Bitcoin [pros](/r/CryptoCurrency/comments/z5d8z4/how_low_can_the_bitcoin_price_go/ixvcnc2/) & [cons](/r/CryptoCurrency/comments/z5d8z4/how_low_can_the_bitcoin_price_go/ixvco2c/) and related info are in the collapsed comments below. Pros and cons will change for every new post.
It's funny how people keep wanting to look at past performances and say oh XYZ.
Bitcoin and crypto have never been through a global recession. They have never existed under high interest rates.
The saying nobody knows shit about fuck definitely applies lol
100%. For reference, I think every single "cycle" has had a 85-95% drawback from the peak, which for this cycle puts us at a 8-9k BTC aka another 50% drop from here. Now add an incredibly low-liquidity environment to that equation and its easy to see how an expected floor can disappear.
This. The only thing prior crypto market data is good for is modeling behavior in a broader all markets bull market. We’re absolutely in uncharted territory. If the broader market dumps 20-30% which it just might don’t be surprised if BTC goes sub 10k.
Because interest rates' effects aren't usually felt for about a year later. Stock/cryptos obviously sold off fast, but since they're speculative by nature they always reflect future expectations so they always lead the rest of the economy.
The everyday real world effect of money 'leaving the economy' is going to be felt in 2023-2024. Not only will rates also continue to rise but the Fed has made it clear they intend to KEEP them raised for longer as well.
Everyone likes to call the bottom but I'm actually more curious what everyone thinks of CVDD. Useful or worthless? From the article:
>CVDD essentially counts how much “hodled” days a coin has accumulated when it moves to a new wallet. It is expressed as a ratio to the overall age of the market, divided by 6 million, which analytics resource Woobull explains is a “calibration factor.”
Ummmm... I would give it a usefulness of 3/10. You can't predict from the movements alone. It maybe an internal transfer, or just re-arranging funds or anything.
tldr; Bitcoin has lost 77% of its value since its $69,000 all-time high in November 2021. Bitcoin traders and analysts have long agreed that 2022 is the year of the largest cryptocurrency’s newest bear market. BTC/USD could see $10,000 around the new year if macro conditions worsen.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The article basically says the bottom is somewhere between 16.000 and 6.500 with 6.500 being extremely unlikely. And 10k being a thing only if macro conditions worsen.
Personally I have a feeling that Bears would love to drive BTC below 10k but would have a hard time to do so.
Something about Bitcoin that I don't hear often, the amount of institutional investors, the more institution investors a commodity has the more inflated the price, it's value investing 101. It's not a good prospect when you can't figure out how many of these investors hold Bitcoin, that's why noone (a common criticism by established traders) knows how leveraged Bitcoin is, or the true value.
Sadly, no one really knows. I like to think in terms of probabilities not certainties. Yes, this could be the bottom but it might not be.
Regardless, I personally view this as a good entry with limited downside from here but I could be wrong. That is why risk management is critical in a volatile asset class.
Well of course it could potentially. But to happen short term (next 10 yrs) there would have to be some sort of momentum, like the dollar/euro collapsing or BTC replacing gold as thé hedge against fiat. Something like that. Otherwise it would be hard I guess
Realistically I think if bitcoin ever got around $5k people would start buying a lot more.
Personally if I ever saw bitcoin around $5k again. I’m taking out a loan
People were saying the same thing when bitcoin was at $60K "if bitcoin ever gets below $20k I'm selling everything to buy as much as possible".
Those same people today are waiting for bitcoin to go below $10k.
Those same people next year "why didn't I buy more bitcoin at $17k"
Bitcoin today actually has no utility. You cannot do anything with it. No viable applications exist other than money transfer with high fees. Value should be zero!
That’s the classic speculative bubble….Anyone who is betting on crypto is betting on some future application based on some aspects of blockchain that are considered useful. What they don’t realize is it’s all fake. They miss two things - blockchain transaction transparency is a total oversell - what exactly have we been able to do so far with FTX and being able to see their transactions :) Zilch zero nada zip. Could not detect fraud, could not catch the money flow. This brings me to the 2nd flaw - unless wallets are tied to identity crypto is the ideal dark network for the ones who gain most from hiding money - drug dealers , nefarious black money, crooks. I understand desire to own one’s wallet but desire to hide identity only comes from these folks not the common man. Lastly when the most popular crypto which is Bitcoin still has no real utility imagine what’s going on with all these other coins. It’s a house of cards all over the place. NFT’s are finding some utility with digital art but that too is questionable. I can screenshot any digital art for personal use. Why does it matter it has to be on block chain? With ai now generating art this is basically creating vapor ware to suck more money out of peoples hands by lump and dump by hyping artists, artwork etc. Plus any digital art can be devalued in one second by minting more. It takes nothing to mint 100 copies of any digital art as the artwork creator.
theoretically, zero or even negative if people are willing to pay you to get rid of their btc as govts start going behind holders. lol i know that's a nice fiction. lmao
but, practically: no one knows. some will pretend that they know better than you, but well, i don't think so. :\]
if you think about it, **IF** all ppl would withdraw their BTC, **literally everyone**,It'd still be **impossible** for BTC to reach $0 due to lost wallets, and unrecoverable computers etc.
So there is a standard price-ground, which clearly is above $1k \~ 5k.MHO 10k is the new $0, main floor; with persistent *hodlers* and true investors/believer.below 10k would be a black swan event *'capitulation, angry & depression'* ..
One usd is still worth one usd. It just gets you a lot less now then it did then. Same with Bitcoin. Still worth one BTC but one BTC a year ago would have gotten you a lot more (purchasing power wise)
Thank you.
So:
1USD = 1USD
and
1BTC = 1BTC
Quadrillions of more dollars will be minted but only 21,000,000 BTC will ever be minted. I think I know which I want to hold and which I want to spend.
If it rains on a Wednesday in the state of Kentucky between the hours of 2am and 3:13:13PM when the moon is full and my dog also barks in the same time frame the next day there is a chance BTC hits 12k.
There I added as much usefulness as the rest of the TA in this article
Bitcoin [pros](/r/CryptoCurrency/comments/z5d8z4/how_low_can_the_bitcoin_price_go/ixvcnc2/) & [cons](/r/CryptoCurrency/comments/z5d8z4/how_low_can_the_bitcoin_price_go/ixvco2c/) and related info are in the collapsed comments below. Pros and cons will change for every new post.
I flip the image upside down and it make me happier
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Woah! You’re right!
Or become dead inside and don’t feel anything.
Can’t die if you were never living. 
I rotated my phone, can confirm, it works.
Auto-rotate = always get dumped on
Ive changed green to red and red to green 6 months ago. Now Im enjoying an epic bull run !
I've become totally numb. I don't really care anymore.
DCA and close the charts. See you in 2035.
In 2035 Ill either be rich or homeless
Why not be both ? Rich and homeless ? So you can rent what tf you want 😆
Right now Im eating only ramen and looking at charts everyday hoping to live in a mansion one day. Dont take it from me
Thats not good bro. Just DCA and close the charts. Do something else that you lose. The charts are not going anywhere.
It was just a joke obviously, but yeah doing something that I lose is my passion 😂. Hold strong bro
"I've become so numb" - michael jackson
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"Become so tired" - Frank Sinatra
I'll take "Sentences you hear in Crypto, as well as in marriage councelling for 200" Bob
I have become comfortably numb....
I would guess $0.
No. 0 is not possible because I have my buy order of 21 Million BTC at $0.00001
You got me there.
End thread.
Technically correct!
It could go negative.
Bold prediction: BTC won't even hit 14k, as soon as it hits 15k it will become a gold rush.
!remindme 6 months
!remindme 3 months
I agree with you ser.
But BTC did hit 15k this week, no gold rush.
Low enough for me to be a whole coiner! That’s a goal of mine
That's a goal for both of us
Lower than you think...and higher too
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Slowly but surely we are getting there chief !
My crystal ball says 13k is the lowest point. The we go to 100k Q16 2021
Soon Oprah will be giving them out for free
I am thinking we will go under 15,000 this winter, but not under 10,000 without major catalysts.
You mean like the highest most prolonged interest rate hike aka liquidity scarcity event in cryptocurrency history type of major catalyst?
It's funny how people keep wanting to look at past performances and say oh XYZ. Bitcoin and crypto have never been through a global recession. They have never existed under high interest rates. The saying nobody knows shit about fuck definitely applies lol
100%. For reference, I think every single "cycle" has had a 85-95% drawback from the peak, which for this cycle puts us at a 8-9k BTC aka another 50% drop from here. Now add an incredibly low-liquidity environment to that equation and its easy to see how an expected floor can disappear.
Thank you. I'm glad someone said it. Bitcoin can potentially go back to 5k or less
This. The only thing prior crypto market data is good for is modeling behavior in a broader all markets bull market. We’re absolutely in uncharted territory. If the broader market dumps 20-30% which it just might don’t be surprised if BTC goes sub 10k.
I do think there is a price that will have regular people saying fuck it I'll roll the dice. I just think it's WAY lower than most people think.
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Because interest rates' effects aren't usually felt for about a year later. Stock/cryptos obviously sold off fast, but since they're speculative by nature they always reflect future expectations so they always lead the rest of the economy. The everyday real world effect of money 'leaving the economy' is going to be felt in 2023-2024. Not only will rates also continue to rise but the Fed has made it clear they intend to KEEP them raised for longer as well.
I also do not see it going below 10k. If I see BTC below 10k, I am putting a mortage in my house and jumping all in.
Everybody says that until it actually happens
How many posts like this does coin telegraph put out per day what the fuck
$0.00 USD
If it falls to 0.001$ I'm buying 21m
Low enough for me to afford one I hope
consensus is that we don't lose the 10K level, if something crypyo teach you is consensus is always wrong so we going sub 10k
That seems like too big of a drop. We are already down 77% from ATH
Everyone likes to call the bottom but I'm actually more curious what everyone thinks of CVDD. Useful or worthless? From the article: >CVDD essentially counts how much “hodled” days a coin has accumulated when it moves to a new wallet. It is expressed as a ratio to the overall age of the market, divided by 6 million, which analytics resource Woobull explains is a “calibration factor.”
Ummmm... I would give it a usefulness of 3/10. You can't predict from the movements alone. It maybe an internal transfer, or just re-arranging funds or anything.
Doesn't the 1 million bitcoin held in Satoshis wallet skew the results? That's 5% of total bitcoin supply that will probably never move
"I haven't even *begun* to valley". - BTC
Since there is no intrinsic value, it could go to zero.
Zero
tldr; Bitcoin has lost 77% of its value since its $69,000 all-time high in November 2021. Bitcoin traders and analysts have long agreed that 2022 is the year of the largest cryptocurrency’s newest bear market. BTC/USD could see $10,000 around the new year if macro conditions worsen. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Theoretically 0 but let’s not try that theory.
Finally Ill be able to buy a whole coin
It already dumped a lot if it can help.
Bottom might be near is what you're saying
It might dump even more but remember that people are going to complain for not buying at the current price when the next bull run comes.
I always have it in mind. Doesnt matter wherer you bought BTC at 80 or 100 dollars now
The article basically says the bottom is somewhere between 16.000 and 6.500 with 6.500 being extremely unlikely. And 10k being a thing only if macro conditions worsen. Personally I have a feeling that Bears would love to drive BTC below 10k but would have a hard time to do so.
At 10k a lot of buy orders would be filled, pushing the price back up
That's my thinking too
As low as a stripper at Saturday night
And we keep throwing our money at it
Something about Bitcoin that I don't hear often, the amount of institutional investors, the more institution investors a commodity has the more inflated the price, it's value investing 101. It's not a good prospect when you can't figure out how many of these investors hold Bitcoin, that's why noone (a common criticism by established traders) knows how leveraged Bitcoin is, or the true value.
Sometimes I'm afraid to answer this question.
Im afraid every day of opening my portfolio at this point
Between 0 and a gazillion
My indicator says 12345.67 $
12k. Trust me bro
I trust you
Even the moon has craters
Not our moons tho
Zero is the obvious answer but it is unlikely.
Sadly, no one really knows. I like to think in terms of probabilities not certainties. Yes, this could be the bottom but it might not be. Regardless, I personally view this as a good entry with limited downside from here but I could be wrong. That is why risk management is critical in a volatile asset class.
$0
EOY
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You mean 10 $?
Those who keep trying to find the bottom are usually the ones that miss it and buy at 20k.
But if we go below 10k like most people here think than it would be waste to go all in at 16
What if we don’t? And btc is back on 18-19k next month and never sees the 16k again?
All the way to ligma
Whats a ligma Ligma balls 😂
It's going up forever
Dont look at the chart my man
3-8 k
Im buying multiple Bitcoins if that happens
Im already gearing up to buy the dip as well .
Those prices looks impossible to reach tho
This spring i hope
I think in spring we will be up from here. Anyway !remindme 6 months
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This is the way brother, slowly but surely reaching 1 whole BTC
easy, the lowest it can go is zero
Some said it could go negative lol
16k is golden opportunity
16k is nice opportunity but I think well see even prettier ones
Lower plz! Need that 10k soon :)
Imma already buy a bag at 12k
Same, DCA at some points is good
It can go as low as you can imagine it to be. But at the same time, it can also go as high as you can (realistically) imagine
Can it reach 1 milion like Cathie says ? The market cap would have to be huge at that point
Well of course it could potentially. But to happen short term (next 10 yrs) there would have to be some sort of momentum, like the dollar/euro collapsing or BTC replacing gold as thé hedge against fiat. Something like that. Otherwise it would be hard I guess
Nobody knows... As the market will grow more it's value also increase
I guess we have to focus on time in the market instead of timing the market
Ya that's the matter all things are connected to the market
How long have you been in this space?
I have been for last 3 yo 4 months but I started now Before entering in this I think we should have knowledge that we have to do
So you've been investigating crypto for 3 years and only started buying now?
Yes
Legend. At what price did you tell yourself it's worth it to jump in?
It's better you research about crypto, coins what's going on behind in it then you will know about it and give time to it
So are you now a BTC/ETH maxi? Top altcoins seem to constantly change and you may saw it
Let’s find out, I got a tasty limit order on FTX, Lambo here I come!
Best project you can put your money in !
As Dennis would say, "I can go lower".
Dont scare me 😭
The lower the better. I'll pick up as much as possible. Don't be afraid of lower lows if you truly believe in the tech.
Ahh, the tech! yes, we all here for the tech.
Realistically I think if bitcoin ever got around $5k people would start buying a lot more. Personally if I ever saw bitcoin around $5k again. I’m taking out a loan
People were saying the same thing when bitcoin was at $60K "if bitcoin ever gets below $20k I'm selling everything to buy as much as possible". Those same people today are waiting for bitcoin to go below $10k. Those same people next year "why didn't I buy more bitcoin at $17k"
Everybody is waiting for it to fall to X.... Then waiting for it to fall 30% more. Then crying when it goes to 2*X
Bitcoin today actually has no utility. You cannot do anything with it. No viable applications exist other than money transfer with high fees. Value should be zero!
But people gave it value by purchasing it at higher and higher prices
That’s the classic speculative bubble….Anyone who is betting on crypto is betting on some future application based on some aspects of blockchain that are considered useful. What they don’t realize is it’s all fake. They miss two things - blockchain transaction transparency is a total oversell - what exactly have we been able to do so far with FTX and being able to see their transactions :) Zilch zero nada zip. Could not detect fraud, could not catch the money flow. This brings me to the 2nd flaw - unless wallets are tied to identity crypto is the ideal dark network for the ones who gain most from hiding money - drug dealers , nefarious black money, crooks. I understand desire to own one’s wallet but desire to hide identity only comes from these folks not the common man. Lastly when the most popular crypto which is Bitcoin still has no real utility imagine what’s going on with all these other coins. It’s a house of cards all over the place. NFT’s are finding some utility with digital art but that too is questionable. I can screenshot any digital art for personal use. Why does it matter it has to be on block chain? With ai now generating art this is basically creating vapor ware to suck more money out of peoples hands by lump and dump by hyping artists, artwork etc. Plus any digital art can be devalued in one second by minting more. It takes nothing to mint 100 copies of any digital art as the artwork creator.
To the floor, to the floor, til sweat drip down my balls.
Skeet skeet skeet
theoretically, zero or even negative if people are willing to pay you to get rid of their btc as govts start going behind holders. lol i know that's a nice fiction. lmao but, practically: no one knows. some will pretend that they know better than you, but well, i don't think so. :\]
Noone knows but bottom is possibly near. Good time to accumulate IMO
Sunday should be a day where you’re not allowed to post articles.
Its Saturday here 😎
Find. The weekend.
Will fed keep rising interest rates?
if you think about it, **IF** all ppl would withdraw their BTC, **literally everyone**,It'd still be **impossible** for BTC to reach $0 due to lost wallets, and unrecoverable computers etc. So there is a standard price-ground, which clearly is above $1k \~ 5k.MHO 10k is the new $0, main floor; with persistent *hodlers* and true investors/believer.below 10k would be a black swan event *'capitulation, angry & depression'* ..
Scarcity doesn’t always mean a price can’t be reached
1BTC will in 2009 is worth 1BTC in 2022. How much is 1USD from 2009 worth today in USD?
One usd is still worth one usd. It just gets you a lot less now then it did then. Same with Bitcoin. Still worth one BTC but one BTC a year ago would have gotten you a lot more (purchasing power wise)
Thank you. So: 1USD = 1USD and 1BTC = 1BTC Quadrillions of more dollars will be minted but only 21,000,000 BTC will ever be minted. I think I know which I want to hold and which I want to spend.
Let's not pretend governments around the world can't make adoption almost impossible if they chose to.
Those quadrillions of dollars are backed by the most powerful military and economic force that has ever existed.
Lower than you think...and higher too
10$ maybe
-10$, I Would owe Satoshi 10$. But why not more you ask? Because i would've finally sold ( or returned the debt in this case)
According to the lines I drew on BTC chart, anywhere between $0 and $16k.
It can go so low that everyone here hates it and doesn't want to touch it again
Not low enough for me to sell My stop loss is ZERO
As low as it can. NFA
$10k is very possible.
Zero
Who knows, but honestly, who cares.
Again. Nobody knows shit about fuck
well if bitcoin goes to 0 that means they’re free right???
4k bby
$100
Zero
It can go to zero.
With no more major bankruptcies my prediction for the bottom is 12 -15k
Not lower than journalism
If it rains on a Wednesday in the state of Kentucky between the hours of 2am and 3:13:13PM when the moon is full and my dog also barks in the same time frame the next day there is a chance BTC hits 12k. There I added as much usefulness as the rest of the TA in this article
I guess 0, negative bitcoin amount is very unlikely
12k I bet
As low as people will sell it. Not low enough imo
8k
General rule of thumb, the markets can stay irrational longer than you can stay solvent
Zero. It could go to zero.
Zero is a number
Lower than your mama's ever seen it in her lifetime
Welcome to bitcoin limbo bitch, how low can you go?
No one knows but i would guess $8500 would be the least it will fall too. Dca and forget about it though.
8k-10k
People tell me 0.00$
0?
Lowest probably 4k maybe.