If Bitcoin drops to $8k

[teosanru]

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.

If bitcoin really drops to 8k nothing will happen it will only give those rich lads and institutional investors to accumulate more of it at a much cheaper price because the weak hands will sell it off as if the market is going to die just how they did it at 3k before bitcoin reached 69k. Rest of the things are going to remain exactly the same there would be another halving and there would be another bill run.

[Falconer]

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 I am still confident about the future of bitcoin, then I think collecting it is the right choice to do. But most importantly so far the speculation about $8K is unjustified even though the bitcoin price has fallen 60% from its high. It's always possible to face such a big price drop, but for some reason I still believe bitcoin won't drop below $20K again in the next 2 years.

If you really have doubts about bitcoin going down to $8K, then I think you've missed a good time to sell it. Some people might still be lucky if they bought bitcoin at $10K - $20K before and sell now, so if you are one of those people then you just have to sell it and take that profit. But never regret later if the reality is not as speculated.

[TheGreatPython]

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.

If Bitcoin crashes down to $8k I would be a bit worried because it means that someone is controlling the market and has some massive pockets because crashing such a gigantic market needs an insane amount of funds.

Realistically, I don't think the price will come down as much and at least we would see it dropping down to $20k and then prepare for a bull run and we have seen in past bull runs can outperform any bear runs and corrections.

Let's be positive and hope for the best, no one wants BTC to go down to $8k unless you have a short position open in trading .

[uneng]

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'm not taking this speculation for real, because it seems FUD in order to lead investors to sell their coins right now with the promise they will buy again, hypothetically when bitcoin hits 8,000$, what may in fact never happen. Then we have a scenario where many investors gave up their held bitcoins for an empty promise spread by FUDsters who are going to buy those bitcoins cheaper, of course, but not at 8,000$'s price range.

The safest strategy is to just keep holding, doesn't matter how deep the price is going to crash. Every investors should feel proud of themselves for holding some portions of satoshis, doesn't matter if they have many or few. Investors should keep in mind that is something they have already conquered and there is no reason to risk it for acquiring more. There are another ways to accumulate more bitcoins without selling your currently holdings.

[Viscore]

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

Right. You should only sell when the price is high and definitely buy when the price is low. So if bitcoin falls to $8k, and you still plan to sell, that's a big loss for you. You only have to sell for profits, and not the other way around. However, if you have shitcoins that you have been hodling for a lot of years and until now, no signs of growing its value, then its a good time to sell them so that you can take advantage and buy bitcoin while its still very low in price.

[jostorres]

Investors should learn how to stop loss and realize what amount they should start selling their investments, if they bought in a mich higher proce then set a ceiling point and drop point when it’s about to sell. Waiting too much for the price to rise again may take time ad effort if there willl be other means to recover that loss thru trading or having business then do it. It will depend on what amount we buy our BTC if already lose half of it’s value then maybe it’s time to stop loss and just buy back when the price seems to start to recover.

Actually, a good point and I have seen people feeling happy about their investment but failing to sell at the right moment means they got rich theoretically and never had the funds they imagined they would have with them. In fact some would be in loss because they missed the tip they get emotional and won't sell until the token reaches that price again, which for some coins/tokens is simply impossible.

Trading means you must not be emotional about the assets you hold and must buy and sell them based on the market movement and this is why sometimes stop-loss is crucial.

[crzy]

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 will not sell anything, I will just use 50% of my savings and will take the risk to buy Bitcoin but I will not expect to see good profit in short term because if Bitcoin goes back to the price of $8k, that could also be an indication that this market is about to die so better not to go all in to be more safe. Though, I’m positive that we will not hit this price again, we are too advanced for this price and we grew a lot already, we should not waste it and should not let BTC to hit that price again.

[Captain Corporate]

That is a bit of a problem at the wrong time, but a problem that could be fixed. Lets assume that you bought 3 million dollars worth of bitcoin at 10k, thats 300 bitcoins, at 60k you would have 18 million dollars worth, correct? You would drop that to half at 30k, so 9 million dollars. I would totally understand if you are upset about that, but at the same time if you wait, do you really not believe that it won't be 60k+ again?

I agree that with the greed you may wait too much and it may start to go down, but if you wait then it will recover again anyway. Only problem is with people who bought silly coins, because they may go down and stay down, but otherwise, if you bought bitcoin or ethereum for example then you will recover and be there.

[thet]

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.

If the price of Bitcoin drops at 8k. I will try to buy as much as possible because Bitcoin price will increase again and again just like before. I am now in the process of overcoming my fear in trading and doing the long term investment with Bitcoin

[Issa56]

In Cryptocurrency I believe anything is possible, if bitcoin price drop to around $8k, I believe that's another opportunity to bag more bitcoin very cheap because I know it will definitely bounce back. I believe it's only newbies that should be scared of dump now, whenever thier is a dump am always happy because I will bag more coins. Have seen witness different bitcoin dump and I don't really panic, so even if bitcon dump now I see no reason why I should panic, if I don't have extral cash to bag more bitcoin, then I hold the one am having already.

[nurilham]

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 will keep my Bitcoin in my wallet whatever the lowest price of BTC in this bearish. But I won't force myself to buy more Bitcoin by selling something in my home, I only buy with my free money. Although many people stated that BTC price to reach $100k in the next bullrun, no one can guarantee it. Crypto market is always unpredictable, don't be greedy to buy although the price drop to $8k.

[GeorgeJohn]

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 and i know very well that bitcoin can never return eight thousand (8k), the methods of bitcoin is that is always grow and when  it above some certain limit it take it time to fall below that again, it's only this season i notice that decreases much in the market, last two years experience, bitcoin increase and decreased and the decrease did not fall affect strongly as it falling are this time, i can not be in a supportive motion that the downgrade of bitcoin price can make it to fall beyond twenty thousand (25k).

[lienfaye]

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.

So far, the speculation of that person is not even close to reality so why are we going to assume his prediction might be true? Im not the type who will believe those who called themselves "experts" as we know it has no concrete basis to begin with. Anyway, if ever the price really plunged to $8k I will accumulate more Bitcoin. But at this time im not going to panic to sell my Bitcoin just because someone said the price will decrease to that value. I will just keep my Bitcoin and wait for whats going to happen in the future because we really dont know what lies ahead because anything is possible to happen.

[livingfree]

will you choose to  sell off all your bitcoin due to FUD.

This will I never do.

Why would I sell at that price despite I'm less loss by that price? We're used to the FUD in the market and if ever there are speculations and predictions that are too low and we don't like it, there's nothing to be wary of.

They come handy and will eventually change the market on its reversal. When price becomes low for bitcoin, this will make everyone to crave and buy to stack as many as they can while it's totally cheap.

It's just another signal to acquire more bitcoins for that cheaper price.

[inthelongrun]

My worst prediction for bitcoin is at $7,000. I am planning to start buying by tranche from $14,000 downwards. I am not selling most my current holdings. So personally I do not want bitcoin to drop that low but if it happens then we will also have the chance to buy more including altcoins. I am considering eth, bnb and then some other few coins that has very high potentials. Sys for example always made it x50 every time the market is bullish period.   

[Awaklara]

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 the bitcoin price drops below $8k then I will be enthusiastic about taking advantage of this opportunity by buying more Bitcoin.I think there will be a lot of people who will do the same to take advantage of that opportunity if it happens, with a note depending on their financial capabilities. Before investing you also need to set a threshold of money you want to use. suppose you don't have to invest all your savings in crypto. As I said according to the financial capabilities of each individual and do not have to sell all the properties that you shouldn't have to do.

[MFahad]

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.

First of all everything is possible in crypto. Bitcoin down will not good for whole crypto market but selling at this stage is I think not good choice. Bitcoin is backbone of crypto and after fud clear First coin which will recover will be BTC. Big whale will accumulate. Theirs BTC and only panic seller's will lose there.

[The Cryptovator]

Everything is possible in crypto, but expecting an $8K bottom for a Bitcoin-like dream, is not only a dream it's a kinda nightmare. A lot of institutional investors already invested in Bitcoin and more are waiting for a dip. So drop to $8K big whales will eat the dip. Be realistic and analyze more about Bitcoin. A lot of heaters are just trying to spread the FUD. Due to FUD, people become panic and sometimes their FUD becomes true. Stay away from the FUDER and think yourself about the current situation.

[Jody.Drummer]

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 Bitcoin drops to $8K for whatever reason I think for a period of 4 years before the Bitcoin bull returns I always see a decline of almost 80% then anything can happen. Obviously, I wouldn't sell Bitcoin for any reason during a sharp decline, but most people think I will definitely buy more in a time of decline because we know that moment won't come back any time soon.

[wiss19]

A rise of 30k is small based on the price that we see now so I don't believe on that speculation. For me for btc to fall down to 8k we need to reach a really high level like 80k and above because we know that after the pump, the dump then takes place.

The price might not exactly dump at 8k because it can be too low already but most of the times the decrease of the price can continue, like on what we are seeing these days. That can be the only way to reach 8k. Fed might be strict now but I think the price of the btc isn't only dependent on them. That is why I believe that there's always a chance for the btc to recover and increase at a whole another level.