Is 2021/2022 going to see a huge boom and crash like 2017 and 2013

meanwords

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Quote from: Alexander Severus on December 22, 2020, 12:53:46 PM

This is what happened in 2013 with boom to $1000 Bitcoin followed by huge crash to $200 Bitcoin, and in 2017 boom to $20000 Bitcoin followed by huge crash to $3000 Bitcoin.

I really can't see any massive dumping happening in 2021 because compared to 2017, there was a huge scam events that happened in the past that completely reversed the trend of the market. Right now, we have the support of institutional money and more keeps on coming so I really doubt that there's going to be another 2017.

Casdinyard

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Quote from: Husires on December 22, 2020, 01:15:56 PM

Conditions and circumstances that were in 2013 are not the same in 2017 and certainly the situation will be completely different from 2021. The year has become volatile and we will not see what happened in 2017.

The flow of money will make the market capacity larger, and thus entering billions will not change the price, meaning that we will witness more stability, so that a 50% rise or crash becomes a dream that will not be repeated.
It will happen over longer of several years, but it will not happen within one year

But the nature of volatility will still remain, and is still obvious so I guess there is a possibility still. But there's no certainty to when will such thing really occur, or how long will such thing happen. It could be longer or for a shorter period of time, no one just know. The market price could also continue to increase which is quite less likely to happen because that's how this market behave in the first place. At this moment there is a decline already being seen from its ATH recently, but such thing won't simply dictate the future of the market price of cryptos. Possibilities or chances do not equate with assurance, right? Predicting or speculating for the following year doesn't make any sense I think. The market will move on its own.

oktana

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$40K is quite achievable, but then, such topic/discussion is only brought mostly when the prices are doing well(You wouldn't ask if the price has been dipping lately); so we have this believe that once it starts going up, it'll continue going up, forgetting that we could face red charts.
Though, I think $40K is a bit too sudden, let's not conclude on its price and just keep remaining optimistic.

veznata

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we all know what will most likely happen-big prise rise within 1-2 years. personally I expect at 50-100K or even more. correction will happen afterwards, it is inevitable. almost surely you will not sorry if you decide to hold your btc's for 3-4-5 or more years because price will most likely be much much higher than today's. the wise move will be to sell and buy back again at dips. we all talk about high prices etc. but remember at this levels it will not be that easy and quick to exchange for cash(liquidity problems), country regulations-you will need to prove identity to withdraw, country fees for your profits. it would be much better if BTC was accepted the way dollar is but we are probably at least decade away from that.

shield132

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Personally, I think that it's still a huge boom that we see bitcoin's price higher than 20K at the moment when pandemic kills economics and fiat currencies lose their value, in time when people try to sell most of the things in order to satisfy their daily needs. I think bitcoin succeed at this moment, when everyone was leaving, bitcoin came stronger. It means a lot, at least for me and from this situation, I think that halving + all the things that happened after covid, including still rise in price, paypal's implementation of crypto services for 2021, etc etc... Will cause bitcoin's price to rise higher where the skies end. I think we will reach 50K USD or maybe 100K, but strongly believe in 50K USD price rise.

Wysi

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We are already in the situation wherein people are investing into Bitcoin in FOMO, this year's bullrun has been bit different than the previous one as we have not seen so much surge in the value of altcoins which was not the case in 2017. As a well wisher of bitcoin I always wish for prosperity of bitcoin but I know it's not practically possible everytime and we are hardly one dump away from panic selling period which might push Bitcoin into bearish market. We cannot predict it at this point of time.

dondonk

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it might happen. As already described, so that a conclusion can be drawn, A large value will be directly proportional to a large risk. Falling prices for example. It's just that we don't know when it happened.

20kevin20

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I really expect that to happen, honestly. It always looks like once a crash begins, everyone jumps into the hole and starts throwing their BTC away. I take this as opportunities though, although last time this happened I did not - and I regret it.

Quote from: BrewMaster on December 22, 2020, 02:17:24 PM

no, i think we are going to see an even bigger one this time.

if you think about it you can see that each time this cycle repeats there are more people who join in compared to the previous one. for instance the first one wasn't as big as the second and the third cycle was a lot bigger.

That makes sense if we look at the numbers OP put up: $1k to $200 is 5x lower; $20k to $3k is almost 7x lower. If that's the case and next crash would be ~10x, then just imagine $50k to $5k. Would be insane.

passwordnow

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Possible if the basis is the cycle that happened in the past. The question is, are we going to see another cycle by next year and two?
Possible. The crash or massive dump is likely to be on 2022. But it's all just a speculation and we're always have the idea that volatility could come to bitcoin at anytime. Just like what it did lately.

BrewMaster

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no, i think we are going to see an even bigger one this time.

if you think about it you can see that each time this cycle repeats there are more people who join in compared to the previous one. for instance the first one wasn't as big as the second and the third cycle was a lot bigger.
now that people know this happened in the past and so far from 2017 to today has been very similar you can be sure that all of them know that the future will look similar too so when they join in the end result will be a lot bigger.

bekti3

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Quote from: Alexander Severus on December 22, 2020, 12:53:46 PM

Do you think we are going to see a huge boom market to something like 200k Bitcoin in 2021 or 2022 followed by a gigantic crash to something like 40k Bitcoin?
I think this is very much possible.
This is what happened in 2013 with boom to $1000 Bitcoin followed by huge crash to $200 Bitcoin, and in 2017 boom to $20000 Bitcoin followed by huge crash to $3000 Bitcoin.
Some people speculate cycles are related to Bitcoin halvening events which happen every 4 years so it would fit the pattern of history if this is what happens.

if we talk about one pattern with another, of course it will seem very irrelevant, because we can see that the current boom with the 2017 bitcoin boom has different tendencies in terms of movement. the proof is that the current halving event cannot be expected to exceed $ 21,000, in fact it actually makes bitcoin even more unpredictable. For the coming year, given the dwindling supply of bitcoins, miners will be narrowing down their land to one another, resulting in a scramble for the miners. It is clear that the price of bitcoin has an effect from year to year. and will increase.

dothebeats

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This is highly possible considering that we have had several movements like this in the past, plus the money has to flow outward somewhere when people have started collecting their profits just like what happened in 2017-2018. It’s not as if people can accept that they are rich in numbers only; they have to convert it to something more readily accepted for them to purchase something.

Perhaps if bitcoin is big, like merchants are accepting it fully, people won’t have to cash out and its value would always remain the same—or would only go higher.

acener

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No I don't think that it would be the same event just like 2017.
I think that this time it would stay high and there are possibilities that it could continue to grow.
We now have many company accepting it more people are going to recognize it and use it so I think that the demand and the price wouldn't go down again.

RapTarX

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Don't call it crash, say it surviving phase of the HODLER Wink

It's very possible to have such pull back after a significant pump, in fact, a significant pump always followed by a huge dump. That's what we have been observing since the beginning. I don't expect it to reach $200k neither, nor it will be $40k anymore once it hit $200k. For now, I guess $10000 will be the lowest.

cryptomaniac_xxx

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Quote from: Alexander Severus on December 22, 2020, 12:53:46 PM

Do you think we are going to see a huge boom market to something like 200k Bitcoin in 2021 or 2022 followed by a gigantic crash to something like 40k Bitcoin?
I think this is very much possible.

Definitely, as you have said, historically this market is a boom and bust cycle, others says that we have this kind of 4 year cycle.

Quote from: Alexander Severus on December 22, 2020, 12:53:46 PM

This is what happened in 2013 with boom to $1000 Bitcoin followed by huge crash to $200 Bitcoin, and in 2017 boom to $20000 Bitcoin followed by huge crash to $3000 Bitcoin.
Some people speculate cycles are related to Bitcoin halvening events which happen every 4 years so it would fit the pattern of history if this is what happens.
And once Bitcoin hits ATH many people seem to get FOMO

But if you have been in the 2017 boom and 2018-2019 bear market then at least you have learn from a lot from that experience. And be prepared from such eventually of seeing another bearish trend after the bubble has been burst in 2021 or 2022.

Husires

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Conditions and circumstances that were in 2013 are not the same in 2017 and certainly the situation will be completely different from 2021. The year has become volatile and we will not see what happened in 2017.

The flow of money will make the market capacity larger, and thus entering billions will not change the price, meaning that we will witness more stability, so that a 50% rise or crash becomes a dream that will not be repeated.
It will happen over longer of several years, but it will not happen within one year

KonstantinosM

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Quote from: Alexander Severus on December 22, 2020, 12:53:46 PM

Do you think we are going to see a huge boom market to something like 200k Bitcoin in 2021 or 2022 followed by a gigantic crash to something like 40k Bitcoin?
I think this is very much possible.
This is what happened in 2013 with boom to $1000 Bitcoin followed by huge crash to $200 Bitcoin, and in 2017 boom to $20000 Bitcoin followed by huge crash to $3000 Bitcoin.
Some people speculate cycles are related to Bitcoin halvening events which happen every 4 years so it would fit the pattern of history if this is what happens.
And once Bitcoin hits ATH many people seem to get FOMO

You should think in terms of probabilities.

It's completely possible for a big exchange such as coinbase to be hacked. It's also possible for the US government to crack down. How likely are these scenarios?

I'd rate coinbase hacked as 80% possible to happen within the next 4 years with a 10% chance we'd have enough decentralization that the price effect wouldn't be a crash.
I'd rate US government crackdown at 10%

So, the possibility for a crash in the next 4 years is something like 80-90%

And the possibility for recovery in the next 4 is 90%

That's the way I'm going to place my bets anyway, I'll be waiting for that next dip to buy some more and if the price goes to 100k, I might even sell a little bit.

Alexander Severus

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Do you think we are going to see a huge boom market to something like 200k Bitcoin in 2021 or 2022 followed by a gigantic crash to something like 40k Bitcoin?
I think this is very much possible.
This is what happened in 2013 with boom to $1000 Bitcoin followed by huge crash to $200 Bitcoin, and in 2017 boom to $20000 Bitcoin followed by huge crash to $3000 Bitcoin.
Some people speculate cycles are related to Bitcoin halvening events which happen every 4 years so it would fit the pattern of history if this is what happens.
And once Bitcoin hits ATH many people seem to get FOMO

Topic: Is 2021/2022 going to see a huge boom and crash like 2017 and 2013 (Read 167 times)