Stop the panic, I doubt we will see 14k or less Bitcoin

[ShowOff]

Sometimes I also think why investors only use the FTX exchange to store their investment funds, even though there are many other exchanges that are also better than FTX, although it is highly not recommended to keep funds in the exchange for too long. Because everyone needs to have a special wallet if they want to store funds safely for the long term. So on the other hand, investors are actually wrong if they only save funds on the FTX exchange, even though the basic core of the problem lies within FTX.

FTX is also one of the biggest and most reputable exchanges apart from several other exchanges. Investors who keep their funds in the exchange know what the risks are, but because of the good reputation of the exchange and good security, maybe that's the reason why they entrust their funds to third parties. Just like most people who believe in binance and coinbase right now, they know the risks.

Traders and investors are fundamentally different. Traders tend to keep funds on the exchange regardless of how much they have, while investors tend to have funds in their wallets. Some traders have millions of dollars in their trading accounts, but I don't think they are investors although some investors also keep their funds in exchange in the long term.

[1714679037]

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[1714679037]

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[1714679037]

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[$crypto$]

Sometimes I also think why investors only use the FTX exchange to store their investment funds, even though there are many other exchanges that are also better than FTX, although it is highly not recommended to keep funds in the exchange for too long. Because everyone needs to have a special wallet if they want to store funds safely for the long term. So on the other hand, investors are actually wrong if they only save funds on the FTX exchange, even though the basic core of the problem lies within FTX.

FTX is also one of the biggest and most reputable exchanges apart from several other exchanges. Investors who keep their funds in the exchange know what the risks are, but because of the good reputation of the exchange and good security, maybe that's the reason why they entrust their funds to third parties. Just like most people who believe in binance and coinbase right now, they know the risks.

Traders and investors are fundamentally different. Traders tend to keep funds on the exchange regardless of how much they have, while investors tend to have funds in their wallets. Some traders have millions of dollars in their trading accounts, but I don't think they are investors although some investors also keep their funds in exchange in the long term.

FTX also used to be under Binance and aligned as a leading exchange you can say FTX gives customers convenience with free withdrawals that's what I feel while using FTX when they often make small withdrawals and of course as they trust FTX because it has become big it's just unexpected due to bankruptcy experienced by them so that it becomes a risk that must be known.

Traders, of course, have daily activities on the exchange, so they store their assets on the exchange, while it's different from investors and they know how to store assets in their own wallet, it's just that an unexpected error from FTX makes them dumbfounded.

[boltz]

Why is OP so sure of Bitcoin not going under 14k ? Because every sign points towards Bitcoin going under 14k or even more and the party didn't even start yet.

I would want to be positive about Bitcoin price in 2023 but there again , why should I be ? Literally the entire market is hanging on the edge right now and all is need is Bitcoin to make another sudden drop in price and panic will be all over crypto markets.

[ShowOff]

FTX also used to be under Binance and aligned as a leading exchange you can say FTX gives customers convenience with free withdrawals that's what I feel while using FTX when they often make small withdrawals and of course as they trust FTX because it has become big it's just unexpected due to bankruptcy experienced by them so that it becomes a risk that must be known.

Traders, of course, have daily activities on the exchange, so they store their assets on the exchange, while it's different from investors and they know how to store assets in their own wallet, it's just that an unexpected error from FTX makes them dumbfounded.

Sure enough, the FTX boom was truly shocking and the impact truly amazing for the crypto industry. Some people are starting to think this industry is a total scam, I can't completely disprove but if they say bitcoin is a scam then I think something needs to be said to stop them talking.

As I said, investors know where to store their assets in the long term. But if they store it on an exchange then clearly they have considered the risk. Losses are never desirable, but they can happen any time as long as they don't know how to minimize them.

[ScamViruS]

Confidence and trust had surely been shaken on this year alone which there are lots of negative things or incidents happen for this year which it did really result out that doubt and fear which is the main reason on

why the market didnt move up that much but rather keeps on dipping and decreasing which is something that been anticipated.We know that this market is really that too reactive when it comes to fundamentals.

If things do becomes even more worst then it is really that hard to stop it and there's no way that we could really be able to predict on what would comes next specially on next year
to come but hopefully we arent seeing more negative things which would worsen up the situation even more.

A mini bull run in the market can play a significant role in bringing back confidence and trust. Bitcoin has been holding the $16000 zone for a long time now, we can expect to see something positive from here. But big investors are strengthening their positions right in these zones.

So I think the two bad incidents may have caused a very bad effect on the crypto market for a short period of time, but eventually the crypto market will bounce back and make us happy again.

[STT]

Decent hold of the 16.5k aree recently, its respected volume in that area and we retain a series of rising lows since the first FTX news broke our prior hope of recovery in the price action.   I dont presently disagree with OP that we will explore the full range from 20k all the way down to 10k possibly, however there is a BIG IF to that in the detail matters of how we trade those prices.   A spike down to 10k that quickly fails to hold and launches back up is bullish, it will scare but in fact be bullish.  Right now we retain a positive trend over weeks.

[KingsDen]

Literally articles are flooding saying the bottom isn't here etc etc.

The FTX thing sucked, but Bitcoin can only go so low with the amount of support it has and how integrated it has become with the banking system.

Stop the FUD.

EDIT: For those of you who seem not to remember what FUD stands for:

Fear. Uncertainly. Doubt.

FUD is part of the cryptocurrency industry so it cannot be successfully stopped. FUD will always be because it is a catalyst that helps to move the market in either directions.

As for the bottom. There is every possibility that bitcoin will break lower that $16k to the region of $14 and $10. It is also possible that the market will reverse from $16k back to bullish trend.
So, to be in a safer position, it is good to start buying from now because the price is low already.

[savetheFORUM]

Why is OP so sure of Bitcoin not going under 14k ? Because every sign points towards Bitcoin going under 14k or even more and the party didn't even start yet.

I would want to be positive about Bitcoin price in 2023 but there again , why should I be ? Literally the entire market is hanging on the edge right now and all is need is Bitcoin to make another sudden drop in price and panic will be all over crypto markets.

A couple of users already question him but he still can't give any valid reason on why the price won't fall anymore on that level. He just keep saying that we must avoid fuds. I think this isn't on the fuds anymore. Many of us here are not new and we already know what is fuds and why we must avoid it but there will still be a way for the price to fall down and that is something that everyone must prepare.

Either we will buy more or sell now if ever some of you need an extra cash because the recovery can be delayed again. You know, the halving date for bitcoin is still far and then there is also an expected recession that is said to happen in the year of 2023.

[BITCOIN4X]

Either we will buy more or sell now if ever some of you need an extra cash because the recovery can be delayed again. You know, the halving date for bitcoin is still far and then there is also an expected recession that is said to happen in the year of 2023.

As long as you can bear the consequences then anything you can do. I don't think anything is going to stop you from selling bitcoins during a downturn even when you lose a few percent of it. If you do it for something more valuable and important then of course maintaining the investment is also not a good idea.

After all, no one is asking us to put all the money we have in one investment basket. I mean diversification of investment assets also needs to be done, not just in crypto. I think gold, land and a few others are also worthy investments to consider, so when we need money urgently we have the option to sell one of these.

[Guessti]

Why is OP so sure of Bitcoin not going under 14k ? Because every sign points towards Bitcoin going under 14k or even more and the party didn't even start yet.

I would want to be positive about Bitcoin price in 2023 but there again , why should I be ? Literally the entire market is hanging on the edge right now and all is need is Bitcoin to make another sudden drop in price and panic will be all over crypto markets.

A couple of users already question him but he still can't give any valid reason on why the price won't fall anymore on that level. He just keep saying that we must avoid fuds. I think this isn't on the fuds anymore. Many of us here are not new and we already know what is fuds and why we must avoid it but there will still be a way for the price to fall down and that is something that everyone must prepare.

Either we will buy more or sell now if ever some of you need an extra cash because the recovery can be delayed again. You know, the halving date for bitcoin is still far and then there is also an expected recession that is said to happen in the year of 2023.

This is the SPECULATION board and your talking "valid reasons"? LOL

$1k(ish) - 80% = $200(ish)
$20k(ish) - 80% = $4k(ish)
$70k(ish) - 80% = $14k(ish)

Nothing is exact, just estimates/speculations/simplifications based on the past charts / some current events etc.