Are you guys happy if bitcoin will dropped to $10k? Why? - page 7.

Febo

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Quote from: Questat on March 25, 2021, 07:26:42 AM

Are you guys happy if bitcoin will dropped to $10k? Why?

Bitcoin will definitely not go below $20k, most likely will not go below $30k either. Small chance is it will ever go under $40k. Under $50k will most likely go at last few times. $20k no way. It was under $10k a lot of time in last 3 years.

magneto

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I honestly don't care.

Bitcoin is a unit of account for value in itself - arguably a better one than fiat currencies for that matter.

If you're holding for the long run, it makes absolutely no sense to put an accurate valuation on BTC using fiat. Just think of if the opposite came true - would you necessarily be over the moon if BTC prices went up to millions, but the value of millions of USD had deteriorated so much that was actually worth virtually nothing? Probably not.

Oilacris

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Quote from: pilosopotasyo on March 26, 2021, 10:18:27 AM

Quote from: Questat on March 25, 2021, 07:26:42 AM

Since bitcoin is bullish, I'm thinking what if it will dump, so I would like to know the what people think here.

Are you guys happy if bitcoin will dropped to $10k? and Why?

Give me an honest answer, no spam please.

It's not good for Bitcoin to drop to $10k after reaching the $50k high, it's like we are just starting all over again, and those who once trust Bitcoin are now dumping it, and there's also a possibility that investors are losing confidence in the market, and those projects and marketplace have stopped using Bitcoin, something we don't want to happen, I'm ok with $25k but not $10k from a high of $55k.

We would really be having that kind of feeling on where we do start up from scratch if ever the market would really be crashing into that point.

I would rather believe that majority of us would really be having thoughts that this might be that another 3k dump that happened in the past.Right?

Its not really good to look at with those numbers yet we have seen that this market had peaked out to $60k and it would go back to 10k? Something wrong in that case.

LUCKMCFLY

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In my personal opinion I think it would not be ideal, if Bitcoin falls to that price level it would be losing a lot of ground gained, although now it has many investors and may be representing the purely speculative currency action for "some" It carries a lot of content for those who want to acquire bitcoins that make it very cheap, and although most whales like to buy low and sell high, for the bears, it would be the best option, but it would be a scenario of total panic "before the world.
In some exchanges I am seeing that there are many positions located in short, but the Bitcoin market tends to do the opposite of what most think. The best thing in the face of uncertainty is to wait patiently to see what can happen these days, to have a reaction to the market.

lixer

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I get all the people here who say "I would be happy if it did that, I would be able to buy more!" and I get that, I really do. However the fact is that we are in a market that moves a lot together and that means if the price falls to 10k, there will be a lot of people who say they will buy, that ends up with selling. I know this for a fact because I know that prices of these things end up going super high make everyone believe in that but the reality is that people are hyping up because of where we are now, not because where we will be.

This is why I think we are going to end up living a better life in the near future, it is going to be high, but if we ever go down, that's going to make the people who are hyped right now scared. I have seen "I wish I had more money to buy this coin" turn into "I wish I never got into this coin" very quickly many times.

DarkIT

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Quote from: Questat on March 25, 2021, 07:26:42 AM

Since bitcoin is bullish, I'm thinking what if it will dump, so I would like to know the what people think here.

Are you guys happy if bitcoin will dropped to $10k? and Why?

Give me an honest answer, no spam please.

It had a two different opinion.Being a investors,it's better to see 10k$.It's only to inverse a money.Being a trader of two sides,the next opinion will be the pump.Then only I can sell at good price.So both the opinion is mine.When it happened, I would buy maximum number of bitcoin.

pilosopotasyo

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Quote from: Questat on March 25, 2021, 07:26:42 AM

Since bitcoin is bullish, I'm thinking what if it will dump, so I would like to know the what people think here.

Are you guys happy if bitcoin will dropped to $10k? and Why?

Give me an honest answer, no spam please.

It's not good for Bitcoin to drop to $10k after reaching the $50k high, it's like we are just starting all over again, and those who once trust Bitcoin are now dumping it, and there's also a possibility that investors are losing confidence in the market, and those projects and marketplace have stopped using Bitcoin, something we don't want to happen, I'm ok with $25k but not $10k from a high of $55k.

passwordnow

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Quote from: bitgolden on March 25, 2021, 12:59:14 PM

Quote from: passwordnow on March 25, 2021, 09:16:15 AM

Definitely not. $51k is in and likely to go down $50k again. Those who have missed buying bitcoin at the lowest will definitely be happy to see that drop and there will be more FUD again in the market after seeing the price to be down as it is today.
I guess this is already the month that has been compared with the same month last year but this is still way better than that.

I believe we are getting another correction and that's not a bad thing, after all those options are broken (six billion dollars worth) there were suppose to be a bit, it is not a shock, and I think it is quite obvious that we should not be going up today, or maybe even tomorrow. I think whatever it drops it will drop now, after that it will not drop anymore and I believe we are going to make a good difference.

Of course this is just something that doesn't mean that we will make a profit right away neither, I do not expect it to go down much but I do not expect it to go up a lot neither, it will probably not break over 60k anytime soon, and when it does it will be doing much better beforehand, not a 8%+ drop and then a 15%+ increase so that is why I think anyone who buys today should be ready to wait for it to go up for a long time and not right away.

Right now, we see it recover and if it will cross again back to $54k-$57k then I say that we've gotten better and if there will be another correction, those are just easy corrections and not painful anymore as what we've been thinking of.
The price is $53k while we're discussing it as this time and let's see how much it would be as it recovers.

lienfaye

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Quote from: Oasisman on March 26, 2021, 07:43:17 AM

The only people who will be happy If Bitcoin drops for as low as $10,000 is the people who missed buying at the bottom, and those who are hoping to buy again at the bottom.

Thats true, if only they can turn back time and had a chance to buy bitcoin at $3k price that would be a huge money by this time, oh well regrets are always in the end though.

For me I dont want bitcoin to plunge back at $10k price. I dont have plenty of bitcoin like other investors who managed to buy at dip but somehow my holdings are good enough. Though we know high volatile is the nature of bitcoin, its not a pain if the price move downward since its another opportunity for investors to fill their bags again.

decodx

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Quote from: Oasisman on March 26, 2021, 07:43:17 AM

The only people who will be happy If Bitcoin drops for as low as $10,000 is the people who missed buying at the bottom, and those who are hoping to buy again at the bottom.

Yes, they may be happy but I believe they will miss the boat again and will not buy at those levels either. Some people will simply never learn, not even from their own mistakes.

Oasisman

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Rollbit

The only people who will be happy If Bitcoin drops for as low as $10,000 is the people who missed buying at the bottom, and those who are hoping to buy again at the bottom.
But for those who has been hodling a good bag of Btc and constantly buying during dips won't be happy even If Btc will pull back below $40,000.
I think Btc won't drop down to that level again, because a lot of Btc investors have learned from the 2017 and especially this current pump that Bitcoin ain't a bubble that pops and gone with the wind eternally. So, whenever people finds an opportunity to buy, they'll definitely grab it and most likely $40,000 is a good opportunity I guess.

k@suy

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Quote from: arwin100 on March 26, 2021, 05:50:20 AM

Seriously I will be happy for the price of bitcoin to reach again at that numbers since imagine this is big opportunity for us to buy a cheap bitcoin and hold for long term, but for thinking that how big the damage will be created for the current holder well I'm bit off since for sure many holders will lost a lot of money so I guess I will be happy if bitcoin will just go stable or maybe pump for more since it could make bitcoin adoption will became more healthier.

Honestly speaking i will also be happy if bitcoin will dropped by $10,000 because it is the only i know i can afford to buy myself my own kind of bitcoin. But i didn't want it to crashed at that level too because i know if bitcoin market will crash, the other altcoins will next to be crash too. I didn't know why, but i think bitcoin and some altcoins were in the same string that when bitcoin goes down the other might follow also maybe not on the same time or day but surely it will follow.

MCobian

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The simple reason why I don't want the Bitcoin price to fall to a price of $ 10k is because I bought Bitcoin for over $ 10k. So if suddenly
Bitcoin drops to a price of $ 10k, of course I will lose money, I just tolerate the price of Bitcoin dropping to a price of $ 40k. After all,
based on my analysis, the Bitcoin price is unlikely to fall so far to the price of $ 10k, considering that there are enough institutions investing
in Bitcoin. This made Bitcoin fundamentals even stronger and strengthened the Bitcoin support price at $ 50k and $ 40k. Even now, Bitcoin
support price at $ 52k is very strong, because several times it almost fell below the price of $ 52k but failed. Now the Bitcoin price has started
to improve to a price of $ 53k and I predict that in the near future Bitcoin price should be able to return to a price of $ 60k.

Farma

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honestly, i don't want to see bitcoin prices go down at this point. I am afraid that the decline will affect the price of the altcoins that we hold up to this point. it's just that, this decline will certainly give us the opportunity to have a lot of BTC or altcoins. however, for now, I don't expect it to drop to $ 10k.

arwin100

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Quote from: Questat on March 25, 2021, 07:26:42 AM

Since bitcoin is bullish, I'm thinking what if it will dump, so I would like to know the what people think here.

Are you guys happy if bitcoin will dropped to $10k? and Why?

Give me an honest answer, no spam please.

Seriously I will be happy for the price of bitcoin to reach again at that numbers since imagine this is big opportunity for us to buy a cheap bitcoin and hold for long term, but for thinking that how big the damage will be created for the current holder well I'm bit off since for sure many holders will lost a lot of money so I guess I will be happy if bitcoin will just go stable or maybe pump for more since it could make bitcoin adoption will became more healthier.

traderethereum

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Quote from: thecodebear on March 25, 2021, 07:32:27 PM

What's up with the posts about $10k? $10k ain't never happening again, nor anything anywhere near $10k. It's like if people in mid-2017 has been posting about Bitcoin going back to $500.

Maybe that people want to cheers their minds and hope that moment will come back again so they can buy bitcoin in a huge amount.
But to get that, such the lowest price will make all people in the crypto sphere panic because they do not want to see the price will go back to the lowest price.
Maybe they can accept if the price is down for $45-$50k, but to see that price again, I do not think that will make many people happy because they already buy bitcoin at a high price.
This situation is unpredicted and everything can happen to bitcoin price, and all we can do is just prepare. If the price really gets down, we hope that it will not reach the lowest price, although we can buy bitcoin at the lowest price.

stompix

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Before thinking of filling your bags at 10k you should think of the consequences of such a drop.

Bitcoin price is supported by the trust people have in it, a return to 10k would mean the trust is back at levels before all the buys from funds like Grayscale, Paypal allowing BTC buys, Tesla, and many many more. A drop would mean all the effects of those are erased and not considered relevant so, what would it take to go back again at 50k?

I understand what some think, it drops I can buy moar coin and make moar profit but are you sure that history will repeat itself indefinitely and after each drop there will be a huge spike? It's for certain it can't since the price itself hit a limit, so will this be the last one? How long it will take to recover if a recovery will be even possible with the damage done by such a drop when it seems like nothing would be able to stop it and finally mainstream adoption is around the corner?

This is no longer 2013 when there were just a few billion in all the coins invested, we're talking in hundreds, the repercussions will be different this time.

thecodebear

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What's up with the posts about $10k? $10k ain't never happening again, nor anything anywhere near $10k. It's like if people in mid-2017 has been posting about Bitcoin going back to $500.

sheenshane

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As I saw comments above, some of them are happy while others aren't. Simple, just because there are two types of investors in the market.

Holders, will not happy to see the Bitcoin price will suddenly drop because they hold Bitcoin and hoping to double the price from the amount that they purchased Bitcoin. No one will probably sell their Bitcoin under the price where they purchased it.

Buyers, will might happy to see when there is a dip in Bitcoin price because that was their anticipated event when there's a sudden dip of the price it means, it has the potential to grab and accumulate Bitcoin while it has a correction of the price.

Meh? I'm happy when the Bitcoin price will drop so that I can accumulate a big amount of Bitcoin that less to the dollar.

Japinat

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Quote from: OgNasty on March 25, 2021, 06:43:08 PM

I wouldn't be happy if the price dropped. What kind of person would be happy for the losses of others?

This market is just about gambling, people long or short it, regardless on how the market moves, there's always a one party that will be happy.

In general we like to see the price to increase but for personal interest, some people just want to see the price dump, not to destroy the market but for them to get an opportunity to buy cheap again as they missed that opportunity.

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