Topic: Bitcoin could still crash below $3000 - Vinny Lingham - page 2. (Read 13656 times)
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!
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.
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.
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 !
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.
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.
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.
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. But I am overall bullish for btc.
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.
But I am overall bullish for btc.
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.
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/
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/
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 ?
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 ?
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.
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.
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.
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.
He is not totally wrong because the possibility of it happening is there. It can happen. If bitcoin can fall from 20k to 3k, then it can reverse from 6 to 3. Right now we are not totally out of the bear market. We are starting to get into the bull but there is still that chance that it will suddenly reverse.
With bitcoin price predictions nobody is totally wrong, until moment comes when we see the price and we know who was wrong, who was close, and in the end who was right. We all know that anything is possible with bitcoin, there are just lower or higher chances for some price prediction to be accurate in the end. Yes it can drop, but it can rise too. Bitcoin needed less than a year to rise from $1,000 to $19,000, anything can happen, anything can happen fast, so be open for everything is my advice.
He is not totally wrong because the possibility of it happening is there. It can happen. If bitcoin can fall from 20k to 3k, then it can reverse from 6 to 3. Right now we are not totally out of the bear market. We are starting to get into the bull but there is still that chance that it will suddenly reverse.
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 don't think that the price of Bitcoin could go back to $3000 anymore, though I know that it is possible for the price to get back to $4000 but a wall will be built around that for a long while, then we are going to see a bull run in price, this bull run will start little by little and then begin to grow better even much more than what we saw in 2017, this is the main reason it won't be good to miss out from what is coming, so make sure you get some Bitcoin and keep in your possession.
Great you also think in line with me that the bull run we will see this time ill com little by little, and If I am to break it down based on one or two things I can out together, I will conclude that this gradual growth process will make it quite impossible to really see a dip as low as $4000.It will be easier for virtually 60% of investors to dump their coin at a very fast growth, if it takes the shape of 2017, but if its going gradually, every increase will have some investors put in money and they will always target a higher profit which will keep the price still high even if the older investors dump theirs.
If that is what you are waiting for to enable you buy Bitcoin at the cheaper rate then you may end up waiting in vain for I don't see any possible effect that will push Bitcoin value down to $3000 in time soon.
I don't trust any of these people, just spreading negative predictions hoping people sell and crash the price so he can buy up cheap bitcoins. I never suggest trying to play the swing trading game and buy in cheaper, you will get left behind when the bull really takes off and be forced to FOMO in at high prices.
I think indeed you should not care about them, you better stay focused on your principles and standings so you can see how the development of cryptocurrency prices and with long-term trading methods can be one of the safest choices. 
The possibility is always there, bitcoin is back down to 3k or even higher and can reach 6k. I still believe in bitcoin, and even though the condition of bitcoin is deteriorating but I still hold on, because bitcoin will be able to rise again.
Bitcoin is not deteriorating to me and it has done well if you viewed it from the beginning. It has grown from cents to thousands of dollars and it is worth more than an once of gold. It is possible for bitcoin to fall backworld to $3000 as its still possible to grow back to $20,000! We should know that bitcoin is here to stay and investing in it now that we can get it cheap is the right thing to do. Jump to: