If Bitcoin drops to $8k

[Zilon]

Lets assume Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k if it hits $30k referencing the "[U.S. Federal Reserve] being restrictive.”, Currently bitcoin price is below $28k and from the look of things this speculation might and might not be accurate but what if bitcoin price falls to this very dip.

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to  sell off all your bitcoin due to FUD.

[Fivestar4everMVP]

Depends on what caused the crashed, if no negative news caused it to crash to that amount, then I will just keep holding because I know it will go back up fast.
But if it's a negative news that caused it to crash to that low amount, then I possibly will sell even far before it gets to that $8k price and wait to buy it back at a much cheaper price.
The truth is that, I thinks it's only newbies(those new to bitcoin and cryptocurrencies) that will panic over the crash of bitcoin price, those who were here in 2017/2018 when bitcoin crashed from almost $20k to below $2k will understand better what I mean.

[joeperry]

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to  sell off all your bitcoin due to FUD.

If this happen I will sell my currently Bitcoin holdings and repurchase again after it reaches $8,000 I think it would be impossible that it will be going to be lower than $10,000 or $20,000 was the bottom at least but we are unsure about how things will happen but just in case I am going to repurchase Bitcoin at a lower price after all my goal is to have at least have a few Bitcoins in my wallet and save it for years.

[Despairo]

Are you really believing this dumb person? not any single his prediction is correct lol.

December 2020
    Minerd said bitcoin "should be worth around $400,000."
    Bitcoin's price: about $20,000.

February 2021
    Minerd said bitcoin could go to $400,000 to $600,000
    Bitcoin's price: about $40,000.

June 2021
    Minerd told CNBC that bitcoin could bottom out at $10,000 to $15,000 in its latest swoon.
    Bitcoin's price: about $35,500.

October 2021
    Minerd said he was no longer invested in bitcoin.
    Bitcoin's price: around $63,000.

May 23, 2022
    Minerd told CNBC bitcoin could fall to $8,000.
    Bitcoin's price: around $29,000.

This was from your article, the reason why he predict Bitcoin will fall to $8K is because he's no longer invest in Bitcoin anymore and want to create stupid prediction to make a panic on the market, obviously this can be his advantages to buy Bitcoin since he may likely sold around $30K-$40K. Look at his prediction on June 2021, why Bitcoin price was increase and not dump? answer this question.

[Anguwa]

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to  sell off all your bitcoin due to FUD.

There is no going back at this point; I will continue to hold my Bitcoin. Because this analysis is not yet clear, I will not sell my BTC now and wait for another dip; instead, I will keep enough stable coin and wait for a dip to buy and cover my losses.
Actually, I don't believe the price will fall so low, but if it does, I'll sell some of my physical assets to purchase Bitcoin because I'm confident it will increase again.

[logfiles]

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to  sell off all your bitcoin due to FUD.

Bitcoin dropped all the way from $69K, and you decide to sell it off at any price between $29K to $8K just because some speculator talked about it dropping $8K?

That's very poo investment approach IMO. If one was to sell, it should have been at around 60K-50K

[mindrust]

If bitcoin drops to $8k, the world will keep spinning just like it did yesterday. Fundamentally nothing will change. Even if it drops to $1k or $100, nothing will change as long as the network runs smoothly. Some miners may have to stop their operations but then some other that can afford cheaper electricity will join. In the end people will keep sending and receiving coins and that’s all that matters.

[Nrcewker]

Lets assume Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k if it hits $30k referencing the "[U.S. Federal Reserve] being restrictive.”, Currently bitcoin price is below $28k and from the look of things this speculation might and might not be accurate but what if bitcoin price falls to this very dip.

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to  sell off all your bitcoin due to FUD.

I know many people will comment about being panic and selling their coins.
But let me say you that this is just an assumption and prediction.
We all have seen what is Bitcoin capable of.
So if it fall to 8k usd, then I will buy more to more Bitcoins in order to full my wallet.
I have known and seen the potential of Bitcoins, I also know that the ref trend is for few more weeks.
Once Bitcoins break the resistance of 32k usd, it will again rise to 50k usd non stop.
So it’s my advice to all my fellow Bitcointalk people to buy as much as Bitcoins you can.
You will thank me later.

[noorman0]

October 2021
Minerd said he was no longer invested in bitcoin.
Bitcoin's price: around $63,000.

My own speculation about his statement "no longer invested in bitcoin", he no longer buys(only holds what's left) or he sells everything he owns. If my second assumption is correct, then people should believe crystal ball predictions more than this person so far as not owning any bitcoins at all. He can dispense with speculation freely by tying the latest negative fundamental news to each of his forecasts even though it is not really a significant influence on volatility.

[aylabadia05]

I'm not sure about the speculation if Bitcoin will hit the low price as stated ($8k if it hits $30k) which refers to the U.S Federal Reserve even though Bitcoin has historically been at its lowest point of 10,000 Bitcoins can only buy pizza.
If the speculation is true, I will exchange all the fiat I keep in the Bank of the country where I live and sell land assets to buy Bitcoin.

[Botnake]

Lets assume Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k if it hits $30k referencing the "[U.S. Federal Reserve] being restrictive.”, Currently bitcoin price is below $28k and from the look of things this speculation might and might not be accurate but what if bitcoin price falls to this very dip.

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to  sell off all your bitcoin due to FUD.

No, because my bitcoin is ready for a long-term hold, if we think bitcoin will drop and we intend to sell, we should have done it when the price was still higher. Selling at $8k is a bad idea when knowing bitcoin ATH was above $60k, it doesn't make sense at all IMO.

[rozak]

Isn't that very far from the current price? if that happens, then market conditions are in serious trouble.

if true, then I will buy Bitcoin with all my remaining stable assets. as well as some of my savings in the bank. no matter how long it takes to recover. but in the future, it will happen.
most importantly do not use our money for daily needs. that limits the achievable investment plans.

[Dart18]

If I can see the future and forecast what you said is true then I will definitely sell my Bitcoin without any doubts.
That's the problem. We don't.
But if it does go deep as $8k without anyone looking at the future then I am buying. That's the cheapest we could purchase after a it wen't up to $60k and it still has a chance to go back there because of faith and demand. I am sure I will not be the only one to do the same strategy and belief.
I think what prediction makers are doing is using the December 2017 - April 2018 history. ATH turns to dumps then another deep dump.

[sheenshane]

Nobody cares about him, he is a dump person without true knowledge about Bitcoin.
He knows nothing about Bitcoin because he is only an expert on fiat, stocks, and other investments that I believe are irrelevant to crypto he guides only the firm's investment strategies and oversees clients and that's it all, nothing more.  So how do I believe his prediction, in fact, we know in the crypto market, everything is unpredictable.

Look around, everyone was talking about adoptions and Bitcoin was in the mainstream and it's already mature that could be possible many countries will announce soon Bitcoin becomes legal tender in their place.  That's what I have seen here and I will never listen to him, he is a crypto hater too.

[KingsDen]

This will be two different narratives for teo different scenarios.
First scenario:
If you are holding a large volume of btc and you have a need for financial spending in short time, you could sell and rebuy. But if you have no short term need of money, there is no need to panic. Bitcoin has proven its ability to rebounce irrespective of any level it gets to.
Second scenario:
If you do not own Bitcoin as of today. It will therefore be a big opportunity to gather as much Bitcoin as possible that you can.
It is grossly subjective.

[palle11]

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to  sell off all your bitcoin due to FUD.

If this happen I will sell my currently Bitcoin holdings and repurchase again after it reaches $8,000 I think it would be impossible that it will be going to be lower than $10,000 or $20,000 was the bottom at least but we are unsure about how things will happen but just in case I am going to repurchase Bitcoin at a lower price after all my goal is to have at least have a few Bitcoins in my wallet and save it for years.

You are being funny because you won't have to repurchase at the price of $8k because your hodling too will drop to that point. You don't expect that the value of your coin will be steady while price is dropping so you can better sell it now and buy more now if you believe in the prediction but if you don't, hodl tight to what you have. Such price for me is going to be devastating to hodlers but with bitcoin anything can happen to the price.

[yahoo62278]

You'd be a fool to not buy if btc dropped to 8k. Look at bitcoins past history, bitcoin has dropped and recovered to a new ATH 2 times in the past. You may have to have some patience, but bitcoin will rise.

[Mpamaegbu]

If this happen I will sell my currently Bitcoin holdings and repurchase again after it reaches $8,000

You said if that happened you would sell your current stash and then buy back at $8k. My question is this – How are you going to sell off when its price is finally down and then buy back? I know your operating word is a  condition with "if" but if you're ever contemplating it, now is the best time for you to sell off into a stablecoin and wait for Bitcoin dump to buy back more units with same amount.

Don't feel too shocked if $8k happens to Bitcoin. After all, Bitcoin lost 80% during the 2018/19 bear season.

[Tellek Garing]

Do not think that one needs to sell any personal property to buy Bitcoin at whatever price, since Bitcoin is a volatile investment one needs to only use spear money which is money that will not affect your well-being if anything happens to the investment.

So, in conclusion, I will use any available spear money to buy Bitcoin if the price ever dips to $8k but I will not sell my house or car to do that.

[jrrsparkles]

If you have the money then just buy and wait for the things to happen, I don't recommend people to sell anything for investing onto something but me personally I beleive the drop to 8K will not end the career of bitcoin so probably I will sell anything that I can to buy as much as Bitcoin.