BTC "broke" the support level of 20k USD

[EdenHazard]

Bitcoin is currently trading at $ 19.1k after falling 8% in the past hour,
You know this is the ATH price of the 2017 bull cycle and the first time in history that bitcoin prices go back to the old ATH.

The market is entering its toughest period since 2017 when all coins were divided many times their ATH levels.
This is the moment when we decide to leave the market or our last chance to buy bitcoins cheaply. Perhaps this is the last time we can see bitcoin's price below $ 20k.

We will need to see what happens during the next hours and days, the 20k level was very important and now it has been broken, if the bears are able to keep the price below that level for some time they may succeed in scaring even more people into selling their coins and we could see an even bigger drop, not that I am complaining, since I love the fact that once again I can get myself some cheap bitcoin, even if I do not expect the current price to last for long.

It wasn't if anymore, it is now. You have to realize 20k level is very important for BTC and for years BTC try to cross it. After the ATH, now it falls back below that point, it signals something more worrisome and the whole market can see that. No, it wasn't if anymore, everyone right now has the same thinking: it will go lower and past that range. The market will react to that and pull out even more and chance to drop down below 15k.

Just keep buying!

No matter what .. you will never lost if you didnt leave , so just buy another bitcoin  and stay! Down to $15k like everyone else predicted? It shouldnt be a problem , your 1 bitcoin worth $15k , $10k or $5k ... it would remain 1 bitcoin and the world will see that fact soon , not now but it would do.
Put your seatbelt and enjoy the tough roads!

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[stompix]

Bitcoin Average Mining Costs 30.2k and BTC/USD price was 20k and according to today date those values will change a lot.

Stop with this average!
This is one thing investment by a wanna-be journalist that picked the average electricity prices from each country and made an average compared to the hashrate!

Things don't work like that!
Let me give you one simple example:
October 2020, price below 10k, hashrate at 130exahash, a 30k per bitcoin average price would mean we can support 390 exas (double than current numbers) even without counting the improvement in efficiency since that time as more and more s19 replace older generation miners.

Total Hash Rate (TH/s) is decreasing

Daily averages don't mean a thing.
In the last 24h we had 157 blocks, which would mean an increase of 55 over the last period.
If you're expecting a 30% decrease in difficulty based on that 30k price you're in for a surprise!

[Marvell1]

I'm still possible on Bitcoin in general but I'm not buying the current dip because we all know that the bigger problem is not yet solved. Protect your money. Buy only what you can afford to lose. Buying the dip is not necessary if you are not certain on the direction of the price.

Yes, the bigger problem is not yet resolved so buying now is not necessary, but the current price, in my opinion, is we can start shopping if someone doesn't want to wait any longer. Buying bitcoin now means we have to keep it for a long time and it can last up to a few years. Bitcoin will not bounce back shortly, I guess btc will go sideways below $ 20k for a while enough to shake off the weak hands. Game will be reset before starting a new round.

[mk4]

Its hard to catch the the cheap while the market still bleeding and its early to tell that we are generally buying the dip since as we see the market still on downside and many people still not done with their worries about worst situation that might happen. I'd rather want to trade short at the moment rather than biting the risk brought by current events and live with it.

Quick tip: you can DCA-ing (for long term holdings) while at the same time shorting the markets for profit(if you know what you're doing). You don't always need to be 100% long or 100% short.

[Lucius]

December 7, 2017 btc went up $2500 in one day.
But yes it will be hard to go up.

I'm just saying you should be happy with your position at some point.

You, like me, have experienced a lot of ups&downs when it comes to Bitcoin prices, but at this point it is not realistic to expect us to go back to $30k given all the current circumstances where everything is in the red and most investors are panicking selling everything they have. It is easy for me to be happy even at this moment because I am not so burdened with the price of Bitcoin, but I understand all those who experience all this as a complete disaster, and I hope they will learn important lessons and be much smarter in the future.

[Tomohisa]

Just keep buying!

No matter what .. you will never lost if you didnt leave , so just buy another bitcoin  and stay! Down to $15k like everyone else predicted? It shouldnt be a problem , your 1 bitcoin worth $15k , $10k or $5k ... it would remain 1 bitcoin and the world will see that fact soon , not now but it would do.
Put your seatbelt and enjoy the tough roads!

Do you mean the wild ride with Mr.Bones? No thanks, I rather keep my bag intact and be ready when I need to jump in to buy the dip. If I have $10k and bought in when BTC at $10k, I only have 1 BTC but if I stood out and bought at $5k, I got 2 BTC. See your match?

Quick tip: you can DCA-ing (for long term holdings) while at the same time shorting the markets for profit(if you know what you're doing). You don't always need to be 100% long or 100% short.

This is what I'm doing right now. DCA gives you a better chance to mitigate the risk in case it goes lower than [insert what price range you think was the floor].

[Bitcoin2009]

It's been more than 3 days the bitcoin price is still in the $20k range, it went up to $21k but dropped again, hopefully bitcoin doesn't drop below $20k, many discussions and influencers suggest buying because the price will pass the ATH that happened in 2021 which is $69k.