How low can BTC go this time around - page 3.

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Quote from: panduryk on May 17, 2022, 03:50:09 PM

On my opinion, BTC cant lower more then 30k +-. It seems that this is a psychological mark that will be difficult for us to step over.
Im know a lot of ppl who wanna buy it lower then 30k, 20k-10k ;D ;D did u hear it?? Rly they wanna buy it for pennies, but their words end after btc reaches that price, he always wanna lower and lower, in conclusion they never buy

$20,000 was not a dream. As a possibility, these levels were among the alternative scenarios. Today, Bitcoin is very close to $20,000 and those who were waiting for the right price were right. That's why I love this market. Those who calculate the least likely scenarios win. Because the market is constantly hitting the investors from the opposite corner. If I don't get hit from the opposite corner, I hope we don't see a price below $18-20k.

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Quote from: mrongoz_imut on May 19, 2022, 04:18:13 PM

Quote from: strunberg on May 19, 2022, 09:30:30 AM

Quote from: asyakashi on May 19, 2022, 08:44:49 AM

Covid which became big news only made bitcoin go down not too deep, I feel like even if there is bad news that threatens bitcoin it is still not that easy to tear it down. Nowadays bitcoin is almost known to everyone, even without many people knowing some big people I'm sure have started buying the coins they like without us knowing and of course they also have bitcoins to hold.

we have market participants from institution now , and they will be backer when bitcoin price drop alot.so far only covid and china banning that effective shaking market, war between rusian and ukranian not enough to push bitcoin unders $20k. more adoption and legal tender in several countries increase demand from retail investors.

Last lower price drop from bitcoin on $28,000 but right now success reach back to $30,000. Agree with you nothing can stop and make bitcoin drop under $20,000 except bad news from China and usually have bad reputation country make bitcoin drop like United State. I think next month on June have many good news and make bitcoin back to higher price or make new all time high after last year success touch with higher price.

I have been reading some articles where your analysts think that the lowest value that BTC can fall is $10k and that is a very likely price to happen, however I don't think I can get there, for me the lowest price that can fall and that with the maximum fear that investors can develop is $19k, taking into account that the market is very unpredictable but that this can happen, obviously it can be a whole set up of putting out very bad news so that people get scared and sell very cheap, some use these strategies to buy cheap, but do not forget that many institutions have bought expensive BTC and will not give away their BTC.

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Quote from: strunberg on May 19, 2022, 09:30:30 AM

we have market participants from institution now , and they will be backer when bitcoin price drop alot.

A good thing that happen to this market, those big players are here to support and collect those cheap coins

they are going to buy more and hold till the market gives them decent amount of profits.

Quote

so far only covid and china banning that effective shaking market, war between rusian and ukranian not enough to push bitcoin unders $20k.

Not at all, those two events that cause some fud are just temporal afterwards the market pump high and bring more interest.

Quote

more adoption and legal tender in several countries increase demand from retail investors.

More interest and adoption means more money to flow and more increase to value of crypto.

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Quote from: strunberg on May 19, 2022, 09:30:30 AM

Quote from: asyakashi on May 19, 2022, 08:44:49 AM

Covid which became big news only made bitcoin go down not too deep, I feel like even if there is bad news that threatens bitcoin it is still not that easy to tear it down. Nowadays bitcoin is almost known to everyone, even without many people knowing some big people I'm sure have started buying the coins they like without us knowing and of course they also have bitcoins to hold.

we have market participants from institution now , and they will be backer when bitcoin price drop alot.so far only covid and china banning that effective shaking market, war between rusian and ukranian not enough to push bitcoin unders $20k. more adoption and legal tender in several countries increase demand from retail investors.

Last lower price drop from bitcoin on $28,000 but right now success reach back to $30,000. Agree with you nothing can stop and make bitcoin drop under $20,000 except bad news from China and usually have bad reputation country make bitcoin drop like United State. I think next month on June have many good news and make bitcoin back to higher price or make new all time high after last year success touch with higher price.

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My price target is around $20k. But then it’ll shoot back up. Markets recover much quicker nowadays

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Quote from: Sayeds56 on May 17, 2022, 11:06:59 PM

Quote from: panduryk on May 17, 2022, 03:50:09 PM

On my opinion, BTC cant lower more then 30k +-. It seems that this is a psychological mark that will be difficult for us to step over.
Im know a lot of ppl who wanna buy it lower then 30k, 20k-10k Grin

did u hear it?? Rly they wanna buy it for pennies, but their words end after btc reaches that price, he always wanna lower and lower, in conclusion they never buy

Well said. I also think that Bitcoin will not break its ATH of 2017 which was around 20K. The Bitcoin market is currently down because of interest rate increase announced by FED and more increase is expected in coming months which will be very bearish for stocks and crypto markets. The 2nd reason is fat crash of LUNA which has massively damaged investors confidence but since yesterday Bitcoin is trading above 30K and if it stays above 30K for new days more then we can expect a rally towards 37K.

Those two reasons, fed and luna caused bitcoin to drop a lot, actually it dropped the whole crypto market down and I understand that. However, we need to get over it and move on otherwise it will be a terrible future waiting for us, well at least near future until the end of the year. We do not need great news to recover, we could just recover as it is without having any problems at all.

So, if fed and luna made us go down, then we could go back up all by ourselves as well. I know it's going to be a bit of a challenge, but it is also not impossible neither. We are already above 30k again, if we can take that to 40k levels then we are going to be just fine.

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Quote from: asyakashi on May 19, 2022, 08:44:49 AM

Covid which became big news only made bitcoin go down not too deep, I feel like even if there is bad news that threatens bitcoin it is still not that easy to tear it down. Nowadays bitcoin is almost known to everyone, even without many people knowing some big people I'm sure have started buying the coins they like without us knowing and of course they also have bitcoins to hold.

we have market participants from institution now , and they will be backer when bitcoin price drop alot.so far only covid and china banning that effective shaking market, war between rusian and ukranian not enough to push bitcoin unders $20k. more adoption and legal tender in several countries increase demand from retail investors.

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Covid which became big news only made bitcoin go down not too deep, I feel like even if there is bad news that threatens bitcoin it is still not that easy to tear it down. Nowadays bitcoin is almost known to everyone, even without many people knowing some big people I'm sure have started buying the coins they like without us knowing and of course they also have bitcoins to hold.

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Quote from: Kasabus on May 18, 2022, 04:23:03 PM

Quote from: Godday on May 17, 2022, 09:55:59 AM

I think now Bitcoin will break through the support at $30,000 and it's not impossible that it will continue to decline but that doesn't mean Bitcoin won't be able to recover. What is happening to the crypto market at the moment can be said that the market is currently entering winter and my advice is to hold it for a long time until the market returns to spring.

As of this writing, bitcoin is already $29,220 and i think there's more possibilities that it will go lower in the next days. The cheaper the price, the most likely we have to buy more bitcoin because no matter how low it dips, it will always recover again. And when it recovers, the whole crypto market will start to stabilize again. If we can hold bitcoin for a longer time, the higher the value it will reach, the bigger the profits we will achieve.

Bitcoin price is currently $29,500 more there is only a slight up and down movement but eventually tends to fall, we can't predict how deep the bitcoin price will go down.
and I think buying every drop is a good way to than expecting the bottom to be unknown when it will hit, and maybe below $30,000 is a good time to buy it as long as the downside continues then hold it for the long haul.
because the increase in the price of bitcoin will definitely happen and it's only a matter of time and also have to have strong patience to wait for it.
and taking advantage of the drop in every drop is the best way to enjoy huge profits in the future. And in my opinion and although dubious the lowest bitcoin price, probably around 28,000, so $30,000 below is a good time to buy it.

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Bitcoin's drop this time started to worry me too, and I was surprised. Not only bitcoin, but almost every coin has experienced huge drops. but the only thing that gives me hope for bitcoin's decline is that it has the potential to set a new record when it rises again.

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Quote from: Kasabus on May 18, 2022, 04:23:03 PM

Quote from: Godday on May 17, 2022, 09:55:59 AM

I think now Bitcoin will break through the support at $30,000 and it's not impossible that it will continue to decline but that doesn't mean Bitcoin won't be able to recover. What is happening to the crypto market at the moment can be said that the market is currently entering winter and my advice is to hold it for a long time until the market returns to spring.

As of this writing, bitcoin is already $29,220 and i think there's more possibilities that it will go lower in the next days. The cheaper the price, the most likely we have to buy more bitcoin because no matter how low it dips, it will always recover again. And when it recovers, the whole crypto market will start to stabilize again. If we can hold bitcoin for a longer time, the higher the value it will reach, the bigger the profits we will achieve.

Although there is still a possibility that the Bitcoin price will fall again below the $29k or $27k level but in my opinion it is the lowest price for Bitcoin for the next few months because if we look at the charts during the decline Bitcoin has tried several times to stay at the $30k level but it can only last a short time in that area, so the current decline is certainly one of the right momentum for us if we intend to invest in bitcoin for the long term.

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

The reason why people are able to buy BTC for 3500$ was because of the covid panic of 2020 if not I don't believe that BTC could ever get that cheap, now how low do you think BTC can get to in the next bear market? It will be stupid to expect BTC to get down to a very deep price range again.

3.5k was still surprisingly high to some and why will they prioritize buying btc that time? People panic because they are more concerned about their health though there are people that have been given a cash relief by their government and the use this money to invest in bitcoin. 3.5k for btc is too low already and like you I also don't believe that it will happen.

The situation on covid have recovered greatly and people are now slowly returning to their jobs. No need for them to sell their btc but they can now hodl it and can now be able to buy more. For this year price is dumping and the lowest recorded so far is I think 26k but some says that it can go as low as 21k.

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Quote from: Godday on May 17, 2022, 09:55:59 AM

I think now Bitcoin will break through the support at $30,000 and it's not impossible that it will continue to decline but that doesn't mean Bitcoin won't be able to recover. What is happening to the crypto market at the moment can be said that the market is currently entering winter and my advice is to hold it for a long time until the market returns to spring.

As of this writing, bitcoin is already $29,220 and i think there's more possibilities that it will go lower in the next days. The cheaper the price, the most likely we have to buy more bitcoin because no matter how low it dips, it will always recover again. And when it recovers, the whole crypto market will start to stabilize again. If we can hold bitcoin for a longer time, the higher the value it will reach, the bigger the profits we will achieve.

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I thought that a 4k BTC was the bottom last time. I think 25-30k BTC is the bottom this time. While we've seen it more than twice, the time that has passed has me in agreement with you. There are other indicators that are showing a similar pattern from March 2020 that says this could very well be the bottom, and within the next year or 2 we will be in price discovery and the "new" bottom might be 100k BTC. I know 100k BTC is crazy, but it could be lower and a flippening is coming.

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

The reason why people are able to buy BTC for 3500$ was because of the covid panic of 2020 if not I don't believe that BTC could ever get that cheap, now how low do you think BTC can get to in the next bear market? It will be stupid to expect BTC to get down to a very deep price range again.

There is no answer to your question the price of btc no one can guess if the price of btc can be guessed then at this time there must be people who buy btc in large quantities if the price of btc will go up as well as those who guess the price of btc will go down now will definitely sell assets their btc because they know the price of btc will go down but is there anything like I said of course the answer is no but they just assume it's like predicting it's not necessarily true.

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Quote from: Innerpumper on May 17, 2022, 11:14:12 PM

The predictions I've seen in some of their short videos are that bitcoin could bottom out at $20k, but strong support is still there at $29k and that's not easy to break. Unless there's some bad news in the future about cryptocurrencies fueling the bitcoin price there's a possibility it will return to $20k , and I believe it's very strong there to hold out until other coins enter the green market.

The market hasn't recovered from the panic from last week's crash so there will be another drop which may not be too drastic, but I also agree that $20k is strong support for the correction low as the market has lost almost 80% of ATH before turning back to bullish.

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The predictions I've seen in some of their short videos are that bitcoin could bottom out at $20k, but strong support is still there at $29k and that's not easy to break. Unless there's some bad news in the future about cryptocurrencies fueling the bitcoin price there's a possibility it will return to $20k , and I believe it's very strong there to hold out until other coins enter the green market.

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Quote from: panduryk on May 17, 2022, 03:50:09 PM

On my opinion, BTC cant lower more then 30k +-. It seems that this is a psychological mark that will be difficult for us to step over.
Im know a lot of ppl who wanna buy it lower then 30k, 20k-10k Grin

did u hear it?? Rly they wanna buy it for pennies, but their words end after btc reaches that price, he always wanna lower and lower, in conclusion they never buy

Well said. I also think that Bitcoin will not break its ATH of 2017 which was around 20K. The Bitcoin market is currently down because of interest rate increase announced by FED and more increase is expected in coming months which will be very bearish for stocks and crypto markets. The 2nd reason is fat crash of LUNA which has massively damaged investors confidence but since yesterday Bitcoin is trading above 30K and if it stays above 30K for new days more then we can expect a rally towards 37K.

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Quote from: iv4n on May 17, 2022, 04:04:58 PM

Quote from: panduryk on May 17, 2022, 03:50:09 PM

On my opinion, BTC cant lower more then 30k +-. It seems that this is a psychological mark that will be difficult for us to step over.
Im know a lot of ppl who wanna buy it lower then 30k, 20k-10k Grin

did u hear it?? Rly they wanna buy it for pennies, but their words end after btc reaches that price, he always wanna lower and lower, in conclusion they never buy

Well, an 80% drop is something "normal" for Bitcoin! It's what's happened after every halving, and we are still not close to that point after the last all-time high! I understand those people who are aiming at a $10k-$20k buying point, I think we are going in that direction!
I think history will repeat itself again, it's never a straight line to the bottom, occasional ups and downs happen all the time... I just expect a rough period! I know many things are different than before, but Bitcoin has its own cycle, and I think we will see BTC doing the same swing as before!

Thats true, but all cycle break sooner or later, we dont know when, but as u can see, earning a small % of ppl.
Im agree with u, but if he drop for 10k, lets think how many ppl will buy it on 30k,20k etc, and they will be panic after it drop to 10k, a lot of them will sell all their btc. So lets wait some time and see what will heppen next?

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Quote from: iv4n on May 17, 2022, 04:04:58 PM

Quote from: panduryk on May 17, 2022, 03:50:09 PM

On my opinion, BTC cant lower more then 30k +-. It seems that this is a psychological mark that will be difficult for us to step over.
Im know a lot of ppl who wanna buy it lower then 30k, 20k-10k Grin

did u hear it?? Rly they wanna buy it for pennies, but their words end after btc reaches that price, he always wanna lower and lower, in conclusion they never buy

Well, an 80% drop is something "normal" for Bitcoin! It's what's happened after every halving, and we are still not close to that point after the last all-time high! I understand those people who are aiming at a $10k-$20k buying point, I think we are going in that direction!
I think history will repeat itself again, it's never a straight line to the bottom, occasional ups and downs happen all the time... I just expect a rough period! I know many things are different than before, but Bitcoin has its own cycle, and I think we will see BTC doing the same swing as before!

That's right

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