if you think 18k btc is low wait until autumn ...

[gweb1996]

if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot  in btc.

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[The Sceptical Chymist]

You might want to move this to the Speculation section, as it's more appropriate there.

As far as your prediction goes....people always start calling doomsday when prices sink and moonshot when they're going up.  Sometimes they're right, sometimes not.  Things are looking pretty dire at the moment, so who knows?  I certainly didn't think we'd be seeing bitcoin dip below $20k this year, but c'mon--this is bitcoin we're talking about.  Crazy-ass price swings have always been a part of the game.

Stay optimistic, all of you who are panicking. 

[gweb1996]

You might want to move this to the Speculation section, as it's more appropriate there.

As far as your prediction goes....people always start calling doomsday when prices sink and moonshot when they're going up.  Sometimes they're right, sometimes not.  Things are looking pretty dire at the moment, so who knows?  I certainly didn't think we'd be seeing bitcoin dip below $20k this year, but c'mon--this is bitcoin we're talking about.  Crazy-ass price swings have always been a part of the game.

Stay optimistic, all of you who are panicking.  

The fundamentals are not good for btc

Ask yourself this question:

Why would you pay 18000 USD ( a car, food for a year for some, food for 10 years for some ) on 1 virtual coin ( number in your phone or laptop )? That does nothing if you leave it in your wallet  The crop on btc was collected at 60k now it has no more apples, the apple tree is dying...

[dothebeats]

Another time traveller it seems. I can't wait for bitcoin to cross sub-$10k again and by then, I will make sure that I won't make the same mistake of not buying a lot when my finances can afford such a purchase. Autumn is usually where things go haywire and pumps happen, so I'm not quite sure whether we'll see even more dips by then. But hopefully you're right, just for the sake of a good price to buy in.

[Z-tight]

Why would you pay 18000 USD ( a car, food for a year for some, food for 10 years for some ) on 1 virtual coin ( number in your phone or laptop )? That does nothing if you leave it in your wallet  The crop on btc was collected at 60k now it has no more apples, the apple tree is dying...

The question you should rather ask yourself is why have people been paying far much higher for it previously, why have people fomo'd into buying bitcoin even when it was above 50k USD, so why wouldn't they buy now, when nothing changed, just the normal volatility.

Your prediction just like some others in the past wouldn't age well, just to provide an answer to your question, people will buy bitcoin because of its usefulness in the society for btc enthusiast, it can do stuffs other than just holding or leaving it in your wallet.

[Husires]

In these moments, the extremist analyzes will appear, whose owners are trying to appear that they are smart, considering that Bitcoin will go to either zero or to 10 thousand or others. All of these are arguments that are supported only by the fear of loss and it may not happen. If it happens, try to learn how to benefit from it, otherwise do not concern yourself with it. .


What you are trying to say is a nice version of the statement that Bitcoin is dead.

https://www.bitcoinisdead.org/

All the times people said Bitcoin is dead, Bitcoin proves the opposite after a few years.

[gweb1996]

Why would you pay 18000 USD ( a car, food for a year for some, food for 10 years for some ) on 1 virtual coin ( number in your phone or laptop )? That does nothing if you leave it in your wallet  The crop on btc was collected at 60k now it has no more apples, the apple tree is dying...

The question you should rather ask yourself is why have people been paying far much higher for it previously, why have people fomo'd into buying bitcoin even when it was above 50k USD, so why wouldn't they buy now, when nothing changed, just the normal volatility.

Your prediction just like some others in the past wouldn't age well, just to provide an answer to your question, people will buy bitcoin because of its usefulness in the society for btc enthusiast, it can do stuffs other than just holding or leaving it in your wallet.

Speculation / gambling ...not investment,also it's a pump and dump game that noobs do not know ...

The internet is full of pump and dump groups https://www.telegram-groups.com/pump-telegram-group/

[Gambit2s]

Yup its dead..

[naira]

snip~  

The fundamentals are not good for btc

Ask yourself this question:

Why would you pay 18000 USD ( a car, food for a year for some, food for 10 years for some ) on 1 virtual coin ( number in your phone or laptop )? That does nothing if you leave it in your wallet  The crop on btc was collected at 60k now it has no more apples, the apple tree is dying...

I know such an analogy, from a logical point of view, of course there will be no result if we just keep it in the wallet. But please what if you look at it from an investor's point of view? they know when to hold on to long-term interests. Bitcoin hasn't just dropped once and we've been through that season year after year. There's no need to compare it to buying a car and buying food for a year. Because the portion of need already has its share before we drop money in Bitcoin. Simply put, do you believe in the future that ATH will exceed $70K?

[gweb1996]

snip~  

The fundamentals are not good for btc

Ask yourself this question:

Why would you pay 18000 USD ( a car, food for a year for some, food for 10 years for some ) on 1 virtual coin ( number in your phone or laptop )? That does nothing if you leave it in your wallet  The crop on btc was collected at 60k now it has no more apples, the apple tree is dying...

I know such an analogy, from a logical point of view, of course there will be no result if we just keep it in the wallet. But please what if you look at it from an investor's point of view? they know when to hold on to long-term interests. Bitcoin hasn't just dropped once and we've been through that season year after year. There's no need to compare it to buying a car and buying food for a year. Because the portion of need already has its share before we drop money in Bitcoin. Simply put, do you believe in the future that ATH will exceed $70K?

I don't think it will go above 70k ... here is why :
I am trying to start a biz and I am doing simulations / biz plans for different sectors ,they are all failing
- in production I have problems with packaging,energy,supply chains and no space
- in services people avoid services that they don't "need" now
- in commerce I have problem with supply chains , long distance transport and so on
- in e-commerce people don't want to pay transportation cost no more,they prefer local ,also asian prices now similar to west
- also I noticed that people are no longer hiring foreigners, which means the world is trying to localize.
- also climate change is increasing energy prices a lot.

It means no matter where you try to go,no matter what country you go,you will face similar problems,there is no more USA land of the free and Western Europe that saves the poor ,now it's everybody for himself.
That means people will no longer need BTC to send money abroad,those who will use it ,are gamblers / speculators and El Salvador of course...that why I think it will drop.

[Cryptoababe]

if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

Your prediction didn't come with a real proof. The only thing you say is pandemic people invested a lot when we all know that we are the pandemic people.
Me, you adn others are the pandemic people and we invested in Btc which there is no geniune source that we really do.
For me, BTC volatility is just very strong due to large number of whales.

[Uang_kartal]

I realized that early 2020 was a bullish period and the transaction density was quite high in some markets and coin marketcaps.
people don't/restrict their activities in the wild at home. But is it really because nowadays people work outside and withdraw assets and change to property again? Real world games and routines?

I don't see when the season will be but it's a principle I've ever known that charts and market prices will return to the past even though the time is not known.
At least I'm not too worried because this is a natural occurrence about a common theory in cryptocurrencies. It is volatile and interesting.
if you panic it's your right to do what you believe in your cryptocurrencies with confidence.

[serjent05]

Another time traveller it seems. I can't wait for bitcoin to cross sub-$10k again and by then, I will make sure that I won't make the same mistake of not buying a lot when my finances can afford such a purchase. Autumn is usually where things go haywire and pumps happen, so I'm not quite sure whether we'll see even more dips by then. But hopefully you're right, just for the sake of a good price to buy in.

Same here, I am waiting for the BTC price to cross even lower than you said price so that I can have more BTC when I receive my payment. And hodl it until the market recovers and Bitcoin shame those pessimists once again. 

if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

Your prediction didn't come with a real proof. The only thing you say is pandemic people invested a lot when we all know that we are the pandemic people.
Me, you adn others are the pandemic people and we invested in Btc which there is no geniune source that we really do.
For me, BTC volatility is just very strong due to large number of whales.

It is more of a speculation, an emotional guess of Bitcoin price that has no bearing at all.

[Desmong]

This is crazy really, how can op say that the price of Bitcoin will go that low. That is impossible to agree to because that could make the crypto market useless looking at how far we have gone on this. The market is falling and that does not mean that everything will get to the worse part. I believe the market wi start a new trend soon and if it doesn't, then I will have to wait for more time for everything to reset.

[tabas]

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

The market is going down but I don't think that this is going to be ever reached again. People have started to call the lowest during the last bear market and $3k they say is possible again. But going from $500 to $1k, I don't really think we'll be back there and even $3k.
The lowest for this time could be $10k-$15k but that's just my speculation just as you and the others have started to call it that $17k is the bottom that we're waiting for. But the others tell that we haven't seen the bottom yet.

[Gyfts]

Your guess isn't as good as anyone else's. In your post you don't seem to detail too much as to why you believe we're headed back to <1k$.

The shock you're seeing right now is because of panic selling. My guess, (as worthless and speculative as anyone else's) is we're doing to see ~15k and then some stabilization. There was a correction that was to be expected with the global economy on the downward trend, but anything you're seeing now is just hysteria driven panic selling. A regression to pre-pandemic prices is outlandish.

[Oceat]

As far as I remember, the last bottom in previous bull run was at $3,000 so I don't think this $500-$1000 prediction is nearly accurate. It just seems too exaggerated because I think OP was so pissed with the market IMO. Don't go dumping if you have BTC but instead look on the bright side, isn't it amazing you can buy cheap BTC now compare to it when it was staying at the ATH price?

I find it amusing and entertaining everytime there are people who complained about the market situation when it's in bearish season. They keep throwing words and exaggerated prediction that seems almost impossible to happen which I think is the result of the market correction.

[stompix]

I don't think it will go above 70k ... here is why :
I am trying to start a biz and I am doing simulations / biz plans for different sectors ,they are all failing
- in production I have problems with packaging,energy,supply chains and no space
- in services people avoid services that they don't "need" now
- in commerce I have problem with supply chains , long distance transport and so on
- in e-commerce people don't want to pay transportation cost no more,they prefer local ,also asian prices now similar to west
- also I noticed that people are no longer hiring foreigners, which means the world is trying to localize.
- also climate change is increasing energy prices a lot.

- this is no longer 2021, speaking from central Europe here and dealing all ay with logistics, those trouble you claim are in dailymail only
- yeah, right, have you seen how packed hotels, restaurants, and airlines?
- we're getting farm food from Denmark, mechanical parts from the US and Netherlands, we sell all over the country, again, this ain't 2021 anymore
- that's why everyone in eCommerce is still hiring, right?
- again bs, even the eastern countries are raising their foreign quota to try and hire more people, Europe is desperate for workers despite the employment rate hitting records
- finally, you got one right

I am trying to start a biz and I am doing simulations / biz plans for different sectors ,they are all failing

Maybe the problem is at the one doing it, spy100?  
Seriously arent you tired of all this doom and gloom, face reality, just because you wish everyone to be miserable it won't happen!

[philipma1957]

if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot  in btc.

I think you are fucking nuts.

I think the likely of you being hit by a meteor and killed tomorrow is almost
as likely as a 500 usd price for btc in the fall of 2022.

So here's hoping that neither of the 2 happen.

[adaseb]

if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot  in btc.

I think you are fucking nuts.

I think the likely of you being hit by a meteor and killed tomorrow is almost
as likely as a 500 usd price for btc in the fall of 2022.

So here's hoping that neither of the 2 happen.

lol

This is probably one of the best responses posted by philipma1957. Had a good chuckle when reading that.

Regarding his response why pay $18K for a Bitcoin when you can buy a car? Most people buy equal amounts of stocks. What do they get out of that? Pretty much nothing.

Only reason they buy it, is to sell to someone else at a higher price. A car is a depreciating asset.