What Will Be bottom Of BTC in 2022 Year ( Current Price= $16000 ) - page 3.

Fundamentals Of

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Quote from: LittleBitFunny on November 23, 2022, 12:15:30 AM

Quote from: Lucius on November 21, 2022, 07:35:27 AM

All in all, for those who have witnessed bear markets in the past, this should not be too stressful a period, because after the rain, there is always sunshine. It is also an opportunity for all those who have constantly complained that Bitcoin is too expensive, and now have the opportunity to buy at a really reduced price, unless it is still too expensive for them. The question of all questions is, do you believe that the time will come again when we will see some new ATH, maybe finally with numbers of six digits?

Yes, for those who have experienced previous bear seasons, it is completely normal for bitcoin to plummet like this. There's no stress and this is clearly the opportunity we've been waiting for a long time. I don't know if anyone here is like me but I would like to see bitcoin hit 10k this bear season and I hope it happens next year. Bitcoin hit six digits it's only a matter of time but I hope before bitcoin gets there bitcoin will drop even more Wink

.

Quote from: Fundamentals Of on November 22, 2022, 09:56:12 PM

... There are still a number of companies that will probably crash sooner rather than later. This will definitely add to the bearish sentiment.

Have you heard the news about Grayscale, the largest Bitcoin trust? Currently, they are said to be holding 633,570 bitcoins and if things go badly for Grayscale then things will be much worse than what FTX did.

Yes, I have read the news about Grayscale. I understand if they are not following the steps taken by other platforms that show proof of reserves. It is for security's sake. But I think they need to at least have a reliable third party auditor to take a look at their financial condition to somehow assure the public and their clients that they are not hiding anything and that they're in perfect health.

But Coinbase has since been transparent in saying that they are holding 635,235 Bitcoin on behalf of Grayscale. So that's more than $10 billion. This has somehow assured people that Grayscale is not about to go bankrupt just like FTX.

Welsh

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The bottom doesn't really matter, a lot of users get obsessed by the bottom, and when is the perfect time to invest. However, most of us would miss it even if we predicted the bottom correctly, whether that's due to the time frame it hits that bottom or just not having the capital to invest. My advice has always been to not concentrate on the news or what's the best time to invest. I think the most important would be to at least hold your Bitcoin for a number of years after your initial investment, since it's deflationary by design.

Also, after this recession people will be looking for alternatives which will mean more adoption for us.

TravelMug

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Quote from: Lucius on November 23, 2022, 11:46:27 AM

Quote from: LittleBitFunny on November 23, 2022, 12:15:30 AM

I don't know if anyone here is like me but I would like to see bitcoin hit 10k this bear season and I hope it happens next year. Bitcoin hit six digits it's only a matter of time but I hope before bitcoin gets there bitcoin will drop even more Wink

.

Everyone who buys wants a lower price and that is logical, while those who have already bought above the current price do not want the price to fall so low, because that would be very critical considering that the price would fall so low to even 50% of ATH from 2017. Perhaps it should be taken into account that the lower the price falls, the harder it will be to recover, because investor confidence will be greatly shaken.

I just hope that all those who say all the time that BTC is too expensive will still take advantage of the opportunity that is offered now, because if you buy some smaller amounts there is not too much difference between $16k and $13k.

Yes, we have heard about investors here complaining that the price is very expensive and yet, when the price goes down hard, they are not buying and insist on waiting for it to drop even further. Of course we want to buy at the very cheap price. However, if we have seen a huge dip just like what we are right now, $16k, this is back to 2017 price, everyone should take advantage of it and continue to accumulate overtime.

Lucius

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Quote from: LittleBitFunny on November 23, 2022, 12:15:30 AM

I don't know if anyone here is like me but I would like to see bitcoin hit 10k this bear season and I hope it happens next year. Bitcoin hit six digits it's only a matter of time but I hope before bitcoin gets there bitcoin will drop even more Wink

.

Everyone who buys wants a lower price and that is logical, while those who have already bought above the current price do not want the price to fall so low, because that would be very critical considering that the price would fall so low to even 50% of ATH from 2017. Perhaps it should be taken into account that the lower the price falls, the harder it will be to recover, because investor confidence will be greatly shaken.

I just hope that all those who say all the time that BTC is too expensive will still take advantage of the opportunity that is offered now, because if you buy some smaller amounts there is not too much difference between $16k and $13k.

LittleBitFunny

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Quote from: Lucius on November 21, 2022, 07:35:27 AM

All in all, for those who have witnessed bear markets in the past, this should not be too stressful a period, because after the rain, there is always sunshine. It is also an opportunity for all those who have constantly complained that Bitcoin is too expensive, and now have the opportunity to buy at a really reduced price, unless it is still too expensive for them. The question of all questions is, do you believe that the time will come again when we will see some new ATH, maybe finally with numbers of six digits?

Yes, for those who have experienced previous bear seasons, it is completely normal for bitcoin to plummet like this. There's no stress and this is clearly the opportunity we've been waiting for a long time. I don't know if anyone here is like me but I would like to see bitcoin hit 10k this bear season and I hope it happens next year. Bitcoin hit six digits it's only a matter of time but I hope before bitcoin gets there bitcoin will drop even more Wink

.

Quote from: Fundamentals Of on November 22, 2022, 09:56:12 PM

... There are still a number of companies that will probably crash sooner rather than later. This will definitely add to the bearish sentiment.

Have you heard the news about Grayscale, the largest Bitcoin trust? Currently, they are said to be holding 633,570 bitcoins and if things go badly for Grayscale then things will be much worse than what FTX did.

Reatim

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Quote from: fennic on November 20, 2022, 11:58:30 PM

Hi guys today I saw btc has gone down almost 3 to 4% and and now it is moving at Avergae of 16000 dollars and that is alarming cause if it goes down below 1550 dollars than it might crash for almost 2000 dollars more and that's my guess and I think that it might crash further too.
And also 2022 is going to slow down and so what are you thinking about what will be the lowest price of Bitcoin in 2022 Fiscal Year.

Nothing is certain here mate , price may drop low to 10k or it may grow to 20k again the thing is no one really knows but what we can see now is that the price seems to be dipping more .
this can go around at least below 15k before the month is over.
and will recover next month to at least 20k?
this is what I am expecting because my funds will be transfer to another coin once it achieved.

Wexnident

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Who knows. I assumed we would've bottomed out and wouldn't go down back to $16k after that $20k, but then FTX happened and we've had some bouncing back here and there. I doubt we'd go down even more than say, $14k unless another big news that negatively affects the market pops up, or well, the market just wants to. Then again even if it goes down I'd say it's still a good moment to buy even now since as you've said, we came down from $69k, compared to buying then, it'd be better to buy it now instead and bide your time.

Fundamentals Of

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$15,000 is possible just as $13,000 is also possible. The possibilities are numerous especially now when the news are dominated by negative ones started by the collapse of FTX. And since it was not just a collapse of a big crypto exchange but also a collapse of the entire business group which is comprised of so many platforms, I am expecting that the effect would be carried to the next month or even year. There are still a number of companies that will probably crash sooner rather than later. This will definitely add to the bearish sentiment.

STT

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Couldnt say immediately but we do have recent positive reaction in price action which should be noted and followed for its progress. If price remains above a weekly average, no matter where it has been or the general negative sentiment, retaining that momentum should be considered positive trending.

So target upside would be about 16.5k and confirming above there has me looking positive going forward

Silberman

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Quote from: adaseb on November 22, 2022, 12:53:36 AM

Impossible to predict because all of this is news driven.

If more exchanges fail, more market makers fail, more bankruptcy then obviously it’ll go lower. If there is no more bad news we obviously bottomed. If we get good news we can rally past $20K very quickly even.

The fact that all of this is news driven makes predicting the bottom a useless exercise, as there is nothing we can take a look at the charts right now to predict what it may happen, even if the charts gave an indication the bottom is already in if another exchange or big coin collapsed then it is obvious the market will react to it and go lower than the level we thought to be the bottom, so right now it makes more sense to keep ourselves up to date about the events surrounding the market in order to predict short term trends.

Little Mouse

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Quote from: buwaytress on November 21, 2022, 07:44:56 AM

Interesting, I'm seeing quite a lot of 12k estimates for bottom buying. Personally, don't think it's possible without another major item of negative news, but also feel that if we do see 12k from current estimates, then it might just trigger further downsides given just how jittery the entire market even outside of crypto is -- the bounce from there should be just as spectacular though?

I just want to get in with the balance I have now for buying BTC. If I see $12k, I will be all in. Otherwise, I'm following my strategy to buy in DCA method. Well, it's very possible to get further dip once it hit $12k, I'm not expecting instant bounce back or even a bounce back within a year. As I said, I just want to get rid of my USDT I have for buying BTC and I would be happy to get the maximum from the budget. So, it doesn't matter a lot for me even if BTC gets further dip from $12k.

adaseb

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Impossible to predict because all of this is news driven.

If more exchanges fail, more market makers fail, more bankruptcy then obviously it’ll go lower. If there is no more bad news we obviously bottomed. If we get good news we can rally past $20K very quickly even.

Baofeng

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Quote from: fennic on November 20, 2022, 11:58:30 PM

Hi guys today I saw btc has gone down almost 3 to 4% and and now it is moving at Avergae of 16000 dollars and that is alarming cause if it goes down below 1550 dollars than it might crash for almost 2000 dollars more and that's my guess and I think that it might crash further too.
And also 2022 is going to slow down and so what are you thinking about what will be the lowest price of Bitcoin in 2022 Fiscal Year.

Isn't it alarming already when the price goes from $69k to $16k? So why are you still in panic mode just this time? And it doesn't matter if it crashed in the future or if it goes down hard to $10k or less.

It's the question on how you are going to take advantage of the situation. The price is very cheap, are you not going to buy and just be the one who panic? And then when the bull run starts you will be the one buying at $60k? That's very wrong mindset of a beginner, and perhaps you are going to regret your decision in the future for panicking in 2022 and not accumulating more.

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Quote from: fennic on November 20, 2022, 11:58:30 PM

Hi guys today I saw btc has gone down almost 3 to 4% and and now it is moving at Avergae of 16000 dollars and that is alarming cause if it goes down below 1550 dollars than it might crash for almost 2000 dollars more and that's my guess and I think that it might crash further too.
And also 2022 is going to slow down and so what are you thinking about what will be the lowest price of Bitcoin in 2022 Fiscal Year.

You cannot say that Bitcoin price will you fall to what you cannot believe because one of the things I want us to understand he that before bitcoin has four and the rise again and this is not the first time neither the second time bitcoin will increase in price so I believe that the price of Bitcoin will soon rise again but a bird does not understand in such way of Bitcoin technology

LFC_Bitcoin

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Always do your own research but in my opinion we are looking at a likely chance we go lower. If you really pushed me for a prediction I would say $12,000 to $14,000. We could go even lower but I would say my prediction has a good chance of being a reality.

Now is a good time to buy though, you can wait for lower but if lower doesn’t come you will be regretting not buying now. Bitcoin is going mainstream, do not get left on the sidelines.

buwaytress

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Quote from: Little Mouse on November 21, 2022, 01:46:54 AM

My order from 9th November would get filled @$12000.

Interesting, I'm seeing quite a lot of 12k estimates for bottom buying. Personally, don't think it's possible without another major item of negative news, but also feel that if we do see 12k from current estimates, then it might just trigger further downsides given just how jittery the entire market even outside of crypto is -- the bounce from there should be just as spectacular though?

Plaguedeath

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Simple answer: No one know since there's no person has a crystal ball.

Are you trying to wait until the bottom to buy Bitcoin? it's not a wise idea since you're keep waiting and waiting, you wouldn't place buy order until the price hit the bottom. This will make you to lose the moment to buy the bottom, it's better if you do DCA strategy from now. Maybe the bottom is $16? so you're already buy the bottom. People say next year might be worse than this year, but as I said previously: No one know.

Lucius

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If there is no new negative news, then the price will probably stay above $15 000 until the end of this year, although we can all only speculate about that. All markets are quite shaken, and Bitcoin has been further shaken by recent events, so most investors are on high alert in anticipation of what will happen next.

All in all, for those who have witnessed bear markets in the past, this should not be too stressful a period, because after the rain, there is always sunshine. It is also an opportunity for all those who have constantly complained that Bitcoin is too expensive, and now have the opportunity to buy at a really reduced price, unless it is still too expensive for them. The question of all questions is, do you believe that the time will come again when we will see some new ATH, maybe finally with numbers of six digits?

ajiz138

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Nobody knows all analysis and also charts can't determine the lowest price of bitcoin in 2022 but speculation is a lot saying under $15k is possible but I'm not sure about that and I'm just following the market moves.
If you believe in the lowest decline in this year and already know about the predicted numbers then do an entry if you don't want to miss it or for me to buy now it's lower enough so I'm not completely on the analysis that makes my belief not fully believe it.

Doan9269

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Quote from: fennic on November 20, 2022, 11:58:30 PM

Hi guys today I saw btc has gone down almost 3 to 4% and and now it is moving at Avergae of 16000 dollars and that is alarming cause if it goes down below 1550 dollars than it might crash for almost 2000 dollars more and that's my guess and I think that it might crash further too.
And also 2022 is going to slow down and so what are you thinking about what will be the lowest price of Bitcoin in 2022 Fiscal Year.

I believe this thread will best fit on speculations as it deals with bitcoin price prodictions, regarding the price of bitcoin, if you notice how the rate of the price speculation remains being volatile this days you will discover that there's no such indication that it can move down below the $15k it has once attained while the same efforts has being lingering to trigger it up above $20k but yet the resistance was high, this will be thesame experience we will be having althrough the end of this year before we begin to enter into a new height that will be above $20k next year.

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