Bitcoin fall below $30k - page 6. | Bitcointalksearch.org

RealMalatesta

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Quote from: kelonmusk on May 13, 2022, 04:54:44 AM

the last 24 hours the price of BTC has started to rise about 9% above the $30k average. this is a just my opinion if BTC can maintain its value above the $30k average then I have no doubt that BTC could switch to a price of $32k - $33k in the next few weeks. maybe!

Being over 30k is certainly sending a message. It means that we were in a crash not because anything related to the market, but because it was an artificial drop caused by the Luna madness and not that's gone, we are doing much better.

I agree as well, I think it was basically Luna team destroying the whole market with their non-working system that crashed, and we could end up knowing what's the good thing we are looking at today by seeing how the prices are going up on all the good coins. Just relax, watch the prices rise, and enjoy the profits. If you were smart enough to buy, you would be profiting a lot, but if you are smart enough to just not sell, that's good enough.

7788bitcoin

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Quote from: kelonmusk on May 13, 2022, 04:54:44 AM

the last 24 hours the price of BTC has started to rise about 9% above the $30k average. this is a just my opinion if BTC can maintain its value above the $30k average then I have no doubt that BTC could switch to a price of $32k - $33k in the next few weeks. maybe!

It is showing some signs of recovering in the past few hours and it is still hovering around $30k and it can even go down from this position. It is hard to predict now. Luna which i think started this spiral downtrend will not recover and their so called stable currency went down the drains and i cannot imagine how many lost their hard earned money in that.

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Quote from: maydna on May 12, 2022, 07:36:54 AM

No one will know where the price goes now as we can hope that the price will not go down further because this already made many people panic and perhaps, they have already sold their bitcoin because of fear. Perhaps, we can wait for a while and check the trend so we can prepare for buying some satoshi but still, we don't know how low the price will be.

But some people say that the price can touch $25k or even lower than that so we need to be ready if the price jumps deeper than now. Just make sure you have more money to buy at the dip.

You can sort of guess what it's going to do. Nobody knows if it will go down or up, but you can guess that it won't really go down "that" much could it? I cannot say that it won't go down, but the up seems a lot better than the down.

It means that we could do 2x easily, that wouldn't be really that hard, but going down 50% would be pretty difficult. That is what the risk reward ratio means, you have to calculate how easy it is to do 2x, and that's about 50-55k right now, which is something we did, and actually got pretty close like only a month ago or so when we reached 48k, whereas going 50% would mean under 15k, which is something we haven't reached since 2020.

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the last 24 hours the price of BTC has started to rise about 9% above the $30k average. this is a just my opinion if BTC can maintain its value above the $30k average then I have no doubt that BTC could switch to a price of $32k - $33k in the next few weeks. maybe!

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Quote from: el kaka22 on May 12, 2022, 11:53:39 AM

Honestly at this point nothing shocks me anymore, it's quite possible that we could go even under 28k and I wouldn't be shocked. The initial drop started when the FED declared the interest rate hike, however this luna deal made it very weird, like really weird. They ended up 95%+ down, and this created a vortex in crypto where everything you throw at it dropped and disappeared.

I am not really seeing any way out except waiting for it to end, which it will end and all of this will be over but it will take some time. We just need to wait for it to pass, and eventually everything will be back to normal prices, and until then, all prices are acceptable.

for the current conditions, anything can happen, so we have to prepare for that. i heard that Luna has a lot of bitcoins, and the people holding luna and UST right now are really freaking out. it made a pretty deep push for bitcoin from $34k to $28k in no time. this has a big effect on altcoins, so, I also think that a price below $28k is still very possible.
Even so, it looks like the current bitcoin price has recovered a bit. although it is too soon to draw conclusions, however, this is also hope. I know that nowadays quite a lot of people are panicking, and are starting to stabilize their coins or assets. however, with the current state of affairs, we had already thought of the worst, so when it did, it probably wouldn't be a sudden shock.

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Honestly at this point nothing shocks me anymore, it's quite possible that we could go even under 28k and I wouldn't be shocked. The initial drop started when the FED declared the interest rate hike, however this luna deal made it very weird, like really weird. They ended up 95%+ down, and this created a vortex in crypto where everything you throw at it dropped and disappeared.

I am not really seeing any way out except waiting for it to end, which it will end and all of this will be over but it will take some time. We just need to wait for it to pass, and eventually everything will be back to normal prices, and until then, all prices are acceptable.

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Quote from: ultrloa on May 11, 2022, 06:49:20 PM

Quote from: Oceat on May 11, 2022, 06:29:39 PM

Quote from: rossjamie on May 11, 2022, 06:23:38 PM

Well, I just think this pattern is following what happened in 2019. But it will recover soon, I am just thinking to buy more "at the right time". But, with the current political situation, I just sit and wait because any global political movement likely impacting the crypto prices

The dip is extremely very deep that it took a few days to came down this price. I think this is what investors been waiting but why they aren't buying instead? The fud may be the reason or it's just that people are panic selling this time, well, we can't stop them from doing that but we already know what to do during this time. Buy more and HODL! I hope they read that or it's just they are so afraid that they would still think it's like a bubble again. Lol

They are not buying yet since there are speculation that maybe we can see more dump since we are now facing a bear market season and hope it will not be very bloody since this could totally wrecked many investors who keeps holding their balances in their wallet. Lets just wait maybe a few more days since from that I'm sure whales will do some actions either to cover up their losses or take positions for long term hold.

Sometimes waiting too much could be dangerous because you might miss your chances to buy when you had the chance. The best way to catch up is to keep buying the dip if you have more money that you could risk. The fud is really pushing more people to panic selling this time because it looks like it's going to reach $20k soon if this panic don't stop. Perhaps that's a great idea for some since they like to buy at that price but it's only effective if you are planning to hodl Bitcoin for long term until the bull market is back.

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No one will know where the price goes now as we can hope that the price will not go down further because this already made many people panic and perhaps, they have already sold their bitcoin because of fear. Perhaps, we can wait for a while and check the trend so we can prepare for buying some satoshi but still, we don't know how low the price will be.

But some people say that the price can touch $25k or even lower than that so we need to be ready if the price jumps deeper than now. Just make sure you have more money to buy at the dip.

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Quote from: 19Nov16 on May 12, 2022, 04:00:13 AM

I was surprised and confused with what happened for a few days now, not usually the market drop is too deep, even the assets that I have, namely Luna, is now almost worthless because dropping from $ 100 last week is now only 12 cents, some exchanges froze terra assets and this thing Makes me worry that it will have an impact on other coins.

The decline was not as slow as the decline in the market last month.
However, the downturn in the market this time has really taken a very far-reaching stance so that many of us are unable to move and secure the assets that we have first.
I don't know what happened behind all this.
If you say it has an effect on other altcoins, it is certainly very influential, almost 25 other altcoins also follow the bitcoin market price and are teraluna.

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Quote from: TravelMug on May 11, 2022, 08:54:22 PM

Quote from: $crypto$ on May 11, 2022, 06:09:30 PM

This is much worse than what I imagined, bitcoin is still moving downwards there is a possibility of $20k it will definitely happen I know this is a big loss we feel more anxious because all cryptocurrencies suffer the same fate but we have made sure we hold on to better bitcoin compared to altcoins.
Is $20k/25k waiting for the right entry? at first glance many say who we should be in any situation and we can buy more from the basic.

The bears are right now.

The bears have been in the market since January. But this time around, they seems to be predominant as the price continue to plummet.

It seems though that this is due to the Terra Luna debacle, and as everyone is suspected, they are the one dumping bitcoins just to be able to peg their stable coins. Remember that a few months ago, the people behind this project is saying that they are going to invest billions on BTC up to May. And then the worst thing happen, their stable coins was not stable as it goes as low as .60c and people starts to panic. And to remedy this, they have to sell billions of their BTC just to peg their stable coins.

Maybe in January we didn't realize about the bear market that existed we knew bitcoin was still stable at that time, but for now the impact is so big all the local and global media are reporting a historical decline and indeed this is repeating itself but I think we need to secure assets to stable for anticipatory.

Indeed, now many are highlighting the Terra Luna project where they became one of the coins that collapsed badly, I even saw a video on tiktok where the news was that their bitcoins would be sold to cover Terra Luna's losses and there is a possibility that it will take a long process, Do Kwon even more tweet on twitter about this issue.

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Quote from: Tellek Garing on May 11, 2022, 08:46:45 AM

As we are all aware of the volatility of the Bitcoin/cryptocurrency market which give the industry the speculative tendency to allow for analysis of the market from various analysts, as the week started in an unpredictable wave of downward movement which is the lowest for a long time since 2021 many predicted thirty thousand dollars price as the bearish minimum for this season but as at the time of making this post Bitcoin price is already below 30k region and this make me think what the next limit price will be I predict $25k as the lowest Bitcoin can fall to.

Thought here are small movement upward today we cannot deny that the price drops down to 26k just now and this is alarming to those panicking and those weak investors.

https://coinmarketcap.com/currencies/bitcoin/

because I am kinda sure that they are now adding the dump selling their coin while the whole market is shaking.

Quote from: 19Nov16 on May 12, 2022, 04:00:13 AM

I was surprised and confused with what happened for a few days now, not usually the market drop is too deep, even the assets that I have, namely Luna, is now almost worthless because dropping from $ 100 last week is now only 12 cents, some exchanges froze terra assets and this thing Makes me worry that it will have an impact on other coins.

Why confused ? it is the trend now mate as the whole market is subsiding and we can see that even in all trading platform in the world.

19Nov16

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I was surprised and confused with what happened for a few days now, not usually the market drop is too deep, even the assets that I have, namely Luna, is now almost worthless because dropping from $ 100 last week is now only 12 cents, some exchanges froze terra assets and this thing Makes me worry that it will have an impact on other coins.

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Quote from: Semar Mesem on May 12, 2022, 02:24:18 AM

What we are worried about now is happening, the price of bitcoin drops below $30k and this is our dark history, if tomorrow or the day after tomorrow the price can't rise to $30k then we can be sure it will continue to drop and maybe fall below $10k again, this is hard times and being patient is better.

How come that this our dark history while the price of Bitcoin few years ago is much lower on the current price. I will agree to you if Bitcoin price revisit the price when pandemic hit global. I doubt that the price will continue to free fall below 20K. This Luna shit drama is the main reason for this kind of crypto mega dump. The Tera devs are selling there BTC just to peg there shit UST while the attacker keeps dumping there UST that purchase at discounted price. I'm sure this shit show will stop soon since they don't have unlimited supply of Bitcoin and UST that being dump in the market.

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What we are worried about now is happening, the price of bitcoin drops below $30k and this is our dark history, if tomorrow or the day after tomorrow the price can't rise to $30k then we can be sure it will continue to drop and maybe fall below $10k again, this is hard times and being patient is better.

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Quote from: Woodie on May 12, 2022, 12:01:58 AM

What's happening with the crypto markets, seems like they have entered some free fall phase which I remember seeing when price dropped from $70k to around $30k some months back, now it's about to hit one of its lows after a long time, what's really happening??
This is getting scary, roughly about 10k has been lost and its still bearish, someone fill us in...did something happen to trigger this move??

A fall below $30k has a negative effect on investors. This is an important psychological level. A very sudden and rapid fall in recent days after a fairly long and stable period at about $40k. Of course, this creates a panic that could serve as a trigger. The more they sell, the more panic is created, which pushes them to sell even more. Something like an avalanche effect is formed. But in any case, this should stop, as there will always be BTC holders who will not allow the price to fall very low. Only we can't accurately predict at what level the fall will stop.

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Quote from: Yaunfitda on May 11, 2022, 02:54:26 PM

Quote from: tabas on May 11, 2022, 02:19:07 PM

It's the same as last year, bitcoin plummeted under $30k and it had recovered eventually. But this time, we don't know how long will it stay on that price.

Last year though was different because we are still in the bull market. That's why the chances to recover are very high. As compare to 2022 wherein the bears takes over the market now.

Well, it just validated that it's lower this time. Bitcoin enters $27k and it looks like that it's going to furtherly go down in the upcoming days.

Quote from: Yaunfitda on May 11, 2022, 02:54:26 PM

Quote from: tabas on May 11, 2022, 02:19:07 PM

And if it's going to be lower for the next days to come. Just as what we're talking about buying at these certain times, it's typical to buy if you've got money ready to get in to the market.

Yes, we might as well take this situation to our side and buy bitcoin. It is cheap and we might not see this chances again. Goodluck to everyone though, hopefully we will make the right decision and learn from the 2018 bear market.

Strong hands still needed to have at these moments. Those that will be negative on it will find it hard to recover and they might exit the market, what's good with us is that we've experienced this before and this is like a usual day to us.

Woodie

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What's happening with the crypto markets, seems like they have entered some free fall phase which I remember seeing when price dropped from $70k to around $30k some months back, now it's about to hit one of its lows after a long time, what's really happening??
This is getting scary, roughly about 10k has been lost and its still bearish, someone fill us in...did something happen to trigger this move??

Paul Pogba

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Last night before i went to sleep i saw the bitcoin price was around $28k, then a few minutes it could rise again and reached $31k, i can sleep well because i'm optimistic the price will skyrocket again, but when i wake up and see the current bitcoin price around $27k of course makes I haven't eaten anything yet because it's sad to see my assets drop significantly.

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Quote from: GreatArkansas on May 11, 2022, 10:11:35 AM

$25,000 is always possible this time. But I believe if ever it will happen, that will be the first time that Bitcoin will visit again $25,000 after the start of the year 2021 which we created a new all-time-high after a long bear run during 2017-2018.
If ever that will happen, the next stop is $20,000, or just a very long wick only.

Already nearing the 25k mark and I think it will hold at that point. We are into the bear market now officially and I guess this time it might stay much longer. Not many good signals are coming out from different governments accross the globe.

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I wouldn’t be buying at $28K unless we get some type of confirmation. Remember back in 2018, it broke $6000 support and went to $5000 stayed there for a day and went lower and everybody assumed it was the low. Many got liquidated when it went into the $3.5K area.

Getting ugly out there. Stay safe and don’t use leverage. Who knows how long this bear market will last. The global markets are all messy these days including all the nasdaq stocks.

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