Topic: Bitcoin at 2600$, is it possible !!!! - page 9. (Read 948 times)

When Bitcoin is first released and traded, it is worth only $ 0.1 / 1 BTC (about Rp 1,300 / 1 BTC). From 2009 to 2013 Bitcoin exchange rate reached 12,000 times increase, ie up to the price of $ 1,200 / 1 BTC (about Rp 15.8 million / 1 BTC). Then in the third quarter of 2017, the price of Bitcoin reached its all-time high of $ 6.194 / 1 BTC (Rp 81.7 million / 1 BTC). If we look at the total increase from 2009 to 2017 (within 8 years), Bitcoin's price has gone up by 61,940 times / 6,194,000%, a truly fantastic growth for a currency. and at the beginning of 2018 the bitcoin begins to slump back, but hopefully this situation is only temporary.

Yes. Bitcoin went up from $1 to $10,000 in 9 years. It's going back to $1,000.

If the wealthy Bitcoin holders would allow the fall of the Bitcoin so drastically ( they are actually manipulating the market with their massive drops and reinvesting) then they wouldn't actually gain profit afterward because sooner or later people would trade to other coins a bitcoin would be left alone.
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Interests of the whales are pointed high and the Bitcoin brutal drop wouldn't benefit them at all.

seem impossible to make bitcoin back to level $2600, i think bitcoin will reach $10.000 again then stable at $15.000 again.
i promise i can sell my bitcoin at $20.000, now is perfect time to invest as much as possible.

No way man $2600 is very low and im sure those who buys at 15k before and are still hodling will be very affected if the price will go dip at this value lets wait some weeks and any good news Im sure it will skyrocket again in the next month. 

Thats really value that you are talking here. Bitcoin can not fall below 3K this year because of its heavy market cap which wont be falling that below. The reason is there exists that much number of whales and peoples around the crypto currency who are not going to sell their share at any cost and thus they will keep pushing the marekt upwards all the time. You believe it or not but whatever market movement we see is all because of those weak handed people who are not making any good progress at all. They think they will loose very dime of their investment and thus go on selling crazy. That is why the movement of bitcoin towards down trend. However 3K and down wont be possible as there exist that much money into circulation all the time.

I am with you Pursuer

And about Bitcoin Price there are a lot investors in Bitcoin which is backup of Bitcoin. demand is getting higher and higher everyday, Cost of Bitcoin Mining is going high and high everyday, Don't forget no one sell anything cheaper than the cost you pay Assume you produce Coca-Cola Are you going to sell it cheaper than your Cost?

United States ranked one of the highest Bitcoin producing Country where cheapest to mine a single bitcoin in Washington will cost an average of $4,758 and Other States could cost from $5,800 to $9000. While comparing Bitcoin Miners in U.S. and South Korea Of course, bitcoin miners in the U.S. are in better shape in terms of margin relative to South Korea and some other countries, But Price to Produce Bitcoin is Range from $4K to $9K Just for a Note: Bitcoin Mining in South Korea could costs above $26,000 per Bitcoin.

Some people just think price is determined by Trading and Fluctuation its actually Not, Its determined by Market, Bitcoin Adoption, Investors and Miners. Bitcoin is never dropping less than its cost price which is $4,758 and even if you see past history Check same Situation in Oct 2013 to March 2014 But didn't went back to less than $100 where is came from , Check Oct 15 to July 16 Never went back to $267 where it came from, Check Dec 16 to Jul 17 Never went back to $673, and this Tour to 20K started with $3,896 which Bitcoin is never touching again.

I think bitcoin can go lower, but $2,600 seems too low at this point. I believe $4k could be possible, but it does not look all that likely that we will sink down that low unless something seriously damaging to the entire ecosystem to push things back.

for the price of 2600 USD in my opinion it is too low. the possibility of bitcoin prices in the near future will fall in the price range of 7000 USD and will rise at the price of 10000 USD. #CMIIW

Unfortunately, you can not exclude anything. The bitcoin may fall off. but most likely it will grow, because many people have come to bitcoin.

No one knows, everybody is just predicting. Bitcoin is already on its downturn and I think it wouldn't be more lower than that. But again, no one knows.

In cryptocurrency anything can happen but I'm not saying that we will see $2,600 soon of course I don't want to see it again. $5,000 - $6,000 is possible and we've seen it has been reached from the last strong correction that bitcoin went through, it dropped to $6,000. We've been through many waves of correction so I guess those dips were done and bitcoin is ready now to soar high.

Hopefully not happen, I remain optimistic bitcoin will move to the top and stable again in the next few years

nothing is impossible in the market but i think nobody want to see the price of btc 2600usd,it is very chaotic,i hope the price of btc should 8000-9000usd for some month before increase again

Yes, it is really possible and we already witness last years sudden pump which surprised us. Bitcoin always gives us unexpected results and that's why we people tend to have an speculation which is to make its value 3x than previous year.

Why do some people believe this could happen based on current situation? you would be crazy to be purchasing/trading crypto with such a belief.
Only a global ban would cause this to happen, and if you've been following regulation talks you'll see the praise the technology is getting, a ban seems well out of the picture now.

i don't think so, as bitcoin progressed in terms of investors, there are possibilities but it will never happen based on the current market stats, even bitcoin is volatile in nature, it will not plunge to the extent of 2600$. not this quarter i guess. just hodl and be patient, time will come to sell your assets. just believe in the system.

That could happen next month, if there is a lot of panic that keeps the bitcoin price down, it will certainly come true, all bitcoin holders know the issue issues out there that want to drop a lot of bitcoin price popups, but so far bitcoin still consistent to keep up to its extensions on the month of this month ...

Well even other way round of 2600 which is 6200$ also if done I do not think that it will break that also so 2600$ is a long way out . The market is little choppy after it crosses 9000$ and goes back to 8k zone which is real worry some at the moment.

No, $2600 is highly unlikely. if we see some major bans or strict regulations then price might fall that low, but atm everything seems to be good, there's a lot of support for bitcoin or crypto in general. we will go up!!