Topic: Bitcoin's Recent Drop Below $60K Is Not Worrisome, Analyst Says (Read 496 times)
Unfortunate for me and some who were looking forward to withdraw this December but again we've experienced quite the growth these past few months and I guess all we have to do for now is wait until the bearish season is over, people shouldn't be too worried about this, esp. for the long-term holders, now for someone like me, I guess I'll have to convert some of it and try to settle investing on other coins for short-term profit.
November 21, 2021, 01:40:25 PM
Yes it was dipped and reached at 56k but it today it is on 59k in few some days it will come on its old price and analyst says it will reach 100k in this season.
November 20, 2021, 08:42:28 PM
Bitcoin has gone too far and it already made lots of investors millionaires and I don't think the price drop should be the reason for us to worry. We have seen how Bitcoin could reach a good price so if its value strikes down, it would still reach a better price later on. Instead of panicking, we better take every market situation to take profit.
November 20, 2021, 05:57:13 PM
No worrisome for long-term investors even if the price drops below 50K. If you can be a long-term investor and you believe to see bitcoin price even above 500K, no worries if the price drops from 69K to 50K. Otherwise, even a one percent price fall can make you worry.
You do know that for the fact you believe in something, that doesn’t mean it is going to happen, right? If you believe that bitcoin will reach $2 million next year, that doesn’t mean it would happen. You’re simply just hoping that it would get to that level, but that doesn’t mean it would reach to that level, but it still might. So that’s why it’s good to be calculative enough and make the right decisions, when you’re investing in bitcoin.It would not be bad to take profit when the market is good. You have to make sure that when the market is bad, you have at least gotten something from it that would make you not to worry too much about it.
November 20, 2021, 03:34:33 PM
No worrisome for long-term investors even if the price drops below 50K. If you can be a long-term investor and you believe to see bitcoin price even above 500K, no worries if the price drops from 69K to 50K. Otherwise, even a one percent price fall can make you worry.
You do know that for the fact you believe in something, that doesn’t mean it is going to happen, right? If you believe that bitcoin will reach $2 million next year, that doesn’t mean it would happen. You’re simply just hoping that it would get to that level, but that doesn’t mean it would reach to that level, but it still might. So that’s why it’s good to be calculative enough and make the right decisions, when you’re investing in bitcoin.It would not be bad to take profit when the market is good. You have to make sure that when the market is bad, you have at least gotten something from it that would make you not to worry too much about it.
November 20, 2021, 01:35:00 PM
Frankly speaking I want that bitcoin goes down even more as I dont have any bitcoin right now and I want to buy bitcoin currently so for short term I really want bitcoin to go down and then I would buy some bitcoin as well all know it will keep on growing it is only a correction which will not last long so I will wait a couple of mor days then I will buy some of those
November 20, 2021, 12:31:29 PM
I think any drop in Bitcoin price is nothing to worry about, the fluctuations are frequent and sometimes so significant that it makes new investors sometimes worried. If you are a long-term investor, of course, you have high expectations, I think the price of Bitcoin will continue to rise above $100,000, if there is a decline below $50,000, there is no need to panic, because panic will make you lose. Stay focused on surviving and believe that if Bitcoin is going to go up, you get unexpected profits.
November 20, 2021, 12:29:13 PM
If you bought last March 2020 when price crash at $3k level its not really worrying but if you just recently bought at $60k+ and you are not ready for this drop then you might have a hear attack. Losing a thousand dollars in just a week is painful to new investors, am afraid if bitcoin could not break the $60k again and continue to drop below 55k then we might see a new support at 53k, but if we break the $60k then it will be very interesting in the next few days for bitcoin.
November 20, 2021, 10:04:56 AM
The recent decline in bitcoin prices is not a problem for miners because the current bitcoin price is indeed not stable so the process of decreasing and increasing bitcoin prices is common in the crypto world and I firmly believe this will only be temporary. and surely the price will stabilize in the long term
November 20, 2021, 08:17:10 AM
If they sell all their BTC just because of the correction of the past few weeks, I don't think this is a wise choice and it's self-defeating. Unless he has bought at the top price maybe he can minimize his losses by buying at the low price to average down. For those who have bought at 30K, I think this is still a normal price. Since the crash that occurred a few months ago, even now we are still getting profit because the price is still in the 50k USD resistance position.
November 20, 2021, 07:30:24 AM
Bitcoin did a 50% growth and went 7% downwards, oh my God!
I find it unlikely to drop below $50k, but obviously not impossible. This is a very important month and I'm feeling specially optimistic. I've been waiting for the November and December of 2021 long time now. If the market repeats the same behavior it had in 2017 and 2013, we may even touch the $200k.
This is what I call a perfect dip. (And the one at $29k)
I find it unlikely to drop below $50k, but obviously not impossible. This is a very important month and I'm feeling specially optimistic. I've been waiting for the November and December of 2021 long time now. If the market repeats the same behavior it had in 2017 and 2013, we may even touch the $200k.
This is what I call a perfect dip. (And the one at $29k)
There are many who were waiting for this dip to have there Christmas feast. Rather then worrying about this dip, we should worry about how much btc or alt coin we must accumulate. That's wt Buffet said, "buy when everyone fears to buy". I don't think it will fall too much, we may touch 50k or 55k not more then that.
November 20, 2021, 06:51:40 AM
Easier to say for the whales who are in it for the long term, but any body buying for the first time and price dips below the $60k which as long been difficult price barrier to break it can actually be worrisome tbh . But with scalpers this is nothing new as many would have sold at its all time high and bought again at its current dip making the double profit when price recovers and a more profitable strategy to undertake if you asked me . Btw this was unavoidable because momentum was not anchoring on any thing like some big news.
November 20, 2021, 06:07:07 AM
Only new buyers are getting worried when the price drop a little I think, an old timer in the game should already be used to seeing btc price volatility as part of the market growth,
Those who understand where this is going already took advantage of that drop to top up, btc has gained recognition a lot that little drops like this should not be a problem.
We must understand that the fall in the price of bitcoin in the middle of the fourth quarter puts an end to our desire to see a good rise in prices in this market before the end of this year. If we don't give a damn about it yet, then really, nothing is happening yet. We'll have to wait a few more months for the next wave of price growth to gather.Those who understand where this is going already took advantage of that drop to top up, btc has gained recognition a lot that little drops like this should not be a problem.
November 20, 2021, 03:56:46 AM
Only new buyers are getting worried when the price drop a little I think, an old timer in the game should already be used to seeing btc price volatility as part of the market growth,
Those who understand where this is going already took advantage of that drop to top up, btc has gained recognition a lot that little drops like this should not be a problem.
We must understand that the fall in the price of bitcoin in the middle of the fourth quarter puts an end to our desire to see a good rise in prices in this market before the end of this year. If we don't give a damn about it yet, then really, nothing is happening yet. We'll have to wait a few more months for the next wave of price growth to gather. Those who understand where this is going already took advantage of that drop to top up, btc has gained recognition a lot that little drops like this should not be a problem.
November 20, 2021, 12:08:52 AM
Quote
There is no need to fret about Bitcoin's recent drop below $60,000, according to Matt Maley, chief market strategist at Miller Tabak.
The market analyst recently told Yahoo Finance that the largest cryptocurrency could still fall "a lot" without enduring any real damage from a technical standpoint.
He estimates that Bitcoin would have to plunge below $50,000 to cause some serious damage. In such a case, the crypto king would break its trendline that goes back to the July lows:
"It can still come down quite a bit without having really major technical damage."
Last Wednesday, Bitcoin hit a new record high of $69,000, soaring into overbought territory.
Even some long-time bulls of the likes of Morgan Creek's Mark Yusko have been on pullback watch.
While Maley worries that a notable decrease in the supply of liquidity could lead to "some problems" for Bitcoin and Ether, he is still bullish in the long term.
He adds that there are plenty of equities that are "much more vulnerable" than Bitcoin.
Source: https://u.today/bitcoins-recent-drop-below-60k-is-not-worrisome-analyst-saysThe market analyst recently told Yahoo Finance that the largest cryptocurrency could still fall "a lot" without enduring any real damage from a technical standpoint.
He estimates that Bitcoin would have to plunge below $50,000 to cause some serious damage. In such a case, the crypto king would break its trendline that goes back to the July lows:
"It can still come down quite a bit without having really major technical damage."
Last Wednesday, Bitcoin hit a new record high of $69,000, soaring into overbought territory.
Even some long-time bulls of the likes of Morgan Creek's Mark Yusko have been on pullback watch.
While Maley worries that a notable decrease in the supply of liquidity could lead to "some problems" for Bitcoin and Ether, he is still bullish in the long term.
He adds that there are plenty of equities that are "much more vulnerable" than Bitcoin.
No worrisome for long-term investors even if the price drops below 50K. If you can be a long-term investor and you believe to see bitcoin price even above 500K, no worries if the price drops from 69K to 50K. Otherwise, even a one percent price fall can make you worry.
and besides this 2021 will make multiple increase before dumping in the following years , but if you managed to buy when the price is half cheaper then yes you may see the opportunity to sell out but depend on your motive of investment.
November 19, 2021, 10:25:27 PM
I find it unlikely to drop below $50k, but obviously not impossible. This is a very important month and I'm feeling specially optimistic. I've been waiting for the November and December of 2021 long time now. If the market repeats the same behavior it had in 2017 and 2013, we may even touch the $200k.
I am also optimistic that the price won't drop below $50k. The current drop is just a normal correction, so it will end soon and increase again to reach the next target (pass $70k level). November and December are special months in Bitcoin bullish histories, these are the time when Bitcoin soars drastically before the next bearish. However, there is no guarantee that the same history to repeat, there is always a chance for a different bullish scheme. Let's see how far the drop! Then, we can estimate the possibility of the next pump/dump in Bitcoin. DYOR/DWYORquite surprised that Bitcoin dropped below $60k, but I'm still optimistic that the price of Bitcoin will soon recover and can rise again to prices
above $60k. I agree that Bitcoin is not going to drop below $50k, moreover November and December do have a good history for Bitcoin.
Because usually near the end of the year Bitcoin pumps are often quite high, so I hope this year the same thing will happen. But because investing
in Bitcoin does have a very high risk, of course we have to prepare a backup plan in case Bitcoin moves not according to our expectations.
In conclusion, we really have to be careful when investing in Bitcoin, always do an analysis before making a decision.
Not only you who doubt Bitcoin and betray it, most people will do the same, who would have thought Bitcoin could be this big now. Even I believe
Satoshi Nakamoto was surprised by the achievements of Bitcoin, since the beginning Bitcoin was created only as a currency, but surprisingly Bitcoin
could be the best digital asset right now. I also do not deny if anyone equated Bitcoin with the internet in the 1990s, because many people did
not believe and ignored Bitcoin when it first appeared. Similar to the internet when it first appeared, many were pessimistic, but now it has become
a basic human need. We learn from our mistakes, never underestimate new technology, so if new technology emerges in the future, soon
we learn correctly and adopt it. Now it's actually not too late to invest in Bitcoin, because Bitcoin will go up in price much higher, so take advantage of
the current price drop to collect Bitcoins.
November 19, 2021, 03:22:02 PM
Any decrease will not be a problem if the targeted investment is a long-term investment.
The decline in prices is a good opportunity to add more assets. good capital management is needed to be able to buy at lower prices.
The strategy must really be carried out and the most important thing is a strong metal.
The decline in prices is a good opportunity to add more assets. good capital management is needed to be able to buy at lower prices.
The strategy must really be carried out and the most important thing is a strong metal.
Yes, Long term investment is always profitable, this little correction will give the market more strength to move forward. It is surely a buying opportunity for newcomers. I don't think I will ever get the chance to buy Bitcoin anytime below $50K, because maybe by the end of this year it will cross $90K and once it crosses $90K the chances of its price falling will be greatly reduced, so now is the right time to buy Bitcoin for long term investment.
November 19, 2021, 03:12:49 PM
Any decrease will not be a problem if the targeted investment is a long-term investment.
The decline in prices is a good opportunity to add more assets. good capital management is needed to be able to buy at lower prices.
The strategy must really be carried out and the most important thing is a strong metal.
The decline in prices is a good opportunity to add more assets. good capital management is needed to be able to buy at lower prices.
The strategy must really be carried out and the most important thing is a strong metal.
Yes, Long term investment is always profitable, this little correction will give the market more strength to move forward. It is surely a buying opportunity for newcomers. I don't think I will ever get the chance to buy Bitcoin anytime below $50K, because maybe by the end of this year it will cross $90K and once it crosses $90K the chances of its price falling will be greatly reduced, so now is the right time to buy Bitcoin for long term investment.
November 19, 2021, 03:05:20 PM
Any decrease will not be a problem if the targeted investment is a long-term investment.
The decline in prices is a good opportunity to add more assets. good capital management is needed to be able to buy at lower prices.
The strategy must really be carried out and the most important thing is a strong metal.
The decline in prices is a good opportunity to add more assets. good capital management is needed to be able to buy at lower prices.
The strategy must really be carried out and the most important thing is a strong metal.
November 19, 2021, 04:25:03 AM
I find it unlikely to drop below $50k, but obviously not impossible. This is a very important month and I'm feeling specially optimistic. I've been waiting for the November and December of 2021 long time now. If the market repeats the same behavior it had in 2017 and 2013, we may even touch the $200k.
I am also optimistic that the price won't drop below $50k. The current drop is just a normal correction, so it will end soon and increase again to reach the next target (pass $70k level). November and December are special months in Bitcoin bullish histories, these are the time when Bitcoin soars drastically before the next bearish. However, there is no guarantee that the same history to repeat, there is always a chance for a different bullish scheme. Let's see how far the drop! Then, we can estimate the possibility of the next pump/dump in Bitcoin. DYOR/DWYORPeople who are already experienced in the crypto world, consider it normal for Bitcoin to drop below $60k right now. Although I was actually
quite surprised that Bitcoin dropped below $60k, but I'm still optimistic that the price of Bitcoin will soon recover and can rise again to prices
above $60k. I agree that Bitcoin is not going to drop below $50k, moreover November and December do have a good history for Bitcoin.
Because usually near the end of the year Bitcoin pumps are often quite high, so I hope this year the same thing will happen. But because investing
in Bitcoin does have a very high risk, of course we have to prepare a backup plan in case Bitcoin moves not according to our expectations.
In conclusion, we really have to be careful when investing in Bitcoin, always do an analysis before making a decision.
In the past I betrayed bitcoin and it turned out to be my biggest mistake, I am confident that over time it will continue to give great satisfaction, you need to have patience and courage, bitcoin is a certainty, it is like the internet At the end of the 90s, few believed it and many have betrayed him, but in the end the internet has become the revolution of the world. Be patient.. dont panic
November 19, 2021, 04:08:45 AM
2021 is very different from its previous years because a lot of big institutions today have already backed bitcoin so we can say that the adoption rate this time is very strong and is not easy to break. Of course, bitcoin is still prone to show price decline whenever price correction enters the market but we can be more confident this time that bitcoin price won't really drop below $30k or even $20k because of the strong support it had.
Yes I agree with you 2021 is a really great year for bitcoin because this year bitcoin experienced a very significant price increase and made bitcoin managed to touch new ATH earlier this month at $68k and beat ATH in the previous month based on CMC data, so this shows us that currently bitcoin is the only cryptocurrency investment coin that is most sought after by the public.
November 18, 2021, 08:43:21 PM
I find it unlikely to drop below $50k, but obviously not impossible. This is a very important month and I'm feeling specially optimistic. I've been waiting for the November and December of 2021 long time now. If the market repeats the same behavior it had in 2017 and 2013, we may even touch the $200k.
I am also optimistic that the price won't drop below $50k. The current drop is just a normal correction, so it will end soon and increase again to reach the next target (pass $70k level). November and December are special months in Bitcoin bullish histories, these are the time when Bitcoin soars drastically before the next bearish. However, there is no guarantee that the same history to repeat, there is always a chance for a different bullish scheme. Let's see how far the drop! Then, we can estimate the possibility of the next pump/dump in Bitcoin. DYOR/DWYORPeople who are already experienced in the crypto world, consider it normal for Bitcoin to drop below $60k right now. Although I was actually
quite surprised that Bitcoin dropped below $60k, but I'm still optimistic that the price of Bitcoin will soon recover and can rise again to prices
above $60k. I agree that Bitcoin is not going to drop below $50k, moreover November and December do have a good history for Bitcoin.
Because usually near the end of the year Bitcoin pumps are often quite high, so I hope this year the same thing will happen. But because investing
in Bitcoin does have a very high risk, of course we have to prepare a backup plan in case Bitcoin moves not according to our expectations.
In conclusion, we really have to be careful when investing in Bitcoin, always do an analysis before making a decision.
November 18, 2021, 08:02:15 PM
People need to stop being so dramatic.
We had literally had almost two months of uninterrupted growth. The greed some people show just baffles me.
To be "worried" about this recent correction is laughable.
We had literally had almost two months of uninterrupted growth. The greed some people show just baffles me.
To be "worried" about this recent correction is laughable.
I think rather than seeing this as a negative outcome, take this as an opportunity to invest more and purchase for long term HODLing while the prices are below $60,000. People who negatively reacted to this kind of market definitely do not understand the market and price volatility of BTC.
I also agree with you- those two (2) months were seen as continuous development and price increase on BTC. Some of my friends were already speculating that its growth will further touch the $100,000 mark by the end of this year. Everyone should just let the market decide for the price and do long-term HODLing.
November 18, 2021, 06:35:05 PM
I find it unlikely to drop below $50k, but obviously not impossible. This is a very important month and I'm feeling specially optimistic. I've been waiting for the November and December of 2021 long time now. If the market repeats the same behavior it had in 2017 and 2013, we may even touch the $200k.
I am also optimistic that the price won't drop below $50k. The current drop is just a normal correction, so it will end soon and increase again to reach the next target (pass $70k level). November and December are special months in Bitcoin bullish histories, these are the time when Bitcoin soars drastically before the next bearish. However, there is no guarantee that the same history to repeat, there is always a chance for a different bullish scheme. Let's see how far the drop! Then, we can estimate the possibility of the next pump/dump in Bitcoin. DYOR/DWYOR
November 18, 2021, 06:24:25 PM
Was amazed today from a -Newbie- when I asked her what her heart is like now that Bitcoin has dropped she said she wants it to even drop the more she has some she want to purchase, that's how confident -Newbies- are getting right now with Bitcoin, my prediction at the end of this year 2021 is $41000 let's see how correct I can be, but I think Bitcoin would drop to that or close to that.
The negative issues that China has recently spread are natural for them to do, but they continue to have an impact on the market. Even though we all know, their government is also the holder of Bitcoin, they play the role of regulator to raise and lower the market price. Although this is not the only factor in the crash of the BTC price, we can use it as a reference for consideration of our choices.
https://www.google.com/amp/s/news.yahoo.com/amphtml/crypto-crackdown-china-put-bitcoin-072124409.html
They have many attempts made just to disrupt the growth of bitcoin and maybe this is just a simple manipulation tactics again so that they can buy at more cheaper price knowing that they are also competitive upon holding this so maybe we shouldn't easily get panic on certain circumstances since that's what they like us to feel so that we will sell our hold bitcoins. Maybe for now its better for majority to stop listening to China fuds or any obvious manipulation so that we will not influence newbie people to get afraid on them market corrections.
how many times have we seen this kind of price "crash" throughout the years? countless times. and yet, a lot of us are still affected by this market, maybe owed to investments that we are trying to protect. but more then likely, a lot are secretly buying their own stash as it is really good point before btc will rise again to more than 60k.
but in our situation today, it is quite different as there are so many entities involved already, even whole country like el salvador is already in this journey. so the likelihood that it will go up anytime soon is always there.
November 18, 2021, 06:07:11 PM
Was amazed today from a -Newbie- when I asked her what her heart is like now that Bitcoin has dropped she said she wants it to even drop the more she has some she want to purchase, that's how confident -Newbies- are getting right now with Bitcoin, my prediction at the end of this year 2021 is $41000 let's see how correct I can be, but I think Bitcoin would drop to that or close to that.
The negative issues that China has recently spread are natural for them to do, but they continue to have an impact on the market. Even though we all know, their government is also the holder of Bitcoin, they play the role of regulator to raise and lower the market price. Although this is not the only factor in the crash of the BTC price, we can use it as a reference for consideration of our choices.
https://www.google.com/amp/s/news.yahoo.com/amphtml/crypto-crackdown-china-put-bitcoin-072124409.html
They have many attempts made just to disrupt the growth of bitcoin and maybe this is just a simple manipulation tactics again so that they can buy at more cheaper price knowing that they are also competitive upon holding this so maybe we shouldn't easily get panic on certain circumstances since that's what they like us to feel so that we will sell our hold bitcoins. Maybe for now its better for majority to stop listening to China fuds or any obvious manipulation so that we will not influence newbie people to get afraid on them market corrections.
November 18, 2021, 05:47:46 PM
I'm the person not that easy to worry ! bitcoin need a correction to rise I see it from time to time even this is not a bearish ! some analysts predict it will even fall below 50K but in my opinion that price will not happen get to that point
Even myself considering to be like this and all of the years that ive been hangin around on this market then fundamentals could really make out some effect but it would be just temporal.Sentiments or words that came from other people specially known ones would might really be that important but hoesntly they arent really that
something special for you to spot on.
It would really be just still a simple speculation that had been made.
November 18, 2021, 05:17:01 PM
Was amazed today from a -Newbie- when I asked her what her heart is like now that Bitcoin has dropped she said she wants it to even drop the more she has some she want to purchase, that's how confident -Newbies- are getting right now with Bitcoin, my prediction at the end of this year 2021 is $41000 let's see how correct I can be, but I think Bitcoin would drop to that or close to that.
The negative issues that China has recently spread are natural for them to do, but they continue to have an impact on the market. Even though we all know, their government is also the holder of Bitcoin, they play the role of regulator to raise and lower the market price. Although this is not the only factor in the crash of the BTC price, we can use it as a reference for consideration of our choices.
https://www.google.com/amp/s/news.yahoo.com/amphtml/crypto-crackdown-china-put-bitcoin-072124409.html
November 18, 2021, 04:50:04 PM
Quote
There is no need to fret about Bitcoin's recent drop below $60,000, according to Matt Maley, chief market strategist at Miller Tabak.
The market analyst recently told Yahoo Finance that the largest cryptocurrency could still fall "a lot" without enduring any real damage from a technical standpoint.
He estimates that Bitcoin would have to plunge below $50,000 to cause some serious damage. In such a case, the crypto king would break its trendline that goes back to the July lows:
"It can still come down quite a bit without having really major technical damage."
Last Wednesday, Bitcoin hit a new record high of $69,000, soaring into overbought territory.
Even some long-time bulls of the likes of Morgan Creek's Mark Yusko have been on pullback watch.
While Maley worries that a notable decrease in the supply of liquidity could lead to "some problems" for Bitcoin and Ether, he is still bullish in the long term.
He adds that there are plenty of equities that are "much more vulnerable" than Bitcoin.
Source: https://u.today/bitcoins-recent-drop-below-60k-is-not-worrisome-analyst-saysThe market analyst recently told Yahoo Finance that the largest cryptocurrency could still fall "a lot" without enduring any real damage from a technical standpoint.
He estimates that Bitcoin would have to plunge below $50,000 to cause some serious damage. In such a case, the crypto king would break its trendline that goes back to the July lows:
"It can still come down quite a bit without having really major technical damage."
Last Wednesday, Bitcoin hit a new record high of $69,000, soaring into overbought territory.
Even some long-time bulls of the likes of Morgan Creek's Mark Yusko have been on pullback watch.
While Maley worries that a notable decrease in the supply of liquidity could lead to "some problems" for Bitcoin and Ether, he is still bullish in the long term.
He adds that there are plenty of equities that are "much more vulnerable" than Bitcoin.
No worrisome for long-term investors even if the price drops below 50K. If you can be a long-term investor and you believe to see bitcoin price even above 500K, no worries if the price drops from 69K to 50K. Otherwise, even a one percent price fall can make you worry.
November 18, 2021, 03:59:31 PM
No worrisome for long-term investors even if the price drops below 50K. If you can be a long-term investor and you believe to see bitcoin price even above 500K, no worries if the price drops from 69K to 50K. Otherwise, even a one percent price fall can make you worry.
There are quite a lot of "get rich quick" investors these days, and most, if not all of them hardly believe in the network, they just want to get in, make good ROI, and then walk out. More often than not, this are the kind of investors that worry a lot, especially when there is an inconsequential drop in price/plunge, I sometimes do not blame this type of investors cause they do not understand the network and how sustainable it is for the long term. Having said that, investors with adequate knowledge of the Bitcoin network would take most drop in price as only just a correction phase, and they even go as far as seeing it as an opportunity to accumulate more coins. November 18, 2021, 03:59:00 PM
I'm the person not that easy to worry ! bitcoin need a correction to rise I see it from time to time even this is not a bearish ! some analysts predict it will even fall below 50K but in my opinion that price will not happen get to that point
November 18, 2021, 03:27:26 PM
if these analysts say not to worry then people should start to worry because they never get the price forecasts right, besides, if someone buys at 60,000$ and then the price drops to 30,000$ then that person needs to worry unless that person buys back at $30,000 so that when the price goes back to $60,000 he makes a profit, then in this scenario he won't need to worry about falls
November 18, 2021, 03:12:55 PM
~
Well it has been around 60k+ for long and I am expecting it to just sometimes dip, and just do the usual correction. It is nothing to worry about, we have been from 32k-ish dip and this is not anything new for us for sure.Just keep hodling.
There are just those people that see if Bitcoin went ++ then say "oh okay", but then when it dips a little bit, they go "oh no bitcoin crash, we sell".
November 18, 2021, 02:57:19 PM
~
Well it has been around 60k+ for long and I am expecting it to just sometimes dip, and just do the usual correction. It is nothing to worry about, we have been from 32k-ish dip and this is not anything new for us for sure.Just keep hodling.
There are just those people that see if Bitcoin went ++ then say "oh okay", but then when it dips a little bit, they go "oh no bitcoin crash, we sell".
November 18, 2021, 02:50:33 PM
I don't know why people are expecting bitcoin to pump continuously and indefinitely. We have months of continuous rise and it's just normal for the price to come down when there aren't any buyers willing to buy at that price, and only the sellers are left in the market. This time, the selling pressure prevailed, hence why the price climbed back down to sub-$60k. Not really worried one bit about the price though, as I believe that whatever price range we are in, it is justified and we're still really in safe territories right now.
I think they are eager to see Bitcoin touch $100k that they tend to forget there are traders and not just investors who are always buying. It's safe if Bitcoin is like this way when there's no continuous straight line of pump since we know that people who are trading knows how to play this market.As you can see when Bitcoin suddenly dump from $66k down to $56k it is just slowly recovering up to $60k again. But now, it looks like a bear trap so it's understandable if we see some people starting to dump since they were just weak-handed people who can't manage to hodl for a period of time.
If they want to see the $100k this year they should know how to hodl and not just worried everything if there's a FUD or something since that's just how the market works.
November 18, 2021, 02:49:08 PM
No worrisome for long-term investors even if the price drops below 50K. If you can be a long-term investor and you believe to see bitcoin price even above 500K, no worries if the price drops from 69K to 50K. Otherwise, even a one percent price fall can make you worry.
In my opinion, very few investors are willing to take this risk. Some long term investors have been doing it since the beginning and they haven't even sold their bitcoin in the market until now because there is something they expect in the future from the bitcoin they have accumulated.I never dare to do it simply because I won't miss an opportunity to sell it at a high price although I will try to buy it again at a lower price to increase the amount of bitcoin I can buy. Logically, if I managed to sell my 1 bitcoin for $65K some time ago, then today I can buy more than 1 bitcoin for $65K. But if one is willing not to sell them regardless of price volatility just because they are a long term investor, then they can truly be said to be a gold hand investor.
November 18, 2021, 02:18:44 PM
Quote
There is no need to fret about Bitcoin's recent drop below $60,000, according to Matt Maley, chief market strategist at Miller Tabak.
The market analyst recently told Yahoo Finance that the largest cryptocurrency could still fall "a lot" without enduring any real damage from a technical standpoint.
He estimates that Bitcoin would have to plunge below $50,000 to cause some serious damage. In such a case, the crypto king would break its trendline that goes back to the July lows:
"It can still come down quite a bit without having really major technical damage."
Last Wednesday, Bitcoin hit a new record high of $69,000, soaring into overbought territory.
Even some long-time bulls of the likes of Morgan Creek's Mark Yusko have been on pullback watch.
While Maley worries that a notable decrease in the supply of liquidity could lead to "some problems" for Bitcoin and Ether, he is still bullish in the long term.
He adds that there are plenty of equities that are "much more vulnerable" than Bitcoin.
Source: https://u.today/bitcoins-recent-drop-below-60k-is-not-worrisome-analyst-saysThe market analyst recently told Yahoo Finance that the largest cryptocurrency could still fall "a lot" without enduring any real damage from a technical standpoint.
He estimates that Bitcoin would have to plunge below $50,000 to cause some serious damage. In such a case, the crypto king would break its trendline that goes back to the July lows:
"It can still come down quite a bit without having really major technical damage."
Last Wednesday, Bitcoin hit a new record high of $69,000, soaring into overbought territory.
Even some long-time bulls of the likes of Morgan Creek's Mark Yusko have been on pullback watch.
While Maley worries that a notable decrease in the supply of liquidity could lead to "some problems" for Bitcoin and Ether, he is still bullish in the long term.
He adds that there are plenty of equities that are "much more vulnerable" than Bitcoin.
No worrisome for long-term investors even if the price drops below 50K. If you can be a long-term investor and you believe to see bitcoin price even above 500K, no worries if the price drops from 69K to 50K. Otherwise, even a one percent price fall can make you worry.
Probably the most correct decision for those who have already bought BTC is not to worry and wait for the right price. The fact is that those people who invest in BTC for a long time do not particularly care about what is happening on the market and the price of BTC, since they know their goal for sure and go to it. Those who invest in the short term certainly always have a hand on the pulse, because they want to earn a lot right now, and such a drop in price forces many of them to sell ahead of time, which ultimately leads to a loss of funds. In any case, you need not to make hasty decisions and always clearly move towards your established goal.
November 18, 2021, 02:11:23 PM
I don't know why people are expecting bitcoin to pump continuously and indefinitely. We have months of continuous rise and it's just normal for the price to come down when there aren't any buyers willing to buy at that price, and only the sellers are left in the market. This time, the selling pressure prevailed, hence why the price climbed back down to sub-$60k. Not really worried one bit about the price though, as I believe that whatever price range we are in, it is justified and we're still really in safe territories right now.
November 18, 2021, 02:10:42 PM
The buying force keeps faltering which shows that the selling pressure has been increasing with time. When the selling pressure increases, it reflects on the price of bitcoin. By the time investors sell their assets to secure profit, and if that isn't possible atleast they'll try to limit the losses. This leads to the formation of temporary bearish trend.
November 18, 2021, 01:22:22 PM
I'm not at all worried about what's going on with bitcoin's current movement, because things like that happen a lot and I'm used to it, so just take it easy and don't worry and all I do is hold it in.
because I am a long term holder so if there is a correction and so on I do not feel worried because the bitcoin price will rise again and even exceed the previous high price, although I have to wait a long time but it is real and will happen the most important thing is to be patient.
That should be the attitude of a long term holder, to remain strong and patient all the time even when you see your investments are falling due to price decline. The fact that bitcoin will always recover from all forms of dumps, then we should not let ourselves be stressful because if that happens, we may resort into panic selling which is a very bad idea and should be avoided. The best thing to do right now is to stay focus on your goal and you can't achieve that if you stop holding your bitcoin and start selling it. because I am a long term holder so if there is a correction and so on I do not feel worried because the bitcoin price will rise again and even exceed the previous high price, although I have to wait a long time but it is real and will happen the most important thing is to be patient.
November 18, 2021, 11:50:31 AM
I'm not at all worried about what's going on with bitcoin's current movement, because things like that happen a lot and I'm used to it, so just take it easy and don't worry and all I do is hold it in.
because I am a long term holder so if there is a correction and so on I do not feel worried because the bitcoin price will rise again and even exceed the previous high price, although I have to wait a long time but it is real and will happen the most important thing is to be patient.
There are also quite a few components that follow the trend slowly and express optimism about the bad market but like the indicators showing, the fear level of many components is also increasing, even quite suddenly when many new people come in contact and have received such a first stun, they become conflicted and make war in many community groups with negative emotions. With no way to curb the emotions of these disruptors, their influence and fear of selling can further derail them in terms of bitcoin's value, hope that a good news or some kind of signal can save such souls because I am a long term holder so if there is a correction and so on I do not feel worried because the bitcoin price will rise again and even exceed the previous high price, although I have to wait a long time but it is real and will happen the most important thing is to be patient.
November 18, 2021, 11:20:47 AM
I'm not at all worried about what's going on with bitcoin's current movement, because things like that happen a lot and I'm used to it, so just take it easy and don't worry and all I do is hold it in.
because I am a long term holder so if there is a correction and so on I do not feel worried because the bitcoin price will rise again and even exceed the previous high price, although I have to wait a long time but it is real and will happen the most important thing is to be patient.
because I am a long term holder so if there is a correction and so on I do not feel worried because the bitcoin price will rise again and even exceed the previous high price, although I have to wait a long time but it is real and will happen the most important thing is to be patient.
November 18, 2021, 09:25:34 AM
for me it just a correction so no worried about that even some of traders in my country predict 4 years phase will happend in december this year which mean if they predict true then we can see new peak for bitcoin so no need to panic and hold your bitcoin because as many people says holders is the winner
November 18, 2021, 03:00:01 AM
No experienced Bitcoiner is worrying about the Bitcoin price.
Only the newbies are gonna worry about every 5-10% price drop.
A price correction after a new ATH was pretty much expected.There's no surprise and nothing shocking.
Many traders wanted to sell at ATH and take the profits.Now many traders are looking to buy the dip,so they are going to wait for a lower price to enter the market again.
I guess that the whole purpose of this analyst was to make the newbies feel better.
I kinda feel sorry for the noobs.Freaking out every time the price drops must be really tiresome.
Only the newbies are gonna worry about every 5-10% price drop.
A price correction after a new ATH was pretty much expected.There's no surprise and nothing shocking.
Many traders wanted to sell at ATH and take the profits.Now many traders are looking to buy the dip,so they are going to wait for a lower price to enter the market again.
I guess that the whole purpose of this analyst was to make the newbies feel better.
I kinda feel sorry for the noobs.Freaking out every time the price drops must be really tiresome.
All of us who have been in the crypto world for a long time will not panic about the current Bitcoin price drop. Like you said a 5%-10% price drop is
nothing to worry about, because Bitcoin does often experience corrections before the price goes higher. Only newbies who don't have experience
will panic when they see the current market, therefore for newbies it is advisable to study Bitcoin first before deciding to invest in Bitcoin. In order
to understand how Bitcoin works, so it's not easy to panic if they see Bitcoin prices go down. I believe the Bitcoin price drop will not last long,
because some investors and traders who are already taking profit will start slowly buying Bitcoin again. It is also possible that next week Bitcoin
will start bullish again and could soon return to prices above $63k again.
November 18, 2021, 02:17:35 AM
I am not worried. This was always due to happen after rising so many weeks and months,,, even this is not as bad as september and see what happened in the following month right?
The only thing that worries me honestly is people and experts saying not to be worried. You know,,, they love saying everything except what they really are doing
The only thing that worries me honestly is people and experts saying not to be worried. You know,,, they love saying everything except what they really are doing
November 18, 2021, 01:56:23 AM
No experienced Bitcoiner is worrying about the Bitcoin price.
Only the newbies are gonna worry about every 5-10% price drop.
A price correction after a new ATH was pretty much expected.There's no surprise and nothing shocking.
Many traders wanted to sell at ATH and take the profits.Now many traders are looking to buy the dip,so they are going to wait for a lower price to enter the market again.
I guess that the whole purpose of this analyst was to make the newbies feel better.
I kinda feel sorry for the noobs.Freaking out every time the price drops must be really tiresome.
Only the newbies are gonna worry about every 5-10% price drop.
A price correction after a new ATH was pretty much expected.There's no surprise and nothing shocking.
Many traders wanted to sell at ATH and take the profits.Now many traders are looking to buy the dip,so they are going to wait for a lower price to enter the market again.
I guess that the whole purpose of this analyst was to make the newbies feel better.
I kinda feel sorry for the noobs.Freaking out every time the price drops must be really tiresome.
November 18, 2021, 01:45:53 AM
Well, I also believe that there is no need to worry. In 2017 in mid-November we had a 40% drop just before the price went parabolic. What happens is that there are many people who get nervous at the slightest drop, but if we put things in perspective:
Lol.
Bitcoin did a 50% growth and went 7% downwards, oh my God!
Lol.
November 18, 2021, 01:30:48 AM
Day trader will definitely sell their assets for this It's normal to be dump a little bit.
Actual bitcoin holders Won't sell their btc no matter what.
There will be a day when every singel person will own atleast a penny of bitcoin. Can you imagine if everyone are trying to own btc as a valuable assets like gold. Although btc volume is limited as gold, we don’t know how much the gold volume will but we know that there's a limited volume for BTC.
So It can be said that btc Won't drop a larger volume, if it happens it Won't forever It's temporary.
Panicked seller always loose😇
Happy Trading😇
Actual bitcoin holders Won't sell their btc no matter what.
There will be a day when every singel person will own atleast a penny of bitcoin. Can you imagine if everyone are trying to own btc as a valuable assets like gold. Although btc volume is limited as gold, we don’t know how much the gold volume will but we know that there's a limited volume for BTC.
So It can be said that btc Won't drop a larger volume, if it happens it Won't forever It's temporary.
Panicked seller always loose😇
Happy Trading😇
November 18, 2021, 12:39:19 AM
We also know the same and it's not the first time that btc is going down falling from the high levels because many times we have seen in the past also that it has shown similar trends and that's what highly volatile market means.We have also seen $29k this year dips but still we are at $59k at which we are panicking so don't need to worry about it as we can easily sail this one also and the next ATH island is waiting for us to join the party.The experts and btc optimist are of same thoughts.
November 18, 2021, 12:23:16 AM
Quote
There is no need to fret about Bitcoin's recent drop below $60,000, according to Matt Maley, chief market strategist at Miller Tabak.
The market analyst recently told Yahoo Finance that the largest cryptocurrency could still fall "a lot" without enduring any real damage from a technical standpoint.
He estimates that Bitcoin would have to plunge below $50,000 to cause some serious damage. In such a case, the crypto king would break its trendline that goes back to the July lows:
"It can still come down quite a bit without having really major technical damage."
Last Wednesday, Bitcoin hit a new record high of $69,000, soaring into overbought territory.
Even some long-time bulls of the likes of Morgan Creek's Mark Yusko have been on pullback watch.
While Maley worries that a notable decrease in the supply of liquidity could lead to "some problems" for Bitcoin and Ether, he is still bullish in the long term.
He adds that there are plenty of equities that are "much more vulnerable" than Bitcoin.
Source: https://u.today/bitcoins-recent-drop-below-60k-is-not-worrisome-analyst-saysThe market analyst recently told Yahoo Finance that the largest cryptocurrency could still fall "a lot" without enduring any real damage from a technical standpoint.
He estimates that Bitcoin would have to plunge below $50,000 to cause some serious damage. In such a case, the crypto king would break its trendline that goes back to the July lows:
"It can still come down quite a bit without having really major technical damage."
Last Wednesday, Bitcoin hit a new record high of $69,000, soaring into overbought territory.
Even some long-time bulls of the likes of Morgan Creek's Mark Yusko have been on pullback watch.
While Maley worries that a notable decrease in the supply of liquidity could lead to "some problems" for Bitcoin and Ether, he is still bullish in the long term.
He adds that there are plenty of equities that are "much more vulnerable" than Bitcoin.
No worrisome for long-term investors even if the price drops below 50K. If you can be a long-term investor and you believe to see bitcoin price even above 500K, no worries if the price drops from 69K to 50K. Otherwise, even a one percent price fall can make you worry.
The drops don't worry me at all. By now there are so many financial interests and players involved with Bitcoin that you can almost be 100% certain this thing isn't going to go for a full nose dive. There is just too much financial interest behind Bitcoin. Taking into account its scarcity and also its level of overall global establishment, I am a firm believer that it will go up further long-term. Sometimes I do ask myself where the limit could be, but I couldn't yet come up with a plausible answer. People are throwing around numbers, but none of those numbers really fundamentally convinced me.
November 17, 2021, 11:27:26 PM
I don't think it's worrying either. What would be worrying is if we went straight up with no corrections. Then all the gains would be off the back of leverage and the entire thing could crumble at any moment. I'm sure we'll hit this point, but I'd like to see it happen with a massive bubble, not a little blip. That's why analysts say we're on firmer footing than we were the first time it hit $60K. This time those positions have been tested a few times and withstood the leverage calls. The more we see drops followed by new highs, the better.
November 17, 2021, 11:25:26 PM
I don't expect the bitcoin price to drop to 50,000$ There is a strong resistance at 54,000$ If it really happened this would be very concerning because it could be a sign of entry into the bear market, I think one of the reasons for the bitcoin price drop at the moment is the Mtgox issue, The news says that the case has been finalized and that 140k bitcoins will be sold and cash will be paid to those affected by hacking the Mtgox exchange, and the entry of this huge number of bitcoins will flood the market and may cause a major disruption. This is all news to put pressure on the market and just guesswork and no one knows what exactly could happen.
November 17, 2021, 11:20:04 PM
And it isn't that odd. Honestly, I don't even see the reason as to why it should be worrisome, and heck it's actually an opportunity to buy the dip no? Honestly, we've had a pretty solid run ever since the last ath imo, the market has pretty much consolidated itself over the current price and the market honestly oozes optimistic vibes over the end of the year. The market has pretty much consolidated it's current market position, there's still a chance of going below $50k but honestly, the chances are low. And even if it did, I'd expect a quick bounce back.
November 17, 2021, 11:01:00 PM
And instead, why not take this perfect opportunity to buy the dip?
I guess crypto media hasn't found any good subject to write lately, so they make this kind of drop dramatic for everyone and then tell us not to worry, Lol.
Those that worry on this kind of drop are those noobs who buy at the top because they thought that this is a get quick rich scheme. Just another correction, after reaching a new all time high, that's it.
If people use this time to buy the dip, they will be happy later, especially if the price increase more than $70k and hits more than $100k in the future. They will feel that what they buy right now will give something big to them and their bitcoin investment will be worth doing while the market is in the downtrend. The media is smart to blow up the public and say that bitcoin will not survive, but bitcoin will rise again at the right time. People must not worry about this instead of buy more if they have more money.I guess crypto media hasn't found any good subject to write lately, so they make this kind of drop dramatic for everyone and then tell us not to worry, Lol.
Those that worry on this kind of drop are those noobs who buy at the top because they thought that this is a get quick rich scheme. Just another correction, after reaching a new all time high, that's it.
Or they could wait for the price to dip at $50K, a higher return if they will wait but this is if the dip will drop the price to $50K. I actually think it will just be on $53K since this is where the support level is. It will bounce higher after that and will probably reach up to $75K.
The media has been that way even before Bitcoin goes more than $5K and they still want to bury Bitcoin as it died a hundred times. The more fud the better the price will be when BTC spikes again.
November 17, 2021, 10:30:17 PM
And instead, why not take this perfect opportunity to buy the dip?
I guess crypto media hasn't found any good subject to write lately, so they make this kind of drop dramatic for everyone and then tell us not to worry, Lol.
Those that worry on this kind of drop are those noobs who buy at the top because they thought that this is a get quick rich scheme. Just another correction, after reaching a new all time high, that's it.
If people use this time to buy the dip, they will be happy later, especially if the price increase more than $70k and hits more than $100k in the future. They will feel that what they buy right now will give something big to them and their bitcoin investment will be worth doing while the market is in the downtrend. The media is smart to blow up the public and say that bitcoin will not survive, but bitcoin will rise again at the right time. People must not worry about this instead of buy more if they have more money. I guess crypto media hasn't found any good subject to write lately, so they make this kind of drop dramatic for everyone and then tell us not to worry, Lol.
Those that worry on this kind of drop are those noobs who buy at the top because they thought that this is a get quick rich scheme. Just another correction, after reaching a new all time high, that's it.
November 17, 2021, 10:03:30 PM
For a beginner who hasn't seen much of Bitcoin's worse price fluctuations yet, this might look worrisome. Imagine having $69,000 and then after just a few days the price suddenly went down to $58,000. That looks really terrible to the untrained eyes. Bitcoin losing more than $10,000 in just 2-3 days is really traumatic to the newcomers. It might, or perhaps had, even cause some panic selling.
But to someone who has seen Bitcoin's worst, who has already began to enjoy its volatility and rough ride, this is nothing but another ordinary day.
But to someone who has seen Bitcoin's worst, who has already began to enjoy its volatility and rough ride, this is nothing but another ordinary day.
November 17, 2021, 09:32:42 PM
Bitcoin did a 50% growth and went 7% downwards, oh my God!
I find it unlikely to drop below $50k, but obviously not impossible. This is a very important month and I'm feeling specially optimistic. I've been waiting for the November and December of 2021 long time now. If the market repeats the same behavior it had in 2017 and 2013, we may even touch the $200k.
This is what I call a perfect dip. (And the one at $29k)
At the same time, the periodic drop in the price of bitcoin puts an end to our desire to see a bull market later this year. In fact, we have not yet seen a bull market, with the exception of a few waves of growth. And this is no longer so good that one does not directly pay attention to it. We expected a significant rise in prices over the past six months. But the hope for such growth is dropping.I find it unlikely to drop below $50k, but obviously not impossible. This is a very important month and I'm feeling specially optimistic. I've been waiting for the November and December of 2021 long time now. If the market repeats the same behavior it had in 2017 and 2013, we may even touch the $200k.
This is what I call a perfect dip. (And the one at $29k)
It is still quite difficult to say what will happen to prices in the near future.
November 17, 2021, 09:11:26 PM
And instead, why not take this perfect opportunity to buy the dip?
I guess crypto media hasn't found any good subject to write lately, so they make this kind of drop dramatic for everyone and then tell us not to worry, Lol.
Those that worry on this kind of drop are those noobs who buy at the top because they thought that this is a get quick rich scheme. Just another correction, after reaching a new all time high, that's it.
I guess crypto media hasn't found any good subject to write lately, so they make this kind of drop dramatic for everyone and then tell us not to worry, Lol.
Those that worry on this kind of drop are those noobs who buy at the top because they thought that this is a get quick rich scheme. Just another correction, after reaching a new all time high, that's it.
November 17, 2021, 06:36:41 PM
I have been saying it since a long time, Even if bitcoin drops below 10k usd it will recover back in a year easily but looking at the market now it's rare if bitcoin drop below 30k.
Bitcoin's popularity is only going to rise and children in schools, universities will know about it and will be curious to pay in bitcoin thus raising the bitcoin's users and market cap, thus higher price.
The real-time usage of bitcoin in daily life have been increasing with time. We don't know how far this happens with the third world countries, but grown country people are much aware and are getting used to it. As said the future generation will know much about cryptocurrencies and they'll intend to spend. This keeps the market high through regular usage.Bitcoin's popularity is only going to rise and children in schools, universities will know about it and will be curious to pay in bitcoin thus raising the bitcoin's users and market cap, thus higher price.
You will never expect that third world countries are already into crypto and more open to crypto business than others. So yeah, crypto adoption is growing so if you are a long time investor, there's no need to worry. Some are panicking because some of them have short term targets and if it goes down below their buying price, they feel they are screwed. It may be going down today, but very soon, I believe it will go up again. So for those believers and have funds to spend, it is good time to accumulate more.
November 17, 2021, 06:30:27 PM
I have been saying it since a long time, Even if bitcoin drops below 10k usd it will recover back in a year easily but looking at the market now it's rare if bitcoin drop below 30k.
Bitcoin's popularity is only going to rise and children in schools, universities will know about it and will be curious to pay in bitcoin thus raising the bitcoin's users and market cap, thus higher price.
The real-time usage of bitcoin in daily life have been increasing with time. We don't know how far this happens with the third world countries, but grown country people are much aware and are getting used to it. As said the future generation will know much about cryptocurrencies and they'll intend to spend. This keeps the market high through regular usage.Bitcoin's popularity is only going to rise and children in schools, universities will know about it and will be curious to pay in bitcoin thus raising the bitcoin's users and market cap, thus higher price.
If you see the market like an investor, you'll always take it positively but, with a hawk eye and doing X-Ray kinda brief analysis, you'll see the real picture. I'm very happy with the recent dump because it helped so many investors to jump on BTC without the fear of buying at the top. Though, as there are news about date for MT Gox funds release also getting nearer day by day, fear is taking over. Stay calm till that date and buy everything you can after DYOR so not to leave any opportunity.
November 17, 2021, 06:17:03 PM
I have been saying it since a long time, Even if bitcoin drops below 10k usd it will recover back in a year easily but looking at the market now it's rare if bitcoin drop below 30k.
Bitcoin's popularity is only going to rise and children in schools, universities will know about it and will be curious to pay in bitcoin thus raising the bitcoin's users and market cap, thus higher price.
The real-time usage of bitcoin in daily life have been increasing with time. We don't know how far this happens with the third world countries, but grown country people are much aware and are getting used to it. As said the future generation will know much about cryptocurrencies and they'll intend to spend. This keeps the market high through regular usage. Bitcoin's popularity is only going to rise and children in schools, universities will know about it and will be curious to pay in bitcoin thus raising the bitcoin's users and market cap, thus higher price.
November 17, 2021, 05:26:59 PM
In fact, it was just a small correction, we've been in almost 50% market price deduction before. Those who trust that Bitcoin will be long-term, this can't be worrisome but those doubtful individuals will possibly think negatively and start to put a sell option.
Dumps, market correction...everything will happen in crypto. Volatility hasn't to deal hard because whether we like it or not, it surely comes and we have to adopt such changes or else, this becomes a reason on your losses.
Dumps, market correction...everything will happen in crypto. Volatility hasn't to deal hard because whether we like it or not, it surely comes and we have to adopt such changes or else, this becomes a reason on your losses.
November 17, 2021, 04:28:38 PM
Everyone of us know that BTC cannot be surging higher without some dips. It is the nature of the market, but when it happens we will complain much.
Talking about how dip bitcoin will go, it can go as deep as you can imagine and can also go as high as you imagine. It is all in our hands, the news drives our emotions, our emotions drives the market.
But one thing is for sure, no matter how dip it goes, it will surely recover and no matter how high it goes it must surely dip.
Its the best thing about bitcoin, it will always recover from any dip prices as long as its own demand never stops from growing. And in fact, a lot of investors are even wishing for bitcoin to drop its price drastically so they can buy more bitcoins and use it for their retirement purposes. Despite of the huge demand for bitcoin now, there are always possibilities that it will drop its price into its dip so always be ready for it. As long you always see opportunities in every dip, then you will not worry even if it always happens. Because at the end of the day, we know for sure that bitcoin price will not settle for anything less, but more on its ATH. Talking about how dip bitcoin will go, it can go as deep as you can imagine and can also go as high as you imagine. It is all in our hands, the news drives our emotions, our emotions drives the market.
But one thing is for sure, no matter how dip it goes, it will surely recover and no matter how high it goes it must surely dip.
November 17, 2021, 04:26:49 PM
I have been saying it since a long time, Even if bitcoin drops below 10k usd it will recover back in a year easily but looking at the market now it's rare if bitcoin drop below 30k.
Bitcoin's popularity is only going to rise and children in schools, universities will know about it and will be curious to pay in bitcoin thus raising the bitcoin's users and market cap, thus higher price.
We do have strong supports imho and this is something that wont really be that possible on these years considering the level of adoption and recognitionBitcoin's popularity is only going to rise and children in schools, universities will know about it and will be curious to pay in bitcoin thus raising the bitcoin's users and market cap, thus higher price.
then its really hard to believe on that we would able to have some glimpse back into those digits.
Yes, we had able to dropped down as low as 28k as far as i remember but doesnt mean that we wouldnt really have any recovery.
if thats the case then you should really be seeing this as an opportunity to buyback rather than on making yourself freaking out.
November 17, 2021, 04:13:00 PM
Everyone of us know that BTC cannot be surging higher without some dips. It is the nature of the market, but when it happens we will complain much.
Talking about how dip bitcoin will go, it can go as deep as you can imagine and can also go as high as you imagine. It is all in our hands, the news drives our emotions, our emotions drives the market.
But one thing is for sure, no matter how dip it goes, it will surely recover and no matter how high it goes it must surely dip.
Talking about how dip bitcoin will go, it can go as deep as you can imagine and can also go as high as you imagine. It is all in our hands, the news drives our emotions, our emotions drives the market.
But one thing is for sure, no matter how dip it goes, it will surely recover and no matter how high it goes it must surely dip.
November 17, 2021, 04:02:27 PM
I have been saying it since a long time, Even if bitcoin drops below 10k usd it will recover back in a year easily but looking at the market now it's rare if bitcoin drop below 30k.
Bitcoin's popularity is only going to rise and children in schools, universities will know about it and will be curious to pay in bitcoin thus raising the bitcoin's users and market cap, thus higher price.
2021 is very different from its previous years because a lot of big institutions today have already backed bitcoin so we can say that the adoption rate this time is very strong and is not easy to break. Of course, bitcoin is still prone to show price decline whenever price correction enters the market but we can be more confident this time that bitcoin price won't really drop below $30k or even $20k because of the strong support it had.Bitcoin's popularity is only going to rise and children in schools, universities will know about it and will be curious to pay in bitcoin thus raising the bitcoin's users and market cap, thus higher price.
However, regarding of the recent drop, its a good thing either because it has opened another opportunity for those newly investors who want to buy bitcoin from its lower price. Now, the market is starting to recover again so hopefully, this will be the start for bitcoin and most of the altcoins to start showing huge price increase in the market.
November 17, 2021, 03:54:46 PM
Not to worry at all. I've been holding since $3k and this is still $58k-$59k and recovers to $60k, so what's the point of worry? I get and understand those that have bought at the top as they worry. But if you've been through those tough days and more than bloody as it was before, you need not to worry about this correction. Just as how we got to the peak and new ATH, this could be the other reason why we should expect another ATH before this year ends.
November 17, 2021, 03:05:48 PM
I have been saying it since a long time, Even if bitcoin drops below 10k usd it will recover back in a year easily but looking at the market now it's rare if bitcoin drop below 30k.
Bitcoin's popularity is only going to rise and children in schools, universities will know about it and will be curious to pay in bitcoin thus raising the bitcoin's users and market cap, thus higher price.
Bitcoin's popularity is only going to rise and children in schools, universities will know about it and will be curious to pay in bitcoin thus raising the bitcoin's users and market cap, thus higher price.
November 17, 2021, 02:46:06 PM
Bitcoin did a 50% growth and went 7% downwards, oh my God!
I find it unlikely to drop below $50k, but obviously not impossible. This is a very important month and I'm feeling specially optimistic. I've been waiting for the November and December of 2021 long time now. If the market repeats the same behavior it had in 2017 and 2013, we may even touch the $200k.
This is what I call a perfect dip. (And the one at $29k)
I find it unlikely to drop below $50k, but obviously not impossible. This is a very important month and I'm feeling specially optimistic. I've been waiting for the November and December of 2021 long time now. If the market repeats the same behavior it had in 2017 and 2013, we may even touch the $200k.
This is what I call a perfect dip. (And the one at $29k)
November 17, 2021, 02:38:51 PM
People need to stop being so dramatic.
We had literally had almost two months of uninterrupted growth. The greed some people show just baffles me.
To be "worried" about this recent correction is laughable.
We had literally had almost two months of uninterrupted growth. The greed some people show just baffles me.
To be "worried" about this recent correction is laughable.
November 17, 2021, 01:47:29 PM
Quote
There is no need to fret about Bitcoin's recent drop below $60,000, according to Matt Maley, chief market strategist at Miller Tabak.
The market analyst recently told Yahoo Finance that the largest cryptocurrency could still fall "a lot" without enduring any real damage from a technical standpoint.
He estimates that Bitcoin would have to plunge below $50,000 to cause some serious damage. In such a case, the crypto king would break its trendline that goes back to the July lows:
"It can still come down quite a bit without having really major technical damage."
Last Wednesday, Bitcoin hit a new record high of $69,000, soaring into overbought territory.
Even some long-time bulls of the likes of Morgan Creek's Mark Yusko have been on pullback watch.
While Maley worries that a notable decrease in the supply of liquidity could lead to "some problems" for Bitcoin and Ether, he is still bullish in the long term.
He adds that there are plenty of equities that are "much more vulnerable" than Bitcoin.
Source: https://u.today/bitcoins-recent-drop-below-60k-is-not-worrisome-analyst-saysThe market analyst recently told Yahoo Finance that the largest cryptocurrency could still fall "a lot" without enduring any real damage from a technical standpoint.
He estimates that Bitcoin would have to plunge below $50,000 to cause some serious damage. In such a case, the crypto king would break its trendline that goes back to the July lows:
"It can still come down quite a bit without having really major technical damage."
Last Wednesday, Bitcoin hit a new record high of $69,000, soaring into overbought territory.
Even some long-time bulls of the likes of Morgan Creek's Mark Yusko have been on pullback watch.
While Maley worries that a notable decrease in the supply of liquidity could lead to "some problems" for Bitcoin and Ether, he is still bullish in the long term.
He adds that there are plenty of equities that are "much more vulnerable" than Bitcoin.
No worrisome for long-term investors even if the price drops below 50K. If you can be a long-term investor and you believe to see bitcoin price even above 500K, no worries if the price drops from 69K to 50K. Otherwise, even a one percent price fall can make you worry.
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