Bitcoin fall below $30k - page 7. | Bitcointalksearch.org

Tellek Garing

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Quote from: lienfaye on May 11, 2022, 09:35:28 PM

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.

I thought the price wont go down further below $30k due to whales who will certainly take advantage this dip, but im wrong. I forgot that anything is possible to happen in crypto and its really unpredictable.

The price is below $30k now and there's no signs or any fundamental to assume the price will recover anytime soon.

Thus I'd like to remind everyone not to panic because its just a normal scenario in crypto market.

The bear market have continued unabated for almost months now but this week it took another trend that see Bitcoin price plumbing below the 30k region and at the moment the price is struggling around the 28k to 29k which indicates a further crash in the price.

Well let see what happens in the price if it will fall back to 20k or below but at the moment we are uncertain were the price will peg before is get momentum for future increase.

lienfaye

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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.

I thought the price wont go down further below $30k due to whales who will certainly take advantage this dip, but im wrong. I forgot that anything is possible to happen in crypto and its really unpredictable.

The price is below $30k now and there's no signs or any fundamental to assume the price will recover anytime soon.

Thus I'd like to remind everyone not to panic because its just a normal scenario in crypto market.

Wexnident

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Well considering how we already broke down below $30k, naturally the next level we should watch would be the $25k level. It should be pretty good for investors looking to get into the market since, well, the price is low. No better time than now to buy and hold. As for people who already have bought, no use in panic selling, that's just a one-way trip to losing your money really.

The price might still definitely go lower, the bearish sentiment is still there after all though I did not expect we would go this low. We all expect a recovery though, it's just a matter of when it actually would (maybe at the last quarter of the year?)

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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.

While I do not think the price will remain too long at the current level, which is below 30000, at the same time I can recognize that when traders panic and fear is so palpable in the markets then the price could go down and reach 25000 or even a lower value, but I think that even in that scenario the price will not remain there for long, as the demand by the whales and retail investors will grow and they will begin to purchase all the bitcoin they can buy when the price of bitcoin is so cheap.

Fundamentals Of

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It looks like there is actually no end in sight here. We are currently in a bear market and it seems we are stuck in the middle of it right now. So $25,000 is very possible. That's within arm's reach already with the current price of $29,000. If the price easily fell from $39,000 to $30,000, it would be a lot easier for it to fall to $25,000 right now. That's just barely $4,000 away.

The entire market is undergoing a strong sell pressure. This has caused ripples and definitely made a lot of retail investors sell.

TravelMug

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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.

ultrloa

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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.

Oceat

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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

rossjamie

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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

$crypto$

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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.

alisonwonder

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Quote from: cryptomaniac_xxx on May 11, 2022, 04:03:50 PM

But so far the price is around $29k, there's too much selling going on right now, maybe investors have panicked when we started to see the price going down from $35k->$32k. So the pressure is still there but nevertheless I still think that we can bounce to $30k again.

We are seeing the worst case scenario this week and the market has been falling drastically nonstop, many investors are panicking because of the negative speculation on the market and they are wary of higher losses as the market has been declining without any meaningful recovery.

TimeTeller

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Quote from: ajochems on May 11, 2022, 03:12:50 PM

Most of the bitcoin supporters had their positive post here.Some people had criticised the bitcoin and most of the coin.The bearish market begins in bitcoin after a huge gap.So I suggest all the traders and investors to hold your money in crypto currency.Cashing out to Fiat doesn’t had any good use.Because the bitcoin will get back to 40k dollars for sure.Don’t do panic selling.

If there is really no urgent need for your crypto to convert to fiat, then don't.
This is just another bearish moment in btc, and sooner or later, we will see it rising again in no time.
Those panic sellers will regret once we are seeing the recovery of the market.
This is just another test for those weak hands to how long they can hold while seeing the market in red position.

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Quote from: Reid on May 11, 2022, 11:45:18 AM

Man, I don't know. My predictions was all wrong as I thought the bottom will be $35k and no lesser than that. But was surprised it could go way low than it.

There is some discussion in this forum that the BTC price will fall below $30k so I wasn't surprised to see the current market price.

Quote from: Reid on May 11, 2022, 11:45:18 AM

Well, I have bought Bitcoin at $30k so I guess I should just stop worrying it could go down even further. It's just a waste that I could've got more than what I have now if I bought now.
The lowest price?

You can always buy it again. There is no one stopping you to accumulate when the BTC price charts indicate a lower low.

Quote from: Reid on May 11, 2022, 11:45:18 AM

No one knows but I wish it will end now and go back up in no time.

Someone predicted the price to fall this low but we all know that the Bitcoin market will recover.

Quote from: Reid on May 11, 2022, 11:45:18 AM

It had been a crazy week.

Indeed it was a crazy on-sale week for Bitcoin.

cryptomaniac_xxx

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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.

Well what if the capitulation happen to $20k? I think for me this will be the bottom, the previous all time high. This is worst but we still need to prepare in this kind of scenario.

But so far the price is around $29k, there's too much selling going on right now, maybe investors have panicked when we started to see the price going down from $35k->$32k. So the pressure is still there but nevertheless I still think that we can bounce to $30k again.

ajochems

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Most of the bitcoin supporters had their positive post here.Some people had criticised the bitcoin and most of the coin.The bearish market begins in bitcoin after a huge gap.So I suggest all the traders and investors to hold your money in crypto currency.Cashing out to Fiat doesn’t had any good use.Because the bitcoin will get back to 40k dollars for sure.Don’t do panic selling.

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

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.

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.

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.

tabas

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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.

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.
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.

OgNasty

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Bitcoin indeed fell below $30K for a bit a couple of times over the last 24 hours. Unfortunately for me, I have to wait for funds to be moved over in order to buy anything, but the market certainly seems to be offering one of it's black swan sales.

The question is, who here managed to buy some Bitcoin under the $30,000 price level? I'm not going to back the truck up here, but I'm certainly looking to buy back more BTC than I sold during higher price levels. Hopefully we don't see the fall down to $10K. My biggest concern though was with the coming mtgox coins distribution. Do Kwon has shown that the market can digest billions of dollars in BTC being dumped on it though, so it's likely that we won't see a return to $10K just from the mtgox coins alone. An ETF would sure be nice right now though. More downward pressure could be alleviated with some upward pressure. Just waiting on the SEC...

carlfebz2

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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.

Everything could happen and now the price is sub 30k price as of this writing which means that 25k isnt really that too far off for us to reach on.Lots are already in panic for sure as of this moment specially into

those people who had bought on peak price.This is indeed like on 2018 event or situation but on the other hand it is really just a good time for us to buy cheap bitcoins or other altcoins in the market.

Somehow its really hard to make out some buying decisions as of this moment yet we are looking for the possible bottom before it would make out some recovery.

RILWAN

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I was chucked to see Bitcoin falling below 28,000 dollars in the early hours of today before it bounced back to above 30,000 right now. This week and the previous weeks have been bad for Bitcoin.

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