Will Bitcoin cross 3K USD this year?

kolonel_x

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Quote from: BitcoinHunt3r on October 16, 2019, 12:22:04 AM

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Quote from: BitcoinHunt3r on October 14, 2019, 08:54:47 PM

Quote from: TriplexXx on October 14, 2019, 06:55:56 PM

Quote from: alanshen23 on September 27, 2019, 03:17:44 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, 05:35:19 AM

Quote from: manok jepang on October 15, 2019, 01:52:13 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, 01:52:13 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.

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Quote from: BitcoinHunt3r on October 14, 2019, 08:54:47 PM

Quote from: TriplexXx on October 14, 2019, 06:55:56 PM

Quote from: alanshen23 on September 27, 2019, 03:17:44 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.

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Quote from: TriplexXx on October 14, 2019, 06:55:56 PM

Quote from: alanshen23 on September 27, 2019, 03:17:44 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, 03:17:44 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.

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Quote from: shield132 on October 10, 2019, 01:03:52 PM

Quote from: Darooghe on October 08, 2019, 06:44:47 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.

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Quote from: d3nz on October 14, 2019, 08:36:49 AM

Quote from: iamsange on October 11, 2019, 01:03:25 PM

Quote from: Silberman on October 10, 2019, 09:59:18 AM

Quote from: Darooghe on October 08, 2019, 06:44:47 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, 01:03:25 PM

Quote from: Silberman on October 10, 2019, 09:59:18 AM

Quote from: Darooghe on October 08, 2019, 06:44:47 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, 09:59:18 AM

Quote from: Darooghe on October 08, 2019, 06:44:47 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.

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Quote from: shield132 on October 10, 2019, 01:03:52 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, 06:44:47 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, 06:44:47 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, 10:20:17 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.

inanilujimi

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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.

Silberman

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Quote from: ardentvolcanoes on October 02, 2019, 01:38:48 PM

Quote from: Silberman on October 02, 2019, 01:32:47 PM

Anyone that has watched the markets for a long time knows that bull markets take a long time to materialize and that bear markets can decrease the price very abruptly and then they seem to go on forever, if what we are experimenting is in fact a new bear market then you can be sure that it is not going to be over after a few weeks, it is likely that we will see more red in the market and that many traders will get extremely discouraged by this and will leave the market for good.

Un-denying facts that each time the market suffered a big fall, Investors become disappointed and leave the market. This attitude is just repeatedly happened and more people are leaving after losing their investment, You need to be more patients and allow each event to take place, don't lose hope because in due time the market will bounce, prepare yourself and think positively acquiring those cheap coins just incase the market rallied down to that level.

Do not worry I have no intention of ever leaving this market since there is no other market that can give me so many profits in such a short amount of time, however I still stand by what I said, when the market crashed at the end of 2017 and it went from 20000 to a price close to 3000 you can be sure that at that point many people gave up, accepted their losses and moved on with their lives, it is unfortunate because if they have held they could have recovered most of the money they lost when bitcoin reached a price close to 14000.

Inkdatar

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Their is uncertainty about the price of bitcoin to cross $3k this year and current price ranging $8k. Even though many prediction comes up let us observe the market this year. Good to hold btc at this time and wait for the bull run, who knows bitcoin possibly may increase the following year. As to note, bitcoin price is really unpredictable and hard to judge at what price it will goes. For the mean time in this market condition I am also holding my btc.

barota

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marcket preparing for another dump ; my predection is bitcoin will fall much and price to 6500 at latest before 2020.
but i dont expect 3000 usd per btc because for reach those levels from current price 8100 marcket require crash by 250 percent or more and its hard for sure
the correct prediction is that in the middle

Pearls Before Swine

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Quote from: DeathAngel on September 27, 2019, 04:35:37 AM

$3,000 is not going to happen this year & will probably never be seen again.

Wouldn't be so sure about that even though you are probably correct. Never is an awfully long timeframe and we all know how finnicky bitcoin can be with respect to demand. We are at $8000 which isn't too far away from that price. All it would take would be for sentiment to swirl down the toilet for bitcoin to drop $5000. Probable? I dont think so, but its possible.

Bitcoin is not in a bear market although the tanking to $8000 was bearish. There's a big difference between a true bear market and a correction and I'm not sure if some of these forumites have figured that out yet.

Quote from: wildey on October 01, 2019, 09:38:29 AM

bitcoin prices did go down quite steep due to the effects of BAKKT.

Ascribing this slide to Bakkt might not be right though I can't deny that the timing would suggest it's true. Not that I've been following volume on it, but from what I've seen here its pretty low. It doesn't seem like Bakkt would be affecting bitcoin this seriously. Not a $2000 drop.

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Quote from: Silberman on October 02, 2019, 01:32:47 PM

Quote from: btc_angela on October 01, 2019, 05:30:12 AM

I've seen the price recovered today, but seems to be early to say that we are out of the bear market. Strong support though at $8k and it seems we have found our new bottom for now. I thought that the market has been taking over by the bears, but the bulls are definitely back so I think that we can see the price crossing $3k again, in my opinion.

Anyone that has watched the markets for a long time knows that bull markets take a long time to materialize and that bear markets can decrease the price very abruptly and then they seem to go on forever, if what we are experimenting is in fact a new bear market then you can be sure that it is not going to be over after a few weeks, it is likely that we will see more red in the market and that many traders will get extremely discouraged by this and will leave the market for good.

Un-denying facts that each time the market suffered a big fall, Investors become disappointed and leave the market. This attitude is just repeatedly happened and more people are leaving after losing their investment, You need to be more patients and allow each event to take place, don't lose hope because in due time the market will bounce, prepare yourself and think positively acquiring those cheap coins just incase the market rallied down to that level.

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Quote from: btc_angela on October 01, 2019, 05:30:12 AM

I've seen the price recovered today, but seems to be early to say that we are out of the bear market. Strong support though at $8k and it seems we have found our new bottom for now. I thought that the market has been taking over by the bears, but the bulls are definitely back so I think that we can see the price crossing $3k again, in my opinion.

Anyone that has watched the markets for a long time knows that bull markets take a long time to materialize and that bear markets can decrease the price very abruptly and then they seem to go on forever, if what we are experimenting is in fact a new bear market then you can be sure that it is not going to be over after a few weeks, it is likely that we will see more red in the market and that many traders will get extremely discouraged by this and will leave the market for good.

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Quote from: CarnagexD on October 01, 2019, 09:33:20 AM

Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

I agree with you that there is a chance that bitcoin will fall again into the bear market but still unpredictable and let's see if bitcoin will truly drop at the price of 3000$ in the end of this year 2019. If I were you, I will probably buy now and I will for the next halving of bitcoin which has more potential that the price will pump. Lastly, Just look at the chart in the market and speculate if bitcoin will really drop on that price and if never you should buy now.

You just said that there is a chance of bitcoin falling back to $3000, since you have seen the chance of it falling that low again, why then do you still advise that they should buy now, which means that the investor needs to just wait a little longer then before buying and see if the price will fall further to that again, but I think this will never really happen, it would never be impossible for us to fall back to the price that we were before bitcoin made a head run to start climbing from $5k above till the present price it has now.

This correction may have confused people a little, but that is not enough to prove that we are plunging lower than now, I think that the market will start recovering now, and I will follow that advice that say we should better buy now against the halving of next year.

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Personally I wouldn't go that far as 3000 dollars. It would be totally distress from mass adoption perspective and it will scare most of new potential investors which would lead to further price drop.

FanEagle

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I don't understand from chats that much so I can't tell you what the charts are saying or what the public sentiment is or whatever. However, I can tell you that even if bitcoin goes to $3k that means it will go back up eventually, doesn't matter how further bitcoin goes down it always goes up. Remember, we were once 20 thousand dollars! and it went down as low as 3.5 thousand dollars, that is literally a ~6x difference and we still managed to go back up to $13.8k at our most recent peak didn't we?

So, the long term is still the same, buy bitcoin when you can afford to buy some and stash it aside, when the price goes up you will make more money. Its just simple truth that no matter how much bitcoin falls eventually it goes back up, that is how bitcoin has been forever.

wildey

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Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

bitcoin prices did go down quite steep due to the effects of BAKKT. but, I don't think the price will touch $ 3k. however, the increase in the price of bitcoin is quite high to date, and even the price increase that occurred since the beginning of the year is more than 130%.

At the moment the price of bitcoin is starting to recover. I suggest holding bitcoin in your wallet, I'm pretty sure the rise in bitcoin prices will be really very high by the end of this year. even the german bank predicts a pretty high price after this year. You can check the link below

https://beincrypto.com/german-bank-calls-for-90000-btc-as-halving-hardens-bitcoin/

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Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

I agree with you that there is a chance that bitcoin will fall again into the bear market but still unpredictable and let's see if bitcoin will truly drop at the price of 3000$ in the end of this year 2019. If I were you, I will probably buy now and I will for the next halving of bitcoin which has more potential that the price will pump. Lastly, Just look at the chart in the market and speculate if bitcoin will really drop on that price and if never you should buy now.

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Quote from: btc_angela on October 01, 2019, 05:30:12 AM

I've seen the price recovered today, but seems to be early to say that we are out of the bear market. Strong support though at $8k and it seems we have found our new bottom for now.

There is no such a thing as a recovery as long as we hover below the 200MA. What we are experiencing is just sideways movement where we are stuck within a web of moving averages that will likely keep the price down.

A recovery would be to close above the 200MA on the daily chart.... even though it looks like we're very close, it will be a major hurdle for the price to overcome. People saying it will be an easy task are wishful thinkers.

As for the bottom, I don't think we're there yet. The VPVR indicator has shown that there would be support coming in, and it did. Let's hope $7.7k was the bottom but I'm not holding my breath. I expect more red in the coming weeks.

btc_angela

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I've seen the price recovered today, but seems to be early to say that we are out of the bear market. Strong support though at $8k and it seems we have found our new bottom for now. I thought that the market has been taking over by the bears, but the bulls are definitely back so I think that we can see the price crossing $3k again, in my opinion.

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Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

Bitcoin is a long term investment. Holding is the best option no matter what price you purchased bitcoin for and there is almost no chance that it falls below 3k USD this year. Even in periods of falling value, it always returns to a stable point due to the cycle of crypto, similar to the economic cycle.

Another option which would be viable is distributing your bitcoin into other assets or altcoins which you believe have a better chance of increasing in value, however, this can be risky if you do not know what you're doing. Trading your bitcoin may provide an alternative to holding but requires a solid understanding of the market and shouldn't be attempted without prior research.

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I guess you bought your Bitcoin before at $3,000 therefore i suggest that you should sell it now as i think you have earned more than half of it. In fact $10,000 is already a huge opportunity that maybe you have missed too. Even do its more likely it will not hit the $3k and below because we have only few months left before next year but Bitcoin market is proven unpredictable therefore everything is possible to happen.

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Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

$3000 is to far. If ever bitcoin price will drop, a lot of people would be buying it at cheaper price which would prevent the price to go that low. People are waiting for the next bull market for almost over a year now. So, I guess a drop that low is not that probable at the moment.

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Quote from: Deborah Christine on September 27, 2019, 09:02:38 PM

Of course you should hold bitcoin because I'm optimistic that bitcoin is still the biggest volume of crypto assets in the world. And if we follow the historical pattern of past Bitcoin increases, indeed after or before Halving Day, the price of Bitcoin goes up high.

The halving event won't do magic for BTC just as it did nothing for LTC. This is just more propaganda for novice traders to buy into and for whale bag-holders to sell. In beginning the halving was far more important, but now everyone knows about it so far in advance it's already priced in. The halving won't do anything for BTC except cause another dump when it disappoints like Bakkt! I'm waiting for a magical news about bitcoin more fundamental than halving event.

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Quote from: Heimer on September 30, 2019, 04:54:29 PM

Quote from: Kotone on September 30, 2019, 06:48:47 AM

If you bought it a a very high price than its price now then you must hold, I dont think no one will benefit from selling from a lost I guess. Many people lose their fund due to panic selling, this is thr problem by most. No one can really predict what will be the price of it or the market movement. Analysis some is blur and can't be so accurate.

Holding is best idea whether you've bought at 20k or 2k. Trading is risky and not many people are able to predict price movement accurately to make right trading decission

Holding is risking as well as the moment we invest, there's already a risk inherent to it.
Think of holding only if you don't have the skills in trading but when you hold, you also need to have a better understanding in the market so you will not be hit by FOMO and FUD which normally are the reasons why the market move significantly.

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Quote from: Kotone on September 30, 2019, 06:48:47 AM

If you bought it a a very high price than its price now then you must hold, I dont think no one will benefit from selling from a lost I guess. Many people lose their fund due to panic selling, this is thr problem by most. No one can really predict what will be the price of it or the market movement. Analysis some is blur and can't be so accurate.

Holding is best idea whether you've bought at 20k or 2k. Trading is risky and not many people are able to predict price movement accurately to make right trading decission

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Quote from: ?? on ??

Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

3K i don't think it will happen again in short time. Don't know about in future, maybe for interval this year i think will keep stable like this.

Even in the future, the price of bitcoin market will never dump to the price range suggested by the OP because ever since the year 2017 bitcoin market seems to maintain the act of never dumped to previous it previous depth price and if I'm correct the last depth price of bitcoin was $$6,100-6200. Besides, after this upcoming bitcoin halving the remain bitcoin to be mine won't be much and bitcoin could reach the total 21million anytime.

Quote from: ?? on ??

But not want to resist that if people panic and sell their assets, it can be happen. Maybe if me i will stay to hold my bitcoin because i can see bright future from it. But not want to force people to hold it too because it is their own choice.

Even if some people panic sells their holding it will just create an opportunity for the whales since the impression of this current dump in price of the market is for the whales and opportunity seizure investors to accumulate more coin in cheap.

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If you bought it a a very high price than its price now then you must hold, I dont think no one will benefit from selling from a lost I guess. Many people lose their fund due to panic selling, this is thr problem by most. No one can really predict what will be the price of it or the market movement. Analysis some is blur and can't be so accurate.

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Quote from: samcrypto on September 28, 2019, 04:52:42 PM

I will not wait for any articles to tell me when to buy because I know to myself that I have to rush in the market and buy bitcoin because its cheap but if its go down again then maybe I will loan a money and buy more bitcoin again. There’s a risk on buying so be prepared and don’t just buy because of any signal.

What is difficult in here is that we are too much optimistic to see prices always at high which is supposedly we don't have to be like that. We already know the fact about crypto and the volatility itself, we can't figure it out when it comes out strong or weak. And I think that you know it already.
And forgot about in making loan cause it is not a good idea especially if you are just to investing in crypto. We don't have 100% assurance in here and this a reason also why people are badly in debt.

Some peoples are always fear in crypto investment, so we don't clarify the situation and How it will going to moon. So don't think the risk factor because they never fear the Bitcoin investment and it will on future and demand. May be current dump is affect yourself so you don't believe the Bitcoin potential. If you consult any experienced traders they are all still involved in Bitcoin trading.

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Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

We have already crossed $3k in first quarter of this year lol 😂 so it’s impossible to go back it’s not fair ..

Anyway kidding aside I don’t know where did you get that assumption but that’s too low for bitcoin to struggle again as bull is already here

This BAKKT effect will end very soon now and you’ll see another growth again so just keep the holding and stay trusting bitcoin

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Reality is people are always afraid, they lived the time of 20k to 3k times so when the price goes down it brings back those bad memories, that is why they have not really get over the fact that if bitcoin drops it doesn't really mean it will drop even more, it just means it may not drop too much but keep stagnant after the first fall.

Just because we fell from 10k to 8k doesn't mean we will go to 3k, it means we can stay at around 8k as well, not saying it won't go down but it just doesn't have to. I am trusting bitcoin for now, until it goes under 6k I will keep mine at bitcoin and hodl it, if it goes under 6k I may have to change some stuff up and do something else, I know its a risky move to wait that much but I feel like we will not stay here too long.

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Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

Lol 3k usd is an insult right after the near bullrun and now since there’s a small issue in prices expecting bellowing $3k? Nope it won’t happen I’m sure because this fall is just a result of manipulation but they can’t make it lower than $6k

I assume that this will continue but not lower than $6,000(I’m confident and believe)

Quote from: samcrypto on September 28, 2019, 04:52:42 PM

I will not wait for any articles to tell me when to buy because I know to myself that I have to rush in the market and buy bitcoin because its cheap but if its go down again then maybe I will loan a money and buy more bitcoin again. There’s a risk on buying so be prepared and don’t just buy because of any signal.

lol while I believe that we should be accumulating more when dip,but I don’t want to encourage anyone to take another step that my risk their livin.having a load because you believe market will grow soon is a suicide and must not Ben tolerated

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I will not wait for any articles to tell me when to buy because I know to myself that I have to rush in the market and buy bitcoin because its cheap but if its go down again then maybe I will loan a money and buy more bitcoin again. There’s a risk on buying so be prepared and don’t just buy because of any signal.

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Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

You can do whatever you want with your money, however bitcoin has a tendency of generating higher lows, the lowest price in which we saw bitcoin being sold during this year was 3500 this most likely means that from now on we are never going to see bitcoin going below that price again, we may see 6000 or 5000 again but we will not reach 3500, since you are worried about seeing a price below 3000, probably because that is the price at which you bought bitcoin, then you have nothing to worry about and could hold your bitcoin without any problems.

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I can't see the reasons why would Bitcoin price fall so deep. Some more corrections will happen, that is what we can expect but I don't expect to see some major dump, not that price could fall below 6000$, that is my worse expect ation. Even if that happened it wouldn't be over night but after that the price will not recover so soon. So don't expect that you will buy Bitcoin at 3000$ or less at one day and sold at 10000$ the next.

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Quote from: Kemarit on September 27, 2019, 06:00:06 PM

Quote from: Wilhelm on September 27, 2019, 09:43:17 AM

This is what we would call a bull trap... get the last weak hands to lose faith...

Probably just another shake up and get rid of those weak hands.

Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

Why $3,000 though? Why not $1,000 so that we can purchase more and fill our bags? Are you one of those weaker hands that we've describing? If you don't have faith or at least very nervous about the current price then why not just hold on your Bitcoin and then let this bearish cycle pass by? Opps, I spoke to soon, Bitcoin somewhat recovered to $8200 now.

You don't expect something to fall by 90% and still believe it will recover. It took around 8 months for Bitcoin to recover from 65% fall in 2018, imagine how many months will it take to recover 90% fall. So if you think it's ok for Bitcoin to fall to $1000 then it isn't really. If anything of such sort happens then Bitcoin will get the status of non-serious gambling investment than a competitive high-yielding investment status it has now.

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Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

Of course you have to hold bitcoin because its not good if you don’t have it and if ever we go back to the bottom you must have the money to buy more bitcoin because it can go up high again just like the previos trend. Don’t panic if we are on a bear trend, it will reverse in time because its the cycle of the market.

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Quote from: Kemarit on September 27, 2019, 06:00:06 PM

Why $3,000 though? Why not $1,000 so that we can purchase more and fill our bags?

You wouldn't be buying at $1,000. Nobody here would be. We would all be scared shitless. Wink

Most people get scared and pull their bids when the price is crashing. Plus, crossing below the 2013 ATH (the likes of which has never happened before) would be a really bearish long term technical signal.

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Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

The price of BTCitcoin has already crossed 3k USD a long time back Tongue

. Welcome back after the induced comma Tongue

.

Quote from: ZimmerJason on September 27, 2019, 04:16:29 AM

I think BTC will plumb to 20K at the end of 2019 Roll Eyes

If not will get a plumber to pump the price to those levels Tongue

.

Quote from: UnDerDoG81 on September 27, 2019, 07:12:23 AM

Yes / No

You mean Yes, no, maybe , a song by Bae Suzy Cheesy

.

@OP anything can happen in a market but that does not mean the price will drop to $3k just like that unless there is a major market crisis.

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Quote from: exstasie on September 27, 2019, 10:56:54 AM

Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

Bearish sentiment is developing beautifully. It's like night and day vs. when we were trading in the $10,000s! People are obviously getting pretty scared. I'm getting a little scared myself! This is good. It means we're probably closer to the bottom than we think. It always feels darkest before the dawn.

Remember in December 2018 when people were expecting $1K? Well $3K might be the new $1K. Wink

Well now I'm exciting than ever ... holding bitcoin for long time already and looking for buying more on discount right now till the dip! Who else with me? Thinking and move against the market trends trigger my adrenaline Grin

... I've got no problem to see the market crashed even worse , ready to fill in my basket full of fresh bitcoins!

I expect nothing in bitcoin but a really long long time investment ...

I tend to agree with Pompliano who think that bitcoin is world's best performing asset class over past 10 years ..

Here's why :

2010: 6¢
2011: $4
2012 $10
2013: $100
2014: $400
2015: $200
2016: $600
2017: $4,000
2018: $6,000
2019: $8,000

2020 ? You tell me.

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Why not?
C'mon, look at the history first. This is just some minimal dump which happens with bitcoins almost every month.
It wont cross that low, believe me and I bet it wont anymore.

There is too much supporters now than it was before and also the usage is getting more wider than before. Think positive for it will take us to the moon in the future.

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Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

Yes, you should hold your bitcoin. But I suggest you buy more bitcoin if you have more money and you want to make a profit later. Bitcoin now is at a low price and still below than $10k, so it is a good price to buy. But be careful because the price can get down again without you know so make sure that you analyze first before you bought. But we are still in the bear market so anything can happen.

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Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

Of course you should hold bitcoin because I'm optimistic that bitcoin is still the biggest volume of crypto assets in the world. And if we follow the historical pattern of past Bitcoin increases, indeed after or before Halving Day, the price of Bitcoin goes up high.

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Quote from: ZimmerJason on September 27, 2019, 04:16:29 AM

I think BTC will plumb to 20K at the end of 2019 Roll Eyes

Neither will the price of bitcoin market dump to the 3000 price range mentioned by the OP nor will the market surge to 20K you mentioned and I don't know if most people notice that the crypto market usually experience some dump in price before it halving. Mind you, the market is currently resisting downtrend despite tomorrow is weekend.

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Quote from: Wilhelm on September 27, 2019, 09:43:17 AM

This is what we would call a bull trap... get the last weak hands to lose faith...

Probably just another shake up and get rid of those weak hands.

Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

Why $3,000 though? Why not $1,000 so that we can purchase more and fill our bags? Are you one of those weaker hands that we've describing? If you don't have faith or at least very nervous about the current price then why not just hold on your Bitcoin and then let this bearish cycle pass by? Opps, I spoke to soon, Bitcoin somewhat recovered to $8200 now.

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Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

If you are still waiting for 3k, the good luck to you but i don't think it going to hspprn this year. The drop looks like just a minor pull back to me. We should be able to be fully aware of there in the coming days

As we speak now there are some major movements trying to reverse the drop that has been happening for a few days now.

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Quote from: wheelz1200 on September 27, 2019, 02:44:10 PM

Quote from: alanshen23 on September 27, 2019, 03:17:44 AM

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

In my opinion it's never a bad idea to just hold it limits your upside risk. If bitcoin breaks out on the upside you wont be left buying back in higher or trying to wait for another dip cycle. Smart money will buy the way down but I dont think its gonna touch closet 3k, just my 2 cents

Whether we are in bull or bear market, we still have to hold if our target is not achieved yet.

If we will allow people to dictate us on what to do because we panic in FUD, then we will surely not gonna have a long journey here and we will not feel calm. I know some still didn't learn although we have already seen how strong BTC in the past, the fact that it dump to $3K after the bull run and began to recover this year, we should not underestimate the power of BTC, its down because it was manipulated, better thinking that way so you will believe its real value is not what we are seeing now, it should be higher.

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Quote from: fabiorem on September 27, 2019, 08:37:14 AM

It already did, was in January.

Nope, we never made it below $3000. The bottom was made last December in the $3100s.