Sorry everyone, Bitcoin is headed down to $43,500: Michael Terpin

[Shinpako09]

Sometimes I can't stop thinking if these kinds of people are still speculating, or they are just doing this for their own self interest. Imagine if people panic and the market reacts the way he says it, they are the ones that will benefit from it. And they will keep on releasing speculation to control the situation.

There have been a few times already when btc dropped below $60k but still didn't touch $55k. If $80k to $90k is tough to reach right now, then so is going below $50k. But who knows, we are still in a bear market, as long as the bull isn't back yet, well, his speculation still has a chance.

[STT]

I fail to see the certainty or exact reasoning.   He might be sure but its not something I can go on easily for much conviction.  The price action itself for BTC is uncertain and lacking conviction in either direction.   That is why I keep doubting the bearish calls, BTC is not that negative in its gradient especially; not right now.

  If we had a great trend a clear path either up or down it'd add confidence to someone trading the price even if they are shorting that'd be some certainty for those who are negative.  Instead we're going back and forth, in circles for this period of time and hence patience is really whats needed for the moment.

[Pi-network314159]

What do you think about his prediction? I still think bitcoin is not going below $50000.

In as much as Bitcoin is concerned, anything is possible. If Bitcoin previous ATH would hit $69k and fall to $15k which is roughly about %77 decline and we saw it hit another ATH at $126k and now the last bottom was $57k or so, it implies that the percentage dip is almost thesame as the previous bottom. So it is possible to see below $50k. But our hope is that it doesn't get bad as that, because if it's happens it will take much longer to recover because there is no factor like news or rumors that will increase adoption like that of Donald trump in the last election that help Bitcoin hit the last ATH.

[jcojci]

I can say ayeee, I am ready wherever the price go. Many people hopes Bitcoin will not lower than $60k but they should be ready if the price really down below. We don't know for sure with if we are ready, we will not panic but we will see the opportunity to buy at low. I don't pay much attention to that prediction especially from influencers but it is better we analyze what we can so we can find our time to buy.

If you don't want to worry, you don't have to check the price daily and only focus with your accumulation and let the price moves to anywhere while you are prepare for the next.

[CryptoBuds]

What do you think about his prediction? I still think bitcoin is not going below $50000.

In as much as Bitcoin is concerned, anything is possible. If Bitcoin previous ATH would hit $69k and fall to $15k which is roughly about %77 decline and we saw it hit another ATH at $126k and now the last bottom was $57k or so, it implies that the percentage dip is almost thesame as the previous bottom. So it is possible to see below $50k. But our hope is that it doesn't get bad as that, because if it's happens it will take much longer to recover because there is no factor like news or rumors that will increase adoption like that of Donald trump in the last election that help Bitcoin hit the last ATH.

I also think Bitcoin will not fall below $50k. However, if it does happen, I don't think it would be anything to be scared of or considered a disaster. That could even be a bigger opportunity, because if we are willing to buy at that price, we could have a chance to make even bigger profit when the market turns bullish again.

Bitcoin has gone through much deeper crashes in the past, yet it has always recovered and reached new ATH. So I don't see any reason to think this time will be different. I do not know how long it would take Bitcoin to recover if it dropped below $50k, but I believe it will eventually reach new ATH, with or without Trump.