Bitcoin's 100k bubble may not burst ???

[Kong Hey Pakboy]

After the end of the year or in the coming months, there may be drastic improvements after reaching 100,000, but rest assured that 70% correction does not work. We are talking about a bubble. When the 70% correction happened, Bitcoin reached that price without any support and only by manipulating whales and big people, and then severe corrections began.
But is it the same in 2021? In the new year, we are witnessing an increase in the price of bitcoin due to the influx of large companies and large individuals towards this technology, and this is not a bubble, and this is a real price.

The market will still be the same, the people on the market is going to be the ones that is going to change. You are right that this year it is going to be different because with companies in the game, whales can't simply just drop the prices. If bitcoin is a bubble then it should have already burst a long time ago.

[magneto]

Look, I don't think anyone disagrees that the BTC markets are currently very frothy.

But just because a bubble is forming doesn't necessarily imply that it's going to correct any time soon. In fact, I do actually expect the run-up to $100k to happen without too much of a resistance. The market psyche is simply completely unpredictable when FOMO is so rife.

In terms of the 70% correction, I do expect it to happen as an eventuality. I'd say with some confidence that we'll see some sort of major correction before mid next-year.

[Gozie51]

In terms of the 70% correction, I do expect it to happen as an eventuality. I'd say with some confidence that we'll see some sort of major correction before mid next-year.

The drop can be sooner than mid next year IMO. Taking the scene of 2017 bull , it didn't last the whole year before the cirrection started , it went down to bear. Bitcoin went this high because of covid-19 fears and many investors pushed money to bitcoin. So I think with the vaccine, there will be reduction of cases and confidence may return to the way things were. Some investors are not enthusiasts, so they may cash out anytime there is a little correction and that can cause drop.

[eaLiTy]

The drop can be sooner than mid next year IMO. Taking the scene of 2017 bull , it didn't last the whole year before the cirrection started , it went down to bear. Bitcoin went this high because of covid-19 fears and many investors pushed money to bitcoin. So I think with the vaccine, there will be reduction of cases and confidence may return to the way things were. Some investors are not enthusiasts, so they may cash out anytime there is a little correction and that can cause drop.

Even if i accept that the price of BTCitcoin rallied this much because of the pandemic you cannot expect the market to return back to normal even if the vaccines are mass produced because the damage that has done to the economy is really high and most of the government were pumping money into the market which is not the best way to counter these and it can cause inflation in the long run. If your argument of panic buying is the main cause then that situation will relevant for the coming years as well.

My point of view is that many investors will book their profit and the major rally in the market is supported by institutional investors and it has nothing to do with the pandemic with the way they were investing and once they start booking the profit we might see a major correction.

[LUCKMCFLY]

The drop can be sooner than mid next year IMO. Taking the scene of 2017 bull , it didn't last the whole year before the cirrection started , it went down to bear. Bitcoin went this high because of covid-19 fears and many investors pushed money to bitcoin. So I think with the vaccine, there will be reduction of cases and confidence may return to the way things were. Some investors are not enthusiasts, so they may cash out anytime there is a little correction and that can cause drop.

Even if i accept that the price of BTCitcoin rallied this much because of the pandemic you cannot expect the market to return back to normal even if the vaccines are mass produced because the damage that has done to the economy is really high and most of the government were pumping money into the market which is not the best way to counter these and it can cause inflation in the long run. If your argument of panic buying is the main cause then that situation will relevant for the coming years as well.

My point of view is that many investors will book their profit and the major rally in the market is supported by institutional investors and it has nothing to do with the pandemic with the way they were investing and once they start booking the profit we might see a major correction.

Normally the panic scheme causes sales to increase, it can be said that now due to the pandemic Bitcoin rises much more, there are reasons not only for market speculation, but also for the ease of moving money without leaving home and in a way safe.

The correction is normal in the market, simply what can be done is to wait, but I do not think the same will happen in 2017, the downward trend came very quickly for that year, but they were other conditions, there was no institutional investment that now participates In the market, the living conditions were different, the panic was not latent as it currently is, I think that everything that happens in the Bitcoin market will be much more difficult to predict, as well as to predict the maximum that can reach this 2021.

Many bet that when reaching $ 100k this will explode, but although it will be many sales, I do not think it is the end of the bullish stage, the institutional investment that has arrived at the moment did not do it to earn little, they are doing it to win in big.

[Mahanton]

In terms of the 70% correction, I do expect it to happen as an eventuality. I'd say with some confidence that we'll see some sort of major correction before mid next-year.

The drop can be sooner than mid next year IMO. Taking the scene of 2017 bull , it didn't last the whole year before the cirrection started , it went down to bear. Bitcoin went this high because of covid-19 fears and many investors pushed money to bitcoin. So I think with the vaccine, there will be reduction of cases and confidence may return to the way things were. Some investors are not enthusiasts, so they may cash out anytime there is a little correction and that can cause drop.

Im not really that considering because of pandemic on where people had putted up their assets on bitcoin or simply in crypto which it did made out some pumps.When
we do try to look back on where the price started to rise up on last quarter of 2020 until this very moment that we are currently experiencing.We cant precisely tell that
bear market would really be starting in mid-year but we cant really remove the possibility because we cant just see a market that would continuously rise.
There would be always a correction or selling point therefore bursting out is something that can really happen.

[Zemomtum]

Bitcoin might likely surpass the 100k this year based on institution involvement and adoption we are currently seeing such as from Paypal and Visa, this year will be very huge for the entire crypto industry.

[rodskee]

I’ve playing with some historical data, and people  compare current bubble with that in 2013 and 2017, where the price increase continued for more than 6 months, and by the end of the year we witnessed correction processes of more than 70%.

We have strong numbers this year with the support of investment funds. current bubble may be different and correction may be longer and not only by next December.

I want some analysis of what will happen if we break the $ 100,000, or at least will we see a correction of 70% within 12 months?

Bubble is not the right Word to use in this case, Maybe in 2013 and 2017 those can be bubble as obviously Bag holders are making their Move to pattern the movement and eventually drop the price to take small investors fund.

But this year? they cannot even make the market shakes and instead the New investors are Hindering them to manipulate the market once more.

This is what we called Real Pump and staying high .

[coin-investor]

Bitcoin might likely surpass the 100k this year based on institution involvement and adoption we are currently seeing such as from Paypal and Visa, this year will be very huge for the entire crypto industry.

It's already huge and we are riding on it, it's up to the whole community if they want this hype to continue, I don't see the price bursting too soon, we have a whole year, we have institutions coming new innovation created and big names in the investing industry moving towards Cryptocurrency, we'll have correction and dip, we should get used to it, but we are still good all through the year.

[bitterguy28]

Bitcoin might likely surpass the 100k this year based on institution involvement and adoption we are currently seeing such as from Paypal and Visa, this year will be very huge for the entire crypto industry.

It's already huge and we are riding on it, it's up to the whole community if they want this hype to continue, I don't see the price bursting too soon, we have a whole year, we have institutions coming new innovation created and big names in the investing industry moving towards Cryptocurrency, we'll have correction and dip, we should get used to it, but we are still good all through the year.

BTC crosses $60K. I wonder to see how much high will end up before seeing actual correction. Happy with that everybody buying right now, and spend series time watching the charts so there's nothing downtrend except rising. Crash is other chapter while we're moving rush but I have never bothered about where price could have gone to. It's now enough for me.

do you still looks for actual correction when we already had Last month when the value drops down to 47k ?

But of course there are chances that this was only a partial and the real Correction is yet to come .

Maybe 30k level? lets see.

[pooya87]

This is what we called Real Pump and staying high .

These 2 terms are contradictory.
A "pump" is not real rise, consequently it can not stay because it is unstable and the resulting price is always above the intrinsic value hence a "pump" is always without exception followed by a "dump" hence creating the term "pump and dump".
Bitcoin is not a pump and dump.

[traderethereum]

Bitcoin might likely surpass the 100k this year based on institution involvement and adoption we are currently seeing such as from Paypal and Visa, this year will be very huge for the entire crypto industry.

It's already huge and we are riding on it, it's up to the whole community if they want this hype to continue, I don't see the price bursting too soon, we have a whole year, we have institutions coming new innovation created and big names in the investing industry moving towards Cryptocurrency, we'll have correction and dip, we should get used to it, but we are still good all through the year.

BTC crosses $60K. I wonder to see how much high will end up before seeing actual correction. Happy with that everybody buying right now, and spend series time watching the charts so there's nothing downtrend except rising. Crash is other chapter while we're moving rush but I have never bothered about where price could have gone to. It's now enough for me.

do you still looks for actual correction when we already had Last month when the value drops down to 47k ?

But of course there are chances that this was only a partial and the real Correction is yet to come .

Maybe 30k level? lets see.

Hopefully, the drops are not happen too deep, but who knows, that can happen later.
I still waiting for the bitcoin price to hit $65k because I think that can be the next target high price for bitcoin to increase, so maybe that can happen the next week or this month.
Yes, we already cross $60k, but the price seems to want to make a little correction before going up, so if that is really correction, you need to prepare your money to buy bitcoin at a low price.
But if the price still going up, you can sell your bitcoin at your target price.

[Distinctin]

I want some analysis of what will happen if we break the $ 100,000, or at least will we see a correction of 70% within 12 months?

I think after seeing the price now, we are due for a correction and 70% correction is possible in 12 months or more.

The price is already high but I'm not saying $100k is not possible, its just that I have a feeling that the price will likely to correct anytime soon and we shoudl be ready to witness a worst correction, maybe worst tha what happen the last time.

[Poker Player]

I want some analysis of what will happen if we break the $ 100,000, or at least will we see a correction of 70% within 12 months?

I think after seeing the price now, we are due for a correction and 70% correction is possible in 12 months or more.

The price is already high but I'm not saying $100k is not possible, its just that I have a feeling that the price will likely to correct anytime soon and we shoudl be ready to witness a worst correction, maybe worst tha what happen the last time.

No way. I mean, we can take nothing for sure in the markets but I think reaching $100k is far more likely than a correction soon. We have high demand from institutions and also some retail investors, reduced supply (halving and people withdrawing from exchanges) and also massive printing, so the price has to go up. Also, in this quarter we are going to see more companies announcing that they bought Bitcoin in the first quarter, fuelling FOMO. Those are my reasons, I do not base them on a hunch.

[slaman29]

In terms of the 70% correction, I do expect it to happen as an eventuality. I'd say with some confidence that we'll see some sort of major correction before mid next-year.

The drop can be sooner than mid next year IMO. Taking the scene of 2017 bull , it didn't last the whole year before the cirrection started , it went down to bear. Bitcoin went this high because of covid-19 fears and many investors pushed money to bitcoin. So I think with the vaccine, there will be reduction of cases and confidence may return to the way things were. Some investors are not enthusiasts, so they may cash out anytime there is a little correction and that can cause drop.

I'm down for a mid-2022 correction, and I do hope we can see a lot more than 100k ATH but I think it's going to be so difficult for big holders to overcome the psychological temptation of selling at $100k so we might not see more than that, what do you think?

I doubt it's so much about covid though, just the problems of fiat (which was probably helped by covid sure).

[Wind_FURY]

Look, I don't think anyone disagrees that the BTC markets are currently very frothy.

But just because a bubble is forming doesn't necessarily imply that it's going to correct any time soon. In fact, I do actually expect the run-up to $100k to happen without too much of a resistance. The market psyche is simply completely unpredictable when FOMO is so rife.

In terms of the 70% correction, I do expect it to happen as an eventuality. I'd say with some confidence that we'll see some sort of major correction before mid next-year.

It’s very debatable that Bitcoin is a bubble. It’s supported by miners, and the energy expended to mine all those coins. Zoom out and look at the chart. Is it a 10 year bubble? If it’s a 10 year bubble, then it can also be on a path to be a 20 year bubble. But by year 20, everyone would be saying it’s not a bubble.

[4Y078]

20 year bubble that would sound funny lol

[plr]

A "pump" is not real rise, consequently it can not stay because it is unstable and the resulting price is always above the intrinsic value hence a "pump" is always without exception followed by a "dump" hence creating the term "pump and dump".
Bitcoin is not a pump and dump.

We can only attach the word pump and dump to altcoins, pump and dump coins have a short lifespan in the market, something that is not applicable to Bitcoin, and other top coins in the market, we can use the word adoption or strong buy support in place of pump, I never support pump and dump coins because it has no value in the long run.

[aysg76]

We have been witnessing some huge surge this year and prices have went high to $60k this time and after market correction we are once again touching $59k mark with some institutional and retail investments at mass level.This is showing signs of btc becoming mainstream and adoption at large scale.So now the main point is bearish trend may come but in the long run we will see only bull market as we have seen in the past.2017 crash was extreme situation which is not possible due to back up by market investors and adoption by major institutions funds will keep on flowing in the market.So just HOLD.

[el kaka22]

I think even if we have a 70% drop, which I think we will not have one at all, it will not be that big of a deal if we can break over 100k. I think we will reach to a point where it is like 120k and then drop to 50k or so, that seems reasonable and I think it may happen as well. It is of course not easy task to reach there, but I think it can reach there eventually.

We can't go up forever, it is impossible for us to reach a billion dollars right? That means it is impossible for us to reach to a  certain level for now, we don't know what that is but there is a number, whatever that is we will get to somewhere near and will start dropping from that level. Of course, it is going to be a bit difficult but I think we can manage it and we will probably end up with a "lower" price that could be maybe even higher than the current price or at least close.