I don't know. I know I hear a lot about Bitcoin going to $100,000, but that requires a lot of new people to start buying crypto, and a lot of those people were burned when it hit $20,000. People doing things like selling their houses.
Very crazy if people sell their house just to buy Bitcoin, yes it sounds like a CZ story, if you are able to analyze it well I think you do not worry, but if you do not understand anything and the first time to trade in the Cryptocurrency , it's the same you play gambling 
Topic: Bitcoin’s Next Peak May ‘Only’ Be $80,000, Says Analyst (Read 898 times)
At the moment, it would be nice if Bitcoin cost at least $20,000, and then you can think about growing Bitcoin to $80,000.
Well, if bitcoin reached $ 20k, I would soon have sold it and given up the thought of the $80k price because this market is never as expected, analysts who are not the owners of this market, whales with a huge amount of money are managing bitcoin, they can calculate the costs and risks when they pump bitcoin prices up. That's why I feel bitcoin will not go too far, it's just stable or higher than the $20k price levels, prices are too high for those who are psychologically weak, they will constantly dump, whales cannot compensate for these damages, so can not pump bitcoin too high
There is a financial resistance level and there is a psychological resistance level, those are two different things. Normally what a regular financial resistance level is, we all know that, there are sells there and we have to break those orders and buy them and make them smaller and smaller until we actually go beyond it and buy above, that is doable and that is easy because as long as there are people who buy, those levels will be tored down very easily.
However, what is very difficult is to actually break down the psychological resistance, just to give an example this current 10k level is one of those, we had a lot of "above 10k, below 10k, above 10k, below 10k" things in the past as well and we do have it now too. I know we only touched 20k and went down but if we ever reach back, that will be like that as well.
However, what is very difficult is to actually break down the psychological resistance, just to give an example this current 10k level is one of those, we had a lot of "above 10k, below 10k, above 10k, below 10k" things in the past as well and we do have it now too. I know we only touched 20k and went down but if we ever reach back, that will be like that as well.
I think that the previous ATH (20k) will be the strongest level of resistance since everyone will be afraid of repeating the 2018 scenario. Plus, we should not forget about those who bought bitcoin at the maximum price and when the opportunity arises, they will sell it in order to return their money back.
People were saying the same thing after 1000 dollars. I read that it's never going to happen again because it was all fake pump made by Mtgox willy bot and that all those bagholders who bought at that level will be waiting to unload if we ever come near that level. The truth is that all 1000 dollar bagholders from 2013 were long gone when we hit that level again in 2016 and 1000 was no resistance at all.
Perhaps you are right, but we should take into account the fact that these events, although similar, occurred at different levels of popularity and, most importantly, bitcoin capitalization. Therefore, this time everything can happen as I said.
I don't know. I know I hear a lot about Bitcoin going to $100,000, but that requires a lot of new people to start buying crypto, and a lot of those people were burned when it hit $20,000. People doing things like selling their houses.
At the moment, it would be nice if Bitcoin cost at least $20,000, and then you can think about growing Bitcoin to $80,000.
If it hits 20 thousand it will not stop there. 10 is a strong level of resistance that was hit and sometimes even overshot multiple times and the more we stay at a given level the stronger it becomes.
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I think that the previous ATH (20k) will be the strongest level of resistance since everyone will be afraid of repeating the 2018 scenario. Plus, we should not forget about those who bought bitcoin at the maximum price and when the opportunity arises, they will sell it in order to return their money back.
People were saying the same thing after 1000 dollars. I read that it's never going to happen again because it was all fake pump made by Mtgox willy bot and that all those bagholders who bought at that level will be waiting to unload if we ever come near that level. The truth is that all 1000 dollar bagholders from 2013 were long gone when we hit that level again in 2016 and 1000 was no resistance at all.
At the moment, it would be nice if Bitcoin cost at least $20,000, and then you can think about growing Bitcoin to $80,000.
If it hits 20 thousand it will not stop there. 10 is a strong level of resistance that was hit and sometimes even overshot multiple times and the more we stay at a given level the stronger it becomes.
~
I think that the previous ATH (20k) will be the strongest level of resistance since everyone will be afraid of repeating the 2018 scenario. Plus, we should not forget about those who bought bitcoin at the maximum price and when the opportunity arises, they will sell it in order to return their money back.
At the moment, it would be nice if Bitcoin cost at least $20,000, and then you can think about growing Bitcoin to $80,000.
If it hits 20 thousand it will not stop there. 10 is a strong level of resistance that was hit and sometimes even overshot multiple times and the more we stay at a given level the stronger it becomes.
20 is not some psychological barrier. If we go there people will see it as a big bullish sign and keep buying because in the past bitcoin always moved up after touching the previous ATH.
I'd be happy with 20 but 80 is an incredible gain. More like a dream come true for most of us than "only 80"
30k usd per coin is already a big thing.How much more on 80k? I dont really believe into any analyst keep telling that this would might be the peak price or whatsoever.
Just go with the flow and utilize movement to make profits.This is my primary goal no matter what would be the trend.
At the moment, it would be nice if Bitcoin cost at least $20,000, and then you can think about growing Bitcoin to $80,000.
If it hits 20 thousand it will not stop there. 10 is a strong level of resistance that was hit and sometimes even overshot multiple times and the more we stay at a given level the stronger it becomes.
20 is not some psychological barrier. If we go there people will see it as a big bullish sign and keep buying because in the past bitcoin always moved up after touching the previous ATH.
I'd be happy with 20 but 80 is an incredible gain. More like a dream come true for most of us than "only 80"
At the moment, it would be nice if Bitcoin cost at least $20,000, and then you can think about growing Bitcoin to $80,000.
Based on the some predictors and some analyst, the next value of bitcoin might become $100,000. They say that it is based on the previous halving. They saw a pattern on what will be the next value of bitcoin and that is the result of it. Lets just wait what for what will happen. Lets hope that there is some cases that will make the value of bitcoin to rise up even more.
If bitcoin reaches a price of $ 80,000, the daily income of miners will be approximately $ 72 million. This is after a halving!
In annual terms, this is 26 billion dollars.
I believe that these are absolutely unrealistic numbers when taking into account the level of bitcoin acceptance at the moment.
If we calculate the average transaction price at such costs, we will see that it is very inefficient.
To achieve these levels, bitcoin needs serious technical improvements plus mass adoption.
In annual terms, this is 26 billion dollars.
I believe that these are absolutely unrealistic numbers when taking into account the level of bitcoin acceptance at the moment.
If we calculate the average transaction price at such costs, we will see that it is very inefficient.
To achieve these levels, bitcoin needs serious technical improvements plus mass adoption.
I don't think we need to want a high price just for a momentary profit
We want to have a higher price so that we can take profits out of it. This is the reality that everybody wants and that's why these high predictions are coming out of nowhere and a stranger becomes an expert and an analysts.because the most important thing is to have a more stable value so that large adoption can be done, so that bitcoin will be more beneficial than just having a high value it will only benefit some people or any group there.
Bitcoin will never have a stable value, it's volatile and that will make the price unstable from time to time. We might use the term stable for some reasons like being stable at the price range of $10k - $11k, somehow like that but price will never stay on that range forever. 
'Only'? 80k is a fantastic value, no matter how much they say because after achieving ATH, a dump will inevitably happen that doesn't look good and will make a bad judgment for bitcoin itself. I don't think we need to want a high price just for a momentary profit, because the most important thing is to have a more stable value so that large adoption can be done, so that bitcoin will be more beneficial than just having a high value it will only benefit some people or any group there.
I think many of those people are doing those predictions to bring attention to themselves, we know that bitcoin is going to eventually reach some spectacular prices, we all know it, but they are making those statements so in the case they happen to be right they can get the glory and say they were the ones to perfectly call the top of the price and the moment it happened and gain fame and a lot of money when they do this if they happen to be right.
That was beautiful but wondering what it brings Bitcoin to that level and might be thinking also if there is someone could afford to risk/buy that time. Because if that happens, I doubt if those casual investors will still buy Bitcoin at that price, it is certainly not and can't afford either.
We can't close to that chances but away from reality, honestly. I know we don't need that price, $80k? Only we need to have a sustainable market that would give us a profit and not worry that after buying such an expensive price will dump drastically. If I could see Bitcoin reaches to $20k, I'll be happy satisfied already...
We can't close to that chances but away from reality, honestly. I know we don't need that price, $80k? Only we need to have a sustainable market that would give us a profit and not worry that after buying such an expensive price will dump drastically. If I could see Bitcoin reaches to $20k, I'll be happy satisfied already...
All these kinds of huge predictions are not helping bitcoin, in fact it is hurting it more than it is helping actually. I had a friend who wanted to get into bitcoin when the price was at around peak times and he bought bitcoin because he saw the price going up, of course after the peak the price went down and he sold and now he is not interested in bitcoin ever again, that is the kind of thing we need to stay away from if possible.
With these kinds of predictions people believe them for a while and buy bitcoin, seeing it not going to 80k they eventually sell it and never come back, that is why we need to refrain from making absurd predictions since people may actually end up believing them and to be honest it never comes out true, 80k is just way too much for it to happen.
With these kinds of predictions people believe them for a while and buy bitcoin, seeing it not going to 80k they eventually sell it and never come back, that is why we need to refrain from making absurd predictions since people may actually end up believing them and to be honest it never comes out true, 80k is just way too much for it to happen.
Not even halving would guarantee the claims of analysts like him that Bitcoin would "moon" for real.
the word guarantee should never be used in this context. guarantee you can only guarantee that nobody can guarantee anything.
it constantly suggests to new people that nothing can go wrong now and certainly entices many people to get into debt.
and if everything turns out differently than expected this can lead to real problems. so better be careful with such statements.
Peaking on 80k usd? Its better to be realistic or to mention on reaching first the ATH before talking on prices beyond that boundary.Yes, we are heading
on halving event but i dont see the trigger for it to moon.Well, price do increase but not to those kind of extents.
Not even halving would guarantee the claims of analysts like him that Bitcoin would "moon" for real.
the word guarantee should never be used in this context. guarantee you can only guarantee that nobody can guarantee anything.
it constantly suggests to new people that nothing can go wrong now and certainly entices many people to get into debt.
and if everything turns out differently than expected this can lead to real problems. so better be careful with such statements.
there's a lot of analysis/ speculations about bitcoin how much will be the highest price for bitcoin when it reaches its ATH.. we all now that no one can predict the market price. even those expert analyst they might get wrong
I believe that no forecast can be mandatory and completely believable, because this is just the opinion of experts based on their analysis of the current market situation. Cryptocurrency users perceive any forecast as much as authoritative is the source and nothing more.Jump to: