Topic: Bitcoin will never go below $50,000 again - page 5. (Read 2432 times)

Did not age well!

Bear troll Proudhon, you win this round.  

Confirmed.

Actually I am believing that bitcoin will not going down at $50000 because i know based on my research and observation bitcoin was established and can maintain the high demand especially on continue of rising of investors buf then it shows up it was happening already because bitcoin now was already $49,000+. I may now believing that the cryptocurrency market was approaching or maybe in the start of bear market.

we all know the price of bitcoin year after year, after some bounce happens in the next few months bitcoin loses half the price and this will probably happen and we can't stop it and maybe it will fall below 50k $ and we have to be able to go with this flow so it doesn't too steep

It always seemed possible to me and now we have seen it become reality. When bitcoin reached $20k in 2017 we saw it lose more than half of it's value afterward. After hitting new all time highs in 2021 I expected to eventually see a big crash. It might not be as big as in 2017 but I still thought it would be enough to go below $50k. It wouldn't shock me if we saw it go to $40k either.

Well you know how they say: It ain't over till the fat lady sings!
I don't think we've heard the fat lady, yet.

I believe that this small downtrend was long awaited and the whales are possibly selling their BTCs so to get out at peak (as this may be high for them) and maybe the Institutional investors are not the reason for this dump. But what if those institutional investors only are selling hard in order to safeguard their assets before huge capital gains taxes will be levied on them as promised by Biden? Don't you think it as a major reason behind this dump?

Or maybe they are riding with it to catch more cheaper coins from the market. Institutional investors are good in terms of riding with the waves of any trends,

If they seen potentials they'll grab the opportunities right way, it's really hard to say what will be the fate of your investment, like what you have mentioned no one have an accurate predictions even technical analysis can go wrong.

Your knowledge will keep you away from losing most of your assets, you got to trust your  own assessment,.

Everyone here doesn't have a crystal ball so they can never predict exactly what will happen in the future regarding the price of bitcoin. Also we have seen that a lot of technical analysis can still go wrong because basically no prediction is always right even though some of them can be done well. Bitcoin and other altcoin are asset whose price are determined by supply and demand, therefore it is still possible to see them wrong with what had been predicted.

We definitely look forward to the market to recover soon and the bullish will continue. But today we have another fact that even though the support from institutional investor is quite large, they will also not be able to withstand the wave of trader panic.

It funny how some cryptocurrency enthusiasts predicted what will happen in the crypto market in the future through the current bullish market happening when everything is going up simultaneously whereas the volatility in nature of the market can pose any momentum without any problems.
The word Bitcoin will never fo below $50,000 proved to be false by the current market price.
Please let's wake up to the reality next time.

The events happened a little faster than I expected  By the way, at the moment, the price behavior model is very similar to: a fall - a partial recovery - a new deeper fall - again a partial recovery, etc. It looks like we are moving into a bear market and will soon see levels even lower than 40k.

Love that my prediction was wrong!

A few weeks ago I figured Bitcoin would spend a couple more months in the $40,000s and $50,000s, normalizing that price, before gradually continuing its upward movement, but then when it went to $64k I thought it had bust out of this range early so I made this prediction. Turns out my original thoughts were right! Continued normalization of $40,000s and $50,000s as Bitcoin builds a base around $50k. All playing into the ever more clear view that we're in the early stages of a multi-year bull market "super cycle".

Charts are forming a new pattern we've never seen before. Instead of parabolic boom and crash, the chart has now leveled out following an initial parabolic phase. Bitcoin market looks so much more mature now than past cycles. FOMO is no longer the driving force of Bitcoin. We're seeing the mature narrative of Bitcoin as a long term store of value increase rather than a get rich quick scheme - and that is clearly on display in the price chart this year. Looks like I made the prediction in this thread a little bit too early, but it solidifies my more general thoughts on the market. I'd love to see $40,000s and $50,000s stay through May and maybe even June so new participants and institutions looking to dive in deeper feel very comfortable at current prices and can get in low before price start moving up again!

Charts look great and everything is still moving well in the bull market, $100k looks on target for later this year in a much more sustainable fashion than probably most people predicted. Won't be long until $50k truly is a thing of the past!

I can wait for $20k, you know everything is possible, once bitcoin hit below $40k, $30k, then $20k will become a realistic prediction. When we say dump or correction, it's the opposite of the bull run. Be open of the possibility, but always consider the dump as an opportunity, long term holder could accumulate a cheaper price if they'll wait, with this current dump, let's see how the market will react, whether it will dump more or will recover.

Lol, he probably did, we are now trading at $48k-$49k. And we are back to the price in February if I'm not mistaken. But in any case, yes, this is another golden opportunity to pick up and buy bitcoin at a discount again.

No one to wait for like $20k, like what someone has been spreading in this community for the last couple of days. Buy as much as you can at this price and then hold, simply as that.

It is obviously a fact that the case topic is invalidated as Bitcoin has shown the way below 50k. I see Bitcoin still testing lower levels and possibly breaking them to show lower supports. loads of factors have come to play but most importantly are the regulatory agencies passing laws and enforcing laws across all levels and having stern penalties to it.

I'm surprised to see Bitcoin below $50 k but it comes a time when I don't have funds to buy more, I should have prepared for this scenario, this a proof that sometimes it's worth a wait, my worry is that I failed to buy at this dip I'm not worried on the dip, Bitcoin will eventually recover, this is a good opportunity for investors and those who wants to invest the first time.

...And this is why one should never say never.
It's just 9 days since the starting post and we're already under 50k.
OP, I have a feeling that you've jinxed it 

I'm not worried though. There are quite a number of companies and entities that just love to buy the dip.

Think I passed by suchmoon on a similar time machine, though I might point out my genius even earlier at the last ATH, too long traversing Bitcoin weirdness to rule out any price so soon... Especially when 50k is barely 20% of current peak price.

Nice that whatever you buy now is 20% more when 60k gets its due test.

I'm sorry to say but I gotta disagree. Just traveled with my time machine to about half hour ago and saw it go not just below 50 but even below 49.

Currently it is on $50,344.
Still at a good price and position while this is another fuel for bitcoin to cross another all time high. This is getting excited how high bitcoin will be after this correction. While the market is being manipulates again, this is pushing outside those weak hands while the whales gonna take their sold bitcoin at a cheap rate.