Can Bitcoin get to drop to $5,000 and below in 2018 - page 7.

deyqunlay

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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

Anyone that ever thinks btc will still drop up to $5,000 must damn be a joker....the king has grown past that cage, won't even fit in again.

BitcoinPanther

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Quote from: justbfa on January 18, 2018, 04:44:39 PM

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

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

I don't think so. Government bans have little to do with p2p trading, and that is where the trend is shifting to. China banned exchanges, so what. Price wasn't that badly affected by it.

We've seen the price drop dramatically but the dumpers are not able to make price go through $10000. That means that there is a lot of support at that level, even though it seemed obvious that the price was going to drop below $10000 last time.

It's easy to forget that there is still room for bitcoin to continue climbing when it's going down on a daily basis. One year is a lot of time, and even if it does drop below $5000 per bitcoin, i think it'll recover back to $10k+ in no time.

Hmm... Great insight.
That's true, we still have a whole year.

Aside from that, there is an upcoming update to Bitcoin network that is scheduled this quarter if I am not mistaken. This update will definitely ends the bearish perios of bitcoin and will convert it to Bullish trend. the update will solve bitcoin scalibilit and at the same time the instant confimration of transaction due to offchain transaction. This can make bitcoin pass its ATH if implemented perfectly.

justbfa

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

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

I don't think so. Government bans have little to do with p2p trading, and that is where the trend is shifting to. China banned exchanges, so what. Price wasn't that badly affected by it.

We've seen the price drop dramatically but the dumpers are not able to make price go through $10000. That means that there is a lot of support at that level, even though it seemed obvious that the price was going to drop below $10000 last time.

It's easy to forget that there is still room for bitcoin to continue climbing when it's going down on a daily basis. One year is a lot of time, and even if it does drop below $5000 per bitcoin, i think it'll recover back to $10k+ in no time.

Hmm... Great insight.
That's true, we still have a whole year.

justbfa

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Quote from: BitcoinBallerina on January 18, 2018, 08:56:59 AM

It is very unlikely that Bitcoin will drop to $5000 in 2018.

Can you give any insight and reason bro?
I believe you have your fact...lol

Samarkand

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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.

timerland

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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

I don't think so. Government bans have little to do with p2p trading, and that is where the trend is shifting to. China banned exchanges, so what. Price wasn't that badly affected by it.

We've seen the price drop dramatically but the dumpers are not able to make price go through $10000. That means that there is a lot of support at that level, even though it seemed obvious that the price was going to drop below $10000 last time.

It's easy to forget that there is still room for bitcoin to continue climbing when it's going down on a daily basis. One year is a lot of time, and even if it does drop below $5000 per bitcoin, i think it'll recover back to $10k+ in no time.

Eugenar

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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

Probability of that thing to happen is always present. Bitcoin is volatile in nature so it is possible especially if its market value will continuously fall and hopefully it won't .But if ever backdrops will take place, we should make use of it and invest to Bitcoin bcause like what usually happens, its msrket value eventually increases after the declines. At this moment, Bitcoin's market value is now increasing and hopefully it will be continuous this time.

BitHodler

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Quote from: Capt00 on January 18, 2018, 03:58:10 PM

I don't think it just because of the government regulations, maybe it because there is a big whales trying to manipulate its price and looking for individuals that may sell their coins into cheap price and they buy for it.

That's always the case. People just don't want to understand that. Another factor is that they pay too much attention to what the mainstream media is saying about what is happening with crypto.

If we have to believe the mainstream media, and I'm sure a lot rookies do so, then they are panic selling because they think that governments are looking to ban every service that involves crypto.

If you don't have the ability to think further, and you are so narrow minded that you take that nonsense for granted, you'll sell like there is no tomorrow each time. I have no sympathy for these people that they lose out by selling.

Slark

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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

I've seen too many drops, declines and drama over years to give up now - it is always like that.
People are crying about the end of bitcoin and the very next month everything is back to normal.
I expect that the same pattern will repeat this time as well, this situation oddly resembles me the beginning of 2015.
At that time everyone was crying and selling because of some random FUD - good advice, don't panic guys.

Capt00

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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

Hope it no longer be fall again as many people will surely get worried of losing their money. I don't think it just because of the government regulations, maybe it because there is a big whales trying to manipulate its price and looking for individuals that may sell their coins into cheap price and they buy for it.

groundcontrol67

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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

Anything is possible in this life, I don't think it will happen but it's possible. It will take a big shut down from governments such as China or USA, or something to that effect. Crypto can survive most things but something such as an actual ban from one of those two countries could really damage it.

hackzang12

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It won't happen coz the major pump is near the dip happened when btc falls at 9k but after a while it goes up a little. The market is all green you should buy more and hold.

Kurokonobasuke

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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

Well we can't hide the truth that it is possibke since Bitcoin is volatike in nature . But I highly doubt that it will go that much. Backdrops are always expected and I hope Bitcoin's market value will not fallthat hard because it will be give Bitcoin a hardtime to recover. Hopefully, good things will come for Bitcoin this year. Just Hold and invest now.

justbfa

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Quote from: millensharon8 on January 18, 2018, 08:35:35 AM

$5000 would be a hard one to get to, but nothing is impossible. With bitcoin having a bad time scaling and a lot of investors gradually getting pissed off, I hope the support can hold. Although, we have a huge support at around $8000 - $10000, but is there no support that can be broken if there is really nothing to drive it forward? I expect the worst, but I understand the risk as well, so no need to panic.

You've said it all - nothing is impossible... But no panic.
We should always expect the best and the worst.
But I believe that bitcoin will always win in Crypto-sphere.

hynext

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Bitcoin can drop to $5000 and below because of it's votality with higher transaction fees. If bitcoin go back to normal like lower fees and fast transaction I might prices will going up again.

Dr.Osh

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can be. no one can not with bitcoin. we must realize that sometimes bitcoin prices also fall. but, there are some things that make it difficult. maybe the price is too low. but it could happen, because it is very difficult to estimate the price of bitcoin.

Ailmand

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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

Well, I know that bitcoin is falling right now. It's price have decreased for a substantial 36% this passed few weeks, and I am sure that many marketers and investors have been having sleepless nights because of it. I think, however, that many of them are underestimating bitcoin by saying that it would fall that low. Bitcoin has reached new heights in value since last year, and I think that when it penetrated the 10k dollars mark, it really solidified its potential as a cryptocurrency, and more people have been eyeing it since then.

Fazlurkhan.kz

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As the newcomers in bitcoin trading would easily get scared by the news they hear from their government which ultimately might reduce its demand resulting in its price drop and considering its slow payments and outrageous transaction fee people might avoid investing in it which will add to the reasons in its price drop.
There's a great possibility of bitcoin price to fall pretty low but it won't completely die as the big investors and strong believers will definitely hold bitcoin and support it. And that would be the time to invest in bitcoin and help it rise again which will make us profit too!

BitcoinBallerina

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It is very unlikely that Bitcoin will drop to $5000 in 2018.

millensharon8

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$5000 would be a hard one to get to, but nothing is impossible. With bitcoin having a bad time scaling and a lot of investors gradually getting pissed off, I hope the support can hold. Although, we have a huge support at around $8000 - $10000, but is there no support that can be broken if there is really nothing to drive it forward? I expect the worst, but I understand the risk as well, so no need to panic.

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