Quote from: saqibmunir on December 02, 2017, 03:54:05 PM

Quote from: yusupjatigumilar on November 29, 2017, 09:03:19 AM

Quote from: timcheerful1 on November 17, 2017, 06:05:06 AM

Can bitcoin drop to $3000?

It could happen if we are affected by the false issues that say bitcoin prices will go down and we sell panickedly without thinking about the impact that will occur, it is actually the decisive rise in the price of bitcoin is our own behavior as market participants. So it could happen if we are affected by the issue.

we have seen in the severe past and i think no one can deny that this is quite possible as it had done in the past and it can be done in the future as well but seeing the market scenario and growing popularity of BTC, I don't think now it can drop that much in near future like to 3000$. I take $6000 as a strong base for BTC. Seeing the bullish nature it can easily cross $15000 by the end of this year if any huge dump will not happens.

Of a lot of recent activity as well as growing popularity of BTC is very likely that the new floor will settle in $10K
at least,so if the price were to fall below that,this one would not stay like that for a long time ,so as time goes by the possibility of it being put back in that low amount that is being talked about->$3K is becoming more and more remote as the price goes up, this possibility will be less.