Re: When The Inevitable Happens With The Dump

Quote from: JollyGood on Today at 12:11:49 AM

I cannot see this bullrun going on longer than a few more day maximum, in my opinion it will not be going on for a month or two. When the price falls after the dump there will be plenty of people around the world that will financial face ruin. I feel sorry for those that purchased at $35-$40,000.

Quote from: Lorence.xD on January 08, 2021, 09:26:44 AM

Quote from: Kemarit on January 08, 2021, 01:03:15 AM

Depends on what will be top for this bubble, others are seeing a 6 digit rise, as high as $300k so unlikely to settle $12,000-$13,000.

And we have to know as well what will be the reason behind the sell-off to really crash the market to more than 50%. We are still in the bull market, so just a slight correction, there are many takers just waiting around the corner.

A 3 digit is impossible there are still a lot of hurdles to be passed through before we even reach $99,999, not to mention that the current available supply is steadily running low. Hopefully the bull run is still going strong for at least a month or two, sell offs will soon be prevalent.

Oh wow you actually think the entire bull market is going to end this month?? haha. that's quite the claim! This thing has barely even started and you're saying it's over! Reminds me of in 2017 when Bitcoin was at $2800 in early June of that year I read some analyst claim that was the top and it would go back to $1000 for the next 6 months and then start rising up a little bit at the start of 2018 haha.

It's not very wise to predict the end of a bull market when it's only 2x'd from the old peak, and when institutions just began eating the supply! Even if a short term correction happens, nobody faces financial ruin, ya just wait a few months at most (probably a few weeks) and the price will be pushing new ATHs again.