Bitcoin Hits Record $48.2K - page 2.

Vishnu.Reang

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Quote from: cheezcarls on February 15, 2021, 07:11:34 AM

I think it even got to $49,500 before it gets rejected by the resistance plunging below $48k. Maybe it was all because of that FUD by the US government where they don’t like corporations to replace US dollar with Bitcoin in the balance sheets like what Tesla is planning. The US dollar is currently the world’s reserved currency, and the government ain’t letting BTC gonna replace them anytime soon.

The US government will be in a very difficult position, if the corporates dump their US treasury bonds and replace them with BTC. This can't come at a worse time for them, as the Biden government is about to finalize the $1.9 trillion stimulus. If there is no demand for US treasury bonds, then the government won't be able to take debt at low interest rates, although such a scenario looks remote now.

Right now, none of the other corporates have announced that they will sell their treasury bonds. The demand for these bonds in the market remains quite strong, and as such the government doesn't have anything to worry in the immediate term. But in the long term, there is a strong possibility that the demand for treasury bonds may subside if the interest rates are much less adequate to make up for the fall in purchasing power.

cheezcarls

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I think it even got to $49,500 before it gets rejected by the resistance plunging below $48k. Maybe it was all because of that FUD by the US government where they don’t like corporations to replace US dollar with Bitcoin in the balance sheets like what Tesla is planning. The US dollar is currently the world’s reserved currency, and the government ain’t letting BTC gonna replace them anytime soon.

Ziskinberg

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Quote from: Alucard1 on February 15, 2021, 03:34:05 AM

Bitcoin could go farther than that, hoping that bitcoin could reach $100k within this year, we have seen many people especially those big names that ate now trying to buy and invest in bitcoin and those persons can attract a lot of people as well. When Tesla bought $1.5 billion worth of bitcoin, I got surprised and think that it would be the start of mass adoption but maybe we have to do more than that, even though we didn't see huge mass adoption, we can still see the progress.

Many speculations, market prediction, I think most of us now are in the hypes because we saw the market really moving high. But thinking for $100k within this year seems to be possible but just a slim chance. Why? Because that was too much, Bitcoin will be turned to be overpriced for that time and I don't think if there is someone who can afford to buy that or just wait for the market to calm down. I also not buying that time, I'd rather have to choose altcoins which give me a chance to make money more than having Bitcoin.

Vishnu.Reang

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We came so close to breaching $50K. According to Coinmarketcap, today's daily high was $49,487.64 (I have seen $49,700 in some other sources). Anyway, I am not disheartened. Eventually this resistance level will be breached. That is almost a 400% jump from the prices we had 12 months back. A year back, no one would have believed if you told them that within a year Bitcoin will touch $50,000. Congrats to all the long term holders. Out patience has paid off. And don't sell all of your coins yet. My target is $100,000 for the short term (by 2022).

rosebrand

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Earlier this year many predicted bitcoin price reaching $50k and it was as if it's impossible because $50k was a bit far from it's actual price, but with it's current price and how prices are moving it's clearly seen that bitcoin will surpass $50k, it's a good movement bitcoin hits $48.2k and for me I think the bullish season has just started we will experience more high prices.

Yaunfitda

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Quote from: okissabam on February 15, 2021, 02:34:38 AM

Currently its ATH is at $49k which is hitting a new record again. Will it reach $50k before the first quarter of the year or it’ll be bearish after. It’s a good thing a lot of people are now investing bitcoin, I know a lot of my family and friends who have just invested early last year and just realized they should’ve invested way way before when I told them 4 years ago.

Even if we didn't hit $50k in the first quarter of 2021, does it mean that we are in bearish mode again.

Again, bitcoin's narrative has change a lot with this huge money coming from big companies like Tesla. So I think we just started the bullish phase with just minor drop in prices. But I do agree that $50k is a big barrier for now. We almost at arm's way but then again after setting a new all time high yesterday, we see some sell-off. And so again we will try to attempt this big mental barrier again this week and we could be successful.

Alucard1

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Bitcoin could go farther than that, hoping that bitcoin could reach $100k within this year, we have seen many people especially those big names that ate now trying to buy and invest in bitcoin and those persons can attract a lot of people as well. When Tesla bought $1.5 billion worth of bitcoin, I got surprised and think that it would be the start of mass adoption but maybe we have to do more than that, even though we didn't see huge mass adoption, we can still see the progress.

okissabam

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Currently its ATH is at $49k which is hitting a new record again. Will it reach $50k before the first quarter of the year or it’ll be bearish after. It’s a good thing a lot of people are now investing bitcoin, I know a lot of my family and friends who have just invested early last year and just realized they should’ve invested way way before when I told them 4 years ago.

3meek

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God, save BTC!

Quote from: Pamadar on February 14, 2021, 09:27:17 PM

Quote from: cyriljundos on February 14, 2021, 08:20:29 PM

bitcoin will still pumping until it reaches 50-60k Usd within this year. bitcoin price now is quite high and advantage to those bitcoin holders that they gain profit. Slowly bitcoin will get up and most people would love to engage in bitcoin or crypto currency. expect bitcoin pumping price these upcoming days surely it will go high up to moon.

Still pumping indeed, the market shows strong upward movement and it's nearing to $50K.

We are still in this early quarter of this year, following the market if the progressive movement continue without big crash or correction, it will make more money for those investors and holders who continue being bullish and still keeping what they've got. Though it's very tempting as the value right now is really huge and already giving huge profits.

The market has been moving up for almost a year...
Someone has been selling bitcoins all this time, and someone has been buying... It turns out that there are more buyers than sellers! For now, it is necessary to buy on drawdowns and hold! Wink

Moreover, the market began to be manipulated by Elon ... I think that he will help push the price up!

Renampun

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Quote from: bitzizzix on February 14, 2021, 11:09:53 PM

Yes, this is only close to 50K but it is unlikely to happen anytime soon as bitcoin has now dropped back to 47K and it will still take a few days to reach that price.
maybe there are some investors who sell because of big profits and there are also those who hold them waiting for a new ATH, but what we see is that the price of bitcoin tends to go up even though it has dropped a little and will rise again above the previous price and continue to display new ATHs.

*fair market correction...
Q1 2021 Bitcoin price continues to rise because it is supported by good news, it has not been able to penetrate $ 50k because there is no more support. if in a few weeks or months another large company is buying Bitcoin then $ 50k will definitely arrive.

bitzizzix

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Quote from: Pamadar on February 14, 2021, 09:27:17 PM

Quote from: cyriljundos on February 14, 2021, 08:20:29 PM

bitcoin will still pumping until it reaches 50-60k Usd within this year. bitcoin price now is quite high and advantage to those bitcoin holders that they gain profit. Slowly bitcoin will get up and most people would love to engage in bitcoin or crypto currency. expect bitcoin pumping price these upcoming days surely it will go high up to moon.

Still pumping indeed, the market shows strong upward movement and it's nearing to $50K.

We are still in this early quarter of this year, following the market if the progressive movement continue without big crash or correction, it will make more money for those investors and holders who continue being bullish and still keeping what they've got. Though it's very tempting as the value right now is really huge and already giving huge profits.

Yes, this is only close to 50K but it is unlikely to happen anytime soon as bitcoin has now dropped back to 47K and it will still take a few days to reach that price.
maybe there are some investors who sell because of big profits and there are also those who hold them waiting for a new ATH, but what we see is that the price of bitcoin tends to go up even though it has dropped a little and will rise again above the previous price and continue to display new ATHs.

Pamadar

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Quote from: cyriljundos on February 14, 2021, 08:20:29 PM

bitcoin will still pumping until it reaches 50-60k Usd within this year. bitcoin price now is quite high and advantage to those bitcoin holders that they gain profit. Slowly bitcoin will get up and most people would love to engage in bitcoin or crypto currency. expect bitcoin pumping price these upcoming days surely it will go high up to moon.

Still pumping indeed, the market shows strong upward movement and it's nearing to $50K.

We are still in this early quarter of this year, following the market if the progressive movement continue without big crash or correction, it will make more money for those investors and holders who continue being bullish and still keeping what they've got. Though it's very tempting as the value right now is really huge and already giving huge profits.

cyriljundos

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bitcoin will still pumping until it reaches 50-60k Usd within this year. bitcoin price now is quite high and advantage to those bitcoin holders that they gain profit. Slowly bitcoin will get up and most people would love to engage in bitcoin or crypto currency. expect bitcoin pumping price these upcoming days surely it will go high up to moon.

Twentyonepaylots

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$50k is no longer as farcetched as it seemed to be from last year, hoping this carries on so more people can be persuaded to buy bitcoin, we are desperately in need of fellow small-time investors who are willing to hodl their coins in order to counterbalance the ever increasing amounts of high-rollers and whales in the market.

3meek

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God, save BTC!

Quote from: Gatorelf on February 14, 2021, 05:46:32 AM

breaks $50k in next 24 hours I believe

I want to believe it, but judging by the reasoning on the forum, such a price dream a lot of people!) And we know that the market goes against the crowd... Moreover, tomorrow is the new week, we'll see... Wink

Lucas*

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Today Twitter bought some crypto so the price of bitcoin hit 49k $.. I think many big investors Will invest in bitcoin those days so in the next month we'll hear that bircoin Will hit 70k $. It's good idea to wait a few months And sell some bitcoin.

bryant.coleman

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It will take some time to breach the $50,000 level, because the resistance is too strong. And also, it took almost a month to get past the $20,000 level. After hitting 19.5K, it took around 4 weeks to progress another $500. I assume getting past 50K may take even more time, and that is unless some whale jumps in with a few billion USD of funds. But once the 50K level is breached, it is going to be a smooth ride to 60-70K.

7788bitcoin

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Quote from: btc_angela on February 14, 2021, 04:24:39 AM

I personally didn't see the price hit that, but yeah, I check coinmarketcap, but the thing is that it didn't hold that long, so we are back to $48k, not bad though, Valentines day new all time high, will take it anytime.

The price touched above $49500 for a brief moment and i was glued to the screen expecting the price of bitcoin will cross the $50k or the first time because it is a historical moment and a valuation i laughed off a few years ago when i used to see speculation about the price reaching $50k, but then there were many sell orders and the price went down which was expected and we might see this range for a while before it crosses the valuation.

Quote from: btc_angela on February 14, 2021, 04:24:39 AM

Looking for news that might influence the sudden spike, so far I haven't seen any that could influence the market for a sudden spike and record new ATH.

My be the US dollar is showing its stress finally, may be we will have a detailed report in a few hours regarding the spike.

velive08

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approaching the $ 50k price point looks like it will be good to make bitcoin the real king this year, I can't wait to see the good news. if indeed the price of $ 50k can be passed, it looks like the price of $ 60k, $ 70k and then it can be achieved as long as bitcoin can be consistent and stable in an increasing position

bitzizzix

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Quote from: Janation on February 14, 2021, 09:12:52 AM

Quote from: Gatorelf on February 14, 2021, 05:46:32 AM

breaks $50k in next 24 hours I believe

I thought it would break $50K today.

The price is increasing to $49.3K, I thought it would continue but it didn't. Maybe it will be trying tomorrow or the day after tomorrow, the price is still going strong so we should really expect that the price will be reaching that price mark. I think the next ATH will be at $51K, I will not be surprised if I sleep today, I will be seeing the price at $50K tomorrow after waking up.

Yes, it could go up to 50K and it will only take a slight increase to reach that price which I think will happen in the near future.
Bitcoin price movement is currently doing very well and continues to increase towards ATH for the new ATH and all expectations have been met and evidence of growth and adoption of bitcoin continues to grow and develop, and I think the 50K price will happen tomorrow or maybe the day after tomorrow

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