Bitcoin now below $10,000

[shulio]

It will be okay as long as bitcoin price is higher than 8000 dollars. If price falls below 8000 dollars, the price will fall more and we will be in another 1 - 2 year bear season.

[1715643048]

1715643048

[1715643048]

1715643048

[1715643048]

1715643048

[Hamphser]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

We should really expect these kind of things regarding on this market and price declines would really happen anytime. Even those technical analysis and predictions of experts wont really be reliable anytime on this very volatile market. It might even go even more lower on what we didnt expect or it might bounce up again and reach new ATH. We dont really know on what would happen next and as an investor we should really know on how to deal ourselves on these kind of situations.

[Prabesh Raut]

We are in a revolution against the waning power of governments and bankers. Their only weapon is sowing fear. If you give into that fear, then it impedes and delays our inevitable victory. Cryptocurrencies are not crashing. They are bending against the impotent wind of the past.

[brainape]

It will be okay as long as bitcoin price is higher than 8000 dollars. If price falls below 8000 dollars, the price will fall more and we will be in another 1 - 2 year bear season.

Bitcoin price even crossed 9000$ and still continue decreasing  its value I think that this decreasing price of bitcoin will continue for some time but I think that after some time bitcoin price will recover its position and hope that its price will then trading above 27000$. Hope that bitcoin price will never trade below 10000$.

[Patrice_89]

Wow the price is looking scary right now.. I still bought in , I hope the dip is over soon! I think it has to do with the future contracts expiring and overall downtrend, but hope for better things in february

[serjent05]

Wow the price is looking scary right now.. I still bought in , I hope the dip is over soon! I think it has to do with the future contracts expiring and overall downtrend, but hope for better things in february

You have not seen the worst in Bitcoin, though I can say it is a smart move to buy bitcoin during its dip, because it is where we can get the higher profit when Bitcoin price goes up.  If only I have extra money, I would buy Bitcoin too but alas, i already invested them on some altcoin.  Anyway, just don't panic, as I read, this kind of dip is normal every year and yes I observed the chart, mostly coins decline during janauary but what is exciting is that boost in price after the dip (accumulation of whales).

[swogerino]

Wow the price is looking scary right now.. I still bought in , I hope the dip is over soon! I think it has to do with the future contracts expiring and overall downtrend, but hope for better things in february

You have not seen the worst in Bitcoin, though I can say it is a smart move to buy bitcoin during its dip, because it is where we can get the higher profit when Bitcoin price goes up.  If only I have extra money, I would buy Bitcoin too but alas, i already invested them on some altcoin.  Anyway, just don't panic, as I read, this kind of dip is normal every year and yes I observed the chart, mostly coins decline during janauary but what is exciting is that boost in price after the dip (accumulation of whales).

That is the perfect time to sell your bitcoin if you have bought them in the dip to make a good profit on trading. When whales are accumulating you should sell your bitcoin and then wait for another dip in order to buy more bitcoin. This strategy has proved to be successful so far with bitcoin because it is a known game, the whale game that they sell a lot causing a big downside to the price and then buying it again when price is down. They make profit consistently and we should follow their example and try to do the same with our balance.

[Patrice_89]

Wow the price is looking scary right now.. I still bought in , I hope the dip is over soon! I think it has to do with the future contracts expiring and overall downtrend, but hope for better things in february

You have not seen the worst in Bitcoin, though I can say it is a smart move to buy bitcoin during its dip, because it is where we can get the higher profit when Bitcoin price goes up.  If only I have extra money, I would buy Bitcoin too but alas, i already invested them on some altcoin.  Anyway, just don't panic, as I read, this kind of dip is normal every year and yes I observed the chart, mostly coins decline during janauary but what is exciting is that boost in price after the dip (accumulation of whales).

That is the perfect time to sell your bitcoin if you have bought them in the dip to make a good profit on trading. When whales are accumulating you should sell your bitcoin and then wait for another dip in order to buy more bitcoin. This strategy has proved to be successful so far with bitcoin because it is a known game, the whale game that they sell a lot causing a big downside to the price and then buying it again when price is down. They make profit consistently and we should follow their example and try to do the same with our balance.

It looks like its going back up to 10000 now so Im happy I bought in, but you are saying I should sell and buy the dip again? I think im going to wait till 10000 to sell..

[richardsNY]

It will be okay as long as bitcoin price is higher than 8000 dollars. If price falls below 8000 dollars, the price will fall more and we will be in another 1 - 2 year bear season.

Nothing seems to be a base support level anymore, so if it falls below $8k, it might as well just be a brief visit. The thing with this market is that people keep looking at charts and technical analysis, but it has time on time again turned out to be a worthless indicator. Nothing will tell you what will happen and where the next bottom is with panic going through the market -- people can guess as much as they want based on their analysis, but it doesn't lead to anything. On top of that, the market is just correcting after having reached an all time high of nearly $20k, so let the market settle where it settles -- with or without our predictions, we have ZERO influence on this.

[pratik009]

Today bitcoin price is near about the $8k and i think it will go more deep into somedays.so if you want to buy then i recommend you to wait for 2-3 days And if you have btc then hold it tighly and not sell in loss beacause btc price will soon go high so don't worry.Bitcoin has high resistance nearabout the $9k so if it will break this high resistance then it will definitely go towards the $12k-13k.
So let's see what happens ahead.

[Patrice_89]

Ok cool, because im only able to buy bitcoin with my fiat i did that. I think and also hope that it reaches 10k and upward again soon because then i can sell and get some ethereum in order to participate with new Ico pre-sales. Hope it works out!

[rizkyhiw]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

Well, there is a possibility that bitcoin is in the range of $9000.
If this happens I think the time of purchase has arrived. But for now it is still a good moment to buy. Early annoying year, but this is normal so there will be new investors who invest their money in bitcoin.
And they will hold it for a while, so that price will skyrocket as more market demand.

[Dodoymabs]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

If you have a huge amount now in your portfolio much better to hold and have a patience to wait at the right time to have your profit.
Then if you are planning to invest, well, it is the right opportunity to invest more in bitcoin while the price was down and wait the moment that until it is bouncing back again. Just hold on and have faith on bitcoin.
Hopefully by next month bitcoin will recover again in the coinsmarketscap and of course together with our profit.

Bitcoin surprised us with this sudden drop of value whichmakes everyone get into doubt what caused this event. Even I come to a conclusion to dump my btc but as what you believe that it will recover soon then, I will expect  that it will happen soon. Based also on previous years, their graph shows common results.

[Patrice_89]

Yes true,the period during christmas to the Chinese new year period has shown a dip in the total market for the last 4 years, there is definetly a trend in that and it will bounce back up mid february I think.

Btw guys on another unrelated note, can you guys tell me how I can earn Merit?

[Oceat]

Today bitcoin price is near about the $8k and i think it will go more deep into somedays.so if you want to buy then i recommend you to wait for 2-3 days And if you have btc then hold it tighly and not sell in loss beacause btc price will soon go high so don't worry.Bitcoin has high resistance nearabout the $9k so if it will break this high resistance then it will definitely go towards the $12k-13k.
So let's see what happens ahead.

As i expected it will go down to $8k then going to rise after it's done hyping in a few weeks but if this will go down below $8k then i guess my calculation was wrong. I think you're right the resistance is not breaking yet until if fully goes down and after that it is the time to buy for their new investments. I'm done buying some of it and i'm currently waiting for this to get back up.

[astrid.uchiha24]

Only thing that some traders still buying and holding is due to trust, my crypto trading career has not been a year yet but when i looked upon the prices from the past few years, this year i can say the worst correction of all time. Anyway, if you don't comfortable with the price and thinking that this could be the start of the end of bitcoin then go ahead sell your bitcoin and alts, turn it all into fiat but don't make post here like "i regret" etc. (this is for everyone not for the OP  )

[Xetonica]

Im just hoping that it will rise it again next month, bitcoin value are really so dip but it is the time you can buy bitcoin in this dip price. This is the first month of year that bitcoin high value will disappeard.

[dragoz11]

There are so many events happening against btc and the market cap have decrease significantly after the new year I will Hodl btc until the Chinnese new year is over around  February where I think it will get a push upwards with an increase of market cap.

[Pesona1]

For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.

the current bitcoin price situation is not very good for selling, if you have bitcoin stock you can store and hold the coin to the highest price. do not panic sell, and if you do not have bitcoin you can buy because at this moment the right moment to buy bitcoin with low price.

[Patrice_89]

SO selling bitcoin to get into ico's would not be recommended..I mean i dont wanna sell but there is always that question of if Im missing a better opportunity somewhere else. I think im holdin for now thought 9000 is way too low to sell