What happens if BTC's price falls to $8,000? - page 3.

Pamadar

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Quote from: Sithara007 on May 26, 2022, 09:36:13 PM

Looking at the 4-year cycle that Bitcoin went through ever since it was first mined in 2009, I would say that it is quite possible for BTC to lose much of its exchange rate after the peak of 2021. Look at the history. We had the peak ($1260) in 2013 and then by 2015 it lost almost 85% of it's value to trade at around $200 per coin. Then again another peak was achieved in 2017, when the exchange rate hit $20,000 per coin. Within another 1-2 years, the exchange rate once again nosedived by 85%, and by 2019 Bitcoin was trading at $3,000 per coin.

Will the same happen this time? The peak for 2021 was $67,000 per coin. A 85% reduction would mean a level of $10,000 per coin.

We can't conclude the possibilities, the chance still there if more holders will follow the trend and continue selling

what they are holding, the supply and demand influence the most, without strong holders and traders who can take the full
risk of buying and holding bitcoin.

The momentum to switch back from this current bearish to bullish might take more time and the value to fall according to how
you show previous histories, the chance is really possible to happen.

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Quote from: lienfaye on May 26, 2022, 11:25:33 PM

If that happened then probably investors with weak hands will sell their Bitcoin because of fear. But still, many investors too will take advantage that price to buy more Bitcoin because its an opportunity for people who missed to accumulate before the price reach an ATH before.

Anyway, I believe its not going to happen for the price to return back to $8k value (though there's a possibility). Because currently the standing of Bitcoin is different from before, adoption is already happening and users are growing. Hence if the price will move below $20k, its expected that many investors will buy back, and majority of those people are aware of the history of Bitcoin.

when bitcoin is back at $8k, it's a big disaster for longtime investors, hope is gone. the taste has returned to ancient times where investors have become homeless. but from the other side there will be many new investors who are ready to become successful people in the future. I still doubt the statement that bitcoin can drop back to the price of $ 8k, but that could be a possibility if the Russian war continues to spread to other western countries.

lienfaye

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If that happened then probably investors with weak hands will sell their Bitcoin because of fear. But still, many investors too will take advantage that price to buy more Bitcoin because its an opportunity for people who missed to accumulate before the price reach an ATH before.

Anyway, I believe its not going to happen for the price to return back to $8k value (though there's a possibility). Because currently the standing of Bitcoin is different from before, adoption is already happening and users are growing. Hence if the price will move below $20k, its expected that many investors will buy back, and majority of those people are aware of the history of Bitcoin.

Sithara007

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Looking at the 4-year cycle that Bitcoin went through ever since it was first mined in 2009, I would say that it is quite possible for BTC to lose much of its exchange rate after the peak of 2021. Look at the history. We had the peak ($1260) in 2013 and then by 2015 it lost almost 85% of it's value to trade at around $200 per coin. Then again another peak was achieved in 2017, when the exchange rate hit $20,000 per coin. Within another 1-2 years, the exchange rate once again nosedived by 85%, and by 2019 Bitcoin was trading at $3,000 per coin.

Will the same happen this time? The peak for 2021 was $67,000 per coin. A 85% reduction would mean a level of $10,000 per coin.

cabron

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Funny how these experts are saying. There was even one so called expert said that it can drop to $3-7k soon before its going to shoot up again. Not sure the name of that person but I think he was one of the speaker in Davos recently.

But granting that it will really go that low, more institutions and retail investors are going to come to crypto as they have seen the pattern of crypto market. Its not a secret anymore that it can bounce back again.

Renampun

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if the price of bitcoin drops to $8k, I will buy more because it is a very cheap price...

Quote from: nakamura12 on May 26, 2022, 02:32:07 PM

If that happen then many people will be afraid and some will be brave and my guess is that those people will surely buy more Bitcoin and hold it. You can't predict the price of Bitcoin just like reaching 60k and it could be a short time of price decrease to 8k then back to increase more like a sudden dip and then price increase which will be a great chance for them to be able to own much more Bitcoin compared to current price.

the majority will certainly panic sell and only a few survive and buy more, bitcoin has become a promising investment asset, besides that the amount cannot be manipulated so that it has the potential to continue to rise even though the price dips.

nakamura12

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If that happen then many people will be afraid and some will be brave and my guess is that those people will surely buy more Bitcoin and hold it. You can't predict the price of Bitcoin just like reaching 60k and it could be a short time of price decrease to 8k then back to increase more like a sudden dip and then price increase which will be a great chance for them to be able to own much more Bitcoin compared to current price.

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Quote from: arwin100 on May 25, 2022, 07:11:38 AM

Quote from: maydna on May 25, 2022, 06:23:28 AM

~snip~

To many forecast about the possible price would be reached but actually this is just a guess so chances that this might not happen because many people are starting to move on bear market issues and we see something good happen even if we see the market falls for couple of weeks already. But for sure as old days happened on bitcoin we can still see a price full recovery since this is what whales earning for and for sure they will help to hype up until bitcoin recover back again. If bitcoin would really reach at $8000 then most provably many investors including me will buy bitcoin at that time.

I'm sure a price recovery will come for bitcoin and at that point, the bitcoin price will start to increase and eventually, it will create another new ATH in the future. So we just need to be patient and wait and don't panic if we see the price of bitcoin going down because we are given more opportunities to buy bitcoin again at a low price. But unfortunately, not many people understand and choose to sell their bitcoins at a loss. We will buy bitcoins again if the price drops to $8000 because that is a good time to buy bitcoins.

TribalBob

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maybe the same as the others if the bitcoin price is in the range of 8k$ I will buy BTC again for my savings until the btc returns to 40k$ maybe, but hopefully not up to 8k, a little concerned about btc owners who buy over 8k Sad

even they buy btc when the hype

bussybuddy

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I am not a loser with this market as of now. I am not sure if it will ever fall back to that value, but I will definitely buy myself some more Bitcoin. This period can be bleak for all financial sectors, so I'm fairly observant and don't get caught up in the news and get stuck with the mistakes themselves. Honestly, in the long run, I still think we will see a lot of changes in the market and people will not be able to buy Bitcoin cheaply without a proper plan.

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Quote from: Cookdata on May 25, 2022, 12:32:27 PM

The last time it fell below $4000, heaven didn't fall, the patient investors who never sold enjoyed what it takes to be a holder of bitcoin, and more people became bitcoin holders. If the price should go to that level, I will be happy to buy too and trust me, many will become at least twice what they have been holding all this while in their bags.
While the market is been bearish with many calls, speculation and bad comments, to be sincere I don't think the bitcoin price will fall to that level unless we see something more disastrous than we had during the corona period. Again, if bitcoin should go that low, the stock would come close to an end too.

This should be the thing that we should remember at all times. Yes it wasn't a problem because we recovered. Everyone talks about the big bear year of 2018, well we were 20k and dropped to under 4k at that time, why not focus on that? If you bought it at 4k, and sold it at 68k when it peaked last year, that would have been 17x return in 3 years. Can you imagine that, what type of investment can return 17x ever?

I am not saying that we are going to have the same again, maybe we will, or maybe we won't but I know for a fact that people who did not buy at that time regretted it, and people who are not buying right now will regret it later on as well.

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Quote from: traderethereum on May 23, 2022, 08:33:01 PM

A big panic from people Grin

That may happen to them, especially for small and medium investors who already bought bitcoin at a high price and in the market, there will be a panic sell from them.
But the big investor will be happy to buy bitcoin at that price because the price is lower and they might not see that in the next year.
But after the price reaches the lowest price, sooner or later, the price will bounce and start the rally.

There is not much to say, if bitcoin went that low then the panic will be at max levels, after all it would be fair to think if institutional investors would still hold their coins under that scenario or if such a scenario was created by them as they sold their coins when the price was going down and this forced the price to go down even further, however even during that scenario there will be some buyers willing to take the risk and they will buy bitcoin at that price, expecting for a bull market to come sooner or later.

Sir Legend

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If the bitcoin price goes back to $8000 of course there will be a lot of big things happening, namely creating a big panic in the market so that what happened to Terra will happen to other cryptos, but I wouldn't be surprised if the bitcoin price goes back to $8000, there is always a good chance to invest and hold because I believe bitcoin can rise again even if it takes a long time like what happened in 2014 and 2018.

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How to see the bottom is anyone's guess. If we ignore the sensationalism we can see that the market is maturing, we have more money in the market than ever before, even the largest speculators in the world, are now in the market. The market has grown and matured, but we also should remember that such panic selling is a normal condition of a growing and maturing market, which will eventually correct itself. I expect a retrace of 40%-50% from record highs and more of these kinds of swings in the BTC market to continue until it moves into the "long term sustainable" range.

We also know that Bitcoin will continue to grow over the years and the ecosystem will continue to develop. People are interested in Bitcoin, especially due to the recent news from the traditional markets, people are interested to purchase Bitcoins and other crypto assets, more and more merchants are accepting crypto transactions and individuals are investing, the bitcoin adoption rate is growing at a faster rate than ever.

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Quote from: Mauser on May 24, 2022, 08:42:31 AM

I don't think this a very realistic scenario. A bitcoin price of 8,000 USD would be so attractive for most investors that they would buy all the coins they can get. The price will reflect that new demand and will rise quickly. There are already some bug investors who stated they will buy bitcoins heavily below 20,000 USD. That's why I think the bitcoin price will not stay below 20k if it ever breaches that barrier. For me I would keep buying the lower the price will drop. And if we ever come close to the 10,000 USD level again, I think that people would start taking our loans and buy bitcoins. The inflation is still rising, there is no point in holding cash in fiat money.

It sounds impossible because it's been a long time since we see btc that low but from these past years, btc didn't drop too much anymore. The lowest that it can get are like under 30k but not lower than 25k or 20k. 8k looks too good to be true already but pretty sure that when it happens, there are still greedy people that will not buy it immediately because they believe that btc can drop a little more but for the majority, I think they will think differently this time since.

8k is not something that we see often but it's a rare opportunity. They always say that taking loans are risky especially if use for investing but if btc at 8k is the one that we are talking about, I think many people will ignore that warning and continue to take risk.

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Of course there will be panic in the Crypto market, especially Altcoins. There will be many altcoins that end up dead. Scam coins and projects that cannot survive will continue to be eliminated. Even strong coins and projects such as ETH, BNB, LTC and so on will cause panic selling and drop drastically. Maybe it's the effect if BTC actually plunged into the $8000 range.

However, there is a positive side, many BTC retailers or weak hands will also do panic selling because the BTC price falls and the market will be more filled with BTC supply which will be an opportunity for other holders to make purchases and multiply their BTC.

Of course this would be an opportunity for myself to buy Bitcoin at that price.

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Quote from: Kasabus on May 25, 2022, 10:49:40 AM

Investors who always anticipate that bitcoin price will continue to move up, surely they will start to panic and think that their investments will be over. But for those wise investors who take advantage when there is a big crash, i guess they will never stop on buying bitcoin unless its value surges again. The fact that bitcoin will always recover and increase its value, then there's no reason not to buy when bitcoin is in dip.

That means it will depend on the investors themselves because they are the ones who know best what to do when downtrend and uptrend conditions come.
As long as they have a plan for their investment and know that the crypto market will always be volatile, they will not panic and can use the moment to their advantage.
When the price goes down, they can buy bitcoins and when the price goes up, they can sell bitcoins and make a profit.

Quote from: Dunamisx on May 25, 2022, 12:29:18 PM

let's be real and practical here bitcoin price can never and will never go down as low as that, we are talking about $8k where on earth? consider the last limit it could go dip to be the rate it pick up from the last Halving, the lowest it could go is within the range of $20k and after which it likely to break the all time record of $68k and once this is achieved, is it also believed that whenever there's a dip run it cannot go below the $68k of ATH after the 2020 Halving, bitcoin has a strong resistant to withstand any volatile changes in its price as you cannot make comparison with other cryptocurrencies.

We will never know where the price of bitcoin will go and can only speculate.
You can remain optimistic but always remember that the price of bitcoin will indeed go up and down.
There is a possibility that the price will rise above ATH in the future and there is also a possibility that the price will fall as it is now again in the future.

Quote from: Dunamisx on May 25, 2022, 12:29:18 PM

it is believed that whenever there's a bearish move on bitcoin price speculation, investors makes a quick move to secure a position for an investment most likely on a long term, yes this is the possibilities everyone could best look in for when it happens this way, buying low and selling high to make profit but over a long period.

For wise investors, they must already have a plan to deal with every possibility in the market.
The security measures they will take will also be in line with market conditions.
At this point, I think investors are starting to look for positions to buy again as the price is still below $29k.

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Quote from: roadrunnerjaiv2025 on May 23, 2022, 07:22:24 PM

.. One expert says that if economies don't hold up amid these hikes, Bitcoin's price might plunge further to about 70% of its current price, which is around $8000...

If this really happens and clear enough when to be, I must collect more $ again and again in order to buy the BTC at that time and hold them for long-term investment, at least until the next bullish era. It will be wow. And if the price cannot rise up, that's my own risk. But I personally agree that how down Bitcoin price will happen in the bearish era, this will turn back to the new ATH again in the new bullish era. So, what should worry about and panic? Just be siw and careful enough before decisng something and not pushed by FUD ony

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Quote from: bitzizzix on May 25, 2022, 01:48:54 PM

If the price of bitcoin drops to $8000 I will not repeat that mistake again and this is a dream come true or an event that will repeat itself, and I will not waste it.
I will buy as much bitcoin as I can afford and I will even sell something expensive to buy it, and I will just sit back and wait for the bitcoin price to hit ATH considering the history going in 2021 is over 68,000 and maybe if history repeats it will hit $100,000 New ATH.
and if it comes true i will buy as much as i can and wait for the bitcoin price to hit $100,000 although it will take a long time because i already know it due to history, even though it will not be possible and just a dream if the bitcoin price drop reaches $8000.

Simple to say but when you are on the situation on where the market had really dropped this low then for sure you would really be having that hesitation because you would be thinking off
on why bitcoin dropped this low too much? Is there something wrong in the market? Would there be some new coins in the market which is better than with bitcoin?
Would the price would go even more lower further? For sure these are the main questions and doubts that you would have in mind on the time like this. Cheesy

bitzizzix

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If the price of bitcoin drops to $8000 I will not repeat that mistake again and this is a dream come true or an event that will repeat itself, and I will not waste it.
I will buy as much bitcoin as I can afford and I will even sell something expensive to buy it, and I will just sit back and wait for the bitcoin price to hit ATH considering the history going in 2021 is over 68,000 and maybe if history repeats it will hit $100,000 New ATH.
and if it comes true i will buy as much as i can and wait for the bitcoin price to hit $100,000 although it will take a long time because i already know it due to history, even though it will not be possible and just a dream if the bitcoin price drop reaches $8000.

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