Irrational. Bitcoin could fall to $800 - page 3.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: figmentofmyass on March 05, 2019, 03:04:23 PM

Quote from: fabiorem on March 04, 2019, 12:38:40 PM

I dont think we will go to three-digits anymore.

Price is on this level for a longer time than it was on the 6000s.

price first bounced off $6k in february last year. we crashed to $3k in november. (9 months)

it hasn't even been 3 months yet since the last swing low.

Quote from: pooya87 on March 04, 2019, 11:43:31 PM

the thing about drops is that the lower we go, the bigger a drama/FUD we need. and there is no more FUD remaining that can have any kind of significant effect on the price.

here's one possible source: the CFTC and DOJ are actively investigating tether and bitfinex. imagine what happens to the price if the feds take down their sites and seize lots of their bank accounts. Lips sealed

It will not be that simple. I believe if the DOJ or the CFTC really had jurisdiction in Hong Kong, they would have shutdown Bitfinex by now.

fabiorem

sr. member

Activity: 1400

Merit: 347

Quote from: figmentofmyass on March 05, 2019, 03:04:23 PM

price first bounced off $6k in february last year. we crashed to $3k in november. (9 months)

it hasn't even been 3 months yet since the last swing low.

I was talking about a continuous price. It had plunged to 6k in February, but then it raised up back to 11k.

Continously, 6k starts in August, with a peak to 7k. The previous level would be 8-9k.

Right now, we didnt had any return to 6k. It has been 3k continuously since November, touching only 4k recently.

bitgov

sr. member

Activity: 1554

Merit: 260

Quote from: Wysi on March 05, 2019, 11:18:22 AM

Even I feel this will not happen most probably the big whales are spreading FUD's to buy coin for more cheaper price, few are busy expecting bull run in this forum and here is a scary news. I still believe it will not lose its reputation which might not go low below 3k.

For a long time, I think that the price of Bitcoin will not fall below $3k. If the whales wanted to lower the price more, they would not let that so much positive information appear on the market and would create a lot of negative information to make it easier to make panic sell again. $800 is impossible.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: fabiorem on March 04, 2019, 12:38:40 PM

I dont think we will go to three-digits anymore.

Price is on this level for a longer time than it was on the 6000s.

price first bounced off $6k in february last year. we crashed to $3k in november. (9 months)

it hasn't even been 3 months yet since the last swing low.

Quote from: pooya87 on March 04, 2019, 11:43:31 PM

the thing about drops is that the lower we go, the bigger a drama/FUD we need. and there is no more FUD remaining that can have any kind of significant effect on the price.

here's one possible source: the CFTC and DOJ are actively investigating tether and bitfinex. imagine what happens to the price if the feds take down their sites and seize lots of their bank accounts. Lips sealed

Wysi

sr. member

Activity: 1638

Merit: 261

Even I feel this will not happen most probably the big whales are spreading FUD's to buy coin for more cheaper price, few are busy expecting bull run in this forum and here is a scary news. I still believe it will not lose its reputation which might not go low below 3k.

Wilhelm

legendary

Activity: 1652

Merit: 1265

We are going sideways now. So the tide is changing.
There might be a few tests for lower prices but I doubt that we will go below $3000.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: bbc.reporter on March 03, 2019, 08:58:45 PM

The cryptospace appears to be beginning to spread bear market irrationality. According to this clickbait news, an up and coming analyst that hides behind its twitter account name Financial Survivalism, bitcoin could drop to $800 if it fails to surmount a declining trendline at $4600.

Bitcoin will not go under $1000 and most likely will not go under $2000 either. We are still waiting to go under $3000. Eventually it might happen that not even that will get delivered.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

I agree with OP. That Twitter account is being built up for a purpose. Yes I know, tinfoil hats on. Cool

But we have seen how some schemers in Bitcoin Land play the game, like Roger Ver, Faketoshi, and some people like Kevin Pham who pretend to be a commited Bitcoiner, gain thousands of followers, then turn around and support Bitcoin Cash SV as "the real Bitcoin". Hahaha.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: semobo on March 04, 2019, 02:16:08 PM

Quote from: fabiorem on March 04, 2019, 12:38:40 PM

I dont think we will go to three-digits anymore.
Price is on this level for a longer time than it was on the 6000s.

Then why the price came down from $6000 to $3300? We can't really say that it may happen if the people are taking their profits out from their holdings but hopefully we are not going that much far.

going from $6k down to $3k had nothing to do with "taking profit", it was purely based on manipulation and panic because of the bcash fork FUD attack and the market was ready at that point to either see a launch or a panic sell wave like this.
the thing about drops is that the lower we go, the bigger a drama/FUD we need. and there is no more FUD remaining that can have any kind of significant effect on the price.

Dreamchaser21

full member

Activity: 686

Merit: 108

Quote from: semobo on March 04, 2019, 02:16:08 PM

Quote from: fabiorem on March 04, 2019, 12:38:40 PM

I dont think we will go to three-digits anymore.

Price is on this level for a longer time than it was on the 6000s.

Then why the price came down from $6000 to $3300? We can't really say that it may happen if the people are taking their profits out from their holdings but hopefully we are not going that much far.

There is reason why is this happening, maybe whales are trying to dump the market again so they can buy a cheaper bitcoin because we all know that the next halving will begin next year and the price can be more expensive that can actually generate profit to them. I don't see a trend for bitcoin to go lower than $2k again. We will rise for sure, the bottom was hit already.

fasdorcas

hero member

Activity: 798

Merit: 527

I don't agree with your analysis, I don't see any chances of bitcoin dropping to even as low as $2000 in the nearest future, the initial drop was actually caused by the uptrend in 2017 which lead to over 1000% profit in bitcoin, so everyone who benefited began to take out profit since it was predicted by experts that the price might not go pass $20000 and it's advisable to take out profit.

The correction began in the market all through the year 2018 and it's now time to see a bull run.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Those technical analysis wouldn't work as far as BTC price is concerned Bitcoin does defies those TA in most cases without any doubt bitcoin can never fall to $800, so many predictions during last BTC ATH that it would hit $50K backed with TA by the so called expert traders however in the long run BTC defies their predictions and pullback to a bearish run which is presently experienced likewise this prediction wouldn't stand test of time.

Oceat

sr. member

Activity: 2506

Merit: 368

This post is total rubbish to me because of people who keep FOMOing and following the trend just to create a FUD to everyone. Where do you get this $800 anyway? So do you think Bitcoin would dive in straight at the bottom while you drew some lines like that? Do you remember that we have whales? So by the time a bullish trend start, they will eventually make the biggest changes in the market too.

exstasie

legendary

Activity: 1806

Merit: 1521

Bitcoin could fall to $800. Acknowledging that isn't irrational. There's even a decent bear case to be made.

But this dude didn't make a good case. His chart has no respect for historical support and resistance. There's no reasoning behind the scope of the drop......another 80% drop, in a month? Seriously? Based on what? Yes this is a bear market, but we might as well predict $100 or $10 then. There's no rhyme or reason to this analysis. He's just predicting a crash so huge it's unprecedented, and based on zero evidence.

Question123

sr. member

Activity: 1624

Merit: 267

Quote from: MakeMoneyBtc on March 04, 2019, 08:47:09 AM

There are dozens of predictions like this , some saying price will go to $50k other saying it will go under 1000$. So its better not to listen to anyone since everyone has different opinions and they are always going to come with arguments why price will go up or down doesnt matter if we are in bear or bull market.

It's them choice if they want to listen to their prediction or not. But make sure the prediction is near to the realy or realistic. I alsp a lot of prediction who predicting a huge price for the bitcoin which is not happen for sure in the future. There is someone who predicting $1M for the bitcoin but this prediction now which is $800 is possible to happen because for sure in the end they have chances in the future that price will really happen.

AjithBtc

sr. member

Activity: 1666

Merit: 276

Vave.com - Crypto Casino

Any form of change could happen with bitcoin, the price could fall low to $800. Why I say on a common man's view, because when the price was above $5000 it was predicted to be the low bottom and $5000 being a standard price for bitcoin. Things happened in the opposite way, and the same is the reason that bitcoin might go reach $800.

magneto

hero member

Activity: 1666

Merit: 753

Quote

The cryptospace appears to be beginning to spread bear market irrationality. According to this clickbait news, an up and coming analyst that hides behind its twitter account name Financial Survivalism, bitcoin could drop to $800 if it fails to surmount a declining trendline at $4600.

I reckon the people who controls that Twitter account should talk to the now rational Tom Lee for advice hehehe.

Also, this news might be a scam effort to gain more followers for that account which might also be controlled by newbtc.com. I might also be irrational in this, however hehehe.

In any case, who owns newsbtc?

I would say it's a typical analysis posted by a so called "expert" in bitcoin price speculation, in a bear market.

Who the person that is posting this is honestly irrelevant, but technical analysis can be manipulated in different ways to produce different predictions to support a person's narrative, and can even create the illusion of authority in predictions. And I think that this is what is happening in a lot of these media outlets covering bitcoin price movements.

I simply don't see bitcoin going down to three digits any time soon, the fundamentals of bitcoin has only changed for the better since the ATH in 2017, and there is no reason to panic so hard now just because the sentiment of the market is bearish. The demand (especially institutional) for bitcoin will likewise pick up drastically when prices do fall through $2-3k, which would suggest a sizeable rebound before prices ever get to that low.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: figmentofmyass on March 04, 2019, 03:10:54 PM

Quote from: bbc.reporter on March 03, 2019, 08:58:45 PM

The cryptospace appears to be beginning to spread bear market irrationality. According to this clickbait news, an up and coming analyst that hides behind its twitter account name Financial Survivalism, bitcoin could drop to $800 if it fails to surmount a declining trendline at $4600.

it looks like garbage analysis. he's extrapolating the magnitude based on a past move---no regard for supply/demand and S/R, just elementary fractal "analysis" that would be laughed out the room by any competent traders.

he did it based on linear scale too. what an idiot.

$800 is possible, but this guy's analysis is garbage. the only truism here is that we're still stuck in a downtrend and the most likely long term direction is down.

The analysis does not make sense, it seems an unfounded prediction, you have to do an analysis in which you consider almost all temporalities, it seems a bet. The technical analysis can help you a lot, but you have to take into account the values that are now according to the current events, you leave out many elements.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: bbc.reporter on March 03, 2019, 08:58:45 PM

The cryptospace appears to be beginning to spread bear market irrationality. According to this clickbait news, an up and coming analyst that hides behind its twitter account name Financial Survivalism, bitcoin could drop to $800 if it fails to surmount a declining trendline at $4600.

it looks like garbage analysis. he's extrapolating the magnitude based on a past move---no regard for supply/demand and S/R, just elementary fractal "analysis" that would be laughed out the room by any competent traders.

he did it based on linear scale too. what an idiot.

$800 is possible, but this guy's analysis is garbage. the only truism here is that we're still stuck in a downtrend and the most likely long term direction is down.

semobo

full member

Activity: 1498

Merit: 146

Quote from: fabiorem on March 04, 2019, 12:38:40 PM

I dont think we will go to three-digits anymore.

Price is on this level for a longer time than it was on the 6000s.

Then why the price came down from $6000 to $3300? We can't really say that it may happen if the people are taking their profits out from their holdings but hopefully we are not going that much far.

Topic: Irrational. Bitcoin could fall to $800 - page 3. (Read 849 times)