Bitcoin Price has surpassed $12k!!! - page 2.

tbterryboy

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Quote from: Janation on October 22, 2020, 09:56:20 PM

It is still going strong.

The time that we hit $11K, we can't climb at $12K and we just keep on slipping back to $10K and $11K. Right now, we didn't just break the resistance to $12K but we also went up to $13K and still sitting there proving that it might stick at that price for some time.

I am not going to sound negative but the price might come down a bit before the end of the year and stabilize around 12k for a few months as we enter the new year. I am a bit concerned that since the virus has only decreased and not even vanished yet and there is no tested vaccine either so maybe even the new year will go like this and the price might not hike by too much because it will take a long time to settle down for industries, investors, traders and even the stock market in general.

If at least BTC can hold the 10k value by the end of next year I would be really pleased and if the price goes up then obviously it will be a sweet surprise but at least it should never go below 10-11k now and that is my only expectation from BTC in the new year. Expecting less is sometimes better as you prepare for the worst and get surprised by the best.

Inkdatar

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Quote from: pilosopotasyo on October 23, 2020, 07:12:44 AM

Quote from: wheelz1200 on October 22, 2020, 09:36:31 AM

Technical analysis is looking really good, we can see a big push for the end of the year and Q1 or Q2 of 2021 we can break the ath. This is a ride no one will want to miss so get on now while you can.

We now have a lot of positive comments about the price and it's because of Paypal who would have thought that Paypal will contribute to the adoption of Cryptocurrency they used to go against each other, I guess Paypal realized that Cryptocurrency is the future of payment so they have no choice but to join the community.

They just realized to adopt bitcoin in their system as this will create and engage more users to their platform. So indeed these days is a good news and good movement in crypto market. They are seeing bitcoin as a great opportunity to the users. So for those who have still in doubt about bitcoin should not think twice to join this industry.

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Quote from: Taskford on October 24, 2020, 07:32:26 AM

And since the price is going stable at $12,900 at $13,000 for sure there are more pumps coming.

But I'm not expecting for this year to break the ATH since for sure provably we will experience that on year 2021 and the one I see is at nearly $15,000-$16,000.

But as you said I will hold my ground and wait for good time to buy although the price is bit good to accumulate still I want to see some little dumps.

We still have two months and if we have more big news like the PayPal news who knows that will push Bitcoin to break the all time high, the $15 to $16000 level is already good considering that Bitcoin suffered a big fall last march, 2021 if everything is good this coming 2021 then we can reach another all time high, but I always keep in mind that anything can really happen, even the least expected.

Taskford

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Quote from: Assface16678 on October 23, 2020, 07:45:49 AM

Quote from: pilosopotasyo on October 23, 2020, 07:12:44 AM

Quote from: wheelz1200 on October 22, 2020, 09:36:31 AM

Technical analysis is looking really good, we can see a big push for the end of the year and Q1 or Q2 of 2021 we can break the ath. This is a ride no one will want to miss so get on now while you can.

I guess Paypal realized that Cryptocurrency is the future of payment so they have no choice but to join the community.

I am thinking that PayPal engaged into cryptos in order to generate profit. In this case, this network will be a third party wherein people will be able to buy Butcoin and other cryptos through PayPal without including trades and other transactions. They are more likely doing this because cryptos are having a hype in the eyes of the masses which they would want to take advantage from. But it is something good in this industry due to the influence this huge netwotk will give to other businesses.

The price is quite moving more volatile at this moment and that makes it hard to conclude that its price will either be able to break its ATH or its price will remain in the $11k mark at the end of this year. For now, following the right thing to do is advisable which is to hold-still.

They see Bitcoin as a threat for sure but instead of defeating the bitcoins they join and adopt it so for this way Bitcoin will not over lap them as well PayPal will get a benefit for the adoption.

And since the price is going stable at $12,900 at $13,000 for sure there are more pumps coming.

But I'm not expecting for this year to break the ATH since for sure provably we will experience that on year 2021 and the one I see is at nearly $15,000-$16,000.

But as you said I will hold my ground and wait for good time to buy although the price is bit good to accumulate still I want to see some little dumps.

cryptomaniac_xxx

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Quote from: Assface16678 on October 23, 2020, 07:45:49 AM

Quote from: pilosopotasyo on October 23, 2020, 07:12:44 AM

Quote from: wheelz1200 on October 22, 2020, 09:36:31 AM

Technical analysis is looking really good, we can see a big push for the end of the year and Q1 or Q2 of 2021 we can break the ath. This is a ride no one will want to miss so get on now while you can.

I guess Paypal realized that Cryptocurrency is the future of payment so they have no choice but to join the community.

I am thinking that PayPal engaged into cryptos in order to generate profit. In this case, this network will be a third party wherein people will be able to buy Butcoin and other cryptos through PayPal without including trades and other transactions. They are more likely doing this because cryptos are having a hype in the eyes of the masses which they would want to take advantage from. But it is something good in this industry due to the influence this huge netwotk will give to other businesses.

Paypal can't really ignore that bitcoin is one of the best assets so they need to invest on it as well, or being a third party in the growing industry. This is how competition works, initially they see bitcoin as big competition, but then again, if they can't beat it, much better to take advantage of it.

Quote from: Assface16678 on October 23, 2020, 07:45:49 AM

The price is quite moving more volatile at this moment and that makes it hard to conclude that its price will either be able to break its ATH or its price will remain in the $11k mark at the end of this year. For now, following the right thing to do is advisable which is to hold-still.

Last couple of months? it's not that volatile, me maintain $10k for more than two months. We just have some movements like a week ago and then in the last couple of days.

Assface16678

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Quote from: pilosopotasyo on October 23, 2020, 07:12:44 AM

Quote from: wheelz1200 on October 22, 2020, 09:36:31 AM

Technical analysis is looking really good, we can see a big push for the end of the year and Q1 or Q2 of 2021 we can break the ath. This is a ride no one will want to miss so get on now while you can.

I guess Paypal realized that Cryptocurrency is the future of payment so they have no choice but to join the community.

I am thinking that PayPal engaged into cryptos in order to generate profit. In this case, this network will be a third party wherein people will be able to buy Butcoin and other cryptos through PayPal without including trades and other transactions. They are more likely doing this because cryptos are having a hype in the eyes of the masses which they would want to take advantage from. But it is something good in this industry due to the influence this huge netwotk will give to other businesses.

The price is quite moving more volatile at this moment and that makes it hard to conclude that its price will either be able to break its ATH or its price will remain in the $11k mark at the end of this year. For now, following the right thing to do is advisable which is to hold-still.

pilosopotasyo

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Quote from: wheelz1200 on October 22, 2020, 09:36:31 AM

Technical analysis is looking really good, we can see a big push for the end of the year and Q1 or Q2 of 2021 we can break the ath. This is a ride no one will want to miss so get on now while you can.

We now have a lot of positive comments about the price and it's because of Paypal who would have thought that Paypal will contribute to the adoption of Cryptocurrency they used to go against each other, I guess Paypal realized that Cryptocurrency is the future of payment so they have no choice but to join the community.

Distinctin

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Quote from: Janation on October 22, 2020, 09:56:20 PM

It is still going strong.

The time that we hit $11K, we can't climb at $12K and we just keep on slipping back to $10K and $11K. Right now, we didn't just break the resistance to $12K but we also went up to $13K and still sitting there proving that it might stick at that price for some time.

$13k-$14k is what I think for the Bitcoin that able to reach before December. The strong market surge sound not believing as there is still a pandemic. However, even at the start of the COVID-19, we never saw that Bitcoin turns back at the very low instead, we can see an uprising trend which gives us some insights into a bullish despite the economic challenge. Ain't to hold it and reminds us always that Bitcoin has no way to predict what will happen next, it is all been surprising.

Janation

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It is still going strong.

The time that we hit $11K, we can't climb at $12K and we just keep on slipping back to $10K and $11K. Right now, we didn't just break the resistance to $12K but we also went up to $13K and still sitting there proving that it might stick at that price for some time.

traderethereum

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Quote from: Wysi on October 22, 2020, 02:31:16 PM

Quote from: lienfaye on October 22, 2020, 12:17:25 AM

We reach $12k value few times already thus its not unusual at all.

It could be because of paypal news that you can buy btc through it.

Nevertheless the price seems bullish and still moving upward. Well im just looking forward for the price before this year end.

I wish the same but we need to be more cautious this time as this is not the first time Bitcoin has crossed the $12k mark infact $13k mark. PayPal's update as well as the fall in price of USD has contributed towards the recent pump but it's not an appropriate time for bull run unless the trend lasts longer and it shouldn't be like last year's short term pump which was followed by a long term bearish market sort of situation.

$12k already passes, and bitcoin price already touches $13k, although now, the price is still around the $12,900 level.
I am sure that it is just a matter of time for bitcoin to break $13k.
But we need to be careful because we don't know what will happen at the weekend. After all, sometimes, the price can adjust to the lower price before the price has a chance to break another high price.
Paypal update may contribute to the recent pump from $11k to $12k, and if many Paypal users are trying to buy bitcoin from their account, that can lead the price to increase more.
The big movements can happen in this 1 or 2 months, but I think we need more signs to know if the bull run will come or we still need to wait for more.
While the price still does not move to the high price, maybe we can watch for the altcoin because I think some altcoin will make a move, and who knows, the price can increase or jump so high before bitcoin makes another rally.

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Quote from: Oilacris on October 21, 2020, 04:05:32 PM

Quote from: blockman on October 21, 2020, 03:59:25 PM

It is one that I can say at least the reason of the pump that we're having. I'm surprised that it's able to got up to $12,700 and near to break $13,000. Anytime soon if it won't have to correct, we'll see the peak at that price, $13,000. The feature will start to be active on 2021. It's just a few months away and this news have been confirmed. This adds to the bullish speculation of everyone and it's just a matter of time we will able to see the after-effect of it once it's operating.

Im not really much into sentiment when it comes to crypto price movement but this one about Paypal is trying up to tie up with crypto? thats pretty unusual for a centralized platform
to accept crypto.

In that case then i can say that it did really have some effect but i dont see for this price movement to last that long.Best move to be done? Its better to sell out to those people who had
purchased bitcoin when it was still on 11k levels. Selling now isnt really a bad idea to do so.

We are almost breaking or touching 13k which it has been a while where the first attempt had failed and lets see if this one will make it through.

It isn't unusual. It's the same as other centralized exchanges service, nothing has been done unusual or new to us. Might be unusual to you because it's PayPal. Selling could be the best choice but if you're only a short term guy and you are okay riding the trend of today's move. And whenever it goes down again, use your profit to rebuy your sold bitcoins. And for the record, we've just broken to $13,000 and we will see if it's going to break $13,500.

STT

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Quote from: el kaka22 on October 22, 2020, 02:04:35 PM

It has surpassed 13k!!! Unfortunately it got a quick correction right back

Really shallow pullback, its far more positive then just this paypal news justifies seems like. Also the dollar isnt done with these levels probably, rising today and if Dollar index can get past last weeks lows then it might continue to adjust back to the middle of its recent range rather then doing anything new. BTC doesnt have to mirror that but it'd make it easier if dollar fell.

Quote

7% chance that Bitcoin will surpass its ATH of 20k at the end of this year

That'd be quite a surge, again doesnt feel like its ready to make that move but perhaps its a surprise to everyone and buyers underlying lows are why highs appear. A set of regular buyers will attempt to avoid market front running their buy program, China is doing this with gold for years now and maybe enough market players feel similarly BTC is a long term asset. Comments I heard are paypal usage is not added utility enough.
I know a shallow pullback might seem best but if people want 20k a sturdy ladder up needs good rungs or foot holds and that comes from tested levels and selling with volume occuring; a confirmed regular rise in price not froth of a pan boiling over quick and gone. Cant say I know the nature of its progress but it should confirm more then this normally

Wysi

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Quote from: lienfaye on October 22, 2020, 12:17:25 AM

We reach $12k value few times already thus its not unusual at all.

It could be because of paypal news that you can buy btc through it.

Nevertheless the price seems bullish and still moving upward. Well im just looking forward for the price before this year end.

I wish the same but we need to be more cautious this time as this is not the first time Bitcoin has crossed the $12k mark infact $13k mark. PayPal's update as well as the fall in price of USD has contributed towards the recent pump but it's not an appropriate time for bull run unless the trend lasts longer and it shouldn't be like last year's short term pump which was followed by a long term bearish market sort of situation.

el kaka22

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It has surpassed 13k!!! Unfortunately it got a quick correction right back but I saw it go over 13k in my local place for a while, checked some other places and some had over 13k but some didn't had 13k so I assume it was only local and few places that had that. This shows the world that we are going to break over 13k very very soon, we are actually actively trying to do that.

For all the people who are seeing the price under 13k as of right now, I would say it is a great place to buy right now, even though with failing to break over 13k right now, it is actively trying which shows all of us that the direction we are trying to go is still upside, which I believe will happen. Of course it depends on if we can achieve it or not, but I feel like it is going to happen for sure.

serjent05

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Indeed there is another topic discussion created today that Bitcoin had surpassed $13k today but then goes back to $12k+ and the current Bitcoin price google search show BTC at $13k. It looks like Bitcoin is having a surge and people seem to start to FOMO. With this current market sentiment, some analyst think that there is a 7% chance that Bitcoin will surpass its ATH of 20k at the end of this year

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More and more people are joining the Bitcoin market, in fact, recently in one of the Exchanges known as localbitcoins.com they announced that a Latin American country like Venezuela is the one that maintains the 2nd largest market place, this comes from a country with a well advanced economic disaster that the traditional economy does not get the solution.

Source: https://thevenezuelanjournal.com/venezuela-is-positioned-as-the-second-largest-market-in-localbitcoins-p2726-165.htm

The Bitcoin market is the one that manages to have more solution than the same gold, this helps the price continue to increase, the more adoption is implemented, the higher the price.

Clark05

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It's a good sign for the bitcoin that finally for the second time around we already saw the $12,000 per Bitcoin.
But don't expect to rise that coin if many people sell it again if we want to continue the rising of the bitcoin moat of the crypto investors will participate in holding and buying not selling all their assets but they really needed they can sell few but not all.

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Quote from: arwin100 on October 22, 2020, 07:14:15 AM

Quote from: maxreish on October 22, 2020, 12:16:54 AM

There are various theories as to why bitcoin pumped higher than $12k. And as of today it touched $13k, bitcoin deserves to pump since we've been into the stagnant $11k for a few weeks. And to think it pumped and break the resistance of $12,300 after Paypal said crypto is for everyone and they're planning to support bitcoin and other altcoins,too.

Whatever be the reason, we are happy to see some good progress at the moment.

The PayPal acceptance is just a big start for another adoption since I'm sure that there are big companies will follow the steps of PayPal and might the government will see this as a good option since slowly by slowly it gets a good success on that PayPal news so provably this is a game changer and confidence booster that people will really look at the bull run coming and provably we can see more than $13,000 on next following months.

Technical analysis is looking really good, we can see a big push for the end of the year and Q1 or Q2 of 2021 we can break the ath. This is a ride no one will want to miss so get on now while you can.

traderethereum

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Yes, it is a surprise to us because bitcoin can jump to a high price. I am sure many people are waiting for this moment, and they already sell when the price touches $12k.
But I think many people are still waiting for the next high price because they want to make a bigger profit.
If this week's bitcoin price can still increase, I think bitcoin price will have the opportunity to touch $14k or more in the next weeks. But we will see it tomorrow because the price still has a green candle, so that it can be possible to see the price will break $13k first and touch another high price.
Hopefully, the trend will still be up until the end of this month, so we can back to make a profit.
But if the price can not go up, maybe the price can go up and down many times, so that we can use it to buy low and sell high.

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Quote from: Jating on October 22, 2020, 07:22:39 AM

Quote from: arwin100 on October 22, 2020, 07:14:15 AM

Quote from: maxreish on October 22, 2020, 12:16:54 AM

There are various theories as to why bitcoin pumped higher than $12k. And as of today it touched $13k, bitcoin deserves to pump since we've been into the stagnant $11k for a few weeks. And to think it pumped and break the resistance of $12,300 after Paypal said crypto is for everyone and they're planning to support bitcoin and other altcoins,too.

Whatever be the reason, we are happy to see some good progress at the moment.

The PayPal acceptance is just a big start for another adoption since I'm sure that there are big companies will follow the steps of PayPal and might the government will see this as a good option since slowly by slowly it gets a good success on that PayPal news so provably this is a game changer and confidence booster that people will really look at the bull run coming and provably we can see more than $13,000 on next following months.

If the Paypal news is the reason for this sudden jump in prices so be it. However, there are a lot of good news already like MicroStrategy and Jack's investment on bitcoin, so there's already enough catalyst for this bull run that we are seeing in the last 3 days or so.

It's just really surprising if Paypal has huge impact on the market, yes, they have a lot of users, but it doesn't mean that all of the sudden, they suddenly bought or invest crypto. But I'm not complaining though, and it seems we have set a new higher highs for this year and it could be broken as we are not even in December yet.

I believe that not only the actions of PayPal, but also the general global trend regarding the use of cryptocurrency, as well as investing their funds in cryptocurrency, is contributing to a bullish trend in the cryptocurrency market. The statistics of the Google search engine show that society is increasingly becoming interested in Bitcoin, since the global crisis greatly affects the economies of all countries, which leads to the depreciation of national currencies. In addition, large investors are trying to diversify their capital and assets, paying attention to alternative investments, the role of which is primarily played by Bitcoin and other cryptocurrencies. I believe that this whole process is not instantaneous, for only one day, of which the PayPal solution is also a part, but over a long period will affect the cryptocurrency market and only in a positive way.

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