Quote from: btcney on December 12, 2017, 08:06:28 AM

Quote from: pera on November 29, 2017, 09:07:38 PM

Do you think we could see sub $1k prices at some point next year? I mean, is that even a possibility?

Thanks

There is absolutely no reason to think that bitcoin will crash at all, let alone crash to 3 digits in 2018.

Let's just take the worst case scenario - the rally stops, people panic dump, the bubble pops. even in that scenario i think it is very hard to imagine the price of each bitcoin going down to anything less than $4000 per coin which is retracing back to around September pricing.

To regress all the way back to 2015 levels would be crazy, and if it does happen, i'm sure it's a great time to buy honestly. In fact, people can't wait to buy at these price levels right now that i'm sure if the panic dump does take it that low, it'll recover pretty quick.

I also want to be the one to grab this opportunity to buy bitcoin in a cheap price. There is a huge difference between the thinking of an ordinary bitcoin holder and a trader, for almost every trader bitcoin low price is an opportunity to buy bitcoin and for a holder it may be a panic time. Unfortunately this time will never come again to see bitcoin price in three digits, the supporters group has expanded a lot more than 2015. Everyday hundred and thousands new supporters arise to buy bitcoin to be part of the success story of life with bitcoin, who will never miss any opportunity to it in reduced price.