I doubt Bitcoin will dip below 20k again

[Branko]

below $3k if SEC goes after tether

XRP troubles will look like childs play

whats the connect of btc to tether ? and tether wont be next because tether was the real stable coin that is been opened legally but xrp have illegalities even right at the start .

 is the btc that needs to be involved in sec issue before you say thay its price will drop below 3k but then again that wont also possibly happen , it was already explained in the past but to the op's question i think that was even more possible because we arent far yet from what we have now .

What do you mean by "real stable coin"? For it to be real, Bitfinex should have 20 billion USD deposited somewhere. You really buy that as a fact?

They could not prove even holding 700m 3 years ago

https://www.coindesk.com/tether-bitfinex-market-manipulation-class-action

[GelatikKembar]

Bitcoin has nothing to do with the SEC, do you know how Bitcoin was born?
Yes, Bitcoin was born from the community, and was built by the community, of course Bitcoin is the meaning of decentralization,
you have to be able to distinguish that. if you want Bitcoin to be below $ 20k, then the institution will not buy bitcoins above $ 20k. Think about that!

[AjithBtc]

The price of bitcoin isn't gonna dip below $20k. Now this has got termed to be the standard value of bitcoin. We can't come to perfect conclusion on the market price, but looking upon the growth pattern there is more growth incoming than decline. Same as this we predicted the market price of $10000 to be standard value, but the bear market took the price fall low as $3500.

[Branko]

you have to be able to distinguish that. if you want Bitcoin to be below $ 20k, then the institution will not buy bitcoins above $ 20k. Think about that!

Ever heard about

https://www.ig.com/en/trading-strategies/short-selling-explained-190121

?

[carlfebz2]

The price of bitcoin isn't gonna dip below $20k. Now this has got termed to be the standard value of bitcoin. We can't come to perfect conclusion on the market price, but looking upon the growth pattern there is more growth incoming than decline. Same as this we predicted the market price of $10000 to be standard value, but the bear market took the price fall low as $3500.

There's no such thing about standard value because bitcoins price can indeed go crash into those prices on where we dont actually expect for it to happen or to go back down.

Lots had been saying wayback when we reach that 20k ath in 2017 that it is impossible to go back into those 4 digit price but it did eventually go back into that value
which did really put a big doubt and fear into this entire market.

So it will vary on what actions you would actually make on the current situation specially now that is is currently priced on 28k per coin and tending to reach 30? Seems possible.

[thecodebear]

below $3k if SEC goes after tether

XRP troubles will look like childs play

The now years-long tether theories that its all gonna come crashing down and destroy bitcoin with it have always seemed absurd.

It was like a year or two ago right that Tether confirmed they had like 75% of reserves or something like that. That of course is well short of the 100% they should have.  But nobody seemed to care for too long. At the very least if it did "go down" or whatever, most of the money is there so it wouldn't be like a 100% lost event. Also there are plenty of other stablecoins that could easily be adopted to replace tether. Plus some exchanges use cash in addition to stablecoins. I don't really see the idea that tether and bitcoin are directly tied to one another - this all sounds like a stupid conspiracy theory. You think people are going to suddenly sell all their bitcoin just because something happens to tether?? Nope. No reason that would happen. They would just keep going along as normal, and sell into fiat or another stablecoin when they wanted to. It'd be a problem for those who are holding a bunch of tether right when it happens, but those people would likely sell tether to buy another stablecoin or even to buy bitcoin to get out of risk, thus causing Bitcoin to go up not down. I've never seen a reasonable reason that tether will destroy bitcoin, it's always just "cuz consipracy!"

The tether conspiracy theory black swan event is a big ole nothingburger.

Tether being taken down would be a blip for bitcoin. XRP and Ripple being taken down is, well, the death of those things. Doesn't make any sense to say an unrelated crypto to bitcoin would be much worse for bitcoin than XRP and Ripple being taken down would be for XRP.

[Mulann2]

I also don't think such huge dip will occur at least judging from the way the market operates this time, but it is too soon to tell I guess we can only wait and watch what will happen in January, it will be the determinant of the btc price movement, meanwhile there is a guy who post in another topic he his waiting btc to go 6k to buy, definitely he can't not see that price again.

[acener]

I also think of it that way but we couldn't be so sure after all we already seen it go to almost $20K back in 2017 but still go around $4K.
So we couldn't be so sure if it wouldn't experience a huge price drop again.

[Kelvinid]

I also think of it that way but we couldn't be so sure after all we already seen it go to almost $20K back in 2017 but still go around $4K.
So we couldn't be so sure if it wouldn't experience a huge price drop again.

I always thought of the dump and pumps scenario as it was happening, again and again, we can't simply ignore this, honestly.

Anyway, I'm not to say that we got the deep low after this pump since we are not sure what will happen next but then, we also have to prepare for it. It is a kind of market anticipation than to be sorry later.

Going back to $15k, $10k, and the worse case below $4k. Everything can be possible as well the same as we have been surprised how it reaches to the current price.

[24Kt]

I also think of it that way but we couldn't be so sure after all we already seen it go to almost $20K back in 2017 but still go around $4K.
So we couldn't be so sure if it wouldn't experience a huge price drop again.

I always thought of the dump and pumps scenario as it was happening, again and again, we can't simply ignore this, honestly.

Anyway, I'm not to say that we got the deep low after this pump since we are not sure what will happen next but then, we also have to prepare for it. It is a kind of market anticipation than to be sorry later.

Going back to $15k, $10k, and the worse case below $4k. Everything can be possible as well the same as we have been surprised how it reaches to the current price.

In life, everything is possible to happen. So we should really be prepared for what's to come. No one can really tell us where we are heading, we will read speculations only but at the end of the day, we are alone in this battle, the decision to our investments relies on our hands and not somebody else's. We need to be smart in choosing those decisions.

[error08]

I also think of it that way but we couldn't be so sure after all we already seen it go to almost $20K back in 2017 but still go around $4K.
So we couldn't be so sure if it wouldn't experience a huge price drop again.

I always thought of the dump and pumps scenario as it was happening, again and again, we can't simply ignore this, honestly.

Anyway, I'm not to say that we got the deep low after this pump since we are not sure what will happen next but then, we also have to prepare for it. It is a kind of market anticipation than to be sorry later.

Going back to $15k, $10k, and the worse case below $4k. Everything can be possible as well the same as we have been surprised how it reaches to the current price.

People tend to be greedy on a bullish market when the fomo take place, projecting higher price expectations and refuse declining prices to a certain degree.
The reason bitcoin obtain all this attention started with the Pandemic, then the halving happened, afterward the government print so much money, subsequently to the dollar depreciation which causes institutional investors buying bitcoin. So, if the Pandemic end and the dollar recover and the time for investors take the profits, it will be the time for a big correction. However, we don't know how big it will be, but I would say $15k as the bottom.

[exstasie]

The now years-long tether theories that its all gonna come crashing down and destroy bitcoin with it have always seemed absurd.

It was like a year or two ago right that Tether confirmed they had like 75% of reserves or something like that. That of course is well short of the 100% they should have.  But nobody seemed to care for too long.

It just goes to show what really matters: liquidity. Not backing, not underlying fundamentals or risks. The only thing that matters for USDT's peg is whether there are adequate dollar outflows to drive it back to $1 when it trades at a discount. As long as arbitrage is possible, the peg will hold.

You think people are going to suddenly sell all their bitcoin just because something happens to tether?? Nope. No reason that would happen. They would just keep going along as normal, and sell into fiat or another stablecoin when they wanted to.

Actually, I think everyone would panic buy BTC and altcoins. This is what happened in April 2017 when Btifinex and Tether lost the ability to process fiat withdrawals. Everyone panic bought. You know what happened next.

[Timelord2067]

As the Covid-19 pandemic has demonstrated any kind of global shock will send jitters in local economies or indeed global stock markets in this case Bitcoin itself where investors who had parked funds in crypto pulled out causing the price to collapse to sub $5,000. (Which is more likely the "real" value of Bitcoin)

This rally is a painfully obvious pump, so watch for the dump which is probably just around the corner.

[cryptomaniac_xxx]

As the Covid-19 pandemic has demonstrated any kind of global shock will send jitters in local economies or indeed global stock markets in this case Bitcoin itself where investors who had parked funds in crypto pulled out causing the price to collapse to sub $5,000. (Which is more likely the "real" value of Bitcoin)

This rally is a painfully obvious pump, so watch for the dump which is probably just around the corner.

Yeah, as much as we love to see this kind of pump, sooner or later we will see the hype train stopping at some point. Nevertheless, I'm not seeing a massive dump that we just witnessed like when the news broke about covid-19. Market is maturing, investors has enough knowledge and what to expect on any price correction (BTFD).

[kentrolla]

Yes there are many chances for a dip in BTC as big shots and institutions are loading money if they start to sell in bulk then definitely it would impact the price of BTC as well as panic sell will be in extreme, right now the bullish trend is in progress and many experts predict the price may go upto 30k or more. I know speculations are always welcome and dump is an opportunity to buy let's wait and see how the Market reacts in upcoming days.

[JimboToronto]

It would take a 30% crash to go all the way down to $20k.

That might have happened if most of the recent rise was FOMOing retail noobs. That's not the case.

The institutional investors who drove this rally don't panic sell. It too years for them to decide to buy. It will take years for them to sell.

Yes, we might see a 30% (or greater) dip after this bull run peaks later in 2021 or in 2022 but not now when the rally has barely begun.

I agree that there's only the tiniest chance of it ever going as low as $20k and we'll most likely never see it that low again.

[LUCKMCFLY]

In the Bitcoin market everything is possible, of course it can go down, but now there is a boom that many are making a lot of money, and emotions are causing more and more purchases, we may have to wait until this year ends and 2021 begins to see how the panorama will develop.

[Ridwan Fauzi]

In the Bitcoin market everything is possible, of course it can go down, but now there is a boom that many are making a lot of money, and emotions are causing more and more purchases, we may have to wait until this year ends and 2021 begins to see how the panorama will develop.

Panic selling and panic buying always happen in any market. Moreover in bitcoin market, if we late to buy when bitcoin price up then we will regret because we will already get a huge profit if we buy before the price increase and otherwise when we let our guard down because we don't know that the bull run market is over and we bought at the high price then we see how big we lose our money. But, I still think that at the early of next year will remain same, many countries will still focus on covid and the economic situation is still the same as now, so it will give a good effect for bitcoin.

[Branko]

The institutional investors who drove this rally don't panic sell. It too years for them to decide to buy. It will take years for them to sell.

Shorting is the easiest way to profit for big institutional investors. Panic sell comes after, by small fish starting to panic sell, as you pointed out

[kolesozw]

Too many institutions and big money behind it now!!!   Whats everyones opinion explain?BTC

While it's unlikely, it is still possible if too many people decided to cash out with the new ATH.

Yet, I expect to see Bitcoin price at $30 000, not $20 000 I'm more curious what will be Bitcoin dominance in the next month or two.

LOL, that was quick! I wrote the previous post where I'm expecting Bitcoin at $30 000 and now it's $32 500.

Looks like 2021 will be an exciting year