Honestly, I actually want Bitcoin to go below $60,000, especially with how the market's looking right now.
How about you? Do you want to see Bitcoin drop below that mark?
Is anyone hoping Bitcoin drops under $60k?
19 replies 173 views
cipher_lynxSenior Member
Posts: 141 · Reputation: 918
#2Jun 18, 2022, 07:28 PM
Is it what we want? The price is still at around $67k earlier today. Last I checked the market, and I'm more hopeful about it crossing to $70k than seeing the possibility of it dropping below $60k. Not like it's not possible, but that might not come to pass this month unless you are hoping to see it at that price not anytime soon but in the near future.
Just make sure to buy when it falls at that price.
Because many are saying that they're waiting for some specific price and when it falls, they'll start buying. But we don't know if they're telling the truth and following their own plans.
Honestly, nope.
I want to see it move up and get back to $100k but we don't know when.
The price of Bitcoin is currently at the level of 60k dollars, but if it is dumping, it will definitely enter below 60k dollars. But at the moment, the possibility of pumping the price of Bitcoin is the most because the price of Bitcoin has been corrected considerably at the present time, and many people have been investing in Bitcoin regularly, so if the price of Bitcoin is low, they will take the opportunity to invest more.
As a result, those who have been buying Bitcoin regularly according to the DCA method will buy Bitcoin even if the price of Bitcoin is rising, and they will buy Bitcoin even if the price of Bitcoin is falling. But now, if the war situation is controlled naturally, the price of Bitcoin will definitely go up.
I have Bitcoin holdings so I want it to pump back as much as possible to break ATH. However, falling below 60K is an opportunity to purchased more at lower price.
I dont want Bitcoin price to fall below 60K but I will gladly take it as an opportunity to purchased at lower price if happened.
Chart is sideways so it might be fall below especially due to oil crisis that affects global economy.
QuantumVectorFull Member
Posts: 84 · Reputation: 290
#6Jun 19, 2022, 07:57 AM
This is what you want, not sure that's what many who have been on a losing streak on their Bitcoin investment for quite a long time would want. Many would be longing for Bitcoin to pump so that they could recover their losses, and start making profits.
I have bought Bitcoin the way I like at the price range of $66k -$70k. I am okay with it, and I want to see Bitcoin pumping soon if it is possible.
No. I don't want it to fall anymore, because of my personal reason.
My source of funds just get stopped few days ago, if Bitcoin drops further, I can't grab some quantity either because no funds available to purchase it., as that's what I normally do whenever external source of funds active.
But now there isn't, let the price start rising upward.
No matter what I want but Chinese exchanges definitely want Bitcoin at $30,000, and I'll explain why. Thanks to the scams involving shitcoins and futures, they're accumulating a huge amount of stablecoins.
But stablecoins are always much less reliable than Bitcoin. Chinese exchanges are currently buying Bitcoin from the market. But they'll sell it later, making it more profitable to buy it later and at a lower price with the stablecoins that will accumulate.
So, $30,000. Well, let's say $40,000.
You can never say never with bitcoin price but realistically this price of $30k expectancy is actually a very tricky one and I personally do not see it coming to $30k because should bitcoin fall to this range then it will be like the market has fallen more than 75% from its all time high.
This is actually or usually possible in the past bitcoin trend when the market was seriously or highly volatile there was more than 80% drop in one bearish trend but with bitcoin currently having less volatility than in the past its actually not right to expect such. Personally my prediction is a at worst in the bearish market the fall wouldnt be more than 60% from the ATH.
My bottom prediction is at $50k which is the 60% fall from the ATH.
I don't make predictions.
I'm looking at the bids and asks on exchanges. It's unprofitable to drop Bitcoin now because it might not even reach $ 50,000. But when Bitcoin reaches around $ 80,000, the bids will move from $ 50,000 to $ 70,000, and below $ 70,000 there will be nothing, giving Chinese exchanges a chance to push Bitcoin down to $ 30,000 and prevent other users from buying it, as they'll be in fear.
m4trix_bl0ckMember
Posts: 43 · Reputation: 245
#11Jun 22, 2022, 12:16 AM
There will be a discrepancy between the expectations and the realizations of investors. In the future, Bitcoin's price will fall or rise, adopt an investment strategy in such a way that it will affect you negatively.
If your strategy is aggressive buying, your expectations may be more higher during the decline of Bitcoin price. Investors' motives may be different, and the market maintains its dynamics in the context of demand and supply.
I am a regular Bitcoin investor, I continue this effort regardless of the rise or fall of the price, so I have limited my expectations for now.
This is what I want to happen, not just Bitcoin stopping at $60k. I want to buy Bitcoin at the best possible discount because that is the way to make a huge profit. But honestly, I did not think this would happen. In the current climate, the likelihood of Bitcoin falling below $40k is very low, let alone $30k.
I know many people do not want Bitcoin to continue falling because most missed the opportunity to take profit when it peaked. But perhaps I'm like you, wanting it to drop below $60k, and I hope it can reach $50k.
CalmLedgerSenior Member
Posts: 236 · Reputation: 1270
#13Jun 22, 2022, 10:45 AM
Your wish seems comes true, maybe but no one know for sure. Bitcoin achieve the new ATH at $126k so there is a chance for the price to drops for the half. But you could only wait and see and prepares your money to buy at that price. If that is not happens, you can still buy at any price you see so you can accumulating and hodl Bitcoin. Well, I am in position waiting for the price down and still buying monthly as that is my main plan to invest in Bitcoin. So whatever its happens, I am ready to buy more.
Bitcoin falling under 60k, even under 50k, would probably fuel an even bigger recovery, ending the current crypto winter.
On the other hand the crypto winter tends to for by its own schedule.
Yes, falling now under 60k looks very possible on the paper. But you seem to miss the point that as soon as the price falls close to 60k some get triggered and buy in. And you seem to forget that the price was already under 60k, shortly, in February.
Do you want to buy? Then better do DCA. Those waiting for a certain price for buying tend to never buy, since when that price is touched they tend to switch to another lower price expectation.
Do you want to crypto winter to end? Just have patience.
Do you trade? I don't have a good advice; current POTUS tends to play with traders' nerves, no matter it's stocks or crypto.
I still have a little that I can allocate to buying Bitcoin. I will buy again if Bitcoin eventually drops below $60k. But for the current situation, I will still wait. If the price does not drop below $60k, I might not make another purchase in the near future. Because some people who already hold Bitcoin during this current decline period surely hope now is to wait for a price increase moment. It might not happen in a short time, so we have to be patient.
john.atlasMember
Posts: 17 · Reputation: 221
#16Jun 22, 2022, 01:29 PM
Of course its possible for bitcoin to fall below $60k, but not many would want to see that happen anyway because long now weve seen bitcoin stuck at around the 68-70k price and many have taken this opportunity to buy more at such a price, now looking forward for an uptrend. Personally I dont want it to go below the 60k price. But considering the current market conditions coupled with the crisis in the Middle East theres every possibility it could happen or stuck around the 60k for more time.
I don't think it's a question of wanting to at this point. The world situation isn't getting any better, in particular the situation around oil is very bad right now, and that's one of the reasons why crude oil prices are so high and crypto is so low.
I don't see this changing any time soon, which could push the price of crypto down even further, possibly to below $60k briefly.
omega_2013Full Member
Posts: 54 · Reputation: 355
#18Jun 22, 2022, 08:47 PM
Each investor has a different mindset, capital, or position, so our expectation and prediction will also differ. You might want Bitcoin to fall below $60,000, but I also believe many people do not want that to happen at all. Especially those who bought at high prices like $100,000 or $120,000.
As for me, I do not want anything, because most of the things we wish for do not come true. Bitcoin is not moving as we expected. Instead, I prepared a plan for the scenario if it dropped below $60,000 or $50,000, as well as a plan if it rose again.
1- Someone who doesn't have enough btc,
2- Someone who doesn't have any btc,
3- Someone who is shorting btc
I don't see why would anyone want btc to go down. Maybe haters... For some reason btc haters like Peter Schiff want btc to go to $1, or even zero. Like btc price affects him in anyway. These turds just can't let it go.
humblefarmSenior Member
Posts: 378 · Reputation: 1571
#20Jun 23, 2022, 05:09 AM
From this year till the next Bitcoin halving for is for accumulation. So the cheaper the better for me. For those who want to buy and sell within a short period, this might not be a good time to buy. The US economic and military policies are making the market highly unstable. Having a long term approach to Bitcoin investment will be ideal. I can't wait for Trump to leave the White House.
People who want to accumulate want to buy cheap Bitcoin.
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