Topic: do you think bitcoin will go back to 6000? should i sell now? - page 7. (Read 1088 times)

Yeah I don't see anything good anytime soon, it will probably take many months.

Well, my analysis there:
https://bitcointalksearch.org/topic/now-vs-pre-december-2873358

The main thing to think of: -who- will buy BTC above 12k? You need new blood for that, veteran investors will not risk it. And the new blood, well the BTC just got its chance, blew it, it will take time for the confidence to return to the general public who is more than needed for the price to reach 20k again, I believe.

Perhaps one day many investors will come from the classic shares market to BTC, and well, -perhaps- now is the right time for those, but frankly I think the crypto world will need to be a lot more stable for that.
If BTC now takes a whole year to reach 12k, then yes I can imagine it continuing to grow (slowly). But do you see this happening? I believe that if BTC "only" goes up to 12k by the end of the year, many will have sold in-between, or have moved to ALTs.


While I knew BTC for a long time, I would never have risked putting my money in it. That, until a few months ago when it reached 3k$. By the time my bank transfer arrived to the exchange, it had already pumped to 4500. And you know what, I still bought. Because I was a newcomer, because I wanted to take my chance. I was the idiot, like the ones needed for prices to pump. Quick rise to 3k, then 4.5k, who already in the community would have bought? No one. Only newcomers do.
So that's the question, who will those newcomers be now. Perhaps those who are wise enough & didn't dare to buy at 20k, but if it does one more parabolic rise & dump again, it will be over for those too.
Gamblers will always be part of it, though. And well, crypto is a fun game afterall, and you still have less chances to be fucked than in a casino.

There's something people didn't understand. Traditional graphics doesn't work for bitcoin (usually). I think no one can know where it goes. There are just personal opinions. In my opinion bitcoin will hit 100k dollars someday in future. Of course it can drop to 5k even 3k. But I believe in bitcoin and blockchain technology. So I don't sell. I think the real question you have to ask yourself is "what's my opinion?"

I think so, because now almost everyone is still calm.
So I think it's going to fall further, but I suggest you don't sell bitcoin, because when it goes up, you probably won't buy it again.

Unfortunately, I see btc hitting 6k within the next couple weeks.
At least momentarily it will, then it will establish a new line in the mid 7k range, then another week, we will see it dip to the 5k range.

The issue with the price fall is that the market is there to short BTC hard.
Those who are shorting btc, especially since the futures market was opened up, are booking some serious profits.

Most in this game are day trading it. buying and selling making some good cash on the daily rise and fall.

You are right, bitcoin prices are hard to predict. It's not impossible if the price goes back to $ 6000, it could happen. Well, all we have to do is stay calm, do not panic. As you say, bitcoin is very effective for long-term infestation, so hold it and wait longer.
However, if you have more money when the bitcoin price goes back to $ 6000, it is a good time to buy.

I think it may go to 6000$ but who knows it also may increase. Bitcoin is an unstable crypto currency. So today it is falling but tomorrow it may rise again. So, I think you should wait. Don't worry. Be patient. But if you need argent money then you may take Bitcoin out. But what decision you take the gainer and the sufferern both will be you

Hopefully this bad condition will end in April or May 2018, and Bitcoin will recover in the range of $ 20,000.

And I will hold some BTC, and the rest I will sell for in the groom for everyday family needs

Next year is a little better, if you want to know what the market will do,

I have experienced 4 years ago, just like 4 years before 2021 ,.
2017 is equal to 2013 four years earlier.

The next price boom will return in 2021.
the more we will arrive at the end of 2021, the higher the price will come back.

hopefully..

In some days people will regret for not buying the Btc at this price as once it will start to rise we have seen how quickly in dec it can multiply and same thing can happen again . Also after China ban as well in some days only market started to rise again and same will happen now as well .

That's proof of bitcoin not being healthy. Good currency circulates well. Bitcoin not. Something went totally wrong with Satoshi idea.
So there should be bitcoin community tax put on hoarders otherwise bitcoin will not be good crypto. Like tax on land which is hoarded for speculation and not being used properly.
So if you have address and spend your bitcoins regularly you will have no community tax.
But if you do not spend from more tahn 1 year , your bitcoin value should be gradually  decreaed to give you incentive to spend your bitcoins and help bitcoin world community grow.
Fantastic!

Bitcoin market is very unpredictable. Nobody knows what direction it's going to go, so use your best judgment and make a decision. My opinion is that regardless of short term price, we're going to see a much higher price in long term.

Yes it is possible to go down to 6k or even more cause there the investors reacts to every bad news about bitcoin and it causes a big sell off.
It dependes how much you bought your bitcoin if you bought it higher than 10k i think you should consider cutting your loss.

I think we missed something. 😂😂
And you bought a cue ball for 19-20k?
👇👇

Bitcoin is a work in progress. While I agree that it's currently outdated, things are being done on that front to address that. The next upgrade comes in the form of the Lightning Network, which aims to be just as fast, if not even faster, than the current available options.


You can send 5 sats/byte transactions again, so I don't know what you're talking about. Blame your exchange if this is the case with you.


If you pay a substantial fee (which is much lower at the moment), I can guarantee you your transaction will be confirmed in one or two blocks. Bitcoin is either slow or expensive, but rarely both.


This could be true, but if we're using price as the basis, it doesn't hold water at the moment, and everything else is doing equally bad.

Man o man.
The bitcoins is healthy as ever.
There are 16 million mined allready.
Most bitcoins have never been spend.
Say 75% of the bitcoins have been made.
The last 5 million will be made the next 130 years.
These 75% were made in the last 8 years.
The last 25% will be made in the next 98% of the time needed to make the 21 million bitcoins.
When demands stay the same, their will be never the amount to keep up with demand, casing pirice rises.
With a 10.000 dollar 1 btc, we need to use the milibtc, to make the milibtc just 10 again.
The 10 milibtc will grow to 10.000 milibtc btc in 8 years again
of the 10.000 mili we make 10 microbtc, the MuBTC.
After 8 years the 10 MuBTC will be 10.000 MuBTC again.

The raelly had to come down.
This correction was predicted and expected
Like 4 year before.
History of the bitcoin will repeat itself.
Every 4 year you will see a really, followed by a drop.
Then a year hardly anything and a hardly better next.
Then a better third and a good fourth year, with a really towards the end of the 4 year cycles.
After the reward is cut in half again, we have a 4 more years of the same again.
Just like after the really from 2013, we saw the same really in 2017.
Just before the rewards are cut in half, we see the exponential price-rises.

We will see a drop, likely to under 5000 dollar.
Because we came from almost 20.000 dollar
Every four years, just before the end of the 4 year period when the reward is halved.
When btc went from 50 cent reward to 25 cent reward we had a really up to 1200 dollar.
We went back to well under 300 dollar so a quarter.
We had 20.000 dollar so we now go to a quarter again the 5000 dollar or even 4000 dollar.
It will be the whole year a slow year.
People will step out, creating more supply and a equal demand.
a steady line will be followed.
Next year is slightly better, 2019 will be as 2015 4 years ago.
If you like to know what the markets will do, look at 4 years ago.
The really is written in the code of the software.
The next price-explosion will be again in 2021.
The more we will come to the end of 2021, the higher the prices will be again.
The same as 4 years before 2021, so 2017. 2017 will be the same as 2013 four years before.

If things stay the same, demand and supply stay steady, we will see every 4 years a repetitition.


The bitcoin is likely to stay the same.
We enter now the same period of rest, we had seen in 2014.
2019 will be as 2015 not a whole lot better.
So will be as 2016 and 2021 will be as 2017 including a race at the end of the year, before rewards go from 12.5 to 6.25 btcent again

Absolutely agree, I have news that next months we can expect European countries to ban bitcoin and price will plummet to $1000.
I am telling you sell NOW when price is still good before it is too late or you will be crying.
You have been warned.

For your first question.
Anything is possible but in my chart $8,000 resistance area is being tested right now. If the bearish trend continues prices may go back around $4,000. Thats the next big support level and i will be surprised if bears successfully break that area.

For the second question.
What is your average price. If you got it like mine at around $3k then my strategy is just hold it even if it reached $4k i will not sell it. If you want to lock in your profits then do so, you can always buy again.

Probably BTC may go down to $,6,000.Selling BTC at this stage is not wise able however those who are in shortcut and would feel that their investment may lost could sell their BTC now,they will get low profit depend upon their buying.BTC needs wait and patience and those who hold for long time actually receive higher margin.This is a dip period running for BTC these days,so i would suggest to hold your BTC,it will go up and would come up at the expectations of its investors.Currently its in price correction phase and its being speculated that it will touch top level in 2018,so wait and monitor ups and down.

No i don't think bitcoin's price will goes down up to $6000 because we are in era of digital currencies and the king of digital currencies is the bitcoin, bitcoin also has many updating from the developer of team and community, bitcoin will apply lighting network. It is mean the problem of bitcoin will be fixed and the bitcoin's price is just fluctuation it will be rising again, remember the history will reveat again also bitcoin's price will be more expensive because its limited supply.

I see this bad condition will end in June or July 2018, meaning that the crypto world will be back to normal again at that time. so there is still the possibility of bitcoin prices going down to the point of $ 6000, even very likely going down to the point of $ 4500.
do not sell now, but better buy more or hold. So, there are only 2 options.