When The Inevitable Happens With The Dump - What Will Bitcoin Be Worth?

[carlfebz2]

its gonna stick around the price point where all those big boys from investment firm or management fund enters bitcoin. Those are people with the huge amount of bitcoin in their pocket and with the higher chance of controlling the market.
Maybe people could panic selling but those people gonna bag hold and buys around the dip for sure, it's gonna stick around $25K I guess 

Good observation but be sure that you do able to spot out on when those big guys of yours for them to sell out. There would be no indications on when it would happen thats why it isnt really something that you can rely on but talking about certain price points then this will really be varying on someones choice and preference.

When it comes to dump then it is really indeed inevitable because there would really be coming to a point on where these fellas will really be making some releasing of their bags.

Worth? No one can predict just like on what we had missed out to predict that bitcoin could reach or break $30k or $40k on highest or peak price.No one surely able to anticipate that.

[coinbiz]

1 BTC = 1 BTC

Always

[JollyGood]

its gonna stick around the price point where all those big boys from investment firm or management fund enters bitcoin. Those are people with the huge amount of bitcoin in their pocket and with the higher chance of controlling the market.
Maybe people could panic selling but those people gonna bag hold and buys around the dip for sure, it's gonna stick around $25K I guess 

You might be on to something there. $25,000 is a realistic figure in my opinion.

Its a fair point, the 2018 low was an ironic positive because it was far beyond the previous high and not really as negative as it could have been.     My personal take is still to go on something like the 2019 highs rather then 2017 because I think we had more volume and involvement in 2019 and so its more significant but thats an especially negative take I'm putting forward compared to most.   I dont mind sticking with that also because of the 200 day average being near to that also, I do think long term prices are much different to the froth.

Most are saying 20k or more, I guess half is a fair guess.   Its impossible for people to know because it also depends on dollar, in 2018 the dollar index rose almost the whole year and it was a flip to the '17 trend hence upset.  If 2021 is very similar to 2020 in that its a decline in dollar index or various FIAT strength then you wont have this upset and sell off in the same way.

That $20,000 figure seems to be popular but as with any crypto there is no way to know what will actually happen and going on past curves in not always reliable in an unreliable crypto space.

Those years were too far away and passed on scanty liquidity to seriously discuss them. I think the rule "after updating the ATH, do not fall below the previous ATH" should work, otherwise the majority of long-term investors will simply be disappointed in the cycles and lose the motive to invest between halvings.

Yes you are right it was such a long time back, years ago but forgetting about them entirely might not be a good idea because people lost money, houses and livelihoods because they brought and sold crypto especially Bitcoin at the wrong time.

[Dabs]

It's worth noting that anyone who buys Bitcoin and waits at least 5 years will be in profit, no matter when you bought it. So the longer someone holds it, the better chance they will be in profit. They have to think long term.

[wxa7115]

I think it is going to happen very soon, the dump will be happening but what will happen when everything on CMC shows red? How far will Bitcoin fall?

After the crash I think it might settle around the $12,000-$13,000 mark before finding a way to work upwards again over a period of time.

The all time high was set just hours ago of $40,180.37 according to CMC

Those levels seem kind of low to me, for that to happen even some institutional investors will be very close to just breakeven and at that point it will be fair to wonder if they will not get worried and begin to sell their coins, which could be terrible for the market.

As such I expect a more moderate decrease in the price, a range between 15k and 20k seems right to me and if the price really goes crazy as some people expect and it touches 300k or more than a drop to 50k seems adequate to me.

[JollyGood]

I really doubt anybody knows that but I think what I can assure you is there will be some individual willing to accumulate your dumps because thats crypto cirle

That is the nature of the beast when it comes to commerce

People fail to understand that Internet is not promised to us and in the Dark Ages there is 0.7% chance that Internet will be Available ... It is the cruel reality

I read many strange posts in my time in this forum but what is exactly have you posted? What has internet got to do with Bitcoin in the context of what you wrote and 0.7 + dark ages?

its gonna stick around the price point where all those big boys from investment firm or management fund enters bitcoin. Those are people with the huge amount of bitcoin in their pocket and with the higher chance of controlling the market.
Maybe people could panic selling but those people gonna bag hold and buys around the dip for sure, it's gonna stick around $25K I guess 

Good observation but be sure that you do able to spot out on when those big guys of yours for them to sell out. There would be no indications on when it would happen thats why it isnt really something that you can rely on but talking about certain price points then this will really be varying on someones choice and preference.

When it comes to dump then it is really indeed inevitable because there would really be coming to a point on where these fellas will really be making some releasing of their bags.

Worth? No one can predict just like on what we had missed out to predict that bitcoin could reach or break $30k or $40k on highest or peak price.No one surely able to anticipate that.

Well it did breach the $40,000 barrier but fell for several days, quite evidently the institutes are buying while whales might be cashing in.

[imstillthebest]

After the crash I think it might settle around the $12,000-$13,000 mark before finding a way to work upwards again over a period of time.

back to that levels again ? oh no not again .

 im already used to these prices and we have stayed on these prices for such a long time last time and it would be alright for the all of us to experience another whole new levels ?

 just for a change and thank goodness because god is listening , the price so far didnt drop hard below 30000 dollarz and its on its way again for a new high .

[bryant.coleman]

You are predicting about a potential dump, based on what happened in 2015 and 2018. I have reasons to believe that this time it is not going to repeat. First of all, this time the rally was supported by solid improvement in adoption and acceptability. The prices didn't went up all of a sudden just because of hype. Also, institutional investors are involved and they are unlikely to dump their coins during a bearish phase.

[LogitechMouse]

~$20,000 or near that will be the price of Bitcoin if the dump will happen anytime soon.

Many are already expecting for Bitcoin to make a big correction after its movement this past month. Many are just waiting for it to happen so that they can enter at a lower price. Right now, Bitcoin is doing a sideways pattern at the $30,000-$40,000 price but I'm expecting for a correction to the supports will happen soon.

One thing is for sure though, I don't see Bitcoin's price going back to 4 digits again or at the $10,000 price again. Congrats to those who bought at these prices .

[JollyGood]

If what you say is correct then quite clearly things will be different to what happened with previous bull runs and subsequent dumps. I disagree with you, I think there will be a dump soon but either way it will be interesting to see how all this will play out because huge investment firms are now buying in to Bitcoin and with it so many other crypto too.

You are predicting about a potential dump, based on what happened in 2015 and 2018. I have reasons to believe that this time it is not going to repeat. First of all, this time the rally was supported by solid improvement in adoption and acceptability. The prices didn't went up all of a sudden just because of hype. Also, institutional investors are involved and they are unlikely to dump their coins during a bearish phase.

[hatshepsut93]

If a crash would happen right now, we'd stabilize at 14-16k. But I doubt this would be the case, there's still a huge potential for a further rally. I doubt that prices above 100k will be reached in this cycle, so in case like 60-80k as a top, we'd be looking at 20-30k bottom.

You also shouldn't forget about some extraordinary circumstances. For example, it was believed that Bitcoin will never touch 3k again after 2018, but then it did in 2020 as a reaction to the coronavirus crisis, though it happened only momentary.

[blckhawk]

At around 50k - 55k this is very critical level that we can finally see a huge sell off it can be very fatal that it can bring the price 20k level or even 16k and again big pump incoming after this one so like what happened last 2017 big dump and huge huge pump.  

I also have the same thought. It seems $50k would be another critical level and everyone might be sell on that mark. I wouldn't say that it will be the end of the rally because it is for whales and institutions to decide because once they sell-off that would really bring down the price. They might push it to a hundred though, this also for them to decide. But I don't think it will go beyond 3 digits perhaps this will play around $15k-$20k.

[JimboToronto]

We had the dump. It went all the way down to $30k.

Next big correction probably won't occur until after we hit 6 digits. Then it might go as low as $40k-$50k rock bottom.

Institutional investors don't panic sell. Past large crashes were the result of weak-handed retail speculators. They are no longer the majority.

[jaberwock]

~$20,000 or near that will be the price of Bitcoin if the dump will happen anytime soon.

Many are already expecting for Bitcoin to make a big correction after its movement this past month. Many are just waiting for it to happen so that they can enter at a lower price. Right now, Bitcoin is doing a sideways pattern at the $30,000-$40,000 price but I'm expecting for a correction to the supports will happen soon.

One thing is for sure though, I don't see Bitcoin's price going back to 4 digits again or at the $10,000 price again. Congrats to those who bought at these prices .

That 20k mark is a very sensitive one though, that is the scary thing. For example if there is a big issue with the bitcoin and it drops to around 20-25k levels, that would be fine and it could still recover from there to above 30k fairly easily. However assuming it reaches there, if it goes under 20k level even a bit? That would literally mean a huge crash, that would result with things we wouldn't want to see at all.

That is why I honestly thing we should be a lot more calm about what is going on, if we are calm about the prices and all those corrections and recovers and so forth, we could basically just let the price go down if it wants to, but not panic and if we do not panic we will rebuy because it is discounted price and will take it above, but if everyone goes into panic mode? That will result with the price going down even harder and hurt us for longer.

[jostorres]

All the past crash or big dump are on 50% so it's likely that the next crash the price will be on the $20k level, I hope it will be different this year, the mining are more lesser now compared in the past, and this is a big factor to consider plus many whales and institutions are coming in this will lessen the impact of dumps, but let's see if this year is no different from the past years.

I do not think the next crash will be bigger than 50%, that was the old days we are not in those days anymore. People still think that this increase was the same as the previous increases but there is no similarity at all. During the 2014 increase and following crash it was just regular people like you and me, it wasn't any big company and there wasn't even that many companies doing business in crypto, so the fall was easy since regular people just sold.

The 2017 decrease should have been better, but it was still due to same reason, including things like mt.gox case and BCH and following year BSV we had big falls because of big sale as well. 2020 and following 2021 is nothing like that because have seen tens of billions of dollars go into bitcoin for good and they are holding, this time there are no sellers that can make it go down like that.

[magneto]

I think it is going to happen very soon, the dump will be happening but what will happen when everything on CMC shows red? How far will Bitcoin fall?

After the crash I think it might settle around the $12,000-$13,000 mark before finding a way to work upwards again over a period of time.

The all time high was set just hours ago of $40,180.37 according to CMC

I think it is completely plausible that BTC may fall to $20k and test the support there.

But I do expect that level to hold up. The market is still FOMOing hard and there is a very good narrative for bulls to build upon this time around with a ton of institutional investment heading into the market.

I see some people expecting a bear market to hit, which imo is completely unlikely at this stage. Don't forget that we are still waiting on several pieces of potentially very bullish news, including a possible ETF approval on the horizon.

[philipma1957]

I think it is going to happen very soon, the dump will be happening but what will happen when everything on CMC shows red? How far will Bitcoin fall?

After the crash I think it might settle around the $12,000-$13,000 mark before finding a way to work upwards again over a period of time.

The all time high was set just hours ago of $40,180.37 according to CMC

So we dumped to 30k and are headed sideways which means 60 is on target 🎯.

My guess is 60 and down to 35k

[TheBeardedBaby]

I think it is going to happen very soon, the dump will be happening but what will happen when everything on CMC shows red? How far will Bitcoin fall?

After the crash I think it might settle around the $12,000-$13,000 mark before finding a way to work upwards again over a period of time.

The all time high was set just hours ago of $40,180.37 according to CMC

So we dumped to 30k and are headed sideways which means 60 is on target 🎯.

My guess is 60 and down to 35k

I agree with you, we probably won’t see it under 20k anytime soon if at all, those who were here when bitcoin went from a few hundred to a thousand they know what I’m talking about. Moreover, when big players like grayscale and MicroStrategy joined the party, bitcoin is no longer a junkey money for people to buy join on the dark web. Now it’s an investment instrument and people a buying more than it’s mined then the demand is insane… until there are more regulations…

[JollyGood]

I agree with you it does seem highly unlikely that the price of Bitcoin will go back down to 4 digits but there has to be some sort of correction at some stage and we have not seen a massive dump and sell-off just yet so until that happens we will not know.

~$20,000 or near that will be the price of Bitcoin if the dump will happen anytime soon.

Many are already expecting for Bitcoin to make a big correction after its movement this past month. Many are just waiting for it to happen so that they can enter at a lower price. Right now, Bitcoin is doing a sideways pattern at the $30,000-$40,000 price but I'm expecting for a correction to the supports will happen soon.

One thing is for sure though, I don't see Bitcoin's price going back to 4 digits again or at the $10,000 price again. Congrats to those who bought at these prices .

[philipma1957]

I agree with you it does seem highly unlikely that the price of Bitcoin will go back down to 4 digits but there has to be some sort of correction at some stage and we have not seen a massive dump and sell-off just yet so until that happens we will not know.

~$20,000 or near that will be the price of Bitcoin if the dump will happen anytime soon.

Many are already expecting for Bitcoin to make a big correction after its movement this past month. Many are just waiting for it to happen so that they can enter at a lower price. Right now, Bitcoin is doing a sideways pattern at the $30,000-$40,000 price but I'm expecting for a correction to the supports will happen soon.

One thing is for sure though, I don't see Bitcoin's price going back to 4 digits again or at the $10,000 price again. Congrats to those who bought at these prices .

a drop from 41k to 31k is not big enough?

it is close to 30%


You need to look at it from other levels.

In Dec 2017 when coins touched 20k
In July 2019 when coins got over 13k

In Jan 2021 when coins are 36 to 41k

Which was the best month for a miner?

Dec 2017

the second best month

Was July 2019

and Jan 2021 is the third best month but very soon to become better than July of 2019

So if and when we get to 45-50k with current difficulty we are better off than July 2019 as a miner

To match Dec 2017 as a miner we need to be in the 70-80k price at the current difficulty.


so correction is not needed from the mining viewpoint just yet.

I would also argue every country is printing money  so on that alone tack on 25% boost to BTC
and of course Norway is investing in BTC for each and every citizen.  1 or 2 bucks each but it is a start.
Miami wants to put $$ into BTC for its pension plans.
Other institutions are looking to drop money into BTC

We  could have  along way to go to top out and then correct.