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.

bryant.coleman

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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.

ice18

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$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.

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Quote from: jademaxxiss012 on January 05, 2021, 11:07:51 PM

Wha happen to bitcoin? Do someone really like it to reach 50k$ per bitcoin? I was waiting that someday it wi going to collapse but it did never happen and that bitcoins keeping getting into bullish. I am not sad but not happy as well because it will be very difficult for bitcoin to revive after it reach that market price so high. When it falls bouncing back may find it difficult and hard to achieve in the future.

Bitcoin is increasing now Grin

I like this moment, especially if the price can increase fast to $50k. I am sure people are waiting for this pump so that they can make a profit from the bitcoin. But you can prepare to wait for the down because after this high peak reach, the price will be back to the low price, and that will be your time to buy bitcoin again.

Walterhank

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We will soon see bitcoin reaching the $40K mark and maybe $50K by the end of this month. After reaching $50K if we continue to HODL then the future is good otherwise I'm not very optimistic about it given the people's behavior.

Lorence.xD

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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.

The pace of growth is exponentially faster than the last time that it reach this kind of peak, with the current institutional investor rallying in the market, I think the volatility is a little tamed. I have to disagree about 40k not being a big deal, this is a new record if it ever happens and for any price higher than recorded ATH, I think that it is a big deal.

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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?

Right now Bitcoin is at $35,000 already.
$40,000 can be achievable if Bitcoin will continue its price movement in the next weeks. Bitcoin is moving very rapidly that people can't cope up into it. We see Bitcoin doubled already from $17,000 to $34,000 in less than a month so $40,000 can be reached if holders will not take profit at the $35,000 price.

I'm quite surprised with this parabolic rise to be honest and many didn't expect this to happen also. My previous prediction last year is $15,000-$16,000 but it didn't happen and it doubled. Many are happy with the current price movement of Bitcoin and the crypto market however, we just need to be vigilant and always ready for the worst case scenario because anytime the market can go down like what happened in 2018. All markets need a correction so just be ready if that happens.

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Quote from: dansus021 on January 05, 2021, 11:26:41 PM

i hope the bicoin keep rising up and also the altcoin espesically idena hahah still wait the price correction

It will still rise soon, but unfortunately, we will also see the price will get down for a while, and I think we already saw what happened to bitcoin a few days ago. But to reach $40k, bitcoin will need more time, but if the supports can come to the market, it will increase the price. And now, the bitcoin market is rising to the high price, and gladly, the price can break $35k, and the price still increases more. I think the price will be at this price level for a while before it starts to reach and break $36k.

dansus021

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i hope the bicoin keep rising up and also the altcoin espesically idena hahah still wait the price correction

jademaxxiss012

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Wha happen to bitcoin? Do someone really like it to reach 50k$ per bitcoin? I was waiting that someday it wi going to collapse but it did never happen and that bitcoins keeping getting into bullish. I am not sad but not happy as well because it will be very difficult for bitcoin to revive after it reach that market price so high. When it falls bouncing back may find it difficult and hard to achieve in the future.

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Quote from: ?? on ??

Currently, there is no resistance we can see in the chart. So one thing that might stop this bullish trend is news or a catalyst. Let's hope for the better. But it isn't healthy also that BTC kept on rising right?

Looking at the order books of various exchanges, I can't see any massive sale orders around $40,000 as well. This means that unlike the case with what happened in 2013 and 2017, this time most of the investors are in for the long term. They are not satisfied with 50% or 60% profits. They do have confidence that Bitcoin can reach a level much higher than $35,000 or $40,000 per coin.

Alucard1

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As what things happening right now, reaching $40000 is quite possible, we have seen a great movement of the value of bitcoin this day and it is really good for many people especially for all the investors who believes in it and didn't seel bitcoin when dumping happen way back the month of March. I was shocked and amazed by what is going on with bitcoin hoping that it could stay for too long with that value.

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Quote from: Vishnu.Reang on January 05, 2021, 11:56:34 AM

Is $40,000 going to be a major resistance level? From what I have seen, there was hardly any resistance around $30,000. It was breached in a matter of minutes (unlike the case with the $20,000 level which took almost a month to breach). IMO, the next major resistance level may be $50,000 and we may reach there pretty soon. Because when Bitcoin moves up or down, it moves very fast.

Bitcoin really moves fast and surprising. We have seen its struggles before reaching the resistance of $20k but when it crosses there, the way it moves upward is too rapid. Even myself, i'm now convince that it will soon to reach $50k after it will start to touch $40k. We might expect some corrections but after that, it will continue to be bullish again.

Shasha80

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It's nice to know that the price of Bitcoin continues to go up, even the current Bitcoin increase is not experiencing a deep correction.
The price of Bitcoin only dropped to a price of $ 30,000 a few days ago, and the price is now back up to a price of 33,900. This led me
to be optimistic that the $ 40,000 price tag could be reached soon. Therefore I will not sell my Bitcoin in the near future, even though
if I sell the Bitcoin that I have now I can get a large enough profit. Because I believe Bitcoin this year can reach at least $ 50,000.

verita1

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There is also a possibility that the price of Bitcoin could reach 60K. As Plan B said in a tweet.

https://twitter.com/100trillionUSD/status/1346527117740281856?s=19

It is exciting to see what is happening with Bitcoin these days as well as some fear that the price will fall. But the moment is totally different, there is greater interest in investing in Bitcoin so it could allow the price of Bitcoin to continue its climb and never see its lower price again.

The dollar is losing confidence and people are preferring to invest in Bitcoin. Altcoins is a good option when we do not have more capital.

rodskee

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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?

40k seems close because Bitcoin already touched almost 35k recently .

But there are other things to look at , does the correction over ? will there be no coming crash ? and are we really having real investors now ?

those question is still lingering in every Bitcoin investors specially those small Holders that has been reacting whenever this is a trigger in price dump.

and also each day the Markets volatility is seemingly not giving assurances to us to keep the hold or go out.

Vishnu.Reang

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Is $40,000 going to be a major resistance level? From what I have seen, there was hardly any resistance around $30,000. It was breached in a matter of minutes (unlike the case with the $20,000 level which took almost a month to breach). IMO, the next major resistance level may be $50,000 and we may reach there pretty soon. Because when Bitcoin moves up or down, it moves very fast.

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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?

Indeed bitcoin is getting high day by day and it doesn't need a long time for the price reach $40.000 but I guess there will be many people who will afraid to buy bitcoin at the current price. They will be afraid when they have bought because if the correction comes they will lose huge money. In weekly time frame if we see in candle stick pattern we have seen a correction come. That is why there will be many people who will wait the correction comes after they buy. Now, I prefer to choose trading in some altcoin, I don't know when the altcoin season come but the current price movement and with my capital is more suitable to trade/invest in altcoin.

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Quote from: samputin on January 05, 2021, 06:54:14 PM

Quote from: Distinctin on January 05, 2021, 06:33:01 PM

Quote from: Vishnu.Reang on January 05, 2021, 11:56:34 AM

~

Bitcoin really moves fast and surprising. We have seen its struggles before reaching the resistance of $20k but when it crosses there, the way it moves upward is too rapid. Even myself, i'm now convince that it will soon to reach $50k after it will start to touch $40k. We might expect some corrections but after that, it will continue to be bullish again.

You're surprised? Well, so am I. In all honesty, I never thought that I will experience this kind of price increase. All I was expecting was the price to reach $20k. But look at it — more than $30k already! With that, it just shows that nothing is indeed impossible so there's a possibility that it'll reach $40k. We might experience dips along the way but surely, it'll come back.

Last year, most of us were only hoping for btc to reach 20k but surprisingly we hit beyond that. And now, btc is playing between 33-35k. This is really great news for all of us especially those who are still holding their btc who bought it in cheaper prices. With this price level, there will be really a lot of users that will be attracted to check out on bitcoin, a lot of these noncrypto users will get their interest to venture in crypto. Let's hope that market adoption will grow stronger as well as merchants adoption.

samputin

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Quote from: Distinctin on January 05, 2021, 06:33:01 PM

Quote from: Vishnu.Reang on January 05, 2021, 11:56:34 AM

~

Bitcoin really moves fast and surprising. We have seen its struggles before reaching the resistance of $20k but when it crosses there, the way it moves upward is too rapid. Even myself, i'm now convince that it will soon to reach $50k after it will start to touch $40k. We might expect some corrections but after that, it will continue to be bullish again.

You're surprised? Well, so am I. In all honesty, I never thought that I will experience this kind of price increase. All I was expecting was the price to reach $20k. But look at it — more than $30k already! With that, it just shows that nothing is indeed impossible so there's a possibility that it'll reach $40k. We might experience dips along the way but surely, it'll come back.

Sadlife

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I'm looking for a $50,000 all time high and this is not based on gut feeling but actually, a well analyze research by plan B. Companies, hedges, pension and banks are looking to try and buy more Bitcoin before a major rally. Institutional adoption will sustain the price, this is not the same in 2017 pump and dump. There's a lot of support in the $30k price level we've successfully retested it, most people are probably expecting a pullback to enter the market but at this time the accumulating phase is over.

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The price bounced of the $30K support thrice with reference to BTC/USD 4 hour time frame with that Price Action I don't think the price will go below that price mark again and with a new resistance set up at $34K once the price breaks that zone then $40K price mark will be feasible, while there are fear that the price will be corrected or pullback massively its very obvious that the present Price Action is absolutely different from that in 2017 when the price reached an ATH this time around growing institutional adoptions is in order of the day which serves as a booster to the price.

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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.

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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.

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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

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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.

maydna

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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.

xenon131

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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?

pecson134

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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/}

lepbagong

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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.

khaled0111

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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.

nelson4lov

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The recent BTC price increase keeps making me wonder if there would be people that would happily buy bitcoin at $40K while fully understanding the risks? Because if anyone buys at this prices, the closes they'll get to 100% in profit for holding onto it is ~$60,000 prices and that doesn't seem viable to me for now. At this point, I think we should be expecting a market correction in the next couple of days or weeks. It won't take long now before an army of shorters and sellers come in to push the price down. I would advise everyone not to get two carried away with Bitcoin's price and take profits if necessary.

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Quote from: xenon131 on January 02, 2021, 02:04:17 PM

I feel the bad consequence of the current fast price climbing could be that many small and middle size BTC holders would falter and dump while whales would continue to accumulate through bull run seasons making Bitcoin distribution too narrow. It might "play Old Harry" with Bitcoin. I tend to hold and accumulate till 100 K at least.

The institutional investors are having a grip on the market and we will see the market rally as long as they invest and they could manipulate the market with the level of investment they are pouring in and i wonder what happens when they plan to book their profit. The market will go for a major correction when that happens and curiously watching the market as it breaks all the resistance with ease.

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yes maybe bitcoin gradually can reach a price of $ 40k or more. But the time needed certainly cannot be predicted accurately, it might be faster or maybe it will experience some corrections to reach the highest price again. When the price of bitcoin hits the price of $ 30k it is pretty awesome. It exceeds the previous ATH and continues to score new ATHs again. Bitcoin's dominance is on the rise and several FOMO's are making BTC's price continue to rise.

verita1

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Agree! Bitcoin looks unstoppable, I am glad who did not sell their Bitcoin, I also feel in solidarity with those who sold because they had no other option.

Bitcoin now has 70.6% of the market dominance. Although thanks to it we have a very diverse crypto market. But Bitcoin will always be the most preferred for investors.

Today is a very exciting day for Bitcoiners because they can see Bitcoin in its great bull run. It was worth the wait because even better things are to come for Bitcoin holders.

The greatest of luck to all!

Silberman

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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?

We are in uncharted territory so any prediction no matter how wild could come to happen, 40k in just a few days may have seemed impossible just a few months ago but now it seems like it is a real possibility as it seems the average person is once again finding out that bitcoin is in the middle of a bull run, and they will buy bitcoin at any price since they will be blinded by greed, but at the same time this worries me, the faster the growth of bitcoin the more it becomes clear that we are reaching a stage in which the price of bitcoin could also take a negative direction.

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Quote from: xenon131 on January 02, 2021, 02:04:17 PM

I feel the bad consequence of the current fast price climbing could be that many small and middle size BTC holders would falter and dump while whales would continue to accumulate through bull run seasons making Bitcoin distribution too narrow. It might "play Old Harry" with Bitcoin. I tend to hold and accumulate till 100 K at least.

The way I see it, one's analysis of a currency is not affected by how much they have to invest. Small and mid investors may not be able to individually push millions of USD into the market, but this doesn't mean they are weak hands and they should sell off at every spike. There's the argument that they'll need the money more, but if you follow the advice of; only investing what you can afford to lose, you'll not be caught up in the need to sell inorder to fix basic needs.
Both whales and lower scale investors can be weak hands, many rich people and average guys alike still do not see the value in Bitcoin.

Bitcoin does not have any class barrier, like a minimum investment or legal requirements, this makes it more difficult for whales to really control the market. Imo, it will always remain open, diversified, and decentralized, and those who need it would always be able to lay their hands on some.

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As things are right now it really seems possible to reach it and also go way above it,
Just like what happened in $30K it didn't just reach it but it is still climbing higher.
I expect to see more ATH record from BTC this year it looks like it would continue on climbing and setting it to a higher ATH price.

Wysi

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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.

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I feel the bad consequence of the current fast price climbing could be that many small and middle size BTC holders would falter and dump while whales would continue to accumulate through bull run seasons making Bitcoin distribution too narrow. It might "play Old Harry" with Bitcoin. I tend to hold and accumulate till 100 K at least.

aliman00

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I didn't sell anything back in 2018 when market collapsed, been sitting on what I got for years, so watching this now leads me to truly belive in "anything can happen"... so no trouble sitting and sitting long term on what I have.... but I must admit it's quite spectacular to watch this

sunsilk

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Its volatility can reach that price you're thinking but it can also correct before it goes there. But it's unbelievable that this time it keeps on pushing upwards when it has started during the holidays. You'll see those speculators that say that it should go down soon because it just keeps on rising but no matter what they say, let's HODL.

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

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That's "is" mate.

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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?

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