Bitcoin is dropping in price

[Bousine123]

Bitcon was once $64K, and now it is under $40K. Some people are speculating that the price will go down to $30K where as some people are assuming that the price will start growing soon

Nothing is predictable in bitcoin market because one thing I noticed is that price of coins Can change at any time especially for the popular coins like bitcoin, binance bitcoin, Ethereum, ripple coins, e.t.c

 

[Grandeur]

It was actually a good time to buy, bitcoin is now about 42k which is to say that if someone bought 1btc then it would have appreciated and given a profit of about $8k

 

[tyrim88]

The price could drop but what I'm sure is it will go back up, there are has been predictions already that Bitcoin could rise as high as 100k so let's see how things turn out

That is one thing about the cryptocurency market and the trade,because the volatilty in the market can make someone to do his prediction based on what he is sure will happen,but the whole scenario can just change in a split second.

 

[Nat]

Yes but there is no panic. It behaves like that . It goes up and down. Value changes factors affect it so we must be patient. Buy more of it

 

[Immilash]

Bitcoin is falling down like a brick , and I also think we still have some downward movements to continue, on my own view Bitcoin is going fall to a extend the poor can afford it.

 

[Genie01]

Currently bitcoin is estimated to be worth over $35,000 that's a big drop from where it was weeks ago when it was well over $50,0000. Do you expect to see the price drop even more? And how far do you think it will drop? I hope it reaches back up to $50,000+. But I'm not betting on it. Maybe it'll be a good time to invest now, or when it drops some more.

The drop in Bitcoin was unexpected and it wrecked alot of losses with some investors.
But I believe Bitcoin would definitely regain it's strength it might not be so at the moment but most likely in the future.

 

[Sincerem]

I expect Bitcoin to recover anytime soon. The fall is the price of Bitcoin and cryptocurrency is in general came as a shocker to so many people.

Bitcoins was able to recover from this drop last year And rose to $69000 before we start experiencing a serious Bearish season this year. We still hope bitcoins will recover from this soon too.

 

[Lynaia]

This thread was actually posted in last year but it's quit funning that bitcoin was not even going down then, because the rate at which it's going down now is not even predictrd by anybody
This thread was actually posted in last year but it's quit funning that bitcoin was not even going down then, because the rate at which it's going down now is not even predictrd by anybody

 

[GIFTMICHAEL]

Currently bitcoin is estimated to be worth over $35,000 that's a big drop from where it was weeks ago when it was well over $50,0000. Do you expect to see the price drop even more? And how far do you think it will drop? I hope it reaches back up to $50,000+. But I'm not betting on it. Maybe it'll be a good time to invest now, or when it drops some more.

Yes you right as you mentioned Bitcoin recently dropped to it's half of the rate which is the not a good news but i can surely say this i will reach back to it's original rate soon.

 

[GoldenLady]

The bear market is really taking its toll and the following events are making some people lose faith in cryptocurrency. Hopefully, these are signs that the bottom is approaching.

 

[Chibson]

Bitcoins was able to recover from this drop last year And rose to $69000 before we start experiencing a serious Bearish season this year. We still hope bitcoins will recover from this soon too.

The simple truth is that bitcoin will not recover any time soon. this current bearish season will last for at least one year again before we will start seeing a serious increase.

 

[eenya00]

The simple truth is that bitcoin will not recover any time soon. this current bearish season will last for at least one year again before we will start seeing a serious increase.

i had a chat with a friend that is neck deep into crypto currencies and he confirmed what you just said now, that the bearish season would stay up till the early quarters of 2024 before the bull run.

 

[Chibson]

i had a chat with a friend that is neck deep into crypto currencies and he confirmed what you just said now, that the bearish season would stay up till the early quarters of 2024 before the bull run.

Probably, what I am trying to do right now is to try as much as possible to buy cryptocurrencies I believe in. So that when the next bull season reaches I will be in massive profit.

 

[GIFTMICHAEL]

Yes, I heard this that Bitcoin is dropping down but it wouldn't say wrong that Bitcoin come back to its original rate soon. It drops down year ago and then come back to its original position so the fluctuations are necessary in digital currency it can't stay constant.

 

[Sincerem]

The simple truth is that bitcoin will not recover any time soon. this current bearish season will last for at least one year again before we will start seeing a serious increase.

So does it really mean that from next year we shouldn't be expecting any improvement in the price of all cryptocurrency ? If this is what you said then that means this is not the best time for people to accommodate their favourite cryptocurrency