[POLL] Will Bitcoin dip below $40K? - page 3.

kotajikikox

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Quote from: adaseb on January 09, 2022, 11:49:45 PM

Currently looking at the results, it seems that 2x as much people, basically 66% as opposed to 33% think its going to drop below $40K. And if you go to the mining section of bitcointalk, you got miners panicking that ETH is going to break $3K and they will make half of what they made a couple of weeks ago.

EThereum is nearly falling below 3k as we can see that 16% drops for the last 7 days and also not increasing good for the last 24 hours(though there are 1% increase for the 24 hours)

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All over Twitter people are saying they are going to buy bitcoin at $10K.

that will never happen again, bitcoin fell down to 4k in 2020 because of covid19 but made an increase more than x15 in the next year so i doubt that 10k will ever be a bottom .

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And even that Peter Schiff Gold guy is saying bitcoin is going to break $40K, then $30K, then $20K, and eventually will go to $1K.

then thanks if that will happen because at least believers has a chance to buy more.

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Since so many people are bearish, I think maybe the bottom is in.

almost there , lets observe this whole week as this is very critical.

Obito

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Quote from: Fundamentals Of on January 09, 2022, 08:22:54 PM

So at least the 24-hour limit has passed without the price of Bitcoin dipping below $40,000. Bitcoin is holding on tight to $40,000. It seems it is a pretty strong support. I don't know how low could the price of Bitcoin get if the $40,000 support is shattered. There is enough reason to believe that there will be many times from now that Bitcoin will once again retest the strength of this support. I hope it will stand strong until the recovery finally happens.

We don't know yet but if the pandemic worsens and the US unemployment rate steadily increases, we might see something happen to bitcoin prices. I do hope that it will go up right now after going down and steadying for a long time. I don't know how many bitcoin's I have in store but hopefully I have a lot to get a big profit when the prices starts climbing again. I tried to vote on this with my friend and we did a friendly wager and I won the bet because I know that there's going to be a strong support when bitcoin continues to go down.

adaseb

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Currently looking at the results, it seems that 2x as much people, basically 66% as opposed to 33% think its going to drop below $40K. And if you go to the mining section of bitcointalk, you got miners panicking that ETH is going to break $3K and they will make half of what they made a couple of weeks ago.

All over Twitter people are saying they are going to buy bitcoin at $10K. And even that Peter Schiff Gold guy is saying bitcoin is going to break $40K, then $30K, then $20K, and eventually will go to $1K.

Since so many people are bearish, I think maybe the bottom is in.

pooya87

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Quote from: OgNasty on January 08, 2022, 06:54:18 PM

I'm wondering what the market sentiment is on these boards

Considering that people vote based on their desires not their sentiments you won't ever find the sentiments or be able to predict the market. Basically there are a lot of people who "wish" the price drops more at this point so that is what they are voting for, but that doesn't mean they are going to do anything about it though! For instance none of them would dare short bitcoin even if they assure you on the internet that price is dropping more.

In any case, my opinion is that it is not possible to say at this point. Price is already lower than it should be and as I've aptly named situations like this we are currently in a Reverse Bubble and just like regular bubbles it can grow in size even though it is unnatural.
One thing is guaranteed though: the bubbles always burst.

Kemarit

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Quote from: Fundamentals Of on January 09, 2022, 08:22:54 PM

So at least the 24-hour limit has passed without the price of Bitcoin dipping below $40,000. Bitcoin is holding on tight to $40,000. It seems it is a pretty strong support. I don't know how low could the price of Bitcoin get if the $40,000 support is shattered. There is enough reason to believe that there will be many times from now that Bitcoin will once again retest the strength of this support. I hope it will stand strong until the recovery finally happens.

Well it's good to see the price holding at $40,000 levels, but for those who voted that it will dip below that price, maybe it's because of the prevailing sentiments. Short term I think the feeling is that the price will go down below $40,000 or at least that is the consensus. So let's see how long this support will hold, if it breaks this week then we have to accept and then buy at that dip. If not, then still good for us, but we should be ready anytime of a price dip, IMHO.

Wexnident

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Quote from: sheenshane on January 09, 2022, 06:37:45 PM

The thread was created 2 days ago and it said, Bitcoin will go down after 24 hours but yet, it didn't happen.

Sad to say most of them voted yes, it seems they don't have faith in Bitcoin price that will spike this month presumably.
I voted NO, even though we know that the price is unpredictable but I don't see any sign that Bitcoin will go down and consider a dip situation. I have a fundamental analysis and it seems it's a positive one and I think Bitcoin price within this month will resist and create a short bull run.

Well, it did go pretty close to $40k, luckily it didn't continue down and went back up by a bit. Still though seeing the current state, it isn't that odd why most people are expecting the price to go below $40k, the general trend recently has been quite bearish after all. I myself am a tad bit bullish but well, that's for the long term. Wouldn't be odd to see the market go below $40k levels, I might turn a bit bearish tho if we ever go below $30k in the short term.

Fundamentals Of

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So at least the 24-hour limit has passed without the price of Bitcoin dipping below $40,000. Bitcoin is holding on tight to $40,000. It seems it is a pretty strong support. I don't know how low could the price of Bitcoin get if the $40,000 support is shattered. There is enough reason to believe that there will be many times from now that Bitcoin will once again retest the strength of this support. I hope it will stand strong until the recovery finally happens.

EdenHazard

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Quote from: aoluain on January 09, 2022, 03:41:45 PM

The sentiment I am getting from the community here is that there is not much optimism,
its almost like everyone^! is expecting a sub $40k dip, I voted YES purely based on
the above and because I expect it to happen.

...as to what happens after that event is another question?

mm hmmm ...

i was thinking that how people get tired looking at the crypto market that thesedays seems not really as interesting as few months ago.
stuck with no further progress, no breakthrough ... just a plain market and at the same time people heard about how the traditional stocks trading getting zippy , so yeah we are eliminating fake crypto enthusiast which its good.
they are back to where they belong and we might will have a healthy market after this waves.
$40k or even harder lower! of course.

jossiel

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Luckily, it didn't dip below $40k.

That only shows that we've got the support.

But if we're not going to time it and put a limit on it, very likely that we might see it go below $40k. It's only a matter of time and if it won't be recovering back to $43k since it hasn't broken that wall there.

We might see it below $40k.

sheenshane

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The thread was created 2 days ago and it said, Bitcoin will go down after 24 hours but yet, it didn't happen.

Sad to say most of them voted yes, it seems they don't have faith in Bitcoin price that will spike this month presumably.
I voted NO, even though we know that the price is unpredictable but I don't see any sign that Bitcoin will go down and consider a dip situation. I have a fundamental analysis and it seems it's a positive one and I think Bitcoin price within this month will resist and create a short bull run.

Oasisman

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Not in 24 hrs maybe, but it will eventually dip below 40k.
Just like you said, there is a huge buying demand below that number.
If we have entered the bear market, $30k might be the bottom price, but a 40k buy is gonna be a good price to start with.
In the next coming years, Bitcoin would most likely to hit the 6 digit figure, and that will be a very good return for those who buy at this current Btc price.

hello_good_sir

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Yes in my opinion.

Historically bitcoin bear markets have seen drawdowns of 60-70% from the peak of the market cycle, so right now I think that there is still some way to go.

It would be very wise, however, for anyone looking to get into crypto for the long run to get in at a price below $40k. You have very little downside but tons of upside potential, and the next halving cycle is just 4 years away.

sana54210

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Quote from: OgNasty on January 08, 2022, 06:54:18 PM

There seems to be good buying demand below $41K, but the market keeps wanting to drift lower. I'm wondering what the market sentiment is on these boards as we appear to be fighting the upwards trend line and heading into a bear market. What do you think?

Will Bitcoin dip below $40K? (for at least 24 hours)

40k is not that far away right now, dropping under it wouldn't be that shocking. I considered 30k honestly, would it go under 30k? That seems like a bigger question in my mind because we can go under 40k and still not be too low, be 39k and that is nearly same as right now so there is no problem with that.

However, reality is that 30k is a lot different, if we are at 29k or so then we are looking at something that is a lot more dangerous and recovering could take some more time. Obviously it may also not mean anything, either of them, we could drop under 40k and be 60k+ in a month, same goes for under 30k as well which we already did last year. Which is why we could feel comfortable no matter what happens, knowing that it has the capability of recovering.

suzanne5223

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I always advise people to ride with whatever momentum the market presented because we're the season where did hard to tell what the market next trend will be.
Will Bitcoin dip below $40K? (for at least 24 hours)?
Yes but only if the Bitcoin market replicates the previous market huge correction we always see after the ATH price market.

cryptomaniac_xxx

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Quote from: aoluain on January 09, 2022, 03:41:45 PM

The sentiment I am getting from the community here is that there is not much optimism,
its almost like everyone^! is expecting a sub $40k dip, I voted YES purely based on
the above and because I expect it to happen.

And maybe the community is right as well (again?) in analyzing how the market will move for this year so it might be a bear market (and that's what I voted too).

Quote from: aoluain on January 09, 2022, 03:41:45 PM

...as to what happens after that event is another question?

I guess it's not the magic number for now, it we go to $20k-$30k is the real test how resilient the market is going to be because it's going to be very tough to see the price reverting back to that levels and that will be -50% higher than the last all time high.

aoluain

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The sentiment I am getting from the community here is that there is not much optimism,
its almost like everyone^! is expecting a sub $40k dip, I voted YES purely based on
the above and because I expect it to happen.

...as to what happens after that event is another question?

BitcoinBarrel

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Yes we will drop to the median after the latest candlestick bull run, but of course will return to a new ATM in the next year or two.

michellee

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We will see bitcoin to go $40k but to be below $40k in at least 24 hours, I am not sure because so far, the price is still strong at $41k, although if there is bad news coming in the next few hours, can impact the price to go down. We do not want the price to go down below $40k but if that happens, we can not do anything except try to buy as many as we can. Hopefully, after the price reach below $40k will bounce to above $40k and still increase so there will be a golden moment for us to buy at the lowest price as that time will not come for some time. But we'll see it later.

davis196

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Yes,the price will go below 40K USD.
The sellers will keep selling,while the buyers will keep waiting for a lower price.
There are no bullish news and more FUD news are flooding the mainstream media recently.
The global financial markets will be going down,due to the Omicron hysteria and the high energy prices in Europe and Asia.
I hear rumors that the Delta and Omicron waves will merge into a Deltacron wave.The mainstream media and the governments will keep spreading more panic and hysteria.
The Bitcoin price will start growing after the covid panic is over and after the majority of the crypto traders finally start buying the dip.

buwaytress

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The answer is yes, if there's no limit to the timeframe, but I'm assuming we're talking about the foreseeable few weeks, in which case I think 40k will be tested, broken, but not for a full 24 hours -- resulting in what I hope will be a significant bounce that carries off with momentum into another test of $50k.

That's my optimism at work, though. Miss Cleo's otherwise where my money should be at.

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