Abolute bottom of Bitcoin? - page 5.

Hippocrypto

sr. member

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Quote from: Mankov on May 13, 2021, 04:39:47 PM

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

This is an interesting predictions that would exist for the future of bitcoin, and we can't even say an exact figure because of volatile market that kept happening every now and then. As I've seen the recent market, it has touched below $50k again but the resistance is trying to make it harder to go down easily. It's too difficult, because most holders tried to prevent themselves from having weak hands and they still trusted bitcoin to soar for another ATH this year.

hatshepsut93

legendary

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If we're in bear market now, the bottom would be at around $20k. It wouldn't make any sense to return to $10k or lower, that would mean that all the recent adoptions were for nothing. If the bull market will resume, obviously the bottom will be higher. Generally Bitcoin goes through 80% correction from the top of the bull market to its bottom, but if this time the top won't be sky high compared to the start, then maybe this correction will also not be so dramatic, maybe 50-60%.

carlfebz2

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Quote from: Mankov on May 13, 2021, 04:39:47 PM

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

You arent different into those people who had been saying on bitcoin would to below 10k or going below back to $0 or does simply tells about bitcoins failure.

Why you people are really minding off much about absolute bottom? This had been a question since the beginning of this market because price is way too unpredictable

Therefore, its a bit no point on keeping yourself finding the bottom and just wait for that moment if you can eventually deal with the price on possible support bottom price
which you can make out some buyback and then sell later on if it hits the target in terms of gains.

livingfree

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Quote from: Mankov on May 13, 2021, 04:39:47 PM

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

Why think negatively? instead of thinking how deep it could be, let's think the positive of how high bitcoin will be after 5 years. Well, I've just realized that there's still a good thing with your question of how much would be the highest low by that time.

Quote from: Mankov on May 13, 2021, 04:39:47 PM

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

The halving is about to happen within the next 3 years and I'm assuming that we'll never see $30k as the lowest by that time IMHO.

Mankov

jr. member

Activity: 429

Merit: 7

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

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