If Bitcoin drops to $8k

[smartaction]

I never thought or believed that the price of Bitcoin could ever be $8k again. I don't think Bitcoin can go below $20k. If somehow the price of bitcoin goes below $ 10K then I will sell my land and house property and buy some bitcoin for sure. But it never seems to happen. It would be foolish to think or hoping such a thing.

[pawanjain]

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.

❎ - Sell at a loss
✅ - Buy the dip

If at all bitcoin goes to $8k then there are two things I would do.
1. I will not sell my bitcoin below $50k
2. I will buy more BTC to accumulate more coins at cheaper price.

I already have some spare fiat money for this as I had already planned to buy more if a huge dump occurs.

[judaspriest]

I never thought or believed that the price of Bitcoin could ever be $8k again. I don't think Bitcoin can go below $20k. If somehow the price of bitcoin goes below $ 10K then I will sell my land and house property and buy some bitcoin for sure. But it never seems to happen. It would be foolish to think or hoping such a thing.

Bitcoin will probably only drop around $30k so it's impossible to see the price drop to $8k,
maybe it will happen if crypto is really experiencing an extraordinary destruction,
sooner or later Bitcoin will rise again and it's only a matter of time it seems

[Leebabe]

If that ever happens then we're all doomed based on those who bought alt coins. It would favour those with stable coins available. I'd definitely take the risk of selling my small land to get BTC. I know it could go both ways, either it favors me or goes against me but it's worth it. But in the end I don't think it could happen

[smartaction]

I never thought or believed that the price of Bitcoin could ever be $8k again. I don't think Bitcoin can go below $20k. If somehow the price of bitcoin goes below $ 10K then I will sell my land and house property and buy some bitcoin for sure. But it never seems to happen. It would be foolish to think or hoping such a thing.

Bitcoin will probably only drop around $30k so it's impossible to see the price drop to $8k,
maybe it will happen if crypto is really experiencing an extraordinary destruction,
sooner or later Bitcoin will rise again and it's only a matter of time it seems

If United States really Ban Bitcoin mining Then it could have an effect on Bitcoin. And Bitcoin can be seen around 25K. But the price of Bitcoin does not seem to go down below 25k. Bitcoin prices will go up again.  And in the future, the price of Bitcoin will exceed $100K. Maybe we'll see that soon.

[sklopan]

Are you sure that the price will fall to this level? I think it's still a very long time before that.

[Pandu Geddon]

If United States really Ban Bitcoin mining Then it could have an effect on Bitcoin. And Bitcoin can be seen around 25K. But the price of Bitcoin does not seem to go down below 25k. Bitcoin prices will go up again.  And in the future, the price of Bitcoin will exceed $100K. Maybe we'll see that soon.

if there is a ban regarding bitcoin mining in the US, it might be really bad for the bitcoin price. but how cheap the bitcoin dump is, won't make him lose faith. trading may increase as soon as everything is considered normal.

if Bitcoin hits $8k, that means we will get a big discount. what we need to prepare is not to get caught up in the decline in bitcoin prices later. although it would be a shame if we had to release our bitcoins. but for greater benefit, we must consider it.

[Natalim]

If United States really Ban Bitcoin mining Then it could have an effect on Bitcoin. And Bitcoin can be seen around 25K. But the price of Bitcoin does not seem to go down below 25k. Bitcoin prices will go up again.  And in the future, the price of Bitcoin will exceed $100K. Maybe we'll see that soon.

if there is a ban regarding bitcoin mining in the US, it might be really bad for the bitcoin price. but how cheap the bitcoin dump is, won't make him lose faith. trading may increase as soon as everything is considered normal.

As of this moment, I'd never see any significant impact on the market trend. That news hasn't yet gained more attention as I see that people are already immune to such issues as it was been doing to the other countries but fortunately, many of these attempts fails. So for now, I'd never see any reasons to see Bitcoin drop to $8k but what we probably see is just a the same trend we experience.

We, indeed not lose our faith, we don't let this banning issue ruins our plan and also the market. perhaps, we see a bright future of Bitcoin over the dark one.

[YOSHIE]

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.

Speculation is fine of course, but I have my own perception of the future of Bitcoin, Bitcoin once, touched the price of $6k two years ago, a lot of people did nothing for Bitcoin, when it broke through to the $40k level everyone was busy talking about it, I think if the speculation you mentioned happened, the same thing happened when the Bitcoin price was still $6k.

My view, Only 1% of people sell their assets to buy Bitcoin, but if $8k happens, of course this time I don't want to do anything wrong, definitely do something for Bitcoin long term.

[ice18]

This will be one of the biggest crash if happens and I think a serious reason why bitcoin price will fall from this low, really wild speculation but we always need to be ready from this we are in crypto, always expect the impossible and the worst scenario, DCA always once price fall.

[Kimonoe]

it seems that if we think at this time it seems impossible, but in cryptocurrencies anything can happen, even if bitcoin is at a price of $ 8k, of course many people will buy it, and they are people who understand cryptocurrency, because not a few people will continue to waiting, and afraid to act. and after that many people will be disappointed because the price has increased many times, like what happened last year

[okorieemmanuel]

This is impossible. Bitcoin can NEVER hit the $8000 mark
Do you have an idea how many investors who will buy bitcoin at that price? Investors who are willing to invest money that they can afford to loose are plenty. The rate of buy will be so much that it will push the value of Bitcoin up again to a considerably high amount. This will lead to inflation.
Bitcoin awareness is just too huge to ignored.

[Fredomago]

If United States really Ban Bitcoin mining Then it could have an effect on Bitcoin. And Bitcoin can be seen around 25K. But the price of Bitcoin does not seem to go down below 25k. Bitcoin prices will go up again.  And in the future, the price of Bitcoin will exceed $100K. Maybe we'll see that soon.

if there is a ban regarding bitcoin mining in the US, it might be really bad for the bitcoin price. but how cheap the bitcoin dump is, won't make him lose faith. trading may increase as soon as everything is considered normal.

As of this moment, I'd never see any significant impact on the market trend. That news hasn't yet gained more attention as I see that people are already immune to such issues as it was been doing to the other countries but fortunately, many of these attempts fails. So for now, I'd never see any reasons to see Bitcoin drop to $8k but what we probably see is just a the same trend we experience.

We, indeed not lose our faith, we don't let this banning issue ruins our plan and also the market. perhaps, we see a bright future of Bitcoin over the dark one.

Another test for holders and investors, if you will be shaken on this kind of news you will only suffer from losing your money, it's a good time to leave the market and stay away from looking with your portfolios, if you intend to continue buying and taking the risk, make sure that you'll bring decent amount of patients, this market movements may be affected by the current events but as investors taking this momentum as opportunities might be accountable to your long-term success.

[bitcrystal]

From my own analysis I don't think Btc will go that low, might go below 15k but not seeing below 10k else it will be so bad. But the bad is good for who is ready to buy always especially at that time when people will be panicking. Maybe it will be another chance to own more bitcoin. Am going all in with everything I can.

[tomos81]

Bitcoin vitality When the price of BTC comes down, you must be patient even if you do not buy. Because the price of BTC will increase one day or another. The price of coins goes down to increase so of course the price of BTC cannot go down. And even if it decreases, you must be patient.

[KennyR]

This is impossible. Bitcoin can NEVER hit the $8000 mark
Do you have an idea how many investors who will buy bitcoin at that price? Investors who are willing to invest money that they can afford to loose are plenty. The rate of buy will be so much that it will push the value of Bitcoin up again to a considerably high amount. This will lead to inflation.
Bitcoin awareness is just too huge to ignored.

With cryptocurrency we can't get into any conclusion about the market. Just think of the previous bull market that took the price down to the region of $3000. By the time none were about the price dropping down to $5k, but it all happened in a slow manner from the ath value close to $20k. Just because there is good awareness we can't say the market won't drop, the market is independent and it can move in any direction.

[sayaya17]

This is impossible. Bitcoin can NEVER hit the $8000 mark
Do you have an idea how many investors who will buy bitcoin at that price? Investors who are willing to invest money that they can afford to loose are plenty. The rate of buy will be so much that it will push the value of Bitcoin up again to a considerably high amount. This will lead to inflation.
Bitcoin awareness is just too huge to ignored.

With cryptocurrency we can't get into any conclusion about the market. Just think of the previous bull market that took the price down to the region of $3000. By the time none were about the price dropping down to $5k, but it all happened in a slow manner from the ath value close to $20k. Just because there is good awareness we can't say the market won't drop, the market is independent and it can move in any direction.

The crypto market is very difficult to predict, so anything is possible. It is true that if we look at the increasing popularity of Bitcoin, more and
more institutions are investing long-term in Bitcoin. This shows the possibility for Bitcoin to fall to the price of $8k seems very small. But we can't
be too sure that the price of Bitcoin is no longer possible to drop to the price of $ 8k, so we still have to be vigilant, we still have to think about
the worst that will happen when we invest in Bitcoin.

Even though Bitcoin is a safe asset for us to hold long-term, we still have to have a backup plan if something bad happens to Bitcoin. Because one of
the keys to success in the crypto world is that we really have to have careful planning. Even based on my experience investing in the crypto world,
I have often experienced where Bitcoin often does not move according to my expectations. So it doesn't hurt us to think about our plans if Bitcoin
really drops to $8k, although like I said the chances of Bitcoin dropping to $8k are very small.

[Oshosondy]

The crypto market is very difficult to predict, so anything is possible. It is true that if we look at the increasing popularity of Bitcoin, more and
more institutions are investing long-term in Bitcoin. This shows the possibility for Bitcoin to fall to the price of $8k seems very small. But we can't
be too sure that the price of Bitcoin is no longer possible to drop to the price of $ 8k, so we still have to be vigilant, we still have to think about
the worst that will happen when we invest in Bitcoin.

From what you post, people can easily think bitcoin can not fall below $8000, even analysts and other professionals has not gone to the conclusion that bitcoin will not fall below $14000. I do not alwaysbelieve in analysts but I believe that bitcoin can never falled below $140000. If institutions are holding in long term, that means it is even now possible that bitcoin will not be volatile like before, which means bitcoin may not even fall below $20000, but a sentiment from me though.

[Amicable55]

Everyone seeing that drop seen in BTC. As a positive thinking side we may see that every year in past BTC make a new low and new high. According to my knowledge BTC will make a new high and thinking it will go down to 8K  is a Bad thing.

[Raflesia]

The crypto market is very difficult to predict, so anything is possible. It is true that if we look at the increasing popularity of Bitcoin, more and
more institutions are investing long-term in Bitcoin. This shows the possibility for Bitcoin to fall to the price of $8k seems very small. But we can't
be too sure that the price of Bitcoin is no longer possible to drop to the price of $ 8k, so we still have to be vigilant, we still have to think about
the worst that will happen when we invest in Bitcoin.

From what you post, people can easily think bitcoin can not fall below $8000, even analysts and other professionals has not gone to the conclusion that bitcoin will not fall below $14000. I do not alwaysbelieve in analysts but I believe that bitcoin can never falled below $140000. If institutions are holding in long term, that means it is even now possible that bitcoin will not be volatile like before, which means bitcoin may not even fall below $20000, but a sentiment from me though.

It's still too far to conclude that the price will drop to $8k although we don't know how volatile the future will be or if there will be a bounce.
But let's have a look at some price analysis of the base point of $22k but it's still not clear as bitcoin is still holding around $30k (more or less) so too here bitcoin to $8k and still a long way to go to get there.
No matter how low the bitcoin is, I will definitely buy as much as I can.