Bitcoin Forum

1. The minimum deep that BTC dived to was 17,500$ do you still think we are going below 13,000$? If yes please explain.
2. Does it matter if you build a crypto portfolio at 15k per BTC or 10k per BTC.
3. In 2020 covid was the reason why BTC crumbled to 3,500$ what will happen in 2023 that will bring the same deep dive to crypto market.
4. Crypto keeps looking stronger every year, it's getting more recognised and big players of the world are saying BTC is a better store of value than the dollar for long term, are they right.

No one knows for sure and predictions won't be right. It's just that for those of us who believe in Bitcoin having the principle as long as you can buy when it's cheap then why not do it today? The ups and downs of the crypto market are always volatile and you cannot predict from one side only. Let's say you sell bitcoin because you hear there will be a deep bearish, but subconsciously people have been waiting for your sale without thinking it will be bearish. Investors always think 10 steps further and in fact, they manage to take profits in the long term. If it only measures to 2023 of course it's not a good choice if you keep it temporarily. Gradually the Bitcoin market will continue to grow. Digitization has spiked since the pandemic and in today's era people have learned a lot that keeping money in Bitcoin has given them the option of complete control despite the bear market has come many times.

Your thread is more about Bitcoin than Altcoins, so it should be in the Bitcoin discussion or speculation board.

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Whilst i don't think that $13k is possible right now, nothing can be ruled out in this Bitcoin network, it is absolutely unpredictable, but $13k or even below wouldn't matter too much to long term investors who are hodling, they would pretty much just accumulate more.
It doesn't. If you are waiting for a desired price to invest, what happens when you never get to see Bitcoin in that price, let's say $10k for example, so you should build your Bitcoin portfolio now or whenever you are ready financially.
Are you certain Covid was the reason? Well nobody can see 2023 from now, so obviously there can't be an answer to this question.
Yes they are prolly right!

As far as the cryptocurrency market is going, we would never know what would happen until we're there ourselves. However, to make an educated guess about it, it's still best to keep an optimistic mind because if you believe in BTC, then it might just spread and people would see that at this price, it's still relatively cheap.

Building a portfolio is essential if you are looking forward to making things better for your future in the long run. I think having that would be beneficial to your money investment-wise.

Just believe what you want and take the appropriate risks.

Altcoins are 95% down from their all time high and BTC is over 75% down as well, its a stupid strategy to keep waiting for more down fall, it's possible that BTC could go below 17,500$ but right now it's not looking like it, smart investors know that we are in a accumulation phase.

1. Take note that bitcoin is very volatile and it's a speculative market, so yes, it's possible no matter how high the bull run has went.

2. What matters is how long you're foreseeing yourself staying. If you've seen $20k-$69k then it's up to you if you think that bitcoin's price will come back there. So, it means that $10k-$15k is a good buy if it comes back there. Otherwise, $20k and up is also a good price to catch up.

3. I looked at the chart of 2020, the lowest was $5k and it wasn't all about covid-19. But look at how high it has ended by that year @ $29k.

As for 2023, we don't know what shall happen then.

4. Them being right is subjective, it'll depend to the person reading and hearing what they say. For me, yes, they're right that bitcoin is a good store of value and it's better to hold btc than fiat/dollar.

For now, the bear market is still haunting the crypto market and seems to have not recovered, because in the cryptocurrency world no one knows which crypto will be the choice and good in the future because it is an unknown mystery. So do your best for your own choice, if you make a choice from someone else you will definitely regret it if you have a loss.

If it is possibility in its broadest sense, ofcourse there is a tendency for its market price to go that low especially if there's something or factors which may pull down its market value such as economic crisis or let's say series prohibition with its usage to many countries. But let us hope, given and as you mentioned that more countries are following adaptation, that this thing would be more in the positive path. With your last question, it is quite situational.Fiat for sure would be a more secure storage but being profitable as a currency would be another kind of story for cryptocurrencies.

OP it looks like you are looking forward to investing, by 2024 when BTC surge high to 90k it won't matter if you buy at 17k or 10k, this is why dollar cost average is good strategy for investing in crypto, you can never tell what the bottom is, everyone are just saying that they believe.

1. If the economic situation worsens, 17,500 will no longer be the minimum, the decline will continue;
2. If you invest in bitcoin for 10 years, you don't, if you invest for 1 year, you do;
2. Why does it suddenly have to happen in 2023? Anything can happen in 2024;
4. In the long run bitcoin certainly retains value better than the dollar, as inflation eats away at the value of fiat at a rapid pace.

War is not probably stopping soon. Things get rougher before they get better. But there's a possibility that next 2 years have been already priced in, and those next 2 years are going to be really bad for bitcoin. If it doesn't get banned in cexes for PoW, it will most likely be taxed near death.

If it doesn't get banned, it will probably stay on these levels as people are too afraid to fomo or sell. Most of the investors are probably slowly taking the risk and dollar averaging their buys while it's under 20k

There is no need for an explanation if someone says that crypto will plummet way below $10k or skyrocket above $80k.  Crypto moves according to its trend aside from saying cryptocurrency market move is unpredictable and crazy.  So anything can happen depending on what the news will come up next.  Everything is uncertain so all prices comes out in our mind is simply a guess, we just wanted to find a justification for it which is not actually available.


It does matter, the cheaper we get BTC, the higher the profit we get when it surges, regardless of the price we sell it, the lower we scoop BTC the higher the profit we get.   This is just a simple subtraction.


2023, I think it is time for the transition so I think the same thing won't happen because they are not on the same frame when we talk about the Bitcoin 4 year cycle.


Definitely, it is obvious, that holding Bitcoin in a long term will give us more benefits than holding USD in that same amount of time.

Right now, none that I can think, of but the market is dynamic what we don't see that is going to happen now is very much different tomorrow or next month, always do your research and keep updated so you'll know what action to follow in every market condition.


Of course, it matters, because when the price spike the percentage of your profit depends on your investment

We cannot accurately predict the economy of the world or its condition next year, you just have to trust what you invest and follow its development it is a case-to-case basis for every coin in your portfolio, the bottom line when investing in Cryptocurrency is always investing what you can afford to lose.

I think this is very different situation though, we don't have the covid-19 or at least the whole have somewhat manage to control it with vaccine. But the biggest noise we have this year is the war in Europe, although there could be signs of it being in a stand still, it has put a dent on every world's economy as there are shortage of fuel oil and then food supply is dwindling. Inflation rate is everywhere, and so we are in a recession similar to 2018.

As for crypto, it's obvious we are in a bear market, BTC hits lowest low of $17,500 but we don't know if we can do lower than that this year. And this crypto winter will continue up to next year 2023, so we better be ready for it and take advantage by continuing to accumulate as much cheap BTC and other crypto as we can.

1. Expect for the worst, Bitcoin might continue to aim for the bottom as long as the world economy is still down, Bitcoin is following the trend a d a price of $13k is possible so stay cautious.
2. Build your portfolio now that is composed of many good coins and good projects, don’f wait for that level because there’s still no assurance that we will hit that kind of bottom.
3. 2023 can be a bullish year because we are already experiencing bear market and usually it didn’t last longer so I’m optimistic that in 2023, the bottom will he above $25k.
4. Store of value probably yes, but because of its volatility I don’t think its ideal to depend on this that much, better to stay in profit always.

The cryptocurrency market is unpredictable.  The opposite always happen when we are so sure about the next trend.  Aside from that, even the most expert in TA is shamed by the cryptocurrency market so saying some figures that may happen in the future is just speculation and personal guesses.  So I think instead of making a problem of what will happen in the future, it is better to take advantage of the current market event and decide on what we think the future of the market will be.  

It is better to act now and buy BTC while it is cheap than stuck on thinking about things to happen when it is clearly unpredictable but one thing is certain, BTC will surge!

IMO, it will not drop further beyond $15k, though Bitcoin now has been struggling to increase the price I believed it will not down too much this year.  As we noticed the adoption has been widely spread and not only that, some countries started legalizing Bitcoin.  So possible there's an increase and this time we're on the correction stage that might possibly will trigger to become pump after this year.

Price doesn't matter at all, if you invested at the $20k price range, never sell under that price, because if the price falls down and you have 1 Bitcoin, it will remain 1 Bitcoin and nothing will be a loss, not unless if you sell at the lowest price from where you purchase.

This isn't true, during that time, Bitcoin wasn't affected by covid-19.
Though we know that Bitcoin price is unpredictable and for sure there's also no infinite growth but I believed new ATH will always come, just wait for it.

Then at least you open your eyes here, it's indeed holding a long term will be the best way to make a profit.

Taking care of your portfolio is very important if you want to make things better for the future, don't think too much about the Bitcoin price drop, the cryptocurrency market is volatile and unpredictable for now, so enjoy a cup of coffee while looking at your portfolio,

no one will ever know what will happen to the future of bitcoin. you said in 2020 when covid hit the bitcoin dump reached the price of $3500 and who would have thought if in 2021 when covid was still attacking in several countries and actually bitcoin pumped up to $60k. everyone did not expect the price of bitcoin to reach 60k and no one could predict all of that because the cryptocurrency market is very volatile and predictions are not necessarily accurate, only estimates.
but investing in bitcoin is quite promising after several years of breaking records the value is always high, not a promise but real evidence

1. I think there's a possibility for this to happen as the war at Ukraine is still going on and we may get another war starting during the next years.
2. It doesn't matter start your portfolio at whatever price you like, but do it.
3. Yes it was, the stock market had a very strong drop and then the market of cryptocurrencies followed because of the panic created by the pandemic and the effects of it which were unknown at the time.
4, Yes, bitcoin is a better store of value than the dollar, but you need to give it enough time to work its magic.

I can't stop thinking about the decline in all altcoin prices in all global markets, even BTC. In 2018, there was a very low decline, even this is likely to repeat that period, I am very worried about this drastic decline, even to predict the market is very difficult to predict. guess the movement of BTC and all altcoins, that's why I'm still reluctant to buy some altcoins, because it discourages me from buying, so I don't suffer a huge loss...

That's right it's better that we stay calm in the face of the current situation,
I think it is necessary to take advantage of the current conditions to buy some potential coins,
don't worry about the falling Bitcoin price even though we don't know when it will go up again

I say this for bitcoin, 1 bitcoin remains 1 BTC. so that anyone who invests or buys bitcoin doesn't have to worry about the price going to dump or pump, the most important thing is to keep buying the coin and hold it until the price really goes up high.
and when the market is like this actually have the opportunity to get faster profits by short-term trading

I honestly do not think that these questions needs answering, it feels like OP wanted to just project their own ideas and that's fine by me, you can do that and it's fine. I do not think it will be 13k, I think we found the bottom, I do not think it matters if you bought at 10k or 15k but if you bought at 10k then you make bigger profit on the long run, and yeah in 2023 we could still have some world economical problems why not, and lastly it's normal for something this good to get bigger, we should be helping that out.

I am not saying that it's the only way but getting a lot more recognition makes it easier for us, so instead of a harder path, let's get it bigger by getting acknowledgement from bigger places.

1. Uncertain because these two possibilities can happen and everyone has a prediction that they believe in. In my opinion, if you look at the current market conditions, bitcoin is still difficult to rise, but if it has strong support. But just in case it's possible to buy at $13k.

2. The bigger the portfolio, the better. $15k is enough, but don't focus on just one coin because there are lots of potential coins out there.

3. I believe, inflation and the global economic crisis are the impact of the bear market we are facing now, 2023 should be a tough year looking at the current economy, what will save it is yet to be ascertained.

4. That's not entirely true. but lucky those who have bought in advance because they bought at the cheapest price. what they say about the long term can be said to be true but the risks are also great.

When it comes to the storing of bitcoins for a long period, it's no doubt that bitcoins are better and they will gonna become stronger in the years to come as do the other top altcoins that are continuing to develop their projects. We might not gonna see it right now because nowadays as we can clearly see, the volatility and the bearish market are causing the problem of why we are not yet moving up. In other words, once we are finished in this scenario, it will be more clearly that the cryptospace will not be the same anymore and it will be recognized and accepted all around the world.

Possible, the bear market is going to spill up to next year and so we will be tested for sure and that $17,500 might not hold and we will see another lows.

Of course, the cheaper you get BTC the better.

That's why I believed that we might see a record setting lower lows next year.

We have government recognizing it already, and many could follow what El Salvador did. And it's the question on what will be next for us, where is the money coming from. That is the question that I also asked myself before, specially when I read S2F model prediction to $100k. And although we didn't reach that price, government and other big institutional entities is the answer. It could be the same next bull run and maybe another surprised source.

No one knows exactly what cryptocurrency will look like in future days.  But many can make some guess just by doing an analysis of previous trading chart. But I don't think bitcoin can go down to 13 thousand.  I think that 17500$ was the last dip fot Bitcoin and maybe it won't go down any further. So because everything is possible with cryptocurrency.  So looking forward to see the rest.  As Bitcoin price is unstable now, I am not yet deciding to invest in Bitcoin.

I don't know whether the inflation that occurs at this time really affects the decline in the price of Bitcoin or not,
But certainly this is all inseparable from the bear market,
for now it is necessary to be patient to wait for the bullish market

I think the reason that makes a lot of sense with today's conditions is at number 3, where the price of digital currencies is dimming and the prices of many altcoins are starting to weaken due to covid 19, so many people are abandoning their trades. but I think it will improve again and digital currency prices will return to normal as usual

It's unpredictable whether it could go below $13k or not. It's hard to determine if it's going into that direction or not. We are at $19k mark right now by the time I write this message and it's not moving that fast between $18.5k - $19.5k for today, but we don't know for the next day though. It's all still speculation.

If you are going for long-term investment and going to DCA route, then it doesn't matter about the price at when you invest. It will sum up in the future and will be ended up in profit.

If such thing ever happened again, then the chance of price crash is high. Otherwise, it's hard for the price dropped down for no reason.

That's a good advice, because cryptocurrency have branches and sub branches, so investing in any of them, you most ensure that crypto project you are about to venture at, have a good record and potential before you can as well purchase any cryptocurrency both for long term investment and short term investment. I believe that because i know that no investment of cryptocurrency can be regrettable when you make your research very well before venturing into it.

We will still have to wait for it to retest $17,500 once again before expecting it to crash further to $13,000. Isn't it supposed to be one step at a time?

No, it really doesn't matter to the best of my perspicacity. After all, there are going to be investors who get off at the same point some others are getting in.

By 2020 Bitcoin was already soaring again. The situation you described was in 2019. As for what will happen in 2023, I ain't sure anyone can say for certainty what it will be.

Doing good research will certainly help choose what coins are good to invest in according to the investment strategy that will be applied such as long-term or short-term. But what you definitely have to choose is Bitcoin and Ethereum, these two coins don't need to be researched, you just need to determine when is the right time to enter and invest for the long term. for some other altcoins certainly require more in-depth research on the potential for the future.

You can't predict the market. It's better to invest in projects with real utility and business usecases rather than trying to swing trade, like XRP and ICP. Even better if they can be staked or yield farmed.

The greater the capital invested, the greater the profit obtained, but not everyone can do that. If there is a minimal amount and the amount is too large then there is not much opportunity for small investors to multiply their portfolio.
Actually this is an advantage for beginners, because with a small amount they can still learn in this cryptocurrency. Besides being able to minimize the risk, they are also mentally trained from the smallest number.
Basically it is something that we will always encounter, with a large number the greater the profit, but don't forget the risk, because it is worth it.

Newbies want to start their journey by investing all their capital not understanding they are not ready for it, it is better to start slow and learn about the markets and get some experience with how extreme the volatility and the losses can be in this market, then and only then they could begin to use all their capital, but we know this is not the route they decide to take as they use all their capital from the start and they obtain awful results as a result of this single mistake.

For beginners they do need to continuously improve their knowledge and skills,
it's better to focus on that because after all as traders we must be aware that crypto market conditions will continue to move,
Hopefully the previous mistakes can be used as lessons for the future not to repeat the same mistakes

Actually, it is natural for newbies to experience several losses when they invest in crypto. Because investing in crypto has a very high risk,
where movements in the market are very volatile, it is difficult to predict crypto movements. But as you said, as long as the newbie doesn't
give up every time he experiences a loss, and always learns from the mistakes he has made. Then slowly newbies will understand more about
how the crypto world works and finally be able to make the right decisions. Indeed, the process of becoming a successful investor in the crypto
world cannot be obtained instantly, it takes patience to go through the process, sometimes we have to go through a long enough process until
we really understand what a good investment in the crypto world should be. So never stop learning to improve our knowledge and analytical skills,
because that's what ultimately helps us to be able to generate big profits in the crypto world.

13,000$ is very deep, well, none will predict exactly how much Bitcoin will drop again. But, so far, Bitcoin only could hit around $17k and then rise up again, It seems several parties may not want Bitcoin will be under $17k. Or, is this is not the time yet?
But, I personally will not expect to hit $13. The deepest price that I want is around $15k, but once more, none will really know the future.

Why don't utilize the DCA? With DCA, we will optimize our investing strategy and tactic, so we can get any rate that we want with the amount. And this will give more advantages if something happen or not running as we expect.

1. I think we’re going lower, maybe $12,000 to $15,000. Reasons are the global financial situation. We will be in a deep recession, people can’t even afford to eat or pay bills so investing is low down in peoples priority. Some people may be forced to sell bitcoin to live. Bitcoin still follows mainstream markets reactions unfortunately, when stocks dump we dump.

2. It doesn’t matter if you buy bitcoin at $10,000 or $25,000. You won’t care when it’s over $200,000 this decade.

3. As mentioned above, the global financial mess we are in + COVID repercussions + war in Ukraine.

4. Bitcoin will be worth more than $1,000,000 in our lifetime. That’s all you need to know.

Currently, the condition of altcoins cannot be said to have improved because there are still many altcoins that have not been able to get out of the lower price zone and can only survive until the situation changes for the better. This is because the price of bitcoin is still at a lower level and has not shown any signs of increasing so we still have to be patient while looking for opportunities to buy more.

And indeed, altcoin prices are mostly still dependent on bitcoin so altcoins still have to wait some more.

Today's cryptocurrencies are dropping again and it looks like the end of the year we are just at home because we don't have money for vacation, last year I was able to take a 5 day vacation because I got profit from the sale of some skyrocketing altcoins including Shiba, but until now I lost more than 60% of assets compared to early 2022.

Things will look more bad by 2023 and it's possible to see a new low too, if you have some money right now it's better to buy bit by bit because we still can't confirm that the bottom will be, this is just my own point of view as the war between Russia and Ukraine is getting more serious.

Perhaps reasoning is part of the process to pump and dump the crypto market. However, if we look further, crypto prices are pumped every two years. Likewise with dumps, perhaps the issue being developed is about covid so that the global economy is in an unstable state. Of course the current dump is also associated with the global economy due to the wars between Russia and Ukraine.
Of course the current deteriorating Bitcoin price makes most investors lose money. But on the other hand this is an opportunity for investment. For those of us who have known Bitcoin for years, of course they will understand the conditions of the crypto market. The market will be back at the pump though not anytime soon.

we obviously don't know about the future, but maybe predictions of more wars in 2023 will also happen,
because if you look at the war between russia and ukraine it makes other countries also follow it, for example China and Taiwan,
so we have to be careful Be careful next year, maybe the price of Bitcoin will be difficult to reach new ath, or maybe Bitcoin will dump even worse.
Make sure we have a plan if that happens, thinking realistically will keep you alive

I agree with what @lobo13hf said because bitcoin is currently still moving up slowly while altcoins are also moving to follow bitcoin. And in time, bitcoin will break through the high price and there is a possibility of creating new ATH again in the future. So we must remain optimistic that bitcoin can increase again. Meanwhile, if we want to buy altcoins, make sure that the altcoins we buy are altcoins that can provide profits later.

1. There were people that were saying the price will go above $25,000 soon and then there were people saying that the price will go below $18,000 soon. Both groups had their reasons. And now there are people that are saying that price will go below $15,000 and then there are people saying the price will skyrocket soon. In this case, both groups have their own reasons. What I am trying to say is that the market can never be predicted accurately. So no one actually knows if the price is going to go below $13,000 or not.

2. Doesn't matter. Invest what you can afford to lose no matter what the price of the coin is. Just keep holding and never sell when you are at loss.

3. You are asking what is going to  happen in the future. I am sure you know no one knows that. Did anyone tell you about the pandemic before 2020?

4. Yes, they are right. Look at the charts. The price has always gone up in the long run.

I saw nothing happened with the market instead of bitcoin is pumping and then down again after that. I think that you didn't see the market correctly. You can try again to see what happeend with the market, bitcoin ios dumping. everything is still at the bottom.
I think that as people said if even this time altcoins are sitll pegged with bitcoin. It cna't leave from the domination from bitcoin.

Today the market is red again, and it makes me worried that the 4 year trend will repeat itself again, of course it is a negative trend because until now many of my assets have dropped more than 5% since the beginning of the month.

Unfortunately most newbies do not care at all about the markets, they are interested in what they can get out of the markets but not on the markets themselves, and this is key, those which have actually being interested in how the markets work will have the tendency to study for a longer amount of time and be way more conservative on their approach, while those which only care about the money they can make will take greater risks with their capital, and with this in mind it is not difficult to see which one of those two groups has a higher chance of succeeding in this market.