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How much further down can we go?

Hey dear Gq community,

I would like to hear your opinion on the current situation at $BTC (+1.47%) situation. We have fallen quite a bit since the beginning of the year and are now at just under €54,000. I recently read an article where it was claimed that $BTC (+1.47%) will fall to 40.000€ do you think this is possible or do you think that people will use the current price as a buying opportunity and boost the market again?

19 Comments

Stefan21@stefan_21

I can now also imagine that it will go a little lower. But I have already bought a first tranche today. The next tranche will then follow below 50k euros :)

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PresidentDonkey@DonkeyInvestor

@stefan_21 keep your fingers crossed that the buy order will be executed

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SGP@Koenigmidas

@stefan_21 desired course 41 k

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Ochrana@Ochrana

Nobody knows if and when it will turn. It is best to simply buy in small tranches at target zones or collect via a savings plan. Some will now say again that it will go to 40k, 30k or 20k. These are usually the same YouTube gurus who call for a total crash if the market is down 5%, and who throw out price targets in the billions for clicks if the market is up 5%. In the end, nobody knows. Just look at Saylor, sells 32 bitcoin in the plus and is suddenly 8 billion in the minus....Just look at the highs and lows, calculate a possible chanche risk ratio and adjust this to your risk appetiet.

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trade_visionary_2240@trade_visionary_2240

@Ochrana that's right none of us has a crystal ball. And what the people on Yt are saying is absolutely right, I am positive myself and expect the price to rise in the next few months as we are approaching the halving. And if you look at the chart, from a year before the halving, the price has always gone up and broken new aths as more people say now comes the big breakthrough. I buy from time to time at good opportunities when my targets are reached and that's it.

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Solitair@Solitair

I wonder what this Bitcoin sale from Strategy is all about. It can't be the 2.5 million. Did sailor just want to test how something like this goes down?

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Stefan21@stefan_21

@Solitair Firstly that and secondly the BTC holdings are worth nothing in the eyes of the rating agencies if they can't be sold. Strategy wants to be in the S&P 500, I think that's why they sold the small amount :)

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trade_visionary_2240@trade_visionary_2240

@Solitair He had to do it so that he could pay dividends otherwise she would have defaulted.

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Solitair@Solitair

@trade_visionary_2240 you mean strategy is now so strapped that they don't have 2.5 million lying around elsewhere?

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Jan L.@usere974048ede514bf5

I think it goes even lower!
I only buy from under 40 k in dollars.

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trade_visionary_2240@trade_visionary_2240

@usere974048ede514bf5 okay sounds like a good opportunity. Why do you think it's still going down simply because of all the selling or ?

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Jan L.@usere974048ede514bf5

No, if you don't just look at the fundamentals, then it's pretty obvious. But of course it's never set in stone. In my view, we are in a bear market. With a bit of luck, we'll see a countermovement and I can sell a bit more at around/just under 100 k. I'm very long-term oriented with crypto. I actually managed to sell a medium margin almost at the ATH, which is ready for under 40k. A larger amount of BTC has been lying around for a long time and will continue to do so.

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trade_visionary_2240@trade_visionary_2240

@usere974048ede514bf5 Okay, I see, you just want to use your profit to buy new shares to make more profit. Sounds like a great plan.

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Artiskon@Artiskon

If it's up to me, we'll go to €30,000 or less.
But since it's not up to me, it could go up again now :)

If we only go by what has happened in the past, we are in the middle of a bear market and could see prices fall (sharply) for another 4-6 months.

The current cycle has made a precision landing compared to the previous cycles in terms of the formation of the top.
Perhaps it will be the same as last time and we will see the low in the fall/winter.

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trade_visionary_2240@trade_visionary_2240

@Artiskon So I definitely agree with you on the time period, but I'm not with you on the price because if you look at the past cycles, we've always fallen before a halving, but not so much that there's 30k in it now - we haven't had that in percentage terms yet, which is why I'm not with you there.

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Artiskon@Artiskon

@trade_visionary_2240 I say: if it were up to me ;)
I'll be surprised where the journey takes me.
My savings plan is up and running, so if we head towards EUR 45,000 I won't be dissatisfied.

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CaYaRo@CaYaRo

@Artiskon @trade_visionary_2240
But we can also say goodbye to the logic of past cycles a long time ago; people have been talking about correlations for years that simply no longer really exist due to completely different market participants (crypto ETFs; new crypto investors in the retail sector; funds that include crypto) and political players (above all the US🍊);

IMHO, these players and their appetite for risk determine the direction of crypto and they currently see the risk/reward profile as even better for storage, chips and AI investments

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Artiskon@Artiskon

@CaYaRo right, so we are all curious to see what happens. Nevertheless, the last bull market was a precision landing in terms of the timeline.
If we stay in the bear market even longer now, simply because you can make ashes in the AI hype, then I have nothing against it :)

More $BTC for us 😅

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Elfuhr@Elfuhr

Make a monthly savings plan. My crystal ball says let it run...

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