So, bitcoin already crossed $26k, and it's the new ATH now.
What @The Pharmacist worries can happen is make sense because bitcoin already makes a new ATH, but let's hope that it is not happening in the next year, but the bitcoin price will still increase.
Otherwise, we will see another bloody drama like 2017-2018 which can trigger the price to go down for more.
But with the halving already happened, I am not sure that the next year can be almost the same as 2017-2018, but we still need to be careful, just in case if bad things come to bitcoin.
Topic: Oh BTC crossed 25k - page 2. (Read 411 times)
BTC is rapidly moving up and broke 25k mark for first time in history,
just woke up and was surprised to see that bitcoin price took a big leap from $25k and reached $27.5k in one day, set a new ath at $27,7k so far.
bitcoin achievement has exceeded expectations, we thought bitcoin would not have time to reach this point in this year and it turns out that the market continues to move in a direction that many people doubt. Yes, many said bitcoin can't reach $25k by the end of the year, let alone $27k, but now the next target should be $30k, who knows if bitcoin still be able to reach that goal in the next 4 days.
BTC is rapidly moving up and broke 25k mark for first time in history, whenever the price of BTC pumps more than a month it triples for sure. As long as money continues entering the market at this price and holder's who Don't want to sell their btc then automatically price will go up more quickly than it did in the past, these positive trend's say BTC is all set to make a massive record this time.
It keeps setting new records and who knows there's a big pump coming and Bitcoin will end up in $28k level things are looking good if there are no problems that come and everything goes smooth in 2021 we could possibly have $50000 next year, this is a dream of a lifetime for those who bought last March and still holding.
This has always been an inevitable characteristics of all prices over the ATH (ie. anything bigger than $20k), people don't have any weird targets for their panic sells anymore so the increasing demand no longer has any kind of strong resistance against it so price keeps rising easier than before.
Bitcoin to climb as high as $500k before settling around $250k.
The dump as it happened in 2017 cannot happen
These 2 are contradictory. The "dump" in 2017 (which actually happened in final days and continued in 2018) will be repeated just as you said in first line, AFTER price reaches a similar bubble. Until then we will see many corrections with constant rising. The dump as it happened in 2017 cannot happen
Bitcoin will easily surpass $100k. They are estimating Bitcoin to climb as high as $500k before settling around $250k.
Anyone selling now should know that they are just handing it over to PayPal or Square (as well as various funds) who will sell it right back to them in the future.
The dump as it happened in 2017 cannot happen because PayPal and Square alone are buying up all the Bitcoin being mined out. The rest of the players are the ones who are responsible for the price rise. These Bitcoins are going into long term funds and will never come out anytime soon.
Anyone selling now should know that they are just handing it over to PayPal or Square (as well as various funds) who will sell it right back to them in the future.
The dump as it happened in 2017 cannot happen because PayPal and Square alone are buying up all the Bitcoin being mined out. The rest of the players are the ones who are responsible for the price rise. These Bitcoins are going into long term funds and will never come out anytime soon.
full member
Activity: 1414
Merit: 129
The first decentralized crypto betting platform
[snip]
whenever the price of BTC pumps more than a month it triples for sure.
whenever the price of BTC pumps more than a month it triples for sure.
Too much true,, already we are going towards 30k. look at the crypto dominance ratio, more than 70% market capitalization of average crypto market is dominated by Bitcoin and till now we are growing.. Now we are stronger than 2017 and much better position on bitcoin adoption than previous. So, There is no tendency or possibility for the 2017 dump to be repeated.
Already hit $26k and nearing $27k haha.
It's on $26560 already upon writing this and it seems that there's a chance of reaching $30k next year. I would be surprised if it would literally breaks another resistance beyond $30k next year since most people are expecting a $50k to $100k new ATH. If it would manage to stay at this level there's a big chances that next year is beyond bullish for Bitcoin.
Let's continue hodling and sell some if you wish to gain from your Bitcoin but don't dump because BTC is just starting to get some momentum to break another ATH next year.
Let's continue hodling and sell some if you wish to gain from your Bitcoin but don't dump because BTC is just starting to get some momentum to break another ATH next year.
I'm really surprised that we hit more than $26k already and we are still few days before this year ends. $30k is really possible to happen. And if these financial institutions will continue to buy btc, even at this current price, then, btc price will indeed have a bullish run. But we should be careful as it may fall down again.
It's on $26560 already upon writing this and it seems that there's a chance of reaching $30k next year. I would be surprised if it would literally breaks another resistance beyond $30k next year since most people are expecting a $50k to $100k new ATH. If it would manage to stay at this level there's a big chances that next year is beyond bullish for Bitcoin.
Let's continue hodling and sell some if you wish to gain from your Bitcoin but don't dump because BTC is just starting to get some momentum to break another ATH next year.
Let's continue hodling and sell some if you wish to gain from your Bitcoin but don't dump because BTC is just starting to get some momentum to break another ATH next year.
Back in April, I was absolutely certain bitcoin wouldn't achieve another ATH this year (because of COVID-19, of course). Before all that chaos broke out, I was expecting it to be at least a good year for bitcoin, and now I'm blown away that a single bitcoin is going for over $25k. Amazing.
I have a feeling that the price rise had a lot to do with corporations buying huge amounts of bitcoin, and I recently made a post about that in a thread discussing exactly who bought what number of bitcoins. At the very least, it couldn't have hurt the market and I can't think of a better reason than a bunch of companies with very deep pockets snapping up BTC to account for its new ATH.
Now I'm just hoping this price level will hold for a while. No doubt this market has sucked in a lot of speculators who get in and out of the market quickly and don't intend to hold bitcoin for the long term. All it would take for bitcoin to crash would be for a chain reaction of selling orders to happen in sufficient volume--and I'd really like 2021 to not be a repeat of 2017. Keeping my fingers crossed on that.
I have a feeling that the price rise had a lot to do with corporations buying huge amounts of bitcoin, and I recently made a post about that in a thread discussing exactly who bought what number of bitcoins. At the very least, it couldn't have hurt the market and I can't think of a better reason than a bunch of companies with very deep pockets snapping up BTC to account for its new ATH.
Now I'm just hoping this price level will hold for a while. No doubt this market has sucked in a lot of speculators who get in and out of the market quickly and don't intend to hold bitcoin for the long term. All it would take for bitcoin to crash would be for a chain reaction of selling orders to happen in sufficient volume--and I'd really like 2021 to not be a repeat of 2017. Keeping my fingers crossed on that.
BTC is rapidly moving up and broke 25k mark for first time in history, whenever the price of BTC pumps more than a month it triples for sure. As long as money continues entering the market at this price and holder's who Don't want to sell their btc then automatically price will go up more quickly than it did in the past, these positive trend's say BTC is all set to make a massive record this time.
We did even hit up 26k price and we've reached a new ATH.It wont be something new if bitcoin would able to hit up 30k for this year if this run would continue even though
how bullish or good the market is, as a trader or investor you should always consider on taking up profits into these times or when you are in gains.
Dont wait for some major correction because i do always have the doubts that everytime we do make some run like these it cant be removed in someones mind
on the possibilities for sudden price decline or huge correction.So its better to secure your gains that to wait up even more for the price to
cling up to the peak which is always been an unknown thing.
Indeed this is a great achievement, initially I thought Bitcoin will reach $15k by th end of the year then it crossed 15k much earlier and I had targets of $20k & $25k for the end of the year based on my market research but Bitcoin didn't fail to surprise me and yes there are new investment flowing in, this recent pump will pool in more investment. I am sure Bitcoin might cross $50k this time.
BTC is rapidly moving up and broke 25k mark for first time in history, whenever the price of BTC pumps more than a month it triples for sure. As long as money continues entering the market at this price and holder's who Don't want to sell their btc then automatically price will go up more quickly than it did in the past, these positive trend's say BTC is all set to make a massive record this time.
This is now becoming an history for all of us who've been patronizing cryptocurrency. Let's be careful when price already reached at a very profitable value, corrections might occur at random situations. Price would increase until the end of 2020, then possible saturation is expected to happen next year depending on market behavior.
We will wait for what will happen until the end of January, when the vision will become clear about the bullish path and will it continue or will we witness a strong correction.
Resistance levels are still unclear, and we need to wait until the price is broken below $ 20000 and then make sure that we will not return to those levels.
It's like what happened in 2017 when we broke $ 1000 and didn't return to those levels afterwards.
Resistance levels are still unclear, and we need to wait until the price is broken below $ 20000 and then make sure that we will not return to those levels.
It's like what happened in 2017 when we broke $ 1000 and didn't return to those levels afterwards.
whenever the price of BTC pumps more than a month it triples for sure.
I'm not sure about this but stuff does often happens in chains but to be considered a "pump" for the month we can probably drop or consolidate quite a bit too (eg ~20-22k$ range)...
BTC is rapidly moving up and broke 25k mark for first time in history, whenever the price of BTC pumps more than a month it triples for sure. As long as money continues entering the market at this price and holder's who Don't want to sell their btc then automatically price will go up more quickly than it did in the past, these positive trend's say BTC is all set to make a massive record this time.
Market sentiments are really bullish giant hedge funds are entering into this space so this helping the rally to make it really bullish so that is fantastic moment for the true HODLers who believe very soon BTC would get succeed to take over the Gold market cap. I believe this is just beginning of the revolution so it will be so huge.
BTC is rapidly moving up and broke 25k mark for first time in history, whenever the price of BTC pumps more than a month it triples for sure. As long as money continues entering the market at this price and holder's who Don't want to sell their btc then automatically price will go up more quickly than it did in the past, these positive trend's say BTC is all set to make a massive record this time.
Jump to: