bitcoin over 30k - page 3. | Bitcointalksearch.org

exstasie

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Quote from: The Sceptical Chymist on January 06, 2021, 05:59:04 PM

The price rise is coming from some intense buying--it's as simple as that, but as to who those buyers are is anyone's guess.

Institutions, from the look of it. Retail investors don't usually have billions of dollars to drop on OTC deals: Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy

That's why the price is rising so fast, because of the sheer size of these buys.

We'll find out in a month or three which companies were buying, if not through public announcements then probably through SEC filings.

Quote from: The Sceptical Chymist on January 06, 2021, 05:59:04 PM

I'm fine with bitcoin being at $34k (though I never in my wildest dreams expected it to reach that level so soon), but the thing that worries me is that the market might be repeating the run-up to December 2017 all over again. For everyone's sake, including those companies that bought large amounts of bitcoin, I am hoping that's not going to be the case.

What's wrong with another 2017 run? The companies buying now still have plenty of upside. Most likely, the bottom of the next bear market will be higher than here.

spy100

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Un f...king believable , i am romanian ...i couldn't even possible imagined the things are happening today in the USA ,protect your democracy USA ... your a country that i learned a lot of good things from ...

https://www.youtube.com/watch?v=AVKy_xzSiXI

Damn ! just unbelievable ... forget btc s..hit it is going to get real this year ...

Shasha80

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With the current Bitcoin price which is already at $ 36,300 does not mean it is safe for investment, don't invest in Bitcoin because you want
instant profit and get rich quickly. If you are among those who think so, you should not invest in Bitcoin, because in the end you will experience
losses.

The easiest example is the occurrence of Bitcoin reaching an all time high in 2017, many investors buy at peak prices and end up losing money
after shockingly dumping Bitcoin. So investing in only something we understand, if you want to invest in Bitcoin first learn all things related to
Bitcoin. Don't be in a rush to make a profit without understanding Bitcoin.

Twinkledoe

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Quote from: The Sceptical Chymist on January 06, 2021, 05:59:04 PM

Quote from: jackg on January 04, 2021, 09:07:41 PM

I value the technology, lesser so the currency. I've been watching the price and see people making predictions of it going a lot higher but I doubt I trust the current pricing or where the rise is coming from...

The price rise is coming from some intense buying--it's as simple as that, but as to who those buyers are is anyone's guess. I've been saying that those large companies like MicroStrategy and Grayscale have driven up demand and thus the price of bitcoin, and this in turn has brought a lot of new speculators into the market.

I'm fine with bitcoin being at $34k (though I never in my wildest dreams expected it to reach that level so soon), but the thing that worries me is that the market might be repeating the run-up to December 2017 all over again. For everyone's sake, including those companies that bought large amounts of bitcoin, I am hoping that's not going to be the case.

And man, if you'd asked me in April 2020 when bitcoin would hit $10k again, I would have predicted no earlier than mid-2021. Yep, I suck at predictions and bitcoin has a crazy mind of its own.

Definitely, some companies are buying in large quantities because reaching at 36k, somebody is hoarding bitcoin here. It maybe several companies but it is understandable if they will not disclose their buying spree to the public. With this rise, of course, if you are a holder, you do need to keep up with the market especially if you are waiting this moment to sell some of your portfolio. We already reached another milestone for bitcoin, which, a lot of people don't even expect this to happen fast.

The Sceptical Chymist

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Quote from: jackg on January 04, 2021, 09:07:41 PM

I value the technology, lesser so the currency. I've been watching the price and see people making predictions of it going a lot higher but I doubt I trust the current pricing or where the rise is coming from...

The price rise is coming from some intense buying--it's as simple as that, but as to who those buyers are is anyone's guess. I've been saying that those large companies like MicroStrategy and Grayscale have driven up demand and thus the price of bitcoin, and this in turn has brought a lot of new speculators into the market.

I'm fine with bitcoin being at $34k (though I never in my wildest dreams expected it to reach that level so soon), but the thing that worries me is that the market might be repeating the run-up to December 2017 all over again. For everyone's sake, including those companies that bought large amounts of bitcoin, I am hoping that's not going to be the case.

And man, if you'd asked me in April 2020 when bitcoin would hit $10k again, I would have predicted no earlier than mid-2021. Yep, I suck at predictions and bitcoin has a crazy mind of its own.

sana54210

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Quote from: CryptoLogo on January 06, 2021, 06:21:28 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.

I doubt that there are many people who die because of their bitcoin investment, that doesn't really sound like a big demographic, and compared to wall street deaths where people lose a ton of money, I doubt that would be a big deal here in crypto.

First of all as long as you get in with the amount of money you can afford to lose, you are not going to have any problem, because since it is money you can afford to lose, the worst thing that could happen would be losing that money and that's it, secondly if you end up even losing for a while, in crypto world there is no forever, it will not profit forever, it will not lose forever, so if you end up going down after a while, just wait it out and you are going to reach back to profits once again. Let me put it this way, people who invested at 2017 peak and waited until today, made over 60% profit today, that's right, for each 20k you put in, you got back 35k, and that is actually quite a good return and that is after 3 years of worse market.

Freeesta

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Obviously, no one expected such a growth in BTC. The saddest thing is that sooner or later it will fall anyway, this is the law of the market. I have always felt sorry for people who invested their last money in cryptocurrency in the hope of getting rich, these actions most often ended in failure. BTC should not be viewed as a means of earning, it is rather a lottery.

hahay

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It is a safe haven so no wonder when the price continues higher, even an influential person said about bitcoin will be able to replace gold even though I personally assume it is not possible. It was the same when I first got to know bitcoin where I thought bitcoin could never get a high price, but what is happening now even things like this have been predicted many times before and it is becoming a reality now.

passwordnow

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Quote from: btc_angela on January 06, 2021, 04:39:24 AM

Quote from: passwordnow on January 05, 2021, 01:41:06 PM

Every investor is responsible for their own actions. Bitcoin is not responsible for any loss that an investor will make. And just like the disclaimer of other investments, that is why you'll see plenty of reminders to only invest what a person can afford to lose.
It is sad when there are people that commits the unexpected and bad thing of taking their lives. Just like the guy who saw his balance on Robinhood in negative just last year.

Exactly, not just bitcoin but even stocks or forex or every market that involves our money, it's our own responsibility and we shouldn't blame other for our loose. And for those who committed suicide, I feel sorry for them, like the kid on that Robinhood case.

That's why before we enter crypto trading, we should understand that anytime we might lose our money as quick as we gain them, so education is the key here.

It is our portfolio, it is our money and we're the one decide whether we will sell or hold or buy. That's a very simple action to call in investing in bitcoin. Understanding that it's truly volatile should be done by anyone who wants to enter. Not only because they see it pumping and keeps on being bullish, they should have done their research first before investing. But this time, many have learned on 2017-2018 bull run and I think most newbies who are entering learns to make their research before putting up their own assumptions.

aioc

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Quote from: spy100 on January 04, 2021, 08:54:37 PM

If your not rich be careful and read a lot about crypto ,see the good side and bad side of it before you invest in it .

You are very careless if you are investing without doing research on what you are investing, you should do research on everything especially the not your key not your coin thing, because you are going to be responsible on all your investment on how you are going to protect it and how you are going to keep, you should also learn how to feel the market and do the right timing on when and how to sell, you cannot be careless because you can end up losing everything.

ethereumhunter

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I do not feel pessimistic waiting for the bitcoin price breaks $20k, $30k, or $40k, but I do not have the right time when it will happen. I can only wait, wait, and wait while trying to buy more bitcoin before starting a rally. And all of that is happening just like that, and the price is not stoppable when it starts the rally and breaks $20k, and now we see the price can break over $30k. Sooner or later, the price will break $40k and more than that price, and hopefully, the price will have a chance to break $50k.

peter0425

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It is above 35,000 or better say it Breaks the 36,000 few hours ago and looks like will Be having another Pump coming as the price stays at 35,000 and no sign of bouncing back .

But what we are not giving a look is EThereum in which now staying at 1,100$ and Litecoin is on the run to $200

Quote from: CryptoLogo on January 06, 2021, 06:21:28 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?

CryptoLogo

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www.fintropy.io

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.

adzino

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Quote from: spy100 on January 04, 2021, 08:54:37 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

Pessimist? You mean you were afraid that it will go above 20k? But then you say bitcoin is worthless and has no value for you, then why do you worry and care so much about the price?

Quote from: spy100 on January 04, 2021, 08:54:37 PM

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

I have never seen someone say something dumb like this.

Quote from: spy100 on January 04, 2021, 08:54:37 PM

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

Why would anyone be responsible? No one forced them to invest in it. They knew the risks and they invest in it. You take a decision and you face the consequences. This is how it works. You can't just kill yourself for your stupid decision and start blaming people for it.

Quote from: spy100 on January 04, 2021, 08:54:37 PM

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

If they think they will get rich quick by investing in crypto currencies, its their own fault. They should have invested their time in learning about it instead of jumping right into it.

Pamadar

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Quote from: Mauser on January 06, 2021, 04:50:00 AM

Quote from: spy100 on January 04, 2021, 08:54:37 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

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

Why should there be murders because of bitcoins? You can't reallly rob a guy on the street and demand his bitcoin wallet and not his real wallet. In my opinion security is much better with crypto currencies than with FIAT currencies.

Also 30k is not going to be the end of Bitcoins, the rise is going to continue this year.

With how healthy the market shows right now, I agree that it won't stop for now.

The value still have a big room to grow and more and more people will proceed and invest to this market, you just need to continue
working with your own perspectives. In terms of securities as long as you are discreet with your assets you are more secured than
owning a huge amount from your bank accounts.

Mauser

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Quote from: spy100 on January 04, 2021, 08:54:37 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

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

Why should there be murders because of bitcoins? You can't reallly rob a guy on the street and demand his bitcoin wallet and not his real wallet. In my opinion security is much better with crypto currencies than with FIAT currencies.

Also 30k is not going to be the end of Bitcoins, the rise is going to continue this year.

btc_angela

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Quote from: passwordnow on January 05, 2021, 01:41:06 PM

Every investor is responsible for their own actions. Bitcoin is not responsible for any loss that an investor will make. And just like the disclaimer of other investments, that is why you'll see plenty of reminders to only invest what a person can afford to lose.
It is sad when there are people that commits the unexpected and bad thing of taking their lives. Just like the guy who saw his balance on Robinhood in negative just last year.

Exactly, not just bitcoin but even stocks or forex or every market that involves our money, it's our own responsibility and we shouldn't blame other for our loose. And for those who committed suicide, I feel sorry for them, like the kid on that Robinhood case.

That's why before we enter crypto trading, we should understand that anytime we might lose our money as quick as we gain them, so education is the key here.

Lorence.xD

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Quote from: dondonk on January 05, 2021, 10:57:24 AM

I regret people who suddenly invest their funds in bitcoin just because they want to get rich quick, in the last 2018 period there have been many people selling their assets, then investing in bitcoin and ending with a sad story. Hopefully this year many people will learn before deciding to invest their money.

There will still be people that will be doing the same shit last 2018, they are the ignorant ones that do not know that bitcoin is volatile and should never be considered as a primary investment. I am not being pessimist, I am just being realistic in the current situation. You do not have to feel bad about this people because it is in their volition that they bought at the current prices.

Reid

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I am pessimistic about it too. I even said once it won't go above $25k.
But it's not because I don't believe in it.
For me, the value of one thing is not about the price given to it. (especially in USD)
It's about the features of it. The usage. The support from the public.
I can't say I am happy with what is happening. It actually scares the hell out of me.

davis196

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If cash is so worthless,then why don't you just throw some cash out of the window. Grin

Get a big pile of cash and burn it in front of your house.This is how you will prove that cash is worthless. Grin

What suicides and murders are you talking about?Should we blame Bitcoin for the mental condition of all the people with psychic problems and gambling addictions?
Yes,Bitcoin is a speculative financial asset?And so what?Crypto trading isn't illegal.
You are like all the people,who are thinking "Bitcoin price goes up,but I have zero BTC,so I'm frustrated and I'm going to s*it all over Bitcoin in a forum". Grin

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