Will there be a massive BTC dump?

[jemimah_f3]

As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.

[Upgrade00]

I think there would be a correction, but it would likely be a minor one. I also agree that the seasonal cycles of pumps and dumps, would soon give way to a more matured and less volatile market; so rather than having a period of pump followed by a long retraction which lasts long with the market losing 50%+ of its value, we would experience a more balanced market with less volatility, a minor correction (<30%) would still most probably occur between spikes.

As strong bitcoin rally continues and we may see ATH soon

We would likely see a new ATH soon, but this is just the beginning of the rally, we're still not where we were in terms of popularity and hype last time the price was in a similar range, so this value is not yet exciting majority and big fomo is yet to occur. The next really could last between 6 - 8 months.
This is not investment advice. Do your own research

[MoreStamps.Global]

A correction happens every time but it doesn't happen right after the Bitcoin. Once it makes crosses ATH, it tries to touch high rather than just $100-200 above the past ATH. Here are the ATH values by year:

2013 - $1,156
2014 - $1,017
2015 - $496
2016 - $979
2017 - $20,089
2018 - $17,712
2019 - $13,793
2020 - $17,075

Well, it tries to touch high value but it may not. Let's see how it goes this year.

[jemimah_f3]

yeah, I don't see any strong reason that corrective retracement can be more than 30%(it's probably the worst scenario)

I think there would be a correction, but it would likely be a minor one. I also agree that the seasonal cycles of pumps and dumps, would soon give way to a more matured and less volatile market; so rather than having a period of pump followed by a long retraction which lasts long with the market losing 50%+ of its value, we would experience a more balanced market with less volatility, a minor correction (<30%) would still most probably occur between spikes.

As strong bitcoin rally continues and we may see ATH soon

We would likely see a new ATH soon, but this is just the beginning of the rally, we're still not where we were in terms of popularity and hype last time the price was in a similar range, so this value is not yet exciting majority and big fomo is yet to occur. The next really could last between 6 - 8 months.
This is not investment advice. Do your own research

[dotcoin.info]

As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.

Hard to tell. Everyone expected the price correction at the level of $ 15,000, but this did not happen. What will be the big question now.
On the one hand, there are factors indicating that the growth will continue, on the other hand, every time such events occur, we are faced with a correction. Personally, I am going to fix at least 50% of my assets now, and I will put the rest at no loss.

[proTECH77]

The year is approaching where many trader are worry about the way others cryptocurrencies are dumping in the market that is causing traders to lose their profit which they never wish for to happen to them in the market. The way bitcoin is rising in the market show that bitcoin will dump soon but not this year that remains few weeks to end 2020 to enter another year 2021. Many trader are trading with fear base on, what they heard from other trader that market will soon dump before next week, that is making some traders not to focus well in the market .
The way other cryptocurrencies are preparing to increase in the market show that bitcoin will dump soon since during pandemic bitcoin were rising that was causing other cryptocurrencies to reduce in the market. We are about to experience other cryptocurrencies pumping in this season.

[The Cryptovator]

Yes, BTC could dump. If you ask, will BTC pump? Then the answer will be the same, yes. Because no one in the world can give an accurate forecast about Bitcoin. When BTC hit approx $20K in 2017, then again we have seen a dump. Bitcoin is a high volatile cryptocurrency, which means anytime would happen pump and dump. At the current rally, there will be a dump IMO. Because, if Bitcoin is run suddenly then we have to wait for a dump. But it wouldn't huge dump IMO, probably small or medium.

[sujonali1819]

I think we will not see any massive dump recently if BTC moving around 20k. But when we will see a massive pump to 30k or more then we can see a massive dump to make the correction. But recently we may not see a high dump. But it's always normal to make correction to dump 2-5% in some days periods.

[Camel179]

Hello,

I'm new on bitcointalk, so pardon me if my question is a bit naïve..
But what about the predictions that Bitcoin would rise to 200k$ in summer 2021 or so ?
As you say, wa can't really predict it, but what do you think of those informations that are circulating online ?

thnks

[avikz]

As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.

I believe that a dump will come for sure. That happens everytime when HODLers book their profit so a dump will happen eventually. However, this time, it may be short lived because bitcoin now has attracted corporate investment. Billions of dollars have been pumped by the corporates into bitcoin market. So a major price drop may not happen this time! Just a bumpy ride ahead!

[xZork]

Anything can happen in the crypto market and no one can predict what will happen next. However historically we can fully expect that bitcoin will do well in 2020. I think bitcoin will hit $ 20,000 by the end of this year.

[mindrust]

There will be one eventually.

A big pump is nothing without a big dump.

The million dollar question is... when?

[electronicash]

what comes up must come down. eventually the market will be overbought and the bear market again. i wouldn't want to be holding anything before the massive dump. the problem is that its hard to identify when its going to happen because if you get greedy you will just keep riding the pump not minding an exit strategy.

there are different speculations so if the price really will go up to $300K, you might just sell yours when the bullrun still isn't over. it could go $500k. burn.

[Lordhermes]

Possibly the bitcoin will be dumped but the exact time is not known to every holders, now remembering the bull run in 2017, it was unbelievable for bitcoin to dump from 20k to 3k as the lowest price, and guess what, 3K was the support point. Looking into the bitcoin rally this year is something to attain new ATH but must be dump to 10k in the future because that's the new support point of bitcoin which can never be dumped below 10k, so irrespective of its mooning, it will surely be dumped.

[J1mb0]

Hello,

I'm new on bitcointalk, so pardon me if my question is a bit naïve..
But what about the predictions that Bitcoin would rise to 200k$ in summer 2021 or so ?
As you say, wa can't really predict it, but what do you think of those informations that are circulating online ?

thnks

That is entirely possible, but bitcoin needs ideal conditions to reach $ 200,000 in the summer of 2021.
It would be more viable if we predict bitcoin to reach $ 50,000 instead of $ 200,000.

[FinneysTrueVision]

If there was a big dump then I would expect Grayscale to keep buying more bitcoin. With the supply of new BTC minted being cut in half since the all time high in 2017 I do not expect it to go down in price as much this time around. A dip might even motivate more companies to put their reserves in bitcoin. We will probably go well above the previous ATH before we see a significant correction.

[carlfebz2]

As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.

Correction would always be there and that do indicates a healthy market because we cant just have a market that continuous price increase but somehow this time it isnt really that the same that we had seen back in the past in year 2017.

How deep or major the correction would be? No one knows but for sure there would be a sell off thats why in regards to your investment then better be wise on when to sell off.
Then buyback when the price had already corrected or on possible botttom.

Always anticipated that there would be a price decrease and should be prepared on what would be the things you should do when it happened.

[MCDev]

As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well?

I don't think there will be a major market pullback, bitcoin is asserting its position and advantages in the financial markets and governments are re-evaluating their views on bitcoin. Besides, the epidemic causes people to use more bitcoin so bitcoin tends to increase instead of decrease.

[acener]

There could be a correctionbut I doubt that a massive dump like what happen in the 1st time we hit $20K would repeat.
BTC has been stronger since it faced a huge and continues dump it has been having a hard time climbing up and building resistance,
So I think even if the market have a dump it wouldn't be as bad as it was back then.

[Renampun]

As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.

I also think the same as you, bullish Bitcoin this year will be different from last 2017...
bullish Bitcoin this time is not as extreme as last few years, this time it is more natural and much more mature. the potential for big bearishness is certainly there but the potential to pass ATH is also very big.