In my opinion, "Normal" price for Bitcoin for now is 9-11k USD. I know it is still pretty volatile and we can expect anything in next months (most possibly big uptrend due to recent fixes), but if Bitcoin grow too big too fast it will attract too much attention from governments so it will be harsh regulated and taxed if not destroyed by that legal thieves.
That is more or less the current range where bitcoin is moving however I think the issue with the governments is already here, there is no way to disguise that bitcoin is becoming more powerful despite their regulations so they are going to try to pass even more regulations but that is not going to stop bitcoin, what would they do after they realize their regulations had no effect in slowing down bitcoin? I do not know but it is possible we may see more bans in the future. 
Topic: What is your Bitcoin "Normal" price??? (Read 504 times)
The normal price of bitcoin for me is when I see some profit on my portfolio which matters most for me. Its hard to say if its the normal price of bitcoin when you have negative sign on your portfolio. Bitcoin is great I know but this is very volatile so the price change every seconds and moves faster when you are sleeping, better not to set any normal price just look at you portfolio.
Normal price for me would be $10,000. I don't ask for more so that I'm good with whatever will happen to bitcoin's price.
If the price pumps then that will be a delight to me because I'm not expecting high.
Unlike those others that are not contented with what they see.
If the price pumps then that will be a delight to me because I'm not expecting high.
Unlike those others that are not contented with what they see.
In my opinion, "Normal" price for Bitcoin for now is 9-11k USD. I know it is still pretty volatile and we can expect anything in next months (most possibly big uptrend due to recent fixes), but if Bitcoin grow too big too fast it will attract too much attention from governments so it will be harsh regulated and taxed if not destroyed by that legal thieves.
Bitcon has the fluctuation daily and I couldnt say it has a normal price. Price changes anytime and everyone of us has its own goals to earned profit in their investment. But I am expecting price could reach above $15k soon.
For me, there is no concept of a normal bitcoin price. I will not sell my strategic reserve of coins for less than 25-30K dollars. But this is only the minimum limit. I believe that the price of bitcoin will grow much higher. Perhaps the normal price is the price after which you are not ready to postpone the purchase of your dreams.
Yeah, I agree with you.
I think bitcoin will soon be 25-30k dollars.
But, I am not buying now.
I am felling comfortable with how much money I invested in bitcoin. If I put more, i will be over invested and I will be watching bitcoin price all the time, and I may do something idiot like a panic sell.
For me, there is no concept of a normal bitcoin price. I will not sell my strategic reserve of coins for less than 25-30K dollars. But this is only the minimum limit. I believe that the price of bitcoin will grow much higher. Perhaps the normal price is the price after which you are not ready to postpone the purchase of your dreams.
You have a point that is why it is better for us to set our goals, for how much value you want to sell your coins, don't think of the normal price just think of how are you going to maximize what you have. After setting your own price/profit, think what are you going to do with that profit before anything withdrawing your funds.
For me, there is no concept of a normal bitcoin price. I will not sell my strategic reserve of coins for less than 25-30K dollars. But this is only the minimum limit. I believe that the price of bitcoin will grow much higher. Perhaps the normal price is the price after which you are not ready to postpone the purchase of your dreams.
I am VERY bullish on bitcoin price. Not only because I hold bitcoins in my wallet. I also believe this blockchain technology to be useful in future with some extension/additions. 15000 dollar is even cheap to join such kind of thing.
Well having a normal price would mean that btc is kind of stable which is not the case since its very volatile. Perhaps at thia time the 10-11k price would be the "normal" range since its staying there for quite some time. But it will change eventually in the next weeks
The fact that bitcoin is volatile, it's hard to tell wether its current price is Normal or not.
It may be stagnant in $10k or above in a few weeks or months but the idea you have said that having a mark on its price is a wise move to record possible losses and gains.
Below $12k is a good mark but since it's below your own normal value, trying buying below the current price.
It may be stagnant in $10k or above in a few weeks or months but the idea you have said that having a mark on its price is a wise move to record possible losses and gains.
Below $12k is a good mark but since it's below your own normal value, trying buying below the current price.
There is the distinct possibility that btc could be at $1K for 6 years
Basically i don't really feel a high expecting and i just following the flow that's going on.
I think $10k upwards for me is a normal price, because to my knowledge so far the price at $10k upwards has become a new history of bitcoin price movements that's in the middle of pumping.
Well i still feel optimistic and confident.. it will still going towards $20k again as in the previous year, i think it's have a high chance in this March.. the price movement would be tends towards to a higher.
I think $10k upwards for me is a normal price, because to my knowledge so far the price at $10k upwards has become a new history of bitcoin price movements that's in the middle of pumping.
Well i still feel optimistic and confident.. it will still going towards $20k again as in the previous year, i think it's have a high chance in this March.. the price movement would be tends towards to a higher.
I am VERY bullish on bitcoin price. Not only because I hold bitcoins in my wallet. I also believe this blockchain technology to be useful in future with some extension/additions. 15000 dollar is even cheap to join such kind of thing.
My vote is just the same with the majority who voted that bitcoin's normal price is above 15K USD. I am quite sure it's where the normal price of bitcoin falls because it already reaches 20K USD last year.
Every one has a price in which they tend to buy Bitcoin. For me personally it is 12 K, if I see Bitcoin below that and have money I see it as a oppurtunity to buy. Though this is not backed by any research, this drives my strategy.
I thought if we could collect all such opinions, we could arrive at a price which everyone thinks as normal. Because if you think about it, all pur personal opinions of Bitcoin increase or decrease the price (Barring instance of manipulations by whales
which we can't do anything about)
If you feel comfortable buying bitcoin at less than 12k then keep doing it, it is a bargain and while many could think that as expensive they are not going to think that when bitcoin reaches an amount way bigger than that, however you are never going to be able to reach a consensus about a good price to buy, everyone has their own standards and reasons to prefer to buy below a certain price. I thought if we could collect all such opinions, we could arrive at a price which everyone thinks as normal. Because if you think about it, all pur personal opinions of Bitcoin increase or decrease the price (Barring instance of manipulations by whales
which we can't do anything about)
for me 12k is normal price. I think in this month bitcoin will reach 12k, I am not hope bitcoin will reach 20k for me 12k is enough for now but bitcoin is always unpredictable, no problem if bitcoin price slowly to increase as long as the price does not drop significantly as before.
Personally I think $6k was it and we are going higher.
It should be it. If not, it would break through a pattern where the market in recent years never has dipped below the previous bottom. Based on that, anything below $7000 at that moment was an instant blind-yolo buy for me. I just knew that the pattern would remain unharmed, which indicates that it wasn't only me adding serious value to that fact. I however don't yet expect the $10,000 level to be a safe haven level yet, especially not with how thin and unwilling the market is to support what usually would be considered a base support level. In other words, bottom has been set in stone, but the market is not yet ready for another push, at least not beyond the $12,000 level yet. It will likely take an attempt or two/three to actually comfortably break it.
Some analyists like Tone Vays which have tons of followers on youtube, went as bearish as claiming $1300 was a possibility and we may hit that before we skyrocket again. At that moment was when I realized people was going out of their mind and losing sight, therefore I became bullish, since it was clear we were starting the "despair" phase as seen in the classic "bubble anatomy chart", ending at $5900.
Ideally we should spend a couple of week if not months at the lower $10,000 area. We don't want a step climb to ATH like last time. We went from $5555 in November 11th to $19,666 in December 17th, so basically a month + 7 days. A smooth climb of at least 3 months to get to a new ATH would be safer, and then once we hit the ATH, all the idiots that thought Bitcoin was dead will once again get exposed, creating parabolic FOMO to god knows were. Anywhere from $50,000 to $100k it's possible.
For this moment 10000$ level is good support level but market need more deeper corrections before coming back with impuls like pullback. Market is choppy and traders are looking for small gains. Normal price for me is 15000$ under current statements.
Personally I think $6k was it and we are going higher.
It should be it. If not, it would break through a pattern where the market in recent years never has dipped below the previous bottom. Based on that, anything below $7000 at that moment was an instant blind-yolo buy for me. I just knew that the pattern would remain unharmed, which indicates that it wasn't only me adding serious value to that fact. I however don't yet expect the $10,000 level to be a safe haven level yet, especially not with how thin and unwilling the market is to support what usually would be considered a base support level. In other words, bottom has been set in stone, but the market is not yet ready for another push, at least not beyond the $12,000 level yet. It will likely take an attempt or two/three to actually comfortably break it.
I typically use the 200 day moving average to see where we are at. If we are below it, we are oversold, if we are above it, we may be overbought, of course this has certain margins which you can follow, some apply fibonacci retracements on 200 day moving averages to create models.
I like a model called the "mayer multiplier" that Trace Mayer uses to estimate periods of over or undersales. I think it's pretty accurate given past performance.
Personally I think $6k was it and we are going higher. The market is just now trying to deal with this fact, still in delusion about getting lower. This is the scenario that creates further FOMOs out of nowhere. Everyone is paranoid about each other.
I like a model called the "mayer multiplier" that Trace Mayer uses to estimate periods of over or undersales. I think it's pretty accurate given past performance.
Personally I think $6k was it and we are going higher. The market is just now trying to deal with this fact, still in delusion about getting lower. This is the scenario that creates further FOMOs out of nowhere. Everyone is paranoid about each other.
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