What is going on???

[aylabadia05]

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!

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.

[Ahli38]

maybe in the future $100,000 will be reached. but not now. if you look at this year's chart it is almost the same as last year's chart. this is a common thing. the feasibility of bitcoin as an investment field is unquestionable for me. but it depends on the thoughts of each person who has a head and content of his own mind.
what is clear today at a time when bitcoin struggles at 28k-30k will be decisive. between falling to 20k or going higher. what is clear is Bear Flag and Falling Wedge both show Bitcoin resistance at $36,000. and when the reflection reaches the area please be careful.

[GreatArkansas]

(.....)

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.

[worle1bm]

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.

[davis196]

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!

Were you sleeping under a rock in the last 7 months? Do you expect somebody to spoonfeed you with info about what happened to the crypto market in the last several months? You have a computer with internet access, just use it and you will find out about the reasons for the bearish crypto market.
How the hell did you knew that Bitcoin is going to hit the 100K USD mark? Did you have a crystal ball or something?
If you were so confident about the price hitting 100K, why are you asking about the price dropping? Can't you just predict this?
There's a war in Ukraine. There's global inflation, combined with expectations of a recession. The investors are running away from high risk assets(obviously cryptocurrencies are high risk assets).The Luna/Terra stablecoin project collapsed.
Do you want more reasons why the BTC price is down?
Do you want more reason?

[UmerIdrees]

maybe in the future $100,000 will be reached. but not now. if you look at this year's chart it is almost the same as last year's chart. this is a common thing. the feasibility of bitcoin as an investment field is unquestionable for me. but it depends on the thoughts of each person who has a head and content of his own mind.
what is clear today at a time when bitcoin struggles at 28k-30k will be decisive. between falling to 20k or going higher. what is clear is Bear Flag and Falling Wedge both show Bitcoin resistance at $36,000. and when the reflection reaches the area please be careful.

In higher time frames( Weekly) bitcoin needs to hold the support of 28,000$ and then we can say that the market structure is similar to that of 2021. But if we break this level, then I am afraid we may see much lower bitcoin prices. There is a lot of fear in the market and no one is sure if we are going up from here or not.
Based on the fear and greed index and some other factors I think we may first see a relief rally towards 38-40K before moving another leg down.

[Ultegra134]

maybe in the future $100,000 will be reached. but not now. if you look at this year's chart it is almost the same as last year's chart. this is a common thing. the feasibility of bitcoin as an investment field is unquestionable for me. but it depends on the thoughts of each person who has a head and content of his own mind.
what is clear today at a time when bitcoin struggles at 28k-30k will be decisive. between falling to 20k or going higher. what is clear is Bear Flag and Falling Wedge both show Bitcoin resistance at $36,000. and when the reflection reaches the area please be careful.

In higher time frames( Weekly) bitcoin needs to hold the support of 28,000$ and then we can say that the market structure is similar to that of 2021. But if we break this level, then I am afraid we may see much lower bitcoin prices. There is a lot of fear in the market and no one is sure if we are going up from here or not.
Based on the fear and greed index and some other factors I think we may first see a relief rally towards 38-40K before moving another leg down.

That's true, chances are, that if it drops below $27-28k, there's the potential of a further drop, probably even below $25.000. However, it has been relatively stable the past few days, near the $29.000-$30.000 level, showing no major movement for the time being.

[Ahli38]

maybe in the future $100,000 will be reached. but not now. if you look at this year's chart it is almost the same as last year's chart. this is a common thing. the feasibility of bitcoin as an investment field is unquestionable for me. but it depends on the thoughts of each person who has a head and content of his own mind.
what is clear today at a time when bitcoin struggles at 28k-30k will be decisive. between falling to 20k or going higher. what is clear is Bear Flag and Falling Wedge both show Bitcoin resistance at $36,000. and when the reflection reaches the area please be careful.

In higher time frames( Weekly) bitcoin needs to hold the support of 28,000$ and then we can say that the market structure is similar to that of 2021. But if we break this level, then I am afraid we may see much lower bitcoin prices. There is a lot of fear in the market and no one is sure if we are going up from here or not.
Based on the fear and greed index and some other factors I think we may first see a relief rally towards 38-40K before moving another leg down.

That's true, chances are, that if it drops below $27-28k, there's the potential of a further drop, probably even below $25.000. However, it has been relatively stable the past few days, near the $29.000-$30.000 level, showing no major movement for the time being.

like the panic did subside a little. and people are used to these bear market conditions. seen from the decrease and increase not too far. only about 29-30k . although if we look at it 2 days ago on the Binance chart it touched 28k, but only briefly. the rejection or bounce looks so strong that in a short time it's back to 30k. but vigilance must be maintained. and when the market is like this I myself prefer a strategy to buy gradually little by little.

[Don Pedro Dinero]

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!

It seems to me that you have not been following the price behaviour very closely. Yes, we hit almost 70,000 USD last year and since then the price has been more or less sideways until the recent dump.

Bitcoin will definitely reach 100,000 USD, but I think it will be in the next cycle already. I just think you should think more about what you are buying, and not just buy because it's the trend and it's going to go up.

Bitcoin as a means of payment and a digital store of value is unparalleled, and that's why it's worth buying.

[glendall]

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

[acroman08]

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!

no one can predetermine what the price will be or will it ever reach $100k. all the people you see saying that it is just a matter of time before bitcoin reaches $100k or even $1 million are just making assumptions. also, it is dangerous basing your investment plan on someone else's guess.

[sklopan]

Approximately the same picture is happening in the world, the reflection of which we see in the markets. So, I don't see much reason to be surprised.

[Nrcewker]

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!

Don’t go for guess, go for calculations and estimated prediction.
If you know the true value of Bitcoins they you must hold for more period of time.
You bought Bitcoins when it was around 11k usd, so it’s around 2018-19 the time.
You waited 3-4 years on your investment and already seen the profits, so if you don’t become greedy and can hold for more 2 years then i am sure you will get 10x profit.
Bitcoins are already developed and are fixed in number, so as the time passes it will become more rare so eventually the price will rise.
It’s better now to hold and wait for perfect time to sell.

[uelque]

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 to reach 100k is still a prediction. Though it is possible no one can say when will it happen. And what is happening now is normal market movement after a bull market. We should not expect bitcoin or any other coin out there to just keep going up having no down times because that is what is not normal I assume. And as we all know even from the start that crypto market has an extreme volatility so we should be aware that things like this can happen. And yes, btc will always be worth the investment and that should not be asked. I believe before you even put money in btc you knew that btc is worth the investment so don't doubt yourself brother.

[Sebas.tian]

1 BTC = 1 BTC. We will hit $100,000 in no time. Time is short in the crypto world. Just HODL and enjoy the ride.

Don't be panic with what is happening right now in crypto market than to hold because the price is about to hit higher to where people will start celebrating for the massive pumping they have never see before in crypto market. I think the price will not lower more than $30,000 before the price will increase to $100,000 before the end of November 2022 for all long term investors to use the opportunity to make a huge amount of profits from their investment.

[savetheFORUM]

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!

Not few months but that should be few years ago, probably after the 2017 bull run, because after that year, the price of btc then experience a big dump. I think that was the time where you bought btc at 11k. How did you know or where did you find out that btc would reach 100k? Those people that said that are only predicting and they are not sure with it. That was your mistake because you believed on it.

Price now is 30k. That was still decent and you still earn something because you said you have invested at 11k. What is going is just a normal correction, this is why the price haven't recovered yet. As of now, no one can predetermine if price can hit 100k, unlike to last year where it's more possible because price last year was 68k, which kinda close to 100k.

[Mamun74]

Very hard to predict bitcoin price right now.But i still believe bitcoin price movement correction.Bitcoin is decentralization, it will never be stable. Bitcoin price already touched in $68k+ but it already huge dropped this year.But if you see the bitcoin historical price then you can understand.Bitcoin is long term investment coin and long term survive coin.Bitcoin price will hit $100k in future ?I think its possible to happen but need more time.

[Ale88]

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 to reach 100k is still a prediction.

Of course, nothing is sure, but if you ask me I see more possibilities that in the future bitcoin will reach that number rather not making it. Also because let's not forget about inflation, BTC is supposed to go up in value and fiat at the same time will lose value, sono anyway a bitcoin worth $100k won't actually have a $100k buying power but it'll be lower.

[PepeLapiu]

 The price of anything depends on supply and demand. How much of it there is, and how many people want it.
That explains why beach sand is cheap in the Sahara but a glass of water is priceless.
With bitcoin, you can remove or ignore the supply side of supply and demand rule as we already know bitcoin supply for the next century or so.

So the price of Bitcoin is based on it's known supply versus how many people want it. It's that simple. Like everything else.

Now, if you want to talk about the future price of bitcoin, that is a different story. Because you have to guess how many people will have a demand for it in the future. And they will make their decisions based on future events.

So if you get me a good well calibrated crystal ball, I will be able to predict future events and read the mind of everyone in the world in the future. Than I will be able to give you a pretty good guess at the future price of bitcoin.

Anything short of a good crystal ball is just a scam or a lie.
You can't find out the future price of bitcoin by looking at past prices and past 'trends and patterns'. That's just as stupid as reading last month newspaper to decide next weeks lottery numbers.

[Marvell1]

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!

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.