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Topic: Do you think that the price of bitcoin can come down to below? - page 2. (Read 420 times)

legendary
Activity: 1848
Merit: 1009
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Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market
The bitcoin price did already took a massive hit when the Price fell the first time when lockdown was announced amongst the biggest and powerful nations of the world and then it slowly recovered. So now if anything bad doesn't happen then I believe that the bitcoins price isn't going to crawl back to $3500 as you are asking and if the Corona pandemic continues to spread then it will be bad for us and also for the economy of the major countries of the world.
full member
Activity: 1638
Merit: 122
its verry possible  . it did dumped hard before alot of times  so why not on the future where more people are said to hop in and means more price hike due demand .

 price hike is the root of dump afaik because most people only come here to earn a profit so they wait for that moment to happen.  but im not wishing for the price to dumped guys so dont hate . peace  Grin
full member
Activity: 1484
Merit: 136
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There is no impossible into the world of the market especially to the bitcoin if we are taking a look the price of the bitcoin start not even in a single dollar but by the help and support of the people we can now make a lot and huge market income with this but it takes time. Recently we saw the market price of the bitcoin falls down rapidly into a 3k dollars market price in the range for over two to three months and also many people said it is because of the pandemic outbreak which is happening right now into our world but I think it is not related because the only thing getting affected is the fiat currencies.

Today the market price of the bitcoin reaches now over 10k dollars which is already a huge profit to us but if we mind on it it's because of the people support this coin. It is possible that the market price of the coin back into over 3k dollars? Yes, it is because it is volatile and we cannot deny it if the whales or the people who have a lot of investment into the bitcoin pull out rapidly their funds.
member
Activity: 868
Merit: 16
You may need to see this article that launched a few days ago https://cointelegraph.com/news/billionaire-paul-tudor-jones-buys-bitcoin-to-hedge-against-inflation

Pandemic has given a bad thing for all countries economic especially for those countries who has a lot of people who affected including US. If this situation still continue I believe there will be many countries who got inflanation. At that situation the people will keep their money in some asset like gold and some comodities. But that news has stated that the billionaire Paul Tudor will buy bitcoin when the inflanation come. This is why I didn't have a bad prediction for bitcoin price, it will go higher than now.
hero member
Activity: 1316
Merit: 546
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that possibility is justified. However, from my point the bitcoin will evaporate higher and more stable at prices above $ 10K going forward. because halving in 2020 this should be of more concern by some miners and of course I don't want the value to be lower. let's be witnesses in the history of bitcoin for a better future
sr. member
Activity: 1638
Merit: 300
Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market

Well, the price of bitcoin is quite unpredictable sometimes and it just doesn't stop to amaze us, it could go down that low but I don't think it would happen after the dump since we all know that it would obviously go up after the dump. Even though we are affected by the pandemic, I don't think it would affect the market that big especially bitcoin based on the price movements the past months.
hero member
Activity: 1204
Merit: 630
It has always been difficult to comment on such topics. Nobody knows exactly the direction of Bitcoin's price. As such, everyone can make predictions and write. The price moves differently compared to the previous halving processes. Nobody predicted the recent price increase. However, the price is in an upward trend. If 10,000 resistance breaks, the uptrend may continue.

Because this halving period interest in Bitcoin is very different from the previous ones. Thousands of Tweets about Twitter about halving are being taken every day. On some television channels we can see evaluations on halving. This time we may have a different course.
jr. member
Activity: 126
Merit: 8
Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market

Who is "groom Tamana"? Anyway, I think we have already seen in the past that anything can happen with BTC...nothing is impossible including going up fast (so fast that the world can be shocked because they never invested with BTC) or can badly go down (to the level that many holders are crying already). Now, will that happen again? Only time knows what can be. With the recent pandemic, one thing for sure that we have to understand that we are living in the real world and BTC is not something that is shielded from reality.
legendary
Activity: 2618
Merit: 1181
Do you think that the price of bitcoin can come down to below three and a half thousand dollars?
Not for at this time, maybe in the following years with assumption:
  • Halving is coming
  • High demand
  • The price has been pumped

Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic.
Relax, market law still applies to all types of markets and that includes the crypto market. You know, halving bitcoin will happen in the next few days and the price is now pumped because of the increasing number of requests in the market. Although a number of things including the pandemic can be attributed to unstable market conditions, in reality the price of bitcoin has increased despite the ongoing pandemic.

No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market
Even without a pandemic, the crypto market will not be stable and you also have to admit that crypto prices will continue to change over time and this is called fluctuation.



OP, if you want the stable crypto market then I dont think you will get it unless you keep your assets in a stable coin and I dont think it's something to say as an investment but its like saving money.
hero member
Activity: 1890
Merit: 831
See I do not think that the price of Bitcoins will go that down .
In simple words :- 50% of the Whole Bitcoins is being owned by whales and the fortunate section of the society , therefore if the price declines and people starts selling it off , then it won't go that below.
This was the mathematical reason .

Now practical :-
Apparently Bitcoins is something that has been providing people like us with some small jobs and people are able to buy and sell their services online at this time , which is helping a lot .

Therefore I do think people will continue to use it for years to come , it is a techno of the future and with time people will understand it.
sr. member
Activity: 1274
Merit: 260
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it's a volatile market mate, you should not be surprised if it goes up or down but what I can clearly say is that post having of bitcoin is always a dump. In this case, it's not yet post halving yet so my guess is that it is a manipulation from the market by whales to fill their bags with more bitcoins. Don't fall for this fear yet.
legendary
Activity: 3248
Merit: 1402
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Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market
These so-called 'experts' are just people who make predictions and for some reason believe their predictions are worth more than those of random people. Bitcoin is too volatile, its price is unpredictable. Will it go down to $3.5k? I guess it can, but I don't see why this would happen. Bitcoin is quite strong even though the pandemic is not over. And even the announcement of the lockdown did not push the price that low. Something very serious has to occur to trigger this event, way stronger than what the world has already been though. Or a series of events like when Bitcoin went that low the last time. I think it's unlikely.
legendary
Activity: 2912
Merit: 1068
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It's always possible that Bitcoin price goes down. Bitcoin is volatile and price goes both ways.
Currently the price is fluctuating and it looks like it might continue so for a while. In the upcoming period I don't expect to see some bigger price fall but not some bigger price rise either.
K4C
full member
Activity: 448
Merit: 103
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The price of Bitcoin must go below price 3500$ or 3000$. There is a record that the price of Bitcoin has dropped by 30% in one day.As its price goes down to 500$, it goes up to 100,000$ and nothing is unbelievable. On top of that, it is true that hitting below 3500$ or 3000$ due to a lot of supply does not seem to be possible so quickly or very easily.
newbie
Activity: 5
Merit: 0
but now people already understand the situation of the virus and know how to manage it,

We might see 2-3 years of recession, along with massive social unrest soon. I don't see the virus being our only issue.
hero member
Activity: 2716
Merit: 552
Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market

If you take a look at the price movement of Bitcoin, you can easily tell that the pandemic ain't a big hindrance for Bitcoin to continue rising. If Bitcoin falls again, that for sure not because of the pandemic, instead It surely an act of manipulation or another crypto event that triggers the price.
This ain't the stocks that was heavily affected by the pandemic, because stocks are obviously ran out of demand due to the pandemic, thus causing the market index to severely drop.
Cryptocurrency is different, If you thoroughly analyze, cryptocurrency isn't supposed to be affected by the health crisis, other than just people aren't able to buy more crypto because of the demand of priorities and basic necessities to survive the lockdown.
hero member
Activity: 2660
Merit: 630
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If everything is possible to happen but there are certain times that they are expected to happen. Now bitcoin has survived the top of covid-19 and people are beginning to invest again in bitcoin. Also looking at the halving, I'm not expecting that price will go down below #3,500.
sr. member
Activity: 1274
Merit: 278
Yes, it could be, bitcoin has it's a feature of being volatile so it is possible that bitcoin can still go down even though the bitcoin halving has started. There are still many possible things that might happen, but I think it won't go down so deep as before when the pandemic started, it reaches about $3900 and it won't be seen again so quickly but can still see.

Remember before the pandemic virus exists, we are thinking the bitcoin will only reach $6000, so we get shocked when it reaches $3900, so everything is possible
legendary
Activity: 2576
Merit: 1043
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As I always say "There is always a possibility for everything" especially in the crypto market.

Who knew that Bitcoin will go down from 8000 down to 4000 in less than 2-3 days I think IIRC? No one knew it was coming or maybe some events like the virus is the reason why it dumped that hard at that time. Bitcoin going down to 3500 is always possible but the chances of it is around 3-5% only for me. It didn't reached the 3500 but it went up to 4000 only. I just hope that there are some who accumulated more at that price and those who are still waiting for price of Bitcoin to reach 3500, you will feel too much regret and will say to yourself "I wish I just bought Bitcoin when it was 4000-4500" and maybe it will be the worst decision you've ever made in your whole life Smiley.
hero member
Activity: 2660
Merit: 551
Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market

It already did right? However, the market has bounce back already. For the market to go down to $3k levels, there should be like negative news, although. there is chance that the market will go down hard again if we see another 2nd wave of of corona virus cases. I would agree that the market will not be stable if this pandemic continues, not just bitcoin, but the rest of traditional markets. Everything is possible, 40%-50% crash, but we do hope that it won't happen.
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