Post
Topic
Board Speculation
Re: Will bitcoin ever drop below 2500 ?
by
Kyraishi
on 16/08/2017, 07:17:01 UTC
Just curios. any ideas?

There are just no guarantees when it comes to trading. Nobody can predict the future.

Price might just stabilize but i do think that it's probably going to get dumped real hard, perhaps even down to $2000 or less as xypos said. Right now everybody seems to be confident about bitcoin staying up above $4000 per coin, but this mentality changes very quickly when the price drops by even just $300 in a day.

Obviously if there is a catastrophic event then bitcoin can definitely go down to $1k or less, but i think naturally there is a pattern where around 1 year after the halving there is a big pump, and then the following 2 years people just dump and price stabilizes at a much lower level.