Topic: Will bitcoin go below $3000? - page 2. (Read 712 times)

Of course there's a chance for it since anything could happen but with the little rise we had. It seems the price is strong and won't give up below $3000. Also, it seems the panic has gone now not unless they will saw a fall again and another known person will make a bad prediction that could trigger their weak hands.

I think that it's going to just be a short term rebound.

There are really two possibilities, one is that BTC prices stay put at around $4k and that would be support, or prices go down further. I do not think that in the short run, there are any reasonable prospects for bitcoin to have a bullish breakout.

There is every possibility as a result that bitcoin does dip below $3k, but I think that if it does, it wouldn't be able to stay below that level for long due to the demand for cheap coins that would form. But I think instead of trying to predict where the market is going to bottom out at exactly, it's much more productive to simply start accumulating at a regular basis at this point so that your entry/buy price can be nicely averaged out across this period of bearishness, which has shown to be quite profitable given that you have sufficient patience to wait for the recovery which I don't see happening this year.

Let's just hope it doesn't for the sake of those that are shorting btc and miners. It's really hard to make any expectations  after we got to this year's all time low during the 4th quarter. What happened was against most people's bet.

With long term supports being broken now there is a big possibility that the 3000$ mark will also be broken down but it still up to BTC if it will recover now at some point during this levels. Bitcoin right now really looks extremely bearish without any signs that it will have a reversal soon so I doubt that  BTC can hold the levels around 4,000$ anymore and we will most likely revisit the 3,000$ level.

It is not going to below $3000 because the price will rise soon and today the price of bitcoin is around $4400. What ever the reason of falling down it is not the reason why we keep saying that bitcoin will go down. Just think of it if the price of bitcoin will go down we can't know if some people will keep on investing so just believe that the price will not go down again.

Yes, it does and has been subsequently moved to the speculation section, credits to the moderator.
The market is highly volatile these days and that’s what I am concerned about!


What happened in the last 7 days has already given me heebie jeebies and somehow the ‘temporary corrections’ accrued through Nasdaq rallying behind NYSE to facilitate Bitcoin futures which might as well be derived from Singapore’s premier stock exchange SIX launching Bitcoin ETP along with an added flavor of the demand for crypto among traditional investors, or several states and countries coming together to find a suitable place for crypto in their daily mathematics such as Ohio, Paraguay, Nigeria and many more in the past 7 days.

Alas we forget the groundbreaking deal of BBVA and Santander banks shaking hands with European Union or earlier when international charity firm Oxfam linked Cambodian rice to blockchain for the welfare of farmers and if that’s not enough for bitcoin’s growing footprints in daily life then we all know how Ron Paul’s survey played out on Twitter.


After market plummeting, on this poll itself, almost 70% people don’t feel like even speculating the speculable, so maybe crypto community is more or less likely to fall with the fall and rise with the same.

But, if we are to look at loans collateralized using bitcoin or altcoins, or govt coming out in open to accept cryptocurrency as regular tradable and ‘taxable’ commodities then it must mean that sentiment for crypto is closing fast.
So, what if we are to say the next we see is fiat bonds with crypto custody which is already the case with many big players then we may need to pick sides at the end of the day, but I’m still unsure to fully understand how long will it take for crypto market to finally initiate into maturity period.

Which, at the same time, I’m not looking very forward to, as it might take away volatility from bitcoin or crypto at large, forever.
For now bitcoin is as authoritarian as USD when compared with other currencies but 10 years from now, USD is not something I’m placing my bets on.


You say rise to $1000000 or fall to $20 but with widespread adoption that might not exactly be the case, as altcoins can surely obstruct the path for bitcoin to be the conglomerate in the future like it is today.

And, if the vulnerabilities in code is to be nitpicked for any exchange or wallet provider, then my friend, pack your bags, say your last goodbyes, war is over.



So, it probably isn’t just you that bitcoin has better chances to rise than fall, it’s the same with everybody.
Despite the present FUD and FOMO, as they were the reason at first place which brought everyone to listen intently to the becoming of such phenomena so that we be able to even talk about it.
Because somehow every adversity is also an adrenaline rush for some, and
please no need to mention Craig Wright as he can bask in the glory of Satoshi right now but how long will he be able to keep the allegations of blockchain reorganization and market mosh pit at the helm?

So, anyway, I think bitcoin is sorta like Batman, hunted now, loved tomorrow and renounced the very next day onwards.

Yes.

The main reason? Craig Wright.

If bitcoin was really "the coin of crime", as some media outlets like to portray, he was already dead.

Yes, keep an eye on it and don't remove that instance that bitcoin may go below $3,000. But for this moment, I don't want to be a pessimistic person due to the fact that we're starting to get some boost up.

Definitely, no need for any reason to hit at that price again because if it feels that it will be there, it will happen.

yes, the price of bitcoin can fall to the price of $ 3k. the reason is that many beginner investors panic because they see the price of bitcoin continuing to fall.

There's no need for a reason for it to hit that price level. All it needs to do is feel like hitting that price level and it will.

If it was to hit it I'd say the most likely time is January. That's always been a really crappy month traditionally. If it gets past the start of the year without reaching that low then just maybe we're in the clear. I ain't holding me breath though.

Now, according to CoinMarketCap, Bitcoin costs $ 4,357, although a couple of hours ago it was worth $ 4337. The price of bitcoin is growing before our eyes, and this is good news. Therefore, it is possible that in December we will still be able to see a good bull cryptocurrency market. We hope that this will happen. All have long been waiting for this moment and in many patience is running out.

It's definitely still possible. I might even call it likely.

A bounce was definitely on the cards. Unfortunately, leveraged longs have only risen on Bitfinex since the crash began, implying that capitulation hasn't occurred yet. After the momentum from this relief rally fades, I think we'll see bears make another push.

Chances are always there. Even as we speak there are chances that it will goes below $3,000. Make sense. Main reason for that will just be known once it will reached $3,000 or should I say, just some factors that can we looked on as a reason.

Rather than thinking of that unpredictable scenario, just do some ways how to take advantage of the current trend. Why did you asked for that? What are your plans? What are you thinking? Did you just make this thread out of nothing?

All analyzations here will just remained speculation until it happened. So in this case, try to analyzed on your own.

The only reason will be that there will be more supply then demand at prices over $3000. So that will move price under $3000.

We can expect a retest (aka bulltrap) so $3k is possible.
A retest or bulltrap is due to a small group of investors trying to keep the trend bearish (downwards).
Some investors bet on a negative trend and make money (going short).
Some investors push down the price to get people to follow and then they buy back big at lower prices (dump&pump).


Sub-$3k will only happen if something fundamental like MtGox's lost coins, happens.
I think chances are  small that we will go <$3k. However everything is possible...

And for today its >$4000 !

I am sure that $ 3700 is the lowest value of bitcoin, I have no reason to point out that bitcoin will not go down again, I just see this sales period has expired and it's time for Bitcoin to rise from adversity

It is possible but unlikely. After bitcoin went to 1k, it went down to 200 for some considerable time, so (proportionally) after heights of 20k it may go down to 4k (we are currently seeing that happening) and stay there for some time, but I don't think it will go lower than that.

never say never in crypto (i said 5100 on the table before the dumb but most of people thought 6000 was unbreakable). so yes its possible but i dont see any reason to go 3000 or below.

Looking at the time, I am sure it will not happen (down below $ 3000) and will start to rise, the trend of the time is that bitcoin will rise in the last year and I believe in mid-December this Bitcoin will return good