Topic: Irrational. Bitcoin could fall to $800 (Read 849 times)

Every day comes with a good side of Bitcoin, in one way or the other, the benefit of BTC is being released to the system on a daily basis and these benefits should form the good news we have to continue to spread about BTC every day.

Sometimes, negative news can have bad effect on the growth of the system, and that is why I see some of the untrue news as being sponsored by people or government that doesn’t want the survival of the system, but we can still try our positive best to continue spreading good news about BTC.

Also, I think that whoever was to sell BTC has already done so. With every day is coming more positive information on the market which in my opinion means the end of the bear market and promises price increases.

You have to understand something very concrete, I will share it since it is one of the teachings that the books that I have read have left me: if the creators of the market, Strong Hands or Whales decide to take the bitcoin to 1 USD, they can do it, They have the money to do it, but why do not they do it? It is very easy, many people have built their castles in the air due to the emotion of bitcoin, and this produces money, and can not do away with the hen that lays the golden eggs.

From the point of view of any speculator, they know that this is possible, and that most speculators are interested in trying to win with the movements almost without taking into account the technology, many see it as a business. This analysis buries many paradigms of many people, but it is reality.

Now thinking rationally because all scenarios are possible, there is a certain inclination not to crash Bitcoin, because Bitcoin presents a structure according to Wyckoff's theory: Accumulation, Trend and Distribution, which moves away from any Bubble structure.

Many speculators already know that most people who invest in Bitcoin are generally any type of people with or without experience in the market, this makes speculators follow their market strategies, perhaps, that is why we see in these times a very long accumulation phase.

At some point, the bitcoin will rise  and enrich many, it is for this reason that any event that occurs in the market is not at all crazy or irrational, if we take into account the high volatility.

If there was a long term bet going on whether it would reach $800 or $800k in the next ten years i would put my money on the latter. There is too much demand now, especially in the south american areas, bitcoin has bottomed so the only way is up

Could....
I could get my dick sucked on a daily basis...
Bitcoin could of been a scam as everyone said, btc will never hit 1k again btc is dying ponzi... I bet a ball btc is not reaching 800.
Why would you fud.

Bitcoin can fall if always negative things come repeatedly, this is indeed very sad, this long decline makes a lot of speculation to feel lost and must survive to get the good will come. We survive for better development and positive news will come to give a reasonable increase.

It is not really that different than what happened during the bull market, when the market was going up and we were close to the top there were people predicting 50k or even 100k to be reached during 2018, and we know how that ended, so we are seeing the same thing happening again, and about your last question investors and traders are completely obsessed with the moment of getting into the market as if that was all what was necessary to make profits but anyone with experience in the markets knows that your entry is not really that important.

There is always possibility for price to fall down but usually there are some reasons behind that. From this prediction for price to go as low as 800$ I see only guessing but not some ground or explanations. And even if we accept the theory that price will dump so much this will not happen over night. Some serious signs or continuous fall would have happened before that. So I don't think such huge downfall will happen.

The price could fall that low if there is some form of decrease in the usage around the globe. Regularly the usage and adoption keeps growing. This assures with the growth rather than fall in value. The market is drastically fallen, but if it was to reach $800, we could have touched by the days when bitcoin showed signs of continued fall. Now the market has gained resistance and the same is making it progress forward reaching $6000 at the earliest as most users predicted.

It's all guesswork, true. Just there are "hard incidents" taking place this year, just take a look at great brittain. There will be a hard "Brexit" and people *will* have to struggle making payments across new borders. And it's good advise to flee the Pound into Bitcoin right now.
Some two weeks still left to accomplish that.

Then whats next? Bitcoin would be back to under $100 ,
Anything is possible but don't you think that $800 is so low even if we compare it to the current price ?
It is really hard to see how could it drop down to $800 .
If I am not wrong when Bitcoin already hit about $1,500 it never get back down below $1,000 .
What else now that it is around $3,800.

I don't believe such as predictions about bitcoin price. We can see on last year, someone predict 10K,  someone 3K and many more. So eventually someone's predictions will correct. Because everyone give different predictions. So usually price will match with someone. But true is bitcoin walking on own way. Strong support on paste year was $3K. In my opinions it was bear market. So I don't think personally bitcoin will break $3K zone. If break then strong support will be $1.5K. So I will not believe bitcoin will hit $800 anymore.

That will probably change in an instant. Speculations aare circulating to create FOMO and FUD making investors to panic sell their coins. Whales can easily change the market flow. If that's gonna happen, many investors will turn down and leave cryptocurrency.

Its impossible mate and it sounds like you saying as well that soon bitcoin will die soon or later such FUD's. Lol do you read some news? Or you are just making your a prediction own your own  which is fake just to intimidate buyers not to buy because you still want to see another dump because you cant afford the current price of bitcoin?. Well it's sad mate because unfortunately it will pump now to new stage.  Lol

Although, are some exchanges easier to shutdown than others? BTC-e's shutdown was quick and easy, but Bitfinex was always rumored to be shutdown, its bank accounts closed by its banking partners, it was also hacked with millions stolen, and it was "broke" and forced to issue its own tokens.

Bitfinex is still standing.

Predicting for the value of the bitcoin at $800 is not good because maybe other will panic selling that cause again dumping. Predicting is free and everyone can predict what is the possible price for the bitcoin. But $800 is really low and I hope it will not happen this year but for sure and 100 percent in the future that will happen but not today. I hope maybe we can predict $8000 not $800.

i'm pretty sure it doesn't matter where their headquarters are (or used to be), or where their registration is (the british virgin islands). what matters is where their bank accounts are. how the USA usually operates is to seize bank accounts and force payment processors to freeze funds. that's how they destroy offshore businesses. bitfinex and tether are wiring USD to customers, so they are obviously exposed to this seizure risk. their .com domains can also easily be seized.

I believe not everywhere, especially not in China's jurisdiction, which includes Hong Kong. Plus not with Donald Trump's trade-war going on against China.

I believe Bitfnex would have been one of the first exchanges to shutdown by the US if they knew China would cooperate.

good for you because you are already immune and strong  but what about us ?  we are scared of anything that could happen to bitcoin , how much more if its value drop down to 800 usd ? i dont know what to do , maybe i will panic instantly but not to the point of selling my coins .  rather ill panic buy because 800 usd is a one good oppurtunity that strikes rarely  .  the ones that will panic sell are totally out of thier minds  .

The US has jurisdiction wherever they say they do. It's funny because even though Bitfinex prohibited US customers, the launch of CFTC-regulated futures markets put any company dealing in the spot markets under their perceived jurisdiction. That's why the CFTC launched the investigation around the time the Cboe and CME markets were launched.

Who would have thought they could take down BTC-e or the offshore darknet marketplaces and things like that? They do that kind of stuff all the time. I'll bet the reason they haven't come closed in on Bitfinex yet is the complicated web of shell companies and banks that Bitfinex uses. Like Giancarlo the CFO said once, they bank like criminals. I wouldn't plan on this situation continuing indefinitely. It's a time bomb waiting to go off.