May 13th, Bitcoin will surge to $70k or it will be dump?

TheEconomists

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Quote from: janggernaut on June 24, 2021, 07:37:37 AM

I agree to most of you guys. Market is uncertain, but that's the art of cryptoworld. Those who hoping bitcoin will end or got huge dump just either newbie or whales who waiting to buy on cheap price.

If history will repeat just like 2013 or 2017, bitcoin will be worthy more than $100,000 (if this repeated only)

Your submission remind me of happened in the year 2017 to the price Bitcoin was such an amazing and no one expected it but happened at the end we all saw Bitcoin reaching $20,000 for the first time in history. However, one should have at the back of his or her mind that those factors that influence the market price Bitcoin and crypto currency in general are not seen in recent time and that is why there is element of doubt if Bitcoin could hit $100k before end of this year.

janggernaut

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I agree to most of you guys. Market is uncertain, but that's the art of cryptoworld. Those who hoping bitcoin will end or got huge dump just either newbie or whales who waiting to buy on cheap price.

If history will repeat just like 2013 or 2017, bitcoin will be worthy more than $100,000 (if this repeated only)

bitterguy28

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Quote from: janggernaut on May 03, 2021, 12:44:46 AM

I know we already heard the rumor if Alibaba has bought $20billion in bitcoin. They will publish their unaudited Q1 2021 report on this May 13th,

Source : https://www.google.com/amp/s/zycrypto.com/alibaba-rumored-to-have-bought-20-billion-in-bitcoin-will-this-come-to-fruition/%3famp

What do you think? If this really true, remember what happened when TESLA announced they have invested $1.5billion in BTC?

Quote

USA: Tesla buys $1,5bn in Bitcoin. China: Alibaba, hold my beer.

It does not happened in May 13th but the price did not surge to 70k instead before the end of May we experience the dumping and up to now the value is dropping Bad.

I guess the market is enough in pumping and its time to drops down to the next bitcoin halving.

Obito

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Quote from: janggernaut on June 04, 2021, 02:16:22 AM

Well, didn't know it would be turned like this. When i created this thread, bitcoin was worth above $55,000 but now we are still struggling below $40,000. Idk of you guys have sold your coins or not, but i still Hodl until now. When May 13th, bitcoin also got dump huge dump because of TESLA stopped accept bitcoin as payment

This is actually a proof that the market is uncertain and that any numbers are just prediction that is being thrown out. Your thread isn't that any different with other people out there predicting the prices and also just hold on because if bitcoin is consistent, the prices will go up much higher in the future.

STT

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The 55 to 40k area is not that large, in terms of negative I would still expect a proper frightener which is more like 20k but that might only last 10 minutes Im not sure. This slow and steady pullback isnt that negative is my bones are telling me :p just my experience and I can be off but I think its quite a natural move to consolidate price action. Considering how massive the rise was thats fine.

Till we trade above this average I'll assume we have negative action still to play out, I dont take absolutes its just an attempt to keep track of how market is showing itself in near term strength vs weekly bars. This is the Jan range and we are challenging but possibly confirming below, I'll continue to observe that process ongoing.

inoes

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Quote from: tippytoes on June 23, 2021, 03:26:07 PM

Quote from: janggernaut on June 04, 2021, 02:16:22 AM

Well, didn't know it would be turned like this. When i created this thread, bitcoin was worth above $55,000 but now we are still struggling below $40,000. Idk of you guys have sold your coins or not, but i still Hodl until now. When May 13th, bitcoin also got dump huge dump because of TESLA stopped accept bitcoin as payment

No one knows what will happen exactly in the future, so that's fine. A lot of us thought that it may further increase but the opposite happened. Maybe, we are still in correction after reaching the ATH of about 64k with the influence of not so good news from China and the pullout of Tesla from btc payment. But it seems after going down to 29k, we are now back at 33k. More good news and maybe we will hit again the 40k mark. But definitely, it is not the end of btc as some newbies are asking if it is already the end of btc.

bitcoin will hit $70k or dump. well at first glance this looks like a prediction but actually it is certain. if for example it has reached 70K, will it jump to 140K? yeah sooner or later btc will also have a deep correction. this is natural because it's too much for btc to get fomo so people forget the correction.

tippytoes

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Quote from: janggernaut on June 04, 2021, 02:16:22 AM

Well, didn't know it would be turned like this. When i created this thread, bitcoin was worth above $55,000 but now we are still struggling below $40,000. Idk of you guys have sold your coins or not, but i still Hodl until now. When May 13th, bitcoin also got dump huge dump because of TESLA stopped accept bitcoin as payment

No one knows what will happen exactly in the future, so that's fine. A lot of us thought that it may further increase but the opposite happened. Maybe, we are still in correction after reaching the ATH of about 64k with the influence of not so good news from China and the pullout of Tesla from btc payment. But it seems after going down to 29k, we are now back at 33k. More good news and maybe we will hit again the 40k mark. But definitely, it is not the end of btc as some newbies are asking if it is already the end of btc.

lixer

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Quote from: lepbagong on June 23, 2021, 10:06:56 AM

beyond all expectations what is happening right now, but it is real that there has been a very deep correction due to the bad news that came together and caused bitcoin to decline even though the price was about to increase and was able to reach ATH $64,804.72 - Apr 14, 2021, but finally now have to go down and not happen to achieve the predicted goal.

This should not have happened if we did not respond with excessive measures because if it was done like that the market would be volatile and it was inevitable that there would be a decline. but bitcoin is used to experiencing this and will be able to gradually increase again, I'm sure your forecast will be passed when entering the end of this year.

I do not think that we are here just because we have over-corrected, we have come here because of technical stuff. What are those technical stuff? They are stuff like auto liquidations and stop losses and all that, some people did sell of course otherwise how could it go down but there were a ton of those automatic stuff as well, and do not forget trading bots, they all sold as well when they saw it going down and there are tons of them.

So "normal response" happened, and it wouldn't be this low now if it was just that, all those excessive came from automated stuff and that is why we are even lower. There is nothing wrong with it, it helps us going up so it is bound to hurt us when it goes down, we have to take crypto market with the bad if we like it when it is good and there is nothing wrong with that. Just let it be for now as it is and it will go up.

lepbagong

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Quote from: janggernaut on June 04, 2021, 02:16:22 AM

Well, didn't know it would be turned like this. When i created this thread, bitcoin was worth above $55,000 but now we are still struggling below $40,000. Idk of you guys have sold your coins or not, but i still Hodl until now. When May 13th, bitcoin also got dump huge dump because of TESLA stopped accept bitcoin as payment

beyond all expectations what is happening right now, but it is real that there has been a very deep correction due to the bad news that came together and caused bitcoin to decline even though the price was about to increase and was able to reach ATH $64,804.72 - Apr 14, 2021, but finally now have to go down and not happen to achieve the predicted goal.

This should not have happened if we did not respond with excessive measures because if it was done like that the market would be volatile and it was inevitable that there would be a decline. but bitcoin is used to experiencing this and will be able to gradually increase again, I'm sure your forecast will be passed when entering the end of this year.

janggernaut

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Well, didn't know it would be turned like this. When i created this thread, bitcoin was worth above $55,000 but now we are still struggling below $40,000. Idk of you guys have sold your coins or not, but i still Hodl until now. When May 13th, bitcoin also got dump huge dump because of TESLA stopped accept bitcoin as payment

7788bitcoin

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Quote from: ?? on ??

I, too, wonder how people believe all sorts of rumors and assumptions... You could have put any name instead of Alibaba, like Microsoft or Facebook! Exactly, Zuckerberg named his goat Bitcoin, I guess Facebook will invest in bitcoin! Grin

Although I'm sure that eventually all the big companies will have bitcoin and the price will be completely different!

What is the point of these big companies investing in Bitcoin, they will just create the hype and pump the market and they will dump just like how Tesla did. These sort of investment by big companies does not bring any good to the market, the only advantage is the sudden pump in a short period of time and there is nothing positive in the long run.

My idle situation would be, major companies accepting Bitcoin as a payment method and that gives me more satisfaction as a Bitcoiner rather than hearing about companies investing to pump and dump.

freedomgo

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Quote from: rahmatrf331 on May 15, 2021, 09:58:05 AM

Quote from: ?? on ??

In my opinion, a bitcoin dump could happen on May 13, because the S&P index is about to collapse... If that happens, we will have a correction in all markets!

As for Alibaba, somehow I don't believe in this news... Although Tesla also bought bitcoins much earlier than others found out about it... We'll see! Wink

Even though the news is true and think of what alibaba bought, it is not how much of the existing supply or it can be said that only a few percent were purchased. to be able to affect the movement of bitcoin is very slow.
but we can just assume, if the confidence of investors to buy in large quantities, there is likely a big breakthrough in the future, even though it is not a short time.

Alibaba could buy bitcoin now and later sold bitcoin, it's possible and it's not really something that we should hype out. Look, what did Elon did, first he announce that Tesla will be accepting bitcoin then later they made an announcement that Tesla will suspend accepting bitcoin, they are just playing us, using their influence to manipulate the market, be smart all the time.

rahmatrf331

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Quote from: ?? on ??

In my opinion, a bitcoin dump could happen on May 13, because the S&P index is about to collapse... If that happens, we will have a correction in all markets!

As for Alibaba, somehow I don't believe in this news... Although Tesla also bought bitcoins much earlier than others found out about it... We'll see! Wink

Even though the news is true and think of what alibaba bought, it is not how much of the existing supply or it can be said that only a few percent were purchased. to be able to affect the movement of bitcoin is very slow.
but we can just assume, if the confidence of investors to buy in large quantities, there is likely a big breakthrough in the future, even though it is not a short time.

Kong Hey Pakboy

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It's already 15th of May and nothing happened, the price did dump though which sort of a prediction gone right. We don't know when will it happen but I am sure that bitcoin is going to go to that price point but we just have to hodl and wait for it to happen.

acener

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BTC has been playing around $50K right now and I don't think that it would jump into $70K anytime soon.
We had experience a fall due to some negative news so I don't really think that we would be seeing it climb and make a new ATH again right now.
I think there would be a chance if Elon would tweet BTC and if it would have the same effect just like on Dogecoin.

slaman29

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Quote from: Jating on May 13, 2021, 06:04:15 AM

But probably his attack has some bad intention behind, to bring the market down so that he can enter and scoop cheap bitcoins, very clever Elon!!! So we are not going to $70k this day but ~$50k.

No I don't think Elon's an evil man so he has no bad intention. But he isn't a good man either. He just did this for pure profits, and for the feeling of knowing that his words have such a powerful effect on the entire crypto market.

He feels good about feeling powerful and about reminding others how powerful he is. That's not a bad intention, just selfish.

TheEconomists

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Hope you can now see that your prediction or speculation didn't come to fulfillment as we are about to enter 14th May 2021 and the price of Bitcoin is still bellow $52,000 as at the time of this post. We should not be too much optimistic about about our prediction because it mixed leading people to make a wrong investor decision.

Schnecke

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https://www.alibabagroup.com/en/news/press_pdf/p210513.pdf

Ctrl + F -> "Bitcoin" -> nothing.

tokeweed

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Wow... I’m really pretty impressed with how janggernaut hit the date right on the button. Lol. And this whole Elon thing about his negative comments on BTC mining stinks. I’m not sure what’s the play here but I’m pretty sure it’s not about his overall concern on the environment. Dunno... It just stinks.

philipma1957

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it slides along in same track for months on end.

46k to 64k up and down.

in april and may there have been 43 days and i think we closed over 50k either 39 or 40 of those 43 days.

Musk melon attacked BTC directly and we are still over 50k.

So buy cheap at 50k and hodl.

Topic: May 13th, Bitcoin will surge to $70k or it will be dump? (Read 1131 times)