Parabolic blowoff top or Rounded top

[Wind_FURY]

OP has a point, “expect the unexpected”. Because there’s also some probability that Bitcoin’s expected “double blow off top”, a “single blow off top”, or “a rounded top” could be replaced by a continuing surge. After the pandemic in 2022, what does everyone predict would happen? I believe more BRRR money printing. Then what does Bitcoin do?

I am not sure if we will have that kind of money printing ever again. Don't get me wrong I am not saying that everything is alright now, there are still a lot of troubles in the world but I just do not believe that we are in a situation where it is as much of a problem as people think it is.

We are going out, sure we still have a mask on in many nations and states but we are going out, we stay in cafes and drink with friends, we eat outside, we shop outside, we go to work and basically we do everything we used to do except maybe we wear a mask while doing it that's it. This will make governments not give any money to people at all, they may still print money, just to give it to their rich friends but that's about it, they will not be able to convince themselves to give money to poor people ever again.

I’m 100% confident that there will be more situations of BRRRR money printing for 2022, not helicopter money for the people affected by the pandemic, but to bail out failing corporations that are currently being affected by the pandemic.

[hugeblack]

Frankly, I would not be surprised if Tesla, Microstrategy, or even Grayscale sells at the end of this year, but the question can be determined where the top will be. Personally, I see that any target above $10,000 is considered a top and it is dangerous not to sell at that top, and therefore an 80% correction will lead us to the previous percentage. It is 20%, as the price has never been said below that level.

Generally, the higher the price above $10,000, the higher the probability of an 80% correction.

[Wind_FURY]

Frankly, I would not be surprised if Tesla, Microstrategy, or even Grayscale sells at the end of this year, but the question can be determined where the top will be. Personally, I see that any target above $10,000 is considered a top and it is dangerous not to sell at that top, and therefore an 80% correction will lead us to the previous percentage. It is 20%, as the price has never been said below that level.

Generally, the higher the price above $10,000, the higher the probability of an 80% correction.

Frankly, I believe you’re wrong, especially with Microstrategy. Do you actually believe that they bought Bitcoin to simply trade it back to fiat like some of the plebs like us in the forum? Plus why would they wait until December and panic sell like the plebs? They should be selling NOW.

[jostorres]

Frankly, I believe you’re wrong, especially with Microstrategy. Do you actually believe that they bought Bitcoin to simply trade it back to fiat like some of the plebs like us in the forum? Plus why would they wait until December and panic sell like the plebs? They should be selling NOW.

I fully agree that microstrategy will not sell, they are fully invested into bitcoin and believe that is the path to becoming super wealthy and successful for them. I also think that tesla and grayscale will not sell neither, they made a good enough return from them to not care about what is going on, hell it dropped a lot and even recovered so they have a newly gained respect towards it once again.

In short, anyone who could afford that much bitcoin would never consider selling it because they are making insane returns on that, why would you want to get rid of something that gave you so much money? I would buy even more if I could after seeing the results that they got. I understand that there are accounting stuff that would make it a bit harder to keep them forever but at the end of the day you could hire few more people and keep the profit while making them handle all the extra paper work.

[teosanru]

Will we get a parabolic blowoff top or a rounded top or top already in?

I think we will get an underwelming rounded top at around 75k maybe around early 2022.

Those slimey institutional types are going to tap the bloody brakes and will try to front run exit us normies.

I think blow off is going to be even early than that, I don't expect us to break the all time high honestly until we will break the all time high, currently whales are making sure they market look like it's the most bullish time to ever invest in bitcoin and once they are done with this and people form a bullish opinion about bitcoin they are going to sell off some big chunk to catch the Bulls and take away their money, this has been quite a trend now, at 29k, they made sure people think market is bearish and can go even low and now they are doing the entire opposite of that thing.

[hatshepsut93]

Frankly, I believe you’re wrong, especially with Microstrategy. Do you actually believe that they bought Bitcoin to simply trade it back to fiat like some of the plebs like us in the forum? Plus why would they wait until December and panic sell like the plebs? They should be selling NOW.

If everything plays out well, Microstrategy will never sell all their coins, but it's expected that they will be taking profits from time to time, what's the point of investing if you never sell? And if they will use Bitcoin directly to purchase something, it still counts as "sell".

[STT]

Fiat sell could just be a means to an end there, I dont know how bullish they are but if they intend to keep forever then thats doesn't preclude the idea of selling.  Of course everyone has bills to pay and for most circulation of currency is done via dollar, they might be predicting a transition away from that process such that they no longer have to sell in order to meet liquidity for costs, etc.
  Selling to dollars to reduce housing debt is really a fair thing to do, multiple assets classes is the normal strategy for an investment portfolio and the reason volatility in BTC is feared is that it unbalances that idea.   
  Right now action is quite steady, we might be breaking through a more important area here which is the spring lows to the highest range of BTC that surrounds the ATH.   If we do see a break through then the OP question becomes more relevant.

[Wind_FURY]

Frankly, I believe you’re wrong, especially with Microstrategy. Do you actually believe that they bought Bitcoin to simply trade it back to fiat like some of the plebs like us in the forum? Plus why would they wait until December and panic sell like the plebs? They should be selling NOW.

If everything plays out well, Microstrategy will never sell all their coins,

WHEN everything plays out well not IF. How long must the protocol keep running until everyone accepts that Bitcoin will not be going anywhere?

but it's expected that they will be taking profits from time to time, what's the point of investing if you never sell? And if they will use Bitcoin directly to purchase something, it still counts as "sell".

HyperBitcoinization. Some investors don’t think the same as plebs like us. Ask yourself, “why did Satoshi invent Bitcoin?”

[RealMalatesta]

Fiat sell could just be a means to an end there, I dont know how bullish they are but if they intend to keep forever then thats doesn't preclude the idea of selling.  Of course everyone has bills to pay and for most circulation of currency is done via dollar, they might be predicting a transition away from that process such that they no longer have to sell in order to meet liquidity for costs, etc.
  Selling to dollars to reduce housing debt is really a fair thing to do, multiple assets classes is the normal strategy for an investment portfolio and the reason volatility in BTC is feared is that it unbalances that idea.  
  Right now action is quite steady, we might be breaking through a more important area here which is the spring lows to the highest range of BTC that surrounds the ATH.   If we do see a break through then the OP question becomes more relevant.

I do not think that it unbalanced that idea at all. I have been a fully all-in crypto investor for years, and for the first time ever in my life I am considering other investments as well, how? All thanks to the money I made in the crypto world, without that income I wouldn't have been possibly considering anything else. Of course, this situation helps bitcoin as much as it hurts it as well. How does it help bitcoin?

If I had nearly nothing at all and moved from there to consider a real estate investment (just a small plot of land that's few thousand dollars, nothing major) then it means we should be all considering bitcoin as a savior of poor people, I had only few dollars in my bank account when I first came in here, and I made a living plus put money aside in thousands (living in a poor nation that means a lot) all thanks to bitcoin. But, the hurting part is the fact that I still want to diversify eventually and get other stuff too.