Will we ever see bitcoin lower than 1000$? - page 50.

Ayers

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Quote from: Seville on May 26, 2017, 09:51:32 AM

the only way to see BTC go that low would be another MtGox event Grin

that's not possible anymore because unlike with mtgox, the numbers of coin are more spread in many exchange, and not all in a single one like with gox, and it's also more harder to mnaipulate in this way

Quote from: Kray on May 26, 2017, 10:34:40 AM

If bitcoin will fall, Lowest price for btc around $1000-1300. When btc price was $1000, btc fall to $150-200. It means price will drop upto 80%

i think that is not possible, new resistance is at least at $1500 or maybe $2k, but not quite, sure, the last drop put us still above $2k and was an huge drop, so $2000 seems to be a nice consolidation wall

bamboylee

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It is possible that because of the sudden surge in price, there will be a correction happening in the future. But I do not think the price will fall back to below 1000$. Even before the rally, the support was already at above 1000, so if it falls, it will be on that level.

Kray

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If bitcoin will fall, Lowest price for btc around $1000-1300. When btc price was $1000, btc fall to $150-200. It means price will drop upto 80%

cram03

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I guess in the situation of bitcoin value right now that will not ever happen under 1000$ when bitcoin that value all of the traders of bitcoin will be get rich and in the short time the value of 1000$ will up to 2000$ again for sure.

AK47-

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Bitcoin for sure is a volatile asset. It has historically undergone a series of sudden price bubble driven largely by investors and speculators. But it never gets a low as it was before the bubble happened. So, I would say going back $1000 will not happen. Maybe we will see $1500 again but not $1000.

deisik

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Quote from: shield132 on May 25, 2017, 08:29:02 AM

Even some months ago bitcoin'a price was 600$ but it started to rise and everyone sees how it become 1300$, than 1-2 month ago we had a little fall and lowest price was 890$ but than it returned to it's 1200-1300 and continued to rise and rise and we see what we get in result, bitcoin's price is 2750$ currently. This is very high rise and what do you think guys, will we see fall from 2700 to 1000 or even to 600$ ? Can we to forget worries of price fall?

Unless something really terrible is going to happen, that's unlikely

For example, Satoshi Nakamoto's body is found (just kidding). So unless a sort of Black Swan event should occur, the price is unlikely to fall below 1,000 dollars per coin. As to me, 1,200 dollars should be a pretty tough bottom to break through, this is where the current rally has started, and this is where it could hypothetically end. Right now we see the price rebounding strongly and unless big fish, sharks and whales alike decide to cash out the price may not even fall below 2,000 dollars (I use Bitfinex prices for reference)

tosmartak

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It is possible. Bitcoin is quite volatile and any huge impact as a result of a particular market factor can definitely affect it but the chances are like 5 in a 100. But that 5 still counts right? Even 1% chance can cause a huge effect if it occurs.

evilgrin

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The main reason I say no is mainly because of inflation. Part of the reason bitcoin is going up is because fiat currencies are losing stability. You have no say on the sports stadiums thats get built using tax dollars, but bitcoin basicly says fuck you to waste.

Seville

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the only way to see BTC go that low would be another MtGox event

hatshepsut93

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Quote from: shield132 on May 25, 2017, 08:29:02 AM

Even some months ago bitcoin'a price was 600$ but it started to rise and everyone sees how it become 1300$, than 1-2 month ago we had a little fall and lowest price was 890$ but than it returned to it's 1200-1300 and continued to rise and rise and we see what we get in result, bitcoin's price is 2750$ currently. This is very high rise and what do you think guys, will we see fall from 2700 to 1000 or even to 600$ ? Can we to forget worries of price fall?

Bitcoin might drop even lower if something bad will happen - failing to solve the scaling problem, worldwide ban by governments, critical bug in code, etc. You should never exclude possibility of crash or general failure of a project. This is why people who invest their money rightfully deserve all their profit - they are taking risks while others are afraid to.

moviebuff777

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Quote from: shield132 on May 25, 2017, 08:29:02 AM

Even some months ago bitcoin'a price was 600$ but it started to rise and everyone sees how it become 1300$, than 1-2 month ago we had a little fall and lowest price was 890$ but than it returned to it's 1200-1300 and continued to rise and rise and we see what we get in result, bitcoin's price is 2750$ currently. This is very high rise and what do you think guys, will we see fall from 2700 to 1000 or even to 600$ ? Can we to forget worries of price fall?

The price of bitcoin could drop that low but it's not likely after the price has reached close to $3000. If the price drops to $1500, so many people will jump in to buy that I can't see it going much lower than that.

SingAlong

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Quote from: surus on May 25, 2017, 12:55:19 PM

Correction will surely happen, but I don't think we will ever see a drop bellow 1.000. Unless crypto 3.0 will make the BTC obsolete...

I read an article regarding the price correction but I can't remember where but what said is that it will go down for about 47% after it reach $2800 according to the expert they have asked. We can't really say that what said is 100% true but it is probable.

Even Bitcoin would go dump which is natural, Bitcoin's price correction is much higher than what it was before. It may go dump up to $2000 then after it will pump again. In addition, there are a lot of good news all around and updates, developments in Bitcoin which make the price it has today is logical, reasonable.

Might as well see the dump as an opportunity to those who missed out the opportunity and come and join the fun.

xuan87

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It is still possible to fall down under 1000$ but the chances is very low, last time the price due to the rumor that bitcoin is going to hardfork, and now the price is soar high again, my prediction if bitcoin falling down the price maybe around 1700$, if its falling under 1000$ its mean something wrong and something really bad happened to bitcoin and maybe if its fallen under 1000$ it will be hard to bounce back

MarconyGL

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Now this is almost impossible, because bitcoin is too high from the 1000 mark and every day there is a prospect of growth.

Mometaskers

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Anything is possible but due to the amount of holders out there, it probably wouldn't plunge much lower. It'll take a lot of weak hands panic selling at the slight decrease or over some news to really drop the price down.

Even then, you can expect people to snag those cheaper coins, which would allow the price to recover back up to more or less the pre-burst price.

So yeah, I think it wouldn't drop this low, especially now that announcement from Australia and Japan probably encouraged more people there to start buying in.

icecube45

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I do not know if the bitcoin price will be lower than $ 1,000. That's because bitcoin prices are now at $ 2,415 and if it gets lower than $ 1,000 it means bitcoin dropped by as much as $ 1,400, that's the sharpest drop I think because as far as I know the bitcoin has never dropped that much in the past. I think with the development of bitcoin now and the always rising price I'm sure bitcoin will not reach $ 1,000 again. But if that happens I'm sure there will be more people who buy more and hold back.

Idrisu

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Quote from: shield132 on May 25, 2017, 08:29:02 AM

Even some months ago bitcoin'a price was 600$ but it started to rise and everyone sees how it become 1300$, than 1-2 month ago we had a little fall and lowest price was 890$ but than it returned to it's 1200-1300 and continued to rise and rise and we see what we get in result, bitcoin's price is 2750$ currently. This is very high rise and what do you think guys, will we see fall from 2700 to 1000 or even to 600$ ? Can we to forget worries of price fall?

Before we see bitcoin $1000 something fundamental has to happen. Government policy to clams down blockchain owner and exchangers or forks issue can pull bitcoin to that rate. For now bitcoin is heading to $4000 and it might not look back soon.

tobs

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Looking at the bitcoin price graph we can see that you can easily draw a line from the beginning of the bitcoin to today's prices. It's a nice upgoing curve. While applying that curve you can see that even the great lower depression times and bubble blops are still in this upgoin tendency. It's set value is already past 1000$ so if it ever falls under this price the correction will still set it quickly on it's course that's going up and up.

Give it some time and you can ask the same question about whether it ever fall again under 2000$, then 5000$ and so on.

marcuslong

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If the price will become $1000 again since bitcoin becoming trend maybe lot of people will be buy bitcoin as they can see bitcoin is almost reaching $3000 dollars per 1 bitcoin But believed that that speculation will never be seen again unless lots of holders will sell there coins and never buy again for stocks and it always depends on the demand of bitcoin and each volume.

jc89

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Quote from: Lieldoryn on May 25, 2017, 11:27:16 AM

Quote from: kelseydustin on May 25, 2017, 11:22:10 AM

I do not think so. Too many people have spent their money to buy Bitcoin and there is no way for Bitcoin price to decrease lower than $1000. I can ensure that it can never return to the same old day anymore

In our world anything can happen. If for some reason the bitcoin price will begin to plummet all owners will be to sell it to have a lot of dollars and buy bitcoin when the price is low. Such a panic could trigger a fall in prices and lower than $ 1,000.

I believe you that anything can happen since we cannot control everything. If ever a panic emerges and triggered a massive drop on the price of bitcoin, we might see your hypothesis. However, upon that happening, the price will quickly recover. How? If the price of bitcoin went down lower that 1000 USD, investors will then buy and hoard many bitcoin because of the low price. By doing so, they will have more bitcoin in possession and then scarcity again happens in the market. In contrast withe the demand, bitcoin's price will increase once more and you know what comes next.

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