If Bitcoin drops to $8k

[Natalim]

If eventually bitcoin falls that low i don't think i will sell off my bitcoin because we've been through alot and we've gone far to go back now. I'm in this already and i can't go back now i will keep believing in bitcoin as i always have, i believe it will take turns again so i will keep buying as long as i can.

That's a good strategy, even if bitcoin will drop that low, we still should not panic because bitcoin will stay and the bull run will eventually come. Now, that we are witnessing a huge dump, this is a game for the  weak and the strong hands, and as always, strong hands will always win, so HODL.

[ven7net]

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.

For me personally, this situation is difficult, as it puts me in front of a choice either to sell BTC and get at least some funds, or just wait for the next growth. If the price of BTC falls to $8,000, then this will of course provoke some of the holders to sell BTC, since there will be a lower probability of a price drop, on the other hand, this will be a good opportunity for investors to enter the market and increase their amount of BTC at a very attractive price. So I think that everyone will act according to the situation.

[Cryptoababe]

I will be happy to load my bags with lots of Bitcoins. Because bitcoin will never fail. I've seen situations worse than that. So, I cannot sell but buy more.

[sklopan]

So far, the price still has to fall three times to reach the price described in the topic. I don't think this is to be expected. Although, if you pay attention to the fact that most recently the price was three times more ...

[Zilon]

The bears keeps pushing the price below $21k what if Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k comes to play out on the market trend will you believe him in cases of future price speculation or will you see just see it as mere coincidence. Once upon a time musk was a trusted speculator are we going to add Guggenheim to this list if $8k is reached

[Hamphser]

The bears keeps pushing the price below $21k what if Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k comes to play out on the market trend will you believe him in cases of future price speculation or will you see just see it as mere coincidence. Once upon a time musk was a trusted speculator are we going to add Guggenheim to this list if $8k is reached

If it would happen (but hope that it wouldnt) then my funds or wallet is already prepared but i might consider on buying below 20k price point which i could say to be the best time for accumulating cheaper coins.

8k might be too far stretched off but hey no one even anticipate for bitcoins price to go below or reach 20k as of this writing.Some dont even believed about going back into its previous
track or past prices but here we are now.

Nothing is impossible and anything could happen not only talks about ATH's but also with crashes too. 

[lienfaye]

The bears keeps pushing the price below $21k what if Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k comes to play out on the market trend will you believe him in cases of future price speculation or will you see just see it as mere coincidence. Once upon a time musk was a trusted speculator are we going to add Guggenheim to this list if $8k is reached

As I have said before no one can accurately predict the price of Bitcoin so if ever what he predicted really happened then I'll take it as a coincidence but it doesnt mean he is already reliable in predicting the price. Thus its better to have our own analysis and not relying on someone's prediction.

Anyway, the bearish market is not always bad. There's a good side of it for investors who are waiting to fill their bags.

[LastKiss]

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.

Well 8k$ Bitcoin is really a chance for me to accumulate more and more, I don't care how much bottom we have but I will buy it when it's low as possible. I sold my Bitcoin when the price is 40k$ so right now I'm buying at 20k, and 15k prices. So if 8k happens I will prepare my capital and buy it straight away. Don't be afraid because Bitcoin is down more than 50% since it can up more than 5x when the bearish market ended

[LUCKMCFLY]

Every entry you take is an opportunity, but it's always depends from how you play the business, short or long both have that capabilities to give a decent amount of profits, though, in some point people aimed for low value but still afraid in taking the risk, if you see Bitcoin fall to $8k fr sure instead of buying more will look for more low and with that actions, the bear will continue to dominate, it will take time and if there's no additional big investors, the time frame will take longer.

It's hard to doubt a deeper price drop if bitcoin drops to $8K after hitting ATH $69K. But so far $8K is a tough expectation to come true as we believe it will get plenty of support from institutional investors where prices probably won't drop too deep. For now expecting bitcoin to go up to $8K is something that probably doesn't make much sense to me as most people might think that collecting during a downturn is the right way to make a profit. This strategy has been considered, so there is very little hope for it to drop to $8K although there is always a possibility.

I hope bitcoin never drops below $15K again in the future, so that's good support to hope it doesn't touch again if bitcoin's price drops during this year or next before hitting a new ATH.

Institutional investors may have little to nothing to hold back on if the market really want to correct back to $8k we have seen how Bitcoin market have acted in the past when the os a dip cut down in price, the price can go down to -25% within a few hours this action used to be the highest surprises I have seen over the time and in history.

Take what happened in 2018 after the first all-time high of 19k and see the price it crashed back to in a few days.

Well this means that anything can happen, and only those who have a lot of money are the only ones who can move the market, right now a lot of institutional money has come in, well not right now, just that there is a lot of money put in and I don't think that all those people who have their money there are going to let it lose, or even worse, leave the market with less money than they invested, I think they will find a way to resist this market envy, so I think for now $8k it is not as viable or profitable for the big whales. I think they will somehow be able to defend their position.

[GelatikKembar]

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.

Well 8k$ Bitcoin is really a chance for me to accumulate more and more, I don't care how much bottom we have but I will buy it when it's low as possible. I sold my Bitcoin when the price is 40k$ so right now I'm buying at 20k, and 15k prices. So if 8k happens I will prepare my capital and buy it straight away. Don't be afraid because Bitcoin is down more than 50% since it can up more than 5x when the bearish market ended

I don't know if it will happen or not but for now the price of Bitcoin is still around $ 20k,
maybe with conditions like this we can buy it gradually because after all it's better to take advantage of every opportunity well,
but again it depends because everyone has their own decision

[tn211]

8k is possible and yes if it gets to 8k don't get stress over it.

Since it's inception crypto is very volatile. Just now BTC dumped under 20k in a matter of an hour. With the upcoming recession i guestimate we see lower prices.
And yes I will be there hopefully near to bottom to get buy in.

[Zanab247]

I will be happy to load my bags with lots of Bitcoins. Because bitcoin will never fail. I've seen situations worse than that. So, I cannot sell but buy more.

Good decision because the price is too low for investors to make a good profit that will give them joy in this period. Now that we are still in bearish market, it will be favourable for people to hold and wait for the price to increase higher before they can sell to make a good profit because the price will not remain low through out this year. I think many people will use this opportunity to buy bitcoin and hold for the price to move higher.

[molsewid]

8k is possible and yes if it gets to 8k don't get stress over it.

Since it's inception crypto is very volatile. Just now BTC dumped under 20k in a matter of an hour. With the upcoming recession i guestimate we see lower prices.
And yes I will be there hopefully near to bottom to get buy in.

Yes it is possible right now, with this many people will start to sell their bitcoin in order for them not to face the 8k, many people will took this opportunity as well, it's painful to see that bitcoin is now at 18k, I really just hope like everybody that it will not take too long before it recovers. if I will have more money in the next few days I'll buy some small potion of bitcoin as well.

[Fredomago]

Well this means that anything can happen, and only those who have a lot of money are the only ones who can move the market, right now a lot of institutional money has come in, well not right now, just that there is a lot of money put in and I don't think that all those people who have their money there are going to let it lose, or even worse, leave the market with less money than they invested, I think they will find a way to resist this market envy, so I think for now $8k it is not as viable or profitable for the big whales. I think they will somehow be able to defend their position.

Whales knows when to dive in, they are just waiting and observing but on both sides they are well aware either they will shake more and keep the dumped to manifest more weak holders to sell out, or see the opening to start the pumped and bring more newcomers to invest in, always do your diligence to research and have an alternatives path in case your attempts to invest did not favor your position.

Take time and keep working hard to find the best fit for your investment.

[azhot]

If bitcoin fell to 8,000, which is highly unlikely, I would forget about the investment and move on to thinking 2-4 years ahead. Everything is very volatile and should not be ruled out. But at this point and with the number of institutional investors, I think that if it fell to those levels it would not take a month to return to 30,000

[judaspriest]

are you sure about $8000? Don't let us miss the next bullish season,
because according to experienced traders this is the right time to buy Bitcoin and altcoins,
and don't wait for $8000 because it will definitely never go back there again, believe me!

[gunhell16]

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.

As of the moment, the price of Bitcoin for real really dumped its value. And majority of the Bitcoin lovers too are taking the opportunity to buy then hold, this was the real happened so far. Therefore, if ever even its too difficult to believe in, there are still bitcoin enthusiast will certainly buy instead of worrying about the price. ANd aside from that there are other altcoins too in the market in which are also good to hold in the long term.

If bitcoin fell to 8,000, which is highly unlikely, I would forget about the investment and move on to thinking 2-4 years ahead. Everything is very volatile and should not be ruled out. But at this point and with the number of institutional investors, I think that if it fell to those levels it would not take a month to return to 30,000

Agreed to you Sir, only thing is that we don't know when the exact date, time and day will happen. In fact, for now since I have Bitcoin the only choice to apply is really to hold in the long run and never stop holding it.

[Bitcoinking99]

Now that the price of Bitcoin has come down, if you buy something new, you will be able to make a profit very quickly. If Bitcoin $ 8k if it comes down here, I'll sell all the tokens before that because I can't wait that long, Bitcoin will take a long time to get better. Another thing we need to know better is how to stop the losses of those of us who will invest. I don't think they can make a profit if this bitcoin goes below $ 8k. Bitcoin is twice as low as the bitcoin I've seen so far. You just have to be more discriminating with the help you render toward other people. Now if you don’t own Bitcoin I don’t think it will happen again because such opportunities will not come again and again.

[Lubang Bawah]

Surely this is a very difficult fact, I'm sure if Bitcoin drops below $ 8K it will be difficult to rise, many large companies will cancel the project and of course the haters are increasingly active in spreading FUDS with the fact that many Bitcoin investors cry because of the price of drops and them will say Bitcoin has no future.

[Freelancersumon]

I agree with you. Because the whole world has seen the destruction of a big coin a few days ago. For that, many will sell emotionally to reduce the price of bitcoin.  And all of people say that them bitcoin has no future. But i will say bitcoin is the next Economically weapons.