Bitcoin Will Crash Below $3000. - page 6.

Siren

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Quote from: jtipt on November 13, 2017, 10:06:34 PM

Quote from: BobLawblaw on November 13, 2017, 11:12:13 AM

Cool story, bro.

Yeah. Seems like bitcoin is already in its 'recovery mode'. Already up to $6600, it's definitely not going to drop below $3000 now. BTC popularity is enough to keep it up even if it has a lot of technical flaws.

I agreed. Although there are a lot of better altcoins that bitcoin, but since its the first to come up and because popular it has somewhat gain the trust by the investors so I highly doubt that it can go down to $3000. And just what we said, bitcoin is going up again after a period of drop, roller coaster price specially the attack coming form the supporters of bitcoin cash. Now its above $6600 and probably on the way to $7000++ again. So the scenario of it crashing is not happening.

jtipt

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Quote from: BobLawblaw on November 13, 2017, 11:12:13 AM

Cool story, bro.

Yeah. Seems like bitcoin is already in its 'recovery mode'. Already up to $6600, it's definitely not going to drop below $3000 now. BTC popularity is enough to keep it up even if it has a lot of technical flaws.

Caladonian

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Quote from: Omega Weapon on November 13, 2017, 09:43:23 PM

Quote from: thinair on November 13, 2017, 05:01:14 AM

Bitcoin Must Crash - $7500 Is The Peak
https://bitcointalksearch.org/topic/bitcoin-must-crash-7500-is-the-peak-2380173

12 Nov 06:00 - $5600
12 Nov 22:00 - $5680

The market tested the lows within 16 hr. The market is now at around $6350.

For those who are in profit, locking in the profit is safe.
For those who are not yet in bitcoin, at the least wait for a month.
Wait.

Those who talk about bitcoin going to $10,000 by Christmas is just fantasizing - from pure unadulterated greed.

It is pure greed believing bitcoin will go to $10,000 by year's end.

Why should bitcoin be worth $10,000? They believe in the talks by the propaganda about how bitcoin is the currency of the future...banks and governments cannot touch bitcoin and therefore there is no way it goes but UP...

All time is the correct time buying into bitcoin.

But they forget that bitcoin cannot be a currency, but only as a medium of speculation.

Bitcoin's only worth is as a medium of speculation for transfer of wealth from the bottom 95% to the top 5%.

I will not repeat my arguments as I have already explained in my other posts that bitcoin will never bring any real economic benefits to the world.

I would not mind if bitcoin went down in value since that will give me the chance to get cheap bitcoin however I disagree completely with the last part of your post, you think bitcoin is not going to bring any economic benefits to the world, a currency that can be used everywhere with no limitations and that cannot be confiscated, bitcoin is the best currency ever invented and if that is not going to bring economic benefits to the world then nothing will.

If all of us have the same idea how bitcoin works then yes it will bring big changes inside economic area of any countries if more people will push this system and let company adopt bitcoin transactions it will lessen and easy those transactions between each countries. I'm still in the good side of bitcoin future this test will just let the value to become stronger.

Omega Weapon

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Quote from: thinair on November 13, 2017, 05:01:14 AM

Bitcoin Must Crash - $7500 Is The Peak
https://bitcointalksearch.org/topic/bitcoin-must-crash-7500-is-the-peak-2380173

12 Nov 06:00 - $5600
12 Nov 22:00 - $5680

The market tested the lows within 16 hr. The market is now at around $6350.

For those who are in profit, locking in the profit is safe.
For those who are not yet in bitcoin, at the least wait for a month.
Wait.

Those who talk about bitcoin going to $10,000 by Christmas is just fantasizing - from pure unadulterated greed.

It is pure greed believing bitcoin will go to $10,000 by year's end.

Why should bitcoin be worth $10,000? They believe in the talks by the propaganda about how bitcoin is the currency of the future...banks and governments cannot touch bitcoin and therefore there is no way it goes but UP...

All time is the correct time buying into bitcoin.

But they forget that bitcoin cannot be a currency, but only as a medium of speculation.

Bitcoin's only worth is as a medium of speculation for transfer of wealth from the bottom 95% to the top 5%.

I will not repeat my arguments as I have already explained in my other posts that bitcoin will never bring any real economic benefits to the world.

I would not mind if bitcoin went down in value since that will give me the chance to get cheap bitcoin however I disagree completely with the last part of your post, you think bitcoin is not going to bring any economic benefits to the world, a currency that can be used everywhere with no limitations and that cannot be confiscated, bitcoin is the best currency ever invented and if that is not going to bring economic benefits to the world then nothing will.

F3arl3ss

newbie

Activity: 31

Merit: 0

The problem is sky high transaction fees and a cap on transactions per second. I'm not really sure how bitcoin is supposed to be scalable... Therefore, I'm not sure that this valuation is truly justified. Although over a short period of the time it may bubble. In the long run, bitcoin will probably go down in value.

BUK2016

full member

Activity: 770

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If bitcoin value should decline down to $3000 I will not hesitate to convert all my money in the bank to bitcoin because that level will be a great opportunity for me to invest more in bitcoin. Reason been that am of the believe that bitcoin will raise again with time. But if it is for short term period, I will not take such a risk by investing all my saved money if bitcoin value should decline to $3000 as you speculate.

Emelectrol

newbie

Activity: 29

Merit: 0

This is a unregulated market with early adopters that can control it at their liking. Rational market analysis doesn't work

Anyway as long as it stays above 6 $ I'm in profit

thinair

newbie

Activity: 28

Merit: 0

Quote from: pjhom on November 13, 2017, 11:16:52 AM

It won't make $3000 based on the current circumstances. For that to happen, something really bad in the space would have to come to pass.

Fanatic markets know how see news to explain why a market rise or fall - Putin caught a cold, a cow was knock down on the streets of Delhi...something really bad happened Grin

BobLawblaw

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Neighborhood Shenanigans Dispenser

Cool story, bro.

pjhom

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It won't make $3000 based on the current circumstances. For that to happen, something really bad in the space would have to come to pass.

electronicash

legendary

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$3000 is way down already, its going to be a big disappointment if it goes that low. i'd lose faith to all these crypto whenever this happen. right now $5k is already cheap for someone who wants to get into. so the moment it will start to touch $5k, people will soon be buying which is why it can't go down that low.

thinair

newbie

Activity: 28

Merit: 0

Quote from: F3arl3ss on November 13, 2017, 10:33:17 AM

What are the chances that bitcoin can stabilize above 5k in the near term? If it can stay above these levels, should never return to below 3k levels...

You have to bear in mind that bitcoin now is all gambling. Ask yourself what your chances are against shrewd professional gamblers. The prices before they started to pump up the market was $600. Those very rich funds know how to acquire things at lows and then push them up sky-high - as with the current $7500 peak.

The lows they acquired their large holdings may be around $1000. At any price above $1000, they make a profit. So the actual bottom may well be below $5000.

Rickirs

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Activity: 206

Merit: 20

Quote from: thinair on November 13, 2017, 10:02:42 AM

Bitcoin at $10,000 is only a self-delusion - the logic is inconsistent.

Bitcoin is all about buy-low sell-high - nothing about buying bitcoin (viz other crypto) for its "especial" value and to HODL. Buying bitcoin now to hold and handing them over to your grandsons is not an investment strategy!

You must have bought at lows before you could sell at high. Come bitcoin $10,000.

Why should there be such buyers for bitcoin at $10,000 when you yourself are already off loading.

This logical inconsistency means there never will be a bitcoin $10,000 - there is no bitcoin $10,000 to celebrate this Christmas. Only gloom for those invested in bitcoin above $6000.

You came up with some nice simple logics point is that , there will be always buyers, if it touches 10k, then there will be speculation of touching 15K, as long as there are speculations, there will be buyers

Lomperd1

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Quote from: thinair on November 13, 2017, 09:03:06 AM

Quote from: tokeweed on November 13, 2017, 08:48:47 AM

Nope, it doesn't look like BTC will crash to and below 3000 USD. And it's really looking like a lot crypto noobs panic sold, when they should be panic buying. Cheesy

When it comes to Bitcoin, it's a different ball game. The best strategy for it is the Bizzaro Trading Guide.

Bitcoin is now at $6700 back from $5680.

12 Nov 23:00 - $5680
13 Nov 13:00 - $6700

Steep rise within 14 hr. This is again an exponential rise that can only come from pumping from very large players - including the exchanges themselves which have complete ease to buy and sell.

The current rate of rise or pumping is the fasted rate in all recent history!
The fall will be as fast as its rise.

Ordinary demands cannot push bitcoin up at this rate. This round of pumping will have to stop very soon as there won't be enough of first time buyers waiting to get into bitcoins. Those wanting to transfer bitcoins to the exchanges to sell would find it very difficult because of bitcoin's very large pool of unconfirmed transactions.

I cannot understand where "panic" buying can come from. Roll Eyes

As i have know bitcoin is back at recovering. People who are saying that bitcoin will fall to 3k are the people who don't know that bitcoin actually is. Bitcoin gets nowdays a lot of support.

Bitcoin would no way fall very hard below 3k. Have you guys not seen the potential ? I knew bitcoin would be back my brother was also saying this.

Denker

legendary

Activity: 1442

Merit: 1016

We will see what's going to happen. But I feel you're uber bearish here.
However that's your opinion and I can accept that. Market will fight it out and then we will know what the bottom is.
No reason to freak out or panic. Imo we are going to 5 digits next year anyway.
If you're in for the long hold don't worry and just ignore all the drama.Sit it out.

thinair

newbie

Activity: 28

Merit: 0

Quote from: brobbel on November 13, 2017, 10:36:03 AM

Quote from: thinair on November 13, 2017, 05:01:14 AM

Bitcoin Must Crash - $7500 Is The Peak
https://bitcointalksearch.org/topic/bitcoin-must-crash-7500-is-the-peak-2380173

12 Nov 06:00 - $5600
12 Nov 22:00 - $5680

The market tested the lows within 16 hr. The market is now at around $6350.

For those who are in profit, locking in the profit is safe.
For those who are not yet in bitcoin, at the least wait for a month.
Wait.

Those who talk about bitcoin going to $10,000 by Christmas is just fantasizing - from pure unadulterated greed.

It is pure greed believing bitcoin will go to $10,000 by year's end.

Why should bitcoin be worth $10,000? They believe in the talks by the propaganda about how bitcoin is the currency of the future...banks and governments cannot touch bitcoin and therefore there is no way it goes but UP...

All time is the correct time buying into bitcoin.

But they forget that bitcoin cannot be a currency, but only as a medium of speculation.

Bitcoin's only worth is as a medium of speculation for transfer of wealth from the bottom 95% to the top 5%.

I will not repeat my arguments as I have already explained in my other posts that bitcoin will never bring any real economic benefits to the world.

And it is very clear that a newbie here knows much about this, and has the ability to predict the price of bitcoin without any knowledge about this at all.

Why are you even bothering us, when you don't think bitcoin has a future?

Honestly, do you have a degree in economics or finance?

The US Federal Reserve Bank - the Fed - is the central bank for the US dollar monetary system.

Honestly, do you know how a fractional reserve banking system works ?

brobbel

sr. member

Activity: 966

Merit: 342

Quote from: thinair on November 13, 2017, 05:01:14 AM

Bitcoin Must Crash - $7500 Is The Peak
https://bitcointalksearch.org/topic/bitcoin-must-crash-7500-is-the-peak-2380173

12 Nov 06:00 - $5600
12 Nov 22:00 - $5680

The market tested the lows within 16 hr. The market is now at around $6350.

For those who are in profit, locking in the profit is safe.
For those who are not yet in bitcoin, at the least wait for a month.
Wait.

Those who talk about bitcoin going to $10,000 by Christmas is just fantasizing - from pure unadulterated greed.

It is pure greed believing bitcoin will go to $10,000 by year's end.

Why should bitcoin be worth $10,000? They believe in the talks by the propaganda about how bitcoin is the currency of the future...banks and governments cannot touch bitcoin and therefore there is no way it goes but UP...

All time is the correct time buying into bitcoin.

But they forget that bitcoin cannot be a currency, but only as a medium of speculation.

Bitcoin's only worth is as a medium of speculation for transfer of wealth from the bottom 95% to the top 5%.

I will not repeat my arguments as I have already explained in my other posts that bitcoin will never bring any real economic benefits to the world.

And it is very clear that a newbie here knows much about this, and has the ability to predict the price of bitcoin without any knowledge about this at all.

Why are you even bothering us, when you don't think bitcoin has a future?

F3arl3ss

newbie

Activity: 31

Merit: 0

What are the chances that bitcoin can stabilize above 5k in the near term? If it can stay above these levels, should never return to below 3k levels...

thinair

newbie

Activity: 28

Merit: 0

Quote from: JeffBrad12 on November 13, 2017, 09:56:55 AM

Quote from: Granxis on November 13, 2017, 09:38:13 AM

Quote from: tokeweed on November 13, 2017, 08:48:47 AM

Nope, it doesn't look like BTC will crash to and below 3000 USD. And it's really looking like a lot crypto noobs panic sold, when they should be panic buying. Cheesy

When it comes to Bitcoin, it's a different ball game. The best strategy for it is the Bizzaro Trading Guide.

$ 3,000 seems very difficult, but I think Bitcoin can go for $ 4,500. Bitcoin Cash and Bitcoin Gold will now begin to compete with Bitcoin. If segwit had taken place, Bitcoin could be between $ 3,500- $ 4,500.

Not only difficult but that was just another bullshit. There is no real competitor to the bitcoin. bitcoin cash comes with its difficulty adjustment to steal the bitcoin miner's interest. And the bitcoin gold was coming with its pre-mined token for the developer worth over $30 million dollars. Both should be considered as a crap coin. Segwit already happened and what do you mean about the last sentences?
This time the more panic sells just created by FUD.

Bitcoin at $10,000 is only a self-delusion - the logic is inconsistent.

Bitcoin is all about buy-low sell-high - nothing about buying bitcoin (viz other crypto) for its "especial" value and to HODL. Buying bitcoin now to hold and handing them over to your grandsons is not an investment strategy!

You must have bought at lows before you could sell at high. Come bitcoin $10,000.

Why should there be such buyers for bitcoin at $10,000 when you yourself are already off loading.

This logical inconsistency means there never will be a bitcoin $10,000 - there is no bitcoin $10,000 to celebrate this Christmas. Only gloom for those invested in bitcoin above $6000.

jackhdt

sr. member

Activity: 476

Merit: 256

I don't think that $7500 is the Peak. It's not like Bitcoin is collapsing
the segwit2x was cancelled making miners comes with Bitcoin cash, this speculators to reduce holdings Bitcoin and move from Bitcoin to Bitcoin cash

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