Topic: BTC will be back in $1,000 ? - page 4. (Read 5718 times)

We can be sure whether the price will increase or decrease. Look at the current market then there is no movement at all. We can only wait, the nearest time is the 1st of August where at that time there will be an important decision.

No price will stay at 2400$ and after 2 3 weeks price start increasing and again reach 3000$ but i don't think so that price will drop from 2400$ t0 1000$, bitcoin will grow definitely by time.

volatile is only natural with the nature of BTC if OP is really worried about it, he/she could just save some BTC and never touch it until the price is very high to his/her expectation IMHO.

I only worried about BTC could rise to the maximum limit that I couldn't even buy a single fraction of it. nevertheless this is something we all should looking forward for.

Not a single rational argument has been presented in this thread. People are still hanging on to that optimism like never before. It is very evident that very few people have been tracking bitcoin long enough to realize that just because we hit an ATH and adoption increased greatly, does not mean it will never drop. For every single rally up to a new ATH the same cycle repeats. People are so overwhelmingly optimistic and shun anyone who is bearish, as they do in this thread.

For your information, even if we do drop to $1200, hell even $8-900, this does not mean much. It would just mean that bitcoin is doing what it has been doing the past 7 years where you have been able to trade it for money. Adoption is coming in waves and with each waves end comes a correction.

It is evident though that with each adoption cycle, less and less technically literate people hop on board. A good example is to see how people invest in ETH and ICOs, if you would force them to explain how both work, the vast majority would not be able to explain, because if they did theyd realize how bad it is.

I'm not saying this is the end for bitcoin. I'm saying that in all likelihood bitcoin will correct and there will be new highs later in time.

Check google trends for bitcoin. It is surely and steadily dropping since may 25th: https://trends.google.com/trends/explore?date=today%203-m&q=bitcoin

As this long lasting bubble loses its steam, volume drops, 2600 is the new normal, then 2500 is the new normal, then 2400 is the new normal... and eventually you have a bear market: https://bitcoincharts.com/charts/bitstampUSD#rg30zigHourlyzczsg2017-06-11zeg2017-07-02ztgSzm1g10zm2g25zv

that lasts until next bull market

Yes I am agree with you that its price will never be goes to below 1000$ , and my opinion is the price of bitcoin is that its price will goes afore to raise, and after then some difficulties due to its price will be goes to low , I think its will not goes to more minimize to 1000$ . Its decrease to 2000$ .

  This made my day, I thought it is an article or something informative but yeah it is very informative. As seeing the prices of bitcoin today I thought it will go back at $2,300 and it's already giving me some heartache but it's rallying on $2,400-$2,500. If this is going to be continuous happening, this will be a good thing and we'll never see $1,000 again.

Wow! This was a great piece of information that I read I appreciate your thorough and detailed study and writing about the events and the actual situations.

It was discussed once earlier in the forum as well about the problems of the bitcoin if they are not solved in time the bitcoin will always be in such a situation and the users as well will always be worried about it. We know that the  bitcoin have more potential that it can reach a skyrocket high price but without solving the problems it can never reach to a price where it deserves to be.

Simply put : No !

Like in : http://www.shouldisellmybitcoins.com/

You don't seem to understand the concept of value vs price at all. The reason for it to decline 60% is because there was no good reason for it to increase by that amount in the first place. People always overbuy assets, and bitcoin suffers from this problem significantly more than the vast majority of investments.

$1 seemed high when it WAS high... before bitcoin's value increased significantly by more vendors accepting it as a currency, improving legal status around the world, and gaining mainstream acceptance. The problem is that when bitcoin gets any minor good news that may increase its value by a small amount, bad investors freak out and buy like crazy, pushing the price up to ridiculous numbers that far exceed the increase in value from the good news. This happens with all assets, but significantly more so with bitcoin than others.

the correct answer is: under normal circumstances NO, it won't happen.
the normal circumstances means if there were no major scams, hacks, or other crap done by these exchanges.
it also means if there were no new massive scale drama about scaling like the BU fork that we saw earlier this year.

and even if the above happen, still breaking the $2000 is going to be a very hard task. remember that these round numbers are always going to be a very strong psychological barriers.

Anything is possible so a drop to $1000 is possible. It seem unlikely to drop that much but it wouldn't surprise me if the price dropped below $2000 and maybe as low as $1500.

Even if the price drops, I still think it will recover and go to new highs eventually. There is a lot of volatility with the bitcoin price right now.

Well I think it would not be back at $1,000 it would be a huge amount of decrease if it ever happens,
Maybe it could bounce back at $1,900 I think it would be the lowest price that it could get.

Yes ,fluctuation is normal even this drop of price we already experience it many times .
My own speculation it maybe go around only at $1500 but to go down at $1000 is a big downfall and it will create a big wave of panic selling at $1500 it is almost 50% drop of price and it is good .

at this point in the history of bitcoin, the price is only set by the investors and they have already proven that they do not care about the transaction fees which are around 1 to 3 dollars for them.
and in case you have missed it, all this drama and the big back log and the big fees is caused by a spam attack not a scaling issue which is believed to be coming from the miners themselves because they have the incentive. and with activation of SegWit this will go away for good.

no, there is no reason for bitcoin to go that far down. that would mean about -60% drop.
and if i have learnt one thing all these years is that this kind of big drop won't happen for no reason. specially it won't just because you feel price is high since high is just an abstract concept. $700 was high once. so was $20 and so was $1

Receiving payments in bitcoin without immediately converting to fiat means you are playing the bitcoin market. You are relying on the bitcoin market continuing to rise most of the time. It is one thing to run a business and a totally different thing to invest in bitcoin, but it sounds like you are trying to do both?

I think bitcoin will bottom out around $1200-$1500. I don't think it will go below $1,000 though.

Great comment! People forget things pretty fast, especially fast if you wave with some green in from of their eyes like you said. I'm far from expert, but your explanation about segwit and how its not the solution for problems touched me, when I think about it all this pint in that direction that this is just a first aid to calm down most of the people, while fees and blocksize will stay as a problem in the background.
For one month we will see segwit in action and many things will be clear after that, 1000$ seems like far away at the moment but with bitcoin price anything is possible.

Bitcoin price might fall back to $1000. I know we all are optimistic after the skyrocketing price in 2017. Strangly, i feel like i am the only one who remembers the fact that the community were discussing block size problem and possible hard-fork only a few months ago. I also remember the price fall the day Poloniex announced what position they would take in case of a hard-work.(https://poloniex.com/press-releases/2017.03.17-Hard-Fork/). Just like stock-market, green numbers seems to be making people forget all the bad memories.

I don´t mean to be pessimistic, but seg-wit gave Bitcoin some time to breath rather than solving its problems. Sooner or later we will end-up discussing ridiculous transaction fees and block size problems which will lead to hardfork rumors once again. Bitcoin reached an all-time high of $3,000 on June 12 and is oscilating arround $2,500 since then. While these numbers surprised the media and most Bitcoin investors, we early adopters knew that it is still nowhere near what Bitcoin can actually become. Does that mean Bitcoin can double, triple or even reach $10.000? No, i am not saying it can, i am saying it will. But, not before above problems are solved

Yeah I think so. But going too low like $1000 will never be happen. Btc already hit $3000+ so I think if there will be a downfall it will just only hit $2000. And nothing to be panic, its just as normal as our everyday lives.

Even returning to before, at least I am still profitable, and I think many people here just like me, we hold Bitcoins before the rise of price.  


But I want to ask, even if the price fell to $1000 again tomorrow, would you buy and hold?

I don't understand why people are panicking over the drop of bitcoins price lately, I mean bitcoins price has been fluctuating ever since though it will crawl back up in time. I had a couple of losses too lately because of the drop but I'm still holding on to the coins I have because I believe in time it will increase its value back again. Just keep your faith and HODL.