Bitcoin just smashed $50k | Bitcointalksearch.org

Taskford

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Quote from: Silberman on February 23, 2021, 03:43:27 AM

Quote from: The Sceptical Chymist on February 17, 2021, 11:11:09 AM

Quote from: isaac_clarke22 on February 16, 2021, 11:26:08 AM

I wouldn't still call it a hard-smash since it barely to almost touched that price

That might have been true when you wrote your post, but as of right now, bitcoin is at $51k. Unbelievable!

It's nice that bitcoin is blowing up and all, but I suspect that there's going to be a correction coming soon--unless there continues to be more institutional buying, in which case all bets are off. I'm fairly certain that the reason bitcoin is where it is is because of companies like MSTR and the rest that are buying huge amounts of it. Eventually that enormous demand will taper off and traders will take profits, too, but I'm just hoping we don't see a major crash.

I'm keeping my fingers and toes crossed.

Right now we are seeing a very heavy correction, the bulls put some resistance and they were able to reduce the losses but right now the bears are launching another attack and currently we are below the 50k price, most likely this mean that we will begin to see some threads with people panicking about the movement and wondering if this is the end of the bull run, but even if it was the fact that bitcoin has grown so much should be something to be glad as most likely it will be just a matter of time until we reach six figures.

To many people crying right now due to the current heavy dump happening today and it's seems that the dump continue since the support has been hit maybe we can see the price to go to $42k(Hopefully not) since if this one will show possibly many people will start to dump more since they will think that we can see some pump on next halving again. But let's hope for better movement today or tomorrow and bitcoin hit $50k again since it will bring the confidence back again.

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Quote from: MCobian on February 20, 2021, 04:39:21 PM

With Bitcoin reaching a price of $ 57k this is indeed very pleasing to all bitcoin holders, hopefully the Bitcoin price will continue to rise.

But the hard thing is that today at this very moment Bitcoin fell more than 10k from that 57 or 58k ATH.

Quote

Even though
the price of $ 57k is actually too high, so be careful if you want to buy Bitcoin. Since the price of Bitcoin can fall suddenly, it is better to delay buying
Bitcoin at its current price.

Good save because now it fell down and those who purchased from that range are surely getting worried or in panicking this time.

Quote

Waiting for Bitcoin to correct to a price below $ 50k if you really want to buy Bitcoin.

You are now on that point , because today the correction is on going , from 58,000$ down to 47,000$ and looks like there is another fall from that value.

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Quote from: The Sceptical Chymist on February 17, 2021, 11:11:09 AM

Quote from: isaac_clarke22 on February 16, 2021, 11:26:08 AM

I wouldn't still call it a hard-smash since it barely to almost touched that price

That might have been true when you wrote your post, but as of right now, bitcoin is at $51k. Unbelievable!

It's nice that bitcoin is blowing up and all, but I suspect that there's going to be a correction coming soon--unless there continues to be more institutional buying, in which case all bets are off. I'm fairly certain that the reason bitcoin is where it is is because of companies like MSTR and the rest that are buying huge amounts of it. Eventually that enormous demand will taper off and traders will take profits, too, but I'm just hoping we don't see a major crash.

I'm keeping my fingers and toes crossed.

Right now we are seeing a very heavy correction, the bulls put some resistance and they were able to reduce the losses but right now the bears are launching another attack and currently we are below the 50k price, most likely this mean that we will begin to see some threads with people panicking about the movement and wondering if this is the end of the bull run, but even if it was the fact that bitcoin has grown so much should be something to be glad as most likely it will be just a matter of time until we reach six figures.

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Quote from: Bergkampsballs on February 16, 2021, 07:34:44 AM

Happy days

With the same momentum the market moved in 2021 January the beginning could help achieve more progress if the same bitcoin movement will still continues, but i don't think so. The point we are getting into might just be another point of correction in price which is good for the bitcoin price before another move. really this week was a happy week and we hope to see more happy days to come through Bitcoin prices, Amin.

MCobian

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With Bitcoin reaching a price of $ 57k this is indeed very pleasing to all bitcoin holders, hopefully the Bitcoin price will continue to rise. Even though
the price of $ 57k is actually too high, so be careful if you want to buy Bitcoin. Since the price of Bitcoin can fall suddenly, it is better to delay buying
Bitcoin at its current price. Waiting for Bitcoin to correct to a price below $ 50k if you really want to buy Bitcoin.

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Quote from: btc78 on February 20, 2021, 05:08:45 AM

Quote from: Bergkampsballs on February 16, 2021, 07:34:44 AM

Happy days

and also Smashed 55k https://coinmarketcap.com/currencies/bitcoin/ so now we are seeking for the 60,000 Breaking and then will decide if what comes next.

I don't think that we will be getting any high than 70k this soon ,but until the end of 2021 there is no impossible because the correction seems to be pending to happen as what the others are waiting (including me)
though some Altcoin is also going with the flow meaning the market is really in growth and not just Bitcoin or the altcoin season others are looking.

Why do you keep waiting for a correction? First of all you are probably waiting for a crash, because crash is the long term thing, correction already happened just a month ago, when the price hit 41k for the first time, the price dropped as much as 28k or 29k levels, and then we are at above 55k right now after that, which shows you that there is really nothing to worry about in a correction, it could drop a lot, it could literally go under 40k right now, be 38k or so (first decent support line I can see) and it could still go above 100k after that.

I am not saying that will be the thing that happens, all I am saying is that it has a huge potential to happen and that is why I think it is quite important that we take this into consideration as well. If you go around and only talk about the crash potential which I agree the price could fall a lot, then you are leaving the fact that a correction could lead to a higher price reality as well.

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Quote from: Bergkampsballs on February 16, 2021, 07:34:44 AM

Happy days

and also Smashed 55k https://coinmarketcap.com/currencies/bitcoin/ so now we are seeking for the 60,000 Breaking and then will decide if what comes next.

I don't think that we will be getting any high than 70k this soon ,but until the end of 2021 there is no impossible because the correction seems to be pending to happen as what the others are waiting (including me)
though some Altcoin is also going with the flow meaning the market is really in growth and not just Bitcoin or the altcoin season others are looking.

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Quote from: ukw on February 16, 2021, 10:59:16 AM

Now there will be fewer and fewer people willing to sell, except for those who bought Bitcoin when it was significantly cheaper.

Yes and that takes the demand to go higher.
I wouldn't dare sell too.
This is a bull run and it may continue to do so while we see institutional investors using their purchasing power.
The power of Twitter is really something else.
Hypes left and right and then the Elon Musk news was being followed by rich people.

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Quote from: Janation on February 20, 2021, 02:45:29 AM

Right now, it is sitting at $55K.

Just after smashing the $50K price mark, it went further and I think this is just the sign that $50K is not the price mark that would stop its bull run. The next goal is $100K but I don't think it will be that further. I am guessing that the price will stop at $80K this year. Still, there is a chance that it will actually reach $100K this year.

This bull is just sleeping for the past year and now running amok breaking any resistance it gets in the way.

Yep, not just the bull bro, it's the whole herd that are running amok right now, Lol. And $50k was slice like a butter as they say. I just laugh off though we thinks that the bubble will end at $50k, but look at teh price, smashing the next mental barrier of $55k as well. We should get ourselves familiarize with bitcoin surpassing new highs and we should wait for $100k to happen before we celebrate again.

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Quote from: Silberman on February 19, 2021, 08:03:09 PM

Quote from: isaac_clarke22 on February 16, 2021, 11:26:08 AM

I wouldn't still call it a hard-smash since it barely to almost touched that price but I can confirm that it happened when I checked "btc to usd" in Google.
Right now, BTC seems like to hug around 47-49k a lot. Guess it would be great for shorter term trade to get those juicy profits and buy again while it seems to bounce around that price.
For us long-term holders, well hodl. We'll get there.

There is no doubt the OP exaggerated a little bit when he made this thread but I think that right now we can actually talk about bitcoin smashing that level, bitcoin has reached 56k and it seems that it has still some room to grow, obviously we are all happy about what it is happening but at the same time I cannot help but wonder how long governments are going to tolerate this, the higher the price goes the more news we will see around the world about bitcoin and the more interest we will get from the average person that will want to invest here instead of the stock market.

It sounds funny if I would have remembered the past of 2017, that made me frustrated because I spent all of the btc I had. Happy days! Yeah of course, that's only for people who been patient for such a long time but not for me nor others. Because, that's a worst nightmare if I'm going to think day by day. Maybe I should avoid reading their happy feelings, rather wait for another price dips coming.

Janation

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Right now, it is sitting at $55K.

Just after smashing the $50K price mark, it went further and I think this is just the sign that $50K is not the price mark that would stop its bull run. The next goal is $100K but I don't think it will be that further. I am guessing that the price will stop at $80K this year. Still, there is a chance that it will actually reach $100K this year.

This bull is just sleeping for the past year and now running amok breaking any resistance it gets in the way.

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Quote from: isaac_clarke22 on February 16, 2021, 11:26:08 AM

I wouldn't still call it a hard-smash since it barely to almost touched that price but I can confirm that it happened when I checked "btc to usd" in Google.
Right now, BTC seems like to hug around 47-49k a lot. Guess it would be great for shorter term trade to get those juicy profits and buy again while it seems to bounce around that price.
For us long-term holders, well hodl. We'll get there.

There is no doubt the OP exaggerated a little bit when he made this thread but I think that right now we can actually talk about bitcoin smashing that level, bitcoin has reached 56k and it seems that it has still some room to grow, obviously we are all happy about what it is happening but at the same time I cannot help but wonder how long governments are going to tolerate this, the higher the price goes the more news we will see around the world about bitcoin and the more interest we will get from the average person that will want to invest here instead of the stock market.

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Quote from: Bergkampsballs on February 16, 2021, 07:34:44 AM

Happy days

happy day too! and hopefully this lasts long, because bitcoin is really still very bullish, I believe that,
but the big correction hasn't happened yet and the indicator is still overbought, of course it will be more dangerous to enter,
If bitcoin price can hold at least $ 70k then $ 50k will be a strong support.

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Quote from: Vishnu.Reang on February 17, 2021, 12:39:24 PM

Quote from: The Sceptical Chymist on February 17, 2021, 11:11:09 AM

Quote from: isaac_clarke22 on February 16, 2021, 11:26:08 AM

I wouldn't still call it a hard-smash since it barely to almost touched that price

That might have been true when you wrote your post, but as of right now, bitcoin is at $51k. Unbelievable!

It's nice that bitcoin is blowing up and all, but I suspect that there's going to be a correction coming soon--unless there continues to be more institutional buying, in which case all bets are off. I'm fairly certain that the reason bitcoin is where it is is because of companies like MSTR and the rest that are buying huge amounts of it. Eventually that enormous demand will taper off and traders will take profits, too, but I'm just hoping we don't see a major crash.

I'm keeping my fingers and toes crossed.

Institutional buying is ongoing right now, and we don't know the details. Even in the case of Tesla, they revealed about the purchase only one month later. The announcement was made in February, although most of the buying was done in January. Perhaps that is the reason why we are not having a correction right now. I expect a lot of individual investors to book their profits at these levels. But the coins that are becoming available at the market are rapidly being mopped up by the institutions.

More institutional investment were taking place in the hidden manner. Atleast little news got revealed from the big players and the same served as the ignition point for the large scale growth of the market without much interruptions. Everything grows with good stability, which means there is no big correction and no hard fluctuation downward. The demand is high and the market is kept highly active by the large scale investors. Right now common man enjoy the profit just by hodling.

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Quote from: JahriMeayer on February 17, 2021, 02:07:31 PM

Once upon a time hit the $50k milestone was a dream for bitcoin that is done by now.I'm happy to see such incredible growth of bitcoin but i have hesitation about bitcoin transactions fee which is increasing day by day. Large transaction fee mightn't matter for big traders but that makes trouble the normal user like us.i am really upset about bitcoin but any away, congratulations to all bitcoin lovers

The only matter with fee that it becomes expensive is because it's converted to USD. We look at that portion but even before, I guess I've paid the same amount of fees in bitcoin without looking at the value of it on USD.

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Once upon a time hit the $50k milestone was a dream for bitcoin that is done by now.I'm happy to see such incredible growth of bitcoin but i have hesitation about bitcoin transactions fee which is increasing day by day. Large transaction fee mightn't matter for big traders but that makes trouble the normal user like us.i am really upset about bitcoin but any away, congratulations to all bitcoin lovers

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Quote from: The Sceptical Chymist on February 17, 2021, 11:11:09 AM

Quote from: isaac_clarke22 on February 16, 2021, 11:26:08 AM

I wouldn't still call it a hard-smash since it barely to almost touched that price

That might have been true when you wrote your post, but as of right now, bitcoin is at $51k. Unbelievable!

It's nice that bitcoin is blowing up and all, but I suspect that there's going to be a correction coming soon--unless there continues to be more institutional buying, in which case all bets are off. I'm fairly certain that the reason bitcoin is where it is is because of companies like MSTR and the rest that are buying huge amounts of it. Eventually that enormous demand will taper off and traders will take profits, too, but I'm just hoping we don't see a major crash.

I'm keeping my fingers and toes crossed.

Institutional buying is ongoing right now, and we don't know the details. Even in the case of Tesla, they revealed about the purchase only one month later. The announcement was made in February, although most of the buying was done in January. Perhaps that is the reason why we are not having a correction right now. I expect a lot of individual investors to book their profits at these levels. But the coins that are becoming available at the market are rapidly being mopped up by the institutions.

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Quote from: isaac_clarke22 on February 16, 2021, 11:26:08 AM

I wouldn't still call it a hard-smash since it barely to almost touched that price

That might have been true when you wrote your post, but as of right now, bitcoin is at $51k. Unbelievable!

It's nice that bitcoin is blowing up and all, but I suspect that there's going to be a correction coming soon--unless there continues to be more institutional buying, in which case all bets are off. I'm fairly certain that the reason bitcoin is where it is is because of companies like MSTR and the rest that are buying huge amounts of it. Eventually that enormous demand will taper off and traders will take profits, too, but I'm just hoping we don't see a major crash.

I'm keeping my fingers and toes crossed.

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Quote from: okissabam on February 17, 2021, 09:14:19 AM

Happy days indeed for most people who just bought bitcoin, and hopefully for those who bought the other cryptocurrencies. So far, Bitcoin and Ethereum are doing great for the first few months of the year.

those who bought altcoins these days are having the worst time of their lives because altcoins are dumping hard. that is the known trend from early days. this is also why almost everyone dumps their altcoins at times like this (the altcoin volume shoots up every time bitcoin rises).
ethereum is probably the smallest dump so far. last week it was 0.04 and now it is 0.035 with a 12.5% dump as bitcoin rises.

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Happy days indeed for most people who just bought bitcoin, and hopefully for those who bought the other cryptocurrencies. So far, Bitcoin and Ethereum are doing great for the first few months of the year.

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