Post
Topic
Board Speculation
Re: Will Bitcoin Price Actually Drop? When?
by
richardsNY
on 03/01/2017, 00:10:38 UTC
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.