Will there be a massive BTC dump?

[lixer]

Everybody knows there will be a dump, that is just how the crypto market works. It would be weird to see these kind of things in stock market for example, in stock market things go up small by small for a decade and crash and keep going up small by small for a decade again, that is how stock market works so people are not used to this one.

Think about it, bitcoin started at 7k, went to 9k, droped to 4k, increased to 10k, dropped to 9k, went to 13-14k first, then kept on moving until 19k. How is that sensible in any other market and this was just this year, most (almost all) stocks do not have this kind of move for their entire lives, let alone just one year. So, I would say crypto will have a dump and a huge increase and a dump and a huge increase and continue like that forever.

[Vaculin]

Everybody knows there will be a dump, that is just how the crypto market works. It would be weird to see these kind of things in stock market for example, in stock market things go up small by small for a decade and crash and keep going up small by small for a decade again, that is how stock market works so people are not used to this one.

Think about it, bitcoin started at 7k, went to 9k, droped to 4k, increased to 10k, dropped to 9k, went to 13-14k first, then kept on moving until 19k. How is that sensible in any other market and this was just this year, most (almost all) stocks do not have this kind of move for their entire lives, let alone just one year. So, I would say crypto will have a dump and a huge increase and a dump and a huge increase and continue like that forever.

Pretty much you are already acquainted long time with the market.

Yes there is a dump, I swear I will never be wrong with this as the price increase is not normal, it's so far and that is just brought by hype.
People saying that it's a real adoption, yes, ... maybe... but it will not happen this fast.

[ningrum]

Bitcoin survives at a price of $ 19000, this will probably be the best support for Bitcoin to continue its trend,
if you wait for Dump, of course you will miss the train, don't miss it.
this will be massive pump not massive dump.

[Russlenat]

Bitcoin survives at a price of $ 19000, this will probably be the best support for Bitcoin to continue its trend,
if you wait for Dump, of course you will miss the train, don't miss it.
this will be massive pump not massive dump.

No one is guaranteed right here, even the experts are not.

The movement that we are now seeing is bullish, so it's up to us if we still want to ride or sell now at a profit and just wait until bitcoin will dump.
All we read are just a mere prediction and no one could really tell what's gonna happen as the market is so unpredictable, if it's easy, then we did not lose money in the past because we continue holding instead of selling when the correction happens.

It's bullish now but it's not the same in the past, so make a decision that you think is more realistic than purely riding with the FOMO.

[peter0425]

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.

Well valuing $19,200?i think if there are some dump this will because others are selling specially those who had been trapped since 2018.

Or maybe there is a correction coming but of course that would be for short period before the price skyrocket.

[dishku]

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.

Well valuing $19,200?i think if there are some dump this will because others are selling specially those who had been trapped since 2018.

Or maybe there is a correction coming but of course that would be for short period before the price skyrocket.

It's a little tricky to predict about the current streak of the market BTC's rally moving forward parabolic maybe this time we will see totally different move as compare with 2017/2018. This time it rising much stronger with real demand and backed by smart money yet retail fomo is not get started yet. So that we have to be careful before taking any action.

[XCANA]

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.

Currently there are no indications that agreed on that, the market has taken another new dimension which we have never seen before, for those compering this bullish to that of 2017 should reconsider the institutional investment that have been flowing cash int Bitcoin. No doubt about Bitcoin price correction while we journey into the promise land but outright dump is what we can't envisage right now.

[KTChampions]

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.

You are not right. Any uncertainty is harmful to the economy, now the situation is as uncertain as possible. Plus, if someone's victory is ahead of us, then the other (almost half of the inhabitants) will be disappointed. Perhaps we will again see spontaneous uprisings and the destruction of neighborhoods/cities - all this also harms the economy.

[STT]

This current move is not a massive dump, it remains to be seen if we are actually still bullish.    We have a range bound market thats out of trend for the moment, I can see it rising back to 18k before we'll even know properly.
  A good outline range to call for positive or negative action would be with a top about 17200 and bottom closing about 16500 so if we break this range its some good sign of movement towards positive or negative action further.   I do think 18k would be important as part of the prior trend, so for now I dont expect that to be exceeded.   I'm told BTC remains quite resilient despite the sell and I guess also we have 15.7k for a monthly price; me personally I was always looking for 50 day and 200 day check even and I will always take that as quite normal occurrence along the path BTC takes which is a wide road past and present.

[dimonstration]

This current move is not a massive dump, it remains to be seen if we are actually still bullish.    We have a range bound market thats out of trend for the moment, I can see it rising back to 18k before we'll even know properly.
  A good outline range to call for positive or negative action would be with a top about 17200 and bottom closing about 16500 so if we break this range its some good sign of movement towards positive or negative action further.   I do think 18k would be important as part of the prior trend, so for now I dont expect that to be exceeded.   I'm told BTC remains quite resilient despite the sell and I guess also we have 15.7k for a monthly price; me personally I was always looking for 50 day and 200 day check even and I will always take that as quite normal occurrence along the path BTC takes which is a wide road past and present.

I don't consider it as a dump too, it's just normal since it continuously increasing it's price for the last few months or days. There is still chance that the price will reach a higher amount after some get some profit in their accounts, there is still some chance of another bullish before these year ends.

[Cherylstar86]

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 don't think it's possible to happen right now since rally was ongoing, maybe after altcoins will show off it's glory after long period of hibernation. Hopefully, what happened last 2017 would be different right now, because many traders didn't expect that huge dump particular on those ICO projects that went so disappointing for two years many investors have been scammed.

[Fredomago]

This current move is not a massive dump, it remains to be seen if we are actually still bullish.    We have a range bound market thats out of trend for the moment, I can see it rising back to 18k before we'll even know properly.
  A good outline range to call for positive or negative action would be with a top about 17200 and bottom closing about 16500 so if we break this range its some good sign of movement towards positive or negative action further.   I do think 18k would be important as part of the prior trend, so for now I dont expect that to be exceeded.   I'm told BTC remains quite resilient despite the sell and I guess also we have 15.7k for a monthly price; me personally I was always looking for 50 day and 200 day check even and I will always take that as quite normal occurrence along the path BTC takes which is a wide road past and present.

I don't consider it as a dump too, it's just normal since it continuously increasing it's price for the last few months or days. There is still chance that the price will reach a higher amount after some get some profit in their accounts, there is still some chance of another bullish before these year ends.

Consider those early holders who are now cashing out, they will affect the market but with that action there are also new investors or investors who believes that the market will bounce back, they are ready to buy those cheap coins. The good sign that there's no major dumped to take place.

Seems that it will be back to the cycle and that particular fall are again showing a good sign of buy back. Always need to do a deeper  analysis before doing anything, be furious not to fall with your emotions.

[7788bitcoin]

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.

It is not just one event that is pushing the price, there are several factors and whenever there is a bull run you will hear and see many articles about how big companies are investing in bitcoin and these are nothing but to sell the article and obtained through public documentations available. Right now we had a correction and you will see many articles explaining why it crashed but it might not have nothing to do with the reality.
We will see minor corrections every now and then and understand the market trends and trade accordingly rather than thinking that there would be a massive dump. Even if there is one the bitcoin market will recover.

[shoreno]

This current move is not a massive dump, it remains to be seen if we are actually still bullish.  

I don't consider it as a dump too, it's just normal since it continuously increasing it's price for the last few months or days. , there is still some chance of another bullish before these year ends.

2k dollars is small compared to 17k dollars so even me im thinking twice if i call the drop a dump but calling it as a correction sounds not harsh to me, maybe what happen is only a correction , what do you guys think ? and yes correction happens normally after every bull that a coin got .

There is still chance that the price will reach a higher amount after some get some profit in their accounts

 if people thinks they are in profit they will start selling and the price will decrease again but if these people will buy again after that , that can trigger an increase .

[pankowri]

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.

This is the statistics of the Bitcoin price from the beginning to now and this year it already hit $19k. Now it made a correction. Afterwards the market has huge potential to grow again at the end of the year. Because institutional investors already involved with cryptocurrency and some of them already make them gainer. Hopefully they will back again with full swing. Then we can expect a huge pump from Bitcoin. I don't think so there will be a dump.

[XCANA]

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.

Well valuing $19,200?i think if there are some dump this will because others are selling specially those who had been trapped since 2018.
Or maybe there is a correction coming but of course that would be for short period before the price skyrocket.

Whenever there is a dump signifies the power of the selling market be stronger than the power of the buying or holdings. Basically those who where trapped in 2018 will definitely like to take their profit before any other advances toward this recent market. The correction which many thought to be a dump actually took place and this was for the purpose of Bitcoin to be corrected for further price rising.

[boltz]

We forget again that this was the 1st parabolic rise in Bitcoin chart so the correction was just the beginning of the dump in my opinion. The fuel is no more, the investors took their profits and the bears is about to take over the markets again. This is how I personally see this rally of Bitcoin and I'm kinda upset about it because it might hurt a lot of the new ones or those who bought at 19k$ thinking that it will sky rocket to 32k$ ( like most of you here told them ). Bitcoin will rise a lot but 2020 is not the year.

[virasog]

We forget again that this was the 1st parabolic rise in Bitcoin chart so the correction was just the beginning of the dump in my opinion. The fuel is no more, the investors took their profits and the bears is about to take over the markets again. This is how I personally see this rally of Bitcoin and I'm kinda upset about it because it might hurt a lot of the new ones or those who bought at 19k$ thinking that it will sky rocket to 32k$ ( like most of you here told them ). Bitcoin will rise a lot but 2020 is not the year.

Bitcoin is again pumping today and many will fomo again but this time it will go upto 18300$ and then dump from there to the level of 15800$. If the bitcoin will follow this pattern, it will form a lower high which is another bearish sign. Bitcoin will skyrocket to all time in January 2021, but first it might test some low support level.

[blockman]

if people thinks they are in profit they will start selling and the price will decrease again but if these people will buy again after that , that can trigger an increase .

It's a rotation. Bitcoin comes up today, it will go down tomorrow. That's the cycle that we used to see and it will never change. But bitcoin's going up was better and much more than the dump that we had. Are we profit? definitely and selling isn't really required for those who wants a higher price. But you take profits when it's necessary and you don't want to miss that moment because we'll never know how long or when it'll recover but it definitely will.

[doomloop]

People are really mistaking "massive" and "correction" and that is really funny to me. We have moved literally 100% higher in few months and you think just 10% fall would really destroy all of this? There is no way that this could be something called massive. Let me tell you what massive is, last time bitcoin hit $20k, it dropped as much as $3k at the bottom which is really a "massive" dump, that is what you should be focusing on when you are talking about it.

However when you are talking about just a 10% fall, that is not a massive dump, it is just a correction and there is really no need to get afraid of whats going to happen, you could potentially just focus on the future and do not worry about the current situation because we are not going to suddenly see a big fall again.