I believe BTC is going to trend down to $5,000 whats your thoughts - page 6.

dionisi

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Quote from: Gatorelf on March 26, 2018, 06:04:09 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.

Those alts are going to be shut down with time. Recently 82 coins were closed as no one showed interests in these. I think we will have only 102-20 coins finally and all of them will have some unique aspects. Bitcoin will still rule for next 10-20 years.

Gatorelf

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Quote from: hakertajniak on March 27, 2018, 10:43:20 PM

Quote from: Gatorelf on March 26, 2018, 06:04:09 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.

If your reason for bitcoin price is because altcoins competition, why altcoins price falling too ?
it should be only bitcoin price that falling. but it is still possible to occur that bitcoin will go to price around $6k.
just like last february 2018.

Because the market has become saturated with Alt cryptos taking 55% of the total market. If there were no Alts investors would be all in BTC which increases demand and price. The over all market is down because profit taking moved to other investments so overall demand is also down.

Haiduongbg

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If it breaks the support level 7200, and 6000, I'm sure we'll see 5,000$ again. The market is still bearish we cannot rule out that possibility. In this market, good traders will make a lot of money, holding is not a good strategy anymore. Someone say for sure that BTC will never below 5000$ is just fooling themselves like they said BTC will not below 10000$ when we're around 18000$

Iyeman

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Quote from: hakertajniak on March 27, 2018, 10:43:20 PM

Quote from: Gatorelf on March 26, 2018, 06:04:09 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.

If your reason for bitcoin price is because altcoins competition, why altcoins price falling too ?
it should be only bitcoin price that falling. but it is still possible to occur that bitcoin will go to price around $6k.
just like last february 2018.

Altcoins indirectly bond to btc mainly because the funding uses bitcoin and also Ethereum bond with bitcoin. There is no competition as the market cap for each coin always growing and not decreasing.
Actually speaking from my opinion, this bearish market will eventually ends, this bearish market seems huge becaue when we're on bullish market, the price increase so much that it's becoming too dangerous.

sollahp

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Quote from: crocozino on March 27, 2018, 11:51:35 PM

I'm afraid that if bitcoin will go down to 5000 a lot of general investors will go out of crypto and will loose their trust in it
the most bad thing in it - is loosing the trust. to gain it back, the market will require a lot of time and huge margins..

Given the volatility of cryptocurrency in general, is it worthwhile to try using options during trading? Particularly, the long straddle or long strangle would imo be ideal to profit during large increases and large decreases. Note that this way you wouldn't have to actually "own" the cryptocurrency.
I'm hoping for 1k! It goes down 1k a week it seems like so we got 6 more weeks to go! I'm holding what I have too and I'm super happy people are selling.

crocozino

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I'm afraid that if bitcoin will go down to 5000 a lot of general investors will go out of crypto and will loose their trust in it
the most bad thing in it - is loosing the trust. to gain it back, the market will require a lot of time and huge margins..

jayco25

full member

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The price of bitcoin drop because of so many issues that must need to be fixed. Many people are making FUD because they want to break bitcoin and many countries today do not want the crypto currency so the price of bitcoin is affected. But I believe that all of these can be overcome by bitcoin.

#Datarius

hakertajniak

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Quote from: Gatorelf on March 26, 2018, 06:04:09 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.

If your reason for bitcoin price is because altcoins competition, why altcoins price falling too ?
it should be only bitcoin price that falling. but it is still possible to occur that bitcoin will go to price around $6k.
just like last february 2018.

spadormie

sr. member

Activity: 840

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This is really expected for btc to go down. As expected, more fuds. Fuds here, fuds there. This is our life now. I don't really know why people wanted to dump btc all the way down. Don't they want btc to improve itself.

Kelvinid

sr. member

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when lambo...

Quote from: matanglawin on March 27, 2018, 04:54:16 PM

Quote from: Gatorelf on March 26, 2018, 06:04:09 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.

That really expected. Bitcoin's market value will surely fall even more but the thing here is that, we don't really need to worry about it. Don't mind the dumps and focus on investing into Bitcoin. I do believe that this will be a huge opportunity such that once the market price starts to recover, huge profit will be earned from investing at times like this whereas its market price is still low.

I still hope that bitcoin will still have higher chances to grow more in the next days.Bitcoin is a very volatile one so we cannot predict the definite time when will it pump or dump so much better if we focus on our investments than worrying on the market price dropdown.After all,we are looking forward for our profits to be gained so we should keep on moving.

justine11

member

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Well if this continues well indeed we might see 5k again but for now i think the support is still very hard on 7-8k at the moment despite all of the pressures not just the government and also, google , twitter and facebook by banning cryptocurrency ads on their respective platforms. Googld thing i already sold my bitcoin before this happen and i think holding is not recommended this time

jimbojones3000

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From what i have seen it's fairly hard to predict the markets.

Mostly due to outside influences or influences that can't be forseen - The china ban for example.

Tomorrow the US could ban it, the price will drop hard. No control, no way to tell the demand or acceptance from the market.

Gatorelf

sr. member

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Quote from: Harrisonimo on March 27, 2018, 02:59:55 PM

Quote from: Gatorelf on March 26, 2018, 06:04:09 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 can see the trend and seen that the price being sustained at this range is awaiting a major break in an upward trend or a lower trend. I fear for it to break out down further. There are really a lot of factors working against the Cryptocurrency rise at this periods but soon, there will be a balance too.

yes that is the problem, Futures were not friendly to BTC other than letting wall street know hey we are playing this thing. The good news is I believe eventually the good ole USA is going to surprise the rest of the world and accept cryptocurrency as a legal financial asset following Japans lead. If for nothing else they want their finger in the pie being able to generate tax revenue.

This would be the shot heard round the world part 2

matanglawin

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Quote from: Gatorelf on March 26, 2018, 06:04:09 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.

That really expected. Bitcoin's market value will surely fall even more but the thing here is that, we don't really need to worry about it. Don't mind the dumps and focus on investing into Bitcoin. I do believe that this will be a huge opportunity such that once the market price starts to recover, huge profit will be earned from investing at times like this whereas its market price is still low.

Hobo66

hero member

Activity: 1344

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It is hard to predict market of bitcoin rising,
maybe bitcoin go up allot in price value or
maybe the price will fall a bit lower than $5k.

BartS

sr. member

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Quote from: Gatorelf on March 26, 2018, 06:04:09 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.

That seems too low and the reason for that is if you think that bitcoin is going to settle around those prices then that means that at some point bitcoin will probably need to go close to a price of 3000 dollars at the lowest point of that dip and that seems incredible unlikely, I do not see bitcoin reaching that price because I think if that happened then everyone will invest all the money they have in bitcoin right away and it will shoot the price up once again so it seems the range in which bitcoin is trading right now is the range we are going to see for a long time.

felicita

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i dont think we will reach that low point back to 5000$
But if we reach back to such low prize its a good opinion to buy in again !

regards

marseille

hero member

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Anything is possible in current scenario as price is dropping now on daily basis and we haven't seen any growth in the price of bitcoin but that downfall would be temporary and we will see increase in the price in next few months so better to hold our existing coins and if you want to buy then you should wait for a while as there is full possibility that the price of bitcoins will go back to $5000 in coming days.

swissgang

full member

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Maybe but I believe dreams come true Cheesy

If it is the price in 2020 that only matters to you, Don't care about the dumps in 2018, you will be richer than today in the next years.

choccystar989

newbie

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Quote from: Gatorelf on March 26, 2018, 06:04:09 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 think it will too. Cryptos seem to be hit with bad news all the time.Long term I can see this going up so ill be investing more if it hits that level

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