If Bitcoin drops to $8k

[coinerer]

I believe Bitcoin will get to another All Time High, it's just matter of time, but it can also go the other way. Nothing is assured!

Yup.
We've waited for 3 years until bitcoin has broken its former all-time high, $20k. And it only took a month or two in 2020 until it reached $20k again when it was under on that level.
I also believe that we'll see a new ATH and this has proven the cycle to be real and it will come with bigger traditional players just like how it went in 2022. I'm trusting and have confidence in it especially when we're approaching to the next halving.

it is true bitcoin will make a new ATH . but no one don’t know when it will happen. if market follow the structure of 2017-2022 then it will normally take 4 years to make a new ATH . but i am not sure . but probably it can happen in this time row

[kasunrandil]

i will sell everything i have and buying bitcoin and keep just a mobile device which can access internet so that i can store my bicoins. then living as a begger.

[dataispower]

I don’t think bitcoin can drop to 8k . maybe 17k uas the last drop for this year or future. because i don’t think bitcoin can drop bellow $30k after future new ATH . this is last opportunity for usd to bought bitcoin and store it. maybe we will not get any opportunity in future like this

10k going to be a tough nut to crack and I don't think we could ever hit that low. Around $11k-$12k, maybe. If Bitcoin goes lower than $10k, maybe then $8k will be the main topic of the talk. Else, just more fud to something that doesn't seem to have a strong chance to be.

And you also can't guarantee that surity it won't hit under 11k-12k. Main thing no one cannot guarantee it that about the future of currency . When bitcoin was 50k I believed that now it will never go bellow 40k after that when it was below 40k I believe that it will never go bellow 30k and it's gone . So it could also be happen that btc can drop to 8k

There is nothing to disbelieve here. The market can go to any position at any time. We never thought Bitcoin would be between $17k.When the price of Bitcoin was between $69k, no one believed that Bitcoin would come down so much. So looking at the condition of this market, it can be said that the market can come within $8k dollars, there is nothing to disbelieve.

if checked were Bitcoin started as a rising point you can't blame it's falling, i seen bitcoin as a currency that have no strength of varnishing totally, since the currency is not we can predict it's feature and we don't know what it have for the next speed of price except more investors enters the market. The price were $69k then and fall to $17k and remain in $19k and $20k now and people is complaining because maybe they bought when it were $69k. But in 2018 when the price were $10k and the price arised to $69k people did not complain

[Yaunfitda]

I believe Bitcoin will get to another All Time High, it's just matter of time, but it can also go the other way. Nothing is assured!

Yup.
We've waited for 3 years until bitcoin has broken its former all-time high, $20k. And it only took a month or two in 2020 until it reached $20k again when it was under on that level.
I also believe that we'll see a new ATH and this has proven the cycle to be real and it will come with bigger traditional players just like how it went in 2022. I'm trusting and have confidence in it especially when we're approaching to the next halving.

It's really about the cycle, bulls and bears, and for me the harder we fall on this bear market, the higher we go up in the bull run. Of course, it's disheartening to see the price going below the previous high of 2017, this is the first time that it had happen, nevertheless, the chances for a new all time high in 2024-2025 is also very good. Halving might be just around the corner, yeah I know, still about a year to go. But in crypto, time flies very fast. So in the next 5 months it's already end of the year.

[MCobian]

I don’t think bitcoin can drop to 8k . maybe 17k uas the last drop for this year or future. because i don’t think bitcoin can drop bellow $30k after future new ATH . this is last opportunity for usd to bought bitcoin and store it. maybe we will not get any opportunity in future like this

10k going to be a tough nut to crack and I don't think we could ever hit that low. Around $11k-$12k, maybe. If Bitcoin goes lower than $10k, maybe then $8k will be the main topic of the talk. Else, just more fud to something that doesn't seem to have a strong chance to be.

And you also can't guarantee that surity it won't hit under 11k-12k. Main thing no one cannot guarantee it that about the future of currency . When bitcoin was 50k I believed that now it will never go bellow 40k after that when it was below 40k I believe that it will never go bellow 30k and it's gone . So it could also be happen that btc can drop to 8k

There is nothing to disbelieve here. The market can go to any position at any time. We never thought Bitcoin would be between $17k.When the price of Bitcoin was between $69k, no one believed that Bitcoin would come down so much. So looking at the condition of this market, it can be said that the market can come within $8k dollars, there is nothing to disbelieve.

if checked were Bitcoin started as a rising point you can't blame it's falling, i seen bitcoin as a currency that have no strength of varnishing totally, since the currency is not we can predict it's feature and we don't know what it have for the next speed of price except more investors enters the market. The price were $69k then and fall to $17k and remain in $19k and $20k now and people is complaining because maybe they bought when it were $69k. But in 2018 when the price were $10k and the price arised to $69k people did not complain

If we decide to enter the crypto world, we must first learn everything about the crypto world, so that we understand what risks we face.
Don't buy Bitcoin just because we follow other people's advice, but we have to understand Bitcoin, so we spend our money to buy something
we understand. So when the Bitcoin price doesn't move as expected, we don't complain and panic. But most people who complain about
the current bear market, I think because they don't really understand how the crypto world works. Because people who understand the crypto
world well, certainly will not complain when they buy Bitcoin at high prices, because they understand Bitcoin will definitely recover,
and they can make a profit if they are able to be patient holding Bitcoin until it reaches the new ATH price.

[sklopan]

I hope that in the near future there is no threat. At least, I really do not see the reason for such a sharp drop in prices.

[Franctoshi]

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.

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

Definitely, That would be the time I will go all in to buy Bitcoin if that eventually does happen, because it means the biggest opportunity to me, since I missed the $3500 -$4000 corona dump.

I am asking what will you sell to buy more bitcoin if this speculation ever happens

I'm not going to sell anything as to not go against my rules and investment strategy, the market is still a volatile market so I have stick to the rules that says only invest the amount you can afford to loose.

[ScamViruS]

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.

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

Definitely, That would be the time I will go all in to buy Bitcoin if that eventually does happen, because it means the biggest opportunity to me, since I missed the $3500 -$4000 corona dump.

True. The market will give you a chance but it is your responsibility to catch it at the right time. When Bitcoin was dumped during Corona, some people were still waiting for Bitcoin to be dumped more. But their hopes were not fulfilled as you missed that chance. The current situation in the market suggests that the market is giving us an opportunity to take a long-term position. No one can say where the next bottom is, so you have to take a position depending on the market conditions as experienced traders do.

[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.

That would definitely be a buy signal because "buy the rumor" "buy the dip".
I wouldn't sell anything to buy bitcoin but may be I would close my fixed deposit to buy more bitcoin.
May be if I have enough spare cash then I would use that money to buy bitcoin.
As long as we are using the opportunity to buy the dip I am good.

[blockman]

Yup.
We've waited for 3 years until bitcoin has broken its former all-time high, $20k. And it only took a month or two in 2020 until it reached $20k again when it was under on that level.
I also believe that we'll see a new ATH and this has proven the cycle to be real and it will come with bigger traditional players just like how it went in 2022. I'm trusting and have confidence in it especially when we're approaching to the next halving.

it is true bitcoin will make a new ATH . but no one don’t know when it will happen. if market follow the structure of 2017-2022 then it will normally take 4 years to make a new ATH . but i am not sure . but probably it can happen in this time row

Yes, we all know that time will come but we need to wait because there's no accurate time when it will be. At least we have the pattern that every after of the halving.
That's the time the market goes on the bull and then the bear comes again. The cycle that we've known and we all have the idea when it's coming and that's why if you know that pattern, you should have yourself buy those coins at the sale now.

[FlamingFingers]

One thing about market is that it's psychology.

And market most times does opposite of what majority expected.

Currently alot of fear in the market and majority expecting dump.

But it's good for the whale to pack everything and move on since majority are currently afraid to come in.

If we see 30k now majority will now come in and be calling for 100k then whale will start taking profit when majority start calling for a higher numbers.

[Toni Ross]

If it does reach $8k, I guess the price will go down more. But it’s hard to tell. Long-term investors should sell and rebuy again, while for short-term investors it can be beneficial since bitcoin has re-bounced and reached back to its levels.

[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.

If I'm sure the price of Bitcoin will fall to 8k$, there's no reason for me to hold on now, but instead I'll sell it immediately after it falls to 8K$, I'll buy Bitcoin again, it's just that simple, but we all always know that it's difficult. guess what its price will be whenbitcoin falls, and we also don't know when it will fall in the market especially since we are still in the bear market at the moment and we don't know the movement of the thoughts of the whale investors of Bitcoin , that's our big problem.

[LUCKMCFLY]

The possibility of Bitcoin drop to $8k all the way from $69k is very low, we know Bitcoin is the world's leading cryptocurrency so by that it has a very high volatility, each time it drops, people gets panics and sells off there BTC, when it rises again dey buy at loss prices which isn't suppose to be so but those who understands crypto and have studied Bitcoin knows no matter how it falls, it'll rise again, it fell from $69k  and to $19k, and people are taking advantage of every Single move of it, imagine those who short BTC from $69k to $20k how much profit they'll be on. I'm not saying there's no possibility of it hitting $8k but if it does then it's going to $0 gradually and there's a very strong support at $0 which will skyrocket it upwards. One thing I know is certain. One-day, sometimes Bitcoin will be at $100k+ and we'll still say it's in deep, so as you're holding, also be making profits from the day trade

Bitcoin have dipped in the past months and will continue to dipped because of the high volatility in the market. Bitcoin have breaken all the support and resistance in the structure of technical analysis, experts loses their money in the rapid bearish movement of Bitcoin and some have even withdrawn their money from Bitcoin. In early this month, Bitcoin hits it's ATL price which ranked to $17,588 but presently today it's has climbed to $20k. For Bitcoin to dip to $17k, there's every possiblity that it will still hits $8k in less than no time. We will still be keeping our eyes on Bitcoin as others have a very mindset that it would run down to a $0 while others hope before the end of the year, it would shoots up to a long run of $100k. This space is unpredictable because of the constant bull and bear Market, we are experiencing everytime.

At this time it is very possible that anything could happen for BTC, this is not the time to ensure that BTC will not fall any more, at least I do not see it that way, I am a very optimistic person, but I cannot cover the sun with a finger either and obviously if there is still a war in Ukraine and RUSSIA, there will be no peace, and that peace translates into market instability, and a lot of panic, it can also be said that another possible war is at the gates of China and Taiwan, the danger is not Tawan but that the USA enters the conflict to defend Taiwan and that represents that many countries enter NATO, so while there are those risks of war, it is difficult for the price of BTC to rise calmly.

[koang]

At this time it is very possible that anything could happen for BTC, this is not the time to ensure that BTC will not fall any more, at least I do not see it that way, I am a very optimistic person, but I cannot cover the sun with a finger either and obviously if there is still a war in Ukraine and RUSSIA, there will be no peace, and that peace translates into market instability, and a lot of panic, it can also be said that another possible war is at the gates of China and Taiwan, the danger is not Tawan but that the USA enters the conflict to defend Taiwan and that represents that many countries enter NATO, so while there are those risks of war, it is difficult for the price of BTC to rise calmly.

The crypto market has been hit fast and possibly the hardest, Bitcoin price isn’t predictable
But Bitcoin is here to stay. Our job is to survive
Hang in there. There is always light at the end of the tunnel, even if we can’t see it yet

[Piesel]

i will sell everything i have and buying bitcoin and keep just a mobile device which can access internet so that I can store my bitcoins. then living as a bigger.

The best time to buy Bitcoin is now that the price is still within the range of 20k, so buying more Bitcoin is the best store of value because in the nearest future let's say 5 months from now the price of Bitcoin will make a new all-time high and there is going to be a massive bull run in 2023 as Bitcoin gains more public adoption and countries coming to term with bitcoin ecosystem. So ultimately Bitcoin may not go further deep as the correction benchmark already exists.

[tigerwood0432]

Yes bitcoin can go to 8k very soon . it will be cool , will buy at good price

[Fredomago]

i will sell everything i have and buying bitcoin and keep just a mobile device which can access internet so that I can store my bitcoins. then living as a bigger.

The best time to buy Bitcoin is now that the price is still within the range of 20k, so buying more Bitcoin is the best store of value because in the nearest future let's say 5 months from now the price of Bitcoin will make a new all-time high and there is going to be a massive bull run in 2023 as Bitcoin gains more public adoption and countries coming to term with bitcoin ecosystem. So ultimately Bitcoin may not go further deep as the correction benchmark already exists.

Considering the last time high, I agree that it's a good position to buy bitcoin if you are willing to wait for a much better value. It might take some time since the bear and the bull still fighting for the domination and it's up to all buyers if how they will take their investment. It's tough if you are unsure.

But, it's also your advantage if you are well-aware to how the market will move and how will you anticipate the possible next run.

[kamvreto]

i will sell everything i have and buying bitcoin and keep just a mobile device which can access internet so that I can store my bitcoins. then living as a bigger.

The best time to buy Bitcoin is now that the price is still within the range of 20k, so buying more Bitcoin is the best store of value because in the nearest future let's say 5 months from now the price of Bitcoin will make a new all-time high and there is going to be a massive bull run in 2023 as Bitcoin gains more public adoption and countries coming to term with bitcoin ecosystem. So ultimately Bitcoin may not go further deep as the correction benchmark already exists.

Considering the last time high, I agree that it's a good position to buy bitcoin if you are willing to wait for a much better value. It might take some time since the bear and the bull still fighting for the domination and it's up to all buyers if how they will take their investment. It's tough if you are unsure.

But, it's also your advantage if you are well-aware to how the market will move and how will you anticipate the possible next run.

a good position to buy could be at this time, but the bear market is still in control. We also have to have spare money to anticipate when the market price crashes again.
$8k or a close is possible, it's only a matter of time, whether the market is strong to hold it or the market continues to be bearish.
I've invested some of my money in some of the top bitcoins and altcoins, now there's only spare money left to buy at lower prices again. Always pay attention to market movements to find out where the right price to buy is.

[sklopan]

To be honest, at this price, I would definitely buy more. For me, this would be a very good option to increase profits.