Bitcoin crash is inevitable

[UnDerDoG81]

Taking profits the way up is the way to go for me. If it really hits 200k, it could drop to these levels, down to 40k ish on the lowest, I believe.

[ene1980]

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.

The correction will be huge and there is no debate about it but it is hard to predict when we will see the correction. I might not personally invest when the market is rallying more than double than the last all time high valuation but there are investors that are willing to take the risk and so is the reason the market is rallying and it has crossed over $55k.

[Hippocrypto]

Taking profits the way up is the way to go for me. If it really hits 200k, it could drop to these levels, down to 40k ish on the lowest, I believe.

Hopefully you're predictions will be possible, I would love to see it's going down to what's cheaper just like before of bearish days. These days while at top price profit will be fun, but before price declines very fast we need to prepare and also  take our share. Don't let this opportunity to go away but rather, be smart enough to decide selling before everything will be wasted.

[Ziskinberg]

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.

The correction will be huge and there is no debate about it but it is hard to predict when we will see the correction. I might not personally invest when the market is rallying more than double than the last all time high valuation but there are investors that are willing to take the risk and so is the reason the market is rallying and it has crossed over $55k.

With the current market position, a huge risk is waiting and if you have a strong faith in it, you will be doing it. Just like you did, I'd better step back and not push ourselves if we can't afford to take the risk, besides, this Bullrun will soon go over and maybe we can afford to wait for that for sure.

May we think that we missed the opportunity but that is life, we can't correctly predict the trend and make a hold always, there's always a huge chance to weaken our hands and sell it earlier.

[btc_angela]

Taking profits the way up is the way to go for me. If it really hits 200k, it could drop to these levels, down to 40k ish on the lowest, I believe.

Of course, no one is preventing us to take profit at some time, but your scenario of $200k->$40k is highly unlikely at this point. We are in a bull run so I doubt that we will see a massive crash as traders and investors are looking for every opportunity to buy at every correction.

Unless there is a covid-19 similar type of news that will crash the market to 60% or more. And with huge companies pumping the price closer to 6 digits, we might not see a bearish season soon.

[Saisher]

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.

Market proves that you are wrong and you are a weak hands and a FUDS Bitcoin is now on the $56k mark and keeps getting strong so if they did not listen to you they already made a small profit, if they did follow your recommendation, they will blame you for posting this, market is still volatile, but still a good price to buy, Bitcoin is headed to $100k this year.

[Quidat]

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.

Market proves that you are wrong and you are a weak hands and a FUDS Bitcoin is now on the $56k mark and keeps getting strong so if they did not listen to you they already made a small profit, if they did follow your recommendation, they will blame you for posting this, market is still volatile, but still a good price to buy, Bitcoin is headed to $100k this year.

Its not really ideal to listen up someones suggestion on this forum.Im not saying its bad all the time but this will really be leaving you on regrets or make you happy
if it turns out to be moving on what you had anticipated. Make move on your own basing on your own analysis and that would really be worth of.
Crashes is inevitable and cant be predicted this is why you should be wise on making selling and buying decisions.
We do have our own risk management or simply talks about Plan A's or B's because if we do make ourselves sustainable in this market then that simply indicates
that you are doing well or just fine.

[philipma1957]

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.

The correction will be huge and there is no debate about it but it is hard to predict when we will see the correction. I might not personally invest when the market is rallying more than double than the last all time high valuation but there are investors that are willing to take the risk and so is the reason the market is rallying and it has crossed over $55k.

Correction is around the corner, so be very ready as price increase is indeed not forever. No one can tell you exactly when there will be correction, but you need to keep up with the market especially if you are planning to sell some of your satoshis. It is not all the time that we will see a straight line going up. So anytime, the position can be reversed.

you know it is funny my block is a standard block for a street block so round the corner is pretty quick .  The block across the street from me is 5.7 miles around and if you walked round the coroner on that block it is pretty long time.

So which corner.  I am thinking not the55k corner to the 60k corner I am thinking 90k.

I simply sell as it goes up next sale is at 57k

[iq_armando]

I think it's going to go up to about $ 60,000 and then it's going to fall, with its ups and downs to about $ 13,000 or less.

[UnDerDoG81]

Taking profits the way up is the way to go for me. If it really hits 200k, it could drop to these levels, down to 40k ish on the lowest, I believe.

Of course, no one is preventing us to take profit at some time, but your scenario of $200k->$40k is highly unlikely at this point. We are in a bull run so I doubt that we will see a massive crash as traders and investors are looking for every opportunity to buy at every correction.

Unless there is a covid-19 similar type of news that will crash the market to 60% or more. And with huge companies pumping the price closer to 6 digits, we might not see a bearish season soon.

It was just a sample. If we take the 20k ATH in 2017 and the drop to 3.5k. Times are different. But I will never forget the sentiment on the bullrun in 2017 where everybody was predicting 100k and that it will continue endless because its different than 2013 etc. YouTube channels were popping up. Everybody was euphoric and talked about Lambos and stuff. And most of us watched it dropping like a stone. I also have gone through the 2013/14 run as a newbie and both times I did not take one dollar of profit. This time will be different for me. It could go up to $1M and yet I will not regret start selling small percentages from around 50k€ up to wherever we go. Probably gonna sell 50-80% and IF we will have a bear market, surely get back in with maybe 50%.

And about events. Believe me, they always find FUDs to drop the BTC price. One tweet about "Musk is selling", even if its unconfirmed rumor, and we see a 50% sell off.

[Gatorelf]

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.

A "correction" implies something is over valued.  So you have place a value on BTC ?

Its still an emerging market

   My best bud Rob told me every day ten years ago why he would not buy TSLA,  it was overvalued he would say every week. This is when it was $24 a share and I was trying to explain its a "Game Changer" He cried correction every two weeks. I would explain first to market, has the name, has the man has the plan, has the tech. He would ignore my 30 years of market experience. When to depart the train is an individual decision based on needs and goals. Here we are 10 years later, 5 for 1 split later,  156 x initial investment later and TSLA is still capturing market share.  BTC is still capturing market share,  Rob never got on this train either. He is an electrical engineer who won Honeywell's "engineer of the year" while working at NASA. I tried to get him to start mining years ago as this seemed right up his ally, nope he wont even look into it. It takes vison and some people just don't have it.

[Silberman]

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.

And just a few days later bitcoin is up 10% since your comment, people that have been in this market for a long time do not have problems buying even now because they bought their coins at a cheaper price, so even if the price were to crash down their average buying price will still be below whatever level is reached when the price finally crashes, however I will admit that buying right now for the first time especially if you are a newbie is a risk and should be done with care if you do not want to lose money.

[LUCKMCFLY]

I want to know how they can say that the correction will be so strong? under what grounds? If the market in general is now in very different circumstances than in 2017-2018, maybe a technical analysis or through chartism? If they argue something like this, they should show their analysis through the chart, and thus understand or see the point of view better.

[Gatorelf]

thinking of a "correction"  as a downward trend can happen just from profit taking.  Fund managers play the game now but the world is adapting.

[LogitechMouse]

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.

So you are saying that Grayscale are a fool just because they are buying Bitcoin at a daily basis regardless of its price.

Different people have different belief when it comes to Bitcoin. I don't think that the word "fool" is the correct term for it. A person can be considered a fool when they are involved with crypto but they aren't holding any cryptocurrency until this moment.

Well, correction will happen in the future but right now there is no sign that it will come in the next weeks or months.

[Poker Player]

The problem with these posts is that they age very badly. The internet is full of posts and tweets, etc. saying that you shouldn't buy at $10 or $100 because the price was too high, or it was a bubble, and there was going to be a crash.

Just HODL.

[Sled]

The problem with these posts is that they age very badly. The internet is full of posts and tweets, etc. saying that you shouldn't buy at $10 or $100 because the price was too high, or it was a bubble, and there was going to be a crash.

Just HODL.

Well, that supposed to understand the situation and we need to think also that the market can't be in hypes always. Thinking for the inevitable dump is not wrong, it is just a preparation for the incoming but very unfortunate since we don't know yet when it comes.

if someone says don't buy because it will dump in the next day, or buy now because it pumps by tomorrow, it is for you to decide either to follow that person or not. Besides, we are taking the risk since before and we all know that it is really hard to predict, otherwise, we all just a loser of not taking the chance.

[coin-investor]

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.

fortunately, people are still buying they still have confidence that Bitcoin will continue to go up and the demand will still be high, if there will be a correction it will be on the $30k level, we have passed Bitcoin hard times, the situation is now way different from what we have experienced in the past, people have different look on the market and so far many investors are looking at it positively.

[BuNga_cute]

Bitcoin price movements are difficult to predict, no one knows how long the Bitcoin price will rise. What is certain is that the correction will take place,
so if now you are getting profit, I suggest selling the Bitcoin that you have. Because if the price suddenly drops, we will definitely regret it. Unless
indeed from the start investing in Bitcoin for the long term. When it comes to buying Bitcoin for $ 50k, that's not a stupid thing to do. Since the current
price of Bitcoin has reached $ 57k, means that those who buy Bitcoin at a price of $ 50k now must be very happy, because they have made a profit.

[hatshepsut93]

I think it's going to go up to about $ 60,000 and then it's going to fall, with its ups and downs to about $ 13,000 or less.

If the top will be only 6 times higher than the beginning of the bull run, then the bottom will also be higher than what you'd expect based on past performance. It really would make no sense to return to where we started from, after all this hype around institutional investments. 60k -> 20k is more real, or 80k -> 25k.