Bitcoin Forum

It went up at christmas as it usually does, but then it kept going up a bit.  $20-30K was about the reasonable price.

Then NFTs came along.  Like all bubbles they blew BTC up.  Then musk and doge took off and it went up further.  Finally coinbase floated and it hit is peak. 

Coinbase flopped miserably, musk started bad mouthing btc and NFTs stalled.  It was all bound to end in tears.

Honestly, i see btc back in the $20K region before the end of the month.

There is an old saying, what goes up must come down  :D ;D ;) :D :D

It was way over extended, no doubt about it. Kind of was getting ridiculous after a while. Now it just faces reality - that being it will drop hard and long.

@Samthehero, has said it all with parable that what goes down will surely goes up, Bitcoin can't crash and it never be the time of cryptocurrency to end up, what actually is in position of cryptocurrency that is really making people to feel that cryptocurrency is about to crash is due to the falling price.

We all should flash back in 2018 and 2020, the price of Bitcoin because it increase to this extent, using the previous years mentioned above to compares with the level of price of Bitcoin in 2021, the merging is very clear and different, so Elon musk is one of the major factor while Bitcoin is falling in price, so believe that cryptocurrency will soon boom up highest june second week or third week.

That's good news, as the increase was parabolic. You guys bought the dip? ;D

I can see it getting there later today :)

If the market will crash today or for the next few days or when the bitcoin reaches $30,000 then probably it is a sign that the market will be crashed and we need to pull out our assets in order for us not to gain a huge loss. I remember there are so many people who become MOFO when the dogecoin arise and many people buy it and a lot also put on hold their money due to the sudden dump of the dogecoin. I don't want to see my fellow traders experience those kinds of losses.

Meanwhile Dogecoin is sinking like a tank... down to 21 cent in 1 minute!!  I told you guys but you never listened, you like listening only to your master Elon Musk, you'll get musked in the end.

You could be right.  :)

What infuriates me the brokers wont allow you to buy anything.

Either the transaction fails or it says I must wait 2-3 days for it to finish.

Making it impossible to buy the dip.

Careful what we wish for!!

Fight the crash!

Burn addresses:

DOGE
DMsxe9eBRCqYfgQe2UboKjYxx4RLroaAB1

BTC
1JpDzTQWDHbdWeCdKPznSxK2SzHMGCpEQn

ETH
0x486B42c2bD135C8AB57A0f97A99F3a67E5369c28

SHIB
0xB8cA4A3087f818B72628B331256EfcF67FD9FDF3

I see price bellow $20,000. There is no support there. What I'm afraid is that possibly not even $10,000 will hold. Maybe, not idolizing people and less fomo will help next time to find a sustainable growth, if there will be a next time.
In a few months it is possible that all models will fail. S2F, trolololo charts, Hodl ratio and everything we follow can be invalidated easily. All the signs were coming for months, increase of scams, publicity for Bitcoin and scam useless coins by celebrities, Floyd Maywether once again, stable coins excessive printing, it was going to be an innevitable disaster.

To be honest, I was surprised it lasted so long with the price being very high for months. Also, if the price never drops below $20k, I think it would be a great success. After all, only a year ago it seemed like a great price, so I believe it still is. As for thoughts in Dogecoin in this thread, I don't think it's so simple to predict its further way. It will go down unless Elon Musk does something like start accepting it as a payment for his Teslas, and something like this seems likely to happen because he likes Doge and tweeted that he's looking into crypto solutions.

To me the dip is still profitable to some investors that bought after pandemic fall from $3k, can you remember what happened then, the newbies into the game sold at loss and went out of position, that's insane thing to do.

Honestly, everyday is not a Christmas, and don't let it sink in your mind that you should be profiting everytime in crypto, Musk rejection on bitcoin does not necessarily means that the price will be dumped forever, if that's the case then pandemic would have crashed it down forever.

I guess this is just a correction, Bitcoin needs a cleanup from Elon Musk who is currently manipulating prices. I am sure crypto will recover soon, now the signal from some telegram channels is very good. They support the hike, and make the most of this moment.

Made 0.7 eth on the dip.  I can live with that.

After dropping to $30K region, Elon tweeting that Tesla has diamond hands hehe. That may mean bottom has been reached and accumulation phase is over for these people.

Why use broker? There are P2P options or decentralized exchanges.

Also the opposite can be done as well "Whatever goes down pump back"  :D ;D ;) :D :D

Looks like, everyone wants bear market as they want to fillup their portfolio with more bitcoin before it hits $100k. Big players of crypto industry are trying to make awareness not to believe any fuds, but panic users are busy to sell so that we can buy in dip.  ;D

Haven't read the so-called bitcoin newspapers lately, now's the NFT crazed doing?
The last article with numbers and details I've read was from business insider back in April and it was something about a 30% drop in value month to month.
I can't wait till the defi craze takes a hit also, time to separate the few projects that are somewhat viable ins special cases from all the other 99% useless garbage that was just riding the fomo train.


It still has 30% over BTC in the last 7 days and a lot compared to a year period.
For the older bagholder the ride was still more profitable, even for those that bought after the first tweets,  for the ones that jumped on the bandwagon when Elon said it will improve it, yeah, this is one improvement everybody could live without.


Already reached 30k, did you sell?

I don't think it could go down to $20k, the market capitalization still over $1.5T, so, it should lose another $0.5T to see that crash happening, and the market already gets drained. If people start selling big amounts now they will lose their money.

Now is the time when we see the real holders in action.

This is the very worst year honestly so we need to accept the fact.. And hopefully next year it will become fine again like there's no such issues .
And btw for me panicking on this situation is actually not good to do wherein its always good to relax because its not the end of crypto indeed this seems a beginning..  And if it will go below 20k like what you said, then its still safe mate and still have a chance to recover like what always happen, so don't lose hope..

You are right I totally agree. Fall and wake again, good news bad news. Everything is well connected only we sometimes make the wrong position. As long as the consensus on technical and fundamental analysis is still in agreement, we must be happy. Because those who go down will rise again. Incidents like this have happened and are adventurous, we just need to be patient and if we have more funds buying more is a great option.

After such a deep price drop, it is too late to sell our cryptocurrency. Selling now, it will definitely be at a loss. It is already necessary to hold the cryptocurrency until the next wave of price growth. The price growth of Bitcoin and other cryptocurrencies could not take place for a very long time, and some were already looking forward to the market fall after they sold a significant part of their cryptocurrency and took profits. This should really be done periodically during high price highs and low lows. Then any cyclical market movements will be perceived as a boon for making a profit.

This correction is much needed and I agree on the $20k range you mentioned. I personally see it dipping closer to $10k or lower. You know an asset is overbought when everyone and their mom is buying in.

In general, this is a popular point of view about a return to the level of 20 thousand dollars, but when we grew up and will be at the level of 55 thousand, everyone said that we would come to a price of about 100 thousand, someone even predicted all 300,000 dollars for us by the end of the year. I would like to urge you not to make unfounded predictions. Negative news is coming to us from all sides, so don't panic, please. I have not kept anything for a long time and I sold everything when the price was attractive. Now I just wait for the "bottom" to buy again and wait for a new rise.

And tell the opposite of it too after it has come down. But that's the fact in cryptocurrencies and such markets, when we've seen such high prices and it's been staying there for a long time, you must ask yourself if how long you're going to see it stay there. Well, here it goes and the market just plunged too hard and bad and many haven't been prepared for it to come and that's why it's such a surprise for many other investors and to those who got FOMOed and bought above $40k although it's still a good price to buy if you have an aim for $60k and above.

We were all expecting this. But how did NFTs cause the price of bitcoin to rally? And everyone knew that NFT hype would end anytime soon (people are still selling memes!). And how exactly did coinbase flopped? The stock started to crash after bitcoin crashed (was expected too). And you shouldn't blame Musk for the crash. Blame those people that sold. They caused the price to crash. As far as I know Tesla has no intention of selling their bitcoins. If it does go back to $20,000, its going to be a really great opportunity to buy more.
It's still 35 cent. Doge dropped the same time bitcoin went down to $31,000.

Unfortunately, every ascent has a descent. Again, the scenario proceeded in a similar way. We were on the rise at Christmas time, then we had a nice bull season and finally it was what it should have been and the bear season that I thought was going to be hard started. If it continues to decrease at this rate, the market will drop to 20 thousand dollars before 1 month.

Alternatively, every descent has an ascent or vice versa, it doesn't really matter if the prices will go down in 1 month, the market will recover in the long-term and if you think about it, you have to be smart and panicking in the short-term is going to be a fruitless effort.

Next few days will say wether we are over the big dip or not.  I say not. 

I dont get you guys, fundamentals havent changed, the dip is normal like it always have been.
BTC and Crypto will stay and rise and i am glad these puppets of Elon have been burned

The reason that they do that is because they want to feel like they are thinking much more superior than the other people in this platform so they have to say something whenever there is a dip in the prices.

For those who have been here since a long time I guess it's nothing new. We saw dips worst than these and it was about time that the tree got shacking to remove the fruits which aren't good.
I keep repeating myself, this market is susceptible to all sort of crap and those who want to stay here over the long run must be prepared.

Wait but what is Reasonable price? is there any specification if how much would be the value of bitcoin?


sorry if i miss something here.

well is that the right explanation why Bitcoin climb high? does the big company invested inside is the one?
Musk is not part of the system anyway so lets back to reality.
Really? then Hold on tight because you will be Gone from the train.

Remember when the price that time went below 3k? It was the year 2019 to be specific. I gotta admit that I got a tiny shook that time because that's way too low now. It was like going farther from the past prices, but then it surged up all the way up to 10k again. It's just the way of the market as it is.

Now that we have experienced the second time since 2017 that it went so high up and comes crashing down. My question to myself is, would this happen again? Do you think in a few years we will see another ATH for Bitcoin? I mean it took 3 years from 2018 to 2021 before it went up again. Do you think it will go crazily up again and come crashing down again? If it crashes then we holders will keep on holding, and we will buy more in the dip and wait for the next paycheck in a couple of years.

This is a vision shared mainly by investors and hodlers in order to accumulate sats  but sadly BTC isn't going anywhere below $30k. About $31k was where it got to yesterday before the bulls stepped in to strengthen there end and pushed the price all the way to $38k where it is about today. I think its going to rally on from there and eventually get back to $50k.

Its the way of the market, a correction is always need for a healthy system as the price can't just keep going up like it was a big a bubble. A shrink is in order and I can say that is what we just experienced and its done, the least that could happen now is watching BTC slowly going back up until about $50k again.

It is not a cryptocurrency investment if the market always increases from time to time, because the ups and downs of the cryptocurrency market are natural, because to get profit for investors and traders is to take advantage of moments like today when other people panic sell due to negative information circulating.

The market is witnessing worse phase of this year but it's still very much above the previous year when prices were at ATH of $20k so it will not affect even it reach there.Musk would not be able to ruin Bitcoin image for long and crypto market will recover soon and skyrocket again so buy at dips instead of panicking.This crash has wiped out $800 billion of market because of panic sellers shifting to other options and total market cap is at $1.5 trillion from $2 trillion.Those who invested at base stone do not need to care about falls.


When prices were surging we all were happy but now when it's down why we need to panic rather hold for long term and gain profits for long run.

Market now look like stable. Price of btc increasing. But, Market can down anytime. It’s normal to up, down in cryptocurrency market.

Even if the bitcoin price goes down to $20k, that will not be a problem for me because that will be a big discount for me to buy bitcoin at the very lowest price, which I think is hard to see future. But hopefully, the bitcoin price will not go down to that price and will stay at this current price and in the next week, the bitcoin price will increase slowly. It is just a correction, whether this time the correction is too deep than what we expect before. But we need to enjoy this moment as we can do something related to the market.

Its increasing temporarily but we don't know if the price would really became stable or it will pump more since as of now I heard some rumors that we might see another huge fall and this current price is for bull trap. Hopefully we cannot see that trappings on actual scenario and bitcoin will pump back again so that we can enjoy earning money on trading this expensively.

Looks like there's some resistance from breaching the mid-45K range.

Make sure to prepare extra funds if things go South even further ;D

That’s why I never listen to people who will tell you that that it will reach a million before dropping. Some people can be very annoying , anytime the price of Bitcoin is going up they will all start acting like it’s never going to come down again, they know very well how volatile the cryptocurrency market can be, but they still chose to ignore the fact that it can crash anytime , so they deserve whatever it is that they are getting now.

Cryptocurrency market is not a place for us to be driving reckless, we have to be careful when it is crypto that we are dealing with, because if you’re not then you’re sure going to be losing any moment. Bitcoin has already tried; the price went up during pandemic, a time that nobody thought it’s ever going to do that, and it kept going strong and reached a higher price than most people expected, and then it also have stayed there for long.

Bitcoin pretty unstable right now, fighting bravely to stay in 40,000$ level, but the market keeps pushing it down to 36,000$. It looks like bitcoin is going to hit 33,000$ support level again soon. Now it's time to keep watching the fluctuations so we can reach to a conclusion if bitcoin is going to stabilize, rise again or enter into a deep bear disgusting season. So far it's not possible to say what is going to happen yet.
Institutional investors card revealed to be a big trojan horse and I don't expect to count with this to see bitcoin pumping again. A different positive and innovative event is needed to boost bitcoin's price.

There are sure lots of things we can talk on basing up with our own observation on the events that happened along the way or in the past which we can say that it was relevant nor it did contribute in regards with bitcoins price movement.

No denial that all of those things had made out effect but to tell that recognition and popularity had really increased on this manner even to those people get involved havent entered on this market
then we might be still seeing these numbers.

It is just suck to think off that we made it high but now we are dipping almost 50% in a short time.

yes, good news to reduce the bad news that has been experienced in recent days, at least it is very much awaited to be able to influence so that bitcoin does not continue to sink because of bad information.
a deep correction is certainly not very profitable for those who buy when the price is high because when buying they really believe that bitcoin will increase more fantastically. but it is now undergoing correction and of course it is surprising.

if you want to see when the end of last year actually bitcoin did the same thing with the current correction, bitoin increased very quickly and sharply. We also know that ethereum and altcoin themselves are unable to keep up with the fast movement of bitcoin, they are left far behind and can only move at the beginning of this year. but unfortunately altcoins are also affected by the current bitcoin movement.

We hope that there is still a long time to go until the end of the year, there will definitely be changes because I believe because the halving effect will occur at the end of this year.

$ 20k is still very reasonable, but maybe not at the end of this month, there is still a strong reason why I am giving this statement,
first all the news that spread is FUD, and the candle has a long wick at $ 30k, yeah this makes me think that bullish for mid term could return to $ 45k before dumping again to $ 20k,
let's have a look, which is definitely very risky for trading bitcoin now.

Correction will always be a part of this market, and it will always will be.
However, it only change thru time as the adoption also changes.
And this time, the adoption is quite different from previous years.
Big names are in this game, and so the crash may not be that bad as compared as before.
But of course, we always need to take precautions in order not to lose much in this market.

Bitcoin to $20,000 seems reasonable to me because after all, it was the highest price that Bitcoin reached in 2017 (at least near to that price).
The resistance back in the years now becomes a support :).

On Coingecko, price of Bitcoin dropped again to below $40,000 just a few hours but now going up again. Bitcoin has been just going up and up for the last 8 or more months and the fuel of the rocket has gone empty causing the rocket to go down :D. What I'm saying is not all assets are always going up including Bitcoin. Yes in long term it will go higher but there will be corrections like this that will happen along the way.

I just hope that after this negative news that happened, some or most of the users here bought some at the dip and if you are then congratulations :). TBH, there is a second when I thought of selling most of my holdings  but luckily I didn't make it.

I would be relieved that it crashed if I had the money to buy more bitcoin for me during this crash so I can accumulate more in my portfolio but I don't have so I am a bit mad that the price crashed this month instead of next month because there is a possibility that some of my other investment might be fruitful by the end of this month and I will buy soem bitcoin with those profit.

The main thing here is we need to be prepared for it since whatever fly high it drops and same goes with bitcoin thats why I'm kinda expecting it and gladly I converted my balances to stable coins before the Chins fud hits, now I'm just monitoring the whole scene since I'm preparing to buy again and hoping to see more bargain price of alts so that we can accumulate some huge volumes in my bag :D.

yes bitcoin is corrected -30% more than new ATH, for me this is a good opportunity to buy it gradually,
don't enter all in the market if the situation is still unstable, reportedly there will still be another dump until the next support is at $ 25k,
I got this information from fellow traders. I hope it doesn't happen this year

There is currently too much fear in the market and establishment types are taking advantage to kick bitcoin while it is down.
I think a big bounce will come in to give some relief, and we have only currently returned to the initial bull trend line we started at the run to 20k.

Things were getting too insane, people were making money on scam coins that have 0 use.  So this is the humbling experience people talk about in bitcoin.

Bitcoin is an asset that is constantly fluctuating either without or due to negative news. Elon Musk is currently the one who is constantly being blamed for the falling price of bitcoin due to the decision he took some time ago. It's a natural reaction for those who rely entirely on the hype that Elon Musk has created.

The fact is that there is nothing wrong with the pump and dump of the current price of bitcoin as we have seen it all the time since it was trading. Bitcoin will not continue to increase incessantly, nor will it fall without changing trend. Bitcoin could still fall lower than expected and it could still pass ATH all the time in the future. The point is, the current fluctuation of bitcoin price is a natural thing and it become unnatural because many people are disappointed because they just rely on the hype that exists without sufficient analysis.

Bitcoin is in range between 37-40 k for now which is good but still breaking 35k would be worst for now it seems as it could lead back again to 30k price range. Its some tough time and if can survive the next few days in this price range could see if back slowly moving up to 50k back again.

The market has suffered a lot but I don't think it will go down the $20k level again the FUDS will come to pass and it will bounce back again, it's time for the community to mature now and stop and don't listen to those creating FUDS like Elon Musk, hopefully, Elon will keep its promise of not dumping his share after he create a FUD.

I don't give a damn what Elon does with his bitcoins. Whether he sells or not, it doesn't matter. Bitcoin is still Bitcoin.

Still going down.

We are still in a bullish even after the dump because of the Elon Musk tweets or the Tesla announcement about bitcoin. Because starting in the early 2021 we experienced a very big pump so probably most of us are still a lot bullish.

I dont really think that the bitcoin could go down to the point like what happaned in the past 2017-2018. I think it is almost impossible to go below 20k$ in the market. But because we need to have a correction i think market could still go down around 25k$.

There are a lot of market manipulation happening so the dump might be a effect of that but its a good opportunity either eay since the market will always bounce back.

You thought or hoped that but it didn't happen. Bitcoin price is still hanging on above 30k dollars. And it seems like maybe the bull market is still in the game. To be honest, I don't have an expectation from the price to come down below 30k (unless we see consecutive FUDs again).

This is one of the interesting things that we really have to keep an eye on the price rate for some profit, in any situation of course crypto can be used with calmer mind and stay focused on what is targeted. My expectation it will be higher again after yesterday's decline

We are crashing and i think bitcoin will go 30k$ or below, but i still have a hope that bitcoin will rise up high before year 2021 end. I always set a limitation of my investment if the bitcoin price drop up to 20k$ then we need to decide. For now the best strategy is holding and wait for the next update regarding the market situation.

Well i think we are really in the way to bearish market we experience a massive dropping of the bitcoin price and the altcoins just now have a bloody market, so in my own opinion I think we are going to crash in the next few months. However the chance of using is still there so we need to be more updated on price and the market situations with regards to the volume or price.

You are wrong on your prediction here buddy, but I think you are right with bitcoin going down to $20k as the trend suggests that we are already in a bear market. When bitcoin struggles, that's where altcoins will also start to bleed, no more craze if bitcoin is bearish as the whole market will be affected.

BTC's dominance rate increase to 45%, it will slowly go up, which means the party is really over.

And seeing the market now it's red https://coinmarketcap.com/

Market's gotta take a breather after the express bull run. Make sure to DCA whenever you can ;)

I'm sure I'm doing that, that's the way to minimize the risk. My concern only is the current market situation, it could dive further and will create panic, so as a result, we might see a lower price than the current, good thing bitcoin is still holding at $30kish, but for sure it will not hold longer.

Gotta be ready for the long bear market too and prepare to accumulate.

OP here.  I still say $20k before it goes up again.

A crash can in some ways mean resolution and the time wasted waiting for decline is over, ironic a time to be bullish.    The title sounds  negative maybe meant negatively but I get some relief in that idea.

 I dont think we are either right now, its undecided and right this moment we're rising above the weekly average which is bullish while it lasts.     Rising from here beats some negative trend (https://talkimg.com/images/2023/06/12/Ay77D.png) we've had for at least this month, target is 35k.   So failing then would help further sales and lower prices to occur

The market will still be able to hold it strong. I was think that it continue to drop and preparing for it but I was wrong. This is to imply that the market is really hard to predict even at close one. I know that many were thinking it bad but finally, we get relieved seeing the recovery starts.

I would like to congratulate those who buy some Bitcoins or altcoins in the past few days, that was a risky attempt but it was rewarded shortly. Now, we are excited to see where this recovery will end and sell, and preparing to buy again when it dumps.

Next month is ghost month and many traders expect that its a bear season that month so I'd rather be prepare so that I will not left holding and can able to buy if the market fully sinks. But I doubt we can see more deeper so maybe lets just see how turn of events will end up since its really hard to speculate on what will happen in the future since there are so many things that need to consider.

Well it did break the  45k back then but since the last it never comes back to 40k .

That's your prediction but that's not what seems the market is heading.

That is really encouraging but we can't just simply ignore any possibility that dumps will happen as we are entering the challenging part of the year. maybe we are aware of how the business runs during this quarter and some people say that crisis may come, maybe we also have to prepare for this.
However, I wasn't thinking that the market will sink like the 2018 bear season. I wasn't thinking that Bitcoin will dump below $20k even the crisis will come.

For now its struggle to climb back due to the season I believe season contributes to the minds of the people and this is the reason why we are hiding. And I believe that in future we can see years they are always  be the clumsy but for being good and asking that tbey became a hard headed so to avoid the same scenario better spam the market and trade rather droping and wait for some good pumps which is not possible for now.

Yeah, there might be some hindrance or some hesitation of pump but at least we are seeing some price change or rise in last 24 hours which might be a good indication for some recovery

but its not actually a sure thing since it could be also a sign for some positive pullback before it would really make out some price correction later on.So we should really be prepared and really be ready

on getting our positions but its hard to determine whether this price increase on gradual phase would continue slowly until it do reach 40k again which its really challenging to observe on.

We saw Bitcoin the second time that its price went down below $30k. But it didn't stay there too long. Maybe Musk - Dorsey meeting was affective on this rise, I don't know. And I hope that it continues. Otherwise it will bump into a new resistance and start going down again.

it is hard to predict the future of prices bitcoin , prices already pump before two days from level 29k , and the level is strong always , if prices bitcoin retest  29 k again a.d spicialy in the short term for sure prices can crash to 25k at latest , the investement in bitcoin should be by a good strategie for short term and medium term and long term , buying cheap is better , because everyone have a fear when market crash then lost the hope , and this is the risk

I'm not sure how to be going to give an impact on the market, that might only be a coincidence that it rises after their meetings.
I have no fan with them both as they are only manipulating innocent/newcomers. Because I believe that Bitcoin will be able to recover without them. In fact, Bitcoin has been in moving back to the rally without someone who influences it before and Musk just only appears in the middle of the bullish season.

But in my opinion, falling down up until 20k is still far from the horizon. The support at about 30k level seems so strong. And it will only go down hard if there will be a negative news that will change the course of the market. But seems that we are hearing good vibes especially from the countries which are now accepting btc in their system. But if you are a holder, just keep an eye in this market and just do your strategy on how to take advantage to get more profits.

If it's effective then the meeting should've made more than just make the prices go back up to 30k USD, it should've made the prices go up a little higher if it really was effective but it seems that people are starting to think critically about making decisions based on personalities.