Bitcoin gave a 230% returns in 2020: will the rally continue? - page 2.

CuriousGeorge

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Quote from: Ken_terrance on December 26, 2020, 04:01:58 AM

I've had enough gains from Bitcoin, I'd leave the rest to those who just jump into Bitcoin investment right now, the higher bitcoin goes he bigger risks, if you are one of those who invested in bitcoin at a cheaper rate 230% gains is more than enough already, been greedy can lead to losses

it's not always about greedyness but when you are seeing the bitcoin market and the pump was causing by the massive buy from the instutional investors. That boost the fundamental of bitcoin. You can see that if bitcoin is a big hard to get a correction and it's not the same like bitcoin at the early quarter of this year.
Bitcoin is not the same like altcoin right now. It's very strong at this moment.

Ken_terrance

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I've had enough gains from Bitcoin, I'd leave the rest to those who just jump into Bitcoin investment right now, the higher bitcoin goes he bigger risks, if you are one of those who invested in bitcoin at a cheaper rate 230% gains is more than enough already, been greedy can lead to losses

New_order

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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

abel1337

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Quote from: Fredomago on December 25, 2020, 10:04:52 AM

Quote from: kentrolla on December 25, 2020, 08:34:09 AM

Bitcoin is maintaining its price from 22k-24k many alts price dropped massively but king of Cryptocurrency was regaining it's position, so I think BTC is looking for a huge surge still this is just my prediction.

There's still a good chance that this coin will continue to bring more profits as it's showing good barrier, even there's a slight fall the value simply bounce back and regained his strenght, bull still keeping its momentum and with that, there's a lots of things to expect in terms of
value and usages.

This is what I noticed, Bitcoin doesn't really fall into the support line. It is suddenly backed up by another support when price falls.

Quote from: Fredomago on December 25, 2020, 10:04:52 AM

Quote

Also every Christmas the price of BTC will go down but this year it is maintaining its trend is a positive sign for pump, however I will hold my asset and wait.

Holders forget to sell or maybe they are reserving their assets to a much bigger blast, bitcoin continue to surprise people who supprted this venue of investment, more great day to come to everyone.

It means that hodlers/whales know that this isn't the time to sell bitcoin, The day will come that bag holders will let go of their hodlings but I think this won't happen before this year-end.

Fredomago

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Quote from: kentrolla on December 25, 2020, 08:34:09 AM

Bitcoin is maintaining its price from 22k-24k many alts price dropped massively but king of Cryptocurrency was regaining it's position, so I think BTC is looking for a huge surge still this is just my prediction.

There's still a good chance that this coin will continue to bring more profits as it's showing good barrier, even there's a slight fall the value simply bounce back and regained his strenght, bull still keeping its momentum and with that, there's a lots of things to expect in terms of
value and usages.

Quote

Also every Christmas the price of BTC will go down but this year it is maintaining its trend is a positive sign for pump, however I will hold my asset and wait.

Holders forget to sell or maybe they are reserving their assets to a much bigger blast, bitcoin continue to surprise people who supprted this venue of investment, more great day to come to everyone.

kentrolla

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Bitcoin is maintaining its price from 22k-24k many alts price dropped massively but king of Cryptocurrency was regaining it's position, so I think BTC is looking for a huge surge still this is just my prediction.

Also every Christmas the price of BTC will go down but this year it is maintaining its trend is a positive sign for pump, however I will hold my asset and wait.

michellee

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Even if the rally is begun, we still need to wait because bitcoin needs longer to wake up and increase the price. We have more than 5 days later to see the new year, and if before the new year the price can increase and reach $25k, that will be a big surprise to us because the price can increase in a short time. But I do not have a big expectation of seeing the price will start another rally this end of the year because people still busy with their holiday, and maybe the market will not move higher or lower until the next year.

Sithara007

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Quote from: JimboToronto on December 24, 2020, 02:50:14 AM

The rally has barely begun.

I would agree. Most of the current rally can be attributed to adoption of Bitcoin by mainstream companies such as PayPal. And this is one of the reasons why the altcoins are not going up as much as that of Bitcoin. 2021 is going to be a massive year. PayPal will be launching their full services with BTC by mid-2021, and we can expect a big boost in the exchange rates once it happens.

philipma1957

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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?

so what day do you pick to get that number?

march it went to 3900

it is now close to 23400 that is not 200% or 230%.

that is six fold about 500% jump.

Now go pick the worst day dec 2017 17

19.9k so it moved to 23.4 about 20% jump.

So to me we are up from 19.9 to 23.4 which is okay and it took three years to do so.

Plus you needed steel balls to hold when it dropped to 3900 march 2020.

Get back when it tops 30k or more.

Wysi

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Looking at current market situation I am sure Bitcoin will not dip further as I had fear that Bitcoin will dip during Christmas time but we are already in Christmas week so we can now take a breather as Bitcoin is still surging which is a positive sign, we might see a huge shift of investment from Ripple to Bitcoin due to ongoing issue about Ripple.

2021 will be the year of Bitcoin.

jaberwock

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I doubt that it will be this big once again in 2021, it could still go up but having this type of return would be harder. I assume that it will be at max 100% return this year to next year, that looks more realistic. However this is crypto, we don't even know if it will go up or not, maybe it will have a drop, maybe the rally will stop around here and will start to go down, we have no idea what is going to happen.

Obviously these gigantic companies getting into crypto has changed some stuff, which caused the price to skyrocket the way it did, and as long as they keep investing into it in hundreds of millions of dollars I do not see how it could go down, but how it will go up will depend on how much money will go into it as well. So, we do not have an exact number, we don't know whats going to happen but I assume it will be pretty decent.

JimboToronto

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You're never too old to think young.

The rally has barely begun.

shoreno

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why bought 1 btc only and why bought at the year 2013 alone but if you have a guts , money and started early on this roller coster ride you could have made more than 23k usd or 230 percent returns but you could have earned a thousand and hundred thousand of returns just by now as long as you didnt tempted to sold all your btc on the recent heights . i havent saw a big dip yet but all that i see is that price is still sitting at over 20k usd and for me that is still a good price but i can only start to alarm once we've gone below that price point .

Sithara007

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The ATH level before this latest rally was $20,000 per coin, which was reached in 2017 December. And when compared to the situation three years ago, the user base and acceptability of Bitcoin has grown by manifold. Therefore I am expecting a minimum of 2-3 times increase in the exchange rates, by the end of 2021. That means that we may attain a peak level of around $50,000 per coin by 2021 Decemer. Now this is a very conservative estimate, and it can go much higher than that if the conditions are favorable.

jahepahit

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It's clear that people are still bullish on Bitcoin for now and we don't seem to expect any dip. One thing we should all know is that dip is in stages, you can never know when the dip will start and when it will stop. It's better to take a realistic profit or take a compulsory loss.

DarkDays

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Quote from: yhiaali3 on December 23, 2020, 12:50:08 PM

If we look at the history of Bitcoin on the price chart, we find that Bitcoin rose from 3,000$ in 2017 to about 20,000$ at the end of 2017, this means that Bitcoin rose by about 600%, compared to that, we find that the lowest price of Bitcoin in 2020 was 5,000$ if the date returns The same, it means that Bitcoin will double by 600% and this means that Bitcoin will reach 30,000$.
Of course, some optimists expect the price to reach 50,000$.

Running along with the same optimism I do think that Bitcoin could keep on going, the rally isn't close to being over yet. It could even last for a nice chunk of 2021 Q1 but sure this remains to be seen. At least, with the history record BTC has been running on we can get an idea of what to expect in the future $$$

AmoreJaz

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Quote from: Oasisman on December 23, 2020, 03:07:17 PM

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?

Doesn't matter if the rally continues or there's an upcoming huge dip. What really matters is how Bitcoin has grown over the past 10 years.
Btc's very volatile nature makes it really hard to predict the next price movements and that's the very reason why majority of the investors has the question as you.
Well, I see a lot of institutional investors coming in to the crypto market, and I haven't seen any signs of a bearish movements yet.

no one can really give definite answer regarding the future of BTC. even those self-proclaimed experts can just give their predictions and speculate whats gonna happen in the coming months or years.
institutional investors are still joining the race but we dont know when they will turn the tide here. so if you are an investor, make your own strategies, intermittent trading or long-term holding, whatever you choose, you have to see that you are gaining and not losing.

Oasisman

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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?

Doesn't matter if the rally continues or there's an upcoming huge dip. What really matters is how Bitcoin has grown over the past 10 years.
Btc's very volatile nature makes it really hard to predict the next price movements and that's the very reason why majority of the investors has the question as you.
Well, I see a lot of institutional investors coming in to the crypto market, and I haven't seen any signs of a bearish movements yet.

Quidat

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Quote from: Reid on December 23, 2020, 01:26:56 PM

I hope I know. Grin

In that case, I could be selling or buying more.

If there will be a big event that will happen once again, then for sure it will rally more.
Big companies are now entering the bitcoin field and that could be it.
If others will follow after seeing a massive pump then this increase might take longer.

The Adoption rate is really different into this year compared into those previous ones thats why we can presume out that we would be seeing different scenario on here
when it comes to growth.We do need more bullish or acceptance kind of news to make this market grow even further.After all the years that we've been hoping then
we are actually getting there.Dont rush up on taking up some gains and also no man can predict on what are the things that will happen forward and if we do then
we are the most rich person on this world. Just take up some observation on the price and you will able to make out some decisions basing on it.
Its a matter on how you do deal with it.

acener

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Nobody knows if it would continue and for how long it would be.
But I am hoping that it would continue to grow more and that more people would finally accept it and use it.
But aside from it's price to continue on growing I also wish that it could sustain the high price unlike in 2017 where it only touch it for a short time and falls back down.

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