If Bitcoin drops to $8k - page 4. | Bitcointalksearch.org

yohananaomi

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Quote from: judaspriest on June 20, 2022, 09:21:42 AM

are you sure about $8000? Don't let us miss the next bullish season,
because according to experienced traders this is the right time to buy Bitcoin and altcoins,
and don't wait for $8000 because it will definitely never go back there again, believe me!

if you look at the past, indeed since 2018-2020 bitcoin has decreased below $ 8K but will this year also happen? I don't think I'll see that, even if the signs of a decline continue and of course it will only be around $10K and not until it's going down to $8K.
Of course, you are right, my friend, if there is a decline like this, it is the right time to increase your bitcoin and altcoin investment, of course.

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Quote from: Crytpo-Guy on June 28, 2022, 01:03:16 AM

The possibility of Bitcoin drop to $8k all the way from $69k is very low, we know Bitcoin is the world's leading cryptocurrency so by that it has a very high volatility, each time it drops, people gets panics and sells off there BTC, when it rises again dey buy at loss prices which isn't suppose to be so but those who understands crypto and have studied Bitcoin knows no matter how it falls, it'll rise again, it fell from $69k and to $19k, and people are taking advantage of every Single move of it, imagine those who short BTC from $69k to $20k how much profit they'll be on. I'm not saying there's no possibility of it hitting $8k but if it does then it's going to $0 gradually and there's a very strong support at $0 which will skyrocket it upwards. One thing I know is certain. One-day, sometimes Bitcoin will be at $100k+ and we'll still say it's in deep, so as you're holding, also be making profits from the day trade

Bitcoin have dipped in the past months and will continue to dipped because of the high volatility in the market. Bitcoin have breaken all the support and resistance in the structure of technical analysis, experts loses their money in the rapid bearish movement of Bitcoin and some have even withdrawn their money from Bitcoin. In early this month, Bitcoin hits it's ATL price which ranked to $17,588 but presently today it's has climbed to $20k. For Bitcoin to dip to $17k, there's every possiblity that it will still hits $8k in less than no time. We will still be keeping our eyes on Bitcoin as others have a very mindset that it would run down to a $0 while others hope before the end of the year, it would shoots up to a long run of $100k. This space is unpredictable because of the constant bull and bear Market, we are experiencing everytime.

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The possibility of Bitcoin drop to $8k all the way from $69k is very low, we know Bitcoin is the world's leading cryptocurrency so by that it has a very high volatility, each time it drops, people gets panics and sells off there BTC, when it rises again dey buy at loss prices which isn't suppose to be so but those who understands crypto and have studied Bitcoin knows no matter how it falls, it'll rise again, it fell from $69k and to $19k, and people are taking advantage of every Single move of it, imagine those who short BTC from $69k to $20k how much profit they'll be on. I'm not saying there's no possibility of it hitting $8k but if it does then it's going to $0 gradually and there's a very strong support at $0 which will skyrocket it upwards. One thing I know is certain. One-day, sometimes Bitcoin will be at $100k+ and we'll still say it's in deep, so as you're holding, also be making profits from the day trade

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Quote from: 2stout on June 26, 2022, 07:40:08 PM

If Bitcoin drops to $8k, best believe everyone and their moms will be lined up. The demand would be insane; however, I would be you a large amount of sats these institutions that hate on and talk shit about bitcoin will be at the front of the line.

I don't know whether Bitcoin will drop to $8k or not but if we talk for now the price is still around $20k,
clearly we need to take advantage of this opportunity to buy gradually and don't have to wait for the price at $8k

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If Bitcoin drops to $8k, best believe everyone and their moms will be lined up. The demand would be insane; however, I would be you a large amount of sats these institutions that hate on and talk shit about bitcoin will be at the front of the line.

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Quote from: sulendra12 on June 23, 2022, 03:28:07 PM

People will say "Bitcoin is dead, Bitcoin has no future anymore and etc etc". People will definitely use these phrases just to bait people to sell more and make people panic because of these words. If you are brave enough, I would prefer to just buy it when it would ever hit $8k and check if it's a good price to stay on, otherwise I would wait more if the price would ever continuously dipping.

Definitely, haters will likely give gas and oil to make this burn at all. The FUD will be spreading all ver the world. Saying Bitcoin is a scam, Bitcoin is worthless, Bitcoin is dead, and many others. And people who are influenced by the FUD will always panic, and sell their Bitcoin off at that very dropped price. Whereas, we have ever experienced this in the previous bearish era. ANd the fact is that Bitcoin can still survive and rise up again, passing new ATH and gohigher again.

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as the price is at 20,000$ and I don't see it going up that means that we are in a danger zone, so we have to wait for the price to break 22,000$ and go back to 30,000$ or it drops a lot and breaks the 17,000$ and with that it creates a big panic sale that will take us below 8000$, knowing that there is this ukraine figure, there are sanctions that are leading the world into an economic crisis, so we cannot wait for the price to recover so early, I personally would only buy if the price drops too much

Quote from: topman21 on June 26, 2022, 01:05:52 PM

But I’m sure Bitcoin will never come within $8k.

until months ago many people said that the price would never go back below 20.000$, well the price drops to 17000$, so it is not impossible to go back to 8000$

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Quote from: Zilon on May 28, 2022, 01:28:06 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.

Whenever Bitcoin went from $30k to $20k many people thought that Bitcoin would be dumping a lot more.Then we became very nervous about Bitcoin.Then I saw Bitcoin cross $20k and stay within $17k. Then all the investors fell into a lot of thought consciousness.Then we were reminded of the $8k that Bitcoin would soon be in the $8k range.But Bitcoin goes from hundreds of thousands of dollars to $20k and is currently hovering between $21k If Bitcoin comes in at $8k then of course I will buy Bitcoin and invest it for a long time.But I’m sure Bitcoin will never come within $8k.

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Quote from: ptk1 on June 26, 2022, 12:02:29 PM

I think never will come $8k because of market cap. I think floor price of bitcoin is $18k. If break this lavel it will happen for only few moments. Never will stay for long time. And it will recover within short time. And i also think end of this year bitcoin will move strongly and it will touch new ATH. And i am waiting for that.

Not 18k. floor price is $17,500. I still don’t think that’s the lowest price. And it will never go down bellow 17.5k. The market is still at risk. So the market may dump again. This is not unusual. So I'm still afraid to invest in cryptocurrency in this situation. But no matter how low the market goes, it doesn't look like it will be $8k

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Quote from: Zilon on May 28, 2022, 01:28:06 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.

Anything is possible at any time in the crypto market. Researching the crypto market over the years has given me some idea that the price of bitcoin can be as low as 10,000. At this time the opportunity to buy bitcoin will be created.

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I think never will come $8k because of market cap. I think floor price of bitcoin is $18k. If break this lavel it will happen for only few moments. Never will stay for long time. And it will recover within short time. And i also think end of this year bitcoin will move strongly and it will touch new ATH. And i am waiting for that.

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I'm not likely to sell anything, but I might get a second job though. Who needs to go have lunch out when you can grab 1/100th of a Bitcoin for 80 bucks? lol
Let's say I am spending $80 for a dinner out while BTC is at $8k --> that's the equivalent of spending $1,000 for a dinner when Bitcoin gets to $100k, not even mentioning $10k when it hits $1M. This is called the cost of opportunity.

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Quote from: Altryist on June 25, 2022, 02:11:32 PM

Quote from: sulendra12 on June 23, 2022, 03:28:07 PM

People will say "Bitcoin is dead, Bitcoin has no future anymore and etc etc". People will definitely use these phrases just to bait people to sell more and make people panic because of these words. If you are brave enough, I would prefer to just buy it when it would ever hit $8k and check if it's a good price to stay on, otherwise I would wait more if the price would ever continuously dipping.

If bitcoin reaches such a low price, then the psychological moment will turn on and people will simply be afraid to buy anything. At such moments, the maximum fear is turned on and people will simply watch without any action. Of course there will be a small percentage of people who will buy and they will, but the laws of large numbers always work the same way.

There are people who will take advantage of this momentum, experienced traders who knows what's the value of long-term investment, even it will take some time as long as they know that the market will soon be bounce back and give them the profits that they desire to have. We don't know if how low the value will go but if you have spare and you can buy little by little, just hold and wait for the market to bounce and let you earn decently.

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Quote from: sulendra12 on June 23, 2022, 03:28:07 PM

People will say "Bitcoin is dead, Bitcoin has no future anymore and etc etc". People will definitely use these phrases just to bait people to sell more and make people panic because of these words. If you are brave enough, I would prefer to just buy it when it would ever hit $8k and check if it's a good price to stay on, otherwise I would wait more if the price would ever continuously dipping.

If bitcoin reaches such a low price, then the psychological moment will turn on and people will simply be afraid to buy anything. At such moments, the maximum fear is turned on and people will simply watch without any action. Of course there will be a small percentage of people who will buy and they will, but the laws of large numbers always work the same way.

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Quote from: ScamViruS on June 25, 2022, 11:48:15 AM

You will also find people who were crazy to buy when Bitcoin was at ATH. But now that the market is giving them a chance to buy at a lower price, they are waiting to buy at a lower price. They don't really want to know about Bitcoin and they don't want to think about the bright future of Bitcoin.

You never know where is the top and where is the bottom. The best course of action is DCA. Whenever you have money for shopping buy bitcoin. Accumulate as much as possible without worrying about the price. But if the price drops significantly then push your buying habit and rest of the time just practice the regular buying habit.

For example, a bitcoin nerd would still buy bitcoin when the price was $60K up but not pushing it hard, over $100k is fine or even more does not matter. But when price dropped to $40k, he will push a little hard to buy more than usually he does. When price is dropping more and at this stage when its under $22k he gives his best. However when price drops further he collects more money (however it's possible) and buy even more! Always have a spreadsheet to know your average price. After few years when you think you have enough of it and the price is obviously above your average price, enjoy your vacation. Life is very simple.

Depositing money in the bank is not going to make your rich, the inflation rate will eat up your gains.

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Quote from: Freelancersumon on June 23, 2022, 03:09:25 PM

I agree with you. Because the whole world has seen the destruction of a big coin a few days ago. For that, many will sell emotionally to reduce the price of bitcoin. And all of people say that them bitcoin has no future. But i will say bitcoin is the next Economically weapons.

You will also find people who were crazy to buy when Bitcoin was at ATH. But now that the market is giving them a chance to buy at a lower price, they are waiting to buy at a lower price. They don't really want to know about Bitcoin and they don't want to think about the bright future of Bitcoin. The market is free, so traders activity here will decide the next trend in the market. That's normal. I believe that the day will come when it will not be possible for ordinary people to buy a whole bitcoin. So only those who are patient and confident about his vision can succeed.

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Quote from: sulendra12 on June 23, 2022, 03:28:07 PM

Quote from: Freelancersumon on June 23, 2022, 03:09:25 PM

And all of people say that them bitcoin has no future. But i will say bitcoin is the next Economically weapons.

People will say "Bitcoin is dead, Bitcoin has no future anymore and etc etc". People will definitely use these phrases just to bait people to sell more and make people panic because of these words. If you are brave enough, I would prefer to just buy it when it would ever hit $8k and check if it's a good price to stay on, otherwise I would wait more if the price would ever continuously dipping.

In fact, for some people, this is the state of Bitcoin today. Those who have no confidence in this bitcoin. They do these things. There are some people who want the price of Bitcoin to go down. Then they can buy them at a lower price and hold them. But people do not understand that hold is gold. Some large traders will associate Bitcoin with their company as they wish. Again when it is time to sell them they will say we are shutting down bitcoin from our company.And I want to say that if you want to get something good, brother, if you hold it, you will get something good.

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Quote from: sulendra12 on June 23, 2022, 03:28:07 PM

Quote from: Freelancersumon on June 23, 2022, 03:09:25 PM

And all of people say that them bitcoin has no future. But i will say bitcoin is the next Economically weapons.

People will say "Bitcoin is dead, Bitcoin has no future anymore and etc etc". People will definitely use these phrases just to bait people to sell more and make people panic because of these words. If you are brave enough, I would prefer to just buy it when it would ever hit $8k and check if it's a good price to stay on, otherwise I would wait more if the price would ever continuously dipping.

Expect those lines whenever we do hit bear market on which there are ones who do really say those negativities around and on the time that bitcoin do able to climb or recover once again then those negative words would turn into

positive ones which is really a very common behavior or reaction that you could really see into this market or simply being that situational thats why you should really get used to those words and sentiments.One thing is important is

that you should really make yourself get prepared on any possible situations that might be faced up ahead since you wont know on what would be happening on next minute/hour/day/week or month.

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Quote from: Freelancersumon on June 23, 2022, 03:09:25 PM

And all of people say that them bitcoin has no future. But i will say bitcoin is the next Economically weapons.

People will say "Bitcoin is dead, Bitcoin has no future anymore and etc etc". People will definitely use these phrases just to bait people to sell more and make people panic because of these words. If you are brave enough, I would prefer to just buy it when it would ever hit $8k and check if it's a good price to stay on, otherwise I would wait more if the price would ever continuously dipping.

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I agree with you. Because the whole world has seen the destruction of a big coin a few days ago. For that, many will sell emotionally to reduce the price of bitcoin. And all of people say that them bitcoin has no future. But i will say bitcoin is the next Economically weapons.

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