Topic: Can bitcoin drop to $3000? - page 8. (Read 2792 times)

No bitcoin wouldn't drop to 3000$ because it will continually increase. Bitcoin now is increasing up to 8000$ so I don't think so that it would drop to this lowest price. Just be positive always that bitcoin will continually increase.

Despite the fact that every thing is possible in crypto currency i don't believe that Bitcoin market value Will decline down to  $3000 before end of December this year. But rather it will continue to increase to maybe  $10,000 before end of December this year.

I am happy you already assumed it to be your imagination, because there are just some things we do wish for, but we know right in our minds that it is so impossible as the chances of getting them are extremely low.
If anyone is wishing for $3000, do you know the number of people on ground right now wishing someone could mistakenly dump theirs for just $5000. That is the fun and the reason why you should forget about $3000. If you see at $6000 right now, you should better grab it with speed.

Nope, it is impossible, it is more than 60% of the actual price, if we just see that pump it means that it happened because the market has been fluctuating a lot, and probably the bubble has crashed.
but no, it is not going to reach that price because it is impossible, if it happens then everybody would lost their faith on bitcoin, and of course that all of them will try to withdraw their bitcoins because they are scared about the situation, and it means that it will still drop more.
But no, it is not going to happen because we are still going up at the moment, and it is a not-stop situation.

has many positive news and China is not as influential as it was in the past. so we will not see $3000



" Waves of good news
However, Bitcoin Cash began rapidly dropping from its nearly vertical price ascent, miners came back to Bitcoin, and the transaction backlog subsided. Bitcoin’s price began to rise, and as good news arrived, the price moves became even larger.

What good news? Well, the British hedge fund Man Group, with over $100 bln in funds under management, announced they will begin trading Bitcoin once CME’s futures market is launched. Immediately following this, Payments app Square announced its full integration of Bitcoin into the payments platform. The company stated:

“We’re always listening to our customers and we’ve found that they are interested in using the Cash App to buy Bitcoin. We're exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash App customers. We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system and we're excited to learn more here.”

Square’s market capitalization swelled from $15 bln to $16 bln following the announcement, so Wall Street is apparently just as pleased as the Bitcoin community.

Coinbase Custody
Adding to the good news, Coinbase today announced Coinbase Custody, a Bitcoin storage service intended for hedge funds that might want to invest in the digital currency. Coinbase’s announcement states:

“Over 100 hedge funds have been created in the past year exclusively to trade digital currency. An even greater number of traditional institutional investors are starting to look at trading digital assets (including family offices, sovereign wealth funds, traditional hedge funds, and more). By some estimates there is $10B of institutional money waiting on the sidelines to invest in digital currency today. When we speak with these institutions, they tell us that the number one thing preventing them from getting started is the existence of a digital asset custodian that they can trust to store client funds securely.”

The announcement continues, describing the benefits of the service:

We are designing Coinbase Custody to meet the needs of institutional clients. In particular, we feel that institutional clients require:

Strict financial controls (multiple signers, audit trails, limits, etc)
Dedicated account representatives and phone support
SLAs on funds transfers
A regulated digital currency custodian
Multi-user accounts with separate permissions
Support for a wide range of digital assets and currencies
Insurance (in some cases)
And high levels of cyber and physical security
The new service is expected to launch in 2018. "

Goldman Sachs Predicts Bitcoin Price Consolidation Around $8,000 Before Continuing Up

Bitcoin Bulls Get More Bullish, Ronnie Moas Revises Bitcoin Price Prediction

you need a reason no matter it is about move up or crash to the lowest.

the next question are what could makes bitcoin drop to that price? lack of interest?low demands? it makes sense with that reason but again what makes people did not interested in bitcoin anymore? a mass ban? okay it might happened. but can you see all of that reason could come true so far? i don't think so , the market are bullish!

In the cryptomir everything is possible, you need to be prepared for any outcome of events, maybe $3000 and $20,000.

All is possibile in this strange crypto world
But i think that the price can't drop to 3000$ , as we can see the price is growing up again (almost 8000$)
Maybe in the next year... but i think that at the end of this year the price can reach 10.000$

I do not think it's likely to happen. because of the higher bitcoin demand. and in my opinion it will make bitcoin not go down too far, even though bitcoin price goes down, it will rise again and higher than previous price,

I do not think that's possible. because the bitcoin price is now at $ 7500, If it happens hardfork, I predict it will only drop $ 1000, then after that will rise again.
I like the bitcoin price at the moment, especially if I have bitcoin in my wallet.

If it enters a death spiral , it can go to ZERO.

I think that bitcoin can drop to a maximum of $ 5,000, but this is also unlikely. Most likely it will grow to 10,000 dollars.

Happened once couple months ago... so possibly could.

But the way it is growing currently, it may never go down.

That's the crypto market place anyway, you really can't predict too much into the future.

I am confused.But this time Bitcoin price is incresing.I think in December it will gose to $10000.So i think bitcoin can't drop to $3000.

Agreed and they will just low the price for opportunist to buy bitcoin and to maintain it in the market. Because if it goes down like that, many of the altcoin will be affected and many traders will trade their altcoin to bitcoin and it wont be really good because many bitcoin will come out from nothing.

A correction will come - support level may be 5k$, if that level breaks we might see 3k$ again, odds may be low for that to happen, but ill give it a solid 5-10% to happen withhin the upcoming months

Are you living under a rock? Did you see that the price has shoot up already? Go to bitcoin cash its not even reaching $3000 yet.

Bitcoin will not go to $3000 that price was hit already around August and I don't see anything that will influence the market to go down to $3000. So much money have been flowing in the market that every investors would go buy whatever the price of bitcoin is. Demands are increasing everyone wants to get a piece of the piece now. We are already targeting $10000 before the end of the year. So its unlikely to hit $3000.

I think it has a small possibility, because the demand for bitcoin increases steadily, and in my opinion it will make the bitcoin price not go down too far,

There is a ossibility that it may happen in the near future, we cannot predict what will happen. But for bitcoins unstable pump and dump now maybe it will reach that low amount or worst lower than $3000. Lets just hope it will never happen.

As per the price right now I think it would be hard to go back again at that price or value. Mind me mate bitcoin value will keep on increasing.