Bitcoin will never go below $50,000 again - page 8.

blckhawk

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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.

There's no one really can tell on what will be the next move of Bitcoin if it is going to break the ATH or going for a dip and as for predicting the price. It seems OP was very optimistic regards on Bitcoin price which there's nothing wrong actually however, you should know everything has a limit, Bitcoin will not always in a bull run and will increase forever. There will be dumps no matter what happened, as a matter of fact, we had a correction recently and it almost drops to $50k, imagine if Bitcoin enters the bear market it will definitely fall beyond $50k.

Twinscoin2017

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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.

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Quote from: philipma1957 on April 18, 2021, 07:01:09 PM

Noon on Tuesday we will know if this is the beginning of a long drop or if it was simply buy the dip.

I went with buy the dip and got some cheap btc. 51.7k and 52.0k were my buy points.

I almost believe that Yesterday will be the day when the Value drops down to almost 52k$ level But lucky that it does recover overnight and went back to almost 56k$ I was at my standby mode waiting for 50k Plain level to buy more but yeah I failed .

Quote from: Rasa nanas on April 18, 2021, 10:14:55 AM

it depends on how high the bitcoin price reaches the ATH. if bitcoin only hits an ATH below $ 100k, the chances of bitcoin price dropping below $ 50k are pretty big. If you understand the price of bitcoin when it reaches ATH in 2017 you will understand what I mean.

What is the comparison from 2017 to 2021? if you really know the market surely you won't say those nonsense .

obviously you know nothing but BS posting.

Shasha80

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Before that, when Bitcoin hit the ATH price of $ 64k, I was very optimistic that the Bitcoin price would not drop below the $ 50k price again.
But suddenly now Bitcoin is correcting and very quickly falling below the price of $ 55k, I have more doubts whether Bitcoin will never hit
a price below $ 50k again. Indeed, it is very volatile once the Bitcoin price can go up very high and if it has gone down the price can immediately
fall suddenly. The most important thing is that in situations like now we should not panic, still believe that Bitcoin will recover in the near future.

philipma1957

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Noon on Tuesday we will know if this is the beginning of a long drop or if it was simply buy the dip.

I went with buy the dip and got some cheap btc. 51.7k and 52.0k were my buy points.

Kemarit

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Quote from: 2double0 on April 18, 2021, 06:21:02 PM

After the short squeeze that happened on Sunday, I think that you should reassess your analysis Op. The fall was sharp from $62k to $51600 and it was near $50k, so breaking it down again is not a big deal for the shorts. Some say it was a funding fee reset, others say that US Treasury may charge some financial institutions for conducting money laundering through the use of cryptocurrencies.

Yes, I read that someone tweeted about US financial body investigating on exchanges about money laundering that really fuel this flash crash on a weekend. Imagine that, when we are all relaxing with our family suddenly the market goes down very hard because of this unfounded news.

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.

2double0

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After the short squeeze that happened on Sunday, I think that you should reassess your analysis Op. The fall was sharp from $62k to $51600 and it was near $50k, so breaking it down again is not a big deal for the shorts. Some say it was a funding fee reset, others say that US Treasury may charge some financial institutions for conducting money laundering through the use of cryptocurrencies.

KTChampions

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Quote from: cryptomaniac_xxx on April 18, 2021, 05:52:20 AM

Quote from: KTChampions on April 18, 2021, 04:11:31 AM

A few hours ago, we all saw how the price can fall for no particular apparent reason Wink

I see no reason why such a drop can occur more evenly and, for example, bring us to a price of 30k in a couple of weeks. At the same time, I should note the level of 30k will be very good for the entire ecosystem and will not interfere in any way with the further development and adoption of bitcoin.

Was out for almost a whole day in our time, then upon checking like 4 hours ago, it was down to $56k and I said what's the reason behind, then goes up to $57k and now to $54k. So I advise some of my buddy to buy at this very attractive price. So much for the price not going to $50k, Lol, in any case, we will see a clearer picture tomorrow as I'm sure there will be a lot of speculations for the sudden dip.

I am wondering what your confidence is based on and what you will tell your friends if they buy bitcoin and the price drops significantly lower. I can assume that since you are planning to give such advice then they are new to the crypto and you are going to take on such a responsibility?

pixie85

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Quote from: Wilhelm on April 18, 2021, 04:15:50 AM

Somebody just tried to drop it below $50k Tongue

Probably a whale forgetting that pesky decimal point on a market sell order... Roll Eyes

Rather a bunch of whales since that was thousands of BTC sold across multiple exchanges in less than 1 hour.

There's nothing to worry about though. Pretty much a normal selloff after an all time high and a few days ago I was talking about the pi cycle top being marked. I think it was on Tuseday last week that the marker went off and 2 days later we had a first small crash, then another and another...

Small liquidity on exchanges that we're experiencing isn't helping but bulls still look strong.

sana54210

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Quote from: buwaytress on April 18, 2021, 08:42:54 AM

Almost like they were prepping that loaded gun to shoot at the markets when it was in a frenzy ha. Suppose the convergence of network presumptions and external market pressure seems to have combined nicely on Sunday.

No matter, good to get this out of the way now. We all know Bitcoin does seem to perform exceptionally well in the face of intense pressure and scrutiny.

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.

hatshepsut93

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People say "this time is different" every bull run. I don't think that a small number of companies investing in Bitcoin means that literally every possible institution will join in this bull run. The point of investing is to buy low and sell high, and buying a volatile asset prone to bubbles at ATH and in prolonged bull run doesn't sound like "buying low".

Rasa nanas

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it depends on how high the bitcoin price reaches the ATH. if bitcoin only hits an ATH below $ 100k, the chances of bitcoin price dropping below $ 50k are pretty big. If you understand the price of bitcoin when it reaches ATH in 2017 you will understand what I mean.

buwaytress

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Quote from: btc_angela on April 18, 2021, 06:26:49 AM

Oh well, they are pointing about this tweet as the source of the so called dump that we are seeing right now.
https://twitter.com/Fxhedgers/status/1383611847144730626
===
Hopefully this is just temporary, we have seen January and February with 20%++ decline and yet we bounce back and then new ATH.

Price currently at $54k++.

Ah right, thanks for pointing that out. Almost like they were prepping that loaded gun to shoot at the markets when it was in a frenzy ha. Suppose the convergence of network presumptions and external market pressure seems to have combined nicely on Sunday.

No matter, good to get this out of the way now. We all know Bitcoin does seem to perform exceptionally well in the face of intense pressure and scrutiny.

traderethereum

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Quote from: btc_angela on April 18, 2021, 06:26:49 AM

Hopefully this is just temporary, we have seen January and February with 20%++ decline and yet we bounce back and then new ATH.

Price currently at $54k++.

I guess people afraid of that news. Maybe they do not want to be suspected of money laundering, but that is just my guessing and I hope that is not right.
Yes, I agree that the price will bounce back to the higher price and back to the $64k level price, and that is why we need to have patience.
Hopefully, the next week will be a good moment for bitcoin to go up, and if that can happen, the altcoin will be back increased.
I hope people can stay calm for a while and not panic about it because it will end soon and everything will be okay.
So enjoy this moment and if you see the chance to buy back or buy low and sell high, you should use that time.

dezoel

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Most of the people said they do not agree and it could go down under 50k, that is basically what the market being reasonable means. I mean we do believe in bitcoin, we buy it, we increase the price, but when it comes to crashing we full on know that it could crash as well, that is what matters to us, that is what we care about, because that is going to be the most important part for us. That is why I think it is quite important that we realize this is different than 2017.

In 2017 people were basically crazy, nowadays even though everything is going up, people are smarter, they take out their profits, they care about what is going on and they know very well that they could lose their money, some don't care and some just act accordingly. Which is why I think it is quite different this year and that is why we will probably not change anything at all, it will probably be fine this year.

btc_angela

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Quote from: buwaytress on April 18, 2021, 06:18:14 AM

Phew, bottom on Sunday at $52k, and it's not clear if this is it. Pretty traumatic I would say for a lot of people who're just only used to seeing ATH stack upon ATH the past weeks but I wonder if it's anything to do with some poorly-understood analysis of hashrate effects this past week (yes, I'm first to admit I didn't think it was going to be bad but the mempool clog's proving it really was something of an effect).

Oh well, they are pointing about this tweet as the source of the so called dump that we are seeing right now.

https://twitter.com/Fxhedgers/status/1383611847144730626

Quote from: buwaytress on April 18, 2021, 06:18:14 AM

Temporary, for sure, just how temporary is anyone's guess.

Hopefully this is just temporary, we have seen January and February with 20%++ decline and yet we bounce back and then new ATH.

Price currently at $54k++.

buwaytress

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Phew, bottom on Sunday at $52k, and it's not clear if this is it. Pretty traumatic I would say for a lot of people who're just only used to seeing ATH stack upon ATH the past weeks but I wonder if it's anything to do with some poorly-understood analysis of hashrate effects this past week (yes, I'm first to admit I didn't think it was going to be bad but the mempool clog's proving it really was something of an effect).

Temporary, for sure, just how temporary is anyone's guess.

Reatim

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

Today is April 14th 2021, Bitcoin is trading at $62k - $64k today. It just spent basically two months building support around $50,000 in a very non-bull-run like fashion. This is because this bull run isn't gonna be a relatively short FOMO-driven huge peak and giant crash + crypto winter. 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!

Check this Out Budz https://coinmarketcap.com/currencies/bitcoin/

and this is the current status of Bitcoin Price $54,766.63 and continuously falling since last night.

Are we seeing Below 50k once more? Well I'm hoping because i had already saved My bitcoin before dropping to below 60k meaning there are budget to re buy when the price hits below 50k again.

Hope to happen next week and surely the next ATH will be 75,000$ soon.

cryptomaniac_xxx

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Quote from: KTChampions on April 18, 2021, 04:11:31 AM

Quote from: ivankoh on April 17, 2021, 10:43:24 AM

Quote from: KTChampions on April 15, 2021, 02:31:33 PM

I've seen a lot of similar topics and usually the authors were wrong. Given the fact that a fairly high level is chosen in this topic, I think that within a year we will see how the author of this topic turns out to be wrong. If I was offered a bet, I would not even be sure about the 10k level.

I think we're fair to all of the opinions. $ 50k with bitcoin and in the crypto market is a possibility that we all acknowledge the nature of volatility. Economics contains this concept. Speculation is by no means conservative but it is clear that in this year's supported trend, good seasoning has created a lot of hearty parties, it will head towards $ 100k.
Vote: YES

A few hours ago, we all saw how the price can fall for no particular apparent reason Wink

I see no reason why such a drop can occur more evenly and, for example, bring us to a price of 30k in a couple of weeks. At the same time, I should note the level of 30k will be very good for the entire ecosystem and will not interfere in any way with the further development and adoption of bitcoin.

Was out for almost a whole day in our time, then upon checking like 4 hours ago, it was down to $56k and I said what's the reason behind, then goes up to $57k and now to $54k. So I advise some of my buddy to buy at this very attractive price. So much for the price not going to $50k, Lol, in any case, we will see a clearer picture tomorrow as I'm sure there will be a lot of speculations for the sudden dip.

Wilhelm

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Somebody just tried to drop it below $50k Tongue

Probably a whale forgetting that pesky decimal point on a market sell order... Roll Eyes

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