Bitcoin Forum

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

Your guess is as good as mine... And everybody who tells you otherwise is either lying or overconfident. Sure, you can look at a lot of factors and make a prediction, but even the best predictions are still predictions.

No one knows if the price of bitcoin is going to fall further or not, but if you hold, the price will later rise and reach all-time-time. Even if bitcoin price fall further, likely it is not going to fall below $17500, if it continues to fall further, it would only slightly fall further. If you are able to hold till 2024/2025, people will fomo after 2024 halving and all-time-time is possible.

maybe, maybe not. nobody really knows. anyway, what you need to know about bitcoin's price is it is volatile. you can see a lot of changes in its price on a daily basis. I suggest to you that you familiarize yourself with it if you don't want to keep worrying about the constant price changes of bitcoin.

With such rise or fall of Bitcoin, you should ask yourself a question like "Why are you in Bitcoin market?"

Please think of it, many times. Because it decides how you will react in the market and make your decisions.

Please read two topics

• Is Bitcoin bottom there yet? Fear & Greed, Pi Cycle Top / Bottom (https://bitcointalk.org/index.php?topic=5406719.0)
• Bitcoin Hash Ribbons Buy Signal 19/08 (https://bitcointalk.org/index.php?topic=5410574.0)

Likely Bitcoin is finding its bottom but it seems the bottom has not there yet. It can be a deeper range but is it important if you have chance to buy Bitcoin around $20k and 4 years or 8 years later, you will be able to sell it above $100k - not mention higher price.

News flash: Bitcoin, or any other decent asset investment isn't going to continuously go up forever, and especially not in a straight line.

I understand your frustration as you might be one of the people that hold BTC or are in a bullish position on the spots/futures trading. Any which one it is, it's good to be a speculator to avoid this feeling. However, I don't think it's proper to emphatically say Bitcoin will rise or fall at this moment, but it has a long-term bearish trend. This does not still mean it won't buy but I will regard it's buying as a correction of a broader bearish trend until it breaches above 25214.61 (August high) and 26337.38 (A weekly chart trendline resistance).

You might want to regularly visit https://bitcointalk.org/index.php?topic=5410763.msg60799289#msg60799289 for updates on what Bitcoin might do.

you should do some research before buying bitcoin, there's a lot in this forum where you can get information about price analysis and speculation, although sometimes it's not useful at all
i don't think bitcoin will go to $10k and the price of $20k is already cheap, my advice is to make it a long term investment and come back again in the next few years you will see a fantastic bitcoin price increase, hold on and don't panic

Who wouldn't disappointed when you see your portfolio going down? However, you should understand that the market is volatile and unstable because there are factors that affect the price movement. And obviously the news like this; https://www.nextgov.com/emerging-tech/2022/08/crypto-minings-energy-consumption-draws-additional-concern-lawmakers/376028/.

As far as you second question, no one has the crystal ball and we don't know what the future holds. So I will just suggest that you should invest what you can afford to lose so that you won't get nervous and panic every time the price goes down because for sure you will see them a lot if you chooses to stay in bitcoin market.

How the fuck would I know the answer to that question?


I will flip a coin heads it goes up tails it goes down.

Damn it landed on its edge so I guess we go sideways.

That's what you call price movement, bitcoin is not going on a parabolic rise, and I don't see even in traditional market, an asset that will go on a continue rise. That's the first thing that you should learn in bitcoin price movement.


As per TA, we are still in the bearish state, meaning chances are, the price will likely to suffer a downtrend. I suggest you go around this board though, there are a lot of members you share their views on the price movement with their analysis. It is not 100% accurate, but their wisdom and the knowledge their share is priceless and you will learn a lot from them.

The first thing is that why you are worried? You bought Bitcoins and want to sell them but can’t do it now as the price is low?
Then my friend let me tell you that this is just a bear market, once the bear market gets over, BTC price will skyrocket and no one can touch it.
I am so confident of Bitcoins as Bitcoins are limited in supply and the market cap is really big. So definitely the price will go up. Just wait and have patience.

Maybe yes maybe no, there's no exact answer.

People who have Bitcoin will say Bitcoin will going to the moon since there's already so many mass adoption and the limited supply will make Bitcoin scarce.
People who doesn't have Bitcoin will say Bitcoin will dump below $10K since the previous bottom is at $3K, they do this in order to make the market panic and they can buy every dip.

So, which one do you believe in?

No one can give a definite answer because the market is not easy to predict, the ups and downs of the bitcoin price occur due to many factors. And only you yourself will find the answer and try to do your research and find the best information to calm you down a bit.
before you get involved do you understand and study well especially that the price of bitcoin is very volatile which means the price can change significantly from time to time, and bitcoin will be fine for the long term and take advantage of the downturn to buy it, and hold it.

In fact, the price even exceeded $25 000, but it seems that I and some others were right when we assumed that we will not stay that high for long - because Bitcoin is still only a means of profit for some, preferably a short-term one. People who bought under $20 000 are quite happy that they sold at a price above $25 000, so there's really no reason to be confused, because that's how the market works.

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The OP is more focused on some other cryptocurrencies that obviously take up too much of his time (https://ninjastic.space/user/Rockstar3), and that's why some things about Bitcoin seem strange to him - although it is clear to most that in a bear market one should not expect any spectacular things when it comes to the price.

This is funny if you say you are disappointed with bitcoin. Bitcoin doesn't know you or has a human attribute that you will use the word disappointed. It is a cryptocurrency that is either used as investment and store of value depending on the aspect you intend for it to be used.



And today too the price of bitcoin has traded lowest today by the time of this post at $20,854 and highest at $21,612. It is traded from different exchanges and p2p so the interaction of supply and demand or buy and sell results to volatility affecting the price.

Where have you been for the past few months. We peaked at $69k and had a low of $17K. You are complaining about a small pullback. Crypto is very risky. You can’t buy it with money you can’t lose. There is a chance it can even dip further.

Too many people are investing in crypto because they think they will get rich but that ship has sailed. You won’t get rich investing in Bitcoin anymore like people in 2009-2014. You might make 3x and that’s it.

Let me ask you. Are you disappointed with bitcoin because you bought it recently? Because against the background of $69k, the current price of $21k would seem like a disaster to you. The difference of $3k ($24k-21k) is not so significant against this background. If you don't learn to keep your emotions under control, then I assure you, even greater disappointments await in front of you. It is likely that the bitcoin price may fall even lower over the next 2-3 years, because this happens during a bearish trend. There is nothing unusual about this and it has been repeatedly repeated in previous cycles. You will get used to it if you can keep btc in your hands until this cycle is completed.

You must be new here.... I think you will be wishing you bought more within 6 months...  ;)

I will admit that in the beginning it was really confusing, but hey, the good thing is that bitcoin investment is not like a sprint, it's a marathon so you have a lot of learnings to do in this market. And I will say that if you have experience a full cycle (bearish and bullish cycle), you will slowly start to understand why the market needs to go down like what we are experiencing. For the reasons, maybe you can search around this community or go to some crypto related websites. But let me remind you that you need to filter every information that you are going to read because some of them might not be true though.

It was really confusing for a beginner who have missed the chance to check the price chart many years ago. Because if you see it, price fluctuations can be obviously seen and this is why the crypto market has been called a high-risk investment due to uncontrolled market trends. Volatility is hard to deal with for newcomers but if you can adapt to the situation, that was not bothering you why this is happening.

If you can see the price of Bitcoin at $21k today, never expect it will stay that line by tomorrow, changes will come next.

What would you do if the bitcoin price dropped further? Would you sell your bitcoins and exit the market at a loss? I don't think it would be recommended because if you can be more patient by holding the bitcoins you have and waiting for the price to go up again, you will get the opportunity to sell bitcoins at a higher price than now. We can only predict where bitcoin will move but don't know if bitcoin will indeed move as we predict. It all depends on your decisions in the face of turmoil in the market.

The price of bitcoin is very volatile by nature and we can't really predict it with an almost perfect exact score. You must understand that the price of bitcoin has two directions, it can be high and it can be low following the market trend. You can convince yourself to hold on to the correction if you really believe that in the long term the price will go higher. Support can always be expected, but you don't need to be confused about why the price keeps correcting from time to time because that is normal.

If we can expect it to go up, then we can also expect it to fall deeper. But if you don't panic then take a chance on every drop you see to buy more. That strategy has benefited many people, not only me but also others. Do it at your own risk.

while we are still holding on to the support price, because $20k in my opinion is a strong support,
it is evident that the past few days have fallen from $24k to $21k and bitcoin is still holding above $20k,
of course this is a good sign, because the bears are still not overly strong.

don't be confused about bitcoin volatility, because this is a natural thing, if you get into cryptocurrency trading,
of course you have to learn the importance of technicals, both analysis and fundamentals.because bitcoin is very wild,
what you have seen is the proof, yesterday at $24k then the next day the price of bitcoin to $21k that's the specialty of bitcoin  ;D

Yes, when the portfolio shrinks significantly, it can be quite unpleasant. In the crypto market, such fluctuations are normal, and you should get used to them if you want to survive. Bitcoin has always been labeled as a risky investment because of its short-term volatility, but in the long-term bitcoin will not let you down.

Bitcoin drops from 24k to 21k in a day and may even drop below 20k, who knows? but as long as you hold tight, once the bulls appear, bitcoin can reach $70k-100k. Bitcoin only rewards those with a long-term vision.

After Bitcoin's rise to the price of $24k many people hoped Bitcoin would continue to rise. But the fact is that Bitcoin has suddenly dropped to $21k,
and there is still a possibility that Bitcoin will drop even lower. But if Bitcoin falls even lower, no one will know the lowest Bitcoin price. That is why
investing in Bitcoin is high risk, because Bitcoin price movements are very difficult to predict.

So instead of our time is spent thinking how far the price of Bitcoin will fall and eventually make us put off buying Bitcoin. We'd better learn from
the history of Bitcoin's movement that Bitcoin can always recover how deep its price fell. So there is no need to worry if the price of Bitcoin does not
move according to our expectations, which is certain as long as we believe in the future of Bitcoin, and holding Bitcoin until the price goes up again,
we can make big profits from Bitcoin. My advice is not to wait for Bitcoin to hit its lowest price to buy Bitcoin and not to be confused by Bitcoin's
downward movement. We just need to focus on collecting as much Bitcoin as possible and holding it until the Bitcoin price reaches the target we want,
if we really want to make a big profit from Bitcoin.

Newbies are the ones who are asking these kind of question the most and I understand because maybe it's your first time to see this kind of movement from the market. :)

However, we don't know what will be the future movement of Bitcoin or at least nothing knows with 100% accuracy. We can say that it might fall further but the opposite happen and vice versa. You are disappointed maybe because you are at a loss right now. Just be patient and stay calm. A $3000 price drop of Bitcoin is nothing compare to it's recent drop from $69,000 all the way to $18,000. I've seen numerous drops of more than $3000 already but I stayed calm an see it as an opportunity to buy more.

Just an advice If you have spare money, try to accumulate more Bitcoin. If you believe that Bitcoin will go up in the future, accumulate more. If you trust Bitcoin then accumulate more. Remove panic and impatience and focus on accumulating.

No one knows for sure thus what we can do is to wait. If you invest in crypto, it takes a lot of patience because you cant expect the market to move the way you wanted it to be.

Many investors here already used to this kind of movement hence they're not asking a similar questions.

So learn to wait and be positive to refrain yourself committing wrong decision because of your worries.

Why are you worried, bitcoin has dumped from $70k to $17k and you're still here with us. So why are you disappointed when bitcoin goes from $24k to $21k. Is that a serious drop?

Investing in bitcoin you should be patient, and not in a hurry that will lead to wrong decisions. Bitcoin may fall further but will also rise again, bitcoin price prediction is useless, as it is very volatile. You should collect bitcoin every time it drops more instead of being disappointed, when the price of bitcoin goes up you will be more and more frustrated because you didn't buy cheap bitcoin.

it is 68k mate and bitcoin never crossed that 70k , Not yet  lol.

but the sentiment is the same , why being upset when bitcoin had climbed so much high and fall so much low recently and more worst than what he was pointing.

unless he can take the perfect timing when the price is in increasing position and he managed to buy that time ,then he will get His bonus shortly .

Don't ask presuming that we also know. That might only disappoint you more. If others would say no it doesn't fall further from here anymore, and the price fell further, you will get disappointed. If others say yes the price would fall further from here, and the price didn't fall but rise instead, you would also get disappointed for getting the wrong prediction.

So I would just say that expect nothing too much. Be open to all the possibilities. The price could actually fall further but it is also a possibility that it would instead recover. Just hodl and think of the long term.

Bitcoin is more than 10 years old, sharp price fluctuations are common, 2017 when the bitcoin price hit $19k then dropped below $3500 made me think that bitcoin has no hope and future anymore, but it only took about 3 years to skyrocket reach over $69k or over 20x.

you should not be disappointed of bitcoin. Anyone who is disappointed on bitcoin does not know the basic meaning of bitcoin. Remember bitcoin is a decentralized currency which means no body control the rising and falling price of it. Therefore, it is very much possible for bitcoin to come down drastically. That is why anyone that deal with bitcoin must wear the thick skin to avoid disappointment and confusion. Yes when bitcoin climb to $24k I was also thinking that it would go up and the bear market has ended but ironically it comes down again. So with that I have to suspend most my expensive at the moment. The price of bitcoin is unpredictable, nobody sees the future of bitcoin but everyone can only give or drop a guest work. And the guest work is falling people. Me, I was even predicting that bitcoin will not come down below 24k but today I can not predict again, because if I do I might got the same result.

You are disappointed because you do not know how the price of Bitcoin is always volatile even when the bullish trend Bitcoin price is still possible to go down, it is impossible to expect the price to continue to rise accordingly because the market determines it. Many reviews about it and every time the price goes up there will be a review that the price will go down soon and vice versa.

that's why whales confuse us, because the more we get confused by the very volatile price of bitcoin,
the more it will trap us, even in bear markets I'm sure there are a lot of cut loses and Fud scattered around,
that's why whales want to buy cheap!, so don't confused and keep holding the Bitcoin you have

First time? I reckon you should just let it go if you're not shorting, but if you are then I don't see any reason why you should be confused or disappointed, rather you should take advantage of differences in prices like this to profit. Price dropping down isn't an impossibility, you as well as us don' really have foresight so we don't really know what exactly is going to happen in the future. I honestly want you to just experience maybe this season without expecting much so that you can realize that this kind of changes is rather normal in the market.

Why are you disappointed when bitcoin prices drop? I think it's a good thing because you will be able to collect bitcoin at a substantial discount when bitcoin prices drop. When the price of bitcoin increases but you don't have bitcoin in hand, how can you be happy so now take advantage of buying more bitcoin for yourself? Bitcoin decreases or increases that is the cycle of bitcoin, the stronger the decrease, the stronger it increases, so you don't need to worry too much about bitcoin but worry about your pocket.

Comparing the drop between ATH to ATL vs the drop between $24k to $21k or around 20% is a very long stretch. It's more about the market looking grim and investors' trust slowly dries out. It might hurt the potential chance of BTC rising again. Sure BTC will rise again but how much if it has dropped at a low price for too long? Do you expect someone who bought BTC at 20k won't sell and keep on holding when it hit, say 30k? His worry and disappointment are not unfounded.

You are disappointed with the market trend of Bitcoin because you don't understand how it works. Bitcoin price operated in a 4years cycle and we're currently in the market winter season which is also the best entry time and I will advise you to make use of the market dump in price advantage and hold till the next halving market ^{( which will happen in 2024)} instead of you beating yourself on something you can never change.

Yes, the price of Bitcoin will likely dump in the future market and I expect BTC to achieve its bottom price during Q4.

When it comes to bitcoin you need to always be prepared for extreme movements, now sometimes the movements can be upwards and as such investors get really happy about them, but the movements can also be downward and as such they can bring great losses especially if you are trading with leverage, so what can we do about it? Nothing, the market moves independently of our desires, so you either learn how to deal with those movements or you get out of this market until the next bull run comes.

Bitcoin is so much volatile so expect that it’s price will always move up or down. And since we are still in a bear market condition, the price of bitcoin will definite fall further, but somehow it managed to rise up again after every fall, so there’s no need to worry for that. Bitcoin aims to settle at a higher value, so if it’s price falls, it will be temporarily. However, if you aim to hold bitcoin, the more reason that you should not be bothered easily by price drops as you will only sell them once the value will be profitable too.

If it wasnt volatile in the first place then we wont really be seeing much support that we can see as of this moment which does means that people do really get interested into its increasing value rather than

into its actual utility but well we know that we could really benefit on both ways or paths which means that there's no way that there's other coins into this market could beat it up and its been on #1 spot

ever since into it existence which does simply imply that huge support is really backing it out.If it wasnt that volatile then we cant really make money or profits with it which it
is really just that a common sense.

Just like any other investments, bitcoin price is also affected too whenever there are negative news and trends that will hit the crypto market, the reason why bitcoin suddenly falls but it also recover its value after some time. But with high patience and good determination in hodling bitcoin, bitcoin price drops will never be relevant at all as they won’t be happening the whole duration in the market.

I can not dispute the fact that bitcoin can be affected by news, but news is not what that determines the price bitcoin is presently, checking bitcoin halving, bitcoin all-time-high in each halving and also the lowest price in each halving to know what I am talking about. News can cause bitcoin price to fall, but it would later be corrected. Bitcoin has massive bull and bear periods, like 4 yeair cycle.

Only newbies get butthurt because the price drops by 10-15% in a week.
Hardcore traders don't get overwhelmed by the price volatility and the hardcore HODLers simply buy and HODL without paying attention to any short term ups or downs. The market is what it is. It's pointless to get disappointed, just because the price went down for a while.
Your question is dumb because nobody has the paranormal skill of predicting the future. ;D The price will fall or rise multiple times. Nobody knows when and how much.

never disappoint in something that you don't fully understand because look on how you commented here? just because price dumped 3k you are already having these thoughts but what about from the ATH to 17k? isn't a bigger issue that you must feel disappointed .
and also ? bitcoin will always recover and that is something you must put on mind and if you don't feel comfortable then this is your problem and you dont deserve to be here.

A 10% change in the cryptocurrency market is a common thing. It happens very often and even more than once a day. As for further drops - of course the price can fall even lower. It all depends on you, if you have iron nerves, then you can be calm and not pay attention to such fluctuations. Some time will pass and you will be able to sell your coins at a much higher price.

These newbies always panic when they see that the price has dropped.
They don’t understand the chronology that, when the price falls down, it gives up a vast opportunity to buy it in cheaper price.
Instead of panicking about the price, and frowning on whether to sell or not. It’s better to take time and observe the market.
Soon again in few weeks the price will come back to normal. If possible OP don’t get confused and think patiently.
If you also have some extra money then take advantage of it, and buy the coins in this low price.

Maybe I can say for you, if you look at the current crypto market, don't expect to invest or hope Bitcoin can go lower, some experts in speculating on Bitcoin say.
"Bitcoin is currently not worth investing in, a good move for current Bitcoin users to trade, given the unstable crypto market, today you see the price of Bitcoin $20k tomorrow you can see $25k, something like this can happen until the end of 2022".

That's the hope that can be done, so as not to become a burden and a headache to see the current market.

Not many people understand why it is a good thing, that is why they are always wondering what's wrong and so forth. Just make sure that you know the real deal and do not worry about people making these type of mistakes. They are worried when bitcoin price goes down but the reality is that the price going down is a good thing, you know this and I know this and that's why we are happy when it goes down.

I hope to god that it will stay like this or even go down a lot more before the month ends, so that I could buy a lot more when the time comes, this doesn't mean that we would be making right away, but it would give us a chance to make more money later on.

We do not know if when is the exact time he entered. Maybe this is only his first time and he entered when the price is at 24k and for him, it's a big drop already when the price drops by 3k. While we that are not new here and we witness the ath and then the beginning of the bear, we are still not discourage but we keep on buying btc despite of what happened with its price.

Some will distance their selves but many will choose to embrace this dip because they also see the opportunity. There are some will sell immediately after a small increase but I think majority will continue hodling till we get a new ath so therefore the potential of btc to rise is always there.

I'd see the lack of your experience and market exposure make you think about it and even have doubts. Therefore, I suggest you make more digging in order to find out what happens in the past and for you to see how Bitcoin is going. if you can see the fluctuation of prices, up and down of the trend, then you can say it was normal and most of all, we have nothing to worried about.

from $0 to the current price, not even wondering - it was absolutely growing.

Beginning of? Btc price do always work like this (up and down, down and up) it is really confusing and no one knows what can happen next. Maybe the op is only a newbie in here, and he didn't know this thing yet but as soon as he stays here for a while, he will only get used to it and he will say that the up and down movement in the price was a good thing and not really a disadvantage because that can allow him to trade btc and make a profit.

It only becomes a pain if you are a long term investor. It's annoying that the more you wait, the price won't easily reach on your desired price due to several factors which can affect the price of btc but if you have a patience, the price can soon get there.

the market is still bearish don't expect to be able to rise above $25k even at $30k,
I don't think it's time for bitcoin to go up, but it's time to go down deeper,
especially now that the price is below $20k, of course it's very easy to go down to $17k

^ Only a weak hand will usually be called a loser.
There is nothing to lose if you still hold and own BTC, 1 BTC will remain 1BTC if you will not sell during the bear market. The market has been known that it is very volatile and it could be the price is up and down. So possibly it is unpredictable and no one knows what will happen in the market price, especially BTC. It is very simple logic, don't sell if the price is under the price where you bought it, just set a profit when you will cut your profit and it could be a long-term holding.

I think you have never analyzed the history of bitcoin prices so far...

changes that occur in the price of bitcoin occur because of buying and selling activities that occur in the market, today you may see the price of bitcoin at $21k but tomorrow you may see the price of bitcoin at $40k or more, so the price of bitcoin will never be stable. one thing you should know is never to worry too much about the bitcoin price.

It is possible since Bitcoin price movement is greatly affected by news and sentiment.  Right now the sentiment is bearish, Powells speech is also not helping with the Bitcoin market, instead it fuels the market for bear trend break out.  Then comes the liquidation of  Mt.Gox hacked-BTC which can cause rumors.  There isn't a good news today to at least change the sentiment of the market.  So it is possible that we can see another lower lows in the next weeks meaning Bitcoin might price might go lower.

IMO the market isn't bearish at this point. It's in a state of pause between moves. People are not dumpindg bitcoin, but they aren't buying it either. The problem is that bitcoin is constantly being mined and that new coins land on the market because miners cannot pay their bills with them. They have to sell to get fiat currency which creates a constant sell pressure. Bitcoin has to be bullish to not fall while other assets can be neutral and do the same

Bitcoin price will never settle into a fixed value, it’s price will always fall further because of the fact that it’s highly volatile. However, you should not worry about this OP because bitcoin will never stay in a low value the whole time, it has its own right timing to recover and skyrocket again. But if you keep being bothered every time the price drops, I guess you should study more about the concepts of bitcoin so you will understand its market price moves.

Entering The Market and Studying The Bitcoin Travel Chart Is Very Important.
You will find answers to that question.
We want to know, the extent to which you understand bitcoin's trip, then what is the reason you take an investment in bitcoin. Remember, don't be too disappointed when you enter the market, maybe time and moment is not right for you now, so bitcoin hasn't shown a positive reaction for you

Bitcoin is trading below $20k and the total crypto market cap is breaking below support. There's no need to abandon ship. For a while, just tether it. As macroeconomic events become more significant, the entire investing market becomes more dependent on them. Keep up with the news and take action as necessary. It is not a solution to be afraid, but it is a solution to stay focused. It's only a correction, don't be confused. It never be so easy to handle Bitcoin.

Yes, the Bitcoin market will never recompense for fixed value due to the market nature but that doesn't mean its price will always dump further because we're in crypto market winter and for the record, the dump will happen later some pump in price to compliment the market and to strengthen the market next trend.
As you can see this is what happen now.

For newcomers, this price movement seems slow and disappointing for them.
But if they have seen btc when it was $17k before or even at lower price level, they may understand that this market needs patience.
If you don't have such patience, you can always look for other investment options. Maybe, more tangible like real-estate assets.
These new crypto users will indeed be confused with the price, but later on, understand it better, if they will not give up yet.
You won't understand this market if you will not educate yourself with its history and how we got to this point.

OP please do not be disappointed by the current price of the bear market of bitcoin, because you were told that bitcoin price is not stable though even as for that everyone wants it to be higher but there are some group of people still want it to be lower so there can buy. So, at anytime of the market, it is a favourable to someone. Yes last month was high but that was not guarantee it for soaring higher. Like yesterday been 28 of August, 2022, it was 19k while today by 4:pm in the local time and when I checked it was 20k that is, the price is rising and falling. And as I said, it is good at all time for people. Bitcoin can be handle well by those who really understand it. Like the OP is disappointed probably because he does not understand the movement of bitcoin. on your own by now you suppose to know that the bear market has not ended. Let see from October 2022. By then the price might go up a little bit again. Although nobody knows what is going to happen but we hope to rise again.

I do agree that going to stable is a good idea, I however prefer BUSD over tether for sure, much safer company to trust. However, I also go into bitcoin right now as well, I do not care about the support, I do not care about anything like that, I just care about what we have right now and that's good enough for me, no need to rush into anything else. Just focus on what you have and you are going to be doing fine.

Bitcoin and having many of it would make you a rich person in the long term, anyone who fears the current 20k and below, or the below support levels, would not be happy to see bitcoin going up, whereas buyers like me will be pretty happy about it.

I'm also disappointed, but that is a consequence of the global economical scenario, more specifically the american one. I see crypto assets aren't interesting for investors right now, because they find it better to invest in US earning high interest rates, with low investment risk (low volatility). Thinking rationally, it really seems more profitable on short run to invest like they are doing. Why would they risk themselves in bitcoin's volatile market, while they can make decent profit safely with fiat?

Although on long run the scheme proposed by Federal Reserve isn't sustainable. In fact, they operate a kind of ponzi scheme which relies on a constant flux of new printed money to survive, consequently devaluing dollar currency and decreasing purchasing power of the citizens.

Once their economical model starts failing, cryptocurrency and more precisely bitcoin enters in scene again. So if you are a long term investor, don't frustrate yourself, be patient and confident this phase is going to end at some point and we will see bitcoin pumping again.

The answer is a huge Yes.
It kinda disappointing but you gotta have to look at the positive side and take it as an advantage. Some people predicts the bottom to be around $10k. That's worse than you thought right?
We can't expect great things this year as the global economy continues to struggle. It might not directly affect the crypto market but sure it can be felt as more people are running out of extra funds to allocate in for their investments.

If you are into a long-term investment with Bitcoin, these price changes won't concern you.  Only short-term traders are affected by this BTC price movement.  And indeed there is a possibility that Bitcoin will fall below $20k  rumors about the mega dump to happen when the Mt. Gox BTC is released are getting stronger.  This will create fear, uncertainty, and doubt about the recovery of the Bitcoin price.  So others will probably short their trades and make a position to buy cheaper BTC.  And these shorting will also contribute to the BTC price fall.

Forget the price for your attitude to BTC success, price is more a reflection of dollar and general market conditions, popularity, hype and sometimes just nonsense.   The correct gauge for BTC is things like liquidity in transactions and population growth, generally price will rise the more users we have as more people will retain at least a small balance of BTC.  I believe in the smallest holders far more then the idea of whale buyers who can sell just as easily.

price will keep on falling or it will increase ,that is what crypto currency market is all about but what we need to understand and accept is  that bitcoin in the long run will always grow , the value is keeping in pumping in 4 years time as we have seen this  for how many times from the 12 years bitcoin existence .
I will rather confused if the price maintain the price forever than the value of hyping and dumping.

You have been here in forum since November 2021 meaning you are not new to this market , so how stupid your disappointment was? back when you created this account the price of Bitcoin is raging from 50-65 thousand dollars and in January drops to 40k but you have never disappointed yet this week just because bitcoin fell down 3 thousand dollars this is your sentiment?


wondering whats behind your post and what have you been doing in the past  8 months of market?


if you happen not visiting the market those months then you have no right to feel this way because you are not an active crypto user or investor.

let him be frustrated because he seems to be not learning from His assignment and until now His attitude is  looking for easy return of His investments.

Just shut up your mouth and Buy , don't hesitate to purchase more when the market is showing this movement because those act mostly delivers big gain after days or weeks ., or if not better then at least you will earn in long term as bitcoin is the perfect tools in this area.
stop feeling sorry mate ,there are so much chances in earning in the coming time.
this is the problem , people keep asking why the price fall when they are not completely buying.

So if there is a decrease and an increase in the price of bitcoin, it is normal and we do not need to panic to see it but try to find opportunities to benefit from the decline and increase. But it looks like the downward trend will still occur and even though there will be an increase, I feel that the increase has not been able to trigger the price to increase higher. So we have to be more patient, not rush to make decisions and don't panic. Thus, we can take advantage of every moment to our advantage.

A lot of people have been disappointed in the price of Bitcoin these days, but that's only natural because the market doesn't always go up. There are times when the chart goes down and there is a time when the Bitcoin price chart increases upwards.
Stay relaxed enjoying the market situation like this. I don't think Bitcoin will go down any further. The lowest price for Bitcoin if it continues to decline is around $17.5k - $20k.

Now it's 20k right? And after somedays it will be $25k and then again it will come down to $20k or below.

The crypto market relies on the news(s). If there is any good news, the price of Bitcoin starts to rise, and when there is bad news, it starts falling. So dont get disappointed it is normal when this crypto winter will end you hear good news(s) from everywhere and the price will continue to rise along with that.

Yes, it is possible, that the price of bitcoin could drop to $18k - 17k in the coming few weeks.
But that does not mean that bitcoin is going to be zero. It will recover again and probably in the next few years it'll break its previous (69k) high. If you want to invest with a long-term view then take advantage of these price drops and accumulate as many bitcoins as you can.

As bitcoin price becomes very uncertain to predict, then we can’t tell exactly as to how its price moves from time to time. There are times the price moves up and skyrocket, and there are times too that its price drops and fall further, but all of these are just normal for bitcoin. However, if there are events that triggers bitcoin, then let’s expect that its  price will be affected and will eventually drop further.

Sometimes i embrace people who stipulate the price of Bitcoin via prediction in one particular value, but we all know that Bitcoin price fluctuating or going up and down is basically for the concernment of it's correction. Since nobody hold the regulations of cryptocurrencies price, theirs is every tendency that the price can recover without the time of expectations of low investors, but i want us to understand that Bitcoin price can be increased anytime without having a bias intension of continuous degradation in value.

I guess seeing chances for bitcoin price to drop further is never a big deal anymore as we know in the first place that bitcoin price fluctuates from time to time. So expect that its price will fall further only if there are attacks that triggers bitcoin. However, if you are into long term hodling, then you should be more patient and flexible because bitcoin price won’t never give a fixed value no matter what.

If we consider the current market condition, then not only bitcoin but the rest of the crypto coins will likely to fall further particularly if there are negative news that will hit and affect the crypto market. However, when the bear market is over, the opposite case will happen too. We can see bitcoin price surges high, and then followed by established altcoins in the market.

yes, there is still a possibility that the price of bitcoin will fall again to a lower point.
if the bitcoin price hits $19k the next point of support is likely to be around $17k. converting assets to USDT or holding bitcoins is up to you most importantly you have to prepare yourself for something worse as crypto market conditions are hard to predict.

If there's one thing you can rely on when it comes to the price of Bitcoin, it is that it will continue to be volatile.  That means it will both be higher and lower than it is today.  Traders use this volatility to make money.  It will likely be a long time before cryptocurrencies see stability, as it is attempting to be a new asset class.  It's not for the faint of heart.

He just wants to know if it's likely Bitcoin will drop any further? then the answer that can be answered is the range of $17.5k - $20k the furthest price if the decline continues and the price as I guessed is not a certainty.
It all takes time to expect change and Bitcoin will not decrease in value when the price continues to decline.
Everyone does not dare to guarantee the price of Bitcoin will reach what price because the market is indeed very difficult to predict and the best thing that needs to be done is to know how to strategy so as not to suffer losses if conditions are like today. The suitable trades in my opinion are long-term and I dare not say long-term strategies are suitable for Altcoins.

Nobody really knows the future of bitcoin, but you can do some analysis and get good reasons why you should buy or sell it even when you see it hit a high price. Someone who is able to analyze will be able to take advantage of price volatility to make a profit, but not infrequently the analysis can also fail due to the influence of supply and demand.

If you are capable enough to do the analysis, then I don't think it is difficult for you to profit in the market. But what is certain is that it is difficult to maintain consistency of profits in trading because price fluctuations have the potential to occur at any time.

Maybe you mean long term investment rather than long term trading. Long term investment is recommended for those who do not like to monitor price movements all the time and also for those who prioritize long term profits over short term. Long-term investors can minimize the possibility of panic that occurs when the market trend turns bearish which makes them more likely to take losses by selling. Since they have long-term targets, they can minimize their losses. However bitcoin is an asset that has the potential to increase in the long term, so long term investment is the best choice for them.

It might be.

But do not be confused or disappointed. Things like this are basic in the bitcoin market and for the other cryptocurrencies too. We get to see that it goes down and that's volatility that moves the market up and down.

There's no permanent in the market if you just want it to stay at a certain price. Because time will move it and it's uncertain whether it will be that up or down for the next days that we'll see.

Just bear in your mind that we don't know what shall happen next. Bitcoin could be really down within the next few days or it will go up. That's how it goes for real.

As long as we study crypto properly from a trusted source, we will understand how the crypto market works. So we can better understand
the current situation with Bitcoin and be more patient in dealing with the current bear market. It should be like you said we don't need to be
confused by the volatile movement of Bitcoin, and see the movement of Bitcoin suddenly decline. Try to study how the history of Bitcoin movement,
we will find the fact that it is normal for the price of Bitcoin to move up and down. Moreover, Bitcoin moves because of supply and demand,
that's what makes Bitcoin movements difficult to predict and makes us never accurate in analyzing. That's why don't listen too much to other
people's predictions, which are not necessarily accurate. My advice is don't doubt the future of Bitcoin and just hold the Bitcoin we have until
the bull market comes, or if we have extra money can buy more Bitcoin. Because it is proven that Bitcoin is very profitable for long-term investments.

That is probably the only prediction that we can make which we can be sure it's going to be true for a very long time when it comes to the bitcoin market, and since this is the case people really need to learn to get used to this, and if they are unable to do this then they should begin to search for other assets in which invest.

However as you state this doesn't have to be a disadvantage, traders use that volatility to their advantage all the time, and the way to do this is by learning to use the tools we have at our disposal so we can trade successfully, however this is not easy and the majority of those which try this path lose their money.

Bitcoin is a unique thing, what we think is impossible but can easily happen, when the price of Bitcoin is more than $ 60K and even reaches ATH at the price of $ 69k I think that it will not drop it again below $ 30k, even many people continue to recommend buying, unfortunately Bad things happen and of course become an important lesson for us.

but it always takes time mate , we cannot just take this to happen in short time instead mostly it took years before the impossible to happen.
Just believe in Bitcoin and everything will be on the right track to favor us all.
the more you hold is the higher chance to earn and profit.

Don't ever think Bitcoin as something that always increases its price. It is future of financial markets. Its blockchain technology itself. Its alternative to fiat currencies. Its deflationary currency so wealth protection is awesome. Bitcoin created whole new fintech businesses all around the world etc. If you plan to use Bitcoin buy and HODL it passionately. You will never regret your decision. I never regretted what my Bitcoin invesdtment gave to me in life.

This is one of the common mistakes of the people. They think btc is a get rich quick scheme that once they invest their investment will only grew infinitely. They forget the fact that btc is a volatile coin which value can go down. It is in fact easy to get rich if they know how to utilize the down moments of btc.

Btc is said to be the future of money and not in financial markets because when you say financial markets I think that is more in investing. I think forex is still going to be the leading when it comes to that matter. Btc is not a blockchain but it is living under the blockchain. The rest that you said is true though and I totally agree on that.

In a way it is quite surprising that this is a common mistake when Satoshi himself never made statements like that, the people that believe that bitcoin is a get rich quick scheme have deceived themselves in order to have that belief, and while it is true there are a few lucky ones that can invest in bitcoin just at the right moment and earn a lot of money very quickly we must remember that they are the exception rather than the rule, and the majority of those which have earned a lot of money out of their bitcoin investments are the ones that have held their coins for a long period of time.

Well for me I am ready for a big loss but am still suspect that we will reach new all time historic highs at some point but you have to be patient.
My best projections point to a huge rally and price recovery for early 2023 or later on in that year. Just HODL and you will be fine.

This phenomenon happens every 4 years, everyone knows it, now is not a good time to buy Bitcoin, some value you save, will make you bright in the future.

You need to be patient in the current market conditions.

Don't be so disappointed it's a natural things in trading. We have had to face all these bearish seasons before. Bitcoin is now under 20k  it's position from the below of 70% of ATH .  But there is some signal that bitcoin can be create some resistance of 18k-20k So I think bitcoin price decline will not be able to hold for long time maybe we will see green signal after few time.

if people know bitcoin from 2017 or earlier they certainly won't be surprised by this because in late 2017 until 2018 the bitcoin price also experienced an extreme price drop like it is today, even recovering and reaching the new ATH took years. The bottom line is that eventually everyone will get used to the highly volatile nature of bitcoin.

Of course, that's why I still don't feel panicked and swayed by what other people are trying to say about bad things for Bitcoin. Because I have seen price drops very often like now including price drops in the 2018 period after an increase in 2017 which in the end Bitcoin could also increase again from 2019 to last year. So be patient with these downside conditions if one wants to get a win holding Bitcoin.

That's why people need knowledge before entering the market, not just relying on the running hype, bitcoin has shown a long journey process, where there is a correction and pumping stage that always happens, the process will continue to happen going forward, so there's no need to panic for that problem, so that the bitcoin investment made will find the next ATH, so stay calm and don't panic, wait until the next quarter goes well

Yeah , the essence of Bitcoin being created had already change from currency Online to asset Online , now  people are more tend to Keep them hold than using in transaction in which lowering the chance of increasing or valuing the coins.

If only people will understand its use? I think adoption had already happened worldwide.

Money is all that matter here, if you have something to risk then enter and learn from your mistakes.

Bitcoin until now is very fluctuating, prices like roller coaster are used by many people to find profits, as long as they have capital strength, it is easy to make $ 1 million to $ 3 million in a month or even less, but I suggest to continue learning and know more about the concept of bitcoin So it doesn't make us confused.

Learning from Mistakes is the best way not to repeat the same mistakes.
But we also need to know, that investment directly is related to the risks we will receive.
That's why I say, panic is not so important in investing in bitcoin, because something can change very Quickly or increase in a short time.
For Example Correction and Pumping, Both Can Occur So Fast and Vice Versa.
Because we cannot avoid panic, so the chance of loss is quite close

When entering the bull market last year, many people thought that investing in bitcoin could easily make them rich because at that time almost all bitcoin investors could make big profits in a short time, but as entering 2022 things changed rapidly bitcoin experienced a decline in price from $60k to the current $19k level and many investors are complaining about losses as bitcoin has lost 90% more than its high price.
Although it is possible that the current decline will continue, do not just watch because this is an opportunity for us to buy the decline at a discount.

Perhaps, it was the promising thought that most people had considered themselves to be a part of this growing investment. i was been thinking the same as well during my early days but in a few years of staying here, I hereby realized that not all things went so smoothly, not all the time the market high or even low. It keeps moving like a roller coaster and those who can adapt to the situation will stay long or even forever but for those who can't, being confused and leaving is probably on their mind.

That is why I suggest OP to stay for a while so he can see how the market works in an unpredictable direction.

I think what you are saying of making 1m to 3m dollars a month or less is not possible because that was too huge already and I think even the pro traders themselves still can't make that huge amount in a short period of time.

If only you can say 1 year or more then that was more possible. For investing, it may take more time since our main goal to profit is to wait for the value of btc to pump really huge. Bitcoin is said to go to 1m usd in 2025 but there is still no assurance yet if this is really possible or not. Indeed that the more you learn the less confused you are going to be because you will likely predict if where will the price head.

I have read somewhere on the news paper  that some trader who has thousands of Bitcoin earned more than 15 million dollar by shorting and crashing the Bitcoin price and later buying at way lower price getting back what he sold and cointinue to hold BTC with additional profit in hand.  That maybe sounds easy but it is hard to do since it has huge risk.  If the market does not panic during those BTC huge sell, he might end up having the amount from selling the huge BTC and won't reenter the market again unless buying in higher pricess which can be taken as a failed trade.

Bitcoin price high volatility indeed open new windows for new traders and we should take advantage of the price crashes to buy at least a bit and hodl for future gain.  @OP it is a normal move of the Bitcoin market, you will get used to it if you stay a little longer.

Maybe he wanted Money right now thats why he felt this way , Imagine he had been in this forum since last year so he is not really a newbie so why having this thought when in 2021 he had seen so much dumping till 2nd quarter of this year?
crypto mostly is a waiting game, if you cannot wait then you are mostly losing .

Money is very important in carrying out investment, but knowledge is far more important. If it is not the same as placing money, in the wrong place, risk is the part issued by investment. Howver, this does not mean that the risk cannot be minimized as small as possible, because this is related to knowledge, how to enter the market and hold coins. Therefore, it is important to choose potential coins before entering the market.
Thus the risk produced will have adjustments, with the money you invested.

When you're hodling Btc and the price falls, I don't consider it as a loss. As we all know, Bitcoin is most probably going to bounce back stronger every after a huge dip or a prolonged bearish run.
Btc is currently trading at $18k, this will be a good opportunity to buy more. Or if one can't afford to buy more because of fear that Bitcoin might not be able to recover, at least they should be patient and don't try to sell to cover further losses.

Money or capital is important in investing but how to invest is also the main thing to consider because method is knowledge gained from experience.
Experience will be a valuable lesson in minimizing risk if you understand how to manage it. SWOT analysis is a special emphasis and for me it is also part of the way so that it will produce maximum results.

Even though the price of Bitcoin fell very deep, but we still hold the Bitcoin we have and don't sell it at a low price, indeed we can not
be said to lose. That's why we should never doubt the future of Bitcoin, because the history of Bitcoin movement has shown that no matter
how deep the Bitcoin price goes down, it can always recover and go higher. So that's why Bitcoin is so good for long term investment,
because sometimes we have to wait long enough to see the Bitcoin price recover and the price can reach new ATH.

So don't ever think investing in Bitcoin can give us instant profits, because of the fact that we can only make a profit when holding Bitcoin long
enough. So seeing the Bitcoin price drop lower again, it's not the end of everything. I understand the estimation of our assets decreasing in value
when the Bitcoin price drops, but as long as we don't sell the Bitcoin, we don't lose anything at all.  It would be better like you said we can focus
on buying more Bitcoin if the price goes down like now. So when finally the Bitcoin price recovers and goes up high, we can make a big profit
from Bitcoin. So we must learn to understand Bitcoin first before investing in Bitcoin, so at least we are not confused by the volatile movement of
Bitcoin and know what to do when the Bitcoin price falls.

Without ignoring what you say, that the method of knowledge can be improved, when someone knows the impact of the investment carrried out.
I mean, when someone starts thinking that investment is a method of seeing opportunities, risk, losses and inappropriacate returns, this should be the focal point to be changed and improving, so that knowledge becomes more important before investment.

While experience is a method when we have been in the investment system. For me this cannot be learned, when someone has never entered the system, instead of seeing a close source of people's media and experiences, it will not show the original nature of investment.

However, if you see an opportunity to enter the technology of Bitcoin itself or any other cryptocurrency at a very early stage of development. This could mean that there will be a lot of interesting developments taking place in the future (Bitcoin technology may even have an impact on all industries. Although it is impossible to predict exactly what will happen in the future for Bitcoin, I think BTC is a very safe investment and has its own impact and influence. will continue to grow in the years to come.

For BTC Never Hesitate.

Why a former company sales can become a billionaire, because during work daily activities are to meet consumers to convince them that the products brought have good quality and others. To convince consumers to be willing to buy is not an easy thing, but because it has become a habit and is willing to think about which makes him fail, he already understands what he will do when he starts his business.
In investing like that too. It all depends on the way a person in dominating the market.

It Already Talks About Marketing Strategies, When Someone Starts Offering Products to Be Marked. By Convincing, that the product carried really has advantages in terms of quality and quantity.
But in investment we do not offer, but rather to see the potential, before making a purchase of the coins that we want to invest, with various consideruses or history of the coin trip, the relationship of investment with business does have closeness, but differentiated patterns and almost the same way.