How low could Bitcoin go in a bear market?

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forkoneNewbie
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#1Feb 24, 2017, 03:02 PM
I've been noticing a lot of positivity from Bitcoin fans around here, and everyone seems eager to cash in before this bull run wraps up. Once it does, we’ll probably all be trying to stock up on our bags again. So here's what I'm curious about: what do you think the lowest point for Bitcoin might hit during this bear period? Let's hear your thoughts, so we don’t end up piling in at the peak and kicking ourselves later. What price should we be eyeing for DCAing as we gear up for the next halving bull run?
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#2Feb 24, 2017, 06:40 PM
We do not know the all-time high yet. It would be too early to make conclusion. What people are still talking about is how bitcoin will be in 2025. People are predicting that bitcoin will get to all-time high. Bitcoin will increase above $108000 and get to all-time high. You can ask this same question if the bear market is showing sign of starting. With the price of bitcoin right now, bitcoin may not fall below $30000 anymore.
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whalex59Full Member
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#3Feb 24, 2017, 10:30 PM
If Bitcoin price cross at least $150K in this year, I think you can start DCA-ing Bitcoin when the price goes below $100K, so you can create buy order at $100K with 5% of your money, $95K, $90K and so on. Make sure you shouldn't go all in when you DCA-ing Bitcoin since we never know how much the lowest would be.
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#4Feb 25, 2017, 01:14 AM
There is no perimeter to determine the highest price or lowest price that Bitcoin will attained, all the predictions and assumptions we are making is base on the present speculation considering the bull run and speculations of investors, institutions and government indicating interest to make more investment on Bitcoin and because of this everybody is optimistic that the price will still rise beyond what we are seeing now. I think the $100000 bullish is still a good price to start DCAing as the price is expected to appreciate in the near future.
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hawk_novaNewbie
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#5Feb 25, 2017, 02:10 AM
I don't have an exact figure guess but I'd assume range wouldn't be as low as before since I think bitcoin is slowly becoming less volatile 🤔 As for DCA-ing. I'd say anytime lol. People DCA because they don't wanna bother with analyzing charts and all that. And instead, focus on consistent accumulation over time. I'd say only DCA if you believe in BTC in the long run-- pretty much why I wouldn't feel bad in case I start DCAing from the top because in the long run, profit will be so much more.
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the_hashMember
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#6Feb 25, 2017, 07:29 AM
10% chance of falling below 10 000 USD, 1% chance of falling below 1000 USD (during 2025)
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#7Feb 25, 2017, 12:36 PM
Yeah, we can't know an exact price and that's fine, we do not have to know an exact price neither, we could just focus on what we could predict as momentum. If we see it going down, then we know that we are in a bear run, but not every fall is a bear run, sometimes we go down just a bit and everyone thinks it's the start of bitcoin bear run, that's not how it works and sometimes we end up with a much worse situation when it's bear run, but much better and only a small fall when it's correction. So we need to be careful about that, if we can be careful about that, then we could do a lot better. I personally do not sell anything, but I have seen a lot of friends who sell when it's down 30%+ , and they do alright, because they sell when it's 30%+ down from the peak, and buy back when it's 60%+ down from the peak and they do a lot better, and usually when it goes down 30%+, that means we are in a bear run and it will go down 60%+ as well so it's a good idea.
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#8Feb 25, 2017, 06:23 PM
What I can advise you for your peace of mind, is never expect Bitcoin to go in any direction, what that means is do not believe so much that the bull run will continue or that Bitcoin will dip down to buy at a cheaper price, always take profits once you are ok with the accumulated profits don't get too greedy to the point of missing out, many already missed out the first opportunity to sell at $107k+ when the last all-time price was reached by Bitcoin thinking the Bitcoin will continue to rise to 120k, they already missed out on that, so just take what you can get and move on if you are a short term investors.
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ravenxNewbie
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#9Feb 26, 2017, 12:04 AM
People keep waiting for a “perfect” entry point, but nobody knows if that “perfect” point is $30k, $60k, or $90k. Bitcoin doesn’t care about your guesswork. It moves when it wants, spurred on by institutional moves, global adoption, and even random tweets sometimes. If you start a DCA strategy, you remove the guessing game. You put in fixed sums, rain or shine, and focus on the fundamentals: a finite supply, the halving cycles, and the worldwide hunger for a new kind of asset In 2017, I spoke with a friend who was convinced $10k was the permanent top. Then it soared. In 2018, that same friend predicted a crash to zero. That never happened. So don’t rely on anyone’s magic price target. Watch the trends, observe the halving cycle, set your investment intervals, and let time do the heavy lifting. Bitcoin’s volatility can be brutal. Bitcoin’s volatility can be thrilling. The main point is you believe in the technology and the long-term outlook, you keep going. DCA, stash that Bitcoin, and give yourself a shot at reaping the benefits in the next bull cycle
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cryptohubNewbie
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#10Feb 26, 2017, 06:10 AM
DCAing involves continues buying of Bitcoin without considering the price at any particular time. If you keep waiting for the lowest price you might miss the chance to buy at a good price. I don't have to wait till the lowest price I just keep buying based on my DCA strategy. However, to answer your question, I don't think Bitcoin will get to the lowest price of the last bull run. As much as I know that the price of Bitcoin will keep increasing in the future, buying it now is a chance to make a gain.
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mr_pixelMember
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#11Feb 26, 2017, 07:38 AM
We may not even be able to predict where our highs will be before the bull ends because as of now I still believe that the bull will continue to run in 2025 so this will just be a correction before bitcoin finally starts its rally again this year. So in the end we can never know where the highest price and lowest price will be as a possibility that will happen because after all we will not be able to predict it for sure even though speculation will still be a lot of people trying to give a certain amount. But in the end this becomes a situation where if indeed we still want to be in bitcoin then as much as possible we are not bothered by things like this and still hold what we have (our portfolio assets) and if it is possible as long as we can then why not take advantage of the current momentum for purchases because after all this is still an advantage for the long term if we buy from now on. Although in the end there may be a decline again but it will not be a problem because we also realize that the purchase can still be done as long as we are still ready with all the risks that we will face.
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#12Feb 26, 2017, 01:45 PM
If you are to DCA in rebuying what you have sold out, then there is no point in worrying about how high you buy and how low other buys are too; all that matters is you setting the target you want to reach and making sure that they are reached before the next bull run.   There is no perfect strategy aside from some people setting a particular buying point; that's to say, when Bitcoin drops, let's say, below $90k, they will buy; if it drops below that again, they will buy another set until the market starts facing upward before they will start waiting for the next time to take profit.
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#13Feb 26, 2017, 06:25 PM
How are you gonna support your prediction or even a technical analysis?. As of now, the price of bitcoin stays at 90k even after new year. There's a chance that it may decrease to 80k but it may be lower than that when bear market hits. People who wants to buy back bitcoin after selling their funds for profit during the bullrun is that doing DCA should be what they aim to do which I would also do when I have money to do so.
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orbitone249Legendary
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#14Feb 26, 2017, 10:28 PM
You are confused about DCA, when using DCA you buy your assets of choice regardless of the price and the direction the market is going, then for someone like that, it is irrelevant where the top or the bottom is or even when this may happen, now this may seem irrelevant as at the end you can do whatever you want, but if you are mistaken about such simple concepts, then it is more likely for you to make mistakes and lose your money this way.
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#15Feb 27, 2017, 01:59 PM
Lol, the crypto market is generally unpredictable, including the price of bitcoin, right now, we can't even tell if that bull run is over or not, but many of us are still very optimistic believing and hoping that the price will rise again once Trump is sweared into office and he begins to see to the implementation of his promises as it concerns bitcoin. So, assuming we slip into another bear season, there is no way to tell where the bottom will be, or what the bottom price of bitcoin will be rather, so, any serious investor must still make use of dca, that is, buying from the supposed top all the way down. Whoever mentioned a price they think will be the bottom price of bitcoin during a bear season is only guessing.
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deltazMember
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#16Feb 28, 2017, 12:46 AM
IMO if it breaks 80K, it won't bounce back soon, so the bull run will end right after. And it can go down back to 50-60k range after that sadly. It's never the end with Bitcoin and cryptos, everything can happen unfortunately, so you must always stay cautious and never invest funds you can't afford to lose . This period of time is critical IMO because BTC doesn't seem to be able to break 100k frankly unfortunately so bulls will end up exhausted at some point.
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noncehqNewbie
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#17Feb 28, 2017, 05:30 AM
Though I would agree with people saying that we are yet to see the real all time high of bitcoin at the moment since there are still alot of developments on the pipeline that could trigger the continuous rise in the price of bitcoin, but speculations on what price bitcoin will fall down to in the coming bear season (if actually such a season is even close) is one that is very unpredictable. No one knows when the bear season will come again, no one can even tell if we are in a bear season right now, or whether we are still in a bull market for sure, but personally, I believe we are still in the bull season, but discussing bear season right now is something I consider too early, and worst of all is beginning now to speculate how much bitcoin price Will drop to, it's unimaginable, and absolutely unpredictable as far as I know, any one saying otherwise likely does understand this market.
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#18Feb 28, 2017, 08:43 AM
It really does not matter except to those who have shaky hands. But a good buying opportunity would  be, in my own subjective view, somewhere in the 60k range (if we ever go to 60K). However it is way too soon to tell, since this bull run does not seem to be over. We could go to 120k and see a bear drop back to 80-90K.
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noncehqNewbie
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#19Feb 28, 2017, 09:29 AM
Well, you may be right that the price of bitcoin often pulls back 30 to 50 percent from its all time high during a bear season, but this is for previously circles I believe, and I think it's important that we all understand that alot of things have changed so far with bitcoin and perhaps; the entire crypto Ecosystem. Previous circles is no longer the same as this current circle, in previous circles, there weren't any or alot of government support for bitcoin, there were no ETFs, there were no regulatory clarity and so on, but today, we have alot of this developments, we have even the support and backing the president of the US. If we put all of this into consideration, it's easy to assume that the price of bitcoin won't drop as much in the coming bear season, as it used to drop in the previous bear seasons.
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mr_novaMember
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#20Feb 28, 2017, 12:25 PM
Well I do not think we are going to see something like this a price plunge. I do think this year is going to be very 'bullish' for Bitcoin. And I do think it is still now a good time to buy coins for cheap before the next 'bull run'. If we are going to always think of the Bitcoin price it is not good. Because then we might want to panic sell our coins but there is not a reason to sell them. I do not think we will see a 'bear season' but we will see big gains.
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