thank God for bringing btc back in 2018.

[r111]

Thank you for driving away all the sellers of smoke and speculators. Thank you for demonstrating the reality of a market that is for all the voiceless in the world. You must be happy, you got your big fiat reward after speculating with BTC. Thanks to all who made this technically possible, those who maintain the network and who have created wonderful things these last 4 years. They worked twice as hard thinking btc would get to 100k (not saying it won't get there) you have left us wonderful things for crypto.

I hope it goes down even more, how happy I am every time I will be able to get some btc at a fair price.


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[tabas]

I'm in between right now, wanting to see it go up and recovery so fast so that my portfolio would be back to its former value. But at the same time, also wants to see it this low for more accumulation whenever I buy.
I guess it all comes to the point that we have to know what we're up to and the long term plans that we're setting before the next bull run arrives, just like now, it is for everyone who wants to buy it at a cheaper price.

[S A KHAIR]

Economic crisis or bitcoin plunge is really an opportunity or a risk, depending on each person's point of view. For me, this is really an opportunity as I missed it in 2018 this time I expect bitcoin to stay below 10-15k for as long as possible. When others are afraid is when we should be greedy, wealth is not for the masses.

[Solosanz]

Fair price? there's no such fair price or fake price in Bitcoin since no one can control or manipulate it!

Actually with the recent event where FTX is bankrupt and the other exchange also got an impact if they hold FTT token, it doesn't effect Bitcoin price at all since it's about the exchange, not Bitcoin. But there's many stupid people who think Bitcoin isn't safe and then sold it blatantly, this make a short dump due to panic. Sooner Bitcoin would recover from this short dump.

[cryptoaddictchie]

Bitcoin will experience all possible scenarios here. Of course there are times that the price could massively go down, and it will increase fast too. Crypto is changing and some of the inevitable things to happen like Luna crash, ftx bankruptcy are part of evolving things that might be helpful as well in crypto if not now maybe on the following years to come.

[Inwestour]

Bitcoin will experience all possible scenarios here. Of course there are times that the price could massively go down, and it will increase fast too. Crypto is changing and some of the inevitable things to happen like Luna crash, ftx bankruptcy are part of evolving things that might be helpful as well in crypto if not now maybe on the following years to come.

I’m not sure that this can bring any benefit, this happens because very serious players have come to cryptocurrencies and the strong ones are removing the weak ones, this will continue to happen. Perhaps the benefit of this will be that in this way cryptocurrencies will be cleared of weak links that could spoil the reputation of cryptocurrencies in the future.

[DdmrDdmr]

<…>

Having bitcoin recede in countervalue to what it was like essentially like five years ago, doesn’t seem like great news to me. Setting aside that those willing to make purchases now will find it cheaper, which obviously has its upside, one needs to consider the chain of events that derive in that situation, which are quite a blow in the mind for many to come, not to mention all those that are trapped without being able to retrieve their funds. Yes, they could/should have practice self-custody and avoided a bunch of overhyped tokens, but from a global market perspective, it isn’t a situation I would personally find any comfort in, nor gloat about the misfortunes that lead to the current price.

[drwhobox]

I will be happy if btc goes back to 2016! golden days, I would not make the same mistake again (it will never happen)  . Now is the right time to take the advantage of the discount price.

[cloudfir3e]

if it is true that the price of Bitcoin returns to 2018, this is a great opportunity that investors should not miss to add Bitcoin investment assets.
because after all Bitcoin is a good crypto asset and worth keeping long term.
Even though the price of bitcoin has dropped dramatically, it is certain that in the future it will increase significantly, this can be seen from the limited total supply and increasing demand, making it easier for Bitcoin to return to the highest ATH price in the future.

[DaNNy001]

Talking of taking opportunity..i wasn't following bitcoin in 2018 which you stated that you missed that opportunity to buy..

But I feel this is an opportunity to us newcomers to the crypto  world I have already taken this bold step and purchase my own btc and am keeping it for a long term investment and am hoping the bull market I have seen these last year's will eventually come again

[ajiz138]

Fair price? there's no such fair price or fake price in Bitcoin since no one can control or manipulate it!

Actually with the recent event where FTX is bankrupt and the other exchange also got an impact if they hold FTT token, it doesn't effect Bitcoin price at all since it's about the exchange, not Bitcoin. But there's many stupid people who think Bitcoin isn't safe and then sold it blatantly, this make a short dump due to panic. Sooner Bitcoin would recover from this short dump.

Even though we know that the problem is the exchange platform and the token is not on bitcoin but people panic still they will sell it until it becomes a dump and this is always associated with bitcoin which they think may be dangerous even though bitcoin does nothing it's just a mighty coin without anyone being able to control it.

Still, where there is a big event and they panic it will affect the market, while those of us who hold bitcoin don't mind unless they hold FTT and SOL tokens which are vulnerabilities due to this problem so for me it's worrying whatever happens to the platform because there isn't any assets there, don't hold their tokens and other types the only thing they hold is bitcoin.

OP, if you expect prices to return to 2018, will you be mentally prepared?

[Z-tight]

Economic crisis or bitcoin plunge is really an opportunity or a risk, depending on each person's point of view. For me, this is really an opportunity as I missed it in 2018 this time I expect bitcoin to stay below 10-15k for as long as possible. When others are afraid is when we should be greedy, wealth is not for the masses.

With all the events that have been happening to other crypto's and centralized services one begins to understand that BTC's main advantage isn't even in its price or ability to rise after a plunge, but in its security and decentralization.

I know many people want to use BTC as a long term investment, but when you look at other crypto crashing, centralized services declaring bankruptcy, possibility of stable coins being frozen even in your own wallet, etc, all of these things that can't happen to BTC because of its secured and decentralized nature, you'll begin to appreciate the network far more than just its price, but how the network is built, its algorithm, hash rate, POW, security, decentralization, etc, with the price just being another part of its advantages, but not the main one!

[bitzizzix]

Because bitcoin is not easy to predict and the events that have occurred are not necessarily related because the decline in bitcoin will occur due to some unknown factors.
and as we know the decline in bitcoin price is most likely caused by global sentiment that has not shown support and also recently the crypto exchange FTX declared itself out of business and also affected a large number of crypto assets and some other news made the bitcoin price drop drastically and there is a possibility will keep going down.
but this decline is an opportunity to accumulate bitcoin gradually during the downturn, and hold it for the long term.

[Baofeng]

Thank you for driving away all the sellers of smoke and speculators. Thank you for demonstrating the reality of a market that is for all the voiceless in the world. You must be happy, you got your big fiat reward after speculating with BTC. Thanks to all who made this technically possible, those who maintain the network and who have created wonderful things these last 4 years. They worked twice as hard thinking btc would get to 100k (not saying it won't get there) you have left us wonderful things for crypto.

I hope it goes down even more, how happy I am every time I will be able to get some btc at a fair price.

Just right in the middle, the top of 2018 is the lowest low of 2022.

But if the price goes down to like $10k, it could be 2018 all over again as we can buy cheap bitcoin along the line.

You can call it fair price of us, or simply it is really very cheap and so we shouldn't take it for granted. If we have some extra cash, then simply invest on BTC right now. There are no second best crypto, in my opinion.

[bitbollo]

usually the FOMO is triggered when the price approaches the ATH.
but in reality it is during these collapses that you have the best chance of buying cheap coin.
I would also add ... sell some shitcoins that you have accumulated "believing they were the new bitcoin" this is the best time to do some cleaning

[AmoreJaz]

usually the FOMO is triggered when the price approaches the ATH.
but in reality it is during these collapses that you have the best chance of buying cheap coin.
I would also add ... sell some shitcoins that you have accumulated "believing they were the new bitcoin" this is the best time to do some cleaning

get rid of those crappy coins as they won't stand a chance of surviving. at least, if you exchange it with btc, you have good chance of recovering your money and more. this is indeed a great time to accumulate satoshis. for those who were regretting that they were too late, why not buy now? the price range of 16-17k is a very good one. the likelihood of increasing its price is just around the corner. one good news and this setback will disappear.

[glendall]

seeing the current situation, whether I should be happy or sad. on the one hand I could have taken more btc for my portfolio, but on the other hand I had lost from the previous investment,
I don't know when the market will recover if manipulation is always present in every increase in the BTC price itself

[dothebeats]

I don't think everything is good after bitcoin shaved off a huge percent of its price. This just goes to show how volatile crypto still is even after existing for more than a decade. But on the positive note, this can greatly help a lot of people in buying bitcoin cheaply and have something for themselves as well. A good entry point to those looking to keep their bitcoins in the long run, I'd say, and there might not even be another opportunity like this in the future.

[Jating]

I don't think everything is good after bitcoin shaved off a huge percent of its price. This just goes to show how volatile crypto still is even after existing for more than a decade. But on the positive note, this can greatly help a lot of people in buying bitcoin cheaply and have something for themselves as well. A good entry point to those looking to keep their bitcoins in the long run, I'd say, and there might not even be another opportunity like this in the future.

I think the latter should be case as what the OP said, the shave off was a big opportunity for those who are late in the game, maybe from 2020 to current.

And then seeing the price going down on a spiral move in the last week, hitting $15k as new lowest low, those who want to enter will be happy so see that price and now comparing it to the 2018 bear market, at least that early price before the end of 2018.

So I do agree, another chance and hopefully investors are going to take advantage of it and not become fearful of the price crash.

Maybe they are thinking that bitcoin could spiral move, and then declare it dead again. History shows us that bitcoin will always recover by this crash and then eventually goes on a massive bull run right after the halving.

[Gallar]

Thank you for driving away all the sellers of smoke and speculators. Thank you for demonstrating the reality of a market that is for all the voiceless in the world. You must be happy, you got your big fiat reward after speculating with BTC. Thanks to all who made this technically possible, those who maintain the network and who have created wonderful things these last 4 years. They worked twice as hard thinking btc would get to 100k (not saying it won't get there) you have left us wonderful things for crypto.

I hope it goes down even more, how happy I am every time I will be able to get some btc at a fair price.

you don't need to hesitate with bitcoin, because bitcoin has proven
with crypto/bitcoin many people are helped, financially.
especially introverted people, who are less skilled at socializing, btc really helps their economy, even though they are only at home, but they have a decent income.

and don't worry if the state of bitcoin has decreased, because it's actually a good opportunity to invest.