Bitcoin is not going to $12k.

[jasonjm]

Will people actually accumulate when bitcoin drops to $12k? Or will people get scared and keep waiting for the price to drop further and eventually no one will buy? If anyone has faith in bitcoin, the current price is suitable to buy and if it drops to 12k USD, we will buy more. As for those who do not dare to buy bitcoin at 25 thousand USD, I guarantee that they will not have the courage to buy bitcoin if it drops further. If people are willing to buy more every time bitcoin drops, then why does it drop that much?

The people who are looking to invest in bitcoin will think that let the price drop further. Every person sets a target of when and at which price he will buy, and when the price touches that range, they will certainly accumulate some bitcoins. Yes! some people might get greedy even at $12k and want to buy more lower, they will miss out. Retail investors get scared by the Bitcoin price action if they are new in the crypto market.
The price drops because this is how a stock market/ crypto market behaves. Everyone wants to earn more profit from their investments. Whales wanted to accumulate more and more coins. This is the reason why stocks behave the way they do.

[bitterguy28]

Will people actually accumulate when bitcoin drops to $12k? Or will people get scared and keep waiting for the price to drop further and eventually no one will buy? If anyone has faith in bitcoin, the current price is suitable to buy and if it drops to 12k USD, we will buy more. As for those who do not dare to buy bitcoin at 25 thousand USD, I guarantee that they will not have the courage to buy bitcoin if it drops further. If people are willing to buy more every time bitcoin drops, then why does it drop that much?

The people who are looking to invest in bitcoin will think that let the price drop further. Every person sets a target of when and at which price he will buy, and when the price touches that range, they will certainly accumulate some bitcoins. Yes! some people might get greedy even at $12k and want to buy more lower, they will miss out. Retail investors get scared by the Bitcoin price action if they are new in the crypto market.
The price drops because this is how a stock market/ crypto market behaves. Everyone wants to earn more profit from their investments. Whales wanted to accumulate more and more coins. This is the reason why stocks behave the way they do.

those greedy people are the one who mostly to lose ,
expecting so much low is something you will regret when the bull certainly happen.
don't think price will go that low,or maybe 15-20k is the lowest that we can see before the bitcoin halving next year.
expect a low but sorry not to support that range.
market will keep shows its low , but there are recovery happening each time so i guess we are on the right track here.

[rachael9385]

To be honest, I think we just have to let things roll how it will roll, let it happen. If the price arrives at that point then and there we would know if the market will still have the confidence of the people which will end up with them buying bitcoin when it goes to 12k or will they panic sell which will drive the prices even lower. I just hope that in the event it ever happens, I have already sold most of my bitcoin and then buy back at that price.

If Bitcoin goes back to that point, the demand in the market will be too much to the extent of net errors lol , a lot of people will lose and a lot of people will also gain. If, by any means, Bitcoin dropped to that extent, a lot of people will click the buy button and maybe before that time some investors will click on the sell button and sell their coins just like the way you are planing to sell if that time comes. Although some new investors who don't have the mindset of risking might not be involved any longer untill they start seeing how progressive the price is going.

Anyway, if Bitcoin comes back to the price of $12k, a lot of people will accumulate enough that they can afford it. I will also do the same, because my own investment strategy is just to accumulate more coin and never sell, until I am ready and I can never be ready anytime soon.

Will people actually accumulate when bitcoin drops to $12k? Or will people get scared and keep waiting for the price to drop further and eventually no one will buy? If anyone has faith in bitcoin, the current price is suitable to buy and if it drops to 12k USD, we will buy more. As for those who do not dare to buy bitcoin at 25 thousand USD, I guarantee that they will not have the courage to buy bitcoin if it drops further. If people are willing to buy more every time bitcoin drops, then why does it drop that much?

@CryptoBuds, I believe you already know the right answer to your question. For instance, you already have Bitcoin knowledge and you are so willing to invest in Bitcoin and when you checked the price of Bitcoin, it was in the range of $25,900k as it is today. Then you have the money but you didn't buy it because you were waiting for the dip and in the next 15 hours you checked again and the Bitcoin price had dropped to $12k. Will you still wait for it to drop? Of course not. For me, in a situation like this where I can't actually predict prices, I will just buy as many coins as I can afford because I don't know if such an opportunity will ever come again.

If Bitcoin dropped from $25k to $12k, no need to wait for it to drop again because that is the risk we are all talking about. As a good investment, with the little money you can afford, you should not be scared to take a risk with the capital true the help of our own strategy.

[Davian144]

those greedy people are the one who mostly to lose ,
expecting so much low is something you will regret when the bull certainly happen.
don't think price will go that low,or maybe 15-20k is the lowest that we can see before the bitcoin halving next year.
expect a low but sorry not to support that range.
market will keep shows its low , but there are recovery happening each time so i guess we are on the right track here.

Now we are all on a sideways path with no recovery and no decline that big, because in general the price of Bitcoin is still in the $26K range so there is no shadow of going to $20K before the halving actually occurs on Bitcoin. And in terms of timing we are currently in the fourth quarter before next year arrives, so the possibility of seeing a $20K price range I think is very small, but for a price recovery it seems much more likely to happen again for Bitcoin even if only to see the price return $30K in Bitcoin before next year.

[inthelongrun]

At the moment, I am really assuming that bitcoin will not really go down that low. The price already dropped hard to $15k and that was it. Since that big drop, it started to increase to $30k. Now we are at another correction at $26k. The support is holding really strong. I'm glad I was able to purchase at $25k something last week for my monthly dollar-cost averaging. The price is looking to reach back to $28k or even more in the weeks to come.

So the price of $12k for bitcoin is only a dream to those who waited for it. I bet it won't happen this cycle since the halving is already happening next year and we already know what's next.

[fzkto]

Will people actually accumulate when bitcoin drops to $12k? Or will people get scared and keep waiting for the price to drop further and eventually no one will buy? If anyone has faith in bitcoin, the current price is suitable to buy and if it drops to 12k USD, we will buy more. As for those who do not dare to buy bitcoin at 25 thousand USD, I guarantee that they will not have the courage to buy bitcoin if it drops further. If people are willing to buy more every time bitcoin drops, then why does it drop that much?

The people who are looking to invest in bitcoin will think that let the price drop further. Every person sets a target of when and at which price he will buy, and when the price touches that range, they will certainly accumulate some bitcoins. Yes! some people might get greedy even at $12k and want to buy more lower, they will miss out. Retail investors get scared by the Bitcoin price action if they are new in the crypto market.
The price drops because this is how a stock market/ crypto market behaves. Everyone wants to earn more profit from their investments. Whales wanted to accumulate more and more coins. This is the reason why stocks behave the way they do.

those greedy people are the one who mostly to lose ,
expecting so much low is something you will regret when the bull certainly happen.
don't think price will go that low,or maybe 15-20k is the lowest that we can see before the bitcoin halving next year.
expect a low but sorry not to support that range.
market will keep shows its low , but there are recovery happening each time so i guess we are on the right track here.

If there weren't a few times where there was a big drop when no one expected it, your words would be true. But remember 2018 when bitcoin fell to 3k. Then there was 2020 when bitcoin fell to 3k again before halving. So it's better to be prepared for such a drop to be able to buy more coins. Another issue is that when the price drops, people expect it to drop even lower.

[DeathAngel]

$12,000 would be awful, I do not foresee a dump that deep. It would take something tragic like WW3 starting or a Great Depression for that to come to fruition. However, if there was an event that created a market sell off that severe, you should all buy as much as you can afford to because $12,000 would be a gift which would be short lived.

[YOSHIE]

Personally, I also don't believe bitcoin will drop below $15k. And I think we have a chance to buy cheap and don't miss it.

Speculation can be right and it can be wrong, but speculation is a role model for many people to determine market direction, I agree $12k seems difficult at the moment, I just think Bitcoin's lowest price will be around $20k-$25k, of course we've seen $25k, maybe we'll see $20k in the future, but that's 50/50 in my opinion.

But whatever happens I hope now it's a good decision to own some Bitcoins and in the future I hope that among the various speculations I know, there will be good results.

[khiholangkang]

$12,000 would be awful, I do not foresee a dump that deep. It would take something tragic like WW3 starting or a Great Depression for that to come to fruition. However, if there was an event that created a market sell off that severe, you should all buy as much as you can afford to because $12,000 would be a gift which would be short lived.

Logically this has a possibility, but from experience bitcoin's journey to a price of $12k is impossible because we have already touched the bottom of this cycle at a price of $15k. Economic depression and the third world war might push the price of bitcoin to that point. , but if you look at the current situation and the increasing number of people who recognize bitcoin, the potential is not visible at all.

I agree that Bitcoin going to $12k is a very short gift, and it's like an angel wanting to give diamonds directly to me.

Personally, I also don't believe bitcoin will drop below $15k. And I think we have a chance to buy cheap and don't miss it.

Speculation can be right and it can be wrong, but speculation is a role model for many people to determine market direction, I agree $12k seems difficult at the moment, I just think Bitcoin's lowest price will be around $20k-$25k, of course we've seen $25k, maybe we'll see $20k in the future, but that's 50/50 in my opinion.

But whatever happens I hope now it's a good decision to own some Bitcoins and in the future I hope that among the various speculations I know, there will be good results.

Indeed, people have their own tendencies to respond to speculation, and among them there are also many who believe in something that is beyond their reason, but we seem to agree that this is not possible for our cycle this time "having a lot of bitcoin today is the right decision" and indeed Our bottom point is $20k, and even then it's very difficult to fall beyond that number, so what's the reason not to buy bitcoin at the current price?

[$crypto$]

$12,000 would be awful, I do not foresee a dump that deep. It would take something tragic like WW3 starting or a Great Depression for that to come to fruition. However, if there was an event that created a market sell off that severe, you should all buy as much as you can afford to because $12,000 would be a gift which would be short lived.

If the event had started with normal FUD it wouldn't have affected the price significantly to fall to $12,000 but the third world war would have never happened, maybe there would have been something even more tragic, that's what the mind never thought of.
Of course, this is like a gift that you have to do immediately to buy as much bitcoin as possible at a price of $12,000. If you keep delaying it, Bitcoin will quickly fly back up to its normal price.
But none of that will happen. Trust me.

[cabron]

$12,000 would be awful, I do not foresee a dump that deep. It would take something tragic like WW3 starting or a Great Depression for that to come to fruition. However, if there was an event that created a market sell off that severe, you should all buy as much as you can afford to because $12,000 would be a gift which would be short lived.

If the event had started with normal FUD it wouldn't have affected the price significantly to fall to $12,000 but the third world war would have never happened, maybe there would have been something even more tragic, that's what the mind never thought of.
Of course, this is like a gift that you have to do immediately to buy as much bitcoin as possible at a price of $12,000. If you keep delaying it, Bitcoin will quickly fly back up to its normal price.
But none of that will happen. Trust me.

Well, the threat is there while there are a lot of commotions in every corner of the earth from the Atlantic sea, Europe, Saheel to the Chinese sea. If the war in Ukraine ever spills, it could actually happen and it's always the hard cash that is pretty much useful when chaos starts. Everybody might just sell. 12000 however is just too much of a dip, but it sounds like Gareth Soloway p[rediction again. That guy is just keeping his exaggerated fud.

So far everyone doesn't want that to happen of course, the firepower of big nations can put us all to dust so it better be prevented.

[benalexis12]

That can happen, as long as there is a deep reason. The kind of negative news about Bitcoin or cryptocurrency It is possible that the price will gradually decrease. Or if the dollar continues to rise against bitcoin. But in reality this is not possible for the value of the dollar to continue to rise because that has never happened before until now. So, that means that even if the value of Bitcoin goes down now, it will recover immediately in a few days or weeks.

[Dave1]

That can happen, as long as there is a deep reason. The kind of negative news about Bitcoin or cryptocurrency It is possible that the price will gradually decrease. Or if the dollar continues to rise against bitcoin. But in reality this is not possible for the value of the dollar to continue to rise because that has never happened before until now. So, that means that even if the value of Bitcoin goes down now, it will recover immediately in a few days or weeks.

I don't think that negative publicity will bring bitcoin to $12k. It has something to do with like FTX collapse that will pressure a lot of investors to sell because they don't like what they are seeing at that time.

But it is just some negative news, then I don't see it pulling the price massively that it will move to $12k. The last lowest low is $15,500, and it was due to FTX as I have said. But so far we can only hope that there will be no black swan events similar to that.

[Davian144]

That can happen, as long as there is a deep reason. The kind of negative news about Bitcoin or cryptocurrency It is possible that the price will gradually decrease. Or if the dollar continues to rise against bitcoin. But in reality this is not possible for the value of the dollar to continue to rise because that has never happened before until now. So, that means that even if the value of Bitcoin goes down now, it will recover immediately in a few days or weeks.

While price declines can occur for a reason, price recovery can also occur for a reason. Because market conditions are always influenced by real, more logical reasons, this has become very commonplace nowadays. There is nothing more surprising in the market than these two things which are influenced by events that occur outside the market, but for now price recovery is starting to be seen again, although it is only increasing slowly in the market.

[Ricardo11]

I don't think the value of Bitcoin can go down that much. Because we are going to see a bull market very soon, and currently the price of Bitcoin is above 26k. In that I don't think that such a big gap in the value of Bitcoin can happen. Also I personally don't think the price of Bitcoin will drop that much. But no one can say for sure. Unfortunately if something bad like that happens, we'll be at least 20k in each currency. And the chances of something bad happening are very low.

[virasog]

At the moment, I am really assuming that bitcoin will not really go down that low. The price already dropped hard to $15k and that was it. Since that big drop, it started to increase to $30k. Now we are at another correction at $26k. The support is holding really strong. I'm glad I was able to purchase at $25k something last week for my monthly dollar-cost averaging. The price is looking to reach back to $28k or even more in the weeks to come.

So the price of $12k for bitcoin is only a dream to those who waited for it. I bet it won't happen this cycle since the halving is already happening next year and we already know what's next.

I am sorry to say that but if bitcoin goes to 15K or 12K$ levels at this moment, then the trend will be shifted and there will be no bull run in 2024/25. Going to 12$ means that we have broken the weekly trend of Higher High (HH) and Higher low (HL) and again moved to a bearish momentum of Lower Low (LL) and Lower High (LH).

I think the lower side of bitcoin at the current price level is very less and more chances is that bitcoin will continue moving up from these levels of 25K-26K.

[Negotiation]

Bitcoin's value will not go down so much bitcoin's price fluctuations have the impact of negative news circulated. When the negative news was released many investors hurriedly sold their bitcoin it reduces the price again the positive news is revealed. Bitcoin is the largest cryptocurrency in the world by market value in the present, the price has dropped drastically, but the price of the sky can reach the price of bitcoin millions of dollars. Investors may be widely attracted to cryptocurrency due to crisis in various banking sectors producers may also be encouraged to increase storing for global supply.

[Webetcoins]

If the event had started with normal FUD it wouldn't have affected the price significantly to fall to $12,000 but the third world war would have never happened, maybe there would have been something even more tragic, that's what the mind never thought of.
Of course, this is like a gift that you have to do immediately to buy as much bitcoin as possible at a price of $12,000. If you keep delaying it, Bitcoin will quickly fly back up to its normal price.
But none of that will happen. Trust me.

Well, the threat is there while there are a lot of commotions in every corner of the earth from the Atlantic sea, Europe, Saheel to the Chinese sea. If the war in Ukraine ever spills, it could actually happen and it's always the hard cash that is pretty much useful when chaos starts. Everybody might just sell. 12000 however is just too much of a dip, but it sounds like Gareth Soloway p[rediction again. That guy is just keeping his exaggerated fud.

So far everyone doesn't want that to happen of course, the firepower of big nations can put us all to dust so it better be prevented.

Well, war can affect the price only if the countries that get affected by it have a high Bitcoin adoption level and people start selling their assets when they see the war is actually happening, or they might not do it so that their money stays safe from devaluation and in case they had to relocate, they can always have a back up as they will have money in Bitcoin that they can always sell later which will greatly assist them in settling somewhere else after the war.

However, these are all mere speculations and we don't know if anything like that would happen. No one in the world would want a world war happening even if they and their country don't get affected by it because it is just not a good thing, a lot of innocent people will have to suffer because of it.

[tetaeridanus]

Sadly the market now is not the market back in 15-16. The price is manipulated my cex and dexes. If there is liquidity in 12K and even under 10K. We can easily see under 10K in a Recession. Nothing is guaranteed in this market but the long run. We all believe the same thing in the long run however I expect an ice age which throws us under 10K for quite a time. No market repeats itself especially such a new market as Crypto.

However this is just my 2 cents; you never know what will happen next, we can only speculate.

With respect.

Tetaeridanus.

[Kemarit]

Bitcoin's value will not go down so much bitcoin's price fluctuations have the impact of negative news circulated. When the negative news was released many investors hurriedly sold their bitcoin it reduces the price again the positive news is revealed. Bitcoin is the largest cryptocurrency in the world by market value in the present, the price has dropped drastically, but the price of the sky can reach the price of bitcoin millions of dollars. Investors may be widely attracted to cryptocurrency due to crisis in various banking sectors producers may also be encouraged to increase storing for global supply.

And maybe it's already price-in, that's why when we heard negative news, it's not a big deal for Bitcoin right now.
Investors though are looking at the long term, specially that block halving is just around the corner.
Even if there is a negative news, the market are bouncing back because investors are buying at a rate.
The only thing that I can see that the price going down very hard like last year, is that if we have what we call a black swan event.
Like big exchanges closing it's door, but I doubt that we will see something like FTX collapse this year.
Everything has settled down a bit and just waiting for next year's halving.