The present situation might be a shocker to traders as everybody is looking towards 6 digits for the price of BTC. Technically, everything has changed and we might likely retrace to 40K this month
Why would we retrace back to 40k this month though, what is the reason why the market is going down that way and are there evidences that will support that claim. There are still a lot of months for the 6 digit to happen, there's still a lot of time. 
Topic: BTC in the $xxx,xxx price zone (Read 285 times)
I think you all agree this is the zone where BTC should be
You mean the current $50k and the low $45k that was reached?Then no, I disagree with saying this is the price bitcoin should be at because I believe in a slow rise as the bitcoin value increases. The price however can sometimes go above that "intrinsic value" and sometimes below it. Right now we are at least $20k below the intrinsic value of bitcoin. In other words I believe that at this point, mid May 2021, price should be $65k building up to break $70k not struggle to keep $50k support.
Bitcoin's lowest price since last year dated back on March 2020, the price was $5,200. And now, it reached $62k, and then the current price is $54k.
With less than a year from the lowest price of $5,200, it got a raise of 12 times. Now, looking at its price, it only has to rise two times from its current price for it to reach $100k.
@virtualdn, are you going to sell some once it reaches $100k?
With less than a year from the lowest price of $5,200, it got a raise of 12 times. Now, looking at its price, it only has to rise two times from its current price for it to reach $100k.
@virtualdn, are you going to sell some once it reaches $100k?
$100K is not my selling price point, it's too psychological and many will have weak hands when it will happen.
Might sell a small fraction at one moment hoping to get them back when the dip will occur; because there will be a dip too I'm sure about that.
But again it's too early to think about that right now, it does cross my mind. We will see what the future brings.
That wouldn't hurt to sell some if that price point has been met and you've already the strategy to take 'em back when a dip happens just as what's happening.
In the sense of the idea and belief, it's likely that you've got a higher target other than $100k. I hope that most of us will be meeting at the top if it comes.
The present situation might be a shocker to traders as everybody is looking towards 6 digits for the price of BTC. Technically, everything has changed and we might likely retrace to 40K this month
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There is no need for pessimism here because you know that price won't come so easily, sure we know that in time btc will bebin that price zone reason why optimism is more should be the right feeling, this is a tech that has performed tremendously over a decade and still has a lot of room to perform even stronger.
I think you all agree this is the zone where BTC should be and this is where it will be sooner or later: 6 digits!
It is a touchable price but the matter for investors is WHEN. It is important to close your position and super important for loan borrowers. Many gamblers have many Bitcoin lost because they hold in wrong period, get rekted when BTC rose and they shorted it.Loan expiration is key for gamblers because they can not hold the loan forever.
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What comes after that? Hard to predict, but for now this would be the price zone putting in equation all factors involved. To the Moon!
I think the question should be What comes before 6 digits for Bitcoin price?. I can not forget what happened in 2017 with the hardfork. A massive massacre on the market, exclusively BTC and then Moon was found.What comes after that?
- The market might have a period when a fall of $20,000 or $40,000 intra-day is normal
- It sounds crazy if we look retrospectively the price, there are periods BTC struggled to get a few hundreds of dollar
S2SF, Mayer Mulitple bands support the 6 digits for BTC
Of course you are a 100% sure, you put all in on bitcoin right? I believe that bitcoin will go to that point too but I have to be a little bit pessimistic right now, the prices are a little stagnant this month and I think that this will continue mid-year but hey look at the bright side, more time to accumulate bitcoin to get bigger profits.
There is no need for pessimism here because you know that price won't come so easily, sure we know that in time btc will bebin that price zone reason why optimism is more should be the right feeling, this is a tech that has performed tremendously over a decade and still has a lot of room to perform even stronger.
Since the Simp Lord Elon Musk stopped accepting Bitcoin and put out there a post crying about Bitcoins environmental issues, I think it's less likely to happen since a herd of blind sheep following him will start the panic selling. I wish the world was not as dumb and Bitcoin's price wasn't influenced by one person.
As if that is going to happen forever, bitcoin will recover this kind of thing will probably be forgotten in a months time because bitcoin has already recovered by that time and how are you sure that it won't reach that point, there are still 7 months left for bitcoin to reach that price point, I am pretty sure that there is going to be more in store for bitcoin, we can't always expect good news.
Since the Simp Lord Elon Musk stopped accepting Bitcoin and put out there a post crying about Bitcoins environmental issues, I think it's less likely to happen since a herd of blind sheep following him will start the panic selling. I wish the world was not as dumb and Bitcoin's price wasn't influenced by one person.
I think you all agree this is the zone where BTC should be and this is where it will be sooner or later: 6 digits!
For me this is 100% sure, I have no doubts at all; of course it's my own opinion but I got my reasons and I think it's just a matter of time until it will happen.
What comes after that? Hard to predict, but for now this would be the price zone putting in equation all factors involved. To the Moon!
For me this is 100% sure, I have no doubts at all; of course it's my own opinion but I got my reasons and I think it's just a matter of time until it will happen.
What comes after that? Hard to predict, but for now this would be the price zone putting in equation all factors involved. To the Moon!
Oh yeah, if we get to that 6 digit mark this year, it will be huge. But what's next? definitely we really don't know, maybe we can go for another leg up, because there's also this prediction that bitcoin can go as high as $150k-$200k range.
Getting to 6 digit though is not gonna be easy, just look at the price today, I really don't know what's the main reason for the sudden crash to $50k again, I haven't check the news yet so it's interesting what could be the explanation of the dump.
This is unlikely to happen this year. In addition, it is almost impossible to predict. Look at the price now. It's too early to draw any conclusions.
I, on the contrary, this it's likely. A little bump on the road will not prevent us from reaching our destination. Fundamentals are good, and I don't think the many companies that are buying bitcoin and offering it as a payment method are going to follow Musk for supposedly ecological reasons.
I also say it's very likely, now with Musk's tweet the chances have actually increased. Because what Musk is doing here is gonna provoke a reverse effect and the joke will be on him in the end.
Chill out and let's go to the Moon without his rockets
This is unlikely to happen this year. In addition, it is almost impossible to predict. Look at the price now. It's too early to draw any conclusions.
I, on the contrary, this it's likely. A little bump on the road will not prevent us from reaching our destination. Fundamentals are good, and I don't think the many companies that are buying bitcoin and offering it as a payment method are going to follow Musk for supposedly ecological reasons.
This is unlikely to happen this year. In addition, it is almost impossible to predict. Look at the price now. It's too early to draw any conclusions.
Bitcoin's lowest price since last year dated back on March 2020, the price was $5,200. And now, it reached $62k, and then the current price is $54k.
With less than a year from the lowest price of $5,200, it got a raise of 12 times. Now, looking at its price, it only has to rise two times from its current price for it to reach $100k.
@virtualdn, are you going to sell some once it reaches $100k?
With less than a year from the lowest price of $5,200, it got a raise of 12 times. Now, looking at its price, it only has to rise two times from its current price for it to reach $100k.
@virtualdn, are you going to sell some once it reaches $100k?
$100K is not my selling price point, it's too psychological and many will have weak hands when it will happen.
Might sell a small fraction at one moment hoping to get them back when the dip will occur; because there will be a dip too I'm sure about that.
But again it's too early to think about that right now, it does cross my mind. We will see what the future brings.
Of course you are a 100% sure, you put all in on bitcoin right? I believe that bitcoin will go to that point too but I have to be a little bit pessimistic right now, the prices are a little stagnant this month and I think that this will continue mid-year but hey look at the bright side, more time to accumulate bitcoin to get bigger profits.
Not many people can really go all in because we all need to live.
If all in means selling our houses and cars and putting it all into Bitcoin I'll say no way.
If all in means spending all my money on Bitcoin I'll say no. I have to eat, pay my bills, have money to fix stuff if it breaks, buy gas.
If all in means having no other investments but bitcoin then I'm almost all in because I have some ETH.
I could sell now with huge profit but like OP I believe we'll see 100 thousand dollar bitcoin in the next 5 years. It's worth the wait.
We're gonna see it this year, 2021 is far from being over. No need to wait 5 years for that! In 5 years price could go through the roof.
Just have strong hands and enjoy the ride my friend. You will be highly rewarded in the end
Of course you are a 100% sure, you put all in on bitcoin right? I believe that bitcoin will go to that point too but I have to be a little bit pessimistic right now, the prices are a little stagnant this month and I think that this will continue mid-year but hey look at the bright side, more time to accumulate bitcoin to get bigger profits.
Not many people can really go all in because we all need to live.
If all in means selling our houses and cars and putting it all into Bitcoin I'll say no way.
If all in means spending all my money on Bitcoin I'll say no. I have to eat, pay my bills, have money to fix stuff if it breaks, buy gas.
If all in means having no other investments but bitcoin then I'm almost all in because I have some ETH.
I could sell now with huge profit but like OP I believe we'll see 100 thousand dollar bitcoin in the next 5 years. It's worth the wait.
Bitcoin's lowest price since last year dated back on March 2020, the price was $5,200. And now, it reached $62k, and then the current price is $54k.
With less than a year from the lowest price of $5,200, it got a raise of 12 times. Now, looking at its price, it only has to rise two times from its current price for it to reach $100k.
@virtualdn, are you going to sell some once it reaches $100k?
With less than a year from the lowest price of $5,200, it got a raise of 12 times. Now, looking at its price, it only has to rise two times from its current price for it to reach $100k.
@virtualdn, are you going to sell some once it reaches $100k?
This is the hope of all bitcoin holders to see the figure in 6 digits but we all know that this can't happen overnight we just need to keep holding and adding to our portfolio till a time like this comes to light. I won't be surprised to see this figure few years from now.
If you take a deep look then almost more than 3 years have taken Bitcoin to touch a new ATH after 2017.
...
But the question will it take 3 years like before that happened in 2017?
The $20k mark in 2017 was the end of that bull run and heralded the bear market which lasted for majority of the next few years, past the next halving which occurred last year. Expecting the time between now and 6 figures to have a similar duration sort of suggests that we have gotten to the peak of this cycle and are entering a bear market, which I do not think is the case....
But the question will it take 3 years like before that happened in 2017?
$100k is possible within this cycle, but there are of course no guarantees.
Nah, don't be over-excited. Bitcoin already in a good position although it's 5 digits now. You have mentioned 6 digits mean your expectations are above $100K. If you take a deep look then almost more than 3 years have taken Bitcoin to touch a new ATH after 2017. Aftertouch the $64K zone, BTC seems failed to break even the $60K zone. And it's been noticed still Bitcoin in a downtrend. Although it's not a bear mode, I am not expecting to create a new record of another ATH very soon. We know once a time Bitcoin will cross the $100K zone. But the question will it take 3 years like before that happened in 2017? We don't know about the answer to "when". But I always admit, everything would happen in the crypto world out of our expectations.
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