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Topic: Bitcoin won't surge past 11k, your thoughts... (Read 698 times)

sr. member
Activity: 1638
Merit: 278
February 24, 2020, 08:39:48 AM
#74
Negativity has always been in bitcoin, I remember 5-6 years ago people have said that bitcoin was literally dying and would never go back up after the whole 1400 thing. We peaked at 1400 and just because we have dropped a bit in the price everyone suddenly start to think that bitcoin would never go back above 1000 dollars and so forth and there was a lot of talks about what will happen to bitcoin etc etc.

In the end we have peaked at x20 of that with 20k which means good things could still happen even if we are in the bad thing now. If we didn't give up on the 2018 horrible crypto winter that basically killed hundreds of coins and injured all others, we are not going to stop now. 11K will happen, it will happen very easily as well, that will not change forever.
hero member
Activity: 2702
Merit: 672
I don't request loans~
The chances of it not to happen is 5-10%.
True. A lot of people are negative about it, but much more are actually expecting for it to exceed the ATH we have right now. Even if it wasn't this week or the next, the closer we get to the halving, the higher the chances of it actually making it past $11k, what with all the FOMO coming out and investors trying to get in and get a share of the pie of what is called BTC. Additionally, the price decrease recently was, IMO, a correction. It surged way too smoothly from $8k after all. It would have been weirder if it actually pushed through straight to $20k at the pace it was going last time.
legendary
Activity: 2576
Merit: 1043
Need A Campaign Manager? | Contact Little_Mouse
The chances of it not to happen is 5-10%.

Yes we declined these past few days and we are not at the $9600 price right now but the 11k mark is near already. Many are expecting that as the halving is approaching, the price of Bitcoin will still increase. I also believe that the correction that we experienced right now is a healthy correction and the $10500 price which is the highest that Bitcoin reached is the psychological support and those traders sold their Bitcoins at that price. Still though, I don't want to expect too much on Bitcoin. I'd rather expect a good development from its technology.
full member
Activity: 1316
Merit: 104
CitizenFinance.io
Technically, all shows that it will still move upward and that makes me have a different opinion. Among other things that will make it surge pass 11k is the halving that will happen around the month of May of this year
sr. member
Activity: 2828
Merit: 344
win lambo...
Bitcoins all time high of this year is all set to stop according to the indication, there was a massive pump from the last week which crossed $800 in a week was really amazing from BTC. Here I will share a link where it clearly shows that BTC won't go beyond 11k. Guys kindly share your thoughts.
https://www.newsbtc.com/2020/02/13/bitcoin-wont-surge-past-11k-just-yet/amp/
The majority of us here are very optimistic and positive about the possible things that will happen this year. And thinking for $11k is not reachable, sorry but it was just low in IMO. In fact, we are nearly capturing that amount and a few more pumps we will break it through.

This speculation seems to drag a doubtful person to sell their coins early and start FOMO. And I don't think we need to consider this one knowing that we can even surpass this and holding our Bitcoin patiently won't mean helpless but of having a good result in the coming days. We are already having a positive response from the investors and many of them are coming back after a tragic decline in the past year. With these new changes and the upcoming halving, we can expect a bullish, not a drowning market.
legendary
Activity: 2730
Merit: 1288
They were right. Nine days latter and we still had not passed $11000. Growth was to strong for to long. It was two full moths. Bitcoin need a pause. I am sure before halving there will be another push up. Over $11000.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
It looks like there has been some sort of stagnant process right now and I could potentially understand the fears of people when they see the price going above 10k and why they sell it. The psychological realization that bitcoin is not at 5 digits is actually scarier, and even if it is 9.9k to 10k there is a huge difference in people's minds which is why there are lot of people who sell their bitcoin when they see the 10k mark.

Plus, if you consider how many people have bought bitcoin from the moment we dropped under 10k (not now, the first time after 20k peak) and to this day, there is a lot of accumulation that needs to be corrected in order for us to above 10k without any problems and that will probably take months before we can say it is done, there will always be some people who sell those profits after we move beyond 10k price, even if we reach 15k one day. 20k will be even harder if we can reach it one day.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
More predictions on BTC movement.... really?  Grin   people won't get tired of these speculations...
I have to say that I have already thought that BTC is not showing strenght to go much further on this run, but past experience tells me that the BTC market makers do not always behave like the market expects...
And I've seen another analysis where the "guru" says that if it crosses 10.500 we are in for a true bull run.... so if this other guy says that it won't past 11k...
and look at the OP's Post History he had posted once that Bitcoin may Hit 100$k and now the wind changes and he is talking about the fall of Bitcoin lol.
Anytime bitcoin makes a bull move or increase, we have the speculation table shaking. In my own expectation, I believe bull year is here. I'm going to wait for deep to enter a buy and hopefully, the halving period with turn around the bear signals flying .
no doubt because Bitcoin now is near in halving so whether we want it or not Bitcoin will Hit the hype this year,and even how many of this talks right now?still i believe that we will pass that 11k$ before halving.
hero member
Activity: 2982
Merit: 610
Anytime bitcoin makes a bull move or increase, we have the speculation table shaking. In my own expectation, I believe bull year is here. I'm going to wait for deep to enter a buy and hopefully, the halving period with turn around the bear signals flying .
The price has recovered to $10,000 which made me believe that the next uptrend would bring bitcoin to $11,000 and I am also optimistic that it's going to happen this month. Bitcoin were stopped when it reached $10,400 (which is currently the highest this year) so I think we will go higher and that next landing would be $11,000.
sr. member
Activity: 2366
Merit: 332
Anytime bitcoin makes a bull move or increase, we have the speculation table shaking. In my own expectation, I believe bull year is here. I'm going to wait for deep to enter a buy and hopefully, the halving period with turn around the bear signals flying .
hero member
Activity: 2716
Merit: 552
More predictions on BTC movement.... really?  Grin   people won't get tired of these speculations...
I have to say that I have already thought that BTC is not showing strenght to go much further on this run, but past experience tells me that the BTC market makers do not always behave like the market expects...
And I've seen another analysis where the "guru" says that if it crosses 10.500 we are in for a true bull run.... so if this other guy says that it won't past 11k...

Predictions after predictions, analysis after analysis. Everything doesn't matter anyway and does not correlates the market condition and everything is just a mere wild guess out of thin air. Though, all of this can change the market sentiments and the price would flow to the direction that this speculators wants it to go.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
More predictions on BTC movement.... really?  Grin   people won't get tired of these speculations...
I have to say that I have already thought that BTC is not showing strenght to go much further on this run, but past experience tells me that the BTC market makers do not always behave like the market expects...
And I've seen another analysis where the "guru" says that if it crosses 10.500 we are in for a true bull run.... so if this other guy says that it won't past 11k...

We can wait for that while we can prepare if the price really gets down deeper. Yes, people will always want to read more about the speculations from many "guru" because they think that they can get more information to buy more bitcoin if the price is down. Meanwhile, after the bitcoin market got down yesterday, this day, the price can back to $10,000, but we don't know if that can trigger and moves the price to the high price. But we can hope that this week or next week, bitcoin price can break $10,500.
member
Activity: 854
Merit: 12
arcs-chain.com
More predictions on BTC movement.... really?  Grin   people won't get tired of these speculations...
I have to say that I have already thought that BTC is not showing strenght to go much further on this run, but past experience tells me that the BTC market makers do not always behave like the market expects...
And I've seen another analysis where the "guru" says that if it crosses 10.500 we are in for a true bull run.... so if this other guy says that it won't past 11k...
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
My thoughts is that bitcoin will not succeed as a currency, and be accepted by merchants worldwide,
It has already succeeded because it's already accepted in some countries, and other countries already have a regulation on crypto.

while the whales have freedom to steal money from the small traders. As simple as that.
You are wrong with what you believe, the game here is based on the supply and demand and it so happen whales have big supply in their hands so they'll take advantage on their position, there is no stealing on that because they haven't violated any law.

You just have to accept the reality and you'll be okay.
sr. member
Activity: 1400
Merit: 347
My thoughts is that bitcoin will not succeed as a currency, and be accepted by merchants worldwide, while the whales have freedom to steal money from the small traders. As simple as that.
sr. member
Activity: 2828
Merit: 344
win lambo...
Well, I am completely disagree with you despite there is a crisis in the market or a little correction. Plus, stop believing  these kinds of news from the social media because most of them are absolutely false or fake, they are just want to control the traders. Otherwise, I feel that Bitcoin's price will reach $ 11K in the first day of Mars, but there is nothing predicted in this field, the surprises are always occur, we are just need to deal with any  bad situation  with the right plan.
We have nothing to assured of for the next days if the market will still be rallying well or not. In fact, we are falling back to $9,600 in the past days...it is quite to see that the market is still struggling to maintain its momentum and keep the straight line going up to appears. Though it has to believe that halving could contribute a lot this year but still, we can't be sure that we can reach for another high this year. $11k it reachable for sure and I trusted Bitcoin that could get that but if we are thinking for $20k...the possibility is not clear.
full member
Activity: 868
Merit: 116
Well, I am completely disagree with you despite there is a crisis in the market or a little correction. Plus, stop believing  these kinds of news from the social media because most of them are absolutely false or fake, they are just want to control the traders. Otherwise, I feel that Bitcoin's price will reach $ 11K in the first day of Mars, but there is nothing predicted in this field, the surprises are always occur, we are just need to deal with any  bad situation  with the right plan.
hero member
Activity: 2184
Merit: 531
Why should we care about  this correction if even the article that OP is quoting is saying that it's going to be a short stop on the way up. Focus on the technology and the events like the halving that will inevitably take us higher. It can be this year or next year but it will happen and this is what matters. You don't always have to get everything all at once Wink

For now this prediction is coming true but we all knew that 10 thousand will be a strong resistance. Keep holding!
full member
Activity: 406
Merit: 104
Convert Crypto at BestChange
That article has really a good point why bitcoin won't surge 11K USD or beyond and I agree with that. All I wanted to Bitcoin at 10K USD within February and it happened faster than my expectation, as usual, we are expecting 11K, 12K USD now! But this time Bitcoin will go lower zone once again and I think before the halving Bitcoin price won't cross the 11K USD zone. It has a 60-40% chance to do that. Maybe Bitcoin will take time for correction and after the bull run, the price can go for a new high price. All of these are possibilities as no one can ensure you what gonna happen next in Bitcoin!
full member
Activity: 2324
Merit: 175
Really they can say that if we are in the month of December and Bitcoin has not yet reached the $9500, they don't even consider that this is  the year of the halving, the market is very volatile but we don't undermine the capability of the market to rally in just a short period of time and we have seen that happens so many times in the past.
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