Crazy Times for BTC: What's Next?

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pixel777Member
Posts: 39 · Reputation: 44
#1Feb 5, 2019, 12:50 AM
What's the bottom for BTC before we see a bounce? Like, where do you all think we might end up?
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gmfrensMember
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#2Feb 5, 2019, 03:32 PM
$24k sounds nice... I mean, I love gold, right?
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Posts: 182 · Reputation: 12
#3Feb 5, 2019, 06:49 PM
Wow, someone is really bearish here. $24k? Nah, inflation's too real for that. I'd double it to $48k myself.
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block100Newbie
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#4Feb 5, 2019, 08:28 PM
Based on past bear market patterns, I’m thinking around $55k. But hey, it’s all just speculation.
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chris1337Full Member
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#5Feb 5, 2019, 10:05 PM
Used to think $50k was the floor, but with how fast it’s dropping today, I wouldn’t be surprised if it went below that. $20k is a stretch though. I say maybe $45k, but as long as it’s not stuck there, we’ll be okay.
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SilentOrbitSenior Member
Posts: 97 · Reputation: 1264
#6Feb 6, 2019, 02:00 AM
Why would anyone be shocked? You really thought BTC would just keep climbing? There’s no solid ecosystem backing it; it’s all speculation. It’s been unstable forever.
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mr_bearNewbie
Posts: 156 · Reputation: 11
#7Feb 6, 2019, 06:45 AM
What if we see $19k again, like in 2018? Haha. Honestly, just DCA at this point and don’t stress too much about timing. With liquidity drying up, anything’s possible.
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fullnodeSenior Member
Posts: 434 · Reputation: 1205
#8Feb 6, 2019, 10:30 AM
$24k is way too low. That's close to the last low of $16k before it shot up to $120k. The buy wall won’t let it drop that far. I’d say worst case is $50k or maybe $40k.
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0xHawkMember
Posts: 175 · Reputation: 132
#9Feb 6, 2019, 02:25 PM
Bitcoin is maturing and its volatility is lessening. Last bear market saw a drop from $69k to $16k, a 76% decrease. I doubt it’ll fall more than 70% this time, so we might see a bottom around $40-50k.
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SwiftWhaleSenior Member
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#10Feb 7, 2019, 10:19 PM
Given the current market, it seems like we could see more drops soon. Market hit $60k but now it’s looking shaky. If things stabilize, we might hit $70k. But who knows, could also settle around $35-45k.
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maxoracleMember
Posts: 352 · Reputation: 74
#11Feb 8, 2019, 01:30 AM
Bounce already? Maybe we hit $69k to liquidate positions before another drop. Market’s unpredictable, so it could go either way. If tensions rise, we’re in for a rough ride.
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serHero Member
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#12Feb 8, 2019, 05:56 AM
I see history repeating itself. BTC will keep falling, regardless of outside factors. It’s too early to say where the bottom is, but bear markets usually last until year-end.
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Posts: 111 · Reputation: 63
#13Feb 8, 2019, 11:37 AM
Been avoiding BTC updates, thought it’d rebound. Seeing it drop continues to hurt. At $64k now, I wonder if there’s a miracle coming. What’s stopping it from hitting $50k? Feels painful.
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AtomicForkFull Member
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#14Feb 8, 2019, 05:25 PM
Yeah, this drop is disappointing. But what’s worse is if it drops significantly without hitting previous cycle highs. If we touch $40k or lower, that’d really be shocking.
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maxoracleMember
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#15Feb 8, 2019, 11:42 PM
Hoping the bottom’s higher this time. No major events driving a massive sell-off, and I think people are holding long-term. I’m holding Bitcoin for the long haul, thinking $43k is a solid floor.
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serHero Member
Posts: 580 · Reputation: 2321
#16Feb 9, 2019, 02:23 AM
True, Bitcoin’s maturing but it’s still down almost 50% from its peak. If it hits $43k, that’s a significant drop. We're not even close to doubling from the last peak.
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0xOrbitMember
Posts: 132 · Reputation: 91
#17Feb 10, 2019, 06:56 PM
Looking at last week's price movements, I’m done checking BTC updates unless something major happens. This decline has been real, and it’s disheartening to see it drop nearly 50%.
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#18Feb 11, 2019, 12:38 AM
Have you ever been through a bear market? They happen. It’s part of the cycle. Don’t just avoid it; plan for it. A bear market can be an opportunity.
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maxorbitMember
Posts: 177 · Reputation: 162
#19Feb 11, 2019, 04:08 AM
When BTC dumps like this, speculation runs wild. $20k is exaggerated; it’d take a massive event for that to happen. I thought it wouldn’t drop below $50k, and here we are.
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nickhashMember
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#20Feb 11, 2019, 06:15 PM
I was looking at $60k because it hit that mark and bounced to $65k. Now it’s at $69k. Is this a bear market already? I thought we’d see a little bull run before it hit.
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