If Bitcoin price increases suddenly. What will happen?

[TrevorS]

Unfortunately, a similar situation already happened in 2017. A lot of people got burned about bitcoin while investing in cryptocurrency in 2017 - early 2018. I don’t think that the situation will happen again, people perfectly understand the instability of bitcoin and the crypto market, they will be careful to carry money into this area. Probably before halving we will see a few drawdowns of bitcoin, perhaps until the beginning of the year, maybe there will be more panic sales, after which the price will go up to the levels of 15k - 20k +.
 

[ardentvolcanoes]

Unfortunately, a similar situation already happened in 2017. A lot of people got burned about bitcoin while investing in cryptocurrency in 2017 - early 2018. I don’t think that the situation will happen again, people perfectly understand the instability of bitcoin and the crypto market, they will be careful to carry money into this area. Probably before halving we will see a few drawdowns of bitcoin, perhaps until the beginning of the year, maybe there will be more panic sales, after which the price will go up to the levels of 15k - 20k +.
 

There's a strong chance that the market will begin to show another run after this year, news about halving most of the time creates a good sign for investors to place again there respective entries. those investors are carefully analyzing the situations they've learned from previous mistakes and won't like to experienced same thing again.

Same with what you said, investors are wisely nowadays. Will wait for new good news and observe if what will be the reactions coming from the majorities before taking any actions.

[gaston castano]

if BTC rises suddenly ALT will automatically follow it the only reason for ALTseaon is the sudden and very high increase in BTC.
of course it will have an impact on many projects, projects with low turnover or stable prices may go up because of the BTC pump

[Patrix_1]

There are two ways where we can go if BTC price increases. First of all, if BTC increases and the dominance increases at the same time, altcoins will drop dramatically. Secondly, if investors would switch to altcoins, we would have another altcoin season.

[MMA Rats]

If Bitcoin starts to rise sharply, then it will be very good for the cryptocurrency, but there are doubts about alts, because they can both grow and fall from the growth of Bitcoin

[hirngespenst]

If Bitcoin price increases, investors will be investing again in reputed coins and startup projects. But not every wise investor will go for ICO. As you can see, successful ICO projects failed badly to give profits since 2018! But this is true that many investors will be back in crypto investment again. Bitcoin price falls mean the whole crypto market falls. Whales can buy from the dip, but many investors feel disappointed by seeing BTC at a lower price.

[Shasha80]

I am very confident with the large potential of bitcoin, if the bitcoin price increases suddenly there will be positive changes. Like the increase in investors who will invest in bitcoin, but the end of 2017 will not happen again now investors already understand that the price of bitcoin is volatile. What follows will be many ICO / IEO projects with the rising price of bitcoin. But for investors must be careful in choosing projects because there are many scammers who are greedy to take advantage of rising bitcoin prices, by making fake projects. But the occurrence of bitcoin price increases suddenly my estimation will happen in 2020 because I saw a BTC halving moment in May 2020. We'll see just keep going on about the development of this bitcoin price.

[alan2here]

if BTC rises suddenly ALT will automatically follow it the only reason for ALTseaon is the sudden and very high increase in BTC.
of course it will have an impact on many projects, projects with low turnover or stable prices may go up because of the BTC pump

Bitcoin increase will help a lot of other altcoins have new growth but in order to do this, investors must tend to buy more to let this market go up. I think in this period of time, the sudden increase in Bitcoin price will be very unlikely because the bear market is still overwhelming this market so we will have a lot of investment problems.

I personally want Bitcoin to rise and hope this will happen soon this year because I am holding more than 80% of Bitcoin and this is considered my only investment this year.