Will bitcoin continue to fall to $ 6,000$-5,000$??? - page 7.

Kprawn

legendary

Activity: 1904

Merit: 1074

This is not like the most mini-crashes that we had previously. This looks like a organized dump, where a group of people are

working together to dump small amounts on different exchanges. It is as if they are cooking the frog in the water.... Angry

You see the price dropping gradually in small increments..... and then it picks up a little and then it goes down aggressively.

I wonder how much of this is driven by institutional capital that are invested by Wall Street?

astridplomp

member

Activity: 217

Merit: 10

This is possible,but i think this maybe happen in few days from now, we are closing to lunar new year eve, and the closer we get the more investors will sell their coins to enjoy their celebration. Rightnow, it may not drop to 6000$ but perhaps in next week, bitcoin may suffer the strong drop from the dump of asian investors.

tyuner4

full member

Activity: 322

Merit: 179

Nobody knows how low bitcoin price will go to. But if you are holding for the long term, then hold and wait, Bitcoin will come back stronger. With lighting and smart contract features coming up, what do you think bitcoin price will be?

BitcoinFrik

member

Activity: 140

Merit: 10

Quote from: MacRohard on February 02, 2018, 09:56:36 AM

if it break 7k5$ so it can fall to 5k at the end of this week. and will recover a little bit on monday to 6k then fall down to 3-4k

I think that overall we will have a bear market for the next few weeks. The prices will slowly decrease and stabilize at certain heights. The market cap might even fall to 200-300 billions.

BitcoinFrik

member

Activity: 140

Merit: 10

Quote from: hoabien780 on February 02, 2018, 08:53:37 AM

Will bitcoin continue to fall to $ 6,000$-5,000$?
Yesterday bitcoin has fallen below 10,000$. Today bitcoin continues to fall deep down to 8,200$ and possibly more.
I bought bitcoin at 15,000$. Who can advise me to keep or sell bitcoin at this time? Will bitcoin continue to fall to 6,000$-5,000$? what should I do? please.. Sad

I don't see why not. It mananged to go from $2.000 to $20.000 in the blink of an eye. Settleing down at $6.000 for a while it's not a big deal, it's still 3x times profit.

earl07

member

Activity: 168

Merit: 22

Quote from: hoabien780 on February 02, 2018, 08:53:37 AM

Will bitcoin continue to fall to $ 6,000$-5,000$?
Yesterday bitcoin has fallen below 10,000$. Today bitcoin continues to fall deep down to 8,200$ and possibly more.
I bought bitcoin at 15,000$. Who can advise me to keep or sell bitcoin at this time? Will bitcoin continue to fall to 6,000$-5,000$? what should I do? please.. Sad

IMO,I suggest to still hold your bitcoin,this phenomena is inevitable and i think it is just normal for all crypto currency specially bitcoin which is in the spotlight and has everyones eyes(or most).Wait is the only choice for us mate,don't fret and think of selling it,it's too early,fud news are one of the reason why a sudden slump of bitcoin price.Beside,since you the cryptoworld you already know some risks with it.

Quote from: RivAngE on February 02, 2018, 09:52:25 AM

Quote from: sann111 on February 02, 2018, 09:05:43 AM

I DONT THINK IT WILL STAY AT $8000, ITS GOING TO COME BACK TO $12000. LOOK OUT, HERE COMES $12000!

I suppose too much bitcoin-ing drives people to madness! Grin

Lol,some pedictions though.I don't know where did this people gets some numbers or are they an analyst?

Quote from: codpku on February 02, 2018, 09:33:58 AM

No its not, bitcoin price already climb back at this time, only 5,67% along this an hour
Im pretty sure that bitcoin price will be back climb up and rise to the moon in this week

I think it's too soon for a week,no one knows when will be the exact time,day,month or even year for it to be back from your so called moon.

Simon pasco

member

Activity: 76

Merit: 10

I do not think the bitcoin will fall until $ 5k, we will bounce back well before, if it is not already the case elsewhere!

ChickenDuck

newbie

Activity: 113

Merit: 0

Yes it can. Right now it’s trade at the price 8.3-8.6k$.
From this it can drop 30% to go to the range 6k-7k$.
But it also can be the bottom now at 8.2k$.

Quote from: hoabien780 on February 02, 2018, 08:53:37 AM

Will bitcoin continue to fall to $ 6,000$-5,000$?
Yesterday bitcoin has fallen below 10,000$. Today bitcoin continues to fall deep down to 8,200$ and possibly more.
I bought bitcoin at 15,000$. Who can advise me to keep or sell bitcoin at this time? Will bitcoin continue to fall to 6,000$-5,000$? what should I do? please.. Sad

Kambal2000

sr. member

Activity: 700

Merit: 257

Quote from: xandriel on February 02, 2018, 10:17:22 AM

Quote from: sandwichman1 on February 02, 2018, 10:11:18 AM

Looks like we had a rebound today but see if it's going to last

rebound is normal when we have hard dump. but the important is we have down trend. so price maybe fall to 5-6k if whale dont do anything

It will not be as low as $8k guys so don't worry about the price as it won't fall too low since still a lot of users nowadays are still keep believing in bitcoin just like here in our country, despite what is it facing right now. It will not that fall as much for as long as we will also encourage everyone not to sell and do panic right now.

Xester

hero member

Activity: 994

Merit: 544

In case it falls down even lower than what you said, I will just hold on my bitcoins. I believe that it will goes up again and will regain its strength. It just happened that India banned bitcoin. Many people think that its price will fall so they panic sell their bitcoins that caused its price to goes down. To think that bitcoin price is still high compared to its price the same date last year.

Kurokyy

full member

Activity: 448

Merit: 100

LETS GO ADAB

Quote from: hoabien780 on February 02, 2018, 08:53:37 AM

Will bitcoin continue to fall to $ 6,000$-5,000$?
Yesterday bitcoin has fallen below 10,000$. Today bitcoin continues to fall deep down to 8,200$ and possibly more.
I bought bitcoin at 15,000$. Who can advise me to keep or sell bitcoin at this time? Will bitcoin continue to fall to 6,000$-5,000$? what should I do? please.. Sad

It is possible to happen, at 8000 $ each bitcoin nobody expecting that to happen in just a short period of time or to go down below that value. I will not anymore be suprise if bitcoin value will go down to 5000$. I am more excited to buy more bitcoin than having panic because of the current dump

xandriel

sr. member

Activity: 586

Merit: 251

Quote from: sandwichman1 on February 02, 2018, 10:11:18 AM

Looks like we had a rebound today but see if it's going to last

rebound is normal when we have hard dump. but the important is we have down trend. so price maybe fall to 5-6k if whale dont do anything

sandwichman1

member

Activity: 62

Merit: 11

Looks like we had a rebound today but see if it's going to last

kidoseagle0312

hero member

Activity: 1092

Merit: 500

Quote from: hoabien780 on February 02, 2018, 08:53:37 AM

Will bitcoin continue to fall to $ 6,000$-5,000$?
Yesterday bitcoin has fallen below 10,000$. Today bitcoin continues to fall deep down to 8,200$ and possibly more.
I bought bitcoin at 15,000$. Who can advise me to keep or sell bitcoin at this time? Will bitcoin continue to fall to 6,000$-5,000$? what should I do? please.. Sad

Bitcoin so far was totally dropped for a couple of weeks, So if you bought it for 15,000$ meaning you've been stock up with it, so you don't a choice but to wait. Because if you sell it you will be loss, So my advice to you mate is you must stick with it just be more patience in waiting, just hold on your Bitcoin for awhile like what I'm doing it now.

Cryptodude2020

newbie

Activity: 35

Merit: 0

Quote from: 7d2mine on February 02, 2018, 09:59:54 AM

The only true long term value that has been established for BTC is 1k per BTC. If you've actually been involved more than like 6 months you can easily see that. It spiked up to around 1200 way back in 2013 or 2014 I forget the exact period, then crashed hard on bad press (mainly the Mt Gox incident and unfavorable news from China.) Then it took a long time to restabilize at 1k and essentially stayed there before rocketing up to 10k, then 19k in a matter of a few months last year.

Be careful, all the people trying to invent all these BS price supports are mainly bag holders who bought at or around 10k. The reality is the only price that it has really stayed at in recent years is right around the $1k USD mark.

Personally I wish 10k or more would become the new stable bottom but there is not really any legitimate evidence to say it will, aside from very loose technical indicators that any real trader can tell you are not truly reliable methods just like with the stock market.

Where did you come up with this magical number of 1K=1 BTC? It will not worth mining at this cost to sustain mining operation even with cheap electricity. Mind disclosing source of this info?

7d2mine

newbie

Activity: 80

Merit: 0

The only true long term value that has been established for BTC is 1k per BTC. If you've actually been involved more than like 6 months you can easily see that. It spiked up to around 1200 way back in 2013 or 2014 I forget the exact period, then crashed hard on bad press (mainly the Mt Gox incident and unfavorable news from China.) Then it took a long time to restabilize at 1k and essentially stayed there before rocketing up to 10k, then 19k in a matter of a few months last year.

Be careful, all the people trying to invent all these BS price supports are mainly bag holders who bought at or around 10k. The reality is the only price that it has really stayed at in recent years is right around the $1k USD mark.

Personally I wish 10k or more would become the new stable bottom but there is not really any legitimate evidence to say it will, aside from very loose technical indicators that any real trader can tell you are not truly reliable methods just like with the stock market.

gilangIDR

legendary

Activity: 1526

Merit: 1001

Quote from: hoabien780 on February 02, 2018, 08:53:37 AM

Will bitcoin continue to fall to $ 6,000$-5,000$?
Yesterday bitcoin has fallen below 10,000$. Today bitcoin continues to fall deep down to 8,200$ and possibly more.
I bought bitcoin at 15,000$. Who can advise me to keep or sell bitcoin at this time? Will bitcoin continue to fall to 6,000$-5,000$? what should I do? please.. Sad

The bitcoin price has indeed decreased, but I think it is a normal thing. Look at the current price has increased again, many factors once that affect the price of bitcoin and I'm sure bitcoin will return to the positive trend. The important thing is we continue to use bitcoin because then the bitcoin price will not be corrected much deeper.

wilburwilbur

member

Activity: 266

Merit: 33

Quote from: hoabien780 on February 02, 2018, 08:53:37 AM

Will bitcoin continue to fall to $ 6,000$-5,000$?
Yesterday bitcoin has fallen below 10,000$. Today bitcoin continues to fall deep down to 8,200$ and possibly more.
I bought bitcoin at 15,000$. Who can advise me to keep or sell bitcoin at this time? Will bitcoin continue to fall to 6,000$-5,000$? what should I do? please.. Sad

well as for me it will not going down as much as 6000$
first japan still supports bitcoin second korea didnt really ban cryptocurrency , they just prohibited people who are doing pump and dump on alt coin, which means they value bitcoin and other cryptocurrencies =) hold on to your btc bud,
there's a light after this long tunnel

MacRohard

full member

Activity: 212

Merit: 100

if it break 7k5$ so it can fall to 5k at the end of this week. and will recover a little bit on monday to 6k then fall down to 3-4k

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

It depends on what whales do. If they are decided to keep selling the price will go maybe even lower than 5000 dollars and the market will be predominant of bears. If the whales have a plan and they will sell until a certain resistant price for example 5000 the limit, then bitcoin will not go lower. Usually January and February are always months in which bitcoin shows weakness but soon after it recovers with giant lengths. In this time the most important thing to do is not to sell your crypto and be patient. I am optimist about a bright future ahead of us for bitcoin.

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