Topic: Will bitcoin ever drop to $1200-$1500 - page 3. (Read 3486 times)

This even is truly unpredictable and we can even tell if the price would go back at 1500$ and im very sure that it is a long time waiting but we should not erase the fact that theirs a huge possibilities that price drop would be happen since it is normally happen on bitcoins and price for now is so huge so far. And the best thing to do now as you said is to buy more since price for now drops as of last night priced reached and we should watch for price stats if we would stake on this since the ratings of staking right now is very dangerous.

Good plan, friend. You have a target and of course you will get a profit in accordance with your wishes. Keep in mind the bitcoin is very volatile and sure whenever it will get down to $ 1,500. But we do not know when it will happen or even the price will continue to rise. So if the price does not go down to $ 1,500 you better buy more because if you keep waiting for the price to go down to $ 1,500 but the price does not touch it you will miss the fluctuations, and it will certainly make you regret. Then if the price has dropped to $ 1,500 you can buy with more amount. Maybe that's a good way to me.

i can certainly tell you one thing with confidence, hoping for price to get somewhere is not a good thing.

there is a good chance that price stops going up very soon (during the following 2-3 days) and if that happens, there will be a correction. then how big that correction is, will depend on many things such as how many are going to start panic selling and how much. so it may or many not go down to $1500.

and if you ask me if it went down, make sure of the bottom and then buy as much as you can, that is what i will do, and then i will hold it with the rest of my coins which i have been holding for years for more years.

Always read news and ask some pro. Maybe they can help you when btc will be going down or increase its price. If the news says btc will be going down prepare your self to buy more btc.

As quoted anything might happen. Though it's purely a speculative currency the prediction might work in a perfect manner as well sometimes goes wrong. Calculated prediction too is not effective as the big investors have the manipulating power by a sudden increasing and decreasing of the market volume circulation leading to increased volatility.

Why ask a forum? it is literally impossible to tell. Unless you are manipulating the market - it does what it wants.

I agree with most of what you said, but most HODLers like myself just prefer holding. There's a reason why I just hold instead of buying low and selling high or trading, something I used to do a lot and have made lots of money on- it doesn't take much effort, you don't pour days of your life into watching price and it is a lot less stress on your person. This also means the BEST way to HODL (or trade) depends on how much you're willing to invest. Below ten BTC I would most likely just continue trading and trying to gain more BTC, but above that I'd just hold as I'd be able to get enough money to actually do something that'd be worth doing.

The thing about risk is that you pretty much can't gauge it.

My suggestion to you, or anyone, if you are planning on 100% holding for a much higher price than now is to consider if even your dream price actually changes your life. Will $4,000/BTC materially change your life? I don't mean buying "something nice," that's just stuff. It will probably be thrown away or destroyed in 10 years.

I mean, how do current profit levels effect your actual day to day existence? Would it allow you to buy a house? To get a degree that you really need for your career? To retire?

If BTC doubles do any of those big picture things change? No? Then not a significant material difference. You might consider selling 20% if there is no significant material difference between doing so now, versus in this hoped for future of even higher BTC prices.

Think about what is actually being gained at different levels, as well as what is lost. Then make a decision. Just doing it because it's risky is utterly illogical. If you actually see a major change to your day to day existence that is mathematically possible, then you can at least make an informed--if risky--decision. But remember, the most likely event based upon BTC history is that at some point you will be able to buy back in for less than you sell for today.

I can't say it's realistic or not, but I wouldn't be surprised if bitcoin would drop to $1200-$1500. Bitcoin rised much in short period and offcourse it can drop.
I remember that few month ago I was really sceptical when price was between $1000-$1200, I had thoughts that bitcoin can drop to $800 or even lower. But now I can't imagine such scenario.

It can't hurt. I went all in at 300 and 600 and I've made some nice profits, still holding. Depends mostly if you like taking risks or going safe, personally I like taking risks with crypto as I've made far more doing risky shit than planning out something and following the plan. Just sell when you feel comfortable with your profits and buy something nice to feel better; historically, if you've bought coins before this month at any exchange price and sold right now, you'd have made money. This is including Gox prices which were incredibly inflated.

I wish the world was that ideal, but you need to learn how market manipulations work and how whales cause panic to trick day traders to dump in fear of losing.
I wouldn't be so sure about current market price sustaining, what if 15th comes and ETF doesn't pass approval and market loses hope and start moving downwards?
I'm telling this despite the fact if I had money right now I would be running to buy and accumulate but I am telling others not to open any position and wait one more week.

Same question was asked before by a guy : should I sell at $1200 then buy when the price will drop to $800 or wait?
The answer selling now = fail and holding or buying = good step
At the end who knows  

Of course it will drop again.

I would consider $1250 as a near certainty at some point in the next six months, even if this rally reaches all the way to $3000.

And as the poster above me mentioned, sell a portion. Sell even just 20% of what you plan on selling at $2000, then list another 50% of what you planned at $1998, then list some more at $2100, 2200, etc.

Never go all in, or all out.

It's always pure happiness and full confidence when the price is increasing, but don't forget that something that goes up fast easily, may also come down fast easily.

Call me conservative, but I don't rule out the $1200 mark at this point. I have seen the price do crazy things more than once, so don't take anything for granted.

In most cases common sense will help you to look at this whole situation with a clear mind. Let me put it like this, if you have made decent profits already, then cash out a good portion.

$2000 is slightly over 10% away from current prices, so think everything through properly. Is this 10% really worth waiting for? I personally find not. If you can cash out, then do so.

How many Bitcoins do you think is out there? unless people intentionally buying high and selling low there is no evidence that suggests we hitting that low.

If everyone buys and hodls who will dump then? who is stupid enough to sell for a lower price? let miners sell their 2KBTC every day as they mine them

That wont cause the price to drop. if you have a magical wand to produce Bitcoin besides what miners are producing there is no way whales have much more coins to dump and cause the decrease.

Have you checked the 24 hours volume? people are no longer selling 180KBTC rather 80K only they are holding back and there is actually a real demand for it paying top dollars.

I also think that this rise can`t last for long and eventually we will see a price going down. I`m reading comments and many people are surprised with this new records that bitcoin price is making, my prediction is based a bit on history and a bit on current situation, current news about Japan is driving price up and in one moment that will stop and price will drop and settle around 1500 $, more on less. and this is short time prediction for next month or two, what will happen until the end of the year is almost impossible to predict.

If you are planning to sell it then sell it. What if someone told you something and it didn't happen? You will blame him? Make your own technical analysis about what it's going on.

If it's realistic for bitcoin to drop at the range $1200-$1500, yes it's realistic. But the question is, when? how?

And you said you can afford to buy more then go just keep on buying. All you can read here is speculations and not accurate.

if you have a huge chuck of bitcoin definitely we are going to see a shift in price but -$500 thats a big margin drop from the planned $2000 mark

if you are not in hurry that makes bitcoin the perfect investment for you as you get to learn the lingo commonly used here and enjoy a
relaxed state of mind free from speculation panic sells.
My advice do not dump hold and buy more

1200 - 1500 USD is very likely. This rise is unsustainable, we are days away from a big dump I think. Take the opportunity to load up if/when it happens.