if you think 18k btc is low wait until autumn ... - page 7.

bakasabo

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Quote from: Poker Player on June 21, 2022, 05:23:45 AM

The OP sounds like a troll but it makes some sense because the return of summer has not been very good historically for the markets, with some crashes having occurred in October.

Although all these apocalyptic predictions make it seem like we have hit the ground, much like last year when we were in the $60-70K range, it looked like we were going to hit $0.5M in the blink of an eye.

I think he is just a troll. Because he is giving a forecast that is based on something that has no logic. Whales moved money, people invested a lot. That is why Bitcoin price gonna fall down 20-40 times ? Why not fall 100 times ? Or why not reach the price of $9876,54 ? OP is just giving random number mixed with random reason. Looking through his posts, it seems that he does not understand why something virtual can have same cost as something physical. I think he just does not understand how supply and demand work.

justdimin

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Quote from: monineklutak on June 20, 2022, 03:28:27 AM

Quote from: blockman on June 19, 2022, 07:22:07 PM

Every time bitcoin falls too much, there will always be those expectations that it's going to be the end of it. Let's just stop thinking that when the bear comes or when a correction gets in, it's the end of bitcoin. It won't end and have been told to be dead so many times and it ain't dead and it won't be. It's here to stay and no matter how low it can be, there will always be takers that would want to have those cheap bitcoins that have been sold in the market. That's the reason why remove it on your minds about bitcoin being dead.

This kind of condition is actually still in the normal stage and when compared to 2018 of course at that time it was much worse,
so as you said its better not to worry too much and think this is the end of Bitcoin,
I'm sure it's only a matter of time and stay patient waiting for the bull market

2018 was basically the worst of any crypto period ever. Maybe on early days there could have been a bigger fall I do not know, but that wasn't just about the fall. There was literally hopes lost in people when it first happened and that's the biggest trouble. Just realize that what we are doing right now is much better because there are people with hope all around the world, back then it was literally hopeless situation.

It took us years to get back because it took us years to trust that we could earn some more, and that is why we need to realize that it's not going to be that simple, it's going to take a long time to get back to a good price, but won't take as long as 2018 did.

Poker Player

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The OP sounds like a troll but it makes some sense because the return of summer has not been very good historically for the markets, with some crashes having occurred in October.

Although all these apocalyptic predictions make it seem like we have hit the ground, much like last year when we were in the $60-70K range, it looked like we were going to hit $0.5M in the blink of an eye.

crwth

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Here comes all the negativity with BTC. That's just sad that it's going to happen, but everything is a cycle, you know. That will be the challenge with whatever we are going on too. I hope that everyone involved with it doesn't get discouraged about being part of the cryptocurrency community. It's still best to know what you will do and when times are like this. It's best to have coins to purchase more coins. Buy more at a discount.

Leviathan.007

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Recently I see many topics from people where they say this price is the bottom and we will not any lower prices, they believe the 18K was the key support area, and its' not going to be broken like the other support areas. While we definitely cannot predict anything and make sure about the price even in the next a few minutes because we are trading and investing in cryptocurrency and bitcoin market where we can expect any price movements at any time, but from what we can see right now we are in a bearish market and any uptrend movement can be just temporary to reach lower levels.

cute nmp

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Anything can happen when it comes to the cryptocurrency market.The Market is not looking great at the moment we have to hold on and see what happens next . But from technical analysis point of view we can dip further than 18k.Only time can tell hope we will recover soon from the market crash.

monineklutak

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Quote from: blockman on June 19, 2022, 07:22:07 PM

Quote from: ?? on ??

But this is certainly not the end.Over time, the value of bitcoin will increase again. So long-term investors need not panic.

Every time bitcoin falls too much, there will always be those expectations that it's going to be the end of it. Let's just stop thinking that when the bear comes or when a correction gets in, it's the end of bitcoin. It won't end and have been told to be dead so many times and it ain't dead and it won't be. It's here to stay and no matter how low it can be, there will always be takers that would want to have those cheap bitcoins that have been sold in the market. That's the reason why remove it on your minds about bitcoin being dead.

This kind of condition is actually still in the normal stage and when compared to 2018 of course at that time it was much worse,
so as you said its better not to worry too much and think this is the end of Bitcoin,
I'm sure it's only a matter of time and stay patient waiting for the bull market

SyndicateLabs

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Quote from: Taskford on June 19, 2022, 10:13:17 AM

Quote from: SyndicateLabs on June 19, 2022, 08:59:45 AM

I have seen many exchanges with the price of 18xxx, but honestly, being a big fan of BTC, I don't have any problems because I think I will hold BTC a lot with my own strategy. Even though the current landscape is fraught with many people becoming fearful of the price going further down, let's be fair when it comes to BTC when it's in the position it's currently in and has gone through so many other problems.

Good to know that you are totally fine holding your btc without getting any stress on what will happen to your capital and how many days oy will continue to be like this since for doing that it just shows that you have a lot of patience to wait for unknown things. Pump might take long time to happen so I guess it really much more cool to do short trades ror better result.

I've gone through a lot of emotional turmoil with BTC in my investment, from disappointment to bursting with happiness with it. And it seems that over the years, I've come to realize that the balance of risk and opportunity is an important factor in how I can do better. Anyway, good and absolute results are what everyone wants, but that is not my investment motto with this market when it is not necessary to want to have more comfort and safety, I will follow the crowd mentality, acting according to what I feel is right for me. Buying BTC with many people can be difficult or easy, but I accept the fact that the value it brings to me will be and time will show us whether we made the right decision or not. wrong.

blockman

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Quote from: ?? on ??

But this is certainly not the end.Over time, the value of bitcoin will increase again. So long-term investors need not panic.

Every time bitcoin falls too much, there will always be those expectations that it's going to be the end of it. Let's just stop thinking that when the bear comes or when a correction gets in, it's the end of bitcoin. It won't end and have been told to be dead so many times and it ain't dead and it won't be. It's here to stay and no matter how low it can be, there will always be takers that would want to have those cheap bitcoins that have been sold in the market. That's the reason why remove it on your minds about bitcoin being dead.

Vaskiy

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Quote from: m2017 on June 19, 2022, 01:29:48 PM

Quote from: gweb1996 on June 18, 2022, 01:16:44 PM

if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot in btc.

I can agree with you that 18k $ for bitcoin may not be the lowest price in this cycle (it is possible that the price will drop a little more), but your predictions about 500-1000 $ max seem to be something impossible. Those times when bitcoin cost 500-1000 $ are gone forever and we will never see this price again. Even if we saw it, very many, especially on this forum, would immediately buy bitcoin at this price.

The days of $500 and $1000s were over. Now there is chances for drop in the price, but this isn't going to happen for some time period as there is minor price fluctuation on the bullish side. For users who are into panic to invest on bitcoin will now make their entry and enjoys the market for its growth.

Mr.right85

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It's very surprising how far bitcoin has fallen and very unbelievable as well. Although, its hard to accept bitcoin falling below $15k and this is the hight of it if we are to examine it based on the current market condition. Bitcoin has tested the $17k and have bounced back up. Right now, its currently at $20k and it seems to be creating a strong support line at the $17-18k mark. Hence, going below that would be something unexpected by most crypto investors.

Quote from: gweb1996 on June 18, 2022, 02:48:26 PM

Why would you pay 18000 USD ( a car, food for a year for some, food for 10 years for some ) on 1 virtual coin ( number in your phone or laptop )? That does nothing if you leave it in your wallet The crop on btc was collected at 60k now it has no more apples, the apple tree is dying...

I see this right now and I beginne to as myself,
If you @OP have got any coin on any wallet or a exchange at all?
Becuase, it would be you not being so true to yourself. Coins are valued based on the laws of demand and supply, where everyone gets to attach value to a particular coin following bid and ask price. If you aren't willing, your not going to to be forced to buy. You buy or sell only when you value it as such. Its that simple.

gweb1996

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Quote from: teosanru on June 19, 2022, 03:49:48 PM

Any basis for your research?

Quote

I don't think it will go above 70k ... here is why :
I am trying to start a biz and I am doing simulations / biz plans for different sectors ,they are all failing
- in production I have problems with packaging,energy,supply chains and no space
- in services people avoid services that they don't "need" now
- in commerce I have problem with supply chains , long distance transport and so on
- in e-commerce people don't want to pay transportation cost no more,they prefer local ,also asian prices now similar to west
- also I noticed that people are no longer hiring foreigners, which means the world is trying to localize.
- also climate change is increasing energy prices a lot.

It means no matter where you try to go,no matter what country you go,you will face similar problems,there is no more USA land of the free and Western Europe that saves the poor ,now it's everybody for himself.
That means people will no longer need BTC to send money abroad,those who will use it ,are gamblers / speculators and El Salvador of course...that why I think it will drop.

I am telling you guys bitcoin price is pure speculative ,people are gambling on it and whales are pumping the price

For does that don't know what pump and dump is :

Let's say btc at 50 USD ....some guy with 100000 USD comes in buys a lot of btc now BTC price will be 60 USD as noobs will think there is high demand for it
Let's say btc at 60 USD ....the guy with 100000 USD sells his coins at 60 USD and now price will be 52 USD but he made 20000 USD profit
Now he pumps again ... Let's say btc at 52 USD ....some guy with 110000 USD comes in, buys a lot of btc now BTC price will be 58 USD as noobs will think there is high demand for it
And he will repeat like that over and over again until bubble will burst
------------------------
Yesterday price was 18k today price is 20k classic pump and dump ... else no reason for price to increase that fast

teosanru

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Quote from: gweb1996 on June 18, 2022, 01:16:44 PM

if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot in btc.

Any basis for your research? Or number that you have given? Or is it just a random number? Because no matter what you say leave me, no one really thinks that BTC will go so down, primarily because of multiple reasons, first is that many big corporations have brought btc at a good price therefore they can't really afford to lose that much, Microstrategy and Tesla just to name two, these guys have average buying of over 35000 so obviously they will make BTC reach above this level for sure.

Talking about utility point that you have given or fundamentals point you have given, no one would pay even a penny for a virtual coin it's all about the potential that this coin has to grow which is why people put their money in it that's it

kryptqnick

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While I agree we can't know how low Bitcoin is going to fall, I think the best we can do is turn to history of highs and lows to see if $1k is likely to ever happen. At the end of 2013, the high was $1130, and the lowest point was $172 in January 2015. Next time the highest point was almost $20k in December 2017, and the lowest was $3300 one year later. Then the new highest was $62k in April 2021, and then $67700 in November same year, and the lowest point, it seems, hasn't been reached yet. Based on how the lows are also growing, I think that $10k bottom is, unfortunately, quite real, and maybe even $8k. But not $1k.

m2017

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keep walking, Johnnie

Quote from: gweb1996 on June 18, 2022, 01:16:44 PM

if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot in btc.

I can agree with you that 18k $ for bitcoin may not be the lowest price in this cycle (it is possible that the price will drop a little more), but your predictions about 500-1000 $ max seem to be something impossible. Those times when bitcoin cost 500-1000 $ are gone forever and we will never see this price again. Even if we saw it, very many, especially on this forum, would immediately buy bitcoin at this price.

Anonylz

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Quote from: gweb1996 on June 18, 2022, 02:48:26 PM

Quote from: The Sceptical Chymist on June 18, 2022, 01:57:10 PM

You might want to move this to the Speculation section, as it's more appropriate there.

As far as your prediction goes....people always start calling doomsday when prices sink and moonshot when they're going up. Sometimes they're right, sometimes not. Things are looking pretty dire at the moment, so who knows? I certainly didn't think we'd be seeing bitcoin dip below $20k this year, but c'mon--this is bitcoin we're talking about. Crazy-ass price swings have always been a part of the game.

Stay optimistic, all of you who are panicking.

The fundamentals are not good for btc

Ask yourself this question:

Why would you pay 18000 USD ( a car, food for a year for some, food for 10 years for some ) on 1 virtual coin ( number in your phone or laptop )? That does nothing if you leave it in your wallet The crop on btc was collected at 60k now it has no more apples, the apple tree is dying...

I hope you will stick around well enough to watch btc germinate new apples for people to harvest. You aren't the first to pronounce btc to be dying and you won't be the last. Your post will be among history of those calling doomsday.

BIT-BENDER

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Quote from: gweb1996 on June 18, 2022, 01:16:44 PM

if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot in btc.

Well the is the most unthought over speculations anyone can make, although I have seen several speculations and I don’t believe in speculations but some of them actually have where the base their speculations from but the OP speculations right here wasn’t based on any tangible idea, just a doom predictions, I have read about Bitcoin worse price some years ago and even then Bitcoin didn’t reach as low as the figures the OP has speculated, although the Market is volatile and anything can happen I don’t think Bitcoin can reach such low figures anymore.

virasisog

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Quote from: ?? on ??

I didn't think it would be less than 20000 usd. It was a disappointment for me as well. Now I'm assuming it could drop to $10k. But this is certainly not the end.Over time, the value of bitcoin will increase again. So long-term investors need not panic.

They say that panicking when Bitcoin crashes is for the weak. We've seen how Bitcoin reached its ATH even after it reached a low price during the last bear season. If we've witnessed how Bitcoin moved and surprised its investors before then we should be confident about holding it. Fearing the price drop will only give your too much stress. It's better to stay optimistic and trust Bitcoin.

BCwinning

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I'm sure it's going to drop some more and I'm sure it's going to bounce back up.
Just another cycle to get in low if you can afford it.

Taskford

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Quote from: SyndicateLabs on June 19, 2022, 08:59:45 AM

I have seen many exchanges with the price of 18xxx, but honestly, being a big fan of BTC, I don't have any problems because I think I will hold BTC a lot with my own strategy. Even though the current landscape is fraught with many people becoming fearful of the price going further down, let's be fair when it comes to BTC when it's in the position it's currently in and has gone through so many other problems.

Good to know that you are totally fine holding your btc without getting any stress on what will happen to your capital and how many days oy will continue to be like this since for doing that it just shows that you have a lot of patience to wait for unknown things. Pump might take long time to happen so I guess it really much more cool to do short trades ror better result.

Topic: if you think 18k btc is low wait until autumn ... - page 7. (Read 1207 times)