Oasisman
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November 22, 2022, 09:08:25 PM |
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Hi guys in my opinion that btc is in Bear market right now and we do not know that how much time it will be in Bear market and for sure it is In bear market. Btc is currently running in 16000 dollars range and it might crash if some bad news might happen. So I was saying that it might crash to my prediction cause market is uncertain but indications are these. So what are your speculations and I will be more curious to know about this.
I gotta say, you should hold on tight coz we might gonna go deeper than just $13k. Possibly a $10k mark or worse. But that doesn't only a bad thing either. When you see it in a positive perspective, that actually is a HUGE opportunity to buy more and enjoy even more profit in the next coming years. Bad news are already happened anyway, and another bad news is people lossing their funds because of the FTX incident and that deprives them to buy Btc currently.
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Silberman
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November 23, 2022, 05:37:04 AM |
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Hi guys in my opinion that btc is in Bear market right now and we do not know that how much time it will be in Bear market and for sure it is In bear market. Btc is currently running in 16000 dollars range and it might crash if some bad news might happen. So I was saying that it might crash to my prediction cause market is uncertain but indications are these. So what are your speculations and I will be more curious to know about this.
Even if we get to see 13500 before the end of this year I do not think it makes too much of a difference, the price is already low enough that I think it is a good idea to buy all the bitcoin you possibly can, and while a cheaper price will only make that even more true it is not as if there is a world of difference between the current level and the level you believe could be the bottom, so it may be a good idea to not focus as much on the price and instead focus ourselves in getting more bitcoin.
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peter0425
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November 23, 2022, 10:08:55 AM |
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that is just 2k far from the last lowest price so why not? but I still believe that we will break 20k again this year before it ends , the market is still showing great increase and there are so much to expect within the range of more than 1 month from now. but but now as we already passed 16k again. never be late or regret your action all that time of 2022.
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kotajikikox
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November 23, 2022, 11:38:58 AM |
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Bitcoin price prediction is impossible, it just wastes our time, if you really believe in bitcoin, believe it will rise again in the future then don't worry too much about where the bottom will be. We just need to know bitcoin goes down but will rise again, so how many bitcoins we own is more important than when bitcoin goes down or when it goes up.
lol , at least predicting will bring more ways to believe mate , this is not a waste of time because this will also make the market volatile and more interesting from all sides of investments. never call it a waste of time because the very moment you entered this market you already knew that this will make you speculate at all time.
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m2017
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November 23, 2022, 02:08:04 PM |
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Hi guys in my opinion that btc is in Bear market right now and we do not know that how much time it will be in Bear market and for sure it is In bear market. Btc is currently running in 16000 dollars range and it might crash if some bad news might happen. So I was saying that it might crash to my prediction cause market is uncertain but indications are these. So what are your speculations and I will be more curious to know about this.
No one will dispute your opinion that the bear market is going on right now. The bad news has already happened and that is why btc fell to this $16 mark. Yes, this is true, this level can be broken and the price can fall even lower if btcoin holders continue to sell it further. I think you shouldn't panic about what's going on if you're a long-term holder and will be holding btc for a long time to come. $16.000 is not $16. Bitcoin still has a high value, which is likely to increase in the future. This scenario has already been played out more than once.
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Smack That Ace
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November 23, 2022, 03:22:43 PM |
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Hi guys in my opinion that btc is in Bear market right now and we do not know that how much time it will be in Bear market and for sure it is In bear market. Btc is currently running in 16000 dollars range and it might crash if some bad news might happen. So I was saying that it might crash to my prediction cause market is uncertain but indications are these. So what are your speculations and I will be more curious to know about this.
Even if we get to see 13500 before the end of this year I do not think it makes too much of a difference, the price is already low enough that I think it is a good idea to buy all the bitcoin you possibly can, and while a cheaper price will only make that even more true it is not as if there is a world of difference between the current level and the level you believe could be the bottom, so it may be a good idea to not focus as much on the price and instead focus ourselves in getting more bitcoin. It is true that we may not have reached the final bottom of this year's bear season, there is a chance that bitcoin could still fall deeper or even lower than the price OP mentioned. But if we compare with ATH and have enough confidence that bitcoin will hit 6 digits in the future, then current price is too good to buy and no need to worry about bitcoin falling further or not, IMO. We are very close to the bottom and if we accumulate from this price until bitcoin hits $100k, that is already a huge profit, so don't try to find the bottom or wait for the price to fall further before buying is a mistake.
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stomachgrowls
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November 23, 2022, 07:52:01 PM |
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Hi guys in my opinion that btc is in Bear market right now and we do not know that how much time it will be in Bear market and for sure it is In bear market. Btc is currently running in 16000 dollars range and it might crash if some bad news might happen. So I was saying that it might crash to my prediction cause market is uncertain but indications are these. So what are your speculations and I will be more curious to know about this.
Even if we get to see 13500 before the end of this year I do not think it makes too much of a difference, the price is already low enough that I think it is a good idea to buy all the bitcoin you possibly can, and while a cheaper price will only make that even more true it is not as if there is a world of difference between the current level and the level you believe could be the bottom, so it may be a good idea to not focus as much on the price and instead focus ourselves in getting more bitcoin. It is true that we may not have reached the final bottom of this year's bear season, there is a chance that bitcoin could still fall deeper or even lower than the price OP mentioned. But if we compare with ATH and have enough confidence that bitcoin will hit 6 digits in the future, then current price is too good to buy and no need to worry about bitcoin falling further or not, IMO. We are very close to the bottom and if we accumulate from this price until bitcoin hits $100k, that is already a huge profit, so don't try to find the bottom or wait for the price to fall further before buying is a mistake. It does always have the chance, this market is never been predictable which means that price is really that it could neither drop that low or not.It would really be depending always on the demand and support of the community here on the market.If ever it would reach out 13500 then my funds is already to buy up some coins in that point and much more if it would go for 10k then i would really be filling up my stash. Therefore, as an investor here on this market then you should prepare up yourself on facing up these conditions or situations.You cant really be that conclusive on a market which is too volatile.
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dezoel
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November 23, 2022, 08:22:04 PM |
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Bitcoin price prediction is impossible, it just wastes our time, if you really believe in bitcoin, believe it will rise again in the future then don't worry too much about where the bottom will be. We just need to know bitcoin goes down but will rise again, so how many bitcoins we own is more important than when bitcoin goes down or when it goes up.
lol , at least predicting will bring more ways to believe mate , this is not a waste of time because this will also make the market volatile and more interesting from all sides of investments. never call it a waste of time because the very moment you entered this market you already knew that this will make you speculate at all time. Anything that you do that you enjoy is not a waste of time. For him he think it's a waste of time because maybe he is only forced to make a prediction or he thinks that anything that he said will come true but it didn't so that caused him to feel bad. This is why it's called prediction because there is no assurance that it will occur. It does not make the market more volatile except if you team it up with actions like you will buy now because you think the price will rise later on, or sell now because you don't want to see your portfolio losing. The $13.5k the op is assuming is still possible to happen. We still have 1 month to finally end the year.
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19Nov16
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November 24, 2022, 06:39:02 AM |
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The opportunity to continue to fall is very large because more and more FUDS after the FTX case, and now many exchanges are limiting withdrawing and applying KYC, as investors we must be vigilant if the price of Bitcoin drops again below $ 15k, trust will disappear when prices continue to drop, and if if the price continues to drop, and if the price continues to drop Prices fell more than 5% a day.
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Kelvinid
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November 24, 2022, 01:28:48 PM |
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I'm hoping not. But not say it was impossible because the market price still continue moving down the hill. I see a terrible market trend after a few months of rest. I thought that $18k is the bottom price because we saw the price of Bitcoin maintain above $20k for a few months but sadly, the FTX issue has been the reason for the huge change. I don't have any idea how long this will take but I still hold and wait for the recovery. And I wasn't buying now as I'm still observing the market behavior.
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taufik123
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November 24, 2022, 03:59:07 PM |
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I'm hoping not. But not say it was impossible because the market price still continue moving down the hill. I see a terrible market trend after a few months of rest. I thought that $18k is the bottom price because we saw the price of Bitcoin maintain above $20k for a few months but sadly, the FTX issue has been the reason for the huge change. I don't have any idea how long this will take but I still hold and wait for the recovery. And I wasn't buying now as I'm still observing the market behavior.
FTX has been the main problem that has destroyed the market, even though bitcoin is not directly involved in the exchange problem, but bitcoin is also affected because the trust of crypto users continues to decline. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.postimg.cc%2FcC0ZWCYp%2FScreenshot-17.png&t=665&c=DmfBQMWZ2mYgMQ) current market behavior is still unstable, after yesterday bitcoin touched the price in the $15,500 area which is the strongest support at the moment, making bitcoin fall back after previously being able to stay above the price of $16k. However, to touch the price of $ 13,500, you still have to penetrate several strong supports, one of which is priced at $ 14,695 as Bearish support which will determine whether Bitcoin is bearish again or not. But right now it is still stuck at $15,500 and continues to climb above $16k. Hoping that bitcoin can survive and return to bullish and not touch the Bearish Support area.
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KingsDen
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November 24, 2022, 08:04:08 PM |
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Hi guys in my opinion that btc is in Bear market right now and we do not know that how much time it will be in Bear market and for sure it is In bear market. Btc is currently running in 16000 dollars range and it might crash if some bad news might happen. So I was saying that it might crash to my prediction cause market is uncertain but indications are these. So what are your speculations and I will be more curious to know about this.
You just made a statement which could be truth or later turn to be false. There is no problem with that because it is called speculation, but where I have some kind of doubt or I need some kind of clarification is why you choose 13,500 dollars. I mean it is not even 13,000 dollars you had to put $500 on it showing that there is a particular reason for choosing that figure. I expected to see your reason with some charts and graphs, but it seems you just chosed some random figures. Which means I can create my own topic and say "I think BTC will see 7,500 dollars in 2022". Then everyone will begin to deliberate extensively on it. Maybe next time you can consider to add your reasons for your speculations.
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BrotherCreamy
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November 24, 2022, 09:46:48 PM |
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I think we will see $7000 in 2023 when the recession hits.
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Baofeng
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November 24, 2022, 10:54:10 PM |
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I think we will see $7000 in 2023 when the recession hits.
We are already in the recession, ever since the war started between Russia and Ukraine. So not sure what recession you are talking about, every country has suffered the worst already, and prices of basic commodities are going up. But let's see if your prediction is a hit or miss. But if we are going to look at previous history, we might see a -85% down, so that means that price can go lower between $10k-$13k so say that we have hit the bottom in this bear market and this is in line with what the OP has predicted.
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ScamViruS
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November 24, 2022, 11:03:58 PM |
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The opportunity to continue to fall is very large because more and more FUDS after the FTX case, and now many exchanges are limiting withdrawing and applying KYC, as investors we must be vigilant if the price of Bitcoin drops again below $ 15k, trust will disappear when prices continue to drop, and if if the price continues to drop, and if the price continues to drop Prices fell more than 5% a day.
FTX caused the market to go into a bad state even after an uptrend started. Now there is a huge fear among everyone and the exchanges are getting a lot of withdrawal request which is difficult for an exchange to handle. If this situation continues, we may see a worse scenario even lower than the OP's target. Because crypto investors still don't know exactly where to go.
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kawetsriyanto
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November 24, 2022, 11:20:04 PM |
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I do not believe this. I know that people have been saying that it will go down more and more, and so far I have said that it won't and each time it did, so I always looked wrong and they always looked right, so I accept defeat there. But this time, I am drawing a red line and saying that anything under 15k is looking impossible unless some major thing happens.
Bitcoin drops below $15k isn't impossible, especially when many investors lose their trust in exchanges and crypto coins after the cases of Luna and FTX. If we have more cases on crypto exchanges or if there is another big crypto project that turns bankrupt, I assume Bitcoin price is possible to fall below $15k. You may think Bitcoin can't drop below $15k based on analyzing the Bitcoin price chart. However, the issue or news seems to have a bigger role in determining the Bitcoin price lately.
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STT
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November 24, 2022, 11:59:37 PM Last edit: November 25, 2022, 12:13:09 AM by STT |
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The mtGox issue was just excess liquidity, that'd be a spike down and back up again not so negative especially longer term. The wider issue now and maybe every low for BTC is confidence and the genuine backbone belief to the usage not just now but ever, future build in its basic utility and also growth towards greater populations of use. Always this market will be tested, at the very start of Bitcoin despite some very clever invention and innovation people said no matter what it had to rip itself apart. They weren't all being negative specifically but because its an arguable point on every economic system thats ever tried to work, from feathers and shells exchanged in ancient times to the modern treasury bill system. All of it is a ticking time bomb because theres always problems, greed is a constant not a question and corruption, theft everything is there waiting to destroy honest exchange so why not Bitcoin also to fail; BTC must end as all value systems are ultimately self-destruction that is the reasoning this year, always tbh. Now we're on lows, these are the questions is it real or a dream to wake from. Bear market right now To me its way to late to state that argument, calling a bear out when we were 40k was the time really. Clever if you can see a negative cycle reoccurring and get ahead of it. Now really I think optimism is the idea to formulate and when to be the optimist. Going out in the middle of a thunderstorm in shorts would be bad timing but its not unknown for sunshine after the rain, in fact its entirely reasonable to start an estimate ahead of time. The bottom price is less important then timing and I dont see BTC itself is altered by the failures of those who had used it, thats just the normal cycle and we're paired with a horrible swing in Dollar that makes entire countries and enterprise systems suffer in their exchange rate some of the fall in BTC is external imo but we also gained some similarly from that cycle also so avoid over focusing imo. We are already in the recession, ever since the war started between Russia and Ukraine. Bigger then the war, is the inflation problem with instability in currencies. Neither is any positive of course.
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BrotherCreamy
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November 25, 2022, 02:15:44 AM |
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So not sure what recession you are talking about, every country has suffered the worst already, and prices of basic commodities are going up.
Hahahaha had to laugh at this one. We are in for a reckoning much worse than 2008. We have been in an inflationary bubble this whole time and still are, hence why prices are (still) going up. We are in a technical recession, but the actual recession hasn't hit yet.
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skarais
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November 25, 2022, 02:16:49 AM |
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Bitcoin drops below $15k isn't impossible, especially when many investors lose their trust in exchanges and crypto coins after the cases of Luna and FTX. If we have more cases on crypto exchanges or if there is another big crypto project that turns bankrupt, I assume Bitcoin price is possible to fall below $15k. You may think Bitcoin can't drop below $15k based on analyzing the Bitcoin price chart. However, the issue or news seems to have a bigger role in determining the Bitcoin price lately. Bitcoin price correction is always possible especially when the market is hit by FUD due to the FTX crash. It is clear that the reaction of traders and investors has affected the price of bitcoin so much that bitcoin has lost a lot of value. Bitcoin has been trying to recover from the last week of October to the first week of November, but has collapsed again since November 8th closing at around $15,742 on November 9th. The FTX issue has affected the crypto market in general and many investors and traders are starting to lose faith in centralized exchanges resulting in a lack of trading activity making bitcoin trade volumes lower. The lowest trading volume peak during November was on the 20th with a volume of around $10.8 billion and I think this is a real reaction to the loss of interest of traders to use the exchange.
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BrotherCreamy
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November 25, 2022, 02:48:11 AM |
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Bitcoin drops below $15k isn't impossible, especially when many investors lose their trust in exchanges and crypto coins after the cases of Luna and FTX. If we have more cases on crypto exchanges or if there is another big crypto project that turns bankrupt, I assume Bitcoin price is possible to fall below $15k. You may think Bitcoin can't drop below $15k based on analyzing the Bitcoin price chart. However, the issue or news seems to have a bigger role in determining the Bitcoin price lately. Bitcoin price correction is always possible especially when the market is hit by FUD due to the FTX crash. It is clear that the reaction of traders and investors has affected the price of bitcoin so much that bitcoin has lost a lot of value. Bitcoin has been trying to recover from the last week of October to the first week of November, but has collapsed again since November 8th closing at around $15,742 on November 9th. The FTX issue has affected the crypto market in general and many investors and traders are starting to lose faith in centralized exchanges resulting in a lack of trading activity making bitcoin trade volumes lower. The lowest trading volume peak during November was on the 20th with a volume of around $10.8 billion and I think this is a real reaction to the loss of interest of traders to use the exchange. At least people are learning their lesson. I honestly can't believe how many people leave their crypto on exchange. Also the number of crypto bros who still believe 'yield farming' is a legitimate way to make money.
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