Topic: Bitcoin at 20 000$ tomorrow? - page 9. (Read 2585 times)

For sure it may affect the price of all crypto currency especially the bitcoin price will increase more.
There are many prediction about the bitcoin price, the other said it can reach $50K or $60K but for me it's too high, I think before the end of the year maybe it will reach $20K.

I have read a lot that the traditional financial institutions are willing to start with cryptocurrency trading desk and start offering cryptocurrencies. But there isn't much of a proof to that. But the recent report by Thomson Reuters which claims that over 53 traditional financial institutions are ready to bring in cryptocurrency in their system by October which means that the price will easily rise above $25k with traditional finance money jumping in after waiting on the sidelines.

Tytanowy Janusz you write interesting post, I see something like this few times on forum. Idea that some very rich person can come in market and invest billions in BTC is in any case possible, but I think that we not have such person in this moment - Buffet certainly is not one of these people since he is talking against BTC all time. Also problem may be in fact that most of rich people have their fortune in real estate, gold/silver , works of art and so on, so it is hard to expect they will change their opinion regarding BTC over night, especially because it is very risky asset.

But in any case I leave all options open when it comes to BTC, even such scenario is not easily achievable.

Its not troll topic. Its math speculation and opening to bigger discussion.

Now let me explain this nonsense from topic:

Currently we have 17 mil bitcoins according to statistics 4-6mil are already lost(forgotten pasword, burned during wrong transfers etc). That gives us 11 mil of bitcoins. Few mils are stuck on wallets where they have to be (for example mt gox wallet), on longtime hodlers etc. Lets say that we have 8 mil of bitcoins that can be possibly dump.

Now imagine that 1 whale came to the market tommorow and set buy order on 20k with 2 mil coins (500k to eat walls and 1500k to show that you are not the gay that others want to mess with ) - 40 bil offer.  Is it possible? - Warren Buffet has 80 bil $. Most of them are locked in investition but its only example
How many of those 8 mil would be dumped in this situation? How many fomo investors will jump in? I think that those 1.5 mil coins wont be eaten (many investors seeing that big wall wont sell). Some of traders will move their offers obove that huge wall to be able to trade at all. What if he would do this pump after first good news (redtube supports bitcoin   ). Society will make dozens of video and posts on forums that this caused bitcoin to moon.

Why would he do that?
Imagine he already have 1 mil coin bough from 5-5000$ (this makes 7 mil not 8 possible to dump). Selling them now will caus huge dump. After this huge pump he would be able to dump everything on higher prices.

Shittalk and noone would do that?
This scenario happend in smaller scale 12 april 2018 when we had pump from 6900 to 8000 in 30 min. Someone just came to the market and said :"From today we trade at levels 8k+. If anyone disagree you are out of trading for next months". Some of traders and holders disagree and tries to dump their coins on him (thats why second candle after this pump was short with high volume).

Im not talking that this will happen tommorow. I post this math speculation to show you guys that in trading world nothing is ceraint. Even best analysis wont predict you from whales that can change market dramatically.
Good aspect of this is that its imposible to do that in south direction. Because if someone would use his few mil bitcoins to dump to 1$ there will be whales who would buy his few mil cos for few mil $ and stop this.

We have supports, resistances, trendlines, RSI but they have money. We should start to think like a whale. Thinking where he is trying to trick us. Where he is prepering for big moves etc. Alwais after any analysis try to think beafore transaction "isnt it a whale who is trying to push me into this trade by showing buy oportunity?"

f bitcoin reaches $ 20000 tomorrow then it is great for the investors they are going to make a profit, and the bitcoin market will really heat up with us as great as tomorrow's price. Its going to be 20000 dollars

the price movement of bitcoin will not forever have the same price increase as the year 2017 yesterday, because in this year the big players do a lot of price manipulation so that the market price movement tend to always decrease. in this year many whales take a role to drop the market price, they can deliberately easily play the market price. it may be until the end of this year bitcoin prices are not up to touch back at a price of $ 20k, but we all can not predict, hopefully this year there will be many surprises about the rise in bitcoin prices

Interesting to read but I doubt that it it will happen.

Yes the whales have manipulated the market but I think now manipulation rate has been diluted because of many newbie investors and still they have the ability to manipulate but I don't think they are holding the most part of bitcoin so they just can initiate the transaction and the result will be panic selling by new investors.

I guess big investors are planning to come in heavily!

This is a rediculous prediction. Bitcoins price will not grow that instant because it depends on the investors interest on the coin. We may realize the price to be back to $20k, but not instantly tomorrow.

Its not troll topic. Its math speculation and opening to bigger discussion.

Now let me explain this nonsense from topic:

Currently we have 17 mil bitcoins according to statistics 4-6mil are already lost(forgotten pasword, burned during wrong transfers etc). That gives us 11 mil of bitcoins. Few mils are stuck on wallets where they have to be (for example mt gox wallet), on longtime hodlers etc. Lets say that we have 8 mil of bitcoins that can be possibly dump.

Now imagine that 1 whale came to the market tommorow and set buy order on 20k with 2 mil coins (500k to eat walls and 1500k to show that you are not the gay that others want to mess with ) - 40 bil offer.  Is it possible? - Warren Buffet has 80 bil $. Most of them are locked in investition but its only example
How many of those 8 mil would be dumped in this situation? How many fomo investors will jump in? I think that those 1.5 mil coins wont be eaten (many investors seeing that big wall wont sell). Some of traders will move their offers obove that huge wall to be able to trade at all. What if he would do this pump after first good news (redtube supports bitcoin   ). Society will make dozens of video and posts on forums that this caused bitcoin to moon.

Why would he do that?
Imagine he already have 1 mil coin bough from 5-5000$ (this makes 7 mil not 8 possible to dump). Selling them now will caus huge dump. After this huge pump he would be able to dump everything on higher prices.

Shittalk and noone would do that?
This scenario happend in smaller scale 12 april 2018 when we had pump from 6900 to 8000 in 30 min. Someone just came to the market and said :"From today we trade at levels 8k+. If anyone disagree you are out of trading for next months". Some of traders and holders disagree and tries to dump their coins on him (thats why second candle after this pump was short with high volume).

Im not talking that this will happen tommorow. I post this math speculation to show you guys that in trading world nothing is ceraint. Even best analysis wont predict you from whales that can change market dramatically.
Good aspect of this is that its imposible to do that in south direction. Because if someone would use his few mil bitcoins to dump to 1$ there will be whales who would buy his few mil cos for few mil $ and stop this.

We have supports, resistances, trendlines, RSI but they have money. We should start to think like a whale. Thinking where he is trying to trick us. Where he is prepering for big moves etc. Alwais after any analysis try to think beafore transaction "isnt it a whale who is trying to push me into this trade by showing buy oportunity?"

Well the $20,000 is a bit more optimistic value and Bitcoin cannot jump so high in a night. We have been waiting till Bitcoin cross $10,000 and after crossing this limit, there are going to be some handsome price appreciations and it might reach $20,000 very soon. This is something that market demand determines and as far as the market is concerned, the demand is rising because people can own Bitcoin at a low level.