Post
Topic
Board Speculation
Re: I am planning to buy 1 BTC. Do I need to wait few more days for a price fall?
by
Samarkand
on 10/02/2018, 12:28:46 UTC
I think it is very possible that the price gets down to like $3k, like mid of last year. ...

I think that your prediction is extremely unlikely.
If the BTC/USD price would drop to the level that you suggest this would be below
the current average cost of mining a single Bitcoin.

The miners are heavily incentivized to prevent this from happening, because combined
they have invested hundreds of millions of $ into mining hardware, other infrastructure
and stuff like bribes.

I elaborated on this in this thread:
Why the Bitcoin price is not going to fall below a certain price point