How low will BTC's market price go? - page 4.

RealMalatesta

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Quote from: ethereumhunter on November 28, 2022, 11:19:24 AM

Some say that the price of $ 15k-$ 16k is the lowest price for bitcoin at the moment but there is still a possibility that the price will drop to $ 10k-$ 13k. And as long as there is still negative news circulating and global conditions are still showing no progress, the crypto market can still get an impact and that will make the crypto market fall even deeper. But if some positive news shows market sentiment for other commodities starting to improve, maybe the crypto market will also increase. But I don't know, the current situation is very difficult to predict and this time, the bitcoin price has really gone wild and our analysis could be wrong in predicting.

I am one of those people, even though I agree that there is a possibility it could drop a lot lower, I also agree that it's not going to be that easy to drop anything under those levels. I prefer to see the good in bitcoin and that means I am always bullish about it. Even when I know that there is a possibility of the price going down, there is also a chance that it could always go up and stay like that and then keep going up.

I like to think about that side of things, it makes me feel a lot better. Yes it is not that easy and yes it will require a ton of things for us to be just going up and up constantly, but why not imagine that's the case, worst case I will hold some more.

fullhdpixel

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Quote from: Chato1977 on November 28, 2022, 05:31:36 AM

Quote from: Paul Pogba on November 25, 2022, 11:10:08 PM

The pressure is not over and it looks like the price has a chance to go down, there are too many FUDs and make many panic, the FTX case is like a time bomb that can explode at any time so that we must always be vigilant, it is better to store assets in a private wallet and wait for the cold situation before returning to exchanges.

Lol FTX? still using this to bring scare to the community ? if there is something to explode FTX isn't one of those because this has already exploded and we can expect only bad things from this end.
i believe that there are some bad to happen but there are also good to expect specially that we are now seeing recovery from world economy .

If there are bad things that will happen then that will only be on the side of SBF and FTX but not in the crypto market. It's game over for them. FTX is no more and then SBF are going to jail sooner or later. The suffering for the crypto market is already over. Can't you see that the btc value is now stable at $16k?

There are still bad things that can happen but that will be from other exchanges or other platforms. Bad things are normal and they are a pair with the good things but we shouldn't worry because we already figured out that cryptos are too strong that even the baddest happenings in the crypto world, can't possibly made them collapse.

ethereumhunter

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Some say that the price of $ 15k-$ 16k is the lowest price for bitcoin at the moment but there is still a possibility that the price will drop to $ 10k-$ 13k. And as long as there is still negative news circulating and global conditions are still showing no progress, the crypto market can still get an impact and that will make the crypto market fall even deeper. But if some positive news shows market sentiment for other commodities starting to improve, maybe the crypto market will also increase. But I don't know, the current situation is very difficult to predict and this time, the bitcoin price has really gone wild and our analysis could be wrong in predicting.

GeorgeJohn

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Quote from: crunck on November 24, 2022, 10:45:03 AM

Bitcoin price prediction is impossible but with my thoughts and desires I also want bitcoin to drop below $12k. If bitcoin can drop below 12k it will cause extreme panic in the market and many people leave the market. But for me it will be an opportunity, when others are afraid we should be greedy. Although it would be a bit cruel but if there was no panic in the market who would sell cheap bitcoin for us to buy.

Everyone wants the stability of Bitcoin price that will be favorable for him, Bitcoin price going to twelve thousand (12k) will be a very big lose for some people while some people whose their target is to buy more of Bitcoin will be a beneficiary to it. But in some point, Bitcoin going to twelve thousand to ten thousand (12k-10k) is totally a disadvantage to people who purchase Bitcoin when the price was at stage of thirty thousand and twenty five thousand (30k-25k) so it's depends on the individual target of investment.

posi

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Quote from: Ryker1 on November 28, 2022, 06:12:50 AM

Quote from: Chato1977 on November 28, 2022, 05:31:36 AM

Quote from: Paul Pogba on November 25, 2022, 11:10:08 PM

The pressure is not over and it looks like the price has a chance to go down, there are too many FUDs and make many panic, the FTX case is like a time bomb that can explode at any time so that we must always be vigilant, it is better to store assets in a private wallet and wait for the cold situation before returning to exchanges.

Lol FTX? still using this to bring scare to the community ? if there is something to explode FTX isn't one of those because this has already exploded and we can expect only bad things from this end.
i believe that there are some bad to happen but there are also good to expect specially that we are now seeing recovery from world economy .

Well I still believed in this --when it comes to panic, it will become prolonged which makes people conscious and withdraw their assets or sell them when they did not which is the right wallet to store. The effect of the panic selling was still there and that is the reason why bitcoin did not recover yet and it continued having corrections. However, there are too many conclusions regarding the price of bitcoin price and I think it is not only caused by the FTX --perhaps there is another reason.

Drama FTX isn't over yet, it's just begun, the name FTX won't directly engulf the market, there will be other names instead but their deaths will also be caused by FTX. Rumors of Genesis Trading's default continue to rise if they fail to raise capital which could be the next name causing the market to crash.

Besides, I haven't seen any signs of economic recovery like Chaoto1977 said, inflation in the US is falling doesn't mean it represents a recovering world economy.

Ryker1

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Quote from: Chato1977 on November 28, 2022, 05:31:36 AM

Quote from: Paul Pogba on November 25, 2022, 11:10:08 PM

The pressure is not over and it looks like the price has a chance to go down, there are too many FUDs and make many panic, the FTX case is like a time bomb that can explode at any time so that we must always be vigilant, it is better to store assets in a private wallet and wait for the cold situation before returning to exchanges.

Lol FTX? still using this to bring scare to the community ? if there is something to explode FTX isn't one of those because this has already exploded and we can expect only bad things from this end.
i believe that there are some bad to happen but there are also good to expect specially that we are now seeing recovery from world economy .

Well I still believed in this --when it comes to panic, it will become prolonged which makes people conscious and withdraw their assets or sell them when they did not which is the right wallet to store. The effect of the panic selling was still there and that is the reason why bitcoin did not recover yet and it continued having corrections. However, there are too many conclusions regarding the price of bitcoin price and I think it is not only caused by the FTX --perhaps there is another reason.

Chato1977

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Quote from: Paul Pogba on November 25, 2022, 11:10:08 PM

The pressure is not over and it looks like the price has a chance to go down, there are too many FUDs and make many panic, the FTX case is like a time bomb that can explode at any time so that we must always be vigilant, it is better to store assets in a private wallet and wait for the cold situation before returning to exchanges.

Lol FTX? still using this to bring scare to the community ? if there is something to explode FTX isn't one of those because this has already exploded and we can expect only bad things from this end.
i believe that there are some bad to happen but there are also good to expect specially that we are now seeing recovery from world economy .

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Quote from: KennyR on November 27, 2022, 06:14:29 PM

Quote from: hugeblack on November 27, 2022, 11:53:20 AM

There is a general rule that says when the bad news increases, this means that the end of the bear market is near, and therefore as long as this news continues, we are about to end the bear market and thus approach the best point to enter and buy in large quantities (if we have not reached it) or in other words, the bottom.

Therefore, expectations for the bottom are either that we have reached what or we are very close.

In the past when bad news strikes the market, the same gets spread around in different ways with some exaggeration. This further leads to more other bad news and such scenario used to be a way to manipulate the market and keep it on the downturn. Finally at some point the Whales take advantage of the market. Now the better understanding keeps people away from such spreading which is the reason it is mentioned higher the bad news circulating, we're nearing the end of bear market.

Spreading FUDs is very common when people start seeing the market decline. Of course, I understand the stance of these whales and they will take the opportunity. It doesn't mean whether it was manipulated or not but these whales actually save the market from dropping more. It was not sure how long this bear season will stay as we have no clue about it but if the FUDs still continue to influence the mindset of the investors, we can expect the same scenario that we have experienced before (2-3 years).

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Quote from: peter0425 on November 27, 2022, 08:17:16 PM

Quote from: DudeAtWork420 on November 27, 2022, 12:44:51 PM

In general BTC stay in a bear market and find its bottom next year of the bull season.

wait what ? bottoming next year of the Bull reason? can you explain this please?

This is what I think he meant:

Assuming bitcoin got to all-time-high in 2017, decreased below $4000 in 2018, 2019 and 2020. Although, the lowest price during the period was still in 2018 which was around $3100 to $3200 or so, while it decreased to around $3800 in both 2019 and 2020. Those price were very close to 2018 lowest price. Probably he is thinking something like that could still happen this time too, or to the extent their could be bull run which can be followed by a bear market that bitcoin price may decrease further below the recent lowest price.

peter0425

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Quote from: Abiky on November 23, 2022, 04:33:11 PM

What would be your predictions? Your input will be greatly appreciated. Thank you.

this will continue this year and the next but at least we must be happy as the 2-3 years there will be light again as 2025 is near to come.

at least 10k is what i can see in this market before it settled to increase again and may start run for new ATH because if we will look at the table we will find that those event from the list are a pain in the market and not only for Bitcoin but for the whole world economy .

Quote from: DudeAtWork420 on November 27, 2022, 12:44:51 PM

In general BTC stay in a bear market and find its bottom next year of the bull season.

wait what ? bottoming next year of the Bull reason? can you explain this please?

Abiky

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Quote from: mich on November 25, 2022, 11:44:46 PM

Well we can’t really say how low will BTC's market price go which is why I understand some investors are very concerned with buying on the dip and selling on the high. My focus these days is more about finding investments opportunities I firmly believe in and hold long.

For example, as a strong believer in Bitcoin I have rarely fixated much on the price. I have bought at high points and low points but have consistently made money. I think this strategy has served me well because it take away the guess work and greatly reduces risk.

The global economy hasn't recovered yet, so there's more room for Bitcoin to dive lower in market price. Only those who're able to buy and "hodl" BTC no matter the circumstances, will be able to achieve great results in the future. As you've said, it's time to focus on accumulating BTC regardless of the price. This is a method often called "Dollar Cost Averaging (DCA)". You'd ultimately win following this strategy once market prices go all the way to the moon.

No one knows when the "big pump" will come, especially when the crypto market is widely unpredictable. My guess is that everything will go back up again after the Bitcoin halving of 2024. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my opinion

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Quote from: Abiky on November 25, 2022, 04:41:56 PM

I hope BTC doesn't dip below $10k, or we'd be "toast". Most people are only into Bitcoin because of the price, so a major downfall would surely scare away the general public from investing into it. This will result in loss of confidence as we speak. Why do you think people still trust Gold these days even when there's Bitcoin in play? People trust Gold because it has never experience (AFAIK) a huge downfall in price, making it a stable and reliable store of value. You'd just invest into Gold, forget about it for a couple of years, and then come back with your money nearly intact (Gold is volatile but at a much lower rate than Bitcoin). If Bitcoin were the same, things would've been different by now.

At least, we all know prices won't be down forever. The next halving comes in 2024, so it's likely market prices will rise after that. If you buy BTC at cheap prices now, you'll be able to reap the benefits in the future. Who knows how far will the cryptocurrency go? Just my thoughts Grin

If you believe in bitcoin then you should raise your glass when bitcoin price hits 10k, I will do the same if bitcoin drops to 10k. Although many people will leave the market thinking that bitcoin is on the verge of death, sometimes the fear of others gives us an opportunity. If everyone has a strong belief in bitcoin and no one wants to sell their bitcoins then we won't have a chance to collect more bitcoins. The marketplace is a battlefield and it's inevitable.
The market needs to get rid of weak hands and needs to attract new investors, which is a sign of a stable and developed market.

If bitcoin is stable like gold, I don't think it will be good for bitcoin because people look for bitcoin for its profit, if bitcoin is stable, I will choose gold over bitcoin because gold is more widely recognized and popular.

KennyR

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Quote from: hugeblack on November 27, 2022, 11:53:20 AM

There is a general rule that says when the bad news increases, this means that the end of the bear market is near, and therefore as long as this news continues, we are about to end the bear market and thus approach the best point to enter and buy in large quantities (if we have not reached it) or in other words, the bottom.

Therefore, expectations for the bottom are either that we have reached what or we are very close.

In the past when bad news strikes the market, the same gets spread around in different ways with some exaggeration. This further leads to more other bad news and such scenario used to be a way to manipulate the market and keep it on the downturn. Finally at some point the Whales take advantage of the market. Now the better understanding keeps people away from such spreading which is the reason it is mentioned higher the bad news circulating, we're nearing the end of bear market.

jostorres

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Quote from: Captain Corporate on November 24, 2022, 03:00:43 PM

I think anything above 15k is a reasonable point from here on out. I mean it could be under 16k as well, and reach to like let's say 15.3k or whatever, those are looking like a possibility, but as long as it stays above 15k, under that and we are breaching under a psychological level, it could go as low as 10k and that's risky, like going to 15.3k is one thing, going to 11.7k is a whole another topic and would be quite a difficult handle as well. Hopefully, we will do a lot better in the long run and not even drop that low, just stay above 16 and then go to 20k and then to 30k and so forth and break the ATH price but I fear that's not going to happen anytime soon.

Every price must be at a reasonable point, why? Because I remember people said the same thing when the price was at $20k, $19k and $18k. A new dump level is only hard to accept at first but people can always get used to it soon. When the price dumps below $15k, it does not automatically mean that it will go straight to $10k but there are times that the dumping are going to stop and there will be a time for recovery so don't worry now.

Whatever the price will be, we should be matured enough to accept it and don't complain about. If the the price is low, just invest for more but if it pumps then sell. That should be the practice that everyone must do. There is no need for a drama.

DudeAtWork420

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In general BTC stay in a bear market and find its bottom next year of the bull season. Another indicator is when most of the people will say BTC is scam and many will thinking about quite the industry then BTC market find its bottom. I think another major event can crash the price to another 40% so that rest of the investors take a major shock and sell off their holding in panic.

hugeblack

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There is a general rule that says when the bad news increases, this means that the end of the bear market is near, and therefore as long as this news continues, we are about to end the bear market and thus approach the best point to enter and buy in large quantities (if we have not reached it) or in other words, the bottom.

Therefore, expectations for the bottom are either that we have reached what or we are very close.

Nrcewker

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I am expecting around 25k usd by the end of this year. If BTC anyhow manages to keep the pace and touch 30k usd by the end of this year, then definitely we might see something big next year. Else if Bitcoins keeps on crashing like this, then the situation will be very critical. Currently we shouldn’t consider any negative thoughts. It’s best to take advantage of the situation and buy as many coins as we can. Hope the price rises again soon, and we enjoy with great profits.

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Quote from: Kadal Ijo on November 27, 2022, 08:14:33 AM

We wait 2 or a maximum of 1 month whether the movement of Bitcoin will go up or down, I'm sure when the FTX issue ends, the investor can determine the attitude and enter the market again, speculation on social media says that bitcoin has the opportunity to drop below $ 15k, hopefully things This did not happen and we immediately saw the price of rising again.

1 month won't affect the bitcoin price and it will still be below $20k so it's not an increase anymore but bitcoin is still at the threshold price because it was influenced by the FTX issue which collapsed and this FUD still continues to affect some investors who are out of their investment zone in bitcoins.
Speculation on social media will never end and everyone keeps talking about bitcoin's price floor and hold if you believe in the future then do entry now it will be much better than waiting for an unclear price.

onecall123

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The market may bottom out or prepare for 10K based on how this month closes. I do not think that 10k~11k is a bad investment if you believe in the future of bitcoin. There is a lot of imbalance on the charts after the previous ATH rally, and that imbalance must be filled by FUDs and frauds this time.

Quote from: Kadal Ijo on November 27, 2022, 08:14:33 AM

We wait 2 or a maximum of 1 month whether the movement of Bitcoin will go up or down, I'm sure when the FTX issue ends, the investor can determine the attitude and enter the market again, speculation on social media says that bitcoin has the opportunity to drop below $ 15k, hopefully things This did not happen and we immediately saw the price of rising again.

The last news won't convince any institutions to buy crypto anytime soon or until regulations are put in place.

Kadal Ijo

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We wait 2 or a maximum of 1 month whether the movement of Bitcoin will go up or down, I'm sure when the FTX issue ends, the investor can determine the attitude and enter the market again, speculation on social media says that bitcoin has the opportunity to drop below $ 15k, hopefully things This did not happen and we immediately saw the price of rising again.

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