Bitcoin crashing, $100k possible support - page 2.

Doan9269

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Quote from: philipma1957 on December 20, 2024, 06:59:18 PM

Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

Bitcoin has been falling from all-time high since yesterday and now at $100300. I think people should not panic because this will possibly be the support for now.

It is disappointing that bitcoin crashed since yesterday but we should not panic and we will still get to all-time high.

What do you think. Will bitcoin decrease below $100000 or not? For me I guess not for now but I may be wrong.

This is just for general discussion and not an investment advice.

well I set 2 buys

93333
and 89898.90

I hit the 93333

For now, i also buy the idea of buying the dip the more, if we can see the market bearish down to $90,000 or below then we may buy and hold to have the market rise gain before selling, though we never know when the last all time high could set in and this may be at any time, but as for now, those that will be trading should be careful while the holders should take time understanding the best position to enter the market and possibly uses DCA to accumulate his holding pattern.

2Pizza410000BTC

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Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

Bitcoin has been falling from all-time high since yesterday and now at $100300. I think people should not panic because this will possibly be the support for now.

It is disappointing that bitcoin crashed since yesterday but we should not panic and we will still get to all-time high.

What do you think. Will bitcoin decrease below $100000 or not? For me I guess not for now but I may be wrong.

This is just for general discussion and not an investment advice.

We have seen that Bitcoin has been dumping for the past two days and has been dumping from its high of $108,000 to $92,000. Seeing the dumping situation in the market, I thought that the market would crash further but today I saw the market almost go up. We have seen the price of Bitcoin rise to $99,540 today but here I was expecting that Bitcoin could go back to $100,000 and hit an all-time high. However, the current market situation is keeping me very confused as I am not sure which direction it will go at the moment.

Xcode7

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Quote from: JeffBrad12 on December 20, 2024, 09:42:35 PM

Quote from: Richbased on December 20, 2024, 04:28:42 PM

Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

It is disappointing that bitcoin crashed since yesterday but we should not panic and we will still get to all-time high.

There is nothing disappointing if the price of bitcoin falls, only short term traders will panic when the price is going through corrections. The price of bitcoin going above $100k do not mean that it can't fall below that price again. Perhaps, there are investors that want the price to fall further so they can utilize and buy at lesser price. I have already kept some money while waiting for a DIP so that i can buy bitcoin at lesser price so if peradventure, bitcoin falls extremely, don't you think i will be very happy to buy more bitcoins instead of buying when the price was above $100k?

it's only normal to expect dips after such big rally to be honest, a pull back from $107k to $91k is completely normal when you get massive pump from $65k to $100k within short time, I don't understand the people who just gets too fixated on the flash dump ignoring the fact that not long ago we're still on accumulation phase at $55k.

crazy how people always projects thing to be linear without a drawdown, because such market is the unsustaining one and in practical, only random shitcoin could do non stop market rally and usually it will go down to zero in no time, BTC is different, the rally is healthy.

I like your opinion about the price correction that occurred, everyone let it be too exaggerated as if what happened was quite severe when in fact if we look at the whole decline that occurred was only a small percentage compared to the increase that occurred in the last few months, even the deep price correction occurred only 2 days and now the price of Bitcoin has recovered significantly, currently the price is almost reaching 100k again and I am sure that will happen soon.

JeffBrad12

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Quote from: Richbased on December 20, 2024, 04:28:42 PM

Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

It is disappointing that bitcoin crashed since yesterday but we should not panic and we will still get to all-time high.

There is nothing disappointing if the price of bitcoin falls, only short term traders will panic when the price is going through corrections. The price of bitcoin going above $100k do not mean that it can't fall below that price again. Perhaps, there are investors that want the price to fall further so they can utilize and buy at lesser price. I have already kept some money while waiting for a DIP so that i can buy bitcoin at lesser price so if peradventure, bitcoin falls extremely, don't you think i will be very happy to buy more bitcoins instead of buying when the price was above $100k?

it's only normal to expect dips after such big rally to be honest, a pull back from $107k to $91k is completely normal when you get massive pump from $65k to $100k within short time, I don't understand the people who just gets too fixated on the flash dump ignoring the fact that not long ago we're still on accumulation phase at $55k.

crazy how people always projects thing to be linear without a drawdown, because such market is the unsustaining one and in practical, only random shitcoin could do non stop market rally and usually it will go down to zero in no time, BTC is different, the rally is healthy.

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Quote from: GeorgeJohn on December 20, 2024, 05:25:12 PM

Actually the price of bitcoin doesn't constantly grow, it always have a bridge or limit at a particular time, on the process of growing, since I know bitcoin when it increases it also decreases to balance market equation, and that's why many people do Laments that investors should venture into long-term investment, instead of short-term investment, so I know very well, that bitcoin will continuously grow to certain level beyond other levels...so we are not supposed to panic when we see the price of bitcoin fluctuating or dropping in value, so we should know that of the price drop it do revert in value after it has gain it potential again, so for bitcoin to reached 100k, it will definitely drop to 98k-97k to gain it force to increase later. So we should not panic.

Yeah, looks like we are going to handle this easily, not going to feel that bad and I think the drop isn't that big. We have seen the bottom and we are going to go up from here, I do not think that we are going to see it changes all that much for the long run. Right now, bitcoin showed significant recovery from 92k levels and trading around 97k levels.

Just wait until it starts to go back up, I believe it will be fine, there won't be an issue. Too many times we acted as if this was a big fall and many people feared and sold, but there is no need to do that, there is no need to think every fall would become a big fall, because it's not. Sometimes it's just a correction and we shouldn't really consider this as a bigger than that, it's just a normal situation without having anything else on the long run as well, I personally believe that's just a fine situation.

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Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

Bitcoin has been falling from all-time high since yesterday and now at $100300. I think people should not panic because this will possibly be the support for now.

It is disappointing that bitcoin crashed since yesterday but we should not panic and we will still get to all-time high.

What do you think. Will bitcoin decrease below $100000 or not? For me I guess not for now but I may be wrong.

This is just for general discussion and not an investment advice.

well I set 2 buys

93333
and 89898.90

I hit the 93333

GeorgeJohn

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Actually the price of bitcoin doesn't constantly grow, it always have a bridge or limit at a particular time, on the process of growing, since I know bitcoin when it increases it also decreases to balance market equation, and that's why many people do Laments that investors should venture into long-term investment, instead of short-term investment, so I know very well, that bitcoin will continuously grow to certain level beyond other levels...so we are not supposed to panic when we see the price of bitcoin fluctuating or dropping in value, so we should know that of the price drop it do revert in value after it has gain it potential again, so for bitcoin to reached 100k, it will definitely drop to 98k-97k to gain it force to increase later. So we should not panic.

Richbased

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Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

It is disappointing that bitcoin crashed since yesterday but we should not panic and we will still get to all-time high.

There is nothing disappointing if the price of bitcoin falls, only short term traders will panic when the price is going through corrections. The price of bitcoin going above $100k do not mean that it can't fall below that price again. Perhaps, there are investors that want the price to fall further so they can utilize and buy at lesser price. I have already kept some money while waiting for a DIP so that i can buy bitcoin at lesser price so if peradventure, bitcoin falls extremely, don't you think i will be very happy to buy more bitcoins instead of buying when the price was above $100k?

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Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

Bitcoin has been falling from all-time high since yesterday and now at $100300. I think people should not panic because this will possibly be the support for now.

It is disappointing that bitcoin crashed since yesterday but we should not panic and we will still get to all-time high.

What do you think. Will bitcoin decrease below $100000 or not? For me I guess not for now but I may be wrong.

This is just for general discussion and not an investment advice.

I think we need to eliminate, for now, jargon like Crash, panic... and in that line of ideas all these classic thoughts that surround the bitcoin environment when it organically declines after an ATH, we cannot continue in the same discourse... even that phrase "fear" if it falls below 100K, man we have a suffering range of at least +90k, we don't even have to panic if we see a +80k.

Whoever doesn't understand this at this point will suffer from daily depression, better numbers are coming, even before the end of 2024...

Aanuoluwatofunmi

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Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

Bitcoin has been falling from all-time high since yesterday and now at $100300. I think people should not panic because this will possibly be the support for now.

It is disappointing that bitcoin crashed since yesterday but we should not panic and we will still get to all-time high.

What do you think. Will bitcoin decrease below $100000 or not? For me I guess not for now but I may be wrong.

This is just for general discussion and not an investment advice.

If we look at the patterns bitcoin is taking this time, we may not be too accurate in some of our predictions over it and some may be losing instead of making profits form it, the market is having a resistant and sentiment which occurs between $90,000 to $100,000 and if we must be profitable in our trade, then we must make more of our speculations withing these range in other to make it more easier for the same target we aimed.

As at today, we can vividly see that the market is dumping gradually and then later pumps back to $97,000 after it plummet to $92,000 and from there we still have to keep an eye on its volatility from the pattern its taking as direction for this season, the end of the year is going to be more profitable as well as being more volatile to predict precisely, when we are trading this end of the year.

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While I can see some people in panic mode and selling, I do not think that many would think that way. We were lower than this just recently, so this fall isn't really a "fall" for most of us, we are still in a lot of profit so we do not consider this to be a big problem at all. I believe we need to make sure that we are dealing with a much different approach, it is not going to be that easy and it is not going to be what we deal with in the end, it is going to be something that will take a while and won't be a big issue at all.

I believe that we are going to see something different, things that won't be all that complicated and for that reason I believe we are going to end up with a different reaction to this fall, people who have been around for a while will use this fall to buy more and accumulate, people who could be newbies may end up selling because they fear. If you have been around for a while, you would know that it is a great time to buy more bitcoin right now.

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Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

What do you think. Will bitcoin decrease below $100000 or not? For me I guess not for now but I may be wrong.

This is just for general discussion and not an investment advice.

Bitcoin will drop from $100,000 and will cross $100k again, but if someone is scared of a small price correction, then investing in Bitcoin is not suitable for them. Those who cannot easily accept a small price correction definitely need to learn about Bitcoin.

I guess Bitcoin can even drop below 90, but it is better not to panic there, but to prepare yourself for it. For those investors who are dreaming about Bitcoin, every dip in Bitcoin is an opportunity. They invest according to their ability at that time, but those who are scared, rather sell Bitcoin at a lower price than the price they bought at that time. The truth is that Bitcoin is gradually becoming more valuable and those who are thinking negatively are more likely to suffer.

STT

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Mostly a bounce today, we're ahead of the 12hr average at this point. 99.1k would put us above the 2 day average, till then its not nearly counting as recovering the positive initiative.

The lows today are very much reflecting the prior highs of early November. Actually more important is the low today is close to the 50 day average, as expected to some extent we had to close the gap that had formed by the fast movement upwards.
Now we are better acquainted with the masses who lag behind the highest spikes in price, medium term type considerations. 200 day average is back at 70k still as thats how slow the long term momentum moves.

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Quote from: ajiz138 on December 20, 2024, 11:31:27 AM

Are most people withdrawing their money for the holiday season? It sounds like a bit of an exaggeration to have a drop like this.

I don't think so, quite a lot of people are hopeful of bitcoin going above $150k next year, so i don't think so many people will be selling just for the holiday season, enough to cause the kind of fall in price we experienced. It has more to do with news coming from the U.S. and the feds. That being said, it is good that the price is gradually going back up and i'm pretty sure that soon we will be above $100k again.

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Quote from: ajiz138 on December 20, 2024, 11:31:27 AM

Now bitcoin is back to $97K and maybe in a few hours it can go to $100K again.

Some people think this is because interest rates were lowered by the FED, triggering a sharp drop to $92K, but it's actually uncertain which negative news affected bitcoin to be like this?

Are most people withdrawing their money for the holiday season? It sounds like a bit of an exaggeration to have a drop like this.

It was happened 2 days ago where FED lowered the interest rates, so I don't think the drop to $92K was caused by this. I would say it might due to the FED not want to revise the regulation in order to own Bitcoin, which make people think The US not want to buy Bitcoin as their reserves.

However, it's good to see the price has been recovered, you know sometime we see a news which make Bitcoin suddenly pump and suddenly dump.

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Quote from: Woodie on December 20, 2024, 06:28:25 AM

And it keeps falling & now heading towards $93,000, whats happening with Bitcoin and the crypto markets in general??

What's triggered this free fall of price because so far over $15,000 has already been wiped out...I haven't been following my news feed of late is it possible POTUS has said something that has put fear into our markets ??
New regulations maybe which are not being liked and the outcome is being reflected on the market's??

Now bitcoin is back to $97K and maybe in a few hours it can go to $100K again.

Some people think this is because interest rates were lowered by the FED, triggering a sharp drop to $92K, but it's actually uncertain which negative news affected bitcoin to be like this?

Are most people withdrawing their money for the holiday season? It sounds like a bit of an exaggeration to have a drop like this.

Popkon6

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Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

This is just for general discussion and not an investment advice.

It is normal for the price of Bitcoin to go up and down naturally, but for a short period of time, the price of Bitcoin was dumped, this is not panic. However, the price of Bitcoin touched a low of $92k, in which I think many holders who panicked and sold Bitcoin have basically acted like complete fools.
However, according to the current time, the price of Bitcoin will continue to improve further, because the bull run is not over yet, the bull run will continue until 2025. So we have nothing to panic about at the present time, we have to be confident enough about our holdings, holders who will basically panic and sell their holdings are basically living in a state of fools.

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Quote from: Samlucky O on December 19, 2024, 08:21:29 PM

Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

Bitcoin has been falling from all-time high since yesterday and now at $100300. I think people should not panic because this will possibly be the support for now.

Sure, you know at first when I saw this thread I never thought bitcoin will still fall more than $100k but seeing the market dip to $97k got my attention that it could even fall more. But however we should not be much warrried about the price dip, as we have been conversant with it. It even give opportunity to buy more for those waiting to buy the dip I suggest this is another opportunity to accumulate more.

Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

It is disappointing that bitcoin crashed since yesterday but we should not panic and we will still get to all-time high.

There is nothing to be disappointed about bitcoin dip in price, you should be happy because another opportunity to buy more has been unfolded.

As if we’re not used to see bitcoin dipping its price. Even if the price drops more, we all know it’ll only be temporary and after a day or two, recovery can be seen already. Those who get disappointed are clearly new in the market, and have not deeply understood the price volatility of bitcoin.

However, this opens a new opportunity for new investors for bitcoin. They won’t be regretting anymore why they haven’t invest in bitcoin, at least right now is a good entry in the market.

Woodie

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And it keeps falling & now heading towards $93,000, whats happening with Bitcoin and the crypto markets in general??

What's triggered this free fall of price because so far over $15,000 has already been wiped out...I haven't been following my news feed of late is it possible POTUS has said something that has put fear into our markets ??
New regulations maybe which are not being liked and the outcome is being reflected on the market's??

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Quote from: Oshosondy on December 19, 2024, 11:06:50 PM

Quote from: Poker Player on December 19, 2024, 10:59:31 PM

I am writing two days after you opened the thread, therefore knowing that the price has dropped below $100K, the only thing to comment is that bitcoin is cheap, very cheap. A bargain I would say for what it is going to be in a year from now, and if we look much further ahead, as in 10 years from now we are going to take money from wherever to buy as much as possible at these bargain prices.

You are right. But when I posted this, $100000 was the support. The bears were unable to drive the price below $100000 at the time. The price went up to $102700 before falling again which led to the price to dip below $100000. I can see that $96000 became the new support and the market is kind of going up right now. I think the news that cause all these may no long have effect again. They were really negative news.

$96k has also been shattered, and we are down to $94k, I don't think that it was due to perma bears in the market. It's obvious that there are negative news coming from the FEDS that really cause the market to crash right now. Although I still believed that we can overcome this next year when Trump become the official US President. But for now, Powell statement has a severe effect, as there are investors who panic. But the thing is that when there is a sell-off, the market is still dominated by Bitcoin which means that they didn't put their money on the alts. So I think that is a good sign that they will be back in the market again, maybe they hedge and let this sentiments subsides in the next 2 days or so.

Topic: Bitcoin crashing, $100k possible support - page 2. (Read 851 times)