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Author Topic: Price of BTC might go down  (Read 534 times)
dimonstration
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January 10, 2021, 11:04:55 PM
 #41

They've said their thoughts based on their analysis. For me, I think that the $100k in this year is possible. Maybe it won't be exactly $100k but Bitcoin could attain a price as high as that. Also, do not really follow what these people say; do not make investments based on others' thoughts. DYOR and make your own guess (it's all guess work anyway).
The price will go down after this fast pump BTC experience but it will sure to increase again once correction happen since there will definitely many users who will secure some of their saving and there is still many users and companies who will adopt BTC. It's a continuous cycle, the only unknown is upto how much in can increase so we need to monitor it regularly.

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January 10, 2021, 11:15:40 PM
 #42

IMO just because his first prediction came to reality doesn't mean he's always right about everything, the crypto market is really volatile and unpredictable, you can really tell what might happen next, so that's his prediction for bitcoin movement it might happen and it might end up not happening its a 50/50 chance, but I seriously doubt if bitcoin will collapse 50% in the next few days as he predicted.

I get notifications from a few crypto sites and pretty much every day there's a new prediction from an analyst who predicted something previously. So many people are making predictions about these things nowadays that somebody calling something right previously doesn't really mean much at all.
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January 11, 2021, 02:11:09 AM
 #43

One of the top analyst who predicted BTC might go to 40k now says 50% of collapse is possible in near days, before few months he stated BTC price might rally at least 300%, on the other side JP Morgan says there are possibilities for 100k till the end of the year So what's next for BTC?

If these are the only odds, I'd say we should all buy BTC right now Cheesy
Looks like correction is starting now , dropping from 41k to 37,000$ this moment.
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Look what they're saying! One analysis says it might fall and later rally, the other that it could go 300% up this year. They're both extremely bullish.
But this analyst made a great prediction last year that the Value of Bitcoin may Reach 40,000$ and it happens , but of course many also predict this and some says even 50,000.
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I don't have enough fiat to keep buying, but if I had, I would. Nothing to worry about guys, short term drops are normal in bull markets since price likes to retest fib lines.
Not i am considering Buying and selling as the correction is in the moment , any pump will happen anytime soon.

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January 11, 2021, 02:26:35 AM
 #44

Looks like correction is starting now , dropping from 41k to 37,000$ this moment.
yes i think so i waited this so long tho  Grin

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I don't have enough fiat to keep buying, but if I had, I would. Nothing to worry about guys, short term drops are normal in bull markets since price likes to retest fib lines.
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Not i am considering Buying and selling as the correction is in the moment , any pump will happen anytime soon.

after the correction will pump again but there's also chance to altcoin getu pumped to after bitcoin halving -> bitcoin pump -> altcoin pump

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January 11, 2021, 02:32:45 AM
 #45

IMO just because his first prediction came to reality doesn't mean he's always right about everything, the crypto market is really volatile and unpredictable, you can really tell what might happen next, so that's his prediction for bitcoin movement it might happen and it might end up not happening its a 50/50 chance, but I seriously doubt if bitcoin will collapse 50% in the next few days as he predicted.

I get notifications from a few crypto sites and pretty much every day there's a new prediction from an analyst who predicted something previously. So many people are making predictions about these things nowadays that somebody calling something right previously doesn't really mean much at all.
That could be true or not, and so I don't put a big weight on those predictions especially when it comes from crypto sites. That 50/50 chance is right. I believe this momentum will have an end someday and that we need to prepared off.

I'm waiting for the market to dumps as well and start accumulating Bitcoin. This is possibly the plan for many as they learn from the current event but wondering if this could be realized.



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January 12, 2021, 09:00:03 AM
 #46

They've said their thoughts based on their analysis. For me, I think that the $100k in this year is possible. Maybe it won't be exactly $100k but Bitcoin could attain a price as high as that. Also, do not really follow what these people say; do not make investments based on others' thoughts. DYOR and make your own guess (it's all guess work anyway).
indeed we do not always have to trust the analysts they inform because it could be misleading. but our analysis can also be used as a reference from past experiences.
If in my opinion, seeing from the first and second halving that bitcoin has made, that their% difference can be 17x, then the possibility of $ 100K will easily be done by bitcoin this year.

for me, the most important thing is the improvement of all the top altcoin rankings, let there be a renewable ATH because this will provide a sharp increase for new atcoins that want to grow from projects that are being marketed, let the bounty heyday of 2017 can happen again this year too.

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January 12, 2021, 11:47:49 AM
 #47

The current correction apparently didn't touch $30k even, after a drop to $32k, bitcoin returned to $35 then is now at $36, so it's already
gone up and will be close to $40k again. Apparently whales really can not make the price to touch to the lowest  because there  are many
institutions that play a role also here. But this is just my personal opinion. Now I don't even know where bitcoin is going.

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January 12, 2021, 02:27:02 PM
 #48

They've said their thoughts based on their analysis. For me, I think that the $100k in this year is possible. Maybe it won't be exactly $100k but Bitcoin could attain a price as high as that. Also, do not really follow what these people say; do not make investments based on others' thoughts. DYOR and make your own guess (it's all guess work anyway).
That's right you don't wanna take those analyses spreading around the internet yeah maybe some of them do hit it right but it doesn't mean they will always get it right. It does not how it works, you should know that this market was still unpredictable. The best way is to make your own research because you know what would be best for you. Anyway, IMO, since Bitcoin is having kinda correction right now you might get the opportunity right now since I don't think whales and institutions are done accumulating, Bitcoin could grow even more, might be $50k before the end of the month who knows just be ready.



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January 14, 2021, 09:44:17 AM
 #49

They've said their thoughts based on their analysis. For me, I think that the $100k in this year is possible. Maybe it won't be exactly $100k but Bitcoin could attain a price as high as that. Also, do not really follow what these people say; do not make investments based on others' thoughts. DYOR and make your own guess (it's all guess work anyway).
indeed we do not always have to trust the analysts they inform because it could be misleading. but our analysis can also be used as a reference from past experiences.
If in my opinion, seeing from the first and second halving that bitcoin has made, that their% difference can be 17x, then the possibility of $ 100K will easily be done by bitcoin this year.

for me, the most important thing is the improvement of all the top altcoin rankings, let there be a renewable ATH because this will provide a sharp increase for new atcoins that want to grow from projects that are being marketed, let the bounty heyday of 2017 can happen again this year too.
That is the point of analyzing something, you can end up with wrong ideas, but you could at least see what is it saying and you could either use that if you want to and hope that it is right or you could just use that as guideline and that's it.

I personally believe that bitcoin may not be doing that bad in the near future, I mean this week, but the charts do not say that as we all have seen, now did I used charts to decide? No because charts said it should go down but I said it will go up, so where did I used the charts? You could look at charts, and why it says it will go down, and you could look at the past, and see similar charts that said it should go down but the real price went up instead, and use that as an indicator that whenever the charts show it will go down because of X reason the price goes up, and figure out it will go up again this period.

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