Do you think the price of Bitcoin can exceed 10 thousand dollars at the present - page 5.

Naida_BR

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Quote from: imran101 on April 30, 2020, 06:07:44 AM

At a time when the world is in the throes of an epidemic and everyone's economy is in dire straits, I can't see any reason for the sudden rise in the price of Bitcoin. Do you think there is any reason for Bitcoin to go up so much?

we have a halving event in the near future.
When the price was around 7k I thought that the price is going to go a little bit down around 6k before going to the moon and reach 10k, but it didn't. I think that it is very possible to see 10k before the halving event and move around 17k after halving.

btc78

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Quote from: imran101 on April 30, 2020, 06:07:44 AM

At a time when the world is in the throes of an epidemic and everyone's economy is in dire straits, I can't see any reason for the sudden rise in the price of Bitcoin. Do you think there is any reason for Bitcoin to go up so much?

Don't look for those catastrophic scenarios instead look in the brighter sides,Yeah there are so many negative things inside crypto but this also happens outside this market so what?

The Investors are just looking for the small start and they will surely follow.we have had almost 10k price couple of days ago and now staying strong in 8,800$ price this is a good sign of Bullying so just don't close your eyes as there will be some good things coming.

exstasie

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Quote from: adaseb on May 02, 2020, 12:30:00 AM

I think there is a large retail market presence in the stock markets and crypto markets. People are buying everything like crazy because they worry about inflation. However markets can be irrational for a long time. But you need to realise that it doesnt make sense for DOW30 to make a record day when people are unemployed, it just doesn't make sense.

More than inflation worries, I think the markets have been pricing in the most optimistic recovery scenario: economy reopens soon (and infections somehow keep going down anyway), treatment gets found soon, vaccine found soon after that. Then magically all those jobs reappear in a V-shaped recovery. Irrational indeed!

The reactions to earnings reports this week was ominous. It seems like Q1 hasn't truly been priced in yet, let alone Q2. With volatility spiking up in stocks, I'm very curious to see what the markets have in store next week.

Wexnident

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$10k because of the recent run by BTC recently where it increased by around 15%? Nope. The market always follows a certain understanding that whenever a price goes up by way too much, a decrease would always follow. Just like how the price went up from $7.something to $9.4k, which is, in all honesty, a rare occurrence to happen in a 24h time span. BTC price goes up by a steady progress most of the time tbh, so a drop was rather expected. $10k would probably be reached by around end of the month or 2 perhaps. BTC needs quite some time to steady itself currently and then there's the problem of it trying to push forward.

adaseb

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Don't know why you are surprised it might hit $10K, we were at $10K fairly recently in February which wasn't that long ago. And we were like $500 away from hiting $10K. So yes its possible we might hit $10K soon however whether we stay above $10K is a different story.

I think there is a large retail market presence in the stock markets and crypto markets. People are buying everything like crazy because they worry about inflation. However markets can be irrational for a long time. But you need to realise that it doesnt make sense for DOW30 to make a record day when people are unemployed, it just doesn't make sense.

Hence just like in that "Big Short" movie, they were short however the markets still kept going up. The market stayed irrational for a long time before it finally popped. So this time the same thing can happen. I highly doubt that we will be in a V shaped recovery.

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Quote from: imran101 on April 30, 2020, 06:07:44 AM

At a time when the world is in the throes of an epidemic and everyone's economy is in dire straits, I can't see any reason for the sudden rise in the price of Bitcoin. Do you think there is any reason for Bitcoin to go up so much?

Because it has become a speculative asset, obviously FOMO prior the the halving. I think that's the reason why the price suddenly goes up in the last 2-3 days, unfortunately, it went on a 'healthy and minor' correction, so the rise has been broken already. So it's about 10 days before the halving, so chances are, bulls are going to push for that 5 digits again. So let's see how it goes, maybe some of the traders long position has been liquidated along the $9400 price, but we really can't tell as everyone is really trying to get inside before the halving.

bakasabo

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10 days till halving and I think that traders and bitcoin is squeezed like a lemon already. We managed to reach 9400 quickly and now we are facing the correction. Since Worlds economical situation keeps unstable I'm predicting that with current price we will enter bitcoins reward halving stage. According to growth graph Aprils seems to be the month when bitcoin price grow mostly. Since April is over, we will be in flat for next couple of months.

okala

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Bitcoin might get to $10,000 before the halving and that means by next week we should expect that to happen by next week. Bitcoin runout of bullish trend around $9483 before pullback below $9000 I think there is need for it to get close to 200ma on a daily chart before next steady up.

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Quote from: imran101 on April 30, 2020, 06:07:44 AM

At a time when the world is in the throes of an epidemic and everyone's economy is in dire straits, I can't see any reason for the sudden rise in the price of Bitcoin. Do you think there is any reason for Bitcoin to go up so much?

so many people sold the bottom in march---that was the capitulation of the bulls. after the low volume rise of the past 1.5 months, the same thing is now happening on the other side, with bears finally capitulating and buying back in.

nothing is impossible when it comes to bitcoin, but i'm skeptical it can keep rallying at this rate. the current fanfare is gonna be difficult to maintain once the halving is over and done with.

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Quote from: imran101 on April 30, 2020, 06:07:44 AM

At a time when the world is in the throes of an epidemic and everyone's economy is in dire straits, I can't see any reason for the sudden rise in the price of Bitcoin. Do you think there is any reason for Bitcoin to go up so much?

Everything can happen and we cant really precisely tell that covid situation does really have big impact towards crypto market.Just take a look into traditional markets which do still plummets but on crypto space we are still somewhat able to show some gains or price increase.We dont know on why it do happen which do oppose into the current economic problem.The thing here is that we should know on how to deal with up
and utilize these movements for your benefit. 10k dollar price isnt really just too far to reach out since we are almost hitting 9k atm and 1k usd movement is on reach but lets see on what would
happen on next days until the halving even happens or even after that.

pooya87

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it is perfectly natural to have a hard time believing in the rises right after a drop took place specially when that drop's size is big enough and is sudden enough to cause a lot of panic. basically this situation you are in is being repeated every couple of months. the biggest case that we had in recent times was the drop from $6k to $3k and people had a very hard time believing price is going up when it started breaking $4k then $5k, $6k,... and $13k before it sees a correction.

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Quote from: Lucius on April 30, 2020, 09:56:14 AM

It is obvious that the bulls have pulled strongly upwards, and that until halving the price is likely to rise, which means we can expect a green market in the next two weeks.

Im wanted to believe it will for the next two weeks. Market is simply rationale and open up for any direction either its gonna go up or down. I really thought it could surge until $10k on yesterday's rally but suddenly stopped and go down. The resistance tend to be weaker around $9k so we see a drastic result. Im sure many have gotten rekt thinking the long button will continue and possibly got rekt and liquidated. I almost put up order on Futures but good thing there is a gap in the charts and I foreseeen this drop.

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It is pretty possible for bitcoin to reach $10000 within the next few days, although the status of the hype in the market seemed to have subsided recently and we're now treading back to $8600 easily. A strong resistance @ $9500 appeared to have slowed down the momentum of the bulls for a while and we're now down to where we're at a day prior to all of these events. Given the economic condition of the world currently, I'd say that the appreciation bitcoin saw is really impressive and notable to say the least. $10000 is possible, and it might be looming around knowing how easy the then $7500 barrier was eaten earlier this day by the bulls.

Lucius

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It can happen at any moment, $1000 up or down in 24 hours is something quite normal these days, just as it was in 2016 when we see $100 up and down before and after halving. It is obvious that the bulls have pulled strongly upwards, and that until halving the price is likely to rise, which means we can expect a green market in the next two weeks.

Let no one take this as financial advice, but I wouldn't be at all surprised to see much more than $10k before halving, because, after all, that number is one big psychological level to which many will react, and above all I mean the media. The world needs positive stories, and BTC can definitely be one of them.

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I am sure bitcoin will exceed $10k, but if you ask when it will happen, then nobody will know the time because bitcoin can increase to the highest price anytime. Like what we saw from a few days ago, bitcoin start to rally, and I see that before bitcoin price can hit $8,700, the price seems to make a little rally and stop in a level price for a while, and then the price start to the next rally, and finally, yesterday is the moment for bitcoin to increase and break $9,000. Perhaps, bitcoin will exceed $10k in the next month before the halving or after the halving because I think with the reducing of the reward for the miner, that can impact the bitcoin price to increase so high.

So we need to have bitcoin more and more by buying at the market, but don't forget to analyze before you buy so you can buy bitcoin at a low price. Meanwhile, right now, bitcoin at a low price so you can use this time to buy bitcoin or you can wait for more to buy at a lower price.

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Quote from: imran101 on April 30, 2020, 06:07:44 AM

At a time when the world is in the throes of an epidemic and everyone's economy is in dire straits, I can't see any reason for the sudden rise in the price of Bitcoin. Do you think there is any reason for Bitcoin to go up so much?

How do you see reasons for Tesla shares to be so close to its ATH in time when the world is in the throes of an epidemic and everyone's economy is in dire straits?

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Quote from: imran101 on April 30, 2020, 06:07:44 AM

At a time when the world is in the throes of an epidemic and everyone's economy is in dire straits, I can't see any reason for the sudden rise in the price of Bitcoin. Do you think there is any reason for Bitcoin to go up so much?

Possibly. If you watched closely the market today. It almost reaches near 9400 but suddenly halt and go down to 8800. Of course you cant totally filled in the gaps and just run all the way. There is always a set back to it. Even me, just got scared of what happened few hours ago. The movement is really fascinating. The reason could be the sole hype of halving, and everyone talking about it even now. The bullish effect could be seen closely during next month but Im thinking there will be a huge fall back cause its always be like that.

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Quote from: imran101 on April 30, 2020, 06:07:44 AM

At a time when the world is in the throes of an epidemic and everyone's economy is in dire straits, I can't see any reason for the sudden rise in the price of Bitcoin. Do you think there is any reason for Bitcoin to go up so much?

Let us don't think about any reason for bitcoin to go up so much because that will be difficult to know the real reason. It is better to enjoy the moment of bitcoin increases so we can sell the bitcoin we have to make a profit. If you only search for the reason, your time will be spent to search for the news, and you might miss something in the market. But maybe the reason for bitcoin to go up is the halving moment that will happen in the next month so many people think that the price will be at the very highest price. But let see what will happen later Wink

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Quote from: imran101 on April 30, 2020, 06:07:44 AM

At a time when the world is in the throes of an epidemic and everyone's economy is in dire straits, I can't see any reason for the sudden rise in the price of Bitcoin. Do you think there is any reason for Bitcoin to go up so much?

The halving is definitely a reason. Then there was speculation about US citizens using their 1200$ dole-outs for this. Its amazing how US Govt is unable to figure out who needs how much and just prints dollars and sends it out. Another disaster in the making maybe.

Bitcoin is a worldwide movement now. A social phenomena. People everywhere are willing to put an effort to obtain more of it, either through businesses, investing or mining. More people also realize that its not just some "commodity". Its the latest version of money. Pandemic and recessions will come and go but money will stay, the internet will stay, p2p will stay. Those are all solid reasons for people to hold bitcoin as a a hedge to the fiat risk that has historically been considered natural.

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Its the halving event op and the price hasn't really increased that much(Just a $2000 bump) because many people including me are expecting BTC to reach $15K thanks to this event despite the current COVID situation.

We are just a couple of days away from this landmark event. Just imagine how high BTC could rally on that particular day. This is why many investors are basically buying and HODLING at the moment.

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