Abolute bottom of Bitcoin?

[Mankov]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

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[livingfree]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

Why think negatively? instead of thinking how deep it could be, let's think the positive of how high bitcoin will be after 5 years. Well, I've just realized that there's still a good thing with your question of how much would be the highest low by that time.

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

The halving is about to happen within the next 3 years and I'm assuming that we'll never see $30k as the lowest by that time IMHO.

[carlfebz2]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

You arent different into those people who had been saying on bitcoin would to below 10k or going below back to $0 or does simply tells about bitcoins failure.

Why you people are really minding off much about absolute bottom? This had been a question since the beginning of this market because price is way too unpredictable

Therefore, its a bit no point on keeping yourself finding the bottom and just wait for that moment if you can eventually deal with the price on possible support bottom price
which you can make out some buyback and then sell later on if it hits the target in terms of gains.

[hatshepsut93]

If we're in bear market now, the bottom would be at around $20k. It wouldn't make any sense to return to $10k or lower, that would mean that all the recent adoptions were for nothing. If the bull market will resume, obviously the bottom will be higher. Generally Bitcoin goes through 80% correction from the top of the bull market to its bottom, but if this time the top won't be sky high compared to the start, then maybe this correction will also not be so dramatic, maybe 50-60%.

[Hippocrypto]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

This is an interesting predictions that would exist for the future of bitcoin, and we can't even say an exact figure because of volatile market that kept happening every now and then. As I've seen the recent market, it has touched below $50k again but the resistance is trying to make it harder to go down easily. It's too difficult, because most holders tried to prevent themselves from having weak hands and they still trusted bitcoin to soar for another ATH this year.

[TravelMug]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

5 years? That's a long time mate, really hard to see what could be the bottom.

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

To find the bottom we need to see what will be the absolute ceiling price, 6 digits? Then I wouldn't say that $30,000 will be the floor price here. And I don't think that bitcoin will fair 'forever', it has existed for the last 10 years and will continue. We might not see the last bitcoin being mine, but for the next 3 halvings, we might see the top price.

[Fundamentals Of]

How do you measure Bitcoin's success? Only through its price value?

What if in 5 years' time Bitcoin is only $20,000 but majority of ordinary markets, stores, restaurants, spas, pubs, barbershops, etc where people go every single day are already accepting it as payment? Or what if Bitcoin has gone down to $10,000 and yet 90% of the world's population is already using it? Or what if Bitcoin has already lost all fiat value because fiat has gone worthless and Bitcoin is only measured in terms of satoshis? Are we to declare Bitcoin as failure?

[Ararbermas]

Don't make too much expectation for this downfall mate because it can't help.. And honestly seems your just like those who's spreading fools prediction or a FUD despite of the declined ,, why not make a technical analysis first before doing this? Because for sure it will change the point of view that you have right now.
Indeed bitcoin is a very strong asset in this crypto world so how come it will end up like this especially after all the massive improvements? this is just a temporary situation like what always happen mate..

[Lorence.xD]

Don't make too much expectation for this downfall mate because it can't help.. And honestly seems your just like those who's spreading fools prediction or a FUD despite of the declined ,, why not make a technical analysis first before doing this?

That's what I want to say too, I think that they are making a big deal out of it not knowing that the more we talk about it, the more we are going to see it go down. Not to mention that Elon didn't dump Tesla's bitcoin, they just suspended bitcoin payments.

[mk4]

Concerning bitcoin's price, one thing's for sure — most people end up getting totally surprised with how bitcoin performs(regardless if downwards or upwards). Hence why there's a reason that the DCA strategy is one of the most recommended buying strategies, and NOT timing buys/sells.

[bitterguy28]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

Always remember that there is incident that can make the market shaken like what we have last year.

- PANDEMIC or other related situation that can make market value very bad.

[GreatArkansas]

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

For me, the best scenario is we will not able to see the lowest price reached of Bitcoin from the last bear run, which is below $4,000.
In short, the 90% correction from the previous all-time-high of around $60,000 is now impossible for me. The market is now different from previous years, volume is different now, adoption is different now.

[Taskford]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

There's no exact bottom we can assume since it always depend on situation. Maybe we cannot see more deeper on what you though since many are waiting to accumulate at the dip and that could possibly be a support for bitcoin to not go more lower.

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

That's decent prediction and this figure is what I think the deep we might possibly reach. But if price will go more it doesn't mean that bitcoin will fail forever since we see more worse than that and bitcoin recovers from huge disaster.

[Kong Hey Pakboy]

How would you know that if it falls lower than 30k that it is going to fail forever? Do you have any evidences or facts to support the idea that it will fail when it goes lower than what you expected to be the lowest bar? I don't think that we will know what's going to be the absolute bottom of the prices until we arrive to that point.

[pilosopotasyo]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

Are you late in buying, or failed to take the opportunity to buy Bitcoin at $5000 last year, the whole community is talking about all-time highs and lowest dip this year, very few people talk about the lowest dip next year or even the next five years, it's very hard to predict what's going to happen next year, much more for the next five years, we'll just take anything that's coming.

[Botnake]

I guess $15k.. actually, we will never know and we don't know if bitcoin has already reached its ATH as it's possible it will again pump and make a  new ATH. All we can do now is carefully observed the market, once it falls and it will result in a bear market, then eventually we will see how people will panic which would result in a very low price.

If we will base in the past bull run, we could reach $10k when the bear season comes IMO.

[el kaka22]

I believe at this point we are not going to go under 20k that I can say, maybe it will not go under 30k too who knows but I am pretty sure it will not go under 20k and that is the absolutely bottom for me. It means if bitcoin price ever drops to anything under 25k and above 20k, I will probably use every single thing I own, sell them and then buy bitcoin.

I know that is against rule number one of investment; do not put money you can't afford to lose, however I am so certain that if it becomes anything between 20k-25k levels that would actually be something I would be more than happy to risk, I know that it could go 50k+ again and that means if I buy at anywhere under 25k I will make more than 2x profit from it. Combine with the fact that everything I own worths a decent amount and the x2+ of that worths even a lot more, that would make my life very easy.

[Raflesia]

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

For me, the best scenario is we will not able to see the lowest price reached of Bitcoin from the last bear run, which is below $4,000.
In short, the 90% correction from the previous all-time-high of around $60,000 is now impossible for me. The market is now different from previous years, volume is different now, adoption is different now.

We don't know what will happen in the future, bitcoin is actually moving faster and we never thought it would be that low when it reached a higher ATH and each adoption could certainly affect other things where bitcoin could last a long time.
Large enough market capitalists with a few institutions can also influence more quickly so I don't think it will be lower what many people expect.
In the next 5 years the development will be faster and this will make it even faster.

[BrewMaster]

the absolute bottom is as it has always been at $0.

the bottom of the short term dips is only predictable if we are in a bear market and the price is moving in an expected direction (down). in which case there are some technical analysis that can help.
other times when we are in a bull market and there is a dip there is no way to predict what the bottom of it is going to be. the size of them are usually between 10% to 40% and they can last between a couple of days up to 2 months.

[South Park]

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

I do not know, this is a difficult topic, 30k could be a bottom that is true but in that case the all time high will need to at least get to 120k before we see such a low price, however if the current all time high is as high as we are going to go then I will say that at most we will see 40k and that will be it, since I do not see bitcoin crashing that much when we have some institutional investors protecting bitcoin and buying every time there is a single dip on the price.