Topic: Will bitcoin ever drop to $1200-$1500 (Read 3501 times)

I will like for the price to get lower and to get to those levels so I can get more bitcoin for my money, the price reached so high levels that everyone in the forum should be in profit if someone it is not then that user made a bad move so I think most will be glad with cheaper bitcoin and getting ready for the next bubble.

It seemed possible when the price was at $1800 but now it doesn't seem likely. That would be a huge correction and with many countries looking to legalize Bitcoin in the coming months, a crash of that order seems unlikely. A dump to $2k would be good buying opportunity before this juggernaut start rolling again.

This is only happen on others dream to buy bitcoin from exchange but when this happen maybe im sire other county will make an adoption again with bitcoin and it will increasing that fast as 123 since other country dont let that happen they keeing it alive

Bitcoin price raised fast to $2800 in few hours and dropped in 1-2 days to ~$2200, a huge gap, a huge profit for the ones selling at the top price but the curious thing is that people continued selling their coins after the price dropped under $2400, hope they will start buying again so the ask exceeds the demands

Maybe bitcoin prices will soon reach $ 1300, or even $ 1500. No one thought that this happened so fast. I hope, bitcoin prices do not drop at a lower price as before, because the current price is enough to attract the attention of many, especially large investors.

Bitcoin has already gone beyond $2000 and i have assessed its price would soon reach $3000 this year.
It would be beneficial for all status people if bought a bitcoin now

fluctuations happened new ath has been met and now we won't see any bad news that will shake the price, 1500 $ maybe a dream now
and its moving forward to reach 3k$ more sooner than falling  down to 1500$ again but we don't know just be better to keep holding what
ever you have right now.

Before some days ago, I was thinking bitcoin will be back at least $1500. But now i have changed my mind, and finally i think it is impossible to guess the perfect prediction. Bitcoin price is rise everyday and now bitcoin has very strong price, than may be before the end of 2017 bitcoin cross $3000 to $3500, than in that time, it is impossible to think that bitcoin would be come back at $1500.  

nobody knows!  that's the nature of markets.  uncertainty.

honestly, bitcoin is such a once in a lifetime investment, it doesn't make sense risking trading mistakes, just load up the boat and hodl.

Price is nearly $2k now and who would have thought that it can reach that amount, so i think it is possible no one can really tell if whats going to happen in value of btc, it can continue to increase or drop anytime. you have specific price to buy again at $1500, better wait for that amount to drop but if you cant wait then buy at your own risk.

It's sucks a bunch... but no one here knows for sure. If we did - we would all be rich right? You've got to gauge the situation yourself buddy, and then take responsibility for your own actions  .  If you do want my personal opinion however... I don't think Bitcoin will drop until after it hits 2000. I'd sell bitcoin for cash at around 2100, and wait a day - if no price drop after the day buy back in. You can't wait too long in this game, or you miss the boat!

As mention by previous reply it can happen that btc will fall back to 1500$ as theres many traders and investors around which aiming to make profit and did targetted 2k$ as their end zone then wait for retrace and buy back to make another huge earnigs.

I think that it is very possible for bitcoin to drop to 1200$-1500$ price ranges since dumps are bound to happen anyway after upward price movements like what we are seeing now, continuous upward trend of price. I really do hope this continues until 2000$ mark is reached and goodluck to you OP I know you can buy more bitcoin at your target price later if bitcoin rises to 2000$.

There is always a posibility rise and drop is normal in any form of currency. But i will never sell my coins  i will just continue holding them.

I would say it is quite possible, even under $1000, this is because the price at the pump and then they will sell all of the bitcoin and eventually prices will drop again.

bitcoin is purely speculation

Dont expect a really big correction and it all depends how much the market is going to move forward,the general perception is that the positive news keeps on coming and the days of pure speculations are over as there are solid investors in the old who are looking for the long term rather than the short term profits.

I did expect for a correction some time back ,but with the present market situation i am not even sure what to make of it as the corrections we saw are just minute which means that there are investments coming in with every drop and not like we used to see earlier and we might see a good correction but i am not too sure when that will be and it all depends upon how much rally are we going to make with this run.

if you have been reading crypto news you will know by now that the is a high demand for bitcoin every day and selling now will expose you to high priced bitcoins when you need to buy some again.

The prices of bitcoin looks to have stabilized and if it were to drop maybe 1670 should be the average dip

Your trading instinct will grow on you stick around

If bitcoin will reach $2000 and then correction will bring it down to $1500, it will be hell of a correction, don't you think? IMO it is not likely to happen.
And secondly, market is more driven than rising demand than by pure speculation, like it used to be. Just look at Price volatility index, it's much lower that it used to be:

https://www.buybitcoinworldwide.com/volatility-index/

i do not think that bitcoin will drop its price one month before bitcoin price was about $1500 and i waste my time to wait for down price and also missed the good chance to buy bitcoin with low price and now bitcoin price is too much high and i think you should buy bitcoin because price will be go to more high.

I don't see why not. One of the odd things about this price level is that the drops and rises don't seem to be reducing all that much percentage wise. It can shed or gain $100 just as quickly as it used to get rid of much less.

I would not be timing buys and sells with the expectations of certain prices though. It's a very weird market at present.

If you need your money and for that you want to sell your bitcoin at $2000 then it is not bad but if you are thinking for getting the profit and you do not need your money urgently to buy any thing then you are doing bad as the price of bitcoin will increase up more higher. I know you are thinking to sell at $2000 and buying again at $1500 then that is not possible because the price will continue to increase as bitcoin is getting more strength with time.

Honestly there is always a possibility that bitcoin will drop in certain x price.  Bitcoin price is not shielded from any down or crash since it is all depend on the demand of the people.  If people stop supporting bitcoin then it can even drop to worst price per bitcoin.

When bitcoin will be reaching $2000 levels, it may face some corrections as many people would have targeted $2000 as their profit booking zones. But we need to consider the hype bitcoin is going to generate when it will be valuing like some huge big round numbers. I mean new investors may rush in and may take bitcoin prices to $2300 to $2500 at no time too.

Corrections are always possible but looking for $500 gap seems non-practical as per how strongly bitcoin prices are moving forward now a days. 

I think the price may drop to $1500, if it drops any lower i'm gonna buy more coins. you should probably hold your coins and keep buying whenever opportunity presents itself. i don't trade anymore! it's risky so i just buy now.

For the simple user (I fit in that category) there isn't really any major benefit over Bitstamp.

Difference is in them having plenty of altcoins that people can buy and sell, where Bitstamp only allows you to trade XRP alongside Bitcoin. But for me it has no value as I only focus on Bitcoin.

Then we have the difference that Kraken allows people to do margin trading, where Bitstamp doesn't (yet) allow margin trading. And so there are a few more things.

The price of bitcoin is too unstable and it is possible that such a fall if the number of users decreases and panic begins. According to my observations in the summer the price should start to go down, but it's hard to tell to what grade.

very good ideea sell at 2k $

YEs there is a high possibility that the price of bitcoins might grow up at a steady pace but it might have a slight chance that the price of bitcoins would be down to 1200$ ,well that cannot be predictable but on the other hand you have to wait if you want to buy at that price.

Bitstamp has always worked great for me although I've seen a few complaints on bitcointalk about them before. I have yet to try kraken though, is there any benefit to them over bitstamp?

Bitfinex has always had the best liquidity of all exchanges. I think that's the exact reason larger traders prefer to remain trading there instead of moving elsewhere.

I personally make use of Kraken and Bitstamp, and thus far they have proven to be reliable. They may not have the same level of liquidity as Bitfinex, but for me it's more than enough.

Everything is feasible in cryptocurrency. Bitcoin is much more than a currency and it's an asset. Even the price is drop or up, there's nothing new. Everyone knows it. Bitcoin price may crash but it will rise again. Well, rest assured. So, it's possible! Buying or selling is good. But to wait that the price will it's low key to buy more btc is better.

Everything is possible with bitcoin, as it's a speculative currency the variation happens with respect to the time. Sometimes it's gives growth as expected and at times the same goes in the opposite manner. So buying or selling, acting at the present is good than waiting for price to get low for a buying and higher for a selling.

May be bitcoin will come, i think so because it is not lowest price of bitcoin. Whenever bitcoin start to come back than definitely bitcoin would be come at $1200 to $1500. At least bitcoin would be come at $1500. Than it is a time to buy the bitcoin.
I remember when people thought that when bitcoin will come at $1500, because they want to sell bitcoins. And now time has been changed now people think when bitcoin come back at $1500 because they want to buy bitcoins.   

Anything can happen, even the price drops to that price, moreover the bitcoin price is currently rising very fast and yet there is a dump. Well, but I hope the bitcoin prices remain stable and keep going up.

$1500 isn't that far away. Especially if you look at how poor the buy support among exchanges is. It takes a relatively low number of coins to dump the price down significantly.

Example;

It takes 2900BTC to dump the price +$400 lower on Bitstamp.
It takes 3000BTC to dump the price down +$600 on GDAX (Coinbase).
Only difference is Bitfinex, but we know that people can't get their USD out. It takes 3700BTC to dump the price down +$200 there.

Sure it seems that bitcoin price will reach $2000 by the end of this month.I think bitcoin price would not drop to even $1500 as we can see more countries accepting bitcoin payments and more people willing to buy more bitcoins.So it would be better if you buy bitcoins now itself.

The trend of bitcoin can be determined by the news, bullish or bearish all of it will depend on the news itself. But to determined about how good or bad is it will take a lot of time. try to follow the experience trader is a recommended way in my opinion.

All the prediction about the bitcoin price are worst Only Because if you will see in the last year then you will found that the fall in the price is very low and rise in the price is very high , but if you will go back 3-4 years then you can't believe at your own eye that how much the bitcoin price get drop .
So here my suggestion for you is that always buy or sell in small small Investment Because in small small Investment sell and buy never gives feeling that you had sold or bought your bitcoin at high price .
Here my suggestion for you to sell 500$ of your bitcoin and after the month if price increase more then sell.more 500$ and so on , in this way your selling price will reach near the highest price of the bitcoin .

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.

Yes I thought so too

I imagine there is a pretty high chance we'll fall back to the $1200 - $1500 range yes. Bitcoin has never just gone up & up & up & up without significant retraces before another bull run.

Thats true! but Im just asking for some advice, I will have sell my coins at $2000. but dont know if there's going to be a drop to bulkload again

you're asking an anonymous stranger to make financial decisions for you?

no one knows what's gonna happen. don't listen to anyone else. make up your own mind.

Alright, so selling my coins between $1950-$2050 would be a good idea?

my opinion is that BTC will retraced between 1200 to 1500 before shooting up to 2000. remember it got to 1200 then retraced to 900 before recovering back to 1200 and then shoot up to 1500 and then shoot to 1800. However i will suggest instead of investing in btc now you find good ICO and invest. i will suggest BAT upcoming ICO or MobileGO which is currently running.

I was planning to sell my coins for $2000,- /btc and then hoping that it would drop to around $1500,-.

Is this realistic or is bitcoin not going to drop soon? If it's not going to drop, should I buy more? I dont really need my money now & can afford to buy more.

btw. Im a beginner

Thank you!