I've been confused in BTC

[Fara Chan]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

Entering The Market and Studying The Bitcoin Travel Chart Is Very Important.
You will find answers to that question.
We want to know, the extent to which you understand bitcoin's trip, then what is the reason you take an investment in bitcoin. Remember, don't be too disappointed when you enter the market, maybe time and moment is not right for you now, so bitcoin hasn't shown a positive reaction for you

[1714942666]

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[onecall123]

Bitcoin is trading below $20k and the total crypto market cap is breaking below support. There's no need to abandon ship. For a while, just tether it. As macroeconomic events become more significant, the entire investing market becomes more dependent on them. Keep up with the news and take action as necessary. It is not a solution to be afraid, but it is a solution to stay focused. It's only a correction, don't be confused. It never be so easy to handle Bitcoin.

[suzanne5223]

Bitcoin price will never settle into a fixed value, it’s price will always fall further because of the fact that it’s highly volatile. However, you should not worry about this OP because bitcoin will never stay in a low value the whole time, it has its own right timing to recover and skyrocket again. But if you keep being bothered every time the price drops, I guess you should study more about the concepts of bitcoin so you will understand its market price moves.

Yes, the Bitcoin market will never recompense for fixed value due to the market nature but that doesn't mean its price will always dump further because we're in crypto market winter and for the record, the dump will happen later some pump in price to compliment the market and to strengthen the market next trend.
As you can see this is what happen now.

[TimeTeller]

Bitcoin is trading below $20k and the total crypto market cap is breaking below support. There's no need to abandon ship. For a while, just tether it. As macroeconomic events become more significant, the entire investing market becomes more dependent on them. Keep up with the news and take action as necessary. It is not a solution to be afraid, but it is a solution to stay focused. It's only a correction, don't be confused. It never be so easy to handle Bitcoin.

For newcomers, this price movement seems slow and disappointing for them.
But if they have seen btc when it was $17k before or even at lower price level, they may understand that this market needs patience.
If you don't have such patience, you can always look for other investment options. Maybe, more tangible like real-estate assets.
These new crypto users will indeed be confused with the price, but later on, understand it better, if they will not give up yet.
You won't understand this market if you will not educate yourself with its history and how we got to this point.

[Agbe]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

OP please do not be disappointed by the current price of the bear market of bitcoin, because you were told that bitcoin price is not stable though even as for that everyone wants it to be higher but there are some group of people still want it to be lower so there can buy. So, at anytime of the market, it is a favourable to someone. Yes last month was high but that was not guarantee it for soaring higher. Like yesterday been 28 of August, 2022, it was 19k while today by 4:pm in the local time and when I checked it was 20k that is, the price is rising and falling. And as I said, it is good at all time for people. Bitcoin can be handle well by those who really understand it. Like the OP is disappointed probably because he does not understand the movement of bitcoin. on your own by now you suppose to know that the bear market has not ended. Let see from October 2022. By then the price might go up a little bit again. Although nobody knows what is going to happen but we hope to rise again.

[SirLancelot]

Bitcoin is trading below $20k and the total crypto market cap is breaking below support. There's no need to abandon ship. For a while, just tether it. As macroeconomic events become more significant, the entire investing market becomes more dependent on them. Keep up with the news and take action as necessary. It is not a solution to be afraid, but it is a solution to stay focused. It's only a correction, don't be confused. It never be so easy to handle Bitcoin.

I do agree that going to stable is a good idea, I however prefer BUSD over tether for sure, much safer company to trust. However, I also go into bitcoin right now as well, I do not care about the support, I do not care about anything like that, I just care about what we have right now and that's good enough for me, no need to rush into anything else. Just focus on what you have and you are going to be doing fine.

Bitcoin and having many of it would make you a rich person in the long term, anyone who fears the current 20k and below, or the below support levels, would not be happy to see bitcoin going up, whereas buyers like me will be pretty happy about it.

[uneng]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

I'm also disappointed, but that is a consequence of the global economical scenario, more specifically the american one. I see crypto assets aren't interesting for investors right now, because they find it better to invest in US earning high interest rates, with low investment risk (low volatility). Thinking rationally, it really seems more profitable on short run to invest like they are doing. Why would they risk themselves in bitcoin's volatile market, while they can make decent profit safely with fiat?

Although on long run the scheme proposed by Federal Reserve isn't sustainable. In fact, they operate a kind of ponzi scheme which relies on a constant flux of new printed money to survive, consequently devaluing dollar currency and decreasing purchasing power of the citizens.

Once their economical model starts failing, cryptocurrency and more precisely bitcoin enters in scene again. So if you are a long term investor, don't frustrate yourself, be patient and confident this phase is going to end at some point and we will see bitcoin pumping again.

[Oasisman]

I want to know from you, is the price of Bitcoin likely to fall further?

The answer is a huge Yes.
It kinda disappointing but you gotta have to look at the positive side and take it as an advantage. Some people predicts the bottom to be around $10k. That's worse than you thought right?
We can't expect great things this year as the global economy continues to struggle. It might not directly affect the crypto market but sure it can be felt as more people are running out of extra funds to allocate in for their investments.

[serjent05]

I want to know from you, is the price of Bitcoin likely to fall further?

The answer is a huge Yes.
It kinda disappointing but you gotta have to look at the positive side and take it as an advantage. Some people predicts the bottom to be around $10k. That's worse than you thought right?
We can't expect great things this year as the global economy continues to struggle. It might not directly affect the crypto market but sure it can be felt as more people are running out of extra funds to allocate in for their investments.

If you are into a long-term investment with Bitcoin, these price changes won't concern you.  Only short-term traders are affected by this BTC price movement.  And indeed there is a possibility that Bitcoin will fall below $20k  rumors about the mega dump to happen when the Mt. Gox BTC is released are getting stronger.  This will create fear, uncertainty, and doubt about the recovery of the Bitcoin price.  So others will probably short their trades and make a position to buy cheaper BTC.  And these shorting will also contribute to the BTC price fall.

[STT]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

Forget the price for your attitude to BTC success, price is more a reflection of dollar and general market conditions, popularity, hype and sometimes just nonsense.   The correct gauge for BTC is things like liquidity in transactions and population growth, generally price will rise the more users we have as more people will retain at least a small balance of BTC.  I believe in the smallest holders far more then the idea of whale buyers who can sell just as easily.

[bitterguy28]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

It is possible since Bitcoin price movement is greatly affected by news and sentiment.  Right now the sentiment is bearish, Powells speech is also not helping with the Bitcoin market, instead it fuels the market for bear trend break out.  Then comes the liquidation of  Mt.Gox hacked-BTC which can cause rumors.  There isn't a good news today to at least change the sentiment of the market.  So it is possible that we can see another lower lows in the next weeks meaning Bitcoin might price might go lower.

price will keep on falling or it will increase ,that is what crypto currency market is all about but what we need to understand and accept is  that bitcoin in the long run will always grow , the value is keeping in pumping in 4 years time as we have seen this  for how many times from the 12 years bitcoin existence .
I will rather confused if the price maintain the price forever than the value of hyping and dumping.

[peter0425]

You have been here in forum since November 2021 meaning you are not new to this market , so how stupid your disappointment was? back when you created this account the price of Bitcoin is raging from 50-65 thousand dollars and in January drops to 40k but you have never disappointed yet this week just because bitcoin fell down 3 thousand dollars this is your sentiment?


wondering whats behind your post and what have you been doing in the past  8 months of market?


if you happen not visiting the market those months then you have no right to feel this way because you are not an active crypto user or investor.

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

Forget the price for your attitude to BTC success, price is more a reflection of dollar and general market conditions, popularity, hype and sometimes just nonsense.   The correct gauge for BTC is things like liquidity in transactions and population growth, generally price will rise the more users we have as more people will retain at least a small balance of BTC.  I believe in the smallest holders far more then the idea of whale buyers who can sell just as easily.

let him be frustrated because he seems to be not learning from His assignment and until now His attitude is  looking for easy return of His investments.

[kotajikikox]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

Just shut up your mouth and Buy , don't hesitate to purchase more when the market is showing this movement because those act mostly delivers big gain after days or weeks ., or if not better then at least you will earn in long term as bitcoin is the perfect tools in this area.
stop feeling sorry mate ,there are so much chances in earning in the coming time.

The thing that we have to understand in bitcoin is a decentralized system, namely the price is like a roller coaster, of course today going up tomorrow down is normal, but if you look at the trends that occur in the market it appears that this year's opportunity to touch ATH seems difficult, and I just put bitcoin target around $45k.

this is the problem , people keep asking why the price fall when they are not completely buying.

[ethereumhunter]

The thing that we have to understand in bitcoin is a decentralized system, namely the price is like a roller coaster, of course today going up tomorrow down is normal, but if you look at the trends that occur in the market it appears that this year's opportunity to touch ATH seems difficult, and I just put bitcoin target around $45k.

So if there is a decrease and an increase in the price of bitcoin, it is normal and we do not need to panic to see it but try to find opportunities to benefit from the decline and increase. But it looks like the downward trend will still occur and even though there will be an increase, I feel that the increase has not been able to trigger the price to increase higher. So we have to be more patient, not rush to make decisions and don't panic. Thus, we can take advantage of every moment to our advantage.

[yudi09]

A lot of people have been disappointed in the price of Bitcoin these days, but that's only natural because the market doesn't always go up. There are times when the chart goes down and there is a time when the Bitcoin price chart increases upwards.
Stay relaxed enjoying the market situation like this. I don't think Bitcoin will go down any further. The lowest price for Bitcoin if it continues to decline is around $17.5k - $20k.

[CryptoYar]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars.

Now it's 20k right? And after somedays it will be $25k and then again it will come down to $20k or below.

The crypto market relies on the news(s). If there is any good news, the price of Bitcoin starts to rise, and when there is bad news, it starts falling. So dont get disappointed it is normal when this crypto winter will end you hear good news(s) from everywhere and the price will continue to rise along with that.

I want to know from you, is the price of Bitcoin likely to fall further?

Yes, it is possible, that the price of bitcoin could drop to $18k - 17k in the coming few weeks.
But that does not mean that bitcoin is going to be zero. It will recover again and probably in the next few years it'll break its previous (69k) high. If you want to invest with a long-term view then take advantage of these price drops and accumulate as many bitcoins as you can.

[Vaculin]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

The price of Bitcoin don't have a specific time, so the price of Bitcoin going up and the price going down make some investors and especially new once lose hope in cryptocurrency. Investors always be angry when the price of Bitcoin falls because sometimes the investment is something we have to know that is risk of losing is hundred percent involved and and the risk of profiting is also hundred percent involved.

As bitcoin price becomes very uncertain to predict, then we can’t tell exactly as to how its price moves from time to time. There are times the price moves up and skyrocket, and there are times too that its price drops and fall further, but all of these are just normal for bitcoin. However, if there are events that triggers bitcoin, then let’s expect that its  price will be affected and will eventually drop further.

[GeorgeJohn]

A lot of people have been disappointed in the price of Bitcoin these days, but that's only natural because the market doesn't always go up. There are times when the chart goes down and there is a time when the Bitcoin price chart increases upwards.
Stay relaxed enjoying the market situation like this. I don't think Bitcoin will go down any further. The lowest price for Bitcoin if it continues to decline is around $17.5k - $20k.

We can’t guarantee the price of bitcoin upto how much it will drop, but the thing with BTC is it can still recover no matter how low the price is, it just requires more time to wait and patience to hold and to trust the process. If we know how to trade somehow we can still get profit though much riskier and stressful to decide what to but and sell especially if we plan to trade altcoins. Better know our priority if we tend to hold or trade or take this time to just accumulate since the price is still low.

Sometimes i embrace people who stipulate the price of Bitcoin via prediction in one particular value, but we all know that Bitcoin price fluctuating or going up and down is basically for the concernment of it's correction. Since nobody hold the regulations of cryptocurrencies price, theirs is every tendency that the price can recover without the time of expectations of low investors, but i want us to understand that Bitcoin price can be increased anytime without having a bias intension of continuous degradation in value.

[Sanitough]

No one knows if the price of bitcoin is going to fall further or not, but if you hold, the price will later rise and reach all-time-time. Even if bitcoin price fall further, likely it is not going to fall below $17500, if it continues to fall further, it would only slightly fall further. If you are able to hold till 2024/2025, people will fomo after 2024 halving and all-time-time is possible.

I guess seeing chances for bitcoin price to drop further is never a big deal anymore as we know in the first place that bitcoin price fluctuates from time to time. So expect that its price will fall further only if there are attacks that triggers bitcoin. However, if you are into long term hodling, then you should be more patient and flexible because bitcoin price won’t never give a fixed value no matter what.

[Russlenat]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

If we consider the current market condition, then not only bitcoin but the rest of the crypto coins will likely to fall further particularly if there are negative news that will hit and affect the crypto market. However, when the bear market is over, the opposite case will happen too. We can see bitcoin price surges high, and then followed by established altcoins in the market.