2021 - will this be the year bitcoin?

ipanks

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Quote from: Twinkledoe on January 02, 2021, 05:44:02 AM

Quote from: ipanks on January 02, 2021, 05:32:56 AM

It could be, but the right answer is we do not know. We could hope that 2021 can bring the biggest profit to us from bitcoin, and that can make bitcoin get more adoptions from out there. Maybe if you have more than 10 bitcoin, you can sell your bitcoin for making money and trying to buy in the other dip so that you can see the bitcoin amount in your account will be increased than before. It is still better to do bitcoin trading because I see that the chance to get profit in bitcoin or usdt still wide open.

We can only speculate for what may happen with the bitcoin market this year. Because, we can't really exactly tell if the bullish run will continue or not. It can go down anytime soon for all we know. So if you are a holder, secure your holdings, you may either sell some of your portfolio and convert it to your fiat to ensure that you have funds ready or risk to hodl your btc and hope that everything will go with your plans. We started this year at a very good level for btc, achieving a new ATH for btc market.

What we already saw to bitcoin so far proves that this year will be another best year for bitcoin. Not just the price can increase more than $37k, but the price will also have a chance to increase higher. The bullish trend will continue for some time, but it will no guarantee to see the bullish will not take a rest for a while and make a correction because usually, after bitcoin price make a high price, it will go down to adjust the price. I already sold some bitcoin, and send some money to my bank account and hold the other to buy bitcoin at a low price in the next correction. I am sure we will see bitcoin achieve the new ATH soon.

CryptopreneurBrainboss

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Quote from: Wysi on January 01, 2021, 03:20:23 PM

Looking at the current bull run its evident that 2021 would be the year of Bitcoin (not a prediction, just my assumption). But will this be the year to HODL the existing Bitcoin or do daily trading? If there is no drop in the value of Bitcoin then trader's profit will be lesser than those who Hodl bitcoin. What's your take on 2021 and how do you presume this year for bitcoin?

Just hold, hodling as it has been the best strategy from the onset and most importantly years of bullish runs the best strategy you can use to come out profitable is to hold. You trading can still be profitable but you can easily be left back when the spikes occurs.

Three days ago the market was struggling to break the $30k milestone. As a trader you'll think that'll bethe peak and decide to short bitcoin but today the price is trading abov $324.5k and heading toward the $40k milestones which could happen before January runs out.

Now assuming you short bitcoin when it was below $30k you'll be hitting yourself now and it could influence the next decision you make which could cost you big time as most likely you'll be re-entering the market at the top.

judeafante

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Quote from: Wysi on January 01, 2021, 03:20:23 PM

Looking at the current bull run its evident that 2021 would be the year of Bitcoin (not a prediction, just my assumption). But will this be the year to HODL the existing Bitcoin or do daily trading? If there is no drop in the value of Bitcoin then trader's profit will be lesser than those who Hodl bitcoin. What's your take on 2021 and how do you presume this year for bitcoin?

It looks like it's going to be, just take a look at how Bitcoin is performing in the market this early, it surpasses our expectation if it performs well in times of pandemic what more when things are back to normal again, 2021 is a year the economy will back to normal and with this, investors can and will invest more in the market and Bitcoin prices will continue to go up.

Mahanton

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Quote from: Wysi on January 01, 2021, 03:20:23 PM

Looking at the current bull run its evident that 2021 would be the year of Bitcoin (not a prediction, just my assumption). But will this be the year to HODL the existing Bitcoin or do daily trading? If there is no drop in the value of Bitcoin then trader's profit will be lesser than those who Hodl bitcoin. What's your take on 2021 and how do you presume this year for bitcoin?

You can have a choice neither you would go for active trades or would just simply hold if you dont know on what you are doing.
2021 neither would be a good year on the entire market or not because no man can able precisely on what would happen in next future years to come.
Instead its better to be wise on what would be your goals or selling levels so that when it hit up on specific price then you do already have the signal for you to sell.
We wont know if there would be having a huge correction or not.

Wulan_maniez

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Actually, when a person is more and more in the market, then the more opportunities for him or her to make a profit. Although this is not possible,
all traders can do it. For some of those who are already used to it, this is an opportunity to gain more profit. They know it’s very risky, but they
have a way when the situation is getting pinched though. For daily traders, it is possible that doing daily trading will give you more profit.
Or they do both. Especially in the year bitcoin is bullish as it is now.

RealMalatesta

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Quote from: Twinkledoe on January 02, 2021, 05:44:02 AM

We can only speculate for what may happen with the bitcoin market this year. Because, we can't really exactly tell if the bullish run will continue or not. It can go down anytime soon for all we know. So if you are a holder, secure your holdings, you may either sell some of your portfolio and convert it to your fiat to ensure that you have funds ready or risk to hodl your btc and hope that everything will go with your plans. We started this year at a very good level for btc, achieving a new ATH for btc market.

I would say the best idea here would be a stop loss. Honestly speaking bitcoin is doing fine right now, and getting out right away on the smallest drop would be an idiotic move, because we all know there are times it goes down and it goes up right back, so stop loss can't be put to a level like 27k, because we can hit 27k and under but still go over 40k right afterwards.

However it all depends on where you bought as well, if you bought under 20k, I would say putting your stop loss at around 22k or even 20k would be a smarter move, that way you could potentially manage to actually make a profit from selling it before it goes down even more, while staying in profit from buying even lower. However that would be the nuclear option, never go with that if you do not have to, I would say keep holding your coins as long as possible if you could afford that.

sarmrakib

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Quote from: Wysi on January 01, 2021, 03:20:23 PM

Looking at the current bull run its evident that 2021 would be the year of Bitcoin (not a prediction, just my assumption). But will this be the year to HODL the existing Bitcoin or do daily trading? If there is no drop in the value of Bitcoin then trader's profit will be lesser than those who Hodl bitcoin. What's your take on 2021 and how do you presume this year for bitcoin?

Yes the year will be bitcoin year .We have started really well as my last notice it has crossed 30K$ mark and going so up .However it will be better to trade from hold .You can double your money if you reaserch well .The way btc is growing it is actually tough to say that but i think it will be better to put your money on trading if you are good trader .

mersal

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Quote from: Wysi on January 01, 2021, 03:20:23 PM

Looking at the current bull run its evident that 2021 would be the year of Bitcoin (not a prediction, just my assumption). But will this be the year to HODL the existing Bitcoin or do daily trading? If there is no drop in the value of Bitcoin then trader's profit will be lesser than those who Hodl bitcoin. What's your take on 2021 and how do you presume this year for bitcoin?

We have been in the bullish trend for the past 9 to 10 months so I don't really think that this year is going to be good for holding.Surely there will be a time comes when people will be dumping their coins but the time is not going to come any sooner, probably we still have a quarter ahead of it so what could be the maximum value will be reached in the meanwhile period.

Twinkledoe

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Quote from: ipanks on January 02, 2021, 05:32:56 AM

Quote from: Wysi on January 01, 2021, 03:20:23 PM

Looking at the current bull run its evident that 2021 would be the year of Bitcoin (not a prediction, just my assumption). But will this be the year to HODL the existing Bitcoin or do daily trading? If there is no drop in the value of Bitcoin then trader's profit will be lesser than those who Hodl bitcoin. What's your take on 2021 and how do you presume this year for bitcoin?

It could be, but the right answer is we do not know. We could hope that 2021 can bring the biggest profit to us from bitcoin, and that can make bitcoin get more adoptions from out there. Maybe if you have more than 10 bitcoin, you can sell your bitcoin for making money and trying to buy in the other dip so that you can see the bitcoin amount in your account will be increased than before. It is still better to do bitcoin trading because I see that the chance to get profit in bitcoin or usdt still wide open.

We can only speculate for what may happen with the bitcoin market this year. Because, we can't really exactly tell if the bullish run will continue or not. It can go down anytime soon for all we know. So if you are a holder, secure your holdings, you may either sell some of your portfolio and convert it to your fiat to ensure that you have funds ready or risk to hodl your btc and hope that everything will go with your plans. We started this year at a very good level for btc, achieving a new ATH for btc market.

ipanks

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Quote from: Wysi on January 01, 2021, 03:20:23 PM

Looking at the current bull run its evident that 2021 would be the year of Bitcoin (not a prediction, just my assumption). But will this be the year to HODL the existing Bitcoin or do daily trading? If there is no drop in the value of Bitcoin then trader's profit will be lesser than those who Hodl bitcoin. What's your take on 2021 and how do you presume this year for bitcoin?

It could be, but the right answer is we do not know. We could hope that 2021 can bring the biggest profit to us from bitcoin, and that can make bitcoin get more adoptions from out there. Maybe if you have more than 10 bitcoin, you can sell your bitcoin for making money and trying to buy in the other dip so that you can see the bitcoin amount in your account will be increased than before. It is still better to do bitcoin trading because I see that the chance to get profit in bitcoin or usdt still wide open.

Reid

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IMO, it's getting more difficult to sell it these days.
It's expensive and selling it might be the biggest regret we will make.

So I think the most probable that will happen is the "HODL".
Traders will start using altcoins to make profits like Ethereum or Litecoin and this could also be the reason why LTC is getting back its popularity.

Lorence.xD

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Quote from: mich on January 02, 2021, 04:22:31 AM

There are many very respected investors and 'experts' that think 2021 is going to be a rewarding year for those of us who continue to hodl our bitcoins. And new future investors will want to get into crypto soon.

Making price predictions for my coins is not something I am much into doing but I have read some data that indicates that a six figure price for bitcoin in 2021 is very possible.

Nobody really knows what happens next, most of these experts are just speculating, they want to have a say in the current situation. I hope that they are right even if they are just speculating, future investors will get a lot of profit or not depending on the speed of each spike.

Nothing wrong with making your own predictions, what's wrong is that you will force your predictions towards other people. The data is promising a big price hike, but who knows right? Remember when they did not believe that bitcoin will reach a certain amount.

mich

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Quote from: Wysi on January 01, 2021, 03:20:23 PM

Looking at the current bull run its evident that 2021 would be the year of Bitcoin (not a prediction, just my assumption). But will this be the year to HODL the existing Bitcoin or do daily trading? If there is no drop in the value of Bitcoin then trader's profit will be lesser than those who Hodl bitcoin. What's your take on 2021 and how do you presume this year for bitcoin?

There are many very respected investors and 'experts' that think 2021 is going to be a rewarding year for those of us who continue to hodl our bitcoins. And new future investors will want to get into crypto soon.

Making price predictions for my coins is not something I am much into doing but I have read some data that indicates that a six figure price for bitcoin in 2021 is very possible.

Hippocrypto

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Quote from: Wysi on January 01, 2021, 03:20:23 PM

Looking at the current bull run its evident that 2021 would be the year of Bitcoin (not a prediction, just my assumption). But will this be the year to HODL the existing Bitcoin or do daily trading? If there is no drop in the value of Bitcoin then trader's profit will be lesser than those who Hodl bitcoin. What's your take on 2021 and how do you presume this year for bitcoin?

This is truly a bullrun if we compared the current pattern from 2017, everybody never thought btc would reach awesome price at the end of 2020. The reality speaks for its action, that's why this 2021 it's just the beginning and will continue to soar more times.
Day trading can be a good option for people with huge capital, because potential passive income can be achieved if you're consistently driven with skills and patience.

pixie85

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We shall see but if we measure only % we'd have to go to 400 thousand dollars to repeat the 2017 gain.

This is already the highest price ever and it's likely we'll reach 50 thousand this year so price wise this year is going to be a huge eye opener for nocoiners.

Quote from: jackg on January 01, 2021, 03:28:24 PM

I suspect people trading things like Elliott waves or even "buy the dip" strategies might do quite well this year.

Even average traders do very good in bull market and they gain confidence and think they're actually good. Then reality slaps them in the face in the accumulation phase.

Kemarit

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Quote from: Wysi on January 01, 2021, 03:20:23 PM

Looking at the current bull run its evident that 2021 would be the year of Bitcoin (not a prediction, just my assumption). But will this be the year to HODL the existing Bitcoin or do daily trading? If there is no drop in the value of Bitcoin then trader's profit will be lesser than those who Hodl bitcoin. What's your take on 2021 and how do you presume this year for bitcoin?

These are the two best options, but remember, in a bull run if you do short day trading you are going to be REKT, so we might as well choose the best route, that is, to just HODL and wait for the eventual bull run this 2021.

Yes, we are already in a bull run, but personally, 2021 for me will the the break out year, $50,000 or more with this super fast rally and FOMO and companies scooping BTC whenever they can to push the boundaries and to a levels that we can only imagine.

Vaskiy

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Beyond certain price range the growth of bitcoin will slow down. Parallel to the growth of bitcoin there is growth happening with few altcoins. This might get boosted for a fast growth, and the same might lead to an altcoin season this year.

Whether it is gonna be the year of altcoin or bitcoin, it is our responsibility to keep hold and keep on increasing the portfolio volume with different assets that has got high chance of growth to happen.

error08

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Quote from: Oilacris on January 01, 2021, 05:48:43 PM

Quote from: Wysi on January 01, 2021, 03:20:23 PM

Looking at the current bull run its evident that 2021 would be the year of Bitcoin (not a prediction, just my assumption). But will this be the year to HODL the existing Bitcoin or do daily trading? If there is no drop in the value of Bitcoin then trader's profit will be lesser than those who Hodl bitcoin. What's your take on 2021 and how do you presume this year for bitcoin?

Are you sure that those who do actively trade does have less income or profit compared to those who held? You do get the wrong idea since the more you do engage into the market
the more chance for you to make profits more than on the amount that you can attain when you do just simply hold but of course this isnt for everyone and a much more riskier one.

It isnt just right for those traders not to make money considering that the price is volatile which means that as long as it moves then you can make money out of it.

2021 will be the year of bitcoin? No one knows because when it comes to future talks then we do only end up on making speculations and presumptions.

In the event of a bull run, it's not easy to trade actively, look at the current market condition, even the correction still bullish so far, we have been waiting for a big correction since bitcoin manages to reached $22k but it seems to persist to get back there. The question is; when the correction will occur? if $30k is the peak before a correction, then we can buy the dip at $20k and make more money in the next bull run in a few months. But if bitcoin continues to rise to $40k without any significant correction? people who do scalping can't expect much.

Oilacris

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Quote from: Wysi on January 01, 2021, 03:20:23 PM

Looking at the current bull run its evident that 2021 would be the year of Bitcoin (not a prediction, just my assumption). But will this be the year to HODL the existing Bitcoin or do daily trading? If there is no drop in the value of Bitcoin then trader's profit will be lesser than those who Hodl bitcoin. What's your take on 2021 and how do you presume this year for bitcoin?

Are you sure that those who do actively trade does have less income or profit compared to those who held? You do get the wrong idea since the more you do engage into the market
the more chance for you to make profits more than on the amount that you can attain when you do just simply hold but of course this isnt for everyone and a much more riskier one.

It isnt just right for those traders not to make money considering that the price is volatile which means that as long as it moves then you can make money out of it.

2021 will be the year of bitcoin? No one knows because when it comes to future talks then we do only end up on making speculations and presumptions.

Wysi

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Quote from: jackg on January 01, 2021, 03:28:24 PM

It'll probably be a year for both.

I suspect people trading things like Elliott waves or even "buy the dip" strategies might do quite well this year.

I think if we see like 2017, we won't go back. The $40-$60k region is what I suspect we'll go back to if we do make it up past $250k. So if it does that then holders will see a 100% return even without doing much more.

(These are my current ASSUMPTIONS so far I wouldn't recommend people speculate based on them - because I'm not).

That's a pretty decent assumption, I am sure hodlers will be receiving a good amount of return if they plan it accordingly and should be shaken by temporary fluctuations which Bitcoin might encounter and on the other hand panic selling will open the doors for more profit for the traders who will be waiting to buy low in order to sell at high. 2021 will be a year of Bitcoin and we will see new heights. I just hope regulators don't try to create any further problem for bitcoin as they are busy with XRP and USDT nowadays.

Topic: 2021 - will this be the year bitcoin? (Read 319 times)