If Bitcoin drops to $8k - page 12. | Bitcointalksearch.org

BuNga_cute

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Quote from: Kasabus on May 31, 2022, 04:30:56 PM

Quote from: Zilon on May 28, 2022, 12:28:06 AM

Lets assume Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k if it hits $30k referencing the "[U.S. Federal Reserve] being restrictive.”, Currently bitcoin price is below $28k and from the look of things this speculation might and might not be accurate but what if bitcoin price falls to this very dip.

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to sell off all your bitcoin due to FUD.

I don't think i am going to sell part of my coins if ever bitcoin drops into $8k because we all know that when bitcoin price is dropping, majority of the coins are dropping too so its gonna be selling at a loss if i consider that. Instead, i will continue hodling all my coins and just spend some of my extra funds to buy more cheap bitcoin. That way, i know i will be hodling them all for profits, not for losses instead.

I will also do the same thing if it is true that the price of Bitcoin falls to the price of $8k, the best step is to hold the coins that we have.
Because it's a bad decision in my opinion if we sell the coins we have when the price is low, because our initial goal of investing in crypto is
to make a profit, not to suffer a loss. Moreover, we have invested in coins which are indeed good based on the results of the research and
analysis we have done. So we have to believe in the future of these coins and hold until the price goes up again.

In fact, I will buy more coins that I hold if I really believe that these coins have a bright future, by using the extra money I have.
Based on my experience in the crypto world, some altcoins can indeed recover and go higher if the Bitcoin price recovers.
So as long as we invest in the right coins, there is no need to panic when the price of the coins falls due to Bitcoin falling to $8k.

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Quote from: sklopan on May 31, 2022, 01:00:11 PM

Already read positive forecasts. If you believe such dynamics, then over time, investments in bitcoin will begin to increase again, which will entail an increase in the rate.

which dynamic are you emphasising on, breaking down the over time so that we can massively understand your area of concentration in a conversation, i read this severally but i couldn't comprehend exactly your point or what you are deriving at, in the syllables of cryptocurrency, during the dip season any one who purchase and allow to stay for long periods of time or hold for long time, will definitely make a mega profit.

Kasabus

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Quote from: Zilon on May 28, 2022, 12:28:06 AM

Lets assume Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k if it hits $30k referencing the "[U.S. Federal Reserve] being restrictive.”, Currently bitcoin price is below $28k and from the look of things this speculation might and might not be accurate but what if bitcoin price falls to this very dip.

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to sell off all your bitcoin due to FUD.

I don't think i am going to sell part of my coins if ever bitcoin drops into $8k because we all know that when bitcoin price is dropping, majority of the coins are dropping too so its gonna be selling at a loss if i consider that. Instead, i will continue hodling all my coins and just spend some of my extra funds to buy more cheap bitcoin. That way, i know i will be hodling them all for profits, not for losses instead.

sklopan

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Already read positive forecasts. If you believe such dynamics, then over time, investments in bitcoin will begin to increase again, which will entail an increase in the rate.

OrangeII

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most likely, I will buy bitcoins or convert my investment assets into bitcoins. I strongly believe that the bitcoin price will not last long in the $8k range. even when there is a big FUD, I'm pretty sure there will be a bounce after that and maybe the bitcoin price will return in no time to tens of thousands of dollars. the other thing is, even if the bitcoin price won't bounce instantly, I'll probably keep trying to collect bitcoins bit by bit. I'm pretty sure the price will be high if held for a long time.

AicecreaME

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Quote from: Zilon on May 28, 2022, 12:28:06 AM

Lets assume Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k if it hits $30k referencing the "[U.S. Federal Reserve] being restrictive.”, Currently bitcoin price is below $28k and from the look of things this speculation might and might not be accurate but what if bitcoin price falls to this very dip.

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to sell off all your bitcoin due to FUD.

I wouldn't sell anything just to buy Bitcoin's dip, I can use fiat from my bank account and buy the dip. I wouldn't sell either my Bitcoin just because of an FUD, it's not my first time experiencing bear market so I know what to do and what I don't wanna do. Buying the dip is the only to make profits in the long run without exerting so much effort on making technical analysis in futures, though I'm doing the same thing, buying the dip while scalping in futures.

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Quote from: tvplus006 on May 31, 2022, 05:02:03 AM

Quote from: Zilon on May 28, 2022, 12:28:06 AM

...I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to sell off all your bitcoin due to FUD.

If the price of bitcoin drops to this level, then most investors will expect a further decline in the price of BTC. At the same time, I do not exclude that holders will also sell their BTC, hoping to buy even more bitcoins later. And others will sell because they think that the market has come to an end.

Many investors will sell their Bitcoins when an initial downtrend is seen in the market. at least at $20k they will sell and estimate the best potential entry price.

but if such a big decline were to occur, it would be gradual. there will be corrections and improvements in the market. many investors can later be caught in a buying mistake before the price hits bottom.

justdimin

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Quote from: Awaklara on May 30, 2022, 09:24:52 AM

If the bitcoin price drops below $8k then I will be enthusiastic about taking advantage of this opportunity by buying more Bitcoin.I think there will be a lot of people who will do the same to take advantage of that opportunity if it happens, with a note depending on their financial capabilities. Before investing you also need to set a threshold of money you want to use. suppose you don't have to invest all your savings in crypto. As I said according to the financial capabilities of each individual and do not have to sell all the properties that you shouldn't have to do.

This is precisely why it will not be 8k at all. I would buy too, and the other person too, and the next one, we all would buy, meaning it can't be 8k if we all buy. There will be some super rich people who will put in insane amount of money as well and that will make it go super high. Just focus on where you can buy at the time and do not have "dreams" about buying even lower.

I would love to buy it at a lower price but I know that it won't be that low, there will be ton of people who will buy before me and make it higher before it reaches there. This is why I am buying right now, and any other time when the price goes down. That way I will profit in reality, instead of dream about 8k price.

bitcub

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I don't even know who is Guggenheim. Actually I am bearish with BTC, and if BTC drops to $10k or even $8k, I will buy it with 50x leverage. Well, I am not simply base my buy and sell conviction with any influencers, I also base it on technical analysis.

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Quote from: South Park on May 30, 2022, 08:52:05 PM

Quote from: Zilon on May 28, 2022, 12:28:06 AM

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to sell off all your bitcoin due to FUD.

Assuming this scenario actually came to happen I will still hold my coins even under those circumstances, however it is undeniable that a lot of people would have sold their coins for the price to go that low, however I doubt the price will reach those levels because that will mean the whales will let it crash so hard, something difficult for me to believe when they have invested so much fiat money in this market to the point it is cheaper for them to buy bitcoin to try to stabilize its price than to let it crash so hard.

That's really all the market is if you come to think about it actually

I know a lot of people still confuse price with value but at the end of the day, if price goes down, it's because more people are selling than buying. Order books eaten up just get lower and lower.

If price goes up, more people are buying. It's really that simple.

So there's no reason to think price can't crash until the only ones left are us, hodlers

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Quote from: Zilon on May 28, 2022, 12:28:06 AM

...I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to sell off all your bitcoin due to FUD.

If the price of bitcoin drops to this level, then most investors will expect a further decline in the price of BTC. At the same time, I do not exclude that holders will also sell their BTC, hoping to buy even more bitcoins later. And others will sell because they think that the market has come to an end.

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Quote from: LouVandetta on May 30, 2022, 09:43:18 PM

Quote from: Zilon on May 28, 2022, 12:28:06 AM

Lets assume Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k if it hits $30k referencing the "[U.S. Federal Reserve] being restrictive.”, Currently bitcoin price is below $28k and from the look of things this speculation might and might not be accurate but what if bitcoin price falls to this very dip.

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to sell off all your bitcoin due to FUD.

I'm not saying that is impossible or anything, it's possible. I can't even imagine what's gonna happen to alts if that's really happening, the price drops.
Whether to sell my bags or hold them, it all comes down at which scenario the price at that point. There's a chance that I might save all fiat when I see a sign of another bear market, but sometimes it's hard to tell when the bear market begins until it happens.

Well, that's probably because we've seen a lot in the crypto world. After bitcoin hit its highest price on ATH yesterday, the price has dropped drastically and that's already making a lot of people panic, especially if the price drops to $8k.
If that really happened, the people who invested in bitcoin would be very disappointed and leave bitcoin.
Altcoins are likely to fall drastically and there is a possibility that most of the altcoins that do not have strong support will disappear from the market.
To anticipate that, maybe we should prepare to have a stable coin so that we can buy it at the lowest price if the price really drops drastically.

LouVandetta

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Quote from: Zilon on May 28, 2022, 12:28:06 AM

Lets assume Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k if it hits $30k referencing the "[U.S. Federal Reserve] being restrictive.”, Currently bitcoin price is below $28k and from the look of things this speculation might and might not be accurate but what if bitcoin price falls to this very dip.

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to sell off all your bitcoin due to FUD.

I'm not saying that is impossible or anything, it's possible. I can't even imagine what's gonna happen to alts if that's really happening, the price drops.
Whether to sell my bags or hold them, it all comes down at which scenario the price at that point. There's a chance that I might save all fiat when I see a sign of another bear market, but sometimes it's hard to tell when the bear market begins until it happens.

South Park

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Quote from: Zilon on May 28, 2022, 12:28:06 AM

Lets assume Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k if it hits $30k referencing the "[U.S. Federal Reserve] being restrictive.”, Currently bitcoin price is below $28k and from the look of things this speculation might and might not be accurate but what if bitcoin price falls to this very dip.

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to sell off all your bitcoin due to FUD.

Assuming this scenario actually came to happen I will still hold my coins even under those circumstances, however it is undeniable that a lot of people would have sold their coins for the price to go that low, however I doubt the price will reach those levels because that will mean the whales will let it crash so hard, something difficult for me to believe when they have invested so much fiat money in this market to the point it is cheaper for them to buy bitcoin to try to stabilize its price than to let it crash so hard.

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Quote from: Zilon on May 28, 2022, 12:28:06 AM

Lets assume Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k if it hits $30k referencing the "[U.S. Federal Reserve] being restrictive.”, Currently bitcoin price is below $28k and from the look of things this speculation might and might not be accurate but what if bitcoin price falls to this very dip.

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to sell off all your bitcoin due to FUD.

This is a big challenge and I think there is no way Bitcoin will fall to $8k even if liquidity is removed from the market. I think op need to calculate the risk it will pose on the crypto market if Bitcoin falls to such price.

It means many of the crypto projects that are in the market now will vanish within short time because the chance for bitcoin to down to that level is slim. This can make the entire crypto market to crash having about 94l5% drop in price. I still don't see the possibility of Bitcoin going down to such level.

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Quote from: AakZaki on May 30, 2022, 05:28:52 PM

But other people's thoughts will certainly be different from yours. there are some people who might sell their car or part of their property to get into bitcoin if the bitcoin price crashes to $8k.
Even though bitcoin's volatility is high it won't deter them from buying cheap bitcoins.
It's very risky, but if you don't have any spare money, that's the last resort.
If you still have some spare cash or spear money left over for the event when bitcoin crashes, that's fine, so don't sell any property.

I've read some thread before which he sold his own house although it's not bearish time when that happened but who would want to sell something like personal property/asset in this bearish time? Plus even if they sell something today for example if the price is $8k the next bull run would happen in a year or more after that. Does someone really want to risk that much just for the profit?

That's why having a spare money to invest is recommended because you never know when will you needed that money in case of emergency.

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But other people's thoughts will certainly be different from yours. there are some people who might sell their car or part of their property to get into bitcoin if the bitcoin price crashes to $8k.
Even though bitcoin's volatility is high it won't deter them from buying cheap bitcoins.
It's very risky, but if you don't have any spare money, that's the last resort.
If you still have some spare cash or spear money left over for the event when bitcoin crashes, that's fine, so don't sell any property.

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Quote from: wiss19 on May 30, 2022, 01:41:21 PM

A rise of 30k is small based on the price that we see now so I don't believe on that speculation. For me for btc to fall down to 8k we need to reach a really high level like 80k and above because we know that after the pump, the dump then takes place.

The price might not exactly dump at 8k because it can be too low already but most of the times the decrease of the price can continue, like on what we are seeing these days. That can be the only way to reach 8k. Fed might be strict now but I think the price of the btc isn't only dependent on them. That is why I believe that there's always a chance for the btc to recover and increase at a whole another level.

People would normally be having these kind of reactions whenever we do have some 5% up kind or like of increase in a day or change then people would already presume that this would be the start of such recovery or start of u turn in the market.Look at on the current condition on which the price had stabilized once again but at least to those who had made out some shorter trades did eventually make out some gains
since its been a greed day for this moment but dont expect that it would push through on green long candles but well everything could happen since we know on how unpredictable this market is.
Its really hard to make out some conclusions since we know on how it do behaves.

sklopan

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To be honest, I would buy. I don’t know why, but there is a strong feeling that in the future the price will still be higher. For this reason, you need to be prepared.

wiss19

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A rise of 30k is small based on the price that we see now so I don't believe on that speculation. For me for btc to fall down to 8k we need to reach a really high level like 80k and above because we know that after the pump, the dump then takes place.

The price might not exactly dump at 8k because it can be too low already but most of the times the decrease of the price can continue, like on what we are seeing these days. That can be the only way to reach 8k. Fed might be strict now but I think the price of the btc isn't only dependent on them. That is why I believe that there's always a chance for the btc to recover and increase at a whole another level.

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