Will bitcoin go below $40,000

[Stedsm]

But on the other note, not even a week the OP posted this thread and we are really back at $57k+. Which can possibly go to 60k again. For those who bought at 47k, you are now gaining profits not even a week of holding. The support is really strong above 50k. Are we seeing that the adoption nowadays is really different from previous years?

It's not 50k but 47k itself that holds a lot of volume which couldn't be broken, else you'd have seen BTC even under $43k but that didn't happen as bulls took over. Yes the type of adoption we are seeing through institutional investors is based on making financial gains and not to make use of it at all. They're just keeping their coins in different wallets as their wallets are their current bank accounts, and even such accounts are expected to deliver them huge gains.

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[fadhilz123]

Look at the price now, Bitcoin easy to recover, right?
If you think the price of Bitcoin drop massively, the best option should do is a buyback, if keep dipping so buyback again. Because sooner or later will recover. Bitcoin is the safest and profitable investment ever, so don't miss the dip price

[Jating]

Look at the price now, Bitcoin easy to recover, right?

Yea. But we need to get over $60k this month.

If you think the price of Bitcoin drop massively, the best option should do is a buyback, if keep dipping so buyback again. Because sooner or later will recover. Bitcoin is the safest and profitable investment ever, so don't miss the dip price

Timing is the key here, of course the price can go down anything, but we should complain about it. On the contrary, as you have said, we need to buy because it is at a discount. And for sure there are smart investors who are doing this. However, for newbies, they have to go to this sort of experiences and be tough mentally and not to complain about the price going down.

[Ziskinberg]

Timing is the key here, of course the price can go down anything, but we should complain about it. On the contrary, as you have said, we need to buy because it is at a discount. And for sure there are smart investors who are doing this. However, for newbies, they have to go to this sort of experiences and be tough mentally and not to complain about the price going down.

It's very easy for smart investors to accept any market situation as they always have a plan for that.
When the price dump, they'll accumulate, when the price pump, they'll sell.

They have been following this simple strategy and all they need is just the market to stay volatile so trading will remain profitable for them.
As of now, the market is still highly volatile, bitcoin could dump/pump 10% in any day, and that would result in a big 10% profit from smart traders.

[STT]

I think BTC will still go below 40k though many might disagree with me on the basis of the current trend.  There are always multiple time lines to trends with the greatest strength existing over the longest time periods, its also true the largest section of Bitcoin trend is represented at far lower prices including below 40k.  Its not that I know we go back down especially, not until we break in some way but Im fairly sure we return to a mean price and no market ever stays at purely the frothy top prices pushing upwards always.

  We will test lower, take the 200 day average as fair game.  Draw a line sideways at that point and we get 38k or so, this is only the prices existing at the year start and is in no way especially harsh in the wider picture so I think its a fair scenario to have listed as possible.

[Twinscoin2017]

Looks like we are again going for a dive, look at the price now.



Today, the price is below $50,000 and it's dropping big time, my question, with this movement, will we see a bitcoin price below $40,000?

I think still it will go below 40k$ but maybe in the next years we are still at the bull trend and i think it will take a long time for bitcoin to fall below 40k$ base on the bull market status, i see that bitcoin dump a little and then it recover again in again. So i think there's no need to worry about the price in fact it is a great opportunity to buy and hold to gain more profit if ever it will go down below 40k$.

[bitterguy28]

Looks like we are again going for a dive, look at the price now.



Today, the price is below $50,000 and it's dropping big time, my question, with this movement, will we see a bitcoin price below $40,000?

Actually if there is someone that will be very glad if this happen? that was Me lol because i have sold Half of my Bitcoin recently and now waiting for re investing .

Atleast 40k below is much better for me.

Look at the price now, Bitcoin easy to recover, right?
If you think the price of Bitcoin drop massively, the best option should do is a buyback, if keep dipping so buyback again. Because sooner or later will recover. Bitcoin is the safest and profitable investment ever, so don't miss the dip price

easy recovering but  easily dumping also.

[traderethereum]

Looks like we are again going for a dive, look at the price now.



Today, the price is below $50,000 and it's dropping big time, my question, with this movement, will we see a bitcoin price below $40,000?

I think still it will go below 40k$ but maybe in the next years we are still at the bull trend and i think it will take a long time for bitcoin to fall below 40k$ base on the bull market status, i see that bitcoin dump a little and then it recover again in again. So i think there's no need to worry about the price in fact it is a great opportunity to buy and hold to gain more profit if ever it will go down below 40k$.

That is just a prediction or speculating that saying bitcoin will go below $40k, but we do not have to worry about that because there is no right sign that will know for sure.
I am not expecting the price will go down below $40k in this near because the trend still goes up, although the price makes another correction again.
Hopefully, the price can be like this to make the altcoin get its time to increase and have the altcoin season.
Bitcoin price will always fluctuate and even if we do not know the time for the price to make a correction, we should always prepare so we can use the time to buy more bitcoin.

[sarmrakib]

Looks like we are again going for a dive, look at the price now.



Today, the price is below $50,000 and it's dropping big time, my question, with this movement, will we see a bitcoin price below $40,000?

It has corrected much. I think you didn't notice at tge recent market its still up and over 55 k$ and going forward. However i think there is no chance recently to get a downtrend and fall down on 40k$. Surely it is a great mometum on the market and it will keep untill the year end i think.

[rhodelmabanal]

Looks like we are again going for a dive, look at the price now.



Today, the price is below $50,000 and it's dropping big time, my question, with this movement, will we see a bitcoin price below $40,000?

It has corrected much. I think you didn't notice at tge recent market its still up and over 55 k$ and going forward. However i think there is no chance recently to get a downtrend and fall down on 40k$. Surely it is a great mometum on the market and it will keep untill the year end i think.

Bitcoin is now slowly rising back to 49k$ so we still far away from the downtrend, small correction and it is now ending we are now in a rising status maybe bitcoin will be back to 57k$ next week, my speculation is that bitcoin will rise up to 100k$ this year that is why i will hold until such time that it will reach the limit.

[Yaunfitda]

And so cycle repeats again, last time I check the price is on the $49k mark.

So this month is not really good for us, we all thought that the price can't go down below $50k and yet here we are in the middle of the week. In any case though, all crypto are down as well not just BTC so it's a sign that there is something going on behind, so let's take advantage of the situation again, price is cheap and at a discount, so if you are a investor, another great opportunity to enter.

[Andrews193]

And so cycle repeats again, last time I check the price is on the $49k mark.

So this month is not really good for us, we all thought that the price can't go down below $50k and yet here we are in the middle of the week. In any case though, all crypto are down as well not just BTC so it's a sign that there is something going on behind, so let's take advantage of the situation again, price is cheap and at a discount, so if you are a investor, another great opportunity to enter.

This is not the time to take advantage of this discount as the sea of blood has just begun to come upon us, choosing a discount to buy would probably be risky as the market could continue to break these discounts, creating a huge sell-off. Can't believe our king fell in a fairly short night, resistance has also faded, it is difficult to say when these losses will be corrected but hopefully a few short days will be enough to give bitcoin a new impetus, which is also the general psychology of investors right now.

[btc78]

Sad to see but bitcoin rice now drops 40k level   , Specifically 24h Low / 24h High   
$46,980.02 /$56,908.96

Looking at the movement there is a possibilities that this will level in below 40k in the next days.

i hate to say this but be ready for the Bearish market this following days .. and will return climbing in the next month ot next Quarter.

[Saisher]

Sad to see but bitcoin rice now drops 40k level   , Specifically 24h Low / 24h High   
$46,980.02 /$56,908.96

Looking at the movement there is a possibilities that this will level in below 40k in the next days.

i hate to say this but be ready for the Bearish market this following days .. and will return climbing in the next month ot next Quarter.

I think it has something to do with Elon Musk's announcement that he will stop using Bitcoin on his Tesla company, that's a huge drop but I can't imagine that Bitcoin will go on the $40k level again, the market is very speculative just one bad news and the market will have a change of direction in an hour, I'm hoping that there will be good news to get the price back on it's feet.

[ultrloa]

Sad to see but bitcoin rice now drops 40k level   , Specifically 24h Low / 24h High   
$46,980.02 /$56,908.96

Looking at the movement there is a possibilities that this will level in below 40k in the next days.

i hate to say this but be ready for the Bearish market this following days .. and will return climbing in the next month ot next Quarter.

I think it has something to do with Elon Musk's announcement that he will stop using Bitcoin on his Tesla company, that's a huge drop but I can't imagine that Bitcoin will go on the $40k level again, the market is very speculative just one bad news and the market will have a change of direction in an hour, I'm hoping that there will be good news to get the price back on it's feet.

Those tweets is little disturbance for the current strong movement of bitcoin and if those news made by Elon will slowly fade I'm sure bitcoin will bounce again, the current rate of bitcoin is pretty much decent and if you bough at he price earlier you are a lucky earners at this point. Maybe for now we can see a slow movement but I'm so so positive that in next few days we can feel the bull effect again.

[smyslov]

Those tweets is little disturbance for the current strong movement of bitcoin and if those news made by Elon will slowly fade I'm sure bitcoin will bounce again, the current rate of bitcoin is pretty much decent and if you bough at he price earlier you are a lucky earners at this point. Maybe for now we can see a slow movement but I'm so so positive that in next few days we can feel the bull effect again.

I hate Elon for doing this, he can support a coin like Dogecoin but he should not disregard Bitcoin, Dogecoin is a clone of Bitcoin he should support the mother of all Cryptocurrency, he should retain Bitcoin and just add other coins based on buyer's preference, anyway not many people are buying and going to buy Tesla, it will not harm in a long term.

[slapper]

Those tweets is little disturbance for the current strong movement of bitcoin and if those news made by Elon will slowly fade I'm sure bitcoin will bounce again, the current rate of bitcoin is pretty much decent and if you bough at he price earlier you are a lucky earners at this point. Maybe for now we can see a slow movement but I'm so so positive that in next few days we can feel the bull effect again.

I hate Elon for doing this, he can support a coin like Dogecoin but he should not disregard Bitcoin, Dogecoin is a clone of Bitcoin he should support the mother of all Cryptocurrency, he should retain Bitcoin and just add other coins based on buyer's preference, anyway not many people are buying and going to buy Tesla, it will not harm in a long term.

Many people have changed their mind cause of what Elon did. It is no doubt that he tried to manipulate bitcoin price with his fame. After this event, bitcoin might take a lot of time to recover, or maybe it will take 3-4 years which means another cycle

That is why we should not depend on anyone. I used to admire Elon but now, I do not know what to say. What a shame

[Reid]

Those tweets is little disturbance for the current strong movement of bitcoin and if those news made by Elon will slowly fade I'm sure bitcoin will bounce again, the current rate of bitcoin is pretty much decent and if you bough at he price earlier you are a lucky earners at this point. Maybe for now we can see a slow movement but I'm so so positive that in next few days we can feel the bull effect again.

I hate Elon for doing this, he can support a coin like Dogecoin but he should not disregard Bitcoin, Dogecoin is a clone of Bitcoin he should support the mother of all Cryptocurrency, he should retain Bitcoin and just add other coins based on buyer's preference, anyway not many people are buying and going to buy Tesla, it will not harm in a long term.

There's a better part over that. He bought Bitcoin and told the world about it. Then, he found a new one as if he could withdraw all that Bitcoin easily. 
Just because of the energy consumption Bitcoin takes. How foolish is that?
Does that mean he is really a fool behind all this creation of his. Is he just the face of Tesla?
He didn't even make an effort to research about Bitcoin first before putting money into it. Wow! I can't believe this guy.

He said he didn't dump his Bitcoin. Well, that I will believe. He won't have the guts to sell it just yet or he just can't.

[Ridwan Fauzi]

That is why we should not depend on anyone. I used to admire Elon but now, I do not know what to say. What a shame

This also applies to your investment strategy, that when have intention to spend our money for investing we have to be free from the dependence of others. You will not be disappointed to other people especially to Elon Musk if you choose bitcoin as your investment place just rely on your strategy. You are angry now just becauss bitcoin price fall right? It means you haven't sold your bitcoin.

It will be different if you have sold your bitcoin at the high price and you have got profit from then I believe you will be happy when you ses bitcoin price is decreasing a lot because you can buy bitcoin at the lower price. With or without Elon Musk bitcoin price will always has a high price, it is just the matter of time.

[LUCKMCFLY]

At the moment the market is below $ 50k, but I do not think it will go below $ 40k, although Elon Musk's tweet affected the price, I think this will be temporary, as Microestrategy has acted by buying 271BTC:

MicroStrategy, the Virginia-based business intelligence firm, has added another 271 Bitcoin (BTC) to its strategic reserves, underscoring CEO Michael Saylor’s growing conviction in the digital asset.

The purchases were made through May 13 for an average price of $55,387, Saylor disclosed on Thursday. MicroStrategy now has 91,850 BTC on its books for an average purchase price of $24,403.

Source: https://cointelegraph.com/news/bitcoin-whale-microstrategy-buys-additional-271-btc

Hopefully now BTC can take a good bullish turn, it is not that Elon Musk is the biggest Bitcoin whale, I think that now more than ever is where many will take advantage of buying cheaper btc. Weak hands always make things easier for the smart investor, in fact, this may be another of the strategies that Elon Musk may be doing for him to buy cheaper, you never know.