What if Bitcoin price drops even further?

[raven7886]

I don't want to sound I am panicking, but the price of BTC has reached the lowest point this month. Checking on the chart of this quarter on 5Feb there was this dip when the price of BTC even went down to $6,500

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

It is possible to happen considering that bitcoin price movements has been up for a prolonged period of time and lots of uncertainty are going on(because of FUD's. I don't think it will fall back to as low as 2000-1500$ though if that happens it will be a real dilemma and we might see sub 1000$ again. Either way, the price is better comparing to when it was sitting at 200-500$ so it is not bad. Just don't panic sell for now it is wiser to hold.

Yes, anything can happen and from the look of everything most especially with the low buying pressure, any slight panic can cause a quick sell off very fast. If we end up seeing a really low price at the end of the day, it would really be crazy but at the same time be a whooping time to get back in at a very sweet amount knowing that may be hard to come by ever again in the future.

If it drops further then we buy further. First, bitcoin's value went way below $6500. Secondly, going further down does not mean it is the end of the world or the end of bitcoin, as that apparently gives an opportunity to buy back under-priced and if anyone is willing to give me at that price, I would be willing to buy it.

OP's question is what if, and the answer is, it changes nothing and we should stop listening to everything that we hear unless we can make decision all by ourselves and if we cannot, just hold because we may end up selling at the wrong time.

[Yatsan]

I don't want to sound I am panicking, but the price of BTC has reached the lowest point this month. Checking on the chart of this quarter on 5Feb there was this dip when the price of BTC even went down to $6,500

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

This is possible but no one knows if this thing could really happen. The best thing to do in order to stop this is to avoid selling to make the demand high. Hold still and wait for its market value to increase. Consider also investing at times like this because huge profit will be earned once the market value of it starts to rise. Just be patienr about things in crypto beause all of this is normal and is experienced by most of the cryptos not only Bitcoin.

[Lampaster]

I am sure that the price of bitcoin will smoothly go up. Now we can relax and wait for the price to be above 20K dollars. For months, whales bought coins at an average price of $ 8,000. Now they have to raise the price as much as possible in order to sell their coins well. I don't think they'd want to sell coins for less than $ 17к- $18K . We are waiting for these indicators.

[laluna24]

I am sure that the price of bitcoin will smoothly go up. Now we can relax and wait for the price to be above 20K dollars. For months, whales bought coins at an average price of $ 8,000. Now they have to raise the price as much as possible in order to sell their coins well. I don't think they'd want to sell coins for less than $ 17к- $18K . We are waiting for these indicators.

This is I really believe on bitcoin price will gonna happen to go up. Let's say price of bitcoin drops my next moves for that is hold and wait when it will go up. We have to be calm because definitely whales are buying at most cheap prices.

[ngacengan]

I don't want to sound I am panicking, but the price of BTC has reached the lowest point this month. Checking on the chart of this quarter on 5Feb there was this dip when the price of BTC even went down to $6,500

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

if the bitcoin price drops to such a price it seems unlikely because for now as I am interested in bitcoin conditions very much and extraordinary, not only that bitcoin demand is also very high than it seems to be difficult to get down to the bottom.

[atjiat]

I don't want to sound I am panicking, but the price of BTC has reached the lowest point this month. Checking on the chart of this quarter on 5Feb there was this dip when the price of BTC even went down to $6,500

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

if the bitcoin price drops to such a price it seems unlikely because for now as I am interested in bitcoin conditions very much and extraordinary, not only that bitcoin demand is also very high than it seems to be difficult to get down to the bottom.

here uniquely the Light can not be, because many investors or traders trade Bitcoin from time to time to fill the home budget. Therefore, even if you need to sell, you will sell, despite the low price.

[upsidedown75]

"we need to go deeper"

I would not mind either as that would give me a huge buying chance but at the same time, I always have this mind that whatever wants to happen will happen as we have no control over it and if we get to see the market dropping way lower, we will only end up making use of the opportunity to keep stashing in the more as much as possible. I do not know why the MtGox guy stopped though, I thought he would give more chance to buy back lower from him.

[Cryptodaddy05]

I don't want to sound I am panicking, but the price of BTC has reached the lowest point this month. Checking on the chart of this quarter on 5Feb there was this dip when the price of BTC even went down to $6,500

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

I don’t think anyone can say what is going to happen to the price of Bitcoin in the short to medium term, and whether it goes higher or lower over that time frame depends on the amount of selling pressure downwards due to bad news, poor market sentiment, panic selling, automated selling and large holders of BTC putting in large sell orders etc VRS selling pressure upwards due to good news, improved market sentiment, new buyers being drawn into the market by FOMO, institutional and other mainstream investment sources getting into the market once they’ve believed its bottomed etc. At the moment the bears are winning and that may drive the price lower.

But bitcoin and blockchain is a technology that I believe is going to revolutionise the internet and most other businesses and things we do in our lives over the next 10-15 years, and it’s use and adoption in the general population will increase from the current ~1% of adults to 15-20% by then at least and the price should steadily increase although with the bouts of speculative frenzy like we saw in December and the big crashes like we saw in February. That means you’re in the first 1% of very early adopters and if you believe in the coin and technology then there should be great returns over a long term timeframe!

I suggest you look at a long term chart of bitcoin prices from 2009 to now, both linear and exponential - and observe the steady upward growth in long-term average price, which should continue for the next ten years although with peaks and dips short-term and not the steadier upward line you see long term! And my impression is that bitcoin is currently about where it should be on its long term average growth line at about $8,500.

And finally remember that old advice that “you don’t realise a loss until you sell!”. Hope this all helps you have steady hands.

[EdenHazard]

huge losses, many people who go bankrupt because it is investing in bitcoin, while the government will not be responsible for it, so it is equal to gambling all the risks we are at

it is the fairest market , crypto are the most fair market . where in stocks or any other market there some people who hold a key role to decide to pull the trigger to make the market crash or not. so if you are not part of those people who have a big influence , you won't survive there.

i mean it is clearly crypto market are not manipulatable , it is always depends on us, and usually media drives people opinion . just keep looking for the information about trends. you will know that currently people testing the support on $9k . we'll see.

[Clavulanic]

"we need to go deeper"

I would not mind either as that would give me a huge buying chance but at the same time, I always have this mind that whatever wants to happen will happen as we have no control over it and if we get to see the market dropping way lower, we will only end up making use of the opportunity to keep stashing in the more as much as possible. I do not know why the MtGox guy stopped though, I thought he would give more chance to buy back lower from him.

It's not that a bad thing about dropping price even more because that's a usual thing with bitcoin. However, some investors are much more affected with the drop and it counts each penny that they have invested. More or less for the holders, it won't matter because it is just aligned whenever the price of bitcoin drops or pumps. Always have control with your emotion when there are changes and take it just a challenge.

[Chaki]

Dropping is good sign for me because I can keep high amount of bitcoin now unlike before that I only look on the market list with how much is bitcoin, and I don't even afford it but now I can have some. It's like opportunity that only come once.

[MoonJeina]

Nobody  wants to sound panicked but to be honest everyone is panicking inside right now . I  agree that the trends and the charts are not in the favor of bitcoin but they sure were before and the scenario is not that brutal right now . It is still around $8000 which is a pretty good value and there is "period" where bitcoin takes a troll at the holders and the investors maybe that time is now.

[mkhadazz]

I don't want to sound I am panicking, but the price of BTC has reached the lowest point this month. Checking on the chart of this quarter on 5Feb there was this dip when the price of BTC even went down to $6,500

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

just calm the bitcoin price will not be easy to get down to $ 6.5k down because I think it's very difficult to imagine the demand for bitcoin today is very much all want bitcoin and they believe can be a very expensive coin, if you get stuck in a very good price do not be easily influenced by the talk of others.

[coinnumber]

The price of Bitcoin can not be dropping continuously something it grows when we less expect. The thing is that many people think that bitcoin is not improving flash back at 2009 even 2012 then you will know that bitcoin will never disappoint it's investors.

[hisuka]

The price of Bitcoin can not be dropping continuously something it grows when we less expect. The thing is that many people think that bitcoin is not improving flash back at 2009 even 2012 then you will know that bitcoin will never disappoint it's investors.

Because users or other investors of bitcoin alwAys differentiate the price from last year that hit into Ath than today. I believe it also price of bitcoin were not fall forever, it will have it by increasing it's value but maybe this coming months. We don't know really when it will happen to increase but let's hold rather than selling and panicking of our bitcoin.

[lifengpu]

if it goes down, many in a hurry will acquire bitcoin and this will be a reasonable solution in my opinion, because it will bring in the future a good income

[Capt00]

I don't want to sound I am panicking, but the price of BTC has reached the lowest point this month. Checking on the chart of this quarter on 5Feb there was this dip when the price of BTC even went down to $6,500

I heard people around me they believe BTC price will even fall further. Is this really gonna happen?

I really don't think so. Though it happens to fall but not possible of reaching it by $5k. Price may stabilize after market exchanger regulations and fully it gains another massive support from the community. Since regulations is currently in the process, a lot of people sell their coins in cheap cause they think that it won't recover anymore and absolutely they are wrong.  

[yonjitsu]

If that's gonna happen, then it will be a blessing since we can already buy bitcoin at a cheaper price. Besides, there's nothing to worry about how bitcoin will come back because bitcoin will always come back everytime its market value falls down drastically.

[liivii]

If that's gonna happen, then it will be a blessing since we can already buy bitcoin at a cheaper price. Besides, there's nothing to worry about how bitcoin will come back because bitcoin will always come back everytime its market value falls down drastically.

Yeah that's a good time to buy some bitcoins, many long term investors will be happy if the price of it go lower and lower because they'll earn huge amount of money in the next years if bitcoin rise again in the market. While those people who have really no knowledge will suffer their actions of panic selling because they really don't know what's happening on bitcoin and they just focusing on the price that whenever there's a price drop they will panic, so instead they earn money all they gained is stress.

[Gadhoh]

if it does happen I suggest that you keep it and do not sell it at all because the price of bitcoin erratic sometimes rise suddenly or down in a long time so instead of getting the loss mending we hold first while waiting for the price to go back