Topic: Will Bitcoin even crash more than 20% in 2021? (Read 368 times)

Bitcoin already dropped by 17% a few days ago on Monday. It recovered quickly so it was not a big deal. Crashing more than 20% would just take us back to where we were a few days ago. Even dropping by 50% would still put us above the previous all-time high of nearly $20k. It is not something that worries me. It's only a matter of time before $100k. A big drop would only delay the inevitable.

20% for such a highly volatile asset is not a big move. Therefore, it is likely that this year we will see not one rollback of 20%, but several at once (with breaks for growth, of course), but at the same time the price of bitcoin as a whole will grow.

90% of prediction experts in the world cannot answer this question.

All predictions go wrong, Bitcoin in 2021 makes people wonder this mystery has not been solved, until when and when.

New history in 2021, happened to Bitcoin this time, not the same as in 2017, Bitcoin this time is beyond everyone's expectations, can only see the next development, this is the game round which is in progress of 20k, 30k, 50k, 100k, or 500k, no one has answered for now, which is clearly moving and moving on.

I don't expect the next fall in bitcoin price to come sooner than we think. But I'm sure accidents will happen. I hope everyone is ready for that and that's normal because bitcoin is a very volatile asset.

Panic will ensue as people continue to dump bitcoin at low price. Maybe because of that you should always be vigilant and careful. 20% is probably a big percentage, but it's very rare with bitcoin. The whales' involvement in it will probably deepen the percentage drop.

We really do not know what will be the next movement of the bitcoin is either rising or dumping that is two only two possible to happen this year. Crashing bitcoin in the percentage of 20 is bad and I do not want to happen that because it will cause for sure more dumping because they panic and I do not want to happen what happen in the year 2018 and we can prevent to that happen.

I wouldn’t agree that crypto exchanges don’t have enough BTC to still cover all needs, you forget that BTC supply is measured in millions, not hundreds of thousands. Also, the higher the price, the more tempted the owners are to make a profit - and I believe that some long-term stored coins will enter the market soon.

As for your question about a possible 20% correction, I think it is possible for more than that to happen at any time. If someone at one point set sales of several hundred thousand BTC to several top crypto exchanges, it would bring down the price by more than 20% - which does not mean that the market would not recover.

I will answer your last question like this: how can you talk about the end, and the bull run has just start

I think bitcoin can be crash after reach a high peak this year. We already see that happens since the price start rally in a few weeks ago. I do not know if the crash is a big dump that can happen to the market, but that could be possible to happen this year or next year. But I guess the price will increase more before the price drops, and I think the price is already down before. If you can see what was happen to bitcoin after it reaches $40k, the price is down to $38k, but the price is back to the high price, and now the price is on the way to increase again.

From about $40k, if we will fall by 20%, it will be about $32k, which I think is possible to happen.
We are now down to $37 as we speak. But it may go up again, who knows?
BTC market is very unpredictable as it can go down or go up by 5k in few hours.
If you are scalping, this is also a good time to strategize to get profit in short period of time.
We are not even half of this month, and we are already in the roller coaster ride.

I have the same thinking and opinion we are caught by a big surprise by this big pump that we are thinking if there is going to be a big crash at the end of the tunnel, I hope the market stabilizes and there will no crash that is going to happen along the way, we all want to enjoy the ride but we have to check if there are crash coming so we can prepare ourselves.

I think one thing playing to our favor (meaning there be a smaller chance of big crashes or long bear markets in the future) is that the price is getting so high it seems TOO HIGH for people to feel like they can get rich off of it. Even in 2017, someone with a few thousand dollars could be like okay I can buy like half a bitcoin or a third of a bitcoin and make thousands of dollars quickly. Now, for most people even in rich countries like the US, they'd be thinking wow I can only get a tenth of a Bitcoin, it's too late to make any real money. Thus they won't FOMO in, they might just buy a little here and there, expecting to make a bit of profit. Crashes come when everyone FOMO's in with more than they can afford to lose because they think they're about to get rich if they just risk it all, and then there's a blow off top and they freak the hell out and panic sell.

I doubt many people are going to FOMO in with what they can't afford these days. Most people already heard about Bitcoin 3 years ago so it's not like they just heard about this seemingly get rich quick investment. I think thanks to Paypal and whatnot, the user base will expand a lot, but with less money/risk per user in general. And institutions buying for the next 5/10/15 years will be moving the market up. Could be wrong, but I don't see the epic crashes of previous cycles happening anymore. Modest corrections here and there, sure, but 80% crashes, long term bear markets, nah. I see more steady upward climb and less volatility as institutions continue to move into larger positions in the market and retail investment expands with broad but lower risk bitcoin investments coming from them.

Part of the crashes seem to be related to people longing bitcoin tho, like if it would just go up constantly people could make billions just going long with x125.

Also you have to see, when Bitcoin is already at $40k in a way its easier, i mean just 20% more is almost $50k, 20% more of $60k is $72k.

While 20% more of 3700$ is just $4500.

The exchanges seem to be empty not holding alot of Bitcoin anymore, so there can actually be a point where fewer people are selling theirs.

Of course you always need to be cautious there is always risks. On the other hand theres so much USD capital that looks for alternative investments. Its quite a crazy situation currently. Its clearly only an investment instrument until there is much less volatility , who wants to buy something for $500 then find out the next day they really paid $600 as price keeps rising?

Man I remember some $100 purchases I made a couple of years ago with bitcoin, I paid some insane prices for things looking back

You should absolutely expect a real correction at some point. We're not just gonna keep getting 1 to 5 day 10%-20% bear traps. At some point we will get a legit correction that will last a few weeks or a month or two, and might drop the price 30% or 40%. The price very well could double before we get one, but it will happen. Even with mass institutional buys, they aren't just going to keep buying it up into a massive bubble. There will be corrections where they hold back or sell a little (and then panicking retail investors will dump as well) so they can feel comfortable getting back in and then they'll buy up all the riches the retail market just dumped on their doorstep. The floor will then be much higher and price will continue sky rocketing. Expect corrections at some point, just don't expect them to be terribly long lasting.

Most of the opinions for this bull run is going to take longer than what we're expecting. As you've said about those factors like printing of money and crisis due to the pandemic which hit many countries economy, that will make bitcoin even higher. The institutional investors are taking it seriously but many are still not aware of the existence of bitcoin. We're thinking the same that a possible crash could come but with the situation, it changed and that possible crash turns into a correction and dip which means smaller than a crash which defines bigger fall.

Well, we might see a drop, but i doubt if there will be a huge type drop like OP said 20% drop is something huge to me as the cryptocurency market has greatly increase in proportion. Without any iota of doubt there will surely be a drop which we should all prepare for but hopefully not the 20%, the few years we have experienced this fall wasn't as bullish as this year 2021, the incoming flow of institutional investors will definitely uphold Bitcoin price on a long-term.

The price is fluctuating enough for traders to make a decent earning, from $34k to $31k for example in few hours then up to $38k, it is crazy to think about it and how courageous the ones buying at this price. It is all related to people trusting bitcoin. Yes a dump might happen but I doubt we will see less than $20k again.

Behaving in a very unpredictable manner.. you mean like it has been since forever?

As for the investment vs money part, it's slowly getting there. I mostly spend bitcoin on my online spending now(both paying bitcoin directly or indirectly through a custodial service), though as for brick and mortar stores we'd have to wait longer. I really don't see the problem with converting bitcoin to fiat to pay for stuff though. If you're from Japan and go to the United States, you'd also need to convert your JPY for USD. But yet, the fact that you need to convert currencies doesn't necessarily mean that the JPY is crap or a failure.

But the exponential growth will hit a wall, that's imminent so I don't think that we are going to slice $80K-$100K like a butter, the growth will slow down.

So this could be just the beginning, breaking $20K-$40K then possible the growth from $50K-$100K might take some time. As we have seen previous crashes already, it is also important to take note that we have bounce from those crashes and then reaches new heights.

Everything can happen, it could be 20% or more or even less. Why is that? because as seen in previous years where the movement of bitcoin when it reaches a new ATH and it has been targeted, it is likely to experience a decline of 1-2 years (if you look at the trading history in previous years).

But interestingly this year there are many factors that support bitcoin to grow, I think one of them is because of the Covid-19 pandemic, which is still unpredictable until when it will be over, as well as political problems in the US in recent weeks that have weakened the dollar. of course this will also have an impact on bitcoin and gold.

I don't think that the "real world" is taking Bitcoin seriously.Maybe a bunch of companies and institutional investors are taking BTC seriously,but 99% of the people and the majority of banks and companies in the financial sector are still negative or at least neutral in regards of Bitcoin.
The Bitcoin price will crash for sure,but nobody can predict when and how much it will crash,so your thread is a price speculation and belongs to the Speculation forum.
I wish that the Bitcoin price will crash sooner.I wanna buy cheap Bitcoins before we go to the moon.

Bitcoin is behaving in a very unpredictable manner. I am amazed at how fast the price is growing and that it still didn't explode. But every few days I check the price and expect to see something like $15k, which I still think is a very good price per coin. But now that it's almost $40k, it's really crazy. I'm glad to see my small hodlings rising beyond what I would expect, but it's also sad for me that Bitcoin is more and more becoming an investment rather than money... And what's the point of having BTC is you'd still have to sell it for fiat to make use of it... I wish the adoption were rising along with the price.