Stop the panic, I doubt we will see 14k or less Bitcoin

Guessti

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Quote from: savetheFORUM on December 30, 2022, 02:04:51 PM

Quote from: boltz on December 29, 2022, 09:32:41 AM

Why is OP so sure of Bitcoin not going under 14k ? Because every sign points towards Bitcoin going under 14k or even more and the party didn't even start yet.

I would want to be positive about Bitcoin price in 2023 but there again , why should I be ? Literally the entire market is hanging on the edge right now and all is need is Bitcoin to make another sudden drop in price and panic will be all over crypto markets.

A couple of users already question him but he still can't give any valid reason on why the price won't fall anymore on that level. He just keep saying that we must avoid fuds. I think this isn't on the fuds anymore. Many of us here are not new and we already know what is fuds and why we must avoid it but there will still be a way for the price to fall down and that is something that everyone must prepare.

Either we will buy more or sell now if ever some of you need an extra cash because the recovery can be delayed again. You know, the halving date for bitcoin is still far and then there is also an expected recession that is said to happen in the year of 2023.

This is the SPECULATION board and your talking "valid reasons"? LOL

$1k(ish) - 80% = $200(ish)
$20k(ish) - 80% = $4k(ish)
$70k(ish) - 80% = $14k(ish)

Nothing is exact, just estimates/speculations/simplifications based on the past charts / some current events etc.

BITCOIN4X

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Quote from: savetheFORUM on December 30, 2022, 02:04:51 PM

Either we will buy more or sell now if ever some of you need an extra cash because the recovery can be delayed again. You know, the halving date for bitcoin is still far and then there is also an expected recession that is said to happen in the year of 2023.

As long as you can bear the consequences then anything you can do. I don't think anything is going to stop you from selling bitcoins during a downturn even when you lose a few percent of it. If you do it for something more valuable and important then of course maintaining the investment is also not a good idea.

After all, no one is asking us to put all the money we have in one investment basket. I mean diversification of investment assets also needs to be done, not just in crypto. I think gold, land and a few others are also worthy investments to consider, so when we need money urgently we have the option to sell one of these.

savetheFORUM

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Quote from: boltz on December 29, 2022, 09:32:41 AM

Why is OP so sure of Bitcoin not going under 14k ? Because every sign points towards Bitcoin going under 14k or even more and the party didn't even start yet.

I would want to be positive about Bitcoin price in 2023 but there again , why should I be ? Literally the entire market is hanging on the edge right now and all is need is Bitcoin to make another sudden drop in price and panic will be all over crypto markets.

A couple of users already question him but he still can't give any valid reason on why the price won't fall anymore on that level. He just keep saying that we must avoid fuds. I think this isn't on the fuds anymore. Many of us here are not new and we already know what is fuds and why we must avoid it but there will still be a way for the price to fall down and that is something that everyone must prepare.

Either we will buy more or sell now if ever some of you need an extra cash because the recovery can be delayed again. You know, the halving date for bitcoin is still far and then there is also an expected recession that is said to happen in the year of 2023.

KingsDen

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Quote from: Guessti on November 11, 2022, 12:13:16 PM

Literally articles are flooding saying the bottom isn't here etc etc.

The FTX thing sucked, but Bitcoin can only go so low with the amount of support it has and how integrated it has become with the banking system.

Stop the FUD.

EDIT: For those of you who seem not to remember what FUD stands for:

Fear. Uncertainly. Doubt.

FUD is part of the cryptocurrency industry so it cannot be successfully stopped. FUD will always be because it is a catalyst that helps to move the market in either directions.

As for the bottom. There is every possibility that bitcoin will break lower that $16k to the region of $14 and $10. It is also possible that the market will reverse from $16k back to bullish trend.
So, to be in a safer position, it is good to start buying from now because the price is low already.

STT

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Decent hold of the 16.5k aree recently, its respected volume in that area and we retain a series of rising lows since the first FTX news broke our prior hope of recovery in the price action. I dont presently disagree with OP that we will explore the full range from 20k all the way down to 10k possibly, however there is a BIG IF to that in the detail matters of how we trade those prices. A spike down to 10k that quickly fails to hold and launches back up is bullish, it will scare but in fact be bullish. Right now we retain a positive trend over weeks.

ScamViruS

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Quote from: carlfebz2 on December 28, 2022, 04:13:03 PM

Confidence and trust had surely been shaken on this year alone which there are lots of negative things or incidents happen for this year which it did really result out that doubt and fear which is the main reason on

why the market didnt move up that much but rather keeps on dipping and decreasing which is something that been anticipated.We know that this market is really that too reactive when it comes to fundamentals.

If things do becomes even more worst then it is really that hard to stop it and there's no way that we could really be able to predict on what would comes next specially on next year
to come but hopefully we arent seeing more negative things which would worsen up the situation even more.

A mini bull run in the market can play a significant role in bringing back confidence and trust. Bitcoin has been holding the $16000 zone for a long time now, we can expect to see something positive from here. But big investors are strengthening their positions right in these zones.

So I think the two bad incidents may have caused a very bad effect on the crypto market for a short period of time, but eventually the crypto market will bounce back and make us happy again.

ShowOff

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Quote from: $crypto$ on December 29, 2022, 09:19:43 AM

FTX also used to be under Binance and aligned as a leading exchange you can say FTX gives customers convenience with free withdrawals that's what I feel while using FTX when they often make small withdrawals and of course as they trust FTX because it has become big it's just unexpected due to bankruptcy experienced by them so that it becomes a risk that must be known.

Traders, of course, have daily activities on the exchange, so they store their assets on the exchange, while it's different from investors and they know how to store assets in their own wallet, it's just that an unexpected error from FTX makes them dumbfounded.

Sure enough, the FTX boom was truly shocking and the impact truly amazing for the crypto industry. Some people are starting to think this industry is a total scam, I can't completely disprove but if they say bitcoin is a scam then I think something needs to be said to stop them talking.

As I said, investors know where to store their assets in the long term. But if they store it on an exchange then clearly they have considered the risk. Losses are never desirable, but they can happen any time as long as they don't know how to minimize them.

boltz

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Why is OP so sure of Bitcoin not going under 14k ? Because every sign points towards Bitcoin going under 14k or even more and the party didn't even start yet.

I would want to be positive about Bitcoin price in 2023 but there again , why should I be ? Literally the entire market is hanging on the edge right now and all is need is Bitcoin to make another sudden drop in price and panic will be all over crypto markets.

$crypto$

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Quote from: ShowOff on December 29, 2022, 08:41:22 AM

Quote from: wmaurik on December 29, 2022, 07:50:33 AM

Sometimes I also think why investors only use the FTX exchange to store their investment funds, even though there are many other exchanges that are also better than FTX, although it is highly not recommended to keep funds in the exchange for too long. Because everyone needs to have a special wallet if they want to store funds safely for the long term. So on the other hand, investors are actually wrong if they only save funds on the FTX exchange, even though the basic core of the problem lies within FTX.

FTX is also one of the biggest and most reputable exchanges apart from several other exchanges. Investors who keep their funds in the exchange know what the risks are, but because of the good reputation of the exchange and good security, maybe that's the reason why they entrust their funds to third parties. Just like most people who believe in binance and coinbase right now, they know the risks.

Traders and investors are fundamentally different. Traders tend to keep funds on the exchange regardless of how much they have, while investors tend to have funds in their wallets. Some traders have millions of dollars in their trading accounts, but I don't think they are investors although some investors also keep their funds in exchange in the long term.

FTX also used to be under Binance and aligned as a leading exchange you can say FTX gives customers convenience with free withdrawals that's what I feel while using FTX when they often make small withdrawals and of course as they trust FTX because it has become big it's just unexpected due to bankruptcy experienced by them so that it becomes a risk that must be known.

Traders, of course, have daily activities on the exchange, so they store their assets on the exchange, while it's different from investors and they know how to store assets in their own wallet, it's just that an unexpected error from FTX makes them dumbfounded.

ShowOff

legendary

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Quote from: wmaurik on December 29, 2022, 07:50:33 AM

Sometimes I also think why investors only use the FTX exchange to store their investment funds, even though there are many other exchanges that are also better than FTX, although it is highly not recommended to keep funds in the exchange for too long. Because everyone needs to have a special wallet if they want to store funds safely for the long term. So on the other hand, investors are actually wrong if they only save funds on the FTX exchange, even though the basic core of the problem lies within FTX.

FTX is also one of the biggest and most reputable exchanges apart from several other exchanges. Investors who keep their funds in the exchange know what the risks are, but because of the good reputation of the exchange and good security, maybe that's the reason why they entrust their funds to third parties. Just like most people who believe in binance and coinbase right now, they know the risks.

Traders and investors are fundamentally different. Traders tend to keep funds on the exchange regardless of how much they have, while investors tend to have funds in their wallets. Some traders have millions of dollars in their trading accounts, but I don't think they are investors although some investors also keep their funds in exchange in the long term.

wmaurik

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Quote from: capedbaldy on December 27, 2022, 02:31:58 PM

Investors have lost investment value because of funds deposited on the FTX exchange and FTX or Luna token assets, painful trauma because investment values have fallen to the lowest point that was never predicted before, so that is the risk if we hold risky altcoins which are very vulnerable to losing value, the market It will take time to recover from that situation even I doubt if the market can touch BTC price for $20k in the first quarter of next year, $16k price is very likely to hit lower back to $15k if bearish conditions persist.

Sometimes I also think why investors only use the FTX exchange to store their investment funds, even though there are many other exchanges that are also better than FTX, although it is highly not recommended to keep funds in the exchange for too long. Because everyone needs to have a special wallet if they want to store funds safely for the long term. So on the other hand, investors are actually wrong if they only save funds on the FTX exchange, even though the basic core of the problem lies within FTX.

uneng

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Quote from: carlfebz2 on December 28, 2022, 04:13:03 PM

Confidence and trust had surely been shaken on this year alone which there are lots of negative things or incidents happen for this year which it did really result out that doubt and fear which is the main reason on

why the market didnt move up that much but rather keeps on dipping and decreasing which is something that been anticipated.We know that this market is really that too reactive when it comes to fundamentals.

If things do becomes even more worst then it is really that hard to stop it and there's no way that we could really be able to predict on what would comes next specially on next year
to come but hopefully we arent seeing more negative things which would worsen up the situation even more.

Still it's not so bad like it could have been. Bitcoin is keeping its price above 16,000$, what is good news considering how negative the scenario is. If we were in previous years, I think bitcoin could have reached much deeper after news of the second biggest exchange in the world going bankrupted and scamming one million users worldwide.

Bitcoin can crash more yet next year, but considering how it's keeping the price by now, it's already a victory. Support level is at 15,700$ and there is a long way until dumping it to 14,000$ or less, what might not even happen at all.

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Quote from: ScamViruS on December 28, 2022, 03:56:48 PM

Quote from: carlisle1 on December 28, 2022, 03:41:41 PM

Quote from: ScamViruS on December 27, 2022, 03:49:57 PM

Quote from: capedbaldy on December 27, 2022, 02:31:58 PM

Quote from: ScamViruS on December 27, 2022, 01:42:02 PM

Luna and FTX were two painful incidents for crypto investors that were out of mind for crypto investors. The impact of these two incidents on the crypto market is certainly huge, many new investors have lost faith in the crypto market due to these incidents. I think these incidents will disappear as the market trend changes. So this level of Bitcoin needs to be hold strongly, because if it loses this position now, then something worse can be seen.

Investors have lost investment value because of funds deposited on the FTX exchange and FTX or Luna token assets, painful trauma because investment values have fallen to the lowest point that was never predicted before, so that is the risk if we hold risky altcoins which are very vulnerable to losing value, the market It will take time to recover from that situation even I doubt if the market can touch BTC price for $20k in the first quarter of next year, $16k price is very likely to hit lower back to $15k if bearish conditions persist.

More FUD is brewing to take the crypto market more bearish, after the news of FTX bankruptcy came out the news had a huge impact on the crypto market. And Luna is mainly responsible for starting the huge downtrend in the crypto market. If these incidents had not happened this year, crypto investors would not have been living in such despair. Bitcoin started an uptrend before the collapse of FTX but this bad news is one of the worst in crypto history. Hopefully next year we won't have to see a disappointing market situation like this year.

Yeah, after Luna then FTX which drives investors away from this market, for now we might be having problem seeing the market
to bounce back it might take some time before we will see another good market run.

But knowing how crypto work, especially Bitcoin the chance of recovering is not by far, it will take time to accumulate and another
momentum to bring those investors back.

A good news that will attract more investors to bring back the money and will push the market up.

Investors are interested in the market, but two big incidents in a short period of time have resulted in huge losses for investors. Many big crypto investors lost their huge money. Now if the market changes the trend and something positive is seen then surely more new and old investors will start expecting back in the market again.

Even after the Binance FUD has been created, the market has created panic among investors, resulting in the market not seeing the expected change. Everyone is disappointed to see bad things this year, hopefully next year will not be like this for crypto investors and investors can recover their losses.

Confidence and trust had surely been shaken on this year alone which there are lots of negative things or incidents happen for this year which it did really result out that doubt and fear which is the main reason on

why the market didnt move up that much but rather keeps on dipping and decreasing which is something that been anticipated.We know that this market is really that too reactive when it comes to fundamentals.

If things do becomes even more worst then it is really that hard to stop it and there's no way that we could really be able to predict on what would comes next specially on next year
to come but hopefully we arent seeing more negative things which would worsen up the situation even more.

ScamViruS

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Quote from: carlisle1 on December 28, 2022, 03:41:41 PM

Quote from: ScamViruS on December 27, 2022, 03:49:57 PM

Quote from: capedbaldy on December 27, 2022, 02:31:58 PM

Quote from: ScamViruS on December 27, 2022, 01:42:02 PM

Luna and FTX were two painful incidents for crypto investors that were out of mind for crypto investors. The impact of these two incidents on the crypto market is certainly huge, many new investors have lost faith in the crypto market due to these incidents. I think these incidents will disappear as the market trend changes. So this level of Bitcoin needs to be hold strongly, because if it loses this position now, then something worse can be seen.

Investors have lost investment value because of funds deposited on the FTX exchange and FTX or Luna token assets, painful trauma because investment values have fallen to the lowest point that was never predicted before, so that is the risk if we hold risky altcoins which are very vulnerable to losing value, the market It will take time to recover from that situation even I doubt if the market can touch BTC price for $20k in the first quarter of next year, $16k price is very likely to hit lower back to $15k if bearish conditions persist.

More FUD is brewing to take the crypto market more bearish, after the news of FTX bankruptcy came out the news had a huge impact on the crypto market. And Luna is mainly responsible for starting the huge downtrend in the crypto market. If these incidents had not happened this year, crypto investors would not have been living in such despair. Bitcoin started an uptrend before the collapse of FTX but this bad news is one of the worst in crypto history. Hopefully next year we won't have to see a disappointing market situation like this year.

Yeah, after Luna then FTX which drives investors away from this market, for now we might be having problem seeing the market
to bounce back it might take some time before we will see another good market run.

But knowing how crypto work, especially Bitcoin the chance of recovering is not by far, it will take time to accumulate and another
momentum to bring those investors back.

A good news that will attract more investors to bring back the money and will push the market up.

Investors are interested in the market, but two big incidents in a short period of time have resulted in huge losses for investors. Many big crypto investors lost their huge money. Now if the market changes the trend and something positive is seen then surely more new and old investors will start expecting back in the market again.

Even after the Binance FUD has been created, the market has created panic among investors, resulting in the market not seeing the expected change. Everyone is disappointed to see bad things this year, hopefully next year will not be like this for crypto investors and investors can recover their losses.

carlisle1

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Quote from: ScamViruS on December 27, 2022, 03:49:57 PM

Quote from: capedbaldy on December 27, 2022, 02:31:58 PM

Quote from: ScamViruS on December 27, 2022, 01:42:02 PM

Luna and FTX were two painful incidents for crypto investors that were out of mind for crypto investors. The impact of these two incidents on the crypto market is certainly huge, many new investors have lost faith in the crypto market due to these incidents. I think these incidents will disappear as the market trend changes. So this level of Bitcoin needs to be hold strongly, because if it loses this position now, then something worse can be seen.

Investors have lost investment value because of funds deposited on the FTX exchange and FTX or Luna token assets, painful trauma because investment values have fallen to the lowest point that was never predicted before, so that is the risk if we hold risky altcoins which are very vulnerable to losing value, the market It will take time to recover from that situation even I doubt if the market can touch BTC price for $20k in the first quarter of next year, $16k price is very likely to hit lower back to $15k if bearish conditions persist.

More FUD is brewing to take the crypto market more bearish, after the news of FTX bankruptcy came out the news had a huge impact on the crypto market. And Luna is mainly responsible for starting the huge downtrend in the crypto market. If these incidents had not happened this year, crypto investors would not have been living in such despair. Bitcoin started an uptrend before the collapse of FTX but this bad news is one of the worst in crypto history. Hopefully next year we won't have to see a disappointing market situation like this year.

Yeah, after Luna then FTX which drives investors away from this market, for now we might be having problem seeing the market
to bounce back it might take some time before we will see another good market run.

But knowing how crypto work, especially Bitcoin the chance of recovering is not by far, it will take time to accumulate and another
momentum to bring those investors back.

A good news that will attract more investors to bring back the money and will push the market up.

peter0425

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Quote from: Chato1977 on December 04, 2022, 09:27:20 PM

how do I care when I was waiting for this to come? I am looking for this drop any time soon because I have funds available to re buy but i wanted this to be cheaper and that lowering like 14k or even 10k must come.

I have to wait for better result in the future at least 2 years time?

Many people will buy because they hope the price can be cheaper, when the price occurs then he will think again to wait for a cheap price again, this is normal because to get a big profit then we have to buy at a low price, sometimes the market is not in accordance with expectations We, when we hope the price goes down but it turns out that the price goes up and if we just wait then we will get a price that is more expensive than now.

but there are also many people that sell while dumping as they felt the pressure and panicking.

and this add dumping to the value of bitcoin and altcoins but this is also a good way of letting us buy in cheaper prices .

but as we can see now that the price is climbing and there are signs that we will see 18k any time again now.

but if not then better to understand that market will climb in perfect time even without news.

Mahanton

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Quote from: ScamViruS on December 27, 2022, 03:49:57 PM

Quote from: capedbaldy on December 27, 2022, 02:31:58 PM

Quote from: ScamViruS on December 27, 2022, 01:42:02 PM

Luna and FTX were two painful incidents for crypto investors that were out of mind for crypto investors. The impact of these two incidents on the crypto market is certainly huge, many new investors have lost faith in the crypto market due to these incidents. I think these incidents will disappear as the market trend changes. So this level of Bitcoin needs to be hold strongly, because if it loses this position now, then something worse can be seen.

Investors have lost investment value because of funds deposited on the FTX exchange and FTX or Luna token assets, painful trauma because investment values have fallen to the lowest point that was never predicted before, so that is the risk if we hold risky altcoins which are very vulnerable to losing value, the market It will take time to recover from that situation even I doubt if the market can touch BTC price for $20k in the first quarter of next year, $16k price is very likely to hit lower back to $15k if bearish conditions persist.

More FUD is brewing to take the crypto market more bearish, after the news of FTX bankruptcy came out the news had a huge impact on the crypto market. And Luna is mainly responsible for starting the huge downtrend in the crypto market. If these incidents had not happened this year, crypto investors would not have been living in such despair. Bitcoin started an uptrend before the collapse of FTX but this bad news is one of the worst in crypto history. Hopefully next year we won't have to see a disappointing market situation like this year.

We've seen lots of negative news and events that we do have on this market just only on this year and it did really make a huge toll for this market to drop this low.If we do look out on the percentage negative that
we do have on this year alone then we could say that this 2022 is one of the worst years that we do have on this Bitcoin market space but we know that everything couldnt really be ending up like this way.
We cant really just be having a bearish market like forever, there's really a reversal where everything would really be going up but the main question for now is on when it would happen?
No one really knows and this is what makes this market truly that unpredictable and there's no way on knowing on what would be happening ahead.

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Quote from: capedbaldy on December 27, 2022, 02:31:58 PM

Quote from: ScamViruS on December 27, 2022, 01:42:02 PM

Luna and FTX were two painful incidents for crypto investors that were out of mind for crypto investors. The impact of these two incidents on the crypto market is certainly huge, many new investors have lost faith in the crypto market due to these incidents. I think these incidents will disappear as the market trend changes. So this level of Bitcoin needs to be hold strongly, because if it loses this position now, then something worse can be seen.

Investors have lost investment value because of funds deposited on the FTX exchange and FTX or Luna token assets, painful trauma because investment values have fallen to the lowest point that was never predicted before, so that is the risk if we hold risky altcoins which are very vulnerable to losing value, the market It will take time to recover from that situation even I doubt if the market can touch BTC price for $20k in the first quarter of next year, $16k price is very likely to hit lower back to $15k if bearish conditions persist.

More FUD is brewing to take the crypto market more bearish, after the news of FTX bankruptcy came out the news had a huge impact on the crypto market. And Luna is mainly responsible for starting the huge downtrend in the crypto market. If these incidents had not happened this year, crypto investors would not have been living in such despair. Bitcoin started an uptrend before the collapse of FTX but this bad news is one of the worst in crypto history. Hopefully next year we won't have to see a disappointing market situation like this year.

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Quote from: ScamViruS on December 27, 2022, 01:42:02 PM

Luna and FTX were two painful incidents for crypto investors that were out of mind for crypto investors. The impact of these two incidents on the crypto market is certainly huge, many new investors have lost faith in the crypto market due to these incidents. I think these incidents will disappear as the market trend changes. So this level of Bitcoin needs to be hold strongly, because if it loses this position now, then something worse can be seen.

Investors have lost investment value because of funds deposited on the FTX exchange and FTX or Luna token assets, painful trauma because investment values have fallen to the lowest point that was never predicted before, so that is the risk if we hold risky altcoins which are very vulnerable to losing value, the market It will take time to recover from that situation even I doubt if the market can touch BTC price for $20k in the first quarter of next year, $16k price is very likely to hit lower back to $15k if bearish conditions persist.

ScamViruS

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Quote from: kotajikikox on December 25, 2022, 10:41:45 PM

LUNA and FTX is still affecting the market , it may take at least another year to stop but if we will hold together? what do you think would be the effect? of course this will help the market at least to be stable in this level.
Bitcoin to 14k is far from happening this 2022 , and maybe coming in the next year who knows? it is the year before the halving anyway.

Luna and FTX were two painful incidents for crypto investors that were out of mind for crypto investors. The impact of these two incidents on the crypto market is certainly huge, many new investors have lost faith in the crypto market due to these incidents. I think these incidents will disappear as the market trend changes. So this level of Bitcoin needs to be hold strongly, because if it loses this position now, then something worse can be seen.

Topic: Stop the panic, I doubt we will see 14k or less Bitcoin (Read 2891 times)