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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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 .

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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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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.

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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.

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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.

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.

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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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?

Topic: Bitcoin gave a 230% returns in 2020: will the rally continue? (Read 719 times)