What is going on???

[aylabadia05]

(.....)

When you bought Bitcoin for $11,000 initially, you are currently in a profitable position.
What is happening now is an answer that the price of coins in the market can change at any time. But keep in mind that Bitcoin is a very good asset and there is no need to doubt the current state of its price. There will definitely be more improvements and it really depends on supply and demand.

Yeah, OP's target is $100,000 but OP is still far on it, still needs 50%.
I am not sure for OP if even Bitcoin will reach $100,000 is he/she will take profits or sell their Bitcoin that bought at $11,000? I don't think so.
OP must relax and calm down, avoid keep watching the price of Bitcoin from time to time if they are for the long term as $100,000 is a very huge target.

Right. The OP must be patient with the current Bitcoin market price situation. The current situation is very good for buying in order to increase the volume of Bitcoin in the portfolio. The current $29k Bitcoin price is not the lowest point, because it has happened before in the history of the $20k price even BTC has been at the $10k point.

[sklopan]

There is a market, nothing more. Hoping that the market will let you earn in any case is quite false, I advise you to be a realist.

[Quidat]

There is a market, nothing more. Hoping that the market will let you earn in any case is quite false, I advise you to be a realist.

Making yourself that too confident or being too optimistic will sometimes in result with more mistakes because you are hoping or anticipating that much which it would be much better if you do really
stick on being realistic and be mindful in regards with risk taking factor.This market specially on cryptospace isnt  something  that you could deal on it easily considering that volatility is really
too high and if you arent really that wise on making decisions and you arent that aware nor familiar on how this market works or moves then you would really be having those kind of reactions.

[Oceat]

There is a market, nothing more. Hoping that the market will let you earn in any case is quite false, I advise you to be a realist.

Making yourself that too confident or being too optimistic will sometimes in result with more mistakes because you are hoping or anticipating that much which it would be much better if you do really
stick on being realistic and be mindful in regards with risk taking factor.This market specially on cryptospace isnt  something  that you could deal on it easily considering that volatility is really
too high and if you arent really that wise on making decisions and you arent that aware nor familiar on how this market works or moves then you would really be having those kind of reactions.

I think someone doesn't know how the market works that's why they expect too much or I think someone tell them that it would pump to x price accordingly but didn't know that it's all because of the supply and demand that's why the price fluctuate. And if someone is by chance investing yet didn't know what is happening in the market then it's better for them to continue holding and keep track the market for like every week or month so that they could follow plus reading some information why the market is like this or that will help someone to understand.

[dezoel]

What is happening to you, you bought bitcoin at $11k and now bitcoin $30k means you made $19k for one bitcoin. So what more could you ask for?. Bitcoin hit $69k instead of $63k before dropping to $30k as it is now and this is normal for bitcoin. Bitcoin price is unpredictable and only time will give us the most accurate answer, if you are afraid you can sell your bitcoins and take the profit, if you believe in bitcoin then keep holding and wait for $100k target.

These people will never think that their profit is enough, they will always feel more greedy towards making unlimited amount of money. Plus I am sure that they didn't buy a whole bitcoin, someone who is looking for that much difference is 100% guaranteed made smaller investment and want to see it go to insane levels so that their money would be worth something.

Buying 11 dollars worth and have 30 bucks worth now and they want it to be 10 million dollars so they would have 10k dollars. That's the funny thing, people will not get rich overnight with bitcoin if they invest tiny amounts, and million still haven't understood that much about bitcoin.

[Sebas.tian]

If you understand the term volatility then you must be aware about the scenario what's happening and we have different cycle like bull or bearish trend which fluctuates the bitcoin prices.Some have invested at the top when it was around $69k so they have now gone down more than half but you on the other side have invested it at $11k and still in profit so what's bothering you? Nobody can predetermine the prices and it's according to market demand and supply so have basic knowledge of market.

I guess what is happening right now in the community is to allow those that missed the opportunity to purchase when the price dropped down to $40,000, to use this opportunity to purchase more and hold for the price to move higher before they can sell to make a huge amount of profits from the market. This bearish period is not for sell than to hold for the price to move from $28,000 to $60,000 which is the every long term investors wish to happen before the end of this month. Don't be panic with the current price because we are in bearish season.

[LogitechMouse]

~
What is going on???  Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

What is going on?
Some say we are in a bear market already and I think I will agree with them. Right now, assets are falling because of the current events. War, Inflation, Increased interest rates and the pandemic. These are some reasons why the market is down not only the crypto market but also the stock market.

Bitcoin to $100,000.
Many are expecting it to happen. It will happen I believe, and it's only a matter of when it will happen. We've seen Bitcoin went to prices we didn't expect so I believe that in a few years, Bitcoin will go up in value.

Bitcoin worth the investment?
If you want to involve yourself in crypto, Bitcoin is the first coin that you must buy. It is worth the investment only if you really want hold it and you can take those market volatilities that are happening like what is happening right now. If you can't take this and you are panicking right now then crypto isn't the right investment for you. Better focus on stock market maybe.

[horrifiedx1]

If you understand the term volatility then you must be aware about the scenario what's happening and we have different cycle like bull or bearish trend which fluctuates the bitcoin prices.Some have invested at the top when it was around $69k so they have now gone down more than half but you on the other side have invested it at $11k and still in profit so what's bothering you? Nobody can predetermine the prices and it's according to market demand and supply so have basic knowledge of market.

I guess what is happening right now in the community is to allow those that missed the opportunity to purchase when the price dropped down to $40,000, to use this opportunity to purchase more and hold for the price to move higher before they can sell to make a huge amount of profits from the market. This bearish period is not for sell than to hold for the price to move from $28,000 to $60,000 which is the every long term investors wish to happen before the end of this month. Don't be panic with the current price because we are in bearish season.

actually there is no problem with the OP, where in the current situation he still makes a profit when sold. The first thing to note is that crypto is a highly volatile asset, just like in 2017, where it went from $20k down to around $4k. and this frustrates a lot of people until they can finally make a new ath up to $63k. so we can take lessons from that journey. therefore make decisions based on personal analysis, so you don't experience doubts

[evichi]

The $63000 price means it is getting closer. Just as in previous years, market forces will continue to impact the price of Bitcoin. What is important to understand is that volatility is just part of Bitcoin. As people continue to BUY or SELL, so will the price continue to fluctuate. When more Bitcoins are sold, the price goes down. China government action against Bitcoin miners as well as Federal Reserve announcement of its biggest interest rate increase in over 20 years, are all part of activities affecting the price of Bitcoin. Despite all these, Bitcoin is growing in popularity and as more people adopt it, we expect its growth in value. IMO, the $100,000 is attainable, it is all a question of time.

[chichigirl]

When I purchased early on, the price for a btc was $11,000 . a few months ago, I can recall the price level
was $63,000 . I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180

What is going on???  Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

Bitcoin price as expected, it will go up or down because the price of Bitcoin and altcoins are not stable but still hoping for the better price of crypto.

[Falconer]

Right. The OP must be patient with the current Bitcoin market price situation. The current situation is very good for buying in order to increase the volume of Bitcoin in the portfolio. The current $29k Bitcoin price is not the lowest point, because it has happened before in the history of the $20k price even BTC has been at the $10k point.

Bitcoin once lost 85% of its ATH price in the last ATH period, that should be a valuable lesson to remember. $100K is an expectation that probably won't happen in the next 2 years because the reality is very different now. It's possible that $100K could happen in less than 5 years, but of course the price of bitcoin never down below $20K again.

OP, if you want to sell bitcoin for $100K then the only advice is: Hold your bitcoin for the long term. What's happening now isn't the worst in its history, so you don't have to worry.

[wxa7115]

What is happening to you, you bought bitcoin at $11k and now bitcoin $30k means you made $19k for one bitcoin. So what more could you ask for?. Bitcoin hit $69k instead of $63k before dropping to $30k as it is now and this is normal for bitcoin. Bitcoin price is unpredictable and only time will give us the most accurate answer, if you are afraid you can sell your bitcoins and take the profit, if you believe in bitcoin then keep holding and wait for $100k target.

These people will never think that their profit is enough, they will always feel more greedy towards making unlimited amount of money. Plus I am sure that they didn't buy a whole bitcoin, someone who is looking for that much difference is 100% guaranteed made smaller investment and want to see it go to insane levels so that their money would be worth something.

Buying 11 dollars worth and have 30 bucks worth now and they want it to be 10 million dollars so they would have 10k dollars. That's the funny thing, people will not get rich overnight with bitcoin if they invest tiny amounts, and million still haven't understood that much about bitcoin.

It is way more common to see this type of thinking when people are investing in altcoins as they think that such a coin has a higher probability of skyrocketing than bitcoin, it seems they do not understand that the chances that a coin collapses before it goes up is many times higher than the chance that it will skyrocket, but if they want to waste their money then that is their call.

However I do not understand why those which invest a small amount of money in bitcoin complain about its growth, if you obtained almost 200% your original investment that is money that you did not had before and that can only be a good thing, if they want for this amount of money to be bigger than what they got then they got no other option but to take the risk and invest even more money in bitcoin, which is a good idea since the price of bitcoin is very low at the moment.

[Argoo]

When I purchased early on, the price for a btc was $11,000 . a few months ago, I can recall the price level
was $63,000 . I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180

What is going on???  Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

If you buy bitcoin for 11k and then you see it went up to 63k even $69k if counting ATH. So what worries you is that it won't hit $100k in the future and it's not worth the investment. You should remember that no market goes up forever without falling, current volatility is a regular occurrence in financial markets in general.

Bitcoin will definitely hit the $100k, but no one can tell you when it will arrive, be patient and wait. It will definitely come.

Any predictions about whether and when bitcoin will hit $100,000 will remain only predictions based broadly on its previous price history. But what happened in the past will not necessarily be repeated in the future. Cryptocurrency is subject to so many risks and too many factors of our reality affect its price. Also, the attitude of the leading states towards it will continue to influence the cryptocurrency market, first of all. So far, the final attitude of states towards cryptocurrency has not been developed. Predictions in this regard are useless. Cryptocurrency is a completely new phenomenon in the financial sector and we are all here at our own peril and risk.

[coolcoinz]

there is a lot of pressure out there, war,  inflation, bad news about btc which makes bitcoin prices go down, but in my opinion inflation is the main factor that bitcoin is getting weaker where the need for money is increasing where commodity prices are skyrocketing

Inflation does not pressure BTC, it's actually great for it.
Your fiat money goes down in value very fast which means all other investments that inflate at a slower rate start looking much better.

It's actually what the governments and Wall Street do that makes Bitcoin trade lower. Traders don't care about bitcoin, they want to make money, so they borrow it, but now the government makes them pay extra fees. By increasing rates the governments put additional fee on people with loans, which makes them sell assets to cover this fee, or simply resign from their positions and use the money pay back their loans. This is what's happening with bitcoin. It's doing great, just that gamblers who play with borrowed money can no longer play. The big manipulators are defaulting.

[dlightag]

Bitcoin price is a gradual process which the price can go up or down at any point in time, where 1BTC = 1BTC nothing add or subtract, looking at the current price $29,200 is good to buy and hold for a long  run, as it predicted to reach $100,000 per bitcoin. Therefore noting is wrong with bitcoin price, the earlier the better you invest on Bitcoin.

[Jating]

Bitcoin price is a gradual process which the price can go up or down at any point in time, where 1BTC = 1BTC nothing add or subtract, looking at the current price $29,200 is good to buy and hold for a long  run, as it predicted to reach $100,000 per bitcoin. Therefore noting is wrong with bitcoin price, the earlier the better you invest on Bitcoin.

True, however, there are investors specially newbies who thinks that bitcoin price is always going up. So it's hard to imagine from almost $70k last November, to now below $29k and still going down. But the market is on a cycle, currently we have entered a bear market. And then prediction of $100k will have to wait till the next bull run, maybe in 2024-2025. So the best thing to do while waiting for it is to buy cheap bitcoin and then simply hold. Accumulate as much as you can in this bearish cycle.

[EdenHazard]

Bitcoin price is a gradual process which the price can go up or down at any point in time, where 1BTC = 1BTC nothing add or subtract, looking at the current price $29,200 is good to buy and hold for a long  run, as it predicted to reach $100,000 per bitcoin. Therefore noting is wrong with bitcoin price, the earlier the better you invest on Bitcoin.

You need a steel mentality especially if you keep looking at the bitcoin usd rates all day long .. every hour , every minute , every time clock ticking ... to see your initial investment went down to -90% or so in usd rates , but if you looking at the bitcoin rates then yeah inded you might see it 1 bitcoin remain equal to 1 bitcoin , we just havent found that standard.

We will see that standard applied in the future fir sure so you will not feel worry about the bitcoin rates anymore.

[STT]

Wars and other events have focused all attention back to the conventional forms of currency and value favored for a hundred years, this is peak FIAT price for USD in two decades.   Enjoy the show, its still not stopping your commodity and energy prices from spiking because the value is face value not genuine buying power but the emphasis is real and it takes away some of the stride crypto had.
   This is just the way it works, the tide goes in both directions and any ideas of greater prices will have to wait a bit longer.  You lose nothing because nothing changed within BTC blockchain itself, there is no special bailout fund or whatever politics guides most currency standards;  BTC retains the same schedule of issuance its always had.   BTC isnt measured in dollars, that is entirely arbitrary so no complaint is really valid, the long game is in ongoing improvements to means and ease of transfer back and forth between users.
  I care more about fees really, I want people to not hesitate because fees discourage any kind of usage at all this has more significance then the price this week if we're talking a success story developing further.

[Zilon]

What is going on???  Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

Waiting for new speculation is not of any investors interest at the moment. What you should be considering more is how to make do of the current price to make some profit for yourself. In as much as the price increase is of interest to every investor, the amount of bitcoin accumulated over time should also be of mega interest so that once the bull market sets in again you should be smiling at your wallet.

[Reid]

I am somehow amazed the OP is asking questions like what happened? Either he is not watching the news or he just doesn't want to keep himself updated about his surroundings. But even at those circumstances, you should feel it with your daily budget. It's changing, getting expensive, abnormal.
The economy in every country is getting worse and in my opinion that affects the market of every asset, cryptocurrencies, commodities, and others.
If you monitored all of that, you won't be asking why Bitcoin fell. Because there's no bad events that is big enough to shake it that large like hacks or exchange bankruptcy and inside jobs.