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Author Topic: Can BTC go down to <$5k again now?  (Read 1319 times)
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April 03, 2021, 09:08:17 PM
 #141

Back last March someone was asking about selling BTC when it was sub 6k I think it was and nobody at that time could say it was a definite buy or least the exact bottom price; extreme uncertainity.  They sold their BTC in the doubt which was incorrect reaction to pricing.  The thing to remember is not that we cant see lows but if it pushes past the bottom of 20k say or 14k even then its very likely too cheap and returns back up just as fast.    I dont know what other global event we could have that would create that kind of sell off but its not impossible, just the probability is unknown.
  A proper price is formed over more then minutes hours or even a day, it could be we see a nasty low but it never lasts the week so its then ironically a buy because it reverses itself.   I try to spot these all the time because market is always slightly too forward either up or down and its an opportunity to trade then.

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April 04, 2021, 03:34:22 AM
 #142

Hey.
You guys are still debating this stupid question?
I answered this thread on page 4:
https://bitcointalk.org/index.php?topic=5308694.msg56136676#msg56136676

And in the meantime the reasons why I explained why Bitcoin not only ill never get back to 5K, but also would have a floor at 14,000 have now raised the floor at 20,000.

How long shall we debate this non-sense?


Great analysis unfortunately many people lack understanding on this, or they are in wishful thinking, hoping that the price of Bitcoin will drop to $5k just like after the pandemic broke, this is what happen if you failed to trust what the big names are saying when Bitcoin is crashing back March last year, there is no need to debate but support the price now and hoe it will triple in the next big pump.

BACK FROM A LONG VACATION
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April 06, 2021, 02:44:50 AM
 #143

Hey.
You guys are still debating this stupid question?
I answered this thread on page 4:
https://bitcointalk.org/index.php?topic=5308694.msg56136676#msg56136676

And in the meantime the reasons why I explained why Bitcoin not only ill never get back to 5K, but also would have a floor at 14,000 have now raised the floor at 20,000.

How long shall we debate this non-sense?


Great analysis unfortunately many people lack understanding on this, or they are in wishful thinking, hoping that the price of Bitcoin will drop to $5k just like after the pandemic broke, this is what happen if you failed to trust what the big names are saying when Bitcoin is crashing back March last year, there is no need to debate but support the price now and hoe it will triple in the next big pump.
Well pump or dump is doesnt matter as long as we have patience we can maybe still earn even in bullish market. However we still need to be careful on investing and i think the best time to invest is when the price reach or drop up to 5k$  that is everyones wish that the price will go back to 5k$ for they can buy more and hold it for good.

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April 06, 2021, 05:24:37 AM
 #144

It will never fell down that low , And I'm sure that Bitcoin will never get that Low price anymore.

Established Investors and no upcoming "Pandemic Again" .

I don't think that bitcoin price will decrease as much as you tell. Because this coin is now in good position and much potential. Everybody wants to buy and hold it. Bitcoin price can decrease but not get down to $5k. This is quite impossible.

I don't think if they will Buy any FUD that tells 5k is downfall again.

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