bitcoin over 30k - page 2. | Bitcointalksearch.org

AndySt

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they use it because they think it is valuable, actually all commodities around the world also have no price at all.
because they think it is valuable.
Likewise with BTC, the initial exit was almost worthless but is now widely used.

By the way, most useless products usually still have a small, but the price Wink

What you have just said relates to pure philosophy, and in the real world economy in a market economy, almost everything can have a market price, the most important thing is that there is a seller and a buyer, and then the invisible hand of the market of Adam Smith comes into force.

BuNga_cute

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I don't agree if someone says Bitcoin is worthless, because the price of Bitcoin has continued to rise from its creation until now. Even current
Bitcoin demand comes from large companies with large market caps, if a large company decides to invest in Bitcoin, Bitcoin is definitely valuable.
We must not deny that in fact Bitcoin is valuable, even in the COVID-19 situation that has caused other assets to collapse. Bitcoin in 2020 is
showing great performance.

Traderbtcc

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Quote from: spy100 on January 04, 2021, 07:54:37 PM

I was a pessimist that bitcoin will go over 20k ,now it's over 30k

From my perspective btc is worthless same as cash ...it has no value for me

I get it ,it's volatile a speculator and market manipulator dream come true ...for them it has value

Bitcoin is worthless? $40k is worthless to you not to me tho, I know everyone is entitled to their own opinion about things, but you can't say a diamond worthless Cheesy

.

Quote from: spy100 on January 04, 2021, 07:54:37 PM

Poor people gamble their savings now thinking they will get rich quick .

As I can remember no one forced weak hands to invest in bitcoin, every investment is risky, I believe they know about the risk before investing in bitcoin, so if there's any blow back it's definitely on them and not the bitcoiners, if they bought it earlier when it dipped last year, you won't be saying this.

ardentvolcanoes

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Quote from: ecnalubma on January 08, 2021, 12:25:49 PM

Take profits if necessary, don’t be too greedy even if the market is so bullish it doesn’t guarantee. People buying now are people who don’t care when the prices are at sale. The reason behind I’m into Bitcoin is I believe in its technology that’s definitely still undervalued.

A friend of mine has been keeping 15 bitcoins for over 6 years. When bitcoin was worth $ 9000, I advised him to take profit, but he said he was waiting for $ 100k.
Bitcoin is now worth $ 40,000, and it is still not going to be fixed. What is greed? Or a pragmatic calculation? I do not understand.

Wow! if I'm with his shoe I'll be in a rush selling those holdings and enjoy the rest of my life, not sure what your friend's thinking but

waiting for that huge amount will take more years, unless he have an inside knowledge with those people behind this system and he's

really positive that acceptance with this system will push the value to that range.

CryptoLogo

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Quote from: peter0425 on January 06, 2021, 06:28:17 AM

Quote from: CryptoLogo on January 06, 2021, 05:21:28 AM

What are you talking about? Everyone should think with his own head. And then suicides and deaths. If a person does not have enough brains to figure out what cryptocurrency is and how dangerous it is, then there is nothing surprising that he will lose money on it. Ie then his problem and his fault, and not those who created or supports the cryptocurrency.

Even those who has no Brains in Head that invest on Bitcoin wayback are now a Millionaire so whats the Suicide on that?

I meant that the comment on the starter's topic about the fact that suicides will be on the conscience of "managers or advisers" is not correct.
Everyone is responsible for his own life and is responsible for his actions. This is the same as saying that people who did not advise you to buy bitcoin for $ 3000 are to blame for this.

iv4n

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Quote from: ecnalubma on January 08, 2021, 12:25:49 PM

Take profits if necessary, don’t be too greedy even if the market is so bullish it doesn’t guarantee. People buying now are people who don’t care when the prices are at sale. The reason behind I’m into Bitcoin is I believe in its technology that’s definitely still undervalued.

Sometimes having high expectations and goals is fine, if you have good reasons to believe in them! Being greedy is one thing, believing in something more than in "making profit" is something else, let's not mix this too. Shorting, what most of us thinks about in bullish periods, we are trying to sell the top and buy back when price drops!

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A friend of mine has been keeping 15 bitcoins for over 6 years. When bitcoin was worth $ 9000, I advised him to take profit, but he said he was waiting for $ 100k.
Bitcoin is now worth $ 40,000, and it is still not going to be fixed. What is greed? Or a pragmatic calculation? I do not understand.

A man with a plan! We need to respect that! For now, we can say he is doing just alright! If he waited 6 years, he is prepared to wait a few more for sure...by that time he will reach his goal!

Quote from: Jemzx00 on January 08, 2021, 02:54:41 PM

I too am at a confusion state just like everyone. Most of us were expecting for the price to be corrected at late December which didn't happened rather it pump and raise hard from breaking the 30k wall and now the 40k wall is reached. Right now, I expect the price to dip at 10k USD and be pump to 20-25k USD as the corrected price and the new normal for bitcoin. If we're lucky we can expect to see a normal price of 30k USD on the coming months after correction happen. Which I don't know when?!!!!!

I agree, I expected to drop after $20k...but after some time we saw $30k, I was thinking this is it... and hello $40k! For sure, I didn't expect this price, at least not now! Maybe be at the end of this year, November, December...not in January!
I heard some crazy predictions in the last few weeks! And to be honest I don't know what to expect... like always I will try to keep some coins safe, I will sell some and wait for possible dip, playing safe is recommended sometimes!

Jemzx00

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Quote from: ecnalubma on January 08, 2021, 12:25:49 PM

Take profits if necessary, don’t be too greedy even if the market is so bullish it doesn’t guarantee. People buying now are people who don’t care when the prices are at sale. The reason behind I’m into Bitcoin is I believe in its technology that’s definitely still undervalued.

A friend of mine has been keeping 15 bitcoins for over 6 years. When bitcoin was worth $ 9000, I advised him to take profit, but he said he was waiting for $ 100k.
Bitcoin is now worth $ 40,000, and it is still not going to be fixed. What is greed? Or a pragmatic calculation? I do not understand.

I too am at a confusion state just like everyone. Most of us were expecting for the price to be corrected at late December which didn't happened rather it pump and raise hard from breaking the 30k wall and now the 40k wall is reached. Right now, I expect the price to dip at 10k USD and be pump to 20-25k USD as the corrected price and the new normal for bitcoin. If we're lucky we can expect to see a normal price of 30k USD on the coming months after correction happen. Which I don't know when?!!!!!

sapnu

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Quote from: ecnalubma on January 08, 2021, 12:25:49 PM

Take profits if necessary, don’t be too greedy even if the market is so bullish it doesn’t guarantee. People buying now are people who don’t care when the prices are at sale. The reason behind I’m into Bitcoin is I believe in its technology that’s definitely still undervalued.

Indeed, what you have said is advisable as of now since the price already reached the new ATH and it is really unbelievable to happen, also unpredictable. To those people who want to buy, make sure that you know the tools and indicators when you are trading that, but if you tried to take that as long-term holding, I don't think that is a good idea. Make sure you are well-knowledgeable about what you are doing so that you can prevent losing your own money.

ecnalubma

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Take profits if necessary, don’t be too greedy even if the market is so bullish it doesn’t guarantee. People buying now are people who don’t care when the prices are at sale. The reason behind I’m into Bitcoin is I believe in its technology that’s definitely still undervalued.

kpierce77

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Quote from: BITCOIN4X on January 08, 2021, 12:09:01 PM

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To date, Bitcoin figures $ 41,350 and this is only at the beginning of the year. It's even hard to imagine what will happen a few months later, but the current situation is quite similar to 2017 after the halving. I believe that skeptics are still tearing their hair out because of poor forecasts.

If the benchmark of your current analysis is the Halving, then this should be the start of the ascent, the peak may be in late 2021 or early 2022. History doesn't have to be the same and Bitcoin can go up and down more than people predict and it has happened many times before today. This increase will continue and the volatility will always be there. At least in the near future bitcoin will not go down based on what I currently believe.

Honestly, there is no benchmark that is relevant anymore if you compare it to 2017/2018. reuters gave the news that bitcoin will continue to experience a positive trend up to $140k, do they have a solid foundation? I guess it's just speculation right. yes bitcoin probably won't go down like 2 years ago if people started using it in a complex system

BITCOIN4X

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To date, Bitcoin figures $ 41,350 and this is only at the beginning of the year. It's even hard to imagine what will happen a few months later, but the current situation is quite similar to 2017 after the halving. I believe that skeptics are still tearing their hair out because of poor forecasts.

If the benchmark of your current analysis is the Halving, then this should be the start of the ascent, the peak may be in late 2021 or early 2022. History doesn't have to be the same and Bitcoin can go up and down more than people predict and it has happened many times before today. This increase will continue and the volatility will always be there. At least in the near future bitcoin will not go down based on what I currently believe.

BITCOIN4X

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Quote from: spy100 on January 04, 2021, 07:54:37 PM

Poor people gamble their savings now thinking they will get rich quick ...

I am interested in this. What you need to realize today is that bitcoin is not the get-rich-quick scheme they think it is. Even though you have the potential to reap a return of 100% or even more than your current investment value, it is clear that this investment is not one of these schemes. Traders and investors are always in an advantage and disadvantage situation because basically the volatility will remain. This is an investment risk and you should be aware of it.

Anyone has the right to choose where to spend their money in the sense that your money is your responsibility. If someone decides to invest in bitcoin, they should be aware of the investment risks from the start. There is no investment without risk.

bosede1

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There are lot of speculations about bitcoin price last year and today we see the price over $30k. For those gambling with bitcoin I think these are the set of people who can regret being in the business.

bits4books

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Crypto is not a religion but i like it

Or maybe you'll let people decide for themselves what to do with their lives? Everyone dislikes the state so much because it is against cryptocurrencies and does a lot of things to limit its use, and then you come and say that " who will be responsible?". People are quite free to decide for themselves what to invest in and in what amount.
You don't against (or against?) ordinary means of investment like shares, bonds or futures, etc. So why are you now saying that someone should be held accountable for the actions of other people?
It's time to get used to the fact that no one owes you anything and only you are responsible for yourself. You're not 10 years old after all.

ethereumhunter

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Quote from: AndySt on January 07, 2021, 06:23:25 PM

Quote from: ethereumhunter on January 07, 2021, 04:34:24 AM

So from that, it could trigger bitcoin price to increase more than that, and it could invite many more people to come to crypto because of them see the benefits of bitcoin to them. If that happens, bitcoin will break $40k this year, and it could be up to $50k.

Another important reason is the events that have taken place in recent days in the United States and this growth can reach 50 thousand dollars, another question is that when the president-elect enters normally to fulfill his duties, then we can expect a good correction and it is completely unclear from what positions the exchange rate price will gain back its heights, and this can make a big difference.

Finally, bitcoin can break $40k even reach $41k, and still rising to a higher price. Slowly but sure, the price increase, and no matter if the price is down, the price can gets up and break the next higher price. Maybe after this, we will see another correction, so please be careful to get your profit, and close your trade if you are doubt with the market.

raidarksword

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Bitcoin just reached $40k yesterday which is the new all time high that we are longing for a long time hence we are now enjoying the bull run seasons since last 2017 we had. It's also expected to have a price correction and hoping for a new all time high price is pretty inevitable during these days.

AndySt

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Quote from: ethereumhunter on January 07, 2021, 04:34:24 AM

So from that, it could trigger bitcoin price to increase more than that, and it could invite many more people to come to crypto because of them see the benefits of bitcoin to them. If that happens, bitcoin will break $40k this year, and it could be up to $50k.

Another important reason is the events that have taken place in recent days in the United States and this growth can reach 50 thousand dollars, another question is that when the president-elect enters normally to fulfill his duties, then we can expect a good correction and it is completely unclear from what positions the exchange rate price will gain back its heights, and this can make a big difference.

Jating

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$40k++ new all time high. All investments have risk, not just bitcoin. I had a debate with some of my friends, not trying to convince them, but they want an assurance how much profits they are going to earn. Lol, very wrong mindset as we really don't know what the future brings.

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If you will treat Bitcoin that way then I suggest that you must stay away of this investment too. Anyway, everyone is entitled to their own opinion but all of these that you have said against Bitcoin is can be happen also in other investments which is common for an investment as long as money were involved.

Your investment won't grow if you treat it negatively. You need to trust on bitcoin because it won't be here for above 10 years if its not a profitable one. I suggest you should change your mindset towards bitcoin. Bitcoin is already $30k above and with its growing institutional investors, its massive adoption is close to its reality. So think twice, either you believe and invest on bitcoin, or simply don't start investing anyway.

Not just believed or trust, but we have seen it grow in the last ten years with huge returns for investors and still growing up to this point. And there are a lot of investors right now, institution and companies that you have to think that those people are not stupid to throw huge money in the market.

ethereumhunter

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Quote from: ?? on ??

Bitcoin had really a blast at the end of 2020 and up to the present, bitcoin is still gaining high momentum to keep on going upward. It's not surprising anymore if in the next days, our new ATH is already $50k. But behind these good times for bitcoin, we should not forget to keep investing on the amount we can afford to lose. We don't hold the future of bitcoin so we should still be careful and cautious.

I think the pandemic is one reason why digital money became booming in the last year. Hence, people tried to use the digital money, whether it is a cryptocurrency or digital currency from our countries. It triggers the using of bitcoin was increased as many people stayed at their home, which means they have much time to browse the news. People see the advertising about bitcoin, and they decide to search for more info, and finally, they interested in bitcoin, and decide to invest in bitcoin.

So from that, it could trigger bitcoin price to increase more than that, and it could invite many more people to come to crypto because of them see the benefits of bitcoin to them. If that happens, bitcoin will break $40k this year, and it could be up to $50k.

samputin

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Quote from: spy100 on January 04, 2021, 07:54:37 PM

I was a pessimist that bitcoin will go over 20k ,now it's over 30k

From my perspective btc is worthless same as cash ...it has no value for me

I guess you changed your mind now, because btc is not unreliable as it seems. It can really be your friend in times of need. Look at me, I already spend few of my savings to sustain my daily living and yet my remaining balance continue to grow. But actually, I'm not expecting a fast pump as well. Welp I think we should stop doubting bitcoin from now on Cheesy

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Quote from: spy100 on January 04, 2021, 07:54:37 PM

Question is how will be responsible for the suicides & murders...when they start happening ?

Poor people gamble their savings now thinking they will get rich quick ...

Exactly! That's the problem. Some people got a mindset of becoming rich overnight that's why they end up losing in the end. The key is to avoid too much expectations in this volatile market. Get rid of overvonfidence and always mind that every money you put in line can give you fortune as well as misery. Every investor should be aware of the reality and not living on their fantasies. Stop daydreaming that bitcoin will make you rich quick, able you to buy a Lambo etc. etc. Just be logical all the time to avoid making wrong decisions.

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