Topic: Bitcoin will never go below $50,000 again - page 9. (Read 2432 times)

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

Well, clearly this is the speculation section and as such, all sorts of lucubrations fit. It seems early to say that we would not go below $50k when we have been close because the weak hands have become irrationally scared. In any case it looks like it has bounced and there is no more danger at the moment.

looks like that, and I hope so too. however, the current price is very close to the $ 50k mark, and I think if the dump happens again, bitcoin prices could be below that. however, no one knows about the price changes in the crypto world. even the price of Doge is currently beyond people's predictions. Well, I think it's still possible to see a bitcoin price below $ 50k, but I didn't expect it.

I think it is still possible. For me and read some people say in this forum, in crypto anything is possible. Not only bull run like now but bear trend can come anytime. That is why in crypto we should know what time to take profit before our investment back again or maybe give us losses. That is what is always on my mind for now especially at this price which is really high.

The number of institutional investors this year is huge, it is the difference in the history of bitcoin.  All are in favor of bitcoin, this trend is difficult to stop.  Institutional investors will not break their "guideline" and goals.  people agree, no one wants to oppose their organization because it creates a great motivation to create a new era together.  everything is going synchronously.

We can really see the probability due to those factors that do circling around when it comes to adoption and recognition which we can presume that it can really affect the market
even more on a positive manner even though that there's no guarantee on what are the things that could happen ahead but we do able to see that high possibilities and also
we arent really that far with that 100k if we would really be discussing that but we should not make ourselves in a hurry because this wont really be a smooth sailing ride.
We would play with the waves because even the market is filled out with positive news and events but it wont making a guarantee.

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

That's every investors wish but that can't be bet on. You can never know how the market will rreac, to some extend the market is looking mature as it isn't getting easily manipulated unlike before but that doesn't mean it won't have some worse days that it'll seem like the bubble is about to burst.

For the past months we have been experiencing continuous growths, therefore we shouldn't expect this to last forever as it'll be more dangerous if that's the case. Some downtime are needed for the market to get new funding and this can mostly come when the corrections happens then more funds get pumped in due to FOMO as the market recover.

From the current price of bitcoin, a mere 20% to 30% market lost that happens with in a period of days would see the price of bitcoin going below $50,000 with ease. Therefore lets not get our hopes all up yet.

OP maybe assuming if there are new large institutional investors going to join the bandwagons of large entities there's a possibility that the Bitcoin price will break a new ATH and that proves to be a strong support that Bitcoin won't be going to touch the $50k again. But of course, this is just a pure speculation so everything might happen and the possibility of breaking the strong resistance is possible if only these large institutional investors get in.

Although, if there ain't no news about of pumping about the market then expect that we are going to touch $50k again. But the market is still testing some price action so we'll have to wait for a week of months to see what's going on.

 It's too early to say this in my opinion, the prices are still looming near 50k and I wouldn't assume that the prices will never go lower than 50k anymore since it is still close. Maybe if bitcoin prices maintain a certain price point for over a year or for 2 quarter, maybe then it will be safe to assume.

Hahaha your right. But that happens many times. I remember when Dogecoin increases so high and make people and my friends, including myself, amazing because we never thought that Dogecoin could jump to that high price short time. The strong investors will not just follow the market trend because they will have another analysis that will determine them to sell or just wait for more or sell all at once. That type of investors can wait for a long time and not getting the effect from the trend of panic because they have a lot of experience that help them decide.

Only 30%? I think that in this particular case, that percentage would be much higher, because we should not forget how much influence the US has when it comes to Bitcoin. We are not just talking about Coinbase, Grayscale, PayPal or Tesla, but also about the global US influence on the rest of the world - which means that such a move would be followed by some other countries that otherwise blindly obey every command from the US.

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Turkey did not ban cryptocurrencies in the literal sense, they banned their use for the purchase of goods and services, and everything else is still allowed as before. It is also wrong to compare Turkey and the US in this or any other context, these are two completely different countries and what happens in them affects the rest of the world quite differently.


For someone who has been in the world of cryptocurrency for a long time, the word never should not exist in the vocabulary - because when it comes to Bitcoin, anything is possible.

Yeah I don't know what that guy is talking about. There is still a ton of FUD around bitcoin and cryptos. I mean USA central bank banning bitcoin is meaningless because they don't make laws, but yeah your point is news or even rumours still highly affects the price, that is totally true. I'm sure we all remember the fake double spend news from a couple months ago that dropped the price from $33k to $28k in a single day.

But to your original point in the first quote, yeah $50k is like a 20% drop from here, but a correction from here is very unlikely, as the price just spent basically two months consolidating in the $50,000s. And a sub $50k price next month, a drop from say maybe $70,000s is unlikely because that's a 30-35% drop AND again Bitcoin just spent two months consolidating in the $50,000s. Sure it COULD happen, but will it? Good chance it doesn't. Next correction might bottom at $55k-$60k. And if it doesn't happen in the next month, I think the chances of it happening later are far less. I'd say there's an unlikely but small chance it happens in the next month or two, and a much smaller chance it will happen later on. Which is why I don't think it'll ever happen.

I'm not saying like there's zero chance of it ever happening, but I am saying I don't think it's very likely and I bet it doesn't ever go below $50k again. I'm not buying that there is gonna be a giant peak this year and huge crash and bear market like previous cycles, which I fully explained in my initial thread comment - cuz this bull market looks way slower and more stable and sustained and less FOMOy than ever before plus institutional support. To show an example of my point about a longer and more sustained and less in danger of huge peak and huge crash happening: the major movement of the bull run started around mid October, so it's been 6 months already, in 2017 the whole major part of the bull run only lasted 7.5 months, so on that timescale we're now starting Nov 2017, but rather than starting the big fast huge rise to the final peak now, we're just coming off two months of ranging and consolidating in the $50,000s, nothing about the current price suggests we even have to start thinking about the price becoming unstable and nothing about the market action suggests the world is gonna suddenly FOMO in and double or triple the price really quickly which is what is needed to lead to a big crash.

Also check out today, an entire country of 85 million people banned crypto and the price dropped all of $3000 and looks like that was it. Plus at the same time you have shit like Doge, BCH, Litecoin all pumping hard today and yet it's not bleeding Bitcoin. Plus you recently have some bank in the US saying they aren't allowing their customers to even buy stocks of companies that own Bitcoin, you also had Coinbase stock dropping hard 25% from its high in the initial hours on the market a few days ago! None of that had any more affect on Bitcoin than just normal daily volatility. $50k could happen soon but it is a big stretch to say it will, and if it doesn't happen soon it will probably never happen.

Panic is not new in the crypto space, that's the time where whales are getting into play to drop the price so they can start accumulating again before they put the market into a big bull run. Typical investors will just follow the market trend, most especially if its bullish so it's easy to sell those cheap coins accumulated during panic when the hype is on, so let's always remember that easy possibility.

We can't guarantee anything with that logic. Can you guarantee me somehow that it will never be under 1 dollar? We can't give a guarantee like that but we know that it won't be going down that much, we just "know" something like that won't happen, you can ask anyone in the world and they will all say that it will not be under 1 dollar for sure.

In any case we still do not have anything that would be predicting under 50k right now, but that could happen, under 50k is more plausible than under 1 dollar obviously, but just like how we know it won't be under 1 dollar, OP is saying he knows it won't go down under 50k as well. My personal favorite is won't be under 20k ever again, I really do believe that, I can't guarantee anything like that, but I just feel like that seems like a reasonable approach and will probably turn out to be true over time when it fails to go under that.

LOL. Tomorrow USA central bank says they baned Bitcoin. Price would drop 30%. You dont even need they say that. There can just be a rumour. If you think that Bitcoin is free of all problems, you are very wrong. We are only on start of a long fight. All countries will fight against losing control of printing money. They are still in denial. 

Feel free to say that it is the user who sets the price of bitcoin which mean the price of bitcoin is determined by supply and demand. This will be a market law that continues to apply to bitcoin which in turn will make its price volatile. Bitcoin can go up higher than $100K and it can also drop below $50K if we judge it in term of supply and demand. But right now, the high enough demand for bitcoin will be a supporting factor not to see the price drop below $50K. Market cycles will occur, no one can say for sure.

In 2017 bitcoin price was hit around $19k and then its price get down at around $6k. In this year bitcoin hit around $64k. That's not mean its price don't go below $50k. This can happen anytime that bitcoin Price get down below $50/$40k.

What is certain is that the market cycle will definitely occur, even though we don't know when the time is. with Coinbase listing on the Nasdaq, of course, will make bitcoin and other crypto positions quite strong. Even so, I still have thoughts that bitcoin could still fall below the $50k price level, imo. but don't get me wrong, I believe that at this time we also haven't seen the maximum value of bitcoin. With a lot of new money going into crypto and crypto that has become a new trend, I think we will encounter new ATHs almost all the time

Predict on Crypto is not easy. This is much tough. I think no one can surely predict upon Crypto currency. Though bitcoin is a good coin and its price is now in better position thats not mean its price will never go below $50,000. Its price can go below anytime.