Bitcoin gave a 230% returns in 2020: will the rally continue?

Hypnosis00

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The increase in Bitcoin this year is indeed extraordinary,
the increase of 200% more makes Bitcoin even more popular to discuss in the world, CNBC is one of them,
of course this rally will continue, because I still like it, and the world also knows it.

I feel the hypes this year and is too far from how it shown during the last Bullrun (2017). I can't tell that the rally will continue but just a hope to give.
if we take a look on the its history, we definitely find out that the price keeps moving high and every bullish run will make Bitcoin more pricey and maybe the next Bullrun we are able to reach $50k or even more. Ain't that possible I know coz probably in the coming years (4years from now) the demand is high and more companies are in crypto already which could hugely affect the trend.

wxa7115

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Quote from: New_order on December 25, 2020, 12:11:08 PM

It shouldn't matter if the rally continues or not, if you have make good return of investment be contented, this is why many failed to get to higher level, they want to make biggest gains with bitcoin, the fact is Bitcoin will always bring losses and profits, always be contented

While you are right that people should be glad of whatever profits they had because there are is a great deal of traders out there that got no profits at all even with the current movement at the same time I think it is inevitable that people want to know if the rally is going to continue or not.

Some people could change their lives and improve them for the better if the price of bitcoin reaches a certain threshold and they are excited about this outcome because reaching a certain price can be the difference between having a good amount of money and securing your future for as long as you are alive.

Kopetunto

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Bitcoin's all time low this year is $ 3800, and Bitcoin all time high is currently $ 28200,
the rise has really been incredible this year, one of the best investments I have ever seen!
The rally will continue, so don't worry..

justdimin

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Quote from: SquallLeonhart on December 29, 2020, 12:07:59 AM

When things look too good to be true they usually are, and bitcoin looks too good to be true as of right now and that scares me. Obviously bitcoin is not a scam, it could never be a scam, the tech is there and blockchain is there and everything is safe, but like we could go under 1k even in a day, all we need is satoshi to sell his 1 million, or maybe grayscale dump all of their coins. Suddenly we would crash incredibly hard. Aside from something unexpected like that, we look fine but that still scares me a lot so I don't know how to feel.

Waiting for bitcoin to go up is one way of looking at things, however if everyone just waits the price can't go up, you have to take part in the increase. The local exchange I use finally managed to have a credit card installment ready, now thanks to this I will be buying bitcoin for 500 fiat every month (not dollars), just keep on buying small by small all the time.

For example if you are smoking, this is the right time to quit smoking and instead put your money into crypto, so if you spent like 5 dollars per day on smoking, just wait few days and buy bitcoin with that instead. Do not EVER consider your small investment is too small, because when you put money into things small by small it makes up for a huge amount. And when you do that over course of few decades, you retire a very very rich person. That is my aim for now and I suggest the same.

SquallLeonhart

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From the observation of current market scenarios, I would say it is not looking bad, it does increase a lot, then have a small drop, then increase a lot once again, and keeps doing that for a very long period of time. I can't believe what we are living in right now, there is really nothing that could stop this and that makes me very scared of the future.

When things look too good to be true they usually are, and bitcoin looks too good to be true as of right now and that scares me. Obviously bitcoin is not a scam, it could never be a scam, the tech is there and blockchain is there and everything is safe, but like we could go under 1k even in a day, all we need is satoshi to sell his 1 million, or maybe grayscale dump all of their coins. Suddenly we would crash incredibly hard. Aside from something unexpected like that, we look fine but that still scares me a lot so I don't know how to feel.

carlfebz2

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Quote from: Wulan_maniez on December 28, 2020, 06:13:53 PM

If we repeat history, 2021 bitcoin is still potentially more expensive, but we do not know what the highest price. But when bitcoin makes a new price,
of course there will be some corrections. If so, it’s good for those who want to buy back bitcoin after taking advantage, or for those who haven’t had
time to own bitcoin. I don’t think it’s a problem if bitcoin declines, because it will recover.

The issue here is that bitcoin isnt something cheap that you would able to buy anytime and to think that not all are rich investors on here which means we do buy in partial or in satoshis.

Nothing is assured or known on what would happen in the future if this rally would continue on next year to come or would be having an another bearish market for the entire year or couple of years.

Some had already secured out their position and taking up profits and just waiting for some deep correction but it seems this rally cant really be stopped and still continuing to rise overtime.

$30k might be possible as of this year yet 3k movement isnt really that too far off.

Wulan_maniez

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If we repeat history, 2021 bitcoin is still potentially more expensive, but we do not know what the highest price. But when bitcoin makes a new price,
of course there will be some corrections. If so, it’s good for those who want to buy back bitcoin after taking advantage, or for those who haven’t had
time to own bitcoin. I don’t think it’s a problem if bitcoin declines, because it will recover.

HedgeFx

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Quote from: JimboToronto on December 28, 2020, 12:28:25 PM

Quote from: HedgeFx on December 28, 2020, 11:48:10 AM

Well, big rally in 2017 ended in January 2018... So we are near a fireline.

I think we will see bitcoin under 20K as soon as we think. My target price for 2021 is 5.000$ .

So what has the 2017 rally got to do with now?

This is like the 2016 rally which passed the old 2013 ATH and ended in January 2017. We had an even bigger rally later in the year.

That was like the previous halving which surpassed the old 2011 ATH and crashed in April 2013. We then had an even bigger rally later in the year.

We might see a big dip in coming weeks but it's extremely unlikely to fall below $20k. Target price $5k? That's ridiculous.

I'll go with what experienced Bitcoiners and industry insiders are predicting: target price for 2021 is $300k-$400k.

ene1980

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Quote from: JimboToronto on December 28, 2020, 12:28:25 PM

We might see a big dip in coming weeks but it's extremely unlikely to fall below $20k. Target price $5k? That's ridiculous.

I'll go with what experienced Bitcoiners and industry insiders are predicting: target price for 2021 is $300k-$400k.

Which industry insiders predict that the price would rally to $300k to $400k next year, even if it crosses a quarter of those levels then it will be massive and what happens when the bubble bursts. All the institutional investors will dump all the coins they are holding at one point or the other and if that happens the crash would be huge and it will attract SEC and other authorities to investigate these price manipulation Grin

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Hamphser

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Quote from: 7788bitcoin on December 28, 2020, 01:30:42 PM

Quote from: New_order on December 25, 2020, 12:11:08 PM

It shouldn't matter if the rally continues or not, if you have make good return of investment be contented, this is why many failed to get to higher level, they want to make biggest gains with bitcoin, the fact is Bitcoin will always bring losses and profits, always be contented

How can you end up in a loss if you are not selling the coins, in any investment make sure you invest when the market is going through a correction and not when the market is rallying if you are afraid of the market going down all of a sudden.

The market is still moving up, a few hours back the market had a 3% correction and i thought we might see a correction but now the market is recovering and i am just watching the market and i have no idea how long this rally will continue.

This is what makes this situation too difficult to make out some decision because you wouldnt know on what would happen next.It can really correct anytime but we dont
know on how deep it would really be going down and same as you had analyzed or observed, we do saw that the price do really make out some correction
but it isnt really that severe like those previous years were crashing market is just like already a typical one but now the price do able to withheld its price and
thats a good indication that there were lots who were really go after into supporting this market.

7788bitcoin

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Quote from: New_order on December 25, 2020, 12:11:08 PM

It shouldn't matter if the rally continues or not, if you have make good return of investment be contented, this is why many failed to get to higher level, they want to make biggest gains with bitcoin, the fact is Bitcoin will always bring losses and profits, always be contented

How can you end up in a loss if you are not selling the coins, in any investment make sure you invest when the market is going through a correction and not when the market is rallying if you are afraid of the market going down all of a sudden.

The market is still moving up, a few hours back the market had a 3% correction and i thought we might see a correction but now the market is recovering and i am just watching the market and i have no idea how long this rally will continue.

JimboToronto

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Quote from: HedgeFx on December 28, 2020, 11:48:10 AM

Well, big rally in 2017 ended in January 2018... So we are near a fireline.

I think we will see bitcoin under 20K as soon as we think. My target price for 2021 is 5.000$ .

So what has the 2017 rally got to do with now?

This is like the 2016 rally which passed the old 2013 ATH and ended in January 2017. We had an even bigger rally later in the year.

That was like the previous halving which surpassed the old 2011 ATH and crashed in April 2013. We then had an even bigger rally later in the year.

We might see a big dip in coming weeks but it's extremely unlikely to fall below $20k. Target price $5k? That's ridiculous.

I'll go with what experienced Bitcoiners and industry insiders are predicting: target price for 2021 is $300k-$400k.

HedgeFx

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Well, big rally in 2017 ended in January 2018... So we are near a fireline.

I think we will see bitcoin under 20K as soon as we think. My target price for 2021 is 5.000$ .

Fredomago

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Quote from: New_order on December 25, 2020, 12:11:08 PM

It shouldn't matter if the rally continues or not, if you have make good return of investment be contented, this is why many failed to get to higher level, they want to make biggest gains with bitcoin, the fact is Bitcoin will always bring losses and profits, always be contented

Very important and well said that whenever you achieve your targets should not become too greedy else all your unrealized profits will just be on paper if you do not sell it. So should keep making money and book profits. If you are completely for long term investment and know for sure quickly it will jump to another new level then holding is beneficial.

It's your call, basing from how you understand the situation each market rise always accompanied by good decision making either to bank your profits or to keep your assets and wait for more rise to comes up.

The more you understand everything the better chances that you'll be able to choose the right direction for your investment.

The rally will continue as long as there are investors who are willing to support this system. Things will be positive as market will relied with supply and demand.

lixer

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Rally will continue, don't know how much returns it will show but 2021 looks to be a promising year for sure. First of all halving is still in full effect right now, people are mining a lot less which means selling a lot less, plus there are companies who bought 10k+ bitcoins and made insane returns which made other companies jealous of them and they are buying too, more and more companies now own 10k+ than ever before, and there will be more of them which means buying will go up as well.

So with less selling and more buying the price is bound to go up, there is no way that we will see the type of crashes we used to see back in the day anymore. It is clear that if the price of bitcoin ever goes down too much, the big companies will come up with a lot of money and they will end up with buying more of it, not making it go down as much as it used to.

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Quote from: mianvicky1 on December 22, 2020, 09:13:26 PM

you bought one Bitcoin in 2013 and hold it, you would have made $23000 by now. The world’s most sought-after cryptocurrency has already given more than 200% return this year. Now what we see is that a big dip or will this rally continue in 2021?

That;s why btc is so popular over the world .The high volatile market could give you a huge amount of return if you enter at the right time on the market .He who bought in cheap have gotten enough profit and the rally is still going to the up .I think we could see the price on 30k$ soon at the year end .So keep patient and see the game of it .

kpierce77

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Quote from: Ridwan Fauzi on December 26, 2020, 07:02:01 AM

Quote from: mianvicky1 on December 22, 2020, 09:13:26 PM

you bought one Bitcoin in 2013 and hold it, you would have made $23000 by now. The world’s most sought-after cryptocurrency has already given more than 200% return this year. Now what we see is that a big dip or will this rally continue in 2021?

I guess no, you will sell your bitcoin when its price touched $20.000 at 2017 ago. Even, if you still hold in 2017-2018 pariod you will sell it below $20.000 I bet you will sell it because its pricr just continue to fall even its price reached $3500 at 2018.

Bitcoin is a good place for investment as long as you believe by its function and its feature. But it will be bad as an investment place if you see on the price side. The price is very volatile because some countries are tend to refuse its utilization and this thing will make uncomfortable to hold it for long term investment.

hahah right, but who wouldn't sell their bitcoin in 2017 if they bought it in 2013. bitcoin still has a lot of plus&negative views because they are still inferior to traditional investments which are actually backed by real assets, that's why they can't do mass adoption to date

Ridwan Fauzi

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Quote from: mianvicky1 on December 22, 2020, 09:13:26 PM

you bought one Bitcoin in 2013 and hold it, you would have made $23000 by now. The world’s most sought-after cryptocurrency has already given more than 200% return this year. Now what we see is that a big dip or will this rally continue in 2021?

I guess no, you will sell your bitcoin when its price touched $20.000 at 2017 ago. Even, if you still hold in 2017-2018 pariod you will sell it below $20.000 I bet you will sell it because its pricr just continue to fall even its price reached $3500 at 2018.

Bitcoin is a good place for investment as long as you believe by its function and its feature. But it will be bad as an investment place if you see on the price side. The price is very volatile because some countries are tend to refuse its utilization and this thing will make uncomfortable to hold it for long term investment.

DevilSlayer

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The momentum is still there and it is recently broke the new resistance at $24,800. The candle right now is a confirmation candle which means that the trend is not yet exhausted and there is still high chance that there will be another rally that may happen. For me we are still early stage of ATH and for those trend followers like me, do not yet let go your positions because there are no selling signals. Kindly study and have a research to the past stocks, cryptocurrencies and forex who reached all time hogh wherein there are a lot of crazy rallies that are keep happening. There are still a lot of plays that are available so kindly watch for you to anticipate but be sure that you can quickly react on what may happen in the market.

Question123

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Rising of the bitcoin is continue to happen if the people are stay calm and buying more because it's cause only to dump it if the people are starts selling and panic that is the time bitcoin collapse again. People who bought bitcoin in the past few years ago not in the year 2017 they get a lot of profit when they hold their bitcoin if their sell it today they have a good return for sure.

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