Will there be a massive BTC dump?

[dothebeats]

There should be once everyone has already taken some profits, and the ones left on the market are those too greedy and too naive to think that there will be more pushes and the uptrends will meet all of their desires. It's too hard to tell what the final price would be once it pops off, though one thing for certain this time: this will be higher than the 2017 ATH that's for sure. The momentum and the buildup of this recent run to $18500 is still far from the one that we had on the latter months of 2017. There's still too much bitcoin can offer at this moment but expect that a massive dump is on its way afterwards.

[wxa7115]

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.

This will depend entirely on the way the market moves, we have seen that unlike last time the rise of bitcoin has been steady and this makes me hope that this time we're going to go above the previous all time high and the price is going to keep moving up for some time after it.

And this is because if you take a look at what happened in 2017 you will see that the price skyrocketed at the end of the year which for the most part indicates that a bubble is forming and that people are investing money in an asset without thinking of the consequences, but now things are different the growth seems to be sustainable and even if the price of bitcoin begins to go down I don't really expect to see any kind of crash and I think that most likely we will remain above the 10k level.

[qualitywork]

It won't be like the one which we faced in 2018 but yes we might experience a low level dump in form of correction period, this time it's completely different than 2017 wherein we have not seen any sudden spike in the price to fear about one more bearish massive dump rather it has been a gradual increase until Bitcoin crossed $11k.

[target]

It may happen by 2021 or 2022. The fomo isn't over yet for there will be more money going to flow to crypto while there will be companies adopting cryptocurrency. This is why most of the popular personalities in crypto predicted more than $20k. It's not unusual for BTC to be overpriced while there will be massive buying from investors which is why the cycle keeps cycling. The small dump that just happens today is just a small one.

[BChydro]

It won't be like the one which we faced in 2018 but yes we might experience a low level dump in form of correction period, this time it's completely different than 2017 wherein we have not seen any sudden spike in the price to fear about one more bearish massive dump rather it has been a gradual increase until Bitcoin crossed $11k.

Last month the price of bitcoin was trying hard to break the resistance above $10k and after breaking that resistance the price right now is hovering around $17k to $18k and you think that it is not a sudden spike  . The price has rallied a lot in the past few weeks and we might see a correction but not expecting a bug dump but it might settle around $14k to $15k by the end of this year.

[DevilSlayer]

When a pump happened a lot of people are expecting that the BTC will have a dump and for me it is wrong and considered as misconception because it doesn't mean that there will be a dump after a rally maybe a correction may happen but not dump because we are in bullish territory wherein the price have still momentum and it can go up even more. If you think that there will be a huge dump that may happen right now, maybe you do not have enough data when a certain cryptocurrency are nearing its all-time high. My expectation is still bullish because the sentiment is still good and the current price action is so healthy and for me the bitcoin can now break its ATH anytime because it is the last resistance where there are a lot of sellers in that area.

[Vaculin]

I'm not hoping for a dump but I'm already ready to accept a dump.

I've seen this before, and I believe bitcoin is just following the same trend, even if it hits a new ATH this year, it's expected that after a massive pump, a massive dump will follow and that is normal because correction is necessary in order for bitcoin to rise further, we call that a healthy correction though.

[dragonvslinux]

There's always going to be a dump, to me the only question is when and how far. The more price goes parabolic than the deeper the correction will be imo. I'm currently considering somewhere between 15-25% as reasonable given the recent price spikes, but otherwise if we continue higher to $20K then I'd raise this estimate to 25-35%.

[CyberKuro]

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.

We can anticipate bitcoin to confront correction at $20k, however it should be less than or max at 30%, it would be $14k at the lowest support level. Nevertheless, $20k isn't the limit for bitcoin in this year moreover in 2021, according to many predictions and technical analysis, bitcoin could be able to reach at least $50k in the next year, so prepared for some corrections but don't sell all of it.

[Cnut237]

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.

There are definitely signs that this time is different, which should, as you say, lead to less rampant FOMO and subsequent panic-selling.
However... this does also depend on the scale and the speed of the price rises. Anything that rises quickly and dramatically is inevitably followed by some sort of retracement. I'd say there's next to zero chance that price rises will tail off into a period of stability. There's got to be a drop to some degree.

[jemimah_f3]

This usually happens when everyone least expects it. )

There will be one eventually.

A big pump is nothing without a big dump.

The million dollar question is... when?

[ningrum]

There's always going to be a dump, to me the only question is when and how far. The more price goes parabolic than the deeper the correction will be imo. I'm currently considering somewhere between 15-25% as reasonable given the recent price spikes, but otherwise if we continue higher to $20K then I'd raise this estimate to 25-35%.

15-25% means that it is at $ 15000- $ 16000, and now Bitcoin has corrected quite sharply at $ 17500,
down almost $ 600, for me that's pretty deep, I'm not denying that there will be a dump happening,
but we are still in the bullish zone, keep calm, and don't panic.

[traderethereum]

Yesterday is downtime for bitcoin price after hitting $18,400, and the price down until $17,300, but then the price can back to increase and slowly the price goes up again.
I don't expect to see a massive dump that will happen to bitcoin, but it could happen in the future, especially when the bitcoin price can break $19k-$20k later.
Everything can happen to bitcoin price, and unfortunately, we don't have any sign to know when that will happen.
We can prevent that moment is still be careful and don't panic if we see it is happening.
But now, I don't want to think much about the massive dump because it is better we focus on this moment and don't miss any chance to sell bitcoin at the price we want.

[Vaskiy]

Correction will surely happen, but we don't know at what price this will happen. During the previous time price reaching the ATH value people were into expectation of reaching $25k, but the price started to drop. People believed it to be the correction, and expected growth to happen.

The market continued to fall, further it got dumped. This time the market scenario seems to be different, because altcoins doesn't have big role right now. Majority of the altcoins were in the peak by that time, which also made people to expect big.

[ultrloa]

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.

Even though we see some strong supports occuring own still we cannot guarantee that we will never experience huge drop after it reach to it's ATH or it will surpass. Since as we all said Bitcoin is unpredictable and we already see some dumps happen so fast before , and if there's a bad fuss that can destroy the people's trust and momentum then huge drop will follow.

[philipma1957]

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 drop.

Fixed the bold for you.

I think we get to 25-30k

do a strong correction.

Jan /Feb 2021


Then moon in fall 2021 to 78k

[slapper]

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 drop.

Fixed the bold for you.

I think we get to 25-30k

do a strong correction.

Jan /Feb 2021


Then moon in fall 2021 to 78k

Outstanding prediction. 25k-30k is an affordable number though it might take few months. But 78k is a different story. It is way too high compare with other assets

A strong correction is needed for the purpose of going higher. Right now, there is not precise resistance. This momentum is currently unstopable

[DustyRah]

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

Bitcoin cannot possibly even reach $100000 in 2021. The reasoning for this though not accurate is that the market capital of Bitcoin would have to rise 7-10 fold for it to reach that level. Where will that money come from? Now on the other hand, if NO ONE sells their Bitcoin for less than $100k right now, then the next person who wants to buy it will have to pay $100k and the price would land there in an instant.

The price would go up due to the halving every 4 years though. And Bitcoin will exceed $100k in the future over many years.

[lifeOK]

I guess everyone are afraid of such scenario, especially after such quite fast Bitcoin price rally.
We should have in mind that some corrections are possible but I don't expect some huge dump. To my opinion that means that price might pull back to 12k or 13k but at this moment I don't expect that price will go lower than this. Although by the end of the year everything is possible.

Because when it does the Dump will happen! Correction is an inevitable part after this surging up of bitcoin price. I'm not afraid too much because this run is not about small investors, its more about institutional money. So, everything could be settle nicely because all are confidence more than any time before.

[usekevin]

I guess everyone are afraid of such scenario, especially after such quite fast Bitcoin price rally.
We should have in mind that some corrections are possible but I don't expect some huge dump. To my opinion that means that price might pull back to 12k or 13k but at this moment I don't expect that price will go lower than this. Although by the end of the year everything is possible.

Because when it does the Dump will happen! Correction is an inevitable part after this surging up of bitcoin price. I'm not afraid too much because this run is not about small investors, its more about institutional money. So, everything could be settle nicely because all are confidence more than any time before.

If the over dump happened,it will affect the small investors a lot.Because the small investors affect a lot on dump and their profit percentage also low for low margin investment.So the traders should focused on a investment with high margin to gain more from it.