Can Bitcoin get to drop to $5,000 and below in 2018 - page 5.

Rooster101

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Quote from: justbfa on January 17, 2018, 09:19:00 AM

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

Last year, there are already predictions coming from the media and some bitcoin analysts that bitcoin might plummet to $5000 level this year and then rise again to $20k. Others refuted that forecasts and might drop to only $8k. One thng is sure for me. bitcoin will always undergo a correction because it is part of the cryptocurrency behavior because of their volatility.
Imposing regulations, aside from sweeping ban, is one of the effective weapons of every government to control the proliferations of cryptocurrencies in their country.
In the past, people power are launched to regain freedom in their country, i doubt if they can do the same to cryptocurrencies to counter any abusive regulations and manipulations around the world.

justbfa

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Quote from: DMiracle1 on January 26, 2018, 12:38:59 PM

Let's hope not. That is way too low but we all know that the future of bitcoin is anything but certain. Given the way Bitcoin’s price has skyrocketed over the past year, it is very difficult to figure out its essential value. Up, down, down, up. As what i have read in some article, "the dominant Bitcoin price prediction was that Bitcoin would reach the $14,000 mark by mid-2018". This is more interesting than the $5,000 mark, right.

That's very interesting
All things are possible.

DMiracle1

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Let's hope not. That is way too low but we all know that the future of bitcoin is anything but certain. Given the way Bitcoin’s price has skyrocketed over the past year, it is very difficult to figure out its essential value. Up, down, down, up. As what i have read in some article, "the dominant Bitcoin price prediction was that Bitcoin would reach the $14,000 mark by mid-2018". This is more interesting than the $5,000 mark, right.

gabmen

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Quote from: justbfa on January 23, 2018, 08:31:14 AM

Quote from: bitcad4u on January 23, 2018, 03:57:37 AM

Quote from: taeewo on January 23, 2018, 02:24:38 AM

Quote from: justbfa on January 17, 2018, 09:19:00 AM

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

Its possible in January as history do repeat itself in January for cryptocurrency when price of it use to drop drastically .....

Many government try to stop the growth of bitcoin by considering of their economy.They will have some fear that bitcoin replace their own currency.If it happen entire country economy will collapsed.Bitcoin price will not reach 5000$ in this January.

It's happened to Zimbabweans last year.

Obviously january is a bearish month. Its always been. Though i think 5k is a bit too low already and as we can see, bitcoin has strong support from 10k. If worse comes to worst, we probably will be seeing 8k but not lower. Too many people holding btc and government and media fuds won't be able to break that support

justbfa

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Quote from: bitcad4u on January 23, 2018, 03:57:37 AM

Quote from: taeewo on January 23, 2018, 02:24:38 AM

Quote from: justbfa on January 17, 2018, 09:19:00 AM

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

Its possible in January as history do repeat itself in January for cryptocurrency when price of it use to drop drastically .....

Many government try to stop the growth of bitcoin by considering of their economy.They will have some fear that bitcoin replace their own currency.If it happen entire country economy will collapsed.Bitcoin price will not reach 5000$ in this January.

It's happened to Zimbabweans last year.

bitcad4u

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Quote from: taeewo on January 23, 2018, 02:24:38 AM

Quote from: justbfa on January 17, 2018, 09:19:00 AM

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

Its possible in January as history do repeat itself in January for cryptocurrency when price of it use to drop drastically .....

Many government try to stop the growth of bitcoin by considering of their economy.They will have some fear that bitcoin replace their own currency.If it happen entire country economy will collapsed.Bitcoin price will not reach 5000$ in this January.

biletskiy

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Quote from: oriz345 on January 18, 2018, 10:04:12 PM

I definitely think btc can be sub $5,000 again, I don't know if this year or when, but I've said that when it was around $20,000. I don't base it off any speculation what bankers or the government would do, it's a combination of technicals as well as the fact there are so many better new coins out there today. Don't get me wrong, I still think long term bitcoin will do well as a store of value, but it will do gradually less well.

My bet for its lowest point is $9000. I suppose after the fall of the market of crypto currency, BTC will start going up and step by step it might reach even $25 thousand by the end of the year.

CryptoBaxing

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Not being a hypocrite but it is dropping

So we will see what happens, no one really knows at this moment.

taeewo

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Quote from: justbfa on January 17, 2018, 09:19:00 AM

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

Its possible in January as history do repeat itself in January for cryptocurrency when price of it use to drop drastically .....

KobeBriant 24

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Why are you all so super bearish right now? Just a month ago, you all were saying that bitcoin was a bless because the price increased towards $10,000.. And you you all are saying that it will drop?

Came one guys, you are the really meaning of being a hipocryte.

Blockfolioz

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When the price was staggering around $15000 people were speculating that the price won't go low to $10000. But everything went upside down in a very small time period. In this regard anything could happen with a decentralized asset, we can support for growth but the rest happens on its own.

justbfa

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Quote from: timerland on January 22, 2018, 04:36:52 AM

Quote from: MidKnight on January 22, 2018, 03:59:24 AM

With continuous articles getting released and spread about crackdowns on crypto, I think yes. This people who are against bitcoin are taking this opportunity when it is defenseless but even if it drop to $5k by their efforts, it will bounce back easily.

Actually, these articles have already done the maximum damage they could have done in my opinion. And that resulted in bitcoin barely reaching under $10k and when it did, people quickly bought their way back up to over $10k.

So for bitcoin to just drop to $5000 and below by these FUD articles, or regulations, i don't see it happening. Unless every single government in the orld decides to completely ban bitcoin, then bitcoin price will obviously crash.

But that's not going to happen, as we know. We're probably not over with the price hikes just yet. Remember we're still looking at $20k as a target here.

Can we say all these FUD is an organized speculation from late Whales adopter from Westerns and Asians.

Just thinking.

timerland

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Quote from: MidKnight on January 22, 2018, 03:59:24 AM

With continuous articles getting released and spread about crackdowns on crypto, I think yes. This people who are against bitcoin are taking this opportunity when it is defenseless but even if it drop to $5k by their efforts, it will bounce back easily.

Actually, these articles have already done the maximum damage they could have done in my opinion. And that resulted in bitcoin barely reaching under $10k and when it did, people quickly bought their way back up to over $10k.

So for bitcoin to just drop to $5000 and below by these FUD articles, or regulations, i don't see it happening. Unless every single government in the orld decides to completely ban bitcoin, then bitcoin price will obviously crash.

But that's not going to happen, as we know. We're probably not over with the price hikes just yet. Remember we're still looking at $20k as a target here.

MidKnight

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With continuous articles getting released and spread about crackdowns on crypto, I think yes. This people who are against bitcoin are taking this opportunity when it is defenseless but even if it drop to $5k by their efforts, it will bounce back easily.

Sir Cross

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Quote from: armansolis593 on January 18, 2018, 12:40:31 AM

Quote from: justbfa on January 17, 2018, 09:19:00 AM

The power of the government and their regulation

The government look at this way : bitcoin causes money laundering and scam to happen more frequently and tracking people or organization involve in such case is hard to pursue, banning and regulating bitcoin can prevent this thing to happen and they can protect their people from such events.

vs

Quote from: justbfa on January 17, 2018, 09:19:00 AM

The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

The people look at this way : The government always manipulate things, we want something that is decentralized to have more freedom, when it comes bitcoin, people who are aligned with bitcoin always say something negative about the government, nevertheless its always about the profit and with the regulation the profit will be lessen.

Even with these kind of views, the government regulations won't be enough to kill bitcoin. Yes, it has created some kind of impact back when South Korea and China has made some actions but as we can see, bitcoin is recovering. The great number of supporters for bitcoin has allowed it to remain at this certain price level and even with all the FUDs, it was resilient and able to recover. It's possible for the price to go down at $5000 but I don't think it will seeing this kind of support and recovery.

First77

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Quote from: justbfa on January 17, 2018, 09:19:00 AM

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

I agree 100%. the money will go to gold and silver when silver is $18/ounce

justbfa

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Quote from: Slow death on January 20, 2018, 08:52:47 AM

whenever prices fall we have to listen to things that I sometimes wonder why the hell some people are so pessimistic.

Quote from: justbfa on January 17, 2018, 09:19:00 AM

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

when the price was $5000 you saw how many people knew the existence of bitcoin and how many people bought bitcoin? neither the futures nor many analysts and banks cared about the existence of btcoin as it does today, whether governments are imposing rules is why these governments know that bitcoin is worth something and that in itself means a lot, these setbacks involving regulation will be overcome, the problems of high transaction fee and the delay in confirmations will also be resolved with time, more countries and more rich people are buying bitcoin and this is already very good and makes us believe that in the future the price will be very high.

Quote from: justbfa on January 17, 2018, 09:19:00 AM

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

the government has a great power, but can not forget that the government is composed of people and if bitcoin gives some advantage to these people of the government then bitcoin will be regulated by that government, this is all a game of interests

Quote from: samson on January 20, 2018, 09:34:30 AM

Quote from: Samarkand on January 18, 2018, 04:27:10 PM

Quote from: timerland on January 18, 2018, 04:15:29 PM

... That means that there is a lot of support at that level...

http://omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

Tether has issued 300M $ of USDT in the last 48 hours. This money
is used to prop up the cryptocurrency markets. I´d guess that without these
issuances the Bitcoin price would already trade much lower than 10000 $.
This was not genuine support at these levels, this was artificial liquidity
provided by Tether/Bitfinex.

Many people speculate that they were forced to inject more money, because an even
bigger plunge of the Bitcoin price would have caused a cascade of margin calls at Bitfinex.

So you're saying that instead of $100's of millions being paid into the system and used to buy Bitcoins you think the entire market is faked and completely fraudulent ?

If that is the case then it's not going to be worth $50, never mind $5,000

I quite agree with you.
Though It's possible for bitcoin to be regulated in "SOME COUNTRIES" not all countries.
But bitcoin will always win.

samson

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Quote from: Samarkand on January 18, 2018, 04:27:10 PM

Quote from: timerland on January 18, 2018, 04:15:29 PM

... That means that there is a lot of support at that level...

http://omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

Tether has issued 300M $ of USDT in the last 48 hours. This money
is used to prop up the cryptocurrency markets. I´d guess that without these
issuances the Bitcoin price would already trade much lower than 10000 $.
This was not genuine support at these levels, this was artificial liquidity
provided by Tether/Bitfinex.

Many people speculate that they were forced to inject more money, because an even
bigger plunge of the Bitcoin price would have caused a cascade of margin calls at Bitfinex.

So you're saying that instead of $100's of millions being paid into the system and used to buy Bitcoins you think the entire market is faked and completely fraudulent ?

If that is the case then it's not going to be worth $50, never mind $5,000

budz0425

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Quote from: di.ako.toh on January 20, 2018, 07:58:12 AM

I hope it wont happen, it is sad to hear and I think its impossible to drop till $5K. This past few days are very crucial to Bitcoins price which really drops until less than $10K. But, today it has recovered to be back to almost $14K in one day. Lets just hope and see that it
s price continue to rise up the soonest

I think that there is no real way to know bitcoin would be so far, but if we can look to understant why bitcoin went from about $20k to $12k in year 2018 only to come back down again and only to go up again. with that we can start to get a prediction of the future. So then, just keep doing what we are doing, enjoy trading bitcoin and alts but be careful and don't always ride the cryptocurrency market into the ground.

Slow death

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whenever prices fall we have to listen to things that I sometimes wonder why the hell some people are so pessimistic.

Quote from: justbfa on January 17, 2018, 09:19:00 AM

With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.

when the price was $5000 you saw how many people knew the existence of bitcoin and how many people bought bitcoin? neither the futures nor many analysts and banks cared about the existence of btcoin as it does today, whether governments are imposing rules is why these governments know that bitcoin is worth something and that in itself means a lot, these setbacks involving regulation will be overcome, the problems of high transaction fee and the delay in confirmations will also be resolved with time, more countries and more rich people are buying bitcoin and this is already very good and makes us believe that in the future the price will be very high.

Quote from: justbfa on January 17, 2018, 09:19:00 AM

Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

the government has a great power, but can not forget that the government is composed of people and if bitcoin gives some advantage to these people of the government then bitcoin will be regulated by that government, this is all a game of interests

Topic: Can Bitcoin get to drop to $5,000 and below in 2018 - page 5. (Read 13551 times)