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Topic: Bitcoin will not reach $50,000 - page 2. (Read 557 times)

hero member
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February 15, 2021, 11:59:28 AM
#52
I've said a similar speculation before that the market price or ATH will be only around $30k but Bitcoin managed to break my expectancies. I'd say a market price of $50k is now possible, now that it managed to move close to such market value and the decrease we are seeing right now is just in its nature. The price will fall from time to time but the tendency will still be constant for this crypto to break a new barrier and to let go of the resistance. A price higher is possible but I am not certain with it. Also, it is quite confusing still, in my perspective, that a currency which is decentralized will manage to reach its market price at this moment. Well, I guess that's just how this market behaves.
member
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February 15, 2021, 10:02:04 AM
#51
Looks like I'm still correct as of this moment.

Bitcoin was trading at over $49k and yet it did not break that $50k, price dump again and let's see if it will break the wall in the next ty.
I will still stand with my prediction that bitcoin will not break $50k this year. Good luck bearish traders,  Smiley
Even though it didn't reach $ 50k yesterday.  But we all know that and we believe it will.  There's nothing more irony than just $ 100, all economics and math, and we don't have blind spots to see.  Please be patient for the next correction.  If Bitcoin can't hit $ 50k this February, I'll call it a farce.  Lol
hero member
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February 15, 2021, 08:04:03 AM
#50
So now after the pandemic the game has changed and all focused for many big companies is now to include bitcoin in their portfolio if they need to stay ahead and make money from in 2021. So demand will only be growing which mean price will rise and only some correction could come when some big whale sell off their positions.
It is a solid point, the pandemic has changed the dynamics of the cryptocurrency market. The investors who usually invest heavily in other financial markets are investing in the bitcoin market as they are expecting a economic slow down as the markets are forced to shut down and thereby we are seeing a rally in the market.
legendary
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February 15, 2021, 07:42:31 AM
#49
Do you have a crystal ball mate?

Damn, looks like you are right at some time, but it will not last long, bitcoin will surge again and will easily break that $50k.
Maybe you should make a poll to see how many people believe that bitcoin will hit $50k or not, how about that?

Those are two different time because in 2017 which institutions or Elon musk were tweeting about bitcoin. So now after the pandemic the game has changed and all focused for many big companies is now to include bitcoin in their portfolio if they need to stay ahead and make money from in 2021. So demand will only be growing which mean price will rise and only some correction could come when some big whale sell off their positions.


Elon Musk is tweeting Doge and bitcoin causing some FOMO, but I think it doesn't do good for the market as it only result to significant growth, then sudden dump, Look at DOGE now, it's slowly dumping, down 7% today and down 21% in 7 days, that's because the hype is over.

https://coinmarketcap.com/currencies/dogecoin/
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February 15, 2021, 06:55:24 AM
#48
Do you have a crystal ball mate?

Damn, looks like you are right at some time, but it will not last long, bitcoin will surge again and will easily break that $50k.
Maybe you should make a poll to see how many people believe that bitcoin will hit $50k or not, how about that?

Those are two different time because in 2017 which institutions or Elon musk were tweeting about bitcoin. So now after the pandemic the game has changed and all focused for many big companies is now to include bitcoin in their portfolio if they need to stay ahead and make money from in 2021. So demand will only be growing which mean price will rise and only some correction could come when some big whale sell off their positions.
hero member
Activity: 2828
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February 15, 2021, 06:37:02 AM
#47
Do you have a crystal ball mate?

Damn, looks like you are right at some time, but it will not last long, bitcoin will surge again and will easily break that $50k.
Maybe you should make a poll to see how many people believe that bitcoin will hit $50k or not, how about that?
hero member
Activity: 2002
Merit: 535
February 15, 2021, 06:04:16 AM
#46
Indeed several times Bitcoin tried to reach a price of $ 50k, but failed and now the price of Bitcoin has dropped to a price of $ 47k. But it is too early to conclude that Bitcoin
cannot go to a price of $ 50. Because many institutions have started investing in Bitcoin, should keep the Bitcoin price going up. And the $ 50k
target was hit soon.
It is a huge barrier to overcome and we will see the price crossing that in the near future even though it might take a few months i am expecting the price to rally well above $50k and it is difficult to predict how long the bull market will continue but i am expecting another big rally well past the hurdle before the major correction. 
full member
Activity: 1190
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February 15, 2021, 05:09:46 AM
#45
Don't be too sure that Bitcoin will not reach $ 50k, because 2021 is very different from the bull run that occurred in 2017. Therefore, I believe
the price of $ 50k will definitely be reached in the near future, we just need to be patient and have faith in Bitcoin. Indeed several times Bitcoin
tried to reach a price of $ 50k, but failed and now the price of Bitcoin has dropped to a price of $ 47k. But it is too early to conclude that Bitcoin
cannot go to a price of $ 50. Because many institutions have started investing in Bitcoin, should keep the Bitcoin price going up. And the $ 50k
target was hit soon.
hero member
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February 15, 2021, 04:32:10 AM
#44
Looks like I'm still correct as of this moment.

Bitcoin was trading at over $49k and yet it did not break that $50k, price dump again and let's see if it will break the wall in the next ty.
I will still stand with my prediction that bitcoin will not break $50k this year. Good luck bearish traders,  Smiley
hero member
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February 15, 2021, 03:41:25 AM
#43
Its bloodbath all over the market before touching the $50k after this small correction It will finally reach this level but be very careful from here as for sure a lot of sell pressure will happen and afraid it will be like 2017 that its the final top in this bull market, $50k is imminent and a huge correction -30%-40% after this is also possible so always take profit. 
I think it is already getting attention from many traders and panic sell happen in the market.
But I am sure that the situation will back to better, and the price will back increase again.
It is a correction that will always happen to the market, but unfortunately, we do not know how long this will end, so we can back to see the market will rise again.
We need to be patient and careful this time as we do not know if the price will go down for more.
legendary
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February 15, 2021, 03:04:39 AM
#42
Mostly because of this: Grin
~snip~
But yeah, that is the conclusion everyone should know by now,  every number could be the new ATH for the next 2 or 10 years
I have a feeling the 32 to 1$ crash is dying of envy right now.

I didn't expect an answer to the rhetorical question, but we are on the same page, and you've also provided me the first good laugh for this week, and that's what I've actually merited.

Its bloodbath all over the market before touching the $50k after this small correction It will finally reach this level but be very careful from here as for sure a lot of sell pressure will happen and afraid it will be like 2017 that its the final top in this bull market, $50k is imminent and a huge correction -30%-40% after this is also possible so always take profit. 

8% for Bitcoin, from which half is already recovered, is far from a bloodbath. 12% for Monero may look like a bloodbath, but it can be seen as a healthy correction after 7 days of continuous growth.
Yes, people take profit now and then, but while it's good to be aware/careful, we don't have to freak out. And maybe I have no idea what I'm talking about, but 30-40% correction is not so much likely (a big correction, maybe, but that big.. hmmm).
hero member
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February 15, 2021, 02:34:04 AM
#41
Its bloodbath all over the market before touching the $50k after this small correction It will finally reach this level but be very careful from here as for sure a lot of sell pressure will happen and afraid it will be like 2017 that its the final top in this bull market, $50k is imminent and a huge correction -30%-40% after this is also possible so always take profit. 
legendary
Activity: 3080
Merit: 1353
February 14, 2021, 09:48:52 PM
#40
I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

The scenario back then is very different as today's bull run. The 2017 bull run was fueled or at least hype but the CME and CBoE bitcoin future contracts entry into the picture. But today, the catalyst is big companies hedging their wealth into Bitcoin.

If you have to compare it though and with your argument, $20,000 was the all time high set back then. And once we reach it, the bubble has been burst. But in last 2020 when we surpass it, the price didn't go on a bearish trend, but the opposite happen and now we are in the moment wherein the big numbers of $50,000 could be broken.
legendary
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duelbits.com
February 14, 2021, 06:59:11 PM
#39
If the Bullrun scheme will be 100% the same as the previous one, it is not interesting at all. How can you state it "interesting"? Surely, it will be more interesting when the Bitcoin price can pass $50,000. Then people will speculate how far the improvement of the price, does it reach $100,000 or not? In my opinion, it is much more interesting than seeing the same scheme again.
legendary
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February 14, 2021, 06:43:57 PM
#38
I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?
it did reach 20k in some exchanges in dec 2017 so I think you are wrong.
sr. member
Activity: 2254
Merit: 258
February 14, 2021, 06:40:31 PM
#37
I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

Anything can happen I never expect that Bitcoin will reach the $45,000 mark this early and your assumption that Bitcoin will not reach $50000 is debatable, you are assuming because of the past history, I think we are in a different scenario which is great one, I would like to enjoy the ride while it last if there are corrections I will accept but I figure that it will not result in a crash, not this year.
STT
legendary
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Merit: 1454
February 14, 2021, 06:27:58 PM
#36
Some people would take that as a negative but I already count BTC as having reached 50k basically.   We have numerous FIAT currencies all over the world and many are already at that point or there are private exchanges where the agreed price was at 50k or higher.    Anyone who deals in escrow that kind of thing will frequently set a price around the market not exactly at the market, so that easily takes us over 50k for some people right now.   If you ever bought holiday money and noticed the rate was a little different, its because they put their costs into the stated price or exchange rate so its common practise and its possible this happens with various goods etc. off exchange not quite so keenly bid.
   Hence we already exceeded 50k in transacted BTC price in a few sites Im fairly sure, it can be a psychological thing where people put theirs orders to the nearest flat number so lets see if there is any effect from that.
legendary
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February 14, 2021, 06:24:06 PM
#35
I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

I just think, where does your forum activity comes from, cannot be from BTC-minded threads, right??
full member
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February 14, 2021, 06:19:55 PM
#34
Not only $50k but also $60k is possible for bitcoin. Just wait some times to see where the price of bitcoin ends. Bitcoin isn't far away from $50k and hopefully it will cross $50k very soon.
It will that price real soon and can more other resistance once it reach 60k dollar, there are already many companies who noticed BTC and it just a matter of time before it will be able to reach that amount. Adoption and importance of BTC were highly used and determined now by many since big companies already invested in it no matter how volatile the market is

And contrary to what the OP posted, seems that $50k is already coming as the new ATH hits 49716 according to coindesk. That's only few hundred dollars to 50k. As there are more companies joining this race, 50k is very easy in the next coming days. Once we surpassed 50k, people will clamor for 60k. If this will continue, at the end of this year, 100k is possible to happen.  Remember, there are a lot of known companies integrating crypto in their payment system. So the adoption is already increasing.
full member
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February 14, 2021, 06:15:18 PM
#33
I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?
It's different bro. When Bitcoin fails to reach $20,000 it's because we at the end of the bull run more precisely December 2017 and 4 years after that is 2021 and now we are still early, still in February so too fast if you say the bull run over. If we already in December and you see price dumped, maybe your question is relevant.
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