Bitcoin Forum

Economy => Speculation => Topic started by: digifinex.official on January 07, 2021, 02:54:46 AM



Title: What if Bitcoin drops to $15,000?
Post by: digifinex.official on January 07, 2021, 02:54:46 AM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?


Title: Re: What if Bitcoin drops to $15,000?
Post by: OscarDavidson on January 07, 2021, 03:48:47 AM
If bitcoin fell down to $15k, I would definitely buy as much as I can ;D I've already had such an opportunity when BTC went down below 4k but then I had less hope in the crypto market. Now I changed my mind about Bitcoin's future and my faith is getting stronger with each new ATH.


Title: Re: What if Bitcoin drops to $15,000?
Post by: Aliceooo78 on January 07, 2021, 03:58:08 AM
it's like the stock market. institutions buy it at a low price and then sell it high. similar to stock, bitcoin is manipulated as well. we individual buyers are supposed to observe carefully, obtain profit and resist loss.
when it drops, stay calm, do as the institutions do. when you have had enough of it, sell it when high 8)


Title: Re: What if Bitcoin drops to $15,000?
Post by: sunsilk on January 07, 2021, 04:01:31 AM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?
You just answered your question in your title. That whenever bitcoin plummets to $15k or so and other low prices, there will be a series of loading up and quick buy orders from the institutions and not just them but also individuals who have missed those buying opportunities.

As we see, they're willing to buy at $30k-$37k and that will be in favor of them if it happens that bitcoin's price drops a lot. But are you still thinking that it will happen? it can happen but unlikely.


Title: Re: What if Bitcoin drops to $15,000?
Post by: plr on January 07, 2021, 04:25:10 AM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

The possibility is slim at this point in time where momentum is very high, but if ever it drops to $15k then you are in for a big luck, and this is such a big opportunity for all of us here, since we can buy Bitcoin at this level again, just like what happen when Bitcoin drops when the news of the pandemic broke out.


Title: Re: What if Bitcoin drops to $15,000?
Post by: JimboToronto on January 07, 2021, 04:31:57 AM
The chance of it ever dropping to $15k is close to zero.

Sorry noobs maybe you should learn about Bitcoin before posting such nonsense.

This isn't some silly stock market trading game.


Title: Re: What if Bitcoin drops to $15,000?
Post by: exstasie on January 07, 2021, 08:18:52 AM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

I'm pretty open-minded about how far pullbacks can go, but $15K is totally out of reach. Stop dreaming. :P

$22-25K is a good zone to catch the knife from here, if you're lucky enough to see it. That's a 34-42% decline from the most recent top. Not sure I would bet on it though, not until we actually see some downside momentum. These little $1,000 selloffs aren't going to cut it.


Title: Re: What if Bitcoin drops to $15,000?
Post by: GideonGono on January 07, 2021, 08:31:59 AM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?
If it falls down to $15,000 then there would be some who would doubt it and it would take time before it goes up again.
Just take a look at the past just like in 2017 it went high almost reaching $20,000 but even though it goes down below $5,000 it took to long for it to go $19,000 again.
If the price drops down with a huge number like that people would have doubt and wouldn't just jump in like how we expect it to be.
If you are also an investor you should know that when things are getting messy you would have doubt about it and sometimes you would just let it be and keep distance from it.


Title: Re: What if Bitcoin drops to $15,000?
Post by: cryptomaniac_xxx on January 07, 2021, 09:52:58 AM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?
First if this is to happened, there could be like a covid-19 or similar world events that will really pull back not just crypto market but the rest of the traditional system. I'm not saying it will not happen, but highly unlikely. Second, just a mere drop of 10%-20% this institutions are going to get more bitcoins that wont allow the price to dip as low as $15k. Just like what we have witnessed already, from $33k-$29k, $4k difference but the price soon bounce back to $33k and now we are looking healthy for a $40k run.


Title: Re: What if Bitcoin drops to $15,000?
Post by: Reatim on January 07, 2021, 10:03:25 AM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?
I don't know what comes to Your Mind asking this , but when Bitcoin reached the Highest Value before this 2020 the price fell down to 4k and that did not hurt the market that Bad.

What more today that Institutional investors are inside and Investing ?

One thing for Sure , that i will Buy all the asset i have when 15,000 fall happens.

The chance of it ever dropping to $15k is close to zero.

Sorry noobs maybe you should learn about Bitcoin before posting such nonsense.

This isn't some silly stock market trading game.
Obvious that OP is just trying to bring FUD in this triumphant Market but of course Zero effect .



Title: Re: What if Bitcoin drops to $15,000?
Post by: Karartma1 on January 07, 2021, 10:04:58 AM
If you guys are uncomfortable regarding where the price is now just place your stop-loss orders and be content. You have all the possible parachutes at your disposal, use them and stop complaining about something which has not happened (at least yet!).
Take some profit home and live with it. ;)


Title: Re: What if Bitcoin drops to $15,000?
Post by: Janation on January 07, 2021, 10:22:33 AM
We don't know if it will drop that low.

All I know is that since we are seeing the price that we have right now, and it drops that low, there will be a lot of people that would surely invest and reinvest at that drop. They will be taking that dump as an opportunity to drive the price to another ATH or maybe back to the price we have right now. Like what happened when the price dropped at $3K.


Title: Re: What if Bitcoin drops to $15,000?
Post by: Dave1 on January 07, 2021, 10:23:06 AM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

No one can time the market, even if it drop to $15K, this is a perfect opportunity to everyone, not just companies but even average joe who complain that the price is too high. A road to $100K doesn't mean who should go down at least $15k, we can have 10%-20% corrections then a bounce and recovery of 30%, and then it repeats the cycle before hitting 6 digit figures.


Title: Re: What if Bitcoin drops to $15,000?
Post by: blckhawk on January 07, 2021, 12:02:17 PM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?
It's pretty obvious don't you think? If bitcoin does fall $15k or even more then that would be an opportunity not only in institutions but also for the individual to load up and reaching $100k USD is now kinda feasible right now due to the fact that the growth is rapidly increasing. It is likely a cycle, if Bitcoin dumps everyone will buy, and if Bitcoin pumps they will sell. That's just a typical scenario, you don't even need to think anything more than that, just buy at low and sell at high.


Title: Re: What if Bitcoin drops to $15,000?
Post by: maxreish on January 07, 2021, 01:32:46 PM
It can be possible that bitcoin may hit that bottom price. I remember the time when it touched down to $3k and many were really buy more bitcoin at that time enjoying their profits right now. But of course there should be a great movement of whales before that happens.

While other holders will be disappointed if this dump happens,  other find this as an opportunity to accumulate more. Institutions most likely will be glad to hold more bitcoins.  Although some predicted bitcoin to achieve $100k at it's peak but most likely the bullish market is still strong.


Title: Re: What if Bitcoin drops to $15,000?
Post by: Jating on January 07, 2021, 01:39:00 PM
It can be possible that bitcoin may hit that bottom price. I remember the time when it touched down to $3k and many were really buy more bitcoin at that time enjoying their profits right now. But of course there should be a great movement of whales before that happens.

That is a different scenario, 2018's drop is simply because we are in a bearish market so obviously the price will really suffer and bleed. 2020's $3K'ish is also different, the pandemic scare really affected the whole financial market that time.

While other holders will be disappointed if this dump happens,  other find this as an opportunity to accumulate more. Institutions most likely will be glad to hold more bitcoins.  Although some predicted bitcoin to achieve $100k at it's peak but most likely the bullish market is still strong.

Definitely, when there is blood on the street, then we should buy because they are at a discount. As far as institutions are accumulating though, they are into bitcoin whatever price it is, because they see it as an instrument to hedge their assets.


Title: Re: What if Bitcoin drops to $15,000?
Post by: el kaka22 on January 07, 2021, 05:59:55 PM
I would say it wouldn't really be a big deal because bitcoin was 7k just the start of last year, that would mean we would have 2x from the start of 2020, people are missing those points. Sure you may have bought from anywhere above 15k and that would be something bad for you in the short term, but in reality we are talking about people who didn't buy at high prices, the ones who did are usually whales and some small investors who did would be hurt for short term but would be fine long term. Like I said before, even if you bought at 20k from 2017, you would in big profit now.

So do not worry, 15k is not the boogie man, it is just a regular price, it would be a decent price too, and next time we go up, we would need to go up a lot less to reach peak levels this time around. Also I still think we would be probably 20k+ even after a crash happens if it happens.


Title: Re: What if Bitcoin drops to $15,000?
Post by: DustyRah on January 07, 2021, 07:13:23 PM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

If it drops to $15,000 or not, PayPal and Square and all others will continue to load up. The institutions have a single goal. To acquire as much of Bitcoin. There is no going back now!

Grab on to whatever you can, its going to be a bumpy ride up!


Title: Re: What if Bitcoin drops to $15,000?
Post by: thecodebear on January 07, 2021, 07:56:13 PM
Literally no chance of it dropping to $15k. If we look at 2017, serious corrections during that bull run were around 40% (and that was with panic selling retail investors driving the bull run which is very different than today), it just hit $40k so a 40% correction would be $24k. Institutions would eat up every sell order on the books if they could get their hands on $25k Bitcoin again. A drop below $30k is still in the realm of possibility this month I'd say, though unlikely. We just saw a drop to $36k that looks like that was the best sellers could do as its already bought back up to $39k - likely just one more quick bear trap in the series of bear traps the past few months before pushing higher. By next month sub-$30k is gone for good, let alone $15k haha.

Institutions are dramatically raising the floor of the Bitcoin market by finally starting to step in the past few months. It no longer makes sense to talk about prices at or below the 2017 peak. The 2017 peak was tiny compared to the market that is forming now. In a few months we'll be wondering if the price could ever go below $50k again. Honestly, 5 digit BTC prices are not long for this world. Five digit prices will probably be like two digit prices were back in the day: briefly hit them, them went below for a long while, then tore through them straight to three digit prices and only came back for a revisit for a short time before leaving them for good. That seems likely to play out for five digit prices over the next 12 to 18 months - we'll hit six digits this year, probably see a correction for a few months back to five digits, and then leave it behind forever as Bitcoin matures at the six digit level for numerous years before we finally reach that $1 million MOON.


Title: Re: What if Bitcoin drops to $15,000?
Post by: coinbiz on January 07, 2021, 08:46:32 PM
Most people who think it "won't ever touch $15k again" haven't been around since the early days.  Every bull run so far has been followed by a bear market decline of a minimum of 80%

Don't be over-confident.  What goes up must come down.  The positive though is that the bear market declines are getting less severe over time, and the price is stabilizing as it goes higher.  

The last bear market was a crash of nearly 85%.  Many alt coins crashed 99% lol.  

Reality check - the US economy is at an all-time high and stocks are increasing despite record unemployment and many other indicators of poor recovery outlook.  

Bitcoin is rising due to Tether (China capital outflow) and stimulus pumping companies.  As 'wallstreet' becomes more intertwined with bitcoin, the price correlates more closely with US economic indicators.  

What happens if the US economy tanks?

My prediction is that those institutions that bought have agreed upon stop loss points where their investors will not tolerate any further losses.  Those kinds of selloffs will easily cause a bear market decline of 70-80%.  

I enjoy every couple years a bunch of overly optimistic people come here saying "it's never going as low as $$$" and then a couple years later a bunch of overly pessimistic people say "it's never going as high as $$$... bitcoin is done" lol.  It's a cycle.  Just search this forum in 2018 and look at the pessimism.  When the prices are low, people lose faith.  When the prices are high people lose sight/IQ.

Ride the waves, but just know it goes in both directions.  Don't get caught up in the hype train or the doom gloom.  Ultimately we will go to $1mil, maybe not in my lifetime, but who knows.




Title: Re: What if Bitcoin drops to $15,000?
Post by: ene1980 on January 07, 2021, 08:58:41 PM
Looking at the market right now it is impossible to predict that the market will go down below $15000 until there is a big correction and right now the market is around $38,417 and if we see a correction then all the big investors will dump all their investment and the fall could be bigger and if that happens it will take a much longer time to recover. $50k is inevitable looking at the current valuation before we see any major correction.


Title: Re: What if Bitcoin drops to $15,000?
Post by: JimboToronto on January 07, 2021, 09:25:58 PM
Most people who think it "won't ever touch $15k again" haven't been around since the early days.  Every bull run so far has been followed by a bear market decline of a minimum of 80%

Don't be over-confident.  What goes up must come down.  The positive though is that the bear market declines are getting less severe over time, and the price is stabilizing as it goes higher.  

The last bear market was a crash of nearly 85%.  Many alt coins crashed 99% lol.  

Reality check - the US economy is at an all-time high and stocks are increasing despite record unemployment and many other indicators of poor recovery outlook.  

Bitcoin is rising due to Tether (China capital outflow) and stimulus pumping companies.  As 'wallstreet' becomes more intertwined with bitcoin, the price correlates more closely with US economic indicators.  

What happens if the US economy tanks?

My prediction is that those institutions that bought have agreed upon stop loss points where their investors will not tolerate any further losses.  Those kinds of selloffs will easily cause a bear market decline of 70-80%.  

I enjoy every couple years a bunch of overly optimistic people come here saying "it's never going as low as $$$" and then a couple years later a bunch of overly pessimistic people say "it's never going as high as $$$... bitcoin is done" lol.  It's a cycle.  Just search this forum in 2018 and look at the pessimism.  When the prices are low, people lose faith.  When the prices are high people lose sight/IQ.

Ride the waves, but just know it goes in both directions.  Don't get caught up in the hype train or the doom gloom.  Ultimately we will go to $1mil, maybe not in my lifetime, but who knows.

Well look at that... a noob telling experienced Bitcoiners what is what, or is this just your newest account. If so, what was your old user name?
___

Nobody is saying Bitcoin can't crash by 80% of its value but the chance of it happening this early in the bull run is extremely unlikely.

You also have to consider that previous bubbles were driven by retail FOMO and crashed by retail weak hands. Institutional investors don't have weak hands.

The current bull run has been largely the result of institutional investment. Retail FOMO is just starting to join the party. When the time for a major correction occurs it will probably be much smaller than during retail-based runs.
___

Anything can happen. Black swan events occur... e.g. last March's short-lived Covid-19 crash.

Actual experience is the best teacher. How many of these cycles have you ridden out?


Title: Re: What if Bitcoin drops to $15,000?
Post by: Wysi on January 07, 2021, 10:19:14 PM
Yes in case if Bitcoin drops down to $15k we will have users lined up to fill their wallet with bitcoin because nobody would like to waste one more opportunity to buy at low, but as usual there will be FUDs lile we had FUDs during January 2019 when Bitcoin was struggling. But again patience and emotional control place a major role here because some of them who are not familiar with market and recently invested into bitcoin will panic sell thus causing blow to value of Bitcoin which will gradually improve when users reinvest into Bitcoin. I don't think Bitcoin will go back to $15k atleast in first quarter of 2021.


Title: Re: What if Bitcoin drops to $15,000?
Post by: Pearls Before Swine on January 07, 2021, 10:29:54 PM
If bitcoin fell down to $15k, I would definitely buy as much as I can ;D I've already had such an opportunity when BTC went down below 4k but then I had less hope in the crypto market.
You had less faith in the market because the price was dropping, and that's the whole point of buying low and selling high.  You have to have the stomach to buy bitcoin when things aren't looking so rosy.  It's real easy to start buying it now that it's being mentioned on all sorts of mainstream media news outlets and the price seems to be going up every day.  But that's when the smart people are selling, the ones who bought bitcoin when it was being slaughtered.

Just remember that if and when bitcoin hits a price point like $15,000 again.


Title: Re: What if Bitcoin drops to $15,000?
Post by: Kelvinid on January 07, 2021, 11:32:26 PM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?
I understand that some get worried about the possible huge correction and that is what we exactly have to prepare in the future as it can't be avoided, that even $10k or even below. I believe that this can be happing in times that institutional investors are done and full already which the demand will possibly be going down.

But, if that time will come, I know that small investors or even some merchants are happy as they can buy more Bitcoin for a cheap price.
I'm sure that some have that plan already and they are just waiting for the right time.


Title: Re: What if Bitcoin drops to $15,000?
Post by: thecodebear on January 08, 2021, 12:41:39 AM
Most people who think it "won't ever touch $15k again" haven't been around since the early days.  Every bull run so far has been followed by a bear market decline of a minimum of 80%

Don't be over-confident.  What goes up must come down.  The positive though is that the bear market declines are getting less severe over time, and the price is stabilizing as it goes higher.  

The last bear market was a crash of nearly 85%.  Many alt coins crashed 99% lol.  

Reality check - the US economy is at an all-time high and stocks are increasing despite record unemployment and many other indicators of poor recovery outlook.  

Bitcoin is rising due to Tether (China capital outflow) and stimulus pumping companies.  As 'wallstreet' becomes more intertwined with bitcoin, the price correlates more closely with US economic indicators.  

What happens if the US economy tanks?

My prediction is that those institutions that bought have agreed upon stop loss points where their investors will not tolerate any further losses.  Those kinds of selloffs will easily cause a bear market decline of 70-80%.  

I enjoy every couple years a bunch of overly optimistic people come here saying "it's never going as low as $$$" and then a couple years later a bunch of overly pessimistic people say "it's never going as high as $$$... bitcoin is done" lol.  It's a cycle.  Just search this forum in 2018 and look at the pessimism.  When the prices are low, people lose faith.  When the prices are high people lose sight/IQ.

Ride the waves, but just know it goes in both directions.  Don't get caught up in the hype train or the doom gloom.  Ultimately we will go to $1mil, maybe not in my lifetime, but who knows.




Been around since 2013. Not worried about $15k prices. Just like I wasn't worried about a $1000 price once the bull run heated up in 2017.
There will be corrections, but prices like $15k are long gone. And we also can't compare what will happen in the future to previous cycles. Institutions are changing the game. We could have no big bear market at all in the years to come, or we could have one in a year or so but the price goes to $200k or $300k first and only drops to $100k in the bear market. It's becoming a different market now that big money is stepping in. Don't expect the same rules apply as when most of the money coming into the market was from people FOMOing into the market having just heard of Bitcoin and having no idea what they were doing and thinking they were about to be rich.


Title: Re: What if Bitcoin drops to $15,000?
Post by: coinbiz on January 08, 2021, 02:38:52 AM
Most people who think it "won't ever touch $15k again" haven't been around since the early days.  Every bull run so far has been followed by a bear market decline of a minimum of 80%

Don't be over-confident.  What goes up must come down.  The positive though is that the bear market declines are getting less severe over time, and the price is stabilizing as it goes higher.  

The last bear market was a crash of nearly 85%.  Many alt coins crashed 99% lol.  

Reality check - the US economy is at an all-time high and stocks are increasing despite record unemployment and many other indicators of poor recovery outlook.  

Bitcoin is rising due to Tether (China capital outflow) and stimulus pumping companies.  As 'wallstreet' becomes more intertwined with bitcoin, the price correlates more closely with US economic indicators.  

What happens if the US economy tanks?

My prediction is that those institutions that bought have agreed upon stop loss points where their investors will not tolerate any further losses.  Those kinds of selloffs will easily cause a bear market decline of 70-80%.  

I enjoy every couple years a bunch of overly optimistic people come here saying "it's never going as low as $$$" and then a couple years later a bunch of overly pessimistic people say "it's never going as high as $$$... bitcoin is done" lol.  It's a cycle.  Just search this forum in 2018 and look at the pessimism.  When the prices are low, people lose faith.  When the prices are high people lose sight/IQ.

Ride the waves, but just know it goes in both directions.  Don't get caught up in the hype train or the doom gloom.  Ultimately we will go to $1mil, maybe not in my lifetime, but who knows.

Well look at that... a noob telling experienced Bitcoiners what is what, or is this just your newest account. If so, what was your old user name?
___

Nobody is saying Bitcoin can't crash by 80% of its value but the chance of it happening this early in the bull run is extremely unlikely.

You also have to consider that previous bubbles were driven by retail FOMO and crashed by retail weak hands. Institutional investors don't have weak hands.

The current bull run has been largely the result of institutional investment. Retail FOMO is just starting to join the party. When the time for a major correction occurs it will probably be much smaller than during retail-based runs.
___

Anything can happen. Black swan events occur... e.g. last March's short-lived Covid-19 crash.

Actual experience is the best teacher. How many of these cycles have you ridden out?

Noob because I deleted many of my old posts.  I registered in Jan 2014.  Had hundreds of posts before, decided to delete them for certain reasons.  Bought bitcoin in 2012-2013.  Not worried about any price drops, just find it funny how sentiment changes so quickly during the bull / bear markets.  It's literally day and night.  All skepticism seems to escape during a bull run and all faith is gone during a bear market.  I've ridden out plenty of waves.  

I suppose I'm a bit against the idea of institutional investment in general.  I want them out.  That's some bias I have.  Bitcoin was intended to destroy the existing financial institutions and replace them.  I'm a bit bummed that all the craze these days is about which big bank is hopping on the crypto wave.  


Title: Re: What if Bitcoin drops to $15,000?
Post by: bitterguy28 on January 08, 2021, 03:30:31 AM
After posting this one and looks Bullish

Bitcoin (BTC) is hitting new highs almost every few hours!

https://coinmarketcap.com/id/headlines/news/bitcoin-btc-at-34000-average-trader-returns-at-historic-high-levels/

Now here you are Posting in different manner in which Bearish ?

No wonder what would be you next Post from he re.


_________________


There's No ay that we can expect this dump sooner , Market is stronger than the past , it can sustain the needs and the demand for the whole year round.


Title: Re: What if Bitcoin drops to $15,000?
Post by: thecodebear on January 08, 2021, 04:16:18 AM
I suppose I'm a bit against the idea of institutional investment in general.  I want them out.  That's some bias I have.  Bitcoin was intended to destroy the existing financial institutions and replace them.  I'm a bit bummed that all the craze these days is about which big bank is hopping on the crypto wave.  


That line has always been complete bullshit.

Bitcoin is an open payment and value storage network. It's not an army! It's not some revolutionary force coming to take over banks and throw the bankers in the streets. It's a technology, free to use by anyone, including banks. THAT'S the point!

Unlike the current system, which favors the people with money and power and makes it hard for those that don't already have those things to gain them, Bitcoin doesn't favor anyone, but it doesn't disfavor anyone either. You literally just have to buy in to get the advantages, and the earlier you buy in, the more you gain as a reward for understanding that Bitcoin/crypto is the future of money.

You can't want the institutions out of Bitcoin anymore than you can want anyone else out of Bitcoin. Saying you want some particular group of people out of Bitcoin is saying you want a new closed system that is identical to the old closed system except you just want the power now. You wanting banks out is completely antithetical to the whole idea of Bitcoin. Some people don't seem to understand what an open system is.

I'm always blown away when so-called bitcoiners say shit like this and don't realize they are promoting the exact system they claim to hate but just saying they want to be among the insiders who gets to pick and choose who may participate and profit off the system.


Title: Re: What if Bitcoin drops to $15,000?
Post by: LogitechMouse on January 08, 2021, 05:48:54 AM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?
I'm an open-minded person. I've always into probabilities when something related to investments or crypto is involved.
Now the chance of Bitcoin going down to $15,000?? 0% :).

With the institutions coming into the market, it is a signal already that we are in a good position as of this moment and what happened in the past years where a huge decline happen is almost impossible to happen right now. There are some supports right now. $29,000 is considered a support right now which is the 20 daily MA followed by $23,000 which is the 50 daily MA. After all, Bitcoin to $15,000 seems impossible but a part of my head is telling that "anything is possible in crypto" :D.


Title: Re: What if Bitcoin drops to $15,000?
Post by: thecodebear on January 08, 2021, 06:07:15 AM
Yeah $15k ain't a worry. For the current market play, I took a little profit at $38k and set buy orders with that at $33k and $35k. I doubt it'll even go that low but if it does I get a nice pickup. Looks like a little wedge is forming since the dip to $36k this morning, not sure if it will go below that. More likely we'll see further upside in the next few days.


Title: Re: What if Bitcoin drops to $15,000?
Post by: Botnake on January 08, 2021, 07:07:32 AM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?
Institutional investors are just like typical investors, they also have fear in investing and it's possible that they will panic when the price dump. of course not everyone, some will buy more and some will panic, but let's see what will happen because bitcoin is till bullish at the moment.


Title: Re: What if Bitcoin drops to $15,000?
Post by: exstasie on January 08, 2021, 09:04:58 AM
Most people who think it "won't ever touch $15k again" haven't been around since the early days.  Every bull run so far has been followed by a bear market decline of a minimum of 80%

Don't be over-confident.  What goes up must come down.

Sure, but from where?

Bitcoin just crossed the 2017 ATH, and is only 2x above it. For it to crash into a bear market now would be totally unprecedented. We could go an order of magnitude higher first.

So yeah, an 80% drop from $300K? Definitely possible! But that gets you $60K, not $15K. ;)

Another data point working against you: no Bitcoin bear market has ever broken below the prior cycle's ATH. For that reason, sub-$20K is probably off the table.


Title: Re: What if Bitcoin drops to $15,000?
Post by: robelneo on January 08, 2021, 10:37:08 AM
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

They are here, now and many more institutions are coming in, this will stabilize the price of the market and make it not fall to $15 k, PayPal continuously buying Cryptocurrency, and institution are now holding and still keep on buying they are targeting to be the major player in this technology I guess some experts prediction are coming true and we moving forward for the growth of the community.


Title: Re: What if Bitcoin drops to $15,000?
Post by: Ektra on January 08, 2021, 05:31:49 PM
Most people who think it "won't ever touch $15k again" haven't been around since the early days.  Every bull run so far has been followed by a bear market decline of a minimum of 80%

Don't be over-confident.  What goes up must come down.

Sure, but from where?

Bitcoin just crossed the 2017 ATH, and is only 2x above it. For it to crash into a bear market now would be totally unprecedented. We could go an order of magnitude higher first.

So yeah, an 80% drop from $300K? Definitely possible! But that gets you $60K, not $15K. ;)

Another data point working against you: no Bitcoin bear market has ever broken below the prior cycle's ATH. For that reason, sub-$20K is probably off the table.

The late '13 pump 'only' reached 4x the previous ATH of $260. And then it famously crashed well below it. Scaling up to take account of the bigger, slower, deeper market we have now it seems to me totally plausible that the bubble could burst before 100k. Really the whole shape of the market since 2016 is strikingly similar to a macro version of 2012-13, with '17 being similar to the April 13 peak and this one shaping up to be like a slow motion nov '13. Conditions and sentiment are quite different now to 2017, the newbies are more optimistic than the old lot and you can tell this just by looking at the way the market has ratcheted up since early 2019. Very different to the uncertainty and doom of 14/15 and even '16. Just like late 2013 vs the people who felt the pain of the 2011 crash, people feel invincible.

Put another way, if 2017 was a big elliot wave III, this is the V, just like april 13 was the iii and november was the v.

Never say never but I think it may be unwise to get married to the idea of a 2017 rerun. We're already just as vertical as the steepest parts of 2017.


Title: Re: What if Bitcoin drops to $15,000?
Post by: Furious 7 on January 08, 2021, 05:38:28 PM
Yeah $15k ain't a worry. For the current market play, I took a little profit at $38k and set buy orders with that at $33k and $35k. I doubt it'll even go that low but if it does I get a nice pickup. Looks like a little wedge is forming since the dip to $36k this morning, not sure if it will go below that. More likely we'll see further upside in the next few days.
It is true that the trawl to buy at a price of 37k is enough but there is no possibility that this will be straightforward and in essence bitcoin will still be successful it should be in the next few days but I am here to maintain the correction when it starts to fly high so be ready to go down so we have to Be prepared at a predetermined number, but with many institutions that the bullrun is likely to continue many media outlets are reporting that this increase could lead to greater adoption of other companies.
Hope this can happen.


Title: Re: What if Bitcoin drops to $15,000?
Post by: LUCKMCFLY on January 08, 2021, 06:31:44 PM
That is mere speculation, we cannot say that it will fall at that price, as the market is doing I think it is stabilizing at a good price, taking more liquidity, for now it is most likely that it will continue to rise, since there are many recognized companies that are betting for Bitcoin.


Title: Re: What if Bitcoin drops to $15,000?
Post by: thecodebear on January 08, 2021, 07:01:14 PM
Most people who think it "won't ever touch $15k again" haven't been around since the early days.  Every bull run so far has been followed by a bear market decline of a minimum of 80%

Don't be over-confident.  What goes up must come down.

Sure, but from where?

Bitcoin just crossed the 2017 ATH, and is only 2x above it. For it to crash into a bear market now would be totally unprecedented. We could go an order of magnitude higher first.

So yeah, an 80% drop from $300K? Definitely possible! But that gets you $60K, not $15K. ;)

Another data point working against you: no Bitcoin bear market has ever broken below the prior cycle's ATH. For that reason, sub-$20K is probably off the table.

The late '13 pump 'only' reached 4x the previous ATH of $260. And then it famously crashed well below it. Scaling up to take account of the bigger, slower, deeper market we have now it seems to me totally plausible that the bubble could burst before 100k. Really the whole shape of the market since 2016 is strikingly similar to a macro version of 2012-13, with '17 being similar to the April 13 peak and this one shaping up to be like a slow motion nov '13. Conditions and sentiment are quite different now to 2017, the newbies are more optimistic than the old lot and you can tell this just by looking at the way the market has ratcheted up since early 2019. Very different to the uncertainty and doom of 14/15 and even '16. Just like late 2013 vs the people who felt the pain of the 2011 crash, people feel invincible.

Put another way, if 2017 was a big elliot wave III, this is the V, just like april 13 was the iii and november was the v.

Never say never but I think it may be unwise to get married to the idea of a 2017 rerun. We're already just as vertical as the steepest parts of 2017.


Depends on if you view 2013 at two separate bull runs, or a double peak in a single bull run. Granted there was a full 80% crash immediately after the first 2013 peak, though I believe it very quickly in a matter of days after that went to double the bottom price (~$45 to ~$105) so more like a 60% crash really. And then just 6 months later it had another peak 5x higher than the first peak.

Now I do agree we could get a double peak this year similar to '13. I think institutions are pushing this thing up too fast and they will start to get scared of stacking more sats if it goes up another 50% or so quickly. We could see a peak in the next month or two perhaps in the $60k - $80k range. But I don't think there is any way we get an 80% crash or have it take 6 months after that for it to start pushing new ATHs again like in 2013. Institutional investors would come back in at lower prices and stop the crash in its tracks.

It could be something like we go over $60k in Feb, then a couple weeks to crash down to $30k, it then stabilizes between $30k and $40k with institutions eating up all that cheap bitcoin from people who are still stupidly selling. Or maybe $50k is major resistance and it ranges between $40k and $50k for a month or so like at $20k. Then by April/May it's pushing back over $50k and heading towards and over $100k by late summer / early Fall. Maybe this then repeats and we see it crash back down under $100k over the Fall/Winter, and then by mid 2022 it's pushing past $200k.

For sure it is going up too fast, but that is because long term institutional buyers are getting in for the first time, and they have so much more money than was already in the market, even just throwing a very tiny amount of their money into Bitcoin is enormous compared to all the money that was previously in Bitcoin. So while the price is going up too fast, the floor is also rising dramatically. It won't be too long before the floor is where the price currently is, in which institutions would jump at the chance to buy Bitcoin at $40k on a correction.


Title: Re: What if Bitcoin drops to $15,000?
Post by: exstasie on January 08, 2021, 08:24:54 PM
Another data point working against you: no Bitcoin bear market has ever broken below the prior cycle's ATH. For that reason, sub-$20K is probably off the table.

The late '13 pump 'only' reached 4x the previous ATH of $260. And then it famously crashed well below it.

That's arbitrary. April and November 2013 were obviously two legs of the same bubble cycle. After that bubble popped, price remained comfortably above the 2011 high of $32.

Same idea after the 2017 bubble popped, with price remaining comfortably above the 2013 high of $1,163.

There is no guarantee this pattern will continue of course, but I wouldn't bet against it.

We're already just as vertical as the steepest parts of 2017.

To me, the angle looks like the April-May leg of the 2017 rally.


Title: Re: What if Bitcoin drops to $15,000?
Post by: fullhdpixel on January 09, 2021, 03:57:52 PM
Most people who think it "won't ever touch $15k again" haven't been around since the early days.  Every bull run so far has been followed by a bear market decline of a minimum of 80%

Don't be over-confident.  What goes up must come down.

Sure, but from where?

Bitcoin just crossed the 2017 ATH, and is only 2x above it. For it to crash into a bear market now would be totally unprecedented. We could go an order of magnitude higher first.

So yeah, an 80% drop from $300K? Definitely possible! But that gets you $60K, not $15K. ;)

Another data point working against you: no Bitcoin bear market has ever broken below the prior cycle's ATH. For that reason, sub-$20K is probably off the table.
Also even if there is a 15k level, that means we would be higher than what it was in early September, so it would be a fall not that far from now. Back when price reached 20k and dropped to 3k, it dropped to a level that was hard to recover from, it took us years to get back here, and we just doubled that in no time. It means if it ever went to 15k, we would still have a better base to get back higher as well, it would be simpler.

And we are not done going up like you said, which means we could potentially be at super high levels and still go down to higher than previous levels. I disagree that it will be 300k, but if it is 100k, that means even with a 80% drop which I doubt will happen, it is going to be 20k. That is why this drop doesn't really scare me, I am fine with it and I think whenever that crash comes, it is going to be not too harsh.


Title: Re: What if Bitcoin drops to $15,000?
Post by: Question123 on January 09, 2021, 04:26:36 PM
Bitcoin is continously increasing day by day, if the bitcoin down at 15k dollars people are still buying because they are looking for the price again to pump, 100k dollars if happen probably next several years it is possible but nos our goal is to hits 50k dollars because we already in the $40,000. Dropping bitcoin value is possible it will happen anytime because bitcoin is unpredictable and hoping it not happen now.