Topic: TO THE MOON! (Read 670 times)

I was thinking that we may be losing power against the 20k resistance and we may go down if time passes and we aren't able to break it.

But you may be right where you say that "every sold coin is quickly bought" so I am thinking in a different way now.

I have a little position at $19700 or so -just to take some profits, I am holding hard but I have bills to pay - but I will consider increasing it to around $21k+ because I see now quite possible to continue the run if the resistance is broken.

They already have sold at 20 thousand. It is a strong resistance but the bullish trend is stronger because every sold coin is quickly bought and followed by another higher high.

Whoever wanted to sell at 20 sold when we reached 19500 and dumped. The rest, like me, knows we're not going to stop at 21 or 22 thousand this time. The next resistance is going to be at 25 because this was the number many people quoted as important and within reach next year.

It's important to remember that there will be no strong bearish reversal without us overshooting. If we expect 25 and reach 25 the correction from there will be very small. We'd need to go to at least 30 fast and crash from there to start a bear market.

A good market will push many people to make high expectation. We can see it now, at least in all media that related to crypto currency will show many article who stated that bitcoin price will go up more than we expected. I can't blame them because it is not wrong at all, they have their own prediction.

I still remember when bitcoin just crash to $3500, I can't see anybody who stated that bitcoin will up to $20.000 again but most of them just make a prediction that another support will be achieves again.

Bitcoin price is reaching its all time high and just need 9 months to do that, but we have to be carefull for the crash that will happen. Until now, bitcoin just sideaway on the all time high, we just waiting what will do by some instution out there, they haven't made a decision to open long and short position. Yeah in my opinion, just their hand who will make bitcoin touch new all time high or back to all time low.

Now that got me triggered.
What is the standard to be called a third-world country, first-world country? or which country is included in a second-world country?

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More than half a century ago, the Cold War was just starting. It was Western capitalism versus Soviet socialism.
The First World consisted of the U.S., Western Europe and their allies. The Second World was the so-called Communist Bloc: the Soviet Union, China, Cuba and friends. The remaining nations, which aligned with neither group, were assigned to the Third World.

The Third World has always had blurred lines. "Although the phrase was widely used, it was never clear whether it was a clear category of analysis, or simply a convenient and rather vague label for an imprecise collection of states in the second half of the 20th century and some of the common problems that they faced.

This 1-2-3 classification is now out of date, insulting and confusing. Who is to say which part of the world is "first"? And how can an affluent country like Saudi Arabia, neither Western nor communist, be part of the Third World? Plus, the Soviet Union doesn't even exist anymore. source

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Because I love Japan, the best country imho.
so, if you're googling: What's the Average Cost of Living in Japan/month?
The average living cost in Japan is 160,000 - 240,000 yen or around $1535 - $2303.
This includes rent, food, utilities, utility bills, dating, medical bills, and entertainment bills. Among them, rent for housing, food costs, and transportation are the largest amounts.
$1 million divided by $2300/month = 434 months or will be enough for 36 years.
conclusion = yes, you can't retire with only $1 Million, unless you live in third-world country

You can say that with people who lived around you, but they will not listen to you because they don't know about bitcoin.
But for people who are involved in bitcoin, that statement will mean for them, and they will buy bitcoin from small part to bigger part because they believe that bitcoin will go to the moon again like before.
But it will need longer to see the bitcoin price will hit $100k because I am not sure if bitcoin price can reach that price in the next year or longer than that.
We are still waiting for the bitcoin price to pass $20k because that will not easy to pass on that price.
I am sure every people who have bitcoin want to retire and enjoy their profit for the rest of their lives, but they need to be patient and they need to follow the price journey before they sell their bitcoin.

Let's hope that this type of hype will never die down because that is what keeps the prices of coins high. If there is a hype around any coin, if people who follow that project is excited and can't wait to get some more money in order to buy more of the project, that would definitely mean high prices for that coin. Bitcoin is in that situation right now and so is ethereum as well and many others.

I believe the price of bitcoin will continue to rise as long as the hype around it continues, we do not think that it will go down right now, people are still hopeful about it. The difference here in 2020 (and in 2021 I hope) compared to 2017 and 2018 is the fact that there are no people selling tens of thousands of bitcoins.

These are tall expectations, I prefer a conservative expectation and we if see something beyond, we enjoy it also.  we obviously know we cant make $70k this year again, less than 4 weeks to go in the year. Lets take it one at a time, never thinking of 2024 or 2029, lets enjoy the moment and profit this cycle is leading us into, then we think of the next cycle after the parabolic.

It's already so popular now, no need to wait for it to reach $50K, the pandemic can't stop bitcoin. I fully agree with the idea that we only need 1BTC to be able to retire in the future, it is an extremely attractive investment.
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just 1 btc for retirement that's not much. to be financially free you need at least 10btc. for your beautiful old days you need more than 1 btc
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If you start your retirement say 15 years from now, you don't have to sell the entire Bitcoin immediately. You can just sell a little as you need each year. The price of Bitcoin will always keep going up and hopefully that 1 Bitcoin will sustain the entire lifetime.

Yeah if you want to retire with a baller lifestyle with bottles poppin and biatches in the house, 10 will do it nicely!

If a single Bitcoin will make you rich then there are at least 21 Million people around the world at most that will be a rich man when they retire.

Well, I'm quite happy to see Bitcoin going up and up as days go by but also take note that the road of Bitcoin towards higher prices like $30,000 or $50,000 or $100,000 will be a rough road. There will be ups and downs but as long as you can ride along side those rough roads that are coming through, you are on the way towards being financial freedom:).

What I do not want to the speculation of other people is it keep creating hypes because most of their speculations are not attainable because it is too expensive for me, I'm just reacting to what is happening in the price action and it is the reason why I do not have time to do speculation or prediction. The price of the bitcoin resisted twice at the $19,800, which is only means that the sellers in that area is too strong. For me the major resistance of the bitcoin is a range between $19,800 - $20,000. That area consists of a lot of sellers that indicating that once the price moves in that area, expect a swing low but it does not mean that the price will remain below $20,000.

Once the price manages to break that resistance area, it only means a good thing and the attainable price of the bitcoin for me is ranging in to $30,000 - $40,000. I do not expect that it will just become 6 digits after its breakout because for sure that there are resistances that will form.

We're still far the bull run though, this is just the beginning to get into $20k, which is still not happening as of yet. So there could be a lot of re-test, re-tracement along the way to even get to $20k this year. But if everything didn't happen this year then we should be looking forward to 2021 as another chance for us to get into a new all time high.


Possible though, with the way, institutional money is coming to crypto sphere, we might see in the future the market cap around $5-10 trillion easy and bitcoin now being compared to top companies like MicroSoft, Facebook or Tesla or Google as far as total assets is concern.

I would say we will definitely see something major in the end but how long will it take is still unknown. We have done great so far, but even the biggest bull runs have an end, we can't just go to one trillion dollars per bitcoin right? We know that we can't. So, that means there is a price where we will stop, obviously I didn't want to give a lower number because everyone has their own belief, some think 20k, some say 50k, some say 100k, and some say a million.

I have always believed that whatever makes crypto market around 5-10 trillion dollars is our natural limit, that is around a big stock market combined level and I would say it is highly unlikely that we will go anywhere away from that, it would be too expensive if we managed to break over stock markets.

We think Bitcoin will become very popular if it makes its way to $ 50k. many will invest in bitcoin, and when the pandemic is over many new investors will buy it
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It's already so popular now, no need to wait for it to reach $50K, the pandemic can't stop bitcoin. I fully agree with the idea that we only need 1BTC to be able to retire in the future, it is an extremely attractive investment.
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just 1 btc for retirement that's not much. to be financially free you need at least 10btc. for your beautiful old days you need more than 1 btc

I appreciate the optimism but to reach the high targets requires a structure to the build in price movement.   Just going straight up risks the price collapsing also as there is not enough volume selling and buying along the way, that is just the nature of previous moves and its a far better bet we continue as we have done.   BTC is already the most impressive asset of recent times maybe forever and its come out of nowhere to surprise almost everyone.    Its far better long term for price sticking more then just a surge if we do it over years not just this recent rise extending, it might be more boring but I dont see a feasible alternative.

Really itmke us to remembered the 2017.I hope this will create huge investors as like in this. But not surely about the investment. Many are waiting to see the price of 20, 000$ . But the reverse is happening for now. So holding of valuable bitcoin will be the correct option for now to avoid of panic selling. Don't excite with small pump and dump in bitcoin price.

Okay, we are going to the Moon but when Mars?

20K seems strong resistance either in upwards or in downwards, we need more time to tell actually where we are moving.

Not just to reach $20k, bitcoin price seems difficult to hit $19k again because it still stays at $18k level. But I am sure that it is a matter of time for bitcoin to reach and hit $19k and even reach $20k again. If $20k can be hit this month, we will have a chance to make a big profit because many people are already preparing their bitcoin to be sold at a high price.

People will still wait for the next ATH, and they believe that will happen sooner or later. No matter if the next ATH will occur in this month or next year, they will have more patience for that.

And it's now back way below $19k now, resistance is still there as obviously, a $20k is rejected again. We could have reach the overbought zone again that's why the price quickly drop in less than 24 hours after reaching as high as $19,800.

We are still in bullish sentiments though, not unless we broke to $17k-$16k worst, then the bears have regain control of the market. So let's see on the 4 hour timeframe, if there could be a divergence pulling the price even further down.

There wasnt that many buyers at 20k or even nearby.   It moved really rapidly in that space and didnt have half as much volume compared to the 10k area so if its hesitating now I dont place much faith in that historic reference for resistance.   Maybe 20k is twice the name drop that 10k brings, hard to fathom the quantum stupidity of the human brain but its 4 zeros we have to pass to get into the 20k's

We are all hoping for the ATH to be broken but it seems it has been testing out for how many times but doesnt mean that price would really be just staying up that level.

Sooner or later we would definitely able to see that bitcoin will successfully breaking out on its previous ATH and seeing a new one.

For now the best thing to do is to be patient and do on buying up when it corrected and make profits when it recovers and this is what im doing.