People tend to be greedy on a bullish market when the fomo take place, projecting higher price expectations and refuse declining prices to a certain degree.
The reason bitcoin obtain all this attention started with the Pandemic, then the halving happened, afterward the government print so much money, subsequently to the dollar depreciation which causes institutional investors buying bitcoin. So, if the Pandemic end and the dollar recover and the time for investors take the profits, it will be the time for a big correction. However, we don't know how big it will be, but I would say $15k as the bottom.

Sometimes we win and sometimes we lose in the trading battlefield, therefore everyone must develop a strategy to avoid losing or at least losing streaks.
Learn how to read the market, trend analysis, % profit, cut loss, money management, and risk management, the knowledge will minimize the possibility of losing trades, especially in the crypto market, where bitcoin isn't the best option to obtain the biggest profit if we compare with some other coins but it remains the king in the market and possibly the most reliable coin to invest in 2020.

Most of us here have sold a portion of our bitcoins, it would be a really bad idea to sell it all but it may the case if you are worried there will be a major correction occur in the near future since bitcoin keeps increasing to reach a higher peak. We have prepared if something like that might happens, and been waiting since $22k - $23k - $25k and now $27k but the time still hasn't arrived. Whoever buying bitcoin at this time must be institutional investors, large corporations, and extra wealthy people who see bitcoin as the potential to hedge their funds.

No one can give an exact prediction for 100% but we can say the probability exists and considerably enough to reach more than $27k in 2021.
But there might some corrections on the way, it just not seen yet, even the last pullback only dropped to $26k which has turned into the new support level so far.
We should wait and see how much the next correction will bring down the price of bitcoin, some say the rally will last until mid-January or push it to $35k, and the bear market will take over at that point until March, any case is good for me, sell and buy back in the dip.

The world is not over just because some of your friends don't want to buy gold nor bitcoin in current condition, people have been struggling to maintain their life during the Pandemic, buying bitcoin and gold is out of the question, they have to buy basic daily needs to survive. Economic conditions in every country may be different let alone different continents, so we can't expect everyone to agree with our opinion. As long as you have told them and give the advice to buy bitcoin, then your role is over if they don't want to involve.

Whoever buying bitcoin at $27k certainly not ordinary people without any planning for the future, they are institutional investors, high net worth individuals (HNWI), big companies, and traders with different plans, whether to get profits in a short time or intend to save it for the long term. Although it's not the best entry-level, we can't complain about the current price to get back to $4000 again, if no one buys at $25k, bitcoin can't rise to $27k, if no one purchasing bitcoin at $27k, it won't increase to $28k, so on and so forth, do you expect it to stagnant at current price and decline? do you think $27k is the limit for bitcoin? Of course not, which is why people continue to buy bitcoin even at the current level.

Altcoins have slightly increased in the market right now, such as 5% xrp, 10% eos, 14% eth, and 15% BCH. The question is, whether it's the start of the altcoin rally or just a small retracement. Bitcoin has some strong support from institutional investors and big companies as well as several well-known coins such as eth, bch, xrp, ltc, and zcash https://grayscale.co/digital-asset-investment-report/ but for the most altcoins driven by retail investors and traders, the trading volume and value movement really quiet compare to major coins mentioned above, probably following bitcoin to increase as the part of the market but will fall harder than bitcoin, even after xrp news people in fear caused more panic and most altcoins also dropped up to 40%.

This year is different from what happened in 2017 due to covid-19 that led institutional investors to invest in bitcoin but there is no guarantee there won't be any downtrend in the next few months. In fact, many people have sold bitcoin when it reached the ath but it turns out bitcoin price keeps increasing to hit a higher level, $28,3k as the new ath and normal correction to $26,5k at the moment. The only concern is; when are those institutional investors intending to sell bitcoin?

Bitcoin doesn't trigger central bank collapse, it's the recession as the main reason that may cause it. As long as the country standing still despite having a lot of debt, the central bank still has the power to print fiat currencies. Bitcoin is an alternative digital currency that is gradually changing its role towards hedge funds. Institutional investors, high net worth individuals and others who have so much money want to preserve their financial value as the result of fiat currency depreciation, hence switch to bitcoin as a reserve asset but it won't cause central bank collapse either way.

Not a bad idea, but enter the market at the ath probably not the best choice.
If you want to invest in cryptocurrency, you have to do your own research, bitcoin, eth, and litecoin are the best coin to invest in so far, not to mention many other altcoins or defi that might offer good returns but it's something that you have to do the due diligence.
You can check https://www.tradingview.com/ for any investment you may be interested in, read the review and predictions of top authors there, very unlikely that someone will continue to be 100% correct but at least you'll get the point.

This is one of the considerations that influence their decision since the government printed so much money that causes depreciation when the Pandemic started.
Most of the stocks also encountered a decline, many people lost their jobs, things did not work as it should which produced tremendous losses in various sectors, and the result is investors losing their money, so they are looking for a better investment that could multiply their funds in a long term, especially after halving in this year.

Buy and hold probably not the best strategy in trading, but consider it the safest way compared to scalping which may bring more profits by the end of the day.
However, most people don't know how to do scalping, to buy and sell at the right time not the other way around, in a volatile market and many predictions to confuse you, especially at the current market condition that provides very few pullbacks to give any occasion to make a profit for day traders.

at the current price of $27,4k if a major correction occurs, say 30%-35%, then the price will fall below $20k.
Bitcoin still on the bull run, but when the time comes, there should be a correction at some point, we don't know for sure if some bitcoin whales will dump bitcoin when it reaches $30k which cause a panic sell for retail investors dan traders, and miners are one of the whales out there. What if some of the institutional investors planning to take profits as well? Although we don't know precisely what their plans are, we just need to be prepared for anything that might happen.

just woke up and was surprised to see that bitcoin price took a big leap from $25k and reached $27.5k in one day, set a new ath at $27,7k so far.
bitcoin achievement has exceeded expectations, we thought bitcoin would not have time to reach this point in this year and it turns out that the market continues to move in a direction that many people doubt. Yes, many said bitcoin can't reach $25k by the end of the year, let alone $27k, but now the next target should be $30k, who knows if bitcoin still be able to reach that goal in the next 4 days.

That's right, bitcoin development is so sluggish and we know what are the reasons cause it.
Bitcoin is open-source, everyone can contribute to the project and provide good quality codes but any other core developers have to agree for that to be implemented which takes a short time but mostly take forever. Nonetheless, there are many contributors who have contributed to bitcoin code, more than 300 people, you can count it yourself at https://bitcoin.org/en/development#spec

Do not invest in something that you don't know how it works and what is the potential in the future.
Even in stocks,  people have to do due diligence before choosing one that might bring profits,  nothing for sure but we take the chance by calculating the probability. The same thing applies to bitcoin, learn the market and what are the factors that drive it, then calculate the probability of whether it can reach $50k in a certain time frame or not.

Maintain our bitcoin to not sell all at once is important, prefer to sell a small portion whenever the price spike like +$1000 in a day.
Who wants to buy bitcoin at the ath? Obviously, not small traders, let the institutional investors and big companies lead the way and stick to your prediction.
Take a look at the fear and greed index

indeed, the rise of bitcoin this year was started during the covid-19 Pandemic, at first people thought the price will drop even further because people will cash out in order to hold cash but it turned out the other way around. Then the government printed so much money to sustain and stimulate the economy that results in a depreciation of the currency value, hence the institutional investors started to look at bitcoin as alternative reserve funds.

Bitcoin is on a different level compared to stocks, its growth over time is impressive, yet the volatility may hit harder when the time comes.
If we think about institutional investors and traditional payment companies adopt bitcoin as one of their options to bet on for the future, why they want to do it?
Probably the same reason that we have all the time, could it be the future of an alternative payment for fiat currency? a question to be answered by time.

Officially surpass $25k
bitcoin still struggles to maintain its position though, but we can say it another milestone as the new ath.
There are 5 days before the end of the year and many things can happen, whether it will continue to rise up or the other way around.
However, some predictions and the market indicate the rally still on track until January 2021.