Bitcoin will never go below $50,000 again - page 2.

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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.

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)

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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.

Bitcoin has experienced more frequent decline lately and it is estimated that the correction will continue, now that the Bitcoin price has touched the price of $ 48k, it is likely that the market price will decline again but will not pass below $ 45k. The enthusiasm of many people still expects Bitcoin to hit rock bottom so they can buy at a low price

In the last 7 days it looks like bitcoin has gotten a lot of negative sentiment in the market so that the price movement of bitcoin is very slow and tends to decline by almost 17%, I think the words of Elon Musk, who said to stop accepting tesla purchases using Bitcoin, had a huge impact against bitcoin in the market, so that many institutional investors or large traders sell their bitcoin and as a result the price of bitcoin has decreased, but for me personally, the decline in bitcoin prices now is a good opportunity to buy bitcoin at a low price because I am very sure when there will be positive news that hit bitcoin, of course, will push the price of bitcoin back up and will probably create a new record high price.

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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.

Bitcoin has experienced more frequent decline lately and it is estimated that the correction will continue, now that the Bitcoin price has touched the price of $ 48k, it is likely that the market price will decline again but will not pass below $ 45k. The enthusiasm of many people still expects Bitcoin to hit rock bottom so they can buy at a low price

$45k isnt really too far off with the current price we are on at this moment so i cant really be that much confident that we wont really be getting lower with that level
but doesnt matter because i do see the price would able to held up 40k+ strong and wont able to see those 30k price wayback again unless if there would be
some negative news that would pop out then it can really trigger out for the market would be heading on that way.
Lets just make some wise move out of this correction and benefit out when the market recovers.

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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.

BITCOIN4X

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Quote from: cabron on May 14, 2021, 08:04:22 PM

When altcoins are growing still despite the BTC down trending, there is a significant trust builds up that another spike to break that barrier to go up to $70K. To which the reason why we are still bullish on BTC. In fact, when there is tension around like a war is about to happen, coronavirus and FED issues the crypto market will likely to win. Although it actually dip below $50k, the market is about to burst again.

I would not have speculated wilder about the current price of bitcoin due to the fact that since mid-April 2021 until now the bitcoin price has been in a period of decline. The highest ATH was recorded on 14 Apr 2021 $64,804.72 and has experienced a correction of -23.2%, which mean the price of bitcoin is in a downward trend in the past month.

Bitcoin is currently trading at a price of $49.7K and is still trying to cross the resistance line. I think it will require more time and support from investor and trader. There is a possibility that if the line is not broken for some time, the correction will continue.

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Quote from: cabron on May 14, 2021, 08:04:22 PM

Quote from: Quidat on May 14, 2021, 06:54:37 PM

Quote from: Natalim on May 14, 2021, 06:50:56 AM

Many times that bitcoin has dump below $50k, this is not a good sign that bitcoin will reach a new ATH, but a sign that bitcoin might turn from bullish to bearish. Though it's still positive on the overall market performance as the dominance of bitcoin is decreasing, meaning altcoins are growing when bitcoin is dumping, which is a good news since money are still in the crypto space.

People should really think off about on things that happened on how bitcoin did correct itself and go into these levels where people never expect for it to be reached.
Anything could be touched down depending on the market sentiment this is why we should really be careful on making out decisions neither we should sell or buy.
Never ever put out the probabilities for the price on not to reach levels because that would just break out your anticipations which would really frustrate you.
If you can see the chance or opportunity to grab on then its up to someones choice on how he would react.

When altcoins are growing still despite the BTC down trending, there is a significant trust builds up that another spike to break that barrier to go up to $70K. To which the reason why we are still bullish on BTC. In fact, when there is tension around like a war is about to happen, coronavirus and FED issues the crypto market will likely to win. Although it actually dip below $50k, the market is about to burst again.

Yeah i see that bitcoin fall below 50k$ but it doesnt mean that we are now slowly down into dip, bull trend is still there and we can maybe expect huge rise again in the next days. I will still wait for btc to go 60k$ and make a profit on some good altcoin that is now slowly rising there are so many ways to earn on this bull trend so we need to be wise this time.

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Quote from: Quidat on May 14, 2021, 06:54:37 PM

Quote from: Natalim on May 14, 2021, 06:50:56 AM

Many times that bitcoin has dump below $50k, this is not a good sign that bitcoin will reach a new ATH, but a sign that bitcoin might turn from bullish to bearish. Though it's still positive on the overall market performance as the dominance of bitcoin is decreasing, meaning altcoins are growing when bitcoin is dumping, which is a good news since money are still in the crypto space.

People should really think off about on things that happened on how bitcoin did correct itself and go into these levels where people never expect for it to be reached.
Anything could be touched down depending on the market sentiment this is why we should really be careful on making out decisions neither we should sell or buy.
Never ever put out the probabilities for the price on not to reach levels because that would just break out your anticipations which would really frustrate you.
If you can see the chance or opportunity to grab on then its up to someones choice on how he would react.

When altcoins are growing still despite the BTC down trending, there is a significant trust builds up that another spike to break that barrier to go up to $70K. To which the reason why we are still bullish on BTC. In fact, when there is tension around like a war is about to happen, coronavirus and FED issues the crypto market will likely to win. Although it actually dip below $50k, the market is about to burst again.

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Quote from: Natalim on May 14, 2021, 06:50:56 AM

Many times that bitcoin has dump below $50k, this is not a good sign that bitcoin will reach a new ATH, but a sign that bitcoin might turn from bullish to bearish. Though it's still positive on the overall market performance as the dominance of bitcoin is decreasing, meaning altcoins are growing when bitcoin is dumping, which is a good news since money are still in the crypto space.

People should really think off about on things that happened on how bitcoin did correct itself and go into these levels where people never expect for it to be reached.
Anything could be touched down depending on the market sentiment this is why we should really be careful on making out decisions neither we should sell or buy.
Never ever put out the probabilities for the price on not to reach levels because that would just break out your anticipations which would really frustrate you.
If you can see the chance or opportunity to grab on then its up to someones choice on how he would react.

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Good winds are blowing for BTC, it has made a good profit in a short time, I see that it is already going for + 3% and all FUD given by Elon Musk is coming to an end, many investors once supported BTC saying that they will accept BTC in their platforms like Mark Cuban, also Microestrategy bought 271BTC, this is excellent for BTC:

Quote

Bitcoin’s uptrend has been facing stiff resistance at the 100% Fibonacci extension level at $60,959.64. Although the bulls had pushed the price above this resistance, they could not sustain the breakout, indicating a lack of demand at higher levels.

Source: https://cointelegraph.com/news/price-analysis-5-14-btc-eth-bnb-doge-ada-xrp-dot-bch-ltc-uni

It is a great time to buy now, I think that if the BTC goes down you should not panic, you just have to completely trust that BTC is the best investment ...

Natalim

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Many times that bitcoin has dump below $50k, this is not a good sign that bitcoin will reach a new ATH, but a sign that bitcoin might turn from bullish to bearish. Though it's still positive on the overall market performance as the dominance of bitcoin is decreasing, meaning altcoins are growing when bitcoin is dumping, which is a good news since money are still in the crypto space.

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Quote from: Zemomtum on May 13, 2021, 10:22:31 AM

This has been broken and that is what you can obtain from a market that is highly volatile, the price action is mostly unpredictable. I am looking toward 40 - 45K BTC before we can see any major movement upward.

This will be the lowest low for this month, and it's probably can go down to $45k as well.

In any case, I read that Elon Musk statement could have affected the price negatively today. But I doubt that this will have a long term effect, maybe after this down side, we might see another major movement and a good break-out run. And I would say that we don't need to panic, this is just another test. We've seen the price going below $50k this month and recovered. The same thing will happen here.

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Quote from: The Sceptical Chymist on May 12, 2021, 12:55:45 PM

Quote from: jackg on April 14, 2021, 04:57:59 PM

Most people are looking at targets around 200 to 300 thousand dollars by November

Even though I don't think bitcoin is going to fall below $50k by November (or probably this year for that matter), I don't think it's going that high in 2021.

Hope you will now change your perception of upward trend of Bitcoin market value based on what happened today with Bitcoin price and to now believe that whatever goes up must surely come down one day. Anything can happen in the crypto currency market and we equally have at the back of our mind that the market price is determine by the fources of demand and supply.

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This has been broken and that is what you can obtain from a market that is highly volatile, the price action is mostly unpredictable. I am looking toward 40 - 45K BTC before we can see any major movement upward.

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Quote from: proudhon on May 10, 2021, 04:52:40 PM

Very easy to go below $50k and probably will this week.

your peximism was right, although it is the result of a great coincidence because the price only dropped because of tesla. but it did not break the support that is in the $44000 which shows that it will be back to the $55000

Quote from: proudhon on May 10, 2021, 04:52:40 PM

Bitcoin is collapsing right now because more people are learning how it has failed don't want it anymore.

For years people have known about the downside of bitcoin and that has never stopped them from liking and buying bitcoin, it will not be today that something would change. look at the bitcoin price that you clearly see is not falling very much because people are optimistic about bitcoin in the long run

Quote from: proudhon on May 10, 2021, 04:52:40 PM

It's already been mathematically proven by science that bitcoin cannot sustain prices above $10k long term and it is regressing to a healthier price below $10k while it dies.

can you show us this math?

Chato1977

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I think i need to Bump this now, because bitcoin goes down to below 50k and nearing to fall below 40k .

Quote from: quins on May 10, 2021, 11:31:17 AM

based on my opinion the BTC right now is not low because of our current situation, its because we are still facing a pandemic more demand and this transaction is being used by prominent people as of now.

It's not about the low value but if this will fall to below 50,000$

Smitty Werben Man Jensen

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Strong support is indeed at $ 45k to $ 50k, if it returns below $ 50k then Bitcoin can still recover again,
just like last time, when the Bitcoin price experienced a correction below $ 50k and within a few days the increase occurred again,
and new ath happened. At over $ 60k, of course if you think bitcoin will not go under $ 50k is stupid, anything can happen guys!

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Quote from: The Sceptical Chymist on May 12, 2021, 12:55:45 PM

And I'd never rule out bitcoin falling below $X, whatever value you want to put on X. The OP was written last month when it was above $60k and look where it is now ($55k as I write this). It wouldn't be much of a stretch for bitcoin to sink under that $50k mark, and I'd bet it would do it sooner rather than later if it happens at all.

This mean there is no guarantee that the bitcoin price will stay above $50K until December 2021 due to price volatility. Some time ago bitcoin fell below $50K before starting to recover after some time. So far, institutional investor have supported the growing adoption and existence of bitcoin as a profitable investment asset. If they can make the bitcoin price go up high, then they can make the price go down in my opinion. I'm not sure the bitcoin price wouldn't dump any further if they decided to sell all the bitcoins they previously bought for a low price.

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Quote from: jackg on April 14, 2021, 04:57:59 PM

Most people are looking at targets around 200 to 300 thousand dollars by November

Even though I don't think bitcoin is going to fall below $50k by November (or probably this year for that matter), I don't think it's going that high in 2021. Nor do I really want it to, because that much growth in that little time would mean that a bubble had formed--and we all know what happens to bubbles eventually. If we saw steady growth in bitcoin's price by late 2022 I could see that happening, and I'd be fine with that, but not this year.

And I'd never rule out bitcoin falling below $X, whatever value you want to put on X. The OP was written last month when it was above $60k and look where it is now ($55k as I write this). It wouldn't be much of a stretch for bitcoin to sink under that $50k mark, and I'd bet it would do it sooner rather than later if it happens at all.

TheEconomists

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You sounded too optimistic in your believe that Bitcoin will never drop down to $40k per coin. In as much as you gave some cogent reason to back up your being optimistic I still believe anything can happen in the crypto currency market at any time. There are people who are despirate to make huge profit and they will to buy at the cheaper rate in other for them to more profit.
So many market speculators say all this in 2017 when Bitcoin price reached $19k and they surprised when it drop to $3,500 in the year 2018.

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Quote from: arwin100 on May 10, 2021, 05:03:58 PM

Quote from: proudhon on May 10, 2021, 04:52:40 PM

Quote from: ubercool on May 10, 2021, 01:30:15 PM

More than 50% have answered NO, and probably right. It'll be harder for BTC to go below 50k$ and stay there for a long time as there are lots of investors who will gladly buy below 50k$ price. We have already seen that happening but ETH is eating up the crypto dominance which might trigger a btc pump in the future so look out for that.

Very easy to go below $50k and probably will this week. Bitcoin is collapsing right now because more people are learning how it has failed don't want it anymore. It's already been mathematically proven by science that bitcoin cannot sustain prices above $10k long term and it is regressing to a healthier price below $10k while it dies.

How many times we see such thing? Many times bitcoin land at $50k below spot guess what happen? The price pump again since many people are securing to fill their bags for better results, see what happem to them and they are happy earners. I don't know if we can go to $10k level since for now bitcoin is strong and there's a huge support from it to not go below on that said figures. Maybe we cannot see it by this year but if that really happens then its time to fill our bags again and hodl.

Nothing is actually assured into this market and its up to someone if they can risk out money to get in while its still cheaper compared it was an hour or a day ago.

Its a matter of choice but its true and i agree on what you had said that we have seen many times on how this market behaves even though on a very unpredictable manner but at least

you can be fully aware on how it behaves and with that you can presume things out and make out specific actions basing into those experiences.

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