Bitcoin gradually clinching to $40k - page 3.

Yatsan

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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?

As we can see through the passing days, Bitcoin is really impressive on continuously rising its price even there is also dumps happening which is just normal due to its volatility. Upon breaking through another price mark which is $30,000 after many days of staying above $20,000 we are now seeing Bitcoin's price breaching towards the path of $40,000 which is the big expectation of many to happen in no time. Although the price is still playing on ups and downs, it is still possible to make happen that Bitcoin can reach $40,000 price mark but we still do not know exactly how fast and when can that be possible to be made. We just have to wait and see over time what will happen.

pragna

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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?

Though in this market there is no guarantee but as it rooling to 30k$ i think it may hit to 40k$. Basically there are good news everywhere and nCOVID 2nd wave also created. So people will again try to invest from safe site that is from home and in crisis moment market must bull run again. Let's see whats happen in future.

thanks.

sukbir

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May be it can reach $40K. We can wait and see how it goes. I hope this year btc will be ATH. Cheesy

Nestor Hall

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It is believed that in the short to medium term, although BTC will have a short-term correction, it is still in a buffering upward trend. It is possible to break through $40,000.

XavierLaurent

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Well, it didn't happened as we can see. At least not yet. But I think it's not long till we get to 40. If everything stays and BTC bounces back I think it will be 40 within a month. Now 50k is whole another discussion. Hopefully within H1 2021.

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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?

I think it is not too fast because bitcoin prices are now still searching for more supports to increase to the next high level of the price. Since yesterday, the price having difficulty increasing, and every time the price starts to increase, it will not take too long to go back down and reach the lowest price. But I believe that the price can reach $40k in the future, and I think that price will happen this year. And if that happens, I think the price will not just stop at $40k because the price increase to the other high price and the price could be more than $50k.

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Quote from: khaled0111 on January 02, 2021, 06:00:37 PM

I regret selling most of my coins at 10-11k. The price kept fluctuating between 10k and 14k for months and didn't expect it to rise this fast otherwise I wouldn't sell.
Judging by how bitcoin price jumped from 20k to 30k in few days, I wouldn't be surprised if it reaches 40k by the next week.
What's concerning though, is that we didn't see any real correction or they didn't last for more than few hours which is not a good sign in my opinion.

Sorry for your decision to sell at such low, such thing might happen with anyone here. I guess you might think about returning your positions in BTC. What would be the best tactic to do so, to wait until noticeable correction, to buy some undervalued alts and sell them at their heights or something else?

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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?

This is not far from the truth if you look on the bitcoin price from the last months the had come. You can see that the volatility rate of bitcoin here was too high and still surging to go up high and can reach to 40k$ in the near future.

MCobian

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I am quite surprised by the performance shown by Bitcoin in early 2021, I did not expect that in recent days the increase in the price of Bitcoin
was so fast. It is surprising that the current Bitcoin price has touched $ 34,000 if like this I agree that Bitcoin will hit a price of $ 40,000 next
week. Although currently Bitcoin is showing a bullish trend, it doesn't mean it is safe to buy Bitcoin at its current price, we have to be careful
with the volatile Bitcoin price. If the price of Bitcoin can rise suddenly, it is not impossible that it can fall suddenly. My advice is always to use
stop-losses to protect our capital.

kentrolla

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Quote from: Wysi on January 02, 2021, 02:41:27 PM

It's pretty much possible if we looks at the pace with which Bitcoin is growing but we need to consider volatility factor for long term plans. We are happy that Bitcoin is unstoppable and more institutional investments are pouring in and users like you and me who are investing as well in FOMO is also playing key factor in supporting the pump by creating a resistance level. I think $40k is not a big deal as per current market standings.

I agree with you BTCs aggression looks like it may reach 40k, If we have a look for the last 1month BTC never went down so much. The momentum was very strong and unstoppable people are very much eager to buy BTC still they are scared because it may go down anytime, I was wondering about the long-term holders and those who bought in 2017 I would say they deserve this price for their patience.

famososMuertos

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The $40,000 is a feasible but unpredictable reality such as having reached the $30,000 barrier so fast that the old $20,000 barrier already seems like old news, however the price has to be corrected, we will surely see what I call the nails of the fakir, with their beaks but with a tendency in time to a horizontal line. Now those peaks can be as surprisingly extreme as for example those of January 2; *$32,904 (4:04 pm) to $31,262 at 5:04 pm this happened in just one hour, anyway as things are going it is possible that the price $40,000 is only the reference to make the effect of correcting the bullish run come true or at least stop the ATH party in such short periods.

^{*source: coinmarketcap.com/currencies/bitcoin/}

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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?

First Halving: 28 November 2012
there was a very significant increase occurred in November 2013 with a value of $ 1,127

Second Halving: 9 July 2016
there was a more significant increase from the first halving in December 2017 with a value of $ 19,665

Third Halving: 12 May 2020
When there will be ATH in 2021, no one knows.
and the difference between the second and the first 17X, will it happen too?

so if it breaks only $ 40K it will likely happen quickly and there will be no problems for bitcoin

dupee419

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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.

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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?

With this state of the market the $40k mark is possible soon we still in the first week of January and we witness such an event. $32,390 is truly amazing when I was looking at the price yesterday, I thought it will stop at that high but I was wrong, and see this price in the morning today. I think the price would rise even higher than this and no news or whatsoever bad opinions by some so-called known people will change the course of the price today.

SoryuMaiden

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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?

I agree. It might hit $40k within this month if it continues its uptrend. However, We haven't seen yet the correction in the graph of BTC since September, I believe. I think there will be a point within this year that its price will drop drastically, and some small BTC holders might do a panic selling when that happens. I also agree that this crazy increase in BTC value is brought by big whales trading BTC within themselves. I don't want to be a Nostradamus guessing what is happening behind the scene, but I'm just a bit skeptical with how it continues to increase when there mining of BTC continues.

Bluto

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One thing is for sure. This time has not and will not be the same as 2017 due to the loss of trust in Fiat currency, which leads more and more people into investing into other kinds of currency. And since gold stocks are too expensive for some and bitcoin prices are climbing by the hour, it seems logical to invest in BTC rather than save up for gold or just let your money lose its value. So I think that Bitcoin will, if not surpass 40k, at least get very close to it before there is any kind of correction in the market.

Crptomagma

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Bitcoin can reach any amount as it’s possessed high volatility. We have experienced the bull run and optimistically there are many more bull run for bitcoin to exercise so if it’s gradually climbed to $40k, honestly speaking I won’t be much surprised.

imteaz

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Now I am sure bitcoin will hit $40k within FEB before we see any corrections. However, It might have a big drop before hitting $40k as well. It's a very risky trade right now, if you plan to long or buy bitcoin on top will feel long-term pain just like in 2017. So be careful if you buy $40k bitcoin because remember the bear market is longer than a bull market.

24Kt

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Quote from: imteaz on January 02, 2021, 06:48:27 PM

Now I am sure bitcoin will hit $40k within FEB before we see any corrections. However, It might have a big drop before hitting $40k as well. It's a very risky trade right now, if you plan to long or buy bitcoin on top will feel long-term pain just like in 2017. So be careful if you buy $40k bitcoin because remember the bear market is longer than a bull market.

Don't get your hopes up. Everything is possible and we may see correction instead of going up. Reaching this level is already a great achievement for bitcoin. Though we know, that we should not expect the ladder to be always in the upward direction, because at any given moment in time, we will see it go down, just be prepare on what's gonna happen with your investments. Strategize and think of contingencies.

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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?

People recently are just aiming for 30k or 35k in price on when we would able to breached or break that one and now that we had seen on how the price breaks
then we do aim for something higher which it is just a normal human being reaction to ask for more.I didnt even expect that the price will rise up upto 32k so easily
The price had made out some correction in 31500 and its safe to presume that this will be a better re-entry for you to make out some short term positioning yet the price might
really shoot up in next few hours or days to come for you to make profit.It isnt a guarantee but if you would take risk then you can potentially make money.

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