Bitcoin will drop to 20k is not time to buy btc now

[Lucius]

Please stop speculating without any basis, because there is no point in what you imagine - why would the price of 1 BTC drop to only $20 000 in a few months? This is called nothing more than the spread of FUD (fear, uncertainty, and doubt), and some people who read it may believe you - will you take responsibility for all the financial losses that result from it?

Also this is a board for Bitcoin Discussion, if you have something to say about altcoins there is a forum board for that.

[rodskee]

Buying BTC now is extremly risky.This is a bubble what we see now.  Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
 

Bubble ? how come that you Go to that Idea? and since when that the word Bubble is required in explaining bitcoin?
any Thoughts on this because you are only sharing FUD if you cannot explain this one.

Soon we'll reach good point to buy at 20k btc this good price.

When will be that?

now is high price i wouldn't put 60k on btc.

Aren't you checking the market? bitcoin falls even to 53,000.

but is good time to buy altcoins that can make you x2-5x

So which altcoins are those since you can predict the price of Bitcoin?

[ice098]

To be honest if you will be able to try every single person here in the forum, they will definitely say that the bitcoin will never go to that dip of around $20,000 and also I doubt that it may drop on that kind of super dip. We can see that the market is red this time in which almost all of the cryptocurrency are getting low including bitcoin, but what we are pretty sure about is that bitcoin will not go to that dip because the market correction was really strong and it will not happen to bitcoin to dump so hard.

Count me on as one of the person who are believing that bitcoin were going to dip down to $20,000 or below. Actually what I have believing and base on my technical analysis maybe bitcoin could undergo a process of price correction or dips but i doubt that it would go down at $20k because the bitcoin market today was too different from the past. Bitcoin today was already known to everyone, even to the big investors and big businessman in the world today are being attractive to the  bitcoin.

[kryptqnick]

Peak of the market on 2017 was around 18k then it back down to 2k
This what happens when the price surge so quickly.
Now there is more adoption than ever so the price will not drop so much as before.
But it will drops 20k soon because early investors want to take profit and join on the bear markey this is how they  think.

Firstly, I don't think Bitcoin ever went back to $2k. The lowest point I can see on the price charts is around $3500 in December 2018. Secondly, this happened a year after the price reached the record high price (which was up to $20k rather than $18k, by the way), so it took a lot of time and also malignant activities by Craig Wright to bring the price to such a low point.
Apart from that, this bull run seems to be different from the previous one because the community is stronger and serious institutional investors are now backing Bitcoin up. Last time, the price barely managed to hodl around the ATH for a month (mid-December to mid-January), whereas this time the price has been largely above $50k for 2 months and counting.
That being said, I do believe that the price will eventually drop, and that buying at $20k in the future is a certain possibility.

[bosede1]

I want to ask if you do have a time frame for bitcoin to drop to 20k, this year or next year, and are people suppose to wait till then. Giving this speculation especially about the price can stop some people or lead some people astray concerning their investment dream and pursuit mostly newbie who are new to this market.

[Mamun74]

Maybe bitcoin price will never back to $20k.Coz now bitcoin price is average $55k-$56k.I think bitcoin price will be reached $70k this year.Now market correction is really good. So bitcoin will not dump.

[dificanovi]

Buying BTC now is extremly risky.This is a bubble what we see now.  Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
 

Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
but is good time to buy altcoins that can make you x2-5x

Very bad information for bitcoin, I suggest you don't make any news that is not clear. We all need to know that at this point in time many people like bitcoin so there's no way the price of bitcoin will drop to $ 20k. news - news circulating about the price of bitcoin that will fall further I feel as if they are forcing the price of bitcoin to go down, with this scary news bitcoin holders can be moved to sell their bitcoin at a lower price.

[mbe48]

Sometimes there is information like this, I feel doubt between having to buy and sell. Usually if they sell, I buy and vice versa if they buy then I sell.
But the thing that makes me even more doubtful is that there is no certainty that the price will drop to 20k. This is just a correction factor in my opinion..

[ALLON2017]

It could easily drop to 40k. If it drops as low as 20k it’ll drop even lower

[ololajulo]

Please tell me more, Mr. Bitcoin Nostradamus.

Look at btc charts is move 1% a month. Altcoins have much better ROI of 2-5x till the end of the bull run.
BTC keep you poor this bull run.

I can only see reduction in dominance of Bitcoin, if compare with previous cycle, it is only short term before the parabolic. I expect the new ATH of Ethereum in BTC value when the hardfork is approaching which should reduce the transaction fee on the blockchain.

[rosebrand]

At this current state of bitcoin it seems kind of impossible for bitcoin to deep to $20k in this bull run, it really impossible, it will be very hard seeing bitcoin at $30k in this bull run maybe after the bull season is over and the bear season takes over then no doubt it might fall to that extent. Bitcoin is still in a good state no news of ban which will trigger people dumping bitcoin, even when there is a ban bitcoin still rises because the people involve still look for some other way to buy, so you saying bitcoin will dump to $20k is really much impossible in this present state.

[verita1]

Sorry OP your post invites FUD. No blog specialized in cryptocurrencies has created an analysis that indicates that the price of bitcoin could fall to 20K. Bitcoin is not a bubble. What will happen now? The institutions will be buying the bitcoin that you are leaving.

Although in the current situation the market is suitable for any investor. Let's not forget that while bitcoin continues its bull run, altcoins are also showing their best moment.

[eaLiTy]

I can only see reduction in dominance of Bitcoin, if compare with previous cycle, it is only short term before the parabolic. I expect the new ATH of Ethereum in BTC value when the hardfork is approaching which should reduce the transaction fee on the blockchain.

Are you telling that the Ethereum Berlin upgrade will make rapid changes for the ETH chain and will reduce the transaction fees, will see if that upgrade will change anything and how about the other projects that moved to other chains, do you think that they will return and i highly doubt that and i am not expecting the price to reach anywhere near BTCitcoin.

@OP If we are seeing a major correction then we might see the price dropping to your prediction and there is not guarantee that will happen and it all depends on how the institutional investors are planning to do with their holdings.

[tippytoes]

At this current state of bitcoin it seems kind of impossible for bitcoin to deep to $20k in this bull run, it really impossible, it will be very hard seeing bitcoin at $30k in this bull run maybe after the bull season is over and the bear season takes over then no doubt it might fall to that extent. Bitcoin is still in a good state no news of ban which will trigger people dumping bitcoin, even when there is a ban bitcoin still rises because the people involve still look for some other way to buy, so you saying bitcoin will dump to $20k is really much impossible in this present state.

When bitcoin starts to go down a lil bit, some users are predicting about the fall of bitcoin. But for those who have seen the ups and downs of btc throughout the years, we can say that the level of btc right now is much different than in the previous years. The institutions as well as big companies that are into bitcoin today have better understanding on the capability of btc in the market.

Sorry OP your post invites FUD. No blog specialized in cryptocurrencies has created an analysis that indicates that the price of bitcoin could fall to 20K. Bitcoin is not a bubble. What will happen now? The institutions will be buying the bitcoin that you are leaving.

Although in the current situation the market is suitable for any investor. Let's not forget that while bitcoin continues its bull run, altcoins are also showing their best moment.

And if he decided to get out of crypto, no one is stopping him from doing so. Just don't regret few years from now, when bitcoin has value that very few can afford to buy. Everything is possible to happen but going down to 20k level, is I believe far from happening.

[Baofeng]

And maybe after reading this, those who have been thinking of selling, rather change their mind because of this fud from a new member in this community. Because this is just another history repeats itself process. We've witnessed a lot of these in 2017 and yet at the end of the year, it has reach to a point wherein we almost touch $20k, write history again with a new all time high. So I would say most likely this is going to happen again this 2021. But for the new all time high? it's going to be different, as we are looking for $100k.

[Willitivity]

Buying BTC now is extremly risky.This is a bubble what we see now.  Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
 

Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
but is good time to buy altcoins that can make you x2-5x

Since there is no clear, cut out way of knowing the exact top in this bullish market, I can't say that your advice/suggestion is totally legit because you didn't back it up with anything, not even with analysis whether technical or fundamental based analysis. I have decided to go all in on Bitcoin and I will be buying more Bitcoin even if the price goes down although I'll appreciate if the price continues its upward trend at least for another 6 months before a hard correction. You mentioned altcoins give faster and higher roi but you failed to major they've more risks if compared to btc.

[CaCO3]

Your comment is really very ridiculous.  I could not agree with you in any way.  How do you say the price of bitcoin will be $20k?  Is this really possible?
You can buy and hold Bitcoin at any time.  As you said, I can say that the price of Bitcoin will cross $100k.  Even two years ago, the price of Bitcoin was $4k.  And today the price of that bitcoin has crossed $63k.

[Kasabus]

Your comment is really very ridiculous.  I could not agree with you in any way.  How do you say the price of bitcoin will be $20k?  Is this really possible?
You can buy and hold Bitcoin at any time.  As you said, I can say that the price of Bitcoin will cross $100k.  Even two years ago, the price of Bitcoin was $4k.  And today the price of that bitcoin has crossed $63k.

If you think bitcoin will drop easily at $20k, you may be wrong OP. 2021 is totally different from 2017 where bitcoin is not that popular and useful to bigger institutions. But this year, bitcoin has gained huge impact not just to bigger companies but even to middle class investors. Even this covid 19 pandemic has even made bitcoin a very useful tool in sustaining their income and this gives a very positive impact to the crypto market.

[lalabotax]

Is this a Fud?
Really? Bitcoin will be down to 20k$ only quickly?
It may be in the bear market, but now, it is still a bullish market. The price of Bitcoin is decreasing, most altcoins are also experiencing the same. But, it doesn't mean to be panic and then think that BTC will drop soon to 20k only. Here, I personally still believe in Bitcoin to reach a higher price again after this market correction.
Once you enter crypto, never be panic,
stay calm, keep patience
Continue always analysis

[Zemomtum]

I dont think we are going to see 20k pet BTC again. This bull run is not about the wale alone as we had it in the year past but instiutional interest and influential are involved and they will protect their investment at all cost