go as low as you are saying, However, the market can surprise us, halving is few days, people expect price to be up, then maybe a dump afterwards, everything will depend on the market.
Hitting $3500 could be still possible because bitcoin is volatile and it changes seconds by seconds but hitting $3500 will not be so quick or easy because of many supplies.
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20kevin20
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May 09, 2020, 10:13:21 AM |
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If enough people quit using, hodling and having interest in BTC, the price could dump even to $1. It all depends on what the decentralized community (us) do. With a pandemic or without, the markets will be moved accordingly with our moves.
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Reid
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May 09, 2020, 10:18:13 AM |
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Could have been easier to understand if you just said thrity-five hundred dollars or just $3500. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) You got me there. It can. Even below that. There is no stability with the price of bitcoin. It aint like stable coins that are being created out there. Dumps do happen and it could be tomorrow or the next day. Specially now when it hits the 10k mark. There will be sellers just for ROI or those who thinks they already made a profit.
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boyptc
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May 09, 2020, 10:25:06 AM |
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Do you think that the price of bitcoin can come down to below three and a half thousand dollars?
It is possible but unlikely. Bitcoin's volatility can bring the best out of it and also the worst of it. Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again.
Despite the pandemic, bitcoin performed well. The other markets also did the same but it's a swinging market so you can think about what you want to think. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market
The market has never been stable, it's volatile all of the time.
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Janation
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May 09, 2020, 10:34:06 AM |
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Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market
I highly doubt that it will go back to that price. I do agree that there is a pandemic happening right now and it is true that people are actually scared of it but I don't think that it will majorly affect the price of the market of cryptocurrency. The fact that we are seeing the price of Bitcoin at this state means that there are still a lot of people buying and waiting for the halving to happen. It may dump or may have a correction but I don't think it will go that low.
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GreatArkansas
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May 09, 2020, 10:44:33 AM |
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Always possible for me. Bitcoin is always moody, expect the unexpected. After we reach before the almost $20,000, we fall for almost 80% of Bitcoin price, so the three and half thousand U.S dollars is always possible. It could be done in just a span of 24 hours just like the dump last month I think when the coronavirus started to spread.
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btc_angela
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May 09, 2020, 10:52:24 AM |
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Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market
It already did right? However, the market has bounce back already. For the market to go down to $3k levels, there should be like negative news, although. there is chance that the market will go down hard again if we see another 2nd wave of of corona virus cases. I would agree that the market will not be stable if this pandemic continues, not just bitcoin, but the rest of traditional markets. Everything is possible, 40%-50% crash, but we do hope that it won't happen.
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LogitechMouse
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May 09, 2020, 10:56:24 AM |
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As I always say "There is always a possibility for everything" especially in the crypto market. Who knew that Bitcoin will go down from 8000 down to 4000 in less than 2-3 days I think IIRC? No one knew it was coming or maybe some events like the virus is the reason why it dumped that hard at that time. Bitcoin going down to 3500 is always possible but the chances of it is around 3-5% only for me. It didn't reached the 3500 but it went up to 4000 only. I just hope that there are some who accumulated more at that price and those who are still waiting for price of Bitcoin to reach 3500, you will feel too much regret and will say to yourself "I wish I just bought Bitcoin when it was 4000-4500" and maybe it will be the worst decision you've ever made in your whole life ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) .
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Eugenar
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May 09, 2020, 11:01:08 AM |
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Yes, it could be, bitcoin has it's a feature of being volatile so it is possible that bitcoin can still go down even though the bitcoin halving has started. There are still many possible things that might happen, but I think it won't go down so deep as before when the pandemic started, it reaches about $3900 and it won't be seen again so quickly but can still see.
Remember before the pandemic virus exists, we are thinking the bitcoin will only reach $6000, so we get shocked when it reaches $3900, so everything is possible
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Gozie51
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May 09, 2020, 11:19:19 AM |
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If everything is possible to happen but there are certain times that they are expected to happen. Now bitcoin has survived the top of covid-19 and people are beginning to invest again in bitcoin. Also looking at the halving, I'm not expecting that price will go down below #3,500.
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Oasisman
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May 09, 2020, 11:23:26 AM |
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Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market
If you take a look at the price movement of Bitcoin, you can easily tell that the pandemic ain't a big hindrance for Bitcoin to continue rising. If Bitcoin falls again, that for sure not because of the pandemic, instead It surely an act of manipulation or another crypto event that triggers the price. This ain't the stocks that was heavily affected by the pandemic, because stocks are obviously ran out of demand due to the pandemic, thus causing the market index to severely drop. Cryptocurrency is different, If you thoroughly analyze, cryptocurrency isn't supposed to be affected by the health crisis, other than just people aren't able to buy more crypto because of the demand of priorities and basic necessities to survive the lockdown.
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CharlieEe
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May 09, 2020, 11:25:02 AM |
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but now people already understand the situation of the virus and know how to manage it,
We might see 2-3 years of recession, along with massive social unrest soon. I don't see the virus being our only issue.
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K4C
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May 09, 2020, 11:29:46 AM |
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The price of Bitcoin must go below price 3500$ or 3000$. There is a record that the price of Bitcoin has dropped by 30% in one day.As its price goes down to 500$, it goes up to 100,000$ and nothing is unbelievable. On top of that, it is true that hitting below 3500$ or 3000$ due to a lot of supply does not seem to be possible so quickly or very easily.
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bitbunnny
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May 09, 2020, 11:45:41 AM |
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It's always possible that Bitcoin price goes down. Bitcoin is volatile and price goes both ways. Currently the price is fluctuating and it looks like it might continue so for a while. In the upcoming period I don't expect to see some bigger price fall but not some bigger price rise either.
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kryptqnick
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May 09, 2020, 01:40:39 PM |
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Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market
These so-called 'experts' are just people who make predictions and for some reason believe their predictions are worth more than those of random people. Bitcoin is too volatile, its price is unpredictable. Will it go down to $3.5k? I guess it can, but I don't see why this would happen. Bitcoin is quite strong even though the pandemic is not over. And even the announcement of the lockdown did not push the price that low. Something very serious has to occur to trigger this event, way stronger than what the world has already been though. Or a series of events like when Bitcoin went that low the last time. I think it's unlikely.
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joinfree
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May 09, 2020, 02:04:21 PM |
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it's a volatile market mate, you should not be surprised if it goes up or down but what I can clearly say is that post having of bitcoin is always a dump. In this case, it's not yet post halving yet so my guess is that it is a manipulation from the market by whales to fill their bags with more bitcoins. Don't fall for this fear yet.
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