Is Bitcoin going to dip below 50K again?

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dan_laserMember
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#1May 23, 2018, 07:05 AM
I've been thinking about whether Bitcoin will ever drop below 50K again. What's your take? Personally, I believe it might hit around 70K but won't go any lower. 2025 is gonna be huge with governments starting to step in. In the long run, I think people will look back and see buying Bitcoin under 100K as a steal. What do you guys think?
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fox_byteHero Member
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#2May 23, 2018, 10:55 PM
Since the price collapsed below $20,000 in the previous winter, anything is possible and we may see levels below $50,000, but it is unlikely to happen before we see prices above $110,000. We really need very bad news to see those levels in the next 6 months.
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#3May 24, 2018, 04:42 AM
I can certainly see a possibility in that that happening. During the last cycle bitcoin went from 67k down to 18k which is ~73% drop. Let's say that in this cycle bitcoin goes up to 185k and drops down to 50k, that would make it once again ~73% drop. Having said that, each cycle gains and drops are smaller, so maybe it won't go as much as before, but you should definitely be ready for it if it happens. With that part I agree.
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SwiftPixelFull Member
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#4May 24, 2018, 07:24 AM
Nothing is impossible; dropping down to $50k is like about 45-50% from its current price. It has dropped below 80% before from its all-time high, where it dropped from $19,600, its ATH, down to $3k+; this was during the years 2017 and 2018 down to 2019, if I'm correct. So it's not something new again, but it's just not likely to happen unless the big players are involved in some sort of trying to dump the market.
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c0in23Full Member
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#5May 24, 2018, 12:20 PM
Expect the unexpected to see the reality... If you still remember the 2017 bull run, (not the one before the current one) Bitcoin almost hit $20k, but a year later, it dumped to $3k. That’s more than a 50% decrease. That’s why I’m saying expect the unexpected. Even though the hype is very high right now, with Bitcoin projected to keep rising thanks to big institutional investors, nothing is impossible in the future.
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lynx_degenFull Member
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#6May 24, 2018, 12:32 PM
I think it's not gonna be far than $50,000 because many government and institutions now hold Bitcoin, so it's hard to make Bitcoin price fall really sharp. We also don't know how high Bitcoin price will reach this year, this year should be the peak of the current super cycle. Any price of Bitcoin is cheap as long as you plan to hold for long term period.
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pixel2014Hero Member
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#7May 24, 2018, 04:39 PM
We do not know the all-time high yet. That will make it difficult to know if bitcoin will fall below $50000. But if there would be a bear market that may let Bitcoin fall below $70000, there is possibility that we may see $49000 again. But as for now, bitcoin is likely more to increase than fall.
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eric.wizardFull Member
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#8May 24, 2018, 10:12 PM
Yesterday I thought the price would come down to $90k but it wasn't and today now it is going up to $100k again. And if the price will come down to we will see it from the month of April. And for now we can tell the exact price that will appear in the bear market in this year. The bear market will start from April but I don't think it will go down to $50,000 and if it reached that price then the people that will  uy bitcoin will be much because many people have seen the All Time High.
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pixel69Full Member
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#9May 25, 2018, 02:05 AM
The price of bitcoin will definitely crash but you can't tell what amount bitcoin will be falling to because the market is unpredictable. I think investors should always be ready to see the unexpected because that's how the market is. Whatever amount bitcoin falls is not a problem, but it will surely be a price that Real investors won't miss out to buy more bitcoin and hodl. It is possible to see fall below $70 or not  but it something no one knows what will be the exact figure when the price drops.
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basedchainFull Member
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#10May 25, 2018, 03:10 AM
Yeah, Bitcoin below $100k is already cheap, but timing is important. no one can guarantee what will happen in the future so you’re essentially betting on your analysis and that’s where technical analysis comes in. Some predictions will be right, and some will be wrong. The goal is to be on the right side. Bitcoin is still considered a volatile asset, (highly volatile, to be exact). So, if you ask me whether it could go below $50k, my answer is that it’s possible but not certain. Just stick to what you believe. Don’t listen to others, it’s your money, your rules.
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fox_2021Senior Member
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#11May 25, 2018, 05:26 AM
The long term chart says it can but that doesn’t mean it will. With every day bitcoin is above 70k the long term support is moving higher and higher and the chances of btc becoming $50k is getting less and less. Even then if something very unordinary happens btc might dip to $50k very fast but it will recover much faster. Don’t wait for a dip. Slowly DCA and when bitcoin dips and your portfolio goes deep red that’s when you should go all in the remaining dry powder. You’ll exactly know when to do that when the time comes.
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mr_vectorMember
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#12May 25, 2018, 07:21 AM
Inasmuch as business is concern there is always unforseen uncertainty in terms of crashing or appreciation of the value of asset but if we critically look at the present speculation of propose interest by so many investors and institutions to investor in Bitcoin. Saying that Bitcoin will crash below $50000 is not feasible because what may result to crashing of Bitcoin is when there is no available market and investors but there is already interest to make Bitcoin a fiscal reserve of some countries and US president elect, Mr Danold Trump is also considering initiating Bitcoin investment in America exchange which I believe will have a positive impact that will enhance the value and price of Bitcoin considering the economic potential of America. In all remifications, I believe that there is possibility that Bitcoin will hold more better future for investors as well as uniform increase in the value or price.
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p1x3l365Senior Member
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#13May 26, 2018, 02:00 AM
No one can say about it now but you can wait for bear market years like 2026 or 2027. Bitcoin historically can be corrected 70% or 80% from its all time high and when you know ATH of this market cycle in, for example, 2025, you can use it for yiur prediction on possible bottom in 2026 or 2027 bear market. It is possible if ATM is $100k or $110k, but if ATH is too high like $150k or $200k, price like $50k will never come back.
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node_2020Full Member
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#14May 26, 2018, 03:11 AM
The fifty thousand dollars ($50,000) is half of this move to $100k, and if we take account the fact that, during the last bull market Bitcoin move from $3500 to a significant price of 69k, and then crashed back to $15k, that is, it crashed more than half of that price move; therefore it means that nothing is impossible as regards to where the price can retrace back to after an ATH is established. So, the price crashing back to 50k will be determined by how far that price got to this bull market, However, in a situation where we reached $250k-$300k this bull market, then I doubt the possibility of the price making its way back to $50k, and it will be an insane market crash.
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dave_satoshiSenior Member
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#15May 26, 2018, 05:27 AM
That remind me of rumour in the end of Dec 2017 that Bitcoin will be at 100k in 2018 but year later Bitcoin was around 3.5k$. Finally we saw Bitcoin at 100k$ towards the end of 2024, a price that was predicted to be achieve in 2018. Today Bitcoin is at 96k$ and there are different rumours of 130k, 150k and more but there is no certainty what price Bitcoin will be having in Dec 2025. As a Bitcoin investor (enthusiastic) one must be ready for all sort of price swings. No matter what price Bitcoin takes this year, I am sure in the long run it will only go up.
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p1x3l365Senior Member
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#16May 26, 2018, 09:34 AM
Everything is possible but if the assumption is Bitcoin adoption, its market cap and trading volume become bigger with time, market cycles, naturally its volatility will become smaller so will its corrections from ATH to bottom. In my above post, I said predictions on next bear market's bottom can be estimated after knowing this cycle ATH. I believe that a next correction will be 70% maximally or will be smaller than 70%. With ATHs like $110k or $100k, the next bottom can be $58k or $64k. If ATH is higher, the bottom price will be higher than $64k.
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sat_2011Full Member
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#17May 28, 2018, 10:21 AM
The Bitcoin market is full of many possibilities and if the price of BTC can reach $100K price it can definitely downtrend also to the $50K price range. There's one thing I want us to have in mind despite the world-leading investment organization being bullish on BTC, and the institutional investors who are all into the crypto market are here to make a profit it is not that they genuinely like, or want BTC. Therefore, they can choose to sell their bag anytime as long as it is going to give them a profit they don't care.
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sigma420Member
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#18May 29, 2018, 03:11 AM
We saw a ~73% drop last season, but I can't confirm that it will drop ~73% this season. It could be less or more. But this season, I hope we won't see much dumping. No matter how much Bitcoin's price drops, it's expected that it won't drop below $50k. I agree that because Bitcoin is moving in the right direction, it's natural to think that. This will be considered in the future when considering the cheapness of Bitcoin.
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jake2017Full Member
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#19May 29, 2018, 06:37 AM
What if? wondering doesn't change what the market will end up being. The essence of calculating what the price will be is measured to how low the market can get and how much can be triggered into investment. We might end up seeing below $50K, there has been many falls in the market, may be same this time around but no one can fully tell as for the expectations of our all time high, the time high also will determine what we get during the dip season, no projection on falling 70%-80% from our ATH. Whatever point we get bear, along we can consider that part cheap not just below $100K.
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cold5tor4geSenior Member
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#20May 29, 2018, 10:19 AM
Just a quick one the 24-hour high of Bitcoin is $97,400 is far from 100k so let's not be quick to conclude that there is a recovery back to BTC $100k price, we should expect a further low in the price of Bitcoin in this January before the Price finally picks around ending February to March, so we cant say how far Bitcoin dip could go right now and if we should stay on the topic of possibility of Bitcoin falling to $50k then my answer is yes there is possibility but when and how that will happen is what we can't tell at the moment, we can only speculate.
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