The market is back at $16k recently which I hope stays, but either way, DCA is your friend at this time, I see no need to wait till the bottom to invest, pretty sure most would call this period of time in general the bottom for the market anyway.
The resistance at $16000 has been very strong, it went down to $15400 last weekend but increased back to $16500 during the weekdays, above $15000 has been the bottom for now and not going further down. Bitcoin price could surprise people during sharp and rapid fall, but I guess this may not happen this time until after the next bull market. Even if anything happens that further declines bitcoin price, the fall is not going to be much, buying bitcoin right now will not be a regret in few years to come. 
Topic: How low will BTC's market price go? - page 5. (Read 1005 times)
I reckon it can still go below, FTX was unexpected really I expected we bottomed out with the $16k in October but we still went below that, and the FTX issue seems to still be in effect, so maybe around $13, $14k? Wouldn't expect it to go below $10k though. We'd probably need a piece of bigger news than FTX if Bitcoin ever wants to go below $10k. The market is back at $16k recently which I hope stays, but either way, DCA is your friend at this time, I see no need to wait till the bottom to invest, pretty sure most would call this period of time in general the bottom for the market anyway.
I also think so because I see this FTX case is not finished yet and there may still be a continuation and if it is bad news, it will likely impact bitcoin.We have to be prepared for whatever is going to happen in the future and if that means the price of bitcoin will drop again, we can prepare some money to buy at a low price.
But I'm not sure if the bitcoin price will go back below $10k because that could create huge chaos in the market and people will panic more than before.
The important thing is that we know what to do if the market moves later so we can take advantage of it ourselves.
I reckon it can still go below, FTX was unexpected really I expected we bottomed out with the $16k in October but we still went below that, and the FTX issue seems to still be in effect, so maybe around $13, $14k? Wouldn't expect it to go below $10k though. We'd probably need a piece of bigger news than FTX if Bitcoin ever wants to go below $10k. The market is back at $16k recently which I hope stays, but either way, DCA is your friend at this time, I see no need to wait till the bottom to invest, pretty sure most would call this period of time in general the bottom for the market anyway.
I always believe a strong hand will be willing to be a holder for a longer period of time.
In fact I really believe they are not going to lose faith in bitcoin just because the Luna and FTX cases have had an impact on the bitcoin price.
For them bitcoin remains potentially more expensive in the long term and as you said, they will sell in the next ATH cycle and take huge profits.
It's up to them whether now many people have lost faith in bitcoin or not but I would have no doubt that bitcoin has a better future especially as the impact of the market will soon lessen over time. Buy bitcoin now and hold it is a better thought than just watching.
Luna and FTX cases are not the biggest cases in the history of cryptocurrency but many other big cases have been resolved because community trust in crypto will never decrease, but for the recovery process from big cases it takes time because hacking cases of exchange wallets can worsen crypto prices unless assets are frozen and any transactions from that wallet will not accept deposits to any exchange. However, many people do not take advantage of Bitcoin's very low price to invest and they will regret it if the price level increases significantly in the following year. In fact I really believe they are not going to lose faith in bitcoin just because the Luna and FTX cases have had an impact on the bitcoin price.
For them bitcoin remains potentially more expensive in the long term and as you said, they will sell in the next ATH cycle and take huge profits.
It's up to them whether now many people have lost faith in bitcoin or not but I would have no doubt that bitcoin has a better future especially as the impact of the market will soon lessen over time. Buy bitcoin now and hold it is a better thought than just watching.
It is unlikely that early investors would lose faith in bitcoin if it suddenly became worth $5,000-7,000. Bitcoin in the last cycle fell to $3,100 and was also considered to be the end of the bitcoin era. Extremely low prices only deter market tourists and investors with little conviction. Diamond hands, it seems to me, will hold on to the last, and then sell their bitcoins to the general public at the next ATH.
I always believe a strong hand will be willing to be a holder for a longer period of time.In fact I really believe they are not going to lose faith in bitcoin just because the Luna and FTX cases have had an impact on the bitcoin price.
For them bitcoin remains potentially more expensive in the long term and as you said, they will sell in the next ATH cycle and take huge profits.
It's up to them whether now many people have lost faith in bitcoin or not but I would have no doubt that bitcoin has a better future especially as the impact of the market will soon lessen over time. Buy bitcoin now and hold it is a better thought than just watching.
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.
It is a good strategy to constantly buy and accumulate bitcoin, no matter what price you buy it at. It's probably the best investment at the moment, especially when you can buy at a low price like now. Few people realise that the lower the price falls, the more you can buy so that you can sell for much more in the next cycle. So guessing the bottom doesn't make sense. It is better to think about buying as much as possible. 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.
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.
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 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.
No price causes any toast condition imo because not every price is valid or equal in volume. There is no need to expect significance at every price level, its quite correct to say some prices are not valid despite being traded between two parties openly and honestly the wider market did not have to respect that level. It can occur on a high price and be some warning to sell in that peak prices are highly unstable and also the very lowest prices can be born out of fear and rapid trading that is not considered by the entire global market.
BTC is quite unusual in that its not focused entirely in any city, state or nation not even a hemisphere; we need an entire globe turn in a daily bar to really say this is a valid price seen and available to be traded by all. Even then I class weekend and weekday prices differently, alot more confirmation is required and, in the gaps, erratic prices can occur. Thats why my estimates for boundaries or the range of BTC possible in trades might appear more negative or extreme then others as Im just reflecting this price volatility that comes with decentralization.
BTC is quite unusual in that its not focused entirely in any city, state or nation not even a hemisphere; we need an entire globe turn in a daily bar to really say this is a valid price seen and available to be traded by all. Even then I class weekend and weekday prices differently, alot more confirmation is required and, in the gaps, erratic prices can occur. Thats why my estimates for boundaries or the range of BTC possible in trades might appear more negative or extreme then others as Im just reflecting this price volatility that comes with decentralization.
The price of Bitcoin cannot be determined in any means, because the price of Bitcoin can be classified as spherical shape, so i believe that Bitcoin have its regulatory system that do occur during the investment of cryptocurrency, because i believe that the only way the Bitcoin can be measured is through when the investors is being lined up into the investment of cryptocurrency, because i believe that cryptocurrency itself regulate the price, since this year we have been experiencing different kinds of it's price which i think that what caused is the investors.
My forecast is unchanged from last year, I believe that the very bottom of bitcoin is at around $10,000. Firstly, these are the same 85% loss of value after ATH (this is how much bitcoin lost in the past bear markets of 2014 and 2018-2019). Secondly, in 2020, it was from the $10 000 mark (approximately) that the ascent of bitcoin began, the global bullrun began after a long recovery and accumulation. The bottom at around $15 500 does not seem to me the final point of this crypto winter, perhaps we will see the finale of this epic in 2023, not earlier, and at much lower price levels.
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
Yes, $10k could be the bottom price for this bear market. $17k proved to be wrong, when others say that it will be the bottom. Now at 15k, still a lot of room for us till next year, if there will be as big as the FTX scandal or similar to Terra Luna collapse.
And one thing we learn here is that everything is possible, I mean if we can go up to 6 digits in the next bull run, we might as well see the bottom price around $10k so really appreciate how big the next bull run is.
And one thing we learn here is that everything is possible, I mean if we can go up to 6 digits in the next bull run, we might as well see the bottom price around $10k so really appreciate how big the next bull run is.
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.
This is honestly not a good year for cryptocurrency. Those incidents you listed above contributed in dragging bitcoin price too low and it also prevented some in-between or semi bull runs that happens along a long bear. This has prolonged this bear market, it might really be the longest bull in the cryptocurrency industry if we have to wait till the second quarter of 2024 to see a maximum bull run.
Saying about how low bitcoin will go, I can say that no one actually knows how dip bitcoin price will go. It could stop at 15k, it could also go to 10k or somewhere 5k. All is possible that is why my intentions and permutations does not really bother much on how low bitcoin will go, but rather how much I can be able to buy with DCA at every price drop.
Saying about how low bitcoin will go, I can say that no one actually knows how dip bitcoin price will go. It could stop at 15k, it could also go to 10k or somewhere 5k. All is possible that is why my intentions and permutations does not really bother much on how low bitcoin will go, but rather how much I can be able to buy with DCA at every price drop.
I'd say it highly depends on what sort of domino effect FTX has had on other Bitcoin related businesses. We might also see other businesses in the Altcoin scene go down due to the Altcoins tanking. People lose faith much more easily in Altcoins than Bitcoin.
On the last point, it is clear that it will be the main strength bitcoin has always hoped for during this bear market. People aren't losing faith in their bitcoins any more than they are in altcoin, but perhaps most of them prefer to wait for the best momentum to buy at a lower price.What would be your predictions? Your input will be greatly appreciated. Thank you. 
Some would say $10K - $12K as the low in the bitcoin price, but this analysis will not be entirely correct if bitcoin gains more strength and confidence in the next year. The problem now is that people are worried about FTX impacting the bitcoin price more, but actually cycles like this are going to happen regardless of what the issue is now. 
The Russian-Ukrainian war, the collapse of Luna and FTX are a series of problems that have occurred during this time so that they can be the reasons that affect market prices are unavoidable.
$15,682.69 is the lowest price that occurred on November 9, 2022, we can say that the price is the lowest price at this time although some time in the future the price could be below it again. For speculation on the lowest price in the future because there is an assumption that there will be problems again, I can't answer for sure what it will be like later.
$15,682.69 is the lowest price that occurred on November 9, 2022, we can say that the price is the lowest price at this time although some time in the future the price could be below it again. For speculation on the lowest price in the future because there is an assumption that there will be problems again, I can't answer for sure what it will be like later.
What would be your predictions? Your input will be greatly appreciated. Thank you.
My forecast is unchanged from last year, I believe that the very bottom of bitcoin is at around $10,000. Firstly, these are the same 85% loss of value after ATH (this is how much bitcoin lost in the past bear markets of 2014 and 2018-2019). Secondly, in 2020, it was from the $10 000 mark (approximately) that the ascent of bitcoin began, the global bullrun began after a long recovery and accumulation. The bottom at around $15 500 does not seem to me the final point of this crypto winter, perhaps we will see the finale of this epic in 2023, not earlier, and at much lower price levels.
The bottom is usually what ever price a top of the line miner does at six cent power.
so s19 xp does 141 th that is 141 x 0.0582 = $8.21
it burns 3100x24= 75kwatts
that is $4.50 for power add $1 for overhead
$5.50 daily cost
8.21- 5.50= $2.71 daily profit for a machine that costs over 4000
So miners are hurting but if they own the gear outright they are not in trouble.
So we are not at a bottom with current diff and current price.
I see 10-11 as very likely based on breakeven numbers for the s19 xp
now if you want to argue do not use the s19 xp
use the s19 pro
you get 110 x 0.05829 = 6.41-5.50 or $0.91
which means current price is close and 15.7 was spot on.
last factor is how many big companies took loans on the gear to get it.
that means bottom is very likely in.
Thats the mining side of it.
Should be very interesting 6-9 months.
Dca is your friend.
What would be your predictions? Your input will be greatly appreciated. Thank you.
I think that this board already has several threads dealing with the same question, so I wonder if we need another one?
We can speculate and guess as much as we want, but the only truth is that the only true bottom is the moment when the BTC price would touch 0, which of course will not happen. All that is happening is the result of human stupidity, starting with the fact that millions believed Mr. Mars, and then Kwon, and finally Bankman and various fairy tale sellers who promoted them with all the bells and whistles.
The only hope that everyone can have is in the halving, which means that realistically before the second half of 2024, I personally do not hope that there can be any major positive changes. What I am more sure of is that some new world-class scammer will appear in that period and will catch millions in his net - but if someone has the mentality of a sheep, nothing can save him, that's a fact.
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.
I don't own crystal ball so I don't know how low BTC will go, but even though I don't know, it doesn't make me to not accumulate Bitcoin right now!
I believe Bitcoin price might hit the lowest at $15K on few days ago, Bitcoin might go lower in the next year, but if you start to accumulate Bitcoin you will minimize the risk of high volatility and will enjoy the big return when the market goes bullish. Bitcoin will recover, so I don't scared with Bitcoin price is still continue to drop until next year.
I believe Bitcoin price might hit the lowest at $15K on few days ago, Bitcoin might go lower in the next year, but if you start to accumulate Bitcoin you will minimize the risk of high volatility and will enjoy the big return when the market goes bullish. Bitcoin will recover, so I don't scared with Bitcoin price is still continue to drop until next year.
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