Will Bitcoin even crash more than 20% in 2021?

[muenze]

Currently it looks like the bullmarket is here to stay with all the crisis in FIAT world and the good news for bitcoin.

So when do you expect the next crash to happen? How low do you think it could even go for Bitcoin in 2021? A few days ago I was thinking maybe $15k-$20k would be the new low where large bags would always instantly buy. But now it seems the number might be even higher since the "real world" is taking Bitcoin serious and so many new hands are going in Bitcoin however its still just like 0,1% of old capital, wall street, financial firms. However we are at about 1/3rd of the market cap that private gold investors are at.

So if people keep seeing a value compared to the massive new printing of USD, the stock bubble, more crisis and drama (which the media will keep pushing)......

Will it just keep going up this year, 50k, 80k, 100k....? After experiencing previous crashes I must say my euphoria from the recent rush was HUGE but now its fading a bit since the rise of my Bitcoins is just so fast like a knife thru butter.

Is this the begin of the end?

[Khaos77]

So when do you expect the next crash to happen?

Within 2 to 3 months.
Whatever the final peak hits would be cut in more than ½.
In My Best Guess.  

[NeuroticFish]

The previous bull run made Bitcoin rise some 20x and then fall some 3x. But the fall was not in the same year.
However, many voices tell that current bull run is different. History will tell if and what was different here. Some expect bull run be longer.
But don't expect it to go up and up. Some corrections may happen along the way.

If I'd look solely onto the charts I'd be terrified that we are near the end of the bull run.
But knowing what is driving the current bull run - some overly hungry institutional investors - I think that it'll still take a while. I have some expectations for 100k, but my expectations mean nothing.

Since nobody can predict the future, .. it's safer to say that anything can happen 

[mk4]

If you take even just a quick look at bitcoin's chart, it's a safe assumption that a bigger crash would once again happen like how it did in the past. But at the same time, past performance is not indicative of future results. So in the end, while we can make our own guesses, no one knows.

Tip: be financially prepared for a bitcoin crash, and a bitcoin moon.

[joniboini]

Is this the begin of the end?

Why exactly you think so? Surely those firms are not buying assets that will die within a year or so. I'd probably have the same thinking if I see a run from $1 to $14 of an asset that is not really popular and only traded by hundreds or thousands of people on a fairly closed market.

[Lorence.xD]

If you take even just a quick look at bitcoin's chart, it's a safe assumption that a bigger crash would once again happen like how it did in the past. But at the same time, past performance is not indicative of future results. So in the end, while we can make our own guesses, no one knows.

Tip: be financially prepared for a bitcoin crash, and a bitcoin moon.

Well back then there was little to no institutional investors pouring their money in bitcoin so a crash seems unlikely for awhile. Maybe when all the coins available at the market are bought then a crash might be imminent. Tip noted, I had half of my hodl converted when a certain price point hits and the other for the long term. Crash will not be a bad thing for bitcoin because that means that supply is replenished and everyone can buy again.

[ranochigo]

I've been waiting for a long time for a price drop so I can cash in my funds. It doesn't seem like it'll be very likely for any significant corrections in the near future. It's not like the past few bubbles, they were mostly a result of more companies accepting Bitcoin as a payment method. In this case, institutions are buying Bitcoins and they're sustaining the price more than any adoption could possibly do.

I could see a huge price drop if some bigger countries once again outlaws Bitcoin but that seems unlikely as well.

[lifeforcepools]

Yes, it will happen because it happens every year. This year is unlikely to be an exception.

[kotajikikox]

20% is not that Big to call crash because in 2018 we have more than losses than that , 20% of 35,000 is 7k in which meaning the price will fall to 28,000 again ? we have experienced that already few days ago but look Bitcoin value return and climb up 37,000

I think it's Fine to have that correction and or even stays that price for a weeks , but the main target as what i have seeing around is 50,000$

Yes, it will happen because it happens every year. This year is unlikely to be an exception.

Every Year ? what do you mean ? does 2019 gives this same ? Kindly elaborate your thoughts on this mate?

[Alucard1]

So many predictions about the value of bitcoin in the future but still no one can say the accurate one, it is good to predict because that will be your standard value for pulling out your bitcoin in investment but always be careful. After all, things can still happen, bitcoin can still go down even though we are seeing a good movement of it as of the current situation. The big crash might happen soon but I do think that it would go down below $15000.

[20kevin20]

Invest during calm times; watch during hypes and crazy rides. That's how I do it, and it's worked ever since. This "euphoria" you're talking about is pretty risky and damaging - if you take actions during it, you're probably going to mess up.

I wouldn't say it's the end. I honestly believe it's just the beginning! But nobody really knows where the ceiling currently is so just be ready for the crash in case it happens.

[finaleshot2016]

Of course, maybe more than half of it? 20% is not enough and can't be called a crash 'cause there's a possibility that it can resist more after that.

It's normal to have a correction, it always happens in the market, and nothing wrong with that.

If you invested right now and still hoping for bitcoin to climb up, then it's a huge risk as we know that downfall might occur anytime.

[kryptqnick]

If you take even just a quick look at bitcoin's chart, it's a safe assumption that a bigger crash would once again happen like how it did in the past. But at the same time, past performance is not indicative of future results. So in the end, while we can make our own guesses, no one knows.

Tip: be financially prepared for a bitcoin crash, and a bitcoin moon.

Bitcoin is behaving in a very unpredictable manner. I am amazed at how fast the price is growing and that it still didn't explode. But every few days I check the price and expect to see something like $15k, which I still think is a very good price per coin. But now that it's almost $40k, it's really crazy. I'm glad to see my small hodlings rising beyond what I would expect, but it's also sad for me that Bitcoin is more and more becoming an investment rather than money... And what's the point of having BTC is you'd still have to sell it for fiat to make use of it... I wish the adoption were rising along with the price.

[davis196]

I don't think that the "real world" is taking Bitcoin seriously.Maybe a bunch of companies and institutional investors are taking BTC seriously,but 99% of the people and the majority of banks and companies in the financial sector are still negative or at least neutral in regards of Bitcoin.
The Bitcoin price will crash for sure,but nobody can predict when and how much it will crash,so your thread is a price speculation and belongs to the Speculation forum.
I wish that the Bitcoin price will crash sooner.I wanna buy cheap Bitcoins before we go to the moon.

[fauzan123]

Of course, maybe more than half of it? 20% is not enough and can't be called a crash 'cause there's a possibility that it can resist more after that.

It's normal to have a correction, it always happens in the market, and nothing wrong with that.

If you invested right now and still hoping for bitcoin to climb up, then it's a huge risk as we know that downfall might occur anytime.

Everything can happen, it could be 20% or more or even less. Why is that? because as seen in previous years where the movement of bitcoin when it reaches a new ATH and it has been targeted, it is likely to experience a decline of 1-2 years (if you look at the trading history in previous years).

But interestingly this year there are many factors that support bitcoin to grow, I think one of them is because of the Covid-19 pandemic, which is still unpredictable until when it will be over, as well as political problems in the US in recent weeks that have weakened the dollar. of course this will also have an impact on bitcoin and gold.

[Jating]

But the exponential growth will hit a wall, that's imminent so I don't think that we are going to slice $80K-$100K like a butter, the growth will slow down.

So this could be just the beginning, breaking $20K-$40K then possible the growth from $50K-$100K might take some time. As we have seen previous crashes already, it is also important to take note that we have bounce from those crashes and then reaches new heights.

[mk4]

Bitcoin is behaving in a very unpredictable manner. I am amazed at how fast the price is growing and that it still didn't explode. But every few days I check the price and expect to see something like $15k, which I still think is a very good price per coin. But now that it's almost $40k, it's really crazy. I'm glad to see my small hodlings rising beyond what I would expect, but it's also sad for me that Bitcoin is more and more becoming an investment rather than money... And what's the point of having BTC is you'd still have to sell it for fiat to make use of it... I wish the adoption were rising along with the price.

Behaving in a very unpredictable manner.. you mean like it has been since forever?

As for the investment vs money part, it's slowly getting there. I mostly spend bitcoin on my online spending now(both paying bitcoin directly or indirectly through a custodial service), though as for brick and mortar stores we'd have to wait longer. I really don't see the problem with converting bitcoin to fiat to pay for stuff though. If you're from Japan and go to the United States, you'd also need to convert your JPY for USD. But yet, the fact that you need to convert currencies doesn't necessarily mean that the JPY is crap or a failure.

[snipie]

Yes, it will happen because it happens every year. This year is unlikely to be an exception.

The price is fluctuating enough for traders to make a decent earning, from $34k to $31k for example in few hours then up to $38k, it is crazy to think about it and how courageous the ones buying at this price. It is all related to people trusting bitcoin. Yes a dump might happen but I doubt we will see less than $20k again.

[Becky666]

Yes, it will happen because it happens every year. This year is unlikely to be an exception.

Well, we might see a drop, but i doubt if there will be a huge type drop like OP said 20% drop is something huge to me as the cryptocurency market has greatly increase in proportion. Without any iota of doubt there will surely be a drop which we should all prepare for but hopefully not the 20%, the few years we have experienced this fall wasn't as bullish as this year 2021, the incoming flow of institutional investors will definitely uphold Bitcoin price on a long-term.

[tabas]

Most of the opinions for this bull run is going to take longer than what we're expecting. As you've said about those factors like printing of money and crisis due to the pandemic which hit many countries economy, that will make bitcoin even higher. The institutional investors are taking it seriously but many are still not aware of the existence of bitcoin. We're thinking the same that a possible crash could come but with the situation, it changed and that possible crash turns into a correction and dip which means smaller than a crash which defines bigger fall.