Just normal profit taking nothing changed with this latest pullback, we reached the top prices for normal expectations and speculators closed trades is all it takes to bring us back to prices of about a month ago which is nothing drastic imo
In 5 days the 50 day moving average will cross above the 200 day moving average, its fair to say it means we are in medium to long term positive in appreciative BTC price action.
Topic: What have changed in BTC price (Read 538 times)
It doesn't matter how much the price of BTC has gone up or down . To keep the market positive, BTC prices must remain stable. Today 7.9.2021 suddenly the price of BTC has changed drastically. Approximately 10% reduction in 24 hours. This is a really big fall in one day. I have never seen so much change in such short of time. Though i don't take it otherwise because it is as usual behavior of crypto market.
bitcoin has had a very drastic improvement in recent months, since the price of bitcoin fell at the level of $28k yesterday and was able to improve again in a few months, until today it returned to $50k. I see bitcoin has tremendous potential, it looks like bitcoin will score another new coordination meeting this year.
I think that this year has been quite positive about Bitcoin so far in general. I remember the huge dump. But the pandemic period helped this market start being preferred more than ever in this year. Because many people got stuck at their homes. They needed new things not to get bored and they met cryptocurrencies. There has been a huge demand for Bitcoin so far. And we are still expecting a bull run in this year also. If it happens, this year might be unbeatable for a long time.
Remember that we had reached up all time high for this year the price of bitcoin climbed as high as $63,729.5 which means it did really make out some significant change if we do really tend to compare it into the past. It isnt something surprising though considering on the demand and awareness of it then its just really that normal on having that attention.
For now it might not really be that anticipate on global scale but at least we are seeing some merchants and services out there that do really aware into its existence.
I think that this year has been quite positive about Bitcoin so far in general. I remember the huge dump. But the pandemic period helped this market start being preferred more than ever in this year. Because many people got stuck at their homes. They needed new things not to get bored and they met cryptocurrencies. There has been a huge demand for Bitcoin so far. And we are still expecting a bull run in this year also. If it happens, this year might be unbeatable for a long time.
Can we now call 2021 the year of Bitcoin/crypto adoption year?
Price is not a good indicator when we have a currency standard being debased, it shows Dollar is increasingly weak in real terms such that very large numbers are possible in anything more certain in its progression. BTC is clearly more limited supply then Dollar which has infinite and unscaled production of new dollars, one day it may completely fail and prove unreliable through no set fix to any system of value.
Despite the great history behind dollar the modern reality it has no regular reliable schedule of issue.
I think this time around, retail and institutional interest in crypto has ushered in greater adoption than ever before. The year 2021 is clear to see times have changed. This development was unimaginable even a few years ago. The future of bitcoin in the crypto market looks very bright.
The development of Bitcoin has indeed been extraordinary this year, even Bitcoin managed to reach a price above $60k, that's
an extraordinary achievement. I agree that this happened because this year many institutions invested in Bitcoin, and this led to
a large adoption process. Now that Bitcoin is still showing a positive trend by trying to rise above the $50k price, I believe until
the end of the year Bitcoin will be bullish. In conclusion, the future of Bitcoin will be very bright if we look at Bitcoin price movements,
then what we need to do is collect as much Bitcoin as possible.
The biggest difference is definitely the big companies coming into bitcoin and staying as well. Retail investors like us were here for a long time and there are more and more of us out there every single day and we can change so much, look at what WSB subreddit did to Gamestop, there are many hedge funds who are trying to not lose money and they are throwing every single trick in the book at the retail investors but retail investors are not selling, they do not have any plan to sell, some of the people may have gotten out but more and more got in, which is why we could easily say that hedge funds lost.
However here it is not about retail vs funds, it is about big companies helping us out and getting in, and instead of small by small amounts getting in, we have huge amounts getting in, and instead of being the bad guys, they are good guys and get promoted and liked.
However here it is not about retail vs funds, it is about big companies helping us out and getting in, and instead of small by small amounts getting in, we have huge amounts getting in, and instead of being the bad guys, they are good guys and get promoted and liked.
It's all based on increasing interest from time to time, and in my opinion, from year to year it must experience a price movement that changes to a higher direction, this is of course because Bitcoin is getting closer to more people, it has strong potential from its advantages until the Bitcoin price does have a natural change, especially in this year.
In my opinion, Bitcoin is in a consolidation phase, and I think it could last until the end of the year. Since its peak in April, institutional interest has waned, and there has been a shortage of liquidity from both corporate and retail buyers.
We are no longer in the consolidation phase, the price has skyrocketed to the $50k'ish already, so that's no consolidation.
I totally disagree though that the interest of institutions and retail investors interest have waned out. If that is the case then we should be seeing the price into the $10k-$15k, but it didn't happen. After the lowest low that we hit this year around $28k, we have bounce back and make it double already as we enter the last quarter.
It will last until chips are no longer scarce.
In my opinion, Bitcoin is in a consolidation phase, and I think it could last until the end of the year. Since its peak in April, institutional interest has waned, and there has been a shortage of liquidity from both corporate and retail buyers.
I think this year can be called crypto adoption because the integration of cryptocurrency into everyday aspects of life allows room to grow and strengthen itself as more than just an asset. It became a serious alternative financial system to fiat currency and people started to pay attention to it. we have seen a significant increase in bitcoin adoption by large institutions. Many large companies have accepted bitcoin as a payment method, and some have also purchased large amounts of bitcoin to use as an investment instrument. Therefore in the future the price of Bitcoin will again reach a new ATH.
That is the thing about bitcoin, if we could spend it instead of sell it for fiat and spend that? We could logically make al to more money as well, that is the important thing. If people end up spending it more than they sell it, eventually some of those sellers that receive the bitcoin will end up holding it instead of selling it, and that is going to make bitcoin go up a lot. Think about how the world uses fiat currencies, not every one of them is sold and that means we are going to see bitcoin go up in value because there are less sellers, it is just logic.Supply and Demand mathematics say that if the supply drops, than even if demand stays the same the price would go up. And demand would go up a lot more as well, people who did not turn their fiat into crypto will end up doing it a lot easier because now they can use their crypto everywhere.
As at the time of creating this thread Bitcoin is sold for $33,900, in recent days the entire market led by Bitcoin has faced what looks like a bear market where bitcoin went below $30,000 late last week before recovering back to its present price. This has driven me to the conclusion that bitcoin in this year 2021 made the highest price movement since it was created a decade ago.
Can we now call 2021 the year of Bitcoin/crypto adoption year?
I think this year can be called crypto adoption because the integration of cryptocurrency into everyday aspects of life allows room to grow and strengthen itself as more than just an asset. It became a serious alternative financial system to fiat currency and people started to pay attention to it. we have seen a significant increase in bitcoin adoption by large institutions. Many large companies have accepted bitcoin as a payment method, and some have also purchased large amounts of bitcoin to use as an investment instrument. Therefore in the future the price of Bitcoin will again reach a new ATH. Can we now call 2021 the year of Bitcoin/crypto adoption year?
I don't know if there's anything that has changed besides the increase in value of bitcoin but besides that, I don't think that there's any other changes, just got more expensive I guess. I think it's not yet the year plus calling it the year of adoption is pretty much a subjective topic because some people like me might not even consider it as the year but for you it's different.
The reality is that we are seeing something that should be expected in the bitcoin price these days, why would it stay down forever? There is no reason that it should stay down forever, this means that the price actually went up because there was no other way to go. There are few things that could happen, we all know this, it is common sense, it is going to either drop, stay same for a while or go up, there is no other way right? There is no "goes northeast" type of situation, these three are the only thing that could happen.
So it already dropped, and it already stayed there for a while, what else is left? Going back up, that is why it was bound to happen eventually, maybe it happened too soon, maybe it will happen some other time, but it will happen, and it did eventually happen, timing could change each time, but it will always happen no matter what.
So it already dropped, and it already stayed there for a while, what else is left? Going back up, that is why it was bound to happen eventually, maybe it happened too soon, maybe it will happen some other time, but it will happen, and it did eventually happen, timing could change each time, but it will always happen no matter what.
Well, for starters, the price caused it to be more expensive. Another thing that I noticed is that the prices don't seem to be much more scary when it goes down, what I mean by that is that even if it goes half in prices, I don't feel the same panic I had back in 2018 when the prices crashed. I don't know if that's a valid feeling but that's what I am observing right now.
Not yet, I wouldn't deal on that idea for now since we're still facing a hard days for crypto market. Despite that we see more promising days, but it can't be denied that more struggles is waiting for our asset in order to reach every goals we have. Price changed due to short time traders, and we need to wait for whales to take over and we will see bull market once again raging the entire cryptocurrency world.
For me my most awaited time in crypto was the end season of the year, i mean from my 5 years being involved here in bitcointalk forum and being able to become one of the active member of the crypto community I used to watch and see the market price movement of bitcoin from time to time because it's such a delight to my eye to see the market price climbing. Today, we are still 4 months away from the end of the year so we can expect a lot of things may happen in btc price from time to time.
Can we now call 2021 the year of Bitcoin/crypto adoption year?
I think adoption is already since long time, because if we compared from past, a lot of people already start to know and made investment in bitcoin. For the price i think it is just still part for bullish in this year. I still confident until end of the year we wouldn't see big dump happen. I think cryptocurrency adoption has skyrocketed from the start of 2021 very significantly from the previous year. This was influenced by the bullishness of Bitcoin which broke its all-time high price (ATH).
I also do consider this year as the year that bitcoin gained a popular ground for adoption. Many regulatory processes have given more popular gig to bitcoin through exchanges and trading. The list of adopting institutions has built up including El savando.
When you mention billion, I suspect you referring to Elon musk. He is really instrumental by buying lots of bitcoin early this year and that contributed to price skyrocketing. Elon musk has actually benefited from the adoption by manipulating somewhat the rise and fall of price as a whale.
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