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

[Guessti]

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.

[Zaguru12]

It's not surprising reading the stereotypes about bitcoin because of the fall. The media outlets which are just enemies of bitcoin will find any chance to attach every exchange or crypto bad news to bitcoin. They feel it could discourage people out of it.

This bear market is another opportunity for new investors to get a good deal of bitcoin at a cheaper rates and to also test the patience of the already existing investors


Personally I don't see bitcoin coming lower than 15k although I think the bear markets will take longer time than we expected, because of the inflation happening and the looming recession talked about. If you check the immediate upsurge after falling to 15k you will see that it cannot go lower than that

[Rikafip]

This bear market is another opportunity for new investors to get a good deal of bitcoin at a cheaper rates and to also test the patience of the already existing investors

New investors usually don't buy during the bear market as they are too afraid, and probably think that bitcoin is going to die and instead they will join us when bitcoin starts pumping again. Those who are buying are an experienced investors who already went through bear market and know how good of an opportunity bitcoin is at the moment. You know what they say, "everyone buys bitcoin at the price they deserve".

Personally I don't see bitcoin coming lower than 15k although I think the bear markets will take longer time than we expected, because of the inflation happening and the looming recession talked about. If you check the immediate upsurge after falling to 15k you will see that it cannot go lower than that

Since bitcoin already went close to 15k, I would be very surprised if it doesn't go below in the upcoming days. Thing is, I don't think that we are out of the woods yet becase fall of FTX might bring few other names down. Either buying, I already started buying (bought more bitcoin at ~~15800 last night) but I won't go all and will rather wait and see how this plays out.

[Jating]

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.

You can't stop the FUD, there are entities even in this community that does that, to create fear amongst us. It's the question on what will be their motives? maybe they want to buy cheap bitcoin? or just hated it that they want bitcoin to fall.

Anyhow, the FTX and the whole crypto market is a messed, but nevertheless, I think we can all recover from it. Just stay calm everyone, on the contrary, it could be a perfect time to accumulate. Remember that we have the halving in 2024, the catalyst for a bull run, so it's better to stack sats when they are very cheap right now at $16k. For sure when we look back, we will say that we survived this dump, just like we survived the Covid-19 crashed.

[Baofeng]

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.

And even if we hit $13k or lower, it's not going to be the end of bitcoin, it's too big to fall. And you have to realized that the current dump is not by bitcoin's doing. We are just affected by the FTX drama, so somewhat a collateral damage like when the Terra Luna crash as well.

As for the FUD, never mind them, just for the record, according to them, Bitcoin has died "X" times already:

https://99bitcoins.com/bitcoin-obituaries/

[Oilacris]

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.

If you are just new into this market then better get used to events something like this which isnt really that something that could be avoided on a very speculative market something like this.

Anything could happen whether its a fud or shill on the market and on the time that you do have experience or awareness of this market then you would definitely be able to spot out on

what are the things that you should gonna do.Wandering around and seeing lots of people saying about 14k or even more lower price? Not surprising.
Base up on technicals then probabilities are  there but we do know that they arent 100% precise.So assumptions is still common.

[goaldigger]

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.

This is actually not a FUD as the price reacts on that and the chart also tells the possible worst scenario with Bitcoin. There’s a panic when it comes to price prediction but if you are a trade and know how to analyze the chart,  you can tell that there’s a possibility for that price and it confirms when we failed to break the resistance again last Month. If Bitcoin will not hit that price the better, but then again its advisable to always be ready for the worst and know what to do when we hit that price to avoid any panic.

[DeathAngel]

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.

You must be new in this game. Bitcoin absolutely can go lower. Historically we are not at the same level that bitcoin can sink to during a bear market. Undoubtedly there will be be buyers lower but there are many weak hands who could still capitulate. Another insolvent exchange or regulations by the US could send us lower. The worldwide recession becoming an economic depression could flood into bitcoin too. In short we can go lower but it’s only temporary because new highs will come in a few years. Buy the dip if you can.

[jossiel]

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.

The FUD can't be stopped. Just as bitcoin is here to stay, the same goes for the FUD and it's also here to stay. But, we have already able to cope up with it and most of us that have been long in here can easily ignore that.

But not each one of us can totally ignore it because many from the newbies are scared of it and they can't just help themselves from ignoring it.

No matter what the FUD is, everything will recover just as how bitcoin recovered in the past bear markets.

[STT]

People will try to talk down BTC for as long as its a feasible profitable trade.  Right this moment Dollar is weaker, just in time to save BTC a real beating from a bearish market, instead its seeing some reversal in expectation due to event news around inflation figures.   How long that lasts is not known as its purely speculation on easier FED moves, the Dollar index moved 1.6% just today which is big enough to help buoy the prices up of most assets I think.   BTC still has buyers with weaker currency, so I think it'll always have some opportunities available in that case.

[KennyR]

Anything related to cryptocurrency will have its impact over bitcoin. This can happen on the positive as well as on the negative side. Now things are more to be on the bearish trend. The market of bitcoin is supposed to move high during the month of November - December. For time being the price took off and experienced massive crash over the days. The problem haven't come to an end or got a solution. So, there is more chances of downward movement reaching $14k in the upcoming days.

[1miau]

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

Most likely you are right, Bitcoin is already recovering again and I wouldn't be surprised if we see 18 / 19k USD again in a few days.
But I wouldn't rule out more bad news following from FTX upheaval. Maybe Tether will finally become an issue as it has be rumored again and again. But since is didn't result in any bad news it's probably a news like "yellowstone will erupt soon" while it doesn't happen actually...

However, I'm bullish and expect to see Bitcoin rising at least above 20k again in December. 

[DoverDoane]

Don't panic...!
Buy the deep and HODL BTC

[yhiaali3]

I expect that there will be a second wave of Bitcoin's decline to a new low, but nevertheless, there is no need to be afraid, this is not the first time. The FTX incident is not the first and it will not be the last and Bitcoin has overcome all of these incidents, every time there is a strong decline of Bitcoin it is a good opportunity to buy and accumulate, the bottoms are the favorite areas of whales and the smart man does not let this opportunity miss because it may not be repeated in the near future, I I'm not worried at all and I believe that it won't be for long and that in the near future we will see new peaks for Bitcoin.

[Guessti]

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.

You must be new in this game. Bitcoin absolutely can go lower. Historically we are not at the same level that bitcoin can sink to during a bear market. Undoubtedly there will be be buyers lower but there are many weak hands who could still capitulate. Another insolvent exchange or regulations by the US could send us lower. The worldwide recession becoming an economic depression could flood into bitcoin too. In short we can go lower but it’s only temporary because new highs will come in a few years. Buy the dip if you can.

You must be lost, this is the speculation section.

Whenever someone starts a sentence with "you must be new" I stop reading.

Stop the FUD.

I said I "doubt" it will go lower. People like you shouldn't post at all, just spreading hate and ignorance.

[Yaunfitda]

I expect that there will be a second wave of Bitcoin's decline to a new low, but nevertheless, there is no need to be afraid, this is not the first time. The FTX incident is not the first and it will not be the last and Bitcoin has overcome all of these incidents, every time there is a strong decline of Bitcoin it is a good opportunity to buy and accumulate, the bottoms are the favorite areas of whales and the smart man does not let this opportunity miss because it may not be repeated in the near future, I I'm not worried at all and I believe that it won't be for long and that in the near future we will see new peaks for Bitcoin.

I'm thinking the same, we are still the middle of this bear market, we have 2023 and couple of months of 2024. So there is a big chance that the price will continue to decline and maybe $13k? or $10k in the horizon.

But as you have said, opportunity doesn't come that many in crypto market. So whenever we see it, just like the recent decline, do not missed it, at least buy some and so that you can tell in the future that you take the opportunity and advantage of that spiral nosedived.

[Kadal Ijo]

If we already know Bitcoin for at least 2 years, we will understand the current price pattern, things like this week have often happened and most people panic and sell and then a month he said regretfully because of panic, for those who have profit goals then making the price of drop is an opportunity good for buying.

[Guessti]

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.

This is actually not a FUD as the price reacts on that and the chart also tells the possible worst scenario with Bitcoin. There’s a panic when it comes to price prediction but if you are a trade and know how to analyze the chart,  you can tell that there’s a possibility for that price and it confirms when we failed to break the resistance again last Month. If Bitcoin will not hit that price the better, but then again its advisable to always be ready for the worst and know what to do when we hit that price to avoid any panic.

It actually IS FUD, if you believe BTC will be fine and that BTC isn't FTX.

Spreading FEAR UNCERTAINTY DOUBT = FUD

[bitterguy28]

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.

there is no one that really cares about these things ? maybe there are weak or newbies but we are years enough to learn what is bitcoin and what is this all about? maybe we  will just feel a little disappointed but the whole thing is that Bitcoin will recover in the future  , maybe not that soon but eventually , bitcoin may fall to 14k , but for sure? there will be another increase in the coming months , or maybe this December who really knows?

[m2017]

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.

You can't stop the FUD, there are entities even in this community that does that, to create fear amongst us. It's the question on what will be their motives? maybe they want to buy cheap bitcoin? or just hated it that they want bitcoin to fall.

Anyhow, the FTX and the whole crypto market is a messed, but nevertheless, I think we can all recover from it. Just stay calm everyone, on the contrary, it could be a perfect time to accumulate. Remember that we have the halving in 2024, the catalyst for a bull run, so it's better to stack sats when they are very cheap right now at $16k. For sure when we look back, we will say that we survived this dump, just like we survived the Covid-19 crashed.

This is not the first and not the last drop in the price of bitcoin, and not the strongest in percentage terms. Bitcoin has already been buried many times, but this never happened, moreover, the reasons were more significant than now. So, this is not a reason to panic, but a reason to buy. The only question is when? Either now or wait a bit for more attractive prices. Don't be fooled by the opinion of the majority in plan FUD, but act in your own interests.