Bitcoin is down 43% from its ATH a month ago...
I think it is very difficult to predict when the bearish market will stop this time. the potential to return to $ 20k is huge as is the potential to bounce back to $ 60k. keep holding if you have an asset that you bought at a high price and don't sell it.
Topic: Bitcoin price goes down below 40K and how much it may go down? - page 2. (Read 308 times)
I wonder how many stories of wallets deleted or Bitcoins burned will surface in five, ten or even twenty years time from inexperienced newbies who joined the Bitcoin bandwagon during to Tesla 2021 smoke and mirrors gold rush?
Probably two or three of these stories will be true but I am pretty sure that there thousands or even tens of thousands who will make a claim that they have thrown or bricked their HW because they panicked and they thought that the Elon episode in the history of bitcoin is going to be the end of it. I don't know how low it will go down but I am sure zero is an unlikely number for bitcoin to land with a lot of lost coins. 
Sadly I don't think the majority of those who even bought Bitcoin even aim to use it as such. Not that I blame them, the amount you can do with it in most cases are quite abysmal after all, since adoption is still pretty low.
I wonder how many stories of wallets deleted or Bitcoins burned will surface in five, ten or even twenty years time from inexperienced newbies who joined the Bitcoin bandwagon during to Tesla 2021 smoke and mirrors gold rush?
Don't do anything imo, selling now would amount to you just panic selling right now. If you can afford waiting, you can still hodl it imo, though then again, you can sell now and wait for the bottom before buying in again. Up to you. As for the question of how much more, I don't think anyone can really say for certain. It's been a constant decrease now though, and I'd expect a bit more at the very least for the rest of the day.
Always keep in the back of your mind why Bitcoin was created - not as a store of wealth, but rather as a means to make secure payments electronically.
Sadly I don't think the majority of those who even bought Bitcoin even aim to use it as such. Not that I blame them, the amount you can do with it in most cases are quite abysmal after all, since adoption is still pretty low.
There's an old adage that what goes up must come down. As those who swore black and blue that Bitcoin would never sink back below $50,000 are now learning the very hard way.
Always keep in the back of your mind why Bitcoin was created - not as a store of wealth, but rather as a means to make secure payments electronically.
Always keep in the back of your mind why Bitcoin was created - not as a store of wealth, but rather as a means to make secure payments electronically.
I think the only thing that we can do right now is to watch it go down and see how things will go, it is difficult to predict how deep will the dump go down because bitcoin is known to prove predictions wrong plus this is a different market movement from 2018 so we just hope that when it goes down, it will go back up higher than its ATH.
the price of bitcoin and as well as market go down. bitcoin under 40K now. my question is that, how much more may go down or market will recover form now? if require how many time require? what is good for now, buy or sell? my tendency is, if more go down, i will sell now or if not go down start to recover from this price, i will buy now. expert guy help me please by give your valuable prediction.
thanks for your support in advance.
thanks for your support in advance.
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