Topic: What happens if BTC's price falls to $8,000? - page 4. (Read 791 times)

I'm definitely not saying it's impossible (because it's always a possibility) — but if you've been in this industry long enough, you'd immediately realize that you shouldn't listen to these so-called "eXpErTs".

Also take note that for every bearish "expert", there will always be a bullish "expert". Listening to them is a total waste of time.

But whatever, if it reaches $8k, I'll be really happy.

A big panic from people
That may happen to them, especially for small and medium investors who already bought bitcoin at a high price and in the market

But the big investor will be happy to buy bitcoin at that price because the price is lower

I suppose I would buy a few more coins.

A big panic from people
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.

The crypto market isn't essentially or intrinsically affected by the situations of other financial markets. The reason it is being dragged along is that many investors trade on multiple markets (together with many other factors). They usually move assets here and there but sometimes, they scrape off multiple assets into their pockets all at once. Some of them treat their crypto assets as a lifejacket, which keeps them afloat when the rest of their assets are sinking. Dependence on crypto usually entails increased sell-offs.

Just when we thought things are starting to quiet down and getting ready to swing back, the Federal Reserve announces that they will raise interest rates and tighten their monetary policy to combat inflation, landing another strong blow on the already beaten financial market. And we're likely to see more interest rate increases in the future until they bring inflation under control. 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.

But of course, the Fed is careful not to trigger a full-scale recession that will take years to reverse so they'll jack up rates slowly to allow economies to grow simultaneously. Aggressive hikes are out of the question. Raising interest rates helps slow down the economy. When the economy reaches a point tolerable for both consumers and providers, it will start increasing its pace again. This will hopefully prevent any unwanted trends in the crypto market.

But like every bear market we've faced in the past, this situation is temporary. No matter how low Bitcoin's price goes from here, it will recover. That's because the only significant issue big investors have with Bitcoin and crypto, in general, is that they are, in the words of ECB chief Christine Lagarde, "worth nothing." And this can be solved by creating an ecosystem where people get used to using cryptocurrencies for transactions and are confident they will hold their value, which can be achieved with additional technological advances.

If there's one thing humans are good at, it's creating technological advances. And if there's one thing that won't slow down or stop from advancing anytime soon, it's technology. So we are heading that way no matter what.

Let those investors impatiently wait because I think the market will stay like this for a while, and it may last until the end of the year. But hopefully, the forecast is wrong, and after the middle of the year, the market starts to reverse upwards so that we can get back to profit again. If the price drops below $8000, I will buy more bitcoins because it's a huge discount for us, and I don't want to miss the moment.

Anything can happen, a red market for almost 7 months of course makes investors impatient and may choose to sell, if the price drops below $8000 then I'm sure it will be difficult to rise, there will be many altcoins and projects that are difficult to survive and make us have to always alert.

I agree, it is a great discount if price falls back to $8000 considering the ability of the Bitcoin market to bounce back and recover to breaking series of ATH.

Sure, weak hands will surely panic but those who have faith in Bitcoin won't budge.  They will see it as an opportunity to bag more BTC.  This kind of price decline already happened way back 2018-19 when the price of BTC plummet hard after reaching its ATH on 2017.  So I think this kind of event won't shrug off holders that had witnessed the previous price crash of BTC.

That picture said it all already . Kidding aside, it will be a disaster for some investors, who easily panic when they see Bitcoin going down.

Some investors see it as a disaster, while some see it as an opportunity. As an investor, the first thing we need to learn is to be patient and calm when everything isn't going into our way. Not panicking is the key, and as much as possible don't make unnecessary decisions that might affect your capital and yourself as well. If you see that cryptos are going down, the best thing to do is to not see the charts at all or at least stay away from crypto.

I will buy more Bitcoin if the price drop to $8,000 even if it not down to 8k I will keep buying down, that is how the cryptocurrency market works it's good to bug at a low price and then sell when the market recover against the dollars. Once one can master the art of buying low you become a super active investor I know many people are waiting for Bitcoin to drop below 10k again for them to get in since they see the present price as too high for them.