Quote from: paulbowyer on November 24, 2022, 10:33:08 AM

Ive been hearing a lot of the same type of opinions for a long time that the crypto will be in a relative drawdown until the next halving, up to 24 year. Given all the current circumstances and the prerequisites for possible futures, this version seems very real

Personally, I don't buy the idea of those theorists, Bitcoin is still young in the field of financial investment, and we need more years, if not decades to fully ascertain its true nature. For now, be a good speculator based on the economic and technical reality of the market and shun what I call a "myth."

Quote from: goldkingcoiner on November 24, 2022, 11:33:10 AM

My first thought will be: Oh great, now I can have a second chance to invest a decent amount of money for my future. I am glad. I should have taken the chance the first time but this is ok too.

My second thought would be: Because of the amazing crash down to 1k, Bitcoin will need years to recover to 20k again. Which is a bit disappointing for those who like seeing big numbers, but I am hodling for years anyway. And the profit in percentage from Bitcoin going from 1k to 20k will be greater than waiting for Bitcoin to go from 20k to 200k, (which I suspect will also take a few years at least).

It's nice you have two thoughts about this, but the second thought might not delay that much. Bitcoin could rise very fast after much falling, I won't doubt that. It only needs a reason to do it, and when the opportunity comes, it would be a strong bullish run as it played in the past.

Quote from: Oasisman on November 12, 2022, 09:49:38 AM

Quote from: Marcorey on November 12, 2022, 07:38:57 AM

If Bitcoin reaches $1000 I will buy as much as I can, it will be a good opportunity for me to profit. As time bitcoin becomes more popular and more people will accept it, one day the price will rise again and have a better value in the future.

This is another statement that's easier said than done.
Let's be realistic here, as I've seen a few replies that they want to fill their bags and buy Bitcoin as much as they can when the price dips down as low as $1k. But, I don't think people's sentiments might still be the same when that actually happens. We've seen one of the worst dip in 2018, where Bitcoin touched $3k after the unprecedented $19k ATH, some even recorded $20k. People were actually panicking and jumping off the train immediately, thinking Bitcoin would crash so hard and will never recover.

You are one of the few people that are realistic here. Many would want to be rich due to the low price of BTC, but they neglect the possibility of it falling, the cause of the dumping. Honestly, fear and panic would be in the market then, it's easier said than done.

Quote from: Minecache on November 12, 2022, 09:41:20 AM

Quote from: Renampun on November 12, 2022, 06:10:30 AM

fact: Bitcoin will never touch $1000 again (never even to $10k).

It is definitely impossible for the possibility of dropping to 1k even if something worse happens, but with 10k we cannot say that this will never happen. In just 3 days, the FTX crash caused bitcoin to go from $21,000 to $15.7k and FTX's drama will not stop, once FTX goes bankrupt, there will be many consequences later. Don't think it's over, I predict that the market will crash again and the bottom could be 10k-12k.

You made me laugh about your comment on the impossibility of Bitcoin falling to $1,000. Please, visit the dictionary to ascertain this, and then you will know that it is possible for any asset to astonishingly rise or unbelievably fall. However, we hope it doesn't happen, but if it does, it's an opportunity for an ardent fan like me.