What happens if BTC's price falls to $8,000? - page 5.

aoluain

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Quote from: ChiBitCTy on May 24, 2022, 11:32:20 AM

What happens if bitcoin falls to $8,000? ..then it does. Nothing happens in that case. I personally highly doubt that we will ever see bitcoin under $10,000 ever again but if it does then I see it as a great buying opportunity. This "expert" saying he thinks bitcoin will drop to $8,000 is really nothing more than a click bate headline. He has no clue, just like no one does, where bitcoin is going to head. You can use charts for technical analysis, but fundamentals outside of that can easily change it.

I dont think Bitcoin would get the chance to go even that low, there would be massive
buy pressure well above $10k.

If by some miraculous chance it did hit $10k I would take a FIAT loan and buy Bitcoin,
therefore my weekly or monthly FIAT loan payment for a few years would be like buying
Bitcoin every week or month at $10k.

Odusko

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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.

Ryu_Ar1

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I will not assume like this because indeed in this case I want to continue to maintain trust and the strength of my heart to get good suggestions there.
wishing for the worst will actually make us more afraid of things like this and indeed do not have any courage there.
Even if something like this is still possible but of course this is a fraction of a percent of all possibilities

24Kt

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Quote from: Fatunad on May 24, 2022, 03:56:09 PM

Quote from: TheNineClub on May 24, 2022, 02:07:49 PM

Quote from: roadrunnerjaiv2025 on May 23, 2022, 08:22:24 PM

The crypto market isn't essentially or intrinsically affected by the situations of other financial markets.

I would have to say that this isn't true. While seemingly not connected to any government or nation, crypto is affected by economic situations as much as anything else. Crypto is still considered an investment and when the economy is in the toilet, people tend to not stretch out and put their hard-earned money into any investments, no matter how good or bad they are. And crypto is still mostly considered an investment rather than a potential of an actual functioning currency.

Crypto market isnt really that fan on having some correlation on things that happening around in the market thats why it wont really be that precise if you do make out some analysis which tying up with the current market conditions or economic state globally.It isnt really bad on having some look up with these situations or events but dont fully rely when it comes to immediate effects but actually we wont really
able to know if it does or does not affect crypto market.If ever bitcoins price falls to 8k once again then i wouldnt really hesitate on making a huge buyback. Cheesy

But that price level? I don't think we will go back again to that level. But in this market, sometimes you should be ready for surprises. For those who are regretting that they haven't bought bitcoin, why not start now collecting some while it is seemingly in the bearish mode? Don't wait very long because once it starts recovering, you may have no chance of buying at the price you want. We have our own targets when it comes to crypto portfolio, so better make up your mind and don't just invest in new alts with high possibility of failure. But when it comes to bitcoin, it won't disappear or crash badly. If in case it will crash, we have high chance of recovering but project like Luna, I don't think they have chance of recovery.

Fatunad

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Quote from: TheNineClub on May 24, 2022, 02:07:49 PM

Quote from: roadrunnerjaiv2025 on May 23, 2022, 08:22:24 PM

The crypto market isn't essentially or intrinsically affected by the situations of other financial markets.

I would have to say that this isn't true. While seemingly not connected to any government or nation, crypto is affected by economic situations as much as anything else. Crypto is still considered an investment and when the economy is in the toilet, people tend to not stretch out and put their hard-earned money into any investments, no matter how good or bad they are. And crypto is still mostly considered an investment rather than a potential of an actual functioning currency.

Crypto market isnt really that fan on having some correlation on things that happening around in the market thats why it wont really be that precise if you do make out some analysis which tying up with the current market conditions or economic state globally.It isnt really bad on having some look up with these situations or events but dont fully rely when it comes to immediate effects but actually we wont really
able to know if it does or does not affect crypto market.If ever bitcoins price falls to 8k once again then i wouldnt really hesitate on making a huge buyback. Cheesy

TheNineClub

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Quote from: roadrunnerjaiv2025 on May 23, 2022, 08:22:24 PM

The crypto market isn't essentially or intrinsically affected by the situations of other financial markets.

I would have to say that this isn't true. While seemingly not connected to any government or nation, crypto is affected by economic situations as much as anything else. Crypto is still considered an investment and when the economy is in the toilet, people tend to not stretch out and put their hard-earned money into any investments, no matter how good or bad they are. And crypto is still mostly considered an investment rather than a potential of an actual functioning currency.

fiulpro

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This is highly unlikely, even if the price touches the half of right now people are going to rush to buy which would inturn create a buffer for them causing the whole thing to somehow get better in terms of the price also there are many more countries looking to invest in Bitcoins which means the government would somehow also pour in their savings which have been done by a lot of companies as well. For me that's highly unlikely, even if all the whales sell their coins they only account for 50% of the supply thus the individual holders might still look for a better opportunity to sell.

m2017

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keep walking, Johnnie

I don't think bitcoin price can go down to $8,000. Times are very different now, and bicoin has grown strong enough and gained power. People have already seen bitcoin price jump repeatedly, which is unlikely to scare them again and therefore, there will always be a large part of holders who, under no circumstances, will panic like others.

For us to see the price of $8,000, something completely extraordinary must happen. For example, Craig Wright will finally find his lost keys to wallets with ~1,000,000 BTC and prove that he is the true ~~Faketoshi~~ Satoshi. After that, it will massively sell them, collapsing bitcoin market to $8,000. But I think it's more likely that aliens will come to us with the aim of investing in bitcoin than this will happen.

Hypothetically, what would I do if bitcoin price dropped to $8,000, then ... I would sell my kidney and buy bitcoin.

This can only happen once in a lifetime and it's a sin to miss it.

suzanne5223

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Quote from: roadrunnerjaiv2025 on May 23, 2022, 08:22:24 PM

The crypto market isn't essentially or intrinsically affected by the situations of other financial markets.

Not every time because at some point cryptocurrency market is also affected by the situation of other financial markets.

Quote from: roadrunnerjaiv2025 on May 23, 2022, 08:22:24 PM

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.

First, I hope you don't misunderstand that the decision of the Federal Reserve announcement to shrink its asset portfolio as the reason behind the current downtrend of the crypto market because the decision will only increase borrowing costs and literally more money will be printed but in the real life this is not a solution because they are making the same mistake all over again.

Having said that, the current downtrend of the crypto market is a normal market correction that always happens after the ATH price market, and if it happens that BTC fall to $8000 what will happen is that all experienced investors will accumulate more of it because it will always make a new ATH price after halving.

Altryist

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The price of 8000 seems unlikely, even now the 29k level is holding well. And if it happend then I think it will not be for long, maybe it will be like a short-term squeeze, when people in a panic will rush to sell on the falling wave. But after that, large players will quickly buy back this level and bitcoin will be able to return to its previous levels. But I think that the price will not fall to such values.

ChiBitCTy

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What happens if bitcoin falls to $8,000? ..then it does. Nothing happens in that case. I personally highly doubt that we will ever see bitcoin under $10,000 ever again but if it does then I see it as a great buying opportunity. This "expert" saying he thinks bitcoin will drop to $8,000 is really nothing more than a click bate headline. He has no clue, just like no one does, where bitcoin is going to head. You can use charts for technical analysis, but fundamentals outside of that can easily change it.

Leviathan.007

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We already saw what's going to happen if the price falls down to the lower prices with a spike and sharp price movement, the first thing is the panic from the people who are not really familiar with this market so I guess considering the price of 8K is too lower than the current price we can see huge panic from people. Also, everyone who is a long-term bitcoin invetros knows that's not now the real price of bitcoin so I guess there will be many buyers and we can see a pull back just after a few seconds or minutes.

serjent05

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Quote from: traderethereum on May 23, 2022, 09:33:01 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.

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.

Quote from: buwaytress on May 24, 2022, 09:51:14 AM

It would be a significant opportunity to build back of course,

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.

Quote from: buwaytress on May 24, 2022, 09:51:14 AM

but any more emergencies after that and I'll exit at a poor price.

We can't do anything especially when the fund is badly needed but I think if that (BTC price dive deeper) is the case, we need more trust and faith in Bitcoin and its market.

DrBeer

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Nothing bad will happen. More precisely, fiat security is transferred from one hand to another. Other hands will redeem bitcoin "at the bottom", for the difference between profits and invested funds, and will wait for growth. Or they won’t, but they will invest in agriculture, for example, given the situation in the world. Maybe someone will jump out of the window. Or maybe just get drunk. And that's it. Nothing more global will happen, because ... the crypt, as yet, does NOT affect the real world in any way.

famososMuertos

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LE ☮︎ Halving es la purga

The thing is that when you talk about bitcoin there is a history (price) that defines it and you talk about the tragedy of its present without looking at its history (data), that "theoretically" reverses that bitcoin will endure any debacle in its price, so far it has always.

The point is that you mention that "the FED" does this, that interest rates, that a world effect, blah, blah, then they sell us the cheap and repetitive speech that the current situation is the product of a recent event, really! and now they include bitcoin and its price as a "..." gauge.

The world economy is on crutchesnow, in fact I think it has not left its wheelchair ( 2007).

buwaytress

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Quote from: mk4 on May 24, 2022, 01:44:19 AM

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

I'll be close to feeling as happy/nervous/panicked as in March 2020, for sure. My holdings today at that price would be just little under twice the dollar amount I had in March 2020 -- had to sell quite a bit at the end of that year (thankfully, when 20k was around the corner) so have not really been able to stack back since then.

It would be a significant opportunity to build back of course, but any more emergencies after that and I'll exit at a poor price.

No regrets, definitely happier than sad (ha sob ha).

Mauser

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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.

LogitechMouse

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casinosblockchain.io

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.

noorman0

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[Nope]No hype delivers more than hope

Sounds good.
It was a clean-up phase starting with weak hands including those who believed in expert opinion, and some bullshit altcoin lists that filled aggregator sites. I actually love it if someone throws bitcoins at me for being too cheap and thinks it's the end of their journey in this space. Yep, maybe a lot of wholetraders and institutions put up caps like me when bitcoin really hits $8k.

You will have no chance of owning even a small amount of yours in the future if you sell it.

arwin100

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Jack of all trades 💯

Then maybe this is perfect time to buy since for sure many whales will think about that this is the dip that they are waiting for. Imagine if those new people will experience that bitcoin reach on its new ATH before but suddenly it drops at the worse $3k+ level and that follows with heavy long days of bear market season for sure many of them will rant around here and think that bitcoin or even the whole crypto market will die. So basically if that case would really happen just make sure you have balance to buy bitcoin for you not to miss any open opportunity offered by bitcoin itself.

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