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

[Bitcoin2009]

Easy to get information so it makes everything transparent, when there is a negative issue in 1 exchange, it makes all investors afraid because it can occur in another exchange, this is like a chain effect so that a large surprise occurs and makes the price that rises slowly can drop in a short time. And certainly panic will make us regret because we cannot make the right decision.

[hugeblack]

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.

If we are talking about the bottom, the bottom may be in. And what is happening now is due to the pressures of the sale because of what happened with FTX, and therefore we can say that once you end this chaos, the price will return to the previous levels of stability at 17k to 19k.

So if you think we will go to the levels of 14k or less  and given the current circumstances, you will wait a lot.

[Yatsan]

It is not FUD if there is a possibility. It just depends on the audiences on how will they react to that possibility. If they would panic then that would be the time it would be called FUD. But if more people will take it lightly, it won't be a bad thing. Bottomline is to spread awareness about the nature of this industry. Downfalls are just normal and is nothing to be worried of not unless the money you've invested is an amount you cannot afford losing. The fundamentals of investment. The reason why FUD became FUD because people are lacking knowledge on how investment and this industry in general works.

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?

Other investors would be even excited if ever the market value reaches such point because for them, that is a huge opportunity to invest and let their money rest with it. Things are simple; if you cannot endure seeing the market, then sell and quit.

[bestcoins1]

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.

There's no need to feel bad about what's happening to the FTX exchange right now, because everyone who owns cryptocurrency assets and isn't related to the FTX issue can still be patient to see much better prices on Bitcoin as well as in other cryptocurrencies.

So there's no need to be annoying just because of the problems that befell FTX because the exchange has clearly suffered losses, while other parties who are not tied to the exchange can still use another time to recover the amount of money that has decreased as long as the amount of assets is still the same and does not decrease.

Stop the FUD.

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

Fear. Uncertainly. Doubt.

The question is who spreads FUD or in other words the news is not true? And you're stopping anyone on this, because I personally only trust well known sites to view and read news and that too there are some other sites that are also better on the internet.

[ilovealtcoins]

I believe the market will fall further, if not for FTX reasons, there are other reasons. We are in a bear market and the sharks are looking to reset the game before entering a new bull season. It has happened many times before, don't be too convinced that the market depends on supply and demand.

[Sayeds56]

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.

I am not panic at all becuase my faith in Bitcoin is unshakable for its long term prospects which are very bright despite bearish run which is going on since the beginning of the year. The FTX turmoil gave enough hammering to crypto market but i think Bitcoin has already seen the bottom and hopefully it won't slide down any further, it is likely to stabilize between 16K-17K  in coming weeks before it starts upward journey. If FED pauses increase in interest rate,we might see huge rally before the end of the year.

[philipma1957]

If you look at kucoin

they have

344 million in btc

but 2.2 billion in

usdt
usdc
kcs
eth

all of which are pos junk with zero backing.

so yeah we could do full crash under 8k

although my gut says 13-14.

[buwaytress]

You do realise posts like yours only serve to heighten the FUD. Cause I'm not seeing this flood of articles talking about a bottom yet to be seen, and I do get around quite a lot online. Something tells me you see what you want to, in your case

Personally, I like FUD. Squeezes out all the would-be Bitcoiners, the speculators who don't own a single satoshi, the crypto bad actors. Clears the way for Bitcoin to march on.

[Lucius]

Personally, I like FUD. Squeezes out all the would-be Bitcoiners, the speculators who don't own a single satoshi, the crypto bad actors. Clears the way for Bitcoin to march on.

Personally, I have already become indifferent because I know that I can't change anything because people behave like a herd that is very easy to convince of any stupidity or steer in any direction. The only thing I would like to see is that the characters behind everything (Kwon, Bankman) end up in prison and banned from the Internet for life - but as someone once said "donkeys will get wings before that happens".

[Guessti]

You do realise posts like yours only serve to heighten the FUD. Cause I'm not seeing this flood of articles talking about a bottom yet to be seen, and I do get around quite a lot online. Something tells me you see what you want to, in your case

This is a speculation board.

Still doubting we see 14k btc and thats obvious my opinion/speculation.

Something tells me its actually you who sees what you want to.  

Very closed minded.

Liking FUD is idiotic.

[OgNasty]

I expected we’d see $13K at some point in this bear market so I think things are holding up well after this black swan event. All eyes are still on the US government BTC auction, the ETH2 coins being unlocked, and mtgox distributing their coins as this latest crisis ripples through markets. I wouldn’t be making crazy long bets here, but I think the bottom is close. You just need to close your eyes for the next year.

[Woodie]

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

It's all herd mentality at play! When someone calls in the bearish move and the masses follow this market prediction ...the drop does happen unfortunately and these articles aren't helping either!

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.

First we had mtgox now we have Ftx, why do I get this impression we have these bad players working against crypto for their own benefit... Is this a late anniversary present for us  . And I have to agree with you on support being available at certain lows which price can't exceed as this is were the true btc supports hold their ground... but with price being at its lowest after a long time it certainly will bounce back to being bullish in no time.

Stop the FUD.

FUD is a double edged sword, it can make or break our markets its about how it's used.

[Captain Corporate]

Its already not doing that bad if you ask me. I mean sure it could have been doing better right now, we could have been 20k+ and even reach 23k by this time because we were going up a bit. However, all things considered, we went through such a rough patch for the past year, and we had so much bad news, and right now one of the biggest ever exchanges in the world went bankrupt and the CEO resigned and was questioned by the government agencies. When you consider how big of a deal that is, it's really not that shocking that we went a bit low. But even with such a huge news, we didn't low that much, we were already seeing 18k or so time to time, so we just went another thousand down and close to 17k right now, maybe a bit less.

[buwaytress]

The only thing I would like to see is that the characters behind everything (Kwon, Bankman) end up in prison and banned from the Internet for life - but as someone once said "donkeys will get wings before that happens".

Too many people just worship these guys so easily, idolise them, put them on pedestals. It's crazy to see how many people are still defending Kwon, and SBF, easier to blame Binance or other things that didn't go their way. People prefer to pile on the hopium because they got caught with their pants down cozying up to these bastards.

Know what's pointless? If they go to prison, it'll just be comfy white-collar ones where they can write books, get even more famous, have lovely chats and work on sympathy. Is it sad these crypto bad guys won't get the punishment they deserve?

This is a speculation board.

Please continue speculating! I contribute my own to this sub-thread too, it's the most fun part of the forum. Just saying, the irony is these kinds of threads actually exude FUD.

Oh and no need to edit your post. I'm not easily offended, say your worst, really. I'll be fine. Peace.

[imamusma]

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. 

Currently the price recovery process will be great if more and more people are optimistic about the future of bitcoin. I have a feeling most people would probably be willing to wait for bigger news before reinvesting the big bucks in bitcoin, but for the optimists then surely now is the time. $16.8K is the current price or -75% of ATH, I believe this as an opportunity but may need to think about some strategy like DCA.

About the end of December I think $20K is very likely regardless of the various FUDs currently circulating. I believe investor optimism will get better and the market will soon recover to at least be above the 2017 ATH.

[bakasabo]

But I think we are going to wait for a couple of years before we see a real recovery. All these jumps to $20-22k means nothing. Remember, Bitcoin price was almost $70k, and when I see people calling few thousand gains and start talking about recovery, makes me feel sad. Trust me, there will be more price drops in future, soon weekly $500 gains people will consider as trend change and be more than happy about it. I believe we would see more or less significant changes only when there will be more stability in economy and understanding in tomorrows day.

[ajiz138]

Currently the price recovery process will be great if more and more people are optimistic about the future of bitcoin. I have a feeling most people would probably be willing to wait for bigger news before reinvesting the big bucks in bitcoin, but for the optimists then surely now is the time. $16.8K is the current price or -75% of ATH, I believe this as an opportunity but may need to think about some strategy like DCA.

About the end of December I think $20K is very likely regardless of the various FUDs currently circulating. I believe investor optimism will get better and the market will soon recover to at least be above the 2017 ATH.

I think waiting for positive trend news for bitcoin is usually a bit of a panic and awkward person so he needs a breath of fresh air to see the news properly before investing in large amounts, but for me waiting for big news it will waste our time on low bitcoin while this is a good opportunity at $16k it's the right range to buy and enter as much as possible and surely a recovery will occur in the next month for bitcoin but I'm not sure on altcoins even though ETH and BNB are below them.
FUD will definitely continue if the FTX drama continues to be discussed in various media, this worries many investors because their funds are on hold, but remember that investors with a good mindset will take advantage of the opportunities that exist before the bitcoin price rises again to $20k in December .

[Falconer]

But I think we are going to wait for a couple of years before we see a real recovery. All these jumps to $20-22k means nothing.

That's likely, but actually we're still very likely to jump in and hit more resistance above $20K next year. I've never had any doubts about the great potential of bitcoin, over time the price will come back strong and the demand for it will only increase. Even if I'm actually a bit panicked, but the positive side is that there are new opportunities to increase the current portfolio.

Remember, Bitcoin price was almost $70k, and when I see people calling few thousand gains and start talking about recovery, makes me feel sad. Trust me, there will be more price drops in future, soon weekly $500 gains people will consider as trend change and be more than happy about it. I believe we would see more or less significant changes only when there will be more stability in economy and understanding in tomorrows day.

A drop is always possible, but I'm not thinking about a severe dump. So even if today bitcoin has discounted its price by almost 80%, but the cycle will very likely repeat itself especially as the halving draws near. Yes now it may be a tough time, but next year anything is possible and the market will come back strong.

[KennyR]

Whenever something happens with the market, it used to generate panic among the common investors. This is the reality with the market participants. Some of the users who have used to it will find it an opportunity to make revenue. Right now leading exchanges into disaster will surely create some fear.

The market progress have slowed down. Right now we need to find ways to keep our portfolio stable as any form market moves could happen in no time. Experts predicted for a price down to $10k, which could reach atleast $13k - $14k.

[1miau]

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

Currently the price recovery process will be great if more and more people are optimistic about the future of bitcoin.

Of course, FOMO has proven to be very reliable for Bitcoin, causing a bullish sentiment, so we have a good chance to see some FOMO sometime later again which will send Bitcoin to da moon.
Were are in a very important situation right now and if no significantly bad news come in, Bitcoin is likely to keep recovering.

I have a feeling most people would probably be willing to wait for bigger news before reinvesting the big bucks in bitcoin, but for the optimists then surely now is the time. $16.8K is the current price or -75% of ATH, I believe this as an opportunity but may need to think about some strategy like DCA.

Yes, many people are still having fear and are waiting to see if the bottom is in. If such people can get confidence again, we might see 20k very quickly again.