Will Bitcoin Price Actually Drop? When?

cpfreeplz

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Quote from: rokkyroad on January 04, 2017, 12:48:53 PM

Quote

That is very true, but would you agree that bitcoin is more stable compared to the last drop in price?

I agree except for recent hours where it exhibits classic pump characteristics.

Quote

The HLODers are also "stronger" this time around because of everything they have been through.

Exactly. People learn from their mistakes. I know I did.

The bitcoin/gold analogy is accurate. Despite bitcoin's lack of acceptance and usage it thrives as a store of value.

I use bitcoins exclusively for a store of value and I bought back when they were 200-600 each so I mean, I'm not too worried if there's a correction at this point. I'm in for the long haul. I think if a lot of people don't get burned from a huge dump then we should have a lot of newcomers this time around. That'll help sustain the higher price. The mainstream media is definitely reporting this at this point so we're getting more greedy people interested too that are really too late to the game but hey, another few hundred added to each bitcoin is fine with me.

Taki

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Quote from: bajing on January 04, 2017, 10:01:35 AM

No, I'm sure there are some bitcoin holders have sold their bitcoin, when bitcoin prices back to $ 1,000. and I am also quite sure that when the price is above $ 1000 all merchants bitcoin think about the risks they face when buying bitcoin at this time.

Yes it is obvious factor of the price falling when people don't wish to skip their chance to catch the high price. And withdrawing money on 1000$ point seems normal to me. I think now the price will jumping around this price for some pretty long time. Till some new strong factor will not make the price to rise constantly or to fall to some low price.

rokkyroad

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Quote

That is very true, but would you agree that bitcoin is more stable compared to the last drop in price?

I agree except for recent hours where it exhibits classic pump characteristics.

Quote

The HLODers are also "stronger" this time around because of everything they have been through.

Exactly. People learn from their mistakes. I know I did.

The bitcoin/gold analogy is accurate. Despite bitcoin's lack of acceptance and usage it thrives as a store of value.

Dr.Osh

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Well, maybe it will happen, but I feel that it is still very long, or maybe drop a small amount. I'm sure people today think that bitcoin prices would definitely go up, so then they started to buy or invest the money they have to dalma bitcoin shape, and it would also make bitcoin prices remained stable or increased. so, I think the current price of bitcoin has not shown signs to drop.

popovicbit

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Quote from: Sweeet on January 04, 2017, 03:34:26 AM

Quote from: rokkyroad on January 03, 2017, 10:47:34 PM

Quote from: popovicbit on January 03, 2017, 06:57:54 PM

In the last 3 months:

Has there been any new technology/business that has made BTC easier to buy? NO

Has there been any new technology/business that has made BTC easier to understand? NO

Has there been any new technology/business that has made BTC easier to use? NO

I believe this run up is inflated and the price will drop soon enough. It might take a while because of the recent press, which will bring some new buyers, but I don't see any logical reason for the run up.

And do not come back with "it's supply and demand". So is a penny stock supply and demand?

I am a HLODer for the long term, but don't see these price movements reflect anything going on in the real world.

Well said.

One thing we can expect from bitcoin is the unexpected.

That is very true, but would you agree that bitcoin is more stable compared to the last drop in price?

Yes. I would agree. I don't expect it to drop to 500, but you never know with BTC. The snowball effect works both ways...going up and down. When the price was 200-300 a few years ago, every thread on this board read "when will btc go up?" "will we every see 600,700,800" "can it drop to under 100". The opposite is going on now.

The HLODers are also "stronger" this time around because of everything they have been through. This will keep the price more stable and the fact that people will buy back in like crazy if it gets to 800, myself included.

bajing

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No, I'm sure there are some bitcoin holders have sold their bitcoin, when bitcoin prices back to $ 1,000. and I am also quite sure that when the price is above $ 1000 all merchants bitcoin think about the risks they face when buying bitcoin at this time.

Sweeet

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Quote from: rokkyroad on January 03, 2017, 10:47:34 PM

Quote from: popovicbit on January 03, 2017, 06:57:54 PM

In the last 3 months:

Has there been any new technology/business that has made BTC easier to buy? NO

Has there been any new technology/business that has made BTC easier to understand? NO

Has there been any new technology/business that has made BTC easier to use? NO

I believe this run up is inflated and the price will drop soon enough. It might take a while because of the recent press, which will bring some new buyers, but I don't see any logical reason for the run up.

And do not come back with "it's supply and demand". So is a penny stock supply and demand?

I am a HLODer for the long term, but don't see these price movements reflect anything going on in the real world.

Well said.

One thing we can expect from bitcoin is the unexpected.

That is very true, but would you agree that bitcoin is more stable compared to the last drop in price?

rokkyroad

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Quote from: popovicbit on January 03, 2017, 06:57:54 PM

In the last 3 months:

Has there been any new technology/business that has made BTC easier to buy? NO

Has there been any new technology/business that has made BTC easier to understand? NO

Has there been any new technology/business that has made BTC easier to use? NO

I believe this run up is inflated and the price will drop soon enough. It might take a while because of the recent press, which will bring some new buyers, but I don't see any logical reason for the run up.

And do not come back with "it's supply and demand". So is a penny stock supply and demand?

I am a HLODer for the long term, but don't see these price movements reflect anything going on in the real world.

Well said.

One thing we can expect from bitcoin is the unexpected.

deadsilent

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Quote from: Sweeet on January 02, 2017, 11:52:19 AM

Do you think that the Bitcoin price will really drop this time? I think there are many businesses and people who will not sell all their bitcoin as the price goes up, and will continue to buy bitcoin regardless of the price. Personally I will not be planning on selling my bitcoins accordingly to a price drop, and will continue to buy bitcoin. I think that bitcoin is a lot more stable than it was in 2013-2014 when the first big drop happened. Previously the price was extremely rocky, and now the price seems much more stable. What do you think will happen?

Bitcoin is more stable right now and keeps getting better and better. Our only problems are exchanges. Those can trigger droppage of price. Look at Bitfinex and poliniex. The price of bitcoin is really nice before the hacking incident happen. Exchanges are prone to hacking and its a serious threat to bitcoin price.

harizen

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Quote from: Sweeet on January 02, 2017, 11:52:19 AM

Do you think that the Bitcoin price will really drop this time? I think there are many businesses and people who will not sell all their bitcoin as the price goes up, and will continue to buy bitcoin regardless of the price. Personally I will not be planning on selling my bitcoins accordingly to a price drop, and will continue to buy bitcoin. I think that bitcoin is a lot more stable than it was in 2013-2014 when the first big drop happened. Previously the price was extremely rocky, and now the price seems much more stable. What do you think will happen?

Do I think that bitcoin price will drop this time? Yes and if happen that is just a normal scene if no bad events will happen that can spoiled the current trend. And for the record, the price decrease that will happen is not that much, meaning we can see some bottom at above $900. I don't believe on a trend back then 2014 or 2015 as a basis for what will happen in the bitcoin today.

Take note that, past performance can't guarantee future results.

popovicbit

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In the last 3 months:

Has there been any new technology/business that has made BTC easier to buy? NO

Has there been any new technology/business that has made BTC easier to understand? NO

Has there been any new technology/business that has made BTC easier to use? NO

I believe this run up is inflated and the price will drop soon enough. It might take a while because of the recent press, which will bring some new buyers, but I don't see any logical reason for the run up.

And do not come back with "it's supply and demand". So is a penny stock supply and demand?

I am a HLODer for the long term, but don't see these price movements reflect anything going on in the real world.

Tanic

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I am sure that one day the price will fall. It's bitcoin's nature to have so not stable price. But I really doubt that we will see 400-500$ per 1 BTC ever again, even after some nigh hacking.

cpfreeplz

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There will be a new all time low of $830 on July 5th, 2017 but after that we'll stay above the $1000 mark, upwards of $1450 by the end of the year.

Source: I travelled to the future and asked a monkey. I couldn't understand a word he was saying but I think through monkey sign language I got the gist of what he was saying. Let's see how the prediction goes!!

richardsNY

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Quote from: kwukduck on January 02, 2017, 07:21:26 PM

Quote from: richardsNY on January 02, 2017, 07:10:38 PM

Quote from: tiggytomb on January 02, 2017, 06:56:55 PM

It will drop as it always does but I think / hope that it drops too $900 or $800 at the lowest, I think this time around we see a much more stable and slightly more experienced coin.

If no major hacks or other similar things happen as has been the case in recent years, then I don't see any reasons for the price to drop below the $800 level. But I too believe in a correction to happen any time soon. We can't keep up supporting these levels as the pressure is building up with the day. It just takes a few large traders to cash out to trigger others to follow them with dumping. Better have some fiat ready to buy back in case you secured profits.

You see nobreason for it to drop? Are you delusional?
The protocol is fundamentally flawed.
There is barely any support until around $500.
The exchanges have likely been hacked or more likely been infiltrated to make this possible.
We are set up perfectly to drop down hard. $500 here we come.
And with all the fear happening then we will probably fall even lower go back to the 200-300 range again as we've seen before after we all got played by the manipulators and hypers.

No one takes your fud serious, so quit wasting your time convincing newbies that Bitcoin is flawed. Either go away and don't come back to this "flawed" protocol, or stay here and shut your mouth. The only thing you do is making a fool out of yourself. What does it say about you that no matter how "flawed" the protocol according to you is, that you still haven't left Bitcoin for good. Tell me....

Herbert2020

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Quote from: unknown04 on January 02, 2017, 08:45:07 PM

Quote from: kwukduck on January 02, 2017, 07:21:26 PM

Quote from: richardsNY on January 02, 2017, 07:10:38 PM

Quote from: tiggytomb on January 02, 2017, 06:56:55 PM

It will drop as it always does but I think / hope that it drops too $900 or $800 at the lowest, I think this time around we see a much more stable and slightly more experienced coin.

If no major hacks or other similar things happen as has been the case in recent years, then I don't see any reasons for the price to drop below the $800 level. But I too believe in a correction to happen any time soon. We can't keep up supporting these levels as the pressure is building up with the day. It just takes a few large traders to cash out to trigger others to follow them with dumping. Better have some fiat ready to buy back in case you secured profits.

You see nobreason for it to drop? Are you delusional?
The protocol is fundamentally flawed.
There is barely any support until around $500.
The exchanges have likely been hacked or more likely been infiltrated to make this possible.
We are set up perfectly to drop down hard. $500 here we come.
And with all the fear happening then we will probably fall even lower go back to the 200-300 range again as we've seen before after we all got played by the manipulators and hypers.

I bet ure those fat fuckers sitting at home basement get jealous of everything on the internet in front of your PC.... why do u even have a bitcoin address on your signature. maybe you can quit coming to this forum since u believe bitcoin is flawed and not going anywhere. You sound very stupid on every post u made.

i have had that theory too but i no longer believe it. i think he must be getting paid to do this, because there is no other reasonable explanation for this, i have been seeing the same comment out of him for the past 2 years that i am on bitcointalk and even troll get tired at some point but not if they are getting paid to spread FUD.

BitcoinBarrel

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quake313

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Quote from: kwukduck on January 02, 2017, 07:21:26 PM

Quote from: richardsNY on January 02, 2017, 07:10:38 PM

Quote from: tiggytomb on January 02, 2017, 06:56:55 PM

It will drop as it always does but I think / hope that it drops too $900 or $800 at the lowest, I think this time around we see a much more stable and slightly more experienced coin.

If no major hacks or other similar things happen as has been the case in recent years, then I don't see any reasons for the price to drop below the $800 level. But I too believe in a correction to happen any time soon. We can't keep up supporting these levels as the pressure is building up with the day. It just takes a few large traders to cash out to trigger others to follow them with dumping. Better have some fiat ready to buy back in case you secured profits.

You see nobreason for it to drop? Are you delusional?
The protocol is fundamentally flawed.
There is barely any support until around $500.
The exchanges have likely been hacked or more likely been infiltrated to make this possible.
We are set up perfectly to drop down hard. $500 here we come.
And with all the fear happening then we will probably fall even lower go back to the 200-300 range again as we've seen before after we all got played by the manipulators and hypers.

All you do is QUACK and FUD about Bitcoin going to $0 even though it has gone $1000+. At least you could wait until a dip happens to post more trolling.

Stay classy kwukduck!

unknown04

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Quote from: kwukduck on January 02, 2017, 07:21:26 PM

Quote from: richardsNY on January 02, 2017, 07:10:38 PM

Quote from: tiggytomb on January 02, 2017, 06:56:55 PM

It will drop as it always does but I think / hope that it drops too $900 or $800 at the lowest, I think this time around we see a much more stable and slightly more experienced coin.

If no major hacks or other similar things happen as has been the case in recent years, then I don't see any reasons for the price to drop below the $800 level. But I too believe in a correction to happen any time soon. We can't keep up supporting these levels as the pressure is building up with the day. It just takes a few large traders to cash out to trigger others to follow them with dumping. Better have some fiat ready to buy back in case you secured profits.

You see nobreason for it to drop? Are you delusional?
The protocol is fundamentally flawed.
There is barely any support until around $500.
The exchanges have likely been hacked or more likely been infiltrated to make this possible.
We are set up perfectly to drop down hard. $500 here we come.
And with all the fear happening then we will probably fall even lower go back to the 200-300 range again as we've seen before after we all got played by the manipulators and hypers.

I bet ure those fat fuckers sitting at home basement get jealous of everything on the internet in front of your PC.... why do u even have a bitcoin address on your signature. maybe you can quit coming to this forum since u believe bitcoin is flawed and not going anywhere. You sound very stupid on every post u made.

PseudoCode

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Quote from: kwukduck on January 02, 2017, 07:21:26 PM

You see nobreason for it to drop? Are you delusional?
The protocol is fundamentally flawed.
There is barely any support until around $500.
The exchanges have likely been hacked or more likely been infiltrated to make this possible.
We are set up perfectly to drop down hard. $500 here we come.
And with all the fear happening then we will probably fall even lower go back to the 200-300 range again as we've seen before after we all got played by the manipulators and hypers.

Hahaha.. sounding a bit desperate there Kwucky..

Delusional ? Pot, meet Kettle.. Hows those "get rich shorts" going for you ?
Hit your "$180 any day now" that you claimed 6 months ago yet ?

"Protocol is fundamentally flawed" - Entertaining coming from someone who was asking for coders to help him make his own "BetterCoin" a little while ago..
You clearly are very *not qualified to judge a protocol that has survived the worst the internet can throw at it for years..
I think you have "protocol" and "proctology" confused, which is understandable for a person with his head in your position.

"Hacked and Infiltrated exchanges, Fear, manipulators, hypers, perfect setup for a hard drop."
Did someone pull your string again ?

kwukduck

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Quote from: richardsNY on January 02, 2017, 07:10:38 PM

Quote from: tiggytomb on January 02, 2017, 06:56:55 PM

It will drop as it always does but I think / hope that it drops too $900 or $800 at the lowest, I think this time around we see a much more stable and slightly more experienced coin.

If no major hacks or other similar things happen as has been the case in recent years, then I don't see any reasons for the price to drop below the $800 level. But I too believe in a correction to happen any time soon. We can't keep up supporting these levels as the pressure is building up with the day. It just takes a few large traders to cash out to trigger others to follow them with dumping. Better have some fiat ready to buy back in case you secured profits.

You see nobreason for it to drop? Are you delusional?
The protocol is fundamentally flawed.
There is barely any support until around $500.
The exchanges have likely been hacked or more likely been infiltrated to make this possible.
We are set up perfectly to drop down hard. $500 here we come.
And with all the fear happening then we will probably fall even lower go back to the 200-300 range again as we've seen before after we all got played by the manipulators and hypers.

richardsNY

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Quote from: tiggytomb on January 02, 2017, 06:56:55 PM

It will drop as it always does but I think / hope that it drops too $900 or $800 at the lowest, I think this time around we see a much more stable and slightly more experienced coin.

If no major hacks or other similar things happen as has been the case in recent years, then I don't see any reasons for the price to drop below the $800 level. But I too believe in a correction to happen any time soon. We can't keep up supporting these levels as the pressure is building up with the day. It just takes a few large traders to cash out to trigger others to follow them with dumping. Better have some fiat ready to buy back in case you secured profits.

Skarner21

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Massive price drop coming...

It is always good to save 10% of the salary into bitcoin what ever the price is..
Because the price right now will increase more.. and it is a normal that we are seeing price drop and it will increase again.. just be affraid if there is a new trading site will hack better to sell before the price of bitcoin will crash so that you can buy cheap bitcoin if the price was crash..
For now it is hard honestly to predict when crash will happen but it is always better to buy bitcoins.. and sell if you already made a profit.. 15% sell or 10% every time the price is increase and sell the rest if the price will increase more if not if the price was drop well buy more bitcoins and hold..

Yakamoto

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We're seeing users individually selling some of their holdings off right now, and it seems to be pretty consistent when it comes to holding at around $1.01k right now.

If anything each night (for me anyways) the market corrects from the last night's rise.

I think we're just waiting for someone to dump a lot of Bitcoin at once, and then it can go down a lot. If it never hits that point, though, then we might have very minor movements, which may or may not be amplified over time.

tiggytomb

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It will drop as it always does but I think / hope that it drops too $900 or $800 at the lowest, I think this time around we see a much more stable and slightly more experienced coin.

Sweeet

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Now that the price is over 1000$ when do you think that the price will drop, 24 hours, a week, months?

serjent05

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Quote from: JimboToronto on January 02, 2017, 02:13:48 PM

Quote from: Sweeet on January 02, 2017, 11:52:19 AM

...2013-2014 when the first big drop happened...

Do you mean the fall from $1200? That was hardly the first big drop.

The crash from $33 to $2 back in 2011 was bigger. The crash from $266 to $50 was a pretty big drop too.

Even the short-lived crash from $0.10 to $0.01 in 2010 was bigger.

There will be more bubbles and more crashes but as long as they keep getting exponentially larger, everything will be fine for long-term holders.

Bitcoin still has a long way to go before it hits the "vertical" stage of the adoption s-curve.

Well said. Bubbles and crashes are normal things in trading. So I think when the demand are exhausted we can see some decline in price. But as what the other member said, there is still more people who are eager to buy BTC at the current time. So we can expect either a stay or a bit more increase in price.

Quote from: Leonard2016 on January 02, 2017, 12:19:59 PM

all those people (services, businesses and holders,...) are actually selling their coins. you can see that on exchanges and that is a fact nobody can deny.

but the only thing that can determine the price is how many are buying and how many are selling. classic supply and demand.
right now there are more people buying than selling and this will only go up in the future because more people who are new are coming in.

aka more demand higher price eventually moon!

This ↑↑↑↑

njcarlos

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Quote from: Sweeet on January 02, 2017, 02:50:34 PM

Yes, I agree, as I said in my original post I was trying to explain how the situation now is different from this drop and is more stable.

I think the 600-800 range is stable. Beyond that there's high volatility and risk of being wiped out imo.

Sweeet

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Quote from: Sundark on January 02, 2017, 02:39:26 PM

Quote from: Sweeet on January 02, 2017, 02:22:01 PM

Quote from: JimboToronto on January 02, 2017, 02:13:48 PM

Quote from: Sweeet on January 02, 2017, 11:52:19 AM

...2013-2014 when the first big drop happened...

Do you mean the fall from $1200? That was hardly the first big drop.

The crash from $33 to $2 back in 2011 was bigger. The crash from $266 to $50 was a pretty big drop too.

Even the short-lived crash from $0.10 to $0.01 in 2010 was bigger.

There will be more bubbles and more crashes but as long as they keep getting exponentially larger, everything will be fine for long-term holders.

Bitcoin still has a long way to go before it hits the "vertical" stage of the adoption s-curve.

Well... the first notable drop, I am just trying to relate to the current situation, last time the price was over 1000$ it dropped, tremendously.

Well, last time when price was that high it was manipulated by bots, Chinese traders and Mt.Gox which was basically the biggest BTC exchange at that time.
We don't have exactly the same situation now. Price rise is more organic and real. At some point we will see drop, but it won't be massive 50% price reduction more like slight decline to $900.

Yes, I agree, as I said in my original post I was trying to explain how the situation now is different from this drop and is more stable.

Sundark

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Quote from: Sweeet on January 02, 2017, 02:22:01 PM

Quote from: JimboToronto on January 02, 2017, 02:13:48 PM

Quote from: Sweeet on January 02, 2017, 11:52:19 AM

...2013-2014 when the first big drop happened...

Do you mean the fall from $1200? That was hardly the first big drop.

The crash from $33 to $2 back in 2011 was bigger. The crash from $266 to $50 was a pretty big drop too.

Even the short-lived crash from $0.10 to $0.01 in 2010 was bigger.

There will be more bubbles and more crashes but as long as they keep getting exponentially larger, everything will be fine for long-term holders.

Bitcoin still has a long way to go before it hits the "vertical" stage of the adoption s-curve.

Well... the first notable drop, I am just trying to relate to the current situation, last time the price was over 1000$ it dropped, tremendously.

Well, last time when price was that high it was manipulated by bots, Chinese traders and Mt.Gox which was basically the biggest BTC exchange at that time.
We don't have exactly the same situation now. Price rise is more organic and real. At some point we will see drop, but it won't be massive 50% price reduction more like slight decline to $900.

Diced90

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The way I see it... the early adopters of btc might want to recover and are the likely people to be selling off their btc while I see fewer buying bitcoins leading to a more supply of btc and less demand of btc causing the price to drop.

Sweeet

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Quote from: JimboToronto on January 02, 2017, 02:13:48 PM

Quote from: Sweeet on January 02, 2017, 11:52:19 AM

...2013-2014 when the first big drop happened...

Do you mean the fall from $1200? That was hardly the first big drop.

The crash from $33 to $2 back in 2011 was bigger. The crash from $266 to $50 was a pretty big drop too.

Even the short-lived crash from $0.10 to $0.01 in 2010 was bigger.

There will be more bubbles and more crashes but as long as they keep getting exponentially larger, everything will be fine for long-term holders.

Bitcoin still has a long way to go before it hits the "vertical" stage of the adoption s-curve.

Well... the first notable drop, I am just trying to relate to the current situation, last time the price was over 1000$ it dropped, tremendously.

JimboToronto

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Quote from: Sweeet on January 02, 2017, 11:52:19 AM

...2013-2014 when the first big drop happened...

Do you mean the fall from $1200? That was hardly the first big drop.

The crash from $33 to $2 back in 2011 was bigger. The crash from $266 to $50 was a pretty big drop too.

Even the short-lived crash from $0.10 to $0.01 in 2010 was bigger.

There will be more bubbles and more crashes but as long as they keep getting exponentially larger, everything will be fine for long-term holders.

Bitcoin still has a long way to go before it hits the "vertical" stage of the adoption s-curve.

Josepino

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Quote from: Leonard2016 on January 02, 2017, 12:19:59 PM

all those people (services, businesses and holders,...) are actually selling their coins. you can see that on exchanges and that is a fact nobody can deny.

but the only thing that can determine the price is how many are buying and how many are selling. classic supply and demand.
right now there are more people buying than selling and this will only go up in the future because more people who are new are coming in.

aka more demand higher price eventually moon!

I fully agree with you . many people are buying bitcoins for holding long term but just only some people are selling.
according to the supply and demand rule, the price will keep rising highly now.

Leonard2016

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all those people (services, businesses and holders,...) are actually selling their coins. you can see that on exchanges and that is a fact nobody can deny.

but the only thing that can determine the price is how many are buying and how many are selling. classic supply and demand.
right now there are more people buying than selling and this will only go up in the future because more people who are new are coming in.

aka more demand higher price eventually moon!

Sweeet

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Do you think that the Bitcoin price will really drop this time? I think there are many businesses and people who will not sell all their bitcoin as the price goes up, and will continue to buy bitcoin regardless of the price. Personally I will not be planning on selling my bitcoins accordingly to a price drop, and will continue to buy bitcoin. I think that bitcoin is a lot more stable than it was in 2013-2014 when the first big drop happened. Previously the price was extremely rocky, and now the price seems much more stable. What do you think will happen?

For this particular situation what factors take part in the price falling or rising?

Topic: Will Bitcoin Price Actually Drop? When? (Read 2039 times)