Can BTC go down to <$5k again now? - page 3.

matchi2011

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Buy $BGL before it's too late!

Quote from: 3meek on January 27, 2021, 12:23:52 PM

Quote from: Renampun on January 26, 2021, 12:56:45 PM

seeing the number of companies that are starting to make Bitcoin a safe haven, I don't think it will...
Bitcoin going back to the price of $ 5k is mission impossible IMO, it took a huge amount of sales and panic to make it up. many are sure to expect Bitcoin to return to $ 5k but it's just a dream that won't come true.

Never say never! Wink

I certainly don't claim that bitcoin will be worth 5K sooner or later, but in 2017 many people claimed that bitcoin will never be worth less than 10K... And it went down to 3K twice in 3 years...

The market still uncertain, remembering those days when the pump take place and many speculations flows thinking that Bitcoin is already strong and it can hold it's barrier not to fall that much.

If history will repeated itself then expect that worse scenario back again to this market, though there are lots of institutional investors who are not that afraid to hold and wait unlike the last time it happened.

3meek

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God, save BTC!

Quote from: Renampun on January 26, 2021, 12:56:45 PM

seeing the number of companies that are starting to make Bitcoin a safe haven, I don't think it will...
Bitcoin going back to the price of $ 5k is mission impossible IMO, it took a huge amount of sales and panic to make it up. many are sure to expect Bitcoin to return to $ 5k but it's just a dream that won't come true.

Never say never! Wink

I certainly don't claim that bitcoin will be worth 5K sooner or later, but in 2017 many people claimed that bitcoin will never be worth less than 10K... And it went down to 3K twice in 3 years...

Renampun

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seeing the number of companies that are starting to make Bitcoin a safe haven, I don't think it will...
Bitcoin going back to the price of $ 5k is mission impossible IMO, it took a huge amount of sales and panic to make it up. many are sure to expect Bitcoin to return to $ 5k but it's just a dream that won't come true.

Raflesia

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_""""Duelbits""""_

Quote from: coin-investor on January 24, 2021, 07:31:30 PM

Nothing is impossible in the Cryptomarket where there's a lot of FUDS and manipulation, and there could be a similar situation like CoVid where the price drops to $5k, it's very important to watch out what's coming to get the real-time update and look in the current news that might have an impact in the market so you can prepare if there is a huge crash.

We don't listen to any news where it comes from. FUD also sometimes affects us mentally that are not ready so the impact will definitely occur, but we still have to see how the conditions that occur at the core I will not be influenced by anyone because regrets will definitely happen when we misstep on this.
The impact of Covid-19 was indeed a downtrend in the beginning, but they were able to rise over time which increased a lot from day to day.

Wawa2013

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I am very optimistic that many institutions investing in Bitcoin will not make Bitcoin price drop below $ 5000 again. Especially if we look at
the current Bitcoin movement which is slowly starting to recover, like in the near future Bitcoin could return to a price of $ 35,000. Hopefully
my current prediction is correct, because I admit it is not easy to predict the price of Bitcoin. Sometimes Bitcoin moves in unexpected ways.

coin-investor

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Leading Crypto Sports Betting & Casino Platform

Nothing is impossible in the Cryptomarket where there's a lot of FUDS and manipulation, and there could be a similar situation like CoVid where the price drops to $5k, it's very important to watch out what's coming to get the real-time update and look in the current news that might have an impact in the market so you can prepare if there is a huge crash.

KTChampions

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Quote from: fillippone on January 21, 2021, 04:22:51 PM

Quote from: KTChampions on January 21, 2021, 04:12:32 PM

<...>
I wonder if they foresaw such a rollback and what their actions will be. It would be wise to keep buying now - it would quickly return the market to growth and allow them to build up their capital, but it is not known how much liquidity they have to act this way.

Just remember Grayscale has no discretionality on their buying: they just react to the money inflows from their investors. They transform the inflows (cash or BTC be it) into GBTC shares.

Exactly! I completely forgot about this moment. In fact, they don't care what happens to the asset. I read the analysis of the work of their service and if I understood correctly then over time, regardless of how the price of the asset changes, all bitcoins will go to this company. Very tricky business)

MishaSER

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BIB Exchange

Quote from: Febo on January 21, 2021, 11:36:34 AM

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

Can BTC go down to <$5k again now?

I dont think so. I dont believe can go below $10k ever again. Most likely it will also stay above $20k. Or at least if will somehow fall below $20k it will retrace back extremely fast. Impossible to buy unless you will have buy orders set at that price.

I see a lot of people writing from 20k, I don't understand where they got these numbers, I've seen that the market is behaving against the community.

3meek

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God, save BTC!

All this talk never changes... Maybe it will, maybe it won't! Wink

It's all just speculation and as the banks and manipulators want it, so will the price! For example, this bull run happened solely due to the printed Tether, just like in 2017... So I don't think anything can prevent the value of 5K...

TheGreatPython

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Quote from: BrewMaster on January 19, 2021, 02:27:55 PM

this topic and some of the replies i went through gave me a very strange feeling like what i had back in 2018 when people were asking about whether price is going to go back to $1500 again when it was going to break the $4k resistance and break out with a massive FOMO.

i am always fascinated by how the history keeps repeating itself in bitcoin world without some people taking any lessons from it. i actually have a couple of topics about this too.

We didn't really do that in 2018, are you mistaking it with 2017? Because in 2018 we went down and down and down and down without stopping, went form 20k to as low as 3.6k and asking if we would be 1.5k was a very valid question considering we got there from 20k. However in 2017 it was obvious that "would we go to 1.5k again" question may have followed by bitcoin reaching over 4k and going to 20k. We had something similar once again, until 20k it was about as resistance filled as possible, same as 4k was in 2017, and when we broke over it, we doubled easily without stopping much.

However remember that when you break over a level, it goes back to that level eventually, which means a 20k price could be soon possible, maybe in a week, maybe in a year but I do see 20k as our base of operations from now on, that was about 5-10k levels before, now should be about 15-20k levels probably.

Shasha80

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It is very interesting to see the current price of Bitcoin which continues to fall, as I write this post Bitcoin is priced at $ 30k. If the $ 30k support
price is broken, the Bitcoin price will fall even faster. At least Bitcoin won't drop below $ 20k. Moreover, Bitcoin drops below $ 5000 again like
it is impossible. We all hope that the price of Bitcoin will rise again soon, at least I want Bitcoin to be stable at $ 35k. In order to provide
an opportunity for the altcoins pump.

wheelz1200

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Anything is always possible. Can it go to 5k sure, can it go to 100k yes. What will happen will probably be a mix of something in the middle. In every market there is always pullback. I think people are far too invested to dump down to 5k but I dont think anything in crypto would surprise me.

UnDerDoG81

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Doomsday posts popping up. VERY BULLISH!!

pixie85

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Quote from: BrewMaster on January 19, 2021, 02:27:55 PM

this topic and some of the replies i went through gave me a very strange feeling like what i had back in 2018 when people were asking about whether price is going to go back to $1500 again when it was going to break the $4k resistance and break out with a massive FOMO.

i am always fascinated by how the history keeps repeating itself in bitcoin world without some people taking any lessons from it. i actually have a couple of topics about this too.

They never learn and Bitcoin is so simple or at least it used to be because there can always be that first time Wink

First simplest thing that bitcoin has always done is that it always begun a bull market from a point of a much higher level than the previous ATH and then went parabolic, followed by a sharp correction and a bear market.

In 2013 it went up in Spring, corrected and then again parabolic to 1000 and went into a bear market ending at where it begun in Spring at about 200 USD
In 2017 went from 1000 the old ATH to 3000, corrected to 1700 and from that we went parabolic to 20 thousand and corrected back to 3000.
This year we had our first rally to 41000 and are experiencing this first correction before going parabolic.

5000 is out of the question unless bitcoin dies because all things come to an end one day.

Saisher

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Quote from: Febo on January 21, 2021, 11:36:34 AM

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

Can BTC go down to <$5k again now?

I dont think so. I dont believe can go below $10 ever again. Most likely it will also stay above $20k. Or at least if will somehow fall below $20k it will retrace back extremely fast. Impossible to buy unless you will have buy orders set at that price.

This week we have a huge 17.4 % drop one of the highest this month the last high one was 18% but Bitcoin eventually recover it could go either way this week, it could go down to $25k or bounce back and show strength and recover it's previous losses, let's see how this weekend plays out there should be a rally to happen right now.

SaveOurSea

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Quote from: fillippone on January 21, 2021, 04:22:51 PM

Quote from: KTChampions on January 21, 2021, 04:12:32 PM

<...>
I wonder if they foresaw such a rollback and what their actions will be. It would be wise to keep buying now - it would quickly return the market to growth and allow them to build up their capital, but it is not known how much liquidity they have to act this way.

Just remember Grayscale has no discretionality on their buying: they just react to the money inflows from their investors. They transform the inflows (cash or BTC be it) into GBTC shares.

does that mean they hold Bitcoin for a longer term? If that is the case they are unlikely to buy Bitcoin at a high price,
especially when there is news that Grayscale bought 8,000 more Bitcoin when the price fell at $ 32k,
but what happened was panic sell, $ 30k is the strongest support for Bitcoin, if the price breaks again below $ 30k,
better get out, and the question is whether bitcoin will drop to $ 5000? the answer is impossible for now!

fillippone

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Quote from: KTChampions on January 21, 2021, 04:12:32 PM

<...>
I wonder if they foresaw such a rollback and what their actions will be. It would be wise to keep buying now - it would quickly return the market to growth and allow them to build up their capital, but it is not known how much liquidity they have to act this way.

Just remember Grayscale has no discretionality on their buying: they just react to the money inflows from their investors. They transform the inflows (cash or BTC be it) into GBTC shares.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: figmentofmyass on January 18, 2021, 10:45:23 PM

grayscale just bought 16k BTC in a single day. that's 18x the mined supply, so they are just eating up all available market supply! i'll be amazed if sellers can take this market below $30k again given the size of these inflows from institutions.

Quote from: fillippone on January 18, 2021, 06:59:50 PM

On January 18 they added 16,244 BTC to their fund!

More than 600,000,000 inflows on a single day.
Highest BTC inflow ever.
Highest USD inflow ever.

I wonder if they foresaw such a rollback and what their actions will be. It would be wise to keep buying now - it would quickly return the market to growth and allow them to build up their capital, but it is not known how much liquidity they have to act this way.

Oilacris

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Quote from: Febo on January 21, 2021, 11:36:34 AM

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

Can BTC go down to <$5k again now?

I dont think so. I dont believe can go below $10 ever again. Most likely it will also stay above $20k. Or at least if will somehow fall below $20k it will retrace back extremely fast. Impossible to buy unless you will have buy orders set at that price.

With the current Bitcoin double spend issue then i doubt that this will really be affecting the current price but somehow it did able to avoid the worst possible scenario or we are just starting up?

There are lots of strong support levels in 30k and 20k+ prices and im that confident that it cant be possibly be broken out but lets still be aware on possible changes of course of action depending on the situation.

Price is always unpredictable and it can crash anytime but its hard to believe that we would really be seeing an another 2017-2018 event.

Febo

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

Can BTC go down to <$5k again now?

I dont think so. I dont believe can go below $10k ever again. Most likely it will also stay above $20k. Or at least if will somehow fall below $20k it will retrace back extremely fast. Impossible to buy unless you will have buy orders set at that price.

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