Will there be a massive BTC dump?

[philipma1957]

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.

yeah but this 18k price from the mining viewpoint is not as good as 2019 july 13k price.

inorder to equal the july 2019 price of 13000 we need to be in the 25-30k range if all was based on mining profits.

in order to equal the dec 2017 price of 20,000 we need to be around 78k.

I think  we get two waves here. 

wave 1 25-30k
strong dip in Jan feb 2021 to 14k-16k

huge wave in nov 2021 maybe goes to 78k but at least 50k

nov 2021 to dec 2021

[SquallLeonhart]

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 am not sure about this time is going to be different.It’s always been a normal thing for the price to drop after going up like this, but the difference is the low for every year that it drops is always higher than the ones in the past. The price might drop this time after it reaches another ATH price, but it wouldn’t be lower than the previous in 2018 when the price dropped after $20,000.

Hard to tell. Everyone expected the price correction at the level of $ 15,000, but this did not happen.

I wasn’t expecting that, even when it got to that I knew it was going to get above that, the thing is that I didn’t expect it to happen very soon, I had in mind that it was going to happen after one month, but it was quick.

[STT]

Currently no I dont think so, its quite bullish and not showing especially any weakness to suggest a big dump.  Some corrections but mostly up.



When we fail not just these levels but trade and confirm below 16,000 then you have a break of momentum and the channel true going back weeks and almost certainly a reset in the BTC price.

[darewaller]

I do not think that there will be a "massive one", obviously there could be some corrections here and there and I agree that it is not a big deal that if we have some corrections down and keep going up later on, but I just do not think it will be a massive dump. The biggest talk in the market right now is to go between $13-14k levels and after that breaking above $20k from there. And if the price of $18k right now becomes $13.5k in a week and becomes $20k before 2021 reached, I think that is still a win.

In order for the market to create more volume and more liquidity, it needs to move all directions, only going up doesn't really make a big deal and just because of that I think there needs to be some downs to make more money and use that money to get even higher highs.

[pankowri]

From the few years, Btc shows its ATH value in the last quarter of the year. This is the time to show its value now and it's started already. After a huge pump, it seems we are going to see a correction but it will not be a huge dump or it can be. Hopefully, the price will stable soon.

[Kelvinid]

A thing that can't be stopped. Dumps come any time just like how pumps shows to us. And looking back on how the market behaves after the hypes, after Bullrun, dumps have to respond to it. However, this will not be the case to worried a lot, of course, we have to prepare ourselves for that possibility.

I always check on the market chart, the trend still good, and continue to maintain the uprising momentum. And I hope there are no FUDs to hear around that could affect the trend and that also a reason for (massive) dumps to start.

[lunnatic]

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.

price increase now looks healthy, don't expect a big pump this year,
and bubbles may occur but not 100% like 2017-2018, dump will occur if the indicators look bad

[TopTort777]

I think there will be no massive dump, but most of Winter 2017/2018 Bitcoin buyers will definitely jump off the rocket when they reach 0 in losses or bitcoin reaches its ATH.

I also think, that after ATH will be reached, those who hesitated to buy years ago, will brings new money to crypto. Blockchain.com is already creating a base for it by sending me every 4-6 hours emails with idea "buy bitcoin now, that is so easy". Instead of the dump, the will be a jump  

[Mahdirakib]

At this moment bitcoin investor also become mature enough. So I'm not hoping for a massive dump of bitcoin price in future. We might see a price correction and many people will sell their coin being panicked. It will cause sudden a dump. But overall bitcoin will not go down much. It has gained trust of large investor. As a result more people will react differently this time. If a dump start just hold, bitcoin price will recover. Or sell at high price and buy back when it reach bottom level. That will maximize your profit but hard to follow this method perfectly.

[daarul50]

yeah but this 18k price from the mining viewpoint is not as good as 2019 july 13k price.

inorder to equal the july 2019 price of 13000 we need to be in the 25-30k range if all was based on mining profits.

in order to equal the dec 2017 price of 20,000 we need to be around 78k.

I think  we get two waves here. 

wave 1 25-30k
strong dip in Jan feb 2021 to 14k-16k

huge wave in nov 2021 maybe goes to 78k but at least 50k

nov 2021 to dec 2021

I was taking this mining profit as a parameter , serious parameter right before the freefall in march.
Thinking that after the halving the price range must be above 20000 usd .
But the pandemic and market crash not only bitcoin but the whole world crashed forced me to let most of my bitcoin holding go as that time feel better to swap into gold for a while.
Now i can only watching this bull run and blame myself to lose the hope few months ago, crazy time.

[Lanatsa]

At this moment bitcoin investor also become mature enough. So I'm not hoping for a massive dump of bitcoin price in future. We might see a price correction and many people will sell their coin being panicked. It will cause sudden a dump. But overall bitcoin will not go down much. It has gained trust of large investor. As a result more people will react differently this time. If a dump start just hold, bitcoin price will recover. Or sell at high price and buy back when it reach bottom level. That will maximize your profit but hard to follow this method perfectly.

There would be a sell off but lets hope that the price will able to hold that particular situation where investors tend to secure their profits and we wont really crash that hard.

We aren't that hoping for that year 2017 similar scenario or situation but it cant really be avoided specially now that the price rise up too fast.

In any case on what would happen then we should really be prepared.

[Chrystora123]

From the few years, Btc shows its ATH value in the last quarter of the year. This is the time to show its value now and it's started already. After a huge pump, it seems we are going to see a correction but it will not be a huge dump or it can be. Hopefully, the price will stable soon.

The only thing that worries if it gets corrected how much fall it can take and if can get stabilized than much better as the fall would not be too big. Also, 2017 Dec pump and then the fall came and Dec is near of 2020 while its pumping will the history repeat or like 2020 is an exceptional year will that be seen same in bitcoin as well and continue to rise further.

I note that this time bull will not repeat history like in 2017 (when Bitcoin first touched $ 20k).  In 2017, we saw the fast movement of Bitcoin price from $ 15k to $ 20k within 1 week, this time it was different, Bitcoin price rose slowly but surely and demand for Bitcoin in the market increased steadily.  a market correction is sure to occur but it won't be below $ 15k..

[Ayiranorea]

From the few years, Btc shows its ATH value in the last quarter of the year. This is the time to show its value now and it's started already. After a huge pump, it seems we are going to see a correction but it will not be a huge dump or it can be. Hopefully, the price will stable soon.

The only thing that worries if it gets corrected how much fall it can take and if can get stabilized than much better as the fall would not be too big. Also, 2017 Dec pump and then the fall came and Dec is near of 2020 while its pumping will the history repeat or like 2020 is an exceptional year will that be seen same in bitcoin as well and continue to rise further.

I note that this time bull will not repeat history like in 2017 (when Bitcoin first touched $ 20k).  In 2017, we saw the fast movement of Bitcoin price from $ 15k to $ 20k within 1 week, this time it was different, Bitcoin price rose slowly but surely and demand for Bitcoin in the market increased steadily.  a market correction is sure to occur but it won't be below $ 15k..

Yes, the growth pattern is different this time. In 2017 the growth happened in a much faster pace growing at massive price rise of $1000+ value in a short time. This time after reaching specific price barriers the market is stabilizing and then once again moving forward. This slow and steady growth is predicted to reach new ATH before this year end. Another thing, altcoins were also growing slowly without any form of hype which also makes the cryptomarket more stronger than the past.

[MFahad]

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.

Do you remember that what were the bitcoin prices at the start of this month ? Yes, the prices were near 12000-13000$ and before that bitcoin was between 10-12K. So all the investors started to buy all of sudden at these higher prices ?
After this bitcoin massive rally, there will be a big correction time, so we should be ready for that too.

[gabbie2010]

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.

Do you remember that what were the bitcoin prices at the start of this month ? Yes, the prices were near 12000-13000$ and before that bitcoin was between 10-12K. So all the investors started to buy all of sudden at these higher prices ?
After this bitcoin massive rally, there will be a big correction time, so we should be ready for that too.

I agreed with you that price movement is not a one way traffic ' what goes up must come down' there are a lot of bullish speculations regarding the price of Bitcoin reaching $70K, $50K e.t.c no mention of correction of the price,  $13K is a major support that can hold the price if there is any pullback even at that price its a remarkable growth, however I don't think the price can dump massively like aftermath of price crash when it reached ATH in 2017 because of difference in fundamental sentiments of the market now, news of PayPal adoption of Bitcoin, halving of Bitcoin etc are some of factors that keep the price pumping massively in recent time.

[kapalmabur]

Don't expect a massive dump on Bitcoin,
we have entered the bullish season and we must be strong to pray, because if $ 19k breaks as a Bitcoin Holder,
we will certainly see a new all time high again, no dumps and no FUD!

[Kong Hey Pakboy]

Don't expect a massive dump on Bitcoin,
we have entered the bullish season and we must be strong to pray, because if $ 19k breaks as a Bitcoin Holder,
we will certainly see a new all time high again, no dumps and no FUD!

I agree. Let's stay positive that bitcoin will surpass it's $19,000 price and later on will reach it's ATH, so we should be keep holding our bitcoins while we are still in a bullish season. I know it's better to be safe than sorry, meaning it is wise to be careful and protect ourselves against the upcoming risk, but we should keep our hopes high for bitcoin not to dump it's price.

[sayaya17]

Investors should now be smarter if they’ve been in bitcoin a long time with experience. And all learn from history when bitcoin was once ATH
and then because the market overbought its decline to its deepest. But the downturn has come back to the light, now that bitcoin is bullish after a long wait.
It will even penetrate a new ATH whose value is now near. So chances are, we are better prepared and mature to deal with the downturn after this bullish.
Just determine the point at which you will sell bitcoin this time, if it has already made a profit. And come back at the price below.

[Fundamentals Of]

I think the same way as you do. This 2020 rally is much different from the 2017 Bitcoin rally which was even considered an oversold. Many are saying that Bitcoin and altcoins way back in that 2017 rally were overbought that the price rose to all time highs but then the impact of that was also very strong that it took at least 3 years to recover.

This time, I can see that the demand is real. I agree that there is maturity and that the money coming in is considered smart money. Unlike before where FOMO was the main player and individual buyers are flocking the market, the market right now is somehow controlled by large investors.

[culuuton]

It is different from 2017. 2017 a lot of discussion about the bitcoin bubble when bitcoin price was over 10k but this year it didn't. We see bitcoin's price increase is very normal, doesn't need hot news to create an effect in the market.