Bitcoin gradually clinching to $40k | Bitcointalksearch.org

Kasabus

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Quote from: fauzan123 on January 07, 2021, 06:53:52 AM

Quote from: ?? on ??

Every few days we see Bitcoin making a new price, and above the previous one. Bitcoins are above $35,000 which is astonishing, and a price of $40,000 is likely to happen next week. Let's wait for more surprises.

It seems that the target that can be achieved in the near future is $ 40k, of course this is a very extraordinary achievement in early 2021, I think the resistance at $ 40k is likely to be a strong resistance to break.

However, as we all know, everything is just a matter of prediction, because some analyzes have also experienced errors in bitcoin predictions recently.

Yes. Even if we see big chances for bitcoin to reach $40k, we still have no guarantee that it will be 100% possible. All we have are just market predictions. There may be price corrections that we all expected to occur in the middle of its price surging but i think its more of a healthy correction and later on, it will probably go back to its price and increases again.

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The market value of Bitcoin will surpass that of gold, and it is now becoming a means of payment and a storage tool for value transfer.

Silberman

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Quote from: serjent05 on January 06, 2021, 03:08:31 PM

Quote from: Silberman on January 06, 2021, 02:48:11 PM

It is the same old story all over again, when bitcoin reached 1k once again at the beginning of 2017 many people thought that bitcoin will either crash or at most reach 2k and bitcoin went up and reached 10x that value, and while I do not expect to get that kind of growth ever again, I really think we are going to see bitcoin going up faster and higher than most people though it was possible, 30k was not only possible now it is the new floor which means 40k could be just a matter of time and we could leave it behind just as we have left behind the 30k level.

Indeed it is a matter of time. At the current event, the Bitcoin market is very enthusiastic and the $40k is almost at hand. If the market sentiment is maintained and FOMO keep on triggering, it is even possible to reach $50k in a shorter period of time. But the thing with cryptocurrency is that one bad event/news is enough to crash the market. I hope we won't be hearing any pro-bearish market news any time soon.

The enthusiasm seems to have received a reality check, personally I am not against that as it is impossible to have a market that grows all the time, this can be a great opportunity to buy into the market again before the bulls make another attempt at the 40k level, however it would be nice if we could remain at the current level during a few weeks to bring at least some sense of stability back to the market and see if we can bring those still on the fences to buy bitcoin again.

fauzan123

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Quote from: ?? on ??

Every few days we see Bitcoin making a new price, and above the previous one. Bitcoins are above $35,000 which is astonishing, and a price of $40,000 is likely to happen next week. Let's wait for more surprises.

It seems that the target that can be achieved in the near future is $ 40k, of course this is a very extraordinary achievement in early 2021, I think the resistance at $ 40k is likely to be a strong resistance to break.

However, as we all know, everything is just a matter of prediction, because some analyzes have also experienced errors in bitcoin predictions recently.

blckhawk

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Quote from: BIN-BIN on January 02, 2021, 12:11:29 PM

In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?

Well, the price is now on the $37k mark and $40k is can now reach anytime. I believe that $40k will happen perhaps in a couple of days or next week. I don't think the rally was over because institutions keep pushing so I think we may have seen it $50k at the end of this month. No any sign of bearish so it will keep going I think, just make sure that you have an exit point and don't be greedy. We will have a more couple of ATH coming because the growth was rapidly increasing.

Asuspawer09

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Quote from: BIN-BIN on January 02, 2021, 12:11:29 PM

In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?

At this point, the bitcoin market price already surpasses its limit and I think it has the potential of even reaching 100k$ easily this year everyone is waiting for a pullback or correction at this point.

But the pump is just not stopping Shocked

this is ludicrous but seems to be a good thing as well for bitcoin reaching this kind of milestone, a lot of investors invest the amount of a billion of money into bitcoin.

That is probably one of the things that push the bitcoin market up, but hopefully, we're gonna experience the correction soon.

lovesmayfamilis

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Today's bitcoin price is being pushed by institutional investors who are looking to buy more and more bitcoins, thus putting pressure on the market and driving up the price. Analysts at Glassnode provided a report that only 22% of free bitcoins remained. Since institutional investors have bought most of the available bitcoin supply. Also, 78% of Bitcoin is illiquid.
https://twitter.com/glassnode/status/1344020551942238212

And thus, this suggests that the rally will continue, and bitcoin will be able to reach a price not only 40 thousand. But also a much higher price.

bakasabo

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I wonder what will be the price that will be considered as too late to buy because the price is already high enough ? So far I see only growth, caused by greed perhaps. Or not. I dont know. With such high price, I see no people fix their profit. Seems like people are not scared of a sudden price drop, even though greed index shows it is extremely greedy time. I just cant stop be amazed how price goes up and confused what to do. Hold or sell partly.

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Quote from: cryptomaniac_xxx on January 07, 2021, 12:07:58 AM

Quote from: johnnathanexo on January 07, 2021, 12:05:23 AM

Considering how strong Bitcoin is going it is very likely for us to witness that number this month. Institutions are buying bitcoin and more and more people are going to exchanges. It may hit $40K by the end of this month.

But it doesn't make sense if people are going to exchange it right? would rather put my bitcoin in my own wallet that I can total control. But hitting $40k is also just around the corner, there is no stopping this bull run that a $40k jump I would say is imminent in the next days or within this week. Bitcoin has been smashing those whole numbers like a butter, $20k, $30k and soon $40k.

It makes sense for them, especially if they want to try to make a profit from trading. We are on a good track to see a bitcoin price increase, and sooner or later, we will see the price can jump to $40k because the price now almost touches $38k. If the bitcoin price can touch $38k, it will attract more investors to come to the bitcoin world, and they will invest in bitcoin. Maybe it will not make sense for us, but they will not think like that because buying bitcoin at the current price will not be a problem.

Lordhermes

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Quote from: Nikole Fischer on January 06, 2021, 10:24:29 PM

Yeah, I'm sure that this week we'll see a new Bitcoin price of 40k. It's a historical moment!! Cool

I expect that at the end of August the price of Bitcoin will rise to 100k.

Bitcoin value should have been dumped by now while still keeping some investors in a confused situation whether to buy now or later, this price is getting closer to $40k while it keeps going, the bull run is already occured for Bitcoin and steadily approaching for alternative ones.
Imo, August may be the month of dumping the value of Bitcoin if actually investors refuses to sell off their Bitcoin while new investors and institutions keeps the price higher the more.

shaghayegh7496

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bitcoin is rallying veryyyyy rapidly
i cant catch it Shocked

pinggoki

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There's no doubt that the bitcoin is currently going up right now and it breaks the ath and currently in the price of $35,000 I am thinking that it may also hits $40,000 right now in which it will double the ath for the past years. If this happens then it will become an historical peak of the bitcoin. Can't wait to see that happen this month nor year.

cryptomaniac_xxx

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Quote from: johnnathanexo on January 07, 2021, 12:05:23 AM

Considering how strong Bitcoin is going it is very likely for us to witness that number this month. Institutions are buying bitcoin and more and more people are going to exchanges. It may hit $40K by the end of this month.

But it doesn't make sense if people are going to exchange it right? would rather put my bitcoin in my own wallet that I can total control. But hitting $40k is also just around the corner, there is no stopping this bull run that a $40k jump I would say is imminent in the next days or within this week. Bitcoin has been smashing those whole numbers like a butter, $20k, $30k and soon $40k.

johnnathanexo

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Considering how strong Bitcoin is going it is very likely for us to witness that number this month. Institutions are buying bitcoin and more and more people are going to exchanges. It may hit $40K by the end of this month.

Nikole Fischer

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Quote from: BIN-BIN on January 02, 2021, 12:11:29 PM

In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?

Yeah, I'm sure that this week we'll see a new Bitcoin price of 40k. It's a historical moment!! Cool

I expect that at the end of August the price of Bitcoin will rise to 100k.

serjent05

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Quote from: Silberman on January 06, 2021, 02:48:11 PM

Quote from: dupee419 on January 02, 2021, 10:06:35 PM

When the price actually struck at 20k usd, a lot of speculators speculated (you see what I did there Cool

? ) that the price won't reach 30k anymore but even after all of those guesses, the price still went upward and hitting 30k, I don't think it'd be a bad idea to hold it up and don't mind these other speculators that the price may go down, but it's definitely up to you if you want to be sure of getting the profit or lose profit if the value suddenly goes down.

It is the same old story all over again, when bitcoin reached 1k once again at the beginning of 2017 many people thought that bitcoin will either crash or at most reach 2k and bitcoin went up and reached 10x that value, and while I do not expect to get that kind of growth ever again, I really think we are going to see bitcoin going up faster and higher than most people though it was possible, 30k was not only possible now it is the new floor which means 40k could be just a matter of time and we could leave it behind just as we have left behind the 30k level.

Indeed it is a matter of time. At the current event, the Bitcoin market is very enthusiastic and the $40k is almost at hand. If the market sentiment is maintained and FOMO keep on triggering, it is even possible to reach $50k in a shorter period of time. But the thing with cryptocurrency is that one bad event/news is enough to crash the market. I hope we won't be hearing any pro-bearish market news any time soon.

Silberman

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Quote from: dupee419 on January 02, 2021, 10:06:35 PM

When the price actually struck at 20k usd, a lot of speculators speculated (you see what I did there Cool

? ) that the price won't reach 30k anymore but even after all of those guesses, the price still went upward and hitting 30k, I don't think it'd be a bad idea to hold it up and don't mind these other speculators that the price may go down, but it's definitely up to you if you want to be sure of getting the profit or lose profit if the value suddenly goes down.

It is the same old story all over again, when bitcoin reached 1k once again at the beginning of 2017 many people thought that bitcoin will either crash or at most reach 2k and bitcoin went up and reached 10x that value, and while I do not expect to get that kind of growth ever again, I really think we are going to see bitcoin going up faster and higher than most people though it was possible, 30k was not only possible now it is the new floor which means 40k could be just a matter of time and we could leave it behind just as we have left behind the 30k level.

Janation

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I think we can do it.

The price of Bitcoin is still going strong and I don't think it would just fall. We can still go further and I think $40K is the next ATH we are looking for, if it keeps pushing I think we will still be seeing new heights at $45K or $50K. The last time I checked the price, it is at $35K, right now it is at $33.9K, it just fell $1K that quick.

AniviaBtc

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Quote from: rydog89 on January 02, 2021, 12:25:30 PM

"ANYTHING IN POSSIBLE!!!!!" -KEVIN GARNETT

Bitcoin already proved to us that it is really the best cryptocurrency asset to hold in the long run.

I know that some investors already sold their bitcoin at a price of $30k but those people who are having faith on bitcoin will wait for its price to reach a $40k milestone.

And I'm one of those investors who are waiting for that price to occur in the market.

Bitcoin can really be the hope during this financial crisis that we are experiencing due to the pandemic and this bull run will surely recorded in the history of bitcoin.

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Quote from: ice18 on January 06, 2021, 02:08:55 AM

$40k is imminent IMHO in just 2-3 days from now we will see new ATH again I remember last week almost everyday we saw new ATH which possible to happen again this week the correction is almost -25% and easily recovered in just an hour yes thats how strong the bull right now all dip will be eaten so fast that you cant even imagine lol.

Whatever excess supply which was there in 2019 and first half of 2020 has vanished completely now. After the third block reward halving market was starting to experience a supply crunch, which has reached critical level now. The only risk factor right now is some regulatory action form the SEC or the FinCen. If there is no such negative action from the regulators, then the path towards 50K should be very smooth.

Topic: Bitcoin gradually clinching to $40k (Read 563 times)