New all time high record | $66,000 - page 3.

SquallLeonhart

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Quote from: BuNga_cute on November 06, 2021, 04:15:45 AM

I'm very happy that Bitcoin continues to create another new ATH, meaning that the demand for Bitcoin continues to increase towards the end of the year. I'm one of those people who hold Bitcoin until the Bitcoin price reaches $100k, because my sell target is at $100k and I believe Bitcoin will reach $100k by the end of this year. So for now I focus on collecting as much Bitcoin as possible.

I believe the main reason for that is the slowing down and EVERYONE being in profit. Even if you bought at the previous ATH, then with a new one you are in profit, and anyone who bought beforehand is in profit as well, it is the peak price that makes everyone profit. This is why I believe that we should not be shocked to see price going down after that because everyone could sell and take a profit at that level.

It is definitely something that I would love to see more often, let it crash after each ATH, as long as we reach a new ATH then what happens afterwards is fine, it is a penalty for making so much profit basically. This will go on forever, each time we get a new high, we will get a correction.

BuNga_cute

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Quote from: TravelMug on November 05, 2021, 10:06:05 PM

Quote from: asrinur on November 04, 2021, 01:08:21 AM

Indeed Bitcoin just hit an all-time high a week ago, although after that it experienced a slight decline in price that triggered panic selling. However, the surge in bitcoin prices will continue, even many experts predict that the bitcoin price will reach $100k by the end of 2021. Therefore, let's see how far the bitcoin bullish trend continues. Moreover, the trend of increasing bitcoin prices this year is different from the previous year. More innovation, more regulation, more big companies involved.

No, I'm not thinking a panic sell, it's that the psychological behind it, when getting a new all time high, people are thinking of their profits, so obviously, they have to sell and then go on the next best strategy. Buy when the price goes down again. So there's nothing wrong with it. But for those who didn't sell, then we need to wait for the market to FOMO again and push the price to at least $70k this month. Yes, bitcoin's narrative have change since 2017, now there are more source of money.

Every time Bitcoin reaches new ATH, there will definitely be a correction after it, that's because many people take profit. But there are some people
who are indeed long-term investments in Bitcoin or there are those who decide to hold Bitcoin until their target is achieved. So not everyone sells
their Bitcoins when Bitcoin hit new ATH, that's the reason why Bitcoin prices don't drop too deep in price. Very different from what happened in 2017,
when the price of Bitcoin fell very deeply. I'm very happy that Bitcoin continues to create another new ATH, meaning that the demand for Bitcoin
continues to increase towards the end of the year. I'm one of those people who hold Bitcoin until the Bitcoin price reaches $100k, because my sell
target is at $100k and I believe Bitcoin will reach $100k by the end of this year. So for now I focus on collecting as much Bitcoin as possible.

TravelMug

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Quote from: asrinur on November 04, 2021, 01:08:21 AM

Indeed Bitcoin just hit an all-time high a week ago, although after that it experienced a slight decline in price that triggered panic selling. However, the surge in bitcoin prices will continue, even many experts predict that the bitcoin price will reach $100k by the end of 2021. Therefore, let's see how far the bitcoin bullish trend continues. Moreover, the trend of increasing bitcoin prices this year is different from the previous year. More innovation, more regulation, more big companies involved.

No, I'm not thinking a panic sell, it's that the psychological behind it, when getting a new all time high, people are thinking of their profits, so obviously, they have to sell and then go on the next best strategy. Buy when the price goes down again. So there's nothing wrong with it. But for those who didn't sell, then we need to wait for the market to FOMO again and push the price to at least $70k this month. Yes, bitcoin's narrative have change since 2017, now there are more source of money.

asrinur

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Indeed Bitcoin just hit an all-time high a week ago, although after that it experienced a slight decline in price that triggered panic selling. However, the surge in bitcoin prices will continue, even many experts predict that the bitcoin price will reach $100k by the end of 2021. Therefore, let's see how far the bitcoin bullish trend continues. Moreover, the trend of increasing bitcoin prices this year is different from the previous year. More innovation, more regulation, more big companies involved.

FanEagle

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Quote from: bitgolden on October 30, 2021, 11:02:13 AM

Listing of bitcoin ETF in live market must be another big event to trigger FOMO among crypto community. So, we are really have enough agenda on the cart to have bulls busier. Let's hope for better days to arrive so that we may land into $400k levels before bears wake up.

Yes, there are lots of positive news are happening related to crypto space which will certainly get bitcoin to continue its bull rally. Today we have significant rise in bitcoin market after some financial expert warned about investing with Shibu Inc. In some sense, I feel like if we do not have this much altcoins then probably we would have been trading into some very big price levels by this time. Because, when bitcoin SV was forked bitcoin got a big negative impact by December 2018 and most exchanges started delisting it, bitcoin suddenly showed a bullish movement by mid of 2019.

So, I guess if all the money inflow will be getting into bitcoin means then we might be having always bullish trend without allowing bears to dominate but unfortunately in a decentralized environment we cannot do anything like that. So, we need to have enough patience so that we may enjoy slow and steady progress of bitcoin markets.

poldanmig

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Quote from: ?? on ??

For those who have thought for a long time that they have lost by trading Bitcoin, the last few days have been a good one due to ATH. The day Bitcoin's highest price rose. I think every investor has succeeded that day. We are going to see one another ATH with in few days that can over $70000.

Now the bitcoin price has reached $63K and only needs about $5.5K again to be able to penetrate the highs that were created a few weeks ago, I think if bitcoin can continue to be stable condition, it certainly doesn't rule out the possibility that ATH $70K can be created later this month or maybe the end of this year, now with many large institutions and also several countries adopting bitcoin will certainly make the price go up and bitcoin will continue to create new ATH.

Rabi3

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Quote from: btc_angela on November 01, 2021, 04:59:32 PM

Quote from: ?? on ??

For those who have thought for a long time that they have lost by trading Bitcoin, the last few days have been a good one due to ATH. The day Bitcoin's highest price rose. I think every investor has succeeded that day. We are going to see one another ATH with in few days that can over $70000.

It didn't rose, on the contrary, it's been trading on the sideways, I think I saw it reaching $62k but the it is in the mids $60k so that's very volatile. You don't put your lost on trading bitcoin on the ATH, you should trade cautiously. But I would tend to agree that maybe this November will be super bullish again like October. Just give even time for the market and then we will see it jumping to $70k or even higher this month.

Just give it some time, that's what I was gonna say when I started reading you reply, I wasn't expecting the price to jump right away, the fact that it reached $66k after all what happened before is pretty impressive, I really do believe and hope that it's only going up from here in the rest of 2021, fingers crossed.

btc_angela

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Quote from: ?? on ??

For those who have thought for a long time that they have lost by trading Bitcoin, the last few days have been a good one due to ATH. The day Bitcoin's highest price rose. I think every investor has succeeded that day. We are going to see one another ATH with in few days that can over $70000.

It didn't rose, on the contrary, it's been trading on the sideways, I think I saw it reaching $62k but the it is in the mids $60k so that's very volatile. You don't put your lost on trading bitcoin on the ATH, you should trade cautiously. But I would tend to agree that maybe this November will be super bullish again like October. Just give even time for the market and then we will see it jumping to $70k or even higher this month.

Fredomago

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Quote from: Ziskinberg on October 31, 2021, 08:33:14 AM

Quote from: bengsabeng on October 31, 2021, 03:08:18 AM

Quote from: Lubang Bawah on October 28, 2021, 08:54:15 AM

According to the predictions of many experts that october is a warm-up for the market to skyrocket in december, and it is proven that new ATH $68k can be achieved a few days ago, although it had dropped but now the market is back to the level of $60 up and i'm sure the positive trend will continue in the year this until the price can reach at least $90k.

indeed many say if the price spike some time ago was a warm-up before bitcoin reached a much higher ATH. The statement is quite reasonable because after the bitcoin price broke through ATH the bitcoin price only experienced a slight correction. the positive trend is still not over and I believe the bitcoin price will recover soon and the price will move up again.

Forget about that slight correction, what's important is the news that resulted in a new ATH.

There's more to expect on bitcoin as we have a lot of good news this year, the ETF approval and other major financial institutions beginning to adopt with bitcoin, that could potentially lead to more bullish price and we could see more this year, so sit tight, continue to accumulate and wait for the next big bull run.

Better to look for this side instead of worrying that much. Correction, though, is a good opportunity to buy more. If you believe that Bitcoin still have a lot to offer, buying portions by portion whatever the market is bringing is a good way to collect more assets, and when the time comes when you are already satisfied with the profits that you are seeing from your wallet, it's best to collect and harvest the fruit of your success,

Like what you have said, sit back and relax let Bitcoin works and keep your money on its passive position. Roll Eyes

You have to stay being patience if you wish to maximize the full potentials of this investment.

Ziskinberg

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Quote from: bengsabeng on October 31, 2021, 03:08:18 AM

Quote from: Lubang Bawah on October 28, 2021, 08:54:15 AM

According to the predictions of many experts that october is a warm-up for the market to skyrocket in december, and it is proven that new ATH $68k can be achieved a few days ago, although it had dropped but now the market is back to the level of $60 up and i'm sure the positive trend will continue in the year this until the price can reach at least $90k.

indeed many say if the price spike some time ago was a warm-up before bitcoin reached a much higher ATH. The statement is quite reasonable because after the bitcoin price broke through ATH the bitcoin price only experienced a slight correction. the positive trend is still not over and I believe the bitcoin price will recover soon and the price will move up again.

Forget about that slight correction, what's important is the news that resulted in a new ATH.

There's more to expect on bitcoin as we have a lot of good news this year, the ETF approval and other major financial institutions beginning to adopt with bitcoin, that could potentially lead to more bullish price and we could see more this year, so sit tight, continue to accumulate and wait for the next big bull run.

bengsabeng

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Quote from: Lubang Bawah on October 28, 2021, 08:54:15 AM

According to the predictions of many experts that october is a warm-up for the market to skyrocket in december, and it is proven that new ATH $68k can be achieved a few days ago, although it had dropped but now the market is back to the level of $60 up and i'm sure the positive trend will continue in the year this until the price can reach at least $90k.

indeed many say if the price spike some time ago was a warm-up before bitcoin reached a much higher ATH. The statement is quite reasonable because after the bitcoin price broke through ATH the bitcoin price only experienced a slight correction. the positive trend is still not over and I believe the bitcoin price will recover soon and the price will move up again.

Wawa2013

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Quote from: DoublerHunter on October 30, 2021, 04:37:34 PM

Quote from: mirakal on October 30, 2021, 04:05:05 PM

Quote from: bitgolden on October 30, 2021, 11:02:13 AM

Listing of bitcoin ETF in live market must be another big event to trigger FOMO among crypto community. So, we are really have enough agenda on the cart to have bulls busier. Let's hope for better days to arrive so that we may land into $400k levels before bears wake up.

The Bull market might extend a bit but $400k per bitcoin is just a huge target, I believe we will not likely reach that level before the bear market starts. Just imagine where we start, the last ATH was around $20k before a long bear market, so if it's $20k to $400k, that 20 times folds of the previous ATH.

^ That is impossible, I hate guessing without a proper source and the reason why the price hit that amount level. BTC price was even struggling to reach $100k and probably we will reach that level but I don't think when it will happen. I believe that there is no bear market and as I see, we are not in the hype, we have real investors, from a single individual to constitutional investors which is adopting BTC and making it a legal tender in some places. For now, it is probably good if we are aiming at $100k than the $400k price prediction.

Actually, everyone is free to predict the price of Bitcoin according to their own analysis. But even in predicting the price of Bitcoin, it should be
realistic, so that each target we set has a greater chance of being achieved. If we set unrealistic targets too often, eventually we will get
tired of investing in Bitcoin and maybe there is a possibility we can stop investing in Bitcoin. But if the target we set can finally be achieved,
it will motivate us even more to invest in Bitcoin. Moreover, the increase in Bitcoin this year in my opinion is healthier than the increase in Bitcoin
in 2017. As you said this year more real investors joined, so Bitcoin fundamentals are getting stronger and if Bitcoin price falls it won't be too deep.
Chances are this year we won't see the price of Bitcoin fall below $20k. I am also a person who predicts the price of Bitcoin will reach $100k
this year, and I think the chance for Bitcoin to reach $100k is quite large. So the target of $100k is a realistic target to achieve.

barbara44

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Quote from: TravelMug on October 30, 2021, 02:50:32 AM

We've seen these ETF and it really push the price, but after that the trading volume goes down hard and so is the price. And we have been reaching new ATH without these ETF's so I guess this is just another hype in the market. And it really looks like artificial pump.

As compare to Taproot proposal which is real solid in my opinion. Remember when we have Segwit in November 2017? It was also a catalyst for the massive bull run down in December. So I think we will have the same effect if history repeats itself again.

That ended up with a crash later on as well, proving that segwit was an artificial increase as much as what we are seeing with the ETF. Crypto doesn't really have "artificial pump" by nature because it doesn't have an exact number that it "should be", it is whatever we say it is and if we are saying that it is a huge price at one day then it is a huge price, it is not a pump, it is the price that we decided for that day.

I believe doge and shiba and all those memecoins should worth zero because they have zero reason to be high, but look at where they are right now. What makes sense doesn't matter in crypto, it doesn't need to be logical or reasonable to go up and stay there, it just needs a good hype. Bitcoin ETF increasing the price is fine, taproot increasing will be fine too, we may end up with a huge crash after each, doesn't matter because volatility is another part of its nature as well.

DoublerHunter

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Quote from: mirakal on October 30, 2021, 04:05:05 PM

Quote from: bitgolden on October 30, 2021, 11:02:13 AM

Listing of bitcoin ETF in live market must be another big event to trigger FOMO among crypto community. So, we are really have enough agenda on the cart to have bulls busier. Let's hope for better days to arrive so that we may land into $400k levels before bears wake up.

The Bull market might extend a bit but $400k per bitcoin is just a huge target, I believe we will not likely reach that level before the bear market starts. Just imagine where we start, the last ATH was around $20k before a long bear market, so if it's $20k to $400k, that 20 times folds of the previous ATH.

^ That is impossible, I hate guessing without a proper source and the reason why the price hit that amount level. BTC price was even struggling to reach $100k and probably we will reach that level but I don't think when it will happen. I believe that there is no bear market and as I see, we are not in the hype, we have real investors, from a single individual to constitutional investors which is adopting BTC and making it a legal tender in some places. For now, it is probably good if we are aiming at $100k than the $400k price prediction.

mirakal

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Quote from: bitgolden on October 30, 2021, 11:02:13 AM

Listing of bitcoin ETF in live market must be another big event to trigger FOMO among crypto community. So, we are really have enough agenda on the cart to have bulls busier. Let's hope for better days to arrive so that we may land into $400k levels before bears wake up.

The Bull market might extend a bit but $400k per bitcoin is just a huge target, I believe we will not likely reach that level before the bear market starts. Just imagine where we start, the last ATH was around $20k before a long bear market, so if it's $20k to $400k, that 20 times folds of the previous ATH.

bitgolden

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Quote from: kotajikikox on October 30, 2021, 06:33:33 AM

Where did you get that 68k USD ATH? do you have your own Market analyzation ? the recent Run is 66k and not 68k .

Some country's premium prices are like that hence it is possible for bitcoin to be trading around $68k levels too.
Right now, my local exchange is showing $62.2k whereas preev rate is only $61.4k.

Quote from: 7788bitcoin on October 29, 2021, 06:58:31 PM

I doubt Taproot will be the major driving force for the next two months but i am expecting some sort of ETF approval or something like that gimmick so that the price would rally

Please better recall the times of activation of segwit by 2017 August. Yeah, this Taproot event is not that much impactful event in bitcoin ecosystem still I guess it is scheduled in the following year of 3rd halving for some reason. So, there are enough possibilities to experience the full swing of current bull rally after that upgrade, who knows?

Listing of bitcoin ETF in live market must be another big event to trigger FOMO among crypto community. So, we are really have enough agenda on the cart to have bulls busier. Let's hope for better days to arrive so that we may land into $400k levels before bears wake up.

kotajikikox

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Quote from: Lubang Bawah on October 28, 2021, 08:54:15 AM

According to the predictions of many experts that october is a warm-up for the market to skyrocket in december, and it is proven that new ATH $68k can be achieved a few days ago,

Where did you get that 68k USD ATH? do you have your own Market analyzation ? the recent Run is 66k and not 68k .

Quote

although it had dropped but now the market is back to the level of $60 up and i'm sure the positive trend will continue in the year this until the price can reach at least $90k.

90 from what? do you adding amount for that 90k to achieve ? if not then don't expect that much and you are not investing any amount to bring the climb in reality.

TravelMug

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Quote from: 7788bitcoin on October 29, 2021, 06:58:31 PM

Quote from: Baofeng on October 29, 2021, 06:28:17 PM

~
In November we still have Taproot, so that alone will be enough catalyst to move forward with the bullish sentiments. Nearing end of the month, price pegged at $62k, that's is very good enough for everyone. S2F points that this month will be around $63k so that's around the target.

I doubt Taproot will be the major driving force for the next two months but i am expecting some sort of ETF approval or something like that gimmick so that the price would rally and the reason is that no one cares or thinks about the technical aspect of Bitcoin who are investing in it, all they want is hype and some big news splash so that the institutional investors will pump them Cheesy

.

We've seen these ETF and it really push the price, but after that the trading volume goes down hard and so is the price. And we have been reaching new ATH without these ETF's so I guess this is just another hype in the market. And it really looks like artificial pump.

As compare to Taproot proposal which is real solid in my opinion. Remember when we have Segwit in November 2017? It was also a catalyst for the massive bull run down in December. So I think we will have the same effect if history repeats itself again.

7788bitcoin

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Quote from: Baofeng on October 29, 2021, 06:28:17 PM

~
In November we still have Taproot, so that alone will be enough catalyst to move forward with the bullish sentiments. Nearing end of the month, price pegged at $62k, that's is very good enough for everyone. S2F points that this month will be around $63k so that's around the target.

I doubt Taproot will be the major driving force for the next two months but i am expecting some sort of ETF approval or something like that gimmick so that the price would rally and the reason is that no one cares or thinks about the technical aspect of Bitcoin who are investing in it, all they want is hype and some big news splash so that the institutional investors will pump them Cheesy

.

Baofeng

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Quote from: Yaunfitda on October 26, 2021, 06:04:18 PM

Quote from: Baofeng on October 26, 2021, 01:32:19 PM

Quote from: STT on October 25, 2021, 06:48:19 PM

Its barely pulled back in the wider picture, just the first fib level was where we got to. No greater test below that occurred though it would have been reasonable. The rise over the last 24hr was above the 12hr average almost the whole time, very fast action and we got to say BTC remains bullish showing no real signs of negative action only a slow after climbing consistently.
Positive outlook remains while we maintain above 62.5k which is the weekly average. If we were to fall especially I think we get some repeated warnings on that but cant conclude that from current action.

We're barely in the $62.5 levels, but this is still good in my opinion. If we can maintain or at least push the price to $63k at the end of the month, it's still a good indication that we can still continue this bull run in the next two months.

So there's no slowing down, maybe just some minor pull back and correction and then we will continue to march on in December for that 6 digits.

And surprisingly again, the price dip to $60k from $62,500 in just matter of hours. Not sure what the cause, but it seems some speculators are shifting again to some altcoins to squeeze some profits.

You spoke to soon as the price had a good bounce to $62k++ after two days. So maybe as you have speculated, the altcoin investors goes back to bitcoin again after getting profits to some meme coins.

Quote from: Yaunfitda on October 26, 2021, 06:04:18 PM

But yet, I would say that we are still very much bullish although the price goes down again. And as we are nearing the end of the month, we might be going on the $60k-$62k side ways pattern. It's not that bad after hitting a new all time high. November will still be a good month for all of us.

In November we still have Taproot, so that alone will be enough catalyst to move forward with the bullish sentiments. Nearing end of the month, price pegged at $62k, that's is very good enough for everyone. S2F points that this month will be around $63k so that's around the target.

Topic: New all time high record | $66,000 - page 3. (Read 969 times)