Quote from: kapalmabur on Today at 11:35:55 PM

Quote from: nzkn on January 02, 2021, 06:29:10 PM

Nowadays, no one believes BTC will dramatically drop to below $20K in 2021. Everybody is crazy in bull market , but risks are building up.

If you understand the difference between this year's bullrun and 2017, then you will understand that Bitcoin price will not dump below $ 20k or $ 10 again, bitcoin has entered a new era where mass adoption occurs, demand increases and prices will continue to rise, just hold on until bitcoin is priced over $ 100k

Not just mass adoption, but bitcoin is becoming the number hedge by institutions and big companies, used to be gold but there is a total shift of the narrative to bitcoin now.

In the last 3 days or so we have seen some dump to $29k but now the price is going to $33k+ again, indicative that every chance this companies can get their hands on bitcoin from weak hands, they are going to buy it in bundles and huge amounts. And with that, it's hard to see the price going $20k unless they sell, but I doubt that, this companies is using it a hedge.