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BuNga_cute

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Quote from: BlackBaron on June 29, 2022, 01:24:11 AM

Quote from: Symmetrick on June 22, 2022, 04:02:00 PM

Are you ready to see $10,000 Bitcoin this year or early next year?

As you mentioned, I have to be ready and collect a lot of capital to buy Bitcoin while in the position of $10k, I don't want to miss this precious moment anymore, if that happens.

About the bearish cycle, I think this is not absolute to say in more depth, I think this is just the beginning of the bear market, there is a time when the cycle will be even more surprising later this year.

I honestly really hope Bitcoin doesn't go down to $10k, but looking at the current movement of Bitcoin which is still difficult to return to the price of $ 30k.
It seems very possible Bitcoin to drop to $10k, and like you said we have to be ready if Bitcoin drops to $10k. Therefore, since Bitcoin is stable at $20k
right now, I stopped collecting Bitcoin, I chose to monitor market developments first. So I collect the capital to buy Bitcoin and buy stablecoins first,
to avoid a volatile market. And if it's true that Bitcoin finally drops to the price of $10k, at least I already have enough capital to buy Bitcoin.

It looks like the current bear market will last for quite a while, because until mid-2022 there is no sign that the market will recover. So there is
a possibility that until the end of this year there will still be a bear market, therefore we must really practice our patience. So be better prepared
to face a bear market, and also have to be prepared for the worst that will happen, such as the Bitcoin price dropping to $10k. That will be something
that is difficult to deal with, especially for people who are already buying Bitcoin at high prices.

Mario Yamasaki

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If the price returns to $ 10k, of course we have to be prepared, maybe this is a difficult choice but we don't have an option other than wait and hold, maybe we have to hold at least 2 years to be able to pass ATH that has happened, and if we are still optimistic then it continues Buying when the price of $ 10K is the right thing.

BlackBaron

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Quote from: Symmetrick on June 22, 2022, 04:02:00 PM

Are you ready to see $10,000 Bitcoin this year or early next year?

As you mentioned, I have to be ready and collect a lot of capital to buy Bitcoin while in the position of $10k, I don't want to miss this precious moment anymore, if that happens.

About the bearish cycle, I think this is not absolute to say in more depth, I think this is just the beginning of the bear market, there is a time when the cycle will be even more surprising later this year.

Paul Pogba

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Activity: 1232

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I know bitcoin about 10 years ago when the price in 2012 was below $50, then skyrocketed in 2013 to over $1200, then dropped below $120 in 2014 or dropped more than 90%, if the price drops more than 90% then the bitcoin price around $7000, with this fact of course we have to be prepared and not panic.

batang_bitcoin

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I don't want to think that $10k would be the bottom but if it's based on historical data and facts of the percentage during the lowest, then we just have to prepare whether it happens or not. There's also the sense that it's totally different this time because no one anticipated that the all time high was $69k before the bull run happens. And when it did, our expectations became that much that the last cycle will make bitcoin $100k before it plummets. So, I'm thinking of the same thing that we're expecting something low as that but it may not happen, hopefully not.

abel1337

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Great point! 10k is pretty deep and I think it's possible to reach 10k according to charts and insights I saw from speculators. In my point of view, reaching 10k is a good news for me since I'm stacking btc and try to reach out the deepest price of this market cycle. For sure it will wipe out weak companies and those sht coins that just keep taking advantage of cryptocurrency. Above 10k or under, I'm ready.

STT

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I dont disagree totally but as we get nearer to those low prices in the teens, I start to care less about the final figure for the bottom pricing. The time to be a foreteller was at the peak prices when there was such a large amount to drop, from here its not that important. If you buy at 20k and it goes further even 10k but eventually recovers back upwards does it matter so much.
The biggest danger is people get frozen by the concept of volatility and low prices so they miss out on the following rises, exactly this happened 2 years ago when it just kept doing better then expected. We might still be negative but alot of pricing is fear and upset, its a lemming type dynamic where people get spooked into selling at the lower price and its not worth even worrying about.
Always secure your own debts and reduce leverage in good times so you can not worry in times like this, it always happens the crowd panics so dont feel you have to copy everyone else. Price is not absolute truth its just supply and demand this day, this week and in future it will vary again; we are going to have a tidal wave of dollars they have overproduced that paper by trillions.

m2017

legendary

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keep walking, Johnnie

Quote from: Symmetrick on June 22, 2022, 04:02:00 PM

~snip

Morally, I'm not ready to see a price for bitcoin in 10.000 $, but theoretically, after reading your post, it seems to me that this is quite possible. Opinion that bitcoin's price will no longer fall is in the air and in the community. Which, it seems to me, only makes your predictions more likely, because the market is not predictable and moves in the opposite direction of what most people expect.

Quote from: Symmetrick on June 22, 2022, 04:02:00 PM

What do you think is the absolute bottom of the current bearish cycle?

I don't believe in magic and I don't think anyone can see the future. We will learn about the absolute bottom of the current bearish cycle post factum. We can of course try to guess, but it's more like a lottery.

DoublerHunter

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Quote from: proudhon on June 23, 2022, 12:26:30 PM

$10,000 is far, far too bullish. Bitcoin will definitely go below $10k, and it is almost guaranteed to be a lot lower. Fair market value of a bitcoin is probably closer $100 than $10,000 in the current economic environment.

^ Go below $10k?
It seems you are wrong here, the market shows recovery and it seems the correction has been over which is I think there is a bull trend will come.
I know the $100k is far far away and that is impossible to happen this year but for me, I disagree with your $10k prediction which is impossible to happen.
Look at the market, the green colors starting to show and I think the bottom price has been already reached.

hatshepsut93

legendary

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There's a problem though, after such crashes Bitcoin was growing by thousands percents. But this time the difference between peaks of two cycles was only 250%. The difference between bottoms was also huge $250 vs $3,000. A now $3,000 vs $17,500 isn't as impressive, and if it drops to $10,000 that would look even worse.

One of the fundamental expectations that Bitcoin will not break below certain historical levels has been broken and we're never going back. Now people think that if $20k was broken, why can't $10k be broken?

JoyMarsha

sr. member

Activity: 812

Merit: 349

It would be a pertaining issue if the bitcoin price falls to $10k. I can't imagine what the Internet users that don't know much about bitcoin would project bitcoin as. A Ponzi scheme I guess, as they always did. China has already started telling its citizens not to invest in bitcoin due to its recent price decline. I just hoped that this bearish market will be over, and we all have a fresh relief from negative remarks about bitcoin

niceli

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Honestly I am not ready for something like this at all. I am expecting that something crazy could happen very soon, thats not shocking but I am expecting that to be an upwards movement instead. Can't say that I wouldn't be shocked if it was downfall though. We already had such a huge fall from the peak to the bottom for the past 8 or so months, isn't that enough? Shouldn't we start to consider going up again? That sounds like a much likelier situation to be in if you ask me. That is why I am expecting results to get higher and higher, if we get even lower, to 10k levels then its going to take even longer to recover and I hate that part, natural part of the markets but I just want it to stop already and start going back up.

buwaytress

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Yeah, that's not a heavy fall, judging from and relative to every other fall from ATH. But this current cycle (or end of it) has already taken down quite a lot of "past cycle records". It's a very different animal this one, compared to everything past, so maybe we can take some assuage that it may not repeat the % lows of past crashes.

Though really, at 10k, I'd be all locked and loaded if I had extra cash. Can't actually buy anything more really, but I'll probably work twice or three times as hard for as long as that level holds to get in all that bargain coins.

proudhon, just realised I missed you.

fzkto

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I'm willing to buy bitcoin at 10k, but I think it's just a dream. The situation now is similar to when bitcoin fell to 3k, but then many people expected to buy it at 1k. Probably this time there will be a lot of waiters who will buy it at a high price. Things can change very quickly now. Those who don't buy now will regret it later.

wxa7115

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Quote from: xSkylarx on June 23, 2022, 12:05:20 PM

People everywhere in the crypto space are bearish so I've already prepared myself for that scenario. If that really happens, then I would have a chance to own 1 whole bitcoin. Might as well stack some ETH because it would also be cheaper that time.

On the other hand if a 85% correction is really bound to happen, who is going to sell to reach the $10k price. The only reason I can think off for that to happen is if some big insitution sell their holdings that would create a domino effect to people to also sell their holdings.

While bitcoin at 10k does not seem as a likely scenario to me this does not mean I am not preparing myself from such a scenario, and just like you I am preparing all the cash I can afford to lose to buy bitcoin under those circumstances.

As I believe that such a price will be an opportunity we cannot afford to waste as that would be as close to the bottom as we can get, still at the same time we need to prepare ourselves, as at that point FUD will run rampant and there will be a lot of people claiming that bitcoin is over and it will never recover, so buying under those circumstances will not be easy unless you are completely sure about what you are doing.

ShowOff

legendary

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There is no reason not to be prepared for whatever situation may come with bitcoin. The fact is that both declines and increases are possible, this market is free and it is not easy to predict what will happen the next day. $10K becomes a theory I think is possible during a bearish season even though we are now between $20K. Of course, if the theory is in accordance with market reality, we will be ready to anticipate it.

If that happens, I'm pretty sure I'll have to sell some equipment I no longer use just to buy.

proudhon

legendary

Activity: 2198

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$10,000 is far, far too bullish. Bitcoin will definitely go below $10k, and it is almost guaranteed to be a lot lower. Fair market value of a bitcoin is probably closer $100 than $10,000 in the current economic environment.

xSkylarx

hero member

Activity: 2352

Merit: 594

People everywhere in the crypto space are bearish so I've already prepared myself for that scenario. If that really happens, then I would have a chance to own 1 whole bitcoin. Might as well stack some ETH because it would also be cheaper that time.

On the other hand if a 85% correction is really bound to happen, who is going to sell to reach the $10k price. The only reason I can think off for that to happen is if some big insitution sell their holdings that would create a domino effect to people to also sell their holdings.

yohananaomi

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At every opportunity, bitcoin will repeat what has been done and it will continue to repeat every time there is a chance before the halving will occur. so if the op says that is we ready to see bitcoin at $10K, instead I see it might be below $10K for bitcoin, if this refers to the similarity with the situation in 2018 where the decline was quite sharp, then this hasn't happened yet, it will certainly continue to fall .
but again after the halving period is over, the bitcoins will repeat again and there will be an increase and the formation of new ATH.

Taskford

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Quote from: mk4 on June 23, 2022, 07:33:45 AM

Quote from: lornadane on June 23, 2022, 06:01:25 AM

Kalou I wouldn't be prepared to see the price of bitcoin fall too far like that.
$10k is a terrible bitcoin price for me.
There will be many investors who feel they have lost their money if the price of bitcoin drops to the point of $ 10 thousand and of course they will be torn apart again.
Hopefully the worst thing will never happen.

It would only be terrible for people that have been over-invested and have no capital for buying dips. On the other hand, if you're always making sure you have enough capital to deploy, a crash to $10,000 would be a godsend if you're long-term bullish on bitcoin.

If they feel something bad to happen on the market they still have good options to take and one of them is taking stop lose to control heavy damage and then wait for it to come or possibly near to it then buy since for sure this will give more better chances for recovery rather than waiting for their last crypto bought to pump back again to recover their losses.

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