Crypto Investors Rejoice As Bitcoin Price Surges Above $10,000

bithisach

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Quote from: qiwoman2 on July 27, 2020, 04:32:02 PM

After three years of a prolonged bear market it is good to see more money coming into Bitcoin now and also if you check the over all market cap for Crypto has also grown as well. In the last month or so over 50 billion entered the crypto markets and of course a lot of that now is going into Bitcoin, both from retail investors and speculators and also from big companies like Grayscale who are buying up all the new BTC being mined. I also believe this bull market will last for over a year and will run longer than the previous one.

Money didn't stop flowing into bitoin, price started going up for a plethora of reasons. I find interesting how will margin trading work these followinig days considering the big spike in price

yohananaomi

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Quote from: ?? on ??

If i was an investor who bought from 7k and saw the price going up to touch 11k before will be happy no doubt, this is that interest many people, everyone is happy about the price pump, it seems btc is ready for a bull run, before the attention was on eth, but now btc have taken over, dominating the market once again, I am hoping this time alts will follow up as well.

actually there is no certain amount to invest in bitcoin, indeed what the above partner said when buying at $ 7K would certainly now receive quite a lucrative profit. in fact if you look at this trend for 24 hours a few times bitcoin can break through $ 11K but it can't keep increasing and eventually it drops back around $ 10K.

if you look at this reality do not need to hesitate to continue to make bitcoin investments indeed now the capital required is quite large but the results to be received will also be very tempting, because it is certain bitcoin has begun to break away to keep moving to increase and it is not impossible that in the next few months it will reach $ 15K.

Bitstar_coin

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Especially those who got in at a very low price will be extremely happy about this sudden price pump, am a bit confuse right now what this is, are we in bull or this is a trap! Anyways, it is good to see some price movement after some time of quietness. Am sure this movement will attract new interest and probably bring in new investors, people are more willing to invest when the price is high.

kentrolla

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Some interesting stuff is going on BTC, hurry up guys it looks like the BTC is all set make a strong come back again 💪

I will consider this as bull run and there are more possiblities that the BTC price will reach 13k according to the latest price trend, similarly the alts will continue to follow the footsteps of BTC. Opportunity for investment is still open and short term will too benefit.

Yamifoud

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People deserve to be happy because of the current market surge and they are being paid off for waiting. But the bad thing is that people are so very optimistic and even that simple market surges we'd like to think Bullrun which is wrong...maybe I'm lucky that I'm not among them but I was also happy to see the market improvement from almost 3 months that we are stuck at $9k.

Quote from: Lucius on July 27, 2020, 11:39:49 AM

... I'm not against BTC start a new big bull run, but somehow it seems to me that this could only happen next year at the earliest, which does not mean that this year will not end very positively in terms of price.

One year after halving? I have to be patient either and thinking we gonna have this sentiment once again.

ultrloa

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Quote from: livingfree on July 28, 2020, 08:57:07 AM

Quote from: glowing10 on July 28, 2020, 05:42:24 AM

Quote from: ?? on ??

I'm securing myself a profit from part of my bitcoin portfolio. I can't miss this chance to sell even for a bit so that if the pullback comes, I can rebuy for myself or won't have any regrets that I didn't sold while it's been at the top.

We are rejoicing as we see $10,000, what if it goes double, triple or goes ten times?

If your targets keep achieving it then sell accordingly. You would have invested with a horizon and with a price level as well. So, do it accordingly so that you would not have to regret even if it reaches 15k in coming time as you met your goal and exited it. Greediness at times can lead to higher losses than profits like seen before as well.

I can't determine my targets but as long as my conscience tells me that it's a high price, I should sell. Thanks for that tip and I'll be doing that again for many times if this keeps on going.

But I prefer to see the slowly growth and sometimes a rapid increase like this, it's a very favorable move for bitcoin and I find it safer.

The best practice is to have the same mindset as yours since we would never know if we can see more higher price and it's really good to secure the possible profit we can get since for sure we can't afford to have a negative output when bad days came. I those rapid growth is happening right now since we see some great changes on the price as of today.

Slow death

legendary

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this title: " Crypto Investors Rejoice As Bitcoin Price Surges Above $10,000 "... it looks like it was something impossible to achieve. if we were talking about the price reaching $ 20,000 I would understand why people are very happy but we are still a long way from $ 20,000. I think it's too early to be happy. we will see in the next few days if the price will be able to remain above $ 10500 for a long time

Sanitough

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The entire crypto industry finally stopped panicking and breathed a sigh of relief.

Bitcoin was already stable before this big run, so I don't think there's a panic created before.
The panic happened last March this year when the price dip to $4,000 plus, but that was just quick because bitcoin slowly recovers until it was being stable.

Now, we break the big barriers, so people are rejoicing and I like to see the same scenario like before where there's a FOMO, and if bitcoin will pump again, it's possible we will witness it soon and we might end the year with another bull run, who knows.

What I'm expecting soon is a panic, panic buying to be specific.

livingfree

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Quote from: glowing10 on July 28, 2020, 05:42:24 AM

Quote from: ?? on ??

I'm securing myself a profit from part of my bitcoin portfolio. I can't miss this chance to sell even for a bit so that if the pullback comes, I can rebuy for myself or won't have any regrets that I didn't sold while it's been at the top.

We are rejoicing as we see $10,000, what if it goes double, triple or goes ten times?

If your targets keep achieving it then sell accordingly. You would have invested with a horizon and with a price level as well. So, do it accordingly so that you would not have to regret even if it reaches 15k in coming time as you met your goal and exited it. Greediness at times can lead to higher losses than profits like seen before as well.

I can't determine my targets but as long as my conscience tells me that it's a high price, I should sell. Thanks for that tip and I'll be doing that again for many times if this keeps on going.

But I prefer to see the slowly growth and sometimes a rapid increase like this, it's a very favorable move for bitcoin and I find it safer.

buwaytress

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Quote from: HeRetiK on July 27, 2020, 12:08:48 PM

Expect a pullback rather sooner than later. The big question is whether Bitcoin will manage to stay above 10k for good, if yes we're going to to be in for a good time. Not sure if I'd expect a new ATH before 2021 though. We still have a lot of resistance levels ahead and who knows what other surprises 2020 still holds in store.

If Ethereum is also prepping its moon rockets, all the better. Confidence in one pushes confidence in the other.

Looks like it could be happening as we speak. Of course, signs point toward this being a normal correction -- one that should have happened around 10300 instead of pushing on above 11k.

But yeah, after weeks (was it even months) of trolling, I guess we're all glad for any kind of movement. But as I'm mentioning in other posts, I'm strapped in for more 2020 bollocking first before (re)training my eyes on Bitcoin again.

Eugenar

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The bitcon inflation brings me happiness, after holding my asset for almost 2 months and now I earned a big profit because of waiting. The price of the bitcoin reaches $11,400 as the highest so far, lets see if this will still go up more than that. Many investors are now happy because of what is happening now, for sure they earned big profit because its a big movement for the bitcoin.

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Quote from: MCobian on July 28, 2020, 07:07:08 AM

Of course we are all very happy to see Bitcoin price surges above $ 10,000. Because Bitcoin prices increases have been waiting
by crypto community. Hopefully the current increase doesn't stop at $ 10,000. But it can continue to rise until all time high price,
we all fear a rise the price of Bitcoin does not last long and will drop back to $ 9,000. Hopefully this fear does not occur.

We already hit the $11k mark so that's really good news for all of us here. But be alert if you have money invested as we don't know how long or how far it will reach in the coming days. So you need to be conservative with your price estimation also. If you are already gaining profit, you need to decide how long you're going to keep your investments on the market.

MCobian

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Of course we are all very happy to see Bitcoin price surges above $ 10,000. Because Bitcoin prices increases have been waiting
by crypto community. Hopefully the current increase doesn't stop at $ 10,000. But it can continue to rise until all time high price,
we all fear a rise the price of Bitcoin does not last long and will drop back to $ 9,000. Hopefully this fear does not occur.

Oasisman

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Quote from: Mime on July 27, 2020, 10:27:46 AM

This is for the third time in 2020 that Bitcoin has managed to cross the $10,000 mark. However, every time it did so, the BTC price has seen a major pullback from those levels going back close to $9,000 levels.

major pullback? Do you consider that as a major pullback? $9,000 level is still a high price, the verge of accumulation phase, considering how the whole crypto market was struggling from the last 2 years.
IMO, that's not really major, unless It goes down below $7k or $6k.

Quote from: HeRetiK on July 27, 2020, 12:08:48 PM

Expect a pullback rather sooner than later. The big question is whether Bitcoin will manage to stay above 10k for good, if yes we're going to to be in for a good time. Not sure if I'd expect a new ATH before 2021 though. We still have a lot of resistance levels ahead and who knows what other surprises 2020 still holds in store.

That's the next good question after Btc broke the $10k curse. I'd rather be comfortable if Btc will hover around this current level as I'm not expecting any ATH this year.
Though It's a whole new different story if Btc drops to its worst form after this pump, because that means another opportunity to accumulate at a lower price.

Quote from: HeRetiK on July 27, 2020, 12:08:48 PM

If Ethereum is also prepping its moon rockets, all the better. Confidence in one pushes confidence in the other.

Chain reaction

Betwrong

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Quote from: Lucius on July 27, 2020, 11:39:49 AM

Quote from: Qcrypto on July 27, 2020, 10:30:09 AM

We are in the post-halving timeline. Prices only go up from here

If only it were that simple, but just a few months ago you could see Bitcoin share the same fate as stocks, oil or gold in the event of a global negative event - losing 50% of its value overnight seemed really ugly. It is maybe wrong to think that the price will go only up, and some are even talking about a new ATH this year - but the first two halvings did not have an instant impact on the price.

Don't get me wrong, I'm not against BTC start a new big bull run, but somehow it seems to me that this could only happen next year at the earliest, which does not mean that this year will not end very positively in terms of price.

I agree. If we presume that halving does affect the price of BTC, we should still understand that it may take 10 months and more for the effect. I personally think that the real daily supply and demand on the market is what affecting the price to such a degree that halving's effect(if any) can be considered insignificant.

gabbie2010

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Quote from: glowing10 on July 28, 2020, 05:42:24 AM

Quote from: ?? on ??

I'm securing myself a profit from part of my bitcoin portfolio. I can't miss this chance to sell even for a bit so that if the pullback comes, I can rebuy for myself or won't have any regrets that I didn't sold while it's been at the top.

We are rejoicing as we see $10,000, what if it goes double, triple or goes ten times?

If your targets keep achieving it then sell accordingly. You would have invested with a horizon and with a price level as well. So, do it accordingly so that you would not have to regret even if it reaches 15k in coming time as you met your goal and exited it. Greediness at times can lead to higher losses than profits like seen before as well.

Setting a take profit target is the best bet for now taking some of the profit to avoid any unnecessary risk while leaving the rest to run for a likely more pump while taking another profits however price is not a respecter of anybody the trend can turn bearish again just as it is unfolding now after reaching $11K as it is now the price is retracing to resistance turned support before heading north again .

glowing10

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Quote from: ?? on ??

I'm securing myself a profit from part of my bitcoin portfolio. I can't miss this chance to sell even for a bit so that if the pullback comes, I can rebuy for myself or won't have any regrets that I didn't sold while it's been at the top.

We are rejoicing as we see $10,000, what if it goes double, triple or goes ten times?

If your targets keep achieving it then sell accordingly. You would have invested with a horizon and with a price level as well. So, do it accordingly so that you would not have to regret even if it reaches 15k in coming time as you met your goal and exited it. Greediness at times can lead to higher losses than profits like seen before as well.

rodskee

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Quote from: DoubleEdgeEX on July 28, 2020, 02:40:30 AM

I was convinced that BTC has to bounce back to 7K or below to gain momentum there to eventually break the 10K barrier for good.

Good thing it didn't haven and the momentum is switching now
to a much stronger level.

Quote from: DoubleEdgeEX on July 28, 2020, 02:40:30 AM

I´m happy I was wrong! Couldn't believe it after the first breakout but as the price stayed above the 10K mark for longer than a5 minute candle it started to become real.

Based from how we see it right now bitcoin still bullish and manage
to keep on staying at the current level.

Quote from: DoubleEdgeEX on July 28, 2020, 02:40:30 AM

Bears are stopped out and I hope that 10K can now become a strong support level just as it was a strong resistance up till now

If so, it's a very good indication that bull are near to overcome this bear
and slowly go you again and reach another ATH.
Hopefully that will continue and this new strong barrier will not be over power
again by bears.

DoubleEdgeEX

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I wsas convinced that BTC has to bounce back to 7K or below to gain momentum there to eventually break the 10K barrier for good. I´m happy I was wrong! Coulnd´t believe it after the first breakout but as the price stayed above the 10K mark for longer than a5 minute candle it started to become real. Bears are stopped out and I hope that 10K can now become a strong support level just as it was a strong resistance up till now

pooya87

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it is actually bitcoin investors not crypto investors and most of them are actually unhappy about the rise because the "investors" at times like this are split into three groups,
- first are those who sold or hadn't bought and were waiting for a drastic drop so they could buy super-cheap bitcoins and are now witnessing their dreams crushed.
- second are those who have been accumulating during the "below resistance" times and now they can no longer buy cheap bitcoins and have to buy less with the same amount of fiat.
- and third which don't care are those who had their investment and were holding.

BTW it is only bitcoin investors because for the past 2 days that bitcoin has been rising, altcoins were dumping hard. any pumps you see like the ETH pump are from before the bitcoin price rise began.

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