Bitcoin is not going to $12k. - page 4.

AbuBhakar

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Quote from: fzkto on September 02, 2023, 01:04:14 PM

Quote from: Odohu on September 02, 2023, 12:54:53 PM

The reasons given in this post are actually valid and plausible. While we don't want Bitcoin to go to $12k, it is better to keep an open mind policy when it comes to a volatile market like Bitcoin. Nevertheless, I am never thinking in the direction of any major dump that will take price that low.

Personally, I have learnt to apply DCA in managing my portfolio as I am strongly bullish considering the lineup of events from next year onward.

Bitcoin has often shown surprises, both bad and good. For example, this happened in 2018, in 2020. In 2022, nobody expected the price to fall to 15k either. It turns out that in every two years there was a dump. I wouldn't be surprised if in 2024, for example before halving, the price drops a lot again. It would be a pattern.

It’s the typical pattern for trading since dump represents take profit from traders who purchase lower including those who cutloss. There’s no continuous upward pattern because it will only create a bubble that will popup eventually. Price dip is always almost equal to the price pump so expect a strong dump whenever there’s a strong market hype because people will surely take profit since we are all trading for profit here.

12K is still possible since those institutional investors that holding huge chunk of Bitcoin has time limit since they have investors to be paid. Price can go down way below once they decided to cutloss which I believe very low chance to happened right now but there’s always a possibility.

fzkto

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Quote from: Odohu on September 02, 2023, 12:54:53 PM

The reasons given in this post are actually valid and plausible. While we don't want Bitcoin to go to $12k, it is better to keep an open mind policy when it comes to a volatile market like Bitcoin. Nevertheless, I am never thinking in the direction of any major dump that will take price that low.

Personally, I have learnt to apply DCA in managing my portfolio as I am strongly bullish considering the lineup of events from next year onward.

Bitcoin has often shown surprises, both bad and good. For example, this happened in 2018, in 2020. In 2022, nobody expected the price to fall to 15k either. It turns out that in every two years there was a dump. I wouldn't be surprised if in 2024, for example before halving, the price drops a lot again. It would be a pattern.

Odohu

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The reasons given in this post are actually valid and plausible. While we don't want Bitcoin to go to $12k, it is better to keep an open mind policy when it comes to a volatile market like Bitcoin. Nevertheless, I am never thinking in the direction of any major dump that will take price that low.

Personally, I have learnt to apply DCA in managing my portfolio as I am strongly bullish considering the lineup of events from next year onward.

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Quote from: Unbunplease on September 01, 2023, 09:38:46 AM

I don't understand why the 12,000 figure is mentioned again. Bitcoin is about to halving, and after that, historically, a bull run begins. It is unlikely that there will be very negative events before the halving that will cause such a big drop. Besides, people have already learned to wait.

You seem to be a forgetful person, do you remember what happened in 2020? As halving approaches, bitcoin suddenly drops from $12k to $3k.
I don't understand why so many people theorize that bitcoin will drop to 12k or 15k and not some other number, but anything can happen.
Furthermore, you also don't forget that the bull season will come a year after the halving if we rely on history, so claiming that the halving is approaching and bitcoin will never drop is an unfounded prediction. I don't know if bitcoin can drop to 15k$ again, but it is normal for bitcoin to continue to fall and have many corrections even when the halving occurs.

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Quote from: Unbunplease on September 01, 2023, 09:38:46 AM

I don't understand why the 12,000 figure is mentioned again. Bitcoin is about to halving, and after that, historically, a bull run begins. It is unlikely that there will be very negative events before the halving that will cause such a big drop. Besides, people have already learned to wait.

The only reason I can think of is that last year we have seen lowest low of $15,500. So maybe the OP thinks that we can go below to $12k if there is a black swan events similar to FTX collapse last year that really put the market down.

However, we might or might not see some events unfold for this year. And it by chance this quarter there is no such things, then I doubt that $12k can be reach. And after that, 2024, we will have the bitcoin block halving and so the bull run will commence.

MFahad

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In cryptocurrency everything is possible because as we think about history so people experience each and every type of circumstances, they experience 15k$, 12k$ and even they see the Bull run of 69k$ so we can concluded that everything is possible and we should mentally accept this fact.

The price remains between 25k$ and 27k$ which means that it is not effected too much by news and people still believe on the success of bitcoin so hopefully it will increases in price instead of going back to 12k$

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I don't understand why the 12,000 figure is mentioned again. Bitcoin is about to halving, and after that, historically, a bull run begins. It is unlikely that there will be very negative events before the halving that will cause such a big drop. Besides, people have already learned to wait.

WatChe

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Quote from: uchegod-21 on August 31, 2023, 04:39:25 AM

This is rightly among the funny things that happens in the market. When bitcoin price first hit 25k few days ago, every speculations and predictions were pointing to 20k, 15k and 12k. Just within few minutes that bitcoin made an upward movement, every speculations is now 30k qnd 35k. No one predicts accurately the bitcoin price and that is why it is called speculations. The best that can happen is that some will be very close to the real price while some will differ much. This is the reason everyone needs to do their own research and be responsible for their actions.

Bitcoin after making a jump to 28k is now trading at 26k. I haven't checked news yet but I am sure analysts were busy convincing people that bitcoin is going bearish and price will be soon 20k.
The point is bitcoin is fully volatile all the time and no one can predict what path it's price will chose tomorrow or day after. Seeing recent small bull run its good opportunity to accumulate the discounted Bitckins.

Popkon6

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Our only problem is that we are in a bearish market for Bitcoin. The global economic market is currently in a very dire state due to which everyone is in a state of panic. The Bitcoin market will definitely be bullish in early 2024 as the Bitcoin halving is awaited. So if we don't choose the right time to invest then the current time is the right time. Because the upward trend of Bitcoin can be observed from November December this year.

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$20k is where its gonna bottoms out, even we've seen $16k this year around but after the price recovering back i'm sure $20k is where people gonna bag it and thus gonna be the bottom of bitcoin.
even though this year i don't really think bitcoin gonna go past $30k since the current circumstance doesn't show that good.
but i'm sure though that in the future lik in 2024 and 2025 bitcoin gonna be regaining massive new all time high that gonna shocks many, bitcoin always known to make comeback after certain period of bearish run in which in this case
we've gotten too long of a bearish, and everyone is already making accumulation at the bottom i guess, so its only gonna go up in the next year though everything still uncertain.

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Quote from: Nrcewker on August 31, 2023, 08:53:33 AM

Quote from: woez on August 30, 2023, 02:10:14 AM

Quote from: Sexylizzy2813 on August 30, 2023, 01:25:45 AM

I was thinking it was going to be around $25k-$26k before the end of this month because it wasn't showing any sign of bumping but as of 2 days back it began to go up, just yesterday we saw how fast it went from $26k-$27k in 2-3hrs I suppose.
I haven't seen it move so fast, with all these happening it got me believe that it won't remain at $25k till the end of the month and it will never get close to $20k talkless of going down to $12k. And today's going to be another bump, who knows it might even get to $30k.

Fast up, of course, fast down, well, Sundays usually go down if I notice there is a lot of BTC selling, even with small amounts in the market during that time. but, I think it's reasonable. Yes. today's increase could be a healthy sign for the market going forward and up again BTC price to $50K if possible.

When the price increases, it only proves that there are more buy orders then sell orders. It also defies that the demand to accumulate Bitcoins among the users is increasing. So it’s always wise that when the price is down just accumulate as many coins as you can, and when the price goes up, just sell it to accumulate the max profit. This is followed by all of the traders. So don’t hope that Bitcoins will fall more down in price.

What you've said is the basic trading practice followed by the traders. This isn't for cryptocurrency alone, everywhere this is the same. Price movement of bitcoin is unpredictable. It could go down to any bottom point. In the past when the price was predicted to be around $5k it continued to move slowly and touched $20k+ and later the price touched around $3k when no one is expecting such a bottom. Even now we can't be sure of bitcoin reaching specific price and not lower based on some assumptions, reality could differ and we should be ready to handle situations.

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Quote from: Maslate on August 30, 2023, 08:21:43 AM

There are numerous reasons why Bitcoin might experience a price increase, as you've pointed out in the original post. However, due to the inherent unpredictability of the market, there's no certainty that the price won't decline during such lows. I've observed several instances in the past where despite positive news, Bitcoin's value still decreased. One of the primary reasons for this phenomenon is likely price manipulation, which could still be ongoing.

From a personal perspective, I'm prepared for the possibility of a price drop and won't succumb to panic. My optimism stems from the belief that the mentioned factors are sufficient grounds for Bitcoin's eventual recovery, leading to a price increase that might even reach a new all-time high following a halving event.

I feel like we are going to end up with something that is a bit different in this case. I do believe that there is going to be some changes here and there, but that doesn't mean that we are going to have a better solution. It's much better to have a reason for it to go up then just think "well technically speaking it could go down even more" because that is not really all that smart in the end.

I think it should be important to notice that we are going towards higher prices, that is what will be happening. I know many people think that it will be hard deal, but we need to realize that is the case we are facing right now and it has to happen one way or another, it is just the natural part of the process at this point.

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Quote from: woez on August 30, 2023, 02:10:14 AM

Quote from: Sexylizzy2813 on August 30, 2023, 01:25:45 AM

I was thinking it was going to be around $25k-$26k before the end of this month because it wasn't showing any sign of bumping but as of 2 days back it began to go up, just yesterday we saw how fast it went from $26k-$27k in 2-3hrs I suppose.
I haven't seen it move so fast, with all these happening it got me believe that it won't remain at $25k till the end of the month and it will never get close to $20k talkless of going down to $12k. And today's going to be another bump, who knows it might even get to $30k.

Fast up, of course, fast down, well, Sundays usually go down if I notice there is a lot of BTC selling, even with small amounts in the market during that time. but, I think it's reasonable. Yes. today's increase could be a healthy sign for the market going forward and up again BTC price to $50K if possible.

When the price increases, it only proves that there are more buy orders then sell orders. It also defies that the demand to accumulate Bitcoins among the users is increasing. So it’s always wise that when the price is down just accumulate as many coins as you can, and when the price goes up, just sell it to accumulate the max profit. This is followed by all of the traders. So don’t hope that Bitcoins will fall more down in price.

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Quote from: onecall123 on August 25, 2023, 09:29:54 AM

nah! Absolutely not!
I'm getting the sense of a usual bear market atmosphere. Personally, I'm not convinced that Bitcoin will go under $20k, but it looks like there's an opportunity to accumulate at a lower price. This is the moment between market lows and bullish. Bull markets make people rich, but become wealthy in bear markets. We should not allow the bottom to not only drop, but take the benefits as well.

You're right, a bear market should not be seen as the period to fear about what we have invested or have a change in decision, we could also see again as an opportunity for others to take advantage of bitcoin investment against the future, when we have a favourable dip period to enter and invest, then we can have more enough reasons to continue holding till we experience a new all time high, if we are traders, we can make the opportunity in it as well in going on a short position trade to earn from it.

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Quote from: woez on August 30, 2023, 02:10:14 AM

Fast up, of course, fast down, well, Sundays usually go down if I notice there is a lot of BTC selling, even with small amounts in the market during that time. but, I think it's reasonable. Yes. today's increase could be a healthy sign for the market going forward and up again BTC price to $50K if possible.

The sign of an increase not only speaks of possibility, but also involves the time needed for Bitcoin to show an increase because currently Bitcoin is still below $30K. So it won't be easy enough to increase to the $50K range if the $30K resistance level can't be passed easily enough by Bitcoin this year, so it's possible that what Bitcoin needs now is a push for a better price increase to get past that level and approaching the $50K range by the end of the year although I don't think that price will happen this year for Bitcoin.

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Quote from: uchegod-21 on August 31, 2023, 04:39:25 AM

Quote from: WatChe on August 30, 2023, 02:59:02 PM

Bitcoin has given response of where it is going by making a strong come back yesterday. It funny to see how crypto analysts changes there perception about Bitcoin with every pump and dump. Yesterday analysts were discussing whether Bitcoin will be going to 20k or 12k, after yesterday bull run they are discussing whether Bitcoin will settle at 28k or 30k. We have to admit that there is no way we can predict future price of bitcoin and its better to accumulate Bitcoin whenever it goes down.

This is rightly among the funny things that happens in the market. When bitcoin price first hit 25k few days ago, every speculations and predictions were pointing to 20k, 15k and 12k. Just within few minutes that bitcoin made an upward movement, every speculations is now 30k qnd 35k. No one predicts accurately the bitcoin price and that is why it is called speculations. The best that can happen is that some will be very close to the real price while some will differ much. This is the reason everyone needs to do their own research and be responsible for their actions.

It shows that bitcoin has always been inclined to go against the expectations of the masses and I suspect that someone is manipulating us more than things come naturally. but it's all just predictions and there will be right and wrong, there's nothing sad when people predict wrong because they also say it's a prediction, they don't confirm anything. bitcoin is always moving and volatile in short periods of time, so people will change their opinions depending on the market situation, this is completely normal.

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Quote from: justdimin on August 30, 2023, 04:46:24 AM

Quote from: Sim_card on August 29, 2023, 06:06:57 AM

It is impossible for us to see bitcoin go below 15k again as we only have some months left to the halving and the price of bitcoin must be between the 20k-30k range,which is what we are experiencing now. I am hoping to see a pump in the price to 40k at the end of this year. This means that if bitcoin goes below 15k we won't be able to see 40k price by the end of this year. This will also affect the halving impact on bitcoin price. The halving will bring the bull market price and we are close to these two events so that is why we can't get a lower price. Bitcoin has hit its lowest price last year and wouldn't go back because there have been correction in the price already.

This is true and unfortunately there are still some people who create some fud about it. I do not know why and what the reason is but I could say that it has been on a full effect recently and it looks like they are going to keep doing it for a while longer as well.

I get that some people may want to see it change a bit but that doesn't mean that it will, it will be very different on the long run. I think the best case would be having some sort of trouble where it will not be simple for anyone to end up with a good result. I think it should be forgettable cry for help or something from trolls and we should not really be caring about what they are saying and the price of bitcoin will do just fine without a worry.

$20k is still possible but for $12k, it's really something that I don't believe bitcoin will touch as we are getting closer to halving and the macroeconomic situation is out of the question too many difficulties like what we face in 2022. I think the people who believe bitcoin will drop to $12k are the ones who missed the opportunity to buy bitcoin when it dropped to $15k and they are expecting to buy bitcoin at a lower level. But they will be disappointed with their prediction and will buy at a higher price as the halving approaches and the bear season will soon end.

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Quote from: WatChe on August 30, 2023, 02:59:02 PM

Bitcoin has given response of where it is going by making a strong come back yesterday. It funny to see how crypto analysts changes there perception about Bitcoin with every pump and dump. Yesterday analysts were discussing whether Bitcoin will be going to 20k or 12k, after yesterday bull run they are discussing whether Bitcoin will settle at 28k or 30k. We have to admit that there is no way we can predict future price of bitcoin and its better to accumulate Bitcoin whenever it goes down.

This is rightly among the funny things that happens in the market. When bitcoin price first hit 25k few days ago, every speculations and predictions were pointing to 20k, 15k and 12k. Just within few minutes that bitcoin made an upward movement, every speculations is now 30k qnd 35k. No one predicts accurately the bitcoin price and that is why it is called speculations. The best that can happen is that some will be very close to the real price while some will differ much. This is the reason everyone needs to do their own research and be responsible for their actions.

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Quote from: doomloop on August 30, 2023, 02:35:54 PM

BTC movements are unexpected. Even it is pumping it can suddenly dump hard but now that we are still at a bearish situation, the more the chance that we can reach that price ( $12k ). A fall in the price is really an opportunity for us investors and it's better to not be greedy and wait for more dips but you can set aside a little fund just in case the price falls evenly.

You can't get rich without a bear or a bull. So both of them are needed. We don't or we can't control the price. The price can just drip continuously if it wants to, but we can scratch our heads if we haven't prepared a budget for it. There are also people who have money but are not buying. In fact they are scared. These people are not briefed properly before they start.

Bitcoin has given response of where it is going by making a strong come back yesterday. It funny to see how crypto analysts changes there perception about Bitcoin with every pump and dump. Yesterday analysts were discussing whether Bitcoin will be going to 20k or 12k, after yesterday bull run they are discussing whether Bitcoin will settle at 28k or 30k. We have to admit that there is no way we can predict future price of bitcoin and its better to accumulate Bitcoin whenever it goes down.

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Quote from: onecall123 on August 25, 2023, 09:29:54 AM

nah! Absolutely not!
I'm getting the sense of a usual bear market atmosphere. Personally, I'm not convinced that Bitcoin will go under $20k, but it looks like there's an opportunity to accumulate at a lower price. This is the moment between market lows and bullish. Bull markets make people rich, but become wealthy in bear markets. We should not allow the bottom to not only drop, but take the benefits as well.

BTC movements are unexpected. Even it is pumping it can suddenly dump hard but now that we are still at a bearish situation, the more the chance that we can reach that price ( $12k ). A fall in the price is really an opportunity for us investors and it's better to not be greedy and wait for more dips but you can set aside a little fund just in case the price falls evenly.

You can't get rich without a bear or a bull. So both of them are needed. We don't or we can't control the price. The price can just drip continuously if it wants to, but we can scratch our heads if we haven't prepared a budget for it. There are also people who have money but are not buying. In fact they are scared. These people are not briefed properly before they start.

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