₿ not going below 40.000 (probably) - page 7.

KaliLinux

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Quote from: Mankov on January 19, 2022, 06:50:35 PM

1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.
2. News and future events should be already priced in, except a black swan.

Why do you think Bitcoin will probably not going lower than 40.000?

BTC price going below $40k, Possible but I don't think so. If you look at the daily chart price for Bitcoin, you would realize that the Daily price candles are tightening up instead of the longer downward pattern and I believe the next few days will prove where the price is headed properly.

As for the rich lobbying to keep the price up, that too is very unlikely even though many institutions and rich people probably bought with this price range but I do believe if they really have that much manipulating power over the market, they would even bring it down the more to buy more at even cheaper prices.

Japinat

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Nah, I wouldn't be too sure with that, anything could go crazy especially in the bear market, the same thing happens in a bull market, price is rising with no limit, so better prepare for a possible huge dumps that would cause the market to panic, call it a normal day in cypto.

noormcs5

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Quote from: Mankov on January 19, 2022, 06:50:35 PM

1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.
2. News and future events should be already priced in, except a black swan.

Why do you think Bitcoin will probably not going lower than 40.000?

I am not sure how long Bitcoin will stay above 40000. Bitcoin is trying hard to stay above 40-41k but if it retest this level many times there may be chances that this support may not hold.
Also in order for bitcoin to remain over 40k, it should bounce hard which is not happening at the moment. Let's see in which direction this bitcoin consolidation will end.

pooya87

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Sorry to disappoint you but even though we talk about market manipulation but bitcoin market is not that easy to manipulate for a group of people to "lobby" and decide they want to prevent the price from going lower than an arbitrary number (or conversely to push it above an arbitrary number).
What you describe is what has been happening in the shitcoin market where they pump and dump them constantly.

Whether price can't drop below $40k has nothing to do with market manipulators.

Poker Player

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Quote from: Mankov on January 19, 2022, 06:50:35 PM

1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.
2. News and future events should be already priced in, except a black swan.

Why do you think Bitcoin will probably not going lower than 40.000?

In general I think your reasoning is logical, what happens is that reality often escapes reasoning, there are always things that we miss that can influence the price. Look at the S2F model, for example, a very reasoned and very well argued model, to date failed.

I too think it unlikely that the price will go below $40K, especially well below, but we can never know for sure.

worle1bm

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Can't say what will happen next as market can shift to any direction with some outside factors influence and like this it can go up or below $40k levels also.But the main concerning part is to remain patient and hold if you can because the history chart depicts rise after every fall and we should not be much worried about this dips.

But if you can make this as an opportunity to stack some sats at low prices as this might not come again.Then hold for some time and you will automatically get your desired profits.

traderethereum

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Quote from: Mankov on January 19, 2022, 06:50:35 PM

1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.
2. News and future events should be already priced in, except a black swan.

Why do you think Bitcoin will probably not going lower than 40.000?

With the supply and demand now increasing and many people involved in bitcoin, there will be more support for the price not to go down to the lower price or lower than $40,000.
But it could happen, maybe in a flash dump because some people or groups or even whales drop their bitcoin in a second and make the price is down a lot but after that, the price is back to the current price.
The news can affect the market and make the price is down temporary but that does not mean the price can not rise higher after the effect is gone.
I still think that everything can happen to bitcoin but I can prepare myself for that to use the opportunity for my benefit so you should be like that.

TheUltraElite

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Quote from: Mankov on January 19, 2022, 06:50:35 PM

1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.

Assuming much without backing it up? Common type of confirmation bias seen among weak hand traders. 40k seems to be remaining strong, but it will not take long to draw the price even lower.

Quote

2. News and future events should be already priced in, except a black swan.

The focus of crypto niche news has shifted from bitcoin to mostly about NFTs and shitcoins. I doubt that these developments have much effect on bitcoin price unless some random country decides to declare another ban on crypto or an exchange gets hacked.

Quote

Why do you think Bitcoin will probably not going lower than 40.000?

I do not think that way. Bitcoin price can go both up or down. You have to make preparations for both sides to be profitable to you. Place buy orders below these levels and sell orders above this level. Once the cycle reverse, repeat the same and you will have sold your previous buy and bought your previous sale.

TravelMug

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Quote from: Mankov on January 19, 2022, 06:50:35 PM

1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.
2. News and future events should be already priced in, except a black swan.

Why do you think Bitcoin will probably not going lower than 40.000?

Well if you have been in the market in 2017, after the bull run, they say that the price will not go below $10k. I still remember the names of those members, Lol, but we all see how the price went down ward spiral after the 2017 bull run.

So I will say that your statement is not true, everything is possible here, if the price can go to $100k in a bull run, then it's possible that the price can go below $10k in a bear market.

bittraffic

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Quote from: tbct_mt2 on January 19, 2022, 09:37:10 PM

Market will go in a direction the crowd think it won't go. So if the crowd now think that Bitcoin is not going to below $40,000, I think Bitcoin will have a crash to under $40k. If you see the chart, I believe that in worst crash, it will have to retest $20k but will it happen now in this bull run or in next bear market.

Do you think the bull run is over? Do you think the bull run will continue?
If bull run is over, $20,000 is waiting. If bull run continues, $30,000 can be a last test for Bitcoin before it can go to reach new all time highs, above $70,000 first.

Which is also what I thought. The price will go to the least we expect like $29000 because it where the biggest support as of now, it may only take time before we see the price going down. I hope not but I've seen several times that it's dropping the way we didn't expect.

The market is already in a bubble so they say but it's just not dipping straight down because of whales controlling the narrative which more people are buying as of now.

mk4

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You do realize that if these "rich people" are actually competent at investing, that they'd prefer bitcoin to drop lower for a better buy price, right? Not to mention that probably most people didn't expect bitcoin to drop down to as low as $3k back then.

Not saying that we're dropping lower, but there sure is a decent possibility.

nullama

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No one knows.

July 29th 2021 price was just below 30k for example.

tbct_mt2

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Market will go in a direction the crowd think it won't go. So if the crowd now think that Bitcoin is not going to below $40,000, I think Bitcoin will have a crash to under $40k. If you see the chart, I believe that in worst crash, it will have to retest $20k but will it happen now in this bull run or in next bear market.

Do you think the bull run is over? Do you think the bull run will continue?
If bull run is over, $20,000 is waiting. If bull run continues, $30,000 can be a last test for Bitcoin before it can go to reach new all time highs, above $70,000 first.

passwordnow

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Quote from: Mankov on January 19, 2022, 06:50:35 PM

1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.
2. News and future events should be already priced in, except a black swan.

1. Many have bought at that price including the average joe and others that aren't wealthy enough. Everyone can purchase bitcoin at any amount of investment they have at that price without the need of purchasing a whole bitcoin.
2. Likely but that won't end there. This is cryptocurrencies and it's unstoppable in terms of price movement, negatively or positively.

Quote from: Mankov on January 19, 2022, 06:50:35 PM

Why do you think Bitcoin will probably not going lower than 40.000?

Hopefully it doesn't but even with good reasoning, there's still a possibility that it can lower than that.

yohananaomi

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Quote from: yazher on January 19, 2022, 08:21:36 PM

When the bitcoin price was below $10,000 it didn't go below $5000 because at that time, there are already some whales who keep up the price and some holders are not selling their BTC no matter what happened. In today's case, we have some big companies and countries that are promoting the use of bitcoin, it's a big difference and that's why the price right now is high compared to the 2018-2020 era. You also have the emergence of Metaverse which somehow boosts the popularity of cryptocurrencies.

maybe what you say is true, because it is clear that there are already many institutions and large companies and even countries, which currently hold bitcoin as an investment. they clearly don't want to lose the price which will drop drastically, will maintain by any means through any intervention that can be done so that the bitcoin price is in accordance with what is desired. Of course a price below -$40K is not very good and will make it difficult to increase quickly and will take time and be a loss for them.

but if you look at the journey every year, at this time it is very appropriate that the price of bitcoin is already high and it will be difficult to go down like it was 2 or 3 years ago.
Although we also cannot rule out the possibility that cryptocurrencies can be unexpected events, it seems that it must be realistic as well. because the growth of crypto is very fast and it is natural for bitcoin to benefit so that it reaches a high price.

yazher

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When the bitcoin price was below $10,000 it didn't go below $5000 because at that time, there are already some whales who keep up the price and some holders are not selling their BTC no matter what happened. In today's case, we have some big companies and countries that are promoting the use of bitcoin, it's a big difference and that's why the price right now is high compared to the 2018-2020 era. You also have the emergence of Metaverse which somehow boosts the popularity of cryptocurrencies.

Mankov

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1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.
2. News and future events should be already priced in, except a black swan.
3. Way more people seems to be very bearish, now. Even a lot of big influencers. Some of them are calling 20.000 $ - 16.000 $.
In most cases the opposite happens from what the masses think. So it`s likely that Bitcoin stays above 40.000 $ and is moving up, soon

Why do you think Bitcoin will probably not going lower than 40.000?

Topic: ₿ not going below 40.000 (probably) - page 7. (Read 1021 times)