Topic: Will Bitcoin go below 6K? - page 20. (Read 16079 times)
The price of bitcoin has showed a big decreasing in the last 24 hours, and it is going $6k now. I think it can go lower than 6k, but for me, it would be just a good buying opportunity.
Yes it is very likely that it could go to the mid 4Ks or the low 5Ks in the short term given the prevailing sentiment. Maybe even into 1k-2k territory in the mid term. And it, in fact, has gone below 6k today on binance. However, this isn't to surprising given how markets have been performing and frankly seems like the normal course of action for it to take in order to be stronger in the long term.
Chances of reaching below 6000$ is possible with the current situation of the market but due to panic the price even go below 6000$ but still, now the price didn't went below the 6000$. The situation of the market making us to think like that.
The market cap is approaching 250 billion which was the all time low this year in february, it is unlikely we get past that level. People who have not sold yet eon’t sell now when the market is oversild, rather move back in the market, especially people with experience or some extra funds sitting in FIAT. The other reason it is unlikely to go lower from here is Bitcoin and the costs associated with mining it. Currently these costs come down to roughly 6k unless you live in a country where electricity is super cheap. So I am very confident we will see a sharp upward move from where we are.
There are 2 types of whales!
Those that ride the market and sell a few a coins occasionally and whales that are working with others to manipulate this market. Those that manipulate are smart and work with entities that provide no paper trail. They can make money in a bear or a bull market!
My opinion is the market will go down based on my research!
My opinion might change if a white knight whale comes into play and pushes the market over 7777USD!
There is one (maybe cartel) trying but all attempts are being squashed by the bear camp! The bears could be overpowered...wait and see.
If you are a retail investor you are a sitting duck if you have chosen the wrong direction.
Your loss is their gain!
There is the possibility of Bitcoin going down to even $2000 at some point, which will be terrible. But what is a general consensus is that at a certain point the coin will make an outstanding rebound one that is similar to last year. In recent days we have had some negative news but it is expected. The digital currency revolution is a pointer to what future looks like and the fact that such a future will be experienced by everyone. Those that ride the market and sell a few a coins occasionally and whales that are working with others to manipulate this market. Those that manipulate are smart and work with entities that provide no paper trail. They can make money in a bear or a bull market!
My opinion is the market will go down based on my research!
My opinion might change if a white knight whale comes into play and pushes the market over 7777USD!
There is one (maybe cartel) trying but all attempts are being squashed by the bear camp! The bears could be overpowered...wait and see.
If you are a retail investor you are a sitting duck if you have chosen the wrong direction.
Your loss is their gain!
Maybe, the market is constantly falling and no one can predict the trend of altcoin development, maybe this price will collapse to under $ 6000. And at that time, many people will give up BTC because they are too risky.
If it happens, it will frustrate me a lot. I am waiting for the growth of Bitcoin prices. Last winter, December-January was the coolest time for the cryptos. probably, it will come back.
The longer the arrow is pulled away, the farther away it will go. This may be the end of the imagination and you can imagine these prices.
If this could happen, maybe i could top up a little bit of my bitcoin portfolio., but i hope it would happen for a short period of time, and return back to original position., because the rest of the altcoins has been affected with the massive downfall of bitcoin prices. Since i am a long term investor, i never care too much about the market prices, what i wanted this time is that i need to top up all the time my investments, so that in the next few years to come, hoping that my coins would gain so much profit.
Below 6k dollar or maybe lower will come true if the bad news is coming all the time. This is happen recently and good news has not good impact.
I never wanted to see a situation where Bitcoin go below 6000 USD but the current situations indicate that such probability can happen anytime soon as Bitcoin was as low to 6006 USD today and one more bad news and Bitcoin might fall very badly which may then take weeks to recover back to reach 10k+ USD. So, observing the current situations one can easily speculate that we are very near to 6000 USD mark and this is not the time to sell your coins instead hold against the market flow.
I have checked coinmarketcap and coinbase with regards to bitcoin's deepest market value since it went down to 6,000$ mark again. But to my surprise, it didn't touched the 5,000$ mark again. I believe this will be the deepest market price of bitcoin this month and it's a good timing for me to buy some of it.
I think Bitcoin is going to go down to at least $5800. Heck, it may even go down to $5000 before going up again.
I do not think the bitcoin will slip above the 6k threshold at this critical stage. Market capitalization has down rapidly in the last two days. ~ 30 billion. But compared to the altcoin, bitcoin remained at the "psychological" level and support. 5k9 and come back very quickly. I think the market will be positive next week.
the price will definitely fall below $ 6000. I'm just interested just one question, how long the market will be so low!
The price of bitcoin is nearly $6000 now. Although I think this price is totally usual, I really want to see its price high again, because holding is getting really boring gradually.
If it is going to go below 6K I wish it would do it now so we can understand if this market is going to hell!
I do not exclude anything, of course there is some optimism about this, but the real situation is just shouting to us to stop, let the market rest and not steadily go down. Yes, and an investor would be nice to see a small light in this dark world, let's see how the third quarter for the entire crypto-currency system will end.
Yes I suspect bitcoin is rehearsing to dip back to the price of 5000 USD and is going to be a major blow to the holders of bitcoin who refuse to let it go since it started fallen from 19000 usd
it will not be possible that it is from the start bitcoin present until now the price is very down but it will not be possible so far that many media mention that indeed the price reduction is driven by several factors but do not worry because the end of the year prices will improve.
yup, I can see $5000 will happen anytime this year but this can be good to shake up weak hand, lose interest for scammer and make pnd group leave cryptoworld..that's kinda ideal bright side if we have that dip ..lol
We can fall to the previous level of 5800, but I do not think that a strong fall is possible below 5000, the price should not fall below the price of profitability of mining.
Ser, did I understand you correctly that at a price of $ 5000, mining would not be profitable? For ETH, is the price equal to $ 300? So the bottom is already close? 
To me it feels like we are shaking out the last of the weak hands before we rocket up. I could be entirely wrong as I don't dabble with TA, but I have a hard time believing the predictions of 1k Bitcoin. It wouldn't be the end of the world, but if that did happen then from December the outlook would certainly be much bleaker.
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