If Bitcoin drops to $8k - page 9. | Bitcointalksearch.org

martina14

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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.

In the first place, all speculations by each and everyone here in the forum don't have an accurate predictions about the price of bitcoin could be
in the future. Neither the expert one can't say it accurately, But if ever it drops to 8k$ each Bitcoin, I am surely will buy then hold it, even my money is small or big I will buy Bitcoin, just like that.

sklopan

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And who even believes in such a scenario? To be honest, I highly doubt such a scenario, because the situation is not at all similar to the fact that such a result can be obtained.

sumant

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I don't think that price of Bitcoin drops to 8k because more money and holding has gone into BTC to sustain good value. It is very difficult for bitcoin to go even below 15k. If it goes around 8k then we have a great chances to make a grand entry. Bitcoin has made impact all round the world and has a special place in crypto industry.Looking at its limited supply price is definitely going to increase in future. This question has not much to answer because it is very rare that price will down to 8k point

Oshosondy

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Quote from: Joshapat on June 07, 2022, 05:41:58 AM

Everything can happen, what we think is impossible to happen easily, as the price of Bitcoin in 2013 rose from under $ 100 and then skyrocketed to more than $ 1000, and vice versa the price of $ 1000 returned to under $ 100 in 2014, but the most important thing was We always get profit when prices go up or down.

I agree that bitcoin price got to $1200 in November 2013, but I do not see any data that indicates that bitcoin price falled below $100 in 2014, the price in 2014 did not even fall below $200 according to what I am checking here. But I understand what you are saying and you are right, bitcoin price is very volatile but also not fully right because bitcoin is less volatile than those periods, but that does not mean that bitcoin volatility is not massive again, it is very much massive, but not massive like before.

Joshapat

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Everything can happen, what we think is impossible to happen easily, as the price of Bitcoin in 2013 rose from under $ 100 and then skyrocketed to more than $ 1000, and vice versa the price of $ 1000 returned to under $ 100 in 2014, but the most important thing was We always get profit when prices go up or down.

Inspiron14

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Quote from: MommyElsa on June 06, 2022, 07:15:18 PM

If bitcoin reach that kind of price maybe a lot of btc investors will buy more bitcoin to secure their good profits when the price goes high once more

I don't think the price of Bitcoin will go down that far and maybe something serious will happen if it does go down to $8k,
Currently, the market condition is still bearish and of course we all hope that the bullish season will come soon

Oceat

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Quote from: MommyElsa on June 06, 2022, 07:15:18 PM

If bitcoin reach that kind of price maybe a lot of btc investors will buy more bitcoin to secure their good profits when the price goes high once more

And if that's going to happen then the price would pump probably and will stay at let's just say $20k because huge investors wouldn't mind to buy more if the price is cheap. That would secure their profit already in the future so if you see a price like that, what would you do? You don't just watch the price keep rising while you are wondering is it worth it to buy because we all know it's worth it to buy especially if the price dip that low. But in reality I don't think the price would ever go down to that level especially when the ATH was $60k.

MommyElsa

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If bitcoin reach that kind of price maybe a lot of btc investors will buy more bitcoin to secure their good profits when the price goes high once more

Oshosondy

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Quote from: Desscount on June 03, 2022, 03:00:21 PM

Bitcoin's strong support is at $26k I think, if $26k breaks then we'll see $20k,
what the OP said I think $8k is not really technical analysis, because Bitcoin never goes down that deep,
$15k to $20k maybe will be the bottom price of Bitcoin.

There could be a strong support at $26000, but the strong support we notice now is even higher than $26000 because bitcoin only got to that $26000 only once and it was like two months ago and has been seen a strong support at $27000 to $30000 ever since that time. But that does not mean bitcoin price can not decrease further but I believe the $3800 of 2019 and 2020 which was lowest bitcoin price after 2017 ATH may be the $19000 or $20000 of this time, but we are only guessing this though.

Ziskinberg

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Quote from: rozak on June 05, 2022, 12:20:53 PM

Quote from: GelatikKembar on June 05, 2022, 12:09:45 PM

I can say out loud!, Bitcoin will not go down to $8000!, the reason?,

if possible. and nothing is impossible in the crypto market. even if Bitcoin has to drop very deep.
if one of the biggest BTC holders lets go of their BTC, it would make the other holders think something bad. media coverage will be very bad for the growth of the crypto market. Then what happens is a state of panic. it's not impossible, but just for now, we see it as impossible.

We can't just simply ignore that thing, we can't really see what is inside their minds and plans. Panic selling has possibly started when weak hands listen and follow the FUD. This was the common issue that we found during the last bear season, many got crazy to sell their coins after seeing the market crash but this is not what we have seen and witnessed in the market. It is indeed people have been buying more to anticipate the coming halving making the market trend to still keep on high.

Mahanton

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Quote from: SirLancelot on June 05, 2022, 05:10:31 PM

Quote from: Rufsilf on June 05, 2022, 10:50:55 AM

It was the sentiment for many waiting for the bottom but in the end, they just miss the opportunity to buy in a cheap price. I don't even think about and foresee that the price of Bitcoin will drop below $20k, I have no feeling to see it back to a worse scenario again. Thus, if we have money in our pocket that is reserved for investment purposes, I recommend people as well to grab the opportunity now as this situation will never stay long.

It has been said to be risky when investing during the bear season but that seems not the best thinking we do, we instead consider this as another chance to start investing.

Maybe they are not serious? They only say it only to be in the trend because that is everyone is saying when the price is still not that low but of course majority of them are serious. There are also ones that are serious and looks forward for a real bottom but accidentally missed it because they are not available by the time it happens.

It's is okay to not think about the dump but you shouldn't be annoyed when you see lots of discussions pertaining to dips because it was the dips where you can make your fortune. This isn't a worst scenario but worst scenario is when you sell your coins only to suffer a loss. No one can tell the duration of the bear but it can last long like what we are experiencing now.

Expect the unexpected and this should really be your mindset whenever you are dealing into this market on which you cant really tell on what would happen next or what would be the price movement on the next day or months or years to come and since its unpredictable from the beginning then there's no way that you could able to identify out or having those precise predictions.If bitcoin drops to 8k then some would be in panic
but there are people whom do see this as an opportunity to buy cheap coins and waiting for some recovery even though its not an assurance thing to happen but we know that there's always a probability
yet we know the potential but anything could really happen along the way thats why its smart to make yourself prepared.

SirLancelot

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Quote from: Rufsilf on June 05, 2022, 10:50:55 AM

It was the sentiment for many waiting for the bottom but in the end, they just miss the opportunity to buy in a cheap price. I don't even think about and foresee that the price of Bitcoin will drop below $20k, I have no feeling to see it back to a worse scenario again. Thus, if we have money in our pocket that is reserved for investment purposes, I recommend people as well to grab the opportunity now as this situation will never stay long.

It has been said to be risky when investing during the bear season but that seems not the best thinking we do, we instead consider this as another chance to start investing.

Maybe they are not serious? They only say it only to be in the trend because that is everyone is saying when the price is still not that low but of course majority of them are serious. There are also ones that are serious and looks forward for a real bottom but accidentally missed it because they are not available by the time it happens.

It's is okay to not think about the dump but you shouldn't be annoyed when you see lots of discussions pertaining to dips because it was the dips where you can make your fortune. This isn't a worst scenario but worst scenario is when you sell your coins only to suffer a loss. No one can tell the duration of the bear but it can last long like what we are experiencing now.

rozak

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Quote from: GelatikKembar on June 05, 2022, 12:09:45 PM

I can say out loud!, Bitcoin will not go down to $8000!, the reason?,

if possible. and nothing is impossible in the crypto market. even if Bitcoin has to drop very deep.
if one of the biggest BTC holders lets go of their BTC, it would make the other holders think something bad. media coverage will be very bad for the growth of the crypto market. Then what happens is a state of panic. it's not impossible, but just for now, we see it as impossible.

GelatikKembar

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I can say out loud!, Bitcoin will not go down to $8000!, the reason?,
because Bitcoin is not an instrument that is only controlled by a few people,
and currently the number of Bitcoin Holders has reached more than 40 million,
of course there is no need to worry about the price $8000 is bullshit

Rufsilf

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Quote from: eaLiTy on June 05, 2022, 08:38:17 AM

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

Investment is about taking a portion of your saving and not taking a loan or selling off property hoping that you could make a fortune in a short period of time.

It is highly unlikely that we would see a value below $10k and if I get the opportunity I would grab them.

It was the sentiment for many waiting for the bottom but in the end, they just miss the opportunity to buy in a cheap price. I don't even think about and foresee that the price of Bitcoin will drop below $20k, I have no feeling to see it back to a worse scenario again. Thus, if we have money in our pocket that is reserved for investment purposes, I recommend people as well to grab the opportunity now as this situation will never stay long.

It has been said to be risky when investing during the bear season but that seems not the best thinking we do, we instead consider this as another chance to start investing.

eaLiTy

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

Investment is about taking a portion of your saving and not taking a loan or selling off property hoping that you could make a fortune in a short period of time.

It is highly unlikely that we would see a value below $10k and if I get the opportunity I would grab them.

alterra57

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It won't. We have layered bids starting at 21k all the way down to 15k.

Alisha-k

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Quote from: sklopan on June 05, 2022, 06:15:19 AM

I would definitely take it. I think that in the near future the price will be higher, so when buying at this price, the benefit can be quite noticeable.

I will gladly sell many valuable to gamble them on Bitcoin which i will term my sure odds. I have seen different investment advice that warns investors from investing borrowed money or an amount one can't afford to lose but if the price ever gets here even for 2 hours i will make sure it doesn't correct without a quality buy

sklopan

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I would definitely take it. I think that in the near future the price will be higher, so when buying at this price, the benefit can be quite noticeable.

iv4n

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Quote from: Despairo on May 28, 2022, 05:41:44 AM

Are you really believing this dumb person? not any single his prediction is correct lol.

Quote from: https://www.coindesk.com/markets/2022/05/24/guggenheims-minerd-says-bitcoin-will-drop-to-8k-we-checked-his-record/

December 2020
   Minerd said bitcoin "should be worth around $400,000."
   Bitcoin's price: about $20,000.

February 2021
   Minerd said bitcoin could go to $400,000 to $600,000
   Bitcoin's price: about $40,000.

June 2021
   Minerd told CNBC that bitcoin could bottom out at $10,000 to $15,000 in its latest swoon.
   Bitcoin's price: about $35,500.

October 2021
   Minerd said he was no longer invested in bitcoin.
   Bitcoin's price: around $63,000.

May 23, 2022
   Minerd told CNBC bitcoin could fall to $8,000.
   Bitcoin's price: around $29,000.

This was from your article, the reason why he predict Bitcoin will fall to $8K is because he's no longer invest in Bitcoin anymore and want to create stupid prediction to make a panic on the market, obviously this can be his advantages to buy Bitcoin since he may likely sold around $30K-$40K. Look at his prediction on June 2021, why Bitcoin price was increase and not dump? answer this question.

He is just another "crypto expert"! There's no answer to your question, what he is doing is making some blind predictions based on his feeling only! He is loud so he got some followers, but if they really followed his signs I guess they are at loss for sure!

At least he predicted $8k, he didn't say Bitcoin will die like many others did, so many times... that is probably his next prediction! Anyway, I doubt that will happen, and people should try to choose whom to follow more carefully!

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