BTC is likely to head towards a price of $13,000

[Sayeds56]

As long as you not sell your coins, you wouldn't suffer losses since it's still an unrealized loss. I think people who invest in Bitcoin didn't really care on the next year where there many rumor that economy will be in bad condition because they're looking for long term holding. Since Bitcoin's fundamental is really strong and Bitcoin has been declared "dead" for so many times, but in the end Bitcoin will comeback and recover. This make they're trust Bitcoin 100%, just accumulate every dip if you have idle money.

You said it right, no matter if Bitcoin hits 13k or even slips down below 10K, you don't need to worry ,if you don't sell it & continue holding it, but we are all human being & get upset  when we see our unrealized loss is growing in bear market. It is better not to watch trading screen daily if you are long term investor.

Though Bitcoin is currently trading above pivot point (16,563) on weekly chart, but trading volumes are low due to weekend, let's watch and wait how it plays out next week.

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[Paul Pogba]

The possibility to continue to decline is very large because of the issue that there will be cases like FTX, the current exchange war puts us in a difficult situation, although some exchanges have good plans but as investors, of course, will panic and choose to store assets in cold wallets.

[Yaunfitda]

The possibility to continue to decline is very large because of the issue that there will be cases like FTX, the current exchange war puts us in a difficult situation, although some exchanges have good plans but as investors, of course, will panic and choose to store assets in cold wallets.

And so it's good if we are going to store in in cold wallets, or even a hardware wallet that we have control of. And this whole FTX is a wake up call for us to really be mindful of our bitcoin and all other crypto assets as it will just suddenly turn into 0 if we don't take care of it.

For the price itself, I do agree with that majority who says that it doesn't matter if it goes to $13k or below, as long as you are not selling then you actually don't lose any fiat or bitcoin for that matter. And on the contrary, it's a good time to buy and not panic, accumulate as much as you can.

[Joshapat]

Bitcoin prices are always fluctuating and often unexpected, when we think the price will skyrocket but what happens is the price of drop, I still don't believe that the current Bitcoin price is $ 16K or drops more than 75% compared to ATH that had happened a year ago, but on the side Another this is a good opportunity to buy more, and the opportunity to drop under $ 13k certainly can also happen at any time.

[Sayeds56]

Bitcoin prices are always fluctuating and often unexpected, when we think the price will skyrocket but what happens is the price of drop, I still don't believe that the current Bitcoin price is $ 16K or drops more than 75% compared to ATH that had happened a year ago, but on the side Another this is a good opportunity to buy more, and the opportunity to drop under $ 13k certainly can also happen at any time.

It is true that Bitcoin always makes surprising moves and often plays out contrary to market expectation but such moves are often backed by some good or bad news or any big whale like Elon Mush makes huge  buying or selling. The volatility of crypto market is also an opportunity for smart traders to take buy/sell position at their targeted price and make good profit.

[Chato1977]

The recession understands people like you who are facing Investment and financial difficulties. Do you feel that a bear market in risk assets mimicking the global financial crisis, big losses are yet to come?

this will only comes to those who are not ready to keep their funds incase there is a bad happened, we have already seen 15k level so what more if we fall to 10k?

readiness will save us all .


look at what happened in 2020 when the value fell down to 4k , may have panicked but just months after what happened?

this is what we must always consider

[fzkto]

As long as you not sell your coins, you wouldn't suffer losses since it's still an unrealized loss. I think people who invest in Bitcoin didn't really care on the next year where there many rumor that economy will be in bad condition because they're looking for long term holding. Since Bitcoin's fundamental is really strong and Bitcoin has been declared "dead" for so many times, but in the end Bitcoin will comeback and recover. This make they're trust Bitcoin 100%, just accumulate every dip if you have idle money.

You said it right, no matter if Bitcoin hits 13k or even slips down below 10K, you don't need to worry ,if you don't sell it & continue holding it, but we are all human being & get upset  when we see our unrealized loss is growing in bear market. It is better not to watch trading screen daily if you are long term investor.

Though Bitcoin is currently trading above pivot point (16,563) on weekly chart, but trading volumes are low due to weekend, let's watch and wait how it plays out next week.

I think we should look at the price not next week but next year. Right now things are really moving towards the fact that we might see 13500 soon, because every day there is more and more negativity in the market and the end of the FTX story is not yet known. It seems to me that this is the main pending bomb right now.

[siniminomorocomunisakito]

I know that this is not the best time for investing because everyone is selling but I think that after we have a "bottom" and hopefully the price starts rising (like this weekend) then it will be the best time to buy. I am not saying that BTC will explode in 100K$ or back to ATH in this year but I think that at least if you see the charts from last year and you see how much it can grow from summer to end of the year, then i am sure that buying now will give you a lot of money later.

[Slow death]

this is a very dangerous moment to invest, the market can still drop a lot, looking at the bad news, many analysts and many people are already putting the possibility of seeing the price drop to 6000$ which would be the worst of the worst scenarios, to fall for 6000$ they would be so low that I believe many people will buy it, but the question will be when will the price go up from 6000$ to 6000$? I think it would take a long time for the price to recover mainly due to this war in Ukraine, I particularly even lost money when the price dropped a lot

I know that this is not the best time for investing because everyone is selling but I think that after we have a "bottom" and hopefully the price starts rising (like this weekend) then it will be the best time to buy.

the problem with this bottom is that many people are already talking about the bottom would be at 6000$ and of course with that some people will sell and wait to buy at 6000$, I will also wait to see the price drop even more and then I will wait that this war has an agreement and only after that can I buy more, because I'm afraid that I'll buy and then the price will fall even more, in this time when the bad news doesn't stop coming every day the price won't recover so much early so whoever buys lower will profit a lot when the price manages to recover and reach new ATH

I am not saying that BTC will explode in 100K$ or back to ATH in this year but I think that at least if you see the charts from last year and you see how much it can grow from summer to end of the year, then i am sure that buying now will give you a lot of money later.

the price can take years to recover, so when you buy be aware that the price can take more than 2 years or 3 years or 4 years to recover, while there is this war that is causing a financial crisis and also with this history of FTX so the price will take a long time to recover, people who do hodl are already prepared for this, so you also have to be prepared to hold for many years

[virasog]

The recession understands people like you who are facing Investment and financial difficulties. Do you feel that a bear market in risk assets mimicking the global financial crisis, big losses are yet to come?

As per your title, bitcoin may or may not reach 13,000$. We cannot say with 100% conviction that bitcoin may reach 13K or below.
Yes, the recession is on its way, but we never know how bitcoin will react to it. Perhaps people may find the bitcoin to be a safe heaven especially when everyone knows that it is non inflationary.

I am optimistic about bitcoin and think that no matter what the world's economic and financial conditions is, Bitcoin will always have its value. Even if bitcoin dumps to 13K, it will be for a very short period due to the enormous demand of bitcoin BTC

[Jating]

The recession understands people like you who are facing Investment and financial difficulties. Do you feel that a bear market in risk assets mimicking the global financial crisis, big losses are yet to come?

As per your title, bitcoin may or may not reach 13,000$. We cannot say with 100% conviction that bitcoin may reach 13K or below.
Yes, the recession is on its way, but we never know how bitcoin will react to it. Perhaps people may find the bitcoin to be a safe heaven especially when everyone knows that it is non inflationary.

It's not just bitcoin that will be affected by the recession, every one is, every financial market has somewhat feel the burn already, Nasdaq, Dow Jones, Nikkei in the Japan, etc. Probably it's a safe haven, but still though it's not being reflected on the price as everyone is afraid to where to put their money and wealth in this trying times.

I am optimistic about bitcoin and think that no matter what the world's economic and financial conditions is, Bitcoin will always have its value. Even if bitcoin dumps to 13K, it will be for a very short period due to the enormous demand of bitcoin BTC

We will see after the next bitcoin halving, hopefully we are all correct, we might see 6 digits and this could very well be a good sign that bitcoin will and going to stay and even at $13k right now, we have to look at the bigger picture in 2024/25.

[erep]

the price can take years to recover, so when you buy be aware that the price can take more than 2 years or 3 years or 4 years to recover, while there is this war that is causing a financial crisis and also with this history of FTX so the price will take a long time to recover, people who do hodl are already prepared for this, so you also have to be prepared to hold for many years

We cannot predict when the Bitcoin price will recover and it is possible that it will recover quickly or it will take a few years, so we are advised to use the DCA method to buy BTC at high prices to avoid big losses, anyone who is going to invest in crypto must use funds for assets long term because the possibility of recovery is predicted to recover in 2024 but prioritize your analysis because basically there are no predictions with 100% accuracy because the asking price may increase next year.

[bestcoins1]

The possibility to continue to decline is very large because of the issue that there will be cases like FTX, the current exchange war puts us in a difficult situation, although some exchanges have good plans but as investors, of course, will panic and choose to store assets in cold wallets.

Fud and rumors that are not true continue to be made by those who are not responsible so that they can create panic among investors. But I'm sure that if investors have more experience in investing in crypto, they won't panic easily in a situation like now and they also know what to do in a situation like now. It is different with small and new investors, they will tend to experience panic when they hear rumors and untrue news from other people.

[Sayeds56]

The possibility to continue to decline is very large because of the issue that there will be cases like FTX, the current exchange war puts us in a difficult situation, although some exchanges have good plans but as investors, of course, will panic and choose to store assets in cold wallets.

Fud and rumors that are not true continue to be made by those who are not responsible so that they can create panic among investors. But I'm sure that if investors have more experience in investing in crypto, they won't panic easily in a situation like now and they also know what to do in a situation like now. It is different with small and new investors, they will tend to experience panic when they hear rumors and untrue news from other people.

Experienced investors never pay attention to such rumors because they believe in Bitcoin and understand the real worth of it which will definitely skyrocket as soon as market starts recovering. Bull & bear cycles are normal in any market & eventually they end up. In fact, bear cycle provides opportunity to long term investors to accumulate Bitcoin at good price & wait for the return of bull cycle. We should not get panic if Bitcoin slides down to 13K because once it bottoms out, we will see huge buying because there are many big investors waiting for the bottom to take entry.

[Wexnident]

For those who have invested since long ago, a drop from 60k to where we are right now would've been the big loss that OP is talking about. Any drop from now on would just be peanuts to them at this point. For new investors, well, I reckon it's still pretty small, comparatively better compared to people who bought Bitcoin at its peak ofc, but considering how we're still hovering above $10k, I reckon any damages could be negligible, especially if you're considering investing for the long term. As most have said, investing in the long term isn't looking at the next few months, it's the next few years.

[Pejoh Asu]

Many are afraid that if the price of Bitcoin falls deeper, I'm also waiting for the moment to buy, the best we do now is to wait because I'm sure in the future the price of Bitcoin will skyrocket and make the New Ath again, many are waiting for prices to fall again to buy again to buy But if the price continues to survive at the $ 16K level then we must immediately buy.

[mich]

I suppose it is possible that BTC can go to 13000 and its something we should all be ready to prepare for. I knew when I entered the crypto market I was assuming risk but I think it's a calculated risk.

First, I only invest in technologies that I can really stand behind and I truly believe the blockchain and BTC isn't going anywhere for the foreseeable future.

Second, there are so many institutional, retail and government investments in the crypto space I feel secure in my positions. At the end of the day, I find it highly unlikely the floor could drop out from under us but anything is possible.  

[buwaytress]

I suppose it is possible that BTC can go to 13000 and its something we should all be ready to prepare for. I knew when I entered the crypto market I was assuming risk but I think it's a calculated risk.

I remember when being new in the space, how there would be no shortage of people who say the likelihood of Bitcoin going to the moon is about as likely as it is to go to zero.

Of course, that moon figure then was anything from 100k to a million dollars, and we went close enough to the former that even the most bitter pessimist would begrudgingly admit Bitcoin is more likely to recover its losses this year than to go to zero.

For all the reasons you state and much more. The power of the collective retail, for instance, shouldn't be overlooked.

[savetheFORUM]

I know that this is not the best time for investing because everyone is selling but I think that after we have a "bottom" and hopefully the price starts rising (like this weekend) then it will be the best time to buy. I am not saying that BTC will explode in 100K$ or back to ATH in this year but I think that at least if you see the charts from last year and you see how much it can grow from summer to end of the year, then i am sure that buying now will give you a lot of money later.

That was actually the best time for investing. That is when everyone is selling, panicking or fearful because the price of the coins are also dumping that time and it is easy to acquire someone else bitcoins than when they and the market are in a positive mood. Don't wait for the recovery of the price before you start buying because you will miss some profits already unless if you are investing on risky coins.

It is better to observe them first and see if they are still breathing. Even if ath for btc won't return this year, we shouldn't regret of buying. Our btc's will simply stack and when the right moment comes, all of our efforts are going to be compensated.

[ethereumhunter]

Many are afraid that if the price of Bitcoin falls deeper, I'm also waiting for the moment to buy, the best we do now is to wait because I'm sure in the future the price of Bitcoin will skyrocket and make the New Ath again, many are waiting for prices to fall again to buy again to buy But if the price continues to survive at the $ 16K level then we must immediately buy.

We don't need to be afraid if the bitcoin price falls again because it can happen anytime. It's a good time to buy if the bitcoin price falls again because you can buy bitcoin at a lower price than now. There are still many people who want to wait for the price to fall again to buy more but there are also many who are worried that the bitcoin price will drop even further. It's only a matter of time and we can only see what happens next. The important thing is to prepare your money to buy more bitcoins or you will only see the price go down and up again without doing anything.