Bitcoin bottom prediction? - page 5.

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Quote from: AmoreJaz on December 03, 2022, 07:55:12 PM

Quote from: Ultegra134 on December 03, 2022, 07:51:20 PM

I would open my own thread regarding an exaggerated speculation I've read, but we already have an abundance of those. I was having a conversation earlier with a few acquaintances who are also into Bitcoin, and they claimed that Bitcoin could possibly crash way below $10.000, mimicking 2017-2018 movements. I've also seen a few articles making such bold claims, but I never bothered. From my point of view, it sounds unlikely and way too extreme, but on the other hand, the economic and geopolitical situation is going from bad to worse. I honestly doubt that we'll see it crash below $10.000. Somewhere between $11k and $13k is my worst-case scenario.

if in case btc will go down to as much as 10k, there should be a very devastating news that will greatly affect the market. but so far, the failure of ftx is the recent biggest one, and we only reached $15k+ as the lowest in the past month. so in my opinion, i don't think we will reach at 10k level. if that will happen, for sure, a lot will be buying a lot of btc. the lowest may be 15k in my opinion for this year. let's see...

When bitcoin was at 18k, no one believed bitcoin could fall any further as most of us only care about the interest rate. It seems the market no longer reacts to interest rates news, but FTX suddenly crashed, making all predictions meaningless.

For me, I wouldn't make such a subjective prediction, anything is possible, and if you are still following the events of FTX, we have some bad news about Gemini, Genesis and these companies are all branches of DGC, the largest investment fund in the market. If Gemini goes bankrupt, DGC will have to sell its crypto assets to the market, things will be even worse than FTX.

AmoreJaz

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Quote from: Ultegra134 on December 03, 2022, 07:51:20 PM

I would open my own thread regarding an exaggerated speculation I've read, but we already have an abundance of those. I was having a conversation earlier with a few acquaintances who are also into Bitcoin, and they claimed that Bitcoin could possibly crash way below $10.000, mimicking 2017-2018 movements. I've also seen a few articles making such bold claims, but I never bothered. From my point of view, it sounds unlikely and way too extreme, but on the other hand, the economic and geopolitical situation is going from bad to worse. I honestly doubt that we'll see it crash below $10.000. Somewhere between $11k and $13k is my worst-case scenario.

if in case btc will go down to as much as 10k, there should be a very devastating news that will greatly affect the market. but so far, the failure of ftx is the recent biggest one, and we only reached $15k+ as the lowest in the past month. so in my opinion, i don't think we will reach at 10k level. if that will happen, for sure, a lot will be buying a lot of btc. the lowest may be 15k in my opinion for this year. let's see...

Ultegra134

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I would open my own thread regarding an exaggerated speculation I've read, but we already have an abundance of those. I was having a conversation earlier with a few acquaintances who are also into Bitcoin, and they claimed that Bitcoin could possibly crash way below $10.000, mimicking 2017-2018 movements. I've also seen a few articles making such bold claims, but I never bothered. From my point of view, it sounds unlikely and way too extreme, but on the other hand, the economic and geopolitical situation is going from bad to worse. I honestly doubt that we'll see it crash below $10.000. Somewhere between $11k and $13k is my worst-case scenario.

MoonOfLife

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Quote from: JamesDaniel90 on December 02, 2022, 10:54:19 AM

Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?

I also believe there will be another market crash and bitcoin price will probably go below 12k and possibly 10k but in the end, it's just a guess, there's no guarantee bitcoin will reach that price point. So DCA is the method we should use instead of waiting in doubt and if bitcoin doesn't drop as predicted we will miss the train, and that train will never come back to pick us up.

DanWalker

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Quote from: JamesDaniel90 on December 02, 2022, 10:54:19 AM

I started investing in Bitcoin after the June crash this year and have been buying weekly since.

I now hold 0.07 Bitcoin which I know isn't much but hopefully by the peak of the next bull run I will be holding a lot more.

I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.

I think we will have one more crash personally to $12,000 before we start steadily going up again.

Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?

I am still DCA every time I have more money because I know bitcoin price prediction is impossible, and there is no guarantee that bitcoin will continue to drop 12k as we predicted. So I recommend you keep using DCA, it's the best we can do not to miss any opportunity with bitcoin. Don't just make predictions but be more realistic, if you compare the current bitcoin price and its ATH, you can see bitcoin is very cheap right now and very good to invest in.

Oceat

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You guys are too excited about of the bottom like you have something to do if it's the bottom or do you have plans if thiis is the bottom? Besides, no one can answer that kind of question because all you will get is also a pure speculation with the same answer as the others.

But if you are asking and hoping for a personal answer whether it's a pure speculation or through data analysis, someone might hit the right answer and someone may not or traverse a different path for an answer. But it doesn't matter since only you can decide what you want to do whether you want to believe us or someone or yourself.

My personal opinion would be, the price may go down if there's another FUD, or the price would stay stagnant for a week or something, or the price would pump if there's a good News about Bitcoin adoption.

Yatsan

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Quote from: Sterbens on December 03, 2022, 11:12:09 AM

If you only focus on the lowest point where the bitcoin price will fall, then you will never get it. After all, the strategy you are doing right now is a highly recommended strategy. Many people predict the lowest point, but that still can't guarantee that the prediction is correct. Instead of having to continue to predict without any definite action, it is better to continue to be consistent with what you are doing now.
How many people regret because they continue to analyze without taking any action.

Well, it is much better to anticipate its rising point than to assume its liwest possible market value simply because it would somehow save you from risk of wasting time waiting. If there's a clear pattern of a bullish movement, all you have to do is to ride with that trend line. It would be hard if your entry basis point is its believed 'lowest' or deepest price 'coz that won't be possible knowing that its market value is too volatile.

Quote from: CageMabok on December 03, 2022, 11:17:46 AM

Quote from: ginsan on December 02, 2022, 04:12:39 PM

We must learn from people who have achieved great success in investing in BTC where they are able to hold back their emotions not to sell at low prices, which at the previous ATH they were able to become billionaires and that has become history for us to follow in the upcoming ATH .

I also think that this is one of the more worthy examples to watch and follow because I have imagined the condition of people who bought Bitcoin in 2019 who then sell the Bitcoin they bought in 2021. They are really lucky and obviously became a rich man after being patient for two years by not selling early after buying it, even though they had no idea Bitcoin would go up that high in the last year.

It is not as easy as it may sound. They've endured market price down fall on those years and that made them deserving of what they have which is big profit in 2021. Many of are struggled holding because of worries of both selling too early and not selling at a higher market value. So on my end, determining its bottom won',t be a good option 'coz it will just be a factor of confusion.

CageMabok

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Quote from: ginsan on December 02, 2022, 04:12:39 PM

We must learn from people who have achieved great success in investing in BTC where they are able to hold back their emotions not to sell at low prices, which at the previous ATH they were able to become billionaires and that has become history for us to follow in the upcoming ATH .

I also think that this is one of the more worthy examples to watch and follow because I have imagined the condition of people who bought Bitcoin in 2019 who then sell the Bitcoin they bought in 2021. They are really lucky and obviously became a rich man after being patient for two years by not selling early after buying it, even though they had no idea Bitcoin would go up that high in the last year.

Sterbens

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If you only focus on the lowest point where the bitcoin price will fall, then you will never get it. After all, the strategy you are doing right now is a highly recommended strategy. Many people predict the lowest point, but that still can't guarantee that the prediction is correct. Instead of having to continue to predict without any definite action, it is better to continue to be consistent with what you are doing now.
How many people regret because they continue to analyze without taking any action.

harizen

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Quote from: JamesDaniel90 on December 02, 2022, 10:54:19 AM

I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.

No one knows what will be the result until you try.

If you think what's the best strategy to apply, you should do it without hesitation. Besides, both options are considered good to do at this point unless you are really looking forward seriously and expecting aggressively that prices will be much lower.

Quote from: JamesDaniel90 on December 02, 2022, 10:54:19 AM

I think we will have one more crash personally to $12,000 before we start steadily going up again.

Difficult to imagine that price will crash to $12,000. The possible reason for another crash should be a "big thing" to consider before it can trigger the pull. However, there's nothing wrong if that's what you think since everyone has their own factors in forming an analysis.

Conclusion: Follow your own analysis whether properly and technically analyzed or just a product of your instinct based on your own factors.

South Park

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Quote from: JamesDaniel90 on December 02, 2022, 10:54:19 AM

I started investing in Bitcoin after the June crash this year and have been buying weekly since.

I now hold 0.07 Bitcoin which I know isn't much but hopefully by the peak of the next bull run I will be holding a lot more.

I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.

I think we will have one more crash personally to $12,000 before we start steadily going up again.

Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?

I think you should do both, you need to keep performing a DCA strategy as you cannot stop taking advantage of the good price we are seeing these days, however you needed to also keep some money in reserve in the case the price of bitcoin sufffers another crash and you want to buy the dip, probably the most difficult part of this strategy is to have the money available to perform both strategies at the same time, however if you really want to increase your holdings I think this is the best path to do so.

ginsan

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I agree with what @adaseb mentioned where you shouldn't mention the amount of btc that you have bought because this is a bad thing because we don't know the intentions of certain people who want to target us. for that reason I believe you will read every review post in this thread. but I believe you definitely apply the dca system in collecting Btc at a certain price and I hope you have the desire to hold it in the long term. We have bottomed out for the year and if you are patient enough to invest long term I trust you you will get a big ROI down the road.

We must learn from people who have achieved great success in investing in BTC where they are able to hold back their emotions not to sell at low prices, which at the previous ATH they were able to become billionaires and that has become history for us to follow in the upcoming ATH .

ayesha201009

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there is only one valid suggestion.
invest what you can lose and that you don't need in the short to medium term.
we don't know if bitcoin will have a rise like the one we've seen in past years, we don't know when it will happen.

it's not a trivial thing, I'm telling you because I've been following this sector from many years Wink

nara1892

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Don't take steps to replace the steps you have taken by using the DCA strategy, that will be a step that I think will hurt you. No one can predict exactly where bitcoin will go. If you're wondering if bitcoin will ever drop back down and break the 12k mark, my answer is that maybe, but there's no guarantee about that.
I suggest that you stick with your current strategy and not try anything you're not sure about. You have carried out the right strategy, and now I am also implementing the same strategy, namely by doing DCA.

BitcoinBarrel

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I predicted 15k in October:
https://bitcointalksearch.org/topic/bitcoin-may-drop-to-15k-or-so-but-itll-definitely-hit-300k-in-coming-years-5417271

Bitcoin was at $19k then

Furious 7

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We can't really be sure that bitcoin is still going to fall or go straight up at this point even though we have our own research and we also don't know where the bottom price for bitcoin is not because we are having a hard time making it seem like they will be in the lower numbers. we think.
I think DCA is a good thing to do instead of having to wait, which is still uncertain.
DCA is the best solution in my opinion and I'm also still doing that since a few months ago.

adaseb

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Don't post publicy how much bitcoins you own. Whether its very little or not. You can easily become a target.

Like others in this thread. Nobody knows how low it will go. Will it go to $12K? Who knows. You are better off buying little by little weekly and you get a good average in. If you wait for $12K and it never comes, then you will miss the train.

If you buy little by little you will get a decent average at least.

BigBos

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This year has been the worst year for me and my friends because the price of Bitcoin fell so deeply that it touched its strongest support line at the end of 2020.

glassnode

If we look at the historical decline of Bitcoin, the pattern of price decline is almost the same as in 2015 and the end of 2018, meaning that it has reached the limit of the market cut and is the lowest in the current bearish market and therefore this is an opportunity to increase accumulation at low prices.

Yes, indeed there are several signals indicating that a crash will occur but there has been no confirmation. Let's hope this doesn't happen and it turns into a Bull Run.
I think continuing DCA is better because we realize that no matter how good the prediction is, it's just an opinion, it doesn't mean we already know what will happen next.

ajiz138

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DCA strategy is a good advice to keep earning bitcoins by buying every week you can't stop because you want to buy below $12,000 that's an unclear price even an expert can't guess this number right, so don't think about other news that can influence you, for me to continue DCA is the best strategy during the current low price moreover you have held 0.07btc that's a good achievement with bitcoins that have been invested in DCA strategy.

No, Bitcoin will not crash even worse this is already a bad sign after the FTX crash so the market is affected due to a lot of selling to the market so the negative news is still going on about the FTX bankruptcy it will pass soon and bitcoin can survive as low as $15,000 that's a prediction I myself.
But I am more focused on DCA which will continue to buy all the time no matter if it crashes again with $12,000 I will do DCA non-stop while I can.

$crypto$

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By holding 0.07 it is quite successful for you and just hold on to what you hold until the price goes back up or wait for ATH again this maybe a few years like many people expect.
Don't make unclear decisions, $12,000 price is still uncertain whereas if you do DCA every week it will continue to add to the accumulated bitcoins later so it's better to do DCA again while it's still low at $16.9k be consistent with that journey because we don't know for sure how low the price of bitcoin will be.

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