Bitcoin gave a 230% returns in 2020: will the rally continue? - page 3.

Reid

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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.

Kupid002

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Quote from: wxa7115 on December 23, 2020, 11:14:24 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?

Most likely this is just the beginning, we know that bitcoin moves in a 4 year cycle, however a correction could be possible especially if that new strain of the coronavirus begins to be discovered all over the world, something that is going to be inevitable, and the markets panic because of it.

However while we have many speculations about how high the price could actually go no one really knows it, after all the higher the price the more money we need to come to the market and we need even more committed holders which do not sell their coins for the price to really skyrocket and that is going to be difficult as the price begins to approach 30k or 40k.

Big institution is already come into Bitcoin investment ,so I don't think we need more small supporters since the fees maybe pain for them unless they prefered to HODL it and forget about their investment for long which is not the main reason why we are here . We use Bitcoin for regular transaction so most of the time we need to pay fees even how high it is.

yhiaali3

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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$.
Of course, some optimists expect the price to reach 50,000$.

Noctis Connor

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Quote from: Kabul on December 23, 2020, 11:12:13 AM

This rally definitely continues in 2021. Just look at how bitcoin is performing with a strong bull behind. Nothing can stop bitcoin currently. $25000 is a pretty target for bitcoin right now. $50000 will surely be achieved in

I wish I would had bought at least 1 bitcoin in 2013. $23000 is a big amount of money to me since the Covid-19 has struck me hard. Not much money left to use.

Well just be careful as the bitcoin bull run price as you can see it's really hard to pretend to have big profit unless you already had some bitcoin already and hodling is good when you had way back 2013 , but todays price it's really inevitable loses since bitcoin price changes time to time, and for me the best way to make your profit worth is on the path of trading other cryptos since some other people are afraid to lose some of their bitcoins and just waiting for the price to be increase well im pretty sure we can hit that price prediction since other celebrities are thinking to invest into bitcoin as they seen that bitcoin is the future of people in the world.

Lucius

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Do not forget that the price of bitcoin is cyclical. The price drop is inevitable and you should be prepared for it.

This has always been the case so far, but now we have one completely new unknown in that equation, and it is called big institutional investors. Their appetites are incomparably bigger than small investors, and their bags are full of money they can spend without worrying too much about whether that investment will leave them without bread on the table.

If there is the truth that most of them are investing in the long run, then perhaps it should be taken into account that no new big correction like the ones from the past will happen. Of course, this is not financial advice, anything is possible when it comes to Bitcoin - but the price can only be brought down by those who want to sell large quantities on the open market, and there are fewer and fewer of them - or perhaps it would be better to say that some whales have run aground Wink

wxa7115

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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?

Most likely this is just the beginning, we know that bitcoin moves in a 4 year cycle, however a correction could be possible especially if that new strain of the coronavirus begins to be discovered all over the world, something that is going to be inevitable, and the markets panic because of it.

However while we have many speculations about how high the price could actually go no one really knows it, after all the higher the price the more money we need to come to the market and we need even more committed holders which do not sell their coins for the price to really skyrocket and that is going to be difficult as the price begins to approach 30k or 40k.

Kabul

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This rally definitely continues in 2021. Just look at how bitcoin is performing with a strong bull behind. Nothing can stop bitcoin currently. $25000 is a pretty target for bitcoin right now. $50000 will surely be achieved in

I wish I would had bought at least 1 bitcoin in 2013. $23000 is a big amount of money to me since the Covid-19 has struck me hard. Not much money left to use.

Alucard1

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No one knows that bitcoin will have this kind of value this day, for sure no person invests in the year 2009 without pulling it out. If I know already the bitcoin from the year 2009 I don't think that I can wait for so many years before I pull it out because of so many reasons like the financial crisis, not knowing that this currency will have a good future, and many more. I am still hoping that bitcoin could still go up for the next year and so many years.

Asuspawer09

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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?

Usually, after a big pump in the market, you could always expect the market price to go dump because we could expect a lot of investors to sell their investment at this moment because of the profit.

After that dump investors need to reinvest when the market price is dump so we need to wait probably up to 5 years before the market price will pump again in the market.

Holding long term doesn't mean you're going to lose profit because the market price could go dump soon but you could still wait for the next pump, as long as you sell your investment at a high market price you still going to get profit. At the same time, it is a gamble since you don't know if the ATH is gonna be rich in the next pump to could be lower.

Nhor1011

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Maybe there are some corrections along the way but I still aiming high for bitcoin and even we really don't know the future but I still believe that bull run will continue as long as the demand also continue to increase.

Kemarit

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For me? Yes, I still see that we will continue to have this rally up to next year as we have not reach the bubble similar to 2021. And there could be more money flowing, from average joe to institutions to big companies who are investing on bitcoin because of the economic situations that we have right now.

The Covid-19 is still here and people are still worry about the second outbreak and this might give bitcoin another reason to really rally and push to it's all time high for 2021.

ChiBitCTy

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I have been wondering this same thing myself. I read an article yesterday where one of the lead analysts from JP Morgan Chase ( as much as I hate this company, they are worth listening to ) stated that he believes due to the institutional money that has gotten in and the likely fact that more institutional money is coming, that even though bitcoin is like in a "bubble", that it's likely the bull run continues for some time.

Jating

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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?

Hard to predict the price movement, but historically, 2021 will be the same as 2017, if we are going to based on its 4 year cycle. What does it mean? Well, we could see the price grow even more in 2021 and we might see new all time high that could top around $40k-$50k, conservatively.

The bullish sentiments is still here and it can carry till 2021. But just also remember that there will be dips and corrections along the way. It will be not a parabolic growth, but the dramatic rise might be seen in the last quarter of 2021, so it's a long way for us, specially those holders to realised another xxx% or returns.

maydna

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The rally will continue in 2021, but there will be another big dip that might happen too as, after the price reaching the highest price, it will go down for a while to make a correction. After the dip, the price will start rally again or it will get sideways for a while, but the price will increase again until the price makes a new ATH. But unfortunately, we don't know the new ATH later because there is no clue for us to predict. Many people will speculate about giving the new ATH, and we will see many different for the high price that will become the new ATH later.

Lorence.xD

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I hope the rally continues but who am I to say that it will go that way forever, I am just wishfully thinking that everything goes according to plan. No one knows OP, that is what anyone says and do not create another topic that is in the realm of this because speculating something is not a good thing. You only create false hopes that could otherwise indirectly cripple someone's financial status because of this kind of thread giving them something to believe in even when there is no evidence.

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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?

In reality, nobody can tell you, we may just hope so.

If there isn't any major jack or any major regulation problem, I guess it will continue to climb. This year China will fully impose the Chinese digital yuan, maybe Libra will finally get out, will see.

pakhitheboss

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You, yourself have given the answer to your own query

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.

Keep holding and you will be earning more than what you have earned this year. No one can predict what will happen next to Bitcoin. I am positive and confident that next year would be far much better than this year.

mk4

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The answer to literally anything concerning price regardless if long term or short term: No. One. Knows. All we have an idea of is the total supply and the amount being mined, but we can’t predict demand.

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Everything indicates that this will be the case, although in the world of investments nothing is certain. Following what happened after the previous halvings, it is easy that next year it will continue to rise and test the 100k or more. Although past cycles do not have to be repeated.

Most of the analyses I see of the bitcoin go in this direction.

What I am clear about is that in the long term, bitcoin will continue to rise due to the increase in demand, its deflationary nature and the massive printing of fiat money.

serjent05

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Looking at the 4-year cycle as a reference, I think it will continue to rally, we still have 1 whole year of Bitcoin bulls before it will start the bear season (since we are only at the end of the third year phase of the 4 year cycle if we choose 2017 as the end of the last 4 year cycle). Though there will be several corrections along the way. I think Bitcoin with its current sentiment will test 25k, 30k resistance in the next couple of months.

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