Bitcoin crash is inevitable

[cryptozanga]

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

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[Jawhead999]

If you're really a strong holders and will hold even when Bitcoin on crash, buying in any price wouldn't a matter. No one expect/predict Bitcoin will reach $50K right now, when Bitcoin goes to $3K people are loss faith while it's a good time to buy the dip.

So, people who're buy at $50K is not a fool, I would think a fool is people who not holding any Bitcoin until right now.

[serjent05]

We can't deny the fact that correction always happens whenever Bitcoin price climbs fast but during a bull season, correction happens to be tag as a higher low and is always followed by a higher high.  It is true that there is always a possibility of a Bitcoin crash and it often happens but the question is when.  If we are unsure when will be the next Bitcoin crash then, why should we hinder ourselves from investing that can possibly give us a good profit before it crashes.  It is good to be cautious but it shouldn't hinder us to see a possible opportunity that can give us a really good profit.

I remember a thread here about assuming/asking whether those that bought BTC at around $27k(can't remember the actual figure) can be considered a fool.  And weeks after, his query is answered/debunked.

[mk4]

This is not the time to buy, don't be a fool to buy at 50K.

A price correction or a crash has always been inevitable. But this?

No one knows when the "best" time to buy is. Hence why a lot of us here are huge advocates of dollar-cost averaging. While there's the possibility that 51k is the peak, we don't even know, the 50k price might just be the 3k price of the 2017 bull market.

Also, if it ended up being the case that 51k is the peak, who cares. I'm pretty sure the people who bought the 20k peak in 2017 and held until today are totally happy.

[Rikafip]

I don't know whete are you getting that from, that people don't think that there will be some corrections. Thing is, people that are into bitcoin for a longer period of time don't care about those corrections as they know that they are perfectly normally, and if anything, it's a chance to acquire more BTC.

Regarding "bitcoin is too expensive now", people were  saying exactly the same thing at 10,000, 20,000, 40,000 etc while we can see the price now. Simply put, best time to buy bitcoin is now! It doesn't mean that you have to go balls deep and invest everything that you have, but important thing is to start buying.

[ElmedoRator]

This is entirely possible, but how long will it take for it to happen. I have known this market for many years, even looking at the period when the coins fell 90% in value since reaching ATH, I still do not think it is the day when the market crashes, at each stage they are we should look at it differently. For the current situation is completely different when the new amount of money entering the market is money from large institutional corporations, simply think that they invest here and expect one day the market collapses? I think everyone sees the appeal of this market and that is why there are many believers and many skeptics.

[januszzbych]

I have to agree especially I want to laugh when Elon sad on tweet he buying Tesla is popped with the money so its not bankrupt investing now in btc its to risky, its more now like a piramidm, rich people will make money when the rest will have a btc as number on the end

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

[jasonjm]

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

I don't think this time a major market correction will happen because of the involvement of institutes and positive news about Bitcoin and cryptocurrency. There might be a slight market correction and BTC might drop to $40k but that would only be for short term and I think Bitcoin is now eying for $60k in coming days. In 2022 the price may cross $80k because there is no looking back once companies i.e. MasterCard, add an option to buy Bitcoin and other cryptocurrencies.  

[hatshepsut93]

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

When Bitcoin reached $1,000 and then $2,000 people were also saying that it's overpriced and they will wait for it to go down. These price levels were never seen after that. Yes, there's a good chance that Bitcoin will drop below $50,000 sooner or later, but there's also a good chance that it will keep rising. And also it will likely be above $50,000 in 3-5 years. 2 months ago someone made a thread "are people buying at $30,000 idiots?", and as time shown, they were geniuses, because they made 66% profit already.

[NeuroticFish]

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

I know somebody who was not a fool and didn't buy in 2017 at 17k and ever since. The price did crash, we had crypto winter, then a recovery and now it's 50k. Guess what, doesn't he feel like a fool now?
Of course, everybody does with own money as he seems fit. Neither you nor me, nor others from the internet should not matter in his decision.

[Review Master]

If OP's refering to a big correction after this bullish rally on bitcoin, than sure to happen sooner or later. But it'll be on uptrend for the long run as more adoption is going on and more to come. But newbies are getting into fomo and buying bitcoin without any analysis and it's depend on the support level of bitcoin whether it's going to pump or will take any big correction. So, DYOR first before getting into fomo.

[mk4]

I have to agree especially I want to laugh when Elon sad on tweet he buying Tesla is popped with the money so its not bankrupt investing now in btc its to risky, its more now like a piramidm, rich people will make money when the rest will have a btc as number on the end

This is actually one of the biggest misconceptions with bitcoin. Noobs tend to think that the higher the price means the higher the risk. Well, it's actually the total opposite. The higher the price, means the higher the hashrate, and the higher the public interest goes.

And the people making the pyramid scheme argument obviously doesn't even know what a pyramid scheme really is.

[ukw]

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

Well-known veteran and trader Peter Brand noted that Bitcoin is in the middle of another parabolic progress in a recent tweet.

But he also warned against jumping on the train when parabolic progress became apparent in his January tweet:



"Once a parabolic advance is obvious, it is too late to be a buyer. The train has left the station. If you no longer own a market when I point to a parabolic trend, then don't buy based on my chart."

According to him, a decline could occur as soon as the current parabolic course ends.

In this type of parabolic progress disorder, corrections of about 80% are most common.

[BrewMaster]

This is not the time to buy, don't be a fool to buy at 50K.

well just because you missed your chance to buy and lost a lot of money that doesn't mean price has to come down from $50k. a lot of people lost the chance to buy bitcoin back in 2017 when it went above $2k too and they were saying the same thing as you.

besides if right now a correction happens it won't be a crash it will be a very small drop and worst case scenario is to $48k-$49k. you already said it yourself that the higher it goes the more correction we have. the crash you are thinking of will happen when we reach $500k...

[Little Mouse]

We have seen this from $10k, $20k, $30k, $40k and now in $50k, Peter was so much confident that BTC will never reach $50k but it did now. I'm sure when we will see $100k, still there will be people who will say like you.
There will be correction certainly but you can't say what's happening next week or next month. When we had correction after reaching $42k, some people thought that was the end of bull market for bitcoin this time but all were proved wrong. I was also thinking the same but to be honest, this bull seems different. Big institutional giants are in the play now. There will be fall but before that, there are lots of spike waiting I think.

[teosanru]

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

Your concern is absolutely genuine and this pretty much is true but I feel that there is something more to this type of TA. It's about predicting the All time high or highest point of the current wave. Now if you Don't buy at 50k and it reaches 60K you have potentially lost a 20% move in bitcoin. It's that predicting highs is a very difficult task. Even the daily RSI is at about 81 which I don't think is that high. So ideally this is not the end of the move. Yes you can say this is risky for people who are absolutely new to cryptocurrencies but all on all a person won't really regret buying here.

[michellee]

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

Only you will know when the best time to buy bitcoin, even if the price still at $50k or the other high price. People will have a decision to buy 1 bitcoin directly or buy fraction by fraction until they think that is enough to buy bitcoin. With the bull run happens this month, the correction will always happen, and I think right now, the correction is already coming as the red candle shows at the market.

[DannyHamilton]

Including the post that started this thread, you’ve posted a total of 5 times in your entire history of posting here on this forum. You’re track record is pretty miserable.

I believe that the problem is the price, it is no longer profitable to buy Bitcoin . . .

Written by you on December 19 when Bitcoin was about $22,800. Anyone dumb enough to listen to you on that date has already lost out on 124% growth over the past 60 days.

In my opinion a big correction is coming . . .

Written by you on January 5 when Bitcoin was about $30,000. Anyone scared to buy because of your prediction has already lost out on 70.3% growth over the past 43 days.

Of course Bitcoin will crash, we are in a Bubble right now...

Written by you on February 5 when Bitcoin was about $36,600. Anyone that decided not to buy because of your declaration that we are in a bubble has already lost out on 39.6% growth over the past 12 days.

Is not the moment to buy . . .

Written by you on February 11, when Bitcoin was about $44,500. Anyone dumb enough to listen to you on that date has already lost out on 14.8% growth.

And now here you are when Bitcoin is about $51,500 yet again claiming “This is not the time to buy”?  Come on, it’s clear that your ability to predict the near future is absolutely worthless. I think perhaps it’s time to give up and move on to something more productive.  Your advice and thoughts on the price movements of Bitcoin aren’t worth the oxygen you burned to come up with them.

[dothebeats]

I was in the same league of people believing that bitcoin wouldn't hold out for much longer once it breached $25,000 and turned out to be wrong. Since then, I just believed that the correction isn't going to happen at a definite price point, and that campaigning to not buy bitcoin in order to 'save' others is futile. Just let them buy whatever price they think is right for them, and perhaps buy some yourself so as to avoid shouting doom and gloom predictions everywhere since it doesn't even change the tiniest order of things here.

[bL4nkcode]

Setting to new ATH is always a sign that it will be corrected for 3-4k down just like what happened on 45k-49k. But that doesn't mean that it will not recover, with the current companies invest in bitcoin, prices will never go down to below 45k again and another ATH will be reached soon.

Same like you there are always people doubting and will always missed the chance of buying at low. And this twitter handle will suit those people https://twitter.com/havefunstaypoor