Will there be a massive BTC dump?

[boltz]

I don't see a parabolic rise as a normal increase of price to be honest and this is what I'm afraid of this 1st wave ( as most of us here call it like this ). This 1st wave might end up in a big bear trap and I hope it won't be the case as this will drive investors in loosing faith in Bitcoin. Again...a parabolic rise is not good in Bitcoin...

[rodskee]

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 time is far different from the past Bull because now investors are mature and we are seeing real people inside not like last 2017 that almost looks like a Bubble.

Now PayPal is merging in crypto,Some richest man in their country are investing inside this market.

Small investors are looking for legit coins to buy in and not those Pump and dump currencies.

So i think This Pump won't have massive DUmp but correction i believe.

[KnightElite]

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 time is far different from the past Bull because now investors are mature and we are seeing real people inside not like last 2017 that almost looks like a Bubble.

Now PayPal is merging in crypto,Some richest man in their country are investing inside this market.

Small investors are looking for legit coins to buy in and not those Pump and dump currencies.

So i think This Pump won't have massive DUmp but correction i believe.

The market is currently pausing near the ATH where it may considered as correction if tomorrow's candle will still be red and have a volume but this price pausing is a sign of bullish because the price is still holding at 23.6 Fibonacci retracement. I also expect that the price will consolidate in this time because if the price beat the ATH without prior consolidation then it may consider as bubble where there is a high possibility that a massive dump will occur. If there will be a consolidation I prefer to people to collect and acquire bitcoin as they can to anticipate the nearing breakout to its current ATH.

[Casdinyard]

No one is certain of such thing But if we are talking about possibility; there is. This industry is volatile and there will be price increase and decrease without consistency and definite signs. Correction tend to occur if there is a rapid price increase in the price of a crypto, and to think that the market price is quite stable right now, for sure many people are now hesitant of holding their investments since there is a chance for correction to occur. I'm honestly one of those people but I'd probably continue holding until it's price again reach its ATH. The momentum is still there, I believe, despite of lacking assurance of price increase.

[aioc]

The community of investors are now prepared on a new all time high, we have seen a lot of progress in the past three years we are very much better than in 2017, where the community of investors are still struggling, I don't think there will be massive dump but there will be correction, correction but still the price of Bitcoin is still good for profit.

[buwaytress]

Just saw that "huge" move down, was expecting it to at least test that giant buy wall at 17.2k I'm seeing at my exchanges but it didn't even survive 15 minutes below 18k. Guess they're going to need to bounce off 18k a few more times before the buyers let go of some ground. Meanwhile, I see a lot of gains in alts, guess people are spreading out some of that BTC in alts, so seems to be less about people selling BTC, more about buying up alts with BTC?

[dragonvslinux]

Just saw that "huge" move down, was expecting it to at least test that giant buy wall at 17.2k I'm seeing at my exchanges but it didn't even survive 15 minutes below 18k. Guess they're going to need to bounce off 18k a few more times before the buyers let go of some ground. Meanwhile, I see a lot of gains in alts, guess people are spreading out some of that BTC in alts, so seems to be less about people selling BTC, more about buying up alts with BTC?

Was also expecting to see low $17K prices if $18K was broken as well, but seems price might bounce around in an indecisive way for a little while. I think you're right that no-ones really "dumping" BTC at the moment. I don't see people selling BTC for fiat, as price is still trading sideways, instead they are diversifying into alts by the looks of it.

The charts suggest it's not the worst idea either, if you're into trading shitcoins that is.

[bitgolden]

There won't be a "massive" dump of btc unless these hundreds of millions of dollars invested companies decide to get out. What people do not realize that many companies who make money from crypto have to exchange that to cash in order to keep being operational.

Binance for example makes insane amount of profit in bitcoin via trading fee's, they also make a great return from altcoins as well on the same premise, and they charge HUGE amount of withdrawal fee compared to how much it costs so they must be making profit there as well.

Combine all of this and they have a great deal of crypto in their own wallets as profit, but they do not pay everything in crypto, which means for some stuff they need fiat and that means they might sell millions of dollars worth crypto every single day to pay those things. That is just one company and one example, there are plenty like that.

[buwaytress]

Was also expecting to see low $17K prices if $18K was broken as well, but seems price might bounce around in an indecisive way for a little while. I think you're right that no-ones really "dumping" BTC at the moment. I don't see people selling BTC for fiat, as price is still trading sideways, instead they are diversifying into alts by the looks of it.

The charts suggest it's not the worst idea either, if you're into trading shitcoins that is.

Yeah, it really reminds me of 2017, when it wasn't so much that people were liquidating Bitcoin, but trading it on altpairs (especially Ethereum hence Flippening wildfire talk)... which is the indirect way of selling Bitcoin, leading to that alt-era nonsense etc etc.

I actually don't know any trader who only trades BTC/USD except on this forum. Everyone else seems to insist there is a good time to go into alts to "diversify" even though Bitcoin to me is the diversification;)

Rallies like now do make me feel slight regret I don't have more positions in not-BTC. But $100k BTC will salve my hurt.

[fortunecrypto]

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.

We should not entertain that kind of thinking that there will be a drop after we reached another all-time high but rather we must continue supporting the market and the technology, investors are not fully matured and prepared back then and we do not have many updates and adoption is not that solid compared to what we are experiencing today, so we must rally for a continuous milestone because the momentum is high.

[bitbollo]

It's more profitable selling OTC or multi-platform. No one has interest to dump btc since it will be a strong loss.
Even big whales could sell small portion on the market at a fast rate without collapsing the market.
Unless a very negative news it's pretty impossible to see a big dump before the end of the year.

[blckhawk]

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.

Definitely will have, if Bitcoins goes up then there would be a down as well however, the thing is we don't know when. Correction is imminent, it always comes after the big rally, and of course, don't exactly know when it will occur. It seems the rally toward ATH wasn't like we had before in 2017 the price increase was phenomenal, unlike today's rally it is kinda mature indeed so the retracement wouldn't be that fatal as we had encountered way back in 2018.

[KTChampions]

It's more profitable selling OTC or multi-platform. No one has interest to dump btc since it will be a strong loss.
Even big whales could sell small portion on the market at a fast rate without collapsing the market.
Unless a very negative news it's pretty impossible to see a big dump before the end of the year.

Negative news is quite likely - the political situation in the United States is very difficult and if the election results are challenged in court, it will hit the economy. In addition, the future effectiveness of the vaccine is important, if it turns out to be low, then this will also reflect on the economy.

[error08]

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.

Definitely will have, if Bitcoins goes up then there would be a down as well however, the thing is we don't know when. Correction is imminent, it always comes after the big rally, and of course, don't exactly know when it will occur. It seems the rally toward ATH wasn't like we had before in 2017 the price increase was phenomenal, unlike today's rally it is kinda mature indeed so the retracement wouldn't be that fatal as we had encountered way back in 2018.

There are always few minor corrections when bitcoin on the rally like this, we've seen some after bitcoin break resistances at $17k-$18k.
a bigger retraction probably 10-20% after bitcoin break the ath at $20k+ but not the massive one like 35%-50%.
Many predictions said bitcoin still in the early phase of bull-run, not even start to pump rapidly like in 2017, it may on that phase in 2021 to reach $30k-$50k.

[Raflesia]

There are always few minor corrections when bitcoin on the rally like this, we've seen some after bitcoin break resistances at $17k-$18k.
a bigger retraction probably 10-20% after bitcoin break the ath at $20k+ but not the massive one like 35%-50%.
Many predictions said bitcoin still in the early phase of bull-run, not even start to pump rapidly like in 2017, it may on that phase in 2021 to reach $30k-$50k.

Saying like that is true that bitcoin will actually reach a rally in 2021, we will look forward to whether this correction can occur in the future.
$18.5k in nov but it is likely that this will continue with the existing rally with 25% gains which will continue to reach its highs.
My piling was strong in December bitcoin was able to reach 20k after seeing such a big move, I see other altcoins will also follow in bitcoin footsteps today.

[Japinat]

It's more profitable selling OTC or multi-platform. No one has interest to dump btc since it will be a strong loss.
Even big whales could sell small portion on the market at a fast rate without collapsing the market.
Unless a very negative news it's pretty impossible to see a big dump before the end of the year.

Negative news is quite likely - the political situation in the United States is very difficult and if the election results are challenged in court, it will hit the economy. In addition, the future effectiveness of the vaccine is important, if it turns out to be low, then this will also reflect on the economy.

Being challenge is not that bad, Trump had the right to bring it to the court if he wants too but it does not affect USA's economy I believe as the opposition party are very confident that they have won the election, what we should look is the result, and if Trump would still win, I think that's the time we think of a possible effect, most probably bad.

[romero121]

It's more profitable selling OTC or multi-platform. No one has interest to dump btc since it will be a strong loss.
Even big whales could sell small portion on the market at a fast rate without collapsing the market.
Unless a very negative news it's pretty impossible to see a big dump before the end of the year.

Negative news is quite likely - the political situation in the United States is very difficult and if the election results are challenged in court, it will hit the economy. In addition, the future effectiveness of the vaccine is important, if it turns out to be low, then this will also reflect on the economy.

Being challenge is not that bad, Trump had the right to bring it to the court if he wants too but it does not affect USA's economy I believe as the opposition party are very confident that they have won the election, what we should look is the result, and if Trump would still win, I think that's the time we think of a possible effect, most probably bad.

Right now everything is crisp and clear. No need of any clarification. The opposition party have proved their majority through the voting. As mentioned above Trump has the right to take it to the court and putforth his statement regarding the election process and the fraudulent activities happened on the election. This isn't gonna make any big impact. There is no chance of Trump ruling America, if things go on his side there'll be big impact felt on everything including our cryptomarket.

[judeafante]

Now PayPal is merging in crypto,Some richest man in their country are investing inside this market.

Small investors are looking for legit coins to buy in and not those Pump and dump currencies.

So i think This Pump won't have massive DUmp but correction i believe.

PayPal is one big changer to the community, it contributed to the big pump of the price, there are many Bitcoin holders now than before, the old investors are now matured and they have proven that Bitcoin is not and never a bubble, so I don't think there's going to be a FUD, and Bitcoin is not going to crash. and I agree that it's going to be a correction.

[Japinat]

It's more profitable selling OTC or multi-platform. No one has interest to dump btc since it will be a strong loss.
Even big whales could sell small portion on the market at a fast rate without collapsing the market.
Unless a very negative news it's pretty impossible to see a big dump before the end of the year.

Negative news is quite likely - the political situation in the United States is very difficult and if the election results are challenged in court, it will hit the economy. In addition, the future effectiveness of the vaccine is important, if it turns out to be low, then this will also reflect on the economy.

Being challenge is not that bad, Trump had the right to bring it to the court if he wants too but it does not affect USA's economy I believe as the opposition party are very confident that they have won the election, what we should look is the result, and if Trump would still win, I think that's the time we think of a possible effect, most probably bad.

Right now everything is crisp and clear. No need of any clarification. The opposition party have proved their majority through the voting. As mentioned above Trump has the right to take it to the court and putforth his statement regarding the election process and the fraudulent activities happened on the election. This isn't gonna make any big impact. There is no chance of Trump ruling America, if things go on his side there'll be big impact felt on everything including our cryptomarket.

Since USA's justice system normally is good, we will know the result soon, unlike in my country where a vice president candidate accuse the winner of cheating and bring the matter to the court but until now there's still no verdict from the court, and that was last 2016, and we are in 2020 now.

Hopefully things will resolve fast so people will not be doubtful of their future and also we investors would not speculate what would happen to the market in case our expectation will not happen.

[RealMalatesta]

"Massive"? No. Dump? Yes. I think there will be a dump, I believe even that $18.7k levels to under $18k level and back again could be considered a dump. What we call a "dump" is actually people buying bitcoin from lower levels and when it reaches to a point where it is very high and they do not want to take any type of risk anymore and want to sell, they do end up selling and that causes bitcoin price to look like it dropped a bit, but it is not a whole market sentiment, it is just some people who want to take out their profits and that's it.

So, we are not going to really have any problems in the short term and we are not going to crash anytime soon. However we could see those type of small drawbacks time to time, it could be like $1k drop and go back.