Bitcoin is not going to $12k. - page 2.

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Quote from: DeathAngel on September 13, 2023, 08:42:15 AM

$12,000 would be awful, I do not foresee a dump that deep. It would take something tragic like WW3 starting or a Great Depression for that to come to fruition. However, if there was an event that created a market sell off that severe, you should all buy as much as you can afford to because $12,000 would be a gift which would be short lived.

If the event had started with normal FUD it wouldn't have affected the price significantly to fall to $12,000 but the third world war would have never happened, maybe there would have been something even more tragic, that's what the mind never thought of.
Of course, this is like a gift that you have to do immediately to buy as much bitcoin as possible at a price of $12,000. If you keep delaying it, Bitcoin will quickly fly back up to its normal price.
But none of that will happen. Trust me. Cheesy

khiholangkang

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Quote from: DeathAngel on September 13, 2023, 08:42:15 AM

$12,000 would be awful, I do not foresee a dump that deep. It would take something tragic like WW3 starting or a Great Depression for that to come to fruition. However, if there was an event that created a market sell off that severe, you should all buy as much as you can afford to because $12,000 would be a gift which would be short lived.

Logically this has a possibility, but from experience bitcoin's journey to a price of $12k is impossible because we have already touched the bottom of this cycle at a price of $15k. Economic depression and the third world war might push the price of bitcoin to that point. , but if you look at the current situation and the increasing number of people who recognize bitcoin, the potential is not visible at all.

I agree that Bitcoin going to $12k is a very short gift, and it's like an angel wanting to give diamonds directly to me.

Quote from: YOSHIE on September 13, 2023, 10:03:28 AM

Quote from: Minecache on August 24, 2023, 10:39:31 PM

Personally, I also don't believe bitcoin will drop below $15k. And I think we have a chance to buy cheap and don't miss it.

Speculation can be right and it can be wrong, but speculation is a role model for many people to determine market direction, I agree $12k seems difficult at the moment, I just think Bitcoin's lowest price will be around $20k-$25k, of course we've seen $25k, maybe we'll see $20k in the future, but that's 50/50 in my opinion.

But whatever happens I hope now it's a good decision to own some Bitcoins and in the future I hope that among the various speculations I know, there will be good results.

Indeed, people have their own tendencies to respond to speculation, and among them there are also many who believe in something that is beyond their reason, but we seem to agree that this is not possible for our cycle this time "having a lot of bitcoin today is the right decision" and indeed Our bottom point is $20k, and even then it's very difficult to fall beyond that number, so what's the reason not to buy bitcoin at the current price?

YOSHIE

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Quote from: Minecache on August 24, 2023, 10:39:31 PM

Personally, I also don't believe bitcoin will drop below $15k. And I think we have a chance to buy cheap and don't miss it.

Speculation can be right and it can be wrong, but speculation is a role model for many people to determine market direction, I agree $12k seems difficult at the moment, I just think Bitcoin's lowest price will be around $20k-$25k, of course we've seen $25k, maybe we'll see $20k in the future, but that's 50/50 in my opinion.

But whatever happens I hope now it's a good decision to own some Bitcoins and in the future I hope that among the various speculations I know, there will be good results.

DeathAngel

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$12,000 would be awful, I do not foresee a dump that deep. It would take something tragic like WW3 starting or a Great Depression for that to come to fruition. However, if there was an event that created a market sell off that severe, you should all buy as much as you can afford to because $12,000 would be a gift which would be short lived.

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Quote from: bitterguy28 on September 13, 2023, 05:30:45 AM

Quote from: jasonjm on September 13, 2023, 04:21:03 AM

Quote from: CryptoBuds on September 12, 2023, 09:06:51 PM

Will people actually accumulate when bitcoin drops to $12k? Or will people get scared and keep waiting for the price to drop further and eventually no one will buy? If anyone has faith in bitcoin, the current price is suitable to buy and if it drops to 12k USD, we will buy more. As for those who do not dare to buy bitcoin at 25 thousand USD, I guarantee that they will not have the courage to buy bitcoin if it drops further. If people are willing to buy more every time bitcoin drops, then why does it drop that much?

The people who are looking to invest in bitcoin will think that let the price drop further. Every person sets a target of when and at which price he will buy, and when the price touches that range, they will certainly accumulate some bitcoins. Yes! some people might get greedy even at $12k and want to buy more lower, they will miss out. Retail investors get scared by the Bitcoin price action if they are new in the crypto market.
The price drops because this is how a stock market/ crypto market behaves. Everyone wants to earn more profit from their investments. Whales wanted to accumulate more and more coins. This is the reason why stocks behave the way they do.

those greedy people are the one who mostly to lose ,
expecting so much low is something you will regret when the bull certainly happen.
don't think price will go that low,or maybe 15-20k is the lowest that we can see before the bitcoin halving next year.
expect a low but sorry not to support that range.
market will keep shows its low , but there are recovery happening each time so i guess we are on the right track here.

If there weren't a few times where there was a big drop when no one expected it, your words would be true. But remember 2018 when bitcoin fell to 3k. Then there was 2020 when bitcoin fell to 3k again before halving. So it's better to be prepared for such a drop to be able to buy more coins. Another issue is that when the price drops, people expect it to drop even lower.

inthelongrun

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At the moment, I am really assuming that bitcoin will not really go down that low. The price already dropped hard to $15k and that was it. Since that big drop, it started to increase to $30k. Now we are at another correction at $26k. The support is holding really strong. I'm glad I was able to purchase at $25k something last week for my monthly dollar-cost averaging. The price is looking to reach back to $28k or even more in the weeks to come.

So the price of $12k for bitcoin is only a dream to those who waited for it. I bet it won't happen this cycle since the halving is already happening next year and we already know what's next.

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Quote from: bitterguy28 on September 13, 2023, 05:30:45 AM

those greedy people are the one who mostly to lose ,
expecting so much low is something you will regret when the bull certainly happen.
don't think price will go that low,or maybe 15-20k is the lowest that we can see before the bitcoin halving next year.
expect a low but sorry not to support that range.
market will keep shows its low , but there are recovery happening each time so i guess we are on the right track here.

Now we are all on a sideways path with no recovery and no decline that big, because in general the price of Bitcoin is still in the $26K range so there is no shadow of going to $20K before the halving actually occurs on Bitcoin. And in terms of timing we are currently in the fourth quarter before next year arrives, so the possibility of seeing a $20K price range I think is very small, but for a price recovery it seems much more likely to happen again for Bitcoin even if only to see the price return $30K in Bitcoin before next year.

rachael9385

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Quote from: CryptoBuds on September 12, 2023, 09:06:51 PM

Quote from: rachael9385 on September 12, 2023, 05:27:10 PM

Quote from: blckhawk on September 05, 2023, 09:32:46 AM

To be honest, I think we just have to let things roll how it will roll, let it happen. If the price arrives at that point then and there we would know if the market will still have the confidence of the people which will end up with them buying bitcoin when it goes to 12k or will they panic sell which will drive the prices even lower. I just hope that in the event it ever happens, I have already sold most of my bitcoin and then buy back at that price.

If Bitcoin goes back to that point, the demand in the market will be too much to the extent of net errors lol Cheesy

, a lot of people will lose and a lot of people will also gain. If, by any means, Bitcoin dropped to that extent, a lot of people will click the buy button and maybe before that time some investors will click on the sell button and sell their coins just like the way you are planing to sell if that time comes. Although some new investors who don't have the mindset of risking might not be involved any longer untill they start seeing how progressive the price is going.

Anyway, if Bitcoin comes back to the price of $12k, a lot of people will accumulate enough that they can afford it. I will also do the same, because my own investment strategy is just to accumulate more coin and never sell, until I am ready and I can never be ready anytime soon.

Will people actually accumulate when bitcoin drops to $12k? Or will people get scared and keep waiting for the price to drop further and eventually no one will buy? If anyone has faith in bitcoin, the current price is suitable to buy and if it drops to 12k USD, we will buy more. As for those who do not dare to buy bitcoin at 25 thousand USD, I guarantee that they will not have the courage to buy bitcoin if it drops further. If people are willing to buy more every time bitcoin drops, then why does it drop that much?

@CryptoBuds, I believe you already know the right answer to your question. For instance, you already have Bitcoin knowledge and you are so willing to invest in Bitcoin and when you checked the price of Bitcoin, it was in the range of $25,900k as it is today. Then you have the money but you didn't buy it because you were waiting for the dip and in the next 15 hours you checked again and the Bitcoin price had dropped to $12k. Will you still wait for it to drop? Of course not. For me, in a situation like this where I can't actually predict prices, I will just buy as many coins as I can afford because I don't know if such an opportunity will ever come again.

If Bitcoin dropped from $25k to $12k, no need to wait for it to drop again because that is the risk we are all talking about. As a good investment, with the little money you can afford, you should not be scared to take a risk with the capital true the help of our own strategy.

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Quote from: jasonjm on September 13, 2023, 04:21:03 AM

Quote from: CryptoBuds on September 12, 2023, 09:06:51 PM

Will people actually accumulate when bitcoin drops to $12k? Or will people get scared and keep waiting for the price to drop further and eventually no one will buy? If anyone has faith in bitcoin, the current price is suitable to buy and if it drops to 12k USD, we will buy more. As for those who do not dare to buy bitcoin at 25 thousand USD, I guarantee that they will not have the courage to buy bitcoin if it drops further. If people are willing to buy more every time bitcoin drops, then why does it drop that much?

The people who are looking to invest in bitcoin will think that let the price drop further. Every person sets a target of when and at which price he will buy, and when the price touches that range, they will certainly accumulate some bitcoins. Yes! some people might get greedy even at $12k and want to buy more lower, they will miss out. Retail investors get scared by the Bitcoin price action if they are new in the crypto market.
The price drops because this is how a stock market/ crypto market behaves. Everyone wants to earn more profit from their investments. Whales wanted to accumulate more and more coins. This is the reason why stocks behave the way they do.

those greedy people are the one who mostly to lose ,
expecting so much low is something you will regret when the bull certainly happen.
don't think price will go that low,or maybe 15-20k is the lowest that we can see before the bitcoin halving next year.
expect a low but sorry not to support that range.
market will keep shows its low , but there are recovery happening each time so i guess we are on the right track here.

jasonjm

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Quote from: CryptoBuds on September 12, 2023, 09:06:51 PM

Will people actually accumulate when bitcoin drops to $12k? Or will people get scared and keep waiting for the price to drop further and eventually no one will buy? If anyone has faith in bitcoin, the current price is suitable to buy and if it drops to 12k USD, we will buy more. As for those who do not dare to buy bitcoin at 25 thousand USD, I guarantee that they will not have the courage to buy bitcoin if it drops further. If people are willing to buy more every time bitcoin drops, then why does it drop that much?

The people who are looking to invest in bitcoin will think that let the price drop further. Every person sets a target of when and at which price he will buy, and when the price touches that range, they will certainly accumulate some bitcoins. Yes! some people might get greedy even at $12k and want to buy more lower, they will miss out. Retail investors get scared by the Bitcoin price action if they are new in the crypto market.
The price drops because this is how a stock market/ crypto market behaves. Everyone wants to earn more profit from their investments. Whales wanted to accumulate more and more coins. This is the reason why stocks behave the way they do.

CryptoBuds

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Quote from: rachael9385 on September 12, 2023, 05:27:10 PM

Quote from: blckhawk on September 05, 2023, 09:32:46 AM

To be honest, I think we just have to let things roll how it will roll, let it happen. If the price arrives at that point then and there we would know if the market will still have the confidence of the people which will end up with them buying bitcoin when it goes to 12k or will they panic sell which will drive the prices even lower. I just hope that in the event it ever happens, I have already sold most of my bitcoin and then buy back at that price.

If Bitcoin goes back to that point, the demand in the market will be too much to the extent of net errors lol Cheesy

, a lot of people will lose and a lot of people will also gain. If, by any means, Bitcoin dropped to that extent, a lot of people will click the buy button and maybe before that time some investors will click on the sell button and sell their coins just like the way you are planing to sell if that time comes. Although some new investors who don't have the mindset of risking might not be involved any longer untill they start seeing how progressive the price is going.

Anyway, if Bitcoin comes back to the price of $12k, a lot of people will accumulate enough that they can afford it. I will also do the same, because my own investment strategy is just to accumulate more coin and never sell, until I am ready and I can never be ready anytime soon.

Will people actually accumulate when bitcoin drops to $12k? Or will people get scared and keep waiting for the price to drop further and eventually no one will buy? If anyone has faith in bitcoin, the current price is suitable to buy and if it drops to 12k USD, we will buy more. As for those who do not dare to buy bitcoin at 25 thousand USD, I guarantee that they will not have the courage to buy bitcoin if it drops further. If people are willing to buy more every time bitcoin drops, then why does it drop that much?

STT

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If BTC has failed to break down as it was threatening that begins at least the start of a possible positive reflex reaction upwards. It was only on a small scale so I dont know its enough to break the prior range but perhaps we can now trade above 26.5k for a day or more and take it from there. Something new would be nice to occur.

rachael9385

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Quote from: blckhawk on September 05, 2023, 09:32:46 AM

To be honest, I think we just have to let things roll how it will roll, let it happen. If the price arrives at that point then and there we would know if the market will still have the confidence of the people which will end up with them buying bitcoin when it goes to 12k or will they panic sell which will drive the prices even lower. I just hope that in the event it ever happens, I have already sold most of my bitcoin and then buy back at that price.

If Bitcoin goes back to that point, the demand in the market will be too much to the extent of net errors lol Cheesy

, a lot of people will lose and a lot of people will also gain. If, by any means, Bitcoin dropped to that extent, a lot of people will click the buy button and maybe before that time some investors will click on the sell button and sell their coins just like the way you are planing to sell if that time comes. Although some new investors who don't have the mindset of risking might not be involved any longer untill they start seeing how progressive the price is going.

Anyway, if Bitcoin comes back to the price of $12k, a lot of people will accumulate enough that they can afford it. I will also do the same, because my own investment strategy is just to accumulate more coin and never sell, until I am ready and I can never be ready anytime soon.

South Park

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Quote from: coolcoinz on September 11, 2023, 03:04:21 PM

Quote from: JoyMarsha on September 11, 2023, 02:46:10 PM

The price of bitcoin that I can foresee for bitcoin to go low is $22k. That's the lowest price I can say. Any price below that will be difficult to break before the halving and bull run starts.

I don't have such limits in mind. To me it doesn't really matter if it goes to 22k or 21k, or 20k... Al of this is below the 200 week average, below the fair price of bitcoin and probably already below the mining cost floor, although I haven't checked that for some time.
Bitcoin is already severely undervalued.
If it goes below 20k it's going to be even more. A rubber band can be stretched to a certain point, but you can't keep doing it forever.
In 2022 the cost of mining was already above 15k USD and it keeps going up. If you forgot to get on the train at 16k, you missed your chance.

Sometimes it seems as if people forget that bitcoin is a POW coin, meaning that just like gold it takes a lot of money to mine a single block, and as such there is a floor to how low the price of bitcoin can go, and if the price of bitcoin was manipulated by the whales and speculators to go lower than that then the miners will immediately respond to it by not selling their coins, diminishing the supply of bitcoin available at exchanges and eventually pushing the price to be above that level.

Odohu

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Quote from: Vaskiy on September 03, 2023, 10:08:25 AM

Precise prediction is really tough with bitcoin. Unexpected incidents happening with bitcoin is the reason for the market upward and downward movement. Before big rise in the price there used to be fluctuation in the market. What we experience seems like regular market pattern. We don't know how far the price will go high or low, but in the upcoming days we can expect price reach around $20k and not lower.

I don't know how you come about the conclusion that we will see the $20k region again in the coming days. Even though I keep an open mind to every possibilities, price going back to that region is increasingly appearing unlikely. Just within 24 hours, Bitcoin have gained about 3.5%, this shows that price have not completely broken the $26k region. Now factor this in to how much time we have before first quarter of next year when the Bitcoin ETF is expected to be approved; you will see that price going to the $20k region will be a major surprise. But then, anything can happen.

As for the topic of this thread which is Bitcoin going to $12k, that will have serious devastating effect on a lot of people who so much believe that we a bull market is in sight. I sincerely what is motivating people to think of the $12k region again... to me we have long passed that region.

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Quote from: coolcoinz on September 11, 2023, 03:04:21 PM

Quote from: JoyMarsha on September 11, 2023, 02:46:10 PM

The price of bitcoin that I can foresee for bitcoin to go low is $22k. That's the lowest price I can say. Any price below that will be difficult to break before the halving and bull run starts.

I don't have such limits in mind. To me it doesn't really matter if it goes to 22k or 21k, or 20k... Al of this is below the 200 week average, below the fair price of bitcoin and probably already below the mining cost floor, although I haven't checked that for some time.
Bitcoin is already severely undervalued.
If it goes below 20k it's going to be even more. A rubber band can be stretched to a certain point, but you can't keep doing it forever.
In 2022 the cost of mining was already above 15k USD and it keeps going up. If you forgot to get on the train at 16k, you missed your chance.

Cant really stop those people who would really be thinking that the price might go down even more, we aren't really that removing those probabilities but knowing that when it comes to technical aspects and other factors

which we could actually check then there's no way that it could really be able to hit that low but well there's always the chance considering that this market isnt predictable since from the start.
I did really have that regret on missing out that $15k drop which i did make out some entry when it do hits up $18k which it isnt that bad either but it would be good if i did hit the sweet spot but since
im also those people who do really expect for that $12k but it didnt happen.

We do have strong supports now and one shows on 25k which it did make out some rebound at the time that it had been touched. We cant be sure if there wont
really be some breakouts later on or we would be seeing 30k once again.It is really that always hard to predict out if there are no news or sentiments around which would acts as a catalyst.

coolcoinz

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Quote from: JoyMarsha on September 11, 2023, 02:46:10 PM

The price of bitcoin that I can foresee for bitcoin to go low is $22k. That's the lowest price I can say. Any price below that will be difficult to break before the halving and bull run starts.

I don't have such limits in mind. To me it doesn't really matter if it goes to 22k or 21k, or 20k... Al of this is below the 200 week average, below the fair price of bitcoin and probably already below the mining cost floor, although I haven't checked that for some time.
Bitcoin is already severely undervalued.
If it goes below 20k it's going to be even more. A rubber band can be stretched to a certain point, but you can't keep doing it forever.
In 2022 the cost of mining was already above 15k USD and it keeps going up. If you forgot to get on the train at 16k, you missed your chance.

JoyMarsha

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There are only a few months left in the year, and the price of bitcoin is yet to break the $25k range before the idea of a $12k price will start ringing in people's ears.

The price of bitcoin that I can foresee for bitcoin to go low is $22k. That's the lowest price I can say. Any price below that will be difficult to break before the halving and bull run starts.

Due to the approaching halving season, I believe the $12k pricing cannot be achieved. I would have agreed more that the price of bitcoin may drop to $12k if we were still in the first quarter of the year. Since we are not, but instead at the third quarter of the year, a $12k price will not be possible to come by.

Out of mind

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Looking at the BTC market lines, we can predict where the next position is likely to go. Back in 2023, the BTC price list made a lot less sense, but we expected Bitcoin to be close to $45,000 this month. But the market changes that have caused the Bitcoin market to dump rather than grow. However, if we analyze the markets at the end of this year, then you can definitely expect to see the price of Bitcoin at $40,000. Since we have to be patient to see Bitcoin grow, we can see a good pumping of Bitcoin. As the Bitcoin halving occurs next summer and then the market crash begins, the Bitcoin price will peak. And we must be patient to get to that point, but we can see the BTC market at that point.

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Quote from: yohananaomi on September 06, 2023, 08:12:06 PM

You can be sure that when the price is close to $20K, there will be many who will speculate, especially large traders who are looking for opportunities to maneuver, which could make the price go back down or increase again because they buy. I'm sure many will do the same as you and quickly sell when the price drops to $12K and buy at that price because of the opportunity to buy cheaply.But I don't think the price will fall below $20K because many people don't want to try to intervene, especially the big traders.

Nothing is impossible, but we also have to think realistically in seeing the possibilities that will happen.
So far Bitcoin's movement continues to experience corrections slowly, and throughout this year this has happened frequently, but not so deep that it is difficult to recover, so I think for the near future it is almost certain that we will not be able to reach the price of $12k.

Quote from: TelolettOm on September 05, 2023, 06:26:31 PM

I don't know in what way they can determine it. But I really doubt it if BTC will drop around $12k-8k$. The bearish period is almost over, we are heading the end of second year of bearish. Even there will be dump again, ideally it should be not very far from the current price.

Nothing is impossible, but we also have to think realistically in seeing the possibilities that will happen.
So far Bitcoin's movement continues to experience corrections slowly, and throughout this year this has happened frequently, but not so deep that it is difficult to recover, so I think for the near future it is almost certain that we will not be able to reach the price of $12k.

Quote from: blckhawk on September 05, 2023, 09:32:46 AM

To be honest, I think we just have to let things roll how it will roll, let it happen. If the price arrives at that point then and there we would know if the market will still have the confidence of the people which will end up with them buying bitcoin when it goes to 12k or will they panic sell which will drive the prices even lower. I just hope that in the event it ever happens, I have already sold most of my bitcoin and then buy back at that price.

Taking advantage of the time/moment to be able to take advantage is something that must be done, but we also have to read the market situation if we have Bitcoin or want to buy Bitcoin, this is very important to minimize risk or take profit.
If the time of a significant decline has occurred, of course we must also be prepared.

Topic: Bitcoin is not going to $12k. - page 2. (Read 992 times)