bitcoin and decreases in 2017 and 2018. - page 3.

hadveach

full member

Activity: 448

Merit: 102

Quote from: mk4 on September 30, 2018, 07:01:13 PM

Every year is victorious for bitcoin as long as it gets developed and globally adopted more and more every year, regardless of price.

Quote from: hadveach on September 30, 2018, 06:13:32 PM

if the drastic decline occurs again at the end of December 2018, then I think that bitcoin will fall $ 500.

It doesn't work that way. For BTC to drop from $6500 to $500, it would take another 171.42% decrease. The chances of that happening is extremely slim in my opinion.

Bitcoin's victory is a victory for investors, and bitcoin users. I realize that every year bitcoin always increases for the better, but when bitcoin falls drastically from $ 20K and now bitcoin price only $ 6K, I think it's not a victory for some investors.
What do you think? How do you think about investors who buy when $ 20K?

I always believe that bitcoin can fall to hundreds of dollars again.

oppasong

full member

Activity: 476

Merit: 100

the price of 2017 bitcoin is very different from the price of 2018 bitcoin, and if predicted at the end of December it will remain stable at $ 6k if viewed from current market movements, but that does not rule out the possibility that crypto can rise at any time because crypto is very difficult to monitor.

KirunBarber

full member

Activity: 567

Merit: 100

market recovery after static instability is not easy and takes a long time, from the beginning of 2018 to this moment there has been good progress. the market starts to move, bitcoin starts to rise. and I am very sure of the good moment at the beginning of October, even though it is not as good as last year .... let's see,

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

it think OP is saying price will fall $500 not to $500 which means for example if price is $6500 now it will fall down $500 and reach $6000.
if I am right then $500 is not really a significant drop, considering that size is only 7% and that falls within daily fluctuations. although breaking a buy support like $6k and going $500 below it has its own significance because it is a very major buy support and it is extremely hard to break it and stay below. if we successfully break it with a ridiculously big dump then it won't be $500 drop, it can go as big as $1000 because of the panic. but I wouldn't expect a big panic since the panic seller weak hands have been flushed from the market.

AkimotoTsubasa

newbie

Activity: 19

Merit: 1

i think you right. i think next year bitcoin market will rise up.maybe it can reach 30000$ Grin

taiwww

sr. member

Activity: 588

Merit: 257

I don't believe in OP at all. You said bitcoin went downtrend in 2017 when it reached 20K USD value. Wrong. It actually went ATH after having the values near to 1000 USD by January 2017 and it step by step went up high to 5000 USD where it stabilised a bit, fallen back again and then jumped ATH. This is how it went through 2017 and this is what happening this year as well. Look at the values, they went down because it was obvious that people will sell for higher prices and thus market will get liquified. Now slowly the market is again getting condensed and thus it will rise in the value slowly for sure.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: hadveach on September 30, 2018, 06:13:32 PM

2017 was a victory for bitcoin, but by the end of December 2017, bitcoin was slowly falling with drastically, the value was $ 20K, and now it was $ 6K.

Its because when we almost touch $20000 we are already in a bubble. It got burst easily that's why the price is hovering around $6500-$7000 but it's still good in my opinion.

Quote from: hadveach on September 30, 2018, 06:13:32 PM

if the drastic decline occurs again at the end of December 2018, then I think that bitcoin will fall $ 500.

What made you think that bitcoin will fall to $500? Or do you mean $5000? I don't think that bitcoin will go $5000 or below, the price keeps stabilizing around $6000. I think people are willing to bought bitcoin around that price so I doubt that we will reach another bottom ($5800) this year.

Quote from: hadveach on September 30, 2018, 06:13:32 PM

I want to know your prediction, do you have the same thoughts as me, or do you think that bitcoin will survive at $ 6K until the end of this year. what is the main reason you think like that?

No one has the crystal ball but if you are looking at the sentiments and the news around, there's a possibility that we can go as high $8000-$10000 at least in 2018.

PsylockReborn

member

Activity: 420

Merit: 24

$6k to $500 is not realistic indeed. That huge dip is very impossible to happen. If ever bitcoin will fall to that very low value at the end of the year then altcoins' value will be down to zero. For we all know that when btc value drops, altcoins value will go down as well.

That down fall will really create panic if it will happen. We can't really tell but in my own honest opinion about the value of bitcoin, I'm pretty sure that it wont go down past $5k. We shouldn't underestimate the community that supports this awesome technology.

Bitcoin has gone so many downfalls but still remained strong and recovering every dips that happened. What I can see is that by the end of the year or the beginning of the next year, bitcoin will have a strong recovery. We just have to wait and see what the future will bring.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: hadveach on September 30, 2018, 06:13:32 PM

2017 was a victory for bitcoin,

a "victory" for bitcoin is when it gets more adopted not when it gets more speculators and we see a bubble because of them. 2017 was a victory not because of the price rise but because of the major adoption increase that happened like Japan case.

Quote

but by the end of December 2017, bitcoin was slowly falling with drastically,

well at the start of December 2017 price was $9k and by the end of December 2017 price was $15k. i wouldn't call that "drastic fall".

Quote

if the drastic decline occurs again at the end of December 2018, then I think that bitcoin will fall $ 500.

did you by any chance meant $5000 instead of $500? because $500 is just dumb.
in any case you are correct, if there is another drop we can see $5000 but the question is, Will there be a drop? and in my opinion there isn't any drops, we may see some manipulation and an attempt to push it down again but these attempts aren't known to last long or even be successful that much.

AkimotoTsubasa

newbie

Activity: 19

Merit: 1

i think noway it's fall to 500$. if it's drop i think just reach the price of $2k

Hira1995

copper member

Activity: 42

Merit: 2

Although the cost of bitcoin has decreases in late 2017,I do not think its value will be reduced.Because the demand for bitcoin is increasing constantly.I think its value may increase further since December 2018.

burky156

full member

Activity: 658

Merit: 112

I would never think that the bitcoin price will fall like $500, it is impossible. If the bitcoin decrease to that price all cryptocurrency market crushes and dies. When i look at the investments for the bitcoin and the cryptos i am sure it will not decrease. 1000s of company has invested in cryptos and every new day in many business the people using bitcoin and altcoins. Every new day new ATM's opening in all over the world. So impossible, don't think about that..

budismile

jr. member

Activity: 293

Merit: 1

According to the information I got, at the end of 2018 Bitcoin will increase, Proof of Bitcoin will rise is Rich investors have already flown a lot of money to Bitcoin, and then the Bitcoin system has been repaired and can provide services quickly and to fee cheaply.

VEIL-Project

copper member

Activity: 16

Merit: 0

I think the greatest contributor to price decrease in 2018 have been government bans and regulations on trading. Up until January this year, China was the largest Bitcoin market. Don't think we'll see any more major price drops unless more countries start banning.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: Glenyer03 on September 30, 2018, 07:33:59 PM

All that can happen, bitcoin prices continue to decline because there are many negative issues about bitcoin, especially yesterday social media also prohibits promoting bitcoin and there are still some countries that prohibit using bitcoin services, if I personally think all that happens is natural law.

The bitcoin advertising ban on social media was already some time ago. Social media sites are slowly allowing bitcoin and blockchain related advertisements but with stricter requirements to prevent fraudulent ads.

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: hadveach on September 30, 2018, 06:13:32 PM

2017 was a victory for bitcoin, but by the end of December 2017, bitcoin was slowly falling with drastically, the value was $ 20K, and now it was $ 6K.

if the drastic decline occurs again at the end of December 2018, then I think that bitcoin will fall $ 500.

I want to know your prediction, do you have the same thoughts as me, or do you think that bitcoin will survive at $ 6K until the end of this year. what is the main reason you think like that?

Pretty sure you are just plain wrong and don't understand that after all time highs there is going to be a downtrend and it seems that our down trend is possibly on the rise now, time is will tell though.

fuer44

sr. member

Activity: 1652

Merit: 262

looking at the bitcoin price chart which lately tends to be more stable, I think at the end of the year the price will remain at $ 6. or at least down slightly or slightly up in the range of $ 5- $ 7.

Glenyer03

newbie

Activity: 308

Merit: 0

All that can happen, bitcoin prices continue to decline because there are many negative issues about bitcoin, especially yesterday social media also prohibits promoting bitcoin and there are still some countries that prohibit using bitcoin services, if I personally think all that happens is natural law.

franky1

legendary

Activity: 4410

Merit: 4788

2016 always above $300
2017 always above $900
2018 always above $5800

no point stand alone at the top of the mountain where only one buyer and seller made the top price
better to stand at ground level where everyone can take advantage of the moving prices and all can see the yearly growth

the ATH are not sustainable value. but temporary glitches that correct. 99% of the community were not online or not able to act on the $20k so it holds no substance or reason for people to care or mention it as they never got to do anything with it. not was it intended to last

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Every year is victorious for bitcoin as long as it gets developed and globally adopted more and more every year, regardless of price.

Quote from: hadveach on September 30, 2018, 06:13:32 PM

if the drastic decline occurs again at the end of December 2018, then I think that bitcoin will fall $ 500.

It doesn't work that way. For BTC to drop from $6500 to $500, it would take another 171.42% decrease. The chances of that happening is extremely slim in my opinion.

Topic: bitcoin and decreases in 2017 and 2018. - page 3. (Read 516 times)