Topic: Bitcoin Will Crash Below $3000. - page 4. (Read 3629 times)

Well that's good and as we have to deal with the current trades right now, most of the hodlers were no exited of the price while it had developed good outcome. The signs of even more price surges is now beginning, that's why reality now come to possibility for the bitcoin economy to rise of its economy and became a popoular currency around the world. Now we are going to surpass the said fork and will pump until $10k this year end.

That dude didn't do anything. He's just trying to troll people by convincing some noobs to sell their coins due to their insecurities regarding this market. The biggest troll of this section without a doubt is kwukduck.

While he makes himself look like someone being anti Bitcoin, he actually is quite bullish. People think he sold his coins back in the days, but this dude rides this market in a smart and efficient way.

He just creates a thread, drinks a beer, and enjoys how people go nuts against him. He has a big mouth for sure, but behind all his fake negativity and trolling, hides a person being super confident in Bitcoin.

True it is very unlikely we are ever going to see that price again, it is just part of history but at the same time it is kind of funny, for a long time people wanted to reach 1000 again and since then we had non stop growing, we did not had much time to hope for bitcoin to reach 3000 or 4000 since it only took bitcoin a few weeks to surpass those prices.

Time is proving you wrong. I hope no one have followed you. It is true I would never have thought the price rise would so quick after the Bitcoin Cash failed pump, but still, who could have believed Bitcoin price would go down so much ? Frankly 3000$ are part from ancient times now.

Why did you create this thread when you already had the same kind of topic where your clear intention was to make people believe that "it peaked near to 7500" which is already proved wrong since BTC crossed 8k today itself? Are you trying to make others sell in profit or make them lose out on the opportunity itself? I don't know what do you take holding as, but it's like a penance of a sage and investors are those sages who have the courage to wait longer that you can't, as you can't resist to take out your "profits". They must be taking turns to get out in profits but markets are not being run by some 3-4 guys alone who possess xxxxx BTC with them as the effects of major public has increased since the users are highly demanding it.

If you are so good at taking profits, predict the best possible points for the buy, sell and buy back areas here for the next 3 months and we may follow.

I don't see that scenario occurring anytime soon now. Even though Bitcoin dropped by 29% it was destined to reach to its all-time high in the near future and the same thing happened. Now that the BCH nonsense is under control Bitcoin has reached up to $7928 reaching to its all-time high of $8000.
Bitcoin will not crash by $3000 now, I think the people who were speculating such things were just panic.

The truth is that there are so many investors waiting for those opportunities.
Zero hedge may have been fast enough to quickly pick it up, but there are so many people on ground waiting for that moment as well, which is more like, a first come first serve thing.

That is the level of support bitcoin is gaining and there are so many top players looking to buy at a good price since that is the best they can get it and that is what makes it more fun.

As I have said earlier, I will not post here again (because of a deletion to a post of mine) to comment on bitcoin or to make prediction of bitcoin prices.

The following is an exercise in curve fitting, fitting an exponential curve (y = A exp(kx)) to the price data of bitcoin in the recent 1 year using simple regression analysis. The curve is extrapolated into the future. I do not comment if such a curve fitting is of any use. Readers may decide if such a curve fitting extrapolation means anything.   

Data: coindesk.com 1 year data, number of points = 20;

2016/10/6/611
2016/11/19/751
2016/12/26/903
2017/1/26/915
2017/2/26/1180
2017/3/16/1173
2017/4/23/1284
2017/6/1/2452
2017/6/28/2584
2017/7/31/2873
2017/8/26/4387
2017/9/10/4191
2017/9/13/3874
2017/9/28/4185
2017/10/12/5439
2017/10/24/5519
2017/10/31/6447
2017/11/9/7146
2017/11/15/7280
2017/11/16/7843

a = 6.20708, 
A = exp(a) = 496.249,
k = b = 0.006371,
Exponential fit: y = A * exp (k * x);
start point x[0] -  2016/10/6, 611
last point x[406] - 2017/11/16, 7843

Extrapolate by number of days:

days 0, 2017-11-16, $6593
days 10, 2017-11-26, $7027
days 20, 2017-12-6, $7489
days 30, 2017-12-16, $7982
days 60, 2018-1-15, $9663
days 90, 2018-2-14, $11699
days 120, 2018-3-16, $14163
days 150, 2018-4-15, $17146
days 180, 2018-5-15, $20758
days 210, 2018-6-14, $25130
days 240, 2018-7-14, $30424
days 270, 2018-8-13, $36832
days 300, 2018-9-12, $44590
days 330, 2018-10-12, $53983
days 360, 2018-11-11, $65353
days 540, 2019-5-10, $205750
days 720, 2019-11-6, $647755
days 900, 2020-5-4, $2039305
days 1080, 2020-10-31, $6420272
days 1260, 2021-4-29, $20212711
days 1440, 2021-10-26, $63634949
days 1620, 2022-4-24, $200339607
days 1800, 2022-10-21, $630721933

I'm sure it will not decrease that much, another hype might happen if it goes that low. its just a chance for us to buy more and feels it when it pumps again. It just dump now due to cancellation of fork,  new news might come out without us noticing it.

Nope, It wont crash below even $4500 well not this year

"Bitcoin must crash", note the MUST.

Now he puts a "will" to disguise it a little.

So obvious I dont even need to answer.

It is possible if a really bad message goes out, and people will enter into a panic sell mode, but I can't see the price staying below 3000$ for long.

The only scenario that could bring the price to those levels is a rise of a forked token that will replace bitcoin, so bitcoin will become an altcoin, and a forked coin will be called bitcoin( legacy chain bitcoin will be called bitcoin core).
The support of bitcoin is much larger then it had few years ago and the crypto has no where to go.

topics like these are very good for historical purposes. i plan on making a list of all these idiotic topics speculating bullshit during each dip. it proves how untrustworthy throwaway accounts like OP are which are created before a dip (2017-11-01) then spam lots of FUD all over the forum in a week or so (114 posts) and then disappear after their shorts were filled and bought the bottoms.

it is good for newbies to see these and learn how to ignore the bullshit speculation.

With regards to the post in the OP i don't see any reason for the bitcoins to dump in that very low price unless it is intended that the whales will call out for a big news that may affect most of bitcoins holders. I don't ignore this possibility but in reality as of now it is too impossible it is half of the peak.

An day back steep fall in price took place with bitcoin cash and by the time bitcoin started to show growth on the coinmarketcap. At this time we doesn't need to think of the price go as low as $3000, already we have got near to $7000. Hope we might cross $7000 before the ongoing week end.

even if this is going to happen, I also think that this will not happen any time soon. even vice versa, bitcoin price will be higher. whenever the bitcoin price becomes $ 3000, we can only be prepared with it.

Currently with the price of bitcoin in coinmarketcap, bitcoin is going up to its initial price again, and OP saying that bitcoin will crash down to $3000 again, that looks like something that is not going to happen anytime soon.

Nobody of us knows the price we will have in one month.
The movements we are seeing at the moment are fast and with a very large amplitude.
I still can not exclude that the 10 K barrier won't fall on christmas eve.
Nore can I exclude that we might oonly have 3K.
All we can do I reac in a way that seems to be appropriate to us. That means either hold, or try to take advantage of the ups and downs.

bitcoin can still fall to 3000$ easily just like happend on the past, yet it can still recover again easily due to the demand of it because people will likely tend to buy more if they can see a huge price drop in bitcoin.



of course it can possibly happen and he is not out of his mind nor an attention seeker.

Agreed. Institutional investors always means more support for bitcoin at every level and less chance that a flash crash is going to happen. On the flip side, rises are going to come a lot quicker with the new money flowing in as well.

If it does crash below $3000 i would take that opportunity to buy in as much as i can, or at least as much as i can afford - i've sold way too low and now i'm suffering from the consequences. Crashing below $3k just means that people are panic selling and it's good to go against the crowd sentiment in these sorts of scenarios.