Bitex head: bitcoin price may drop to $2000

jimbo2000

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Quote from: ganlianshifu1 on November 07, 2018, 05:06:46 AM

The price of BTC cannot be less than $2,000!
If the price of BTC is too low, the miners will withdraw from mining and the market for cryptocurrencies will collapse!
And many whales will stop the BTC price drop!

If the price falls so low, miners will stop mining, then the difficulty will adjust so that it becomes profitable to again mine at $2000. All that being said, I don't see bitcoin falling to $2000, I think that the bottom has already been established and we won't see BTC falling below $5000 ever again, or at least till bitcoin is really finished.

ganlianshifu1

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The price of BTC cannot be less than $2,000!
If the price of BTC is too low, the miners will withdraw from mining and the market for cryptocurrencies will collapse!
And many whales will stop the BTC price drop!

aoluain

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We cannot take this seriously, no more than someone predicting bitcoin
to go to $20000 by the end of the year, but if it does go back to $2000
it wont stay there for long. There would be a rush to top up on cheap
bitcoin rates.

Koadharber

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Quote from: harizen on November 06, 2018, 03:50:11 PM

Anyone can speculate. If he sees something and do analyzation about it, then just let him do that even how unrealistic it was to think by others.

People can buy any speculation depends on their own understandings. Technically, if I will contradict his speculation and showed my analyzation, overall we are just speculating in the end.

Believed on what you think is reasonable to believed. There are lots of news, articles, speculations that always circulates around crypto so be ready to handle it.

Right, we are all speculators on here and even myself would say that I do believe that it would able to reach below $1000. Realistic or unrealistic it doesn't really matter since not other
people would able to stop you on what you are thinking on what would be the price ahead. Sometimes reading up too much speculations on all sources will really be confusing
if you do took it seriously.

harizen

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Anyone can speculate. If he sees something and do analyzation about it, then just let him do that even how unrealistic it was to think by others.

People can buy any speculation depends on their own understandings. Technically, if I will contradict his speculation and showed my analyzation, overall we are just speculating in the end.

Believed on what you think is reasonable to believed. There are lots of news, articles, speculations that always circulates around crypto so be ready to handle it.

alex_gr_cc

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If the price of bitcoin drops below 5k, this will be a turning point. A large number of people will no longer believe in cryptocurrencies. There will be another wave of disappointment. Most likely, the market will enter a phase of a very protracted correction. And it will be difficult to change the trend to bullish, even with the help of good news.

mazdafunsun

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Why should anyone consider this approach- bearish trend starts only from crashing thru 200 day? This seems very weird.
If we started the bearish trend only then , then what was 20k to 10k ? Cheesy

kryptqnick

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Quote from: SoulRey on November 02, 2018, 05:05:27 PM

While many analysts and experts expect the inevitable explosive growth of cryptocurrencies, at least one person stands alone and does not rule out that the price of bitcoin will continue to decline. In his latest forecast CEO BitMEX Arthur Hayes mentions the mark of $ 2000-it is to this level, he suggests, may fall the first cryptocurrency.

Hayes believes that before the end of the bearish cycle is still very far – according to him, before the initiative goes to the bulls, the price of the cryptocurrency could potentially drop to $2000.
if volatility remains at the current low levels, the price will gradually decline.

I don't think he's the only one thinking about bitcoin's decline. However, even though he believes that btc could go down to 2k, he still argues that it will enter the bulling trend afterwards, so it's not as bad as the headline sounds. He's just an exchange CEO, not a prophet. And 'may go down' is not even a strong remark. A lot of things may happen but won't, so we have nothing to worry about. I really hope that the price will rise and stabilize around $18k in Q1-2 of 2019. I wouldn't mind if it doesn't grow more, but I lost quite some money on that drop and I would appreciate if I can get it back.
Bitcoin has not fallen below $5800 or so in a year, so I don't think we have strong reasons to believe that it will.

Wayan_Pedjeng

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There is a small chance of that happening. The prices have already dropped from $20,000 per coin to around $6,000 per coin, which represents a 60% drop. Another 60% drop can take the range to $2,000 to $3,000 per coin.

Impulseboy

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Quote from: Juggy777 on November 06, 2018, 06:34:00 AM

Quote from: dothebeats on November 06, 2018, 06:14:19 AM

And while you are afraid of buying little by little, these punks are taking advantage of the low prices for themselves. If a projected 75% from $9000 ranges was really a possibility, it could have happened earlier this year, right after the ATH blew off since everyone wanted to get out of the sinking ship. Also, we have tested several times the lower ebbs of $5000 but to no avail, only to end up stopping @ $5700 before the skid stopped and the buy backs went through. Most 'experts' think that the lowest point is $3000-$4000 in this cycle, but it's been months now and nothing is really happening.

I'll second this thought process while people are afraid of burning their hands, these guys are accumulating for the long run as they're anticipating a bull run. If you'll see right from the start of the year bitcoins never went down past 5k, and I don't see it ever going below that level, in fact now it's formed a new resistance between 6k to 6.3k which I feel if it maintains it can touch high levels soon.

I will third this. I think that this claim is like what people say that bitcoin price may go up to $20,000 next year. It is just too big a jump to say this now. Anyway, if the price of bitcoin drops to $2000 then people panic and start selling their coins, but we never know.

MainIbem

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I don't really care about the price, but the acceptance or otherwise of cryptocurrency is dependent on the stability. The market and majority are scared of the uncertainty so volatility is not the best yardstick to evaluate the acceptance.

awik p

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Pepemo.vip

Quote from: PETES on November 06, 2018, 06:47:23 AM

I can smell OP had just copied the whole thing and obviously trolling.

This kind of people doesn't deserve anything from us and just want to shake others hand. Likewise, everyone can make speculation without strong evidence and claim. With that, I can also claim that bitcoin will hit again with $20k before this year end.

according to my logic, if this year hits up to $ 20k again, i think it's a difficult thing. until now there has been no sign that BTC will rise. but maybe next year BTC can increase as we expect

PETES

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I can smell OP had just copied the whole thing and obviously trolling.

This kind of people doesn't deserve anything from us and just want to shake others hand. Likewise, everyone can make speculation without strong evidence and claim. With that, I can also claim that bitcoin will hit again with $20k before this year end.

Juggy777

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Quote from: dothebeats on November 06, 2018, 06:14:19 AM

And while you are afraid of buying little by little, these punks are taking advantage of the low prices for themselves. If a projected 75% from $9000 ranges was really a possibility, it could have happened earlier this year, right after the ATH blew off since everyone wanted to get out of the sinking ship. Also, we have tested several times the lower ebbs of $5000 but to no avail, only to end up stopping @ $5700 before the skid stopped and the buy backs went through. Most 'experts' think that the lowest point is $3000-$4000 in this cycle, but it's been months now and nothing is really happening.

I'll second this thought process while people are afraid of burning their hands, these guys are accumulating for the long run as they're anticipating a bull run. If you'll see right from the start of the year bitcoins never went down past 5k, and I don't see it ever going below that level, in fact now it's formed a new resistance between 6k to 6.3k which I feel if it maintains it can touch high levels soon.

dothebeats

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And while you are afraid of buying little by little, these punks are taking advantage of the low prices for themselves. If a projected 75% from $9000 ranges was really a possibility, it could have happened earlier this year, right after the ATH blew off since everyone wanted to get out of the sinking ship. Also, we have tested several times the lower ebbs of $5000 but to no avail, only to end up stopping @ $5700 before the skid stopped and the buy backs went through. Most 'experts' think that the lowest point is $3000-$4000 in this cycle, but it's been months now and nothing is really happening.

Akoldi_ibk

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I've come to understand that in crypto there will always be rise and fall in price — meaning I don't expect the market to be easily moved or bothered by this kind of prediction. Other experts have predicted far below $2k and heaven hasn't fall yet. So after the drop to $2000, what's next? $20k?

el kaka22

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Do not listen to the fools who keep on making these type of estimates without considering the fact that miners are making a huge amount of the volume right now and if you would like to sell your coins than you need to follow them and certainly buyers are not big enough to buy out all the miners sells and than some to drop it.

There are already sellers in this market, there are traders who both buy and sell and there are miners, in order to cover all of that plus probably doubling to make the price drop to 2000 dollars there needs to be a lot of volume into bitcoin that is only there to sell, I do not see that type of sellers getting anywhere so I am certainly sure the price will continue to stay at these levels unless the cost for bitcoin mining drops significantly and suddenly.

virendarnagpal

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Though nothing is impossible but still touching $2000 not looks practical. Because people do not seem ready to sell beyond current levels. They are just holding it. Speculators game pulling down the price already seems to be over.

Tomorrow some other analyst may forecast Bitcoin price touching $50 k in a year and give some arguments in his favor.

I guess the person just wants to spread negative sentiments.

bravehearth0319

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What a bold statement made by these experts. But, it's really hard to believe to this kind of statements whether they have basis or none. With the current situation, investors just want to stay positive but this news want to shift the mind set of investors to at least think twice when investing. But, remember almost all predictions for 2018 fails. Now, only time will tell.

Renaldi blackspadeteam

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It seems like this is FUD news, and I think beginner crypto traders will panic at this news and sell all assets in the market haha Lol, hmm ... anyway, everyone has their own predictions and opinions about asset prices on the market and I have thought only time who can answer this predictions is right or wrong

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