Bitcoin Forum

Before the great crash of 2018, the total market cap on the Coinmarketcap site was slightly above $800billion. Specifically, according to that data, it stood at $815,596,371,956 from snapshot taken on December 17, 2017 with Bitcoin at $19,140 and an overwhelming dominance of 71.5%

Today, being January 2, 2021 Bitcoin zoomed passed $31,000 pushing the total market cap to $824,684,567,217 with a 70.5% dominance. Yet, it doesn't still look like the market is going to be slowing down any time soon. The year got started on a great pedestal. 2021 is certainly going to be that year when people will constantly be checking their apps for market prices.





I am far from thinking that the market will experience a crash now. But then, that's my thought. I could be wrong. What do you guys think?

I highly anticipated a crash in the market around holidays which should have opened up some space for people like me to buy some coins and wait. But then again it's BTC , never fails to astound us. The market didn't just maintain the price but at the same time is doing really well. Thus I do believe that bitcoins right now can either:
1. Crash around the first week of January
2. Stay stable and show all ups and downs , whilst crashing after a considerable amount of time.
Now as we already know the pandemic is far from going. Vaccination is there and there are countries where people are already getting it, so the BTC market is the only one that I know of which have actually held the ground stable for the investors so I wish it could stay that way for a longer period of time at least till pandemic ends.



- that's the whole point. We can be all wrong and the maker can crash any second or even choose to climb. There is no one literally who knows about this. ::)))

Checking apps and wallets is a must in 2021. They don't want to leave $ 1 in their wallet. an aggressive for the better. where besides that we have a duty to continue to disseminate updated information to those who are not familiar with bitcoin as a whole. and it is very important to increase the adoption of bitcoin and attract the interest of many people to continue to know bitcoin.

BTC was struggling after 2017 pump and people were busy spreading news as it is slowly going to die, Due to Covid-19 last year many thought it is all set to end but BTC overcome every tough phase and went over the moon and now it's heading towards 35k.

Now BTC has been hot topic across the globe and people are coming with different predictions, it is proving again and again as worth Investment.

I had some screenshot from 2017 too. Remember on 2017 when people were saying this project will fall and price will fall down bellow 100usd. Time after time more coins and tokens were added to the market and the marketcap increased this is a huge progress we can see in the market. Maybe soon after a few years bitcoin will reach 500K price and we will remember at 2021 in the history.

I believed during that crash on 2018 it was the moment people doubted bitcoin that dubbed it a bubble and a years passed bitcoin proving doubters that bitcoin is the real deal especially this year that really created an uproar  and price surges that everyone never imagined it would this high bitcoin has reached so far. Bitcoin has still more surprises on his sleeves as we just 3 days of 2021.

There is no reason to crash, demand is getting higher and higher, supply on crypto exchanges is decreasing more and more, and this year by all indicators should be much better than last (in economic terms). Some things we are used to are obviously no longer happening (corrections), and now we are witnessing a big bull run that has no end in sight.

As long as large investors buy, the price can only go up, and the question is whether at some point the price will become too high for them? I don't think that will be the case, because they have a huge amount of money and it won't be a problem for them to pay a price several times higher to get what they want.

People who want to get money but feel fear of bitcoin crash will end their adventures differently.
- They can stay outside the market forever. Always and only wish or hope that price will fall to price they want but they reject opportunities when it comes and knocks their doors out.
- They decide to join at peaks, at temporary all time highs with FOMO investors and shake hands when crash happens.

They all are not belong to bitcoin market (never join or join and exit in short time).

The same thoughts here. When Bitcoin finally crashed its old all time high and created a new record, I was thinking it will have a hard correction right after. But then when it didn't and instead shot very fast past $22,000 then onward to $25,000 and then to $30,000 almost without a worrying correction along the way, I was on the thinking that this is a totally different bull run. That was also based on several news that a large company here and a wealthy businessman there are putting their millions to Bitcoin. There might be no more hard correction until the 1 trillion market cap is hit.

It's good to see bitcoin back on it's feet with a stronger force this time. Most of the expert traders predict bitcoin to have a stronger bull run this time and will push bitcoin ATH to a greater level in 2021.
We can even see bitcoin crossing $50k this year because the technicals are that strong. With this being said, in my perspective, a correction is waiting for more people to join in the bull run.
The history shows us that every bull run is followed my many corrections or one large dump. We don't want the latter to happen this time and a corrections will most probably take place soon IMO.

This clarifies one things that Bitcoin will not repeat 2018 as Bitcoin has already resisted the danger zone period of year end when bear run started in 2017. I feel there is still a long way to go and this would be the year of bitcoin, I had negative impression initially and assumed price will go down but I was wrong and the best part about this would be new investment as everyday we hear about Bitcoin in news articles.

The bitcoin market has become more mature with institutional investors buying bitcoin and not easily swayed to panic sell and they are constantly accumulating bitcoin.
Even a correction that occurs pulls the price slightly and a rebound happens in a short time to recover the price above $31k, it still persists quite strongly.
seems that massive sell orders can't beat the demand, hence the price may going sideways for a while.

I agree with you that this year is going to be the best year yet. BTC has started strong and the correction it experiences now is absolutely necessary to continue with its uptrend.

Even with this correction, BTC has stayed above 30K, and this goes to show that things will only get better. You're right, at least is what some people like us think. BTC is not over, it's setting a new course.

Well, it looks like this year is going to be a great year for BTC. I wonder if this was what people felt back then during 2017, I wasn't really in the know, though I did hold on to a few altcoins back then. I honestly expected a correction at the end of the year, never expected the market to just bulldoze through that. Now I can't help but have positive notions for this year of Bitcoin, after all, I expected multiple corrections from the time it broke through the ATH of 2018 to date, but it never really happened. I'm still watching out for a huge correction, but I'm almost half expectant that this year is BTC's year.

I wouldn't say it will crash hard, but for the next 12 months we might see some pullbacks along the way. We have seen it already and then recovered to $32,500 but seems it goes down again in the last couple of hours to $30k. It seems that we are going to see the price fluctuating in the  $30k-$35k this month. Nevertheless, I'm not used to saying that we have seen a correction when the price is at $30k.  :). That's price is want we are 'dreaming' before, now it becomes the support.

A crash can happen at anytime. Despite of a strong and healthy uptrend, nothing can ensure that bitcoin price will not reduce or experience a black swan in a next few week. We have seen bitcoin price drop about $6000 on yesterday.

However, it is also a good opportunity for anyone of us to buy more bitcoin since the price of bitcoin is currently too high. Buying bitcoin below $30000 surely give us a fair enough profit. But you need to act fast. The market will not wait for you. Otherwise, you might lose the chance.

That is because you are either expecting a massive crash and a long bear market while calling that a "correction" and since that never happens in a bull market you don't see your expectations ever.
Or you are just looking at the end result of where the price is after each step is finished instead of looking at the charts so you are missing all the corrections that have been happening for the past 3 years.

You could be wrong and all of us will do the same. Nobody thought also that $33,000 has to reach, the same as I think that we hardly touch $25,000 from scratch to a very expensive crypto coin in the market but it was given the chance and here we are now.

Well, that be in a short stay, we are getting over for that highs and slow down a little bit. I tried to speculate that it might go down below $20k.

I think that's exactly when we can expect crash, when large investors decide that price is too high for them so they dump the price in order to buy cheaper BTC from weak hands and those short term speculators/gamblers that are just into this for a quick profit.

Though I don't expect crashes as big as before as market is more mature and stable than before ( at least I like to think that) due different type of investors holding BTC, but it will nevertheless happen occasionally. Not that I am much fussed about it as I also see it only as an opportunity to acquire more BTC.

Been talking about those not riding to ride the wave while it is low, hope they're doing fine.

I've been talking about it since the price hit its lowest this year and if they immediately buy at that price range, they are having a profit 10x their money. But I do feel them as we never know what will happen. I don't even think that it will fall immediately as the price is still going strong, maybe after some correction, we might see the price rise at $40K.

Can we please stop with all the comparisons between the 2017 crypto market and the current market. ;D
2017 was a completely different time for Bitcoin and the cryptocurrency markets in general.The 2017 Bitcoin bull run was caused by totally different factors,than the factors causing the current bull market.
Yeah,I know that the 2017 ATH price and the current ATH price are historical events for Bitcoin,but we should be more focused around the future of Bitcoin,because the best is yet to come for BTC.

I don't think any crash would happen either, judging at how Bitcoin has been moving this few days. I have seen Bitcoin jumping back and forth hundreds of dollars from $34,000 down to $29,000 and vice versa. That only means the demand are still there even with the high price. Investors kept on buying Bitcoin as they were overwhelmed with what Bitcoin have reached today. Though some short traders and weak hands are dumping, but it doesn't have a huge effect on Btc's price.

last day when i check the price it was 34k usd , that was at january 3 2021 but now we are at 30k something . 4k is a big loss to me and it just as equivalent to a crash . whats worst is that the price seem to be stuck and it looks like it was even going down more , omg no please but i beleive on the power of bitcoin  .

bitcoin wont let me or everyone else down .  btc dominance is lower now than compare to where it was 4 years ago but why we have a bigger price now ? hhmm

Is it just me or having gone through the ICO craze and 2017 ATH makes you mellower as you get older in the BTC ecosystem? I am not checking prices constantly, at least not as much as I used to back in 2017 trying to catch some 10X, 100X with an Alt-coin like everyone else kept saying that they did.

This whole thing has now run away pretty fast from the reach of common people. Those who make money in crypto now are either already very rich or those with the technical know-how to launch products. The first  category is sure to make money if they know where they are putting money. The second may or may not make money depending on how big they get. In that sense, crypto is now just another way to "hustle".

Truth be told, I was only trying to be modest with my comment that I could be "wrong", actually I believe "I am far from thinking that the market will experience a crash now." The reason I stand by that is my 2017 experience. If anyone cared to check the historical data of 2017 you would notice how Bitcoin rose steadily all through that year until Dec 17 (4th quarters) before Bitcoin began its descent. We are just in the first quarters of 2021 (which is another post halving year). It's not as if we wouldn't have corrections here and there in 2021 but it isn't going to be a crash anytime in this first quarters.

It's the result of your years of experience that has got your emotions under control now.

If you read the whole content of my comment, I stated there that Btc is literally jumping hundreds of dollar back and forth, and I won't say it's a crash. $4k might be a huge figure, but If you consider how volatile Btc these days, $4k doesn't seem like a huge figure that you'll identify as a crash. Instead, that's just a correction as always expected during this bullrun, since there are actually a lot of people that are expected to sell their bags.
Btc's price wasn't stucked. Take a look at the market, Btc is still very volatile that it will literally gain or lose a thousand dollars or more in less than 30mins.

It is not that bad to hope for the better unless we are prepared when it didn't meet our expectations.

Bitcoin can really reach $50k this year but it is not a guaranteed thing that it will surely occur and we don't know when this bull run will last.

But they said that "most of the expert traders", maybe they are really confident about the things that can happen in


Technical Analysis these days are really much effective that's why there are a lot of people who buy bitcoin at a price of $19k.

In 2017, I bought my first batch of bitcoins at 6500$ Today, that investment is worth 30,000$+ Dollars. And I’m not the only Indian to have benefited from the bitcoin really over the last few years.

I was worry of bitcoins when I first learned about them from a friend’s Facebook post in 2016. For two Month's, I argued with my friend about the shortcomings of the cryptocurrency. For the longest time, I thought it was some sort of a ponzi scheme. In hindsight, I am glad that I eventually had a change of heart.

What cryptocurrency did is something interesting. It helped me contextualize my life, it opened new semantics for many a business idea. I could now connect dots and see the common strand of all the ventures I did earlier

There are really lots of happenings that have occured ever since that year of crash way back 2018 after the prosperity of reaching its first recorded ATH on the late months of year 2017. Right after the crash that have caused many people who have invested on Bitcoin peak price have suffered on great loss and become impatient and doubt the capability of Bitcoin to rise up once again which makes them pull out or withdraw their investments just to save up their balances for greater losses. Now that we are in the year 2021, wherein Bitcoin have attained new ATH breaking through $30,000 price mark, people are already anticipating and foreseeing the possibility of a bubble or correction to happen just like what have happened way back 2018. Many people are believing that this year will be a great year for Bitcoin which is a good indication of having high hopes but still we must be open for any possibilities that may come if it will continue to rise up or the other way around.

This, really, is a milestone. The total marketcap, according to data from coingecko actually crossed the 1Trillion mark today with Bitcoin hitting $36,994. It's a wow moment for the crypto industry.

https://i.imgur.com/x3a4kNz.png

I think there will be people who cannot buy bitcoin because they have limited money to invest and prefer altcoins. If you realize the Treding searches on Coingecko and Coinmarketcap are for altcoins. All these elements are useful to know the preference of the people as well as the trends of the exchanges.
Fortunately for Bitcoiners we are having a good time, the important movements of 2020 are taking effect.

Normally during off days or non- working days or specially during holidays, the price normally goes down.
But this time BTC played completely a new character.
Rather going down it went up and up. Still it’s increasing and now the price is freaking crazy.
I don’t think market will crash until and unless Bitcoins touch 50k USD Mark.
Let’s wait and watch how far we will be lucky.

The festive period did affect the price but this case was different, in as much as Bitcoin is visible to more and new investors in the industry, Bitcoin value is going to be rising and more demanded, recently news in the BBC news about the high spike in Bitcoin some few weeks ago makes the masses be aware of how Bitcoin had been benefitting the early investors, so the more visibility the more demand, the more rise.

And now it already reaches the coinmarketcap with trillion which is amazing for the world of crypto and a great thing for the community. https://www.coindesk.com/cryptocurrency-market-value-record-1-trillion
The year 2017 and this year are quite different and it won't get back to $10000 because a lot of people are now being attracted to the community because of the value of it right now. A good move for the investors who grab the opportunity when the value of bitcoin goes down up to $3900 and did not do panic selling.

A paused Bitcoin price rally has increased its probability of undergoing a major pullback, as per independent analyst Vince Prince. The TradingView.com contributor said Monday that there is a 35 percent chance that the Bitcoin price falls in the coming sessions, citing a textbook technical indicator that foresees bearish reversal patterns. :)

I hope that too. If the correction happens, I hope that the drops will not be too deep, so the price can increase and break the other higher price. I like the bitcoin price movement because the price does not jump too fast, and the increases try to slowly break the highest price. And many of us amazing to see how bitcoin price moves. I expect to see bitcoin price can break $40k because I think that will be the next target of bitcoin price before it will reach $50k.