Will Bitcoin go lower than 2k? - page 4.

Siren

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Quote from: TheBlock on December 07, 2018, 03:14:58 AM

https://www.coindesk.com/when-bitcoins-price-breaks-down-it-follows-a-pattern

Says that BTC might go down less than 2k is this possible and how fast will it go up?

I also saw that the ETF decision was postponed how long time do you guys think it will take for them to conclude a decision?

Would you mind telling us what concerns you about the price of bitcoin to go deep fall below $2k?are you going to buy another volume?or just being curious for nothing?if does i am gonna tell that this is not helping

I don’t care if bitcoin falls to $100 because i know that this will recover in the future,though it may take long but i am sure it will happen

btc_angela

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We've almost touch <$3K, but the good thing is that we have strong support at $3K levels that's why the price didn't move further down because it will be really a disaster for everyone an we could even see the price go lower than $2K. But for now, it looks like the bears are really exhausted with all of their dumping. So let's just hope that we could at least see the price above $3K at the end of the year and be optimistic in 2019 and hope that we can finally see the a new bullish cycle.

basty03

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0x1b2d294ab6ca449e34F946B86540cd342cF49100

Many people speculate it that bitcoin will go down to 2k price but I think if that happen it will pump again and it will be back on track again. Let's dint lose our Hope's and be positive that bull run will come soon.

exstasie

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Quote from: pabpete on December 14, 2018, 08:23:18 PM

As a rule, at the end of every year we observe increases in cryptocurrency prices, but not many things is repeated in this market. I hope that the price of Bitcoin will never fall below $ 2,000, but unfortunately the information from the world is not good. I keep my fingers crossed so that the price does not drop anymore.

That's not a rule. The market has seen some bearish Decembers, like 2013 and 2014. That might be relevant here, considering how much the current chart looks like late 2014.

I've got mixed feelings here. On one hand, sentiment (including my own) is really bearish and we're hovering above major technical support. On the other hand, sometimes BTC just bleeds until capitulation.

rickadone

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Quote from: TheBlock on December 07, 2018, 03:14:58 AM

https://www.coindesk.com/when-bitcoins-price-breaks-down-it-follows-a-pattern

Says that BTC might go down less than 2k is this possible and how fast will it go up?

I also saw that the ETF decision was postponed how long time do you guys think it will take for them to conclude a decision?

It would be really difficult to reach there but at this point I wouldn't be shocked with any price. We didn't believe bitcoin would drop anything below 5.8 thousand dollars neither but here we are at 3 thousand dollars or so and people are afraid of another drop in the price, hence I doubt it would be a shock to anyone if the price went down under 2 thousand dollars.

I don't think it will drop there, I believe it will go above these prices eventually but just because I think price will go higher doesn't mean it won't go lower first. If it goes lower than there is really nothing stopping it going under 2 thousand neither, no difference than going under 3 thousand which it looks so close. It all depends on a big huge sell off by someone who owns a lot of bitcoins.

gabmen

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Quote from: pabpete on December 14, 2018, 08:23:18 PM

As a rule, at the end of every year we observe increases in cryptocurrency prices, but not many things is repeated in this market. I hope that the price of Bitcoin will never fall below $ 2,000, but unfortunately the information from the world is not good. I keep my fingers crossed so that the price does not drop anymore.

Unfortunately we can only hope. The price is still dropping though and we've come close to 3k today. That's more than half the value a month ago when btc was steadily hovering around 6.5k. It's going to be a big problem for short term traders if it does go below 2k

Dr.Osh

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Quote from: pabpete on December 14, 2018, 08:23:18 PM

As a rule, at the end of every year we observe increases in cryptocurrency prices, but not many things is repeated in this market. I hope that the price of Bitcoin will never fall below $ 2,000, but unfortunately the information from the world is not good. I keep my fingers crossed so that the price does not drop anymore.

I also have the same hope. well, but the current price is really close to that price. even though we still think positively, we must really prepare for this. well, it can be said that the decline in prices hasn't ended.

pabpete

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As a rule, at the end of every year we observe increases in cryptocurrency prices, but not many things is repeated in this market. I hope that the price of Bitcoin will never fall below $ 2,000, but unfortunately the information from the world is not good. I keep my fingers crossed so that the price does not drop anymore.

Coin-1

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Quote from: Tr0p1k on December 07, 2018, 04:13:32 AM

Old crypto investors are out of the game most of them are already millionaire..

New crypto investors who jumped in after the summer 2017 are locked with there money in coins.

If they have no more money to buy and can't create a new mass of buyers then the price will go down more than $2000 for sure.

There is much money needed to pump the price up.

It seems that these old crypto investors have exchanged BTC coins which were bought for a cheap price a years ago into alternative coins in order to conveniently sell crypto assets for fiat currencies.

Perhaps old crypto currency holders invest in some ICO campaigns with the purpose to cash out their tokens purchased for BTC coins mined long ago.

Quote from: Tr0p1k on December 07, 2018, 04:13:32 AM

Much money is out of crypto.. More then $700 billion dollar is taken by old crypto investors. These guys will not look back they are enjoying there life.

Do not take into account the total capitalization of crypto currencies that is shown on the website CoinMarketCap. The volume of sold coins is much less than 700 billion USD.

I do not want Bitcoin to go lower than $2000, but it is possible.

jadenunderhill

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Quote from: hahay on December 14, 2018, 05:52:40 PM

It seems very likely that there are even predictions that say the price of bitcoin will be $1.2k nobody will know, so ahead of Christmas and New Year there will be massive sales that will make bitcoin prices continue to decline, there is no sign of increasing this year can only expect big changes towards a more positive next year.

I think that NY or Christmas will not influence BTC price. Everybody (I mean individuals) who wanted to sell already did it or are doing it right now. Now some institutional players are capitulating. So it not depends on holidays. This sell off will continue for a week. But yes, price will go lower. 2 800 is my prediction to the December 31.

bitcoin31

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It is not good to see lower 2k dollars. Better this time the price to become stable which us more than 3000 dollars and not to decrease anymore. But incase the price decrease very low better to us if we buy more.

hahay

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It seems very likely that there are even predictions that say the price of bitcoin will be $1.2k nobody will know, so ahead of Christmas and New Year there will be massive sales that will make bitcoin prices continue to decline, there is no sign of increasing this year can only expect big changes towards a more positive next year.

BartS

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Quote from: TheBlock on December 07, 2018, 03:14:58 AM

https://www.coindesk.com/when-bitcoins-price-breaks-down-it-follows-a-pattern

Says that BTC might go down less than 2k is this possible and how fast will it go up?

I also saw that the ETF decision was postponed how long time do you guys think it will take for them to conclude a decision?

With the huge volatility in the market no movement can be discarded but it seems that for the time being the price of bitcoin will remain above 3000, we will need to see another sell off but this is getting harder as the weak hands and those that panic easily have left the market already and most of those that remain are people like us that are going to hold our coins no matter what and that are not interested to sell in the short term and lose our money that way.

KorakPawon

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Quote from: TheBlock on December 07, 2018, 03:14:58 AM

https://www.coindesk.com/when-bitcoins-price-breaks-down-it-follows-a-pattern

Says that BTC might go down less than 2k is this possible and how fast will it go up?

I also saw that the ETF decision was postponed how long time do you guys think it will take for them to conclude a decision?

It might be, but the probability is low, bitcoin can overcome the bad situation and it won't touch that rate of price as long as the supply and demand still working. So, it means that people still have to believe and hold, or at least make a move on their coins in order to keep the system of crypto existence stable, along with the price, the market, the supply or demand.

Bitcoinwaist

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Quote from: WinslowIII on December 11, 2018, 12:11:50 PM

Quote from: Bitcoinwaist on December 11, 2018, 07:23:45 AM

we are at the mercy of the whales guys. they call the shots, always have and always will. all the exchanges are all just as corrupt for letting this behavior continue.

Bullshit, this is not whale manipulation. This is simply more supply than demand, that is all. People are free to dump their coins on the market at will and that's exactly what's happening.

you are very naive if you think that bitcoin price is purely determined by supply and demand especially in bitcoin or crypto. the miniscule amounts of bitcoin that the general public buys are or sells means absolutely NOTHING. your buy/sale of 1 or 10 or 50 bitcoins means nothing when you are talking about whales with 10's of thousands of coins at their disposal. if they have an agenda to dump the price or pump your buy/sale isnt going to get in their way. another way to look at it is on bitstamp for example, the total amount of coins on that exchange at any given time could be 20k coins trading back and forth between bots. there is a FINITE number of coins on each market. well if a whale owns 50% of those coins guess what? he determines where the price goes and the others who have 10 coins or 50 coins ride their coattails.
We are at a poker table and the whales have all the chips. They determine the price. Just like wall street, the institutions make the price. it has to look fair or come across as fair or no one would play.

aris av

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Decreasing bitcoin at a price of 2k and even lower than 2k can happen because the value of bitcoin is not stable. But even though it falls low, but Bitcoin also has the hope of getting up and jumping, there's no need to panic, keep holding and keep calm.

Dodoymabs

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It's quite possible because nothing knows about the behavior of this coin. We still didn't see any signs of bounce back and as of the moment, it has been stable. Lots of crypto users have been worrying about this scenario because probably they have invested from the moment the price is high. Still the question remains to be unpredictable and the question is "can we handle the pressure?".

Golftech

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Quote from: Dr.Osh on December 12, 2018, 10:32:06 PM

maybe, when the price is dumped again, I think the price will be in the area of $ 2k. but, it seems like prices are starting to stabilize again. it's only a matter of time until the price of bitcoin starts to rise again. maybe when the price of bitcoin rises, the price will be above $ 4k, but if it decreases, I think it will be at $ 2k and no more.

We are all waiting each time some movements happen to the entire market, we can't forecast the right directions that easily things needs to consider and just in case he value will drop to that level another opportunities for bagholders to buy and accumulate more cheap coins and wit for a while before pumping it back to their desire amount.

arpon11

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Quote from: TheBlock on December 07, 2018, 03:14:58 AM

https://www.coindesk.com/when-bitcoins-price-breaks-down-it-follows-a-pattern

Says that BTC might go down less than 2k is this possible and how fast will it go up?

I also saw that the ETF decision was postponed how long time do you guys think it will take for them to conclude a decision?

The reality about life is that everything is possible. Having that rule out then we should look at the nature of cryptocurrencies and bitcoin in particular and how it price has been behaving. Cryptocurrencies market is highly volatile and bitcoin can get to $2000 from the current price in just a day. However, it is also very possible that bitcoin should recover from it current state and resolve in a very high upwards movement in a day and more market capitals in just a day. Trading cryptocurrencies market is very risky and making money from it is also very risky and that is why bitcoin should not be trading without carefulness.

exstasie

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Quote from: mikeywith on December 12, 2018, 07:56:33 PM

as an overall analysis of this current bear trend, the most support that makes sense is the high of 2014 which is 1100$ , the second option is 2700$. there support from 2700 to 1100 is rather weak and i do not it has any technical or physiological reasons for a rebound from there, also there is a very good chance we remain in a side way market from 1 to 4k for another whole year before moving any higher. so be prepared for the worst.

There's a chance. I'm not sure it's a good chance. I'll wait to see if the $3K area fails. That was my ultimate target for this bear market many months ago, and I think it's as valid today as it was then. It's difficult to say where support lies below there, since there aren't many tested support levels until you reach the $1,300s and $1,100s.

One thing to remember is that markets love filling gaps. It won't necessarily go to a clear support level.

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