When will Bitcoin return to its glory? Will it sink more?

Omega Weapon

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Quote from: TheGodson on September 14, 2017, 01:32:45 PM

How low do you think Bitcoin is going to go before it starts climbing back up again? Is this it? Is this the end of Bitcoin?

Assuming it goes back up, what do you think the lowest we can get it at?

It is at a 28% decrease from last week? That is pretty bad.

When bitcoin abandoned its glory? Bitcoin is as great as ever, the price got lower in the last days but we have seen how easily bitcoin recovered from that, people are very impatient, I would understand a post like this if bitcoin lose value for months and there was doubts if we were going to see prices as high as we have seen ever again, but creating a topic just a few days after the fact and to think bitcoin is going to die is a mistake.

KennyR

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By November the bitcoin becomes more glorious. By the upcoming splitting an price dump can be expected and the same will soon take the price higher to cross $6000. Price sink is something common with bitcoin and the same gets overcomed in a short. So, its our goodness to have trust and start using it.

timerland

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Quote from: TheGodson on September 14, 2017, 01:32:45 PM

How low do you think Bitcoin is going to go before it starts climbing back up again? Is this it? Is this the end of Bitcoin?

Assuming it goes back up, what do you think the lowest we can get it at?

It is at a 28% decrease from last week? That is pretty bad.

The FUD has caused the selloff and currently we are recovering.

Even though we are going up right now i think that we can still expect some dips along the way that would make pretty nice buying opportunities. How low they will be is unknown but i think around $3300-3500.

By next month we should be looking at $4500+ prices consistently again, as this bull market continues.

shesheboy

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Quote from: TheGodson on September 14, 2017, 01:32:45 PM

How low do you think Bitcoin is going to go before it starts climbing back up again? Is this it? Is this the end of Bitcoin?

Assuming it goes back up, what do you think the lowest we can get it at?

It is at a 28% decrease from last week? That is pretty bad.

as for today as you can see bitcoin is recovering and slowly getting back to his throne and soon will rule again the world of cryptocurrency. i also personally think that the price drop is over and its time for a new season after the china crisis bitcoin will still be the king and wont be dead without china. oh hail the great bitcoin.

aardvark15

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Quote from: TheGodson on September 14, 2017, 01:32:45 PM

How low do you think Bitcoin is going to go before it starts climbing back up again? Is this it? Is this the end of Bitcoin?

Assuming it goes back up, what do you think the lowest we can get it at?

It is at a 28% decrease from last week? That is pretty bad.

It may be next year before we see Bitcoin fully recover. I would not be surprised if the price of Bitcoin went through a period of volatility in a trading range before it starts to move up more. A trading range between $3000 and $4000 for a few months or even a year would not surprise me after the big increase and now with the news from China. I'm confident though that Bitcoin and all major cryptocurrencies will recover and continue up and reach new highs.

bitbunnny

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I don't agree with that, Bitcoin has never lost its glory. The price is maybe not at the highest level but the price is not the only thing about Bitcoin and again volatility is normal process that everyone should accept and count on it. So, Bitcoin price will always go up and down, nothing strange about it.

panju1

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Quote from: TheGodson on September 14, 2017, 01:32:45 PM

How low do you think Bitcoin is going to go before it starts climbing back up again? Is this it? Is this the end of Bitcoin?

Assuming it goes back up, what do you think the lowest we can get it at?

It is at a 28% decrease from last week? That is pretty bad.

Bitcoin has not even come close to its glory days. We are still a child in the world of global finance. Compare the market capitalisation of Bitcoin and that of gold. In another few years, we will all have a good laugh at China's actions.

btcney

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Quote from: TheGodson on September 14, 2017, 01:32:45 PM

How low do you think Bitcoin is going to go before it starts climbing back up again? Is this it? Is this the end of Bitcoin?

Assuming it goes back up, what do you think the lowest we can get it at?

It is at a 28% decrease from last week? That is pretty bad.

Definitely not the end of bitcoin. End of bitcoin would only really ever come if the entire network was shut down, and this will probably never happen in our lifetimes at least because there is no single point of failure.

This was just a short term adjustment in price.

Mainly caused by Chinese FUD. We are currently on the verge of a full recovery. In fact, i think that the price will likely go up further this month and this bull trend will be sustained.

reliable

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Quote from: mltbg on September 15, 2017, 06:36:22 AM

Quote from: talkbitcoin on September 15, 2017, 03:35:51 AM

bitcoin glory is its adoption and usage as a currency not its price

Nobody uses bitcoin as currency, all investors come to make profit from rising price, it's just a digital era ponzi where early adopters have natural incentive to up the hype.

Well this is totally false because can you prove what is ponzi here. By the way it seems you do not know what is the meaning of Ponzi. How come bitcoin is Ponzi? Yes you might be frustrated by it because you would have definitely not invested early and now with the price rise you have missed the opportunity and this is causing a lot of problem to you it seems.

jorneyflair

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Quote from: TheGodson on September 14, 2017, 01:32:45 PM

How low do you think Bitcoin is going to go before it starts climbing back up again? Is this it? Is this the end of Bitcoin?

Assuming it goes back up, what do you think the lowest we can get it at?

It is at a 28% decrease from last week? That is pretty bad.

It was indeed a pretty big decline that we've seen last week.

This week seems to be a new start for bitcoin. Currently price is already up to around $4000, and still pushing upwards as we speak. I'm not sure though whether this is a bull trap or not, if not then bitcoin can easily go to $5k or more and return to its "former glory".

Just be careful buying in, as i said it could potentially be a bull trap. News from China have not changed if i'm correct so BTCChina is still closing down.

kafeelniazi

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There is no specific limit to go deep down but whenever you think that it’s the least price and it’s the time to climbing up you should not waste the chance and buy as much as you can before the its starts climbing up. If price of bitcoin increases, then it will be quite harder for you to buy it.

bobitza

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Quote from: TheGodson on September 14, 2017, 01:32:45 PM

How low do you think Bitcoin is going to go before it starts climbing back up again? Is this it? Is this the end of Bitcoin?

Assuming it goes back up, what do you think the lowest we can get it at?

It is at a 28% decrease from last week? That is pretty bad.

No, this is not the end of a bitcoin, it will quickly come back in time to come. Due to the extraordinary growth, many people have started to doubt bitcoin, in addition, some other factors, governments and other powerful people also cause great impact. As soon as it's over, the bitcoin will go up.

mltbg

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Quote from: talkbitcoin on September 15, 2017, 03:35:51 AM

bitcoin glory is its adoption and usage as a currency not its price

Nobody uses bitcoin as currency, all investors come to make profit from rising price, it's just a digital era ponzi where early adopters have natural incentive to up the hype.

xypos

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Quote from: TheGodson on September 14, 2017, 01:32:45 PM

How low do you think Bitcoin is going to go before it starts climbing back up again? Is this it? Is this the end of Bitcoin?

Assuming it goes back up, what do you think the lowest we can get it at?

It is at a 28% decrease from last week? That is pretty bad.

Well yeah and it is still dropping.

Currently it is just above $3000 and barely.

Personally i do think that it's probably going to go down even more from this point. However, we shuold see some sort of recovery to at least $3.5k+ from now. $4k+ is possible but seems unlikely at this point in time. After that, we could potentially see price drop further. Bubble has popped imo.

machinek20

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The result will be known for this few days, but this week and next week will be hell, the price will drop down like crazy and the peak will be near the end of september, it is very hard to predict when will be recover since everything still in unsure and unstable condition, i hope it can go back to its top condition soon, because the price is looking so bad

Beparanf

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Quote from: kwukduck on September 15, 2017, 04:58:11 AM

Quote from: Denker on September 15, 2017, 04:23:10 AM

Man this is impossible to answer accurately.
The market is going crazy right now.
We may be able to hold this range until some news comes out, or we may go down way more than anybody expects!!
We have to wait and see.That's all you can do.
If you're in this game for some time, you will have strongs hands if you haven't sold. No reason to sell now.
If you got some fiat and wanna buy, this is the time you may start to layer in.

Why would anyone buy now? China has only STARTED to close small exchanges, they will be shutting down the rest soon.
After that they will release official statements some weeks from now, hammering the price down even more.
Other countries will follow China's ban, as we're already seeing.
If that doesn't cut current price more than in half, you can bet the November hard fork will do it for us.
This is no time to buy. Unless you like to lose money. Buy back range is 600-800 USD, if it holds.

This week is not for buying week, the fall isn't over there are more to come. But still will not sell it since I already lose thousands due to this fal, will hold it until it gives back whats mine even it takes years.

kwukduck

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Quote from: Denker on September 15, 2017, 04:23:10 AM

Man this is impossible to answer accurately.
The market is going crazy right now.
We may be able to hold this range until some news comes out, or we may go down way more than anybody expects!!
We have to wait and see.That's all you can do.
If you're in this game for some time, you will have strongs hands if you haven't sold. No reason to sell now.
If you got some fiat and wanna buy, this is the time you may start to layer in.

Why would anyone buy now? China has only STARTED to close small exchanges, they will be shutting down the rest soon.
After that they will release official statements some weeks from now, hammering the price down even more.
Other countries will follow China's ban, as we're already seeing.
If that doesn't cut current price more than in half, you can bet the November hard fork will do it for us.
This is no time to buy. Unless you like to lose money. Buy back range is 600-800 USD, if it holds.

Asrael999

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Bitcoin will fall until everyone on this forum is disillusioned and ready to get out, then it has scope to rise.

Denker

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Man this is impossible to answer accurately.
The market is going crazy right now.
We may be able to hold this range until some news comes out, or we may go down way more than anybody expects!!
We have to wait and see.That's all you can do.
If you're in this game for some time, you will have strongs hands if you haven't sold. No reason to sell now.
If you got some fiat and wanna buy, this is the time you may start to layer in.

NUFCrichard

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If Chinese exchanges are closing at the end of the month, you can expect lower prices until then at least.
There is the looming 2x part of Segwit2x coming up in November. Everyone signed up to Segwit2x, but now that they have Segwit, they don't seem to be so keen on the 2x bit anymore (even though Segwit hasn't really increased the blockchain capacity much at all).

So that means there will either be a 2nd hard fork, or no hard fork but a big disagreement about people signing up to the New York agreement, but not carrying through with it.

It could be a rocky ride in the next months. I would expect a bounce after the Chinese exchanges close, and everyone realises that it isn't a very big deal, but I think $5000 won't be reached as that was a bridge too far anyway.

Topic: When will Bitcoin return to its glory? Will it sink more? (Read 1374 times)