Will bitcoin hit a new low since 2018

[Palider]

Now some people on the Internet predict that bitcoin will hit a new low since 2018.

People have always been "predicting" what will happen with bitcoin's price. I get it, it's sometimes fun to speculate. But as always in the end, no one knows(I've said this a lot of times that I might as well be a broken record). There will always be bears when the prices are rising. There will always be bulls when the prices are falling. And vice versa for both. Stop wasting time trying to listen to people's "predictions" as I'm pretty sure no one has a track record of predicting the markets with 100% accuracy.

Yes it is not based on other people's predictions, as they do not know what will happen to the bitcoin price, they are just based on what they see and hear from other people. So don't listen to them because it will only cause you fear. You better take this opportunity to buy cheap bitcoin as we will surely see it again in a few weeks when bitcoin prices rise again,

[Shasha80]

Everyone is free to make predictions about the price of bitcoin, but if bitcoin hits a new low to $ 3000 it's a bit too much in my opinion.
Because right now bitcoin at the price of $ 7,400 is already a low point, so in my opinion it's unlikely that bitcoin will drop below $ 7,000.
Indeed in the world of cryptocurrency anything can happen because of the price of bitcoin volatility. But there must be a rational factor
here, it's easy like this bitcoin as we know it is increasingly known in the world. Therefore if the interest continues to grow rather
unreasonable if bitcoin hits a new low sice 2018. That's makes no sense.

[Darooghe]

There is a pattern. It's logarithmic with powers of 10 in this case. It hits above a power of 10 for an all time high, then drops to somewhere around 50-60% of that, then slowly climbs back to that old ATH, sits around there for a while, then shoots up to the next power of 10 for a much higher all time high. Repeat

3 years of profiting in this market. Even if we dip to $3,000 I'll continue to buy. I bought at $6000, and continued to buy at $500. I'll never stop buying. I take profits every once in a blue moon, but that's only when certain benchmarks are hit. Like the first time I broke 0.2 mil, took $20,000 in profits and injected it back in on the dip. Same when I broke 1 mil. Next profit I'll take is when I break 2 mil. Which isn't too far away with the halving coming next year. Personally I'd love a huge dip like $1,000, but it is very unlikely with bakkt has already come.

If you're currently feeling FUD but you're up, ask yourself how much you'd have to cash out in order to make you immune to FUD. Maybe that's your best option. Don't let emotions control your decision making.

[Harrydose]

Bitcoin to fall at $1K , Is it the Dead End? https://www.thecoinrepublic.com/bitcoin-to-fall-at-1k-is-it-the-dead-end/

[DeathAngel]

Don’t believe everything you read online OP. I don’t think the price will ever go below $6,000 again, certainly not in our lifetime.

[Oasisman]

Now some people on the Internet predict that bitcoin will hit a new low since 2018. Is this someone harvesting leeks and alarmist? Historically, there seems to be a similar voice every time prices fall. Our retail investors are reduced to leeks every time.

It goes the same when the price starts to gain a few percentage. Anyone could predict with the current market condition, but It all depends on how he supported his predictions.
Actually, that range is quite possible. If you noticed how we gradually dropped since we hit the highest this year at around $13,000 on June. Then, Bitcoin plunge and moving sideways trading at $10,000-$9,000 range in the whole month of August to September. Upon entering the month of October  ,Bitcoin has decreased its value again and moving sideways trading around $8,000 for a few weeks ,and now here we are trading at $7,500. I have a feeling that the price will stay at this range again for a week or two before It recovers or become even worse.

[ene1980]

Far from being likely to return like 2018 to $ 3300, Bitcoin will target bullrun in the coming months, and I think the lowest bitcoin price of $ 7,000 will not exceed that.

There is no guarantee that the price of bitcoin will not go down $7000, it is a global market and it has its own risk, even if there is a correction now there is nothing to worry in the long term as the price will recover and everyone knows that and so is the reason we are not seeing massive sell off compared to the earlier price charts. If the market continue to perform badly we might even go down to $5k and it all depends on the next few day of market trends.

[Juggy777]

Now some people on the Internet predict that bitcoin will hit a new low since 2018. Is this someone harvesting leeks and alarmist? Historically, there seems to be a similar voice every time prices fall. Our retail investors are reduced to leeks every time.

@IOE no one can predict with accuracy as to where bitcoin prices will end up in coming months, hence you should not believe everything you read on the net these days. As far as those retail investors are concerned I feel bad for them because now they’ll sell their bitcoins at losses on the advice of their analysts, and later when bitcoin prices will rise then they’ll come here and curse bitcoins. The moral of this post is to make you’ll understand the need to hodl for long term, and not to be persuaded by short term fluctuations to sell your coins.

[debitel]

Now some people on the Internet predict that bitcoin will hit a new low since 2018. Is this someone harvesting leeks and alarmist? Historically, there seems to be a similar voice every time prices fall. Our retail investors are reduced to leeks every time.

I don't think it will fall under $6200 line. Even if I am wrong, why is everyone so worried, it will bounce back up or eventually.

[jhonjhon]

With todays market situation I guess there is a big chance it will hit a new low if not this year then probably in the next years. Hitting the new low is the worst that I can experience so far I just hope it will not happen. Bitcoin has been very bearish this last few weeks and it seems we can’t really predict what’s going to happen next. Lets just hope for the best, fingers crossed.

[GideonGono]

Now some people on the Internet predict that bitcoin will hit a new low since 2018. Is this someone harvesting leeks and alarmist? Historically, there seems to be a similar voice every time prices fall. Our retail investors are reduced to leeks every time.

There has a lot of prediction but sometime it didn't real but I think in 2017 which was the year of the bitcoin prediction that came true.  Last 2017, the price goes up to 20 thousand dollar in just a month after the meeting about the bitcoin that it could be gone on August 1, 2017 but the bitcoin still alive until now.

[Capt00]

There has been a lot of predictions here and there, some say it’s going bullish some say it’s bearish and with all different prediction it is hard to tell which one to choose and what to think anymore but we all know bitcoin’s volatility and as investors there is only two directions up and down thus, we should all be ready for all the things that can happen even the worst things. We may see a new low in the coming days but always remember that bitcoin has always regain it’s strength so just believe in bitcoin.

[Inkdatar]

Numerous users already have a prediction of bitcoin price but as the usual case, we couldn't judge the market if this time will hit a new low. Since the current price touches $7500 there’s always a tendency it can go lower but not to the point to hit a new below $6k. In my opinion, once the price could go down below 7k it may sudden increase. Above all, let’s hope the best in this market condition of bitcoin that will have a change in price in the coming days or months.

[BChydro]

With todays market situation I guess there is a big chance it will hit a new low if not this year then probably in the next years. Hitting the new low is the worst that I can experience so far I just hope it will not happen.

No one wants to see their investment going down the drain but what makes you think that the price of bitcoin will probably go down next year, the worst case scenario is that we will see an all time low this year and there is no way we will go to a market situation when halving is nearing and hence for everyone planning to invest these corrections are the right time to invest.

[SummerBliss]

Now some people on the Internet predict that bitcoin will hit a new low since 2018. Is this someone harvesting leeks and alarmist? Historically, there seems to be a similar voice every time prices fall. Our retail investors are reduced to leeks every time.

See we can just speculate about the prices from the past records but in reality we don't know what will actually happen that whether we will see pump or dump situation in future.But one thing we need to know is that stay away from negativity around us and keep calm without getting panic as btc always pump when bull run hit the market and we get our returns.So invest in it and hodl.

[darkangel11]

The only way it could hit a new low is a ban by a big and important country. We can't say it will never happen because it's possible and if China bans mining or the USA comes up with some strange legislation like the one in NY we can expect a lot of red candles.
Ot course there's a very low probability of this really taking place. Without grim news there's no way Bitcoin will even go below 5000 dollars. This would break the 10 year old trendline! Something like that doesn't happen without a major failure within the asset.

[Zeke_23]

It is possible. We really can't determine whether its price will drop more or when bitcoin will start to pump.
This time, the only thing we can do is wait and watch the current situation of the market. We should not take this as a disappointment, grabbing this dip as an opportunity will be the best thing to do right now.

[Genemind]

Anything could possibly happen with Bitcoin anytime. We all know how volatile the market is and we can't control it but the fact is, we can't predict its future price. There will always be predictions but only time can tell the future situation of the market. Let's all wait and expect the best and keep believing that Bitcoin will never fail us.

[alexforneus]

If this will happen this will be very huge hit for industry

[boltz]

I think it will not because most of you are waiting for bitcoin to drop lower to make your buys but Bitcoin is already low in my opinion so it cannot dive under 7k. I saw this scenario to many times hearing people saying "Bitcoin will go to 3k$ again and then I buy" and 1 month later bitcoin went up 3k$ so why this time won't be different ?

Speculators can do what they know best but if you're a long term holder would be a mistake not to buy at this price.