If Bitcoin drops to $8k

[Xampeuu]

And who even believes in such a scenario? To be honest, I highly doubt such a scenario, because the situation is not at all similar to the fact that such a result can be obtained.

That's OP's thought and all of it was what if's only but would you believe that there's a chance that Bitcoin would rather reach that bottom in the near future? It might not be true but the I think almost everyone here want that kind of price so that they can buy but I doubt there's a room for that in the future although the last bottom that I've seen was $3k so it might be possible though with the halving things might turn different this time.

any predictions and possibilities can happen, but actually no one knows for sure about bitcoin price movements. but right now it's not like 2018, where people are getting bolder to take advantage of every bitcoin decline according to their respective analysis, so we can see bitcoin only moving in the space of around $30k. but when it hits $8k, I think it's a golden opportunity to invest, although I'm sure there will be a lot of doubts and fears, given that there will be a lot of FUD in circulation.

[jaberwock]

Everything can happen, what we think is impossible to happen easily, as the price of Bitcoin in 2013 rose from under $ 100 and then skyrocketed to more than $ 1000, and vice versa the price of $ 1000 returned to under $ 100 in 2014, but the most important thing was We always get profit when prices go up or down.

I agree that bitcoin price got to $1200 in November 2013, but I do not see any data that indicates that bitcoin price falled below $100 in 2014, the price in 2014 did not even fall below $200 according to what I am checking here. But I understand what you are saying and you are right, bitcoin price is very volatile but also not fully right because bitcoin is less volatile than those periods, but that does not mean that bitcoin volatility is not massive again, it is very much massive, but not massive like before.

There might be no such thing as 1.2k to 100 dollar on that said year but there is a year where the price reached over 15k and then it drops back to 3k. I think this drop is more worst than the earlier drops that happened but bitcoin overcome it once again. It would be strange to see a 200 dollar drop in the year of 2019 because the adoption that time is already high and the market have matured a lot.

I don't think we can see those numbers again or a drop below 1k but many people still speculates that btc can fall to 8k and 3k. I am only confused how you describe the volatility of btc. To me, massive volatility means the price actively falling and decreasing like what we see lately but a huge drop is already considered to as bear.

[sklopan]

According to analysts, this is not a threat to us in the near future.

[Fredomago]

And who even believes in such a scenario? To be honest, I highly doubt such a scenario, because the situation is not at all similar to the fact that such a result can be obtained.

That's OP's thought and all of it was what if's only but would you believe that there's a chance that Bitcoin would rather reach that bottom in the near future? It might not be true but the I think almost everyone here want that kind of price so that they can buy but I doubt there's a room for that in the future although the last bottom that I've seen was $3k so it might be possible though with the halving things might turn different this time.

any predictions and possibilities can happen, but actually no one knows for sure about bitcoin price movements. but right now it's not like 2018, where people are getting bolder to take advantage of every bitcoin decline according to their respective analysis, so we can see bitcoin only moving in the space of around $30k. but when it hits $8k, I think it's a golden opportunity to invest, although I'm sure there will be a lot of doubts and fears, given that there will be a lot of FUD in circulation.

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.

[Botnake]

And who even believes in such a scenario? To be honest, I highly doubt such a scenario, because the situation is not at all similar to the fact that such a result can be obtained.

That's OP's thought and all of it was what if's only but would you believe that there's a chance that Bitcoin would rather reach that bottom in the near future? It might not be true but the I think almost everyone here want that kind of price so that they can buy but I doubt there's a room for that in the future although the last bottom that I've seen was $3k so it might be possible though with the halving things might turn different this time.

any predictions and possibilities can happen, but actually no one knows for sure about bitcoin price movements. but right now it's not like 2018, where people are getting bolder to take advantage of every bitcoin decline according to their respective analysis, so we can see bitcoin only moving in the space of around $30k. but when it hits $8k, I think it's a golden opportunity to invest, although I'm sure there will be a lot of doubts and fears, given that there will be a lot of FUD in circulation.

There will be a huge panic if bitcoin even reaches $10k, I think that will be the lowest, but I won't be surprised if they will reach that low because bitcoin is in the bearish mode now, and therefore we should not be surprised since it has already happened in the past that bitcoin has collapsed, it's even declared dead many times already.

While some people are in panic, we should consider this as an "OPPORTUNITY".

I'm sure if we will miss this opportunity, we will talk about regrets in the future.

[Tellek Garing]

A lot of late comers will wish the price of Bitcoin to drop to that point so that their can join the party, but considering how high the price of Bitcoin has been in recent times I don't think seeing the $8k price may look like an impossible task.

But if that ever happened then I will be among those that will take advantage of that to fill up some space and become among the big bag holders.

[BIT-MASTER]

The  US  Commerce Department's announcement of a reduction in the US trade deficit in April gave the market a signal that supply chain turmoil had reached its peak, lowering the 10-year yield below 3% and drive-up the overall stock market. Of course, it is not certain whether this kind of positive investor sentiment will continue in the future.
Goldman Sachs predicted
that global oil prices would reach $140 per barrel in the third quarter, warning that consumption could slow due  to  soaring  energy  prices.  In addition,  the  World  Bank  (WB)  has  also  emphasized  the  risk  of  stagflation  by downgrading the global economic growth forecast for this year to 2.9% from the previous 4.1%.

[sana54210]

I don't think that price of Bitcoin drops to 8k because more money and holding has gone into BTC to sustain good value. It is very difficult for bitcoin to go even below 15k. If it goes around 8k then we have a great chances to make a grand entry. Bitcoin has made impact all round the world and has a special place in crypto industry.Looking at its limited supply price is definitely going to increase in future. This question has not much to answer because it is very rare that price will down to 8k point

If you check the topic, you will realize that absolutely nobody believes that it would reach there at all, it is obvious that we are not going to end up with 8k and nobody thinks that it would happen. Of course, there are a few people who believes that, it is not common but they do believe that, but that is alright, no problems with it at all, only just a small percentage, like 5% to 10% people believing that is not a problem at all.

I personally would like to see it go down a bit more so I can buy some more, but even I do not believe that it would even though I want it to. Hence, you are not alone thinking what would happen with the situation.

[Falconer]

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.

[Kelvinid]

A lot of late comers will wish the price of Bitcoin to drop to that point so that their can join the party, but considering how high the price of Bitcoin has been in recent times I don't think seeing the $8k price may look like an impossible task.

But if that ever happened then I will be among those that will take advantage of that to fill up some space and become among the big bag holders.

We can no longer expect that price either ($8k). Though we can see dump and market correction, we also see the demand causing the price to counter the declining trend. Many haven't been affected by the current situation as they still manage to hold their fund which is a big help to prevent market losses its value.

Thus, if we think about waiting for the price of Bitcoin to drop more (or even just below $20k), we are actually wasting time doing it. Not I'm saying it was hopeless to see but in some reason that it never happen which I've mentioned above already.

[Tellek Garing]

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.

[Oilacris]

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.

-5 - -10% a day is a casual movement in the market
10-25% Nearly normal but theres some events happening in the market.
50-60% its a trend change

But in overall these are typical movements that we do have in the market.In terms of increase then it could increase on opposite manner too.
Market is really just like this on where it could move into two possible paths and intensity would really be depending on certain conditions or factors.

[Shasha80]

A lot of late comers will wish the price of Bitcoin to drop to that point so that their can join the party, but considering how high the price of Bitcoin has been in recent times I don't think seeing the $8k price may look like an impossible task.

But if that ever happened then I will be among those that will take advantage of that to fill up some space and become among the big bag holders.

We can no longer expect that price either ($8k). Though we can see dump and market correction, we also see the demand causing the price to counter the declining trend. Many haven't been affected by the current situation as they still manage to hold their fund which is a big help to prevent market losses its value.

Thus, if we think about waiting for the price of Bitcoin to drop more (or even just below $20k), we are actually wasting time doing it. Not I'm saying it was hopeless to see but in some reason that it never happen which I've mentioned above already.

We have experienced a Bitcoin price drop that is worse than it is now. So many investors have learned from the previous bearish trend,
therefore now far more investors decide to hold their Bitcoins rather than having to sell them when there is a bearish trend. Therefore,
if it is true that the bearish trend that occurred this year will run throughout the year, I'm pretty optimistic that the Bitcoin price won't drop
below $20k, especially when it hits $8k it seems impossible.

So it's not only a waste of time waiting for the Bitcoin price to drop to $8k, but it's an action that we will regret in the end. Because we will miss
the opportunity to buy Bitcoin at a low price, and will regret it if soon the Bitcoin price is bullish again. My advice is to buy Bitcoin at the current
price is the right time, because the Bitcoin price is now at a low price. Due to the large number of institutions joining, this makes the Bitcoin
support price very strong and it is unlikely that Bitcoin will fall below $20k.

[Dhrugtest]

Hmmm this would be wide in crypto space $8k down from $30k this will affect so many holders and traders here so much which some people earn their hard earn money online i pray will will break it's ATH at it's does from the previous one let watch out for it.

[lixer]

There could be a strong support at $26000, but the strong support we notice now is even higher than $26000 because bitcoin only got to that $26000 only once and it was like two months ago and has been seen a strong support at $27000 to $30000 ever since that time. But that does not mean bitcoin price can not decrease further but I believe the $3800 of 2019 and 2020 which was lowest bitcoin price after 2017 ATH may be the $19000 or $20000 of this time, but we are only guessing this though.

I get that people are looking at 26k as a strong support, but the reality is that we are looking at something that would be quite beneficial for us in the long run if we just look at the 30k level. Even if it goes under that, which it does sometimes, it doesn't really end up with a bad result for a long time, it just gets up from there to a higher level.

This is why I personally believe that we won't be under 30k too much, and not for too long. It may happen time to time, but that's about it and we will recover. So all in all, the best way to make money would be to invest at around these prices, because the downside of it is not that big at all.

[MiF]

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.

You will only get loss if you sell at loss,so the best dicision is to hold and wait for the another bullish season, i think if btc drop down to 8k$ we need to be calm and stop looking on our investment portfolio and to have peace of mind we need to think about the last ATH which reach up to 60k$. Most of the new investors  loss because they do panic selling when the price drop 90% without knowing the fact that if we buy some more big earnings will come when bullish season start again.

[Oilacris]

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.

You will only get loss if you sell at loss,so the best dicision is to hold and wait for the another bullish season, i think if btc drop down to 8k$ we need to be calm and stop looking on our investment portfolio and to have peace of mind we need to think about the last ATH which reach up to 60k$. Most of the new investors  loss because they do panic selling when the price drop 90% without knowing the fact that if we buy some more big earnings will come when bullish season start again.

You wont loss nothing if you dont sell and that should really be the thing in mind because if you do freak out whenever the price declines then you would
really be ending up with this situation.

If bitcoin would drop to 8k then its a good opportunity for you to get in or accumulate cheap coins because these times arent something that very common or
usually happen which means that its a good time to get in.

Dont expect for some bullrun or recovery afterwards because you cant assure that everything would be happening in the future
but there's always the chance.

[niceli]

Not selling is a great easy thing to do, and yet some people do not really understand that they can literally do nothing and still make a profit. I get that selling and buying lower would make you a lot more profit, if you sold at 68k and rebought at 26k that would have been a serious profit, amazing. However, if you have failed to do that so far, trying to sell at these levels makes no sense to me at all. Traders I can understand, its trading, you buy and sell daily sometimes even within minutes, but to do that with literally months of waiting and still ending up with the same results? Dude wait a little longer and you will profit.

[monineklutak]

everyone wants Bitcoin to be cheap, even at $1000, haha but it's just a stupid dream,
Bitcoin is supported by many parties, companies, and everyone in the world has it, will they sell it at a low price?
of course NO, $8000? that won't happen either  

[DoublerHunter]

everyone wants Bitcoin to be cheap, even at $1000, haha but it's just a stupid dream,
Bitcoin is supported by many parties, companies, and everyone in the world has it, will they sell it at a low price?
of course NO, $8000? that won't happen either  

^ Supported by big companies and also many countries already accepted as a legal tender, so I don't think BTC will drop below $8k.
The entire community did not believe in this prediction, we have here believed that BTC will possibly reach again to the previous ATH, and even though we are non the bear season right now, possible BTC will resist at the end of the day. However, if you think it correctly, you don't have any losses not unless you will sell all your asset.