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

[DVlog]

Seeing conditions like this of course always makes us worried, especially if we have large assets, a year ago I have assets of around $30k which I think is large, this make me difficult to sleep and every day check prices at least 3 times, this makes me uncomfortable so I sold about $25k and left $5000 and due to the drop it's now around $2200.

If you sell some of your BTC in the top then you have a chance to 3X those portfolio sizes. You should be happy now because you have done better than many big institutions who rekt and tumbling. As long as you are holding BTC in your portfolio you are a smart investor and if you manage to increase that portfolio along the way then you are a super smart investor.

[CageMabok]

Seeing conditions like this of course always makes us worried, especially if we have large assets, a year ago I have assets of around $30k which I think is large, this make me difficult to sleep and every day check prices at least 3 times, this makes me uncomfortable so I sold about $25k and left $5000 and due to the drop it's now around $2200.

Does the decrease in the number of asset values ​​that you feel and experience now still make you unable to sleep? Because in terms of the amount of loss you are experiencing right now, in my opinion, it is also not small, so I want to know how you feel when you experience this. Although you can still recover the lost amount by waiting for an increase in the price of the asset you currently own.

You are the type of person who panics and cannot manage your emotions because the steps you take to sell when the price drops indicate you are panicking. Even though with assets that big that you have, you have the potential to get big profits if the price increases significantly later. My advice, never panic when the price of cryptocurrency drops. It's better to hold assets in the long term and don't always check prices on the market because that can make you panic and unable to manage your emotions.

From the stories he told, it was very clear that he was very panicked when he always checked the number of assets and their values ​​three times a day. This means that he is very afraid of losing the amount of assets he already has, but instead chooses to sell $25K and leaves $5K in cryptocurrency assets. I don't think it was wrong for him either because he said he himself couldn't sleep when his assets were still not sold and he was only looking for comfort in his life by selling some of the assets he had at the time.

After all, the crypto space is not meant for panicked people, but only for people who are patient and diligent in working to achieve their goals properly without selling existing assets or releasing valuable assets just for fear of a drop in the price of their assets.

[Maidak]

Seeing conditions like this of course always makes us worried, especially if we have large assets, a year ago I have assets of around $30k which I think is large, this make me difficult to sleep and every day check prices at least 3 times, this makes me uncomfortable so I sold about $25k and left $5000 and due to the drop it's now around $2200.

You are the type of person who panics and cannot manage your emotions because the steps you take to sell when the price drops indicate you are panicking. Even though with assets that big that you have, you have the potential to get big profits if the price increases significantly later. My advice, never panic when the price of cryptocurrency drops. It's better to hold assets in the long term and don't always check prices on the market because that can make you panic and unable to manage your emotions.

But I see he made the right decision to sell them, if he didn't sell them maybe 30k dollars now only 15k dollars and that's a huge loss.

@Semar Mesem, I don't know what coins you've held but if it's bitcoin I also see you made the right decision. Bitcoin is a good investment but if you buy it at the wrong time it is no longer a good investment, a good investment only if it gives us a profit. If you are worried, it is due to your lack of knowledge in investing, I advise you to do thorough research and analysis when investing and only invest with the amount you can lose. Do not invest with the above amount if you are not ready to lose it.

[Nrcewker]

Seeing conditions like this of course always makes us worried, especially if we have large assets, a year ago I have assets of around $30k which I think is large, this make me difficult to sleep and every day check prices at least 3 times, this makes me uncomfortable so I sold about $25k and left $5000 and due to the drop it's now around $2200.

When you invested that amount in something, you should always be prepared. Also when the investment is large, you should also think about investing it for long terms. But as you panicked and sold the coins, you showed untrustworthy towards Bitcoins. It’s just a bear phase which will eventually pass. If you have thought consciously and done good calculations, then definitely you would have made good profits. Nevertheless it’s not too late, hold those assets till the bull market starts. Then definitely you will see good profits.

[fullhdpixel]

Seeing conditions like this of course always makes us worried, especially if we have large assets, a year ago I have assets of around $30k which I think is large, this make me difficult to sleep and every day check prices at least 3 times, this makes me uncomfortable so I sold about $25k and left $5000 and due to the drop it's now around $2200.

When you invested that amount in something, you should always be prepared. Also when the investment is large, you should also think about investing it for long terms. But as you panicked and sold the coins, you showed untrustworthy towards Bitcoins. It’s just a bear phase which will eventually pass. If you have thought consciously and done good calculations, then definitely you would have made good profits. Nevertheless it’s not too late, hold those assets till the bull market starts. Then definitely you will see good profits.

Investment is something that you need to do with the mindset of that money as "gone", because if you can do that the you could make a lot of profit. I believe Warren Buffet has been invested into coca cola company for about 50 years or so right now, never considered selling it at all.

I understand we may want to sell wen we get some money so that we could buy some good things, but at t end of the day the longer you hold it, the more stuff you could buy with it, even take a loan against it. Which is why it's clear that not many people in the crypto world could make a huge profit like that because most of them are retail investors who never had a lot of money.

[CryptoDor]

Prices such as 13,000$ are inevitable. A few more projects are about to get exposed and cause further panic which will just fill the pockets of whales which are accumulating - preparing for the bull run in 2025.

[Captain Corporate]

Prices such as 13,000$ are inevitable. A few more projects are about to get exposed and cause further panic which will just fill the pockets of whales which are accumulating - preparing for the bull run in 2025.

This is just a FUD and nothing more. I am not saying that it is impossible to go to 13k, there is of course a possibility that it could, but also you should remember how we have no idea whats going to happen and that means it could very well be reaching 20k tomorrow and we do not know for sure when projects will be exposed and even if they would and how people would even react to it. So there is no guarantee that the price will be 13k, it may or may not and we have no idea. The word "inevitable" is the problem, if you talked with possibilities it would be fine, but if you say inevitable, then you are wrong.

[Baofeng]

Prices such as 13,000$ are inevitable. A few more projects are about to get exposed and cause further panic which will just fill the pockets of whales which are accumulating - preparing for the bull run in 2025.

I'm not sure where you get that another project will be exposed, and I'm assuming that magnitude will be like the Terra Luna and the FTX that it will cause further panic in the market, so a already sensitive one that any negative news, investors reacted with a huge sell off.

But lets see, again I haven't heard any news, as you have said though, look at the bright side, is not also whales that can take advantage of the situation. Even average joe just like the majority of us can fill our pockets and wallets with cheap bitcoin and then hold and wait for the bull run in 2025.

[serjent05]

Prices such as 13,000$ are inevitable. A few more projects are about to get exposed and cause further panic which will just fill the pockets of whales which are accumulating - preparing for the bull run in 2025.

I'm not sure where you get that another project will be exposed, and I'm assuming that magnitude will be like the Terra Luna and the FTX that it will cause further panic in the market, so a already sensitive one that any negative news, investors reacted with a huge sell off.

But lets see, again I haven't heard any news, as you have said though, look at the bright side, is not also whales that can take advantage of the situation. Even average joe just like the majority of us can fill our pockets and wallets with cheap bitcoin and then hold and wait for the bull run in 2025.

Somehow another negative news hits the market since Blockfi declared bankruptcy[1] and filed bankruptcy protection following the FTX demise.  I hope the FUD on this bad news won't be that bad that will pull the price of Bitcoin lower.  It is been a series of bad news for crypto exchanges and services that greatly affect the market of Bitcoin.  I hope that people will learn a lot from this. 

If this bad news is able to shake the bitcoin market then we can possibly see a sub $15k price soon.  Aside from this bankruptcy announcement, there is another factor that may pull the price of Bitcoin and that is the bitcoin miner's due capitulation[2].  It was stated that miners are ready to sell their Bitcoin in order for them to have funds for operation and somehow take profit from their mining activity.

Prices such as 13,000$ are inevitable. A few more projects are about to get exposed and cause further panic which will just fill the pockets of whales which are accumulating - preparing for the bull run in 2025.

This is just a FUD and nothing more. I am not saying that it is impossible to go to 13k, there is of course a possibility that it could, but also you should remember how we have no idea whats going to happen and that means it could very well be reaching 20k tomorrow and we do not know for sure when projects will be exposed and even if they would and how people would even react to it. So there is no guarantee that the price will be 13k, it may or may not and we have no idea. The word "inevitable" is the problem, if you talked with possibilities it would be fine, but if you say inevitable, then you are wrong.

It isn't FUD, I think it is a prediction that is very possible considering the recent announcement of bankruptcy by Blockfi.  I really hope that this news will not have an effect like FTX because if it did, FUD around the market will strenthen which may lead to massive sell-off making lots of holders to lose faith in Bitcoin market.


[1] https://www.coindesk.com/policy/2022/11/28/ftx-fallout-continues-as-crypto-lender-blockfi-declares-bankruptcy/
[2] https://cointelegraph.com/news/new-btc-miner-capitulation-5-things-to-know-in-bitcoin-this-week

[EdenHazard]

Prices such as 13,000$ are inevitable. A few more projects are about to get exposed and cause further panic which will just fill the pockets of whales which are accumulating - preparing for the bull run in 2025.

This is just a FUD and nothing more. I am not saying that it is impossible to go to 13k, there is of course a possibility that it could, but also you should remember how we have no idea whats going to happen and that means it could very well be reaching 20k tomorrow and we do not know for sure when projects will be exposed and even if they would and how people would even react to it. So there is no guarantee that the price will be 13k, it may or may not and we have no idea. The word "inevitable" is the problem, if you talked with possibilities it would be fine, but if you say inevitable, then you are wrong.

True , we have been trhough the situation like this many times and we get better everyday , every month , every year ... everytime we passed the FUD , the though situation that makes everyone especially the newcomer in doubt on how bitcoin would survive with all these weak spots exposed , we always find a way out.

And that what makes bitcoin worth higher even more , we are a couple years apart from the halving day as well , you can always expect something big at that day or the days after the halving.

[Lubang Bawah]

Prices such as 13,000$ are inevitable. A few more projects are about to get exposed and cause further panic which will just fill the pockets of whales which are accumulating - preparing for the bull run in 2025.

Market dump will be difficult to avoid in the near future, even I'm sure cases like FTX will occur again, according to predictions from many market experts in 2023 will also be red and maybe Q4 in 2023 will start to improve, we are waiting for whether this year's price can return to the level of $ 20 K or drop below $ 13K.

[Ani1985]

If the price of $ 13k occurs then as an investor never be afraid, this is a good price to buy, since the price of dropping below $ 20k I never sell Bitcoin, instead I bought several times, when the Binance financing plan can be successful then I'm sure the market will be Rising Again.

[ice18]

If the price of $ 13k occurs then as an investor never be afraid, this is a good price to buy, since the price of dropping below $ 20k I never sell Bitcoin, instead I bought several times, when the Binance financing plan can be successful then I'm sure the market will be Rising Again.

Thats correct mate just continue holding and buying every dip looks like btc price is moving as what I expected slow pump up to $18k since this is also a resistance level and then goes downward again targeting a possible $13k might playout next month but this we still dont know if this scenario will still happen If it continue to move upward then its a good sign for a start of bull market again.   

[Lambe Ndumble]

Sad to see the current price, I lost a lot because the price of Bitcoin continues to decline, it turns out it's not easy to profit if we invest in cryptocurrencies, I once bought Bitcoin in 2017 and then sell and profitable 100% and makes me excited to invite friends or family to Invest Bitcoin.

[Davian144]

Sad to see the current price, I lost a lot because the price of Bitcoin continues to decline, it turns out it's not easy to profit if we invest in cryptocurrencies, I once bought Bitcoin in 2017 and then sell and profitable 100% and makes me excited to invite friends or family to Invest Bitcoin.

Now how do your own friends and family feel when they see the current market conditions? Because if you used to think that it would be easier to make a profit in the crypto space, that would have been very wrong, in fact, even though you are well motivated so you dare to invite your friends and family to get into crypto investing.

Even though what you must understand first before inviting more people to get involved in any investment is about the risks, so you will also consider it yourself when you want to invite other people for things related to crypto.

[Chato1977]

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.

that is wrong , because the best time to invest is when everyone is selling because this is the lowest price we can get with discount
.you will know that tomorrow the price wills tart gaining .

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.

Bitcoin will not face ATH this year or the next but in a couple of years check back and you will see it coming.

[Punakawan]

Maybe Bitcoin will fall under $ 13K or lower, but the thing that makes us have to always be optimistic is the price will soon rise again, this has been tens of times I feel, even when 2018 when the price drops significantly from $ 19K to below $ 5000 and makes me panic and regret for selling all assets, if holds until 2021 then I get a big profit

[FanEagle]

And with today, I believe the bear run is over. I know that people will call it a reactionary talk, but I believe that we have shown what the market could do and that's about it, we have dropped to our bottom and that's it. From the looks of it today, we have reached to a good increase and that could very well be the start of a bull run.

If nothing else, unless there is major horrible news like Binance crashed or something, then we will not see 13k, that's the key point, and that means if you didn't listen to OP and not waited and bought at the low, then you already started to profit, and you will keep on profiting more and more the higher it goes.

[inthelongrun]

I believe we reached the bottom already last month. No need to wait and hope for bitcoin to drop to $13,000. So it was $15,000+ only unless a big disaster will once again affect the market. Bitcoin will start to recover and will have a mini bull run. I am still highly speculative that the next halving year remains the start of the real bull run where new ATHs will be reached. So we still have over a year of accumulation before the next halving.

[ginsan]

Prices such as 13,000$ are inevitable. A few more projects are about to get exposed and cause further panic which will just fill the pockets of whales which are accumulating - preparing for the bull run in 2025.

I think it is an opinion you can not be sure of the truth. If you assume the truth then we need a stronger source to support your words. I think we were at the lowest point of the year at $15400 when the market went wild when ftx went bankrupt. after that you can see the market reaction which is slowly recovering. So, we need to be patient to see bigger profits and we also need support from positive news to restore investor confidence in current market conditions.

I believe we will pass quickly and move towards $20k early next year. this move became my option to buy a small amount of btc from my work and i think you can apply the dca strategy to capitalize when the price is low to accumulate more. do not believe too much on news that is not based on strong sources, they always disrupt the market to be able to enter at the lowest point, you have to learn this case from before.