Bitcoin Climbs Above $19,000 – Heading to New All-Time High? - page 3.

sunsilk

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Quote from: Bitcoin_chaser on November 26, 2020, 02:02:24 AM

Quote from: sunsilk on November 25, 2020, 02:02:23 PM

Quote from: Bitcoin_chaser on November 25, 2020, 06:10:53 AM

Will we see an all time high soon?

We will. Before, we're seeing google searches that were all about bitcoin and it's being published in the news so it gets attention. This time, we don't have that but it's obvious that we're still getting it but with a plus. The plus, those companies that have recently expressed interest towards bitcoin.

Very valid point - we have seen companies such as PayPal start to accept crypto payments and larger firms starting to place their treasury assets and invest in Bitcoin - what large companies do you think will be next to follow in these footsteps?

It's hard to guess what will be the next big company that will announce their adoption to bitcoin. Just like PayPal, it's unexpected and a surprise that came favorable to us.

And just as expected. We're going through a healthy correction.

$19400 > $17349

Those who took the profits, congratulations to all of you. Now is the right time to take your profits and buy again at a lower price.

Bitcoin_chaser

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Quote from: sunsilk on November 25, 2020, 02:02:23 PM

Quote from: BitLimiter on November 25, 2020, 10:31:56 AM

in my opinion, the psychological sell is at 20k, this is just my theory, because in 2017 people bought around ATH

Those who have bought and wants a total out of bitcoin market will just sell. But those that have understood that volatility of bitcoin is what going to bring them profit, only if they've already understood how bitcoin's nature works.

Quote from: Bitcoin_chaser on November 25, 2020, 06:10:53 AM

Will we see an all time high soon?

We will. Before, we're seeing google searches that were all about bitcoin and it's being published in the news so it gets attention. This time, we don't have that but it's obvious that we're still getting it but with a plus. The plus, those companies that have recently expressed interest towards bitcoin.

Very valid point - we have seen companies such as PayPal start to accept crypto payments and larger firms starting to place their treasury assets and invest in Bitcoin - what large companies do you think will be next to follow in these footsteps?

lepbagong

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Quote from: Bitcoin_chaser on November 25, 2020, 06:10:53 AM

For the first time in nearly 3 years, Bitcoin has pushed above $19,000. The OG cryptocurrency soared about $20,000 back in December 2017, but was met with a bear market and a (mostly) dismal performance in 2018 and 2019.

Now, Bitcoin is teasing its bulls, having shown nearly consistent bull trends for the last few weeks. Will we see an all time high soon? https://bitcoinchaser.com/bitcoin-above-19000-heading-to-new-all-time-high/

bitcoin has indeed experienced a very sharp increase and this is surprising because the prediction circulating is that the increase will occur in the next year. but it could be that in this month bitcoin will experience a decline and it could happen, because bitcoin has experienced it in the past few months.

The sharp increase that will probably overtake 2017 will occur next year and by the end of this year with an already high enough price bitcoin will not be a surprise, but could drop to $ 15K or $ 16K. which next year will just start to increase sharply

Wexnident

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Probably better to move this to speculation? And if you want to ask questions about it, just browse through there imo. There are a lot of threads talking about prices, especially at this moment when ATH is almost here. As for climbing up to a new ATH, it's completely possible, and the situation is actually leaning towards it imo. Most were expecting the price to reach these heights at the end of the year, and having it a few weeks earlier seem to indicate that $20k might not be the minimum heights achievable. Ofc, there's still the chance that a massive sell off would happen, with most people either just wanting to break even from when they bought back in 2017, or people looking for a quick profit that bought back in the crash last march.

Ozero

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Quote from: Yudhisthir on November 25, 2020, 12:20:55 PM

A new all time high is sure. The market is still bullish and people are still buying like crazy. There are so much btc accumulated that it seems the whales are planning for a flash high that may go upto 30K before crashing it. So, it would be wise to plan accordingly and if you are not sure about how to survive in such market, take profit and stay away.

So far, despite the optimistic forecasts about the further growth of the cryptocurrency market and bitcoin breaking its previous price record in the near future, bitcoin is going to correct its price and pulling altcoins down with it. Its price now, according to CoinMarketCap, is $ 17,872, and ethereum is $ 532. It is possible that Bitcoin could fall to $ 14,000 before continuing to rise and this time breaking its previous record of $ 20,000. Of course, after a while we will again see a further bull market, since now a very good situation for further price growth in the cryptocurrency market.

btc_angela

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Quote from: CapGelatik on November 25, 2020, 02:48:44 PM

the situation is still very volatile and is still playing in the $ 18000- $ 19000 area,
even though it broke down to $ 19000, Bitcoin still can't break the all time high,
of course this will take time, maybe a correction will come first.

Obviously, if we look at the current price, there is already a price correction, $17,700 now and still going down. And market cap is down 7% as well, meaning something triggered the massive sell off of everything not just bitcoin.

I just we will have to wait again, whether we can break the previous all time high this year and reach above $20k or not. Too much volatility and selling pressure. But I do hope that this correction means that it is another buying opportunity for everyone, just saying.

Gozie51

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Quote from: CapGelatik on November 25, 2020, 02:48:44 PM

the situation is still very volatile and is still playing in the $ 18000- $ 19000 area,
even though it broke down to $ 19000, Bitcoin still can't break the all time high,
of course this will take time, maybe a correction will come first.

From the movement of price , the correction may not be too deep to expect a gain until ATH is broken. I think bitcoin price can have a spike arrow above the ATH, then the deep may be seen for profit taking.

Oilacris

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Quote from: 20kevin20 on November 25, 2020, 02:57:47 PM

It's just close to proving yet another time that, with patience, nobody's ever lost with Bitcoin over the long term. We're literally getting new ATHs every few years, and that speaks loud and clear facts.

Fun to see how a lot of people I've talked to thought Bitcoin is too expensive to be worth an investment only a few months ago, especially since they're the same people who thought Bitcoin was expensive under $800. The current market feels like the bulls are only waiting for their perfect time to enter the heavy run.

Even to those typical investors would really have that second thought because no can really predict the future and we do have our own views and perceptions thats why

people neither can go abide or would go against with its price.So its expected that we would see lots of words because if all would be having the same view or do agree with the
same thing then we cant just see the price level as of now which would really be more on higher one.

Im just amazed to those people who do able to withstand the bearish market for couple of years after we do almost hit up the ATH once again.

20kevin20

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It's just close to proving yet another time that, with patience, nobody's ever lost with Bitcoin over the long term. We're literally getting new ATHs every few years, and that speaks loud and clear facts.

Fun to see how a lot of people I've talked to thought Bitcoin is too expensive to be worth an investment only a few months ago, especially since they're the same people who thought Bitcoin was expensive under $800. The current market feels like the bulls are only waiting for their perfect time to enter the heavy run.

CapGelatik

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the situation is still very volatile and is still playing in the $ 18000- $ 19000 area,
even though it broke down to $ 19000, Bitcoin still can't break the all time high,
of course this will take time, maybe a correction will come first.

DarkDays

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Over the 3 years, BTC has outperformed any digital investment ever seen.
Not only is BTC heading towards that 20K and aligning with the new ATH peak we saw briefly in 2017 but this time it looks that the confidence is greater because if you look at the market cap you can see how that has gone up several times too.

All in all, this is to show the strong market BTC has been running and that its potential is far from being reached - alas - I dare say that this is the beginning Grin

usekevin

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Quote from: Bitcoin_chaser on November 25, 2020, 06:10:53 AM

For the first time in nearly 3 years, Bitcoin has pushed above $19,000. The OG cryptocurrency soared about $20,000 back in December 2017, but was met with a bear market and a (mostly) dismal performance in 2018 and 2019.

Now, Bitcoin is teasing its bulls, having shown nearly consistent bull trends for the last few weeks. Will we see an all time high soon? https://bitcoinchaser.com/bitcoin-above-19000-heading-to-new-all-time-high/

But it was a expected one over this 3 years and to be frank,I had sold huge of my bitcoin at less price.The price reduced to many low value and back to the top of mountain now.The final pump to the bitcoin is yet to come,so hold your valuable bitcoin and you may became a millionaire.

Haunebu

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Reaching a new ATH is pretty easy from here, but the tough part is staying in that zone for a long period which I doubt will happen. I feel like BTC inorganically rose in price because of the presidential elections, halving etc.

Am expecting BTC to pull back to the $13K-$16K zone in the near future after which it will probably continue rising organically in value. This is just my assumption based on historical trends.

However, I hope I am wrong and BTC should continue defying everyone's expectations and continue climbing higher and higher.

sunsilk

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Quote from: BitLimiter on November 25, 2020, 10:31:56 AM

in my opinion, the psychological sell is at 20k, this is just my theory, because in 2017 people bought around ATH

Those who have bought and wants a total out of bitcoin market will just sell. But those that have understood that volatility of bitcoin is what going to bring them profit, only if they've already understood how bitcoin's nature works.

Quote from: Bitcoin_chaser on November 25, 2020, 06:10:53 AM

Will we see an all time high soon?

We will. Before, we're seeing google searches that were all about bitcoin and it's being published in the news so it gets attention. This time, we don't have that but it's obvious that we're still getting it but with a plus. The plus, those companies that have recently expressed interest towards bitcoin.

pixie85

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Quote from: Upgrade00 on November 25, 2020, 10:32:30 AM

Quote from: BitLimiter on November 25, 2020, 10:31:56 AM

in my opinion, the psychological sell is at 20k, this is just my theory, because in 2017 people bought around ATH

Waiting about 3 years just to sell as soon as you break even? Anyone who bought at the peak back in 2017 and has held till now has probably done a lot of research about Bitcoin and its fundamentals and believed it could bounce back and surpass its ATH, they could have even added more to their stash during the long hodl phase. I would expect they would hold a bit more to get some profits.

Correct. People who bought at the peak of the last bull market are long done with their bags.

It's possible some held at 10000 but when it broke down you'd have to be AFK to hold with 80% loss for more than a year.

On the other hand someone did not care about an 80% loss he won't care about breaking even especially knowing that Bitcoin has a history of overshooting targets. People who sold when we broke the 1000 top for the second time lost an opportunity to earn 3x that just a few weeks later.

Yudhisthir

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A new all time high is sure. The market is still bullish and people are still buying like crazy. There are so much btc accumulated that it seems the whales are planning for a flash high that may go upto 30K before crashing it. So, it would be wise to plan accordingly and if you are not sure about how to survive in such market, take profit and stay away.

kryptqnick

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I think it's highly likely that Bitcoin will surpass the previous ATH in the nearest future, but probably not by much. And the question to me is not about the new ATH, but about the price at which it stabilizes and the price below which it won't go. Last time it was about $6k-$7k, but can this time the "low" be around $10k? I think it would be lovely if it happens. I'm perfectly okay with $10k, honestly. The price is not the priority IMO, the adoption of Bitcoin as money is. So honestly, I'm not even that excited about what's happening right now with the price.

Husires

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The price did not reach that level in 2017, except for a few minutes or hours, and it was a crazy price, and many people did not believe that they had bought or sold at that price.
Breaking the resistance at $ 20,000 means that we will witness new highs and lows above $ 20,000.
The difference that has happened is that we see that the price stabilizes at this level and a lot of people expect the continuation of stability. So you don't find some panic and start selling like they did in 2017.

Upgrade00

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The constant talk about the price becomes very common during price spikes such as these. When Bitcoin eventually surpasses its previous peak, I would expect pages of threads here and also on the speculation board asking 'what is the next ATH?', or 'should we expect a correction soon?' as well as blog articles focusing on the price.
It's one of the downsides of the bullrun, but a good indicator that fomo is beginning to build up.

Quote from: BitLimiter on November 25, 2020, 10:31:56 AM

in my opinion, the psychological sell is at 20k, this is just my theory, because in 2017 people bought around ATH

Waiting about 3 years just to sell as soon as you break even? Anyone who bought at the peak back in 2017 and has held till now has probably done a lot of research about Bitcoin and its fundamentals and believed it could bounce back and surpass its ATH, they could have even added more to their stash during the long hodl phase. I would expect they would hold a bit more to get some profits.

BitLimiter

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in my opinion, the psychological sell is at 20k, this is just my theory, because in 2017 people bought around ATH

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