Price of BTC might go down - page 2.

serjent05

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Quote from: hearttt on January 10, 2021, 12:31:43 PM

iam agree with you i think BTC go to 50K then some correction then again go to moon . but iam still waiting for 50% correction .

50% correction isn't a correction but a price crash which I think is possible but not in a short span of time and i believe it is not happening anytime soon. It might happen when the dominance of the Bitcoin market started to fall.

Quote from: Asuspawer09 on January 10, 2021, 12:08:35 PM

I mean correction and drops are actually healthy in the bitcoin market and just like what happened with the continuous pump of bitcoin up to 40k$ obviously people are expecting a correction already.

Indeed correction brings a window of opportunity to the investors to join the market and it enables people who sold to rebuy and join the market again.

hearttt

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iam agree with you i think BTC go to 50K then some correction then again go to moon . but iam still waiting for 50% correction .

Asuspawer09

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Quote from: kentrolla on January 10, 2021, 05:37:27 AM

One of the top analyst who predicted BTC might go to 40k now says 50% of collapse is possible in near days, before few months he stated BTC price might rally at least 300%, on the other side JP Morgan says there are possibilities for 100k till the end of the year So what's next for BTC?

Many people are desperately waiting to buy BTC in cheap price especially big whales because they are the one of want to fill their bags, I am curious to buy at half price from now.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/analyst-who-nailed-bitcoins-40000-level-says-50-collapse-could-come-next-140051309.html

I mean correction and drops are actually healthy in the bitcoin market and just like what happened with the continuous pump of bitcoin up to 40k$ obviously people are expecting a correction already.

And with that kind of ridiculous pump in the market price of bitcoin, we could really expect that when the whales sell their investment soon because of the higher price of bitcoin it will be a big dump because of the high leap of the market price of bitcoin.

50% is kinda high for some because for sure a lot of people want to invest in bitcoin and it's a lot more popular than before but it is still possible but for sure investors are gonna reinvest easily when the dump happened.

serjent05

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Well, everything is possible in the crypto space, but with the current surge of the Bitcoin market, I am ought to believe a correction in the coming day. I wouldn't say it will be a price crash because the hype is still there. The market sentiment is still bullish and the Bitcoin 4-year cycle is yet to be completed. Regardless, we should invest in utmost care especially when the market is surging because we will never know what will happen next.

plvbob0070

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Well, all I can say is that any of their or our predictions may come true as there's always a possibility and we can only tell that once we reach that point. There's a chance that it might go down to 50% but even the so-called expert at analyzing the market can still fail with their prediction so we should not be afraid since it will be a good opportunity for us to buy more bitcoin. Nevertheless, one thing for sure is that the price of bitcoin will go down, we just don't know when and how big it is in the future.

AniviaBtc

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Quote from: khaled0111 on January 10, 2021, 10:58:49 AM

Just because his prediction that bitcoin will reach 40k was right, doesn't mean that all his predictions are going to be right too.
There will be a correction. This is evident but no one can tell when it will happen or for how long it will last. In the linked article, we have two completely different predictions from so-colled experts. One expecting the price to fall by 50% and the other expecting it to hit 150k by the end of the year. So, which of them we should believe?!

Bitcoin is really unpredictable and if you are playing with your strategies and predictions then it is really hard to tell when to make the best transactions.

Some people are selling immediately because they are too scared that the price might go down due to the manipulation of big companies or big investors. That's why we need to adjust depending on what will happen next in the bitcoin run, if it will still be in a bull run or it will now under go bearish market.

Making predictions based on the market facts, important factors, investors, volume, and etc., will really help us to have an exact point on when to sell depending on our favor.

panganib999

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Quote from: khaled0111 on January 10, 2021, 10:58:49 AM

Just because his prediction that bitcoin will reach 40k was right, doesn't mean that all his predictions are going to be right too.
There will be a correction. This is evident but no one can tell when it will happen or for how long it will last. In the linked article, we have two completely different predictions from so-colled experts. One expecting the price to fall by 50% and the other expecting it to hit 150k by the end of the year. So, which of them we should believe?!

Bitcoin is a decentralized and unstable coin. Many people might be right about its prediction regarding the price or value. Yet I also believe that not all of its prediction will going to be true. Bitcoin today might be showing a rising and falling value but I guess no one can say a accurate journey of its value. Bitcoin is one of the best and most earned crypto tody because ot the hype that was created. Bitcoin became a more big deal thing as we enter 2021 because it achieved a lot more opportunities and specifically its new high time. Bitcoin might go down, but might go up for double. Who knows? Bitcoin is unstable and unpredictable. Just enjoy and happy earning.

khaled0111

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Just because his prediction that bitcoin will reach 40k was right, doesn't mean that all his predictions are going to be right too.
There will be a correction. This is evident but no one can tell when it will happen or for how long it will last. In the linked article, we have two completely different predictions from so-colled experts. One expecting the price to fall by 50% and the other expecting it to hit 150k by the end of the year. So, which of them we should believe?!

john_nautica

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Wow a 50% collapse is pretty high, I am sure that it will create a chaos to the newbie investors if this will happen especially if the newbie investors were not able to sell their bitcoin at the ATH. There are many predictions but as we know predictions are not accurate as bitcoin price is very unpredictable but it has a downside because bitcoin price can be monopolize.

Big whales are the main players to bitcoin price value, let's see if they can push it through to $100K without a big collapse. Once the bitcoin price will collapse, I am pretty sure the other currencies will surely to follow. Let's just hope that it will happen as I like to see the peak of bitcoin price again.

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Quote from: Bitstar_coin on January 10, 2021, 08:45:09 AM

I don't doubt the fact there will be correction at some point but no one knows exactly when this is likely to happen, if he says might crash 50% from current price that means we are looking at around 20k, if this happens many buyers will be waiting to scope more btc after seeing the recent performance and probably the demand might even push price upward.
Btc crash always takes alts along Roll Eyes

When the price drops 50% towards $ 20k the alt will drop as well. Many expect prices to fall drastically and many also expect prices to continue to rise.

To hit the $ 100k mark is still halfway there, but it won't be easy. To reach ATH just took 2 years.
Currently, many companies and institutions are entering bitcoin, let alone bitcoin breaking the ATH record in the $ 40k area, Bitcoin has become a topic of conversation around the world which has made bitcoin more popular.

Sterbens

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I may be one of the people waiting for bitcoin prices to fall, because I feel like having bitcoin back at its current price is still very traumatic for me when 2017 had ethereum

.
there may be a chance of returning at a time that is quite appropriate and stable, unlike now.

DooMAD

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It might, but don't believe everything you read. Basically, we live in an era of extreme sensationalism. The people who make the most outlandish claims tend to attract the largest audiences. Unfortunately, such people generally don't tend to face any repercussions for this. When people realise there aren't any consequences for over-embellishment, it just emboldens them to make claims that are even more preposterous. A 50% drop is possible. I've certainly been around to witness larger plummets than that over the years. But I wouldn't say it was likely at the moment, given what we're seeing in terms of demand. And even if it did happen, it certainly wouldn't be the end of the story.

Bitstar_coin

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I don't doubt the fact there will be correction at some point but no one knows exactly when this is likely to happen, if he says might crash 50% from current price that means we are looking at around 20k, if this happens many buyers will be waiting to scope more btc after seeing the recent performance and probably the demand might even push price upward.
Btc crash always takes alts along Roll Eyes

bassbity

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almost a month of rise in bitcoin can not be said to be normal anymore, a big correction really just makes us believe that the price will fall for a while if the demand of whales and miners is reached. Then from, in order to gather more power and do the pump, I we can't turn it off at 100%.
here we are all dilemma between yes touching $ 100,000 or even vice versa. JP. Morgan is constantly researching and the bitcoin market today 2.60%

Question123

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The movement of the bitcoin is unpredictable and anytime it possible to collapse and your money will down to but anytime big pump also because people keep buying bitcoin and I would to say to everyone who hold the risk is always there and anytime your money will gone but it is also chance to rise that is possible only to happen to your money now and better to accept the risk as soon as possible.

maculeth

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of course, it's no secret that bitcoin prices are staggering. can suddenly rise high and vice versa. now the situation is, bitcoin is at its highest peak, can it go down tomorrow? it could be, now there is a price drop, yesterday it was still $ 41k now it's $ 38k. it's just that it might not drop suddenly, or maybe it could go up even higher.

btc78

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Quote from: kentrolla on January 10, 2021, 05:37:27 AM

One of the top analyst who predicted BTC might go to 40k now says 50% of collapse is possible in near days, before few months he stated BTC price might rally at least 300%, on the other side JP Morgan says there are possibilities for 100k till the end of the year So what's next for BTC?

Many people are desperately waiting to buy BTC in cheap price especially big whales because they are the one of want to fill their bags, I am curious to buy at half price from now.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/analyst-who-nailed-bitcoins-40000-level-says-50-collapse-could-come-next-140051309.html

He Might be Good n Predicting positively but may a Failure in Negative one , and Besides He Only predicted the 40,000$ but others also predict 50,000 in which closer to be reached these days .

I am Not that Believe in this prediction unless we Reached the 50k level then fall may happens but not 50% because Investors who Bought Bitcoin in the Hype are those who can afford to Hold their Bitcoin even if some Dumping happens.

But I may also wrong since This is just what i think according to my own analysis considering how the Investments happen last December when the value is really climbing High.

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Quote from: gurunanakji777 on January 10, 2021, 06:48:11 AM

Honestly speaking I don't trust so called crypto experts in my opinion this market moves only when there is a demand. Yes, It it drops 50% in value from now most of the traders will be interested to buy bitcoin. But in the current scenario of the market Btc is quite strong and it seems it will continue its rhythm further. We all know price is quite high according to the trend indicators market is in overbought position still bull has strength in it so due diligence before taking any step.

These self-proclaimed crypto experts are just like us. Whatever they give us as their prediction are just mere speculations. They are also human and they can also make mistakes with their assumptions. And it is true, if it will drop down to 50%, many will take advantage of the market, because we will go up again. The adoption these days is different 3 or 5 years ago. As we are still battling this pandemic, a lot of people and even institutions realized about its potential to really grow in the digital payment sector.

Coin_trader

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The price chart of BTC is currently sideways when using a lower timeframe, It just that trader is currently undecided on the next trend but I'm still bullish since the 40K significant price is still strong since its a new territory and bears can easily destroy if bearish will be the new trend but the current price chart shows us that bulls still in control for maintening the current price.

FYI, I'm holding my BTC in Binance Dual Savings as I'm writing this statement to be fair. Wink

gurunanakji777

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Honestly speaking I don't trust so called crypto experts in my opinion this market moves only when there is a demand. Yes, It it drops 50% in value from now most of the traders will be interested to buy bitcoin. But in the current scenario of the market Btc is quite strong and it seems it will continue its rhythm further. We all know price is quite high according to the trend indicators market is in overbought position still bull has strength in it so due diligence before taking any step.

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