Topic: ₿ not going below 40.000 (probably) - page 5. (Read 1021 times)

If you want to invest in bitcoin, actually a price decrease is an expected step, so that we can buy in large or small quantities, but unlike people who already have bitcoins in their wallets, they automatically expect bitcoin to increase in high prices, and maybe this is a different point of view for both people who have bitcoin and people who are just starting to invest, but I still believe bitcoin in the next month will rise slowly.

That's already huge amount that you can buy mate, 0.03 is around or more than $1000 if I'm not mistaken. So just imagine if you can buy around $20k-$30k and then just hold till the next bull run.

We all know that $40k won't hold that long though, we are in the brink of going down since 2 weeks ago but now it has happened. So just like you, investors should not be afraid of this imminent bear market, but take advantage of it and buy cheap bitcoins.

I've expected this thing from happening and I am currently getting a lot of fiat saved so that I can buy when the prices starts hitting much lower prices, I know that this isn't the lowest the prices will get. I have already saved enough fiat for me to buy around 0.03 bitcoin but hopefully I can wait a little while and up the price more.

I haven't check the data yet, but isn't it we will have bitcoin futures expirations around this time? (Again, I'm not sure about it).

And maybe this is one reason why the sudden down turn of the price again. Because in the past, it usually does when we have  this kind of end month bitcoin futures expirations.

Nevertheless, we might be at the start of the bear reason, the sentiments are already changing to fear right now and so they could have been liquidating their bitcoins and later buy when the price goes down hard.

After what happened yesterday, it seems the price can not hold any longer and the price now is dropping to $38k. We might see another correction as the price is still going down to $38k. But congratulations to people who short their trade because they profit from the situation. If the price drops more, we will have more time to buy bitcoin at a low price. But unfortunately, we do not know how lower bitcoin prices can go down and only place the price we want to buy.

There still since there still a lot of time for the daily candle to close at that particular level. This maybe the wick candle that everyone waiting before the bearish trend finally reverse. As long as the daily candle is still not closed, BTC still have a chance to fight this strong bearish movement. The amount of short position in Bitfinex is heavily increase yesterday so I believe most of them might gonna take profit today and liquidate this new short position. I really hope Bitcoin will recover today or else we might see a very cheap Bitcoin again as you said.

As I have said before, below $40k is just around the corner and now it happened.

Sad to say as we don't want to see the price going down to that level, but what can we do, we are in a bear market now so expect the price to really drop as fast as it climb in the bull run last year.

The good thing is that we can prepare and buy cheap bitcoin again and hold.

Well, the prices dropped below 40k so this thread became irrelevant real fast. You should've done an extensive research OP about the price movements because you clearly pulled those speculations out of thin air. Quite embarrassing if you ask me but hey, at least you've tried. Hopefully it drops even more so I can buy more bitcoin at a lower price.

Yeah however you need to see why it dropped? Reason is the stock market is tanking. Basically it started first with that Peleton company where they decided to stop production of their equipment and took a massive 25% drop in minutes, and it’s been falling the entire year.

Then it was the Netflix earnings which caused a huge 20% blow. And crypto is following all of this closely. It’s a risk on asset and it’s trading like certain stocks. Next month this could all be over and stocks could be ATH again however right now there is a lot of panic in the markets.

Ha it just dropped under $40k one day after this thread was started.

But it's all good. Bitcoin accumulation since July is leading to ever lessening liquid supply. Lots of people still just think we're in the four year cycle lol so they are selling Bitcoin cheap to the smart money. They're literally trying to front run a crypto winter that isn't coming, but by doing so they are causing a prolonged dip as smart money builds a huge base of cheap Bitcoin for the upcoming bull market this year. At some point soon it's gonna break upwards and when that happens there will be a MASSIVE supply shock and boooy you are gonna see millions of panicked people rushing back in to buy higher.

For the time being though it is still apparently in the process of bottoming out. Don't expect it'll be long until we start seeing big green candles though. I doubt there are that many people left willing to panic sell their Bitcoin cheap to others at this point (most of the get rich quick types that are prone to panic selling real low have moved on from Bitcoin anyway and now focus on crappy altcoins/memecoins). But you never know, could still be several weeks until we get an uptrend started back toward ATHs, then again it could be days away. If you look at the two sustained drops in the Summer and Fall, right when it seemed like Bitcoin was losing steam and going to drop lower than where it had been bottoming that's when it rocketed upwards.

Well, that's a pretty dumb assumption, the market can go anywhere. Just like how it could go to the 6 digits range, it can well go below the value of $40k, or maybe even $30k at some point. That's just how the market goes, especially a very volatile one like the crypto market. Even if the public shows that it's pretty much guaranteed it won't go below $40k, that's the public, you never know what's happening with those who doesn't necessarily show what they're going to do to the public until the last moment. There's probably a lot more factors involved really, than what you can see.

And as usual, when you say it's not possible it takes a range of 24-72 hours since the topic has been started for the impossible to become possible, touched 39.933 on Binance and 39.952 on Bitstamp.
Seems like Russia's only desire is to screw everything, be it peace trade or bitcoin price.

But probably it's the best time to see a topic about Bitcoin not getting a new ATH ever, and as per Murphy's Law which is far more accurate than any TA we would probably see a sudden spike.

Till then, brace yourself for panic mode, although nothing hs really changed.

It can go but it can trigger also to pump back, with what you are saying there are many investors now who also a business owner or institutional investors who knows how to work with fluctuations, they are people who believes and support that this investment can probably bring them decent profits; they are bringing people and money inside this industry, sooner or later we will see another good run.

Let things happen and make that drop to overcome by strong holders.

Once the market shows bullish, then more investors will appreciate and bring their investment inside.

I firmly believe that bitcoin can go below 40,000, I see many big companies investing in bitcoins and promoting them on different platforms. Hence, bitcoin's market can fall but not to a huge degree. Supply and demand are increasing nowadays.
More people like to invest in bitcoin, and they prefer others to involve in it. We see many positive things among bitcoins, so how can we say it fall.

First thing to check is if there is a major support zone around the $40k dollar price and also you should do a major price action analysis to see what always happen whenever price hits the $40k support or resistance zone this could be a clue using technical analysis but if we are depending on fundamental analysis then I would say price might likely range around the $40k zone and would choose a direction depending on how investors reacts to the range market.

What bearish are we talking about here? As far as I know, $40k is still bullish if you compare it to the price last 2017 bull run or even the price on 2020. You guys are starting to create a panic button to the newbies that most likely they're going to press anytime soon due to panic.

Q1 is just starting yet most of you who owns Bitcoin starting to panic like Bitcoin is going to die meme. Yet after a pump they were so happy showing off some of their profits which is kind of confusing. If $40k is the strong support, then Bitcoin won't fall back to start a bear run if the price stays at the support level.

I watched the bitcoin price in the last few months and thought that bitcoin would not go lower than $40k...

I'm pretty sure there's a lot of smart people out there who will buy bitcoin when it's under $40k and that will definitely make the price go up again. Bitcoin has become the asset most watched by smart investors.

That's so funny because usually there is a topic here whenever the price is a little bit bearish and doing some corrections while we should consider a few years ago these people were complaining about the price of bitcoin because the price was dumped from 8k to 3.7k even after we saw how bitcoin could recover the price and the many people are rich with bitcoin just because of this price movement but still people are worry because of the price movements in the short term while if we aim for long term investment we won't have any of those problems at all.

When we talk about a possibility, of course we will also know what the possible causes are. We all never know what will happen, but history can help to stay alert in all situations. Yes, I agree that there will be price drops where people want lower prices and I believe no one will be able to keep prices above $40K long term even though we have quite a bit of institutional support so far.

Although today bitcoin experienced a slight increase but in fact the price of bitcoin still lost 37% of ATH. We certainly don't expect a bigger drop of up to 50%-80% but anything is still possible in this highly volatile market. Having a strategy to minimize losses is of course very important, especially for traders and bitcoin holders so far.

They are not all-powerful, there's only so much they can do to influence the market. And it's not even a fact that they would want to keep Bitcoin above certain level, maybe they actually want it to go down to buy even more?


And how does this mean that Bitcoin won't go below $40k?


This is basically the idea of Fear and Greed index, but if you look at such charts, you can notice that there were periods of Fear followed by even more price decline, or Greed followed by more Greed. It's really not a good basis for predicting anything.


There is nothing that guarantees that Bitcoin won't drop below $40,000, but it doesn't matter, it's just another psychological barrier, there's nothing fundamental here.