How long before BTC price drops like hell?

Ahh man, amen!! I am ready to buy if BTC drops now. :D
 
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alurosu said:
Everything goes in cycles. Yes it will grow a lot, but naturally the price will drop. It can't go just up. It can go from 400k to 40k or 100k to 50k, nobody knows. Even if the lower price is as much as now, it's still a bear cycle.

Long term (5-10 years) everyone who buys now will be in profits. But in medium term (1-2 years) the market will change trends. It happened before and it happens in any market, not just in crypto.
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Yes, I agree with that. It's quite possible that it will go down in the short term. It's also a risky investment and I appreciate that it could be gone completely in 5-10 years. But my personal view is that the price in 5-10 years is going to be substantially higher than the current $50k.
 
I'm concerned that no one has commented about that there won't be enough buyers to sustain the price above $50k for a long period? As I said most of the BTC market is still held by retail.

How many if you retailers are ready to buy BTC over $50k to sustain it's price?

I really need some good argument against this, because I'm afraid to hold much longer.
 
davids355 said:
Yes, I agree with that. It's quite possible that it will go down in the short term. It's also a risky investment and I appreciate that it could be gone completely in 5-10 years. But my personal view is that the price in 5-10 years is going to be substantially higher than the current $50k.
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The risk is almost gone. BTC is no longer risky since big companies and hedge funds buy into it. It remains volatile, I agree with that. But it's almost impossible to go to 0 at this point.

If nothing else becomes more popular, then a BTC will be 1 mil $. The only competition so far is ETH. Anything else outside of the crypto ecosystem is not even close.
 
alurosu said:
The risk is almost gone. BTC is no longer risky since big companies and hedge funds buy into it. It remains volatile, I agree with that. But it's almost impossible to go to 0 at this point.

If nothing else becomes more popular, then a BTC will be 1 mil $. The only competition so far is ETH. Anything else outside of the crypto ecosystem is not even close.
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Elon bought ~35 000 BTC . Most of the other "big" investors bought less.

Much BTC such whale WOW.
 
alus1onZ said:
Currently the market cap of BTC is almost 1 trillion USD.

Big investors had spent less than 20 billion USD on BTC for the last month.

This means that the power is still (and will be for a long time) in the retail hands. And we all know that the retail sell like crazy when the price starts to go down.

How long do you think the big investors can sustain such price before it bursts?

My bet is by the end of March (2021).
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Do you mean when it's going to correct itself? Then yeah, I also predict end of March it's gonna go on a correction course.

Dropping like hell? Around Q4 this year / start of next year.
 
More than 20% drop since my original post, just saying :)

Already cashed out some BTC at $56k and I'm waiting for the crash to rebuy.
 
Its can Go upto $75K to $100K this Year before to Do Massive Drop !

Rest who knows because that why its called Crypto
 
I'm selling some more once BTC hits $58.5k and will rebuy under $45k in two weeks.
 
Every realistic person knows it will happen but no one can know when will it happen.
This all btc story reminds me of Joseph Kennedy and the shoeshine boy.
 
still 17days left till end of march. let's see.
 
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