How low do you think Bitcoin can go ?
- Thread starter brawdias
- Start date
blketh
Registered Member
- Jun 20, 2018
- 50
- 4
Anything can happen in the Bitcoin market. The price is around $6600. It can reached that value this year. Many cryptocurrency and financial experts are saying that the future is very bright for Bitcoin. People will change their minds and start investing in Bitcoin.
- Mar 10, 2010
- 42,695
- 107,139
- Nov 16, 2011
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I am no expert but I have read that it should not go below the average mining cost per bitcoin. So below $5000 is unlikely to happen.
- Nov 3, 2017
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Actually the price is 8k+ already.
Yeah, not really.
Its even safer investment than stock market. And I am not even a crypto fan.
- Mar 10, 2010
- 42,695
- 107,139
Yeah, not really.
Give me proof of 40+ years of investing and then pop off.
- Nov 3, 2017
- 2,796
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Yeah because there are so many crypto millionaires with 40+ years of investing? Or there are zero? Sorry, this is not an argument.
Anyway Its pretty simple actually. The only value BTC have its what people are willing to pay for it, there is no product or service behind it. Some see it as negative, but in reality this is one of the strongest quality of the BTC - it means that its value cannot disappear as long as people are willing to pay whatever the price is at the moment. There is no possibility that the company will make a bad product, or a competitor will bring new device that will send you out of business. Its all about people willing to pay asked price. No other factors. If Elon Musk do some dumb mistake tomorrow he can get Tesla destroyed, bankrupt. All your stocks would be worthless, regardless if people are selling them or not. This cannot happen with BTC.
- Mar 10, 2010
- 42,695
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zainh332
Junior Member
- Sep 21, 2015
- 188
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i think its impossible to go below 5k now.. as you can see the now its increasing
John4life2017
Banned - Multiple Rules Violations
- Jan 15, 2017
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I have quite a chunk of money stuck in bitcoin. Hoping the price goes up so I can cash out
- Nov 16, 2011
- 19,794
- 11,287
When did you last check the price ?
- Sep 10, 2010
- 11,808
- 26,660
You mean $15 / btc? Yeah, quite possible.
Many pe
The reason for big dump from 20k to 6k was that last year Btc pumped sharply and many bad news.so many stupid guys think it will go under $5000.It's may be play between 6k and 10k for 2 or 3 months,but then will go above 10k.
I forgot K,I mean 15k. Don't think Bitcoin even under $5000.You mean $15 / btc? Yeah, quite possible.
The reason for big dump from 20k to 6k was that last year Btc pumped sharply and many bad news.so many stupid guys think it will go under $5000.It's may be play between 6k and 10k for 2 or 3 months,but then will go above 10k.
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nomad1500
Power Member
- Jul 25, 2012
- 642
- 256
Best Gamble Ive ever taken... that was back in 2012 when I paid $7.50 each ...
I bought $112.50 worth of bitcoin (15 coins) and my plan was to sell them in five years no matter what !
Well I did exactly that and sold them 5 years later in December 2017 for a whopping $16,473.00 each
I'll admit though I would never had taken that Gamble at today's prices, that's too scary for me!
Writerly
Elite Member
- Dec 9, 2016
- 1,847
- 708
Cryptocurrencies are the future, and that’s why I believe that the price of Bitcoin won’t go down. However, you can never be 100% sure of anything. I deal in Bitcoin, and invest in it, but never more than I can afford to lose. I personally don’t believe it will go lower than 5k, but I guess we’ll see.
Yes exactly
- Mar 21, 2013
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Anyone else filling their coffers with Cardano?
D
Deleted member 813988
Guest
0 - it's real price
Why?Many People like you think its zero, but the reality is another thing and price goes up every year.Wait until it drop to zero.0 - it's real price