[funtela]

Where do you guys see this bear market heading? I wasn’t invested in crypto in the last major bear market. I started investing a lot when BTC was around $45k, so I’m definitely at a major loss. I unfortunately put a lot into LUNA as well.

I don’t have tons of market experience, but I expect BTC to continue to drop to ~$10k levels.

Do you guys think there are worst possible scenarios than that? What happens if big companies like MicroStrategy and Tesla sell their holdings?

I’m considering possibly converting to fiat especially with USDT shaking up the way it is.

Let me know what your thoughts are for this upcoming season.

[UNKNOWNI]

Fud is working on you ~$10k levels is crazy.

[miomar]

What I personally believe is that we are in difficult times, this week and perhaps the next one will set a roadmap for the rest of 2022 and maybe even 2023.
Yesterday we closed the day at 29k which was really important, tonight we desperately need to close above 28.800 and then we might see a rally soon
Good luck to all of us....

Edit: honestly if we close below 28k I can see us going down to 10k, if elon and the big players we definitely going below 5k, 1 tweet from elon can break or make our market at this point

[SA777OSHI]

Well I had a dream back in december about BTC being at 12k, that means nothing but now it seems closer to reality lol, however I think 22k could be the bottom in the next weeks/months.
BTC was created in 2009 I believe (after the recession), so basically it has never been through a recession, also not to mention War and Covid, IMO global conditions are not looking good so yes 12k seems possible but hopefully we don't go lower than 20k, only time will tell.

[Omniscient]

You don't have a loss unless you go back to fiat. If you had .1 BTC at $45k, you still today have .1 BTC.

Did you buy the BTC for its fiat value or for the long-term BTC value?

Market is obviously rocky as fugg. Suggest you hold though and not worry about it. Or even DCA and buy more on the way down. Might be a last chance to accrue BTC at steep discount.

[Driz]

Down the rabbit hole, trying to acquire as much BTC as I can rn lol

[Doctor.]

we will be lucky if 10k-12k is bottom. This shit could bust to 3k

[SA777OSHI]

we will be lucky if 10k-12k is bottom. This shit could bust to 3k

Only if some crazy Tether shit happens, but that would be terrible for the crypto space, that would mean entities/funds or whatever would never trust crypto again, its like when you go to a restaurant and everyone is talking nice about that restaurant, but then you go there service is terrible and food expensive and nasty and you only wasted money, would you come back? I dont think so, well that wasnt a good example but my point is that I dont think people would come back to the crypto space if something like that happens, that would be close to the apocalypse in crypto lol.
But if nothing crazy happens with Tether or other stable coins I think we are fine, yes we might have a recession coming, a War and Covid, but even with all that I think we could still find big support around 19k, and possibly 12k, but that would still be a "normal" bear market like the previous ones, I just hope we dont get some crazy shit with Tether or something else, but I think we will be fine.

[Yin Yang]

To the moon? Where else 🚀🌕

[Earned]

I believe that we are lucky that this happened, Bitcoin, ETH etc.. will recover! As always:)
We are way too deep for BTC to absolutely crash to amounts like $3k or some other crazy amount.
As long as something crazy (like Tether absolutely crashing just like UST) won't happen, then we're good I believe!

[miomar]

Holy fuck bro I just looked at the date and realized it is friday the 13th
FML
Not going to make a thread about it cuz fuck spreading fear

[Doctor.]

Only if some crazy Tether shit happens, but that would be terrible for the crypto space, that would mean entities/funds or whatever would never trust crypto again, its like when you go to a restaurant and everyone is talking nice about that restaurant, but then you go there service is terrible and food expensive and nasty and you only wasted money, would you come back? I dont think so, well that wasnt a good example but my point is that I dont think people would come back to the crypto space if something like that happens, that would be close to the apocalypse in crypto lol.
But if nothing crazy happens with Tether or other stable coins I think we are fine, yes we might have a recession coming, a War and Covid, but even with all that I think we could still find big support around 19k, and possibly 12k, but that would still be a "normal" bear market like the previous ones, I just hope we dont get some crazy shit with Tether or something else, but I think we will be fine.

Bitcoin was trading for dollars before tether existed. Time to go back to its pure form

[B FOR BADASS]

Under 10k BTC by end of summer. Putting this post to refer for later.

[Crypto]

Under 10k BTC by end of summer. Putting this post to refer for later.

Possibly, but most likely only for a small breathe of its lifetime.

I'd say new ath within 1-3 years is quite probable too. And with new ath I mean a test of the 100k lvl.

[neat15]

I think for now we go down, But if ETH stabilizes might see better price movement for NFT's