Will bitcoin ever drop below 2500 ? - page 3.

hatshepsut93

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Quote from: AceBtcs on August 11, 2017, 07:03:15 PM

Just curios. any ideas?

It will depend on the price around October, if we assume that there will be economic split due to SegWit2x hard fork. This situation might be different from BCH fork, because SegWit2x fork has no replay protection, meaning that it will be harder to use two coins separately. SegWit2x also has much more support, especially from miners and some companies, so this split might cause a drop to $2500.
On the other hand, Bitcoin can behave very unpredictably, for example it was very stable during BCH fork, while many believe that it will drop. So, it's also possible that we might never see prices below $3000 or $3200.

maokoto

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Big bad news can make that happen. A major bug, an error in the segwit protocol or in the november fork... things like that are possible. But that is not the most likely thing to happen in my view.

richardsNY

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I don't see why the price won't at some point fall back to such levels. Especially because of the fact that such a drop isn't all that far away. I think even sub $2000 levels shouldn't be so easily discarded as long as we haven't dealt with everything related to the hard fork in November. That's for now the only thing I can see stop Bitcoin's growth at least for a few months. If we manage to get past that event without any serious damage, I am sure that after a correction that is due, the market will keep rushing forwards. At the end of the day, it will allow people to cash out and to buy back at lower levels.

MCS23

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Quote from: AceBtcs on August 11, 2017, 07:03:15 PM

Just curios. any ideas?

Many have long been waiting for a dump. But bitcoin only climbs up. It's a little embarrassing for me because I have long been unable to make coins for long-term storage

AT101ET

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It's happened before so it could definitely happen again. If BTC ever becomes obsolete then you can expect its value to decrease and fall even more than that.
If you want to invest in BTC then never spend more than you can afford to lose.

Catmony

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I think price can go below $3500 soon when this bull run will be over but I don't think we will see price below $3k anytime soon. After segwit activation debate over increasing blocksize will come to surface again and that might create another hard fork on november which might end up making 3 bitcoins in total. That can certainly create panic on the market and I am expecting huge dump on november.

2double0

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Seeing current rates ($3858) where Bitcoin is trying to manage and break the 4k barrier, I don't think that dropping by $1400 in a single shot is possible unless someone comes up with their coins and announces a blood bath giving Bitcoins a sudden death for that day. Bitcoin is not a slum but a rich baby which is currently in the list of hackers as well as ransomware guys and investors too, no one wants to lose an opportunity they have got.

bitserve

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Probably not. But it is still a posibility.

Mister1k

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Quote from: gentlemand on August 11, 2017, 07:08:02 PM

That would be only be a 30% drop. BTC has certainly managed that with ease in the past.

The question is do its moves retain their magnitude as the price goes higher? Maybe they will. I really thought the moves we've seen would be far more sluggish than they've been.

If price fluctuate and bitcoin value drop and again then only we can find the profit and loss for every side. Else it would be one sider game. We need to expect the bitcoin related business and adoption more to find the price quickly bump in the chart.

KennyR

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Bitcoin is full of uncertainty just because of the varied features that the currency holds different than other fiat currency. This has made it grow in value to a bigger level, the increased pricing is also an reason to reach more users in a very less time. Hope the same growth continues and never lets the value fell below $2500.

HabBear

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It's a very real possibility. We haven't been beyond $2500 for that long. And all somoene would have to do is flood the market to make the price drop. Plenty of people or entities have enough Bitcoin to send the price down if they wanted or needed to sell. Every exchange on the planet could do this.

jorneyflair

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Quote from: AceBtcs on August 11, 2017, 07:03:15 PM

Just curios. any ideas?

If you actually put that in perspective, it isn't that much. We wen't from 2.8K to 1.8K in 2 days around 2 weeks back with all the segwit fud. Now we are at 3.6K and you are only suggesting a 1.1-1.2K drop which actually isn't that much.

I think that we will be experiencing a drop soon, probably not below 2.5K but I think Bitcoin will drop to below 3K. Then Bitcoin will recover and hopefully end up reaching 4K in a couple of weeks or at the end of this month.

ethereumhunter

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actually i don't know but its still possible to drop below 2500. but i think many people don't want the price to drop until that price because they only expecting the price is increase high. if the price is really drop, then i think it will be the right time for us to buy bitcoin again and then we can sell it when the price is increase.

thecodebear

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It could but I honestly doubt it. And if it does it'll probably be the very extreme of a crash and last for less than an hour.

Just depends on how high we go before another crash. If it were to crash in the next few days before it hits $4000 we could possibly see $2500 again very briefly. But if we're getting started on another bull run that's gonna last a few weeks then it might shoot up to $5000+ before we see a serious crash, in which case its very unlikely we'll ever see under $3000 again.

jubalix

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it could quite easily, but I think it will depend where the next ath lands, say, it get to 10 K then the floor might be at 3K.

I feel the scaling debate has held btc back for over a year and we are seeing catch up now.

FiendCoin

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The devil is in the detail.

I wouldn't hold my breath, but it is possible.

Ultegra134

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As the above poster said, that would be a 30% drop, it's possible but won't happen overnight while it's quite unlikely. Right now, I don't think it's going to drop any close below $3000, at least for the following months, maybe end of the year too.

gentlemand

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That would be only be a 30% drop. BTC has certainly managed that with ease in the past.

The question is do its moves retain their magnitude as the price goes higher? Maybe they will. I really thought the moves we've seen would be far more sluggish than they've been.

AceBtcs

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Just curios. any ideas?

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