Can BTC go down to <$5k again now? | Bitcointalksearch.org

bitterguy28

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It will never fell down that low , And I'm sure that Bitcoin will never get that Low price anymore.

Established Investors and no upcoming "Pandemic Again" .

Quote from: Banprox on April 02, 2021, 02:23:50 PM

I don't think that bitcoin price will decrease as much as you tell. Because this coin is now in good position and much potential. Everybody wants to buy and hold it. Bitcoin price can decrease but not get down to $5k. This is quite impossible.

I don't think if they will Buy any FUD that tells 5k is downfall again.

rhodelmabanal

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Quote from: pilosopotasyo on April 03, 2021, 10:34:22 PM

Quote from: fillippone on April 03, 2021, 03:54:54 PM

Hey.
You guys are still debating this stupid question?
I answered this thread on page 4:
https://bitcointalksearch.org/topic/m.56136676

And in the meantime the reasons why I explained why Bitcoin not only ill never get back to 5K, but also would have a floor at 14,000 have now raised the floor at 20,000.

How long shall we debate this non-sense?

Great analysis unfortunately many people lack understanding on this, or they are in wishful thinking, hoping that the price of Bitcoin will drop to $5k just like after the pandemic broke, this is what happen if you failed to trust what the big names are saying when Bitcoin is crashing back March last year, there is no need to debate but support the price now and hoe it will triple in the next big pump.

Well pump or dump is doesnt matter as long as we have patience we can maybe still earn even in bullish market. However we still need to be careful on investing and i think the best time to invest is when the price reach or drop up to 5k$ that is everyones wish that the price will go back to 5k$ for they can buy more and hold it for good.

pilosopotasyo

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Quote from: fillippone on April 03, 2021, 03:54:54 PM

Hey.
You guys are still debating this stupid question?
I answered this thread on page 4:
https://bitcointalksearch.org/topic/m.56136676

And in the meantime the reasons why I explained why Bitcoin not only ill never get back to 5K, but also would have a floor at 14,000 have now raised the floor at 20,000.

How long shall we debate this non-sense?

Great analysis unfortunately many people lack understanding on this, or they are in wishful thinking, hoping that the price of Bitcoin will drop to $5k just like after the pandemic broke, this is what happen if you failed to trust what the big names are saying when Bitcoin is crashing back March last year, there is no need to debate but support the price now and hoe it will triple in the next big pump.

STT

legendary

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Back last March someone was asking about selling BTC when it was sub 6k I think it was and nobody at that time could say it was a definite buy or least the exact bottom price; extreme uncertainity. They sold their BTC in the doubt which was incorrect reaction to pricing. The thing to remember is not that we cant see lows but if it pushes past the bottom of 20k say or 14k even then its very likely too cheap and returns back up just as fast. I dont know what other global event we could have that would create that kind of sell off but its not impossible, just the probability is unknown.
A proper price is formed over more then minutes hours or even a day, it could be we see a nasty low but it never lasts the week so its then ironically a buy because it reverses itself. I try to spot these all the time because market is always slightly too forward either up or down and its an opportunity to trade then.

fillippone

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Hey.
You guys are still debating this stupid question?
I answered this thread on page 4:
https://bitcointalksearch.org/topic/m.56136676

And in the meantime the reasons why I explained why Bitcoin not only ill never get back to 5K, but also would have a floor at 14,000 have now raised the floor at 20,000.

How long shall we debate this non-sense?

Zemomtum

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That will be in another world and not this present one. Institutions and the richest men and women in the world are jumping in, they will definitely protect the capital and seeing BTC going down to 5k will be only achievable through a night dream.

Banprox

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I don't think that bitcoin price will decrease as much as you tell. Because this coin is now in good position and much potential. Everybody wants to buy and hold it. Bitcoin price can decrease but not get down to $5k. This is quite impossible.

jonval21

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Quote from: Karartma1 on February 03, 2021, 01:25:53 PM

The bitcoin ecosystem is way too mature to crush the price down that bad. If all the relevant bitcoin performance metrics keep staying healthy and keep rising I don't think we will ever see 5K ever again. Also, never forget how big the bitcoin business industry is: if we are here today it's thanks to all those who contributed in the last 12 years. This is the main reason I keep suggesting all my noob friends to never consider altcoin and start accumulating bitcoin only.
I wish it would go back to 5K to buy more, but that is useless wishful thinking

I also think that it is useless, and at the moment it is impossible according to how the investment of celebrities and institutions have done it, some think that it is time for the bearish trend to come but it is very difficult, also less than $5k would create chaos total especially for investors like Paypal and Elon Musk who have put a fortune in the market where they could feed the world for about 5 years.

peter0425

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Quote from: ourkid on January 11, 2021, 03:49:56 PM

I get that a few bigger whales might hold and support certain prices, but surely the collective holding of retail investors would be enough to move the dial substantially?

Tell me Why would Bigger whale support the Holding in certain price? I think what make the price strong now is that Real investors are inside and not just Typical Pump and Dump whales.

Quote

March 20 was the last time it was at around that level and it hasn't gone to that since.

Almost breaking the 60k again yesterday and until now the attempt is continuing .

Quote

What was fundamentally different about that period of time to what it is now that would stop us returning to that price point? I'd appreciate any reliable information sources to back up any comments?

because there is no pandemic that comes again this year. The only thing that make the price fell down t0 4k last year is about the Corona Virus , but come to think of it now?
do you think there will be another like that?

hornetsnest

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South Park

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Quote from: jjdub7 on February 02, 2021, 10:28:11 PM

After watching how stable Bitcoin is after the whole FUD & Indian Ban proposal, I'm convinced that we will never see it under 5$k again. I'm surprised that even the negative news, Bitcoin gained another 10% in the past two days!

Things have changed dramatically during the last year, years ago such FUD could have been enough to manipulate the markets but now that institutional investors are in do you think they are going to be so easily scared? Of course not, they do not care what the government of India does, they do not live there and most likely have no plans to move their coins there so they are completely unaffected by it an as long as that is the case the price will not go down.

sana54210

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Quote from: MuffinMaster on February 03, 2021, 01:36:18 AM

While anything can happen in the cryptocurrency market, at this point, Bitcoin's price drop to $5k is definitely impossible. However, I do not exclude such a scenario in a few years, because technology is moving forward and eventually someone can come up with something better - I think that only in such a situation so hard price drop will be possible.

Anything can not happen in crypto, that is what bears want you to believe, in fact that is what bull wants you to believe as well. For example, bitcoin can't be 10 million dollars per coin, you want to know why?

Because in order for bitcoin to go up we need cash going in, you can't buy bitcoin with money you do not have, there is no taking out bitcoin loans from banks, there is only cash for btc and there isn't enough cash in the world to make it 10 million dollars. Same logic applies to bitcoin going down, it can't go down forever, because there are buyers that would prevent that, the amount of "buy orders" we have prevents price to go down under 3k and I believe with these new increases it may have gone over 5k now as well.

Karartma1

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The bitcoin ecosystem is way too mature to crush the price down that bad. If all the relevant bitcoin performance metrics keep staying healthy and keep rising I don't think we will ever see 5K ever again. Also, never forget how big the bitcoin business industry is: if we are here today it's thanks to all those who contributed in the last 12 years. This is the main reason I keep suggesting all my noob friends to never consider altcoin and start accumulating bitcoin only.
I wish it would go back to 5K to buy more, but that is useless wishful thinking

hahay

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If you compare this with the market collapse which went back to 5k in last March because basically the bitcoin price is only moving in the 8k-9k range, so when the market collapses then of course to go back to 5k at that time is very possible. But if we talk about today even the price of bitcoin continues to strengthen, I'm not sure the collapse of bitcoin price will return to the 5k level and it seems like an impossible thing for now. Even though a big correction is happening for some reason maybe someday, I really believe the bitcoin price will still at least stay at the 20k level and above, because the cryptocurrency market will always have support to keep getting stronger and not about losing value.

khimer_rangers

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anything can happen in the crypto space but getting down to $ 5000 in my opinion is quite difficult,I wouldn't believe it if bitcoin fell at such a low price. yes it will definitely go down but maybe in the $ 20000 range.

Pamadar

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Quote from: MuffinMaster on February 03, 2021, 01:36:18 AM

While anything can happen in the cryptocurrency market, at this point, Bitcoin's price drop to $5k is definitely impossible. However, I do not exclude such a scenario in a few years, because technology is moving forward and eventually someone can come up with something better - I think that only in such a situation so hard price drop will be possible.

if another system like this will shows up and investors hype it up.

The chance that traders interest might be diverted, knowing the nature of this business, the quicker the value to rise high also same thing that may happened when downfall comes up, no wonder if trend brings the value down to this level. There's no certainty as this venue of investment still volatile.

xSkylarx

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It's too impossible to go below that price. It would be almost 90% correction at that price and for sure many would be loading their bags if that really happens. Many financial institutions now already invested in bitcoin, it would be a big loss for them if it goes that low. I don't know why people always think like this, when bitcoin breaks ATH we ask how low it can go, and when it's bear season we ask when will be the ATH again.

MuffinMaster

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Pepemo.vip

While anything can happen in the cryptocurrency market, at this point, Bitcoin's price drop to $5k is definitely impossible. However, I do not exclude such a scenario in a few years, because technology is moving forward and eventually someone can come up with something better - I think that only in such a situation so hard price drop will be possible.

Farma

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in the crypto world it could happen, but right now it is very difficult to happen, even I think that it will not happen in a vulnerable few years. To be honest, right now I'm really waiting for the price to drop below $ 10k, however, it looks like the price is continuing to strengthen. however, expect the price to be under $ 5k, I think you might get old and still expect it.

jjdub7

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After watching how stable Bitcoin is after the whole FUD & Indian Ban proposal, I'm convinced that we will never see it under 5$k again. I'm surprised that even the negative news, Bitcoin gained another 10% in the past two days!

Topic: Can BTC go down to <$5k again now? (Read 1380 times)