Bitcoin will not reach $50,000 - page 3.

wheelz1200

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Quote from: Viscore on February 14, 2021, 06:26:12 AM

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 ?

This bull might be a little different than the last one. So much more bigger players are in on this one. With that being said can we have already topped yeah could be and a retrace is in order, but then next bull we will surely see prices way higher than $50k. No.linear line in this market so yes it is possible...I personally thing there is some play up through 60k then a nice retrace but then again I didn't call this run so who knows.

stompix

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Quote from: Viscore on February 14, 2021, 06:26:12 AM

I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

You should have made the title something like "What if X", "If x, what are you going to do" etc etc.
You're ruining my fun in collecting topics that are predicting price changes, dump, and pump only to be proved wrong in less than a week in some cases a day.

Quote from: NeuroticFish on February 14, 2021, 11:46:12 AM

Now the minimum was 3000-3500$. So why wouldn't this bull run or bubble go until nearly 300k$? It's just as good number as any.

Mostly because of this: Grin

If one thing happens twice it doesn't mean it will happen twenty times, while 300k is perfectly doable what do we do next time when we're supposed to go somewhere between 4-5 million, not even speaking of the crash that is supposed to happen Wink

, bitcoin has a habit of ignoring patterns just when you're 100% sure it won't and you've put all your money on it.

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, it's one thing saying bitcoin will reach 300k, and a different one saying it will hit 66872, 108635, 86311,25612,172091, and finally 300k in that exact order. Trying to predict it looks funny but after you've been around for so long it's beginning to look like an impossible and fruitless task.

Quote from: coolcoinz on February 14, 2021, 09:52:09 AM

I don't believe we're up for a hard correction like the one in 2018. Why is that? Because we're moving much slower this time. It took us maybe 20 days to go from 10k to 20k and correct back to 10k.

I have a feeling the 32 to 1$ crash is dying of envy right now.

dimonstration

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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

Ridwan Fauzi

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The different situation can be made as a factor for me to dissagree to your statement. Indeed, bitcoin was failed to reach $20.000 after has tried many times to reach $20.000 and after that its price just dump hard and make many people lose their money. But, at this situation I'll doubt it.

Since many investors are coming especially instutional investors are coming to store their money into bitcoin we will never see bitcoin price dump a lot. Also, the current situation has made bitcoin being accepted by most companies like mastercard, apple and many more. They will help bitcoin become new technology can be used by most people, it means mass adoption is coming. So, the bull run is not over we will see a huge increase later.

vintages

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Quote from: Viscore on February 14, 2021, 06:26:12 AM

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 ?

Same here, I have this exact feeling too this. The way a lot of people were expecting Bitcoin to hit 20,000 last year is the same as now. A lot of people were disappointed, and some even sold. We will be expecting something similar now, though. Personally, I am not in too much rush for it to click $50k, cause when the market is corrected, it comes back much stronger.

romero121

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Reaching $50k will happen soon, but the same might not stabilize as we saw with the price growth during the year 2017. Once it moves above $50k we can expect sudden rise in the market or a downturn. We're in the high market, and there is no big volatility this time. The growth has been happening in a very gradual manner. More and more number of positive news are getting into the cryptomarket than negativity.

Oasisman

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Quote from: Viscore on February 14, 2021, 06:26:12 AM

What do you think ?

$50,000 as a strong resistance is within our reach already, and there's still a lot of money poured into Bitcoin. So, I don't think Btc will not reach $50,000 level.
The market is interesting enough whether It reaches $50k or not. The 2017 pump happened so fast, that it started to dump late in January and that doesn't give good first impression from the new investors, therefore I don't think that's more interesting bull run than this year.

jossiel

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The comparison from the last bull run and today's are no longer viable. They really have a different run and we could see different variations and signs if this bull run is about to last. But I get your idea of the what-if so that we can have a sign if it's about to sell whether it will be the last turn for this bull run.

But to look at what happened for the past two months, bitcoin just proven that it can break higher barriers without any struggle.

dunfida

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Quote from: Viscore on February 14, 2021, 06:26:12 AM

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 ?

Possible! but if we do try to look into the price, it is almost hitting that level or resistance but the thing here is that it is been rejected for how many times.
We need some other positive news to push up the price, havent able to reach out or breakthrough doesnt mean that it would be automatically meaning
off on possible huge or bad correction to happen but well we cant really cross out that probability because it can really happen anytime.
Its just not right to make up conclusions that it wont break out 50k yet we are almost there atm.

uneng

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Quote from: Viscore on February 14, 2021, 06:26:12 AM

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 understand your point. On last bull run many people were waiting btc to hit 20,000$ to sell their coins and cashout profit in fiat, but as it didn't happen those people were surprised and had to sell their coins cheaper on that time or waited by now to finally cashout their profit with a bigger profit margin. Like on that moment, now there could be some investors waiting btc hit 50,000$ to cashout, following the same strategy.
But would the market be so predictable like this?

Silberman

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Quote from: Viscore on February 14, 2021, 06:26:12 AM

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 ?

That's not how markets work, markets are not here to bring entertainment to us they just move on supply and demand, that's it, we were very close this day to reach 50k and while we could always watch a correction the market is simply too strong for a crash to happen right now, you need to make trades with high probability of winning and going against bitcoin at the moment despite of how interesting you could find it is a terrible move that will cost you a lot of money if you actually make it.

pixie85

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The cult of round numbers strikes again Cheesy

What's so important about 50 thousand? We had no problem with surpassing 30 and 40 so why sould we stop exactly at 50? Do you have your magic ball with you?

Quote from: ?? on ??

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.

100 is possible if we're at this prediction marathon.

acquafredda

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Quote from: Viscore on February 14, 2021, 06:26:12 AM

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 think you are being over-bearish and I do not understand why do you compare two separate bull runs that cannot be compared. 2017-8 and 2020-1 are two things of a different kind. 2017 was made mostly out of a frenzy of crap named ICO while we are seeing the mother of all runs for bitcoin now. And the more institutional money flows in, the better. You will see.

Luthier

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I agree, the price could never go 2% higher than it is right now. Bull run is over, sell your coins to me please.

NeuroticFish

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Quote from: Viscore on February 14, 2021, 06:26:12 AM

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.

You are comparing apples with oranges.
The previous minimum was 200-250$ (maybe less) and indeed that bubble ended just before 20000$. 100 times growth.
Now the minimum was 3000-3500$. So why wouldn't this bull run or bubble go until nearly 300k$? It's just as good number as any.

aysg76

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Quote from: UnDerDoG81 on February 14, 2021, 09:05:56 AM

I think we see it today.

if not today then surely this week.

ene1980

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Quote from: Viscore on February 14, 2021, 06:26:12 AM

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.

It would be great if we see a correction right now but with major investments coming from big companies like Tesla you cannot predict how long the rally goes. I booked some of my profit and i am waiting for the market to go down but i am not sure how long the rally last and it is even possible we could breach the resistance at $50k then we might even go near $70k and that is my expected valuation right now before the correction.

TinaK

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Quote from: Viscore on February 14, 2021, 06:26:12 AM

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 ?

Market is always unpredictable so we never compare the past journey of Bitcoin, Because we see lot of issues was created in past travel. But finally we see the good return of crypto market.
1. $50k is depends on demand of investors.
2. Bull run is not over in current situation so we expect the good return.

hatshepsut93

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The peak of the cycle will have a huge hourly candle just like it was during the previous bull runs. This is not what we are seeing now - the price has been stable around $47,000 for the third day already. If you remember the $20,000 ATH, it last for just a few hours or even less, and the price was actually around $16,000 during the days around ATH.

So, if the peak was reached soon, we'd see something like $56,000 that would hold only momentarily.

coolcoinz

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I don't believe we're up for a hard correction like the one in 2018. Why is that? Because we're moving much slower this time. It took us maybe 20 days to go from 10k to 20k and correct back to 10k.
Now from the last ATH we're already 2 months in and counting. There hasn't been a single huge spike up, but instead we're going up by 5k, correcting and continuing up a week later. I believe we're going to need a strong FOMO rally to experience a 50% correction this time.

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