By 4/20, the price of bitcoin had rising to $69,000?

Lucius

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Quote from: mk4 on March 19, 2021, 06:08:48 AM

Sorry, but where exactly did you get that exact price and date lol? Let me guess, probably a meme on Reddit/Twitter?

It is my opinion that he only took the current price ($59 000 and today's date) as an example, and raises the question of whether we can expect the price of one BTC to reach $69 000 in the next month.

If we look at the beginning of the year ($30 000) and a little over 2.5 months after that (almost $60 000), then we come to an average growth of $10 000 per month - which means we can rightly hope that the trend will continue. But it's about Bitcoin, so no one should take this kind of data as a guideline for their investment - $69 000 is just as possible as $49 000.

traderethereum

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One month from now on and boom, the price will become $69,000?
I wish that will happen at that time, but if that is not happening and we are still at below $69k, I will still enjoy that and maybe I can use the time to trade more than before because I think the price will more fluctuate again.
If there is a big demand from people and big companies, bitcoin prices can rise fast, not just to reach $69k, and the price will break $70k or more.
Before that happens, we have more time to accumulate more bitcoin from now, so when it really happens, we can sell some of the bitcoin that we have and take profit.

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Quote from: ConnerDalfino on March 19, 2021, 02:54:51 AM

With the next wave of stimulus money on the way and the price fluctuating in the mid-to-high 50s for nearly a month, I just wanted to hear people's thoughts on the possibility of bitcoin touching $69K by 4/20.

$69,000 at 4/20 is not that huge or big deal to hit. The price trading at $58,973 at this time , that means the difference of $10,000 within a month. Yes , it is possible to happen. All is needed is stability around $60,000 area and the deed is done. The American stimulus has been a big factor to the initial increase last year and I'm sure more lose money are coming into bitcoin investment this time.

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Seems to be as good a prediction as any. Granted it appears ridiculous on the surface, but it’s actually well within the expected stock to flow model’s pricing around the time. I’d say it’s more likely than not to occur.

sunsilk

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That's your prediction which is going to be caused by the next stimulus? we do not know how accurate that will be. It is just a yes or no and maybe.

No one can tell you accurately and even you who is also speculating. But if thay happens, we are stepping closer to the most target of everyone, $100k.

Jating

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Quote from: mich on March 20, 2021, 01:54:20 AM

The price point of 69,000 per Bitcoin sounds really good for me by April 20.

Right, we all want to see bitcoin reaches another all time high again this month.

Quote from: mich on March 20, 2021, 01:54:20 AM

Really wish all the Americans would start using their stimulus money to pump more into the Bitcoin market.

Remains to be seen, last time though, base on the data, the price spike coincidence with the stimulus check being release to the Americans. However, we really don't know if they are going to do it again with the latest set of the stimulus. I think with institutions still wanted to get their hands on bitcoin, for sure with or without the stimulus package, sooner or later we will eventually see the price going to $69k or even higher as there are a lot of predictions that at least at the end of the year $100k is possible. So let's see how it will pan out.

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Quote from: mk4 on March 19, 2021, 06:08:48 AM

Quote from: ConnerDalfino on March 19, 2021, 02:54:51 AM

$69K by 4/20.

69 and 420. Elon Musk, is that you?

Sorry, but where exactly did you get that exact price and date lol? Let me guess, probably a meme on Reddit/Twitter?

But to answer your question just increase this is 100% serious, a move from the peak of around $61,200 to $69,000 is just approximately 13% increase in 30 days. Knowing bitcoin, though I really won't bet on it, that's definitely nowhere near impossible.

I agree that it is definitely based on a troll number choosing. However lets be honest, we are close to 69k aren't we? I mean we are nearly at 60k right now, and 20th of April is not that far away, just a month later, so people who joked about it actually started to make sense, for the first time ever we are actually quite close to it. If you ask me seriously, I have to say it is quite the possibility that we break over that price for sure, we may not be exactly that number but we could definitely be reach and go pass that price.

Yeah, there is no guarantee in the crypto world but it looks like it is something that we can achieve if we have another bull run, that is why I do not doubt anything that could happen with this situation, I just think that numbers are only picked funnily, we could be above that price before or after the date and be higher or lower during that but it is just possible, that's all I think.

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Quote from: ConnerDalfino on March 19, 2021, 02:54:51 AM

With the next wave of stimulus money on the way and the price fluctuating in the mid-to-high 50s for nearly a month, I just wanted to hear people's thoughts on the possibility of bitcoin touching $69K by 4/20.

I don't want to spoil the excitement with this news but why people are so optimistic with the stimulus package that they aren't thinking the other side of it.

Will all of them invest their money into it that most are thinking that it will touch that price in that date Cheesy

. Just a mere prediction coming from you "again" or possibly that you just got that prediction in Reddit possible or in Twitter. Anyway, Bitcoin touching $58,000 to $69,000 within a spam of a month is achievable because we saw it moving up so much within the day but if it will happen it will not only because of the stimulus package. There must be some kind of a catalyst or a news that will make the price of it go to that price.

Bitcoin to $69,000 by April 20?? Might be but have a low chance unless we will see huge news comin within the next month.

Hippocrypto

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Quote from: ConnerDalfino on March 19, 2021, 02:54:51 AM

With the next wave of stimulus money on the way and the price fluctuating in the mid-to-high 50s for nearly a month, I just wanted to hear people's thoughts on the possibility of bitcoin touching $69K by 4/20.

There's no assurance that we would hit on that specific value in next month, what I am looking forward is the stabilized price. Predictions on above $60k was not yet feasible this time, because btc value kepts fluctuating and might collapse due to day traders. If we find it too easy to speculate last months progress, maybe this coming months would be difficult for all of us.

mich

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The price point of 69,000 per Bitcoin sounds really good for me by April 20.

Really wish all the Americans would start using their stimulus money to pump more into the Bitcoin market.

mk4

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Quote from: ConnerDalfino on March 19, 2021, 02:54:51 AM

$69K by 4/20.

69 and 420. Elon Musk, is that you?

Sorry, but where exactly did you get that exact price and date lol? Let me guess, probably a meme on Reddit/Twitter?

But to answer your question just increase this is 100% serious, a move from the peak of around $61,200 to $69,000 is just approximately 13% increase in 30 days. Knowing bitcoin, though I really won't bet on it, that's definitely nowhere near impossible.

Kong Hey Pakboy

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If that is what is going to happen I think that it is going down in history as a meme turned into reality and everyone should be posting "Nice" if that were to happen. We might be able to get to more than 69k, as @Yaunfitda stated the stimulus roll out does coincide with the increase in prices so maybe with the current stimulus rollout, we might see another pump in the prices.

Yaunfitda

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We really don't have the crystal ball to see what is the future.

So it's either we see $69k or not by 4/20.

As far as the stimulus package, you can check this link: https://www.bitcoinstimulus.net/

Quote

*This statistic is based on a $1200 bitcoin purchase on April 15th, 2020. Refresh the page to update.

And then this:

https://twitter.com/btc_archive/status/1369964886126657537?s=21

ConnerDalfino

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With the next wave of stimulus money on the way and the price fluctuating in the mid-to-high 50s for nearly a month, I just wanted to hear people's thoughts on the possibility of bitcoin touching $69K by 4/20.

Topic: By 4/20, the price of bitcoin had rising to $69,000? (Read 152 times)