Bitcoin Price has surpassed $12k!!! - page 3.

Jating

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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.

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.

arwin100

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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.

Oasisman

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Quote from: stoat on October 21, 2020, 09:38:12 AM

Quote from: peter0425 on October 21, 2020, 09:19:40 AM

So in the next hours i assume that finally we will break $13k and will declare the start of Bullrun.

Bullrun can't be declared until ath is broken.

The last time I checked the meaning of bull run it says " It is the condition of a financial market in which prices are rising or are expected to rise." I don't see anything that says, "bullrun can't be decided until It reaches new ATH."
I might have read a different vocabulary then? Lol
https://www.investopedia.com/terms/b/bullmarket.asp
In your own definition of bullrun, we have been living in a bearish market since the early 2018 then. Huh

lienfaye

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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.

maxreish

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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.

STT

legendary

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Good breakthrough and breakout for the optimists who held onto the bullish story from the July rise, thats about 3 months we took to run through any sellers from that prior rise and find ourselves with a new high for 2020. Its not quite beaten 2019 just yet but doesn't appear to be held back by anything especially at this moment. Dollar index moved down at this time also which helps cement some of the gain.

Wulan_maniez

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It’s fantastic that bitcoin is close to the $ 13,000 price. It’s an incredible achievement. You can see the price of bitcoin in cmc is now increasing by 8.68%. The price of bitcoin is now at $ 12,980.
The potential to go ahead is very possible. Positive rumors are driving the price of bitcoin strengthening besides other things. But the price of bitcoin is easy to change in an instant. We don’t know what’s going to happen after this. But despite that, this is positive news that many expect will continue.

hahay

legendary

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Regardless of the relation to news circulating like paypal and other things indeed, it is a strong booster for this bitcoin price to continue moving upwards, but will this trend continue and continue to strengthen. I just doubt this increase is only due to the news circulating, as that would make the next sharp decline something to be worried about.

arwin100

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Quote from: DoublerHunter on October 21, 2020, 04:40:25 PM

Quote from: bitbunnny on October 21, 2020, 12:28:25 PM

At the moment price is close to 13000$. However, this doesn't need to mean anything and so far we've witnessed many times how fragile the price rise can be and how easy this can change. Although it's a positive movement it's yet to see if this growth will continue or is just temporary pump. Let's be patient for a while.

^ Anytime soon there will be changed but at least bitcoin was able to broke the $12k resistance. I also expected this and I did not surprise that the bitcoin price was able to reach on that level range. However, I am afraid of the pullback after the surged of bitcoin. This is also expected every time when there is a price surging in the market. Probably a small correction right after having the price pump for a while. Nevertheless, I was expected a more bullish trend until the end of this year and most especially next year.

This price pump was to obvious to come since the pull backs happened few days ago is somehow give us a hint but I also expect that there will be more correction since this is the normal movement of Bitcoin and for that we should act and buy when that thing happen. Next year will possibly see a great price changes since the bull run rumor will provably start on that year and these current figures really shows that the potential to see a big run is huge.

wheelz1200

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Got to admit its looking super bullish right now. It has a little bit of that end of year 2017 bull run feeling. Who knows though could drop any moment, stick with cost averaging in every week and could end up being a real good 2021 for you.

DoublerHunter

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Quote from: bitbunnny on October 21, 2020, 12:28:25 PM

At the moment price is close to 13000$. However, this doesn't need to mean anything and so far we've witnessed many times how fragile the price rise can be and how easy this can change. Although it's a positive movement it's yet to see if this growth will continue or is just temporary pump. Let's be patient for a while.

^ Anytime soon there will be changed but at least bitcoin was able to broke the $12k resistance. I also expected this and I did not surprise that the bitcoin price was able to reach on that level range. However, I am afraid of the pullback after the surged of bitcoin. This is also expected every time when there is a price surging in the market. Probably a small correction right after having the price pump for a while. Nevertheless, I was expected a more bullish trend until the end of this year and most especially next year.

chaser15

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Not surprising. It was expected after numerous pullback. $12,000 is achievable despite a big problem that the world faced during the past months. It's good that prior to this price increase, the price slows down at the $10,000 level which others consider as a good bottom as on that price level, it able to established good support and maintain it for a long period.

What's next? I like to see the price to stay at the current price range. No need for a quick jump to the moon.

There is some news we can consider that might be the reason for the price increase. A good read while making our next strategy.

Oilacris

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

Quote from: Kong Hey Pakboy on October 21, 2020, 09:11:10 AM

Quote from: blockman on October 21, 2020, 08:46:47 AM

There is one reason that I think make the recent pump. Articles are posted everywhere in social medias about PayPal and crypto. Although to us, this isn't really a very fresh news and this has been reported before. But with the articles that came out lately, this could be the main reason why we've seen a sudden pump.
(https://www.reuters.com/article/paypal-cryptocurrency/paypal-to-allow-cryptocurrency-buying-selling-and-shopping-on-its-network-idINL1N2HB14U)
(https://cointelegraph.com/news/paypal-to-offer-crypto-payments-starting-in-2021)

This might be the reason of the recent pump of bitcoin because we are now able to shop and buy and sell with our bitcoins. But I am not a big fan of Paypal because I have encountered some issues and problems when it comes of making transactions online.

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.

darewaller

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Quote from: Webetcoins on October 21, 2020, 02:17:35 PM

It is really surprising that we are constantly getting higher and higher we have already broken two resistance points back to back and that is a very important achievement for us, it shows that bitcoin will break some more resistance points to be a lot higher if given enough time. 2021 will be a much better year, I don't know at what price we will get into 2021 but I know that it looks like we are going to get in a lot better than we assumed.

Maybe it will be 15k maybe 20k or maybe even higher but I know that deep inside we all assume at least 15k and more will happen before 2021, that is why I am still holding my coins, I could sell right now and make a profit but I am not selling at all, why? Because I feel like there is a chance it could get to at least 15k, I will wait for that before I consider selling.

Reality is that no matter how much we go down or up, these prices are not huge nor they are too small, they are literally what we can call middle, which means we are going to be around eventually and that means if we fall to anything under 11k, we are going to see above 11k again eventually so there is no problem from buying there, and if we go above 14-15k we are going to go down to these prices as well without a question as well, which means buying and selling at the right time is great too.

These are all great reasons to buy, there is really no reason to sell because if you think price of bitcoin (or any altcoin) will be back to what it is right now, that means there is no downfall, at worst you are going to have to wait a bit but in the end you are going to get your money back at worst.

blockman

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Quote from: Kong Hey Pakboy on October 21, 2020, 09:11:10 AM

Quote from: blockman on October 21, 2020, 08:46:47 AM

There is one reason that I think make the recent pump. Articles are posted everywhere in social medias about PayPal and crypto. Although to us, this isn't really a very fresh news and this has been reported before. But with the articles that came out lately, this could be the main reason why we've seen a sudden pump.
(https://www.reuters.com/article/paypal-cryptocurrency/paypal-to-allow-cryptocurrency-buying-selling-and-shopping-on-its-network-idINL1N2HB14U)
(https://cointelegraph.com/news/paypal-to-offer-crypto-payments-starting-in-2021)

This might be the reason of the recent pump of bitcoin because we are now able to shop and buy and sell with our bitcoins. But I am not a big fan of Paypal because I have encountered some issues and problems when it comes of making transactions online.

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.

tippytoes

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Quote from: tomahawk9 on October 21, 2020, 11:30:29 AM

That Paypal news doing wonders right now, looks like it was the catalyst to the next massive surge in price (paypal giving a small bump to btc, ironic Roll Eyes

Earlier today, there was a 700 BTC buy wall at $13.000 on Bitstamp...Currently, it's 303 BTC Shocked

so we'll see 13k pretty soon..choo choo∿ it's the bullish train, choo choo∿

Yes, remember the freezing of paypal accounts before owed to dealing with cryptocurrency transactions.

http://themonetaryfuture.blogspot.com/2011/05/paypal-freezes-accounts-of-two-bitcoin.html

And now, they changed their stance to bitcoin/crypto. Wonder what is the response of those individuals or companies affected by strict regulations towards crypto in the past years?

PayPal allows Bitcoin and crypto spending - https://www.bbc.com/news/technology-54630283

https://www.reuters.com/article/paypal-cryptocurrency/update-1-paypal-to-open-up-network-to-cryptocurrencies-idUSL1N2HC0PL

But in any case, it just shows that they are now recognizing crypto. Because crypto will exist even without their participation. So to get the market share in crypto, they need to accept it in their platform. If nothing else, this will drive more crypto adoption as PayPal has huge number of users.

Webetcoins

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It is really surprising that we are constantly getting higher and higher we have already broken two resistance points back to back and that is a very important achievement for us, it shows that bitcoin will break some more resistance points to be a lot higher if given enough time. 2021 will be a much better year, I don't know at what price we will get into 2021 but I know that it looks like we are going to get in a lot better than we assumed.

Maybe it will be 15k maybe 20k or maybe even higher but I know that deep inside we all assume at least 15k and more will happen before 2021, that is why I am still holding my coins, I could sell right now and make a profit but I am not selling at all, why? Because I feel like there is a chance it could get to at least 15k, I will wait for that before I consider selling.

bitbunnny

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At the moment price is close to 13000$. However, this doesn't need to mean anything and so far we've witnessed many times how fragile the price rise can be and how easy this can change. Although it's a positive movement it's yet to see if this growth will continue or is just temporary pump. Let's be patient for a while.

carter34

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Quote from: Febo on October 21, 2020, 07:52:30 AM

Quote from: pankowri on October 21, 2020, 04:46:37 AM

Bitcoin Price has surpassed $12k!!!

Yes we are in August ranges now. Hopefully we will not drop back again as we did in September. Ideal would be we stay in this range fro a month and then make a leg up to $14000 range. Steady healthy growth.

We might have started approaching the bull with this price breaking $12k. The end year season has been consistent to be a time for the rise of bitcoin. This has happened in 3years now but with difference in rate of price increase.

tomahawk9

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That Paypal news doing wonders right now, looks like it was the catalyst to the next massive surge in price (paypal giving a small bump to btc, ironic Roll Eyes

Earlier today, there was a 700 BTC buy wall at $13.000 on Bitstamp...Currently, it's 303 BTC Shocked

so we'll see 13k pretty soon..choo choo∿ it's the bullish train, choo choo∿

Topic: Bitcoin Price has surpassed $12k!!! - page 3. (Read 810 times)