I believe BTC is going to trend down to $5,000 whats your thoughts - page 4.

Meraki

full member

Activity: 448

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Quote from: Gatorelf on March 26, 2018, 05:04:09 PM

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.

IMO too, bitcoin will not go down as low as to 5000$ or below, even though BTC is having a hard time to pump again it is not that weak to be dip that low. We all know that bitcoin has the potential to increase its price just wait for the right time. Even though the world adopts slowly to crypto at least we are still adopting to it.

kaisa

full member

Activity: 560

Merit: 145

It's funny and unique, when a lot of people are busy talking about bitcoin going down without any apparent reason. fundamentally important but technically just a formula.
many arguments speculate that bitcoin drops due to over-priced miner transactions and many investors use altcoin and many other reasons.
give me a reason if bitcoin goes down, then it will rise again?

friends1980

legendary

Activity: 1582

Merit: 1059

nutildah-III / NFT2021-04-01

Let's put it like this: who cares how low BTC price goes, if you hold. I mean, of course it's a lot more fun when prices boost up, but as long as you don't have to sell (f.i. because you need the money), its price is completely irrelevant.

That's exactly why you should never spend more than you can afford to lose : it makes you immune to crises like these.

caberum

jr. member

Activity: 77

Merit: 1

Quote from: oni4an on April 01, 2018, 03:37:05 PM

I believe that Bitcoin is in the future only in growth, there is no reason to fall below 5-6 thousand. Those who say that it will cost 2 thousand are not right and then will cry and regret that did not buy 5-6 thousand)

amateur

just because the price will fall doesn't mean that it will not rise again. That is what many ppl who are new here do not understand, they can only understand climbing prices, not falling.

it is like the waves of the oceans, night and day, hot and cold, summer and winter. This is the yin and yang of life. You have to learn how to go with the flow

people like you who only can comprehend climbing price would be terrible farmers. Because you will believe that it will be summer forever, and so you will fail to plan for the winter. This is what you ppl are doing when you assume bitcoin price can only go up

What goes up must come back down, and then up again, and then down, and then up again..... and then down... and then up again...

See what i did there? Wink

If your smart you will understand how this can be used to your advantage

bitcoin will fall to below $2k this year. then next year in 2019 it will reach its bottom price which might evn be sub $1k. In 2020 the block reward will be cut in half and the price will go sideways throughout the whole year. Then in 2021 the price will jump again by at least x10

we have seen this movie before

oni4an

sr. member

Activity: 658

Merit: 253

I believe that Bitcoin is in the future only in growth, there is no reason to fall below 5-6 thousand. Those who say that it will cost 2 thousand are not right and then will cry and regret that did not buy 5-6 thousand)

Gatorelf

sr. member

Activity: 845

Merit: 267

Quote from: hridoyb on April 01, 2018, 12:30:01 PM

I heard a news that bitcoin mining cost 4700$ per bitcoin so bitcoin down 5000$ below they stop bitcoin mining.So i think bitcoin price stable on 6000 or above and get any positive news it will be 10000$+.Nowadays most of the investor was disappointed who brought 19000$ per bitcoin.

Hate to say it but the downfall of BTC could wind up being proof of work cost

hridoyb

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Bitgesell (BGL) Decentralized Cryptocurrency!

I heard a news that bitcoin mining cost 4700$ per bitcoin so bitcoin down 5000$ below they stop bitcoin mining.So i think bitcoin price stable on 6000 or above and get any positive news it will be 10000$+.Nowadays most of the investor was disappointed who brought 19000$ per bitcoin.

Gatorelf

sr. member

Activity: 845

Merit: 267

Quote from: 2alt on April 01, 2018, 07:54:17 AM

Yes. Its going down. More than 5k. We are gonna hit 1-2k. Get your money into fiat asap. Even professional traders are recommending this.

Make sure you do understand all of the price manipulation going on. There are many upper hands involved right now. The market needs to basically bottom to near $0 and reset with proper rules and regulations.

actually I am a professional trader but I wont give advise just opinions and let people take it from there

Anti-Cen

member

Activity: 210

Merit: 26

High fees = low BTC price

The writing is already on the wall for BTC going down to $5000 and no one new that known anything
about BTC is going to gamble ... err....sorry... "Invest" after the miners put the fees up to $55 per transaction.

I jumped out at $18,000 that was only days after the fees peeked and have never looked back as people
here were "Buying on the dip-------stick" and won't be buying back in due to the lightning network being
nothing more than a system of mini-banks and can well see two more zero's having to come off the number
that the OP has picked.

Remember people, I have a track record and I bet it's better than yours so buck the trend if you think you can
but it's going down as we speak.

2alt

member

Activity: 74

Merit: 10

Quote from: Baofeng on April 01, 2018, 08:07:23 AM

Quote from: 2alt on April 01, 2018, 07:54:17 AM

Yes. Its going down. More than 5k. We are gonna hit 1-2k. Get your money into fiat asap. Even professional traders are recommending this.

Make sure you do understand all of the price manipulation going on. There are many upper hands involved right now. The market needs to basically bottom to near $0 and reset with proper rules and regulations.

I don't think that we are going to hit $1-$2K. Yes, we can get our coins to fiat and then what? Those professional traders that are recommending are those who wants to bottom so that they can get it a a discount. I mean if its $2K, do you think it can still bottom? There are a buy support levels at $4K-$5K so I can't see that it will go that low.

If you have listen to those so called professional traders than I'm sorry that they are all having a good chuckle because they have played you very well in believing that bitcoin can go that deep.

You are seeing those support levels on the books TODAY. Lets see 3 months from now.

And it takes more than a single person to manipulate the price. The manipulation is being done by very large organizations.

I can assure you I have been trading coins and stocks much longer than you man. And have enough experience to know when its time to get out of something. And it is time to get out, regardless of what anyone is saying. If you cannot look at BTC and see these last 60+ days have been horrendous, and you want to keep holding, by all means keep at it. I will ping you when it hits 5k, and then 4k, and then 3k, and then 2k. The interest will shift and by that time the crypto eco system will be much more heavily developed. We are only at the beginning.

People right now are just in the denial phase. When they accept reality and do a little research they will see that BTC right now would be suicide. Any large orders you see are hoping to catch a slight profit. But the support levels will slowly dwindle.

But nobody really knows. However, I can tell you 100 better places to put your money until this all passes and we see a good 30-60 of steady uptrend.

fulmetal08larz

full member

Activity: 476

Merit: 124

In my personal opinion, $5k price range for BTC is possible if the major support at $6k buy wall has been broken. I think institutional buyers are really attracted to that price level which will make BTC be adopted across the globe and skyrocket.

xk85jq

newbie

Activity: 112

Merit: 0

for me, It maybe, or it will be not.It depend upon the market flow as a small contributor in this type of business we must contribute either.
If it will be happened. Just wait and let the big fish play until price will back..

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: 2alt on April 01, 2018, 07:54:17 AM

Yes. Its going down. More than 5k. We are gonna hit 1-2k. Get your money into fiat asap. Even professional traders are recommending this.

Make sure you do understand all of the price manipulation going on. There are many upper hands involved right now. The market needs to basically bottom to near $0 and reset with proper rules and regulations.

I don't think that we are going to hit $1-$2K. Yes, we can get our coins to fiat and then what? Those professional traders that are recommending are those who wants to bottom so that they can get it a a discount. I mean if its $2K, do you think it can still bottom? There are a buy support levels at $4K-$5K so I can't see that it will go that low.

If you have listen to those so called professional traders than I'm sorry that they are all having a good chuckle because they have played you very well in believing that bitcoin can go that deep.

2alt

member

Activity: 74

Merit: 10

Yes. Its going down. More than 5k. We are gonna hit 1-2k. Get your money into fiat asap. Even professional traders are recommending this.

Make sure you do understand all of the price manipulation going on. There are many upper hands involved right now. The market needs to basically bottom to near $0 and reset with proper rules and regulations.

Gatorelf

sr. member

Activity: 845

Merit: 267

Quote from: whoisyourking on March 30, 2018, 07:38:56 PM

Quote from: Gatorelf on March 26, 2018, 05:04:09 PM

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.

Why are you scare if that will happen. That is the good time to buy more bitcoin if the price reached the 5k mark, slow addoptions and regulation about bitcoin has a huge impact to its value, the only thing we can do right now is to hold and believed in bitcoin.

Never said I was scared lol, I sold out of all crypto when BTC was 12's thus capturing profits. Bitcoin has dropped another $2k from $8,700 since I made this post just a week ago. I mentioned a psych level of 5k because that is the only thing I see that could slow this downtrend. If it doesn't hold $4,500 ( bounce off of) for more than a week there could be another collapse to $2,500 area from fear. Many used technical analysis thinking it was rebounding off of $8,500 well that was a big loss for them if they bought in proving once again TA is a load of crapp sucking in the hopelessly optimistic just like the stock market.

Like I stated previously the whole market wont be going up until there is a reason to go up ( a reason for big money to invest). I love crypto and believe in its future strongly but when the train is coming off the tracks I move on.

LuciferEveningStar

member

Activity: 322

Merit: 10

Quote from: Gatorelf on March 26, 2018, 05:04:09 PM

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.

Bitcoins will not go down to $5k dollar because there are still a lot of people who are keep on holding their coins more than selling it due to the price in the market that keeps on decreasing today so do not worry about the price that is decreasing because soon it will still recover.

whoisyourking

full member

Activity: 420

Merit: 106

Quote from: Gatorelf on March 26, 2018, 05:04:09 PM

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.

Why are you scare if that will happen. That is the good time to buy more bitcoin if the price reached the 5k mark, slow addoptions and regulation about bitcoin has a huge impact to its value, the only thing we can do right now is to hold and believed in bitcoin.

Gatorelf

sr. member

Activity: 845

Merit: 267

Quote from: caberum on March 29, 2018, 04:15:06 PM

How are you ppl enjoying todays price ?

https://bitcoinwisdom.com/markets/bitstamp/btcusd

Remember what I said, the price will fall to sub $2K by the end of the year

Only if Japan bails

LuvCyanide

member

Activity: 252

Merit: 11

Decentralized Digital Billboards

It's just a hunch. No technical analysis can't predict the rise and fall of Bitcoin. I don't think it's going to fall below 6,000 $, but that's my opinion.

Gabriellefull

newbie

Activity: 98

Merit: 0

Quote from: Gatorelf on March 26, 2018, 05:04:09 PM

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.

I don't think so. Now that the price of bitcoin has stopped falling, I think it will soon start to return to normal. We don't have to worry about bitcoin dying. Now that the entire encryption market is falling, what we can do is continue to wait.

Topic: I believe BTC is going to trend down to $5,000 whats your thoughts - page 4. (Read 939 times)