Bitcoin will never go below $50,000 again

sayaya17

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Quote from: bitterguy28 on May 15, 2021, 02:15:48 AM

it's now below 50k

https://coinmarketcap.com/currencies/bitcoin/

actually the value is far down and it goes to 48,000 now.

Any expectation on when this will come back to at least 60k? no idea at all but of course I am not losing hope that the 75,000 will be break in the next months or so.

Now even the value is very deep. It touched $30k, although there has now been a rise to $38k and dropped back to $36.
The hope is not to want bitcoin back to its deepest price and I don't want too long bitcoin priced in this area. It would be
better if there was an increase to $40 to $45 and so on. I'm also sure bitcoin will break down to $60 and to the $75k level.

conected

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Quote from: bengsabeng on May 22, 2021, 06:27:30 AM

Quote from: 7788bitcoin on May 17, 2021, 01:04:33 PM

Quote from: Kittygalore on May 17, 2021, 08:18:52 AM

Then thank the Gods for panic sellers because they make people like me get more profit from hodling for the long-term. I don't get how they are easily panicking over a news that never should get this big but there they are running with their tails in front.

You should rejoice as the market is giving you more opportunity to invest as the market is below $43k after a very long time and i would like to know what will be your entry point. I am of the belief that i am not too confident in investing at this price until the market settles down and there is no way i could predict when these institutional investors will dump their coins.

there is no happiness in today's market conditions, investing today in bitcoin is foolish. The price of bitcoin is still at its peak and has great potential to fall deeply when big investors dump their bitcoins onto the market. buy when bitcoin price is below $ 20k

- At the moment that we are talking, the peak of bitcoin has been cut very thin by my calculations and the potential for it to go deeper is quite low as a couple of support points are helping bitcoin bounce back quite well, sometimes it is only temporary and can facilitate another selling. But we can still identify this could be an opportunity to buy bitcoin again, price already with resistance will be less dangerous than price going down in a straight line, the price you hope bitcoin will go to is probably too deep and that will cause you to overlook more reasonable prices

bengsabeng

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Quote from: 7788bitcoin on May 17, 2021, 01:04:33 PM

Quote from: Kittygalore on May 17, 2021, 08:18:52 AM

Then thank the Gods for panic sellers because they make people like me get more profit from hodling for the long-term. I don't get how they are easily panicking over a news that never should get this big but there they are running with their tails in front.

You should rejoice as the market is giving you more opportunity to invest as the market is below $43k after a very long time and i would like to know what will be your entry point. I am of the belief that i am not too confident in investing at this price until the market settles down and there is no way i could predict when these institutional investors will dump their coins.

there is no happiness in today's market conditions, investing today in bitcoin is foolish. The price of bitcoin is still at its peak and has great potential to fall deeply when big investors dump their bitcoins onto the market. buy when bitcoin price is below $ 20k

KTChampions

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Quote from: Kemarit on May 21, 2021, 08:27:30 PM

~
And it seems that traders are shorting BTC isn't it? Because they know that we are somewhat in the bearish trend, the price goes to $41,000 but not enough push and momentum to maintain and as I check the price is hovering in the $37,000. And just like that the market turns into red and bleeding again.

But we can still bounce back though, only one good news and we are back to bullish cycle again. So I would say that we can still get out of this bearish trend and get back to rally once more, we will see.

In my opinion, most traders were catching a rebound after a drawdown, which allowed the bitcoin price to partially recover very quickly. Now they are fixing profit and the price is returning to low levels. It seems to me that we are still very far from the bottom and the price will continue to fall (in waves - fall-recovery and so on).

Kemarit

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Quote from: Natalim on May 21, 2021, 04:44:59 AM

Quote from: KTChampions on May 20, 2021, 05:29:07 PM

Quote from: KTChampions on May 16, 2021, 05:31:56 PM

~
By the way, it seems that soon it will be possible to search for authors of similar topics (about the levels of 50k, 40k, 30k) and ask "how are you?" Grin

The first two goals are met, but we can say that the third was very close to being achieved Roll Eyes

Surprisingly, many of my acquaintances were optimistic about this collapse and increased their positions, it turns out that the market sentiment is still bullish - which means that the danger of a subsequent collapse is very high. The market likes to punish risk and optimism.

For me, it's not bullish anymore as major dumps has been witness after it hit the ATH. Look, Bitcoin now is still struggling to him $50k, in fact it stays at $40k which is very low compared to its ATH, I think we are going to a bear market, of course it will not happen instantly.

And it seems that traders are shorting BTC isn't it? Because they know that we are somewhat in the bearish trend, the price goes to $41,000 but not enough push and momentum to maintain and as I check the price is hovering in the $37,000. And just like that the market turns into red and bleeding again.

But we can still bounce back though, only one good news and we are back to bullish cycle again. So I would say that we can still get out of this bearish trend and get back to rally once more, we will see.

yohananaomi

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Quote from: $crypto$ on May 21, 2021, 03:09:46 PM

Quote from: Natalim on May 21, 2021, 04:44:59 AM

For me, it's not bullish anymore as major dumps has been witness after it hit the ATH. Look, Bitcoin now is still struggling to him $50k, in fact it stays at $40k which is very low compared to its ATH, I think we are going to a bear market, of course it will not happen instantly.

Maybe it can be said that because we have passed the bullish market all the way, the bearish moment came, it really hurt me because it was so fast and instant bitcoin fell by a large few percent but the possibility of this bearishness will continue because the real market has ended after passing ATH. $ 60k more.
After paying attention to the market and correcting where technical analysis is needed it will still be history that repeats itself again bitcoin there are always good and bad times so maybe this started with a lot of FUD news and this is where I want to know how deep bitcoin is.

In fact, if you look at the trend when 2017 reached renewable ATH, it was only the following year from the beginning of 2018 that bitcoin experienced a continuous decline throughout the year. even until the next year without being able to make improvements to be able to increase again. but this is not the case at this time, because at the beginning of last year, bitcoin was not corrected, but experienced several ATH achievements.

I am more likely that this deep correction is due to the element of bad news that happened simultaneously by @elonmusk and the information being banned in China. whether this really affects, we also cannot conclude clearly but usually bad news will always have an impact on bitcoin, but then again if this is just bad news then bitcoin will be able to come back up again.

We will see in the next few days whether this is really bad news that created a decline or indeed the period of increase from bitcoin has ended. If you look at the past halving, the end of this year is the time for renewable ATH to happen, so there is still a chance and there is still a long way to go. hopefully there will be changes.

$crypto$

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Quote from: Natalim on May 21, 2021, 04:44:59 AM

For me, it's not bullish anymore as major dumps has been witness after it hit the ATH. Look, Bitcoin now is still struggling to him $50k, in fact it stays at $40k which is very low compared to its ATH, I think we are going to a bear market, of course it will not happen instantly.

Maybe it can be said that because we have passed the bullish market all the way, the bearish moment came, it really hurt me because it was so fast and instant bitcoin fell by a large few percent but the possibility of this bearishness will continue because the real market has ended after passing ATH. $ 60k more.
After paying attention to the market and correcting where technical analysis is needed it will still be history that repeats itself again bitcoin there are always good and bad times so maybe this started with a lot of FUD news and this is where I want to know how deep bitcoin is.

KTChampions

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Natalim

Yes, if we take formal indicators, then the growth cycle has already ended, at the moment I am not sure about the bear market, but it is very likely.

Timelord2067

Such topics should never be forgotten as it clearly show us that investors can suffer from both pessimism (when they miss profits being afraid to invest or taking profits too early) and optimism (continuing to hold a position after it became clear that the trend has already changed).

Timelord2067

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The only thing threads like this prove is that investors can be caught out when the price slumps or crashes out completely.

The poll and thread are now acedemic, so it would be better if this thread was now locked and forgotten.

Natalim

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BTC to the MOON in 2019

Quote from: KTChampions on May 20, 2021, 05:29:07 PM

Quote from: KTChampions on May 16, 2021, 05:31:56 PM

~
By the way, it seems that soon it will be possible to search for authors of similar topics (about the levels of 50k, 40k, 30k) and ask "how are you?" Grin

The first two goals are met, but we can say that the third was very close to being achieved Roll Eyes

Surprisingly, many of my acquaintances were optimistic about this collapse and increased their positions, it turns out that the market sentiment is still bullish - which means that the danger of a subsequent collapse is very high. The market likes to punish risk and optimism.

For me, it's not bullish anymore as major dumps has been witness after it hit the ATH. Look, Bitcoin now is still struggling to him $50k, in fact it stays at $40k which is very low compared to its ATH, I think we are going to a bear market, of course it will not happen instantly.

KTChampions

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Quote from: KTChampions on May 16, 2021, 05:31:56 PM

~
By the way, it seems that soon it will be possible to search for authors of similar topics (about the levels of 50k, 40k, 30k) and ask "how are you?" Grin

The first two goals are met, but we can say that the third was very close to being achieved Roll Eyes

Surprisingly, many of my acquaintances were optimistic about this collapse and increased their positions, it turns out that the market sentiment is still bullish - which means that the danger of a subsequent collapse is very high. The market likes to punish risk and optimism.

OgNasty

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This thread was such a perfect call of the top. The extreme bullishness and confidence was a clear sign that a massive correction was about to wipe all the leveraged liquidity from the market. RIP to those who got Zhoutonged and I hope lessons were learned. There are no shortcuts in investing, at least none with a risk reward ratio that would be compelling to any normal person.

Stop trying to get rich overnight with a few dollars. It never ends well. Building wealth takes decades and a great deal of sticking with your plan. Most people give up before they find success, which is why you need to do something you love. Only doing something you truly love will save you from capitulating during the worst time and giving up.

Natalim

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BTC to the MOON in 2019

Quote from: 7788bitcoin on May 17, 2021, 01:04:33 PM

Quote from: Kittygalore on May 17, 2021, 08:18:52 AM

Then thank the Gods for panic sellers because they make people like me get more profit from hodling for the long-term. I don't get how they are easily panicking over a news that never should get this big but there they are running with their tails in front.

You should rejoice as the market is giving you more opportunity to invest as the market is below $43k after a very long time and i would like to know what will be your entry point. I am of the belief that i am not too confident in investing at this price until the market settles down and there is no way i could predict when these institutional investors will dump their coins.

They had already dumped, the reason that we have witnessed a heavy dump which bitcoin reaches $30k in the past 24 hours. We don't know they will dump but it's pretty obvious, however, it's just a speculation for me as we all know how difficult to predict this market, it's just so very unpredictable.

Let's wait and see if bitcoin will again rise at $50k, but OP is wrong that bitcoin will never fall below $50k again as it even fall in just 24 hours to a very low price this year, and people panic.

7788bitcoin

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Quote from: Kittygalore on May 17, 2021, 08:18:52 AM

Then thank the Gods for panic sellers because they make people like me get more profit from hodling for the long-term. I don't get how they are easily panicking over a news that never should get this big but there they are running with their tails in front.

You should rejoice as the market is giving you more opportunity to invest as the market is below $43k after a very long time and i would like to know what will be your entry point. I am of the belief that i am not too confident in investing at this price until the market settles down and there is no way i could predict when these institutional investors will dump their coins.

Kittygalore

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Quote from: Ziskinberg on May 17, 2021, 07:42:51 AM

Quote from: Kittygalore on May 17, 2021, 05:29:48 AM

~

Panic selling will always happen when there's a bull run, the reason why the price is so volatile is because of panic.. whether it's selling or buying. What is happening now is panic selling, the weak hands are dumping because of the bad news and we might see more of these, and not only that, whales are also playing in action, they will dump so the price will dump more and it will continue to create panic.

Then thank the Gods for panic sellers because they make people like me get more profit from hodling for the long-term. I don't get how they are easily panicking over a news that never should get this big but there they are running with their tails in front.

Ziskinberg

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Quote from: Kittygalore on May 17, 2021, 05:29:48 AM

Quote from: ?? on ??

well, current prices are really well under $ 50k. however, the price is still very close. in fact, currently, the potential price of bitcoin could even be below $ 40k. well, the current decline is happening so fast. however, the current price is still in the range of $ 43k and is likely to fall again.

We don't know what happens next but one thing is for sure, hodling and buying more is the only key take away on this situation and I think is the most rational thing to do since panic selling isn't the smart option and will never be.

Panic selling will always happen when there's a bull run, the reason why the price is so volatile is because of panic.. whether it's selling or buying. What is happening now is panic selling, the weak hands are dumping because of the bad news and we might see more of these, and not only that, whales are also playing in action, they will dump so the price will dump more and it will continue to create panic.

Kittygalore

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Quote from: ?? on ??

well, current prices are really well under $ 50k. however, the price is still very close. in fact, currently, the potential price of bitcoin could even be below $ 40k. well, the current decline is happening so fast. however, the current price is still in the range of $ 43k and is likely to fall again.

We don't know what happens next but one thing is for sure, hodling and buying more is the only key take away on this situation and I think is the most rational thing to do since panic selling isn't the smart option and will never be.

KTChampions

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Quote from: Ziskinberg on May 16, 2021, 04:55:15 PM

Quote from: KTChampions on May 15, 2021, 04:58:59 PM

A very wide range of possibilities - maybe next week or maybe in the next cycle Wink

If we assume that the market is completely manipulated, then the whales will not give an opportunity for those who bought at prices above 55+ to get their money back. And most likely a temporary fall serves only as a bait for those who think that this is the bottom, which means that after such a small fall, a much deeper one will come.
This is a pessimistic option, but there are also optimistic ones, but we are not whales and we can only wait)

The whales are smarter than typical traders, they don't panic, instead, they will create panic. While we are thinking that bitcoin will bounce back easily, so we will buy to accumulate, but their mind is different, they will do more dump so it would really affect our emotion and when we thought bitcoin will not anymore recover, that's where they enter to buy.

They know how people think, especially the newbie, they love FOMO and they are easily affected with FUD, hence they will usually make a bad decision and would easily panic.

They are not smarter, they just have fundamentally different opportunities, even if they do not manage the market, they can make a profit when it moves in any direction, plus they can wait out "bad" times of 3-5 years, while an ordinary investor will definitely come out at this time out of position.

By the way, it seems that soon it will be possible to search for authors of similar topics (about the levels of 50k, 40k, 30k) and ask "how are you?" Grin

2double0

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Op must be regretting with the thinking he had then.
What looks too good to be true, always ends up in grievances and accusations and that is what we are experiencing after this unsettled loss in the percentage of gains we were having till last week, but everything has been changed now by the game changer Musk and his fellow investors who, following him blindly, sold their btc holdings too and are trying to buy doge. It is our chance to show them the power of btc community that if they can dump our markets, we can dump theirs.

Ziskinberg

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Quote from: KTChampions on May 15, 2021, 04:58:59 PM

Quote from: bitterguy28 on May 15, 2021, 02:15:48 AM

it's now below 50k

https://coinmarketcap.com/currencies/bitcoin/

actually the value is far down and it goes to 48,000 now.

Any expectation on when this will come back to at least 60k? no idea at all but of course I am not losing hope that the 75,000 will be break in the next months or so.

A very wide range of possibilities - maybe next week or maybe in the next cycle Wink

If we assume that the market is completely manipulated, then the whales will not give an opportunity for those who bought at prices above 55+ to get their money back. And most likely a temporary fall serves only as a bait for those who think that this is the bottom, which means that after such a small fall, a much deeper one will come.
This is a pessimistic option, but there are also optimistic ones, but we are not whales and we can only wait)

The whales are smarter than typical traders, they don't panic, instead, they will create panic. While we are thinking that bitcoin will bounce back easily, so we will buy to accumulate, but their mind is different, they will do more dump so it would really affect our emotion and when we thought bitcoin will not anymore recover, that's where they enter to buy.

They know how people think, especially the newbie, they love FOMO and they are easily affected with FUD, hence they will usually make a bad decision and would easily panic.

Topic: Bitcoin will never go below $50,000 again (Read 2432 times)