Bitcoin Forum

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

Just when we thought things are starting to quiet down and getting ready to swing back, the Federal Reserve announces that they will raise interest rates and tighten their monetary policy to combat inflation, landing another strong blow on the already beaten financial market. And we're likely to see more interest rate increases in the future until they bring inflation under control. One expert says that if economies don't hold up amid these hikes, Bitcoin's price might plunge further to about 70% of its current price, which is around $8000.

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

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

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

An expert with a crystal ball? 🔮

What I can tell is that people will be afraid. Most people will be afraid to buy more, and they will wait prices get back to 50k to buy again.

In a bear market like this fear is everywhere. Every news is bad news.
This is when we should be brave.

https://www.azquotes.com/picture-quotes/quote-be-brave-when-others-are-afraid-and-afraid-when-others-are-brave-warren-buffett-138-68-31.jpg

A big panic from people ;D
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.

it is very possible if big institutions sell their bitcoins and cause panic in retail holders after which big institutions buy back at such prices. Panic occurs in retail holders and there maybe many new poor people because they enter in crypto without sufficient knowledge, especially those who still hold altcoins because their value will be much lower and even very likely to be ashes.

If the price of bitcoin somehow falls below $8,000, it is an opportunity to buy more. The price slump would have been something to worry about so much if the situation is a case where there is a new digital innovation that is threatening to take the place of bitcoins, one could easily see such a situation then as bitcoin loosing the battle, but currently this is not the case, bitcoin is still a big deal.

I suppose I would buy a few more coins.

So basically you read that article about that minard guy who said Bitcoin might go to $8K correct?

He had like 3-4 predictions in the past and all of them were incorrect. You would of been better to countertrade him.

When he says to buy you sell and vice versa. If anything this is a bottom signal.

predictions are only possibilities, and for sure no one can predict 100% correct, only coincidences make the predictions the same, therefore personal analysis will make us human beings who are free to have their own point of view. but suppose bitcoin reaches $ 8k, then most altcoins also experience a decline, and whoever dares to take the risk will be the winner. this is exactly what happened in 2018, where bitcoin became $3500, and a lot of fud happened

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

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

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

The last time the FED raised interest rates was in March of 2018, when the price of bitcoin was at about $8k. From then on, the price of bitcoin only dropped by about 25% for the next 8 months, reaching a low of just below $6k. Only around November did the price of bitcoin really tank, and this coincided with the splitting of bitcoin cash, which could have had its effects.

Predicting a 70% drop in bitcoin as a result of this increase in interest rates, although the highest in a while, is still mere speculation, with no concrete correlation with the bitcoin market.

No matter what happens with bitcoin, there will always be people who will cover the news from the side of pessimism and vice versa.

For many, the price of eight thousand is the reason for further large investments. The person who flees in fear only allows others to become even richer.

The main thing is to stay calm. Otherwise, we hear rather tragic stories when people, in desperation, take very stupid actions.

The faint of heart in a bear market just needs to stay away from reading all sorts of analysts who think they are all-seeing.

Such a long read, but I'm gonna answer the main question.
Well, If these so called experts are worried when Bitcoin falls as low as $8k, then mine is different, I am more than happy to fill my bags again and sit back relax enjoy the next trip to the moon. Because, you just have stated the most obvious right here.

Right? Coz when you say bear season or bear market that automatically means it's temporary and the market essentially needs it to consolidate.

If bitcoin price fall then many crypto enthusiasts will be happy because they can buy more bitcoins and full thier bags as a preparation for the bull run, i remember the dip last year 2018 to 2020 it seems like bitcoin has no chance of rising that time, but in year 2021 it rise drastically on its very astonishing price up to 60k$, so i think if bitcoin drops up to 8000$ the best strategy is to buy more and keep calm it is repeatedly happen big opportunity always come to is but we ignore it because we are affected of the dip controling emotion is very important.

and therefore you have to be prepared with all the worst possible things about the crypto market ... but I have been in this market for 6 years and have seen how this market survives in the midst of a lot of speculation and bad news attacking it .. you know those who survive until in the end he's the winner

We're used to hearing those experts and known people telling bitcoin is worth nothing, we've it as a rat poison, as a worthless asset, anything negative, we've heard all of them. They can't tell the whole truth that they can't ignore of how much it is already and how many lives it has changed, well including those that have lost their life savings and blames it to bitcoin due to the scams that they've been involved. If anything happens and bitcoin falls under $10k, is there anything new? We'll just go back at that price and more bitcoins will be on hold because majority of us are going to hold since we saw $20k, $40k, $60k.

Basically, krypto is a risky asset that is classified as the most volatile compared to other assets such as gold and stocks, the price of bitcoin is also easy to influence the sentiment of its supporters, but even though the price of bitcoin drops like raindrops, I am very sure investors will take the opportunity to buy bitcoin when the price goes down, including myself will buy bitcoin, because I also believe the price of bitcoin will definitely increase someday.

You are right, but likely bitcoin can not fall below $10000 ever again, not to talk of $8000. Bitcoin price is still volatile, but not volatile if compared to the past time. Bitcoin all time high in 2017 was around $20000, it falled to around $4000 in 2019 and 2020 before making it up to around $69000 all-time-high in 2021. If the volatility is calculated to be around 5x before the last halving, it is less volatile than the past. The volatility should not be more than or up to that of last halving during this times.

We should not compare the price of other cryptocurrencies to the price of bitcoin, altcoins are more volatile and riskier. Although, bitcoin can be more volatile than gold, but it reached all-time-high and that still also makes it a store of value in long term.

About stock, bitcoin price is less volatile than many stocks.

Just put the source for this and stop trying to rewrite articles because you end up with misleading things like the one above!

The text in the original news (https://www.cnbc.com/2022/05/23/bitcoin-btc-could-fall-to-8000-a-70percent-drop-guggenheims-minerd.html) clearly mentions a drop of 70%,  the way you wrote it, it would mean a drop to 70% of the value, so just to 20k.

That aside I'm really curious about one thing with those so-called cheap coins, if everyone is waiting to buy cheap coins, obviously from people who will sell at a loss, who is going to buy your coins in return for you to get a profit and why wouldn't those people buy now when the price is $30k and not by the time you've made your x10 gains?

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.

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.

https://titleleaf.nyc3.cdn.digitaloceanspaces.com/bearport/product/cover/xl_9781627241243_fc.jpg
That picture said it all already :). Kidding aside, it will be a disaster for some investors, who easily panic when they see Bitcoin going down.

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

I 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.

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).

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).

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.

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.


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.


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.

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.

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.

 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.

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

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.

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.

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.

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.  :D

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.

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

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.

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.

Of course a lot of people will buy Bitcoin if the Bitcoin price actually drops to $8000, because that's our chance to get rich if we manage to buy Bitcoin
at a price of $ 8000. But unfortunately it is very unlikely that this will happen, even in my opinion for the price of Bitcoin to drop below the $20k price,
it may not necessarily happen again. Because now there are so many large institutions and companies that invest in Bitcoin in the long term, so it is
very difficult to expect the price of Bitcoin if it falls too low. Therefore we can see that the Bitcoin price is quite stable now above $28k, because it is
quite difficult to expect the price of Bitcoin to fall even lower.

All hell breaks loose. You'd probably see your say, news wall or social medial wall being redefined as FUD wall. People making their bearish "predictions" are a dime a dozen. You wouldn't really be getting anything out of it, maybe other than arousing fear for yourself. AND even if we consider the possibility of it falling to $8k, I'm pretty sure people would see that instead as an investment opportunity. Price would recover in a short amount of time by then. Maybe use the start of the pandemic as a reference to what might possibly happen.

It will be if they sell.  It wouldn't be a disaster if they panic and yet don't sell because the only thing that makes these holders lose is when they sell their BTC at a lower price than they accumulated it.


Thos who have a positive outlook in BTC would see this as an opportunity. Since they believe that the value of BTC will be uptrending when the market recover, they will always see that the crash of BTC price is the time of accumulating it in a discounted price.

Bitcoin was worth $12 when I first began using it.

A mere 700 x increase would still represent massive gains for early adopters.

Miners could have difficulties with maintaining their bottom line. But those who mined with free electricity (or exceeding low energy costs) would still earn a profit.

US states like texas who rely upon crypto miners to fund their newly constructed wind energy farms could subsidize crypto mining to keep it sustainable if prices declined that far.

"Buy the dip" could also heavily factor in with BTC rewards halving inching nearer every day.

They will regret ignoring the low price for a weak hand because they didn't buy it and just watched the price move.
As long as they can stay strong in holding bitcoin, they will witness the rise of bitcoin, increasing its price to earning big profits again.
Bitcoin holders who don't sell their bitcoins when the price is down will surely be happy to see the price rally towards higher prices because that is the moment they have been waiting for.
Therefore, we must have a strong hand to hold bitcoin.

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

The trend every 4 years seems to be repeated again, I experience 2 times, namely 2014 and in 2018, and when the trend occurs, I leave cryptocurrencies and waiting for the market to improve again, this is an investment that is not always profitable, so we must always be realistic if we invest

It's a great discount now. $8000 would be a remarkable steal. I just wonder if there's enough in the bank to break $100,000 and stay above that. The lowering ATH magnitudes say no, but then a six-figure US value would be something of a huge psychological gain, the FOMO after that may very well sustain prices above and beyond, so yeah, getting in at $8000 BTC would be nothing short of a market coup.

I expect more and more people to write forum threads titled "What happens if Bitcoin price falls to {insert random price here}?"  ;D
Yes, the central banks will rise the interest rates, but this will happen slowly. No central bank is going to take drastic measures.
Yes, the financial markets were flooded with fiat money during the last decade, many financial assets were overpriced, Bitcoin might be one of them. The market players will have to stop swimming into boatloads of easy fiat money and learn to exist in a stagnant environment.
In the long term, the central bank would never stop with the money printing, so there will be another economic cycle of quantitative easing, after the war in Ukraine ends.
Prepare for the crypto winter, just HODL and buy when the price drops even further. There's no room for panic.

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

To many forecast about the possible price would be reached but actually this is just a guess so chances that this might not happen because many people are starting to move on bear market issues and we see something good happen even if we see the market falls for couple of weeks already. But for sure as old days happened on bitcoin we can still see a price full recovery since this is what whales earning for and for sure they will help to hype up until bitcoin recover back again. If bitcoin would really reach at $8000 then most provably many investors including me will buy bitcoin at that time.

I read the opinion of another expert who wrote that the Fed will only raise rates until the fall of 2022. 

During this period, the price of bitcoin and technology stocks will fall. 

Why is the Fed raising rates? 

This is due to the fact that ahead of the elections to the US Congress.  World inflation is transforming into consumer inflation.  Food and household goods (essentials) are getting more expensive.  The US household suffers from this - that is, potential voters.  The Fed cannot ignore this.  Therefore, emergency measures are being taken to combat inflation. 

After the elections to Congress, the situation will change.  The need to stimulate economic growth will come to the fore.  This will require cash injections into the economy. 

Against this background, the price of bitcoin will begin to rise again.

Investors who always anticipate that bitcoin price will continue to move up, surely they will start to panic and think that their investments will be over. But for those wise investors who take advantage when there is a big crash, i guess they will never stop on buying bitcoin unless its value surges again. The fact that bitcoin will always recover and increase its value, then there's no reason not to buy when bitcoin is in dip.

Then you're not alone. A lot would be taking advantage with the current price and buy more bitcoin for long term hodling. While others are in panic and fearful, let's be greedy this time. Though being greedy do not result into positivity, but i think this is an exception. Its good to always seize the opportunity and be profitable in the future, than to stay skeptical and end up missing another opportunity again.

Back to back $6000 has happened, I don't see anything strange about the crypto or Bitcoin market, only those who are willing to take risks want to keep it, what more if Bitcoin has to be $8000, of course users who have money will have good luck in the future.

You have to regret Bitcoin's position at the $8000 level, if you don't buy and save, when it returns to the $80k price. of course, if $8000 is repeated I dare to take part for Bitcoin.

Not scares me any longer in the crypto space. I'm gradually learning how to get prepared in any face of the crypto market condition. if the price could fall from $68k back to $28k then hitting $8k can also be achievable and that will be a good red candle to buy. The goal for now is to recover from the lost opportunity to buy if it ever presents that offer again

let's be real and practical here bitcoin price can never and will never go down as low as that, we are talking about $8k where on earth? consider the last limit it could go dip to be the rate it pick up from the last Halving, the lowest it could go is within the range of $20k and after which it likely to break the all time record of $68k and once this is achieved, is it also believed that whenever there's a dip run it cannot go below the $68k of ATH after the 2020 Halving, bitcoin has a strong resistant to withstand any volatile changes in its price as you cannot make comparison with other cryptocurrencies.


it is believed that whenever there's a bearish move on bitcoin price speculation, investors makes a quick move to secure a position for an investment most likely on a long term, yes this is the possibilities everyone could best look in for when it happens this way, buying low and selling high to make profit but over a long period.

The last time it fell below $4000, heaven didn't fall, the patient investors who never sold enjoyed what it takes to be a holder of bitcoin, and more people became bitcoin holders. If the price should go to that level, I will be happy to buy too and trust me, many will become at least twice what they have been holding all this while in their bags.
While the market is been bearish with many calls, speculation and bad comments, to be sincere I don't think the bitcoin price will fall to that level unless we see something more disastrous than we had during the corona period. Again, if bitcoin should go that low, the stock would come close to an end too.

Opportunity of a lifetime that would be, btc going as low as 8k and you will seat back and watch without scooping some up knowing the potential. I also saw that article and I didn't take it serious. What will cause btc to dip so low! I doubt we can see such low price but if for some reason it happens better hope you have got some cash to take advantage.

Nothing is impossible in the crypto space. Bitcoin started it journey at $0 around 2009. With few investors, it moves up gradually. Alot of people get to know about this digital currency and keep investing. Bitcoin turns alot of investors to billionaires as it moves to $19,650 around December 2017. At this point, some investors invested and immediately started experiencing a bearish movement. Most of them lose alot as some sold it in panic due to the fall of Bitcoin to $3,468 in February, 2019. This same Bitcoin move up to $61,531 in November 2021 and it's around $30,000 today. Crypto- currency are volatile and one should expect anything. But if it dropped to $8000, It' an advantage for new investors and will cause great panic to old investors with little knowledge about Crypto volatility. But for me, I will load my bag with enough I could buy with my spare money as I know history will definitely repeat itself soon.

If the price of bitcoin drops to $8000 I will not repeat that mistake again and this is a dream come true or an event that will repeat itself, and I will not waste it.
I will buy as much bitcoin as I can afford and I will even sell something expensive to buy it, and I will just sit back and wait for the bitcoin price to hit ATH considering the history going in 2021 is over 68,000 and maybe if history repeats it will hit $100,000 New ATH.
and if it comes true i will buy as much as i can and wait for the bitcoin price to hit $100,000 although it will take a long time because i already know it due to history, even though it will not be possible and just a dream if the bitcoin price drop reaches $8000.

Simple to say but when you are on the situation on where the market had really dropped this low then for sure you would really be having that hesitation because you would be thinking off
on why bitcoin dropped this low too much? Is there something wrong in the market? Would there be some new coins in the market which is better than with bitcoin?
Would the price would go even more lower further? For sure these are the main questions and doubts that you would have in mind on the time like this.  :D

If this really happens and clear enough when to be, I must collect more $ again and again in order to buy the BTC at that time and hold them for long-term investment, at least until the next bullish era. It will be wow. And if the price cannot rise up, that's my own risk. But I personally agree that how down Bitcoin price will happen in the bearish era, this will turn back to the new ATH again in the new bullish era. So, what should worry about and panic? Just be siw and careful enough before decisng something and not pushed by FUD ony

That means it will depend on the investors themselves because they are the ones who know best what to do when downtrend and uptrend conditions come.
As long as they have a plan for their investment and know that the crypto market will always be volatile, they will not panic and can use the moment to their advantage.
When the price goes down, they can buy bitcoins and when the price goes up, they can sell bitcoins and make a profit.

We will never know where the price of bitcoin will go and can only speculate.
You can remain optimistic but always remember that the price of bitcoin will indeed go up and down.
There is a possibility that the price will rise above ATH in the future and there is also a possibility that the price will fall as it is now again in the future.

For wise investors, they must already have a plan to deal with every possibility in the market.
The security measures they will take will also be in line with market conditions.
At this point, I think investors are starting to look for positions to buy again as the price is still below $29k.

Of course there will be panic in the Crypto market, especially Altcoins. There will be many altcoins that end up dead. Scam coins and projects that cannot survive will continue to be eliminated. Even strong coins and projects such as ETH, BNB, LTC and so on will cause panic selling and drop drastically. Maybe it's the effect if BTC actually plunged into the $8000 range.

However, there is a positive side, many BTC retailers or weak hands will also do panic selling because the BTC price falls and the market will be more filled with BTC supply which will be an opportunity for other holders to make purchases and multiply their BTC.

Of course this would be an opportunity for myself to buy Bitcoin at that price.

It sounds impossible because it's been a long time since we see btc that low but from these past years, btc didn't drop too much anymore. The lowest that it can get are like under 30k but not lower than 25k or 20k. 8k looks too good to be true already but pretty sure that when it happens, there are still greedy people that will not buy it immediately because they believe that btc can drop a little more but for the majority, I think they will think differently this time since.

8k is not something that we see often but it's a rare opportunity. They always say that taking loans are risky especially if use for investing but if btc at 8k is the one that we are talking about, I think many people will ignore that warning and continue to take risk.

How to see the bottom is anyone's guess. If we ignore the sensationalism we can see that the market is maturing, we have more money in the market than ever before, even the largest speculators in the world, are now in the market. The market has grown and matured, but we also should remember that such panic selling is a normal condition of a growing and maturing market, which will eventually correct itself. I expect a retrace of 40%-50% from record highs and more of these kinds of swings in the BTC market to continue until it moves into the "long term sustainable" range.

We also know that Bitcoin will continue to grow over the years and the ecosystem will continue to develop. People are interested in Bitcoin, especially due to the recent news from the traditional markets, people are interested to purchase Bitcoins and other crypto assets, more and more merchants are accepting crypto transactions and individuals are investing, the bitcoin adoption rate is growing at a faster rate than ever.

If the bitcoin price goes back to $8000 of course there will be a lot of big things happening, namely creating a big panic in the market so that what happened to Terra will happen to other cryptos, but I wouldn't be surprised if the bitcoin price goes back to $8000, there is always a good chance to invest and hold because I believe bitcoin can rise again even if it takes a long time like what happened in 2014 and 2018.

There is not much to say, if bitcoin went that low then the panic will be at max levels, after all it would be fair to think if institutional investors would still hold their coins under that scenario or if such a scenario was created by them as they sold their coins when the price was going down and this forced the price to go down even further, however even during that scenario there will be some buyers willing to take the risk and they will buy bitcoin at that price, expecting for a bull market to come sooner or later.

This should be the thing that we should remember at all times. Yes it wasn't a problem because we recovered. Everyone talks about the big bear year of 2018, well we were 20k and dropped to under 4k at that time, why not focus on that? If you bought it at 4k, and sold it at 68k when it peaked last year, that would have been 17x return in 3 years. Can you imagine that, what type of investment can return 17x ever?

I am not saying that we are going to have the same again, maybe we will, or maybe we won't but I know for a fact that people who did not buy at that time regretted it, and people who are not buying right now will regret it later on as well.

I am not a loser with this market as of now. I am not sure if it will ever fall back to that value, but I will definitely buy myself some more Bitcoin. This period can be bleak for all financial sectors, so I'm fairly observant and don't get caught up in the news and get stuck with the mistakes themselves. Honestly, in the long run, I still think we will see a lot of changes in the market and people will not be able to buy Bitcoin cheaply without a proper plan.

maybe the same as the others if the bitcoin price is in the range of 8k$ I will buy BTC again for my savings until the btc returns to 40k$ maybe, but hopefully not up to 8k, a little concerned about btc owners who buy over 8k :( even they buy btc when the hype

I'm sure a price recovery will come for bitcoin and at that point, the bitcoin price will start to increase and eventually, it will create another new ATH in the future. So we just need to be patient and wait and don't panic if we see the price of bitcoin going down because we are given more opportunities to buy bitcoin again at a low price. But unfortunately, not many people understand and choose to sell their bitcoins at a loss. We will buy bitcoins again if the price drops to $8000 because that is a good time to buy bitcoins.

If that happen then many people will be afraid and some will be brave and my guess is that those people will surely buy more Bitcoin and hold it. You can't predict the price of Bitcoin just like reaching 60k and it could be a short time of price decrease to 8k then back to increase more like a sudden dip and then price increase which will be a great chance for them to be able to own much more Bitcoin compared to current price.

if the price of bitcoin drops to $8k, I will buy more because it is a very cheap price...

the majority will certainly panic sell and only a few survive and buy more, bitcoin has become a promising investment asset, besides that the amount cannot be manipulated so that it has the potential to continue to rise even though the price dips.

Funny how these experts are saying. There was even one so called expert said that it can drop to $3-7k soon before its going to shoot up again. Not sure the name of that person but I think he was one of the speaker in Davos recently.

But granting that it will really go that low, more institutions and retail investors are going to come to crypto as they have seen the pattern  of crypto market. Its not a secret anymore that it can bounce back again.

Looking at the 4-year cycle that Bitcoin went through ever since it was first mined in 2009, I would say that it is quite possible for BTC to lose much of its exchange rate after the peak of 2021. Look at the history. We had the peak ($1260) in 2013 and then by 2015 it lost almost 85% of it's value to trade at around $200 per coin. Then again another peak was achieved in 2017, when the exchange rate hit $20,000 per coin. Within another 1-2 years, the exchange rate once again nosedived by 85%, and by 2019 Bitcoin was trading at $3,000 per coin.

Will the same happen this time? The peak for 2021 was $67,000 per coin. A 85% reduction would mean a level of $10,000 per coin.

If that happened then probably investors with weak hands will sell their Bitcoin because of fear. But still, many investors too will take advantage that price to buy more Bitcoin because its an opportunity for people who missed to accumulate before the price reach an ATH before.

Anyway, I believe its not going to happen for the price to return back to $8k value (though there's a possibility). Because currently the standing of Bitcoin is different from before, adoption is already happening and users are growing. Hence if the price will move below $20k, its expected that many investors will buy back, and majority of those people are aware of the history of Bitcoin.

when bitcoin is back at $8k, it's a big disaster for longtime investors, hope is gone. the taste has returned to ancient times where investors have become homeless. but from the other side there will be many new investors who are ready to become successful people in the future. I still doubt the statement that bitcoin can drop back to the price of $ 8k, but that could be a possibility if the Russian war continues to spread to other western countries.

We can't conclude the possibilities, the chance still there if more holders will follow the trend and continue selling

what they are holding, the supply and demand influence the most, without strong holders and traders who can take the full
risk of buying and holding bitcoin.

The momentum to switch back from this current bearish to bullish might take more time and the value to fall according to how
you show previous histories, the chance is really possible to happen.

The price of bitcoin is back down sharply and touched $28k and no one can guess correctly to what level the price will bounce back.
Likely, institutional investors are still holding their coins and are still buying more bitcoins because they have large funds.
But small investors, some are desperate and sell their bitcoins, while others hope to get the best moment to buy bitcoins at lower prices.
Yes, the risk faced by investors is getting bigger and it is not easy to anticipate it if they can't control themselves and can't analyze it.

The decrease in price of Bitcoin has nothing to do with the interest rate. It's sometimes funny how people  try to rationalize global events without strong evidence to back them up. If this things were true it would be easy to predict future price because everyone will expect a price decrease whenever the government wants to increase interest rate for example.

Anyone who is able to accurately predict the price knows what moves it, infact he could be moving it. You need to find such person and listen to him more rather than listening to the media who have been so inconsistent with price predictions these days. It's as if the market is working hard to ridicule them.
By the way, it has been stated already what will happen to the price this week. It already begun with big decrease in the price of ethereum and others.

If that happens, lucky who will buy at a low price will surely be lucky in the future. Lots of investors especially those who missed the bull run before are waiting for Bitcoin to strike down so they could invest again. There's a huge number of investors who would surely take it as an opportunity. Panic selling will surely occur but it will only open another opportunity for those who want to invest at a good time.

That's just the truth of the bear market. It is a time that test the faith of most crypto investors on there investments and sadly, many break and tends to sell at a lose. This shouldn't be the case for one who is sure of the coin or project he or she must have invested in.
Fir sure bear market presents a project, be it bitcoin and otherwise fine be in shambles, to make it seem as though antibitcoins or anti-cryptocurrencies are winning the way against a digitalised means of transacting but the reverse is the case.

In fact, it is a time to identify the opportunities in the crypto ecosystem and buy more. Buy and hodl for the market to appreciate once more. Be brave when others are scared and your sure to lead the way some day!

When everyone else is in panic and fear, then let's all become greedy just this once. No one gets to take advantage of the bear market when all is feeling hopeless and losing, so let's not stay that way. Instead, let's buy more bitcoin as there is still a big opportunity in front of us. When bitcoin price drops down to $8k, i think that will be the best time to buy. Regardless of how people will perceive it, as for me i will never keep my eyes out of sight from bitcoin.

In a market situation like now is indeed the right time to collect Bitcoin, let a lot of people panic with the current bear market conditions.
But we must remain calm and always believe that the future of Bitcoin will be bright. Therefore, we must dare to decide to buy Bitcoin
in the current situation. Since we can learn from previous Bitcoin price movements, where Bitcoin can always recover and the price can always
go higher. So in conclusion Bitcoin will not disappoint us, if we know how to invest properly in the crypto world. After we buy Bitcoin,
then we have to be patient holding Bitcoin until the market recovers, then making a profit from Bitcoin is actually just a matter of time.
So we shouldn't panic and be afraid if it's true that the price of Bitcoin falls back to $8k, just keep buying Bitcoin and holding until the Bitcoin
price recovers. Because it does require patience to be able to generate profits from Bitcoin.

I don't think that it would really be that simple on which on the time that Bitcoin dropped to 8k once again then it would be surely creating those doubts and fear related to it which would create out on having hesitance on buying back.

8k is too low even though it's a good entry point for you to get in but one thing that could boggle up your mind is on how or what happened to Bitcoin on why it drops so low.

Probably that's how it goes for all those newbies and those who never realize that this bear market brings a good opportunity to invest. Well, if there is a huge price fall back, then i would be spending a big amount to buy a lot of bitcoin to satisfy myself with the profits it will offer to me in the near future. I'm not going to panic as i have come to realize that if you chose to be a long-term hodler, free yourself from doubts and never be bothered by the crypto prices ups and downs. That makes me live in peace.

Doesn't this mean the bearish era has come?
But I personally don't think that the Bitcoin price low will be $8k. I think the price will still stay above $10k. But if whatever happens in the bearish era later, be prepared. And maybe it is the right time to buy Bitcoin and use it for HOLDING. Wouldn't this be profits when holding Bitcoin and selling it when it is in the next bullish era?

That's a bad decision if they are only going to buy when the market stabilizes or pumping up, if they really want to make a profit, the bear trend is the best time to buy in fact its always been the best time to buy, but only if you are brave like what Warren told to investors who wants to succeed investing, if Bitcoin drops to $8k which for me is unlikely I don't know who's so-called expert prediction is this, people who are wishing and waiting for a dip will take this opportunity.
It's an opportunity to make a profit.

Majority have the similar thinking that the price won't fall as low as $8k. However we can't get into a conclusion, because the market is completely different from the stocks and commodities market. If the market is taking the cyclic move then there is chances of an bearish era. It is good to be prepared to face the worst case scenario, only then it is possible to withstand the moment without experiencing a massive loss.

we may be in a bearish market these days but i don't think we will fall below $20k. but if it will, would it be a very good opportunity to stash some satoshis? most noobs are regretting that they haven't joined when it was still cheap and even right now, it is already a good one to slowly collect and accumulate your sats.
the stakeholders are different now, so i don't think it will crash to a very low price. just always keep an eye on the market.

There is no guarantee that the prices will not fall below 20K. I would in fact say that even 10K level is not impossible. Whenever the cryptocurrency prices stay at lower levels for an extended duration, there will be all sorts of doomsday predictions from the financial experts (most of whom hate crypto because it stands against the fiat-based system). At least some of the investors will panic and end up selling most of their coins with heavy losses. But intelligent ones will be using these dips as an opportunity to accumulate.

Of course there is no guarantee, but every price range is possible? be it the prediction of $100k minimum next bull run or the price hitting it's previous all time high of $20k. And that is the beauty of it, I mean no one can predict it accurately and yet still we chooses to be in this game because of the many opportunities that it can give specially in the future like accumulating in bear market and then selling at the next bull run for profits.

It's true, when bitcoin is at a high price people regret it and wish it will fall back to buy it but when the market drops too much people start panicking, they fear bitcoin will continue to drop in price or they will run out of the market thinking bitcoin will die.

Saying no is not enough, but we must be really steadfast and have absolute faith in bitcoin to make a decision. If bitcoin price goes back to 8k, I think it will be a hesitant buying decision by many investors instead of buying defiantly.

"Temporary." That's accurate.
If ever it goes down to $8000 there will always be buyers waiting. Bitcoin ain't like Luna or other altcoins that was forgotten after being dumped hard.
It created a strong trust that even at it's lowest there will always be high amount of demand.
Remember, it will not be the first. Last know dump was from $20k to $3k and look at where it is now. They call it correction but I call it the strength of Bitcoin and it's nature of volatility.

If they still don't invest in crypto by the time the bear market arrives, that's up to them and they shouldn't blame anyone if the price of the crypto market suddenly spikes and they miss out on taking profits.
Only people who are conscientious and concerned with market conditions will be able to make good decisions, while others only see market prices fluctuate without taking any decisions.
You've done the right thing by buying lots of bitcoins when the price is down but I remind you only to invest what you can afford.
We really shouldn't panic about whatever is happening with the market because that way, we can see if we have a chance to use the moment for us or if we still need to wait for a while.

Institutional investors are known for holding for decades. Just to give an example, Warren Buffet has been the richest person in the world at some point and he is still one of the richest and Berkshire Hathaway is one of the most trusted companies in the world and they have owned Gillette, geico, coca cola shares for the past few decades, not just a decade, not just a few years, but literally few decades.

This shows that if a company is getting into bitcoin, they will be here for many decades. They love to have assets on their books so that they could leverage themselves with it as well and this is something bitcoin could help them with a lot, even when going down.

It won’t fall suddenly because that’s not how the market will work for bitcoin. Bitcoins market cap is enormous and huge, by the time it has dropped to 8k window, volume will suffer multiple bearish and bullish trends on the way. Just like now, it went up and down creating roller coaster graphs before hitting the bottom rates. However, we have to understand for every bottom there is resistance. For reaching it to 8k bottom would mean more than 50% of peeps are selling every satoshi they posses so as to cut down the prices and loosing liquidity.

We should all understand that even experienced traders suffer from losses, the volatility can't give any assurance.

Long term is always good for people who can move forward even it takes years before the market
change its directions, and fr sure not all can handle that, there are still people who will be shaken and
will decide to cut0loss and try to reenter but missed the quick pump. Carefully analyze before making
any decision while investing in this market.

It is not impossible for bitcoin's price to lower to even that much however it is highly improbable to happen. There will always be a resistance or wall to avoid these from happening from which most whales are waiting to invest to.
But it is still possible to happen such as if bitcoin will encounter some kind of predicament whereas people will be having some kind of trouble accessing crypto such as country's banning like what China is doing however in a huge wider scale.
Anyway, you are right, since these kind of scenario would not likely occured due to support from various groups, communities and some governments. Also, with the current market cap that it has right now, it unlikely to dip even lower by that much.

That is correct - with informations comes propaganda too.
That is one of the reasons people are not trusting the information and they come to the forum. I think before we make a move we must do our proper research.

I understand the fear that BTC will have another correction to 8k but I see that as a huge buying opportunity. Personally, I’m of the opinion that bitcoin Is here to stay and have faith in the technology being relevant in the foreseeable future.

As more and more corporations invest, governments adopt it as legal currency and innovators find new uses for the blockchain; the value will inevitably increase to new highs. At bottom, I’m a long hold on bitcoin and see any dips as opportunities for others to get in.

People would definitely sold many of their physical assets just to buy bitcoin at that price because they will think it will give them huge gains once it goes up again. Bitcoin is above $20k for more than a year now so it's easy to say many people bought above that price. No one would be stupid enough to sell their bitcoin just because of the fear in market sentiment. It would take many hodlers and whales to sell to bring the price of bitcoin that low.

Indeed, but same to other people who has bitcoin. Many people will panic sell of course, those who are new to crypto will have a larger potential to do this thing, many people will still buy bitcoin but most of them will be surely large entities and big companies, whales will be happier if this thing happen, they will manipulate the market so they can gain more bitcoin and accumulate more.

Luna and other altcoins that dumped hard are not forgotten but they are already part of the crypto history and on some time, people will always talk about them and compare them to the best cryptos. For the luna coin, there are still some hope left and people don't give up buying the coin. They expect that the team will pumped it to at least a dollar. Indeed the dump that happened in bitcoin is not the first but it will also not be the last.

I guess that's the reason why some people are confident to wait even if the price have already dumped. They are not afraid to miss the chance because there's always next time. Right, corrections isn't only just a correction but it has a double meaning to some of us.

I am just hoping that those who will trust LUNA 2.0 again know what they are getting into.
This LUNA team may be are just looking for a diversion and trying to find a "solution" to get away from heavy backlash from the community.
If the team behind this is anonymous, do you think they will try reviving the project? I don't think so.
So for everyone who will get involved in their new luna version, better get out if you are already in profit once they make it in the exchanges.

And I do agree that bitcoin is not the same in most failed projects.
Even if we have so many ups and downs, it remains the top cryptocurrency.
And when other projects have no chance of revival, bitcoin market always bounces back.

That is too far to happen but i think everything is possible with bitcoin. And if ever it will reach that point, i would be very glad to buy a lot of bitcoin and fill in my portfolio with most of them. Its very rare that bitcoin becomes too affordable so buying the most of it is certainly the best thing to do. The current btc price is $30,789 and since the market is still in bearish, i guess bitcoin will drop its price more in the next few days.

And I don't understand a fear of 8k because 8k is complete bullshit if you ask me. There's no technicals or fundamentals that would point to an 8k correction.

I'm not a fan of drawing lines in the sand and hoping something will happen, but if you're into TA, regression bands, market theories and all that, you should know a few things, like:

Bitcoin had 80-85% corrections a few times in its life and that correction would mean 13-16k USD bitcoin at the bottom of a bear cycle.
Bitcoin has always stayed above the previous bull market top after reaching a new ATH. If we were to keep that up the bottom would be above 20k USD
Every time Bitcoin had a deep correction like 80% it was after a huge run up of over 10x from the previous high like 100 to 1100 in 2013 and 1000 to 20000 in 2018. This time there was no such overbought top and no big panic like in the previous bull markets that would correct -50% in a few days.
Mining profitability is above 20k
Bitcoin in its 12 years of trading always held the 200 week moving average and this is at 22k USD. It held it in 2012 bear market, 2015, 2019 and even in the 2020 covid crash.
A number of analysts including JP Morgan published their view of the current market state and saw bitcoin as oversold. According to them if not for LUNA manipulation we'd be somewhere between 35 and 40k USD. Luna dump destroyed all leveraged long positions at 35k and pulled us lower. This wasn't a natural market selloff but rather a rare unexpected event.

People who are coming out with 8k simply want to capitalize on panic and make people freak out even more and you can look up the guy who said it. Last year he was telling people that bitcoin would reach 400k USD. That's how good he is at predicting the price.

Well, we are now back again to the $30k level. I don't think we will go down to 8k again. But yes, if in case there will be market crash, I believe a lot of whales are just waiting for that scenario to happen. But going back to where we are now. $30k level is still a very good price to accumulate. Because if you are a believer, you know it is only a matter of time before we see it moving up again. And when that happens, you are already regretting that you haven't bought your stash.

If bitcoin gets to be the cheapest this time, having $8k as its price, i think that will give big opportunity to everyone to buy and hodl. Even myself i would grab the chance and buy good amount of bitcoin because i know that would bring a lot of fortune and huge profits after years of hodling. I just hope the newbies will also do the same as they always prefer to invest in shitcoins rather than spending their money with bitcoin.

   If that will happen maybe I buy that coins so that In the future the price of BTC will increase an I can earn profit easily.

In 2018 bitcoin once touched 8000$, but in my opinion it is impossible to return to the 2018 price. even if it drops by 20,000$ at most. Because since 2016 I know bitcoin has never returned to the price of the previous 4 years.

The lowest by that year was $3k. Well, I don't want to say it but everything on the market is possible, with positive and negative price predictions.

It's because of the halving that happened by that year. We know that every halving, there's a significant effect and impact on the price of bitcoin and as we approach the next one, a lot of possibilities can happen. But don't be confident so that it won't hurt you as you expect.

Strong hands always manifest huge benefits, whales and large bitcoin holders are people who understand the

business the right way, they will keep on collecting those cheap assets if in case a massive dump takes place to the point that the
price goes back to that level.

They will just be repeating over and over till the market bounces back and makes a big rally. The nature of this investment is more
on good knowledge and the right sets of patience, the more you can ignore the dump, the better for your investment.

Some time ago when the market continued to experience a downward trend of course there were many people who were worried that this would happen,
things like that are normal but indeed I also believe the price of Bitcoin will not go down to the price in 2018,
apart from that for now it is necessary to look forward and hopefully the price of Bitcoin will rise again

I believe the reason why we see people asking this type of question when the market is in downtrend season is that some people still don't understand is that the bearish "only exposes the weak coin we have in the market" and it opens another opportunity to buy the strong coin at low price.
If BTC's price fall to $8000 a lot of investors will accumulate more of it.

For those who know Bitcoin for at least 4 years, I am sure I have experienced bad things, in 2017 the price of Bitcoin reached almost $ 20k and then dropped up to below $ 4000, and I also sold all the bitcoin that I had when the price was around $ 7600, now a lot of fear that the price Bitcoin will drop under $ 8000, but for those who want to be big profits, this is a good opportunity to buy because I'm sure I will skyrocket again even though I have to wait patiently.

Exactly. Bitcoin has been engineered and created to help people to invest while making their funds safe, aside from that reason, every bearish season is a season of benefit for those who truly understand and look at the market positively. But for those weak investors, I won't be shocked if they start to sell their assets or they start to ask questions like "will bitcoin dip even more?" or "will bitcoin recover?". If you're a long-term investor, seasons like bearish are nothing as they cannot affect your goal. Patience is a must to bear more fruits.

what happens? ill feel sad bout my current btc im holding, then ill buy some cheap corn and go back to sleep