Topic: Are we entering bear market? How low will btc go in the coming year? (Read 592 times)

I strongly disagree with your opinion about the bear market in the cryptocurrency market at this point in time. It was stupid and naive to expect that bitcoin would continue its insane growth momentum and soon storm $ 100,000, $ 200,000, and so on. Usually, the summer months are relatively quiet months, such as the stock market and the cryptocurrency market increasingly resembles the traditional market, because the same players are starting to come here. For the last three weeks, bitcoin has been trading in the range from 30,000 to 4,000, and there is a huge difference between buying for 30,000 and buying for 40,000, unless you expect bitcoin to be worth $ 1,000,000 in the coming weeks Therefore, let's hope that the cryptocurrency market will accumulate its strength in the summer months and make a new breakthrough by the end of the year.

Nice insight. But you can't stop people to have that thoughts of being pessimistic because they're comparing it to the last bull run and bear market.

That's why that thought has been formed for most of us and thought that because we saw bitcoin dropped 50% then it should be the start of the bear market.

And what's good on this, bitcoin is recovering gradually.

Unfortunately, we are indeed on the bear market already. Holding wouldn't be a bad idea at all since a bull market is still expected to occur within the year or next year. Many people are quite confused right now but for me, we should take advantage of the current fall of bitcoin's price and start investing while there's still time. It's either we end up regretting or we gain much benefit as we hold on to our investments as the bull market happen once again. Let us not let this opportunity slip on our hand or else we will regret it our whole lives once again, just like on 2018 bear market.

I would not call it a bear market, the implications are many that prevent it, rather I think that currently the market is going through a very large correction, in fact, there are many theories that support it, when we take into account the S2F models of PlanB states that this is just the beginning, that the bullish trend has not started as it is, $100k is the first target, and $288k is the other target as well.

In addition, the monthly red BTC candle is totally comparable to the one that occurred in 2013 just before the bullish trend for that year, of course the fundamental characteristics at that time were very different from those of 2021, but in terms of chartism it is totally valid.

Fortunately we are not going down again and again, still is no guarantee that it will keep going down or up so there is a chance it could potentially get better. I am hoping that it will but nobody can guarantee such a thing so all I am doing right now is just checking and praying that the price will not go down even more.

By the looks of it we still have a chance to get up, I mean we went to 30k and then bounce over 40k so it was obvious that there could be recovery in anything but some people are saying that 40k was a dead cat bounce as well so I am not sure what to believe in anymore. If you want I would say you could get out of the market for a while now, it may not be a great idea to do it now because it may recover, but it could also get a lot worse so I would understand anyone who gets out. I am not getting out until it hits under 20k so I am fine so far.

right, with previous experience bitcoin was at a value below $5k, then it should be a good time to invest, but unfortunately no one knows about the market, so for now we should look for opportunities and don't hesitate to buy, For example, we can buy gradually to minimize the decline in the value of our assets

In order for us to see 12k a disaster scenario must happen for bitcoin, basically we will need that one of the most recent institutional investors to get to this market sold their coins, I really think this is why the price crashed so hard as I do not believe Tesla is holding any coins anymore, we will need Saylor to sell his coins and for what it seems he does not want to sell his coins so I doubt a price like that will be seen again, and if it is, then make sure to buy the dip at that point.

Anything can happen on the market as you can see right now we experience almost a week of sideways still we need to monitor this kind of movement if we might experience another uptrend of bullish or this is the last and comes to enter with the bearish market.

As possible always up yourself keep knowledgeable and not become dependent on just a single tweet of a known celebrity or just came from social media. We are already recovering on this covid so you don't need to expect lowering again with the 3k USD last year March.

If you think that the price will go down deeper like $12k, then better wait for it patiently. After all, no one of us can predict correctly where will the price will settle. Some are just making wild guesses and they based their predictions based on the previous year's bearish season.

However, if you have enough funds in your pocket, you can start buying at the current price because you won't know, the price won't go down deeper anymore. It's good to think that you haven't miss any opportunity this market brings and so you won't deal with regrets in the future.

Don't be to pessimistic. Bitcoin can't go lower than it did the last year.

we are all optimistic. we didn't expect the price goes down to $3k after the ath $20k but when it touches $3 we simply just look at it as an opportunity. $12k may not really happen and we can only just think it's impossible until it happens.

this market is just not very predictable and once you just shift to something else to divert your money somewhere, the least you expect happens. it's just good to put a few percentages of your money for BTC.

I do not think BTC is possible down to $12k, the odds is very, very small. I guess about $20k, but i just guess, i dont have any evidence to prove it, just a guess based on past experience.
Besides, this bull market a lot of big institutions into the field, may be different.

I am optimistic, nothing has been lost, we all know why we have this setback, we returned to the price of bitcoin as at the beginning of the year 2021.
We bitcoiners are tireless, we must not give up and continue. Bitcoin is our freedom, it is available to anyone regardless of how much money they carry in their pockets.

I can’t really tell for sure, but everybody is still predicting that there is going to be another bull run and the price of Bitcoin is going to reach as high as $100,000. I don’t know how true this is, because nobody can say that they are hundred percent sure about that. I believe that the price will reach that, but what I am not sure is whether it’s going to be this year or anytime soon.

It can be anytime, all you have to do is to invest at the right time, which is at a time that the price is very low and that way you will be confident enough to continue to have patience. This decrease in price is a good opportunity for those that wants to buy at a lower price and Hodl, and as usual make sure that you’re investing what you can Hodl for a long time, even with the ups and downs that are yet to come, you just got to hold it till the time is right.

There is no other option but to wait, after all this reduction on the price could be anything, it could be a just a dip but for that we will need for the price at least to remain stable for some time and then exhibit a recovery, however if the price keeps slowly crashing for a long time then we are having to have no other option but to admit that this is in fact a crash and that the bull run is over, something that no one in the forum really wants as we prefer bitcoin making all time highs instead of going down and remaining static for years.

To begin with, once ATH has been passed for the second time, Bitcoin never goes below it. IT was like that with 1 thousand dollars and it's going to be the same with 20 thousand. It's possible that we'll wick below it for a short time but we'll never again go back for a longer time that will allow you to buy lower without setting an order first.

Next thing is the 300 day MA which has been the technical bottom as long as Bitcoin exists. For you to buy at 12 thousand we'd have to break that line for the first time in history.

Then there's the psychological barrier of the beginning of the bull run which is 14 thousand. We were there in 2020 and we came back to it in 2021 to finally break it and start a run to 20 thousand.

I never said I thought there would be another ATH this year? Plan is to hold for 10-20 years.
I decided and put my buy order to little over 20k and now I wait. I can wait for a year or so, by then it should be obvious if I was too greedy or not.

How did you get to know that there is going to be another ATH this year? If it’s going to be repeating just as what we have seen happen before, then I don’t think there is going to be another bull run that will create another ATH price, I have seen ATH happen twice, not after crashing to this level. But the price is going to be flowing somewhere between the low and the highest this year.

As for when you’re going to be investing your money, it all depends on the level of patience you’re ready to have and for how long. If you have plans to hold for years after you have invested, wouldn’t be bad if you invest now because after another halving we would start looking forward to another bull run and new ATH price.

As others have stated, the low could be $20,000 or more; I'm still waiting for that time to come so I can invest in altcoins and, of course, BTC. Consider the bear market to be a discounted sale because you can buy all of those assets at a lower price and simply wait for a little longer; it might be profitable soon!

A bear market does not always imply a loss; take advantage of the short-sell position; you may gain more as a result.

I agree with that. As long as we can make a profit in all conditions, that term will not exist to us because we can adjust ourselves in trading and make a profit. That is the important thing for the traders to make money, but they need to know that the bear market will profit less than the bull market.

In this bear market, you can still trade short-term, but you can use a holding term to help you gain benefits in the long term so that you can make money in the short and long term together. I use short-term trading too as you because I see the increase and decrease of the price is good for me to buy low and sell high, so I can expect to profit from that.

bear market is just a term, for me, how can we make money in all conditions. therefore I prefer to trade short-term, even though the market is down, but I keep looking for buying areas and take advantage of bounce moments, so that I can still make money

Based on the current market movement, I don't think that we haven't entered bitcoin market yet, to be honest the dip was just the result of the panic of many people that lead to simultaneous selling of their bitcoin, the prices are already recovering so we can only assume that we have already reached the lowest price this year.

I am not sure about that. If you called this situation a bear market, you could be wrong because the bitcoin price is still higher than last year, even for the last ATH a few years ago. I still believe that we are still in the bull run phase, but with a deep correction, the price can rise again. We can see another increase in the price in the next month, but if the price still goes down to the lower price, we need to be patient.

This time can be a good time for the investor to buy bitcoin because the price is down again, and I guess some of them already bought bitcoin at $33k.

I guess we are entering bear market based on what we are experiencing from the market few months ago. The price of bitcoin is still decreasing in the market, that is making some investors to keep asking, if it is the right time to bear market or to buy more bitcoin for future profit making.

The prices are starting to look promising and I don't think that we are on the bear market yet, look at the current charts, the prices is already recovering. And we also don't know how low will bitcoin go because we do not have a foresight, just like how high the prices will go, we just have to wait what's going to happen next.

The lowest price for bitcoin to dump is i think $20k and after that, we can expect higher ATH compared this year. So never miss another moment wherein you can fill your bags with altcoins and bitcoin. Today's price is already a good catch and if you have the funds already, do not wait for another dump as we know exactly how volatile the market is and the current price might suddenly rise up and won't drop anymore. But for sure, bitcoin price has all the chance to recover no matter how deep it has fallen and that's what good about bitcoin.

I agree with the fact that it was definitely overbought and there was a useless hype that didn't helped at all and that is one of the biggest reasons why we "dropped". I mean we are literally over 8x higher than what we were last year on march so if we are looking at from low to high we did had a great year, the only problem is that we had a mishap on the along the way.

For example, if I remember correctly the year 2019 started at around 3.5k and ended at 7k but people were upset, why? Because we reached around 14k during the year I can remember that. Same but a huge version here as well, we started even this year under 30k and we are doing fine yet when you look at what is going on people act as if we are done and bitcoin is done and I do not think that's true, we can handle even this price as long as it stays and doesn't drop too much.

Right now it is difficult to know what it is going to happen, the price reduction was significant and this could lead us to believe that the price is probably not going to recover but if you see some of the previous bull runs that we have experimented over the years you will see that a crash like the one we saw is not really that uncommon and then the price eventually recovered and the bull run continued despite the crash so that scenario may happen again.

I will buy more bitcoin too but at this time I will increase the number of capital that I invest in cryptocurrency. Since there are some altcoins that attracts my attention so I need more capital that allocated to those altcoins. I still give extra attention to the price chart, if bitcoin price reach 30k  I will start to buy bitcoin. I really like to use lump sum strategy but at this time I will use DCA.

From the little experience am having and from the research have done I believe bitcoin is still going to dump more before the rise am expecting bitcoin to dump to around $25-$28k before the bulk run happens but if you are trading currently I believe you should always trade with caution and always learn to apply stop lose and always manage you risk currently because am still expecting more dip from bitcoin which will definitely affect other altcoins.

when many people predict Bitcoin will be more valuable in the future but you predict the opposite, this is completely unexpected, even the prediction you make drops to $ 12k, it doesn't make sense.  if you want to reinvest in Bitcoin you should do it from now on, then in the future you will feel the benefits.  do not wait for the market price to move to plunge to 12k because it is very unlikely that this will happen even if no one knows future market price movements.

The similar mindset that would help you out could be the fact that the previous low before 2017 was around 1.4k to 1.7k levels (those days one place to other changed so much and arbitrage wasn't big yet) so when it went to 20k and didn't drop under 3k ever again, that was basically proof that the previous ATH was broken and we never got back to that. By the same logic we could say that the previous ATH was around 20k and we will not go under 20k again, so my path and yours all came to same destination, which is over 20 thousand dollars.

I believe that could be true, obviously I can't guarantee anything like that, it may go under 20k as well, who knows? But from what it looks like right now, 20k+ could very well be the bottom, and I would be very happy with that, as long as we can stay there, I can wait and I won't sell and even if I have to wait years I will wait for it to go back up.

I was amazed by the level of your reasoning, not even this year, you are still talking about next year at the rate of $12k. I will advise you to buy whatsoever you want to get now and forget about any further dump. We are looking forward to more than $70k this year, don't miss any opportunity.

- I just wanted to warn you that we've got too much confidence in stories that can't happen here but from one event to the next, the myth always seems to be broken, when we feel we are out of the bear market and there will not be another bad price, another loop will be triggered, price will react with other bad stories. This bear is getting too strong for the bulls, we can no longer determine its movement speed

$12k-15k$ is a reasonable number for Bitcoin's buy zone in a long-term downtrend. We've seen Bitcoin consistently hit $10k in the past, which is the best support I can think of. If Bitcoin price breaks through this level, the price could drop even lower.
Right now I don't think Bitcoin can enter a bear market yet. The recent price drop is just a necessary correction.

1 week of market correction and many people are already panicking and saying it is the end of bull run. We increased a lot since the beginning of the year and these corrections should be expected. Many didn't expect that crypto market will soar very fast and some people miss the train so some of them especially from China spread fuds few days ago to bring the market down so they can buy and accumulate in a very low price. Mass adoption is slowly happening and institutions just continue to accumulate so I think it is not bear yet. I can't say how low will be the bottom this year but I'm confident that it won't go below $20k anymore.

no one knows where the market is going. but we can analyze and place orders, so that we can make a profit if the market goes up, and if the market continues its downtrend, then we can cut losses and wait for the next support to buy.

It's better to assess first because there are lots of possibilities that the market may do up or it can fall for more, you can work with this volatile market and earn by doing some scalping but it's really risky.

Or, you can just buy and let the market do to whatever directions it may go but keep your target and wait for the bullish market to bounce up more stronger.

The fate of your investment always rely with how you work with the market and how you analyze in favor to your side.

I highly doubt that bitcoin will go down to around 12k again as many people are adopting it as of recent the lowest we can go may be around 20-30k before bouncing back again.This dip is also a good chance for people to acquire btc as price is low now before the bull market sets in again.

Since you have the patience and expecting the price to go down in the coming year, you can wait until you take your position in the market. I am not sure how low the valuation would go when the bear market starts but you are yet to see the major correction you are expecting and if you are smart enough you can make the money during these range bound market trend as well, but some wait for the correction to settle down before entering again.

 

No one truly know into what extent will Bitcoin as well as the other cryptocurrencies will get low for the past few days or for the next moment of time since we are all aware that the market we are working up into is a highly volatile market wherein prediction can be made but no assurance things will happen as we expect or predict. Instead of thinking too much of the future, better make use of the present to get yourself ready for whatever happens. Turn things as much as possible into opportunities that will be favorable on your part.

Selling is not the reason why bitcoin falls, not buying is the real reason. Sure there is a bit more people who sell during this period and that causes a difference that causes the price to go down but there is also a difference between how much was bought during this week versus how much was bought previous months, it is a proof that people are selling sure but people are not buying neither and that is the main reason.

This is why I believe there needs to be a reason for people to buy again, when people are interested in buying again that will also result with people not selling as well, logical right? I mean if everyone wants to buy more, that should automatically mean people are willing to sell less as well. That is what people should be looking for. I understand that it is not easy to create a reason and a hype like that, but without that hype we are going to just either stay here or go down.

I did a quick glance into the drop that happened in 2017 and what might happen this year 2021.
In 2017, there is a 70% drop from near 20k to around 6k. If you will plot it to the recent ATH and if it will duplicate it, we are seeing a price drop to up to the near $20,000 level. Aside from the $30,000 price support right now, $20,000 is what I'm seeing as a next strong support. $12,000? I don't want to say that it is impossible but it is less likely to happen.

There are 2 signs that we are in a bear market.
1. If we broke the strong support which is right now the $30,000.
2. If it manages to reach the 34 and the 21 weekly EMA and it failed to push through then that is also a sign.

This video from a great analyst might help others know to spot if we are in a bear market or not: https://www.youtube.com/watch?v=BxFBFyJL7f0.

We dont have crystal ball to know the future so no one can accurately answer your questions since the market is unpredictable. IMO we wont go dip further to $30k, the price is continuously declining but somehow there's a minor recovery. We are only in the second quarter so there's a chance for a bounce back and again a bullrun. If the price of btc plunged to below $20k then its the time I can say that we are already in bearish market.

I do not think that the bear market on cryptocurrencies has already come, and I do not think that it will last for 4-6 years. Let's hope that the situation will settle down and in the coming months we will see a sideways movement of the market, in the fall and towards the end of the year we will see a progressive upward movement of the market. The most important thing is that large holders of bitcoin do not arrange big sales and it seems that such sentiments are not yet observed, except for the statements of pessimistic experts who always appear in such cases. I don't think it's in the best interests of the governments of the leading countries that have turned their printing presses on full power to have these funds flood into the physical commodity market, triggering hyperinflation, and bitcoin and other cryptocurrencies would quite well help to sterilize the excess money supply.

3-4 years is more likely, a bit less than your estimate. I guess if price keeps going down for another couple of weeks I'll just transfer my holdings from trading accounts back to cold storage and see what happens next.

We could very well be entering the bear market this month. And in my opinion this has been long overdue considering how long bitcoin held up in its price despite the constant backlash and bad blood in its name. Still, in regards to your answer on how long this will last, or how low bitcoin could go next year, we don't have a definite answer. Most of the time bitcoin stays at the bottom for a 4-6 years and then rises up hundreds of times bigger in value than the last ATH, so you can expect next ATH to be much more massive than the one we had this year.

Aha good point!

The price that you are looking for is simply too low, even if we assume that the bull market is over and a new bear market has appeared we are never going to see that price because that will break everything that bitcoin has done during the last decade, bitcoin never goes below its previous all time high, which means that a price below 20k is practically impossible but if it indeed happens then we could be witnessing the worst bear market in history, something no one wants to see.

Hello

What I have seen is during this time of the year the price usually decrease which reaches its lowest around September. Then the price continues to spike up till February-January of the next year. BUT if we look into the past we will see that it took btc a few years to reach the all time high which was drastically high. Due to more acceptance in market I do no think that it would go this low.

What I do think is the maximum it would go might be 25-30k, that's it. Less than that is impossible since most of the people are not going to sell before 60k, so they will hold for a long time or maybe few days, who knows ? We are in a pandemic, we cannot predict anything.

Bitcoin is not for weak hands! 
If you are planning to hodl bitcoin for long term there is nothing to worry about. Since the price did increase for a few months and people got amazing profits, there should be also a bear phase. During this phase the holder will just hold and they should only control their emotion to don't do the panic sell. Some other people will definitely use this situation and they will see the bear market as bitcoin discount. Imagine, the market is giving you some discount to buy bitcoins for a cheaper price during a limited time, smart people will use this chance, others will not.

I agree. I think bitcoin will recover soon, it's just because of overbought that occur in the previous months. The hype that Elon Musk given to pump the market to break the all-time highs then today the Tesla not able to accept BTC anymore due to environmental concern. I think $30k is still good, we're not yet going to bear market and I think it will pump one last time and get back to $50k soon. A lot of institutions enjoy the dip, I'm sure they already brought the dip. MicroStrategy already announce that they already add some BTC assets and Justin Sun also purchase $150 Million worth of BTC. Selling will stop soon so we should prepare and enjoy the dip.

the market continues to show signs of a decline, for now expect more stability first and it may take several weeks for recovery. Don't imagine too badly, it will only make you panic even more

$12k is indeed very low for bitcoin. I believe it will not fall below $20k. It seems that the market is in bearish season right now, but let us wait for at least couple of weeks and let us see how the market will perform. It is hard to predict in this market as the price can change in just few hours. I do agree that there are so many big institutions that are already involved this time, so the support is stronger than in previous years. Payment method is also growing so the adoption is growing and increasing as well.

The price of bitcoin might won't go down to $12k again. It will have its drop off but i think it will not go down below $20k. Bigger institutions have been supporting bitcoin these past few months so definitely, it has a stronger back up and fundam entals compared to the previous bearish trends.

But this is not really a sure thing to happen as we know since day 1 how volatile bitcoin is. All we have are still pure speculations but it's not really an issue. We know that when bitcoin reaches its dip, the next thing to happen might be reaching another ATH again.

I don't think that we are currently entering the bear market because from what I am seeing, the price of bitcoin is still in a healthy value or price so that in my own opinion the market is still not in a bear market. Another thing is that the price of the altcoins including the Ethereum is still at an upper price. Just imagine that the price of the bitcoin is $30,000 and still not dropping in the $20,000 which is the normal price or the last ATH of the bitcoin.

you are looking for the best time to buy bitcoin, something that anyone would do. but the question is:

what is the best time to buy bitcoin?

currently the price is falling, people are panicking thanks to some attitudes of elon musk and china. but the question is:

what can we expect later? Could it be that with these attacks by elon musk, other rich people will not invest in bitcoin?

I am not a market analyst but I think in the following way:

Elon musk may have been the person who contributed to the price increase a lot to the point of reaching $60,000, but he was not the only one, paypal was the main catalyst in the price increase when the price was low and being that paypal Is a company that has many customers and is supporting cryptocurrencies so the bitcoin price will not fall below $20,000 or may even momentarily touch $30,000 or just under $30,000, but definitely the bitcoin price will not fall much and will recover fast. because it has a lot of demand and people know that more new people will buy bitcoin due to the great exposure that bitcoin currently has


you did very well to sell your altcoins, altcoins had a big price drop.


it is impossible to see the price of $12000 again


to see another ath this year I find it very difficult, but if we had a very big news something for example if amazon supported bitcoin then we would see another ath this year.

I think the price of bitcoin will range from $30k to $35k, that's how low bitcoin will range based on my prediction.

It is not sure if we are in a bear market right now but the possibility is extremely huge so be careful with your actions.

Stay patient and discipline enough so that you will not make a bad move during this bearish market.

If we were to sell all of our coins then the prices are going to definitely go down. That's what I currently do but the problem is that I can't take action on it because I currently have all my money in crypto so I am waiting for a profit, I can't buy when the prices get too low.

You are really optimistic about the level which the price can fall to.    Everyone would like to accumulate from as low level as possible. But it doesn't seem to me like it will go down that much.

Lowest is really that hard to predict , because if does then all of us will sell our coins and wait for that moment but sad is that we cannot make this righht.

Best to just try buying at 20k level, then at least 17k and if 12k downfall happened then its your lucky day.

but for now be observant and be ready, because any moment market will chance , either uptrend or downtrend no one really knows.

I try to play the long cycles, sell alt gains before hysteric peak, sit on cash for a couple of months and buy more btc when the price is right. I never sell btc.

It's just that it dipped approx 80% after the last bull runs so figured it would be a good entry in 6-12 months. I do believe btc will go to $1million within 20 years, so why you nagging about +-15k then? you may ask? The difference would be I would add twice as many btcs to my wallet if i get it for 15k instead of 30k.

I agree with you on the $25k lowest price I believe Bitcoin will go even if it will still go down further. I understand we want to believe that the institutional investors might be able to do something about the market but do you really think they could? cos with them buying even much higher than this, the market still plunged this low so can they really influence it not to fall to $12k even though I don't think it will.

Yes off course it will increase in the upcoming days. You need to stay waiting and then it will rise again after some time then it should give you a benefit indeed and If you are not holding it yet then its up to you.

Can stand the test of time, -80% is not a strange thing。

When they say rise and fall in the market price of a commodity especially bitcoin or cryptocurrencies, it doesn't necessarily mean that the both would go in equal capacities depending on the thriving market situation in a session. Thats very far from it, the market only tlmakes a few adjustments to ensure stability as a way of sustainability for the value attached to a commodity.

Wel, $12k is way too low for me and virtually unachievable with the level of recognition bitcoin has gained over the years. May I ask whats your criteria for setting such a target  is there any notable statistical element at play?

Again, about waiting on when the time is right, no time is right neither is anytime  wrong. What matters is your plans before choosing  a particular investment.  Bitcoin hodlers have been know to gain more so, should you invest at any point of the market, you must have patience to benefit from its growth.

You're right, I'll do that between 24,18 and 12k.

I don't think the correction will go that low, 30k or 25k at most, certainly not 12k, at least I hope not, besides there are institutions who bought btc at lot higher, doubt they let price go that low,  there are different views about this bear market and where the price will go, at the end the market will determine.

i don't think anyone is able to predict the bottom (if it's not luck). imho you don't have to wait for a exact price like 20k or 12k. let's say 30k is highest acceptable price for you, then you could split the buy orders between 30k to 12k.

I don't understand why you must be so rude? And fud? Im talking about buying btc...It's not my first bitcoin purchase, that is why I have patience and don't fomo in at any price. -80% has been seen many times before. Btc was 10k in September so it's not exactly a mad idea...
 

$12k. Ok please wait for it forever and don't change your plan. I wish you luck with your plan ddefinitely

$30K is a test and if you waited for months to see it, why do you not join now? People hope that they can get cheaper price to buy their first Bitcoin, when they see cheaper price they are fear and wait for cheaper price.

The reaction, wait for lower low and lower lower low won't end with a real buy order.

Sideway from $35k to $45k and Moon later. Please stop the FUD.

Hmm yes my initial plan was 20k but then I got a bit greedy. Perhaps you're right, perhaps I should put a buy order of 75% on 20k and 25% at the hope price of 12k.

Hehe yeah I wish for it. But an -80% from high to low isn't really that crazy looking historically, both 2015 and 2018 bull runs ended with -80% correction.
Now everyone will say its different this time, institutions, tesla etc etc yeah i don't really think so. People still have their greedy pants on right now that's why it seems unlikely but in 6-12 months of red candles things might change.

But what do I know, looking back in 6 months when btc is 200k I might laugh at myself for not buying at 30k, or if in 9 months when btc is 12k I think im a genius.  

We did say that bitcoin will not go down below 50k but it did so I think that there is still a possibility that bitcoin will go down below 10k or so. And if that were to happen, we might expect a really pump than the last time.

Stay wishing 

12k ? are you Insane ? Imagine that bitcoin had already reached 64,000$ and you are looking for 12k?

this will never come unless another Covid19 pandemic will happen and the whole world will be shaken.

We yet don't know where exactly will the price dip to its bottom, the weekly chart hasn't yet show that it's been oversold which means it could still dip below $30k. Although this is being predicted already by some, there is also the possibility of a rise because of adoption.

If it can't hold on to its current range and the support on $29K breaks, its definitely unstoppable and we are in the bear market. $12k is possible and if FOMO doesn't come to you when it bounces back before it touches $12k then lucky you.

I don't think that the price will go down to 10k or so. It seems like we will continue to see the price between 30k and 40k for some time more. To me, it won't go under 30k and it will start recovering again.

Now is the perfect moment to buy and fill your bag with Altcoins and Bitcoin. Almost all existing assets have experienced a very drastic decline against the USD, this allows everyone to have to buy more Bitcoin and altcoins to make a profit.

China is back in action again, and the impact is not much different from a few years ago after the halving. If you have assets in the form of cryptocurrency, don't sell now and wait about 3 years to enjoy very satisfying results.

If you have money left over that you won't regret when you lose it, you can buy some altcoins with it right now. Because the altcoin season is over for the current period.

I don't know where you get that prediction but for me it is completely wrong.Everyone is predicting the 100k bull run starting in Autumn this year but also this remains just a prediction.No one knows how the price will go but the recent history has shown us that Bitcoin has great potential and we are yet far from seeing it unlocked completely.My view is that the lowest it can go is 20k before bouncing back really strong so that 20k should be your buying point,again this is just my view and in crypto we all know how high the volatility is.

Hi guys,

Looking to purchase some btc in the coming year and looking for the best time.
Sold all alts a few weeks back and will switch back into btc when the price is right.

Ideal would be around 12k, within a year from now. Do you think its possible or am i setting the bar too low to fast?
Is this just a half time dip in the cycle and we'll see another ath this year?


I'm bearish by nature and I have patience so I'm not rushing to buy right now, but I'm interested in what your views are.

Thanks