Irrational. Bitcoin could fall to $800

[bitbunnny]

There is always possibility for price to fall down but usually there are some reasons behind that. From this prediction for price to go as low as 800$ I see only guessing but not some ground or explanations. And even if we accept the theory that price will dump so much this will not happen over night. Some serious signs or continuous fall would have happened before that. So I don't think such huge downfall will happen.

[1715082007]

1715082007

[1715082007]

1715082007

[1715082007]

1715082007

[1715082007]

1715082007

[South Park]

Yeah all these ridiculous sub $1000 predictions are pilling up which makes me consider that we may have already bottomed. It seems to be popular these days, with guys like Tyler Jenks promoting his "hyperwave" thing. Reminds me of the 2014 days with people predicting sub $100 prices. When those news and videos start getting tons of clicks it's pointing at it now happening. All those guys waiting for sub $100 prices fucked up and missed the boat, they were the ones FOMOing back in to not miss the rocket.

I was myself expecting sub $3000 prices for a final bottom but all those sub $1000 guys point at a really close bottom, to the point that it's becoming an insane gamble to just not buy in already. What does it matter if you get in at $3000 or $1000 when we are going to $100k anyway.

It is not really that different than what happened during the bull market, when the market was going up and we were close to the top there were people predicting 50k or even 100k to be reached during 2018, and we know how that ended, so we are seeing the same thing happening again, and about your last question investors and traders are completely obsessed with the moment of getting into the market as if that was all what was necessary to make profits but anyone with experience in the markets knows that your entry is not really that important.

[rosmerius]

Bitcoin can fall if always negative things come repeatedly, this is indeed very sad, this long decline makes a lot of speculation to feel lost and must survive to get the good will come. We survive for better development and positive news will come to give a reasonable increase.

[andulolika]

Could....
I could get my dick sucked on a daily basis...
Bitcoin could of been a scam as everyone said, btc will never hit 1k again btc is dying ponzi... I bet a ball btc is not reaching 800.
Why would you fud.

[KryptoKai]

If there was a long term bet going on whether it would reach $800 or $800k in the next ten years i would put my money on the latter. There is too much demand now, especially in the south american areas, bitcoin has bottomed so the only way is up

[LUCKMCFLY]

You have to understand something very concrete, I will share it since it is one of the teachings that the books that I have read have left me: if the creators of the market, Strong Hands or Whales decide to take the bitcoin to 1 USD, they can do it, They have the money to do it, but why do not they do it? It is very easy, many people have built their castles in the air due to the emotion of bitcoin, and this produces money, and can not do away with the hen that lays the golden eggs.

From the point of view of any speculator, they know that this is possible, and that most speculators are interested in trying to win with the movements almost without taking into account the technology, many see it as a business. This analysis buries many paradigms of many people, but it is reality.

Now thinking rationally because all scenarios are possible, there is a certain inclination not to crash Bitcoin, because Bitcoin presents a structure according to Wyckoff's theory: Accumulation, Trend and Distribution, which moves away from any Bubble structure.

Many speculators already know that most people who invest in Bitcoin are generally any type of people with or without experience in the market, this makes speculators follow their market strategies, perhaps, that is why we see in these times a very long accumulation phase.

At some point, the bitcoin will rise  and enrich many, it is for this reason that any event that occurs in the market is not at all crazy or irrational, if we take into account the high volatility.

[dodgrad]

If there was a long term bet going on whether it would reach $800 or $800k in the next ten years i would put my money on the latter. There is too much demand now, especially in the south american areas, bitcoin has bottomed so the only way is up

Also, I think that whoever was to sell BTC has already done so. With every day is coming more positive information on the market which in my opinion means the end of the bear market and promises price increases.

[bitgolden]

Bitcoin can fall if always negative things come repeatedly, this is indeed very sad, this long decline makes a lot of speculation to feel lost and must survive to get the good will come. We survive for better development and positive news will come to give a reasonable increase.

Every day comes with a good side of Bitcoin, in one way or the other, the benefit of BTC is being released to the system on a daily basis and these benefits should form the good news we have to continue to spread about BTC every day.

Sometimes, negative news can have bad effect on the growth of the system, and that is why I see some of the untrue news as being sponsored by people or government that doesn’t want the survival of the system, but we can still try our positive best to continue spreading good news about BTC.