How low will Bitcoin go? - page 4. | Bitcointalksearch.org

DU18

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Quote from: Abiky on June 25, 2021, 07:07:22 PM

It looks like Bitcoin's been on a constant bloodbath, struggling to get past the $40k mark. China, Elon Musk, among many other things, have caused the crypto market to go bearish. At the time of this writing, Bitcoin sits at around $33k per coin. A couple of days ago, Bitcoin was valued at $31k per coin. This is a good opportunity for those who missed on the train to grab coins at discounted prices. But it's a terrible situation for those who bought some Bitcoin when it was close to the $60k mark.

I'm wondering how low will Bitcoin go in price within the next couple of months? Will we likely see Bitcoin heading back to sub $20k prices? Or it is too late already? Do you plan to buy more Bitcoin and "hodl" strong? Or do you plan to sell it all? Your input will be greatly appreciated. Thank you very much.

No one knows how long the market will continue to deteriorate like this, because short-term sentiment seems as if the bitcoin price is already at its lowest level right now, but bitcoin price movements which are still often experiencing price consolidation could of course make the bitcoin price decline again to a lower price, and now a lot of market analysis is saying if the price of bitcoin has not been at its lowest point and the possibility of a strong bitcoin liquidity at $30K is broken then it could be that the price of bitcoin will go to a price of $25K, because in the last few weeks bitcoin's strongest wall is at $30K so it often makes the price of bitcoin rebound.

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Quote from: Shasha80 on July 13, 2021, 05:57:35 PM

Quote from: South Park on July 13, 2021, 02:44:24 PM

Quote from: Shasha80 on July 09, 2021, 06:24:47 PM

Quote from: Maslate on July 09, 2021, 03:58:24 PM

For an investor with enough knowledge and experience, I would say you are definitely telling the truth. I'm never worried about what is happening with the market now, and if there's a worse case scenario will come, then it's okay as I've already seen it in the past. Maybe it's time to conclude that the rest of the year will be bearish, so that way we will be able to make a decision on how to handle the situation that we will still benefit.

People who are worried about the current market are usually newbies, because for people who have knowledge and experience, of course
what is happening to Bitcoin today is commonplace. Bitcoin has often fallen quite deep in the past and can always come back to get back up
again. Then there is nothing to worry about, we just need to be patient holding the Bitcoins we have. I'm still optimistic though,
as long as Bitcoin hasn't dropped below $20k, that means the rest of the year is likely bullish.

Which is completely natural as this is not only about experience but also about the fact that those that bought years ago bought for a price below 10k and are not worried if bitcoin goes below 30k at all, but for the newbies that bought above 40k what is happening with the market is a form of torture, but they must endure it as we all have gone through the same process and only the ones that keep holding can receive any kind of meaningful profits out of this market.

People who last year bought Bitcoin at a price below $ 10k in my opinion are convinced of the future of Bitcoin, because not all investors dare to
do that. But it is evident that people who bought Bitcoin last year for under $10k, this year is very lucky, because the profit generated is very large.
So they are not worried about the current condition of the Bitcoin price, but newbies must panic to see the current market has not recovered.
And finally many newbies are selling Bitcoin at the current price, even though if they are patient, there is a possibility that the price of Bitcoin will
rise and can provide a large profit. Actually, the key to successful investment in Bitcoin is just patience, people who can be patient in
the current conditions will be winners.

I agree on that for those who buy bitcoin in a low price before and hold till the price rise up to 60k$ ATH has earn a huge amount of profit. But I believe that we need to do a lot of sacrifices before we can hold bitcoin for a very long time. Holding sounds simple but for the ordinary investors it is really hard to hold specially when we experience shortening of funds because of the pandemic. So i think it is always depends on the investors itself and the situation in the crypto market.

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Quote from: South Park on July 13, 2021, 02:44:24 PM

Quote from: Shasha80 on July 09, 2021, 06:24:47 PM

Quote from: Maslate on July 09, 2021, 03:58:24 PM

For an investor with enough knowledge and experience, I would say you are definitely telling the truth. I'm never worried about what is happening with the market now, and if there's a worse case scenario will come, then it's okay as I've already seen it in the past. Maybe it's time to conclude that the rest of the year will be bearish, so that way we will be able to make a decision on how to handle the situation that we will still benefit.

People who are worried about the current market are usually newbies, because for people who have knowledge and experience, of course
what is happening to Bitcoin today is commonplace. Bitcoin has often fallen quite deep in the past and can always come back to get back up
again. Then there is nothing to worry about, we just need to be patient holding the Bitcoins we have. I'm still optimistic though,
as long as Bitcoin hasn't dropped below $20k, that means the rest of the year is likely bullish.

Which is completely natural as this is not only about experience but also about the fact that those that bought years ago bought for a price below 10k and are not worried if bitcoin goes below 30k at all, but for the newbies that bought above 40k what is happening with the market is a form of torture, but they must endure it as we all have gone through the same process and only the ones that keep holding can receive any kind of meaningful profits out of this market.

People who last year bought Bitcoin at a price below $ 10k in my opinion are convinced of the future of Bitcoin, because not all investors dare to
do that. But it is evident that people who bought Bitcoin last year for under $10k, this year is very lucky, because the profit generated is very large.
So they are not worried about the current condition of the Bitcoin price, but newbies must panic to see the current market has not recovered.
And finally many newbies are selling Bitcoin at the current price, even though if they are patient, there is a possibility that the price of Bitcoin will
rise and can provide a large profit. Actually, the key to successful investment in Bitcoin is just patience, people who can be patient in
the current conditions will be winners.

South Park

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Quote from: Shasha80 on July 09, 2021, 06:24:47 PM

Quote from: Maslate on July 09, 2021, 03:58:24 PM

Quote from: Abiky on July 09, 2021, 12:27:54 PM

Quote from: freedomgo on July 04, 2021, 10:48:11 AM

At this moment, it's not good to hold bitcoin if you are aiming to increase your holding.

I would agree with some investors who think of selling their bitcoin and just bought back when bitcoin dump.
With the current movement of bitcoin, it's possible that we will dump below $30k and worse is it will dip until $10k.

That could be too low since we got $60k, but based on history and its trend, it's not impossible.

Worse case, Bitcoin can go as low as $8k with a long-lasting bear market. With China banning Bitcoin miners and Elon Musk criticizing its high energy consumption, anything can happen within the next months. We should be prepared for the worst by selling Bitcoin when it's bullish and buying more coins when it goes all the way down the drain. I usually exchange my Bitcoin to stablecoins whenever I see the opportunity to prevent losses with wild fluctuations in price.

No matter how low Bitcoin goes within the short term, it'll always be a valuable cryptocurrency because of its deflationary model. Long-term speaking, Bitcoin should be heading north of $60k per coin. Price doesn't matter as long as you buy and sell at the right time. You'll achieve peace of mind in the long run if you play your cards right. Just my opinion

For an investor with enough knowledge and experience, I would say you are definitely telling the truth. I'm never worried about what is happening with the market now, and if there's a worse case scenario will come, then it's okay as I've already seen it in the past. Maybe it's time to conclude that the rest of the year will be bearish, so that way we will be able to make a decision on how to handle the situation that we will still benefit.

People who are worried about the current market are usually newbies, because for people who have knowledge and experience, of course
what is happening to Bitcoin today is commonplace. Bitcoin has often fallen quite deep in the past and can always come back to get back up
again. Then there is nothing to worry about, we just need to be patient holding the Bitcoins we have. I'm still optimistic though,
as long as Bitcoin hasn't dropped below $20k, that means the rest of the year is likely bullish.

Which is completely natural as this is not only about experience but also about the fact that those that bought years ago bought for a price below 10k and are not worried if bitcoin goes below 30k at all, but for the newbies that bought above 40k what is happening with the market is a form of torture, but they must endure it as we all have gone through the same process and only the ones that keep holding can receive any kind of meaningful profits out of this market.

DU18

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Quote from: DeathAngel on July 12, 2021, 02:51:55 PM

Bears shorting hard, we need some positive, institutional adoption news or something. We can’t even break $35,000 right now. I worry about us reaching lower lows.

I also think that the current decline in bitcoin prices has not yet reached the bottom of the price, so there is still the possibility of a deeper price decline if there is no positive sentiment that will push bitcoin prices to rise again, now the market is really falling due to the ban from the state. China and it may take a few more months for the market to recover later.

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Quote from: DeathAngel on July 12, 2021, 02:51:55 PM

Bears shorting hard, we need some positive, institutional adoption news or something. We can’t even break $35,000 right now. I worry about us reaching lower lows.

Exactly. Bitcoin is still struggling to get past the $35k mark. If this keeps up, prices could be heading south within such a short amount of time. There's practically no positive news at the moment that would spark demand for BTC on the market. China's Bitcoin miner ban, and Tesla's departure from Bitcoin as payment method are affecting Bitcoin's price negatively. Despite this, Bitcoin's halving should make price soar towards new heights in the long term. One thing for sure is that Bitcoin will never head back to $35k a decade from now. Buying Bitcoin while it's still "cheap" now may be the smartest decision you could make. Always remember to buy low and sell high in order to protect yourself from volatility. As long as you do that, you'll have nothing to worry about. Just my opinion

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The price of BTC has been very volatile, in fact it has been driven by bearish lops, in fact many think that it will drop to $ 31k, of course it is a matter of waiting, sometimes the opposite happens in the market:

Quote

The 20-day EMA has started to turn down again and the relative strength index (RSI) has dropped below 45, indicating that bears are attempting to gain the upper hand. A break and close below $31,000 will be the first sign of the possible resumption of the downtrend.

The selling could intensify further if the $28,000 support cracks. That could result in long liquidation, which may pull the price down to $20,000.

Source: https://cointelegraph.com/news/price-analysis-7-12-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc

It is likely that the bulls are waiting for the most suitable moment to defer the positions, I do not think it will drop below the $ 30k level, however it is necessary to have peace of mind at this time.

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Quote from: DeathAngel on July 12, 2021, 02:51:55 PM

Bears shorting hard, we need some positive, institutional adoption news or something. We can’t even break $35,000 right now. I worry about us reaching lower lows.

News greatly affects the movement of bitcoin and positive news will increase the price of bitcoin and vice versa, and in my opinion if there is a decrease in the price of bitcoin it will not be too drastic.
patience is very important in the current situation of bitcoin movement and it only takes time for the bitcoin price to rise and I am still optimistic that the increase will occur gradually in the near future Grin

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Quote from: DeathAngel on July 12, 2021, 02:51:55 PM

Bears shorting hard, we need some positive, institutional adoption news or something. We can’t even break $35,000 right now. I worry about us reaching lower lows.

Expect the unexpected and its always been like this because this market is never been predictable ever since so its just normal that we do really have these kind of days where bitcoin can break out resistances
or does move sideways and how many times we have seen these similar situation in the past? Its been countless and it could possibly move without those news or fundamentals because everything could
really be depending on the demand which isnt something new. How long will Bitcoin would go up? No one knows but asking out the potential then we are sure that it would really be able to surprise us
in regards to that but theres no specific time for that.

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Bears shorting hard, we need some positive, institutional adoption news or something. We can’t even break $35,000 right now. I worry about us reaching lower lows.

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Quote from: ARTURVH on July 12, 2021, 01:34:25 AM

With China banning Bitcoin miners and Elon Musk criticizing its high energy consumption, the market price of bitcoin will as low as 10k$ .Pls prepare for the worst ，There is a long-lasting bear market.

I don't think anything will happen to what you say, because bitcoin has already passed that with bad news and @elonmusk ravings. now bitcoin is in a stable state and preparing for momentum to rise and hopefully a lot of good news will boost it. leave @elonmusk with his ramblings and don't believe, that's enough.

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With China banning Bitcoin miners and Elon Musk criticizing its high energy consumption, the market price of bitcoin will as low as 10k$ .Pls prepare for the worst ，There is a long-lasting bear market.

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Right this moment I think BTC is back on its way up not down but the extent of that travel is not known to me and its just a feeling of direction near term mostly. Overall we can still make a grander low and again this can be a serious development or a kind of flush out move that retrospectively looks like a pin candle that retracted quickly after right back up, in the moment many will sell not knowing.
I wouldnt expect it exactly but wild movements could be as far as 15k possibly, this is not a settled price but an intra day volatile trading movement and it can be back to 25k within that same day also though it would shake many that it happened at all.

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Quote from: Shasha80 on July 09, 2021, 06:24:47 PM

~
People who are worried about the current market are usually newbies, because for people who have knowledge and experience, of course
what is happening to Bitcoin today is commonplace. Bitcoin has often fallen quite deep in the past and can always come back to get back up
again. Then there is nothing to worry about, we just need to be patient holding the Bitcoins we have. I'm still optimistic though,
as long as Bitcoin hasn't dropped below $20k, that means the rest of the year is likely bullish.

Most people are worried because of a lack of experience and knowledge. You should first educate yourself. Don't give up, and keep moving forward. I think Bitcoin might move up to 36k within a few days. This is just my opinion. If you need advice, please do not take it, but watch BTC movement closely.

Therefore it is very important before deciding to buy Bitcoin, we must really understand how Bitcoin works. If we invest in something that we
do not understand, then we will panic seeing the current market. Because people who invest in Bitcoin without experience and knowledge will
definitely worry and panic seeing the current Bitcoin price. So some people finally decided to do a cutloss, fearing the price of Bitcoin will drop
even lower. My advice never buy Bitcoin because of other people's advice, but always do your own research and analysis before deciding to
invest in Bitcoin. Hopefully your predictions come true, that Bitcoin can return to the price of $ 36k, in order to help boost investors confidence.

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I could see Bitcoin touching $20,000, but not lower in the next 3-5 years. Even in an extended market downturn, I just don't see it happening. There is too much mone out there to prop it up if needed during rough patches.

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Quote from: Erdogan on July 10, 2021, 03:28:12 AM

In my opinion, what we see on the charts is not a bear market yet, but only a temporary correction. I think if the price doesn't drop below $28k for the next month, we should see an increase and a march for new ATH.
However, if it is start of the bear market, I'm sure the price could dive below $10k. In my opinion, you should expect 90% drop from ATH, which is even up to $6k

I do not think that it will go down under 10k even if we are in a bear market after this, even if the price goes down it will not go down under 10k, it may go down under 20k which is the bare minimum what I think it will happen, a price like 14-16k levels would be the bare minimum it could reach, under 10k is way too much packed right now and in order to do that we need to have nearly a million bitcoins sold without anyone buying at the current prices until that time which we all know there will be a lot of buyers coming up after that but let's assume that is negated by all the new sellers added as well, who can really believe that we could sell nearly million (more like 700k) bitcoins sold in the next few months to drop the price to around 4-5k once again? I really do not think that it will happen and that is why I am not really that much worried.

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No one knows the lowest level the Bitcoin market will reach before continuing it bullish trend to the top. The market has a lot of ways in deciding it direction which is difficult most time to analyze accurately but sometimes their is always a good tendency of guessing the market right when using the right tools and information, not just looking at the market with a partial view or carrying out trivial analysis that would not be able to give good result.

Speculating Bitcoin price accurately needs a lot of works and it takes a knowledgeable mind to assertain the least shallow price of Bitcoin before a turning point exceeding it highest level. Well I could estimate that the price is going to reach below $20k and then ranging for a while before determining it next trend which I believe it would continue the normal bullish trend.

The market is ranging now to gain strength to go more bearish, breaking the $20k level consolidating before going bullish. More investors that bought Bitcoin at $65k level would have been in big loses now, which I expect some to rather sell their Bitcoin when it reaches $50k again and bear their loses then prepare to for the next Bearish consolidation of the market.

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Quote from: Erdogan on July 10, 2021, 03:28:12 AM

Quote from: Abiky on June 25, 2021, 07:07:22 PM

It looks like Bitcoin's been on a constant bloodbath, struggling to get past the $40k mark. China, Elon Musk, among many other things, have caused the crypto market to go bearish. At the time of this writing, Bitcoin sits at around $33k per coin. A couple of days ago, Bitcoin was valued at $31k per coin. This is a good opportunity for those who missed on the train to grab coins at discounted prices. But it's a terrible situation for those who bought some Bitcoin when it was close to the $60k mark.

I'm wondering how low will Bitcoin go in price within the next couple of months? Will we likely see Bitcoin heading back to sub $20k prices? Or it is too late already? Do you plan to buy more Bitcoin and "hodl" strong? Or do you plan to sell it all? Your input will be greatly appreciated. Thank you very much.

In my opinion, what we see on the charts is not a bear market yet, but only a temporary correction. I think if the price doesn't drop below $28k for the next month, we should see an increase and a march for new ATH.
However, if it is start of the bear market, I'm sure the price could dive below $10k. In my opinion, you should expect 90% drop from ATH, which is even up to $6k

Bear market already hit us that's why we see a major price decrease after it hits a record breaking ATH this year although bitcoin price is now recovering but we cannot say that we are in safezone now since there's still possibilities that market will be shaken off if there are more fuds came. But we shouldn't be worried about those since as long as we can see the price looks promising at $33k the future is bright for it. But I really hope we cannot see that $10k price you predicted.

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Quote from: Abiky on June 25, 2021, 07:07:22 PM

It looks like Bitcoin's been on a constant bloodbath, struggling to get past the $40k mark. China, Elon Musk, among many other things, have caused the crypto market to go bearish. At the time of this writing, Bitcoin sits at around $33k per coin. A couple of days ago, Bitcoin was valued at $31k per coin. This is a good opportunity for those who missed on the train to grab coins at discounted prices. But it's a terrible situation for those who bought some Bitcoin when it was close to the $60k mark.

I'm wondering how low will Bitcoin go in price within the next couple of months? Will we likely see Bitcoin heading back to sub $20k prices? Or it is too late already? Do you plan to buy more Bitcoin and "hodl" strong? Or do you plan to sell it all? Your input will be greatly appreciated. Thank you very much.

In my opinion, what we see on the charts is not a bear market yet, but only a temporary correction. I think if the price doesn't drop below $28k for the next month, we should see an increase and a march for new ATH.
However, if it is start of the bear market, I'm sure the price could dive below $10k. In my opinion, you should expect 90% drop from ATH, which is even up to $6k

DU18

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Quote from: ?? on ??

Quote from: Shasha80 on July 09, 2021, 06:24:47 PM

~
People who are worried about the current market are usually newbies, because for people who have knowledge and experience, of course
what is happening to Bitcoin today is commonplace. Bitcoin has often fallen quite deep in the past and can always come back to get back up
again. Then there is nothing to worry about, we just need to be patient holding the Bitcoins we have. I'm still optimistic though,
as long as Bitcoin hasn't dropped below $20k, that means the rest of the year is likely bullish.

Most people are worried because of a lack of experience and knowledge. You should first educate yourself. Don't give up, and keep moving forward. I think Bitcoin might move up to 36k within a few days. This is just my opinion. If you need advice, please do not take it, but watch BTC movement closely.

Any weakness in the broader market or a reduction in liquidity can lead to a sharp decline in Bitcoin, and this will make some investors and new traders panic so they sell their bitcoins, I agree as you say, because when the bitcoin price peaks in price some a long time ago, many people started to switch to crypto investments, especially bitcoin without having sufficient knowledge, and as a result when the bitcoin price fell like it is now of course they would panic very much because they experienced losses and eventually sell their assets to cut losses so as not to get caught in losses what's even deeper, they actually don't realize the panic selling bitcoins actually makes the bitcoin price fall even more badly.

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