Topic: Are we in another Bubble? when will it Burst - page 3. (Read 705 times)

Bitcoin is not in another bubble, it still in the early phase of the bull run if we calculate the potential that it might achieve in 2021, probably $100k by the end of the year.
so, it won't get burst but a correction, even 30%-35% will bring it down significantly but the price still holds above $21k.
If bitcoin manages to reach $100k, then the major correction may occur at that level, the history may repeat itself, the price will plummet for 2 years and come back after the next halving in 2024.

I guess the question on everyone's mind is how serious will it be! Maybe the correction won't be as serious as previous years, and will alts be seriously affected as well, btc has been moving on a high speed and is expected to correct at some point but no one knows when it will happen, is it when it touches 40k or before then

I wouldn't depend on history alone with Bitcoin. OP has stated that "History has never favored Bitcoin in January", but when has it historically favor Bitcoin? Based on what we've seen this year and in 2017 we could say that December used to be a good month, right?
Take a look at December 2014- January 2015 - strong downtrend in both months.
Bitcoin was also rising all throughout January of 2020 and holding steady in December 2019.
As you see there are exception to the rule.

The fact is that bitcoin has been breaking All Time High almost every week now and it has been long since a correction has been occurred.
A correction is definitely needed at this point to stabilize the gains. So I do expect bitcoin to fall back a little in early 2021.
But that doesn't mean that bitcoin will dump like the 2018 dump because this bull run is more mature than the previous one.
A correction might occur but it will be recovered quickly and won't last long before the next ATH occurs.

I agree with the statement that history will repeat itself, but when it will happen no one can say for sure. At least we learn from the history of
the bullrun that happened to Bitcoin will not last forever, there will definitely be a moment Bitcoin falls. So we better prepare if this happens.
I always use stop-loss in case Bitcoin suddenly collapses. Although it looks like the bull run that happened to Bitcoin right now is just a beginning.

For me, I think there might be a slight pullback before we will experience another round of Bitcoin bull run. The problem is that we don’t know when it will burst. If we are talking about what happened in 2017 and 2018, market isn’t matured that time. It’s also the time that I was a beginner in learning Bitcoin, cryptocurrencies, etc.

The bubble quickly bursted sometime mid-January, days before my birthday and the bears took control and dominated where Bitcoin plunges to $3k. As for this year, I just don’t know what will happen because of the market’s unpredictability, but this time, the market is more mature due to large institutions buying in on Bitcoin and already surpassed JP Morgan in market capitalization as of this time of writing.

Bitcoin is just a couple of months shy of its 12th birthday – still a baby in financial market age. Nevertheless, it rapidly developed a reputation for volatility. This was reinforced by the 2017 rally and 2018 plunge. Fortunately, data suggest bitcoin’s volatility is waning. And there are other, perhaps surprising assets that expose investors to more stomach-churning moves.

This January seems different from every other one in the bitcoin history let's hope the rally continues. I sure of one thing the institutional investors in bitcoin with change the Game, it wouldn't be business as usual for everyone. Take profit at intervals.

In fact, Bitcoin has been in uncharted territory since December 17, when it reached a new all-time high above $23k. It is now in pure price discovery mode. Many enthusiasts claim that this time the rally varies from 2017's craze and may signify a prolonged and a sustained rise for bitcoin.

"The flow of institutional news is becoming more steady and December has brought a whole new wave of interest, as can be seen from the chart below:"

source: https://blog.kaiko.com/bitcoin-enters-uncharted-territory-december-21-2020-7279293d42fc

you have to actually check the history before making this claim. more than half the times price has gone up during January each year!

so you just assumed this is a bubble? lol.

this is nowhere near being a bubble, this is simply underpriced bitcoin fulfilling some of its potential.

I know I am very new on this platform but I strongly believe that it is the time for any one that invested below $20k to skim off there profits 
When the money bags start dumping the market will reset.

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You spoke my mind , that the little profits now  wait for the drop in price and buy the deep .
Which one can do in phases or little chunks

[moderator's note: consecutive posts merged]

Definitely this is going to happen. Every rise has a fall, get ready for another opportunity in couple of days. This skyrocketing price will slowly go down trust me if one big investor start to sell BTC will collapse for sure, No one has the ability to predict the market rise now as BTC is unstoppable.

Also those who are planning to sell don't be greedy watch every market movement and plan accordingly. And don't trust anyone as many analyst are predicting way behind thinking.

I guess the bitcoin price will still rise higher first
You can enjoy this moment, but you can also wait for the burst to come as we do not know when the right time to see the price will go down.
I prefer to try to profit from this moment because we can buy low and sell high, but we need to be careful with the down of the price that can happen anytime.
Maybe the price will reach the top price before the price goes down, and maybe that still needs more time to happen.

Everyone knows that we will see big correction in the future (something like -30%) but nobody knows when. Right now everything in fomo and believe in eternal grow

If you look carefully in the grap by visiting different timeframe like 1hr, 2hrs, 4hrs, day, week and month, You will notice Bitcoin always corrects price after a massive pumps you can't see it if you are looking on a single timeframe but the current chart of Bitcoin is much different than the first bullrun. Investment company really surging in and scooping BTC at this price level.

Just keep watching on the price of BTC.

This was expected by most bag holders that there is a correction and we can't deny the fact that this will possibly happen the price of bitcoin will repeat itself. I guess there is actually a correction but it will not be worst not what happened before, the recent pump was not hype, we have actually big investors made by big companies like grayscale and Paypal which bring a massive bitcoin awareness bt most people.

The correction will I guess a start to refuel the price and start again to skyrocketing the price. This is all speculation and this will remain a prediction for us, who knows bitcoin will continuously pump up because many people had already aware of it. The basic rule of bitcoin, the demand and supply will always have the power to move bitcoin up and down.

I think it can now be safely said that bitcoin won't be going below 20-25K anytime now. All of this appetite cannot be retail driven after the experience that people had during the last ATH. Coinbase sold almost 1 Billion worth of BTC.

Though the biggest whales are still concentrated and this may just be their attempt at making the most out of the hype and all the rich mofos jumping on the bandwagon. Last time they took retail buyers to 20K and milked them just right. Its the HNIs now. The target may well be 40K or who knows what. I'd only say that for those who have made enough bitcoin that can help you at this point in life in the real world, take a target and cash in. The whale games will continue to be played but its better to take the money if its useful to you. Of course, don't exit completely.

Personally, I don't have enough BTC that it'll make a difference to me even if it reached 100K. For someone like me, Cashing out is not an option. Yet, if you are one of those to whom the forum gods have been kind enough to stack whole number BTCs, don't forget to sell some part at some point and enjoy life the way you deserve for your belief in bitcoin and your hard work.

Do not believe these whale motherfuckers who keep telling you to HODL. They have traded in enough and taken profits. You too should. All depends on your personal holdings, your risk profile and how much 1K USD, 10K USD or 100K would mean to you.

I also expect a dump but it didn't come when I expected it. Bitcoin just keep rising and rising. Nowadays people are still buying at this price so they all expect a even higher price.

Bull will surely temporarily stop and be corrected, but this will not dump below $15k considering lots of huge businesses acquire more bitcoin holdings. Just be ready when bear comes.

Yes it can happen again but let's hope that this time it won't happen. We can see right now that the price of Bitcoin keeps increasing and some people are waiting for price correction which is a good opportunity to buy Bitcoin.