BTC has fallen below 30,000. Is there still room for appreciation in the future

justdimin

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Quote from: traderethereum on July 24, 2021, 07:18:09 AM

hopefully, if the correction is coming, it will not go down deeper because that will make the bitcoin price hard to increase.
We can prepare ourselves for the next increases Grin

I feel like the drop is not coming anytime soon, it will happen for sure but I think whatever you are thinking about crypto will happen but much slower than you expect. People keep thinking that bitcoin is volatile and they are mostly right, bitcoin is quite volatile when it wants to but these days I do not see those kinds of big moves at all, I keep seeing it slower and slower and I believe same will happen with this as well.

I think we are going to see bitcoin end up breaking 45k in 10 days or so and we are going to see $60k+under 35k again in a month. Why do I think everything will be that much slower again? Because I believe there is a lack of volume and when the volume is low that means there are not that many traders around and when traders are not around the movements are not as volatile as people imagine it will be.

Orange89

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Quote from: Jet Cash on July 20, 2021, 02:40:40 PM

Looks as if it is time to start buying again.

Yes i think it is the correct time to say Market is almost stable it is around 38000$ presently but also now there are more chance to pump btc is now accepted in many country like El Salvador's doing a lot of promotion for btc for their citizens i think with time everyone is accepting btc which make the btc one of the best assest for the Future

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Quote from: hatshepsut93 on July 24, 2021, 08:19:35 AM

Only price ranges close to ATH could be considered as a true bullish signal.

Sorry such expectation may be a far imagination of the reality. That area of bullish to ATH could be the time near the next halving or after the halving just as we saw the last halving taken bitcoin to $64k. Halving or Elon musk positive tweet are the few factors that can rise price to that level. This is a personal opinion or believe though.

hatshepsut93

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Quote from: Joca97 on July 24, 2021, 05:52:57 AM

Another green day for bitcoin with now reaching 33,800$ and keeps going up. I hope it will continue to recover and go over 40k until the end of the month. I dont see it going under 30k at this stage.It has already dropped from 65k to 30k i think this is where the drop stops.Bitcoin got stable for 1 month on around 30k i think we can expect a pump now from bitcoin.

Stability doesn't mean that you can expect a pump. It can just as easily mean that the price will fall further, because if in that period the price failed to recover, some traders will view it as lack support and decide to sell before it drops further.

IMO even $40k won't be enough to declare the return of bullish market, $40k could easily be a bulltrap. Only price ranges close to ATH could be considered as a true bullish signal.

traderethereum

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Quote from: qq719832 on July 20, 2021, 01:35:39 PM

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

As you can see now, bitcoin price is rebound and hit $33,917, according to CoinGecko.
So if this can increase more, we will see the price will have a big chance to break $34k soon.
But I guess before the price will break $34k, the price will make another correction as the price seems to want to go down for a while.
And hopefully, if the correction is coming, it will not go down deeper because that will make the bitcoin price hard to increase.
We can prepare ourselves for the next increases Grin

Joca97

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Another green day for bitcoin with now reaching 33,800$ and keeps going up. I hope it will continue to recover and go over 40k until the end of the month. I dont see it going under 30k at this stage.It has already dropped from 65k to 30k i think this is where the drop stops.Bitcoin got stable for 1 month on around 30k i think we can expect a pump now from bitcoin.

Jating

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Quote from: maxreish on July 22, 2021, 05:39:12 PM

Quote from: qq719832 on July 20, 2021, 01:35:39 PM

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

Haven't you seen the dip last time? When it went down to $3k and yet we still hold and goes up till we reached the new ATH at 60k. Most probably, bearish market wont lasts. There are still whales that can pull up the price again up to 30k to 40k. TESLA can go on with their own life, it was just a vague that they change statements regarding bitcoin's support and adoption thus affecting crypto market.

Of course, that is prior to the halving and we have the corona pandemic scare, that's why the price seems to really falter to the lows of $3k, but when the halving happens, which is usually the precursor of a massive bull run the price goes to $64k. And then the the drops and more than - 50%. That is crypto for us, one day it's up and we think its going to be parabolic and then suddenly we went on a bearish trend. And then Tesla and Elon come into the picture changing the whole aspect of the game. But let me say that we this bull run is not yet over, we might see new all time high this year.

maxreish

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Quote from: qq719832 on July 20, 2021, 01:35:39 PM

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

Haven't you seen the dip last time? When it went down to $3k and yet we still hold and goes up till we reached the new ATH at 60k. Most probably, bearish market wont lasts. There are still whales that can pull up the price again up to 30k to 40k. TESLA can go on with their own life, it was just a vague that they change statements regarding bitcoin's support and adoption thus affecting crypto market.

Shasha80

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Quote from: tippytoes on July 22, 2021, 04:58:05 PM

Quote from: ?? on ??

It has recovered and even reached a level above $32k. But I don't know the reason. Maybe it's just related to the volatility. Anyway, I hope that we could see a good rally and the price reaches $40k. It'd be great for Bitcoin to gather itself up.

The sentiments are saying about the positive impact of the recently held B Word Conference. Even ether enjoyed a lil bit on this as he mentioned, he also owned ether aside from bitcoin and doge coin.

https://www.coindesk.com/elon-musk-says-spacex-holds-bitcoin-at-b-word-conference

Though only small jump but let's be grateful that we are seeing green again and we are more than 30k. Hoping to see more positive news in the coming days.

Whatever the reason for the small increase that occurred in Bitcoin right now, we should be grateful, even though there is no guarantee that the price
will go up even higher. At least this increase gives some fresh air to those of us who a few days earlier were worried about the decline in Bitcoin
prices below $30k. Indeed Bitcoin needs more positive news to be able to push the Bitcoin price to go higher, hopefully in the near future there will be
more positive news related to Bitcoin. I believe in the future of Bitcoin, so for now we really have to be patient and continue collecting Bitcoin.

Oilacris

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Quote from: Boov on July 22, 2021, 04:52:13 PM

Quote from: qq719832 on July 20, 2021, 01:35:39 PM

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

Btc started to fall down recently, the situation remains unpredictable as of the moment and I observed that the market seems to be green lately after those attempt shocked many traders. Bear market was showing its aggressiveness, but the resistance was strong enough to pull back btc upward. The rebound hasn't yet commence, and we're still waiting for another opportunity that it begin to exist within this year.

Having the same thoughts too and impression when bitcoin did break that 30k support and do really believe that we are already on the bear market but as expected then bitcoin did really go on the other way
around but instead it did really make out some recovery.

Expect the unexpected as it should be because if you have some experience on this market then you couldnt really tell on where it would be heading next.

This do boggles out my mind too yet it had messed up entirely my technical analysis.

tippytoes

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Quote from: ?? on ??

It has recovered and even reached a level above $32k. But I don't know the reason. Maybe it's just related to the volatility. Anyway, I hope that we could see a good rally and the price reaches $40k. It'd be great for Bitcoin to gather itself up.

The sentiments are saying about the positive impact of the recently held B Word Conference. Even ether enjoyed a lil bit on this as he mentioned, he also owned ether aside from bitcoin and doge coin.

https://www.coindesk.com/elon-musk-says-spacex-holds-bitcoin-at-b-word-conference

Though only small jump but let's be grateful that we are seeing green again and we are more than 30k. Hoping to see more positive news in the coming days.

Boov

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Quote from: qq719832 on July 20, 2021, 01:35:39 PM

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

Btc started to fall down recently, the situation remains unpredictable as of the moment and I observed that the market seems to be green lately after those attempt shocked many traders. Bear market was showing its aggressiveness, but the resistance was strong enough to pull back btc upward. The rebound hasn't yet commence, and we're still waiting for another opportunity that it begin to exist within this year.

uneng

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Quote from: rahmatrf331 on July 22, 2021, 12:02:33 PM

Quote from: uneng on July 22, 2021, 11:14:05 AM

Quote from: Baofeng on July 22, 2021, 07:24:34 AM

Quote from: rahmatrf331 on July 22, 2021, 12:59:23 AM

Quote from: marine4u on July 22, 2021, 12:42:06 AM

Quote from: qq719832 on July 20, 2021, 01:35:39 PM

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

Elon isn't exactly creating a rift for bitcoin and this space. But it seems that he is also one of those who are also optimistic and pro-bitcoin, things should be viewed fairly and consistently. I don't think Elon is playing with the world, he's not stupid. The drop from 65k could be a cycle with many other problems, same reason. And now, they just see him as a simple "Tesla doesn't accept bitcoin" decision, which really isn't. I guess, I'm not defending him, but Elon market dynamics play an important role. Certainly the outcome of the meeting that we know roughly.
I believe that Elon saying that he is looking at sustainability and being able to accept bitcoin again when the renewable energy results in is a huge motivator for us to go to 64k again.

some people do not believe in the sound of birds from Elon Musk on Twitter and some still believe in Elon Musk's tweets on Twitter.
then the graph that we see in an hour the graph rises and in an hour bitcoin falls again.
so there's no need to worry and ignore the problem that bitcoin could fall back below $30,000, because there are still many pro-bitcoins that last longer, maybe for them the future will look bright.

But for sure, his influence is going down, it has no such effect on the market unlike before wherein he was treated like a demi-god or something. Every tweet of his shakes the market upside down. But since then, people realised what a gizzard Elon Musk is, self-centered and only concerns how much he can make out of this market.

Obviously, there's a lot of wiggle room to make here, we haven't reach the last quarter of the year. I'm expecting a big move during that time, heck a possible 6 digit is still there.

Sadly this guy has a lot of influence yet because investors act like sheep. Look the pump bitcoin performed since yesterday. Probably it was due to the interview Elon Musk gave saying Tesla will start accepting bitcoin again. He talkede about bitcoin positively again and demand for bitcoin increased instantly. It doesn't look good as it will make Musk feel even more powerful and influent in crypto universe, what can lead to more of his tricks and jokes to play with prices. That is insane how a decentralized world becomes hostage of an individual so easily without being necessary to enforce any regulation.

Ulon Musk's tweets can be manipulated and can be valid information, but in terms of the effect of the tweets submitted, it can have an effect or a price pump occurs. that's the proof they take the opportunity in the crevices of confusion to profit when even if not in the long term.
what's wrong if you can also take the opportunity, and don't be too depressed because of previous trauma.

The problem in taking the opportunity is that you are feeding the monster that is going to grow bigger even more until he will become so hungry that you will also be eaten by him like everyone else. Furthermore that is a dangerous opportunity because investors are relying in a man which the statements are totally unstable and unpredictable to make their financial decisions. Today bitcoin is good, but tomorrow it will be bad and after some days it becomes good again. These statements from Elon Musk don't follow any logic, but just his personal preferences on the present moment. Actually I'm not so sure if it's really an opportunity.

proudhon

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Quote from: dothebeats on July 22, 2021, 12:31:05 PM

There is always a room for appreciation for bitcoin.

But there isn't, and it's been proven mathematically by me and Taleb.

Quote

If any non-dividend yielding asset has the tiniest constant probability of hitting an absorbing barrier (causing
its value to become 0), then its present value must be 0.

Bitcoin is a non-dividend yielding asset. Bitcoin does have at least a tiny constant probability of hitting an absorbing barrier (but in reality it has a very high probability of hitting an absorbing barrier; but I'm just being charitable for the sake of argument). Therefore, it's present value must be 0. The market simply hasn't digested this elegant proof yet, but more and more participants are realizing this scientific and mathematical fact, and as the proportion of the market that realizes these facts increases, the price of bitcoin will fall. This is 100% proven and scientifically mathematical by myself and one of the smartest geniuses in the world. There is no room for appreciation in the future.

dothebeats

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There is always a room for appreciation for bitcoin. It undergoes brief phases of rises and falls but there is never a single time when it's all greens and reds. The financial giants of the world have already took notice of bitcoin, and I'm pretty sure that they are all just waiting for the price to go down a certain amount before they consider buying in, just like what other huge names back in March of last year did.

As for Elon Musk, every single day he loses credibility, power, and influence over crypto markets as the world discovers how manipulative and tricky his true intentions were for the market. There will come a time when his herd of sheep will no longer follow his every tweet, and market manipulation from such entities will no longer matter.

rahmatrf331

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Quote from: uneng on July 22, 2021, 11:14:05 AM

Quote from: Baofeng on July 22, 2021, 07:24:34 AM

Quote from: rahmatrf331 on July 22, 2021, 12:59:23 AM

Quote from: marine4u on July 22, 2021, 12:42:06 AM

Quote from: qq719832 on July 20, 2021, 01:35:39 PM

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

Elon isn't exactly creating a rift for bitcoin and this space. But it seems that he is also one of those who are also optimistic and pro-bitcoin, things should be viewed fairly and consistently. I don't think Elon is playing with the world, he's not stupid. The drop from 65k could be a cycle with many other problems, same reason. And now, they just see him as a simple "Tesla doesn't accept bitcoin" decision, which really isn't. I guess, I'm not defending him, but Elon market dynamics play an important role. Certainly the outcome of the meeting that we know roughly.
I believe that Elon saying that he is looking at sustainability and being able to accept bitcoin again when the renewable energy results in is a huge motivator for us to go to 64k again.

some people do not believe in the sound of birds from Elon Musk on Twitter and some still believe in Elon Musk's tweets on Twitter.
then the graph that we see in an hour the graph rises and in an hour bitcoin falls again.
so there's no need to worry and ignore the problem that bitcoin could fall back below $30,000, because there are still many pro-bitcoins that last longer, maybe for them the future will look bright.

But for sure, his influence is going down, it has no such effect on the market unlike before wherein he was treated like a demi-god or something. Every tweet of his shakes the market upside down. But since then, people realised what a gizzard Elon Musk is, self-centered and only concerns how much he can make out of this market.

Obviously, there's a lot of wiggle room to make here, we haven't reach the last quarter of the year. I'm expecting a big move during that time, heck a possible 6 digit is still there.

Sadly this guy has a lot of influence yet because investors act like sheep. Look the pump bitcoin performed since yesterday. Probably it was due to the interview Elon Musk gave saying Tesla will start accepting bitcoin again. He talkede about bitcoin positively again and demand for bitcoin increased instantly. It doesn't look good as it will make Musk feel even more powerful and influent in crypto universe, what can lead to more of his tricks and jokes to play with prices. That is insane how a decentralized world becomes hostage of an individual so easily without being necessary to enforce any regulation.

Ulon Musk's tweets can be manipulated and can be valid information, but in terms of the effect of the tweets submitted, it can have an effect or a price pump occurs. that's the proof they take the opportunity in the crevices of confusion to profit when even if not in the long term.
what's wrong if you can also take the opportunity, and don't be too depressed because of previous trauma.

uneng

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Quote from: Baofeng on July 22, 2021, 07:24:34 AM

Quote from: rahmatrf331 on July 22, 2021, 12:59:23 AM

Quote from: marine4u on July 22, 2021, 12:42:06 AM

Quote from: qq719832 on July 20, 2021, 01:35:39 PM

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

Elon isn't exactly creating a rift for bitcoin and this space. But it seems that he is also one of those who are also optimistic and pro-bitcoin, things should be viewed fairly and consistently. I don't think Elon is playing with the world, he's not stupid. The drop from 65k could be a cycle with many other problems, same reason. And now, they just see him as a simple "Tesla doesn't accept bitcoin" decision, which really isn't. I guess, I'm not defending him, but Elon market dynamics play an important role. Certainly the outcome of the meeting that we know roughly.
I believe that Elon saying that he is looking at sustainability and being able to accept bitcoin again when the renewable energy results in is a huge motivator for us to go to 64k again.

some people do not believe in the sound of birds from Elon Musk on Twitter and some still believe in Elon Musk's tweets on Twitter.
then the graph that we see in an hour the graph rises and in an hour bitcoin falls again.
so there's no need to worry and ignore the problem that bitcoin could fall back below $30,000, because there are still many pro-bitcoins that last longer, maybe for them the future will look bright.

But for sure, his influence is going down, it has no such effect on the market unlike before wherein he was treated like a demi-god or something. Every tweet of his shakes the market upside down. But since then, people realised what a gizzard Elon Musk is, self-centered and only concerns how much he can make out of this market.

Obviously, there's a lot of wiggle room to make here, we haven't reach the last quarter of the year. I'm expecting a big move during that time, heck a possible 6 digit is still there.

Sadly this guy has a lot of influence yet because investors act like sheep. Look the pump bitcoin performed since yesterday. Probably it was due to the interview Elon Musk gave saying Tesla will start accepting bitcoin again. He talkede about bitcoin positively again and demand for bitcoin increased instantly. It doesn't look good as it will make Musk feel even more powerful and influent in crypto universe, what can lead to more of his tricks and jokes to play with prices. That is insane how a decentralized world becomes hostage of an individual so easily without being necessary to enforce any regulation.

Kittygalore

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Yes there's still room, it's not like it's the end of the world for bitcoin market when it goes under 30k, life goes on and it's the same for bitcoin market too. It's much better that it goes under 30k in my opinion because it makes for an opportunity for other people to get in the market for a really low price.

Baofeng

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Quote from: rahmatrf331 on July 22, 2021, 12:59:23 AM

Quote from: marine4u on July 22, 2021, 12:42:06 AM

Quote from: qq719832 on July 20, 2021, 01:35:39 PM

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

Elon isn't exactly creating a rift for bitcoin and this space. But it seems that he is also one of those who are also optimistic and pro-bitcoin, things should be viewed fairly and consistently. I don't think Elon is playing with the world, he's not stupid. The drop from 65k could be a cycle with many other problems, same reason. And now, they just see him as a simple "Tesla doesn't accept bitcoin" decision, which really isn't. I guess, I'm not defending him, but Elon market dynamics play an important role. Certainly the outcome of the meeting that we know roughly.
I believe that Elon saying that he is looking at sustainability and being able to accept bitcoin again when the renewable energy results in is a huge motivator for us to go to 64k again.

some people do not believe in the sound of birds from Elon Musk on Twitter and some still believe in Elon Musk's tweets on Twitter.
then the graph that we see in an hour the graph rises and in an hour bitcoin falls again.
so there's no need to worry and ignore the problem that bitcoin could fall back below $30,000, because there are still many pro-bitcoins that last longer, maybe for them the future will look bright.

But for sure, his influence is going down, it has no such effect on the market unlike before wherein he was treated like a demi-god or something. Every tweet of his shakes the market upside down. But since then, people realised what a gizzard Elon Musk is, self-centered and only concerns how much he can make out of this market.

Obviously, there's a lot of wiggle room to make here, we haven't reach the last quarter of the year. I'm expecting a big move during that time, heck a possible 6 digit is still there.

LogitechMouse

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Quote from: qq719832 on July 20, 2021, 01:35:39 PM

When will it rebound?

This is the only question that no one knows the answer.
We are just investors here not fortune tellers.

One thing more is that you are already late with the news. That has been posted weeks ago and the reason why Bitcoin fallen below $30,000 isn't because of Elon Musk. Its because of the US Stock Market.
President Biden might put USA in lockdown because of the surging cases and that caused the stock market to go down at least. Stock Market and crypto's movement are somewhat the same so when US Stock Market goes down then so does crypto market.

When will it rebound?? If somebody knows it then he/she must be rich by now

Topic: BTC has fallen below 30,000. Is there still room for appreciation in the future (Read 345 times)