Topic: What price will never be seen again? - page 5. (Read 1167 times)

i'd agree with masterluc that $10k-->$6k is possible. people tend to underestimate how fast/hard bitcoin can fall in a correction. a 40% pullback is totally normal and was seen multiple times during the 2017 bull market.

if we follow his forecast, then i imagine any test of $6k will wick below into the $5000s. if we correct sooner (like from the $8000s) then $5000s actually becomes pretty likely.

remember, price only left the $5000s last week. i would give it some time before getting to confident. "the faster we rise, the harder we fall" tends to be true in my experience.

The realistic approach is nothing beneath 3 thousand dollars will be seen again, don't get me wrong I believe its even higher and it will be difficult to reach 4 thousands even after today but that is a risk, what if someone comes up today and sells 50 thousand bitcoins all at once and ruins the market? Then it could potentially drop like hell and there would be nothing we could do to potentially stop them.

Do not say that won't happen because last time we were around 6.5 thousand dollars we believed we were going up then Craig Wright sold thousands of bitcoin and we managed to go back to what we were after 5-6 months, so it could potentially still happen. So far, I believe anything under 5 thousand dollars should be off limits from now on but more realistic approach would be anything under 4 thousand.

Some may indeed be lucky, but most of the people who bought below $4000 were just smart.

Noobs kept paying attention to morons such as Tone Vays and other bears thinking the price had to drop below $1000 for the bottom to be really in. I also remember Tone having said that Ethereum had to drop below $20 or something to finally see Bitcoin increase. What the fuck. How can someone be so stupid? People actually pay him for one-on-one sessions, lol. I would ask for a refund.

The only part where luck will play a role is where you end up securing profits. People cashed out at $5000, but that wasn't it. They cashed out at $6000, but that wasn't it either. I have secured a chunk or two of my profits too soon as well, so I'm going to wait for $10,000 to actually sell again.

Yeah I think a correction to 6000s is likely in the next week. But soon enough 6000s will be gone forever.

Yeah it is absolutely a new bull market, that much has been clear (at least to me!) since it popped from $4200 to $5000 at the beginning of April. However I did mostly expect slow growth for the rest of this year, with maybe a couple medium sized surges. I certainly didn't expect $8000 for a few more months.

I think that just shows in what a different place the market is than the last time a bull market started. In late 2015 when the last bull market started nobody talked about bitcoin unless you were already into bitcoin. There was no ever-present watching of the market and there were no big outside forces looking to move in. This caused a slow year and a half move up from $300s when the bull market started to May 2017 at $1300/1400 when the real surging started.

But nowadays Bitcoin is constantly in the media, banks and tech companies are making their own cryptocurrencies, there is regular news of governments working on regulation of the markets, financial shows mention bitcoin quite often, many companies are also implementing blockchain technology in other ways beyond crypto which gives blockchain in general more legitimacy against the naysayers who think the whole thing is a scam (the certainly still exist haha, I've got a coworker who harps on about blockchain being a scam a few times a week), you have crypto occasionally being promoted by famous people and CEOs or promoting it at events, and of course you've got the lumbering giant that is Wall St slowly dipping its toes in and building out bitcoin services that is gonna bring a tsunami of new money in.

Not sure how it'll play out, we'll just have to see. I would wait a couple months to make any strong prediction on how this young bull market is looking compared to the last, because after all the last one did have a big pump about a month after the initial pump out of the bottom, which could be comparable to the current price action, then it cooled off for like 6 months. But given all the momentum and interest in the market these days, I don't think we're gonna see a 6 month mostly sideways period like bitcoin had in the first half of 2016. I'm gonna venture a guess we're less than a year from hitting the ATH again, and things might just then get nuts again in the second half of 2020, which would be a year earlier than I had been thinking we'd see the madness start again.

Bitcoin prices have increased significantly and at this time prices continue to rise. I was surprised because this continuous increase was endless. Bitcoin prices are in the range of 8,170USD and this is a good performance in Q2 of 2019. whereas before we were in a difficult situation in 2018 so that this could become a new hope in the development of Bitcoin in the future.

People who have bought Bitcoin at cheap rates so they are lucky people, when they want to sell at this time then the benefits can be ascertained and when trying to wait then the opportunity to achieve a much greater profit can happen.

We have been trapped when the hype happens in December 2017 ,everyone are telling that there is no chance that bitcoin will never drop again but what happen in that month after?

The value starts to drop and continuously falls as we head the whole 2018

So what I can sAy now is the price that we cannot see in the future is $2,000 that’s the lowest price we will not see again

You know why it will be impossible for profit takers to really dump the price of bitcoin to as low as $2000, many people enter the market for different purposes, some are to buy and some are to sell, which everyone cannot make same decision at the same time.

The reason why we have seen bitcoin sometimes rise immediately it dips a little bit is because as soon as waiting investors sees the opportunity to buy at that dip, they do immediately to fill in the gap, and there are investors that will never finish always waiting to buy and sell, this market is a trade market, so it is not going to be that easy for one side to pull all the rope to itself without immediate correction.

I don't think we will ever see a $2500 bitcoin again and I starting to think that we will use the rest of the year to build a new all-time high and after that, we will never see a $10.000 bitcoin again.

I think there really no reason behind this big price movement or the previous price movements, aside from one - speculation. Bitcoin rises because people believe that it will rise in the future, and it falls when people think that it will fall after reaching some high price (aka correction). I've seen so many times people were speculating that Bitcoin will move because of some event, and then absolutely nothing happened, that I'm convinced that most events don't matter at all. There are some counterexamples, like Gox, China ban rumors, ETF rejections, but they are more of an exemption from the rule.
So, in the end of the day Bitcoin is just driven by cycles of hype and fear, while still growing in the long run, and I think we have entered a new hype phase, which is why some prices will never be seen again.

I agree that at this point no one can conclude why this is happening, and what exactly caused this pump. From beginning of April and that mysterious buyer who invest $100 million and started all this, price is going up like crazy, almost 100% in little more than a month. If we are in 2020 few months after halving, this would be quite expected, but if the bull run started already now previous ATH will be like a joke.

Smart people always think ahead, but at this point even the smartest can not predicted what would be next bottom.

$8,200 now and no sign of incoming correction yet. I would probably retarget my prediction to $6,400 - this would be the lowest price when we'll drop, and then we'll start growing again, and if it is a new bull run (which I'm mostly certain it is now), then we'll keep growing and growing so this bottom won't be retested again. But overall the market feels so strange this time - I remember how just recently people were wondering whether we have reached the bottom, and suddenly the price more then doubled compared with the bottom.

From setting a new ATH going into bottom, I guess a 3-digit price won't be seen again. If we set a new ATH, a higher bottom will be recorded as well. So those cheap days maybe gone and will be costly for newbie to invest but still profitable, that's the good thing about btc. But then no one really knows what will happen exactly.

Anything and everything is possible in the cryptocurrency market, just when everybody thought, things are looking great suddenly a big surprise caught everybody, but my prediction is $4000 we will never see Bitcoin to that level again, I was a bit worried when the price was at $4500 level, there will more dump when it hit $4000 we're lucky it did not hit that level.
 

They have to know that every year the bottom line will always go up, in the past few months maybe $3800 has become a bottom line for bitcoin. but of course there is an improvement and the market will be stronger because of the correction. You might never see $4k again in the next few years. and even today I think prices will no longer fall below $5k. see very positive market conditions now

I think that the lowest price for bitcoin that may be this year is the range between 6400-6500. It seems to me that, already below this price, the biteoin will not fall, I think this is the extremely low price to which bitcoin could fall this year. Although it may even be so I called too low a price now.

In this cryptocurrencies market everything is possible and when you think that an end has come to a bullish or a bearish trend that is when you will see wonder.  I don't think there is no price that cannot be seeing in future because in 2017 I told my friend that bitcoin may not fall to $10,000 again but now we are praying for it to get back to $10,000!

Op said 5700, you said 5000 are gone forever. Well, that`s like both of you expect push back in next period of time. Its very possible to happen, after months of rising, maybe price will stop in one moment and fall back couple thousands, possible scenario. Good time for shorting now? Or to expect price to climb more for that strategy?
As a trader I see many possible outcomes from this position now. If we break 8000 mark I think we are going higher, if we don`t break it soon price will start moving down for a change. I think everything will be more clear in next couple days.

For sure, we will never see the bitcoin price is at $200

I remember that is the first time I join in the bitcoin world, and that is too high for me to buy bitcoin at that time because I don't have that money to buy a whole bitcoin. And if we should say that what price we will not see again from the last year until now, I think we will never see the price is at $3,000 and perhaps, it won't happen in the future. So I think for people who can buy bitcoin at that price will surely make a lot of money right now because we know that bitcoin price now reaches more than $7,000.

At this point I'd say $5000s are gone forever. Maybe if bitcoin corrects soon we could very briefly see high 5000s, but I think it's more likely any correction would only take it back to 6000s.

Hell with bitcoin hitting $7800 right this moment it's possible $6000s is gone forever at this point too, though I wouldn't be on that just yet. But within a few weeks I think it's likely we'll see $6000s for the last time too if we haven't already.

i think the outcome is becoming more binary than that.

we established the $3100s bottom 6 months ago. if we go back to retest it now, too much time has passed to expect a double bottom. too much underwater supply will have been established by then. we'll quickly go below $3000. in other words, if we hit $3000, we're likely to hit $1800 and possibly $1200 too.

the other outcome is that the bottom is in. this is my personal view. in that case, i doubt we will go below the $3800-$4200 support zone established over the last few months.