How about $1000? This is something that would be hard to believe if someone say it today, but there are some unforeseen situations which can cause collapse and deep fall. Hack of some big exchange (and we know most people keep coins there), similar to Mt.Gox would be a big step backwards, same as some kind of global political decision to ban bitcoin.
Personally I hope this is not going to happen, and that we will not see price lower then $3000 again in future. In fact, it all depends on how big will be next ATH and correction after that, and based on past events corrections can go up to 90%.
Topic: What price will never be seen again? - page 6. (Read 1167 times)
I know how volatile the bitcoin market can be and in that its very hard to predict what the price can be in the future, but if we must state the price that can never be again in bitcoin just for fun then I will say bitcoin can never be sold again for $0.50 cent because I believe the market have developed beyond that level.
on this earth that we live , anything here is possible and that includes cryptos or bitcoin . anything is possible in bitcoin because bitcoin is volatile ( like what you said earlier ) which means the price can still go down low lower than 0.50 cents and bitcoin or any other cryptos can even drop to zero whenever the people decide to dump all what they got but but , the chance for that to happen is i think verry slim because we all know how useful and how indemand cryptos was .
I know how volatile the bitcoin market can be and in that its very hard to predict what the price can be in the future, but if we must state the price that can never be again in bitcoin just for fun then I will say bitcoin can never be sold again for $0.50 cent because I believe the market have developed beyond that level.
With cryptocurrency we cannot have anything assured, in no time the market will change upside down. As for my concern I have been into bitcoin for more than five years I believe the price of bitcoin will no longer fall low to a three digit value anymore. Probably after the days of halving I hope the price of bitcoin to carry a five digit value long term.
I'm with you on this, I dont think we will see less than $1000 again. Can we get back down to $2k, yeah that's not out of the realm, if profittakers come hard it could just as easy change the momentum downwards. Predictions of btc fiat price is a crapshoot though, too many factors involved to actually use the word never
With cryptocurrency we cannot have anything assured, in no time the market will change upside down. As for my concern I have been into bitcoin for more than five years I believe the price of bitcoin will no longer fall low to a three digit value anymore. Probably after the days of halving I hope the price of bitcoin to carry a five digit value long term.
I'm with you on this, I dont think we will see less than $1000 again. Can we get back down to $2k, yeah that's not out of the realm, if profittakers come hard it could just as easy change the momentum downwards. Predictions of btc fiat price is a crapshoot though, too many factors involved to actually use the word never
~ because the market will be so bullish in the future, that even new bottoms will be higher than that price.
i don't think it is that much about the market being bullish but mostly about that particular price being a very strong bottom (a strong buy support at that level) that makes it impossible to break into. so even if we see a retrace, it won't go any lower than that level because of its strength.
your $5700 is a good estimate in my opinion although i would choose a slightly higher price at $6000 or even $6100 because i still believe that the bottom was at $6k and all the previous 3-4 months we were in a reverse bubble and prior to that this price level has been a very strong one which is now becoming strong again.
The bolded.....that's the kind of sentiment to be weary of. Everyone was expecting lower prices in the low $3,000s. Everyone is expecting higher prices now. I have seen too many times what happens after very fast rises like this. The speed and severity of the subsequent crash usually surprises everyone. Remember the August 2015 crash? Most people didn't see that coming and they won't see it coming this time either.
The Bitcoin I know, once it picks a direction, trends very hard. The next downside correction may only be a correction, but it might be quite severe. I definitely wouldn't rule out sub-$5,000 yet.
The opinions on whether Bitcoin will fall further were split, but the bullishness is universal among all market participants, because nearly everyone, except maybe for some trolls and nocoiners, think that there will be a new bull run at some point. A lot of people thought that it will begin in the next year, close to the halvening, but the optimists think that it already begun with the current price explosion.
Of course Bitcoin is always quite unpredictable, but when I'm saying that some price won't be seen ever again, I mean that chances of that happening are extremely low.
I think a lot of bears who waited for low $3,000 are quite sad now and will grab an opportunity to buy at ~$5,500 level happily, so Bitcoin has a ton of support now, which makes prices below $5,000 extremely unlikely. Everyone is waiting for bull run, there's no doom in the air anymore like it was since Bitcoin started dropping after ATH, so I just don't see any reasons to think that we haven't passed the bottom yet.
The bolded.....that's the kind of sentiment to be weary of. Everyone was expecting lower prices in the low $3,000s. Everyone is expecting higher prices now. I have seen too many times what happens after very fast rises like this. The speed and severity of the subsequent crash usually surprises everyone. Remember the August 2015 crash? Most people didn't see that coming and they won't see it coming this time either.
The Bitcoin I know, once it picks a direction, trends very hard. The next downside correction may only be a correction, but it might be quite severe. I definitely wouldn't rule out sub-$5,000 yet.
I have always been a very conservative person when it comes to crypto because there is no way to determine the value of a coin here. In most cases crypto is extremely overvalued, but rarely reasonably priced.
I remember last year that even legendary members here were so confident in how miners needed $6000 to be maintained and that they wouldn't let it drop below that mark. We have seen that the market didn't care at all.
The price can always go lower or higher. I find it unlikely to see the price test last year's low, but I'm not discaring the possibility of this to happen. It may be an unpopular opinion, but that's not my problem.
I remember last year that even legendary members here were so confident in how miners needed $6000 to be maintained and that they wouldn't let it drop below that mark. We have seen that the market didn't care at all.
The price can always go lower or higher. I find it unlikely to see the price test last year's low, but I'm not discaring the possibility of this to happen. It may be an unpopular opinion, but that's not my problem.
there's no doom in the air anymore like it was since Bitcoin started dropping after ATH, so I just don't see any reasons to think that we haven't passed the bottom yet.
Always take a note it could drop anytime as hard when the confidence starts sinking and people start to sell. Gladly we flushed out a big part of doubters last year and the ones who didnt wont sell cheap.it's tough to answer the OP's question until we correct downward and establish a higher low on the long term charts. it could be that $5000-$5600 consolidation area. it could be the $4200 area that was tested and retested on the way up. it could be near the 200wma if we go to retest it.
I think a lot of bears who waited for low $3,000 are quite sad now and will grab an opportunity to buy at ~$5,500 level happily, so Bitcoin has a ton of support now, which makes prices below $5,000 extremely unlikely. Everyone is waiting for bull run, there's no doom in the air anymore like it was since Bitcoin started dropping after ATH, so I just don't see any reasons to think that we haven't passed the bottom yet.
I think it's safe to say that $3.5k won't happen again. It wasn't supposed to happen during the last bearish market as well, but we have Craig to thank for that one. Why wouldn't it happen again? I think the community is growing up, becoming more resistant to FUD. A lot of bad stuff happened already, but nowadays it seems like the price is not affected by such things anymore. The price can grow and fall, but not as radically as before.
Well I think we will not see bitcoin in a price equal to or less than 800USD, I think that value is already very low to arrive, likewise for me is still latent the danger that can touch the $ 3ko less, minimum I reached $ 2.4k less than there would be total chaos for many people, even for investors.
The market currently may fall to $ 6K because it is where a clear margin where the accumulation stage begins, is likely to depart from there, for me is the starting range, we need to see how the movement can develop from here on Whats to come from speculators, investors, I believe that whales have given a clear example that they want the market to follow its bullish trend, unless it reaches $ 8K is a good psychological trust number not only for speculators and investors but for enthusiasts worldwide.
The market currently may fall to $ 6K because it is where a clear margin where the accumulation stage begins, is likely to depart from there, for me is the starting range, we need to see how the movement can develop from here on Whats to come from speculators, investors, I believe that whales have given a clear example that they want the market to follow its bullish trend, unless it reaches $ 8K is a good psychological trust number not only for speculators and investors but for enthusiasts worldwide.
$1,000 is my prediction but I still think i'm wrong because someday the price will return to its older price range I don't know how or whats the reason but that's my take on Bitcoin's price in the future. I kind of agree with buwaytress the $3,100 low that happened months ago doesn't feel like its the last time once we hit a new high the price would greatly decrease enough to see a new low.
I think there is no guarantee that crypto will continue to pump, crypto is very volatile so there is always the possibility that we will see the lowest price again.
I know it looks increasingly unlikely but I still think 3,100 isn't the lowest we'll see yet from Bitcoin.
if $3100 wasn't the bottom, then we're nowhere near the bottom. we've consolidated for 6 months above those lows so if we return there, we're not just gonna retest them. we're gonna plunge below them.
after the action we've seen, i'm leaning against that scenario. i think the bottom is in. but i wouldn't rule out returning to the 200wma or the low $4000s one more time.
it's tough to answer the OP's question until we correct downward and establish a higher low on the long term charts. it could be that $5000-$5600 consolidation area. it could be the $4200 area that was tested and retested on the way up. it could be near the 200wma if we go to retest it.
When people discuss Bitcoin's price, sometimes they tell that some price will never be seen again, because the market will be so bullish in the future, that even new bottoms will be higher than that price. The only way it won't hold true is if Bitcoin will be truly dying, but there's absolutely no reason to think that it will happen as of now.
So, let's predict what price will never be seen again! I think we won't see anything lower than $5,700 ever again, and the next few weeks is the last opportunity for bearish movements that can bring Bitcoin to below $6,000.
So, let's predict what price will never be seen again! I think we won't see anything lower than $5,700 ever again, and the next few weeks is the last opportunity for bearish movements that can bring Bitcoin to below $6,000.
I know it looks increasingly unlikely but I still think 3,100 isn't the lowest we'll see yet from Bitcoin. I'm a long-termist at heart and by action, but I still can't help feel that everything is far from being stable enough to figure in any estimations for the next term up to halving - only coincidentally equal to my timeframe of 2020 that I set for myself in 2016.
Because this means Bitcoin was at worst only 16% from its ATH. Which would mean it's actually the best decline from ATH we've seen in all its cycles. Which is not good for me because we need bigger retractions for even more spectacular new ATHs. If we want a million dollar Bitcoin, we're going to want to want $2k Bitcoin first
Price who are never seen again is I hope under $5000 that's my price who want to be the lowest value of the bitcoin.
For now the value is under $7000 and we cannot know if it's going to lower again but I Hope it will not happen.
Everyone wants to see the bitcoin at the highest value like $10,000 above for the Month of the May.
For now the value is under $7000 and we cannot know if it's going to lower again but I Hope it will not happen.
Everyone wants to see the bitcoin at the highest value like $10,000 above for the Month of the May.
I highly doubt that we'll ever see any level below $4000 again. Anything below the $5000 level is still a possibility, and I am ready to buy back there in an instant. My main task is to accumulate more BTC, not to accumulate more fiat so I am happier if I can dump these empty dollars again. These pumps offer an amazing opportunity to do that, the only question is when will we start correcting.
It surprises me that there is so much buying going on above $7000. Every attempt to crush it so far failed and got bought up quickly. In the end, this is what makes bull runs so powerful, the fact that people didn't prepare for them by buying in forces them to fomo in and be part of the current rush. Time will tell whether or not that was a good decision, but so far most people having bought any sort of amount this year are in the green.
It surprises me that there is so much buying going on above $7000. Every attempt to crush it so far failed and got bought up quickly. In the end, this is what makes bull runs so powerful, the fact that people didn't prepare for them by buying in forces them to fomo in and be part of the current rush. Time will tell whether or not that was a good decision, but so far most people having bought any sort of amount this year are in the green.
Anything under $3000, I think the market won't touch $100 billion ever again.
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