Quote from: LUCKMCFLY on March 08, 2021, 02:36:32 PM

Quote from: ethereumhunter on March 08, 2021, 08:43:13 AM

Quote from: Kittygalore on March 06, 2021, 03:46:29 AM

Quote from: ethereumhunter on March 03, 2021, 06:22:13 AM

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.

Don't you think that Bitcoin when it rises to $ 100k it will drop steeply? I have seen many analysts who are waiting for the price at $ 100k and investors know it, but $ 100k is a very psychological number, if this happens, the offer at this level will be high.

Will institutions be able to buy at these price levels? and thus eliminate the offer? If this happens more than $ 100k can occur and exceed the limit of $ 100k, will the Bitcoin whales that participated in the bull run of 2017 come into play? For me personally the whales have not come into play yet, only the new investors who have bought massively like Elon Muskm Payopal, Microestrategy.

Even if that is hard to happen, we have a history from bitcoin that shows to us when the price reaches the highest peak price, and the price was going down slowly or faster. Based on that history, we really need to be careful about those drops because that can happen again in the future.

I am sure institutions can buy at those price levels, especially if that is a big institution or big company. But we do not know how much bitcoin amount they want to buy because they will not tell the public about that. I guess the dump will come, especially for the whales who have a huge amount of bitcoin.

Just imagine, if you have a big amount of bitcoin, for example, 1k-10k bitcoin amount and the price is at $100k, you only need to use a small part of bitcoin, let say 10 bitcoin. That can make the price drop too deep because the amount on that order price will not be full of 1 bitcoin. People will tend to buy for a small fraction of bitcoin to buy 1 bitcoin directly because the price is very expensive to them, even for the institution or the big company.