BITCOIN - ROAD TO 8,000$ - speculation

[riskarcher]

This is the wildest speculation I've ever seen, if it's true that Bitcoin reaches $8000 it is certain that the world is not doing well. as low as bitcoin I think only at the price of $ 25000. Even though the current condition is bear market BTC will bounce back along with inflation from the FED and the problems of the Ukrainian state will getting better

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[StarKay]

Why not?
Whats your predicts ?

Bitcoin is not going to $8000 in the foreseeable future if we're to follow current trends and also because of many new investors that are seeing the potential of btc. Barring any financial crisis or major war outbreak between powers, BTC price should steady around 38 - 45k and I expect a bull run towards the end of the year.

My prediction for BTC this year is between 70k - 80k meaning that I predict that BTC will hit a new ATH but it won't hit the 100k mark yet.

[Furious 7]

Why not?
Whats your predicts ?

when i read about this i thought it would be based on some data or speculation that their prices would be there.
But I'm quite disappointed with the content of the threads created there.
At least you have to come up with a fairly logical reasoning and data and facts on how they will get to that price.
No clear data, no clear reason why you think they're going to get to that price now? Don't you see their movement from year to year? Don't you realize their potential?

[bitgolden]

There is no chance for bitcoin to be 8k anytime soon. The topic was created only a month ago, I assumed this was some topic that got revived somehow but turns out just a month ago people assumed it would be 8k. I do not believe that it would ever go under 20k ever again in history unless something super horrible happens.

And I do not mean like a small thing, I mean like all of USA bans it federally type of deal and we all know how they are enjoying it right now so I do not think that it will happen anytime soon. By the best possible situation for the time being, I feel like it is going to be 30k+ and even more for a long long time and then even be 50k+ eventually without ever going under.

[Vaskiy]

$8000 was reached during the year 2017 for the first time. From that point it reached its first ath value. Further there is decline in the price reaching around $3000. From this range it slowly started moving and once again crossed $8000 in 2018. After this the great upward movement happened in the year 2019, which further fluctuated.

The last time bitcoin price experiencing $8000 was during the year 2020. In comparison to the adoption, large scale company participation, regulation around the world. We can mention so many factors that won't let the price to reach $8000.

[redsun114]

things that i believe will never happen again, the 2020 pandemic effect is indeed the lowest bitcoin ever reached but remember that the ATH those days is 20k compared to 68k this year and we are still holding to 30-40k this yeat meaning it can go high or at least lowered in 20k the most.
but 8,000? i don't think it is possible  lol.

I am also shocked when I see this and I think maybe it was only a typo but the OP really mean to say is bitcoin is heading to 80k usd because that is more realistic than 8k usd low and the price are actually going upwards not downwards.

The bear season is already over so we are not expecting for a follow up dumps. Sure, history can repeat itself and we can experience a decline again in the future but I believe it wont copy the same price as we have last time. We aren't in the same year but we are now on the year 2022 and almost 5 years have past. There was a lot of innovations or improvements that happen in bitcoin during that time.

[Yurkov]

Why not?
Whats your predicts ?

A few days ago, the possibility of Bitcoin's price dropping to $ 8,000 was a complete abstraction for me. Unfortunately, but Russia's invasion of Ukraine makes this vision more and more real. Of course, I would very much not want that to happen, but looking at the situation on the financial markets, the cryptocurrency market is also very threatened with a bear market.

[Kemarit]

I doubt anyone will be able buy dicsounted BTC sooner than 2023, the overall market conditions dictate uptrend for short-term in 2 years. Maybe war or any other cases can bring risky financial markets down, so BTC price can go as low as $8000. Otherwise, don't expect less than $20k levels in the best possible situation. Better to buy in steps instead of trying to catch falling knife.

I don't think that there is a chance that we might go down below 5 digits, the lowest lows is in 2020 right after the pandemic.

Probably in the range of $20k,000 might be possible, but $8,000? What will be the circumstances that it will almost bring BTC to it's knees? Not even the war in Europe, as we have saw, the price regain back what it has lost in the first wave of attack and we are back and almost touching $40,000.

[jossiel]

With BTC anything is possible, in 2017 many believe that BTC can't dropped down to 3500$ again from its ATH of 19k well same thing can happen again, history always repeat itself when it comes to crypto but it's just a speculation nothing is guaranteed.

As you have said, everything is possible but there's no guarantee.

On 2017-2018 run, the market has wiped out more than 80% from the ATH. And if we're going to compare it today, we already went more than 50% from the last ATH.

As we follow the cycle and likely of 80% of wiping out from this year or so, the lowest possible if the same run will come, bitcoin shouldn't go below $13k if my calculation is correct.

things that i believe will never happen again, the 2020 pandemic effect is indeed the lowest bitcoin ever reached but remember that the ATH those days is 20k compared to 68k this year and we are still holding to 30-40k this yeat meaning it can go high or at least lowered in 20k the most.
but 8,000? i don't think it is possible  lol.

Let's just agree for the sake of argument that "anything is possible".

But it's true of what bitcoin has reached that it's unlikely that we're not going to see that further while it's on $30kish to $40kish. That's not a guarantee but more of the support and stability that it's showing at these times.

What we want to see is it going up but for those who have missed buying, they'll tell their lowest price ever so that they can bag up again and that's just normal.

[Naficopa]

I doubt anyone will be able buy dicsounted BTC sooner than 2023, the overall market conditions dictate uptrend for short-term in 2 years. Maybe war or any other cases can bring risky financial markets down, so BTC price can go as low as $8000. Otherwise, don't expect less than $20k levels in the best possible situation. Better to buy in steps instead of trying to catch falling knife.

I don't think that there is a chance that we might go down below 5 digits, the lowest lows is in 2020 right after the pandemic.

Probably in the range of $20k,000 might be possible, but $8,000? What will be the circumstances that it will almost bring BTC to it's knees? Not even the war in Europe, as we have saw, the price regain back what it has lost in the first wave of attack and we are back and almost touching $40,000.

Also, I believe that a Bitcoin price drop to $8,000 is very unlikely, however, there have been very large price drops in the history of cryptocurrencies. Several times the drops reached even 90% of the ATH price, so theoretically it is possible.
I think that when it comes to the impact of the war in Ukraine, it is not yet visible in the price of Bitcoin. We will observe the political and economic consequences for many months or even years, so a lot can still happen. And I'm sure it won't be positive for the whole financial world of which Bitcoin is a part.

[Doell]

This is the wildest speculation I've ever seen, if it's true that Bitcoin reaches $8000 it is certain that the world is not doing well. as low as bitcoin I think only at the price of $ 25000. Even though the current condition is bear market BTC will bounce back along with inflation from the FED and the problems of the Ukrainian state will getting better

Even 25K is an impossible value, we get support above 30K, the bear market is not strong enough to break it even with bad news. Regarding the issue of war, I hope that Ukraine issue will quickly find a common ground on both sides, in order to create peace cause we don't want a third world war. So far maybe what will society go through in that situation Money will be secured in bitcoin.

[lalabotax]

I think there is no way that Bitcoin to drop to $8k. The current Bitcoin price survives above $37k, it is very far from $8k. Although there will be a war, I believe that Bitcoin price won't drop below $10k. The last ATH is about $68k, it is horrible if the price free fall to $8k only in a few months. Every party in crypto market won't let it happen.

[tippytoes]

I think there is no way that Bitcoin to drop to $8k. The current Bitcoin price survives above $37k, it is very far from $8k. Although there will be a war, I believe that Bitcoin price won't drop below $10k. The last ATH is about $68k, it is horrible if the price free fall to $8k only in a few months. Every party in crypto market won't let it happen.

Despite this war, I also don't think it will go down to $8k anymore. Also, this war may possibly boost the usage of btc and other crypto because people are looking for alternatives on how to secure their assets. And we are already seeing that the crypto volume in Ukraine is growing in the past few days. So it is not going to happen to drop btc below $10k again, instead, this war may contribute to more growth and adoption of crypto.

[bitterguy28]

I think there is no way that Bitcoin to drop to $8k. The current Bitcoin price survives above $37k, it is very far from $8k. Although there will be a war, I believe that Bitcoin price won't drop below $10k. The last ATH is about $68k, it is horrible if the price free fall to $8k only in a few months. Every party in crypto market won't let it happen.

Judging from the growth of adopters that bitcoin has gained so far, then I would also say that the price of bitcoin is not going to drop to the $8k level any time soon, basically bitcoin has value because of the trust of the people and if the trust of bitcoin adopters continues to grow it will certainly make bitcoin fundamentals will also get stronger.

Indeed to not happening , because 8k is too low to look at ..

There are several occasion in 2020 that Bitcoin made the lowest movement but that is after the Pandemic attack when the whole world is in devastation and panicking .

But with us now? with the big investors inside and institutions? I'm sure that bitcoin will stay up high and never to drop in 4 digits again.

[coco23]

I think there is no way that Bitcoin to drop to $8k. The current Bitcoin price survives above $37k, it is very far from $8k. Although there will be a war, I believe that Bitcoin price won't drop below $10k. The last ATH is about $68k, it is horrible if the price free fall to $8k only in a few months. Every party in crypto market won't let it happen.

It seems unlikely now, but as always "it depends". Nobody would have thought it is possible for BTC to reach $60k 2 years ago, it could well go back lower if we see strict regulation laws in large parts of the world. Personally I don't believe it will be so bad, we might see a bottom at around $20-25k maybe.

[romero121]

I think there is no way that Bitcoin to drop to $8k. The current Bitcoin price survives above $37k, it is very far from $8k. Although there will be a war, I believe that Bitcoin price won't drop below $10k. The last ATH is about $68k, it is horrible if the price free fall to $8k only in a few months. Every party in crypto market won't let it happen.

It seems unlikely now, but as always "it depends". Nobody would have thought it is possible for BTC to reach $60k 2 years ago, it could well go back lower if we see strict regulation laws in large parts of the world. Personally I don't believe it will be so bad, we might see a bottom at around $20-25k maybe.

There were wild predictions, and none have a strong belief of price reaching $60k+ in such a short time period. Even at this moment the price is predicted to fall, associating with the war. Initially there is crash, and further the market have turned strong reaching $41k while the world market is suffering. This way the market moves were unpredictable and the same can crash the market downwards.