Bitcoin Forum

Lets assume Guggenheim's Minerd (https://www.coindesk.com/markets/2022/05/24/guggenheims-minerd-says-bitcoin-will-drop-to-8k-we-checked-his-record/) speculation on bitcoin having an ultimate bottom of $8k if it hits $30k referencing the "[U.S. Federal Reserve] being restrictive.”, Currently bitcoin price is below $28k and from the look of things this speculation might and might not be accurate but what if bitcoin price falls to this very dip.

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to  sell off all your bitcoin due to FUD.

Depends on what caused the crashed, if no negative news caused it to crash to that amount, then I will just keep holding because I know it will go back up fast.
But if it's a negative news that caused it to crash to that low amount, then I possibly will sell even far before it gets to that $8k price and wait to buy it back at a much cheaper price.
The truth is that, I thinks it's only newbies(those new to bitcoin and cryptocurrencies) that will panic over the crash of bitcoin price, those who were here in 2017/2018 when bitcoin crashed from almost $20k to below $2k will understand better what I mean.

If this happen I will sell my currently Bitcoin holdings and repurchase again after it reaches $8,000 I think it would be impossible that it will be going to be lower than $10,000 or $20,000 was the bottom at least but we are unsure about how things will happen but just in case I am going to repurchase Bitcoin at a lower price after all my goal is to have at least have a few Bitcoins in my wallet and save it for years.

Are you really believing this dumb person? not any single his prediction is correct lol.

This was from your article, the reason why he predict Bitcoin will fall to $8K is because he's no longer invest in Bitcoin anymore and want to create stupid prediction to make a panic on the market, obviously this can be his advantages to buy Bitcoin since he may likely sold around $30K-$40K. Look at his prediction on June 2021, why Bitcoin price was increase and not dump? answer this question.

There is no going back at this point; I will continue to hold my Bitcoin. Because this analysis is not yet clear, I will not sell my BTC now and wait for another dip; instead, I will keep enough stable coin and wait for a dip to buy and cover my losses.
Actually, I don't believe the price will fall so low, but if it does, I'll sell some of my physical assets to purchase Bitcoin because I'm confident it will increase again.

Bitcoin dropped all the way from $69K, and you decide to sell it off at any price between $29K to $8K just because some speculator talked about it dropping $8K?

That's very poo investment approach IMO. If one was to sell, it should have been at around 60K-50K

If bitcoin drops to $8k, the world will keep spinning just like it did yesterday. Fundamentally nothing will change. Even if it drops to $1k or $100, nothing will change as long as the network runs smoothly. Some miners may have to stop their operations but then some other that can afford cheaper electricity will join. In the end people will keep sending and receiving coins and that’s all that matters.

I know many people will comment about being panic and selling their coins.
But let me say you that this is just an assumption and prediction.
We all have seen what is Bitcoin capable of.
So if it fall to 8k usd, then I will buy more to more Bitcoins in order to full my wallet.
I have known and seen the potential of Bitcoins, I also know that the ref trend is for few more weeks.
Once Bitcoins break the resistance of 32k usd, it will again rise to 50k usd non stop.
So it’s my advice to all my fellow Bitcointalk people to buy as much as Bitcoins you can.
You will thank me later.

My own speculation about his statement "no longer invested in bitcoin", he no longer buys(only holds what's left) or he sells everything he owns. If my second assumption is correct, then people should believe crystal ball predictions more than this person so far as not owning any bitcoins at all. He can dispense with speculation freely by tying the latest negative fundamental news to each of his forecasts even though it is not really a significant influence on volatility.

I'm not sure about the speculation if Bitcoin will hit the low price as stated ($8k if it hits $30k) which refers to the U.S Federal Reserve even though Bitcoin has historically been at its lowest point of 10,000 Bitcoins can only buy pizza.
If the speculation is true, I will exchange all the fiat I keep in the Bank of the country where I live and sell land assets to buy Bitcoin.

No, because my bitcoin is ready for a long-term hold, if we think bitcoin will drop and we intend to sell, we should have done it when the price was still higher. Selling at $8k is a bad idea when knowing bitcoin ATH was above $60k, it doesn't make sense at all IMO.

Isn't that very far from the current price? if that happens, then market conditions are in serious trouble.

if true, then I will buy Bitcoin with all my remaining stable assets. as well as some of my savings in the bank. no matter how long it takes to recover. but in the future, it will happen.
most importantly do not use our money for daily needs. that limits the achievable investment plans.

If I can see the future and forecast what you said is true then I will definitely sell my Bitcoin without any doubts.
That's the problem. We don't.
But if it does go deep as $8k without anyone looking at the future then I am buying. That's the cheapest we could purchase after a it wen't up to $60k and it still has a chance to go back there because of faith and demand. I am sure I will not be the only one to do the same strategy and belief.
I think what prediction makers are doing is using the December 2017 - April 2018 history. ATH turns to dumps then another deep dump.

Nobody cares about him, he is a dump person without true knowledge about Bitcoin.
He knows nothing about Bitcoin because he is only an expert on fiat, stocks, and other investments that I believe are irrelevant to crypto he guides only the firm's investment strategies and oversees clients and that's it all, nothing more.  So how do I believe his prediction, in fact, we know in the crypto market, everything is unpredictable.

Look around, everyone was talking about adoptions and Bitcoin was in the mainstream and it's already mature that could be possible many countries will announce soon Bitcoin becomes legal tender in their place.  That's what I have seen here and I will never listen to him, he is a crypto hater too.

This will be two different narratives for teo different scenarios.
First scenario:
If you are holding a large volume of btc and you have a need for financial spending in short time, you could sell and rebuy. But if you have no short term need of money, there is no need to panic. Bitcoin has proven its ability to rebounce irrespective of any level it gets to.
Second scenario:
If you do not own Bitcoin as of today. It will therefore be a big opportunity to gather as much Bitcoin as possible that you can.
It is grossly subjective.

You are being funny because you won't have to repurchase at the price of $8k because your hodling too will drop to that point. You don't expect that the value of your coin will be steady while price is dropping so you can better sell it now and buy more now if you believe in the prediction but if you don't, hodl tight to what you have. Such price for me is going to be devastating to hodlers but with bitcoin anything can happen to the price.

You'd be a fool to not buy if btc dropped to 8k. Look at bitcoins past history, bitcoin has dropped and recovered to a new ATH 2 times in the past. You may have to have some patience, but bitcoin will rise.

You said if that happened you would sell your current stash and then buy back at $8k. My question is this – How are you going to sell off when its price is finally down and then buy back? I know your operating word is a  condition with "if" but if you're ever contemplating it, now is the best time for you to sell off into a stablecoin and wait for Bitcoin dump to buy back more units with same amount.

Don't feel too shocked if $8k happens to Bitcoin. After all, Bitcoin lost 80% during the 2018/19 bear season.

Do not think that one needs to sell any personal property to buy Bitcoin at whatever price, since Bitcoin is a volatile investment one needs to only use spear money which is money that will not affect your well-being if anything happens to the investment.

So, in conclusion, I will use any available spear money to buy Bitcoin if the price ever dips to $8k but I will not sell my house or car to do that.

If you have the money then just buy and wait for the things to happen, I don't recommend people to sell anything for investing onto something but me personally I beleive the drop to 8K will not end the career of bitcoin so probably I will sell anything that I can to buy as much as Bitcoin.

If bitcoin really drops to 8k nothing will happen it will only give those rich lads and institutional investors to accumulate more of it at a much cheaper price because the weak hands will sell it off as if the market is going to die just how they did it at 3k before bitcoin reached 69k. Rest of the things are going to remain exactly the same there would be another halving and there would be another bill run.

If I am still confident about the future of bitcoin, then I think collecting it is the right choice to do. But most importantly so far the speculation about $8K is unjustified even though the bitcoin price has fallen 60% from its high. It's always possible to face such a big price drop, but for some reason I still believe bitcoin won't drop below $20K again in the next 2 years.

If you really have doubts about bitcoin going down to $8K, then I think you've missed a good time to sell it. Some people might still be lucky if they bought bitcoin at $10K - $20K before and sell now, so if you are one of those people then you just have to sell it and take that profit. But never regret later if the reality is not as speculated.

If Bitcoin crashes down to $8k I would be a bit worried because it means that someone is controlling the market and has some massive pockets because crashing such a gigantic market needs an insane amount of funds.

Realistically, I don't think the price will come down as much and at least we would see it dropping down to $20k and then prepare for a bull run and we have seen in past bull runs can outperform any bear runs and corrections.

Let's be positive and hope for the best, no one wants BTC to go down to $8k unless you have a short position open in trading ;).

I'm not taking this speculation for real, because it seems FUD in order to lead investors to sell their coins right now with the promise they will buy again, hypothetically when bitcoin hits 8,000$, what may in fact never happen. Then we have a scenario where many investors gave up their held bitcoins for an empty promise spread by FUDsters who are going to buy those bitcoins cheaper, of course, but not at 8,000$'s price range.

The safest strategy is to just keep holding, doesn't matter how deep the price is going to crash. Every investors should feel proud of themselves for holding some portions of satoshis, doesn't matter if they have many or few. Investors should keep in mind that is something they have already conquered and there is no reason to risk it for acquiring more. There are another ways to accumulate more bitcoins without selling your currently holdings.

Right. You should only sell when the price is high and definitely buy when the price is low. So if bitcoin falls to $8k, and you still plan to sell, that's a big loss for you. You only have to sell for profits, and not the other way around. However, if you have shitcoins that you have been hodling for a lot of years and until now, no signs of growing its value, then its a good time to sell them so that you can take advantage and buy bitcoin while its still very low in price.

Actually, a good point and I have seen people feeling happy about their investment but failing to sell at the right moment means they got rich theoretically and never had the funds they imagined they would have with them. In fact some would be in loss because they missed the tip they get emotional and won't sell until the token reaches that price again, which for some coins/tokens is simply impossible.

Trading means you must not be emotional about the assets you hold and must buy and sell them based on the market movement and this is why sometimes stop-loss is crucial.

I will not sell anything, I will just use 50% of my savings and will take the risk to buy Bitcoin but I will not expect to see good profit in short term because if Bitcoin goes back to the price of $8k, that could also be an indication that this market is about to die so better not to go all in to be more safe. Though, I’m positive that we will not hit this price again, we are too advanced for this price and we grew a lot already, we should not waste it and should not let BTC to hit that price again.

That is a bit of a problem at the wrong time, but a problem that could be fixed. Lets assume that you bought 3 million dollars worth of bitcoin at 10k, thats 300 bitcoins, at 60k you would have 18 million dollars worth, correct? You would drop that to half at 30k, so 9 million dollars. I would totally understand if you are upset about that, but at the same time if you wait, do you really not believe that it won't be 60k+ again?

I agree that with the greed you may wait too much and it may start to go down, but if you wait then it will recover again anyway. Only problem is with people who bought silly coins, because they may go down and stay down, but otherwise, if you bought bitcoin or ethereum for example then you will recover and be there.

If the price of Bitcoin drops at 8k. I will try to buy as much as possible because Bitcoin price will increase again and again just like before. I am now in the process of overcoming my fear in trading and doing the long term investment with Bitcoin

In Cryptocurrency I believe anything is possible, if bitcoin price drop to around $8k, I believe that's another opportunity to bag more bitcoin very cheap because I know it will definitely bounce back. I believe it's only newbies that should be scared of dump now, whenever thier is a dump am always happy because I will bag more coins. Have seen witness different bitcoin dump and I don't really panic, so even if bitcon dump now I see no reason why I should panic, if I don't have extral cash to bag more bitcoin, then I hold the one am having already.

I will keep my Bitcoin in my wallet whatever the lowest price of BTC in this bearish. But I won't force myself to buy more Bitcoin by selling something in my home, I only buy with my free money. Although many people stated that BTC price to reach $100k in the next bullrun, no one can guarantee it. Crypto market is always unpredictable, don't be greedy to buy although the price drop to $8k.

You and i know very well that bitcoin can never return eight thousand (8k), the methods of bitcoin is that is always grow and when  it above some certain limit it take it time to fall below that again, it's only this season i notice that decreases much in the market, last two years experience, bitcoin increase and decreased and the decrease did not fall affect strongly as it falling are this time, i can not be in a supportive motion that the downgrade of bitcoin price can make it to fall beyond twenty thousand (25k).

So far, the speculation of that person is not even close to reality so why are we going to assume his prediction might be true? Im not the type who will believe those who called themselves "experts" as we know it has no concrete basis to begin with. Anyway, if ever the price really plunged to $8k I will accumulate more Bitcoin. But at this time im not going to panic to sell my Bitcoin just because someone said the price will decrease to that value. I will just keep my Bitcoin and wait for whats going to happen in the future because we really dont know what lies ahead because anything is possible to happen.

This will I never do.

Why would I sell at that price despite I'm less loss by that price? We're used to the FUD in the market and if ever there are speculations and predictions that are too low and we don't like it, there's nothing to be wary of.

They come handy and will eventually change the market on its reversal. When price becomes low for bitcoin, this will make everyone to crave and buy to stack as many as they can while it's totally cheap.

It's just another signal to acquire more bitcoins for that cheaper price.

My worst prediction for bitcoin is at $7,000. I am planning to start buying by tranche from $14,000 downwards. I am not selling most my current holdings. So personally I do not want bitcoin to drop that low but if it happens then we will also have the chance to buy more including altcoins. I am considering eth, bnb and then some other few coins that has very high potentials. Sys for example always made it x50 every time the market is bullish period.   

If the bitcoin price drops below $8k then I will be enthusiastic about taking advantage of this opportunity by buying more Bitcoin.I think there will be a lot of people who will do the same to take advantage of that opportunity if it happens, with a note depending on their financial capabilities. Before investing you also need to set a threshold of money you want to use. suppose you don't have to invest all your savings in crypto. As I said according to the financial capabilities of each individual and do not have to sell all the properties that you shouldn't have to do.

First of all everything is possible in crypto. Bitcoin down will not good for whole crypto market but selling at this stage is I think not good choice. Bitcoin is backbone of crypto and after fud clear First coin which will recover will be BTC. Big whale will accumulate. Theirs BTC and only panic seller's will lose there.

Everything is possible in crypto, but expecting an $8K bottom for a Bitcoin-like dream, is not only a dream it's a kinda nightmare. A lot of institutional investors already invested in Bitcoin and more are waiting for a dip. So drop to $8K big whales will eat the dip. Be realistic and analyze more about Bitcoin. A lot of heaters are just trying to spread the FUD. Due to FUD, people become panic and sometimes their FUD becomes true. Stay away from the FUDER and think yourself about the current situation.

If Bitcoin drops to $8K for whatever reason I think for a period of 4 years before the Bitcoin bull returns I always see a decline of almost 80% then anything can happen. Obviously, I wouldn't sell Bitcoin for any reason during a sharp decline, but most people think I will definitely buy more in a time of decline because we know that moment won't come back any time soon.

A rise of 30k is small based on the price that we see now so I don't believe on that speculation. For me for btc to fall down to 8k we need to reach a really high level like 80k and above because we know that after the pump, the dump then takes place.

The price might not exactly dump at 8k because it can be too low already but most of the times the decrease of the price can continue, like on what we are seeing these days. That can be the only way to reach 8k. Fed might be strict now but I think the price of the btc isn't only dependent on them. That is why I believe that there's always a chance for the btc to recover and increase at a whole another level.

To be honest, I would buy. I don’t know why, but there is a strong feeling that in the future the price will still be higher. For this reason, you need to be prepared.

People would normally be having these kind of reactions whenever we  do have some 5% up kind or like of increase in a day or change then people would already presume that this would be the start of such recovery or start of u turn in the market.Look at on the current condition on which the price had stabilized once again but at least to those who had made out some shorter trades did eventually make out some gains
since its been a greed day for this moment but dont expect that it would push through on green long candles but well everything could happen since we know on how unpredictable this market is.
Its really hard to make out some conclusions since we know on how it do behaves.

But other people's thoughts will certainly be different from yours. there are some people who might sell their car or part of their property to get into bitcoin if the bitcoin price crashes to $8k.
Even though bitcoin's volatility is high it won't deter them from buying cheap bitcoins.
It's very risky, but if you don't have any spare money, that's the last resort.
If you still have some spare cash or spear money left over for the event when bitcoin crashes, that's fine, so don't sell any property.

I've read some thread before which he sold his own house although it's not bearish time when that happened but who would want to sell something like personal property/asset in this bearish time? Plus even if they sell something today for example if the price is $8k the next bull run would happen in a year or more after that. Does someone really want to risk that much just for the profit?

That's why having a spare money to invest is recommended because you never know when will you needed that money in case of emergency.

This is a big challenge and I think there is no way Bitcoin will fall to $8k even if liquidity is removed from the market. I think op need to calculate the risk it will pose on the crypto market if Bitcoin falls to such price.

 It means many of the crypto projects that are in the market now will vanish within short time because the chance for bitcoin to down to that level is slim. This can make the entire crypto market to crash having about 94l5% drop in price. I still don't see the possibility of Bitcoin going down to such level.

Assuming this scenario actually came to happen I will still hold my coins even under those circumstances, however it is undeniable that a lot of people would have sold their coins for the price to go that low, however I doubt the price will reach those levels because that will mean the whales will let it crash so hard, something difficult for me to believe when they have invested so much fiat money in this market to the point it is cheaper for them to buy bitcoin to try to stabilize its price than to let it crash so hard.

I'm not saying that is impossible or anything, it's possible. I can't even imagine what's gonna happen to alts if that's really happening, the price drops.
Whether to sell my bags or hold them, it all comes down at which scenario the price at that point. There's a chance that I might save all fiat when I see a sign of another bear market, but sometimes it's hard to tell when the bear market begins until it happens.

Well, that's probably because we've seen a lot in the crypto world. After bitcoin hit its highest price on ATH yesterday, the price has dropped drastically and that's already making a lot of people panic, especially if the price drops to $8k.
If that really happened, the people who invested in bitcoin would be very disappointed and leave bitcoin.
Altcoins are likely to fall drastically and there is a possibility that most of the altcoins that do not have strong support will disappear from the market.
To anticipate that, maybe we should prepare to have a stable coin so that we can buy it at the lowest price if the price really drops drastically.

If the price of bitcoin drops to this level, then most investors will expect a further decline in the price of BTC. At the same time, I do not exclude that holders will also sell their BTC, hoping to buy even more bitcoins later. And others will sell because they think that the market has come to an end.

That's really all the market is if you come to think about it actually :) I know a lot of people still confuse price with value but at the end of the day, if price goes down, it's because more people are selling than buying. Order books eaten up just get lower and lower.

If price goes up, more people are buying. It's really that simple.

So there's no reason to think price can't crash until the only ones left are us, hodlers :)

I don't even know who is Guggenheim. Actually I am bearish with BTC, and if BTC drops to $10k or even $8k, I will buy it with 50x leverage. Well, I am not simply base my buy and sell conviction with any influencers, I also base it on technical analysis.

This is precisely why it will not be 8k at all. I would buy too, and the other person too, and the next one, we all would buy, meaning it can't be 8k if we all buy. There will be some super rich people who will put in insane amount of money as well and that will make it go super high. Just focus on where you can buy at the time and do not have "dreams" about buying even lower.

I would love to buy it at a lower price but I know that it won't be that low, there will be ton of people who will buy before me and make it higher before it reaches there. This is why I am buying right now, and any other time when the price goes down. That way I will profit in reality, instead of dream about 8k price.

Many investors will sell their Bitcoins when an initial downtrend is seen in the market. at least at $20k they will sell and estimate the best potential entry price.

but if such a big decline were to occur, it would be gradual. there will be corrections and improvements in the market. many investors can later be caught in a buying mistake before the price hits bottom.

I wouldn't sell anything just to buy Bitcoin's dip, I can use fiat from my bank account and buy the dip. I wouldn't sell either my Bitcoin just because of an FUD, it's not my first time experiencing bear market so I know what to do and what I don't wanna do. Buying the dip is the only to make profits in the long run without exerting so much effort on making technical analysis in futures, though I'm doing the same thing, buying the dip while scalping in futures.

most likely, I will buy bitcoins or convert my investment assets into bitcoins. I strongly believe that the bitcoin price will not last long in the $8k range. even when there is a big FUD, I'm pretty sure there will be a bounce after that and maybe the bitcoin price will return in no time to tens of thousands of dollars. the other thing is, even if the bitcoin price won't bounce instantly, I'll probably keep trying to collect bitcoins bit by bit. I'm pretty sure the price will be high if held for a long time.

Already read positive forecasts. If you believe such dynamics, then over time, investments in bitcoin will begin to increase again, which will entail an increase in the rate.

I don't think i am going to sell part of my coins if ever bitcoin drops into $8k because we all know that when bitcoin price is dropping, majority of the coins are dropping too so its gonna be selling at a loss if i consider that. Instead, i will continue hodling all my coins and just spend some of my extra funds to buy more cheap bitcoin. That way, i know i will be hodling them all for profits, not for losses instead.

which dynamic are you emphasising on, breaking down the over time so that we can massively understand your area of concentration in a conversation, i read this severally but i couldn't comprehend exactly your point or what you are deriving at, in the syllables of cryptocurrency, during the dip season any one who purchase and allow to stay for long periods of time or hold for long time, will definitely make a mega profit.

I will also do the same thing if it is true that the price of Bitcoin falls to the price of $8k, the best step is to hold the coins that we have.
Because it's a bad decision in my opinion if we sell the coins we have when the price is low, because our initial goal of investing in crypto is
to make a profit, not to suffer a loss. Moreover, we have invested in coins which are indeed good based on the results of the research and
analysis we have done. So we have to believe in the future of these coins and hold until the price goes up again.

In fact, I will buy more coins that I hold if I really believe that these coins have a bright future, by using the extra money I have.
Based on my experience in the crypto world, some altcoins can indeed recover and go higher if the Bitcoin price recovers.
So as long as we invest in the right coins, there is no need to panic when the price of the coins falls due to Bitcoin falling to $8k.

Sell on loss is a dumb decision to be made by someone and if the price drops on that low then it would be better to hold your position.I know it wont be easy on accumulating
even more on times or conditions like this where doubts and anxiety would surely mix up on where you do raise up questions into your mind on what the fuck is happening on the market.
You would really be minding or asking questions again if there are some other new coins which is more better than bitcoin itself or this is just an another
typical crash that do happen in the market.

I think, the best decision if the bitcoin price dropped down to $8,000 or $10,000 is to sell some items to raise money to buy huge amount of bitcoin for future profit making. We are still in bearish market, it will be favourable to hold for the price to hit back to $50,000 before you can sell to make a good income. It will be difficult for the price to decrease to $8,000 at this moment, because we are about to enter bullish market where people will be rushing to sell their bitcoin to make a passive income.

In my opinion, the price will not fall to this level. Overall, though, such a drop would be pretty interesting, and I would definitely buy at that price.

Yes, most likely that it won't.
But there's always that topic assuming "if" it happens and you'll always get to see that not just only for bitcoin but also for the altcoins. Well, if that happens, I'll probably sell one depreciating asset of mine since I've played it already and I've got it through my crypto profits before.
Only if that happens but probably won't yet still I'll do something if the price goes that low and it's buying opportunity.

your opinion is very exaggerated friends bitcoin is now popular in the world and is very unlikely to go down with a far price, but maybe it could happen only in a dream, you

Now What do you think after seeing of the current market conditions?  Will it ever happen that Bitcoin will go to 8000? No, I don't think that will be ever happening. And if it ever happened, I would borrow money from others and buy as much bitcoin as I could.  Because there is no fear of holding bitcoin.

I may sell every altcoin that I have. It's an opportunity being given to ride the big boat once again and it's not every day that will happen, perhaps forever it will not happen anymore.
Many followers of the Bitcoin market have regretted selling their Bitcoin a long time ago because of the profit it brought after a pump. Now, it's filled with regret and I won't be a hypocrite saying I was not part of that because I am. I sold my Bitcoins before that were accumulated from faucets because I need the money. I don't regret it much because I can see my kids healthy and happy. Yes, used it for their milk and diapers.  ;D

True, but if Bitcoin drops down to 8k then I assume almost all the meme coins will die and even the big altcoins like ETH, BNB, etc will be crushed badly because it's a global rule; when Bitcoin drops every coin and token will drop as well no matter what the market cap is and what use cases it provides.

And it takes courage to sell known and top altcoins for low prices during those times just to buy Bitcoin. It sounds easy the brain stops working during bear runs for most people ;D.

By the way, you reminded me of faucets and man can you believe that the first-ever Bitcoin faucet used to pay out 5 Bitcoins every claim. Imagine making 10 claims those days and never having to worry about money in your life :-*.

You know, my first instinct when I saw the title of this thread was me smiling because I know, I'm definitely buying more bitcoins and be ready to hodl for as long as I can. It would be the market giving late adopters like myself a second chance at gaining on the market and I would be a fool as much as many orders that won't be buying or would go about selling. Luckily for me, I'm not that type that is easily socked into the FUD that goes around and I'm sure I would be buying.

The difference here is, I won't be selling anything in order to buy bitcoin. No, that's not my style nor the way I would want to go about it. Maybe I'll increase my allocations for buying more bitcoins and be more regular about it but, I definitely won't be selling no property or asset to acquire bitcoin. No, that doesn't go down well with me.

Selling property to buy bitcoin is indeed very risky and should really be considered. But if you have multiple properties and don't have any spare cash, you may want to sell just one property.

and this is where the importance of having spare money and managing it well. So that the spare money will remain safe for emergencies only.
We also really have to be disciplined with the strategies that have been made. Doing research and predictions is also important before buying bitcoin when it is bearish.

If you sell off your bitcoin at a low price of $8k, then you will only end up in a huge loss. Rather than selling, would this be a big opportunity to accumulating more bitcoin and hold them for future profits. This crypto market won't give us quick profits, so we should never do things that will make us regrets in the future. Buy the dip and hold, that would be the best move if ever.

That could be useless if you sold at that price especially if you bought BTC at the peak price, the only choice that you have is to buy more so you can lower your cost and by this you can increase your holdings. Though we are talking on a worst market here because for me, if Bitcoin goes down to that level again the world by that time is crashing and inflation are getting more serious. Bitcoin is our only hope that can give freedom, whales should not let this to happen since they are also affected by this and many small investors will suffer big time if BTC goes on a price of $8k again, this should not happen at all cost.

I won't sell any property to buy Bitcoin, investing in Bitcoin has a higher risk than investing in property. I only use extra money to buy Bitcoin, the money that I can afford to lose. Sure, I ever heard that someone sells his home to buy Bitcoin, or sells his car to buy Bitcoin. But for me, it mustn't do because we invest in Bitcoin for some years and it has no guarantee to take profits. While home, car, or property is more important than having a Bitcoin investment. In my opinion, having Bitcoin investment isn't the priority, but just an additional investment.

There's no reason to sell. Sell only when the price is at its peaks, but in times of dips, its always better to buy more than to sell. And given the best opportunity in bitcoin, then let's fill in our portfolio with buying more bitcoin since its always the best asset in crypto that will give you the highest profits after years of hodling. No reason to sell but there are a lot more reasons to keep on buying when bitcoin price dips.

So it tends to dip only according to this theory? The volatility factor is well known by those who have stayed in the market from few years and have seen the 2017 crash when it fell to $3k from ATH so those who wants to hold long term didn't care these dips and have your returns in future but with patience only.

Why sell based on speculation and FUD? Just hold. If the price drops to 8,000 USD, then keep holding. Don't sell anything. As long as you don't sell, you don't lose anything right? When the price falls down to $8,000 USD, just buy more. As much as you can afford to lose. In the long run, you will make some good nice profit.
Probably my altcoins to buy more bitcoins.

Indeed, if you look at the current conditions it is not the right decision to sell it,
selling in the midst of conditions like this we will experience losses for sure so as much as possible to remain patient and wait for the right time,
it's important to take advantage of the current situation by buying some potential coins

That's almost close to impossible, but who knows. We didn't even expect Bitcoin to drop as low as $3k in 2018 bearish season after it hits almost $20k in 2017. I'm not saying that history or trends might repeat, but the possibility is always there.
Also, it's a no brainer to sell during the dip in a fear of lossing their investments.




Ahhhmm, that's basically what the OP was saying and ask what types of assets are you willing to sell to buy more Bitcoin.
If you're in cryptospace for quite a long time you knew, Bitcoin would give you good profit once you get a good entry price.

Why worst? Just because it was lower than 8k? But anyone can predict no matter how high or low it is however that's going to be a long wait for you before you buy can btc if that was only your buying point. You plan to buy when btc drops but at the same time you don't want btc to drop? That's confusing but you only need to pick one because whether you like it or not, btc can still drop or rise and also if you don't want to sell your coins, how can you invest at the dip?

But, unless maybe if you have other sources to get money. This is my first time hearing that Sys coin but that is impressive if after every bull run this coin can give you a guaranteed 50x. Eth and bnb are I think still better than sys coin though.

I will buy more bitcoin if it continue to drop. I prefer to hold during this time and no shoping policy for my self to avoid any unneeded things and save for bitcoin investment.

Not believing with Bitcoin values drop under $8,000 and support price I think only under $29,000. But never have any possible with bitcoin if always have bad news we can get under $8,000 although as little possibility. Many company accepted bitcoin and they won't losing much money if have to sell bitcoin under $8,000. Actually if bitcoin drop few percent from price now I think many investor will buy back and earn moment for bitcoin back to higher price.

I completely agree. I think that now many investors understand that in the future the price of bitcoin will only grow. So, while no one writes off bitcoin.

That is his point of view and it was different from mine (and even from the other members). I would say that was not a realistic view in the market today nor we could compare before as saying it runs to the same point like having a huge drop again.

We have never seen yet that Bitcoin drop below $25k, not even it reached that level until today. This was an indication that the market has its stronghold at @28k. Though we can't assure until when the Bitcoin can hold that price, however, I was optimistic that it could until it rallies back high again.

If possible I will also sell my landed property to buy bitcoin should the price fall to $8K, this would have been a very big opportunity for those of us that missed early adoption of bitcoin, with reference to all the past dump of the Price it is obvious and evidently known that no matter how dip the price, the chances of price recovery is very bright, bitcoin is the most common and popular cryptocurrency I am very sure that once it drop to $8K there is going to be a massive buying by individuals and institutions which will invariably pump the price massively and return bullish.

Bitcoin's strong support is at $26k I think, if $26k breaks then we'll see $20k,
what the OP said I think $8k is not really technical analysis, because Bitcoin never goes down that deep,
$15k to $20k maybe will be the bottom price of Bitcoin.

Indeed that would be the best idea but I am telling you when and if that actually happens, BTC dropping to $8000, people will panic and everyone will be feared to buy because that's very normal and while $8000 looks juicy right now, it will look threatening when it actually happens. When BTC was $60000 people were saying they will buy when the price drops below $50k and then $40k but how many of us are buying now? Hardly a few of us.

Good to see new traders/members having such confidence but honestly don't see the price dropping to $8000 unless there is a massive hack or exit scam from a big exchange like Binance or Coinbase, which isn't a real possibility but you never know what can happen in crypto.

It's hard, I'm afraid if the price of bitcoin is less than $13k. I wish the worst prices were around the area. If it's below it's really bad. It should be that if it reaches that area BTC will again rise. If we believe in the halving cycle and believe that the law of supply and deman then the price will increase even more. For several periods we have seen that happen so right now we just have to wait patiently. In addition, we still have to be vigilant and continue to discipline our asset management.

Whenever we do go back into those early days price or lets say 2015-2018 then it would really be creating that kind of fear in the entire market on what the hell is happening in the market?

You cant just easily trying out to make out some buybacks into these times which it would really be something hard to be done even if you do have the money or funds then this kind of decision wont really be that simple.

If you could accumulate more that into these levels or points but of course you cant be sure if recovery would be next or totally complete decline.Who knows?

That is why it is very important to have knowledge about Bitcoin before we decide to invest in Bitcoin. At least so that we understand Bitcoin,
so it makes us believe that Bitcoin is a coin that has a bright future. So when the Bitcoin price drops we don't panic easily and can be more patient
holding Bitcoin, because we already understand how Bitcoin works. Without knowledge, there is a risk that we will hesitate to hold Bitcoin if the price
falls very deep, and there is a possibility that we sell Bitcoin at a low price. Even though Bitcoin is the safest coin to buy during a bear market,
because of how deep the Bitcoin price has fallen, surely one day it will rise even higher if we can be patient holding Bitcoin. Therefore, never be lazy
to continue learning the crypto world, because having knowledge is one of the keys to success in making big profits in the crypto world. Without
knowledge we will often make wrong decisions and will only make us experience losses.

If the price of Bitcoin will drop below $20k, not time people will start to panic and wonder what really happening in the market. It certainly will come out of their mind about the previous bear season when prices drop almost to the ground. But, I don't think that will come, not this time as people had already had to learn to be patient and hold, they now appreciate how holding saves them from losing their money rather than selling it at a lower price.

2018-2019 is just a history, people make use of it as a mirror to what they have done during that time and they figured out their wrongdoings. For now, it was quite good to see the view of the market as, despite the war and FUDs, we've still in a healthy market condition.

Yes, the basic supply and demand and bitcoin halving could be the reason that we might not see the price going below $10k. I think we have reached that prior to the bull run of 2017, so I doubt that we will go backwards. Bitcoin is one of the most sought after asset currently in the market. So the moment there is a huge dip, investors are going to flock and buy tons of it.

With last 4 year cycle volatility, bitcoin only decreased like 5x of the ATH, if the ATH in this 4 year cycle is $69000, then I predict the lowest price can not be lesser than $14000, I do not think bitcoin can fall to less than $10000 again, but what is possible is $100000 which will occur in the next 4 year cycle bull market.

However we also need to consider that the bull market we saw was nowhere near as intense as the one that we saw previously, so it would make sense the drop is not as intense either, personally I think the very bottom could be at 20k which is close to the all time high we reached during the 2017 bull run, so I agree with you that we are never going to see a price below 10k ever again and anyone which wishes for this to happen will become incredibly disappointed.

I do not think that it will even be broken. We have reached 26k bottom, and we recovered from there pretty quickly, the market doesn't want it to be there and I believe that we should not be focusing on anything that the market doesn't want to do. If there was a possibility, we wouldn't be recovering like this, and we would be doing much better.

I hope that we would reach to a higher level, 40k+ is not that far off and I believe that if we work towards that, we could potentially reach it. This is of course something that would take some time, so while waiting for 40k+ we also need to be a bit more patient and eventually we will reach there.

It had pulled the market from the ATH and then we go to the half of it from there. FUD still works for these whales and they still move the markets but what is good for experienced people that have been on the market, they don't mind whatever the FUD is.
We know that these FUD are going to create panic mostly among the newbies but to us, we just accept whatever it is and we know that eventually, the market will recover. About bitcoin going down to $8k again, it may happen through chances but just as what the most opinion says, it's little.

FUD doesn't work by now - it was just a failed attempt that these whales are trying to do in the market and manipulate the price.
What he (Guggenheim's Minerd) say is pure assumptions about a very unpredictable future, and likely wrong. Reaching back to $8k is quite impossible, not at this moment as people know how to hold and are already strengthening their faith in Bitcoin. And to see the possible huge increase in demand, the more it helps to keep the current price to its current level (and to see a spike is likely possible).

As unrealistic as I would like to imagine that to be (Bitcoin price falling down to $8k) some many have happened in the market that one can't just stop being disappointed. The market often beats our every prediction and I can tell that the cash so far was very much unanticipated to get this far.

In the event that bitcoin falls to $8k, a lot of questions would definitely flood my thoughts and it's going to be basically questions on what have changed in the system. Should it be the wahles just flooding the market with coins to crash the market, I'm surely going to find a way to get some funds (a perceng of it) off my personal savings to invest more in the market.

If that happens not to be the case, perhaps I would hold further to see what would become of the market other than  rushing into a sell but trust me, I'm sure to see the end of bitcoin if it supposedly have one.

I wouldn't say impossible, it's still possible but very little chance to make it happen. We're on the moving forward phase and despite the bearish market sign that it shows, bitcoin stands firm at the range of $28k and above. Well, for me that's a good sign and it only shows how strong bitcoin is in these times. While the other markets, there's a possible huge dump because of the world situation. Bitcoin stands on its own and we know that it's a separate market that can't be put down by the traditional markets even if they spread too much FUD.

I see no reason why the price of Bitcoin will go that bad of reaching 8k. This is unacceptable for me because we might have seen a lots of things happening in the Crypto world where the price of Bitcoin falls so bad that investors never believed it. The least I think Bitcoin can fall to is $20k before going back to the top. We have seen many occurrence when the price of Bitcoin goes bearish to an unbelievable level, but this one wi not be so.

Even though the price of Bitcoin in the past few weeks had continued to decline, I also don't think the price of Bitcoin will go down to $8k,
so far the price is still steady at $29k and hope it can get back up soon,
What's clear is that it's better to just follow the progress and we never know what will happen in the future

He is just another "crypto expert"! There's no answer to your question, what he is doing is making some blind predictions based on his feeling only! He is loud so he got some followers, but if they really followed his signs I guess they are at loss for sure!

At least he predicted $8k, he didn't say Bitcoin will die like many others did, so many times... that is probably his next prediction! Anyway, I doubt that will happen, and people should try to choose whom to follow more carefully!

I would definitely take it. I think that in the near future the price will be higher, so when buying at this price, the benefit can be quite noticeable.

I will gladly sell many valuable to gamble them on Bitcoin which i will term my sure odds. I have seen different investment advice that warns investors from investing borrowed money or an amount one can't afford to lose but if the price ever gets here even for 2 hours i will make sure it doesn't correct without a quality buy

It won't. We have layered bids starting at 21k all the way down to 15k.

Investment is about taking a portion of your saving and not taking a loan or selling off property hoping that you could make a fortune in a short period of time.

It is highly unlikely that we would see a value below $10k and if I get the opportunity I would grab them.

It was the sentiment for many waiting for the bottom but in the end, they just miss the opportunity to buy in a cheap price. I don't even think about and foresee that the price of Bitcoin will drop below $20k, I have no feeling to see it back to a worse scenario again. Thus, if we have money in our pocket that is reserved for investment purposes, I recommend people as well to grab the opportunity now as this situation will never stay long.

It has been said to be risky when investing during the bear season but that seems not the best thinking we do, we instead consider this as another chance to start investing.

I can say out loud!, Bitcoin will not go down to $8000!, the reason?,
because Bitcoin is not an instrument that is only controlled by a few people,
and currently the number of Bitcoin Holders has reached more than 40 million,
of course there is no need to worry about the price $8000 is bullshit

if possible. and nothing is impossible in the crypto market. even if Bitcoin has to drop very deep.
if one of the biggest BTC holders lets go of their BTC, it would make the other holders think something bad. media coverage will be very bad for the growth of the crypto market. Then what happens is a state of panic. it's not impossible, but just for now, we see it as impossible.

Maybe they are not serious? They only say it only to be in the trend because that is everyone is saying when the price is still not that low but of course majority of them are serious. There are also ones that are serious and looks forward for a real bottom but accidentally missed it because they are not available by the time it happens.

It's is okay to not think about the dump but you shouldn't be annoyed when you see lots of discussions pertaining to dips because it was the dips where you can make your fortune. This isn't a worst scenario but worst scenario is when you sell your coins only to suffer a loss. No one can tell the duration of the bear but it can last long like what we are experiencing now.

Expect the unexpected and this should really be your mindset whenever you are dealing into this market on which you cant really tell on what would happen next or what would be the price movement on the next day or months or years to come and since its unpredictable from the beginning then there's no way that you could able to identify out or having those precise predictions.If bitcoin drops to 8k then some would be in panic
but there are people whom do see this as an opportunity to buy cheap coins and waiting for some recovery even though its not an assurance thing to happen but we know that there's always a probability
yet we know the potential but anything could really happen along the way thats why its smart to make yourself prepared.

We can't just simply ignore that thing, we can't really see what is inside their minds and plans. Panic selling has possibly started when weak hands listen and follow the FUD. This was the common issue that we found during the last bear season, many got crazy to sell their coins after seeing the market crash but this is not what we have seen and witnessed in the market. It is indeed people have been buying more to anticipate the coming halving making the market trend to still keep on high.

There could be a strong support at $26000, but the strong support we notice now is even higher than $26000 because bitcoin only got to that $26000 only once and it was like two months ago and has been seen a strong support at $27000 to $30000 ever since that time. But that does not mean bitcoin price can not decrease further but I believe the $3800 of 2019 and 2020 which was lowest bitcoin price after 2017 ATH may be the $19000 or $20000 of this time, but we are only guessing this though.

If bitcoin reach that kind of price maybe a lot of btc investors will buy more bitcoin to secure their good profits when the price goes high once more

And if that's going to happen then the price would pump probably and will stay at let's just say $20k because huge investors wouldn't mind to buy more if the price is cheap. That would secure their profit already in the future so if you see a price like that, what would you do? You don't just watch the price keep rising while you are wondering is it worth it to buy because we all know it's worth it to buy especially if the price dip that low. But in reality I don't think the price would ever go down to that level especially when the ATH was $60k.

I don't think the price of Bitcoin will go down that far and maybe something serious will happen if it does go down to $8k,
Currently, the market condition is still bearish and of course we all hope that the bullish season will come soon

Everything can happen, what we think is impossible to happen easily, as the price of Bitcoin in 2013 rose from under $ 100 and then skyrocketed to more than $ 1000, and vice versa the price of $ 1000 returned to under $ 100 in 2014, but the most important thing was We always get profit when prices go up or down.

I agree that bitcoin price got to $1200 in November 2013, but I do not see any data that indicates that bitcoin price falled below $100 in 2014, the price in 2014 did not even fall below $200 according to what I am checking here. But I understand what you are saying and you are right, bitcoin price is very volatile but also not fully right because bitcoin is less volatile than those periods, but that does not mean that bitcoin volatility is not massive again, it is very much massive, but not massive like before.

I don't think that price of Bitcoin drops to 8k because more money and holding has gone into BTC to sustain good value. It is very difficult for bitcoin to go even below 15k. If it goes around 8k then we have a great chances to make a grand entry. Bitcoin has made impact all round the world and has a special place in crypto industry.Looking at its limited supply price is definitely going to increase in future. This question has not much to answer because it is very rare that price will down to 8k point

And who even believes in such a scenario? To be honest, I highly doubt such a scenario, because the situation is not at all similar to the fact that such a result can be obtained.

In the first place, all speculations by each and everyone here in the forum don't have an accurate predictions about the price of bitcoin could be
in the future. Neither the expert one can't say it accurately, But if ever it drops to 8k$ each Bitcoin, I am surely will buy then hold it, even my money is small or big I will buy Bitcoin, just like that.

That's OP's thought and all of it was what if's only but would you believe that there's a chance that Bitcoin would rather reach that bottom in the near future? It might not be true but the I think almost everyone here want that kind of price so that they can buy but I doubt there's a room for that in the future although the last bottom that I've seen was $3k so it might be possible though with the halving things might turn different this time.

any predictions and possibilities can happen, but actually no one knows for sure about bitcoin price movements. but right now it's not like 2018, where people are getting bolder to take advantage of every bitcoin decline according to their respective analysis, so we can see bitcoin only moving in the space of around $30k. but when it hits $8k, I think it's a golden opportunity to invest, although I'm sure there will be a lot of doubts and fears, given that there will be a lot of FUD in circulation.

There might be no such thing as 1.2k to 100 dollar on that said year but there is a year where the price reached over 15k and then it drops back to 3k. I think this drop is more worst than the earlier drops that happened but bitcoin overcome it once again. It would be strange to see a 200 dollar drop in the year of 2019 because the adoption that time is already high and the market have matured a lot.

I don't think we can see those numbers again or a drop below 1k but many people still speculates that btc can fall to 8k and 3k. I am only confused how you describe the volatility of btc. To me, massive volatility means the price actively falling and decreasing like what we see lately but a huge drop is already considered to as bear.

According to analysts, this is not a threat to us in the near future.

Every entry you take is an opportunity, but it's always depends from how you play the business, short or long both have that capabilities to give a decent amount of profits, though, in some point people aimed for low value but still afraid in taking the risk, if you see Bitcoin fall to $8k fr sure instead of buying more will look for more low and with that actions, the bear will continue to dominate, it will take time and if there's no additional big investors, the time frame will take longer.

There will be a huge panic if bitcoin even reaches $10k, I think that will be the lowest, but I won't be surprised if they will reach that low because bitcoin is in the bearish mode now, and therefore we should not be surprised since it has already happened in the past that bitcoin has collapsed, it's even declared dead many times already.

While some people are in panic, we should consider this as an "OPPORTUNITY".

I'm sure if we will miss this opportunity, we will talk about regrets in the future.

A lot of late comers will wish the price of Bitcoin to drop to that point so that their can join the party, but considering how high the price of Bitcoin has been in recent times I don't think seeing the $8k price may look like an impossible task.

But if that ever happened then I will be among those that will take advantage of that to fill up some space and become among the big bag holders.

https://i.ibb.co/93HXvQH/20220608-204017.jpg


The  US  Commerce Department's announcement of a reduction in the US trade deficit in April gave the market a signal that supply chain turmoil had reached its peak, lowering the 10-year yield below 3% and drive-up the overall stock market. Of course, it is not certain whether this kind of positive investor sentiment will continue in the future.
Goldman Sachs predicted
that global oil prices would reach $140 per barrel in the third quarter, warning that consumption could slow due  to  soaring  energy  prices.  In addition,  the  World  Bank  (WB)  has  also  emphasized  the  risk  of  stagflation  by downgrading the global economic growth forecast for this year to 2.9% from the previous 4.1%.

If you check the topic, you will realize that absolutely nobody believes that it would reach there at all, it is obvious that we are not going to end up with 8k and nobody thinks that it would happen. Of course, there are a few people who believes that, it is not common but they do believe that, but that is alright, no problems with it at all, only just a small percentage, like 5% to 10% people believing that is not a problem at all.

I personally would like to see it go down a bit more so I can buy some more, but even I do not believe that it would even though I want it to. Hence, you are not alone thinking what would happen with the situation.

It's hard to doubt a deeper price drop if bitcoin drops to $8K after hitting ATH $69K. But so far $8K is a tough expectation to come true as we believe it will get plenty of support from institutional investors where prices probably won't drop too deep. For now expecting bitcoin to go up to $8K is something that probably doesn't make much sense to me as most people might think that collecting during a downturn is the right way to make a profit. This strategy has been considered, so there is very little hope for it to drop to $8K although there is always a possibility.

I hope bitcoin never drops below $15K again in the future, so that's good support to hope it doesn't touch again if bitcoin's price drops during this year or next before hitting a new ATH.

We can no longer expect that price either ($8k). Though we can see dump and market correction, we also see the demand causing the price to counter the declining trend. Many haven't been affected by the current situation as they still manage to hold their fund which is a big help to prevent market losses its value.

Thus, if we think about waiting for the price of Bitcoin to drop more (or even just below $20k), we are actually wasting time doing it. Not I'm saying it was hopeless to see but in some reason that it never happen which I've mentioned above already.

Institutional investors may have little to nothing to hold back on if the market really want to correct back to $8k we have seen how Bitcoin market have acted in the past when the os a dip cut down in price, the price can go down to -25% within a few hours this action used to be the highest surprises I have seen over the time and in history.

Take what happened in 2018 after the first all-time high of 19k and see the price it crashed back to in a few days.

-5 - -10% a day is a casual movement in the market
10-25% Nearly normal but theres some events happening in the market.
50-60% its a trend change

But in overall these are typical movements that we do have in the market.In terms of increase then it could increase on opposite manner too.
Market is really just like this on where it could move into two possible paths and intensity would really be depending on certain conditions or factors.

We have experienced a Bitcoin price drop that is worse than it is now. So many investors have learned from the previous bearish trend,
therefore now far more investors decide to hold their Bitcoins rather than having to sell them when there is a bearish trend. Therefore,
if it is true that the bearish trend that occurred this year will run throughout the year, I'm pretty optimistic that the Bitcoin price won't drop
below $20k, especially when it hits $8k it seems impossible.

So it's not only a waste of time waiting for the Bitcoin price to drop to $8k, but it's an action that we will regret in the end. Because we will miss
the opportunity to buy Bitcoin at a low price, and will regret it if soon the Bitcoin price is bullish again. My advice is to buy Bitcoin at the current
price is the right time, because the Bitcoin price is now at a low price. Due to the large number of institutions joining, this makes the Bitcoin
support price very strong and it is unlikely that Bitcoin will fall below $20k.

Hmmm this would be wide in crypto space $8k down from $30k this will affect so many holders and traders here so much which some people earn their hard earn money online i pray will will break it's ATH at it's does from the previous one let watch out for it.

I get that people are looking at 26k as a strong support, but the reality is that we are looking at something that would be quite beneficial for us in the long run if we just look at the 30k level. Even if it goes under that, which it does sometimes, it doesn't really end up with a bad result for a long time, it just gets up from there to a higher level.

This is why I personally believe that we won't be under 30k too much, and not for too long. It may happen time to time, but that's about it and we will recover. So all in all, the best way to make money would be to invest at around these prices, because the downside of it is not that big at all.

You will only get loss if you sell at loss,so the best dicision is to hold and wait for the another bullish season, i think if btc drop down to 8k$ we need to be calm and stop looking on our investment portfolio and to have peace of mind we need to think about the last ATH which reach up to 60k$. Most of the new investors  loss because they do panic selling when the price drop 90% without knowing the fact that if we buy some more big earnings will come when bullish season start again.

You wont loss nothing if you dont sell and that should really be the thing in mind because if you do freak out whenever the price declines then you would
really be ending up with this situation.

If bitcoin would drop to 8k then its a good opportunity for you to get in or accumulate cheap coins because these times arent something that very common or
usually happen which means that its a good time to get in.

Dont expect for some bullrun or recovery afterwards because you cant assure that everything would be happening in the future
but there's always the chance.

Not selling is a great easy thing to do, and yet some people do not really understand that they can literally do nothing and still make a profit. I get that selling and buying lower would make you a lot more profit, if you sold at 68k and rebought at 26k that would have been a serious profit, amazing. However, if you have failed to do that so far, trying to sell at these levels makes no sense to me at all. Traders I can understand, its trading, you buy and sell daily sometimes even within minutes, but to do that with literally months of waiting and still ending up with the same results? Dude wait a little longer and you will profit.

everyone wants Bitcoin to be cheap, even at $1000, haha but it's just a stupid dream,
Bitcoin is supported by many parties, companies, and everyone in the world has it, will they sell it at a low price?
of course NO, $8000? that won't happen either  ;)

^ Supported by big companies and also many countries already accepted as a legal tender, so I don't think BTC will drop below $8k.
The entire community did not believe in this prediction, we have here believed that BTC will possibly reach again to the previous ATH, and even though we are non the bear season right now, possible BTC will resist at the end of the day. However, if you think it correctly, you don't have any losses not unless you will sell all your asset.

I never thought or believed that the price of Bitcoin could ever be $8k again. I don't think Bitcoin can go below $20k. If somehow the price of bitcoin goes below $ 10K then I will sell my land and house property and buy some bitcoin for sure. But it never seems to happen. It would be foolish to think or hoping such a thing.

❎ - Sell at a loss
✅ - Buy the dip

If at all bitcoin goes to $8k then there are two things I would do.
1. I will not sell my bitcoin below $50k
2. I will buy more BTC to accumulate more coins at cheaper price.

I already have some spare fiat money for this as I had already planned to buy more if a huge dump occurs.

Bitcoin will probably only drop around $30k so it's impossible to see the price drop to $8k,
maybe it will happen if crypto is really experiencing an extraordinary destruction,
sooner or later Bitcoin will rise again and it's only a matter of time it seems

If that ever happens then we're all doomed based on those who bought alt coins. It would favour those with stable coins available. I'd definitely take the risk of selling my small land to get BTC. I know it could go both ways, either it favors me or goes against me but it's worth it. But in the end I don't think it could happen

If United States really Ban Bitcoin mining Then it could have an effect on Bitcoin. And Bitcoin can be seen around 25K. But the price of Bitcoin does not seem to go down below 25k. Bitcoin prices will go up again.  And in the future, the price of Bitcoin will exceed $100K. Maybe we'll see that soon.

Are you sure that the price will fall to this level? I think it's still a very long time before that.

if there is a ban regarding bitcoin mining in the US, it might be really bad for the bitcoin price. but how cheap the bitcoin dump is, won't make him lose faith. trading may increase as soon as everything is considered normal.

if Bitcoin hits $8k, that means we will get a big discount. what we need to prepare is not to get caught up in the decline in bitcoin prices later. although it would be a shame if we had to release our bitcoins. but for greater benefit, we must consider it.

As of this moment, I'd never see any significant impact on the market trend. That news hasn't yet gained more attention as I see that people are already immune to such issues as it was been doing to the other countries but fortunately, many of these attempts fails. So for now, I'd never see any reasons to see Bitcoin drop to $8k but what we probably see is just a the same trend we experience.

We, indeed not lose our faith, we don't let this banning issue ruins our plan and also the market. perhaps, we see a bright future of Bitcoin over the dark one.

Speculation is fine of course, but I have my own perception of the future of Bitcoin, Bitcoin once, touched the price of $6k two years ago, a lot of people did nothing for Bitcoin, when it broke through to the $40k level everyone was busy talking about it, I think if the speculation you mentioned happened, the same thing happened when the Bitcoin price was still $6k.

My view, Only 1% of people sell their assets to buy Bitcoin, but if $8k happens, of course this time I don't want to do anything wrong, definitely do something for Bitcoin long term.

This will be one of the biggest crash if happens and I think a serious reason why bitcoin price will fall from this low, really wild speculation but we always need to be ready from this we are in crypto, always expect the impossible and the worst scenario, DCA always once price fall.

it seems that if we think at this time it seems impossible, but in cryptocurrencies anything can happen, even if bitcoin is at a price of $ 8k, of course many people will buy it, and they are people who understand cryptocurrency, because not a few people will continue to waiting, and afraid to act. and after that many people will be disappointed because the price has increased many times, like what happened last year

This is impossible. Bitcoin can NEVER hit the $8000 mark
Do you have an idea how many investors who will buy bitcoin at that price? Investors who are willing to invest money that they can afford to loose are plenty. The rate of buy will be so much that it will push the value of Bitcoin up again to a considerably high amount. This will lead to inflation.
Bitcoin awareness is just too huge to ignored.

Another test for holders and investors, if you will be shaken on this kind of news you will only suffer from losing your money, it's a good time to leave the market and stay away from looking with your portfolios, if you intend to continue buying and taking the risk, make sure that you'll bring decent amount of patients, this market movements may be affected by the current events but as investors taking this momentum as opportunities might be accountable to your long-term success.

From my own analysis I don't think Btc will go that low, might go below 15k but not seeing below 10k else it will be so bad. But the bad is good for who is ready to buy always especially at that time when people will be panicking. Maybe it will be another chance to own more bitcoin. Am going all in with everything I can.

Bitcoin vitality When the price of BTC comes down, you must be patient even if you do not buy. Because the price of BTC will increase one day or another. The price of coins goes down to increase so of course the price of BTC cannot go down. And even if it decreases, you must be patient.

With cryptocurrency we can't get into any conclusion about the market. Just think of the previous bull market that took the price down to the region of $3000. By the time none were about the price dropping down to $5k, but it all happened in a slow manner from the ath value close to $20k. Just because there is good awareness we can't say the market won't drop, the market is independent and it can move in any direction.

The crypto market is very difficult to predict, so anything is possible. It is true that if we look at the increasing popularity of Bitcoin, more and
more institutions are investing long-term in Bitcoin. This shows the possibility for Bitcoin to fall to the price of $8k seems very small. But we can't
be too sure that the price of Bitcoin is no longer possible to drop to the price of $ 8k, so we still have to be vigilant, we still have to think about
the worst that will happen when we invest in Bitcoin.

Even though Bitcoin is a safe asset for us to hold long-term, we still have to have a backup plan if something bad happens to Bitcoin. Because one of
the keys to success in the crypto world is that we really have to have careful planning. Even based on my experience investing in the crypto world,
I have often experienced where Bitcoin often does not move according to my expectations. So it doesn't hurt us to think about our plans if Bitcoin
really drops to $8k, although like I said the chances of Bitcoin dropping to $8k are very small.

From what you post, people can easily think bitcoin can not fall below $8000, even analysts and other professionals has not gone to the conclusion that bitcoin will not fall below $14000. I do not alwaysbelieve in analysts but I believe that bitcoin can never falled below $140000. If institutions are holding in long term, that means it is even now possible that bitcoin will not be volatile like before, which means bitcoin may not even fall below $20000, but a sentiment from me though.

Everyone seeing that drop seen in BTC. As a positive thinking side we may see that every year in past BTC make a new low and new high. According to my knowledge BTC will make a new high and thinking it will go down to 8K  is a Bad thing.

It's still too far to conclude that the price will drop to $8k although we don't know how volatile the future will be or if there will be a bounce.
But let's have a look at some price analysis of the base point of $22k but it's still not clear as bitcoin is still holding around $30k (more or less) so too here bitcoin to $8k and still a long way to go to get there.
No matter how low the bitcoin is, I will definitely buy as much as I can.

The correction might prolong for a bit more until $18k but not to $8k obviously. Yes last year was a fabulous year for crypto investors with good number of ATH but the current year's growth is well understood. There will be a correction right after every ATH if you closely look at the market ever since 2017 April.  2017 had a massive pump to $21k and drastically went down to around $3 to $4k but again had an unimaginable ATH last year. Its the market. Those who are here for longer time, might understand and will have more confidence on BTC.

That institutional investors are one of those many reason why Bitcoin still a good place to invest your money, even the market is currently falling there's a chance that it will not break up to this huge amount of dip, though if by chance, it can go low but the possibilities that the market will bounce back is always the anticipation of many, it can be a good time in buying more asset and allow your wallet to wait for longer time to enjoy the value of your profits.

The investor "sentiment" is something that could drop or increase at any moment and that is fine. I personally feel like the best thing to do at this point would be to make sure that we are not doing that badly.

I know for a fact that it happens in the crypto world as well, like how we see bitcoin as "crashing" and suddenly everyone starts to sell and the price drops even harder, or sometimes it is a bull run and it increase so much that we reach to a point where it is insanely high and yet people still keep on buying. Stock market and everything else is the same way, they hear one news and they are optimistic, hear another and they hate it.

It is known to all  that cryptocurrency is passing  in unfavorable conditions. There is a kind of panic situation  on going especially among btc investors. But now I think we should be more careful in this situation. Suppose I sell my bitcoin and waiting for getting it until when it reach 8k. Is it to be a good decision? absolutely not because normally it is very difficult to buy the coin at the price $8k. I just holding my btc for long term. I believe it will turn again but it may takes a little longer.

many people forget about institutional investors, and only speculate about Bitcoin under $8000,
I think that is a stupid thought, until whenever the Bitcoin price will not be below $10,000 again,
because there are many people holders, and not only humans, but institutions, companies, even the richest people in this world.

I do not think that 1% of the people sell their assets to buy bitcoin. When you think about assets as things like houses or cars then you might be right, that is not common. However, when you consider assets such as gold, foreign currency, stocks, and other stuff like that, those are assets as well and people could end up changing stuff there and it would be making a ton of profit by selling those and moving to crypto and making a better result.

I am not saying that it should be a good deal, all I am saying is that the best thing we could do about this problem that 8k means a ton more people selling all other liquid assets like stocks, which would help a ton.

Most people do not contemplate that the price can reach a price like that, everything is possible, in fact everything in crypto is possible, if the price falls to that level, the safest and smartest thing to do is is to buy, of course this scenario should be considered, although it is a bit strange because BTC has a large institutional investment and the whales would have a great loss, I clarify, the new whales that entered the market buying at high prices, not the whales that the first thing they do is short and then buy cheap.

Not wont really be that simple because people would really be hesitant whenever we do reach up that low price yet considering from 60k+ ath then goes back again in 8k in few years time?
Do you really think that people in the community wont really be raising up their eyebrows or being hesitant whenever the price decline that bad?
Buying suggestion is easy but even yourself wouldnt see for it to be a direct decision to be made once we are heading there.For sure you would really be minding about
possible bottom which might play in $1k? It cant be avoided, trust me.

Even though nothing is impossible in cryptocurrency, we should not imagine that the price of Bitcoin could ever falls to the level of Bitcoin going as low as $8k from the price of about $68k. This is too poor for us to imagine. If we are pessimistic about the movement of Bitcoin then, we should see the price of it to go as far beyond $20k.

The whales that are manipulating the market knows why they are doing and I'm sure they are ready to buy all our Bitcoin so we would have nothing to sell or buy again. I see the price of Bitcoin going back to the previous high in time to come.

All coins, including Bitcoin, are now declining. Bitcoin has come down to $25k.in its behavior, it seems that Bitcoin can go down to $20K. Which will give us a great opportunity to invest in cryptocurrency at the last time in dip. I look forward to that opportunity too. Let's see what actually it happens

Yes, at this time the price of Bitcoin has dropped to $25k and the altcoin market is experiencing the same thing,
such a possibility but that doesn't mean Bitcoin will drop to $8k,
the most important thing is not to panic and follow the market movements all the time

Even we are already too far off but we know that there's always the probability yet we've been seen the price is always been unpredictable and we wont know if we would really be going that low or going into those

early years price point but even myself not really that convinced that we would see these numbers again but hey im still open minded about probabilities yet this had been always
the case or scenario that we do commonly see into the market where price could shoot or drop without even knowing or being too aware.

ill make it simple. NEVER STOP BUYING.

This is why I came here again to see what people are thinking now, that we are hitting this $23k level.
So yes, everything is possible to happen but we also need to assess the probability of the scenario.
There's a possibility that bitcoin will drop to $8k but what do you think is the probability that it will happen?
For me, the likelihood of hitting the $8k level again is very low. I am not even thinking that we can go below $20k.
This month is quite interesting one. One should decide what to do right now, because it can easily go up or down again.

Probability is indeed low because if ever bitcoins price hits up that low then there's something happening in the market but if there's none then chances or always be in line about recovery is something inevitable.I had
been doing cost averaging yet i had bought some coins when it hits 27k and now the price dip down further then i had bought on 22k price.If this one would hit up 20k then its a sweet spot but once the support
of 20k would be broken then expect for the worst and what comes even more worst if the community would be panicking out then the situation would even become more devastating but at the same time it would really be an opportunity for you to get in.

Looking at the state of the market, it seems that the market will go down further and may return to its previous position.Everyone here is saying that Bitcoin will come in at $8k If Bitcoin goes from $10k to $8k we will all buy and invest in Bitcoin, maybe for a long time.We will hold Bitcoin, remembering that one day Bitcoin will go to many high positions.

Bitcoin already dropped 20k. Which is a big support for Bitcoin. If the price of Bitcoin goes below $ 20K and breaks this big support, then maybe we will see Bitcoin at $ 15K or less. The whole crypto market is now looking at Bitcoin. Hopefully the price of bitcoin will  start rising again with the support of $ 20K.

I hope that in the near future we will not see such prices yet, because I spoke with many familiar traders and in fact many have invested a lot of money, and on such waves they can noticeably lose.

Hopefully that $20K will continue to hold and not be broken by this massive dump. There are investors who are taking this big risk. They are still in the buy mode and not to allow the market to create more fear. I guess it's hard to place your entry if you are unsure with how to handle the kind of risk.

Plan ahead and make sure to have alternative adjustments in case fear also interferes inside you. Nothing is certain and we don't know how long the momentum will continue being bearish.

If eventually bitcoin falls that low i don't think i will sell off my bitcoin because we've been through alot and we've gone far to go back now. I'm in this already and i can't go back now i will keep believing in bitcoin as i always have, i believe it will take turns again so i will keep buying as long as i can.

That's a good strategy, even if bitcoin will drop that low, we still should not panic because bitcoin will stay and the bull run will eventually come. Now, that we are witnessing a huge dump, this is a game for the  weak and the strong hands, and as always, strong hands will always win, so HODL.

For me personally, this situation is difficult, as it puts me in front of a choice either to sell BTC and get at least some funds, or just wait for the next growth. If the price of BTC falls to $8,000, then this will of course provoke some of the holders to sell BTC, since there will be a lower probability of a price drop, on the other hand, this will be a good opportunity for investors to enter the market and increase their amount of BTC at a very attractive price. So I think that everyone will act according to the situation.

I will be happy to load my bags with lots of Bitcoins. Because bitcoin will never fail. I've seen situations worse than that. So, I cannot sell but buy more.

So far, the price still has to fall three times to reach the price described in the topic. I don't think this is to be expected. Although, if you pay attention to the fact that most recently the price was three times more ...

The bears keeps pushing the price below $21k what if Guggenheim's Minerd (https://www.coindesk.com/markets/2022/05/24/guggenheims-minerd-says-bitcoin-will-drop-to-8k-we-checked-his-record/) speculation on bitcoin having an ultimate bottom of $8k comes to play out on the market trend will you believe him in cases of future price speculation or will you see just see it as mere coincidence. Once upon a time musk was a trusted speculator are we going to add Guggenheim to this list if $8k is reached

If it would happen (but hope that it wouldnt) then my funds or wallet is already prepared but i might consider on buying below 20k price point which i could say to be the best time for accumulating cheaper coins.

8k might be too far stretched off but hey no one even anticipate for bitcoins price to go below or reach 20k as of this writing.Some dont even believed about going back into its previous
track or past prices but here we are now.

Nothing is impossible and anything could happen not only talks about ATH's but also with crashes too.  8)

As I have said before no one can accurately predict the price of Bitcoin so if ever what he predicted really happened then I'll take it as a coincidence but it doesnt mean he is already reliable in predicting the price. Thus its better to have our own analysis and not relying on someone's prediction.

Anyway, the bearish market is not always bad. There's a good side of it for investors who are waiting to fill their bags.

Well 8k$ Bitcoin is really a chance for me to accumulate more and more, I don't care how much bottom we have but I will buy it when it's low as possible. I sold my Bitcoin when the price is 40k$ so right now I'm buying at 20k, and 15k prices. So if 8k happens I will prepare my capital and buy it straight away. Don't be afraid because Bitcoin is down more than 50% since it can up more than 5x when the bearish market ended

Well this means that anything can happen, and only those who have a lot of money are the only ones who can move the market, right now a lot of institutional money has come in, well not right now, just that there is a lot of money put in and I don't think that all those people who have their money there are going to let it lose, or even worse, leave the market with less money than they invested, I think they will find a way to resist this market envy, so I think for now $8k it is not as viable or profitable for the big whales. I think they will somehow be able to defend their position.

I don't know if it will happen or not but for now the price of Bitcoin is still around $ 20k,
maybe with conditions like this we can buy it gradually because after all it's better to take advantage of every opportunity well,
but again it depends because everyone has their own decision

8k is possible and yes if it gets to 8k don't get stress over it.

Since it's inception crypto is very volatile. Just now BTC dumped under 20k in a matter of an hour. With the upcoming recession i guestimate we see lower prices.
And yes I will be there hopefully near to bottom to get buy in.

Good decision because the price is too low for investors to make a good profit that will give them joy in this period. Now that we are still in bearish market, it will be favourable for people to hold and wait for the price to increase higher before they can sell to make a good profit because the price will not remain low through out this year. I think many people will use this opportunity to buy bitcoin and hold for the price to move higher.

Yes it is possible right now, with this many people will start to sell their bitcoin in order for them not to face the 8k, many people will took this opportunity as well, it's painful to see that bitcoin is now at 18k, I really just hope like everybody that it will not take too long before it recovers. if I will have more money in the next few days I'll buy some small potion of bitcoin as well.

Whales knows when to dive in, they are just waiting and observing but on both sides they are well aware either they will shake more and keep the dumped to manifest more weak holders to sell out, or see the opening to start the pumped and bring more newcomers to invest in, always do your diligence to research and have an alternatives path in case your attempts to invest did not favor your position.

Take time and keep working hard to find the best fit for your investment.

If bitcoin fell to 8,000, which is highly unlikely, I would forget about the investment and move on to thinking 2-4 years ahead. Everything is very volatile and should not be ruled out. But at this point and with the number of institutional investors, I think that if it fell to those levels it would not take a month to return to 30,000

are you sure about $8000? Don't let us miss the next bullish season,
because according to experienced traders this is the right time to buy Bitcoin and altcoins,
and don't wait for $8000 because it will definitely never go back there again, believe me!

As of the moment, the price of Bitcoin for real really dumped its value. And majority of the Bitcoin lovers too are taking the opportunity to buy then hold, this was the real happened so far. Therefore, if ever even its too difficult to believe in, there are still bitcoin enthusiast will certainly buy instead of worrying about the price. ANd aside from that there are other altcoins too in the market in which are also good to hold in the long term.


Agreed to you Sir, only thing is that we don't know when the exact date, time and day will happen. In fact, for now since I have Bitcoin the only choice to apply is really to hold in the long run and never stop holding it.

Now that the price of Bitcoin has come down, if you buy something new, you will be able to make a profit very quickly. If Bitcoin $ 8k if it comes down here, I'll sell all the tokens before that because I can't wait that long, Bitcoin will take a long time to get better. Another thing we need to know better is how to stop the losses of those of us who will invest. I don't think they can make a profit if this bitcoin goes below $ 8k. Bitcoin is twice as low as the bitcoin I've seen so far. You just have to be more discriminating with the help you render toward other people. Now if you don’t own Bitcoin I don’t think it will happen again because such opportunities will not come again and again.

Surely this is a very difficult fact, I'm sure if Bitcoin drops below $ 8K it will be difficult to rise, many large companies will cancel the project and of course the haters are increasingly active in spreading FUDS with the fact that many Bitcoin investors cry because of the price of drops and them will say Bitcoin has no future.

I agree with you. Because the whole world has seen the destruction of a big coin a few days ago. For that, many will sell emotionally to reduce the price of bitcoin.  And all of people say that them bitcoin has no future. But i will say bitcoin is the next Economically weapons.

People will say "Bitcoin is dead, Bitcoin has no future anymore and etc etc". People will definitely use these phrases just to bait people to sell more and make people panic because of these words. If you are brave enough, I would prefer to just buy it when it would ever hit $8k and check if it's a good price to stay on, otherwise I would wait more if the price would ever continuously dipping.

Expect those lines whenever we do hit bear market on which there are ones who do really say those negativities around and on the time that bitcoin do able to climb or recover once again then those negative words would turn into

positive ones  which is really a very common behavior or reaction that you could really see into this market or simply being that situational thats why you should really get used to those words and sentiments.One thing is important is

that you should really make yourself get prepared on any possible situations that might be faced up ahead since you wont know on what would be happening on next minute/hour/day/week or month.

In fact, for some people, this is the state of Bitcoin today. Those who have no confidence in this bitcoin. They do these things. There are some people who want the price of Bitcoin to go down. Then they can buy them at a lower price and hold them. But people do not understand that hold is gold. Some large traders will associate Bitcoin with their company as they wish. Again when it is time to sell them they will say we are shutting down bitcoin from our company.And I want to say that if you want to get something good, brother, if you hold it, you will get something good.

You will also find people who were crazy to buy when Bitcoin was at ATH. But now that the market is giving them a chance to buy at a lower price, they are waiting to buy at a lower price. They don't really want to know about Bitcoin and they don't want to think about the bright future of Bitcoin. The market is free, so traders activity here will decide the next trend in the market. That's normal. I believe that the day will come when it will not be possible for ordinary people to buy a whole bitcoin. So only those who are patient and confident about his vision can succeed.

You never know where is the top and where is the bottom. The best course of action is DCA. Whenever you have money for shopping buy bitcoin. Accumulate as much as possible without worrying about the price. But if the price drops significantly then push your buying habit and rest of the time just practice the regular buying habit.

For example, a bitcoin nerd would still buy bitcoin when the price was $60K up but not pushing it hard, over $100k is fine or even more does not matter. But when price dropped to $40k, he will push a little hard to buy more than usually he does. When price is dropping more and at this stage when its under $22k he gives his best. However when price drops further he collects more money (however it's possible) and buy even more! Always have a spreadsheet to know your average price. After few years when you think you have enough of it and the price is obviously above your average price, enjoy your vacation. Life is very simple.

Depositing money in the bank is not going to make your rich, the inflation rate will eat up your gains.

If bitcoin reaches such a low price, then the psychological moment will turn on and people will simply be afraid to buy anything. At such moments, the maximum fear is turned on and people will simply watch without any action. Of course there will be a small percentage of people who will buy and they will, but the laws of large numbers always work the same way.

There are people who will take advantage of this momentum, experienced traders who knows what's the value of long-term investment, even it will take some time as long as they know that the market will soon be bounce back and give them the profits that they desire to have. We don't know if how low the value will go but if you have spare and you can buy little by little, just hold and wait for the market to bounce and let you earn decently.

I'm not likely to sell anything, but I might get a second job though. Who needs to go have lunch out when you can grab 1/100th of a Bitcoin for 80 bucks? lol
Let's say I am spending $80 for a dinner out while BTC is at $8k --> that's the equivalent of spending $1,000 for a dinner when Bitcoin gets to $100k, not even mentioning $10k when it hits $1M. This is called the cost of opportunity.

I think never will come $8k because of market cap. I think floor price of bitcoin is $18k. If break this lavel it will happen for only few moments. Never will stay for long time. And it will recover within short time. And i also think end of this year bitcoin will move strongly and it will touch new ATH. And i am waiting for that.

Anything is possible at any time in the crypto market. Researching the crypto market over the years has given me some idea that the price of bitcoin can be as low as 10,000. At this time the opportunity to buy bitcoin will be created.

Not 18k. floor price is $17,500. I still don’t think that’s the lowest price.  And it will never go down bellow 17.5k. The market is still at risk. So the market may dump again.  This is not unusual. So I'm still afraid to invest in cryptocurrency in this situation. But no matter how low the market goes, it doesn't look like it will be $8k

Whenever Bitcoin went from $30k to $20k many people thought that Bitcoin would be dumping a lot more.Then we became very nervous about Bitcoin.Then I saw Bitcoin cross $20k and stay within $17k. Then all the investors fell into a lot of thought consciousness.Then we were reminded of the $8k that Bitcoin would soon be in the $8k range.But Bitcoin goes from hundreds of thousands of dollars to $20k and is currently hovering between $21k If Bitcoin comes in at $8k then of course I will buy Bitcoin and invest it for a long time.But I’m sure Bitcoin will never come within $8k.

as the price is at 20,000$ and I don't see it going up that means that we are in a danger zone, so we have to wait for the price to break 22,000$ and go back to 30,000$ or it drops a lot and breaks the 17,000$ and with that it creates a big panic sale that will take us below 8000$, knowing that there is this ukraine figure, there are sanctions that are leading the world into an economic crisis, so we cannot wait for the price to recover so early, I personally would only buy if the price drops too much


until months ago many people said that the price would never go back below 20.000$, well the price drops to 17000$, so it is not impossible to go back to 8000$

Definitely, haters will likely give gas and oil to make this burn at all. The FUD will be spreading all ver the world. Saying Bitcoin is a scam, Bitcoin is worthless, Bitcoin is dead, and many others. And people who are influenced by the FUD will always panic, and sell their Bitcoin off at that very dropped price. Whereas, we have ever experienced this in the previous bearish era. ANd the fact is that Bitcoin can still survive and rise up again, passing new ATH and gohigher again.

If Bitcoin drops to $8k, best believe everyone and their moms will be lined up.  The demand would be insane; however, I would be you a large amount of sats these institutions that hate on and talk shit about bitcoin will be at the front of the line.

I don't know whether Bitcoin will drop to $8k or not but if we talk for now the price is still around $20k,
clearly we need to take advantage of this opportunity to buy gradually and don't have to wait for the price at $8k

The possibility of Bitcoin drop to $8k all the way from $69k is very low, we know Bitcoin is the world's leading cryptocurrency so by that it has a very high volatility, each time it drops, people gets panics and sells off there BTC, when it rises again dey buy at loss prices which isn't suppose to be so but those who understands crypto and have studied Bitcoin knows no matter how it falls, it'll rise again, it fell from $69k  and to $19k, and people are taking advantage of every Single move of it, imagine those who short BTC from $69k to $20k how much profit they'll be on. I'm not saying there's no possibility of it hitting $8k but if it does then it's going to $0 gradually and there's a very strong support at $0 which will skyrocket it upwards. One thing I know is certain. One-day, sometimes Bitcoin will be at $100k+ and we'll still say it's in deep, so as you're holding, also be making profits from the day trade

Bitcoin have dipped in the past months and will continue to dipped because of the high volatility in the market. Bitcoin have breaken all the support and resistance in the structure of technical analysis, experts loses their money in the rapid bearish movement of Bitcoin and some have even withdrawn their money from Bitcoin. In early this month, Bitcoin hits it's ATL price which ranked to $17,588 but presently today it's has climbed to $20k. For Bitcoin to dip to $17k, there's every possiblity that it will still hits $8k in less than no time. We will still be keeping our eyes on Bitcoin as others have a very mindset that it would run down to a $0 while others hope before the end of the year, it would shoots up to a long run of $100k. This space is unpredictable because of the constant bull and bear Market, we are experiencing everytime.

if you look at the past, indeed since 2018-2020 bitcoin has decreased below $ 8K but will this year also happen? I don't think I'll see that, even if the signs of a decline continue and of course it will only be around $10K and not until it's going down to $8K.
Of course, you are right, my friend, if there is a decline like this, it is the right time to increase your bitcoin and altcoin investment, of course.

since 2018 too Bitcoin has being experiencing rising and it's this year that Bitcoin fall beyond the previous time it falls before and i believe that the falling is just a helping hands to make cryptocurrency to be strong whenever it return to the high price, what is happening into cryptocurrency now is not that it's surprising of it fluctuating for values, every body is looking at or when it will rise, it's better and to invest with them, all the cryptocurrencies because it will rise again

If I'm not mistaken, before the previous growth, there was also a fall. But despite this, even then everyone was shouting that bitcoin was a scam, and the price would not rise.

Bitcoin is dead
Bitcoin is a scam
Bitcoin is a ponzi
Bitcoin is a shit project
Bitcoin doesnt have a potential

These are common lines to those people who dont believe into its potential specially if they do see a declining market but if they would really be having some in depth
search of history then they would really be saying up to theirselves that it is really worth a shot on making some investment.
It could drop but doesnt mean that it would really be the end of it.

Yes, that was last year. When we've hit a certain high for bitcoin then it has dropped to $29k but this time it's lower. So what can we expect? We're expecting that a better price will be retrieved soon and we just need to wait for it to come.

It's not new. That will never be gone and people will always tell that and they are those who are against bitcoin and never hold bitcoin or sold early but now they regret.

Maybe it's possible since many experts are seeing a similar pattern between the year 2018 and 2022 although they didn't state that the price could hit 8k but their predictions are still higher than 10k. They also think that 8k is too low already for bitcoins on this year judging that the btc users have learned a lot of lessons from the past. Before what usually they will do when they see a bear is they panic but now they will simply buy and hodl strongly.

@judaspriest
Don't worry, bullish season won't be missed even if let say 8k can truly come because bear do always has its own end. The market won't be balanced anymore if it will only stay on one season.

A great reset happening and I'm saying this is a great buying opportunity
Yes, I want some more. I want it sub 5k, not 8k :)

And the next quarter, I'm Rich  ;D
Improve our maths, going back a bit further
Bitcoin will always eventually go on to a new ATH

Bitcoin dumping to $8k is is very possible in the bearish market. It's current price is currently $20k and it's was down to $17k in the mid week and their is a very strong support that it will break all resistance before retesting back to a bullish run which all of us are waiting for. Crypto is nothing without Bitcoin since its the first digital coin and it's market cap is weigh too high. But if the wordt happens and Bitcoin dumps to $8k, the patient investors will be grateful and purchase season much pieces of it.

There are calm and experienced traders and investors that will still purchased once the market fall to that level, so far after breaking $20K and went up to $17K the market bounce right away, those who bought at early $30k are possible to instead of throwing their coins they are buying and holding more, believing that once the strong market start to run the value of their holdings will be more profitable.

True, I'm also expecting above 10k price then and go sideways for few months but bitcoin can go 8k at the very bottom. I personally want bitcoin go 8k if possible, at that price point I should accumulate as much as I can getting ready for next bull run. People from last bear market learned the things they should do at bear market, I myself learned my lesson the hard way so this time I want to make it right. New comers now are starting to panic, We can't blame them since the value just keep dipping. All we need to do is to survive this market cycle.

I don't think this will happen by the end of the year. There are different scenarios for the development of events, but I do not think that there is a possibility of such a situation.

I don't see any market conditions that can make the price of Bitcoin to fall to $8k. Even though it looks like everything is going to crash out, I am looking at the market to gi back $60k and reach $100k. The market looks bad now and we should see it like everything is going to crumble to nothing. The market is ranging and who know if the market can start going up again with good momentum.

10k going to be a tough nut to crack and I don't think we could ever hit that low. Around $11k-$12k, maybe. If Bitcoin goes lower than $10k, maybe then $8k will be the main topic of the talk. Else, just more fud to something that doesn't seem to have a strong chance to be.

One thing I love about Bitcoin is that despite it's price there will always be people available, ready and willing to buy Bitcoin at all times, which is what makes it invisibly powerful, because people will always give negative feedback in any slightest opportunity they see to discredit  it. I could remember when the price of one BTC was $60k (people said the price was too expensive), then the price broke down to half at $30k (the same people complained the price was still expensive) and now the current price of Bitcoin is below $20k (same people are still saying the price is still expensive) so if the price of Bitcoin now fall to $8k, am sure that's when those people will either start saying Bitcoin is dead or dying..  So at every moments people will not always be comfortable with the price

I don't think there are any signs of death yet. At least, it seems to me that so far the results can even be positive. Especially if you do the right analysis.

And you also can't guarantee that surity it won't hit under 11k-12k. Main thing no one cannot guarantee it that about the future of currency . When bitcoin was 50k I believed that now it will never go bellow 40k after that when it was below 40k I believe that it will never go bellow 30k and it's gone . So it could also be happen that btc can drop to 8k

When you do step your foot into this market then its no guarantee that prices couldnt really be able to reach out certain ATH's and the lowest low all time which means that you should presume that it could really be

going that low but of course they wont really be just giving some numbers without any basis but instead this is what they do see when  making some technicals on which they do really see that it could possibly
go down on that level.

Its all presumption and speculation but we cant really know if those things would happen or not.As a trader/investor then take this on some pinch of salt but its up to you whether you would
made out actions connected or correlated to it or not because we do have different kind of approach on things whether we do really make out decisions on buying or wait up even further.

But it would be regarded stupidity in the highest form if Bitcoin gets down to 8k and one doesn't not fails to buy at a cheaper price.
Most at times recently people are currently hoping Bitcoin Falls back to a reduced rate more than 15k but almost 11k wouldn't be a bad one so they can get it cheap while waiting patiently for the Bull run. But according to chart's currently we are not expecting an increase and a decrease below 15k.

There is nothing to disbelieve here. The market can go to any position at any time. We never thought Bitcoin would be between $17k.When the price of Bitcoin was between $69k, no one believed that Bitcoin would come down so much. So looking at the condition of this market, it can be said that the market can come within $8k dollars, there is nothing to disbelieve.

Bitcoin can literally drop to 8K or even below at any time, there's no guarantee on maximum price fluctuation for Bitcoin, neither is there anything that can determine the minimum price for it. It's an open market, I remember when Bitcoin reached USD 65k, so many people said it could never be back to USD 20k but here we are and it's fell below that over and over again.

I believe Bitcoin will get to another All Time High, it's just matter of time, but it can also go the other way. Nothing is assured!

Yup.
We've waited for 3 years until bitcoin has broken its former all-time high, $20k. And it only took a month or two in 2020 until it reached $20k again when it was under on that level.
I also believe that we'll see a new ATH and this has proven the cycle to be real and it will come with bigger traditional players just like how it went in 2022. I'm trusting and have confidence in it especially when we're approaching to the next halving.

Usually that halving event could really make out some good trigger on having a good bull run but if we do based up on previous or the latest one then the market hadnt really give out that much of an impact or shall

we say a significant move but when post-halving then it do really starts to kick out and reach out and breaking all time highs and we didnt really even expect that the price could really reach out this high
which is on ath 68-69k as far as i remember.

We are just hoping for breaking that 20k ATH that we've been longing for it to be break yet it did really last for a long time but surprisingly bitcoin did even give that chance on breaking those prices or levels which we hadnt anticipated. These cycles could give us some pattern but of course there's no such thing about pattern because every analysis could really be fucked up anytime by this unpredictable market.

it is true bitcoin will make a new ATH . but no one don’t know when it will happen. if market follow the structure of 2017-2022 then it will normally take 4 years to make a new ATH . but i am not sure . but probably it can happen in this time row

i will sell everything i have and buying bitcoin and keep just a mobile device which can access internet so that i can store my bicoins. then living as a begger.

if checked were Bitcoin started as a rising point you can't blame it's falling, i seen bitcoin as a currency that have no strength of varnishing totally, since the currency is not we can predict it's feature and we don't know what it have for the next speed of price except more investors enters the market. The price were $69k then and fall to $17k and remain in $19k and $20k now and people is complaining because maybe they bought when it were $69k. But in 2018 when the price were $10k and the price arised to $69k people did not complain

It's really about the cycle, bulls and bears, and for me the harder we fall on this bear market, the higher we go up in the bull run. Of course, it's disheartening to see the price going below the previous high of 2017, this is the first time that it had happen, nevertheless, the chances for a new all time high in 2024-2025 is also very good. Halving might be just around the corner, yeah I know, still about a year to go. But in crypto, time flies very fast. So in the next 5 months it's already end of the year.

If we decide to enter the crypto world, we must first learn everything about the crypto world, so that we understand what risks we face.
Don't buy Bitcoin just because we follow other people's advice, but we have to understand Bitcoin, so we spend our money to buy something
we understand. So when the Bitcoin price doesn't move as expected, we don't complain and panic. But most people who complain about
the current bear market, I think because they don't really understand how the crypto world works. Because people who understand the crypto
world well, certainly will not complain when they buy Bitcoin at high prices, because they understand Bitcoin will definitely recover,
and they can make a profit if they are able to be patient holding Bitcoin until it reaches the new ATH price.

I hope that in the near future there is no threat. At least, I really do not see the reason for such a sharp drop in prices.

Definitely, That would be the time I will go all in to buy Bitcoin if that eventually does happen, because it means the biggest opportunity to me, since I missed the $3500 -$4000 corona dump.

I'm not going to sell anything as to not go against my rules and investment strategy, the market is still a volatile market so I have stick to the rules that says only invest the amount you can afford to loose.

True. The market will give you a chance but it is your responsibility to catch it at the right time. When Bitcoin was dumped during Corona, some people were still waiting for Bitcoin to be dumped more. But their hopes were not fulfilled as you missed that chance. The current situation in the market suggests that the market is giving us an opportunity to take a long-term position. No one can say where the next bottom is, so you have to take a position depending on the market conditions as experienced traders do.

That would definitely be a buy signal because "buy the rumor" "buy the dip".
I wouldn't sell anything to buy bitcoin but may be I would close my fixed deposit to buy more bitcoin.
May be if I have enough spare cash then I would use that money to buy bitcoin.
As long as we are using the opportunity to buy the dip I am good.

Yes, we all know that time will come but we need to wait because there's no accurate time when it will be. At least we have the pattern that every after of the halving.
That's the time the market goes on the bull and then the bear comes again. The cycle that we've known and we all have the idea when it's coming and that's why if you know that pattern, you should have yourself buy those coins at the sale now.

One thing about market is that it's psychology.

And market most times does opposite of what majority expected.

Currently alot of fear in the market and majority expecting dump.

But it's good for the whale to pack everything and move on since majority are currently afraid to come in.

If we see 30k now majority will now come in and be calling for 100k then whale will start taking profit when majority start calling for a higher numbers.

If it does reach $8k, I guess the price will go down more. But it’s hard to tell. Long-term investors should sell and rebuy again, while for short-term investors it can be beneficial since bitcoin has re-bounced and reached back to its levels.

If I'm sure the price of Bitcoin will fall to 8k$, there's no reason for me to hold on now, but instead I'll sell it immediately after it falls to 8K$, I'll buy Bitcoin again, it's just that simple, but we all always know that it's difficult. guess what its price will be whenbitcoin falls, and we also don't know when it will fall in the market especially since we are still in the bear market at the moment and we don't know the movement of the thoughts of the whale investors of Bitcoin , that's our big problem.

At this time it is very possible that anything could happen for BTC, this is not the time to ensure that BTC will not fall any more, at least I do not see it that way, I am a very optimistic person, but I cannot cover the sun with a finger either and obviously if there is still a war in Ukraine and RUSSIA, there will be no peace, and that peace translates into market instability, and a lot of panic, it can also be said that another possible war is at the gates of China and Taiwan, the danger is not Tawan but that the USA enters the conflict to defend Taiwan and that represents that many countries enter NATO, so while there are those risks of war, it is difficult for the price of BTC to rise calmly.

The crypto market has been hit fast and possibly the hardest, Bitcoin price isn’t predictable
But Bitcoin is here to stay. Our job is to survive
Hang in there. There is always light at the end of the tunnel, even if we can’t see it yet :)

The best time to buy Bitcoin is now that the price is still within the range of 20k, so buying more Bitcoin is the best store of value because in the nearest future let's say 5 months from now the price of Bitcoin will make a new all-time high and there is going to be a massive bull run in 2023 as Bitcoin gains more public adoption and countries coming to term with bitcoin ecosystem. So ultimately Bitcoin may not go further deep as the correction benchmark already exists.

Yes bitcoin can go to 8k very soon . it will be cool , will buy at good price

Considering the last time high, I agree that it's a good position to buy bitcoin if you are willing to wait for a much better value. It might take some time since the bear and the bull still fighting for the domination and it's up to all buyers if how they will take their investment. It's tough if you are unsure.

But, it's also your advantage if you are well-aware to how the market will move and how will you anticipate the possible next run.

a good position to buy could be at this time, but the bear market is still in control. We also have to have spare money to anticipate when the market price crashes again.
$8k or a close is possible, it's only a matter of time, whether the market is strong to hold it or the market continues to be bearish.
I've invested some of my money in some of the top bitcoins and altcoins, now there's only spare money left to buy at lower prices again. Always pay attention to market movements to find out where the right price to buy is.

To be honest, at this price, I would definitely buy more. For me, this would be a very good option to increase profits.

save your money in case the market suddenly crashes again. if you have saved enough bitcoins and top altcoins, then you just have to wait and be patient. pump moments will surely come to pick you up with profits.

to be honest, I don't think Bitcoin will go down to $8k. although it's normal to happen, for me it's too far. The downward trend that has occurred this season is quite deep. reaching $15 for me is the limit of reasonableness. but if it's more than that, it seems very difficult to accept.

Anything can happen in the crypto world overnight, my lowest target is still in the $8k-$9k area it still looks normal, and of course there will be massive buying if the target is achieved. if the price at $15k is as strong as your target limit, chances are it won't go any lower than that.
But we'll see where the market price will go, we can only predict but it won't be 100% accurate. Only need to prepare money for buyback at a low price.

I think, it will be difficult for Bitcoin price to dump to $8,000 in this year 2022, because the green light is preparing to be fully stable through out the remaining months for people to smile again in the community. Now that the price of Bitcoin is between $19,000 or $20,000, which will be the lowest price before the price will hit higher for those that bought in a low price to release their coins for sale to make a good profits from the market.  It will definitely be great for those who understand the bearish season to hold and wait for the price to move higher before they can sell to make a passive incomes from the market.

The current price of Bitcoin is $19k and if I see it lower than $15k to $14k I will try to sell it as the price may drop further. But if it goes below $10k I will try to buy as much as I can. Because I believe in Bitcoin. I know all will be well and then BTC will move positively towards its previous position again.

As far as bitcoin price does no fall to 0, no matter the amount it drops hodling is just the way forward.  It falls for sure their would be some people who will want to sell in panic, investor will still buy more no matter the amount the price drop to because they under stand buying at every dip is an opportunity.

I'm not going to sell anything/ nor taking any loan to buy bitcoin, only converted my x% of fiat money into bitcoin.

What if after you sell bitcoin takes a big jump to the upside... And you never get that price where you sold, Hahaha.

It could be good strategy, but this is a risky one. In my opinion, you should focus on DCAing.

$8k is low so definitely many are going to buy at that low.

Whoever won't buy at that time even just for the sake of DCA, don't really have that much attention to the price.

While everyone is surely going to buy with that rice, then there goes the others that are making excuses despite that they've said that they'll buy.

How do you know it will drop more once the price reaches $8k? Give your reason or proof?
I even don't think Bitcoin price has a chance to reach $8k again. Its ATH is $68,789 (CMC), how can it drop to $8k? I believe BTC price will stay above $10k, but I don't know what the lowest price will be.

Both short-term and long-term investors will sell and rebuy. But a long-term investor probably will wait for the lowest rate to buy although some investors buy gradually in each big dump. Both get benefits from this bearish season, they have a good time buying. Anyway, I don't see a too big difference between them, it is only about how long to hold.

The market in still unclear, we might see good bounce and it will stay up for a while but because of volatility we don't know when the market will dump back and how hard it will be after this short recovery, though it's still far from the last time high and if in case that there are more sellers than those who wanted to buy, the market will suffer from big downfall.

Every investment has the kind of risk. It's your take as investors or as traders to how you see any advantage in each market conditions, still on your own interpretations.

If Bitcoin really reaches $8000 then people's confidence in crypto currency will decrease a lot. Many people have already lost faith in Bitcoin because of some coin scams. Crypto market is a very risky investment area so before investing in it you must have a detailed understanding of the risks. If not, you may face a big loss.

What happens is that in the market there are not many signs if the event occurs, although I am very pro bitcoin, sometimes we have to get the idea that the scenario of falling to 48k is in the posbidlaides and that it is not impossible, but for one must prepare for them, because in that eventuality they must have certain margins of indication through volume, usually BTC does not fall all at once, the last stage of accumulation was up to $10k more or less and started from the $2k, so the range is wide, it might happen, but if it does, I think a lot of people would get desperate and sell, and that's the wrong thing to do.

I don't know why people have so little faith in bitcoin when it drops to $8,000 so I think it's a good opportunity to buy as much bitcoin as possible, I'm also not sure they don't trust bitcoin so much but they will wait for better prices to start investing, but if our souls attached to bitcoin as low as any we have to believe that it's a good profit to buy cheap bitcoin.

That risk must be faced and in this situation we will feel the impact but believe me with patience holding bitcoin we will definitely benefit later.

$18,000 or $8000 or $800...

It is difficult to state what will happen and which circumstances will lead to someone hold or sell but what can be said is that there was and will always be panic buying and selling because of FUD. Whether stocks and shares, crypto or anything else in a free market, FUD does play a part.

Those that sell now to buy later do not always get what they want as it really works only when the selling price is high enough to entice a sale at a time when a price drop is expected. I would advise to not play that game as it can backfire spectacularly.

Many people may panic if Bitcoin drops to $8000. But that doesn't mean all people will begin to leave Bitcoin. For those people who believe in Bitcoin future, it should be a time to buy Bitcoin at a very cheap price. More drops, real Bitcoin holders probably buy more. By the way, I assume only people with a weak trust in Bitcoin who are worried about Bitcoin and think it to drop to $8000. While for people who are confident with Bitcoin, I am sure they never think that Bitcoin price to drop below $10000, even if it is not impossible.

There is a possibility. Analysts are saying that the market will recover around mid 2023. So, if that’s the case, then we could expect the market to go as low as $8k.

Undoubtedly, a fall in bitcoin's value to $8000 will create a huge panic in the cryptomarket and massive sales of this asset. This is on the one hand. On the other hand, as you say, bitcoiners will act in the opposite direction and will buy back btc at a cheap price. This will serve as some counterbalance and prevent further falling. At least not from a hard fall. But to be honest, I don't expect the price of bitcoin to drop to $8000 at all. It was already discussed in one of the threads that the suggested lower limit is ~$13.000 based on historical comparison with previous bitcoin drops.

Yep, there should be always a possibility but seems unlikely to drop to $8k if we consider its ATH.
Wich analysts predict the crypto market will recover in the mid of 2023? However, it makes sense if Bitcoin price begins to recover in the middle or the end of 2023 since there will be Bitcoin halving in May 2024. But this doesn't guarantee that Bitcoin will drop to $8k because there is still a lot of time for the bearish season.

Indeed. There is a possibility of a big change in crypto market if Bitcoin really drops to $8k. I can't imagine how people will panic to see a huge loss in their assets! I doubt many people starting to doubt crypto future. And I am not sure Bitcoin will create a new ATH if it drops too low.

Me, too. I still believe the ATL will be above $10,000 if no big issues that probably bring negative impacts on crypto market.

There is a possibility, but we can’t really predict what will happen. This is a hard time for us. So, we should be clear of what we want to do. And please have an emergency fund.

I have seen many people who are worrying a lot about what has not yet happened and this is not a good thing, it is not a healthy thing, and we must take into account that it can happen, but it does not mean that we have to decide what to do, to many of this would be the end and many would sell, which is a very bad decision, the correct thing in these cases is to take advantage of being able to buy in order to accumulate as much BTC as possible, because something that the BTC market has not taught us is that it will have a new ATH and very juicy, if people thought that this would happen, they would take advantage of buying at $8k because it would simply be a bargain.