Abolute bottom of Bitcoin?

[dothebeats]

We have seen crashes and bear markets plunging bitcoin to -80% of the ATH, so it might not be entirely different compared to the previous tops and bottoms. $15k would be, IMO, the absolute bottom this current term can get if we are to base it on previous price performance. Of course, it can go several ways so there is no certainty as to what the absolute bottom of this current term is—and we haven't even explored the highest it can get as there are still a lot of upside potential for btc albeit being stuck in $50k - $60k for weeks.

[1714853156]

1714853156

[Welsh]

Theoretically, the bottom is $0. However, the likelihood of that happening now is very small. However, considering this is the speculation section, I would say we could potentially return to below 10,000. However, that doesn't mean the currency is done or dead by any means.

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?

Despite what many people say, Bitcoin's success is judged based on its current exchange rate. That is just something we have to accept. Of course, Bitcoin is successful in many other factors, for example its proved that we don't need to rely on the banking system, and you safely, and effectively manage your own worth. Its also proved that you can have a system that people use all around the world, while still remaining decentralized. Its also proven that there are alternatives to the capitalist world we live in.

So, for many Bitcoin users particularly the ones which believe in the technology, rather than the ones that get hung up on the price Bitcoin has, and will always be successful for building the foundation that is has. However, in the eyes of the general population, and news sources the current value is the only thing that matters when talking about Bitcoin.

[Fatunad]

We have seen crashes and bear markets plunging bitcoin to -80% of the ATH, so it might not be entirely different compared to the previous tops and bottoms. $15k would be, IMO, the absolute bottom this current term can get if we are to base it on previous price performance. Of course, it can go several ways so there is no certainty as to what the absolute bottom of this current term is—and we haven't even explored the highest it can get as there are still a lot of upside potential for btc albeit being stuck in $50k - $60k for weeks.

It cant really be precise and no one could ever predict on how far we would able to go down this is why its always been a hard question in regards to this where is the bottom or what price is the peak.
The best thing to be done is to play on moving prices for your own advantage, yeah it might sounds risky but its very rewarding if you done it right and this will be varying on someones
skills and knowledge when they do trade and we know that not all people would really be similar into that manner.

[plr]

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 would not bet, there's really no one can tell on the bottom five years from now, the market is very dynamic and no one here is a good fortune teller to tell the price, not even a good speculator or trader can do that, we can only have a hint or insight for a few months, even the dip of the market is unpredictable.

[teosanru]

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 hope you are saying 30K and not 30.00$ because if it's 30 dollars either you are insane to even think that low. Bitcoin has changed too much from what it was 5-6 years ago. Only way it can go this low is if we found some vulnerability or problem in it's blockchain otherwise no reason that it would go so low ever. I think one should rather think of upwards. Yes, it's okay if you have to take an entry again for the price pump but if it goes to 30$ it's definitely never coming up again. 30K on the other hand seems to me as a good bottom. I think the bull run has actually ended and we are just trading around sideways finding the next bottom and 38k could be the first bottom after which btc might hover around this area for a year again.

[Wind_FURY]

OP, absolute bottom? It was ZERO. Hahaha. It’s not going back there again, but if you want the “absolute bottom” for the next bear cycle, we don’t know. Why? Because we don’t know the “absolute peak” for the current bull cycle. Bitcoin has just finished maybe HALF of the current bull cycle.



If peak is $500,000, absolute bottom would be double your absolute bottom.

[YuginKadoya]

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 don't want to speculate on the bottom of Bitcoin but if Bitcoin would keep on dipping it is OK so buy more, but I think this is just a correction or whales are doing it again, well let's not get negative on this dip because many holders really know what to do in this kind of situation, buy on the dip and sell on the rise of the value,

But if this is because of the weak hand that is selling then let's just be OK with it and buy more let's look at this dip as a chance to buy more.

[Kittygalore]

We have seen crashes and bear markets plunging bitcoin to -80% of the ATH, so it might not be entirely different compared to the previous tops and bottoms. $15k would be, IMO, the absolute bottom this current term can get if we are to base it on previous price performance. Of course, it can go several ways so there is no certainty as to what the absolute bottom of this current term is—and we haven't even explored the highest it can get as there are still a lot of upside potential for btc albeit being stuck in $50k - $60k for weeks.

Exactly, that's what I don't get with these people, getting scared that bitcoin is going down a double digit percentage and forgetting that the dip that bitcoin was the one they were wishing for back when it was still around the 4 digit prices. Absolute bottom in my opinion can only be confirmed after it has happened.

[rahmatrf331]

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 would rather say it is a cycle in which bitcoin will go up at a high level and return to spin at the lowest level.
who will be stuck at the very high price and who will be lucky to buy at the lowest price. because the concept of marketing in a business like that, if it keeps on rising, fear that no one can have it and it falls at the lowest level, because there are no more buyers.

[thecodebear]

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.

Failed forever???
You must have not seen a bear market before.


Anyway I think we're pretty much at the bottom now. I don't see a crypto winter coming, well maybe for all these pumped up useless altcoins, but not for Bitcoin. I think this is the case precisely because I believe Bitcoin has already been bottoming out the past 3 months, and will maybe continue to do so for another month or two. So I'd say $45k is roughly the absolute bottom, or maybe $40k just to be safe in case there is another massive round of FUD in the near future while Bitcoin is still low. I had another thread in which I said we'll never go under $50k again, basically it seems likely I was just about $5000 (or maybe $10,000) off in that statement.

All the Musk, energy, tether, bans, taxes, regulations, "bull market over", "bitcoin is old and slow", ponzi, bubble, pumping shitcoins, Grayscale, ethereum flippening, etc FUD in the world the past couple of months hasn't been able to drop the price below $45k, even while on-chain metrics say long term holders have been strong net sellers the past few months (though this just recently switched from negative to positive which of course is bullish and could signal Bitcoin will soon be coming off this $45k-$50k bottom). $40,000s seems to be the bottom unless the FUDsters and market manipulators can come up with something really extreme in the very near future.

[BrewMaster]

I would rather say it is a cycle in which bitcoin will go up at a high level and return to spin at the lowest level.

that would make bitcoin a pump and dump.
what happens is that bitcoin has rises that are sometimes followed by a correction. there are also times like this that people panic sell and drop the price lower than the bottom of the correction.
the thing you are referring to only happens in cases of gigantic bubbles like if price had reached $0.5 million.

[Lucius]

So I'd say $45k is roughly the absolute bottom, or maybe $40k just to be safe in case there is another massive round of FUD in the near future while Bitcoin is still low. I had another thread in which I said we'll never go under $50k again, basically it seems likely I was just about $5000 (or maybe $10,000) off in that statement.

It is very unreasonable for me personally to speculate about some absolute bottom at a time when one man with one of his posts knocks down the price by as much as $10 000 - and to say that the price can't go lower than $45k or maybe $40k is in the same category as your speculation proved inaccurate in just a few days. You also ignore the OP asking for a period of as much as 5 years, and no one can know what will happen in the next 5 days - the biggest FUD master can announce the news that he has sold $1.5 billion worth of BTC - and I don't see how that wouldn't result in breaking your absolute bottom.

[fullhdpixel]

We have seen crashes and bear markets plunging bitcoin to -80% of the ATH, so it might not be entirely different compared to the previous tops and bottoms. $15k would be, IMO, the absolute bottom this current term can get if we are to base it on previous price performance. Of course, it can go several ways so there is no certainty as to what the absolute bottom of this current term is—and we haven't even explored the highest it can get as there are still a lot of upside potential for btc albeit being stuck in $50k - $60k for weeks.

Exactly, that's what I don't get with these people, getting scared that bitcoin is going down a double digit percentage and forgetting that the dip that bitcoin was the one they were wishing for back when it was still around the 4 digit prices. Absolute bottom in my opinion can only be confirmed after it has happened.

Absolutely bottom could happen eventually, however we are forgetting that we are above the prices we will never see again anyway, we just don't know about it. Like for example it has been nearly over 4 years since we were under 3k dollars, which means we haven't seen anything under 3k for a while but we didn't know about it when we first went over it.

So, maybe right now we have something like that again, or maybe we do not who knows. Last year in march of 2020 we have reached under 4k again for the last time, after that we have never seen that, and for a looong time now we haven't seen under 5k or 6k or even 10k dollars, I can keep going but it stops at around 20k because thats like just 8 months ago or so. It means maaaybe we reached the previous bottom and will never see that again but nobody realizes that, it is a very valuable and optimistic information.

[South Park]

We have seen crashes and bear markets plunging bitcoin to -80% of the ATH, so it might not be entirely different compared to the previous tops and bottoms. $15k would be, IMO, the absolute bottom this current term can get if we are to base it on previous price performance. Of course, it can go several ways so there is no certainty as to what the absolute bottom of this current term is—and we haven't even explored the highest it can get as there are still a lot of upside potential for btc albeit being stuck in $50k - $60k for weeks.

The reason why that is a price that we will not see is that this bull market behaved completely different than the one we saw in the past, when we reached 20k during the bull run of 2017 we only stayed close to that price for a few days, while this time around we stayed close to the ATH of this bull run for weeks, this tells me this was not the top and if it was then the crash is not going to be as bad as the one we saw back then.

[ancafe]

I just hope that this is the basis. however, current prices have fallen too far. In addition, bitcoin price ranges are still hovering at $ 43k to $ 45k. I expect $ 42k to be the lowest drop this month. other than that, I'd really like to see another $ 50k price at the end of this month. Well, I hold on to it, and try not to panic selling.

[proudhon]

I just hope that this is the basis. however, current prices have fallen too far. In addition, bitcoin price ranges are still hovering at $ 43k to $ 45k. I expect $ 42k to be the lowest drop this month. other than that, I'd really like to see another $ 50k price at the end of this month. Well, I hold on to it, and try not to panic selling.

Will be below $42k by the end of the week. Will never be above $50k for a sustained period again.

[Oasisman]

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.

5 years is such a long way to determine the bottom. The market are currently showing bearishness, we might be seeing the bottom this year or next. And I'm afraid $30,000 would be a little higher expectations. If Bitcoin falls below that, that means a good buying opportunity.
Remember, Bitcoin has never failed when it falls down to $3,000 after the almost $20,000 ATH in 2017.

[btc78]

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.

Just 1 week passed and the Bitcoin price already reached the 5 years bottom?  look at the price now https://coinmarketcap.com/currencies/bitcoin/

Bitcoin had drops to 30,000 level meaning the next 8k loss will fail your prediction.

I wonder that if another Big issue comes this week alone ? the value might drop down to 20,000 level and that's what i am waiting for lol.

To buy more and more from my USDT holding now because i was lucky to sell all my coins yesterday at 55k still.

[danherbias07]

Just 1 week passed and the Bitcoin price already reached the 5 years bottom?  look at the price now https://coinmarketcap.com/currencies/bitcoin/

Bitcoin had drops to 30,000 level meaning the next 8k loss will fail your prediction.

I wonder that if another Big issue comes this week alone ? the value might drop down to 20,000 level and that's what i am waiting for lol.

To buy more and more from my USDT holding now because i was lucky to sell all my coins yesterday at 55k still.

It was in the news that Chinese regulators are trying to completely stop the use of cryptocurrencies.
There is no other reason behind it except for the divided investment in different cryptocurrencies that are popping out.
Memecoins, shitcoins, animal coins and a lot more without even a product to back up their projects.

Its expected and we have seen this before. An altcoin hype comes in and then someone throws a bad news about Bitcoin.
Value falls but it will likely go back in a few months or so. I'd be careful getting dragged by all this FUD's.

[Kittygalore]

~

Absolutely bottom could happen eventually, however we are forgetting that we are above the prices we will never see again anyway, we just don't know about it. Like for example it has been nearly over 4 years since we were under 3k dollars, which means we haven't seen anything under 3k for a while but we didn't know about it when we first went over it.

So, maybe right now we have something like that again, or maybe we do not who knows. Last year in march of 2020 we have reached under 4k again for the last time, after that we have never seen that, and for a looong time now we haven't seen under 5k or 6k or even 10k dollars, I can keep going but it stops at around 20k because thats like just 8 months ago or so. It means maaaybe we reached the previous bottom and will never see that again but nobody realizes that, it is a very valuable and optimistic information.

Well it can happen but we don't know what is the absolute bottom of bitcoin, that's why I said in my previous post that it can only be identified after the fact had happened. No matter what happens we just have to be ready what happens next.