When The Inevitable Happens With The Dump - What Will Bitcoin Be Worth? - page 4.

hulla

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Quote from: JollyGood on January 07, 2021, 07:44:43 PM

I think it is going to happen very soon, the dump will be happening but what will happen when everything on CMC shows red? How far will Bitcoin fall?

The dump will happen but I dont believe it will be very soon because major altcoin usually reach there new ATH price before dump happen which altcoin like ETH havent reach and I somehow agreed with you since the institution are the primary investors so theres chance for some change in the market momentum.

Quote from: JollyGood on January 07, 2021, 07:44:43 PM

After the crash I think it might settle around the $12,000-$13,000 mark before finding a way to work upwards again over a period of time.

If it normal crash it will settle at $12K-$15K but if it blood bath then we should expect it too settle at $8K-$10K.

ice18

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At around 50k - 55k this is very critical level that we can finally see a huge sell off it can be very fatal that it can bring the price 20k level or even 16k and again big pump incoming after this one so like what happened last 2017 big dump and huge huge pump.

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This move is structured differently than the previous one. I wouldn't look for a significant retracement until I don't see some serious signs in the market from a technical point of view. For now, Bitcoin is marching forward with a nice volume spike on CMEs. That's a good sign. I really don't think institutions are done buying, but that's just my humble opinion. Some people say that these numbers are crazy, but the truth is this asset is revolutionary. We have never had witnessed a currency designed like BTC. We don't know how it will be treated from a market standpoint.

ene1980

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Quote from: JollyGood on January 07, 2021, 07:44:43 PM

I think it is going to happen very soon, the dump will be happening but what will happen when everything on CMC shows red? How far will Bitcoin fall?

After the crash I think it might settle around the $12,000-$13,000 mark before finding a way to work upwards again over a period of time.

The price might easily cross over $50,000 and i am expecting further rally before the market comes crashing down and i wont be surprised if it goes below $10,000 as the institutional investors who purchased in the past few months will be booking their profits and i am expecting the fall to be much bigger than we have seen historically.

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I think it would fall under $18k because that is where the rapid increase occurred. Dump or correction as we would like to call it, stops to a point wherein the pump occurred to somewhat eliminate the rapid increase. But I am not having a valid basis regarding this speculation and I doubt there is any of us who has. The only thing we could do is to speculate. Also, possibility is always two-sided. There is still a tendency for its price to continue increasing, it is just hard to tell. So the best thing you could do as an investor is to analyze the market and to not let anyone to affect your decision regarding your investment in order to avoid regret at the end of the day. I now regret selling at an early point but we just cannot do something about things that already happened so better think as many times as possible if you are having plans at this point.

pawanjain

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A fall in bitcoin price may sound inevitable and that is what I also believe but it isn't necessary that it happens. There are many institutional investors waiting for a fall back to invest more and I really don't think bitcoin will go below $20,000 - $25,000 again. The bull rally has been going at a crazy speed which is why it is making us thing that the dump is near as the history shows us but we should also consider the fact that this time it's not the weak hands who are buying bitcoins but bigger corporations and institutions who are investing in bitcoin for the long term. This does makes a huge difference. For now we can only hope that bitcoin dumps a little so that we can join the bull run and not wait until it completely goes out of our hands until a point where it makes no sense to invest at such a high price whereas we could have bought for a very low price.

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Quote from: Upgrade00 on January 08, 2021, 04:35:24 AM

A 3 digit is impossible there are still a lot of hurdles to be passed through before we even reach $99,999, not to mention that the current available supply is steadily running low.

If we are to inspect the yearly graph of Bitcoin, we cannot determine how much ATH it could reach per year, but there's one thing for sure that we can see for us to infer that we are going up higher over the years and that is the Bitcoin's yearly All Time Low.

You can refer to this tweet:

Source

From this tweet, the All Time Low per year shows an uptrend price which could be good for us to predict how much could be the dip after the big market correction happens. The info quite lacks in years 2019 and 2020, but for this year, it could be higher than $3200 and lower than $10K. This is just my speculation, if you have other ways to tell how much the dip could be, feel free to drop your analysis.

JollyGood

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It will probably be safe to say Bitcoin price never rise to $300,000 on this bull run, for me it is impossible. Will it even hit $100,00 before 31st December 2021 - maybe. People will start getting twitchy and they will start selling soon.

Bitcoin is now trading at $41,975 according to CMC

Quote from: Kemarit on January 07, 2021, 08:03:15 PM

Depends on what will be top for this bubble, others are seeing a 6 digit rise, as high as $300k so unlikely to settle $12,000-$13,000.

And we have to know as well what will be the reason behind the sell-off to really crash the market to more than 50%. We are still in the bull market, so just a slight correction, there are many takers just waiting around the corner.

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Quote from: Upgrade00 on January 08, 2021, 04:35:24 AM

Don't you think a thinning supply would have a positive effect on the price? The less Bitcoins there are available for sale, the more demand grows against supply and the more valuable it gets.

Regarding the demand for dwindling supply, it would be difficult if bitcoin would hold on to a price of $ 17,000 or perhaps slow down a $ 20,000 resistance. but if based on the shortage that occurs every year, then the demand for bitcoin will be very large and only owned by fund holders. as much as possible owning high priced bitcoins and immediately buying them will not necessarily continue to increase, the price is expected to fall soon, and is enough to get everyone ready to scoop up the amount of bitcoins at the dumping point.

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Quote from: Lorence.xD on January 08, 2021, 04:26:44 AM

Quote from: Kemarit on January 07, 2021, 08:03:15 PM

Depends on what will be top for this bubble, others are seeing a 6 digit rise, as high as $300k so unlikely to settle $12,000-$13,000.

And we have to know as well what will be the reason behind the sell-off to really crash the market to more than 50%. We are still in the bull market, so just a slight correction, there are many takers just waiting around the corner.

A 3 digit is impossible there are still a lot of hurdles to be passed through before we even reach $99,999, not to mention that the current available supply is steadily running low. Hopefully the bull run is still going strong for at least a month or two, sell offs will soon be prevalent.

On the contrary, bitcoin becoming scarce will fuel the price to go up, correct? But yeah, a sell off will eventually happen, whether its a 50% crash, depends on what causes the crash. So far the bulls and it's herd continue to run very fast and we don't know when it's going to stop to take a respite.

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I personally do not see Bitcoin losing more than 30% of its value at this point. If it does dip now we could fall with the $25k-$28k range and if the bull run continues the support range would also rise. It all depends on where the peak is.

Quote from: Lorence.xD on January 08, 2021, 04:26:44 AM

A 3 digit is impossible there are still a lot of hurdles to be passed through before we even reach $99,999, not to mention that the current available supply is steadily running low.

Don't you think a thinning supply would have a positive effect on the price? The less Bitcoins there are available for sale, the more demand grows against supply and the more valuable it gets.

Lorence.xD

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Quote from: Kemarit on January 07, 2021, 08:03:15 PM

Depends on what will be top for this bubble, others are seeing a 6 digit rise, as high as $300k so unlikely to settle $12,000-$13,000.

And we have to know as well what will be the reason behind the sell-off to really crash the market to more than 50%. We are still in the bull market, so just a slight correction, there are many takers just waiting around the corner.

A 3 digit is impossible there are still a lot of hurdles to be passed through before we even reach $99,999, not to mention that the current available supply is steadily running low. Hopefully the bull run is still going strong for at least a month or two, sell offs will soon be prevalent.

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In a recent interview with Bloomberg Bitpay commercial director Sonny Singh suggested that if investors start selling their bitcoins earlier than planned, the bitcoin rate could fall to $20,000. And also, because institutional investors purchased bitcoin at the level of $20,000, they will not let it fall below.
But in fact, bitcoin is so unpredictable that only he can know his future.

https://www.youtube.com/watch?v=RPz9ea6fwjA&ab_channel=BloombergTechnology

Kemarit

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Depends on what will be top for this bubble, others are seeing a 6 digit rise, as high as $300k so unlikely to settle $12,000-$13,000.

And we have to know as well what will be the reason behind the sell-off to really crash the market to more than 50%. We are still in the bull market, so just a slight correction, there are many takers just waiting around the corner.

JollyGood

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I think it is going to happen very soon, the dump will be happening but what will happen when everything on CMC shows red? How far will Bitcoin fall?

After the crash I think it might settle around the $12,000-$13,000 mark before finding a way to work upwards again over a period of time.

The all time high was set just hours ago of $40,180.37 according to CMC

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