Topic: I doubt Bitcoin will dip below 20k again - page 8. (Read 1865 times)
I think you might curse it saying such things, the peak to trough last time was 16% so maybe speculate on that. If equal we'd see 4600 as the low in similar low sentiments which is always possible as people can withdraw money especially an economy not growing which is a different consideration to inflation imo. The main deal is I dont think we are seeing the end of volatility just because price rises regularly like this, its done in a short period of time as others have noted which means despite the appreciation of price it can also be unstable negatively too afaik.
Okay, so here's what we are hearing now, the words "institutional investment", I hope you guys are correct that bitcoin will not dip again like what we've witnessed in 2018, for me, I am not so convinced yet because most of the time we are wrong when predicting the movement of bitcoin after it hit an ATH.
I thought before it will not dump $10,000, lots of experts were saying but it did happen and I witness a worst market as not only bitcoin dump but more on the altcoins market which made me lose some of my investments.
I thought before it will not dump $10,000, lots of experts were saying but it did happen and I witness a worst market as not only bitcoin dump but more on the altcoins market which made me lose some of my investments.
No one knows how Bitcoin price will behave. Just call to mind some Bitcoin predictions. How many of them came true?
In 2017 people were sure Bitcoin would never be bellow $15 or $10K.
Well, bitcoin is still a volatile market as it is in 2017, we will never know. But the influx of institutional investors will be different, maybe the prices will stabilize but I believe that it will still dip below than the given number. We have to be cautious, greed blinds people and in turn you might not see a trap in front of you. Always look at the history, it can repeat if we haven't learned a thing about it. In 2017 people were sure Bitcoin would never be bellow $15 or $10K.
I agree that due to the reason that there's significant money from institutional investors, that a drop in price would most likely be less dramatic as what we had in 2017-2018 simply due to them being less likely to be affected by FUD and panic(compared to most of retail investors).
It's retail investors (including early adopter whales) who would be providing the supply for a steep correction, not institutions, so the FUD and panic angle may still be relevant.
Long term holders tend to sell at this stage in the cycle, and they are selling to institutions: Long-Term Holders Are Selling BTC: Why This Is A Bullish Signal
The way I see it, institutions aren't buying in just so they can sell into the first dip, especially huge investors like Microstrategy and Ruffer. In fact, Grayscale investors are subject to a 6-month lockup period where they can't sell at all. That's why institutions aren't selling.
When institutional demand is too large for the OTC market, it spills onto exchanges, with brokers like Coinbase executing algorithmic orders across lots of exchanges to fill client positions. So the question is, if/when tens and tens of thousands of retail BTC hits spot exchanges, how robust will those buy algorithms be? Will they keep price from dipping more than a couple thousand dollars, or can we get a classic 30-40% correction? It all comes down to liquidity when the dump happens.
the possibility of BTC returning to $20K again is a bit unlikely, the whale is currently pushing bitcoin prices to the top to break the new ATH
Nah, $20k is still in the range of a sharp dip. We're still not far from that figure. Bitcoin could have more than 50% sharp correction from it's last highs. Though judging from the current movements, it seems that the possibility for Btc to go beyond the $30k mark is within the reach.
Btc is bound to reach the 6 digit figure, but before reaching such figure, a lot of corrections will happen.
Remember, there are a lot of investors who easily panic when Btc starts declining.
$20k is just an arbitrary figure, just like $15k or $10k, and it doesn't mean much unless you have a bit more of a reason than "institutions have it". You do have to wonder if all the super rich are now investing more heavily in it because funds are buying it on an industrial scale and they are much less likely to ever need to spend it in future - this reduces circulation. Is reduced circulation a good thing for a currency in the long term, as it might limit the practical uses for it in daily economic transactions.
No one knows how Bitcoin price will behave. Just call to mind some Bitcoin predictions. How many of them came true?
In 2017 people were sure Bitcoin would never be bellow $15 or $10K.
In 2017 people were sure Bitcoin would never be bellow $15 or $10K.
the possibility of BTC returning to $20K again is a bit unlikely, the whale is currently pushing bitcoin prices to the top to break the new ATH
A dip from 1,200 to 750, how it happened few years ago, would now mean, Bitcoin would dip from 26k to 17k again, very unlikely. In addition, Bitcoin price dipped imediately last time when reaching the last ATH from 2014. Right now, we are already well above the last ATH (20k). Bitcoin is much more bullish than last time.
I would not speculate to hope for a big dip. People have waited for it since 22k, since 24k and since 25k and no dip happened.
Even though situation is quite different now compared to previous bull run, I think that BTC dipping below 20k might happen exactly because no one thinks that it will drop so much. If I remember correctly, barely anyone expected BTC to dip sub 3k after reaching that old ATH, and we all know what happened.I would not speculate to hope for a big dip. People have waited for it since 22k, since 24k and since 25k and no dip happened.
Big players will want to acquire more cheap BTC and how else to do it other than dumping the price and buying from weak hands. And to do that effectively, they have to do it when no one expects, they wanna catch people with their pants down. As someone said, all we need is 30-35% drop to go below 20k, and if we know anything about BTC price, we know that such drops are always the possibility.
In the end, BTC dropping sub 20k is not a bad thing at all, it should be seen as an opportunity to acquire more.
Too many institutions and big money behind it now!!! Whats everyones opinion explain?BTC
At the current price? still possible though, but it we went $30k, $40k then it will be very hard t see the price dipping below $20k, unless we went into another year of bearish market with a lot of negativity and FUD around.
This has been the case in 2017, after reaching all time high, the market suddenly went into bearish. But currently we are not yet in the bubble so if we continue to be very bullish till next year then unlikely to see the price < $20k and we have to thanks those companies who saw bitcoin as a opportunity or a hedge.
Too many institutions and big money behind it now!!! Whats everyones opinion explain?BTC
For more than 11 years bitcoin price continued rising based on pure adoption and individuals who keep buying bitcoin. Nothing has changed in that regard. Price will continue going up as individuals adopt bitcoin, but as the number of individuals grow, institutions jump on board so that they aren't left behind. In other words they are now playing catch up instead of contributing to the rise itself. 
Too many institutions and big money behind it now!!! Whats everyones opinion explain?BTC
While it's unlikely, it is still possible if too many people decided to cash out with the new ATH.
Yet, I expect to see Bitcoin price at $30 000, not $20 000
I'm more curious what will be Bitcoin dominance in the next month or two. 
Now the price of bitcoin is already $ 26,780. In recent days, it has been growing very quickly and it is already difficult to predict something here. Of course, its price is unlikely to fall in the near future, however, in general, we can see the price of bitcoin below $ 20,000 more than once. The arrival of institutional investors in the bitcoin market has significantly strengthened the price position of bitcoin, since small investors are poorly predictable in these matters.
Everything can happen to bitcoin price. Perhaps, after it reached the highest price temporarily, the price will adjust to the lower price, and we might see the price will get a flash dump to happen in the market. But perhaps, the flash dump will not happen too often and too long because the price will be back to the last current price. If you see the bitcoin price get drop too deep, you can buy more bitcoin if you want as you will not see that thing happens too often in the future. But right now, we can see more opportunity for bitcoin price to break $27k-$30k soon.
No one can predict what will happen next with Bitcoin. Looking at the present trend and the amount of money being invested it will go up but it will also go down as there are investors who will be booking profits. But, it is hard to say where will it land when it goes into red.
This is the same mindset I have learnt to adopt when it comes to Bitcoin or anything cryptocurrency — Nothing is so certain that it can't be doubted — that axiom is apt here. Yes, quite a lot has changed in the pattern of investment with institutions coming in but these institutions are also handled by humans too who can be erratic in decisions taking. Until there's a law banning institutions from offloading their hodlings as and when due, I don't think we can bet on that; that there won't be a dump if institutions decide to take profit.
I haven't stacked enough. More annoyingly, I haven't stacked as much as I could have. I think those of us who were going to retire early have been decided. Time to congratulate those who flipped their Alt-coin gains at the right time.
The institutions are in on it so it is quite difficult that traditional finance will find itself challenged by bitcoin anytime soon. Which means that the rest of us will have little choice but to continue being wage slaves.
Do keep in mind though that this is not the ATH. The 12K-15K levels that you (and I) wished we stacked more at, will soon become the 25K-30K levels we wished we stacked more at when the next cycle comes.
The institutions are in on it so it is quite difficult that traditional finance will find itself challenged by bitcoin anytime soon. Which means that the rest of us will have little choice but to continue being wage slaves.
Do keep in mind though that this is not the ATH. The 12K-15K levels that you (and I) wished we stacked more at, will soon become the 25K-30K levels we wished we stacked more at when the next cycle comes.
I agree that due to the reason that there's significant money from institutional investors, that a drop in price would most likely be less dramatic as what we had in 2017-2018 simply due to them being less likely to be affected by FUD and panic(compared to most of retail investors). But still, to go below 20k all we need is a 30% drop, which is always always possible.
From $27,000 to $20000, it will need a fall of 26%. You are right with the 30% drop will break the support at $20000.In the last 2 weeks, news media only have FUDs on altcoins and it is a long time since the last FUD attempt on bitcoin. All growth has its corrections so it will happen with support from FUDs. I believe institutes actually need corrections to buy bitcoin with cheaper price. Part of the market is on their hands and they can create a game for their investments.
Yes, I think it is possible but I hope it won't happen until the second week of new year.
I agree that due to the reason that there's significant money from institutional investors, that a drop in price would most likely be less dramatic as what we had in 2017-2018 simply due to them being less likely to be affected by FUD and panic(compared to most of retail investors). But still, to go below 20k all we need is a 30% drop, which is always always possible.
I agree with this, Bitcoin is now backup with better companies and bigger institutions. There might be drop but it will not go less than $20K. Before the year ends, price will rich $30K and a bit of correction will happen. Though, the decision will be still based on the whales, they can easily manipulate the price.
Everyone have free to drop their prediction or think about what is possible to the bitcoin in the next coming weeks if you doubt you can sell the bitcoin that you have and take the profit because other people do that to safety their money. Having doubt is normal but if you are really believer and you do a research you believe that soon that it will rise more.
No one can predict what will happen next with Bitcoin. Looking at the present trend and the amount of money being invested it will go up but it will also go down as there are investors who will be booking profits. But, it is hard to say where will it land when it goes into red.
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