Bitcoin price to reach $17k? - page 6.

wxxyrqa

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Quote from: Desscount on November 07, 2020, 10:25:49 AM

$ 17k is still reasonable, because the price of Bitcoin has reached $ 16k and now it's corrected,
I don't know what the future will be, because the elections in the US are not over yet,
manipulation will occur this weekend, be careful if you are a trader.

Over the last period, Bitcoin's psychological maximum was at $ 15,000, which everyone hoped to overcome. And today, Bitcoin's indicators are even slightly above this threshold, but one must take into account the fact that many Bitcoin owners will want to fix their profits at this level and, of course, this fact can cause a drop in prices due to large sales. But I would like to note the following that recently there was a reverse trend, which showed the withdrawals of Bitcoin from cryptocurrency exchanges, which indicates the intention not to sell, but to hold Bitcoin.

Desscount

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$ 17k is still reasonable, because the price of Bitcoin has reached $ 16k and now it's corrected,
I don't know what the future will be, because the elections in the US are not over yet,
manipulation will occur this weekend, be careful if you are a trader.

emmaglory5

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Can Bitcoin hit $17K next? Watch these 3 key BTC price levels. Bitcoin (BTC) has been on a tear and there’s no escaping it. But the majority of high-cap altcoins are seemingly suffering at the hands of this bull run, leading to the question: have we had our altseason already? Is it over or is there more to come?

Wulan_maniez

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If we look at the price of bitcoin today, it is $15,513 very easy to rise to $16k. So why not if bitcoin can also reach 17k because a lot of positive news leads to crypto, especially for bitcoin. Although the price is very volatile, investors love this moment to make a profit in a short time.
Therefore, there is now more demand for bitcoin showed by the increasing price of bitcoin.

STT

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I know what you mean but the election wont conclude in the new few hours from what I've seen. Its too close to call and certainly they will be re-running senate seats in January which is more important then it sounds to the overall power distribution and ability to pass new legislation. All Im saying is that doubts exist and will continue so far as I can tell into December, the schedule Im going off is from 2000 when court cases went back and forth and no candidate gave way right into December as per the text outline quoted here:

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The electors of each state meet in their respective state capital on the first Monday after the second Wednesday of December to cast their votes.[17] The results are counted by Congress, where they are tabulated in the first week of January before a joint meeting of the Senate and House of Representatives, presided over by the vice president, as president of the Senate.[17][20] Should a majority of votes not be cast for a candidate, a contingent election takes place: the House turns itself into a presidential election session, where one vote is assigned to each of the fifty states. Similarly, the Senate is responsible for electing the vice president, with each senator having one vote.[21] The elected president and vice president are inaugurated on January 20.

Why that matters to us is the overall doubts and negative sentiment that can effect markets and so to the dollar, BTC and other prices. It is also possible the next few hours its all done and dusted but seems to be that arguments and disagreement over the path of the election continues for about 30 days. I'd guess a Biden win at present also but its not legally declared on an assumptions, the amount of delayed voting counting is exceptional this year, the news upsetting markets remains quite possible.

slapper

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Be the boss of your money. Don't let anyone tell you what to do. But if you are desperate in asking people, I suggest you buy bitcoin. Of course, you can wait for an affordable price to buy which is around $12k-$14k. But you might miss the train. Buying bitcoin right now requires you to be seriously patient because the price can drop at any time. You need to hold and wait for it to finish the correction. After the correction, bitcoin will be able to surpass its all-time high. Don't worry mate. Believe in yourself

$100k is possible. However, it requires a long period of time for bitcoin to develop people's beliefs. Right now, $20000 will be might first target. Bitcoin needs to create a new peak if it ever wants to get higher.

The election is going to complete in the next few hours. I believe there will be a surge in the economy which directly impacts the price of bitcoin. Be careful then.

Gozie51

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Quote from: thecodebear on November 06, 2020, 01:13:15 PM

It COULD reach $17k right now. But I wouldn't be buying into the current pump, cuz it could also drop like $4000. If you're buying long term, well you definitely be able to buy in a bit lower so you should wait. If you're trading, you shouldn't buy this late into a pump. Buy low, sell high. Shoulda been buying in the 10000s where price was stuck at for a while, and be selling the past few days. Now you should be waiting for a several thousand dollar correction and maybe sell sometime this winter when its up at $17k or something.

I believe that the price will come low but not to the level of $4,000 as your speculation is saying. You have made a good point that buying now is not a good business plan, I think waiting is the best to do for a better profit in future. Dropping a little can make more gains for any hodlers.

thecodebear

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It COULD reach $17k right now. But I wouldn't be buying into the current pump, cuz it could also drop like $4000. If you're buying long term, well you definitely be able to buy in a bit lower so you should wait. If you're trading, you shouldn't buy this late into a pump. Buy low, sell high. Shoulda been buying in the 10000s where price was stuck at for a while, and be selling the past few days. Now you should be waiting for a several thousand dollar correction and maybe sell sometime this winter when its up at $17k or something.

reliable

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Quote from: boltz on November 06, 2020, 11:05:10 AM

From 14-15k price really jumped in a matter of hours but now, the charts kinda indicate that we gonna settle around this area for a while, so 17k does not look so achievable as that would make Bitcoin jump over 20k$ and I can't see the sign of doing that. Anyway, keep your bitcoin close and don't sell.

Holding is the key and with this pump if it continues then we may see it around 17k as well. But lets hope that short selling or panic selling later on does not happen else it may crash badly and can drop couple of thousand dollars quickly and that would be more painful to all bitcoin holders.

Fredomago

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Quote from: farrellronald on November 05, 2020, 01:45:52 PM

Bitcoin has risen its price from the start, which was $0.08 per coin until now which is $14912.
today, I was reading a post on CoinBazar724.com which was directed from cointelegraph.com saying that BTC may reach to even $17k!!!
Do you think this is possible?

Very Possible as we still see that the market is keep moving forward, if this strong bull movement continue and find a good support level which is currently a@ $15K+ barrier, the full potential of reaching more than $17K is really near, but everything still an speculation
as there are no clear assurance that it may continue to proceed moving upward.

Quote

since BTC is not remained too much, some people say it may even reach $100k!!
in this manner, do you think it is worth the risk to buy bitcoin? Cry

From that perception, if you are aiming for long term investment, then the answer is yes. Bitcoin was already noticed by many people around and businesses are also adopting this system, with law of supply and demand the full potential value still undertrained.

boltz

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From 14-15k price really jumped in a matter of hours but now, the charts kinda indicate that we gonna settle around this area for a while, so 17k does not look so achievable as that would make Bitcoin jump over 20k$ and I can't see the sign of doing that. Anyway, keep your bitcoin close and don't sell.

Ayiranorea

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At this moment the price of bitcoin is $15400. From this $17000 isn't very far. If the market is good as now, we can expect the price to increase by next weekend. Everytime there is price increase during the weekend, and if that hasn't happened we can expect the market to move in a stabilized manner marking gradual growth in price.

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Quote from: kentrolla on November 06, 2020, 07:02:43 AM

Back to form, this is what I was expecting from the king of crypto it has all capabilities to go any limit, I use to say my friends to invest in this coin because it's infinite.

I went through many news and had few research on BTC and I feel there's a big opportunity to reach 20k again, However many analyst reveal the same on BTC there are lot of possiblity of that lets see how it goes.

It's good that you promote Bitcoin by saying your friends to invest in Bitcoins just make sure that you inform them about risks too.
Everyone is very excited and euphoric in situation like we are having now but experience tells us that corrections are possible too. We are still very far from 20k so let's be patient and not rush with conclusions. At this moment Bitcoin price might cross 17k but as well go back to 11k.

kentrolla

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Back to form, this is what I was expecting from the king of crypto it has all capabilities to go any limit, I use to say my friends to invest in this coin because it's infinite.

I went through many news and had few research on BTC and I feel there's a big opportunity to reach 20k again, However many analyst reveal the same on BTC there are lot of possiblity of that lets see how it goes.

STT

legendary

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Depends on why it rose thus far, that would be the main indicator of the future the past action. It seems possible more probable then previously because this price range is unchartered in recent years, so its gotten past resistance and regular selling.

Here I spotted an area of short term support that could be an indicator of the price retracting. This is only a brief look but if price can trade below and confirm 15311 as a price ceiling it may return to a lower level to confirm bigger prices over wider time frames. Some people expect simply that the price reaches the prior ATH nearer to 20k but that requires more buying and limited desire to sell and I wouldnt expect a steady price all the way into year end.

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Listen to me

You say "I was reading a post on CoinBazar724" but it's your website! You even have a link in your profile. Do you think everybody is dumb here?. Yes, I hope you read your website, at least before publishing:D

"do you think it is worth the risk to buy bitcoin?"

People keep asking this question every X months. When BTC was @$200 people asked the question already, and often didn't do anything. I suppose they preferred to buy @$10k

Talking about the price, people keep speculating on any price, $0, millions, trillion, etc without arguments or with fantasy, the same way you choose numbers for the national lottery.

If you need Bitcoin as a payment means, yes buy it, you don't care about the price. If you use it as an investment, can you afford to lose money?

Oasisman

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Quote from: farrellronald on November 05, 2020, 01:45:52 PM

in this manner, do you think it is worth the risk to buy bitcoin? Cry

This is the same question when Btc was still $100 and so on. Investments are always risky, whether you like it or not. If you're old enough in crypto space you should already know the capability of Bitcoin's future.
I guess, you have heard enough about the bullish speculations that Btc might reach $50k or $100k, and If you miss another opportunity, this the same question will be asks again when Btc is beyond $100k.

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Quote from: farrellronald on November 05, 2020, 01:45:52 PM

since BTC is not remained too much, some people say it may even reach $100k!!
in this manner, do you think it is worth the risk to buy bitcoin?

There's a good chance it'll reach high (or very high) values. But nobody knows when. And in between time it can also fall big and stay low for long periods of time.
Keep in mind that some bought Bitcoin in 2017 at almost 20k USD and Bitcoin has fallen during the next year to some 3k USD levels. This can be a problem for many.
Bitcoin will probably get to very high prices, but the road til there may be easy or may be tough.
So it's up to you if you consider worth it. You should invest money you are not afraid to lose or keep locked for very long periods of time.

FanEagle

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By the looks of it, trying to see bitcoin reaching 17k lacks a lot of vision. We have moved from 9-10k levels and even lower during the pandemic period (which we are still in but I am talking about spring time) where price bottomed as much as 5-6k and now we are almost at 16k right now, and you wonder if it could reach 17k? Why not wonder if it could be 20k+ and break new all time high? Why not wonder about 30k and do a double?

Those are things that could actually make a big bang noise all over the world when that happens, 17k is just 1.5k or so away from where we are right now and is like a 10% increase in bitcoin which to be honest is not a big deal. Bitcoin can do 10% increase in its dream, it could happen while you are sleeping and wouldn't really be a huge news when you wake up, 17k is as possible as it gets.

Lanatsa

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Quote from: farrellronald on November 05, 2020, 01:45:52 PM

Bitcoin has risen its price from the start, which was $0.08 per coin until now which is $14912.
today, I was reading a post on CoinBazar724.com which was directed from cointelegraph.com saying that BTC may reach to even $17k!!!

Do you think this is possible?

since BTC is not remained too much, some people say it may even reach $100k!!
in this manner, do you think it is worth the risk to buy bitcoin? Cry

When it comes to buying decision then it all lies or vary with someones decision yet we do have different levels when it comes to risk management.

If you can risk then go ahead but if not then wait for some pullback or decrease in price but basing of on the current movement which its likely to be unstoppable.

For now its better to anticipate on hitting up 20k or its previous ATH rather than talking about 100,000 price which isn't something that can be attained in couple of years.

For now lets just cherish on the profits that we had made for those people who sell off.

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