Topic: BTC Falling to mid 3K Will it go down more? - page 4. (Read 21348 times)
Maybe it will decrease lower than the 3000 dollars or it steady or stable to 3000 dollars plus. But if we want to see bitcoin price become more than that price we need to buy more bitcoin again to up the value.
If we are going to base the price movement on last years trend, after hitting the all time high last December 17, 2018 price started to go down. By end of January 2018 the price of Bitcoin is down by 47% (almost half) from $19,288 last December 17, 2018 to $10,067 on January 31, 2018. If that's going to happen today at current price of $3,257 USD, we might see $2,000 USD by end of January 2019, granting that we follow the trend last year.
All those predictions have no sense.
Bitcoin price is unpredictable, just accept it as it is.
All predictions are based on emotions.
Bitcoin price is unpredictable, just accept it as it is.
All predictions are based on emotions.
I wonder what the next ~10% difficulty drop will do with the price, because that means even lower production costs and probably a lower price. I hope that I'm wrong but can't take anything for granted here currently.
it probably won't do anything to the price. miners are shutting down in reaction to the price crashing, not the other way around. the hash rate has been going inverse to price all year as miners overspeculated---now we're finally hitting their pain points and seeing some capitulation.
i don't think the market cares about hash rate---most investors don't even understand what it means. it's only miners that care.
Yup miners follow price and not that price follows miners. 2012 bottom happened two weeks after difficulty started and then stopped decreasing. 2015 bottom happened at time when mining difficulty stopped going up. Period of difficulty decreasing was short in 2012. So if that repeats we might have bottom around new year or in January.
I wonder what the next ~10% difficulty drop will do with the price, because that means even lower production costs and probably a lower price. I hope that I'm wrong but can't take anything for granted here currently.
it probably won't do anything to the price. miners are shutting down in reaction to the price crashing, not the other way around. the hash rate has been going inverse to price all year as miners overspeculated---now we're finally hitting their pain points and seeing some capitulation.
i don't think the market cares about hash rate---most investors don't even understand what it means. it's only miners that care.
It's true that traders don't care much about hashrate, because if they did, shitcoins wouldn't be worth as much as they are worth now. It got to the point that double-spend attacks become much more common these days, and the market still doesn't care about hashrate enough. So, there's no point to worry about Bitcoin's "death spiral" or blaming miners for the price crash, like some people here do.
I wonder what the next ~10% difficulty drop will do with the price, because that means even lower production costs and probably a lower price. I hope that I'm wrong but can't take anything for granted here currently.
it probably won't do anything to the price. miners are shutting down in reaction to the price crashing, not the other way around. the hash rate has been going inverse to price all year as miners overspeculated---now we're finally hitting their pain points and seeing some capitulation.
i don't think the market cares about hash rate---most investors don't even understand what it means. it's only miners that care.
But I will really annoyed of this certain dumps up to 2k$ will come up since many people will be discouraged to stake with bitcoins
Seems like a perfect opportunity for the market to capitulate even further, because honestly speaking, the market shocked initially, but seems to have calmed down again, which I didn't expect this early on.I wonder what the next ~10% difficulty drop will do with the price, because that means even lower production costs and probably a lower price. I hope that I'm wrong but can't take anything for granted here currently.
Buy support is poor and there isn't much room left to the downside with how we're only a single dump away from potentially triggering stop loss orders placed just above or below the $3000 mark.
I think the bearmarket isnt done yet as we are fishing for a bottom.
But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range
Any thoughts?
Bearish market will might continue until the year end but I may think that it won't go deeper by $3k. Anyways, we still don't have assurance or indications that it will stop by then, but I'm still positive with that. But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range
Any thoughts?
That will be awful to see and certain perspective will came towards on this event. But I will really annoyed of this certain dumps up to 2k$ will come up since many people will be discouraged to stake with bitcoins, but who really knows on the faith since 2019 is little bit nearly to come maybe we can see some good upper trend movement by this year since many scared people may reset their mindset and stake again with bitcoins.
so just prepared for the worst scenario (bottoming) and best scenario (start of the bull run).
They both sound like best scenarios to me. I have already decided I won't be selling and so all there is to do now is wait. I want the bottom to come around as quickly as possible so that market recovery can begin.
I think the bearmarket isnt done yet as we are fishing for a bottom.
But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range
Any thoughts?
Bearish market will might continue until the year end but I may think that it won't go deeper by $3k. Anyways, we still don't have assurance or indications that it will stop by then, but I'm still positive with that. But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range
Any thoughts?
yeah since the time of the post its fallen to 3200 with small rebounds from there and back to 3300-3500 range today.
Lets see what happens in the coming next weeks . I feel it could go either way but the more down it goes now the more violent resistance it will meet and better chance of it giving a small relief bounce upwards.
Honeslty a relief is pending but if we continue to see heavy bear pressure like this 2500 could be not far away.
Lets see what happens in the coming next weeks . I feel it could go either way but the more down it goes now the more violent resistance it will meet and better chance of it giving a small relief bounce upwards.
Honeslty a relief is pending but if we continue to see heavy bear pressure like this 2500 could be not far away.
so just prepared for the worst scenario (bottoming) and best scenario (start of the bull run).
They both sound like best scenarios to me. I have already decided I won't be selling and so all there is to do now is wait. I want the bottom to come around as quickly as possible so that market recovery can begin.
Based on this posting bitcoin had fallen to $3400, surpassing mid $3000. There are plenty of days befre the year ends, with this many have speculated bitcoin to fall down as low as $2000. This is the sad truth of once a mighhty coin who stood out last year. We are hoping that next year will be a good year for all of us. I do hope that the market will all be green again.
We may be back to $250 which was the case in 2015 and I'll be fine with it as I haven't invested in BTC but ETH is falling despite being more stable than BTC which is affected my other coins as well.
I think you are quite a fool if you believe bitcoin could dump to $250 and these shitcoins you are into would be fine. If bitcoin drops off the edge of the cliff, I assure you every shitcoin will go down with it, and fall even harder.
I think the bearmarket isnt done yet as we are fishing for a bottom.
But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range
Any thoughts?
But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range
Any thoughts?
Well, I think the bitcoin price will still go down further and settled in somewhere around $2300 I guess. The market is still bearish and there is no strong momentum by the investors and as a result of that I think the market is going to drop more further.
Actually I didn't expect this to happen, but in my opinion the price of bitcoin will drop to $ 2500 by the end of this year. this year will be the worst year for bitcoin.
I thought it will recover from $3770 low but that support level has been broken and that is an indication that the market is really not doing very well currently. From the beginning of the year we have this bearish signal and the bearish market has run throughout the year, we hope that next year should be another bull run year so most of us can reduce loses.
That's true that's why we need a lot of patience to this kind of situation because we don't know what will happen in few days or maybe next year is a great time for bitcoin to move up again. 
some investors are looking into exploiting any dump towards $2700-$3000 as result of tax selling at the end of the year. Most times by January, there is always a slight correction in the space but I cant tell to what side the movement might be.
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Yes, I think we might reach $1500 by Christmas, and $700 by February.
It is very possible that the market will go sideway until the end of the year. There might be some fall but there will be recovery and correction. I guess BTC won't go as low as $1500 this Dec. and definitely not $700 on February since there is a possible catalyst for BTC to be bullish this January if it is not cancelled again.
I guide myself by reason, not by faith, and the market is irrational.
The market is definitely irrational, but it's not a surprise at all that when the price goes up people become overly bullish, and when the price dips they become overly bearish. In other words, people follow the flow of the market.Some guess based on nothing but hope and believe, others do it based on TA, an educated guess is what people call it, but it's still a guess. At the end of the day, the market doesn't bottom where you expect it to bottom.
You either dollar cost average your entry points whilst the price is going down, or you'll miss out on buying near the bottom because you keep expecting it to go lower. If Bakkt's futures are approved the market might see that as a reversal.
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