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Quote from: Ricardo11 on February 13, 2024, 09:04:27 AM

Finally Bitcoin 50k Done. This is very good news for us. This is very happy news especially for Bitcoin holders. Since bitcoin is at 50k, I think now people who are not bitcoin holders, or who have never invested in bitcoin, are now addicted to bitcoin and those who stopped holding because of fear of falling bitcoin price will now hold long term in bitcoin, because I think, for the price of bitcoin is now 50k, for this has created faith in bitcoin in the minds of those failed holders. And they will definitely hold bitcoin long-term later.

Those persons who stop holding because of the fear of the price of Bitcoin falling won't start holding only because Bitcoin has reached $50,000 as they don't have any Bitcoin to hold, they have sold their Bitcoin when it was falling and for the few that kept some Bitcoin, they would start taking profits. Many traders are scared that the price of Bitcoin can't hold above $50,000 therefore they're looking for an exit plan then wait on the market to retrace before they start buying Bitcoin again. People don't hold Bitcoin when it gets to a high price, they take profits therefore don't think because Bitcoin has reached a new price that it'll continue to rise. When more investors would want to buy Bitcoin is when it gets to the past highest price in the last bull market because nobody would want to miss out on the new highest price.

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Quote from: Ricardo11 on February 13, 2024, 09:04:27 AM

Finally Bitcoin 50k Done. This is very good news for us. This is very happy news especially for Bitcoin holders. Since bitcoin is at 50k, I think now people who are not bitcoin holders, or who have never invested in bitcoin, are now addicted to bitcoin and those who stopped holding because of fear of falling bitcoin price will now hold long term in bitcoin, because I think, for the price of bitcoin is now 50k, for this has created faith in bitcoin in the minds of those failed holders. And they will definitely hold bitcoin long-term later.

What is your view on this matter?
And please correct me if I am wrong in any way.

Bitcoin price has touched $50,000 which is happy news for all investors and currently it is heading higher. The way Bitcoin is currently giving investors hope confirms that it is likely to rise further in the coming days. As the fourth halving awaits us in April, we can expect the price of Bitcoin to rise further before the halving. As the current market position is good and green candlesticks are being seen regularly, we can expect more value from Bitcoin in the coming days. So now there is enough time to invest, and it is better to buy bitcoins for long term investment. Of course now we will buy bitcoins and plan to hold for a long time because the bull season will start, so the price of bitcoin will increase faster.

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Quote from: AprilioMP on February 17, 2024, 07:46:54 AM

Quote from: Ricardo11 on February 13, 2024, 09:04:27 AM

What is your view on this matter?
And please correct me if I am wrong in any way.

It's already passed and $50k would be a good support price to climb further even if the halving hasn't happened yet. My view is that I am not very skilled at reading price charts, if the halving has not happened and prices continue to increase, then in my opinion many speculators are wrong in providing estimates.

There is no other solution other than to be patient and hold until the halving occurs. If the current price is $51,600 and has the potential to increase again past $52k+, of course at the halving the price will be even higher.

The price of Bitcoin has increased significantly over the past few days so there will be a temporary price correction at this time. We have seen the highest market price of Bitcoin since 2021 where the price went up to around $53000. Now after some temporary price correction, it is likely to turn bullish again. Bitcoin price increases as the halving time approaches. By researching the predictions of various experts, we may be able to see an all-time high for Bitcoin before halving occur.

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Quote from: AprilioMP on February 17, 2024, 07:46:54 AM

Quote from: Ricardo11 on February 13, 2024, 09:04:27 AM

-snip-

It's already passed and $50k would be a good support price to climb further even if the halving hasn't happened yet. My view is that I am not very skilled at reading price charts, if the halving has not happened and prices continue to increase, then in my opinion many speculators are wrong in providing estimates.

There is no other solution other than to be patient and hold until the halving occurs. If the current price is $51,600 and has the potential to increase again past $52k+, of course at the halving the price will be even higher.

In the next few weeks - I think $60K will probably be hit as long as this positive trend holds. Today's correction is not too bad - the price will only recover and will soon be above $52K again. It is difficult to predict the price in the short term - but great potential exists in the long term especially after the halving.

$50K has been strong support today during the price correction - but if a lot of investors panic and dump a lot of bitcoin, then $50K might not be so strong. I still see good potential during this February - so just patiently wait to see if $55K or above will be hit.

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Quote from: philipma1957 on February 13, 2024, 10:58:18 AM

50k is a disaster for miners. In 60 days miners are in a lot of trouble.

From the difficulty change perhaps ? I remember mining and wishing afterwards I just carried on to hold a bit more then I did because the price justified the mining in retrospect.
It can be true in general that rapid price changes lead to difficulties as these gains qualify as volatility in BTC. It may appear a positive but it also means the previous pricing is seen as inaccurate and those who traded back there or attempt to do so now are disadvantaged in some way. Its the actual users who count far more then speculators even those that hold BTC longer term count less then actual users day to day.
For whatever reason many gains are sold off but todays low price is still a good one, it appears to be a round number near to 50k but more important to me is this recovery from that low today means price action stays above the weekly average. Also to end today now we have BTC back above a 12hr average again, generally its strong while doing so. A test or rejection to the downside should be taken positively.

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Quote from: AprilioMP on February 17, 2024, 07:46:54 AM

Quote from: Ricardo11 on February 13, 2024, 09:04:27 AM

What is your view on this matter?
And please correct me if I am wrong in any way.

It's already passed and $50k would be a good support price to climb further even if the halving hasn't happened yet. My view is that I am not very skilled at reading price charts, if the halving has not happened and prices continue to increase, then in my opinion many speculators are wrong in providing estimates.

There is no other solution other than to be patient and hold until the halving occurs. If the current price is $51,600 and has the potential to increase again past $52k+, of course at the halving the price will be even higher.

If I'm not mistaken, we even had $52k already, so that is a big jump from this month, and so far it's a 20%++ increased this February alone. However, we still have to wait for the climb to be solid. At least give $50k some time to become a support before we get excited and said that we really achieved that price and it's done. So far the price is $51k'ish, as there are some liquidations already in the millions.

And it's obvious that this huge spike is due to the Spot Bitcoin ETF, as the demand is souring high. We still have the catalyst for the bull-run this year, and that is the block halving. This is the most anticipated event for this year and it will really push the demand the price to even greater heights. So just be patience and be cool, we should be here for the long haul and not just for $50k.

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Well done, bitcoin already passed $50k and what the speculation next higher price target with bitcoin, are there with possibility bitcoin reach to $60k in this month or raise until $70k before ended of February. After ETFs approval many people expected with bitcoin will raise and easily break out to $50k, I think next possibilities bitcoin will raise to $65K.

Quote from: AprilioMP on February 17, 2024, 07:46:54 AM

There is no other solution other than to be patient and hold until the halving occurs. If the current price is $51,600 and has the potential to increase again past $52k+, of course at the halving the price will be even higher.

Bitcoin has potential to increase more higher price after success break out $52k, just take short term awhile for bitcoin break out to highest price for this years and I believe has many new highest price until near close with halving. Bitcoin halving left two months and bitcoin have in the positive viewed with increasing to higher price.

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Quote from: Ricardo11 on February 13, 2024, 09:04:27 AM

What is your view on this matter?
And please correct me if I am wrong in any way.

It's already passed and $50k would be a good support price to climb further even if the halving hasn't happened yet. My view is that I am not very skilled at reading price charts, if the halving has not happened and prices continue to increase, then in my opinion many speculators are wrong in providing estimates.

There is no other solution other than to be patient and hold until the halving occurs. If the current price is $51,600 and has the potential to increase again past $52k+, of course at the halving the price will be even higher.

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Quote from: cryptomaniac_xxx on February 16, 2024, 08:40:01 AM

Quote from: Sorryfor on February 15, 2024, 11:37:27 PM

The current price of Bitcoin is slightly above $52000. Bitcoin has been very dynamic for a while now. I think Bitcoin will cross $60,000 in a few days. It has now turned into a golden deer for those who invested $35,000 to $40,000 in Bitcoin. Still if you can invest in Bitcoin with small projects then I think there will be a chance of profiting from here in a few days. Because it is starting to cross the bull market. Bitcoin investing is most likely to yield a good profit at the end of the day.

Yes, it's dynamic because the sentiments is very bullish. Now we are not talking about breaking $50k as we have done that. Now speculators are looking at $60k, and it's just a question when we are going to break it. Majority is looking for it to be this month, and guess what, even a new ATH is being discussed as well. This pre-halving run is very different though, we haven't seen this before and maybe this is due to the approval of Bitcoin Spot ETF last month.

And that's the effect is just now being felt as everyone is in FOMO and doesn't want to miss this huge run and then make profits. Sooner or later though, there could be another profit taking around $55k before we can go and hit $60k.

It must be remembered that the effect of the ETFs is something that can come right now, I don't think it will be yuam, but since everyone in January thought that bitcoin was going to rise to more than $50k due to the approval, well it could be that until now That effect is being seen, I don't know, but what else could the explanation be? I don't think it is due to some passive effect of the US economy, but it could be because the effect of the ETFs is already being seen.

The halving effect is separate and the effect of a new ATH is Assumed to be Around 2025 , it may be sooner, but everything will be decided depending on how the market continues, the most believers of bitcoin say and affirm that yes, it will be a fact, that We are already in that bullish market effect, I hope so, because I would like to see the price of bitcoin very high, but it is only what I want, it may be that the opposite happens because that is how it sometimes happens, so you have to know handle us, it is a very good time to buy yes.

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Quote from: Sorryfor on February 15, 2024, 11:37:27 PM

The current price of Bitcoin is slightly above $52000. Bitcoin has been very dynamic for a while now. I think Bitcoin will cross $60,000 in a few days. It has now turned into a golden deer for those who invested $35,000 to $40,000 in Bitcoin. Still if you can invest in Bitcoin with small projects then I think there will be a chance of profiting from here in a few days. Because it is starting to cross the bull market. Bitcoin investing is most likely to yield a good profit at the end of the day.

Yes, it's dynamic because the sentiments is very bullish. Now we are not talking about breaking $50k as we have done that. Now speculators are looking at $60k, and it's just a question when we are going to break it. Majority is looking for it to be this month, and guess what, even a new ATH is being discussed as well. This pre-halving run is very different though, we haven't seen this before and maybe this is due to the approval of Bitcoin Spot ETF last month.

And that's the effect is just now being felt as everyone is in FOMO and doesn't want to miss this huge run and then make profits. Sooner or later though, there could be another profit taking around $55k before we can go and hit $60k.

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The current price of Bitcoin is slightly above $52000. Bitcoin has been very dynamic for a while now. I think Bitcoin will cross $60,000 in a few days. It has now turned into a golden deer for those who invested $35,000 to $40,000 in Bitcoin. Still if you can invest in Bitcoin with small projects then I think there will be a chance of profiting from here in a few days. Because it is starting to cross the bull market. Bitcoin investing is most likely to yield a good profit at the end of the day.

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Quote from: BITCOIN4X on February 15, 2024, 03:47:49 PM

~snip~It is only a matter of time until the price passes the previous ATH, but privately people tend to believe that the new ATH will not be hit before the halving. The current increase in demand can be said to be natural, investors are taking advantage of the momentum to buy a lot before the halving in the hope of getting worth it returns in the next few months.

The momentum of the fourth halving which will occur in about 3 months will be a moment that makes the market even more bullish. But when the price of $60,000 can be reached easily because the current market trend is getting better, that will be good news. The last ATH was $69,000 and Bitcoin is now in the $51,000 price area, this is certainly very close. I hope that this ATH can provide a lot of profits and that many investors will start to enter and invest in Bitcoin or potential top altcoins.

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This is good, so far we have seen a break of the $52k resistance although currently the price is experiencing a slight decline. The good news is, we are only -25% away from the previous ATH at the moment and if this positive trend continues until the end of the month then $60k becomes possible.

It is only a matter of time until the price passes the previous ATH, but privately people tend to believe that the new ATH will not be hit before the halving. The current increase in demand can be said to be natural, investors are taking advantage of the momentum to buy a lot before the halving in the hope of getting worth it returns in the next few months.

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In the most cases, we have seen that Bitcoin have taken another turn and move against all market speculation and beliefs since we are not yet in the halves and this price speed is happening, I am sure that when after the Bitcoin halves which are around the next one to two months ahead, this is what has made a lot of us keep back at what we really mean to hold Bitcoin at this point in time.

But to be sincere with you, I have some exciting feelings about the whole market dynamism even though it may be unfavourable to most other Bitcoin community members who may have not taken the time to analyse the market and to come out with anything close to what we expect.

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Quote from: Ricardo11 on February 13, 2024, 09:04:27 AM

What is your view on this matter?

Bitcoin already crossed 50k, and it is exciting to be a holder at this time, not just someone hearing about all the bullish prices and outside regretting because they have no bitcoins. I consider it a very good sign as well because it is evidence that this halving will take the value of bitcoins really up maybe more than what we expect.

Quote from: Davian144 on February 14, 2024, 03:38:59 PM

The price of Bitcoin crossed $52K today and this could be a sign that Bitcoin will probably continue to rise this month and will never stop at the current price.

There can be some drawback maybe by an event that may just happen to bring the price down again, but as long as bitcoin has done more than 50k before the halving, it has already shown us the greenlight we want to see that a new ATH will be set.

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Quote from: Hallroom on February 14, 2024, 12:33:11 AM

Bitcoin price has pumped up to a maximum of 50k dollars. 2023 and 2024 have been record highs, those who invested in early 2023 have been able to reap maximum benefits.
The higher the price of Bitcoin, the higher the profit, the lower the risk of investing in Bitcoin.

The price of Bitcoin crossed $52K today and this could be a sign that Bitcoin will probably continue to rise this month and will never stop at the current price. Because I don't see excessive price corrections in a matter of hours and in fact often immediately get price corrections to increase when there is a slight correction so that the increase in Bitcoin prices could continue to an even greater level than the current one. So for investors it seems there is still time to be patient and not sell now if you still want more profits.

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Quote from: JoyMarsha on February 14, 2024, 12:16:55 PM

Quote from: Ricardo11 on February 13, 2024, 09:04:27 AM

for the price of bitcoin is now 50k, for this has created faith in bitcoin in the minds of those failed holders. And they will definitely hold bitcoin long-term later.

The faith has been there for those who understand Bitcoin, for hodling it for long-term purposes. It's only those newbies who don't understand bitcoin volatility will be drawn to it because of FOMO, thinking that they will win a short-term jackpot if they invest in bitcoin at its high price.

That's true, for those who have been in this game, we all know that sooner or later we will see the price increasing again. It might take a lot of though, like mentally tough for us. But if you have been building our portfolio, then it's just the start.

If everyone hasn't seen the price, then thread is outdated, Grin

We are now going after $52k, and then most likely the next target will be $55k. So for sure, those moon boys are here again.

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Quote from: Ricardo11 on February 13, 2024, 09:04:27 AM

for the price of bitcoin is now 50k, for this has created faith in bitcoin in the minds of those failed holders. And they will definitely hold bitcoin long-term later.

The faith has been there for those who understand Bitcoin, for hodling it for long-term purposes. It's only those newbies who don't understand bitcoin volatility will be drawn to it because of FOMO, thinking that they will win a short-term jackpot if they invest in bitcoin at its high price.

I wouldn't be surprised if many investors would start to invest in bitcoin because there is a price increase. When it was at a low price, they were procrastinating about its price, thinking that the crypto market wouldn't boom. Now the price has increased, they start having FOMO. When they are caught from its price due to they invested for short term, they start complaining about the loss of investment made in bitcoin

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Quote from: Ricardo11 on February 13, 2024, 09:04:27 AM

Finally Bitcoin 50k Done. This is very good news for us. This is very happy news especially for Bitcoin holders. Since bitcoin is at 50k, I think now people who are not bitcoin holders, or who have never invested in bitcoin, are now addicted to bitcoin and those who stopped holding because of fear of falling bitcoin price will now hold long term in bitcoin, because I think, for the price of bitcoin is now 50k, for this has created faith in bitcoin in the minds of those failed holders. And they will definitely hold bitcoin long-term later.

What is your view on this matter?
And please correct me if I am wrong in any way.

People never learn from their mistakes. I registered on this forum in 2016 and I remember when some people were posting that Bitcoin would reach 10K and 20K in 2017, they were treated with laugh and many were even calling them spammers and stupids. Today we see Bitcoin reaching and surpassing 50K USD. I think this year will be the first year when we will reach a new all-time high before halving happens. 72 days have left, bitcoin gained so much in the past 72 days that I am confident, this year will be different from previous ones.

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Yes we are back it feels so nice to see this price. We did not see it for 2 years before now.

Well and now Bitcoin is price of 51k and we are back with a $1 Trillion marketcap. I do think alot of that is because of the halving hype that we will see in only a few months now.

https://www.cnn.com/2024/02/13/business/bitcoin-price-surge-halving/index.html

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