Do you think that a similar sell off is possible to around 12000$ from the current price? That way Bitcoin will take back it's dominance. That is my opinion what is your speculation?
You are viewing a single comment's thread from:
Do you think that a similar sell off is possible to around 12000$ from the current price? That way Bitcoin will take back it's dominance. That is my opinion what is your speculation?
Of course it's possible - It's more common that Bitcoin gets back its dominance when everyone panics. But this time I think it's possible we don't see a general crypto selloff, but just a panic into Bitcoin. Why? Because I think EVERYONE feels that altcoins are overvalued, even the people who are generally bullish on them over Bitcoin because they view Bitcoin as useless. If even those people start to think altcoins are overvalued, shouldn't be too unreasonable to see a shift of capital in market back to Bitcoin. But yes, of course Bitcoin is always at risk of a drawdown.
I also think it's fairly possible. Even to 10k$. I'm ready to buy in that case because the bull run will be really huge, everybody will want to buy cheap and the price curve will be so vertical than people who missed the train will continue to buy even after it reaches 20 or even 30k$. BTC over 30k$ before april.
Yeah, those were my thoughts too, if the price really starts dropping that much a huge pump and a chance to make money will happen. So good luck with that situation.