If Bitcoin drops to $8k

[Pandu Geddon]

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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.

save your money in case the market suddenly crashes again. if you have saved enough bitcoins and top altcoins, then you just have to wait and be patient. pump moments will surely come to pick you up with profits.

to be honest, I don't think Bitcoin will go down to $8k. although it's normal to happen, for me it's too far. The downward trend that has occurred this season is quite deep. reaching $15 for me is the limit of reasonableness. but if it's more than that, it seems very difficult to accept.

[kamvreto]

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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.

save your money in case the market suddenly crashes again. if you have saved enough bitcoins and top altcoins, then you just have to wait and be patient. pump moments will surely come to pick you up with profits.

to be honest, I don't think Bitcoin will go down to $8k. although it's normal to happen, for me it's too far. The downward trend that has occurred this season is quite deep. reaching $15 for me is the limit of reasonableness. but if it's more than that, it seems very difficult to accept.

Anything can happen in the crypto world overnight, my lowest target is still in the $8k-$9k area it still looks normal, and of course there will be massive buying if the target is achieved. if the price at $15k is as strong as your target limit, chances are it won't go any lower than that.
But we'll see where the market price will go, we can only predict but it won't be 100% accurate. Only need to prepare money for buyback at a low price.

[Sebas.tian]

Bitcoin dumping to $8k is is very possible in the bearish market. It's current price is currently $20k and it's was down to $17k in the mid week and their is a very strong support that it will break all resistance before retesting back to a bullish run which all of us are waiting for. Crypto is nothing without Bitcoin since its the first digital coin and it's market cap is weigh too high. But if the wordt happens and Bitcoin dumps to $8k, the patient investors will be grateful and purchase season much pieces of it.

I think, it will be difficult for Bitcoin price to dump to $8,000 in this year 2022, because the green light is preparing to be fully stable through out the remaining months for people to smile again in the community. Now that the price of Bitcoin is between $19,000 or $20,000, which will be the lowest price before the price will hit higher for those that bought in a low price to release their coins for sale to make a good profits from the market.  It will definitely be great for those who understand the bearish season to hold and wait for the price to move higher before they can sell to make a passive incomes from the market.

[BobK71]

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.

The current price of Bitcoin is $19k and if I see it lower than $15k to $14k I will try to sell it as the price may drop further. But if it goes below $10k I will try to buy as much as I can. Because I believe in Bitcoin. I know all will be well and then BTC will move positively towards its previous position again.

[Rockstarguy]

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 far as bitcoin price does no fall to 0, no matter the amount it drops hodling is just the way forward.  It falls for sure their would be some people who will want to sell in panic, investor will still buy more no matter the amount the price drop to because they under stand buying at every dip is an opportunity.

[CryptoYar]

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 going to sell anything/ nor taking any loan to buy bitcoin, only converted my x% of fiat money into bitcoin.

The current price of Bitcoin is $19k and if I see it lower than $15k to $14k I will try to sell it as the price may drop further. But if it goes below $10k I will try to buy as much as I can. Because I believe in Bitcoin. I know all will be well and then BTC will move positively towards its previous position again.

What if after you sell bitcoin takes a big jump to the upside... And you never get that price where you sold, Hahaha.

It could be good strategy, but this is a risky one. In my opinion, you should focus on DCAing.

[jossiel]

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

$8k is low so definitely many are going to buy at that low.

Whoever won't buy at that time even just for the sake of DCA, don't really have that much attention to the price.

While everyone is surely going to buy with that rice, then there goes the others that are making excuses despite that they've said that they'll buy.

[nurilham]

If it does reach $8k, I guess the price will go down more. But it’s hard to tell.

How do you know it will drop more once the price reaches $8k? Give your reason or proof?
I even don't think Bitcoin price has a chance to reach $8k again. Its ATH is $68,789 (CMC), how can it drop to $8k? I believe BTC price will stay above $10k, but I don't know what the lowest price will be.

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.

Both short-term and long-term investors will sell and rebuy. But a long-term investor probably will wait for the lowest rate to buy although some investors buy gradually in each big dump. Both get benefits from this bearish season, they have a good time buying. Anyway, I don't see a too big difference between them, it is only about how long to hold.

[Fredomago]

The situation in the market that is seen from time to time, it seems that the bit can come up to 8k dollars.A few days ago, even though the Bitcoin market was running upwards, I can see that Bitcoin is going to be dumped again.If there is such a situation in the bitcoin market, people take it Will move away from investment.

The market in still unclear, we might see good bounce and it will stay up for a while but because of volatility we don't know when the market will dump back and how hard it will be after this short recovery, though it's still far from the last time high and if in case that there are more sellers than those who wanted to buy, the market will suffer from big downfall.

Every investment has the kind of risk. It's your take as investors or as traders to how you see any advantage in each market conditions, still on your own interpretations.

[sensimilia]

If Bitcoin really reaches $8000 then people's confidence in crypto currency will decrease a lot. Many people have already lost faith in Bitcoin because of some coin scams. Crypto market is a very risky investment area so before investing in it you must have a detailed understanding of the risks. If not, you may face a big loss.

[LUCKMCFLY]

I don't think there are any signs of death yet. At least, it seems to me that so far the results can even be positive. Especially if you do the right analysis.

What happens is that in the market there are not many signs if the event occurs, although I am very pro bitcoin, sometimes we have to get the idea that the scenario of falling to 48k is in the posbidlaides and that it is not impossible, but for one must prepare for them, because in that eventuality they must have certain margins of indication through volume, usually BTC does not fall all at once, the last stage of accumulation was up to $10k more or less and started from the $2k, so the range is wide, it might happen, but if it does, I think a lot of people would get desperate and sell, and that's the wrong thing to do.

[Raflesia]

If Bitcoin really reaches $8000 then people's confidence in crypto currency will decrease a lot. Many people have already lost faith in Bitcoin because of some coin scams. Crypto market is a very risky investment area so before investing in it you must have a detailed understanding of the risks. If not, you may face a big loss.

I don't know why people have so little faith in bitcoin when it drops to $8,000 so I think it's a good opportunity to buy as much bitcoin as possible, I'm also not sure they don't trust bitcoin so much but they will wait for better prices to start investing, but if our souls attached to bitcoin as low as any we have to believe that it's a good profit to buy cheap bitcoin.

That risk must be faced and in this situation we will feel the impact but believe me with patience holding bitcoin we will definitely benefit later.

[JollyGood]

$18,000 or $8000 or $800...

It is difficult to state what will happen and which circumstances will lead to someone hold or sell but what can be said is that there was and will always be panic buying and selling because of FUD. Whether stocks and shares, crypto or anything else in a free market, FUD does play a part.

Those that sell now to buy later do not always get what they want as it really works only when the selling price is high enough to entice a sale at a time when a price drop is expected. I would advise to not play that game as it can backfire spectacularly.

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.

[kawetsriyanto]

If Bitcoin really reaches $8000 then people's confidence in crypto currency will decrease a lot. Many people have already lost faith in Bitcoin because of some coin scams.

Many people may panic if Bitcoin drops to $8000. But that doesn't mean all people will begin to leave Bitcoin. For those people who believe in Bitcoin future, it should be a time to buy Bitcoin at a very cheap price. More drops, real Bitcoin holders probably buy more. By the way, I assume only people with a weak trust in Bitcoin who are worried about Bitcoin and think it to drop to $8000. While for people who are confident with Bitcoin, I am sure they never think that Bitcoin price to drop below $10000, even if it is not impossible.

[GeraldTucker]

There is a possibility. Analysts are saying that the market will recover around mid 2023. So, if that’s the case, then we could expect the market to go as low as $8k.

[m2017]

If Bitcoin really reaches $8000 then people's confidence in crypto currency will decrease a lot. Many people have already lost faith in Bitcoin because of some coin scams.

Many people may panic if Bitcoin drops to $8000. But that doesn't mean all people will begin to leave Bitcoin. For those people who believe in Bitcoin future, it should be a time to buy Bitcoin at a very cheap price. More drops, real Bitcoin holders probably buy more. By the way, I assume only people with a weak trust in Bitcoin who are worried about Bitcoin and think it to drop to $8000. While for people who are confident with Bitcoin, I am sure they never think that Bitcoin price to drop below $10000, even if it is not impossible.

Undoubtedly, a fall in bitcoin's value to $8000 will create a huge panic in the cryptomarket and massive sales of this asset. This is on the one hand. On the other hand, as you say, bitcoiners will act in the opposite direction and will buy back btc at a cheap price. This will serve as some counterbalance and prevent further falling. At least not from a hard fall. But to be honest, I don't expect the price of bitcoin to drop to $8000 at all. It was already discussed in one of the threads that the suggested lower limit is ~$13.000 based on historical comparison with previous bitcoin drops.

[kawetsriyanto]

There is a possibility. Analysts are saying that the market will recover around mid 2023. So, if that’s the case, then we could expect the market to go as low as $8k.

Yep, there should be always a possibility but seems unlikely to drop to $8k if we consider its ATH.
Wich analysts predict the crypto market will recover in the mid of 2023? However, it makes sense if Bitcoin price begins to recover in the middle or the end of 2023 since there will be Bitcoin halving in May 2024. But this doesn't guarantee that Bitcoin will drop to $8k because there is still a lot of time for the bearish season.

Undoubtedly, a fall in bitcoin's value to $8000 will create a huge panic in the cryptomarket and massive sales of this asset.

Indeed. There is a possibility of a big change in crypto market if Bitcoin really drops to $8k. I can't imagine how people will panic to see a huge loss in their assets! I doubt many people starting to doubt crypto future. And I am not sure Bitcoin will create a new ATH if it drops too low.

But to be honest, I don't expect the price of bitcoin to drop to $8000 at all.

Me, too. I still believe the ATL will be above $10,000 if no big issues that probably bring negative impacts on crypto market.

[Eugene Buck]

There is a possibility, but we can’t really predict what will happen. This is a hard time for us. So, we should be clear of what we want to do. And please have an emergency fund.

[LUCKMCFLY]

If Bitcoin really reaches $8000 then people's confidence in crypto currency will decrease a lot. Many people have already lost faith in Bitcoin because of some coin scams.

Many people may panic if Bitcoin drops to $8000. But that doesn't mean all people will begin to leave Bitcoin. For those people who believe in Bitcoin future, it should be a time to buy Bitcoin at a very cheap price. More drops, real Bitcoin holders probably buy more. By the way, I assume only people with a weak trust in Bitcoin who are worried about Bitcoin and think it to drop to $8000. While for people who are confident with Bitcoin, I am sure they never think that Bitcoin price to drop below $10000, even if it is not impossible.

I have seen many people who are worrying a lot about what has not yet happened and this is not a good thing, it is not a healthy thing, and we must take into account that it can happen, but it does not mean that we have to decide what to do, to many of this would be the end and many would sell, which is a very bad decision, the correct thing in these cases is to take advantage of being able to buy in order to accumulate as much BTC as possible, because something that the BTC market has not taught us is that it will have a new ATH and very juicy, if people thought that this would happen, they would take advantage of buying at $8k because it would simply be a bargain.