Topic: “Bitcoin’s no longer boring” price could fall as low as the $1500 - page 2. (Read 543 times)

Great.I want something really bad to happen with BCH,the impact over the entire crypto market will be short term and it doesn't matter to me.I want BCH to disappear,and the 2 BCH forked altcoins to become totally useless and practically dead.Saying that bitcoin core will crash to 1500 USD,only because of BCH is a weird fantasy.

trading alone. if mining was not involved could speculate the price randomly.
all the way up/ all the way down

but if you actually calculate the mining costs. (averaging out the "luck" of who wins vs their hashpower vs their cost of hardware & electric)

you will see the line of resistance. which the traders always bounce back to at a correction of speculation/manipulation

EG yea may 2017 had a mining cost of above $1200 so i can see why may 2017 had a $1.3-$2k*
(again why specifically $1.5 of May 4th??.. why May at all?? why 2017 at all?? )

and if you check the charts. the main players are mining farms. they dont react. they influence
check out the hashrate chart and you will see the curve.(a few blurred vision people deny the curve)


this curve is where new ASICS are being cough tested out cough (making money).
swapping old for new more efficient miners

i also marked the date(red circle 14th-15th october) at which they decided not to push the hashrate too much and actually bring the hashrate down while also using boost to stay mor efficient and still win blocks. which was 14th-15th OCTOBER.. before the altcoin drama.. (awhole month before before price movements)

as you can see by the red circle it was the last day the hashrate average tipped 60exa and the first day of october it went below 45exa

which shows it was not altcoin drama caused. because the altcoin drama didnt start until just a few days ago(mid november.. a month later).
mining farms do not react to price/altcoin drama(only small hobbiests do). because the miners were instead doing stuff a month before the price. and so now have cheaper hardware to be able to sell coin cheaper this month than they did before last month

*https://coinmarketcap.com/currencies/bitcoin/historical-data/?start=20170501&end=20170528

CW and his partners do not have enough bitcoins to influence the market in such a way. The miners that are backing him are burning a lot of electricity that they have to pay, so they are not hoarding massive amounts of coins.

He just said that to try and scare BTC miners away from utilizing their hash power to support the Bitcoin Cash ABC fork.  

All of this is just empty threats. 

Ok, you worried me there for a minute.   

I don't think they made up the # , I believe they used the baseline chart price before the last big rise.
$1500 is the price of btc on ~May 4, 2017 , it was the base at the start of the BTC last big rise.

BTC lost $1000 in 1 day, so a few more thousand in a few weeks to months is not extreme.

Of course, before, the virtual currency market has experienced many ups and downs. But this downturn could have a longer-term impact on whether the technology is globally acceptable. As many non-tech people have invested in virtual money over the past year and are losing money.

my point exactly!
saying price will drop to $1,500 is "disassociation with reality" as saying it will rise to $500,000 by next week.
$500k is a random number that i pulled out of my ass, just like Bloomberg did. the only difference is that i didn't write an article about it and i don't own a big news website to publish it. otherwise the principle is the same.

This article clearly states that with the price of bitcoin continuing to fall, it is very likely that with this new bitcoin cash appearing this will cause the price of all crypto to go down immediately and if it will be linked to your question Can Miners survive under $ 2000? it will be difficult for me to predict it so that time will answer all.

$500,000 (ie: ½ Million Dollars per coin) by next week ,  now that shows a lack of understanding of reality as we know it.

If you had said $10,000 or even $20,000, well I have to let that go as it has been achieved in the past, but $500,000 next week is pure disassociation with reality.

I am doubtful it could achieve that even by next century let alone next week.

bloomberg has been posting nonsense like this for years. anybody can visit the "bitcoin obituaries" webpage and see that a lot of articles there belong to Bloomberg!
anything is possible in bitcoin market but coming up with a number and talking about it is just dumb because it shows lack of understanding of the bitcoin market.

in other words there is a same level of possibility for price to go up to $500,000 by next week as there is for price going down to $1,500.

it seems someone want to buy bitcoin at $1500
split fork happen a lot of times before and later they realized that instead of gaining they will lost some
when they cash out or pay in some online store or other things they still need to convert it in bitcoin
its funny that still a lot of people dont realize it bitcoin is starting to gain more support and its not happen in instant
it comes from a lot of ups and down today even some physical store start to accept bitcoin
they are planning to start from scratch even billionare support that they will not win in bitcoin

no one can predict exactly when prices will rise and will decline. anything can happen in the future. I also see the highest Bitcoin price among altcoins even in the down market, bitcoin prices are still above the altcoin. Bitcoin has given high trust to every user who is able to manage well.

Yeah, maybe we will reach the $1500 level again but it wont last longer since many investors and whales of course will buy more that time and expect the market to bounce back again. I’m not scared if we reach this level again, I actually preparing myself to buy more bitcoin because that is the best decision that I’ve ever made in my crypto journey.

But its better not to reach this level again, the BCH war maybe the caused of this dump but we all know it will not last longer. This situation will be settled soon and miners will mine again just like before, let’s wait for the end of this so called war.

This can't be happening. Correctly pointed out above that these news are not supported by any statistics, any weighty arguments. It's just another thought that does not correspond to reality.

The crypto market is ruled by volatility and nothing is impossible. Bitcoin fell below its $ 6k support and next big support is around $ 4.8k. If it does not respect this new support, the bearish movement can continue very strong.

yes, now BCH controls the market, and even bitcoin is a victim of the BCHABC and BCHVS battles. if all investors move their assets to BCHABC or BCHVS, then bitcoin will not have a long life.

then also we will see the impact on market panic, and that makes bitcoin fall deeper again. this is sad.

but, I am still convinced that bitcoin will survive when inventory is still there.

If it goes down so much, I personally think it's fine to some extent, since you can take advantage of it to buy and then bitcoin will recover as before. Let's hope.

This article making panic give stress from the holders
But i don't believe have an effect bitcoin cash hardfork for bitcoin price drops
Let's watch and wait what will bitcoin reach this current price fall
And this article are blaming for all people to crate panic selling

   Well,maybe someone is want bitcoin to fall even $1500 so that they can buy more but i think it will not happen because people also want the value of bitcoin increase.

The big miners certainly can sustain a drop since a lot of them have been mining Bitcoin for several years.

Bitcoin could go back down to $1000,$100,$10.... but it won't because not all trader are willing to sell their Bitcoin for less except for those fork supporters.

Even if the war continues it's not enough to bring Bitcoin down to as low as $1500 imo.

Looks like $1500 was pulled from the bitcoin chart history.
https://coinmarketcap.com/currencies/bitcoin/

$1500 is what the price of bitcoin was right before it started the run up on the charts on ~ May 04,2017.

So the Bloomberg's analyst are really thinking all of the price gains since then are going to be wiped out.

* If the Bcash Hash War causes the Billionaires involved to sell the majority of their crypto holdings to support their fork,
all of the crypto they were holding (including btc) will face a serious downward price pressure as long as the hash war continues,
Wright has already said he is willing to sell his btc down to $1000 in support of his sv fork. *