Post
Topic
Board Speculation
Re: Will we ever see bitcoin lower than 1000$?
by
Logik
on 12/07/2017, 03:30:31 UTC
I don't think so, it may touch $1000 mark but wouldn't stay long for their to buy or accumulate( it would be like touch and go). Everything which has reached peak need a correction and it's time for Bitcoin to have some correction but not to the extent of $1000.

Bitcoin price will not reduce to 1000$ in future also.Since bitcoin price gradually increasing due to bitcoin users.It will not reduce to 1000$ .If you had a idea of  inverse your money in bitcoin. You can proceed. Don't think about the slight changes.Your money is safe if you inverse in bitcoin.
I'm sure everybody must have feel worried if the bitcoin price will going down lower than $1000 again, I also have that feeling like that when I'm sure if the bitcoin price will not drop below $1000. Feelings of worry and doubt will exist when the bitcoin price is falling as it is now.

That's true that as an users of bitcoins it makes us worry when we see price going down and same is the scenario at a moment as it can go below $2000 at any point of time and if that happens surely many people will get panic and will start dumping their coins but I don't think that it will go as low as $1000 again.
Less than $1500 might be possible in case of chain split and any of the two blockchain doesn't have major consensus. In that case there might be half supporting the new blockchain and other half the older one. Splitting of bitcoin in two chains with equal value will create a chaos and major price drop as both of them will now compete with each other for being major one.

However, this scenario is least possible but still chances are there. At present all we can do is to speculate. Picture will get clear after August 1.

Yes August 1 would be the deciding factor about the price of bitcoins and it would be interesting to see that whether price will go higher or lower after that so till then fingers are crossed and lets hope that price will move in positive direction which can bring again smile on our faces.