What if Bitcoin drops to $15,000?

[digifinex.official]

If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

[OscarDavidson]

If bitcoin fell down to $15k, I would definitely buy as much as I can I've already had such an opportunity when BTC went down below 4k but then I had less hope in the crypto market. Now I changed my mind about Bitcoin's future and my faith is getting stronger with each new ATH.

[Aliceooo78]

it's like the stock market. institutions buy it at a low price and then sell it high. similar to stock, bitcoin is manipulated as well. we individual buyers are supposed to observe carefully, obtain profit and resist loss.
when it drops, stay calm, do as the institutions do. when you have had enough of it, sell it when high

[sunsilk]

If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

You just answered your question in your title. That whenever bitcoin plummets to $15k or so and other low prices, there will be a series of loading up and quick buy orders from the institutions and not just them but also individuals who have missed those buying opportunities.

As we see, they're willing to buy at $30k-$37k and that will be in favor of them if it happens that bitcoin's price drops a lot. But are you still thinking that it will happen? it can happen but unlikely.

[plr]

If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

The possibility is slim at this point in time where momentum is very high, but if ever it drops to $15k then you are in for a big luck, and this is such a big opportunity for all of us here, since we can buy Bitcoin at this level again, just like what happen when Bitcoin drops when the news of the pandemic broke out.

[JimboToronto]

The chance of it ever dropping to $15k is close to zero.

Sorry noobs maybe you should learn about Bitcoin before posting such nonsense.

This isn't some silly stock market trading game.

[exstasie]

If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

I'm pretty open-minded about how far pullbacks can go, but $15K is totally out of reach. Stop dreaming.

$22-25K is a good zone to catch the knife from here, if you're lucky enough to see it. That's a 34-42% decline from the most recent top. Not sure I would bet on it though, not until we actually see some downside momentum. These little $1,000 selloffs aren't going to cut it.

[GideonGono]

If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

If it falls down to $15,000 then there would be some who would doubt it and it would take time before it goes up again.
Just take a look at the past just like in 2017 it went high almost reaching $20,000 but even though it goes down below $5,000 it took to long for it to go $19,000 again.
If the price drops down with a huge number like that people would have doubt and wouldn't just jump in like how we expect it to be.
If you are also an investor you should know that when things are getting messy you would have doubt about it and sometimes you would just let it be and keep distance from it.

[cryptomaniac_xxx]

If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

First if this is to happened, there could be like a covid-19 or similar world events that will really pull back not just crypto market but the rest of the traditional system. I'm not saying it will not happen, but highly unlikely. Second, just a mere drop of 10%-20% this institutions are going to get more bitcoins that wont allow the price to dip as low as $15k. Just like what we have witnessed already, from $33k-$29k, $4k difference but the price soon bounce back to $33k and now we are looking healthy for a $40k run.

[Reatim]

If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

I don't know what comes to Your Mind asking this , but when Bitcoin reached the Highest Value before this 2020 the price fell down to 4k and that did not hurt the market that Bad.

What more today that Institutional investors are inside and Investing ?

One thing for Sure , that i will Buy all the asset i have when 15,000 fall happens.

The chance of it ever dropping to $15k is close to zero.

Sorry noobs maybe you should learn about Bitcoin before posting such nonsense.

This isn't some silly stock market trading game.

Obvious that OP is just trying to bring FUD in this triumphant Market but of course Zero effect .

[Karartma1]

If you guys are uncomfortable regarding where the price is now just place your stop-loss orders and be content. You have all the possible parachutes at your disposal, use them and stop complaining about something which has not happened (at least yet!).
Take some profit home and live with it.

[Janation]

We don't know if it will drop that low.

All I know is that since we are seeing the price that we have right now, and it drops that low, there will be a lot of people that would surely invest and reinvest at that drop. They will be taking that dump as an opportunity to drive the price to another ATH or maybe back to the price we have right now. Like what happened when the price dropped at $3K.

[Dave1]

If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

No one can time the market, even if it drop to $15K, this is a perfect opportunity to everyone, not just companies but even average joe who complain that the price is too high. A road to $100K doesn't mean who should go down at least $15k, we can have 10%-20% corrections then a bounce and recovery of 30%, and then it repeats the cycle before hitting 6 digit figures.

[blckhawk]

If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

It's pretty obvious don't you think? If bitcoin does fall $15k or even more then that would be an opportunity not only in institutions but also for the individual to load up and reaching $100k USD is now kinda feasible right now due to the fact that the growth is rapidly increasing. It is likely a cycle, if Bitcoin dumps everyone will buy, and if Bitcoin pumps they will sell. That's just a typical scenario, you don't even need to think anything more than that, just buy at low and sell at high.

[maxreish]

It can be possible that bitcoin may hit that bottom price. I remember the time when it touched down to $3k and many were really buy more bitcoin at that time enjoying their profits right now. But of course there should be a great movement of whales before that happens.

While other holders will be disappointed if this dump happens,  other find this as an opportunity to accumulate more. Institutions most likely will be glad to hold more bitcoins.  Although some predicted bitcoin to achieve $100k at it's peak but most likely the bullish market is still strong.

[Jating]

It can be possible that bitcoin may hit that bottom price. I remember the time when it touched down to $3k and many were really buy more bitcoin at that time enjoying their profits right now. But of course there should be a great movement of whales before that happens.

That is a different scenario, 2018's drop is simply because we are in a bearish market so obviously the price will really suffer and bleed. 2020's $3K'ish is also different, the pandemic scare really affected the whole financial market that time.

While other holders will be disappointed if this dump happens,  other find this as an opportunity to accumulate more. Institutions most likely will be glad to hold more bitcoins.  Although some predicted bitcoin to achieve $100k at it's peak but most likely the bullish market is still strong.

Definitely, when there is blood on the street, then we should buy because they are at a discount. As far as institutions are accumulating though, they are into bitcoin whatever price it is, because they see it as an instrument to hedge their assets.

[el kaka22]

I would say it wouldn't really be a big deal because bitcoin was 7k just the start of last year, that would mean we would have 2x from the start of 2020, people are missing those points. Sure you may have bought from anywhere above 15k and that would be something bad for you in the short term, but in reality we are talking about people who didn't buy at high prices, the ones who did are usually whales and some small investors who did would be hurt for short term but would be fine long term. Like I said before, even if you bought at 20k from 2017, you would in big profit now.

So do not worry, 15k is not the boogie man, it is just a regular price, it would be a decent price too, and next time we go up, we would need to go up a lot less to reach peak levels this time around. Also I still think we would be probably 20k+ even after a crash happens if it happens.

[DustyRah]

If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?

If it drops to $15,000 or not, PayPal and Square and all others will continue to load up. The institutions have a single goal. To acquire as much of Bitcoin. There is no going back now!

Grab on to whatever you can, its going to be a bumpy ride up!

[thecodebear]

Literally no chance of it dropping to $15k. If we look at 2017, serious corrections during that bull run were around 40% (and that was with panic selling retail investors driving the bull run which is very different than today), it just hit $40k so a 40% correction would be $24k. Institutions would eat up every sell order on the books if they could get their hands on $25k Bitcoin again. A drop below $30k is still in the realm of possibility this month I'd say, though unlikely. We just saw a drop to $36k that looks like that was the best sellers could do as its already bought back up to $39k - likely just one more quick bear trap in the series of bear traps the past few months before pushing higher. By next month sub-$30k is gone for good, let alone $15k haha.

Institutions are dramatically raising the floor of the Bitcoin market by finally starting to step in the past few months. It no longer makes sense to talk about prices at or below the 2017 peak. The 2017 peak was tiny compared to the market that is forming now. In a few months we'll be wondering if the price could ever go below $50k again. Honestly, 5 digit BTC prices are not long for this world. Five digit prices will probably be like two digit prices were back in the day: briefly hit them, them went below for a long while, then tore through them straight to three digit prices and only came back for a revisit for a short time before leaving them for good. That seems likely to play out for five digit prices over the next 12 to 18 months - we'll hit six digits this year, probably see a correction for a few months back to five digits, and then leave it behind forever as Bitcoin matures at the six digit level for numerous years before we finally reach that $1 million MOON.

[coinbiz]

Most people who think it "won't ever touch $15k again" haven't been around since the early days.  Every bull run so far has been followed by a bear market decline of a minimum of 80%

Don't be over-confident.  What goes up must come down.  The positive though is that the bear market declines are getting less severe over time, and the price is stabilizing as it goes higher.  

The last bear market was a crash of nearly 85%.  Many alt coins crashed 99% lol.  

Reality check - the US economy is at an all-time high and stocks are increasing despite record unemployment and many other indicators of poor recovery outlook.  

Bitcoin is rising due to Tether (China capital outflow) and stimulus pumping companies.  As 'wallstreet' becomes more intertwined with bitcoin, the price correlates more closely with US economic indicators.  

What happens if the US economy tanks?

My prediction is that those institutions that bought have agreed upon stop loss points where their investors will not tolerate any further losses.  Those kinds of selloffs will easily cause a bear market decline of 70-80%.  

I enjoy every couple years a bunch of overly optimistic people come here saying "it's never going as low as $$$" and then a couple years later a bunch of overly pessimistic people say "it's never going as high as $$$... bitcoin is done" lol.  It's a cycle.  Just search this forum in 2018 and look at the pessimism.  When the prices are low, people lose faith.  When the prices are high people lose sight/IQ.

Ride the waves, but just know it goes in both directions.  Don't get caught up in the hype train or the doom gloom.  Ultimately we will go to $1mil, maybe not in my lifetime, but who knows.