What if Bitcoin price drops even further? - page 4.

shield132

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Quote from: SillyGirl on March 15, 2018, 05:34:14 AM

I don't want to sound I am panicking, but the price of BTC has reached the lowest point this month. Checking on the chart of this quarter on 5Feb there was this dip when the price of BTC even went down to $6,500

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

Can you write pros and cons of high price before saying that falling of it is bad?
High price also caused high fees, which for me, as a bitcoin user is very bad (don't tell me to use altcoin, I need btc currently).
Now we have it between 8-9K and that's great, I think this is the optimal price for bitcoin currently, everything works perfectly.
What if it falls? Nothing, because nothing was happening 1 year ago when price was 600$.

exstasie

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Quote from: fabiorem on March 15, 2018, 02:59:43 PM

Bear markets are long. I thought it was possible to have a small bear market, as we have a bull trend still alive, but it seems I was wrong. Bear markets are always long, a true crypto winter.

This bear market can go as long as 18 months, and the price can plunge as low as $800.

Always?

What about early 2012, after the run-up from $2 to $7.50? That correction lasted ~4 months. In mid-2012, after the spike to $16, the correction lasted ~3 months. After the April 2013 bubble, we bottomed in early July, ~3 months later.

There are no historical parallels to 2014. It's in a league of its own regarding time.

One thing to keep in mind is that we've never had a bull market as long as the 2016-2017 run. The cycles probably take much longer than in previous years. So even if this is more like 2012 or 2013, it could take a year or more to play out.

juli50

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Nobody know what could happen but I think it wont drop too much. Maybe 7k is the minimum value to the crypto community. And when bitcoin went down to that value, it recovered really fast. I think bitcoin can reach 20k this year or maybe more.

fabiorem

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Bear markets are long. I thought it was possible to have a small bear market, as we have a bull trend still alive, but it seems I was wrong. Bear markets are always long, a true crypto winter.

This bear market can go as long as 18 months, and the price can plunge as low as $800. We cant even touch our bitcoins now, cant buy anything with it. Bitcoin will fail hard as a currency as long as this bear market continues, no matter how the technology develops, no matter how many sidechains. And people will not buy it, afraid that it will drop even more.

So, we have to go long, and expect to sell our coins only by 2020. You'll have to reduce exposure, in case you need the money until there. But if you dont, just hold it, because there's no reason to sell at a loss.

dewi91

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we never know what will happen but eventhough bitcoin price drops even further we should be able to survive and never panic selling because if people sell their coin in this situation maybe it will worsen of the market situation and what we fear will happen. just hold and believe bitcoin price will back on high price.

anavir

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it is so alarming but still i will hold my bitcoin until it goes high again..panic selling won't do good for the bitcoiner,it will only give you lose so keep calm and be patient to wait until it goes up again

jrrsparkles

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Quote from: SillyGirl on March 15, 2018, 05:34:14 AM

I don't want to sound I am panicking, but the price of BTC has reached the lowest point this month. Checking on the chart of this quarter on 5Feb there was this dip when the price of BTC even went down to $6,500

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

Holding is the only option when the price keeps decreasing if you sell at this time then you actually lost your capital investment.But still there is chance for more price drops becuause just now the rumor created about google ban so it will make its impact on the price soon.So just hold is the thing we need to do now.

greensheep

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maybe the price will go down further, maybe it won't.
Some people say it needs to go deeper to trigger a bull run

That could then be descibed as panick buying?

Bonsaiav

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I will keep my bitcoin because i strongly believe there will be a huge increase this year simultaneously all of which have a positive effect on the growth of bitcoin, among others:
1. Increasing number of new users,
2. The increasing number of adopters
(Although both don't provide significant changes but at least provide protection against bitcoin values),
3. There is a possibility that large whales will manipulate bitcoin prices to be higher than the previous year.

paul00

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I also think that the value of Bitcoin would still and continuously go down and I am actually waiting for its lowest peak for me to invest. Yes, it is a risk to take but I am willing to take since I believe that in time Bitcoin will unexpectedly rise its value again.

MoonJeina

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That is in mind of every bitcoin user . The price is tending to be highly fluctuating keeping in mind with the new discovery of the Mt. Gox trustees sell off and other controversies regarding it in countries like South Korea . Bitcoin may get down to $6000 but if it went further down it would create a lot of panic even though it is true that bitcoin would recover again in a short time again . But the "panic" is never off the table , even when it is touching moon's height.

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Quote from: SillyGirl on March 15, 2018, 05:34:14 AM

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

I've read it too with others analysis on social media. I don't know where they are getting this type of prediction but there's no clear reason why it will go further. The only thing that I can't right now is many are on panic and starts to cash out so it will be followed by a big dump.

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Quote from: SillyGirl on March 15, 2018, 05:34:14 AM

I don't want to sound I am panicking, but the price of BTC has reached the lowest point this month. Checking on the chart of this quarter on 5Feb there was this dip when the price of BTC even went down to $6,500

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

This month big dumps are happening but it is not a constant fall. Again it will raise soon the current crypto market is fluctuating continuously so we should wait for one month everything should be normal and it is going to moon. So this is right time to invest in Bitcoin because if you invest know it makes 2x profit in only two months. I hope this year end it will reach 30k USD in crypto market.

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Quote from: SillyGirl on March 15, 2018, 05:34:14 AM

I don't want to sound I am panicking, but the price of BTC has reached the lowest point this month. Checking on the chart of this quarter on 5Feb there was this dip when the price of BTC even went down to $6,500

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

It might. Ask yourself if there are any reasons to buy bitcoin right now. If you were a noob, would you buy? I might buy at $6000 (and I've got some orders placed at that level), and I think that's the attitude of most people...

mobnepal

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Quote from: SillyGirl on March 15, 2018, 05:34:14 AM

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

Search more about those friends, many be you will find that they have sold their coins at those big dump at very low price and now willing to buy it back at same or below that price Wink

There are many such investors who want to get back in again that's why they are creating such fuds which is fueled by different legal restrictions and rules coming out from different countries. Market is actually going through heavy dumping right now but there are buy supports at different level.

Hold tightly what you have....

Ararbermas

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In my view maybe no. 'cause as we see the price now is gradually increasing from 7k to 8k and maybe this time it will go back to the current price or it will exceed , unless if there's no negative issue again that can push back the bitcoin price. Just ignore your friends mate 'cause they will repent for sure when bitcoin jump again to the all time high value .

omonuyak

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No person can really tells you what is going to happen in future and I don't think we can actually tells if the price is going to fall further and if price is going to go up from now and the future will tell what is going to happen. However I am very optimistic that bitcoin is going to recover soonest.

DeathAngel

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The price can always go lower just as easily as it can always go higher. What we are currently seeing is panic selling based on the fall out from the Google news & that MtGox trustee douche dumping many coins.

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Quote from: SillyGirl on March 15, 2018, 05:34:14 AM

I don't want to sound I am panicking, but the price of BTC has reached the lowest point this month. Checking on the chart of this quarter on 5Feb there was this dip when the price of BTC even went down to $6,500

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

It is possible to happen considering that bitcoin price movements has been up for a prolonged period of time and lots of uncertainty are going on(because of FUD's. I don't think it will fall back to as low as 2000-1500$ though if that happens it will be a real dilemma and we might see sub 1000$ again. Either way, the price is better comparing to when it was sitting at 200-500$ so it is not bad. Just don't panic sell for now it is wiser to hold.

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