Wait for the dump

[mersal]

Bitcoin is dumping!! Is this going to a repeat of 2017? Remember what happened in March when covid hit? The second wave is here and btc has been pumping despite that. What do you guys think? $100k still happening this year?

There is a difference between dump and the correction, in my opinion, I feel only we see the correction on bitcoin prices just because some of the investors are cashing out in this bull run to make some profits, but the prices didn't go below 30K which is a good sign that we have strong support at that level. Now bitcoin is back into 39K region which means the bull run is still on.

[michellee]

Bitcoin is dumping!! Is this going to a repeat of 2017? Remember what happened in March when covid hit? The second wave is here and btc has been pumping despite that. What do you guys think? $100k still happening this year?

Yes, bitcoin is dump yesterday, but not today because today, bitcoin price is back to the high price, and it will break another high price. But that will not happen quickly and we need to have patience and wait for a while. $100k can happen this year if more institutions and rich people open their mind and invest in bitcoin, and if they do that, they will not just to buy 1-10 bitcoin, but they will buy more because they have a lot of money to purchase bitcoin at any price.

[bittick]

Right now it may can take correction about 20000$ as it is forming head and shoulder pattern.
But if it stays above 35000-36000$ then it will go upto 50000$

It might be the true story but i have been buying more bitcoin when it was dumping to the 33k.
It looks like the pattern is still showing the bullish trend as bitcoin can break another resistance on 39k. Bitcoin can touch 50k again very soon.
CMC was getting another error again and it shows that WBTC has been taking the first spot. CMC looks so crazy at this moment. lol

[Joyawan13]

Bitcoin is dumping!! Is this going to a repeat of 2017? Remember what happened in March when covid hit? The second wave is here and btc has been pumping despite that. What do you guys think? $100k still happening this year?

Yes, bitcoin is dump yesterday, but not today because today, bitcoin price is back to the high price, and it will break another high price. But that will not happen quickly and we need to have patience and wait for a while. $100k can happen this year if more institutions and rich people open their mind and invest in bitcoin, and if they do that, they will not just to buy 1-10 bitcoin, but they will buy more because they have a lot of money to purchase bitcoin at any price.

I also think like that, indeed currently the increase in bitcoin prices is due to demand, in my opinion bitcoin has again raised its price to a higher price, but at this point I think the increase will not be too fast like what happened in the last weeks, Indeed with more and more people wanting to invest and buy some bitcoin to save, the more people who have the money to buy bitcoin at any price, of course this will make bitcoin increase its price to a higher price. from current prices.

[ngesotcoy]

Bitcoin is dumping!! Is this going to a repeat of 2017? Remember what happened in March when covid hit? The second wave is here and btc has been pumping despite that. What do you guys think? $100k still happening this year?

2021 still fears of epidemics, however Bitcoin are still very stable status. History probably will not repeat 2013, 2017; $100k I dare not think but $ 60,000 is within reach.

[adzino]

Bitcoin is dumping!! Is this going to a repeat of 2017? Remember what happened in March when covid hit? The second wave is here and btc has been pumping despite that. What do you guys think? $100k still happening this year?

See. You were wrong. I know you didn't say it was going to dump, but you kinda did try to scare other by reminding them what happened in the past years. Fortunately nothing happened. The 2017 didn't repeat and the sharp drop of March didn't happen. The price did drop a for few days, but managed to hold up and is now rising once again.
Make posts like this will just spread fear and doubt in peoples mind. This post might have refrained people from investing when the price dropped to $30k and miss all the opportunities. :/
Yeah, it is risky. But can't afford to risk, don't enter the market!

[hahay]

After the correction occurred, at least the struggle occurred again and slowly the price increase showed its existence again now. I don't think if it will be a big dump because even the rise I believe is not maximal yet, and with such a strong correction taking place it is like a sign that a stronger increase is likely to occur. But whatever happens, at least the rally at 40k is very likely to eventually get higher and it will be a long bullish market season.

[Rasel5209]

Bitcoin is dumping!! Is this going to a repeat of 2017? Remember what happened in March when covid hit? The second wave is here and btc has been pumping despite that. What do you guys think? $100k still happening this year?

Bitcoin peice can not dump in January i think it price started to dump in February. Then you need to wait for again buy an it price don't increase 100k in this year.

[michellee]

I also think like that, indeed currently the increase in bitcoin prices is due to demand, in my opinion bitcoin has again raised its price to a higher price, but at this point I think the increase will not be too fast like what happened in the last weeks, Indeed with more and more people wanting to invest and buy some bitcoin to save, the more people who have the money to buy bitcoin at any price, of course this will make bitcoin increase its price to a higher price. from current prices.

And now, bitcoin price increase again. We can hope that the increases can stay at the market until the next week, so we can see another increase in the market and make the price can break $40k. We can wait for what will happen to bitcoin, but the price will increase more than the current price and we will have a chance to make a profit later.

[CryptopreneurBrainboss]

Bitcoin is dumping!! Is this going to a repeat of 2017? Remember what happened in March when covid hit? The second wave is here and btc has been pumping despite that. What do you guys think? $100k still happening this year?

Obviously, that's not out of reach at the moment, we're just about 120% away from the $100k milestone that's if my calculations are right. A 100% of $40k is $80k which could be achieved in the next 5-7months time then fomo steal the show and causes an instant growth to the $100k milestone without any resistance obviously. The supposed dump was just a correction and I'm sure that would had been cleared by the previous comments before mine.

With bullruns, this type of corrections are common and they shouldn't be mistaken for dump because they recover almost instantly or shows positive signs of recovering. They present and opportunity to buy into the market that's if you missed the early runs and only those that are brave enough to take that risk get rewarded.

Be very careful though and wait for the confirmation to come in that this is just a correction and not a dump because the worst experience you can get as a trader is buying into a dumping market.

[WalkerIVIV]

Three days ago Per Bitcoin price was 41k usd, but on this time we know the current bitcoin price, it has big dump, now per bitcoin price is 34k+ usd. It’s has big changes Between some days. I think Its price will not be more less, bitcoin price will not go below 30k usd.

It has recovered again dude. The correction already passed and this time bitcoin is still waiting for another momentum to be pumped again. I see that the trend is very positive consider from the chart of bitcoin that was able to surpassing the bitcoin resistance easily. The bitcoin is a big difficult to be dumped again tot he 30k consider there are more and more retail investors tried to join in the bitcoin.
You must also see the report from the grayscale too.

[SolGleo]

Better to hold a little and prepare for the worst.

[blckhawk]

Bitcoin is dumping!! Is this going to a repeat of 2017? Remember what happened in March when covid hit? The second wave is here and btc has been pumping despite that. What do you guys think? $100k still happening this year?

It looks like the dump is done and Bitcoin is now gradually getting on track again but I don't know if we will reach $100k though because it's really quite far and looking at the growth rate right now I don't think we can make it. Perhaps $50k is feasible. Anyway, this market is unpredictable after all so yeah we might reach it not exactly when though. I hope yall able to buy it when it dumps because it's kinda making a move again. Just keep holding.

[sana54210]

With the lots of commotion in the world today, i'll barely saying bitcoin would be experiencing any significant dump as these creates lots of awareness for bitcoin. The first wave of the covid came with a withdrawal perception in the minds of investors of which they realized in time that, withdrawal wasn't the best way to take advantage of the situation that's why, in the second wave, despite similar circumstances, bitcoin still continues to pump. It might experience a little dump, but it will pump for sure, maybe slowly.

That is exactly the reason why bitcoin doesn't fall. It went from 24k to 19k and still went up, went from 34k to 27k and still went up, and went from 40k to 32k and still went up, why? Because bitcoin is still the best thing we have right now.

Normally back in the day whenever we had an increase, that was followed by a crash, because people end up selling all the time, whenever price went up some people made some profit and looking at their profit and even how shorting it would make it bigger, they just sold all their coins. What happened now? People ended up selling but many others realized bitcoin can't go down, as long as it goes down they will keep on buying it as "discounted" since everything else in the world looked horrible, so people kept buying and never allowed a crash. Maybe one day world will get better, and at that point bitcoin may not be like this anymore but I doubt it.

[ScamViruS]

Bitcoin is dumping!! Is this going to a repeat of 2017? Remember what happened in March when covid hit? The second wave is here and btc has been pumping despite that. What do you guys think? $100k still happening this year?

Bitcoin peice can not dump in January i think it price started to dump in February. Then you need to wait for again buy an it price don't increase 100k in this year.

Why are you thinking this? Bitcoin is still in the top position since last year, there has been no major correction in Bitcoin's last run. So it can be considered as a price correction of bitcoin.

However, everyone must keep in mind that predicting the price does not mean 100% certainty, it can sometimes prove to be wrong.

[decodx]

Few days ago it is trying to dump and already it has dumped too much and now trying to much dump if market isn't try to break out 37k area then market will be dumped too much.

The market is highly manipulated. It's good to note that the same people that are driving the dip will also drive us to a new ATH

Don't be an idiot, bitcoin is not dumping.
Bitcoin is currently trading at around $ 36k. Did you forget that just a month ago bitcoin was below $ 20k and just a little over $ 10k three months ago? Did you expect continuous growth without any correction?

[blockman]

Better to hold a little and prepare for the worst.

We're far from the worst. Holding is still a good option at these times, you see the market had a flash crash and it will eventually recover just as the usual attitude of bitcoin.
This is when the emotion kicks in for some investors. They're very scared if they see bitcoin moves down a bit and think that it's finally the end of it. But for most that have been through the 2018-2019 bear market and the other earlier years, this is just an easy way to say that you still have time to buy.

[JahriMeayer]

I was excitedly Seeing the growth of bitcoin was around at $42k and thought that it would have cross upto $50k even was so near to hit the milestone.but next day at morning, i was wondered seeing the btc dump which was around $31k which is highly manupulated. I knew that market might be crash but such dump may reason of panic for btc holders.although there are many kind of user, so can't predict the right thing but I think bitcoin stand on its correction & will start raising again

[Shasha80]

Bitcoin is currently experiencing a price correction, but it will not be a dump like what happened in March 2020. As Bitcoin support price at $ 30k is
quite strong, I believe in the near future Bitcoin will soon rise past the resistance price at $ 40k. So this year's $ 100k target is still achievable,
because I believe there will be more institutions that decide to invest in Bitcoin. So the Bitcoin price is very likely to soar, so take advantage of
the present moment to buy Bitcoin. Before the price Bitcoin got more expensive.

[Yamifoud]

At the moment waiting for the dump is like missing opportunity. With the current price of bitcoin, it has turned to be an investment for the rich people. Making a profit investing at the high point is always risk involved. For users with high volume of funds is an easy try. For now there is chance of market dump, but this won't fall as close to $15000 - $20000 in the upcoming months. To invest at the dump it requires more patience.

It probably we have a lesser chance to meet back the $4k dip. And even if the price of Bitcoin will dump, feels no worry as it not really a huge dump to occur. Thus, if we are planning to invest in Bitcoin, might have to start it now. Yeah, It gonna be a long wait for the market to dumps below $20k as it possible that we maintain the current momentum for a while as the market remains at its buying volume and the resistance level still at a high level.