Bitcoin Forum

Hey all,
Bitcoin price is very volatile and bellow are the historical crashed prices:

In 2012, Bitcoin price crashed to under$30.
In 2015, Bitcoin price crashed to near $300.
In 2018, Bitcoin price crashed to near $3000.
In 2021, Bitcoin price crashed to near $30000.
In 2024, Bitcoin price will crash to near $XXXXXX. You speculate this number !

Don't care what others say about Bitcoin!
Just buy as much Bitcoin as possible and whenever you can, especially when the price is down/crashed and HOLD as long as you can.
My plan is to sell some of my bitcoins in 2024 and keep most of them till 2030.

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

https://i.imgur.com/j1AlhiT.jpg

Cheers,

Well it's pretty obvious that throughout bitcoin's existence in the last 10 years, we have seen crashes and then recovery and bounce back and reach new all time high.

That's why we have this term called HODL, you just have to be mentally prepared in this crash and then sold off when the price reaches it's peak to make lots of money. It's easier said that done, but those who have the patience to be a holder have been very successful and enjoying a good life from their bitcoin profits.

Based on your post, the next one would be $300000? How much is that going to be the all-time-high to reach that kind of low? Lol. Anyway, it's nice to think about it like that. Imagine reaching $1M per BTC in the next three years, and we all be rich AF. I hope we all get to that point in some way.

We did that in 2017 too... Not sure about the other crashes but we crashed back down to the new major support at least twice after breaking it ~$3000, there's then that to add to any speculation - is this just being consolidated as support?

We’ve been in a 12+ year bull market, they’re all just corrections on the way to the moon. HODL & ye shall be rewarded ;)

The first recorded price for one Bitcoin was less than $0.01, some sites out it at $0.0008. If we put that figure into context;

• Bitcoin multiplied about 6 million times to get to the current all time high,
• From this current level to $300,000 would be a ×8, which seems pretty small and very probable, considering the price history of bitcoin.
• And from that point to a million dollars per coin is only about ×3.33

Adding up links for some detailed information about those crashes then these links would be good to read up.
https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp
https://finance.yahoo.com/news/7-biggest-bitcoin-crashes-history-180038282.html

---

Crash is part of a market neither a manipulative one or totally that the market had really dumped because supporters or demand or taking profit takes place.
but look at on where we now? You can really say that this is something that really worth to invest on.

Where did you get these numbers?

In 2012 it never was over $16 and went down under $4.

In 2015 it went down well under $200.

That projected value already happened, so to give further inputs for 2024 just for predictions I would love to see $60k to $70k this 2024. On that state it wouldn't be too far from reality as everybody had spoken about specific price figures that's always capable to exist in the market history.

Despite the bullishness recently, I still think that we're potentially headed further down before an uptrend.

The fundamentals are obviously here but timing wise, this doesn't seem to be matching up with a bull period. We are still quite some time away from the next halving event, which will be in 2024 and the ultimate driver for the bull market.

I suspect that we'll see prices correct down to $20-30k and consolidate there for a bit after this current rally, before launching the next bullish move.

Exactly, but definitely there are crashes along the way, but in the end, we all see what the prices could be in the next 10 years or so.

2024 price speculation? That is still like 3 years from now, but are the OP not enjoying the current bullish trend that we have so far for this year. Still a long way to go, but I will say that we could reach 6 digits that time,  ;D.

In 2021, we are still having around 5 months again, you can't say crash to $30,000 was the lowest. It was even dropped to $29,500 then bounced back again after/before B talk by Elon, Ark and Jack.

Why we need to calculate and speculate what's lowest in this or future? Just f*cking HOLD and keep buying when market DIP/CRASH

Amen to that.  ;)
Let's go back in this thread 3 years later with our Lambo.  ;D If these different variants of viruses will not kill us yet and see Bitcoin on that track. OP presented historical facts and it's a good way to stay optimistic.
We see FUD every day and I think it won't stop until 2024 so I  guess having a little positive vibe will be a great help to keep others holding their bitcoins.

Some values may not be completely correct, I put "under" and "near" next to the numbers.


I say it crashed to "near $30000", that means the actual price may be under 30k, say 28k or even 25k+ range.

Bitcoin price falling? I don't think so, because we can see how the price of bitcoin continues to increase from 2015 ($30) to 2020 bitcoin can reach the price ($65K), even though bitcoin is currently in a negative trend but we can't speculate if the bitcoin price doesn't will rise again, if we look at the history of bitcoin prices so far which every year continues to set new price records, of course this makes us very sure that in 2024 bitcoin will again reach its peak price, besides that in 2024 the bitcoin halving day will occur and of course it will push the price of bitcoin later to a higher price, I really believe if the price of bitcoin in 2024 will reach $ 200K.

If we followed your given number then it should be $300000 number.  Lets hope for the best that you can update it after 2025 and you can add $300k in 2024. And made another line where you may mention for 2027 price speculation. And if we can reach this number then we will made $3M for 2027. What you think? And if this things happen then this topic will be the magical topic in bitcoin forum history. And we hope so this topic fulfill our wish. If this things happen after 2024 then i will come and wish for bitcoin price $100M. If this things truely happen then what you will wish in this thread?  ;D :D :D

$300,000? then that will make the possibility that the peak might be from $500k-$1M?  8)
Well, the logic of the numbers is encouraging even if it's not the actual prices that one can comprehend. But it only tells us that the next crash is going to be higher than the last crash in pricing.

It's really interesting to see this. It's really like a pattern that we have witnessed so far. In 2024, the dip may be $300k according to this pattern.  ;D  But we don't even know whether the price will manage to go over that level by then. I always say that there is no pattern about Bitcoin. But as I continue to see this kind of things, even I started to think of the possibility.

The history always tend to repeat itself, and now we're going see another possible things going to come back all over again. Unlike the old days we've been so worried what will happen next, that's why we seen weak handed traders panicked when btc and other alts taking it's downturn.
Not that again, today's era of 2021 changes the pattern because our market stabilized so much and it's momentum begun to break every resistance that a bear market tried to pull down. History of crashes was not optimized, through we experienced minor breakthrough yet we still manage to hold without ranting for any potential huge dumps.

2017 definitely pulled back a ton even while rising overall.   It was the lows not the highs that indicated something special was building, to cling onto the highs will be a rocky ride as it will always sell off and sometimes in a harsh way.
That would be a proper investment time frame, thats only about 8 clear years worth which is long term hold but not abnormal investment wise.   People who say invest but need to sell in months to pay off some bill are speculating on leverage and the market taxes these people with its volatility so they do miss the bigger gains in the flush out or pullback sells.   BTC does rise very strongly sometimes but it pulls back so often that has to be accounted for as quite normal and to be expected, if we didnt pullback it would make BTC weaker and volume would be lower I think.

Considering my aim is to retire with crypto investments I make (which could be a day, or a century who knows?) I really applaud anyone who is doing the same, waiting until 2030 is a great idea. I personally want to have enough money to retire so that I do my current job a lot easier, I still like doing it because it is both a job and a hobby for me, it allows me to actually do what I like to do in my spare time but also earn money from it.

However that doesn't mean that I do not want a lot of money neither, have a lot of money in your bank account (or in this case crypto wallet) and still keep working if you want to, if you hate your job then everyone would love to retire and never work. It is basically just a key for you to open the doors to freedom, what you will do with that freedom depends on you and what is your desire after you gain it.

I don't think its accurate since 2021 isn't over yet. However in 2020, bitcoin did crash to almost $3K. I think the low was like $4K on Coinbase but $3.5K on some futures and derivative exchanges.

However you need to realise that it can't go up forever, sure it can have a low of $30,000 however most likely even in 5 years or so, I don't think it having a low of $300,000 is sustainable. Maybe it might peak one of these years somewhere in the 6 figures however with the amount of people holding bitcoin, I don't think its possible to trade sideways in the $500,000-$1,000,000 price for a long time. Going to be too much sell pressure.

Many people already know about crypto now. So say some old adopter want to sell 1 BTC, currently its $45000. Usually retail will buy maybe 5-10% of that. So 10-20 new retail people will pay for 1 BTC that someone is selling.

However if price is $450,000, then it means for 1 person holding 1 BTC and wanting to sell, there would need to be 100-200 new retail people who are going to absorb all that selling pressure. I don't think its sustainable.

So you are saying we had our market top of this cycle at 64k and this right now is a death cat bounce and we soon head back to 20-30k until 2025 for the next run? So if this run was a "massive" 3x from last ATH to only 64k, the run in 2025 could be up to 70-80k? Because each run we have a lower X factor?

for now or this year the value of 1 btc at a price of $ 45,000 looks very large because we measure the price of $ 1 with the current currency value. in 2024 the value of 1 btc for $ 45,000 is very low, because the value of the currency is falling every day or in other terms inflation occurs in a country. so for 1 btc for $450,000 based on my prediction it's reasonable and not crazy.

I do hope that it's going to be the case because I really want to hodl as much bitcoin up until my designated price shows up which is really high and it's a good thing because I can easily hodl without giving in to the temptations that are part of hodling. I plan to buy more but I don't have enough money to make some decent profit in the future.

Negative people only see the crashes but positive people see the opportunity to make money while investing when the price crashes and be patient until the next phase of bull run begins. In the next cycle people will be speculating that price of BTC crashed below 100K so never ever invest on it. ::)

You can make bitcoin purchases according to your finances and increase your balance on trading and deposit money for long term bitcoin investment. After the review you have a good way of trading with self-control against the volatility of the cryptocurrency market.

Bitcoin price is down again but it is still 13k above the bottom of this year's crashed price. I don't think the BTC price will go any further down bellow 42k in Sept. We will see the market is green and rise up to a new ATH in October.

I like the optimistic attitude you have so far with bitcoin. We have seen the price of bitcoin have fallen and bounced back every period of time, buying and holding each correction is a good strategy to invest in. I believe that $40K is a support level that is still strong enough to hold the bitcoin price correction until the end of september. However I am not so sure we will enjoy new ATH sometime in October given that not many new institutional investors are announcing that they are willing to invest in bitcoin. There is still hope that we will see ATH will occur at the end of this year or early next year, this is because we need a process to arrive at ATH. Currently bitcoin needs to break the $52 resistance and then $64K to hit a new ATH. Never thought it could be achieved in 1 month from now starting at $42K although there is always a possibility.