Bitcoin will drop to 20k is not time to buy btc now

[k@suy]

I think bitcoin is still possible to go down to the $20K level in the future, but not for now. Price increase are still possible at this time even though the market appears to be experiencing a correction. There is still a lot of support from institutional investor at the moment and therefore I don't think bitcoin price will drop below $40K any time soon. Some information says that Tesla sold some of the bitcoin they owned between January and the end of March and those are some of the reason why the correction occurred. I believe only big sale will bring bitcoin down to $20K.

Any possibilities are possible in bitcoin or in cryptocurrency due for being a volatile of a market. The thought that the bitcoin price may drop down to $20000 is possible however it may take time to happen this way again.
What I mean was the crypto market now has already a huge investors in the community and this investors are one of the reason for being the strong resistance of any crypto happen.

[Kittygalore]

What you share has no basis, it's only based on your personal opinion but I'm not saying it's impossible.

Actually, I'm doing the same, I'm waiting until bitcoin will drop, and then I will not anymore miss the opportunity to buy.
Let's not follow or ride the FOMO, there's always a good opportunity and that is when there's a huge panic.

If you don't have a bitcoin that you currently hodl, I implore you to get some right now so at the least if the prices go up, you still have some bitcoin profit to get in compared to waiting to an uncertain event and it didn't happen and you didn't get anything out of it.

[Lorence.xD]

What you share has no basis, it's only based on your personal opinion but I'm not saying it's impossible.

Actually, I'm doing the same, I'm waiting until bitcoin will drop, and then I will not anymore miss the opportunity to buy.
Let's not follow or ride the FOMO, there's always a good opportunity and that is when there's a huge panic.

You never know what happens next maybe the price won't go where you want it and you can't buy bitcoin because it continues to go up so you end up not riding the hypetrain because you waited for an opportunity that never came, just get in.

[elisabetheva]

You never know what happens next maybe the price won't go where you want it and you can't buy bitcoin because it continues to go up so you end up not riding the hypetrain because you waited for an opportunity that never came, just get in.

Obviously everyone will not know what will happen in the future and I can agree with you, but if it is about bitcoin, maybe we can analyze from the habits that have been done by bitcoin itself, although maybe the analysis can be much different but at least there is a handle for used as a guide.

yes, obviously it is difficult if you don't have large capital at this time to be able to buy bitcoin in full, most of which can be done with a number of fractions. but rather than not being able to enjoy the increase that might occur in bitcoin, it's better to buy in installments

[cryptomaniac_xxx]

You mean buy now even at a correction level is still a bad idea?, where are you from man?, i though buy at correction should be encourage than at bull-run. If bitcoin price drop to that level you predicted @- $20k, what "%" do you think we will be talking about?, it's better to wait for the 30% most of you predicted.

I think bitcoin is still possible to go down to the $20K level in the future, but not for now. Price increase are still possible at this time even though the market appears to be experiencing a correction. There is still a lot of support from institutional investor at the moment and therefore I don't think bitcoin price will drop below $40K any time soon. Some information says that Tesla sold some of the bitcoin they owned between January and the end of March and those are some of the reason why the correction occurred. I believe only big sale will bring bitcoin down to $20K.

When the price hits $47k in the last couple of weeks, it made me think that everything is really possible. However, if we see the price goes to $100k, I doubt that we can see the price sinking to $20k, there are a lot of support lines along the way, so I doubt that we can see that price again.

So let's hope that $100k will come first before $20k. And now that we are back to being bullish, let's hope that we won't see the price that low again.

[Fatunad]

You mean buy now even at a correction level is still a bad idea?, where are you from man?, i though buy at correction should be encourage than at bull-run. If bitcoin price drop to that level you predicted @- $20k, what "%" do you think we will be talking about?, it's better to wait for the 30% most of you predicted.

I think bitcoin is still possible to go down to the $20K level in the future, but not for now. Price increase are still possible at this time even though the market appears to be experiencing a correction. There is still a lot of support from institutional investor at the moment and therefore I don't think bitcoin price will drop below $40K any time soon. Some information says that Tesla sold some of the bitcoin they owned between January and the end of March and those are some of the reason why the correction occurred. I believe only big sale will bring bitcoin down to $20K.

When the price hits $47k in the last couple of weeks, it made me think that everything is really possible. However, if we see the price goes to $100k, I doubt that we can see the price sinking to $20k, there are a lot of support lines along the way, so I doubt that we can see that price again.

So let's hope that $100k will come first before $20k. And now that we are back to being bullish, let's hope that we won't see the price that low again.

We cant really remove the probabilities since we know that this market is way too unpredictable even though we can presume out that its way too far to go that far down then
you would really be worry if you do see the price is dumping again and its true that on the time bitcoins price hits up on that 47k low then there are people whom do really think
that it might be possibly we can see some another low price but its not a guaranteed though because basing off with strong supports then there are lots which are sitting beyond 40k-50k price
So its less likely that we can really see to go back 20k but dont expect or do make out some guarantee.

[leea-1334]

If you don't have a bitcoin that you currently hodl, I implore you to get some right now so at the least if the prices go up, you still have some bitcoin profit to get in compared to waiting to an uncertain event and it didn't happen and you didn't get anything out of it.

No need to implore, just let people do what they want:) What you are suggesting is good if you want to invest in crypto. Just go in on BTC, small buys done many times regularly better than timing a big buy during a dip, dollar averages has worked out great for a lot of people including myself. Stress free and it is Bitcoin! No other alt beats it!

[Jating]

If you don't have a bitcoin that you currently hodl, I implore you to get some right now so at the least if the prices go up, you still have some bitcoin profit to get in compared to waiting to an uncertain event and it didn't happen and you didn't get anything out of it.

No need to implore, just let people do what they want:) What you are suggesting is good if you want to invest in crypto. Just go in on BTC, small buys done many times regularly better than timing a big buy during a dip, dollar averages has worked out great for a lot of people including myself. Stress free and it is Bitcoin! No other alt beats it!

Yea, I think if you wanted to be a crypto investors, go with bitcoin, you can't go wrong with it. And I think this is the mindset of most newbies anyways, so no need to implore. Their only mistakes is that they think it's a get rich quick scheme, which is obviously not.

But for those who are smart and learn from their mistakes, they could do DCA or just stack sats when ever they can and then have the mentality to hold. And I agree that no alts can beat bitcoin. Alts is more of a pump and dump and the risk is too high.

[Lorence.xD]

~

Obviously everyone will not know what will happen in the future and I can agree with you, but if it is about bitcoin, maybe we can analyze from the habits that have been done by bitcoin itself, although maybe the analysis can be much different but at least there is a handle for used as a guide.

We could probably analyze but given that this years graph is different from the past, I think that it will be difficult to be certain when you want to predict or analyze the next movement of the market.

[NeverSop]

Buying BTC now is extremly risky.This is a bubble what we see now.  Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
 

Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
but is good time to buy altcoins that can make you x2-5x

I agree, this is the best time to pump money into altcoins to enjoy great profits.  x2 is still quite modest during this bull run season.  ADA, TRX, EOS, ETC, ... all bloomed this week.  For investors with poor capital investment, why not accept the challenge to generate greater benefits?  But I am against the prediction that BTC will drop $ 20k, it will be $ 85k by the end of Q2. Trend continues to support bitcoin.

[Sled]

I don't think so that bitcoin will drop at $20k again. It is most potential now. But you're right that investment on altcoin is wiser decision. Most of the altcoin is pumping in huge amount. If I back to bitcoin, every time is suitable to enter this market.

No, and you can't be sure of that. Just like thinking the possibility of Bitcoin will reach $100k (someday), that could be the same that it will reach back at $20k, who knows exactly, isn't it?

Well, I know people are so bullish during this time, not surprising for me. But, I'm not also surprised to hear them crying in vain when they lose because the price dumps without being noticed. No, as long as we can't sure about the next thing...it will remain possible. Should you care about preparing yourself then?

[dunfida]

I don't think so that bitcoin will drop at $20k again. It is most potential now. But you're right that investment on altcoin is wiser decision. Most of the altcoin is pumping in huge amount. If I back to bitcoin, every time is suitable to enter this market.

Everyone shouldnt really make some struggle or do have doubts on whatever decisions they would come up with depending on the current market condition.
If you are longing for 20k in bitcoins price then this might happen or not and no one could ever precisely predict it out.If you do tend to wait then you are just
wasting up your time since this might take a while and since you are longing for profits then its sensible to take action towards altcoin investment
rather than just waiting into something which is nearly impossible to happen.

[fadhilz123]

Buying BTC now is extremly risky.This is a bubble what we see now.  Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
 

Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
but is good time to buy altcoins that can make you x2-5x

You say Bitcoin will drop to 20K because of the history in 2017, right?? But you forget that the peak price at end of the year, so your statement that said not the best time for buy is wrong. And you should know that no bubble in Bitcoin,  a lot of people just sell their Bitcoin and make price dumped massively

Remember that the Peak price in 2017 is the best, the dip price this year, this scenario will always same that's why the price of Bitcoin keeps increasing.

[STT]

Its fair to say there is a bubble in everything because of such dilution of the worlds main global reserve monetary base.   Without defaulting or some dramatic effect I dont see how we dont continue to see weak currency and inflated prices in many asset classes.   I dont think its a stable thing but we have to judge which will last best over time and fair best vs this volatility, since Bitcoin is global it has a fair chance in this.
   20k is about half the 200 day average, it can happen but anywhere between 30 to 20k would be very stretched and likely to rise again after much like the 2017 peak fell and rose many times.   I always think of a bouncing ball and its reducing pattern on every bounce, you can still be bearish within that but we arent that likely to go back to 20k and just stay there and I dont think we'd even fall that low currently as there is not the climate for such a pullback to suddenly occur.

[kawetsriyanto]

You say Bitcoin will drop to 20K because of the history in 2017, right?? But you forget that the peak price at end of the year, so your statement that said not the best time for buy is wrong.

I also think what the OP said is totally wrong. However, he has the right to deliver his prediction. If we consider the current price of Bitcoin, $20k is too far and likely hard to achieve. We know that the price of Bitcoin can decrease massively but it shouldn't drop with a huge number in a very short time, it must take months and need process. Moreover, if the price of Bitcoin can reach $100K this year, then the bottom rate of Bitcoin in the next bearish is likely above $20K.

[ice098]

I also think what the OP said is totally wrong. However, he has the right to deliver his prediction. If we consider the current price of Bitcoin, $20k is too far and likely hard to achieve. We know that the price of Bitcoin can decrease massively but it shouldn't drop with a huge number in a very short time, it must take months and need process. Moreover, if the price of Bitcoin can reach $100K this year, then the bottom rate of Bitcoin in the next bearish is likely above $20K.

We have our own predictions and speculations about cryptomarket and especially when it comes to next moves of bitcoin market, either it it dump or pump.
But thinking that bitcoin market exchange rate will dump or drop to $20000 was possible but impossible to think for me whenever i see the market demand of bitcoin today.
I am very much positive that the market demand of bitcoin will continue to rise and will give also a positive feedback to the bitcoin market.