Can BTC go down to <$5k again now?

[Rana590]

Even though there is a possibility of anything to happen in Bitcoin, I think going to the price of 5k is not possible, at least not now or anytime soon.
There might be whales, but have you consider the percentages of retail investors. They might invest heavily like the whales but their tiny investments has great impact.

I'm also thinking that the price of Bitcoin won't go down that much right now.  Although the price of Bitcoin may go down a bit very soon but it will not reach the bottom like before.  Even if it decreases a little, the price will continue to rise again very soon.

[wheelz1200]

Given 'institutional' investors who are more prone to hold through dips and ignore the paper loss; is it actually possible for BTC to drop to sub $5k ever again now?

There was a really good diagram showing how the composition of BTC holdings has changed over the years, and it shows a marked shift away from big portfolios into lots of smaller wallets; i.e retail investors.

I get that a few bigger whales might hold and support certain prices, but surely the collective holding of retail investors would be enough to move the dial substantially?

March 20 was the last time it was at around that level and it hasn't gone to that since.

What was fundamentally different about that period of time to what it is now that would stop us returning to that price point? I'd appreciate any reliable information sources to back up any comments?

These threads come up all too often but the simple answer is yes.  A range of pretty much anything could happen.  When end of 2017 hit 20k everyone was saying no way it gets down to 3kish and well it did.  So can it go from 40k to 5k yeah why not.  If a bearish sentiment comes in and some of those large companies start liquidating their position on the way down it could fall rather quickly.  Do I think it heads there personally no but to ask if it can....its bitcoin anything is possible

[South Park]

Given 'institutional' investors who are more prone to hold through dips and ignore the paper loss; is it actually possible for BTC to drop to sub $5k ever again now?

There was a really good diagram showing how the composition of BTC holdings has changed over the years, and it shows a marked shift away from big portfolios into lots of smaller wallets; i.e retail investors.

I get that a few bigger whales might hold and support certain prices, but surely the collective holding of retail investors would be enough to move the dial substantially?

March 20 was the last time it was at around that level and it hasn't gone to that since.

What was fundamentally different about that period of time to what it is now that would stop us returning to that price point? I'd appreciate any reliable information sources to back up any comments?

It is widely known that what was different back then and it was the pandemic, while the pandemic began to make headlines during December if I remember correctly it did not began to affect the stock markets until the last days of February and it took some time for the panic to come this market but when it did the crash happened, this was a golden opportunity to buy bitcoin that under normal circumstances would not have presented itself and I hope that you took advantage of it.

[romero121]

Given 'institutional' investors who are more prone to hold through dips and ignore the paper loss; is it actually possible for BTC to drop to sub $5k ever again now?

There was a really good diagram showing how the composition of BTC holdings has changed over the years, and it shows a marked shift away from big portfolios into lots of smaller wallets; i.e retail investors.

I get that a few bigger whales might hold and support certain prices, but surely the collective holding of retail investors would be enough to move the dial substantially?

March 20 was the last time it was at around that level and it hasn't gone to that since.

What was fundamentally different about that period of time to what it is now that would stop us returning to that price point? I'd appreciate any reliable information sources to back up any comments?

These threads come up all too often but the simple answer is yes.  A range of pretty much anything could happen.  When end of 2017 hit 20k everyone was saying no way it gets down to 3kish and well it did.  So can it go from 40k to 5k yeah why not.  If a bearish sentiment comes in and some of those large companies start liquidating their position on the way down it could fall rather quickly.  Do I think it heads there personally no but to ask if it can....its bitcoin anything is possible

Anything is possible with bitcoin, by the time it is must to think about the previous bull market and the present one. It has got lots and lots of variation. Based on those factors there is very small chance of price to fall low to $5000. The previous bull market was something like a wave, and this time we experience a well stabilized market growth.

[jjdub7]

After watching how stable Bitcoin is after the whole FUD & Indian Ban proposal, I'm convinced that we will never see it under 5$k again. I'm surprised that even the negative news, Bitcoin gained another 10% in the past two days!

[Farma]

in the crypto world it could happen, but right now it is very difficult to happen, even I think that it will not happen in a vulnerable few years. To be honest, right now I'm really waiting for the price to drop below $ 10k, however, it looks like the price is continuing to strengthen. however, expect the price to be under $ 5k, I think you might get old and still expect it.

[MuffinMaster]

While anything can happen in the cryptocurrency market, at this point, Bitcoin's price drop to $5k is definitely impossible. However, I do not exclude such a scenario in a few years, because technology is moving forward and eventually someone can come up with something better - I think that only in such a situation so hard price drop will be possible.

[xSkylarx]

It's too impossible to go below that price. It would be almost 90% correction at that price and for sure many would be loading their bags if that really happens. Many financial institutions now already invested in bitcoin, it would be a big loss for them if it goes that low. I don't know why people always think like this, when bitcoin breaks ATH we ask how low it can go, and when it's bear season we ask when will be the ATH again.

[Pamadar]

While anything can happen in the cryptocurrency market, at this point, Bitcoin's price drop to $5k is definitely impossible. However, I do not exclude such a scenario in a few years, because technology is moving forward and eventually someone can come up with something better - I think that only in such a situation so hard price drop will be possible.

if another system like this will shows up and investors hype it up.

The chance that traders interest might be diverted, knowing the nature of this business, the quicker the value to rise high also same thing that may happened when downfall comes up, no wonder if trend brings the value down to this level. There's no certainty as this venue of investment still volatile.

[khimer_rangers]

anything can happen in the crypto space but getting down to $ 5000 in my opinion is quite difficult,I wouldn't believe it if bitcoin fell at such a low price. yes it will definitely go down but maybe in the $ 20000 range.

[hahay]

If you compare this with the market collapse which went back to 5k in last March because basically the bitcoin price is only moving in the 8k-9k range, so when the market collapses then of course to go back to 5k at that time is very possible. But if we talk about today even the price of bitcoin continues to strengthen, I'm not sure the collapse of bitcoin price will return to the 5k level and it seems like an impossible thing for now. Even though a big correction is happening for some reason maybe someday, I really believe the bitcoin price will still at least stay at the 20k level and above, because the cryptocurrency market will always have support to keep getting stronger and not about losing value.

[Karartma1]

The bitcoin ecosystem is way too mature to crush the price down that bad. If all the relevant bitcoin performance metrics keep staying healthy and keep rising I don't think we will ever see 5K ever again. Also, never forget how big the bitcoin business industry is: if we are here today it's thanks to all those who contributed in the last 12 years. This is the main reason I keep suggesting all my noob friends to never consider altcoin and start accumulating bitcoin only.
I wish it would go back to 5K to buy more, but that is useless wishful thinking

[sana54210]

While anything can happen in the cryptocurrency market, at this point, Bitcoin's price drop to $5k is definitely impossible. However, I do not exclude such a scenario in a few years, because technology is moving forward and eventually someone can come up with something better - I think that only in such a situation so hard price drop will be possible.

Anything can not happen in crypto, that is what bears want you to believe, in fact that is what bull wants you to believe as well. For example, bitcoin can't be 10 million dollars per coin, you want to know why?

Because in order for bitcoin to go up we need cash going in, you can't buy bitcoin with money you do not have, there is no taking out bitcoin loans from banks, there is only cash for btc and there isn't enough cash in the world to make it 10 million dollars. Same logic applies to bitcoin going down, it can't go down forever, because there are buyers that would prevent that, the amount of "buy orders" we have prevents price to go down under 3k and I believe with these new increases it may have gone over 5k now as well.

[South Park]

After watching how stable Bitcoin is after the whole FUD & Indian Ban proposal, I'm convinced that we will never see it under 5$k again. I'm surprised that even the negative news, Bitcoin gained another 10% in the past two days!

Things have changed dramatically during the last year, years ago such FUD could have been enough to manipulate the markets but now that institutional investors are in do you think they are going to be so easily scared? Of course not, they do not care what the government of India does, they do not live there and most likely have no plans to move their coins there so they are completely unaffected by it an as long as that is the case the price will not go down.

[hornetsnest]

If you want to kill Bitcoin just coat it with syrup and this gentleman will do the rest 

[peter0425]

I get that a few bigger whales might hold and support certain prices, but surely the collective holding of retail investors would be enough to move the dial substantially?

Tell me Why would Bigger whale support the Holding in certain price? I think what make the price strong now is that Real investors are inside and not just Typical Pump and Dump whales.

March 20 was the last time it was at around that level and it hasn't gone to that since.

Almost breaking the 60k again yesterday and until now the attempt is continuing .

What was fundamentally different about that period of time to what it is now that would stop us returning to that price point? I'd appreciate any reliable information sources to back up any comments?

because there is no pandemic that comes again this year. The only thing that make the price fell down t0 4k last year is about the Corona Virus , but come to think of it now?
do you think there will be another like that?

[jonval21]

The bitcoin ecosystem is way too mature to crush the price down that bad. If all the relevant bitcoin performance metrics keep staying healthy and keep rising I don't think we will ever see 5K ever again. Also, never forget how big the bitcoin business industry is: if we are here today it's thanks to all those who contributed in the last 12 years. This is the main reason I keep suggesting all my noob friends to never consider altcoin and start accumulating bitcoin only.
I wish it would go back to 5K to buy more, but that is useless wishful thinking

I also think that it is useless, and at the moment it is impossible according to how the investment of celebrities and institutions have done it, some think that it is time for the bearish trend to come but it is very difficult, also less than $5k would create chaos total especially for investors like Paypal and Elon Musk who have put a fortune in the market where they could feed the world for about 5 years.

[Banprox]

I don't think that bitcoin price will decrease as much as you tell. Because this coin is now in good position and much potential. Everybody wants to buy and hold it. Bitcoin price can decrease but not get down to $5k. This is quite impossible.

[Zemomtum]

That will be in another world and not this present one. Institutions and the richest men and women in the world are jumping in, they will definitely protect the capital and seeing BTC going down to 5k will be only achievable through a night dream.

[fillippone]

Hey.
You guys are still debating this stupid question?
I answered this thread on page 4:
https://bitcointalk.org/index.php?topic=5308694.msg56136676#msg56136676

And in the meantime the reasons why I explained why Bitcoin not only ill never get back to 5K, but also would have a floor at 14,000 have now raised the floor at 20,000.

How long shall we debate this non-sense?