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Topic: Once we hit $1000, how far will BTC drop? (Read 7392 times)

newbie
Activity: 32
Merit: 0
March 04, 2017, 06:07:36 AM
There is no such falling range with bitcoin, everytime depending upon the market movement around the world as well upon the countries holding higher bitcoin users the variation will be experienced. This time too big increase was felt and due to some exchange service issue in China the price fell to greater level than expected.

I think it depends more on the actual usage of the bitcoin. That is the reason I use some bitcoins.
newbie
Activity: 61
Merit: 0
February 22, 2017, 08:43:24 AM
There is no such falling range with bitcoin, everytime depending upon the market movement around the world as well upon the countries holding higher bitcoin users the variation will be experienced. This time too big increase was felt and due to some exchange service issue in China the price fell to greater level than expected.

That is right. It depends on the actual usage.
legendary
Activity: 3234
Merit: 1214
DGbet.fun - Crypto Sportsbook
January 15, 2017, 04:51:23 AM
There is no such falling range with bitcoin, everytime depending upon the market movement around the world as well upon the countries holding higher bitcoin users the variation will be experienced. This time too big increase was felt and due to some exchange service issue in China the price fell to greater level than expected.
legendary
Activity: 3276
Merit: 2442
January 15, 2017, 04:33:40 AM
Don't kid yourself it can hit anywhere from now on. We saw the all time high since 2013 and many profit sales have been made. Those guys who waited all those time who bought from 1000$+ also probably dumped their position. Since waiting for 3+ years just to being able to get out break even ain't fun. We may not see 200's again but 400's is possible to me. 500 is more than possible. Now everybody knows if bitcoin goes as low as 200$, it means free money. Because sooner or later it will jump back to 1000$ again. That goes same for the 500 and 400 and 300 and so on. I think i would jump on the train if it ever hits to 500's again but not with all my wealth. If we ever see 400's? I'll double the investment amount.
legendary
Activity: 1232
Merit: 1091
January 14, 2017, 04:30:22 PM
To my mind it won't come under 650$, I think this time it's price won't be so changable like it was this summer after bitfinex hack. Also now there are many factors to think like that, mining won't be profitable with low prices which automatically means price rise because more and more people are interested in bitcoin and many famouse companies like starbucks and etc are adding bitcoin as a new payment system, so while number or bitcoin customers are growing, it means more use of bitcoin, if there aren't so many bitcoins, this means price rise up.

Don't take for granted that we'll not see the price dive below the $700-$600 levels. Mainly because of the fact that the manipulators have this market under control. If you look at how easy people panic sell at very weak and misunderstood news articles, then how will it be when a major Chinese exchange gets hacked? Oh wait.... Everything comes from these Chinese exchanges and the people they supply with insider information....
legendary
Activity: 1848
Merit: 1001
January 14, 2017, 02:05:00 PM
summer is coming
hero member
Activity: 1456
Merit: 624
Maintain Social Distance, Stay safe.
January 14, 2017, 01:26:34 PM
To my mind it won't come under 650$, I think this time it's price won't be so changable like it was this summer after bitfinex hack. Also now there are many factors to think like that, mining won't be profitable with low prices which automatically means price rise because more and more people are interested in bitcoin and many famouse companies like starbucks and etc are adding bitcoin as a new payment system, so while number or bitcoin customers are growing, it means more use of bitcoin, if there aren't so many bitcoins, this means price rise up.
Same here its impossible that the price will touch again to $650. i believe that the price can stay in 800 level and will increase this coming april or may.. this is just my own speculation and i think the price can stay long more in 800 level.
We are seen that the price was decrease right i think it is just because of panic sell just like old happen before..
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
January 14, 2017, 12:53:49 PM
To my mind it won't come under 650$, I think this time it's price won't be so changable like it was this summer after bitfinex hack. Also now there are many factors to think like that, mining won't be profitable with low prices which automatically means price rise because more and more people are interested in bitcoin and many famouse companies like starbucks and etc are adding bitcoin as a new payment system, so while number or bitcoin customers are growing, it means more use of bitcoin, if there aren't so many bitcoins, this means price rise up.
newbie
Activity: 19
Merit: 0
January 12, 2017, 09:18:31 PM
Hard to say but I think that it will not drop a lot, just a little bit again, its not that it cannot be stable on 1000 dollar, this time it just was a pump and dump from China..

This is just a little time period, its now low but it will soon or later start rising again to a higher amount and than will be stable!
member
Activity: 87
Merit: 10
January 12, 2017, 04:26:02 PM
Hard to say but I think that it will not drop a lot, just a little bit again, its not that it cannot be stable on 1000 dollar, this time it just was a pump and dump from China..
hero member
Activity: 588
Merit: 500
January 12, 2017, 08:23:37 AM
It is really important question, and now bitcoin has been crossed $1000 and also start to drop down, now it is proof that bitcoin has been reached at $773. Its mean bitcoin continuously going to back, and in my view, might be possible bitcoin would be come at $600 to $500, if this price continuously come down. But it is only my speculation, may be in future, suddenly bitcoin give us some good news more.  
legendary
Activity: 1288
Merit: 1000
January 12, 2017, 08:22:37 AM
So we can now thank Chinese for centralized mining farms and intense price roller-coaster from time to time.
What is more surprising for me is that Chinese investors are so scared of Forex management and AML policies being checked out by central bank, that they liquidating their holdings.

What are they really afraid of?
hero member
Activity: 1918
Merit: 564
January 12, 2017, 08:17:19 AM
So it would appear $750 was the answer. I sense $700 isn't too far away though, before the bounce back up towards $850/900.

The question is: after $1000, just how far do you think BTC will drop back? Could we see the days of $500 from August again, or are we stable above $800-900?

It seems it is, so far.  I am looking at bitstamp and seems there is not much of resistance going to $800.  But well of course buyers wants to buy at the cheapest.  Aside from that if whales decided to crash the market further, they can make it down to sub $700.  Let us wait for a bit, depend on what comes next in the press, will decide the next movement of bitcoin.
newbie
Activity: 9
Merit: 0
January 12, 2017, 08:00:10 AM
So it would appear $750 was the answer. I sense $700 isn't too far away though, before the bounce back up towards $850/900.

The question is: after $1000, just how far do you think BTC will drop back? Could we see the days of $500 from August again, or are we stable above $800-900?
legendary
Activity: 1022
Merit: 1000
Blocklancer - Freelance on the Blockchain
January 11, 2017, 04:09:32 PM
Beyond the technical aspect of the bitcoin price analysis, we should also take into account the various problems  that the bitcoin ecosystem is currently facing before making our predictions regarding the potential drop of bitcoin, which, if not resolved, could lead to this economic project to failure, and that would obviously mean a gradual collapse of such a magnitude that we can not yet predict.

These problems were present even before we hit $1200. The market sometimes just tends to shrug them off, thinking that given time these problems will be taken care of. Markets may not always think logically.

Yes and now the price is around 890$ and I am a bit upset and I always thought that the price would go in up direction only. Anyways hoping the price soon reaches 1000$ at least Smiley

and that's what makes you upset, you've been expecting that the price value of bitcoin will only go higher and it seems you didn't think about the other thing that could be possible to happen especially the price these past few days this is what we call risks because we don't even know what will happen after a while . well all of us are hoping that sometime soon bitcoin will hit $1000 again .

Strong resistance is on 800 price in this ups and downs won'tgo bbelow this. And we will definitely see price over 1000 again this month.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
January 08, 2017, 07:58:00 AM
Beyond the technical aspect of the bitcoin price analysis, we should also take into account the various problems  that the bitcoin ecosystem is currently facing before making our predictions regarding the potential drop of bitcoin, which, if not resolved, could lead to this economic project to failure, and that would obviously mean a gradual collapse of such a magnitude that we can not yet predict.

These problems were present even before we hit $1200. The market sometimes just tends to shrug them off, thinking that given time these problems will be taken care of. Markets may not always think logically.

Yes and now the price is around 890$ and I am a bit upset and I always thought that the price would go in up direction only. Anyways hoping the price soon reaches 1000$ at least Smiley

and that's what makes you upset, you've been expecting that the price value of bitcoin will only go higher and it seems you didn't think about the other thing that could be possible to happen especially the price these past few days this is what we call risks because we don't even know what will happen after a while . well all of us are hoping that sometime soon bitcoin will hit $1000 again .
copper member
Activity: 1050
Merit: 500
January 07, 2017, 06:39:48 PM
Beyond the technical aspect of the bitcoin price analysis, we should also take into account the various problems  that the bitcoin ecosystem is currently facing before making our predictions regarding the potential drop of bitcoin, which, if not resolved, could lead to this economic project to failure, and that would obviously mean a gradual collapse of such a magnitude that we can not yet predict.

These problems were present even before we hit $1200. The market sometimes just tends to shrug them off, thinking that given time these problems will be taken care of. Markets may not always think logically.

Yes and now the price is around 890$ and I am a bit upset and I always thought that the price would go in up direction only. Anyways hoping the price soon reaches 1000$ at least Smiley

Lol, why being upset?  it is normal for bitcoin to go up and down.  If you watch its movement from the start it alwas goes up and down along the way.  The higher the ups the deeper it goes down.  So i always prefer a slowly uptrend of bitcoin price to at least avoid this kind of scenario,  Bubbles always burst.  I hope that the burst won't be that huge making Bitcoin price goes down to sub $500.
member
Activity: 93
Merit: 10
January 07, 2017, 06:20:37 PM
Beyond the technical aspect of the bitcoin price analysis, we should also take into account the various problems  that the bitcoin ecosystem is currently facing before making our predictions regarding the potential drop of bitcoin, which, if not resolved, could lead to this economic project to failure, and that would obviously mean a gradual collapse of such a magnitude that we can not yet predict.

These problems were present even before we hit $1200. The market sometimes just tends to shrug them off, thinking that given time these problems will be taken care of. Markets may not always think logically.

Yes and now the price is around 890$ and I am a bit upset and I always thought that the price would go in up direction only. Anyways hoping the price soon reaches 1000$ at least Smiley
legendary
Activity: 1246
Merit: 1000
January 07, 2017, 05:34:49 PM
Beyond the technical aspect of the bitcoin price analysis, we should also take into account the various problems  that the bitcoin ecosystem is currently facing before making our predictions regarding the potential drop of bitcoin, which, if not resolved, could lead to this economic project to failure, and that would obviously mean a gradual collapse of such a magnitude that we can not yet predict.

These problems were present even before we hit $1200. The market sometimes just tends to shrug them off, thinking that given time these problems will be taken care of. Markets may not always think logically.
legendary
Activity: 1232
Merit: 1091
January 07, 2017, 05:10:33 PM
I guess we may see a test of $700 support, before returning to any rise. This was already quite a nice bubble we saw, and now we need to check the real market price, before the uptrend resumes.

If I am completely honest, then currently a price just over the $700 level is what I consider to be a fair reflection of the how the situation right now is. If Segwit finally gets activated, then it will add another $100-$150 to the price. But nowadays the price increases in advance of the happening. If I look at it from that point, then the current price isn't that bad either. Right now there is a 50% chance to go up, and 50% chance to go down. We'll see what happens in the coming days.
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