Will bitcoin drop? - page 3. | Bitcointalksearch.org

BitFinnese

copper member

Activity: 1050

Merit: 500

Quote from: pornluver on September 07, 2017, 05:01:48 AM

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

Doesn't it happen already? there is no point in arguing about the analysis of Bitcon price droping since it already happen. But the one debatable is the price going down to $2,200. I know the analysis used here is the data from the previous price drop of Bitcoin but I believe there are lots of errors there. Bitcoin might fall in price due to the correction but I think it will not touch $2500 again.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: Maveth13 on September 07, 2017, 11:30:36 AM

I am expecting a worst case scenario of bitcoin dropping back to $3000. It doesn't really matter though. People seem to be obsessed with minor changes like +/- $500, we seem to forget to just zoom out and look at the trend. These changes are still considered as healthy in the market.

If bitcoin has actually topped out at $5000 and we are entering a bear market your worst case should be $1200 to $2000. You should be prepared to hold any bitcoin you own through a one to two year bear market. That is what risk/reward is about. Sure, bitcoin might surprise everyone and hit $7000 before the bear market. But if you are sitting on a lot of bitcoin right now is time to take profits and raise cash.

john2231

hero member

Activity: 924

Merit: 1001

Quote from: agustina2 on September 07, 2017, 05:44:12 PM

Quote from: pornluver on September 07, 2017, 05:01:48 AM

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

That article is established last month and as we can see, it didn't happened if China didn't established a policy about ICO which is one of the reason why we saw a slight correction this past days. So without China's movement recently, we able to breach $5,000 for a continous bull run.

And price drop is possible as always but not that much. Goodluck for that Goldman Sachs analyst in waiting for $2,221 price drop. That is a failed speculation.

Yeah you have a point if there is no news about china banning ICO's i think we already touch in $5,000 but its still not late because its just a normal that we are seeing price drop because of panic sell and wrong understanding about the issue in china.. that is why i stay holding bitcoin when the price is starting to drop instead i buy more bitcoin when the price hit $4100 because $4k is a starting point i think that the drop will paused in $4k and increase back again after correction and i am right that the price is increase again.. they can not lose bitcoin since its already help a lot from china so it is normal that we are seeing that there is a big drop honestly we are in strong level which is not the same happen from last year and past years.

DragonSlayer

full member

Activity: 181

Merit: 100

Quote from: agustina2 on September 07, 2017, 05:44:12 PM

Quote from: pornluver on September 07, 2017, 05:01:48 AM

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

That article is established last month and as we can see, it didn't happened if China didn't established a policy about ICO which is one of the reason why we saw a slight correction this past days. So without China's movement recently, we able to breach $5,000 for a continous bull run.

And price drop is possible as always but not that much. Goodluck for that Goldman Sachs analyst in waiting for $2,221 price drop. That is a failed speculation.

How come he speculate that the drop will came to 2,221$? Is he really a expert speculator? or just random guy who made a wild guess? The price of bitcoins have come again to 4600$+ and the upward movement will be continue since the dump of bitcoins has been done and people used to moveon on china banning of ICO alts.

TrumpD

sr. member

Activity: 602

Merit: 265

Quote from: pornluver on September 07, 2017, 05:01:48 AM

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

It is all idle speculation and guesswork. The only thing guaranteed is that the price will swing both ways, sometimes wildly, most times slowly. The rest is guess work.

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: pornluver on September 07, 2017, 05:01:48 AM

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

That article is established last month and as we can see, it didn't happened if China didn't established a policy about ICO which is one of the reason why we saw a slight correction this past days. So without China's movement recently, we able to breach $5,000 for a continous bull run.

And price drop is possible as always but not that much. Goodluck for that Goldman Sachs analyst in waiting for $2,221 price drop. That is a failed speculation.

HatakeKakashi

hero member

Activity: 1274

Merit: 513

Quote from: Maveth13 on September 07, 2017, 11:30:36 AM

I am expecting a worst case scenario of bitcoin dropping back to $3000. It doesn't really matter though. People seem to be obsessed with minor changes like +/- $500, we seem to forget to just zoom out and look at the trend. These changes are still considered as healthy in the market.

even the price of bitcoin drop 3000 dollars its very high if you compared the price before. We dont know what will happen in bitcoin in the nexr few years. But if bitcoin drop we can buy more bitcoin and for sure you will earn profit . But as of now the price is very high is already 4600 dollars and I hope it will back again to the price of 5k dollars. But more bitcoin and you will be happy for the result.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: unyil on September 07, 2017, 01:35:19 PM

I see it seems bitcoin will not drop, correction will always be there but bitcoin price will not be badly crushed. We can see the correction that happened yesterday because of negative news from china but we also see now bitcoin price has recovered quickly.

Very true that bitcoin price always rises after the fall. Though we had a bad news regarding CHina banning and also saw 800$ of fall from 4800$ but it started to recovering soon and now we care at 4600$ per btc already. So in terms for fall it does not seems so and little correction may take place in future as well but overall it will rise high every time it falls.

unyil

full member

Activity: 354

Merit: 103

sigs design service➜https://goo.gl/jhz4f8

I see it seems bitcoin will not drop, correction will always be there but bitcoin price will not be badly crushed. We can see the correction that happened yesterday because of negative news from china but we also see now bitcoin price has recovered quickly.

Cranidos

full member

Activity: 140

Merit: 100

Quote from: pornluver on September 07, 2017, 05:01:48 AM

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

It is difficult to agree nor disagree with this kind of matter since speculating about what will happen in the future is difficult. Will bitcoin drop? Who knows, yes maybe. Bitcoin always do that. But if Bitcoin will really have a terrifying pullback, then this is a good opportunity to get on board again. I've been constantly hoping for this. Roll Eyes

SONG GEET

hero member

Activity: 700

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Just neglect all those predictions and make a long term investment on bitcoin, bitcoin is not for short term trading. Hold all your bitcoin for next 5 years you will easily get over 10x return so why to risk your profit by playing on occassional swings.

btc-facebook

legendary

Activity: 1862

Merit: 1015

Quote from: AK47- on September 07, 2017, 11:48:26 AM

The required drop has taken place already. Now, Bitcoin would pass $5k range with some fluctuations easily. Same trend happened when Bitcoin passed $4k and then $4.5k. There might be some small drop at $4.8k. But that wouldn't be huge.

At the moment , bitcoin value quite stable although News about ICO got ban on China already spread around the world !
It means that even big country like China doesn't affect bitcoin value on global market

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: Maveth13 on September 07, 2017, 11:30:36 AM

I am expecting a worst case scenario of bitcoin dropping back to $3000.

That's not at all a worst case scenario situation -- it still means that we're up like 200% this year. If we stretch it a lil bit further, then it's pretty safe to say that there isn't anything that you can consider to be a worst case scenario when it comes to the price. At every level there is enough buy support, where the lower the market is going, the more likely people will jump in and start buying like there is no tomorrow.

CoinsCoinsEverywhere

hero member

Activity: 532

Merit: 500

Quote from: Maveth13 on September 07, 2017, 11:30:36 AM

I am expecting a worst case scenario of bitcoin dropping back to $3000. It doesn't really matter though. People seem to be obsessed with minor changes like +/- $500, we seem to forget to just zoom out and look at the trend. These changes are still considered as healthy in the market.

I would argue that this kind of price instability is a big deal and overall not good for bitcoin. On a percentage basis, a change of $500 in one or two days is on the order of 10-12%. The problem is that this indicates that there is no consensus whatsoever about what the price should be. People are just throwing money at it, assuming that it's going to keep going up. This makes a deep correction much more likely as these people are going to panic and sell quickly if/when we get a drop that's more than the expected $500 or so (or if a major support line is breached).

AK47-

sr. member

Activity: 644

Merit: 250

The required drop has taken place already. Now, Bitcoin would pass $5k range with some fluctuations easily. Same trend happened when Bitcoin passed $4k and then $4.5k. There might be some small drop at $4.8k. But that wouldn't be huge.

mackenzied

sr. member

Activity: 434

Merit: 250

Quote from: Papski on September 07, 2017, 07:55:14 AM

Quote from: pornluver on September 07, 2017, 05:01:48 AM

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

Don't believe from them unless you want to make them more rich imagine if lots of people would following their predictions they could easily make money out of it.

Believe it or not, that's not a big deal, the most important thing is the real value behind what they say. As long as you can understand it, you can make the right decision.

Maveth13

full member

Activity: 336

Merit: 112

I am expecting a worst case scenario of bitcoin dropping back to $3000. It doesn't really matter though. People seem to be obsessed with minor changes like +/- $500, we seem to forget to just zoom out and look at the trend. These changes are still considered as healthy in the market.

Reid

hero member

Activity: 3052

Merit: 651

Creating news about a thing that is going all the way up is also a good advertisement for them.
Bitcoin being popular is going to make them pull more investors to them.
I praise the advertisement team of this good Goldman Sachs for being a genius into using bitcoin as a means of making a free ads for their names to be in the top again. Just want article for the popular bitcoin could make them a lot of money. Nice move.

TheRealProphet

newbie

Activity: 21

Merit: 0

Of course it will drop, we are in a freakin' bubble.

Bagaji

sr. member

Activity: 1330

Merit: 291

Drop and increase in the market value of bitcoin is a normal phenomenal because bitcoin is volatile in nature, any prediction about the movement of bitcoin is just a mere prediction and not 100% accurate.

Topic: Will bitcoin drop? - page 3. (Read 2270 times)