Will Bitcoin cross 3K USD this year?

kolonel_x

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Quote from: BitcoinHunt3r on October 16, 2019, 01:22:04 AM

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Quote from: BitcoinHunt3r on October 14, 2019, 09:54:47 PM

Quote from: TriplexXx on October 14, 2019, 07:55:56 PM

Quote from: alanshen23 on September 27, 2019, 04:17:44 AM

It seems to bear market. Should I hold BTC now?

Yep, it might be a little market correction. once the correctional time is over the bitcoin price will jump again. I usually hold my bitcoin for a month even when the market is going down to actually see the outcome of whether the market will react immediately or not. sometimes the market reacts immediately after the correction.

Correction will always happen, but maybe if go to 3k like what OP's title said it will make people panic and it can be worse. If me personally will hope 3k wouldn't happen anymore or maybe we will see bitcoin price can be in low price again.

most likely being at a price of $ 3k is indeed quite difficult for now, even to date the price of bitcoin is quite stable at the price of $ 8,300, even this has been happening for quite a while. other than that, looking at some of today's analysis, saying that the lowest price for bitcoin might only reach $ 7000, and I think that's still pretty difficult. Well, I don't think anyone would expect a price of $ 3k.

If someone expect that price maybe they are afraid to hold bitcoin longer, actually if people not confident with their investment, their fear will be bigger. And it can happen to anyone. But if that people read if others not think about bitcoin wouldn't get $3k easily, they can be more confident.

Low enough to go down to $ 3000 will that happen? I don't think so, I also expect a low price for bitcoin because I am confident that bitcoin will reach the highest level next year, but the question will be that bitcoin falls even worse because many people are worried that if bitcoin falls, myself will be more confident.

Silberman

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Quote from: Vaculin on October 16, 2019, 06:35:19 AM

Quote from: manok jepang on October 15, 2019, 02:52:13 AM

Two days ago, the price of Bitcoin had dropped to $ 7,800 per coin from $ 8,200 per coin. It may be that the majority of market participants are still in a wait and see condition, so that the movement of the Bitcoin market tends to be influenced by the Price action that is currently taking place. If my prediction remains as before, which is still in Sideways condition in the area of $ 9300.

I didn't noticed that it dropped below $8k, maybe because I am not anymore constantly monitoring the price of bitcoin as I believe in time it will rise.
Bitcoin though have dropped to below $10k but compared to its price last January, we can tell there's a major improvement.

If bitcoin will once again dropped to $3k, I would not panic as we've been in that price before and we were able to see some good pump in just a short period of time, actually if we understand how the market move, panic will never come into our mind.

You don't really have to worry since the price of bitcoin is never going to drop below 3000 ever again, while the short term fluctuations of the price can take bitcoin anywhere if you take a look at the long term prospects of bitcoin you'll see a line that goes upwards and each time the price goes up and then down the new baseline of bitcoin becomes higher this means that is very unlikely that the price will go below 3000, it is my prediction that at worst we will see bitcoin reaching 5000.

Vaculin

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Quote from: manok jepang on October 15, 2019, 02:52:13 AM

Two days ago, the price of Bitcoin had dropped to $ 7,800 per coin from $ 8,200 per coin. It may be that the majority of market participants are still in a wait and see condition, so that the movement of the Bitcoin market tends to be influenced by the Price action that is currently taking place. If my prediction remains as before, which is still in Sideways condition in the area of $ 9300.

I didn't noticed that it dropped below $8k, maybe because I am not anymore constantly monitoring the price of bitcoin as I believe in time it will rise.
Bitcoin though have dropped to below $10k but compared to its price last January, we can tell there's a major improvement.

If bitcoin will once again dropped to $3k, I would not panic as we've been in that price before and we were able to see some good pump in just a short period of time, actually if we understand how the market move, panic will never come into our mind.

BitcoinHunt3r

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Quote from: BitcoinHunt3r on October 14, 2019, 09:54:47 PM

Quote from: TriplexXx on October 14, 2019, 07:55:56 PM

Quote from: alanshen23 on September 27, 2019, 04:17:44 AM

It seems to bear market. Should I hold BTC now?

Yep, it might be a little market correction. once the correctional time is over the bitcoin price will jump again. I usually hold my bitcoin for a month even when the market is going down to actually see the outcome of whether the market will react immediately or not. sometimes the market reacts immediately after the correction.

Correction will always happen, but maybe if go to 3k like what OP's title said it will make people panic and it can be worse. If me personally will hope 3k wouldn't happen anymore or maybe we will see bitcoin price can be in low price again.

most likely being at a price of $ 3k is indeed quite difficult for now, even to date the price of bitcoin is quite stable at the price of $ 8,300, even this has been happening for quite a while. other than that, looking at some of today's analysis, saying that the lowest price for bitcoin might only reach $ 7000, and I think that's still pretty difficult. Well, I don't think anyone would expect a price of $ 3k.

If someone expect that price maybe they are afraid to hold bitcoin longer, actually if people not confident with their investment, their fear will be bigger. And it can happen to anyone. But if that people read if others not think about bitcoin wouldn't get $3k easily, they can be more confident.

BitHodler

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other than that, looking at some of today's analysis, saying that the lowest price for bitcoin might only reach $ 7000, and I think that's still pretty difficult.

It's not that difficult when all it takes is the price to trigger stops and the uncontrolled selling starts---exactly what we have seen happen when we broke out of the descending triangle not that long ago.

Don't let the current stability fool you into thinking that we're doing fine.... the same stability is what we had around the $10k level and we went down anyway---we need sideways consolidation in a bull market, not bear market.

Quote from: ?? on ??

Well, I don't think anyone would expect a price of $ 3k.

I find myself to be quire bearish lately, but not bearish enough to see the price fall that low. My lowest "worst case" bottom scenario is $5-$5.5k and that's low as heck already.... I'll definitely stock up on Bitcoin big there.

manok jepang

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Two days ago, the price of Bitcoin had dropped to $ 7,800 per coin from $ 8,200 per coin. It may be that the majority of market participants are still in a wait and see condition, so that the movement of the Bitcoin market tends to be influenced by the Price action that is currently taking place. If my prediction remains as before, which is still in Sideways condition in the area of $ 9300.

BitcoinHunt3r

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Quote from: TriplexXx on October 14, 2019, 07:55:56 PM

Quote from: alanshen23 on September 27, 2019, 04:17:44 AM

It seems to bear market. Should I hold BTC now?

Yep, it might be a little market correction. once the correctional time is over the bitcoin price will jump again. I usually hold my bitcoin for a month even when the market is going down to actually see the outcome of whether the market will react immediately or not. sometimes the market reacts immediately after the correction.

Correction will always happen, but maybe if go to 3k like what OP's title said it will make people panic and it can be worse. If me personally will hope 3k wouldn't happen anymore or maybe we will see bitcoin price can be in low price again.

TriplexXx

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Quote from: alanshen23 on September 27, 2019, 04:17:44 AM

It seems to bear market. Should I hold BTC now?

Yep, it might be a little market correction. once the correctional time is over the bitcoin price will jump again. I usually hold my bitcoin for a month even when the market is going down to actually see the outcome of whether the market will react immediately or not. sometimes the market reacts immediately after the correction.

Silberman

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Quote from: shield132 on October 10, 2019, 02:03:52 PM

Quote from: Darooghe on October 08, 2019, 07:44:47 AM

I don't think so, but if bitcoin goes to $3,000, that would still make bitcoin’s price massively valuable. Remember, bitcoin was at $600 for most of 2016. That means that it spent years after the first bubble at 2x below $1,200.

From the perspective of 2015 and 2016, $3000 bitcoin is just a massive increase in price. This is actually a critical point which I think a lot of people, permabulls and permabears alike, don’t understand. Bitcoin can go to the lower $3,000 and still have demonstrated a massive long term price increase. It just depends on your timeframe and comparison. if you think bitcoin is undervalued at $3,000, it’s not that bitcoin is actually undervalued, you’ve just been spoiled by $20,000 prices. after all, it is impossible for Bitcoin not to gain value over time by this mechanism as long as it stays secure and a fixed supply asset.

I 100% agree with you, that's what I'm saying too always.If we compare 2016's price to current one, there is huge increase in price. If 600$ was enough in 3016 where still even 1k was a dream, current price is far more than enough cause demand on bitcoin hasn't increased that much. But at the same time if price fall on 3k, it will be a huge shock and will be hard to overcome this. Why? Because of expectations from people, 2016's thoughts and current thoughts are far different among people. Also don't forget mining, upcoming halving, fall on 3k will ruin everything.

Our expectations are most of the time determined by the moment we got in the market, I still remember when the bitcoin price was below 1000 dollars so to me any price above that means that bitcoin has made great progress, but if you compare my expectations to the expectations of those that got in the market on December of 2017 and bought bitcoin at 20000 then they have very high expectations of bitcoin, expectations that are not being fulfilled and it is one reason why you see so many investors disappointed with bitcoin and the market in general.

DaftAjax

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Quote from: d3nz on October 14, 2019, 09:36:49 AM

Quote from: iamsange on October 11, 2019, 02:03:25 PM

Quote from: Silberman on October 10, 2019, 10:59:18 AM

Quote from: Darooghe on October 08, 2019, 07:44:47 AM

~snip

~snip..some or "ALL OF US" are waiting to reach it again and definitely it could happen after the halving by next year.

The value of bitcoin will not fall below $7k and there will be a major support to hold its price.

Do you really think "holding" would make any difference?

Honestly, people, wake up! Holding will not make Bitcoin move (no pun intended), "constant" transactions and exchanges will. Y'all probably about to tell me that I'm stupid, but I'd stand my ground. Yes, it's true, if an individual holds their Bitcoin it could result in a massive profit but let's be real here, there are only very few of us that "really" treat Bitcoin as an "asset", but often as a "currency". And that is a good thing IMO, supply and demand are flowing, thus also makes the market value change (it may drop or lift up, whatever the case as long as it's moving). For how long are we gonna depend on the "whales", that made the December 2017 bubble, are we seriously gonna wait for another bubble?

d3nz

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Quote from: iamsange on October 11, 2019, 02:03:25 PM

Quote from: Silberman on October 10, 2019, 10:59:18 AM

Quote from: Darooghe on October 08, 2019, 07:44:47 AM

snip

if you think bitcoin is undervalued at $3,000, it’s not that bitcoin is actually undervalued, you’ve just been spoiled by $20,000 prices.

snip

This is something I have been thinking for a long time, those that joined bitcoin during 2017 are spoiled, they do not really know what it is to wait for years for the market to move at all, they just got in the market and the biggest movement in bitcoin history happened, they profited massively and now they want that to happen every single year and that will never be possible, that is why I believe it will take us a long time to challenge the all time high since those movements are not that common.

People who only think about instant profit will come after big pump at 2017. Because they see bitcoin price increased very fast and high. That is why people think next halving same thing will happen. Actually i hope for that too.

And that's the main problem for some people greediness. I agree that we've been spoil after Bitcoin reaching its ATH and some or "ALL OF US" are waiting to reach it again and definitely it could happen after the halving by next year.

The value of bitcoin will not fall below $7k and there will be a major support to hold its price.

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Quote from: Silberman on October 10, 2019, 10:59:18 AM

Quote from: Darooghe on October 08, 2019, 07:44:47 AM

snip

if you think bitcoin is undervalued at $3,000, it’s not that bitcoin is actually undervalued, you’ve just been spoiled by $20,000 prices.

snip

This is something I have been thinking for a long time, those that joined bitcoin during 2017 are spoiled, they do not really know what it is to wait for years for the market to move at all, they just got in the market and the biggest movement in bitcoin history happened, they profited massively and now they want that to happen every single year and that will never be possible, that is why I believe it will take us a long time to challenge the all time high since those movements are not that common.

People who only think about instant profit will come after big pump at 2017. Because they see bitcoin price increased very fast and high. That is why people think next halving same thing will happen. Actually i hope for that too.

jostorres

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Quote from: shield132 on October 10, 2019, 02:03:52 PM

If we compare 2016's price to current one, there is huge increase in price. If 600$ was enough in 3016 where still even 1k was a dream, current price is far more than enough cause demand on bitcoin hasn't increased that much. But at the same time if price fall on 3k, it will be a huge shock and will be hard to overcome this. Why? Because of expectations from people, 2016's thoughts and current thoughts are far different among people. Also don't forget mining, upcoming halving, fall on 3k will ruin everything.

Far back when bitcoin was first released, I am sure that the early investors never even predicted that the value of bitcoin would have even reached $8000, look at what bitcoin virtually grew from within the space of just 10 years, which system that even the government create that can ever have such drastic performance and acceptance without them even enforcing it on people.

So I think that bitcoin has done so well and I believe that the future of it will still be great than its present. This year, I believe that bitcoin will actually cross over $13000 again and may increase to as much as $15000. Last quarter of the year is always good and I think that in the history of bitcoin, every year ending is always better than the previous year, so I believe that this year will end well with very good value.

shield132

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Quote from: Darooghe on October 08, 2019, 07:44:47 AM

I don't think so, but if bitcoin goes to $3,000, that would still make bitcoin’s price massively valuable. Remember, bitcoin was at $600 for most of 2016. That means that it spent years after the first bubble at 2x below $1,200.

From the perspective of 2015 and 2016, $3000 bitcoin is just a massive increase in price. This is actually a critical point which I think a lot of people, permabulls and permabears alike, don’t understand. Bitcoin can go to the lower $3,000 and still have demonstrated a massive long term price increase. It just depends on your timeframe and comparison. if you think bitcoin is undervalued at $3,000, it’s not that bitcoin is actually undervalued, you’ve just been spoiled by $20,000 prices. after all, it is impossible for Bitcoin not to gain value over time by this mechanism as long as it stays secure and a fixed supply asset.

I 100% agree with you, that's what I'm saying too always.If we compare 2016's price to current one, there is huge increase in price. If 600$ was enough in 3016 where still even 1k was a dream, current price is far more than enough cause demand on bitcoin hasn't increased that much. But at the same time if price fall on 3k, it will be a huge shock and will be hard to overcome this. Why? Because of expectations from people, 2016's thoughts and current thoughts are far different among people. Also don't forget mining, upcoming halving, fall on 3k will ruin everything.

gandame

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For that price sir maybe its hard to up now for $3000 this year because its been hard and slow for the price recover. Maybe wait and have patience for the right time and year for that price. It takes a long time for bitcoin recovery.

Silberman

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Quote from: Darooghe on October 08, 2019, 07:44:47 AM

snip

if you think bitcoin is undervalued at $3,000, it’s not that bitcoin is actually undervalued, you’ve just been spoiled by $20,000 prices.

snip

This is something I have been thinking for a long time, those that joined bitcoin during 2017 are spoiled, they do not really know what it is to wait for years for the market to move at all, they just got in the market and the biggest movement in bitcoin history happened, they profited massively and now they want that to happen every single year and that will never be possible, that is why I believe it will take us a long time to challenge the all time high since those movements are not that common.

WatchMaker

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No way, I don't think the bitcoin price will fall anywhere near $3k but rather $6k to $7k.
You know during this time of the year Q4 - there are certain market bull runs because people are investing bitcoin for easy profits.

sana54210

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Considering the miners are not capable of mining 1 bitcoin for $3k and it costs a lot more and then we will have a halving that would make it even harder, I doubt bitcoin will ever be $3k as well. I mean think about it, there needs to be thousands and thousands of asic miners that needs to be closed down in order to make the rest of the machines work less and still make profit so they can sell for $3k, that is not going to happen anytime soon.

Yeah, we had a similar period where mining was about $5k-$6k cost at around $20k bitcoin price so we said it won't go under but it did and miners started to stop their machines because they couldn't profit so the ones that kept it open started to profit thanks to lower difficulty but that was a HUGE bear run, this is not like that.

Darooghe

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I don't think so, but if bitcoin goes to $3,000, that would still make bitcoin’s price massively valuable. Remember, bitcoin was at $600 for most of 2016. That means that it spent years after the first bubble at 2x below $1,200.

From the perspective of 2015 and 2016, $3000 bitcoin is just a massive increase in price. This is actually a critical point which I think a lot of people, permabulls and permabears alike, don’t understand. Bitcoin can go to the lower $3,000 and still have demonstrated a massive long term price increase. It just depends on your timeframe and comparison. if you think bitcoin is undervalued at $3,000, it’s not that bitcoin is actually undervalued, you’ve just been spoiled by $20,000 prices. after all, it is impossible for Bitcoin not to gain value over time by this mechanism as long as it stays secure and a fixed supply asset.

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Quote from: inanilujimi on October 07, 2019, 11:20:17 AM

Never again will BTC touch the price of $ 3000, this price is too low comrades with the current market capacity.
rest assured no one really left this market.

That will make many people disappointed, especially the miner. We still waiting for what will happen in the market, and maybe after this day, we will see bitcoin can rise to another high price. But the chance to go lower price will still there although we don't want to see it. But if I see on the bitcoin price, the situations at this moment will be at a sideway because the price does not move to the higher price or a lower price.

Topic: Will Bitcoin cross 3K USD this year? (Read 2313 times)