Can Bitcoin come down to $1500 again? - page 2.

marcbitcoins

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Quote from: timcheerful1 on December 09, 2017, 03:56:25 AM

Can Bitcoin come down to $1500 again?

Anything is possible and there are lot of ways to reach this drop. If a group of billionaires will conspire to sell all their bitcoins to make it fall and put to other coins, we called this pump and dump event. Also, if there is a world war III in which capable of destroying anything including species then bitcoin will become useless.

Drixy

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Quote from: timcheerful1 on December 09, 2017, 03:56:25 AM

Can Bitcoin come down to $1500 again?

Its impossible to go back at that stage it will only if some manipulations have been declared or planned and maybe some regulations have been implemented on some countries. But users or the quantity of users alone isnt enough to get bitcoin at that price.

Uno17

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I don’t think so it will go down again to $1500 there is a possibility always of going down but i guess it won’t go as far as $1500... it plays well in the market nowadays and i think it won’t die as other speculates it, in fact i believe it will continously go up to the moon and become very useful to a bigger population

aeternus

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Quote from: AK47- on December 09, 2017, 02:22:36 PM

Actually, this insane price appreciation has created a perception of bitcoin being a bubble. Bitcoin price is growing continuously from last three months with just a going a small or unnoticeable correction in between. We didn't see this type of consistent appreciation before, so a doubt of impending dump is justified.

In short term a drop will be there but won't be drastic and bitcoin will ultimately recover from that. But in long term we can see a huge crash in price if bitcoin touches a trillion dollars marketcap.

Correct, most of the previous bubbles happened in a very short time, but bitcoin has been going up in value for almost all year, this kind of sustained growth is kind of unheard of even for bitcoin but when you look at all the things it happened you see a picture of a coin that received some hits in the year but where most news were very positive and this was reflected in the price.

virtualkeybuyer

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Quote from: jackhdt on December 09, 2017, 02:16:19 PM

Quote from: timcheerful1 on December 09, 2017, 03:56:25 AM

Can Bitcoin come down to $1500 again?

really hard to happen. it just happens unless Bitcoin met a major incident such as Bitcoin banned in many countries. the price hikes are the things I don't like, rising fast but unstable. and now the price is being adjusted to it's orbit

No one will let that happen this only can happen in only one case that is to start if world war three and there is no chance of that, people are taking advantage of minute fall and if price came fall to 5k this will be the summer for the investor and they will buy as much as they can and will not let the price to go more down so everyone here will say no and there is only a 0.0001% chance of this to happen in future mate.

omorfi

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Technically possible. It depend on very extremely bad news about bitcoin and accordingly markets panic sell. A possible bad news about bitcoin safety can cause a dramatical fall. But its very low probability

samputin

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Quote from: timcheerful1 on December 09, 2017, 03:56:25 AM

Can Bitcoin come down to $1500 again?

NO, at this time the bitcoin price is so huge it is hard to come back again when the price is low.

We did not expect the huge price of bitcoin, it is so popular around the world and some countries already legalise and accepted the bitcoin. Days only now the bitcoin price pump and if this will dump it easily recover. The lucky person is who save a bitcoin when price is $1500, a big profit they get this time and possible in the future.

aeternus

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Quote from: timcheerful1 on December 09, 2017, 03:56:25 AM

Can Bitcoin come down to $1500 again?

You are asking for a 90% crash, it can happen, but you should not count on that, a crash like that happened with all the Mt Gox drama that happened some years ago, so you will need something that big to cause such a crash and I do not see anything that is so big that can cause such a a crash, especially when a lot of money is waiting in the sidelines to be invested in bitcoin in just a few days.

McKane

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IF PROBLEM WITH MY TRUST THEN BRING AN ESCROW.

The unit of bitcoin can reach to that level but bitcoin will never come down that value of once again. Because it was the past that people were thinking that now it's new era of bitcoin. Already many bitcoins are mined so people are mining. So it will be even goes more expensive but will never come down.

fabiorem

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You forgot one zero.

AK47-

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Actually, this insane price appreciation has created a perception of bitcoin being a bubble. Bitcoin price is growing continuously from last three months with just a going a small or unnoticeable correction in between. We didn't see this type of consistent appreciation before, so a doubt of impending dump is justified.

In short term a drop will be there but won't be drastic and bitcoin will ultimately recover from that. But in long term we can see a huge crash in price if bitcoin touches a trillion dollars marketcap.

alyssa85

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It has crashed by over 90% before. In 2011, the price went from $32 to $2 - a 93% crash - and a lot of people who bought at teh top were very upset. I believe there were some suicides because people had borrowed to buy, and then when it fell genuinely believed bitcoin was over.

So yes it can happen. And yes there is no guarantee that bitcoin will be the coin to win in the end, especially with the scaling issues (you can no longer buy stuff on Steam because of the fee issues for example).

jackhdt

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Quote from: timcheerful1 on December 09, 2017, 03:56:25 AM

Can Bitcoin come down to $1500 again?

really hard to happen. it just happens unless Bitcoin met a major incident such as Bitcoin banned in many countries. the price hikes are the things I don't like, rising fast but unstable. and now the price is being adjusted to it's orbit

Sir Paijoe

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Anything can happen, everybody does not believe the bitcoin price this year could reach $ 17k, but it never happened a few days ago, if someday bitcoin drop to $ 1500 then we should be prepared to prepare other things.

martin.k

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Quote from: timcheerful1 on December 09, 2017, 03:56:25 AM

Can Bitcoin come down to $1500 again?

Nothing is impossible. Bitcoin is extremely volatile and by some really negative new it might go as low as 1500$ again.

ToTheMoon$

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Quote from: timcheerful1 on December 09, 2017, 03:56:25 AM

Can Bitcoin come down to $1500 again?

I don't think so, is kinda impossible by its value right now we shouldn't expect the BTC price to come as down as 1500$, well
unless a massive selling come over by many holders I don't see it happening any time soon.
Probably we should expect the price to fall down to 10K again.

MadAndHoldersPattern

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If most people believe it can't then it probably will. That's why it's useful to read forums to get the grasp of market sentiment.

djsugar

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Many people here won't agree to this. But that can most likely be an outcome if bitcoin bubble pops up. Many people get ready for debate when the topic of "bubble" surfaces. But agree it or not, any investment asset(which bitcoin is most likely now) when grow without any intrinsic value, then that is a bubble. I read somewhere that if we add all the electricity and hardware cost that go behind bitcoin then it mcap should be roughly $2.1 B. Bitcoin price is only increasing because of limited supply and that alone can't sustain it's value. So, I expect a huge crash but not in near future. It will take time to burst.

dothebeats

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Cashback 15%

It is possible since there are no solid reason why the price overshoot this much in the past year. Even if it crashes, that wouldn't be too deep since there are many other people trying to get their fortunes off of bitcoin as well. Unlike 2013, this 'bubble' has too many participants on it, and the trading action isn't just orchestrated by a few whales and a bot from a single exchange; this is a worldwide market now and not just confined on just a single operating exchange. It will take millions of coins to bring the price down to $1500 but it is still possible in the world of crypto.

DaMut

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based on our current movement i do not think we will see it around that point again,
right now we're expecting a huge correction or a huge downrun movement but at best it will only around its average price.
what i mean is,at best bitcoin will down to around $5000++.
why at best it should be around that point ? because of the expenses that the miners need to pay whenever they're mining it.
also we must consider about the difficulty that keep increase from time to time.
if we're going down to that level,do you think the miners will keep mining it ?
of course not,and we need miners to solve the blocks.
in conclusion it's very very unlikely to see it goes down to that level because of that factors.
but bear it in your mind that everything is possible in cryptocurrency.

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