Bitcoin Forum

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According to what I think, this was expected to happen with the approaching date of the next halving, which will undoubtedly represent the expected occasion for the price to recover.
The issue of losing confidence in Bitcoin after its price collapse seems to me an unrealistic idea because Bitcoin is not Luna or any other centralized network. Then, the market takes advantage of bearish periods to have an opportunity to acquire more of bitcoin and to invest in it. Also the investment opportunity to be open to a larger number of users, while periods of recovery represent the season of taking profits.

If you would have been asking in April, I would have been saying "no, this time it's different, you know..."
Now I would not be surprised if the price falls to 10k this year. Next year it should be at least at 20k though.
At least this is how I read the historical data.

But: this time the ATH was not so high and we even had two ATH and maybe, just maybe, the low will not be as low as it used to be. Just thinking... or hoping?

Hmm, I'm living on the second floor, and just right in front I've planted a few lilac trees that will cushion the jump, I don't have any drugs and pills other than some aspirin and some from indigestion (small kid in the house so we avoid storing these), no rope, no soap, no gun permit...really not prepared.
But, there are 874 job openings around me as I browse the section now, including at the bitcoin's most beloved fast-food chain Mcdonald's, so bring it on!  ;D


Statistics or percentages, you can play with them how you want depending on what you want to achieve.

For example, Bitcoin dropped from $32 to $2, in that drop $210 million in possible wealth turned into $14 million, right now, well, just $900 billion evaporated from the Lambo dreams. A rough math says something like ~5000x more theoretical profits gone? ;D  So, which one was worse?

I've prepared myself to experience any level of market decline. For now the market have been growing within specific limits. The price have been in hard fluctuation and after such fluctuation there is more of decline than progress in the market. This indicates that the price will crash further.

This major drop can happen as a long term process. However this year we'll experience it, it it is to happen. The falling year we can expect regular growth considering the halving that is being scheduled for the year 2024

More likely we might see this price late this year or mid next year.

And so why not? another good buying opportunity right? Although this might be a record low as we haven't seen the price going down way low than the previous all time high but we did see in already. So I wouldn't be surprised if we touch on this level in this bear market. We've been talking about "super cycle", wherein the price could go high and breaking the 4 year cycle. But we should be taking into account "super bear cycle", like this one, if the price hits $10k.

Same here, been saying that we are in a bear market already since January so we should expect the worst. Maybe there will be some that don't want to accept if we go this low, but we should prepare ourselves for the worst as this is too early to see the price decline -70% from our all time high last November last year. So there is a possibility that we will see the price going low that $17k and it's possible that a further crash to $10k.

I don't feel like I'm ready but if that will come, I humbly accept the truth and huge deduction of my holding. However, this never makes me cry and worried coz I don't make a stupid sell option rather than sit back and off my notification from crypto.

But, I don't even think about $10k by now - I don't make myself too negative yet. We're getting low again after in a short uptrend, kinda be moving back low possible to $18k first, then $15k.

If your mind is conditioned to expect fall, you're ready. With $10.000/BTC, the more whales are bound to become bigger as retail investors will be compelled to sell particularly to those who bought believing the speculation to bounce quickly.

I'm more into believing that $17.000 was the bottom. If it dives to $13.000, it will quickly recover back to $20.000 in a week or two. The question is will you buy back if it happens this year because its a long way still going to halving date. And anything can happen as recession comes.

Same as you my guess is 10K, there is huge support there if the price break the 10K i dont know what next but the think is crypto bear will happen for long long time atleast after halving   :'( but what i hope is atleast we go 30K first so we can take profit a little

https://s3.tradingview.com/snapshots/5/51jo930y.png

I guess this is what the purpose of this thread, to remind us specially those who can't accept it. The possibility is there that the price will go on a downward spiral to $10k.


$8k might be the next support. But yeah, we still have 6 months before the end of 2022. Maybe we will see the price bouncing back first to $30k. And then last 2 months we might see it free falling again up to next year and one more leg down for us to see in the $10k range.

I think a great indicator that we might not see $10K and perhaps bottomed at $17K is seeing all these $10K predictions all over bitcointalk and Twitter.

Back when we were at $69K, people were calling for $100K and now at $20K people are calling for $10K. Most likely the herd will be wrong and it will bottom out before that somewhere.

I can only hope that we're going to get further market wipeouts. I can stack at better prices, and more useless cryptocurrencies die out.

I'm really clueless though. I'd say there's a good chance that we've bottomed if we're in normal market conditions, but macro's kinda bad.

Yeah, $10,000+ if ever we will experience the around -85% loss from its all-time-high.
But my hope is the 2013 drop, which is not reached above -80%.
For me, the loss we experience right now which is already -73% is already huge. Today is already different from the past, volume and other companies are already here, and trading volume is already huge right now which to me is really different from the previous bear market.

Ready not ready I have to be prepared, because anything can happen to bitcoin and if the bitcoin price continues to fall and reach below 15k, there is a possibility that 10k will materialize.
and there's nothing to worry about if that happens because I can't do anything about it either, let alone do something stupid to sell it that I didn't have in mind.
maybe what i'm ready to do is have a lot of patience and also make a few more buys and hope 10k is the lowest price and if it keeps going down i'll leave it for a while and come back once there's any sign of improvement. And I also still believe bitcoin will bounce back and I think this is just a test of how hard I can wait and be patient.

That drop could be a dream (for those who wanted to buy more cheap and discounted bitcoin again), or a nightmare, wanted to buy but no capital to begin with, cringe worthy moment as it once in a life time offer.


For me it's still the miners though, if they are selling right now then it's a bad indication that we might really haven't seen the bottom yet and possible to see $10k even if everyone is onboard (government, whales, institutional investors...)

Kalou I wouldn't be prepared to see the price of bitcoin fall too far like that.
$10k is a terrible bitcoin price for me.
There will be many investors who feel they have lost their money if the price of bitcoin drops to the point of $ 10 thousand and of course they will be torn apart again.
Hopefully the worst thing will never happen.

In order not to be stressed and depressed we must be prepared with all conditions, when we buy Bitcoin, the thing we think is profit and loss, the last time I bought Bitcoin is when the price is around $ 24700, many experts believe that at that time it was the lowest price, but the price continued to drop Although now it rises again, if one day the price drops below $ 10k, of course I'm ready, the first thing is when the price is $ 15k then I will sell 75% My Bitcoin.

Not really know how much you invested on Bitcoin, but selling 75% of your coins if it touch $15K isn't sound a wise idea since Bitcoin high unlikely died or goes below $10K and so on. I'm more optimism the price would slightly recover and we might see another dump, this called as a bull trap. But you need to consider if it's okay to sell at $15K since it's your right with your coins.

I still think the bottom might be $13K-$15K if it's happen, I'm not expecting it will dump till $10K since it's too far.

It would only be terrible for people that have been over-invested and have no capital for buying dips. On the other hand, if you're always making sure you have enough capital to deploy, a crash to $10,000 would be a godsend if you're long-term bullish on bitcoin.

If they feel something bad to happen on the market they still have good options to take and one of them is taking stop lose to control heavy damage and then wait for it to come or possibly near to it then buy since for sure this will give more better chances for recovery rather than waiting for their last crypto bought to pump back again to recover their losses.

At every opportunity, bitcoin will repeat what has been done and it will continue to repeat every time there is a chance before the halving will occur. so if the op says that is we ready to see bitcoin at $10K, instead I see it might be below $10K for bitcoin, if this refers to the similarity with the situation in 2018 where the decline was quite sharp, then this hasn't happened yet, it will certainly continue to fall .
but again after the halving period is over, the bitcoins will repeat again and there will be an increase and the formation of new ATH.

People everywhere in the crypto space are bearish so I've already prepared myself for that scenario. If that really happens, then I would have a chance to own 1 whole bitcoin. Might as well stack some ETH because it would also be cheaper that time.

On the other hand if a 85% correction is really bound to happen, who is going to sell to reach the $10k price. The only reason I can think off for that to happen is if some big insitution sell their holdings that would create a domino effect to people to also sell their holdings.

$10,000 is far, far too bullish. Bitcoin will definitely go below $10k, and it is almost guaranteed to be a lot lower. Fair market value of a bitcoin is probably closer $100 than $10,000 in the current economic environment.

There is no reason not to be prepared for whatever situation may come with bitcoin. The fact is that both declines and increases are possible, this market is free and it is not easy to predict what will happen the next day. $10K becomes a theory I think is possible during a bearish season even though we are now between $20K. Of course, if the theory is in accordance with market reality, we will be ready to anticipate it.

If that happens, I'm pretty sure I'll have to sell some equipment I no longer use just to buy.

While bitcoin at 10k does not seem as a likely scenario to me this does not mean I am not preparing myself from such a scenario, and just like you I am preparing all the cash I can afford to lose to buy bitcoin under those circumstances.

As I believe that such a price will be an opportunity we cannot afford to waste as that would be as close to the bottom as we can get, still at the same time we need to prepare ourselves, as at that point FUD will run rampant and there will be a lot of people claiming that bitcoin is over and it will never recover, so buying under those circumstances will not be easy unless you are completely sure about what you are doing.

I'm willing to buy bitcoin at 10k, but I think it's just a dream. The situation now is similar to when bitcoin fell to 3k, but then many people expected to buy it at 1k. Probably this time there will be a lot of waiters who will buy it at a high price. Things can change very quickly now. Those who don't buy now will regret it later.

Yeah, that's not a heavy fall, judging from and relative to every other fall from ATH. But this current cycle (or end of it) has already taken down quite a lot of "past cycle records". It's a very different animal this one, compared to everything past, so maybe we can take some assuage that it may not repeat the % lows of past crashes.

Though really, at 10k, I'd be all locked and loaded if I had extra cash. Can't actually buy anything more really, but I'll probably work twice or three times as hard for as long as that level holds to get in all that bargain coins.

proudhon, just realised I missed you.

Honestly I am not ready for something like this at all. I am expecting that something crazy could happen very soon, thats not shocking but I am expecting that to be an upwards movement instead. Can't say that I wouldn't be shocked if it was downfall though. We already had such a huge fall from the peak to the bottom for the past 8 or so months, isn't that enough? Shouldn't we start to consider going up again? That sounds like a much likelier situation to be in if you ask me. That is why I am expecting results to get higher and higher, if we get even lower, to 10k levels then its going to take even longer to recover and I hate that part, natural part of the markets but I just want it to stop already and start going back up.

It would be a pertaining issue if the bitcoin price falls to $10k. I can't imagine what the Internet users that don't know much about bitcoin would project bitcoin as. A Ponzi scheme I guess, as they always did. China has already started telling its citizens not to invest in bitcoin due to its recent price decline. I just hoped that this bearish market will be over, and we all have a fresh relief from negative remarks about bitcoin

There's a problem though, after such crashes Bitcoin was growing by thousands percents. But this time the difference between peaks of two cycles was only 250%. The difference between bottoms was also huge $250 vs $3,000. A now $3,000 vs $17,500 isn't as impressive, and if it drops to $10,000 that would look even worse.

One of the fundamental expectations that Bitcoin will not break below certain historical levels has been broken and we're never going back. Now people think that if $20k was broken, why can't $10k be broken?

^ Go below $10k?
It seems you are wrong here, the market shows recovery and it seems the correction has been over which is I think there is a bull trend will come.
I know the $100k is far far away and that is impossible to happen this year but for me, I disagree with your $10k prediction which is impossible to happen.
Look at the market, the green colors starting to show and I think the bottom price has been already reached.

Morally, I'm not ready to see a price for bitcoin in 10.000 $, but theoretically, after reading your post, it seems to me that this is quite possible. Opinion that bitcoin's price will no longer fall is in the air and in the community. Which, it seems to me, only makes your predictions more likely, because the market is not predictable and moves in the opposite direction of what most people expect.

I don't believe in magic and I don't think anyone can see the future. We will learn about the absolute bottom of the current bearish cycle post factum. We can of course try to guess, but it's more like a lottery.

I dont disagree totally but as we get nearer to those low prices in the teens, I start to care less about the final figure for the bottom pricing.  The time to be a foreteller was at the peak prices when there was such a large amount to drop, from here its not that important.   If you buy at 20k and it goes further even 10k but eventually recovers back upwards does it matter so much.
   The biggest danger is people get frozen by the concept of volatility and low prices so they miss out on the following rises, exactly this happened 2 years ago when it just kept doing better then expected.   We might still be negative but alot of pricing is fear and upset, its a lemming type dynamic where people get spooked into selling at the lower price and its not worth even worrying about.  
   Always secure your own debts and reduce leverage in good times so you can not worry in times like this, it always happens the crowd panics so dont feel you have to copy everyone else.   Price is not absolute truth its just supply and demand this day, this week and in future it will vary again; we are going to have a tidal wave of dollars they have overproduced that paper by trillions.

Great point! 10k is pretty deep and I think it's possible to reach 10k according to charts and insights I saw from speculators. In my point of view, reaching 10k is a good news for me since I'm stacking btc and try to reach out the deepest price of this market cycle. For sure it will wipe out weak companies and those sht coins that just keep taking advantage of cryptocurrency. Above 10k or under, I'm ready.

I don't want to think that $10k would be the bottom but if it's based on historical data and facts of the percentage during the lowest, then we just have to prepare whether it happens or not. There's also the sense that it's totally different this time because no one anticipated that the all time high was $69k before the bull run happens. And when it did, our expectations became that much that the last cycle will make bitcoin $100k before it plummets. So, I'm thinking of the same thing that we're expecting something low as that but it may not happen, hopefully not.

I know bitcoin about 10 years ago when the price in 2012 was below $50, then skyrocketed in 2013 to over $1200, then dropped below $120 in 2014 or dropped more than 90%, if the price drops more than 90% then the bitcoin price around $7000, with this fact of course we have to be prepared and not panic.

As you mentioned, I have to be ready and collect a lot of capital to buy Bitcoin while in the position of $10k, I don't want to miss this precious moment anymore, if that happens.

About the bearish cycle, I think this is not absolute to say in more depth, I think this is just the beginning of the bear market, there is a time when the cycle will be even more surprising later this year.

If the price returns to $ 10k, of course we have to be prepared, maybe this is a difficult choice but we don't have an option other than wait and hold, maybe we have to hold at least 2 years to be able to pass ATH that has happened, and if we are still optimistic then it continues Buying when the price of $ 10K is the right thing.

I honestly really hope Bitcoin doesn't go down to $10k, but looking at the current movement of Bitcoin which is still difficult to return to the price of $ 30k.
It seems very possible Bitcoin to drop to $10k, and like you said we have to be ready if Bitcoin drops to $10k. Therefore, since Bitcoin is stable at $20k
right now, I stopped collecting Bitcoin, I chose to monitor market developments first. So I collect the capital to buy Bitcoin and buy stablecoins first,
to avoid a volatile market. And if it's true that Bitcoin finally drops to the price of $10k, at least I already have enough capital to buy Bitcoin.

It looks like the current bear market will last for quite a while, because until mid-2022 there is no sign that the market will recover. So there is
a possibility that until the end of this year there will still be a bear market, therefore we must really practice our patience. So be better prepared
to face a bear market, and also have to be prepared for the worst that will happen, such as the Bitcoin price dropping to $10k. That will be something
that is difficult to deal with, especially for people who are already buying Bitcoin at high prices.

Those pattern-repeat theories in the brief history of Bitcoin work until they stop working. There were also many such theories saying we were going to hit minimum $100k last year.

I do think it's possible that we could go down I don't know if to $10k but below $17k, not based on some chart repeats, but because of events in the world and in the economy that may influence that.

Of course for me the absolute bottom would be around $10k, followed by a clear bounce upwards, as many investors would see that price as a bargain and buy at that price.

As a new investor in Bitcoin, I tend to take inspiration from older investors that are optimistic. I know the market has no respect for courage or loyalty but that's what keeps me going. Although I am prepared for they worst but I am very optimistic that Bitcoin would not fall below $15,000. All the predictions are just based on untested speculations that might fail due to unforeseen occurrence or happening. For the past four days Bitcoin has been strong and holding a steady position. It is possible that we are close or have reached the end of the bearish market.       

What do you think about the price in 2023? Can we expact it goes to new ATH at 90000 - 100000? Could you please also explain in more details about this 4-year cycle? When exactly the renaissance begins - straight after 85% loss? And how does it correlate with the fact that mostly BTC price in the end of prety every year is higher that in the beggining? For example in the beggining of 2019 it was $3700, of 2020 - $7200, of 2021 - $31500, of 2022 - $46300?

Does it mean that now is the moment to enter long-term positions? To buy and hold for several years till 2024-2025?

And what price will be the new ATH in your opinion? For example, the previous one was near 70000 (in 2021), the one before previous was around 20000 (2017). This is a 3.5 times growth. Can we then expact 245000 in 2-3 years?

I am pessimistic but 10k seems to be too low man. Sure nobody knows what is going to happen.
But take in effect that there is very strong support in the 18k region. And yes i bet many will do some extra shopping when btc goes to 14k.

I am ready for 10k, but I will be buying at 14k.

I really appreciate this chart and it surely makes some sense. However, the Price might not be able to break below $10,000 just because the number of buy orders at that price is insane.
Maybe we can make a wick below $10k but a 1H candle closing is not possible. Let's see what happens, no one can predict it though.

I think 10k is probably as close as predicting the bottom as we could get, during the previous bull run we went from 19k to 3k, a crash of roughly 85% from the all time high, and a crash from 69k to 10k is a crash of roughly 85% as well.

So it is a price that is not outside of what it is possible, but I would not expect the price to remain there for too long as every single smart investor will soon realize the significance of that price and they will use a great deal of the money they will have available at the time and buy all the bitcoin they can.

Personally I wouldn't consider $10K within the context of a 85% retracement, or equivalent to any other price in the past decade, because in fact it's just $200 above the 10 Year MA. I don't think long-term investors would be buying it because it's 85% from ATH, they'd be buying it because out of 12 years of price history, a 10 Year MA would be about as good a discount as it get's (as long as you don't end up with a decade long bear market). Even $12K is an 8-year average price, while $16K is a 6-year average. I think these are the sort of references which will become more relevant from % from ATH personally.

You missed 1 zero there Op as I don't think we are going to hit 10k but 100k, that is for sure since the end for this bear market is near. Many are ready to see bitcoin at higher levels because they already bought during this crypto winter and by that, they don't want to see more drops. It is also boring already although there might be a few percent that will be scared thinking that bitcoin is really coming to an end. 

Why will you sell at 15k when you bought at 24.7k? I think you will only suffer a loss with that however I think many others are doing that strategy but for me, I rather use a different type of money and not the money that I will get when I sell at a loss.

after seeing 70k i am waiting it in 1-2 year but not exactly 10k, 12k is enough for me with this price and volume it will be a great entry point

The reality is difficult if the price of Bitcoin returns to $ 10K, and people will agree that the 4 -year trend will be repeated again, many say that the current Bitcoin price is easily controlled, and this is what makes us must always be vigilant, but if the price of $ 10k occurs Then I will buy more and save for the long term.

It is  unlikely that it will happen, but it does not mean it is impossible to happen. In my prediction, bitcoin will drop below 17k, but not immediately. It will probably take 1 to 2 months for my target price to reach 15k. If bitcoin gets to 15k, I'll buy a bunch.

When Bitcoin drops to $10,000, there will be extreme panic, and it's a one-of-a-kind opportunity for those who are patient enough to wait until it drops.

Anything can happen, even though the bitcoin price is rising more than 7% in 4 hours but the price can drop in a short time and has dropped more than 10% within 5 hours, if later the bitcoin price is $10k then I have prepared money to buy and then save in paper wallet, it doesn't matter how long it takes to go up but I'm optimistic the market will rise again.

There will always be some sort of people who will think that bitcoin will go to zero, or in this case 10k. Sure it "could" technically speaking, but that doesn't mean that it will. All you have to do is just get things under control during this market, make it stabilize, and then when the time comes the price will skyrocket like crazy.

People who are impatient and can't wait for it to go up, will end up saying that bitcoin will go down, bitcoin is dying, bitcoin is a scam and many things like that. If you know what bitcoin is all about, you would know that it won't do any of those, but that's fine, you do not have to believe any of this at all.

I expect further from the existing cycle, expectation $8000, two thousand lower than expected, at least.

I had a fiasco when Bitcoin was at $6000 a few years ago, I looked and I didn't do anything about it, the new ATH kept going up to $60k, experience is the teacher of everything, well, if Bitcoin is in the $10k position, I'll hold on tight until a new ATH happens, no matter how many years it will be, i don't want to fail the umpteenth time, i'm ready for a $10k Bitcoin cycle, I'm ready to risk.

I know for certain that the price will go below $10k and there won't ever be an ATH again. We've witnessed the top, and we're on the other side of it forever now.

Although the possibility of a price decline of up to $ 10K could occur, but I believe that bitcoin will continue to increase when the negative issues like now end, so I personally would prefer to hold it even though it takes quite a long time,because I believe if bitcoin has strong fundamentals and it will not be difficult for bitcoin to be able to reach its highest price again.

The volatility is certain, but we all can't pinpoint exactly where the bottom will actually stop. The possibility of a price drop to $10K is possible if we analyze the chart, but still we are only playing between two possibilities - up or down.

If you are sure to be a long term holder then I can probably advise you to buy any dip as I think it is a very good option. But of course you'll be fine if you actually just want to hold it in without wanting to accumulation.

If the price of Bitcoin will possibly goes below $10K, the last bottom price will be $6878 because the historical price of BTC bear shows that the max dump BTC market has experienced is 90% and if it does happen it will be in a flash but I don't see that happen though due to a lot of whales and common people who are waiting for the bottom price.

If you're talking about $68,789.63 to be the last ATH price of BTC when you can forever. You're wrong because we haven't witnessed the last ATH price of BTC.

Now, that's wishful thinking! But the reality is that the price will be back there in a couple of months or so. It always comes back. That's the best part.  ;D

No one can actually predict the absolute bottom, just buy in bit as the price go down, a lots of people are expecting bitcoin at 10k -15k as bottom but no one actually knows where it will bottom at, I won't be surprised to see bitcoin at such price because it seems like this bear season is going to be more brutal than the previous ones, imagine all the way from $60k+ down to 19k+ presently

I think you're right here, smart investors will be averaging in between this range. Some will go all in around $20K, which may or may not work out in the short-term, even in the long-term it'll likely still be considered a good buying price. For example based on the graph you posted, we are at the equivalent of $6K in 2018 or $300 in 2015 based on bear market draw-down, where previously investors began accumulating again.

I personally remember returning profit into the market around $6.5K in 2018. While in the short-term price dropped in half, in the long-term, it was a good average price during that bear market. Because ultimately, no-one really knows if we will definitively go lower from here, and if we don't, there will be many that will wish they had already began accumulating at this level (in order to average in at a higher price if necessary).

Also to note, we are at the April 2013 equivalent lows. While the correction has been significantly longer than back then, arguably it has been as aggressive. I imagine many people back then would have assumed Bitcoin would of dropped to $10-$30 after such a parabolic move, but instead, for whatever reason, it made a low around $65 before continuing up to $1200.

Yes, the bitcoin price will definitely decrease to $10,000 before the end of this year 2022 for people to buy and hold for a bright future to come before they can sell to make a good profits. I believe, the price will change soon for the betterment of the Long term investors who have been waiting for the price to go higher before they can release their coins to make a good profits from the market, which bullish market is about to appear before the end of this year 2022 for people to start rejoicing from the community.

Very few people get to buy at the absolute bottom of the bear market, this is something that most traders need to understand, however buying close to the bottom is indeed very possible which is why people spend a great deal of their time trying to figure out if the bottom is already in or not, however regardless of the answer that we get it is important to remember to always take advantage of any drop in the price of bitcoin which brings it below half of its ATH, since at minimum you will be able to double your investment in just a few years down the line without too much of an effort.

Bitcoin is going to $6k.

I guess I'm not ready. But I didn't make myself ready. I am not looking forward to that price. That seems too low. But with all that's happening right now, I think it could happen. But there's nothing to be ready about. I know very well that it is a possibility and so when that possibility finally happens, I would be accepting it wholeheartedly. In fact, let it come and let the market shake off the doubters and weak hands and let the recovery be made up of strong-willed buyers.

8k$ this is your expectation because you think you missed the previous $6000 position, or you are the results based on your analysis. I would love to know your thoughts.

It would be bad for bitcoin to go back to $10k for those holding it above $20k and many bought it at $50k last year, but great time for those who are holding fiat and waiting for the next bear season, it will be a great opportunity to buy if bitcoin really hits 10k.

I'm ready for everything :P.
What do I mean by that. Before Bitcoin went down near $20,000, I'm already ready for it and bought some. When Bitcoin goes even lower to maybe $15,000, I'm also ready to accumulate more Bitcoin. I'm ready as well if Bitcoin goes even lower down to $10,000. I would be happy to see it happen but chances of it to happen? Right now it's low.

I also believe in that 4-year cycle so I will not be surprised if Bitcoin will go drop near ~85% TBH. Well, it would be a disaster for other investors if Bitcoin goes lower than $17,000 again :D.

While I agree that DCA in a dip is one of the best strategies, it's worth remembering it only works in long-term up trends, as is the case with all DCA in all assets. Below $8.3K for example, the average price of Bitcoin since 2010, this becomes debatable if Bitcoin is still in a long-term uptrend, as DCA effectively fails in the short-term. This is why there will be others who will wait for a confirmation of a low, or least a high probability that a low has been reached, as if worse case scenario Bitcoin goes much lower than most people expect is possible, they will be in a position to BTC at much lower prices, at a much later date.

Hence, the only issue with averaging between $10K and $20K, is assuming $10K will be the low. As if it's not, a $15K average won't seem like a great price if a longer-term bear market begins. I'm not even suggesting this is a likelihood right now, but only outlining that it remains a possibility (as it has always been for a decade now), but more so that there will be investors who will remain on the sidelines because they'd much prefer to buy Bitcoin 20% up from the lows, even 50% or 100%, if there is a much better confirmation of a trend reversal - knowing that they could still end up buying below $15K (even if unlikely).

In reality, a multi-decade averaging plan should include buying Bitcoin from $20K to $1, as opposed to limiting the lowest buying price to a level that seems likely for a low.

I doubt that it will reach those levels, what happens is that in the bear market in which we find ourselves and the way the economy is, it is not out of the question, just as it is not surprising to see predictions like that.

I believe the $20k environment is strong support and many of the leveraged have already been liquidated. So I don't rule out the price going down to $15k for example, but I think we would be back to the $20k area soon. When we will go up and get back to $30k for example, I am not sure, but with positive news it could be in a short time.

I don't think it's going to go to that level but nobody knows. You are trying to time the bottom which is close to impossible.

Be careful you don't end up empty handed waiting for the $10k that might never come...

My tip would be to buy every a little bit every X days to DCA the dip.

Majority of the experts do suggest DCA, because we don't know the bottom. Even if the market falls no one can come to conclusion on the bottom price. So DCAing will let the users own the bitcoin at an average price.

When we talk of $10k, it is quite low to think about. But, there is possible chances as the market is predicted to be bearish for a long. In between there is rise in the price and the same helps traders strengthen their cryptocurrency portfolio.

I agree it's not about timing the bottom when investing, quite the opposite. I'm just pointing how attempting to buy into confirmation of a bottom, or DCA into a dip, can both be failed strategies in the long-term. Namely if a decade long uptrend is in fact broken. Call me a pessimistic, but I'm just trying to be a realistic here. No strategy that's based on speculation (DCA included) is entirely reliable, nor the best for that matter.

For example the issue with expanding the buying range that I can see is if Bitcoin breaks it's historically bullish chart, say sub $10K, then this is a case of hindsight. If you've already laddered into the dip between $10K and $20K (based on speculating that this will be the lows) with the majority of available cash flow for example, then it's obviously not possible to retrospectively ladder in further buys at much lower prices.

For example I'll estimate there's a 90% chance $10K isn't significantly broken and 99% that $1K isn't significantly broken. But at the same time, even with a theoretical 10% chance that such a considerable low won't be broken, ie 1 in every 10 times, then it's much more likely it'd be broken if there is a global recession or form of depression that we haven't seen in over a decade. That could be one of those times in 10 years such a low would occur. Likewise, if it's the worst recession in over a century, then I can definitely see how $1K would be broken. At this point, many would finally accept how DCA is speculative.

My point is, trying to buy the bottom, trying to buy confirmation or a bottom, and DCA between particular price points (not the entire range) are all forms of speculation at the end of the day. Some come with more risk, others come with different risk, DCA is arguably one of the lowest risks (as you're buying time not price) - but even speculating on time is speculation none the less.

This is the right attitude to have, after all we do not control how the price of bitcoin moves so the only thing we can do is to adapt to the circumstances, those which think that we may never see that price again could be correct or not, however what are they going to do if they are mistaken about their prediction? Many will not know what to do at that point as it was not part of their plan and this will make them more susceptible to make mistakes.

For the price to return, you need to wait until the bitcoin halving occurs, and this is another 2 years

We sort of "control" the price of bitcoin, not that we do individually, it is not like you or me control it. But people like us, we all control it together as a whole. When there is a news about a 500 million dollar bitcoin purchase, that itself could make it go up maybe 1k itself, probably not even as much.

But, the "news" of it causes a huge ton of people to make moves, plus all the ready ones already there like stop loss, or purchases ,buy orders and so forth, all of that causes it to go up. Hell even the leverages getting liquidated causes it to go down faster, when in fact it wouldn't be going down if they weren't there. So we do control it a bit, not directly like that, but indirectly as a whole.

Am not to ne frank amd I don't think bitcoin may go dip to that extent, mind my words am not saying it can't but may not, it is believed that everyone will fome up with his own conclusions about bitcoin due tonthe current situation at hand which doesn't not make any difference in making bitcoin to or not to be, my own personal conviction about bitcoin is the value and relevance it jas create habe gone beyond any form of doubt about it.

As I remember we were stuck on 10k for so long.  It was a large 5 figure number in peoples brains so had gravity (sentiment) and we orbited it both above and below for seemingly forever.      People consider every price to be equal but I think a rush down to 10k is about as reliable as soggy cardboard for it withstanding any scrutiny by the market.   It can happen but I only really expect it in panic terms when people are running lamp posts they so distracted and forced in actions.
   If we had interest rates way above 5% then I'd believe in it being more of a real move, as I recall last time FED tried to herd the cattle with higher rates it was a false run.  Ultimately raising rates, raises cost of debt and there is trillions owed on really short dates so immediately its throttling the economy which they are also preoccupied with not stalling into a recession or depression which still haunts them from the 1930's  
   Long story short, the FED is always falling towards inflation occurring and they have sworn to allow 2% as perfectly acceptable if thats the case we arent seeing any real hard times for global assets such as BTC.   Deflation is a big fear of central banks, eventually yes we get failure occuring but they are deliberately diluting money for decades now.  Yen and Bank of Japan have been on this yellow brick road since 1990

answering the question ? yeah I am ready mate because I have already kept my Bitcoin on Hold since early february so what I wanted now is to buy more while the value keeps in falling.
and yes 10k? that will be my final wait and if the value goes that low then i will surely buy another set of Bitcoin to keep holding and remain in my folio for the next 3-4 years.

DCA is the key when you do able to buy on higher price but the value do keeps falling then it wont really make you panic since you do have plans on accumulating or trying out to catch on the bottom as low as you could but of course not every speculation would turn out to be true or precise and lots had been saying lately about 10k price.If we do base up on history and technicals then it could really be seen but of course not all cals would  really be happening but we shouldnt really remove the possibilities that it could really happen thats why its always been ideal on have some reserves
on which whenever bitcoins price tends to fall then we do always have the chances and capability on accumulating cheap.So always assume and anticipate possible drops and crashes
but of course you should make yourself prepared too.

the definitive answer is to be very ready to see the bitcoin price of $10 000. even i am not surprised at all by your topic title. So what if the bitcoin price hits a new ATH within the year are you ready? Have you filled your bags when the extreme market happened in the last month. some fud keep coming and we must be able to take advantage of that moment to continue buying and holding in the long term.

maybe the figure of $10 000 is the dream of many people because they want to buy at the lowest price as if they were pro traders. I'm just amazed what Saylor has done so far.

Definitely coming from investors who missed the boat, not necessarily whales, but medium to high investors. It's obvious that they are going to scope a lot of bitcoin when the price hits $6k. But can we reach that low price in this bear market?

It will be like the final capitulation, "bitcoin is dead" narrative. And when that happens, it means that is the best time to buy. There is blood in the street, and we should take advantage of it.

As for the new ATH issue in Bitcoin I think everyone will be ready to face it by enjoying the benefits that come to those who have filled their bags in the last month. But for those who haven't filled their bags in the last month with Bitcoin, then in general they are also very eager to see how other people can benefit from Bitcoin and they can also benefit if they have good altcoin assets.

But if Bitcoin drops to $10,000 within this year, I don't think some people will be ready because they are also recovering the amount of money they have lost at the moment which was also caused by the extreme downturn in the market last month.

I think he was talking about the dumping of the price but the one that you are telling there is about the pumping phase. Btc price is volatile. It goes up and down or vice versa however I don't think we can go back on 10k as to me that was to deep already. We aren't on the same era anymore where btc investors are less and people are less confident but many years have passed already and the investors have increased as well as their confidence.

The more the months we enter, the more the improvement in the price too. Price going back to a lower level is nice so that we can buy but sometimes it is annoying when the bull run doesn't takes place yet but the price is dumping again.

I have often said that do not focus on price, but on its greatness and main purpose.
If you look at it in terms of price, you have to look at its history because if Bitcoin is at a price of $10,000, it will be better prepared to face reality.

https://i.ibb.co/fx8LKJR/Historical-BTC-Imgur.jpg

It is also inevitable that many people today judge Bitcoin by its price not because of its usefulness.

Couldn't agree more. Fortunately many if not most are "expecting" around $12K now, which would be the equivalent % correction as 2014 and 2018 bear markets. But obviously this doesn't have to happen either, as 2021 bull market wasn't the type of bubble that was seen in 2013 and 2017, with instead a rounding top (or double top) as opposed to a blow-off top.  While dropping to $12K would be the equivalent of dropping to $3K as what happened in 2018, falling to $6K would be more like $1.5K back then. Which at the time many were anticipating as well, and it simply didn't happen.

This correction has also been considerably different than 2014/2018, price has already corrected 75% and reached oversold levels as well as the 200 Week MA within 6 months, as opposed to taking nearer 12 months. It's additionally already down 70%+ from April 2021 high 15 months ago. There are many different aspects of this correction compared to previous bear markets that's for sure.

I think the possibility that bitcoin will reach $ 10K is very large and the signs pointing to it are already visible, especially if we look at the past, it is clear that bitcoin will always repeat itself. you are right if up to $ 10K, bitcoin is very feasible for daily trading, because the value is not large and the movement is actually faster, you will always be able to find luck in day trading.

That becomes your skill in daily trading, when bitcoin goes down and then goes up again then that's a small opportunity to take because bitcoin's movement is now like that by going down to $19k and then rising again to $20k even though it's small that you get as long as you can be consistent with profit taken.
If bitcoin reaches $10k there will be lots of people ready to buy more, but is that all going to happen? There are those who expect to go down there are also those who expect to continue to rise, so there will be a lot of impact if it is true that bitcoin goes to $10k.

global situation is good for market. global supply chain has been broke ,oil and gas shortage .if FED officially announce the recession stock & crypto market can go down . so i think 10k is possible but it may take few days.

There are signs or similarities in other words from the past but I think there is no guarantee. It was like before when people claims that the price will now rise but they are all wrong with that because the price goes down again later that day. Nothing is clear in here mate.

10k or not, the price doesn't stop showing up and down movements so, therefore, you can always ride it or do trading and expect to earn something but when the price drops to 10k then it is for sure the best buying moment. People can just hodl it a bit and then sell it immediately once the price returns at this level we are at now. That should gave them a nice return already.

always ready on this mate, I have saved funds to buy more in this level but it looks like the market is showing stronger now.
and seems like it will not drop that low nowadays, though there is a chance in some time before the year ends yet we knew that we cannot tell what to come.
hope that market will end up much better that what we experience in the last couple of months since the pump happens last year.

In my general point of view I still do think we should go to $10000 per Bitcoin in order for me to have full confidence on the market that we've bottomed out and I will go all in at that time regardless if we still get more downwards pressure Shows I'm ready to see such moves towards $10000, One very thing to take note is that as much as we are currently in the Bear market we should also note that we will be getting some relief rally on the process and still go downwards futher after that, So it is very possible to get to $10k from now till next Halving as it's said that trend is your friend until it is finished and changes direction.

Who or not then if that happens I think we have to be really prepared for the fact that bitcoin is under $10,000, in fact a lot of people will buy more because they think the price is already the lowest after reaching ATH before it was $69k so I also prepared funds for and buy what I can afford because the opportunity won't happen again, but deep down I still don't want any lesser bad thing to happen.

In this recession a lot of stress is going on in this economy causing a lot of problems in the market space and so much collapsing, but for me bitcoin still has its entity because it's not going to be as bad as anything, it's currently on the rise expect $27k as my target price .

for me this is a great opportunity to continue investing in bitcoin, because bitcoin is already in a low position, if we dare to invest in bitcoin now I think we will get good results in a few years. think the risk in investing is a loss not a gain.
profit is a bonus.

Losses also need to be considered because it is something that is always avoided by everyone, because some people often forget about losses in investment when they start to think about the benefits. Indeed, in general for now it is still very good to buy Bitcoin and save it as an investment in the future because it is a very wise choice and also right at this time because the price is still very affordable.

either if the price is decreasing increasing yet Bitcoin is always a perfect investment tools  here in cryptospace , so never doubt this currency to be the one to use for your crypto investments.
just expect in a years for chance of earning mate, because bitcoin is for more than 10 years now had proven how beneficial if we will stay holding and keeping it to your hands because this is bitcoin .

If Russia Ukraine war don't impact on Economy all over the world, I do not expect Bitcoin downfall $10,000 in any way. If the current bullish trend continues as the market has been behaving positively for the past couple of days, we will soon see Bitcoin level at $27000 or $28000. Many experts believe that btc will stable at $27000.

Don't you think that growth has begun and will continue like last year from July? Do you think bitcoin will pump to $200,000?

$200k? not sure if that is a mistake or if you are talking about the next bull price.

Anyhow, we just had a good rebound, price is going crazy in the last couple of days and hitting $24k and obviously the next would be around $28k max for this month.

But we will have to wait, seems that there are a lot of sellers when we hit that $24k levels. So we might have to wait for $10k if that is the price that majority of us are going to buy huge amount of BTC.