Bitcoin and gold forecast to drop to $ 1000

[Loly 0]

 A famous analyst in the crypto community stated that Bitcoin may end up in its race with gold to drop back toward the level of $ 1,000 each.

Analyst "Peter Brandt" has issued widespread warnings about the losses of financial markets and various assets in the world, including bitcoin and gold in light of the spread of the Corona virus.

As he sees "Corona" and the escalation of the crisis over its spread poses a great risk to the markets and various assets in general. 

Corona has caused investors to relinquish any assets, even precious metals, such as gold, which is a safe haven for all in times of crisis.

For my part, I wish Corona would be completely eliminated and Bitcoin would not drop further. What is your comment on that? 

[johant123 1559]

You know, in 1980, gold also made a major dive, and stayed there for a long time. I was way too young then (15 years old) but looking back, that would have been a major opportunity!

 

Maybe in thirty years from now, my grandkids will ask me why I didn’t invest my whole income in Bitcoin in 2020 😛 

[BTC Future 3946]

I don't see Bitcoin dropping to $1000, although there might be a flash crash happening again. This time it looks that the exchanges really want to hold the 200MA and trade above it. Still we have the hashrate dropping a lot, meaning that many miners are about to stop operations after the halving. It will be volatile. Basically I'm holding whatever happens. If it goes down to a thousand, I'll be buying more.

[Honny143 13612]

gold prices comes down because of corona virus, because all markets present face this problem, and when this corona virus disappear in this world then all market settle down once again, and bitcoin never touch 1000$ dollars in this bad condition,

[babaji 1228]

On 3/18/2020 at 3:23 AM, Loly said:

A famous analyst in the crypto community stated that Bitcoin may end up in its race with gold to drop back toward the level of $ 1,000 each.

If they dont find a cure, or vaccine or antibiotics to fight corona, forget 1000$, the entire crypto would be destroyed. Let me explain, bitcoin runs on blockchain, blockchain needs miners, and miners are humans, when an estimated 320 mn  people will die, then who will run those mining rigs. And once the price starts plummeting, the miners who are still mining will close shop and do something else. 

[iloveyobit 6599]

I do not think that this will happen, because in the market in 2017, Bitcoin did not reach these levels, but bounced back from the levels of 2700 dollars, so you do not have to panic.

[johant123 1559]

On 3/20/2020 at 10:25 AM, iloveyobit said:

I do not think that this will happen, because in the market in 2017, Bitcoin did not reach these levels, but bounced back from the levels of 2700 dollars, so you do not have to panic.

No, I don’t think so either. Unless we cross $3000. That has become some kind of magic number, so if that breaks, I fear many investors lose trust.

[Moaz 7239]

I don't think the price of bitcoin will drop to $ 1000, this does not make sense in my opinion, but if that happens it will be a great opportunity to buy bitcoin because it will rise again

[johant123 1559]

14 minutes ago, Moaz said:

I don't think the price of bitcoin will drop to $ 1000, this does not make sense in my opinion, but if that happens it will be a great opportunity to buy bitcoin because it will rise again

If it drops to $1000, it might drop to $0 ... I really hope it doesn't do down that much, because that would mean major distrust even by long time HODLers (no way it can drop so much if they don't sell, in my opinion).

[Dark_Sky 8489]

On 3/18/2020 at 5:53 AM, Loly said:

 A famous analyst in the crypto community stated that Bitcoin may end up in its race with gold to drop back toward the level of $ 1,000 each.

Analyst "Peter Brandt" has issued widespread warnings about the losses of financial markets and various assets in the world, including bitcoin and gold in light of the spread of the Corona virus.

As he sees "Corona" and the escalation of the crisis over its spread poses a great risk to the markets and various assets in general. 

Corona has caused investors to relinquish any assets, even precious metals, such as gold, which is a safe haven for all in times of crisis.

For my part, I wish Corona would be completely eliminated and Bitcoin would not drop further. What is your comment on that? 

If the bitcoin price goes down in that price then I'm sure some people in cryptoworld will not be satisfied and the worst it can lead for them to leave. 

"Low price bitcoin is not worth to have" maybe this will come to the mind of the most of us.

 

[iloveyobit 6599]

13 hours ago, johant123 said:

No, I don’t think so either. Unless we cross $3000. That has become some kind of magic number, so if that breaks, I fear many investors lose trust.

Yes, I also have the same vision, in the event that Bitcoin goes down to about $ 3,000 again, and it is expected that it will continue until levels of $ 1,500, Bitcoin will lose confidence a lot.

[jamesvince 2389]

Not really believe able for any reason why btc dropped to 1000$ as my experience of crypto market said to me that btc near one month its price can goes up to 8000$ or 13000$ it time to buy more btc for more profits from this market we need believe on btc. 

[Zaino34 0]

The Corona virus affected the economy of many countries and the price of digital currencies and saw a significant drop in the price, but the price has now started to recover, especially after China took control of the virus now the price will now start to rise and grow

[pablomarwan 3082]

Any investment now in digital currencies is not appropriate in the case you want to store. But there are stocks that you can invest in. These are the shares related to the field of films and television due to the demand of many of them because there is nothing that people do in this area. I also hope to eradicate this virus because it created many problems for us

[rekter 8129]

Isn't Peter Brandt mostly technical analysis old timer? So it's pretty weird that he is using real world triggers to make calls like that. I wonder if he truly understand bitcoin fundamentals.

 

[Brand1 1336]

I don’t think the bitcoin price will reach 10004 and I think the cryptocurrency market has started to recover and I am sure that the currency rates will rise again in a short period

[Upright 2688]

Yes, it's true and probably the cause the cause of this outbreak which this type of analysis has come out, on the debate on what and how the future most financial markets might perform when this disease might end, as to how will this marketa still look and operate

[Fedor00 74]

That's not going to happen, don't worry. Bitcoin is going to remain over 5000$ and even if it drops a little it will get back up. I don't see it crashing to 1000$ right now 

[SuperCrypto 7193]

Personally, I never expect prices to fall below $ 1000 an ounce. Of all the precious metals, gold is the most popular investment. Investors generally buy gold and gold is constantly traded.

[jacker 1095]

gold, I'm not sure because I rarely care about it. Bitcoin will never reach $ 1,000, which is impossible. In fact, no matter how complicated the corona virus is, bitcoin is unlikely to be so low. But if it is so good to buy

[SuperCrypto 7193]

Currently, the gold price offers more positive trades to continue to approach the target and get continuous positive support to support opportunities to breach this level and open the way to achieving more positive goals.

[magd 5231]

No, no, this number is really scary and very low, but now we are passing through the Corona epidemic, and the price has not decreased to $ 100, and we have gone through a critical period of decrease in the price of bitcoin up to $ 4,500, but it is impossible to reach the price of $ 100. What are the sources that he relied on in anticipating this sharp decline?

[Yunusalemu 0]

hmm this has got me speechless, we are still keeping up hopes that the price as to which the bitcoin has stocked up with at seven thousand dollars will be surpassed in the coming moth since the us have approved the reopening of some business, i hope things get better soon 

[kadayakito 765]

Gold is not my business. I don't care much about gold. while for bitcoin it doesn't go down to $ 1,000, even if it halves it can still control the price. $ 3000 is the lowest price. Last sale it went down to $ 4,000. I think if it drops to $ 1000 is also an opportunity for us to own it.

[tienda 8776]

I think Gold or Bitcoin and also all others services and product around the world suffer the drop on their price and value, so this is a global crisis and I think is not the best moment where we do the analyse, first is to control the corona virus.