Bitcoin will never go below $50,000 again - page 7.

ultrloa

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Quote from: carlfebz2 on April 20, 2021, 05:45:16 PM

Quote from: darewaller on April 20, 2021, 07:59:23 AM

Quote from: arwin100 on April 20, 2021, 07:35:37 AM

Market is so volatile so expect that we have bad trends coming just like what happen last days but we cannot expect more huge dumps just like what happen before since there are big institutions are backing up bitcoin and just like what many expect bitcoin price regains its foot and goes back at $55,000 level, few steps ahead and we will get back at $60,000 again which is still high possibility to happen this year. But I'm still not closing the thought's about dumping more so lets just see what will happen next to its movement.

Yeah, the recent dumps was due to floods in China where some of bitcoin mining got interrupted; I do see this as big relief because bitcoin market just moved for a reason and I was expecting market to be moving upward for a new ATH but suddenly we had a drop which lasted up to $51k. This way I believe OP must be too true. Yes, bitcoin market is strongly holding above $50k levels and there could be very very less chances to dip below $50k levels as of now. Right now bitcoin market is trading above $55,700 levels which should be considered as a good buying point for all long term holders for the target of $100k.

And to add up, this was because of this event.

https://u.today/this-tweet-just-erased-288-billion-from-crypto-market-cap

The tweet had been already deleted or not avialable.
https://twitter.com/Fxhedgers/status/1383611847144730626

FUD is never a new thing.

Just discuss this fud to my friends earlier and we didn't believe about that tweet since we know its a manipulative act by the whales to create panic to the weak hands and seems they are pretty much effective since successfully move the market for just spreading that fake information. So for newbie traders better to learn from this since if they keep listening to more upcoming fuds they will lose more money if they will get panic easily.

carlfebz2

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Quote from: darewaller on April 20, 2021, 07:59:23 AM

Quote from: arwin100 on April 20, 2021, 07:35:37 AM

Market is so volatile so expect that we have bad trends coming just like what happen last days but we cannot expect more huge dumps just like what happen before since there are big institutions are backing up bitcoin and just like what many expect bitcoin price regains its foot and goes back at $55,000 level, few steps ahead and we will get back at $60,000 again which is still high possibility to happen this year. But I'm still not closing the thought's about dumping more so lets just see what will happen next to its movement.

Yeah, the recent dumps was due to floods in China where some of bitcoin mining got interrupted; I do see this as big relief because bitcoin market just moved for a reason and I was expecting market to be moving upward for a new ATH but suddenly we had a drop which lasted up to $51k. This way I believe OP must be too true. Yes, bitcoin market is strongly holding above $50k levels and there could be very very less chances to dip below $50k levels as of now. Right now bitcoin market is trading above $55,700 levels which should be considered as a good buying point for all long term holders for the target of $100k.

And to add up, this was because of this event.

https://u.today/this-tweet-just-erased-288-billion-from-crypto-market-cap

The tweet had been already deleted or not avialable.
https://twitter.com/Fxhedgers/status/1383611847144730626

FUD is never a new thing.

tbterryboy

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Quote from: thecodebear on April 14, 2021, 03:24:27 PM

We're at the beginning of a years-long super cycle that is gonna shoot Bitcoin from $10k up to well into the the hundreds of thousands over the next few years, with no crypto winters during that growth. Retail is calmer less FOMOy, institutions are coming in and by definition are more wary and less FOMOy, and with Covid + money printing the narrative around Bitcoin has finally evolved from speculative get rich scheme to store of value gold 2.0.

For these reasons, Bitcoin will never go below $50k again, even if we get a decent crash at some point like most people expect based on past market cycles (and yes I've been in crypto during the two big crypto winters), the bottom still won't go under $50k. Do you agree? Hit the poll!

Even with such a big crash, we stayed above 50k, that should make at least some people happy right? I mean I am very happy about it, it is definitely something I really wanted for a long time. I can't say if that is the end of it, I can't say if we will ever go under 50k or not, maybe we will, maybe we won't, I wouldn't know it, nobody can "know" it, we just guess. However we could at least say that we are doing better right now and that is a very good thing.

This is why I think there is a chance that we do end up with something decent after this crash, we will probably go up, it looks quite good and it will be something valuable once again. I don't know if 64k+ will happen again very soon, but I think if we have a recovery, it will definitely happen eventually and when we go over and break the all time high price, it is going to be a bull run followed after that.

Fortify

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Quote from: thecodebear on April 14, 2021, 03:24:27 PM

For these reasons, Bitcoin will never go below $50k again, even if we get a decent crash at some point like most people expect based on past market cycles (and yes I've been in crypto during the two big crypto winters), the bottom still won't go under $50k. Do you agree? Hit the poll!

I think if a single tweet by a relatively unknown organization was able to crash Bitcoin from around $61,000 down to $52,000 in the space of a few hours, on the mere speculation that the US government might start prosecuting banks for Bitcoin based money laundering, then it is highly possible a much larger crash could happen if it became reality. The only financial companies that will survive are those with stringent anti-money laundering precautions (removing anonymity) or fully integrated payment networks preventing external transactions (like Paypal). There are a couple other things worth remembering as well - one, that "Uncle Sam" may start to take a dim view against cryptocurrency if it ever looks like it could start replacing the US dollar as a reserve currency (highly unlikely). The second thing that might be worth considering is that Bitcoin is receiving a lot of support from the Chinese government which can be dangerous in numerous ways - they might eventually get the ability to perform a 51% attack or even have Bitcoin sanctions used as a financial weapon against them.

darewaller

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Quote from: arwin100 on April 20, 2021, 07:35:37 AM

Market is so volatile so expect that we have bad trends coming just like what happen last days but we cannot expect more huge dumps just like what happen before since there are big institutions are backing up bitcoin and just like what many expect bitcoin price regains its foot and goes back at $55,000 level, few steps ahead and we will get back at $60,000 again which is still high possibility to happen this year. But I'm still not closing the thought's about dumping more so lets just see what will happen next to its movement.

Yeah, the recent dumps was due to floods in China where some of bitcoin mining got interrupted; I do see this as big relief because bitcoin market just moved for a reason and I was expecting market to be moving upward for a new ATH but suddenly we had a drop which lasted up to $51k. This way I believe OP must be too true. Yes, bitcoin market is strongly holding above $50k levels and there could be very very less chances to dip below $50k levels as of now. Right now bitcoin market is trading above $55,700 levels which should be considered as a good buying point for all long term holders for the target of $100k.

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Quote from: Natalim on April 20, 2021, 04:11:40 AM

Quote from: slaman29 on April 20, 2021, 04:09:47 AM

Quote from: tygeade on April 20, 2021, 01:51:20 AM

Until yesterday, I was also believing like bitcoin market is holding stronger above $55k price levels and we are going to see you new ATH above $70 in coming weeks but right now I have changed my view because at any time we may test below $50k levels. But nothing there to be worried about is, because it is just another market fluctuations and definitely bitcoin market will bounce back from this correction like before.

All we can do right now is, making use of any possible dip below $50k price levels; definitely buying at dips will work once again along with this correction as well.

I did think all these calls were too soon. Forget about testing 50k floor we should even be prepared to tesk 40k floors, everything is possible when you get these situations of multiple leveraged positions closing, and then it just creates a downward momentum. Needs another Elon Musk Tweet to say BTC is still overpriced to take it down another 10k I would say.

As you said, just more dips to buy into:)

Bitcoin cannot be bullish forever, its just a certain season where we can enjoy what we have accumulated in the past, and the way I see it, it looks like bitcoin is going down below $50k soon, then it will floor to a lower price, just like before, it could even dump $10k and below, we just don't know but at least we know that it's possible based on the history of bitcoin.

Market is so volatile so expect that we have bad trends coming just like what happen last days but we cannot expect more huge dumps just like what happen before since there are big institutions are backing up bitcoin and just like what many expect bitcoin price regains its foot and goes back at $55,000 level, few steps ahead and we will get back at $60,000 again which is still high possibility to happen this year. But I'm still not closing the thought's about dumping more so lets just see what will happen next to its movement.

slapper

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Quote from: Natalim on April 20, 2021, 04:11:40 AM

Quote from: slaman29 on April 20, 2021, 04:09:47 AM

Quote from: tygeade on April 20, 2021, 01:51:20 AM

Until yesterday, I was also believing like bitcoin market is holding stronger above $55k price levels and we are going to see you new ATH above $70 in coming weeks but right now I have changed my view because at any time we may test below $50k levels. But nothing there to be worried about is, because it is just another market fluctuations and definitely bitcoin market will bounce back from this correction like before.

All we can do right now is, making use of any possible dip below $50k price levels; definitely buying at dips will work once again along with this correction as well.

I did think all these calls were too soon. Forget about testing 50k floor we should even be prepared to tesk 40k floors, everything is possible when you get these situations of multiple leveraged positions closing, and then it just creates a downward momentum. Needs another Elon Musk Tweet to say BTC is still overpriced to take it down another 10k I would say.

As you said, just more dips to buy into:)

Bitcoin cannot be bullish forever, its just a certain season where we can enjoy what we have accumulated in the past, and the way I see it, it looks like bitcoin is going down below $50k soon, then it will floor to a lower price, just like before, it could even dump $10k and below, we just don't know but at least we know that it's possible based on the history of bitcoin.

Maybe bitcoin will go lower, but not soon according to my analysis

The triple bottom has formed around $53500. Big reversal pattern for this massive sell-off. If I were you, I would buy bitcoin to take a small profit at $60000 or more. History may repeat itself and bitcoin can lower but right now it is a convenient time to earn money with cryptocurrency

Natalim

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Quote from: slaman29 on April 20, 2021, 04:09:47 AM

Quote from: tygeade on April 20, 2021, 01:51:20 AM

Until yesterday, I was also believing like bitcoin market is holding stronger above $55k price levels and we are going to see you new ATH above $70 in coming weeks but right now I have changed my view because at any time we may test below $50k levels. But nothing there to be worried about is, because it is just another market fluctuations and definitely bitcoin market will bounce back from this correction like before.

All we can do right now is, making use of any possible dip below $50k price levels; definitely buying at dips will work once again along with this correction as well.

I did think all these calls were too soon. Forget about testing 50k floor we should even be prepared to tesk 40k floors, everything is possible when you get these situations of multiple leveraged positions closing, and then it just creates a downward momentum. Needs another Elon Musk Tweet to say BTC is still overpriced to take it down another 10k I would say.

As you said, just more dips to buy into:)

Bitcoin cannot be bullish forever, its just a certain season where we can enjoy what we have accumulated in the past, and the way I see it, it looks like bitcoin is going down below $50k soon, then it will floor to a lower price, just like before, it could even dump $10k and below, we just don't know but at least we know that it's possible based on the history of bitcoin.

slaman29

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Quote from: tygeade on April 20, 2021, 01:51:20 AM

Until yesterday, I was also believing like bitcoin market is holding stronger above $55k price levels and we are going to see you new ATH above $70 in coming weeks but right now I have changed my view because at any time we may test below $50k levels. But nothing there to be worried about is, because it is just another market fluctuations and definitely bitcoin market will bounce back from this correction like before.

All we can do right now is, making use of any possible dip below $50k price levels; definitely buying at dips will work once again along with this correction as well.

I did think all these calls were too soon. Forget about testing 50k floor we should even be prepared to tesk 40k floors, everything is possible when you get these situations of multiple leveraged positions closing, and then it just creates a downward momentum. Needs another Elon Musk Tweet to say BTC is still overpriced to take it down another 10k I would say.

As you said, just more dips to buy into:)

tygeade

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Quote from: Xinarae* on April 19, 2021, 11:18:08 PM

No one can say for sure whether bitcoin will ever go below $ 50,000 again but the market is undergoing a huge revision which means that bitcoin will rise further bitcoin is in a strong position in the crypto market and will not go below $ 50,000 even if the price goes down. As well as transactions or payment gateways like PayPal have now started accepting digital currencies the acceptability of Bitcoin has increased.

Until yesterday, I was also believing like bitcoin market is holding stronger above $55k price levels and we are going to see you new ATH above $70 in coming weeks but right now I have changed my view because at any time we may test below $50k levels. But nothing there to be worried about is, because it is just another market fluctuations and definitely bitcoin market will bounce back from this correction like before.

All we can do right now is, making use of any possible dip below $50k price levels; definitely buying at dips will work once again along with this correction as well.

Xinarae*

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No one can say for sure whether bitcoin will ever go below $ 50,000 again but the market is undergoing a huge revision which means that bitcoin will rise further bitcoin is in a strong position in the crypto market and will not go below $ 50,000 even if the price goes down. As well as transactions or payment gateways like PayPal have now started accepting digital currencies the acceptability of Bitcoin has increased.

peterpanda

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As a bitcoin lover, you can speculate that but bitcoin may down below $50k again. It is possible for crypto currency like bitcoin. I believe that bitcoin will hit $100k but we can't speculate surely that it will not down below $50k.

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Quote from: Ararbermas on April 19, 2021, 12:13:10 PM

Perhaps it will make a correction in the price but not that much.. I, guess. Because seem like its not fair for bitcoin to falls back to the oldest bottom price. Especially after alll the bump. In my opinion it will happen only when whales manipulate the said coins.. Just imagine 62k to 50k? a massive dump actually..

Just imagine that the price jump only in a month from $53k to $63k, it can be a big gap but it just happen in a short period of time and is now recovering again, the dump is normal as it experience too much hype in just a short period of time and continuously setting ATH, a little break will not harm anyone unless werent able to take some profit atleast.

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Quote from: Oasisman on April 19, 2021, 06:17:02 AM

Dip has just happened after Bitcoin reaches $64,000, it was followed by a $53,000 dip. Though the possibility for Bitcoin to go below $50,000 is always possible, but it probably not gonna happen currently as institutions are still coming in to the crypto market.
If you noticed after the crash, people are rushing to buy at $52,800+. Some might have been waiting for $50,000 but It really is hard to wait to buy at that level especially that investors has been looking for a good entry point.

I think 53k wasn't there for too long, we have been over 55k+ for the majority of the time, that 53k (and even 51k) was hit and then bounced back very quickly, didn't even take 1 full day for it to go back up, so we can easily say that dip has been 55k if you waited. I believe that is not bad at all. I do believe that 50k could be reached and it could go under but I believe it is not that easy neither.

I just think when there is a huge crash in the market for something major that means we could be under 50k, however no regular everyday type of crash like we have just seen could make it go under 50k. Why? Because like you said people were rushing to buy bitcoin as soon as it dropped, that means a lot for us and as long as that happens we should not really worry, as long as people buy that is a good thing, be scared if people stop buying bitcoin.

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Quote from: Febo on April 15, 2021, 04:52:02 PM

Quote from: thecodebear on April 14, 2021, 03:24:27 PM

Bitcoin will never go below $50,000 again

$50k is a 25% drop. Bitcoin did such drops in a single day. It can easily be sub $50k in a week. It will probably be at sub $50 during next month. Few bad news and some FUD and we are there.

Right now the price seems to be trapped between 50k and 60k, just a few days ago when we reached a new all time high it seemed as if we had finally left such levels behind but the bears made a huge effort to push down the price and to reverse the trend and they were close to get what they wanted as we reached a price as low as 51k at some point, but this tells me reaching a price below 50k during the short term is not as easy as it may seem and it seems we are going to remain at the current levels for some more time.

Ararbermas

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Perhaps it will make a correction in the price but not that much.. I, guess. Because seem like its not fair for bitcoin to falls back to the oldest bottom price. Especially after alll the bump. In my opinion it will happen only when whales manipulate the said coins.. Just imagine 62k to 50k? a massive dump actually..

2double0

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Quote from: Kemarit on April 18, 2021, 06:46:11 PM

<<>>

So we almost visited $50,000 again, but thanks to those strong hands, they didn't bulged-in, never moved their position and the price is holding almost 18 hours after billions of dollars have been wiped out. Let's wait till the dust settled in the next 6-10 hours and see the effect of this negative news.

The markets have recovered quite heavily today but selling pressure is still there as I am seeing some insane 140-200 btc orders on the sell side for btc usdt pair. I think we are about to see some bloodbath before the dust settles and this time, btc may plunge below $50k once again to take down the liquidity that has been holding for so long.

STT

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People who say things like this either havent been around long enough to know better or are willing failure by arguing perfection where it doesnt exist. Volatility obviously means both directions not only upwards, if we agree Bitcoin can be erratic in a positive way then its only realistic to admit it can mirror this downwards also and it doesnt mean it stays at below 50k but it can trade below there without too much required imo.

Above 55k I dont think anything much happens this week but also breaking upwards from 60k later falling back like this appears badly; top of a ladder is the most dangerous step. A failed move can lead to reversal if you think technical patterns matter but I've not seen anyone warn on that as the Sunday or weekly close wasnt so bad as it could have been but imo it can develop that way if it drags on.

buwaytress

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Quote from: sana54210 on April 18, 2021, 02:44:51 PM

The reason why they always do this on Sunday is that there are a lot of banks that do not wire money on Sunday to crypto places (well most places) and that is why weekends are harder, you have to deal with what you have in the market and new money doesn't come in that easily so that causes the price to drop and nobody to put more money to buy again. Of course there are many methods all around the world that you could do to buy more, but there are also many methods that you could lose more as well.

This is why at the end of the day we are talking about weekend drops. They know this and they just share these things to try and hurt crypto as well, they could very well do this on a weekday, or not even share this news, but they know that if they shed a bad light on bitcoin they could drop it. Janet Yellen is known to hate it so I think that makes sense.

Not sure this is really valid given that I've seen and enjoyed plenty of Sunday bull runs myself -- all this bearing in mind there's little on-chain interaction on the weekend as well. Definitely can see the role of leverage platforms and cascading liquidity as has been put forward by some analysts, but yeah, Sunday does seem to hold a special place in Bitcoin markets;)

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Quote from: Twinscoin2017 on April 19, 2021, 05:55:26 AM

Well we cannot really say that the bitcoin will never go back below 50k$ because after a big pump i am sure that big dip will also come, maybe not this year but there will also a dip and i will wait for that dip to buy and hold, for now i will prefer to some altcoin good altcoin will surely rise this is bullish season so there are always a great posibility that alt season will start.

Dip has just happened after Bitcoin reaches $64,000, it was followed by a $53,000 dip. Though the possibility for Bitcoin to go below $50,000 is always possible, but it probably not gonna happen currently as institutions are still coming in to the crypto market.
If you noticed after the crash, people are rushing to buy at $52,800+. Some might have been waiting for $50,000 but It really is hard to wait to buy at that level especially that investors has been looking for a good entry point.

Topic: Bitcoin will never go below $50,000 again - page 7. (Read 2432 times)