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

[rokok lokal]

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?

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[Jawhead999]

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.

[mk4]

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

Apologies for being harsh, but based on what? Is it just a number you pulled out of your arse?

Also, we've already been in a bear market for a while now. If anything, consensus is that we're going down more — it's not even an opposing opinion.

[Tytanowy Janusz]

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?

BTC is down from 69k to 16k. Its minus 75%. From 17k to 13k is only 20%. So "big losses are yet to come?" Nah. Even with your prediction (dump to 13k) big losses are mostly behind us.

Speaking of recession. BTC dumped from 69k to 16k in 2021/2022 evaluating harsh economic condition we have now and will have in near future. Thats how market works. It evaluate future, not present. So if you think that economy will start to recover in 2023/2024 (at least temporary relief) its good time to buy now. Even if we have possible another 20% dump ahead.

[gantez]

You have not made your post to relate to your topic regarding the price of $13k , no analysis to that so how are you coming out to that price? We don't have to make fud by ourselves because the economy is dropping, bitcoin may not follow same way because not same statistics for it. Bitcoin with a positive news will increase immediately but economy grow over the years not immediate.

[bots1]

If you look at recent market movements, indeed the price of bitcoin has the potential to fall to the $13k area, but it is difficult to predict it accurately. but in the current bear market situation the thing you can do is hold your assets and don't sell because you will suffer a loss. It's better to wait for the market to be bullish again because you can be sure that after the bear market ends and the bull market comes back, even though it might take a long time.

[michellee]

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?

We have seen the impact of the decline in the price of this crypto and decreased our investment value. That means we are at a loss, but as long as you don't sell your crypto assets, the investment you see will definitely increase again after the bull market returns. You really have to be able to take care of your crypto assets and don't be lured in by negative news from out there because that can make you panic and sell your crypto assets right away. This is the time for us to become strong hands in holding our crypto assets so that when the bull market comes, we can get profits again.

[bestcoins1]

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?

Why do you say the big loss is yet to come?
For example, those who bought Bitcoin at the peak of last year's price and are still holding it until now, they must be said to have suffered a loss because they still haven't got the profit target they wanted and the price increase that many people are still expecting has not yet occurred in the market. And I also don't think that the bear market at the moment is imitating the global financial crisis, because what I saw after the bad case of the big FTX exchange, the market immediately looked bad with lots of simultaneous dips.

[yhiaali3]

It is very possible, yes it is possible that we will get a new bottom for Bitcoin beyond this that we just got, yes the $13,000 number is a number that is frequently repeated in analyzes between different platforms and for several analysts, so I do not rule out that we will reach this number, especially after the recent successive incidents, the latest of which is an accident FTX.
But despite all that I am an optimist and I always say that every drop of Bitcoin is a good opportunity to buy and accumulate, this may be the last chance to buy at a low price because I believe that after this big drop we will get a big rally soon.

[MoonOfLife]

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?

If it happens, there will be no surprise and no need to blame the world for recession or crisis. In the previous bear cycles bitcoin also dropped 80%, 90% and there was no crisis or recession at that time. In short, this is just a bear cycle for bitcoin and there will always be a good reason for bitcoin to drop in price, FTX is also an example of bitcoin falling to $15k.

[ice18]

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?

If it happens, there will be no surprise and no need to blame the world for recession or crisis. In the previous bear cycles bitcoin also dropped 80%, 90% and there was no crisis or recession at that time. In short, this is just a bear cycle for bitcoin and there will always be a good reason for bitcoin to drop in price, FTX is also an example of bitcoin falling to $15k.

I agree on you mate this is all part of the process its a cycle and for now btc is down like 75% from the top so if history repeats itself there is another 20% to 30% price down until final bottom reached if we observe the market its on sideways right now so one small push upward and big dump is very likely to happen, I think we can now see this huge move in the next few days.   

[Baofeng]

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?

It not only mimic, but with a market that is very volatile, perhaps the worst case scenario will be like $10k. As least for me I will brace for that price so that there will be no surprises on my end, and at least I will be prepared to buy at that prices.

And so if others see it as bad or very negative, there could be investors who will take advantage if that situation arises.

Of course, it's very tough, but if you where already alive during the financial crises in 2008-2009, or the effect of the Covid-19 in our market last March 2020 wherein the price nosedive to $3k, you should know what to do by this time and your mentally will be different.

[Yatsan]

If you're too afraid then ease your mind; sell you holdings. This is being repeatedly told to every investors here. You won't be wrong from either selling or holding because that is your decision. Just be safe feom regrets whatever decision you are about to take; this is your goal as an investor. The market is volatile in nature simply because its market value is determined by demand. With demand, it is not constant because of factors affecting it. If you can endure no matter how low the market price gets, then continue holding. The losses, as long as you are not selling, are just temporary and you only have to wait for the recovery. This is how simple investment is, not only in this industry but also to other types of asset.

[AverageGlabella]

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

Apologies for being harsh, but based on what? Is it just a number you pulled out of your arse?

Also, we've already been in a bear market for a while now. If anything, consensus is that we're going down more — it's not even an opposing opinion.

Bitcoin goes below $14,000 and people make the obvious guess that it will go all the way down to the next 1000. It is not based on charts or patterns or any insight but reaction based on the current price going below the 1000. Other members are predicting $10,000 not based on anything but aiming for the next rounded ten thousand. I find most members here are reactionary and pull figures out of their ass

[Reid]

If it does, then another opportunity for those who are doing DCA. Investment wise though, I would rather keep my BTC intact. You are not really at loss if your 1 Bitcoin is still 1 Bitcoin. It doesn't matter when you bought it, it's the time that you have to think about.
If you have a plan on keeping it for 10-20 years then this should not worry you. Only traders should worry about the impact of this sudden dumps because that's their business.
IMHO, Bitcoin will still go up, and again it's just a matter of time.

[AverageGlabella]

If you have a plan on keeping it for 10-20 years then this should not worry you. Only traders should worry about the impact of this sudden dumps because that's their business.
IMHO, Bitcoin will still go up, and again it's just a matter of time.

If btc is still alive in 10-20 years it will definitely be worth more then it is now but whether or not it is still alive is the question that most people fear. That is why we have these headlines of Bitcoin will collapse if certain exchanges die but it is not true. When exchanges like ftx, mtgox or even Binance disappear new ones replace it. The short term (1-2 years) the price gets hit but it does normally recover just look at the past with mt gox.

[crunck]

I personally think Bitcoin will definitely move towards somewhere under 15k dollars in near future although I think it will happen mainly because of crisis caused by FTX. I feel like world started to solve problems caused in covid era. Every economy is getting on their feet. Right after inflation problem is solved everything will be better and that period we will see huge crypto bull. "Hold your breath for couple more months and keep buying whenever bitcoin is low" is my motto.

I also think that if bitcoin has a reason to drop in the future, it could be due to the crash of FTX, things won't end so soon. Interest rate and war news have no longer affected the market in the latest month. Bitcoin stood firm during the November rate hike and if it weren't for the FTX crash we would probably have had a sizable rally.

[DudeAtWork420]

In a long term prospective this price is nothing. Just think there is only 21M BTC for 8B people on the earth. Most people on the earth will never be able to get 1 BTC. I think current price is still manageable for many people so if you are getting it in a lower price then why not filling your bags instead of complaining. BTC could go below 10k but it will gradually increase in price before next halving.

[gantez]

In a long term prospective this price is nothing. Just think there is only 21M BTC for 8B people on the earth. Most people on the earth will never be able to get 1 BTC. I think current price is still manageable for many people so if you are getting it in a lower price then why not filling your bags instead of complaining. BTC could go below 10k but it will gradually increase in price before next halving.

No need for the complaining because if bitcoin go down to the bear of $2k not every body will want to buy it for because of their own reason. It is the people that understand it and do investment on it that will be concerned to buy. It is not for everyone to buy whether bitcoin is in short supply of 21 million for 8billion people in the world. People are different , some just to pull down whatever thing they don't l like. It is just for the people believing in it as asset for investment that will buy.

[AverageGlabella]

In a long term prospective this price is nothing. Just think there is only 21M BTC for 8B people on the earth. Most people on the earth will never be able to get 1 BTC. I think current price is still manageable for many people so if you are getting it in a lower price then why not filling your bags instead of complaining. BTC could go below 10k but it will gradually increase in price before next halving.

No need for the complaining because if bitcoin go down to the bear of $2k not every body will want to buy it for because of their own reason. It is the people that understand it and do investment on it that will be concerned to buy. It is not for everyone to buy whether bitcoin is in short supply of 21 million for 8billion people in the world. People are different , some just to pull down whatever thing they don't l like. It is just for the people believing in it as asset for investment that will buy.

$2,000 would be disastrous and would cause the biggest panic we have prolly seen. I do not think it will go down that low there is too much demand and as soon as btc reaches lower then 10k people will be buying it just to gamble on it returning to the numbers it has done in the last couple of years. I do not think btc will go down to $10,000 as that would require further drama from FTX and I think we are getting close to closure with that