Bitcoin over $10,000 for the past 66 days

Emitdama

sr. member

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Quote from: SmokerFace on November 10, 2020, 01:50:23 AM

I've doubted that bitcoin will fall again at the end of the year Since New Year and Christmas is near and people surely use their bitcoin to spend the festival.
I think this what happens in 2017. But since it's highly volatile so I am not 100% sure if it happens or not.
No matter what happens I will still hold my all coins until it reaches to 20k

Yeah, actually the price hardly ever falls during the end of year because like you mentioned people spend their coins but there might be other reasons as well because I imagine the shopping with bitcoins cannot have a massive impact on the price. There might be other reasons like the year comes to an end so people invest their spare funds into bitcoin or something like that maybe.

I agree that we might see a $20k soon and anyone selling now will only regret but that doesn't mean I am trying to stop someone from selling because the market is so volatile that you better take your own decisions.

SmokerFace

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I've doubted that bitcoin will fall again at the end of the year Since New Year and Christmas is near and people surely use their bitcoin to spend the festival.
I think this what happens in 2017. But since it's highly volatile so I am not 100% sure if it happens or not.
No matter what happens I will still hold my all coins until it reaches to 20k

bestfriendyb

newbie

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Quote from: bestfriendyb on October 01, 2020, 10:26:38 PM

I think BTC will be traded around 10k area and go up from here. There will not be 3k price anymore.

Now, 27th Otc

STT

legendary

Activity: 4102

Merit: 1454

The connection is not USA directly, you are correct in one way but the dollar is very relevant and since the people in charge to some extent are elected then its a possible change of policy etc. Its a pretty big news event that can show up on the graphs without any great energy, it might even be the case the price is rising because Biden grew in the polls Im not sure if thats perceived that way or not. The FED is supposed to be independant and not political but thats nonsense, its all about government not trade at present; debt over proper policy has been true for years.
I still think we can revisit the 200 day average which is below 10k, volatility is rising over time and for that reason alone even without being negative we can retrace previous pricing to that extent.

jostorres

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Quote from: kotajikikox on October 19, 2020, 07:16:03 AM

Quote from: G.Belaci on October 01, 2020, 06:20:34 AM

Bitcoin has been above $10,000 since July 27 and attracts more young investors and crypto enthusiast. Will BTC ever drop under $10,000 ever again?

Read the article if you also find it interesting: https://www.worldcoinindex.com/news/bitcoin-makes-new-record-completes-63-days-consistently-over-10k-the-longest-period-ever

Let us not talk about the falling instead lets look for another hype lol.

$10k is indeed in good faith this couple of months but we need more because the situation now is subsiding from the Burn of Covid 19.
so basically purely Pumping is what we need and more off the Election of US is soon to come,surely another movement will near to come.

I don't understand what connection is there between elections in America and the price of bitcoins or crypto in general. Apart from from sportsbook taking bets on the event Grin

I cannot find any relation between the elections and the price for bitcoins.

I was surprised that BTC did not dropped below 10k since a long time and now people may set target for 11k or 12k and maybe even 13k in future. The thing with bitcoins is that it can rise and drop like a freefall so don't be too optimistic if the price goes bonkers or remains stable also don't get too worried and don't panic sell when it goes down. Volatility is the nature of bitcoins and we have to live with that and actually that's better because more volatile means more chances to buy and sell frequently.

thecodebear

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I wouldn't be surprised to see it drop under $10k again, but I also wouldn't be surprised if we never see a single trade in the 4 digits again. If there is a correction in the next few months I could see it very briefly dipping under $10k at its lowest, and then spiking back up. But in general 4 digits are likely gone for good now and $10k is the floor of the market now.

Fortify

legendary

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This somewhat coincides with EU and UK central banks telling people to prepare for negative interest rates. I can see a lot of rich people choosing to move at least part of their money into slightly riskier assets, since it will be losing even more value if they simply leave it in a bank account. The world is not really prepared for negative interest rates but Covid is making it more likely - so apparently Covid is good for cryptocurrencies like Bitcoin.

darewaller

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Merit: 640

Quote from: KTChampions on October 23, 2020, 04:26:40 AM

Quote from: kotajikikox on October 19, 2020, 07:16:03 AM

Let us not talk about the falling instead lets look for another hype lol.

$10k is indeed in good faith this couple of months but we need more because the situation now is subsiding from the Burn of Covid 19.
so basically purely Pumping is what we need and more off the Election of US is soon to come,surely another movement will near to come.

I'm surprised that the past movement took place long (relatively) before the elections. What caused this? I don't see any fundamental factors at the moment. I see that the hashrate of the bitcoin network is breaking records, but this cannot be the reason, usually it is a consequence of some positive changes.

This might be because of the market recovering slowly from the devastating corona virus situation that was caused for several months and even now it has not cleared but has really slowed down and everything is getting back to normal. Maybe if the virus spread did not happen we might be having 16-17k price right now but the price was suppressed as low as 4k and the hike that was due to be taken place was spent all in filling the hole caused in march.

What I am saying is that the price went to around 4k in March and to lift it up to where it is now was a huge challenge in itself and imagine if the price never dropped we would had a new All-Time high price already. So as the market is recovering we are moving strong towards the next year and financial sheets are getting better for everyone slowly.

KTChampions

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Quote from: kotajikikox on October 19, 2020, 07:16:03 AM

Let us not talk about the falling instead lets look for another hype lol.

$10k is indeed in good faith this couple of months but we need more because the situation now is subsiding from the Burn of Covid 19.
so basically purely Pumping is what we need and more off the Election of US is soon to come,surely another movement will near to come.

I'm surprised that the past movement took place long (relatively) before the elections. What caused this? I don't see any fundamental factors at the moment. I see that the hashrate of the bitcoin network is breaking records, but this cannot be the reason, usually it is a consequence of some positive changes.

kotajikikox

full member

Activity: 2548

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Quote from: G.Belaci on October 01, 2020, 06:20:34 AM

Bitcoin has been above $10,000 since July 27 and attracts more young investors and crypto enthusiast. Will BTC ever drop under $10,000 ever again?

Read the article if you also find it interesting: https://www.worldcoinindex.com/news/bitcoin-makes-new-record-completes-63-days-consistently-over-10k-the-longest-period-ever

Let us not talk about the falling instead lets look for another hype lol.

$10k is indeed in good faith this couple of months but we need more because the situation now is subsiding from the Burn of Covid 19.
so basically purely Pumping is what we need and more off the Election of US is soon to come,surely another movement will near to come.

pokeronlinestatus

full member

Activity: 455

Merit: 102

This is something I have been expecting for a long time, I knew from a long time that the price of Bitcoin will keep on climbing. The lowest price we had in the past years might not be the lowest we will be seeing in the future. Thought the lowest for this year was something we never expected, the price wouldn’t have dropped that low if not because of the pandemic, but that has happened.

Moreover I am happy that it never took long before the price started going back up again, and now it has been balanced. Let’s hope for more of this increase in the future. That’s why it’s always good to invest in Bitcoin with plans of holding for a long period, because that’s when you can benefit from it.

Distinctin

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Quote from: gurjasmeetsingh on October 14, 2020, 02:20:13 AM

It is not time to predict about bitcoin. But l have surety bitcoin price will be grow up & to attract the people to invest in bitcoin. I think so.

Bitcoin has been over 10k for now more than couple of months and that too during the times when all other market due to pandemic were falling. So it means that demand continues to rise or remain stable and thus it is able to sustain the price. Hoping that we could see it soon above 12k levels as well.

I've been so confident about the growing instances of the market $12k-$13k range before we end up this year but can't also deny and any possible for dumps will come.

As we enter the last quarter of this year, we saw a strong market gain despite the pandemic and this implies into something more hopeful crypto adoption. It sounds like the pandemic helps it and the new normal making its way to finally see the importance of Bitcoin besides the existing cashless payment system (credit and debit cards).

STT

legendary

Activity: 4102

Merit: 1454

Its a good observation as 10k area is near to the full value for BTC and the longer we maintain a lower price the more likely it can hold for a greater rise beyond this range. July was important in being capped by 10500 previously and then exceeding that and keeping it as a low. The biggest clue would probably to look at the dollar index or DXY and see if we have altered into a new phase there, I doubt BTC would fall while that stays at levels similar to July or lower say about 94.6 seen in Sept DXY peak.

dunfida

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Quote from: bitzizzix on October 18, 2020, 12:03:54 PM

Quote from: beerlover on October 18, 2020, 11:06:23 AM

It is not going to be 30k anytime soon at all, it is going to be decent for sure, I am not saying it is not going to go up, it will definitely go up eventually, all I am saying is when it goes up it is not going to be like a 30k type of going up, that is why I believe we should not be too hyped about it.

Because when you get hyped like crazy and end up with something like 20k in price, you still wait for 30k and then it goes down and you lose all your money if you bought at around 20k levels, so be ready for fall whenever it happens. That would be the best way to go, buy like it is going up, be ready like it might go down. At that point you take advantage of any ups, and you do not get hurt by any lows neither, it would be very helpful for everyone involved in trading.

Yes, for the near future it seems impossible and it is just a prediction that is not necessarily true and many people have previously predicted that the price of bitcoin will reach a very high price with a different face value and vice versa.
The increase in bitcoing prices is likely to occur in the near future and I cannot predict it because lately the movement of bitcoin is difficult to predict, you should take advantage of the cheap price of bitcoin to buy it because after a decline it will definitely go up again and take advantage of it I think is good.

Predicting on what would be the price of bitcoin in the future is somewhat useless into those people who do actively trade with it where they dont mind on what would be the price ahead
which the most important is that they do able to get profits on dealing with price on active manner.Predictions is always can be seen into this market yet price had always been unpredictable.
We can tally though on what are the statistics but doesnt mean that they would repeat once again.On the topic about 10k price in past 66 days? we cant be sure if we would be heading back
below into that level.Thing here is that you do able to utilize to make profits neither the market is plumetting down or rising up.It doesnt matter because price had
always been unpredictable.

Ridwan Fauzi

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Activity: 1330

Merit: 147

Quote from: G.Belaci on October 01, 2020, 06:20:34 AM

Bitcoin has been above $10,000 since July 27 and attracts more young investors and crypto enthusiast. Will BTC ever drop under $10,000 ever again?

Read the article if you also find it interesting: https://www.worldcoinindex.com/news/bitcoin-makes-new-record-completes-63-days-consistently-over-10k-the-longest-period-ever

There is no impossible for bitcoin price movement, its price can up and down without we realized it. But, I don't know I just thinking that its price will never touch below $10.000 for this year. The reason that I have is bitcoin price should fall a lot when there is a problem with an exchange especially hacking event.

A few weeks ago there are some exchange who got a problem, one exchange has been hacked and another can't withdraw all user funds but its price just fall slowly not drastic as we have seen with the previous event. I don't know the reason behind it but clearly there will be many whales who still hold bitcoin at this situation and it would be good in the further situation.

bitzizzix

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Quote from: beerlover on October 18, 2020, 11:06:23 AM

It is not going to be 30k anytime soon at all, it is going to be decent for sure, I am not saying it is not going to go up, it will definitely go up eventually, all I am saying is when it goes up it is not going to be like a 30k type of going up, that is why I believe we should not be too hyped about it.

Because when you get hyped like crazy and end up with something like 20k in price, you still wait for 30k and then it goes down and you lose all your money if you bought at around 20k levels, so be ready for fall whenever it happens. That would be the best way to go, buy like it is going up, be ready like it might go down. At that point you take advantage of any ups, and you do not get hurt by any lows neither, it would be very helpful for everyone involved in trading.

Yes, for the near future it seems impossible and it is just a prediction that is not necessarily true and many people have previously predicted that the price of bitcoin will reach a very high price with a different face value and vice versa.
The increase in bitcoing prices is likely to occur in the near future and I cannot predict it because lately the movement of bitcoin is difficult to predict, you should take advantage of the cheap price of bitcoin to buy it because after a decline it will definitely go up again and take advantage of it I think is good.

Lycan70

jr. member

Activity: 63

Merit: 1

Very much possible to go down to under $10k again. A volatile currency. But just hoping that it goes up to $20k before the year ends. It will be a great holiday season when that happens.

beerlover

legendary

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Merit: 1188

It is not going to be 30k anytime soon at all, it is going to be decent for sure, I am not saying it is not going to go up, it will definitely go up eventually, all I am saying is when it goes up it is not going to be like a 30k type of going up, that is why I believe we should not be too hyped about it.

Because when you get hyped like crazy and end up with something like 20k in price, you still wait for 30k and then it goes down and you lose all your money if you bought at around 20k levels, so be ready for fall whenever it happens. That would be the best way to go, buy like it is going up, be ready like it might go down. At that point you take advantage of any ups, and you do not get hurt by any lows neither, it would be very helpful for everyone involved in trading.

3meek

hero member

Activity: 2576

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God, save BTC!

Quote from: ?? on ??

Quote from: gurjasmeetsingh on October 14, 2020, 02:20:13 AM

It is not time to predict about bitcoin. But l have surety bitcoin price will be grow up & to attract the people to invest in bitcoin. I think so.

Bitcoin has been over 10k for now more than couple of months and that too during the times when all other market due to pandemic were falling. So it means that demand continues to rise or remain stable and thus it is able to sustain the price. Hoping that we could see it soon above 12k levels as well.

In fact, it may not be the demand but the artificial keeping of the price, but in any case I do not care much about it! I am still optimistic about the future of bitcoin! Although it seems to me that after the U.S. presidential election, the price may fall, but most likely it will not be for long!

$crypto$

legendary

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Quote from: Untomabur on October 18, 2020, 09:05:47 AM

Quote from: DeathAngel on October 18, 2020, 07:47:18 AM

We’ve got a really solid floor now, we’ve seen a global pandemic & here we are still over $10,000. Expect six figured $ valued bitcoin next year. It’s going to be very exciting.

because the Pandemic I think Bitcoin is becoming popular, we know the work is now at home,
and people have full access to the internet, and Bitcoin is one of the best investment options,
$ 10000 for Bitcoin is a key level of the next bullish cycle, hope it can hold in this price

During the pandemic we can spend time with bitcoin and with internet access what we do is want to know about bitcoin how it is developing, well here many people are starting to be interested in investing in bitcoin with prices that are staying at quite a number of 10k and are now at the 11.4 level. k it indicates the bitcoin cycle will be strong, with the addition of the next number I am sure this will be a big increase.

Topic: Bitcoin over $10,000 for the past 66 days (Read 1212 times)