Post
Topic
Board Speculation
Re: Why I am confident Bitcoin price will still rise A LOT before the next big crash
by
ethereumhunter
on 08/03/2021, 08:43:13 UTC
Maybe the price will hit $100k this year, but with more volatility and unpredicted movements. But I am waiting for the high price, and I am sure many of us will have the same reason Grin

The next bitcoin movement will not be the same as 2017 because many things already change, including support from the big company and more new people who invest in bitcoin. But the dump can be any price, and it can get down as lower as before.
If it ever hits 100k USD this year, I believe that volatility would be checked and I don't think that it will be the least of our worries, what I worry is that when the price reach that point, a sudden downturn will happen and I don't mean just any downturn but a big one because a lot will not be able to hold on any longer and they see 100k USD as a good price to get out of the market and wait for it to go down. It is already evident that this year's run is not the same as 2017 the moment that bitcoin was still going strong despite reaching the end of the 3rd week of January.

That will make the correction have big drops happen to the market, and I am really worried if that is happening because that can make many people panic. They will sell their bitcoin fast without thinking that is just a correction, and if that so, the price will go down fast to the lowest price. But we still need time to hit $100k, so we better prepare ourselves by having many bitcoins to sell at the highest price. And if the price drops too deep, we can have the chance to buy back Bitcoin at that price, and I am sure that the bitcoin that we buy will be bigger than before.