how low can it go - page 5. | Bitcointalksearch.org

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: fabiorem on May 27, 2018, 06:36:18 PM

Mining costs are around 13k and the price should be at this level for a recovery, but it is not. So we are in a multi-year bear market, and any price is possible. Myself I think we can go as low as 2-3k, even after having four bottoms at 6k, because there is the Cartel manipulation, and mining companies are probably using short contracts to cover their expenses and avoid bankruptcy.

Where'd you get that mining figure from? Seems awful high to me for the big dicks.

I could easily believe 2-3 grand is possible. There's not a great deal of appetite for the current prices. If we really not rally again until 2020 then that would confirm multiple repeating patterns. Seems a bit too neat to me but you never know.

magneto

hero member

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Quote from: huntingbtc5 on May 27, 2018, 10:03:25 AM

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

First of all, I don't expect any major rallies until probably July-August. I expect the market to be moving sideways near the $6-7k support zone, and there shouldn't be a lot of activity in the markets.

The bearish sentiment in the market is still extremely strong and I doubt that it would fade away any time soon. The rally in April was pretty much just temporary, and wasn't anything long-lasting. Resistance at $10k was proven too be too great, and that's when the correction happened and why we are here right now.

I really do think that bitcoin doesn't have a lot more room to fall by, before it bottoms. But still, I would say that realistically, there is a chance that prices can fall to as low as $4-5k per BTC before a recovery starts.

fabiorem

sr. member

Activity: 1400

Merit: 347

Well, May was the decisive month. It was agreed that if bitcoin would not recover in May, then we would be in a multi-year bear market, extending from 2017 to 2019, a copycat of 2013-2015.

And bitcoin did not recover. Mining costs are around 13k and the price should be at this level for a recovery, but it is not. So we are in a multi-year bear market, and any price is possible. Myself I think we can go as low as 2-3k, even after having four bottoms at 6k, because there is the Cartel manipulation, and mining companies are probably using short contracts to cover their expenses and avoid bankruptcy.

A good way to predict the price now, is to look at comparisons between 2013-2015 and now.

altcoinanalyst1

newbie

Activity: 70

Merit: 0

The price become very unpredictable nowadays, we cant tell exactly if price will fall or rise. Few days ago it went up to 9500 now its back to 7500, so its really hard to predict.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: huntingbtc5 on May 27, 2018, 10:03:25 AM

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

Do not worry too much about the short them variations in the price of bitcoin, are you a trader? Because if you are not then stop worrying about it, the price will recover at some point in the future, as with how low the price is going to go, we do not know when that is going to happen but we know it is going to happen at some point and when that happens you do not want to have fell victim of panic and sell your bitcoin as a result.

wiceTroc1ty

newbie

Activity: 5

Merit: 0

I don't really think anyone can tell you exactly how low or high it can go and when. Only speculations backed up by analyzing the market.

If you're in it for the gains there's an old saying:
Buy low, sell high.

huntingbtc5

newbie

Activity: 68

Merit: 0

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

Topic: how low can it go - page 5. (Read 680 times)