Once we hit $1000, how far will BTC drop? - page 7.

notme

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Quote from: richardsNY on December 27, 2016, 04:26:27 PM

Quote from: PeRo on December 27, 2016, 03:00:05 PM

What makes you think that it will drop right after hitting 1000$, it can get up more, it is not impossible. But when it drops, it wont go lower than about 800$, it is the floor, mazbe even higher, who knows? It is not really pumping really fast (at least not super fast), so it wont drop drastcally.

It's normal to see the price drop after reaching a new high or special target point. It's safe to say that reaching $1000 fits nicely in that category. If there aren't any more hacked exchanges, or worthless fud articles that people take for granted so easily, then the drop will be temporarily and not that intense. In that view, falling below the $800 point would be seen as the price being oversold. Everything above $900 seems fair.

At what point in the history of bitcoin has it made a new ATH and then fallen back below it before going up further. I can remember some short lived testing of support, but I don't recall it ever falling back below until after it cleared much higher levels.

richardsNY

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Quote from: PeRo on December 27, 2016, 03:00:05 PM

What makes you think that it will drop right after hitting 1000$, it can get up more, it is not impossible. But when it drops, it wont go lower than about 800$, it is the floor, mazbe even higher, who knows? It is not really pumping really fast (at least not super fast), so it wont drop drastcally.

It's normal to see the price drop after reaching a new high or special target point. It's safe to say that reaching $1000 fits nicely in that category. If there aren't any more hacked exchanges, or worthless fud articles that people take for granted so easily, then the drop will be temporarily and not that intense. In that view, falling below the $800 point would be seen as the price being oversold. Everything above $900 seems fair.

PeRo

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What makes you think that it will drop right after hitting 1000$, it can get up more, it is not impossible. But when it drops, it wont go lower than about 800$, it is the floor, mazbe even higher, who knows? It is not really pumping really fast (at least not super fast), so it wont drop drastcally.

the_coldplay

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No drop coming, btc is going it hit about 1300 usd before it drops and im thinking its going to settle between 800-900
can anyone quite this in case im right. thx.

jondeen707

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A drop is a possibility, but I don't think it will be a drastic one. I, for one, am not selling anything when it hits the $1k Grin

crairezx20

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Quote from: xIIImaL on December 27, 2016, 12:40:02 PM

Quote from: Lionidas on December 27, 2016, 10:40:50 AM

It is looking like it will reach that point very soon.
From what it was just last night it seemed to have rose $50 over night which I never have seen before happen in all my time in bitcoin post 2013. Grin

Yesterday it all most reached 900$, but end of the day it drop nearly 30$ and more bro. I think till January end I think this price pump will move up. I think people would utilize this situation and sell their bitcoins

I think until now bitcoin price is in good condition today price is $921 and there is possibility that the price could be hit $1k value soon.. but
i it is still strong possibility that price will happen after this year.. or this nearly vacation..

xIIImaL

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Quote from: Lionidas on December 27, 2016, 10:40:50 AM

It is looking like it will reach that point very soon.
From what it was just last night it seemed to have rose $50 over night which I never have seen before happen in all my time in bitcoin post 2013. Grin

Yesterday it all most reached 900$, but end of the day it drop nearly 30$ and more bro. I think till January end I think this price pump will move up. I think people would utilize this situation and sell their bitcoins

chaser15

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Quote from: tequilamockingbird on December 26, 2016, 05:10:58 AM

With $1000 in the not too distant future and the ensuing sell off (I'm sure many consider this a psychological target to sell 20-50% of their bitcoins for profit, if only to re-invest after the drop).

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?

For me the minimum should be around $800 and the maximum dipping point is $700. As long as the price stays in that range, we can assured that we are going to meet soon some new bottom floor. But prior to that, who knows that maybe price can build a good support around $900 since traders will think that many will take part of another rounds of buys once there is a sudden dump @ reaching $1000 mark.

This is really getting exciting. Im waiting too for the drop. Hopefully drop will happen at above $1000 so that it can test how far that price range will sustain the support.

BingoDog

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Seems that we are rapidly approaching to 100$. And because of the past experience people are probably expecting big and rapid drop in price afterwards. But this doesn't necessary happen. Bitcoin is not more stable, more embeded then before. The dump will occurr sooner or later but it doesn't necessary have be a catastrophy.

sanbashiyi

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i don;t think so , because now the market is not like 2013. people are more faith with bitcoin

Lionidas

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It is looking like it will reach that point very soon.
From what it was just last night it seemed to have rose $50 over night which I never have seen before happen in all my time in bitcoin post 2013. Grin

CyberKuro

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Quote from: senyorito123 on December 26, 2016, 06:49:37 AM

Quote from: tequilamockingbird on December 26, 2016, 05:10:58 AM

With $1000 in the not too distant future and the ensuing sell off (I'm sure many consider this a psychological target to sell 20-50% of their bitcoins for profit, if only to re-invest after the drop).

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?

My prediction for this price pump. It will drop to $700, 'coz BTC now is in demand so that's why it won't drop to less than $700. And now based on observing the btc pump is predictable 'coz of the christmas holiday. Anyways just a newbie on trading, but has a year of experience. I won't contradict with the pro's here 'coz they have more experience than me. Anyways Happy Holidays

That's mean, so many fool people just trying to get small profit.
But, I don't think so, the increasing to $800 had been going through step by step and seems more stable.
Difference between $800-$900 that looks like in rush just one-two days and many people sell out their coins too.
If, we could reach $1000, maximal drop will be at $850 and keep increasing again, why you should sell it out if don't really need money?
Better to keep it as your main savings.

tequilamockingbird

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Quote from: Hahnatise on December 27, 2016, 09:37:37 AM

If the bitcoin price rises to $1000 in March or April next year, there is only 1-10% drop.

March? Looks very likely we'll be hitting that magic $1000 before the end of 2016...

Hahnatise

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Quote from: romero121 on December 26, 2016, 01:39:44 PM

Nothing is assured with the increase and decrease of bitcoin price. Price increase took place in a short to a big value, which too goes down without providing any notification. This holds the market to be without crisis as well depending other country's.

If the bitcoin price rises to $1000 in March or April next year, there is only 1-10% drop.

Karpeles

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will "drop" tillthe new ATH and beyond, then price will be stable at a lower level, but higher than $1000

jakelyson

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If it drops 100$, i'll buy. And if drops another 100$, i'll buy again. As long as it is dropping, I will buy. So, the final figure does not actually matter, after all, after the drop it will push back up again.

pereira4

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Quote from: Sled on December 26, 2016, 05:21:32 AM

If the bitcoin will reach 1000$ price each then the drop the you are expecting might happen because we know that if there is a pump there is a dump. In my opinion, Bitcoin will drop down to 600$ then it will take a few weeks or even months then it will climb up again to 750$ to at least 870$ then it will become stable for that price. But that is only my prediction for the price.

This is what will make a lot of people suicidal. They think we are going to see a mega drop after we reach 1000$ when it's not the case at all. We are going to get past 1000$. Sure there may be a correction because market psychology and 1000 being a very round number, but the correction will be way smaller than a lot of people think. They will lose their pants shorting and they will be out of the game as they aren't able to buy back, or they will buy back at a loss. The best thing to do is not sell a single satoshi, we can only go up in the long run.

tequilamockingbird

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Quote from: pinacolada on December 27, 2016, 03:05:29 AM

It is obvious that the OP is a troll. He only has one post and is purposely creating a false dichotomy which suggests the price must either drop at 1000 or stay between 800-1000.

I assure you I am not a troll. In fact, I am "newbie" just like you pinacolada. Actually I'm someone who has been following bitcoin with great interest for around two years, but had been too foolish/hesitant to get involved until this rise. Now I feel like every value is "cheap" compared to the 10+ years future potential of bitcoin.

My only concern is if the people selling at $1000 (and there will be many) are enough to push BTC down below the value today (~$900). Or are there other factors which can hold the value up during this sell off?

Just for the record my gut tells me $1000 will lead to a drop down to $850, before a quick rise upto $1200, before settling around that level. $1200 might seem an over-valuation, but it seems we are entering a new phase of Bitcoin where government action (India, China etc) is leading people to seek bitcoin out through need rather than curiousity.

naidray

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Quote from: coinplus on December 26, 2016, 01:07:35 PM

Quote from: BitcoinBarrel on December 26, 2016, 12:43:13 PM

What makes you think it will drop?

Obviously profit booking will take place as many investors would have been targeting $1000 price levels but I believe before it makes a pullback, I guess it will set a new ATH. Because, new investors will be rushing and definitely would be more than profit booking. So, after $1000 a jump will be possible before any pullback.

Yes, I too think it is only possible when there are more number of new adopters than those who will be looking to book profits at $1000. I agree, there will be more media coverage when bitcoin testing four digit price levels, so new adopters will come and join the party. I guess most probably there will not be price drop once bitcoin hit $1000.

ArdiPrabowo

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Quote from: tequilamockingbird on December 26, 2016, 05:10:58 AM

With $1000 in the not too distant future and the ensuing sell off (I'm sure many consider this a psychological target to sell 20-50% of their bitcoins for profit, if only to re-invest after the drop).

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?

hi tequilamockingbird , bitcoin price can stable in range 800 - 1000 dollar is long time if without accidenet
in reseach bitcoiner use meta trader MT4 and added several indicator
in resistance price in level 1000 dollar
if can reach to 1000 dollar, bitcoin price can still up
in support price maximum rise to 800 dollar
if never big news, or accident exchanger hacker attack, bitcoin can't crash under 800 dollar

Topic: Once we hit $1000, how far will BTC drop? - page 7. (Read 7392 times)