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Topic: Bitcoin is not going to $12k. - page 5. (Read 997 times)

sr. member
Activity: 658
Merit: 441
August 30, 2023, 07:53:21 AM
#70
Based on the current moved of the price of Bitcoin in this month of August, prove that the price will not decrease more than $25,000 before it will increase higher for holders to experience Favour from their holding in the market. If you are still waiting for the price to dump to $8000 or $12000 before you can buy Bitcoin, I think you will miss your opportunity in this season because the price is not going down below $25,000 this year 2023. I think, you can see the way the price of Bitcoin improved to $28,000 yesterday before it dump to $27,452 few hours ago to alert those that missed the opportunity before to use this period to buy and hold until the price increase higher before they can sell.
That's what I have been saying, people don't need to wait to see if the price would go down further before they can buy Bitcoin. Smart investors maximize opportunities like this to buy more Bitcoin and anyone who missed out on the opportunity to buy when it was $16k - $20k should do same. Waiting to see if the market would crash further before taking a position is not a good idea. As you can see it is currently trading at $27.3k, the chart is beginning to spike up and market is gradually showing some signs of green. Grabbing a bag or doing a DCA is the best thing to do.
hero member
Activity: 2954
Merit: 672
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August 30, 2023, 07:21:43 AM
#69
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.
hero member
Activity: 2842
Merit: 772
August 30, 2023, 07:14:40 AM
#68
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.

The only reason I see is that a, creating FUD might give them the opportunity to buy discounted bitcoin at those who are selling because of panic. b, those who really hates bitcoin and will say anything to destroy it. Fortunately, it's not going to help specially that the market remains calm even if we dip to $25k.

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.

Yes, just ignore those trolls and just keep calm and just like what the majority is doing, just stack up sats and we are good to go. And if we have done it, just look at the turnaround as the price is going up again. Which means it could have made us profits already.
hero member
Activity: 2870
Merit: 594
August 30, 2023, 07:05:08 AM
#67
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.
Usually though, in weekends, gambler sell some to enjoy their profits end of the week. But what a break we have right now, and so with that, we are back again to $27k++ and there's no going down to $20K or even $12k.

So this is what you describe, fast up, fast down, but there are wise investors who knows how to take advantage of that situation and perhaps have bought a lot of bitcoin during the decline to $25k. But now, it's pure profit for them and this could be a sign that in the last quarter, possible to hit $50k or higher.
sr. member
Activity: 756
Merit: 454
August 30, 2023, 04:31:51 AM
#66
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.

I haven't noticed that Sunday drop but it can be a day where you see it move to a figure that'll leave your mouth open.
I disagree with you on what you said about Bitcoin price move up to $50k, not today or the next 3 days, no matter how it's going up it can't get to that amount, if you say something like $35k I might agree with you but not $50k...oh come on. But for now the price isn't showing any sign of going up, let's just wait.


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.

Bitcoin won't be able to drop to $12K this month or until the real bull season arrives, but to say that bitcoin can't drop to $20K, I'm not sure about that. That won't happen this month or next, but it's a long way from now until the next bull season and anything can happen. $20k is the long-term goal many predict for bitcoin, many believe it will drop to $20k before entering the bull season. I don't know if it's possible, and I don't believe in any technical analysis, but from my experience, it is possible.

Good thing you don't believe in technical analysis and you shouldn't believe in predictions until it happens but when you say it will drop to $20k base on prediction I don't believe that because it has a destination or target which is $60k before the year runs out but if it doesn't click $40k before end of September then $60k isn't possible anytime soon this year.
hero member
Activity: 3220
Merit: 678
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August 30, 2023, 03:46:24 AM
#65
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.
sr. member
Activity: 1610
Merit: 301
*STOP NOWHERE*
August 30, 2023, 02:53:41 AM
#64
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.

Bitcoin won't be able to drop to $12K this month or until the real bull season arrives, but to say that bitcoin can't drop to $20K, I'm not sure about that. That won't happen this month or next, but it's a long way from now until the next bull season and anything can happen. $20k is the long-term goal many predict for bitcoin, many believe it will drop to $20k before entering the bull season. I don't know if it's possible, and I don't believe in any technical analysis, but from my experience, it is possible.
full member
Activity: 2240
Merit: 187
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August 30, 2023, 01:42:53 AM
#63
Based on the current moved of the price of Bitcoin in this month of August, prove that the price will not decrease more than $25,000 before it will increase higher for holders to experience Favour from their holding in the market. If you are still waiting for the price to dump to $8000 or $12000 before you can buy Bitcoin, I think you will miss your opportunity in this season because the price is not going down below $25,000 this year 2023. I think, you can see the way the price of Bitcoin improved to $28,000 yesterday before it dump to $27,452 few hours ago to alert those that missed the opportunity before to use this period to buy and hold until the price increase higher before they can sell.
member
Activity: 498
Merit: 48
August 30, 2023, 01:10:14 AM
#62
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.
sr. member
Activity: 756
Merit: 454
August 30, 2023, 12:25:45 AM
#61
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.
hero member
Activity: 2996
Merit: 609
August 29, 2023, 05:41:30 PM
#60
Next 2-3 months will be important just like last quarter of every year as we have usually witnessed bull runs during the last quarter of the year but I am not sure if this will lead to bull run now because there has been numerous instances this year where Bitcoin had stabilized at a certain level raising speculation that it's an indicator of bull run but it went down from that mark thus clearing air that we are nowhere near bull run.

I don't think we will be able to predict or speculate and we can just see it when it happens and act wisely to make most out of it.
There is no point arguing about it at all, a bull run is not coming at the end of this year, now could we see some growth? That is possible, but not every single positive movement on the market can be called a bull run, right now bitcoin is experimenting some growth after a positive fundamental news was announced, is this a bull run or the beginning of one? Of course not, this is simply a correction that took place as the price of bitcoin was too cheap already.
Only noobs would be saying that +5% current upward movement in price can be called as a bull run but for those people who had been on this market for a while would definitely be seeing this as a normal movement of this market on which its never that something new if we do speak about these kind of volatility but there are some price predictions or sentiments which are really that already that too optimistic or at the same time it cant really be just that possible because we've seen the price drops down on 15k doesnt mean that it would push through 12k but those are things to be talked about
when the price is still there on that point but since we are already past beyond those numbers then it is already that a long shot on getting back into those points.

Now that we are heading back to 30k then we can definitely say goodbye into those people who are still hoping for 12k price which i couldn't really blame them on. Speaking about probability
then we know that this market is really having that kind of possibility but there are things or moments that speculations are really that way too unrealistic.
STT
legendary
Activity: 4102
Merit: 1454
August 29, 2023, 05:24:06 PM
#59
A close past the 200 day average today seems to be likely and the average itself is rising.  We can hardly believe BTC is negative when such things are true, the price action itself recently has been quite negative but the wider framing to that movement is not yet fully reflecting this negative scenario as outlined by OP.
   I believe we are most correct to assume BTC continues to fight on, it might be a messy fight falling on the floor sometimes but lets call it drunken boxing style and its still able to deliver these knock out days like today of about  6%.   In rude health I believe is the term Smiley
hero member
Activity: 2884
Merit: 794
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August 29, 2023, 05:23:11 PM
#58
Next 2-3 months will be important just like last quarter of every year as we have usually witnessed bull runs during the last quarter of the year but I am not sure if this will lead to bull run now because there has been numerous instances this year where Bitcoin had stabilized at a certain level raising speculation that it's an indicator of bull run but it went down from that mark thus clearing air that we are nowhere near bull run.

I don't think we will be able to predict or speculate and we can just see it when it happens and act wisely to make most out of it.
There is no point arguing about it at all, a bull run is not coming at the end of this year, now could we see some growth? That is possible, but not every single positive movement on the market can be called a bull run, right now bitcoin is experimenting some growth after a positive fundamental news was announced, is this a bull run or the beginning of one? Of course not, this is simply a correction that took place as the price of bitcoin was too cheap already.
legendary
Activity: 2618
Merit: 1181
August 29, 2023, 04:56:38 PM
#57
Yes as it is, bitcoin is good for some persons, so it is all a bull and no always bear because the price will rise up again. Those who joined few months back see the market as bull though the time they entered and the price they met would tell the bull for them. It is better we know the tome, and the price of the market when we are entering the market at the very first time. That will help you in the future bitcoin analysis.

The price of Bitcoin will not reduce to 12$k or 8$k before the next halving and the up coming bull market. I even doubted the 15$k again before these two events will take place. Though speculations will be made but bitcoin is unpredictable, it is not possible again for bitcoin to reduce itself to that level.
Yes, and just look at the price right now, almost 6% increased in the last 24 hours, I haven't check the news though, was caused this bounce back, but it was just about time that at the end of this month, we will see some recovery.

And then we have witnessed the lowest low already. And hopefully there are speculators who take advantage of it and at least bought during the dip because that's what we are preaching.

And in the end whoever bought the sauce and then stored it for a while would be able to get their hands on proof that it was a profitable move. Bitcoin has shown a recovery session in the last 24 hours where the percentage increase was already more than 7% a few hours ago even though it is back down. There's no greater fear than going against oneself in making decisions, but if they are the experienced ones then surely a dip is the best chance for accumulation.

Bitcoin could drop to $12k in the future if regulations and several well-known platforms collapse causing great panic. Whales or holders of large amounts of bitcoin can also influence it, but I believe they will not do ridiculous things to their detriment.
hero member
Activity: 1526
Merit: 555
August 29, 2023, 03:53:37 PM
#56
Yes as it is, bitcoin is good for some persons, so it is all a bull and no always bear because the price will rise up again. Those who joined few months back see the market as bull though the time they entered and the price they met would tell the bull for them. It is better we know the tome, and the price of the market when we are entering the market at the very first time. That will help you in the future bitcoin analysis.

The price of Bitcoin will not reduce to 12$k or 8$k before the next halving and the up coming bull market. I even doubted the 15$k again before these two events will take place. Though speculations will be made but bitcoin is unpredictable, it is not possible again for bitcoin to reduce itself to that level.

Yes, and just look at the price right now, almost 6% increased in the last 24 hours, I haven't check the news though, was caused this bounce back, but it was just about time that at the end of this month, we will see some recovery.

And then we have witnessed the lowest low already. And hopefully there are speculators who take advantage of it and at least bought during the dip because that's what we are preaching.
hero member
Activity: 1652
Merit: 569
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August 29, 2023, 02:59:59 PM
#55
Next 2-3 months will be important just like last quarter of every year as we have usually witnessed bull runs during the last quarter of the year but I am not sure if this will lead to bull run now because there has been numerous instances this year where Bitcoin had stabilized at a certain level raising speculation that it's an indicator of bull run but it went down from that mark thus clearing air that we are nowhere near bull run.

I don't think we will be able to predict or speculate and we can just see it when it happens and act wisely to make most out of it.
full member
Activity: 672
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August 29, 2023, 02:35:58 PM
#54
Although I used to think that before the bull season really arrived, we would have another dump waiting for us. But I believe there will be no new bottom for bitcoin, we already have the low for this bear season, and that was the $15k set last year.

Recently, there has been a lot of speculation about bitcoin dropping to 12k$-8k$ before the bull season arrives and I stumbled across this article. I want to know what you guys think and why you believe bitcoin will not drop to 12k$.

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.

Quote
Bitcoin is not Going to $12k 🚨

Here is why :

- 93% of all Bitcoin has now been mined.
- World's largest asset manager Blackrock files for Bitcoin spot ETF
- Mysterious wallet accumulated $3 Billion worth $BTC In just 3 months
- Europe gets its first Spot Bitcoin  ETF
- Only 6.3% Of Total Bitcoin Supply Left On Exchanges
- Bitcoin Halving in just 8 months
- Bitcoin supply shock inevitable

This could be the Final Shakeout/Manupulation before the real Bull Run begins. Next 2-3 months are going to be Important!

Don't miss the second chance. Act smart


Source: https://twitter.com/thescalpingpro/status/1694058998092439603
No i don’t think that. I think we already passed from the bottom. Today we got a very big positive news, Grayscale wins lawsuit against the SEC. And after this big news Bitcoin Price pumped hardly and still pumping. Now bitcoin price avabe $28k. I think we already passed bear market and started bull session. So there has no possibility to go $12 Again.
hero member
Activity: 700
Merit: 577
August 29, 2023, 11:59:55 AM
#53
Yes as it is, bitcoin is good for some persons, so it is all a bull and no always bear because the price will rise up again. Those who joined few months back see the market as bull though the time they entered and the price they met would tell the bull for them. It is better we know the tome, and the price of the market when we are entering the market at the very first time. That will help you in the future bitcoin analysis.

The price of Bitcoin will not reduce to 12$k or 8$k before the next halving and the up coming bull market. I even doubted the 15$k again before these two events will take place. Though speculations will be made but bitcoin is unpredictable, it is not possible again for bitcoin to reduce itself to that level.
legendary
Activity: 2814
Merit: 1192
August 29, 2023, 11:24:30 AM
#52
Recently, there has been a lot of speculation about bitcoin dropping to 12k$-8k$ before the bull season arrives and I stumbled across this article. I want to know what you guys think and why you believe bitcoin will not drop to 12k$.

Only a lot if you read the wrong sources. There's a few short sellers who want to spread this FUD that we're going to get a new bottom because they want it to happen.

What I've learned over the years is that there's a group of people who call themselves analysts, but in reality they're influencers. It's all these dudes who publish videos and try to sell courses or VIP tickets where they'll supposedly give you more data and real trades to follow. These people are actually bad traders. If they were good they'd make money this way because by taking a good long or short position you can make 2x more than once a month. They prefer to sell you courses for 1k because it's a sure gain. Why wouldn't they leverage that 1k and make 2k in a single trade? Because they have no idea where the market is going, but nothing stops them from selling their bullshit.

Who's that trader who claims that we'll hit 10k this year? Soloway? He was calling for 12k bitcoin at 16k and then we went to 31k so he doubled down because he's already a laughingstock, so all he can do is pray for that 10k so he can say I told you so.
hero member
Activity: 1666
Merit: 723
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August 29, 2023, 11:15:48 AM
#51
Some of the speculation is not proper the way I looked at things, a speculation of bitcoin is a speculation and we don't have to depends on bitcoin  speculation properly, so bitcoin  can rise and fall's its the normal life styles of bitcoin starting the beginning and the introduction of bitcoin, but I know that falling of bitcoin price is very necessary but I don't know while is that someone will speculate what can never happen and it will happen is not in this year, since Bitcoin have started falling and rising bitcoin has not fall beyond twelve thousand since 2017 till date, but according to some speculation they analyse and predict what can never come to accomplish in cryptocurrency and especially bitcoin
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