Bitcoin - at what price it will crash to ?
 

Bitcoin

just face it, sooner or later its going to crash., i mean, its been like that.

so my question is , what price/value do you think it will crash to this time?

my bet 15k-18k

thanks for your time.


edit: i know it will grow in long run, but just want to see current low.

Course if will go up and down for short periods, but it won't crash if nothing extraordinary happens (e.g. a death penalty law for Bitcoin exchange). It will grow in a long term.

P.S. It's almost 33K so far, which is... already 1/3 of $100 USD ;)

I would pay a lot of $$$ to see BTC drop to $15-18k again.

Hyperbitcoinization, parabolic, happening before our eyes, the top is unlimited since the fiat pair it's against is infinite.

I think it will reach almost $40k before sliding back under $20k

Bitcoin has been consolidating, going sideways, for 3 years and we've finally broken out of it, it is reasonable to assume we are now in a bull market. Bitcoin typically has 30-40% drops to the weekly 21 exponential moving average before bouncing and making new highs during a bull run.

A 30-40% drop from here would be slightly above $20k although the weekly 21 EMA is quite a bit lower at this time but rising quickly. Depending on where the weekly 21 ema is, 15-18k is unlikely, I would think, as that would most likely lead to us closing below the weekly 21 ema signaling an end to the bull run which is unlikely so early after 3 years of sideways.

I think everyone wants a dip so ... unlikely to get it,

It's going to keep crashing higher, up to $100k. That's where you'll find a bit of resistance imho

Yawn. 8char

Why does it matter? Do you hold?

Nobody knows where it will go. Everyone is in profit right now so going higher is the bet my friend tells me.

yes, i hold and planning to buy more.,

and past trends shows it will go down again.

I read that only 22% of BTC is in play, the rest held by big funds and large money. That benefits the small hodlers. There will, no doubt, be hills and vally, the volatility is what keeps BTC attractive. You do not see gold behaving that way. In general though, it is expected that a finite quantity of BTC is unlike gold or diamonds where there is no known limit. So it's not particularly hard to figure out that Bitcoin is here to stay and only going to get more valuable. Some of us have been saying to buy and hodl for years now. It's not too late because we believe it will go stratospheric. But it's okay if you don't because it doesn't matter to the rest of us. I remember, and there is probably a thread here, where I was berated for buying at $600. Who has the last laugh now?

Just cuz I don't have it does not mean it's going to crash

I don't know when its going to crush but its a bit freaky to watch it grow. I mean pretty soon every one is going to be bitcoin millionaire.

Very true, and when I think about it, something is definitely wrong here.

If it was so easy to become a millionaire, everyone will stop working and just sell everything and buy bitcoin. Something just doesn't make sense.

Central banks printing as much as they are , we sure are heading that direction, that's why you need to store value in other assets, not cash.

Assets aren't necessarily going up, as big as USD/fiat is losing value. Check purchasing power of USD and you'll realize what's happening.

Those protecting themselves gain wealth. Those who don't get fckedddddd hard.

Bitcoin is a protection against fiat debasement.

at 100k it will crash

If it was fiat losing it's value then gold would be going up analogically to BTC

Gold is up, slow & steady, but also gold demand may be disrupted by Bitcoin. The word is spreading fast about "digital gold" & "digital scarcity", something that is more reliable than gold, and this begins the gold vs. Bitcoin argument :winkwink:

^^^^

This is why gold hasn't gone vertical imo. The money that would normally be flooding into gold right now is instead going into bitcoin.

Gold will still skyrocket this year, but not as fast or as far as bitcoin (this is my revised thinking. Keep in mind that many months ago I predicted that both assets would climb, but I was allocating 75% gold and 25% bitcoin. I've revised my thinking based on new information and now prefer BTC to gold).

it will go down after hitting a peak but who knows if we have hit that peak yet.

Either way overnight people have just become millionaires

Where do you buy gold?

Thats a thing, where is the peak ? Lets say you have 1 million right now and its a nice chunk of cash you can put in low risk funds and make good living. But if it doubles in 6 month, you will feel like shit knowing that you lost another million. Especially if you bought your bitcoins when they were below 5K. Its almost like you better off not having any, that way you don't have to worry about selling it too early or missing the crash and not selling at all.

If you want to buy physical gold check "bullion" + your city, google it, should have local shops that sell oz/kgs of physical gold

Get delivery from places like jmbullion, goldsilver.com

Or you can buy gold online, (for buy/sell/hold, and eventually get physical if you want) at sites like OneGold.com

0 risk leads to 0 reward.

If you trust central bank inflating fiat, then anything will appreciate against the fiat, if the asset survives, should appreciate. (obviously not talking failed tech, failed cryptos (altcoins), or failed company stocks)

35 k also possible !

And if it never goes down again?

I think this year will go to $50k easy

See, easy opportunity last night. Dove from 34K to 27K then began its climb back. Easy way to make few hundred K.

it shouldn't be all or nothing. You shouldnt be 100% in bitcoin or 100% in stocks, both of those scenarios are stupid. How you weight your portfolio is going to depend on your age, risk appetite, income outside of investments etc I would say if you took some profits, selling a small portion of your bitcoin here you can't go wrong.

its happening.

:1orglaugh:1orglaugh

It went almost straight up to $65k after you posted this thread, ofc a correction would come, any graph could prove it'd happen.

thats true.

How to carefully say "I am an idiot" without actually saying, "I am an idiot" - the post

If it was a few years ago your brainlet self would've just been shouting bitcoin is a scam, etc, etc. In fact you probably were doing just that.

going up

BTC $18k is where there USDT insolvency point is. My bet is that is where it gets the most support.

Sounds incredibly low in hindsight. Earlier in the thread I predicted sub $20k but I oly expected Bitcoin to hit $45k so that was unexpected.
When you look at the drop from those dizzy heights it's scary af.

That said. Now (or soon is the time to buy). Think you might have to wait a while but the next stop is $200k+

It went to $30k today but it's going up again.

Still will go down no matter what. Wondering how long it will take to liquidate large amount of BTC funds lol . Everyone is still selling for past 2 weeks.

It goes up because the whales don't want it to collapse to nothing before they've dumped everything, slowing down enough for the "best time to buy" and "cheap coins" patsies to blow more of their life savings pushing the price up, so they can dump into it again.

In the last ten years Bitcoin has gone from $1 to $29 to $2 to $1200 to $111 to $19k to $3k to $63k. That's all it does, up and down. Some people can't accept the down part though.

$29 > $2 = 93% drop.
$1200 > $111 = 90% drop.
$19k > $3k = 84% drop.

An 80% drop this time, from the ATH of $63k, means a $12k low point, probably settling around $15-$19k for the next few years (a mere 70-75% drop).

So anyone who recently bought bitcoin and HODLd, while the people shouting "HODL!" were bailing out, well, like the bag holders every other time this always happens, have to either cut their losses before it reverts to late 2020 levels, or hope in 2024 the government still hasn't regulated crypto and things go nuts again.

If you do the latter, I'd suggest converting the bitcoin you have into something like XRP, which has a potential future, practical use case, none of the world killing issues that even oligarchs pretend to care about these days, and is priced low enough to multiply nicely.

And those telling other people this worst time to buy is the best time to buy: how much have you bought?

We always hear the same old same old when BTC goes down. It's repetitive, tiresome and predictable.
Then it goes back up and we hear the whining about a missed opportunity. You know if most of you knew anything about Bitcoin but what you read about at CNN or Fox, you might understand just how sophisticated it has become, but you keep parroting crap from 5 years ago. Get yourself some goddamn knowledge about it or shut the fuck up. There's a shitpot of coins out there, but is there a Bitcoin killer? Not hardly.

Musk was jealous when Zuck say Bitcoin is my goat, so he try kill Bitcoin. All the investors goes down.

So true, the FUDsters stick to the same topics, China, energy, speed, fee

FUDsters are incentivized financially (thru shorts or nocoining) to staying ignorant about Bitcoin & green energy, China's irrelevancy, speed/fee is instant/free with LightningNetwork etc etc

So yeah, those of us who read through their bullshits are rewarded in the long term :thumbsup

blockchain.com/btc/unconfirmed-transactions

Why are all these people paying between $5-$12 in transaction fees instead of just using the free and instant Lightning Network?

They probably either don't know or lazy :2 cents:

edit: remember, Bitcoin is decentralized, there's no marketing team who're paid to market it or spread adoption, unlike centralized cryptos like your Ripple/Xrp

Sounds like an irresponsible advice to give. Ppl in crypto generally seek some sort of decentralized asset, unlike XRP/Ripple which is like Paypal, maybe even more centralized. Hope you don't convince too many of your shits :disgust

Of course, everyone is lazy or clueless except you. What you mean is you don't know.

LOL The reason I and everyone else heard about bitcoin a decade ago is because people were financially incentivized to promote it, as that's how the price went up and they could cash out at more than they bought in at.

That's how bitcoin and every other coin has worked ever since. Except these days you need a Twitter or TikTok with millions of followers instead of just spamming forums.

Everyone already knows this, including you, so I don't know who you are trying to kid here, except yourself.

This from an investment genius who urged people "now is the time to buy", while believing it will "probably go down".

Paypal has been one of the most popular payment systems for 20 years, even with all its problems. That alone should be a clue how much people care about decentralization.

Another clue is that most decentralized cryptocurrencies, hundreds or thousands of them, are not used by anyone at all. Zero.

Another clue is that XRP has been in the Coinmarketcap top 10 since 2014.

I avoid them like a plague.

A year ago some Bitcoin whale moved $1.1 billion of BTC from one address to another for $83 bucks. I guess he must have some knowledge yes?

The rest of your bullshit is just that, bullshit. Get yourself some knowledge before you embarrass yourself here again.

He might have moved 1.1 billion for 83 bucks but a few months ago I wanted to send the equiv of 15 cents of BTC. Cost- $5+

Tell me about lightning again.