What's Next? After Bitcoin Passes The 60K Mark......

mojun7982

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Quote from: arwin100 on May 14, 2021, 04:59:02 PM

Quote from: BitcoinPanther on May 14, 2021, 03:45:24 PM

Quote from: TheGreatPython on May 14, 2021, 03:31:50 PM

Quote from: boty on May 09, 2021, 05:17:14 PM

bitcoin started adopted in global merchants, if OP check in google you will find which merchants already accept bitcoin as their payment. if not only speculation , but we invest in technology that bring breakthrough in digital payment. look at tesla, this company known as technology insight and now they accept bitcoin for every tesla buying. i am confidence its good move for adoption.

Bad news for you in that case, as Tesla recently made an announcement of not accepting bitcoins anymore because it consumes fossil fuels for mining, that is the reasoning they have given.

You can read about it here

A lot of services now accept Bitcoins as a payment option so I am not much concerned with the Tesla announcement. I recently purchased NordVPN for example and they accepted bitcoins and even a few other coins as well like Litecoin. The growth of Bitcoins is going to come from mass acceptance and I am sad that tesla made that announcement but I am sure more services will accept Bitcoins soon.

Bad news happens a lot of time on Bitcoin Market, so this kind of announcement isn't new. Besides Tesla's announcement is somehow dumb since power energy doesn't rely on coal or fossil fuels alone. If that is one of their reason, they should stop transacting with banks since banking sector consumes a lot of energy too.

Don't buy their excuss towards eliminating bitcoin unto them they made it on purpose, Musk want to manipulate the narket but he failed this time he didn't create much deeper impact since bitcoin still at 50,000$ above, I believe after this power excuss for sure he will be back hyping bitcoin again.

That tweet about Bitcoin being bad to the environment was a bad decision made by Elon Musk. It mad him look dumb. As if he didn't know before that Bitcoins are creating through a process called mining and that mining uses electricity intensive hardware Cheesy

Well, he is only Elon Musk so why would he understand a thing or two about energy expenditure and mining hardware?

lienfaye

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Quote from: BitcoinPanther on May 14, 2021, 03:45:24 PM

Bad news happens a lot of time on Bitcoin Market, so this kind of announcement isn't new. Besides Tesla's announcement is somehow dumb since power energy doesn't rely on coal or fossil fuels alone. If that is one of their reason, they should stop transacting with banks since banking sector consumes a lot of energy too.

I didnt know that Tesla decided to stop accepting bitcoin, the last time I heard is they sell 10% of their bitcoin. Im late with the latest news due to my work. This might be one of the reason why bitcoin experience a correction. Anyway Tesla is a big company and their decision has an impact but the price doest rely on that, many adoption happened and there's more to look forward.

arwin100

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Quote from: BitcoinPanther on May 14, 2021, 03:45:24 PM

Quote from: TheGreatPython on May 14, 2021, 03:31:50 PM

Quote from: boty on May 09, 2021, 05:17:14 PM

bitcoin started adopted in global merchants, if OP check in google you will find which merchants already accept bitcoin as their payment. if not only speculation , but we invest in technology that bring breakthrough in digital payment. look at tesla, this company known as technology insight and now they accept bitcoin for every tesla buying. i am confidence its good move for adoption.

Bad news for you in that case, as Tesla recently made an announcement of not accepting bitcoins anymore because it consumes fossil fuels for mining, that is the reasoning they have given.

You can read about it here

A lot of services now accept Bitcoins as a payment option so I am not much concerned with the Tesla announcement. I recently purchased NordVPN for example and they accepted bitcoins and even a few other coins as well like Litecoin. The growth of Bitcoins is going to come from mass acceptance and I am sad that tesla made that announcement but I am sure more services will accept Bitcoins soon.

Bad news happens a lot of time on Bitcoin Market, so this kind of announcement isn't new. Besides Tesla's announcement is somehow dumb since power energy doesn't rely on coal or fossil fuels alone. If that is one of their reason, they should stop transacting with banks since banking sector consumes a lot of energy too.

Don't buy their excuss towards eliminating bitcoin unto them they made it on purpose, Musk want to manipulate the narket but he failed this time he didn't create much deeper impact since bitcoin still at 50,000$ above, I believe after this power excuss for sure he will be back hyping bitcoin again.

BitcoinPanther

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Quote from: TheGreatPython on May 14, 2021, 03:31:50 PM

Quote from: boty on May 09, 2021, 05:17:14 PM

bitcoin started adopted in global merchants, if OP check in google you will find which merchants already accept bitcoin as their payment. if not only speculation , but we invest in technology that bring breakthrough in digital payment. look at tesla, this company known as technology insight and now they accept bitcoin for every tesla buying. i am confidence its good move for adoption.

Bad news for you in that case, as Tesla recently made an announcement of not accepting bitcoins anymore because it consumes fossil fuels for mining, that is the reasoning they have given.

You can read about it here

A lot of services now accept Bitcoins as a payment option so I am not much concerned with the Tesla announcement. I recently purchased NordVPN for example and they accepted bitcoins and even a few other coins as well like Litecoin. The growth of Bitcoins is going to come from mass acceptance and I am sad that tesla made that announcement but I am sure more services will accept Bitcoins soon.

Bad news happens a lot of time on Bitcoin Market, so this kind of announcement isn't new. Besides Tesla's announcement is somehow dumb since power energy doesn't rely on coal or fossil fuels alone. If that is one of their reason, they should stop transacting with banks since banking sector consumes a lot of energy too.

TheGreatPython

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Quote from: boty on May 09, 2021, 05:17:14 PM

bitcoin started adopted in global merchants, if OP check in google you will find which merchants already accept bitcoin as their payment. if not only speculation , but we invest in technology that bring breakthrough in digital payment. look at tesla, this company known as technology insight and now they accept bitcoin for every tesla buying. i am confidence its good move for adoption.

Bad news for you in that case, as Tesla recently made an announcement of not accepting bitcoins anymore because it consumes fossil fuels for mining, that is the reasoning they have given.

You can read about it here

A lot of services now accept Bitcoins as a payment option so I am not much concerned with the Tesla announcement. I recently purchased NordVPN for example and they accepted bitcoins and even a few other coins as well like Litecoin. The growth of Bitcoins is going to come from mass acceptance and I am sad that tesla made that announcement but I am sure more services will accept Bitcoins soon.

mojun7982

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Activity: 269

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The Standard Protocol - Solving Inflation

Quote from: Fredomago on May 03, 2021, 09:44:17 AM

Quote from: mojun7982 on May 01, 2021, 05:16:39 AM

Phew, that's the question we all want to know the answer to! If we only knew it, we also knew what to do next.

I don't know what will happen after 60k, but I believe to know that it is going higher in the long run.

The big whales didn't have enough yet!

Big whales always wants more money, after $60K who knows what's next to come, what's better is to decide by yourself, if you do believe that there are more to come, buy and hold till it reached your target.

Though if you are more on scalping and you work with day trades, it's also possible to chase the market movements and try to earned out from it.

Take your side with diligence of doing your research, believe and rely with your own guts!

I believe that for the majority of those who do day trading their winnings and losses cancel out quite even in particular over a longer period of time. What it actually means is you need to catch the peaks frequently (which nobody does) and buy coins back on the way down hoping to then catch the peak again or close to that. That is so demanding and stressful if you have to watch movements on daily basis for every hour and every minute.

Yamifoud

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$70k, $80k, but I'm looking forward to seeing Bitcoin reach $100k someday.
We are expecting a huge market rally as seeing big and known companies are joining crypto, I believe that was our basis to think that Bitcoin will even reach farther than of today, however, the market seems to be unpredictable, and the dumps could also be possible to take place sometimes.
But what I have now is just the hopes, the hopes that the price will drop a little bit so I have the chance to buy more Bitcoins.

boty

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bitcoin started adopted in global merchants, if OP check in google you will find which merchants already accept bitcoin as their payment. if not only speculation , but we invest in technology that bring breakthrough in digital payment. look at tesla, this company known as technology insight and now they accept bitcoin for every tesla buying. i am confidence its good move for adoption.

Hughes_Ryan

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Quote from: rc4739 on March 24, 2021, 10:52:16 AM

Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?

Bitcoin is having full freedom to use them in life, store wealth, turn it into speculation. It can be used to pay for purchases online for places that accept (Tesla already accepts payments in bitcoin), can be free to withdraw bitcoins for cash at bitcoin ATMs in the US or anywhere support it.
Bitcoin will continue to run, similar to how Doge did. I believe bitcoin will head towards $ 100k once the bears are hibernated.

Kez1817

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Bitcoin is not yet legally adopted by the government but in our country we are free to use it. There are some stores that already accepting bitcoin as payment but the problem is the higher transaction fee. In my place, I can also use bitcoin easily but need to convert it into a fiat money to cash out and use to buy. even so, bitcoin is still very important to us because it is very useful in many ways. Bitcoin is not just for prediction and speculation because it has a higher value based on demand, supply and where it can be used especially now with a pandemic. After $60K, if the demand keep on increasing there is a huge possibility that bitcoins value will continue to surge high.

EiKaGlaShPriSAThWEl

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Quote from: rc4739 on March 24, 2021, 10:52:16 AM

Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?

Bitcoin is not a theory or guessing or speculation only.
On our area, there are no merchant/stores that accepts bitcoin or any other altcoins but I still find cryptocurrency as a useful thing in my daily life. Instead of using bitcoin to buy things, we can convert it to fiat then cash out through banks or money transfer. Bitcoin is useful in so many other ways.
Hopefully bitcoin continue to rise before the end of the year and breaks its last ATH.

btc78

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Quote from: rc4739 on March 24, 2021, 10:52:16 AM

Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?

We are still waiting for the next , because the Highest price reached was 64,000 means still in 60k level.Hope that in this second quarter at least we can break the 70,000 level and then the 80-k , 90k and in the end year finally the 100k dream value.

Quote from: ?? on ??

I think the target depends on your activity. If you are a long-term holder then you must be expecting at least 20X more from the 2018 ATH of BTC. From that perspective, BTC will only be 3X by then. Also, institutional investors choose BTC as a long-term investment that means they are not going to sell for now. So it's hard to predict but 75k should be the next heavy resistance level for BTC if it again breaks the 60k mark.

Well OP is asking about whats next from bitcoin and not from our investment.

I think you get Him wrong mate.

Shasha80

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Quote from: acener on May 09, 2021, 05:55:56 AM

Quote from: rc4739 on March 24, 2021, 10:52:16 AM

Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?

Yes it is useful for our daily life because it is money,
The product depends on the seller of course it is hard right now to find a local seller on my country.
There are so many merchant and companies that accept Bitcoin nowadays.
And for the title I would say it depends on the current market flow,
It could continue to grow, Be steady at that price or fall down after reaching it.

In my opinion, only people who do not have knowledge of Bitcoin say Bitcoin is useless for human life. Because there are so many merchants that
accept Bitcoin payments, even a company the size of Tesla now accepts Bitcoin payments if we want to buy a Tesla car. But most importantly whether
our country allows using Bitcoin as a means of payment or not. Because not all countries accept Bitcoin as a whole, there are some countries that
only accept Bitcoin as a digital asset. What happens after passing the price of $ 60k again, of course Bitcoin will go even higher to the next target.

acener

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Quote from: rc4739 on March 24, 2021, 10:52:16 AM

Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?

Yes it is useful for our daily life because it is money,
The product depends on the seller of course it is hard right now to find a local seller on my country.
There are so many merchant and companies that accept Bitcoin nowadays.
And for the title I would say it depends on the current market flow,
It could continue to grow, Be steady at that price or fall down after reaching it.

iv4n

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Quote from: blue_nexus15 on May 08, 2021, 11:40:11 PM

In my opinion, the trend is very difficult to navigate at this time. Looks like the market is correcting and rallying to analysis. Institutional investors are waiting for orders to be passed from Biden's new tax law, which will lie in the middle of the inner Senate. They will know how to take advantage of the opportunity and how to target it. ETH is submitting an ETF, and it's getting bitcoin's attention as well. In my prediction, next week we will break 65k and follow by ATh at 70k $.

The trend is crazy in the past months, there are swings, but Bitcoin is breaking records this year, that's a fact! Not just Bitcoin, many coins are making crazy progress... but what's next!?

Maybe it all started like in 2017, but now as time passes, I am starting to realize that many things are a lot different... like the fact that Bitcoin is now in many institutions, huge companies... This is a different level, and I think that we can see some drop, but nothing big, in short term any kind of swing is possible... but as more companies, institutions, more are people getting in, the price can only go up! Of course, in the long run!

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Quote from: ?? on ??

nowadays many people expect bitcoin to be corrected, and they can buy it. and in fact until recently bitcoin sideways formed a new defense. Keep in mind, if after this there is a correction, then I think there will be a deep correction, so we need to prepare to buy some support

If you define "correction" how the stock market traditionally defines a correction, then bitcoin just had a correction. It dropped from 65k to 52k just a couple weeks ago and has been recovering since then. But if you read the sentiment when this happens, people are eagerly embracing the opportunity, they're wondering why bitcoin is down and wondering how much lower it's gonna go.

blue_nexus15

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In my opinion, the trend is very difficult to navigate at this time. Looks like the market is correcting and rallying to analysis. Institutional investors are waiting for orders to be passed from Biden's new tax law, which will lie in the middle of the inner Senate. They will know how to take advantage of the opportunity and how to target it. ETH is submitting an ETF, and it's getting bitcoin's attention as well. In my prediction, next week we will break 65k and follow by ATh at 70k $.

martina14

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Quote from: rc4739 on March 24, 2021, 10:52:16 AM

Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?

Is Bitcoin for speculation only?

Answer: Yes Bitcoin was started in speculation only were some of the business minded people adopted it and control the value of it in my own
perception only.

Is it really useful in our daily life?

Answer: If I'm gonna compared it into my life before at the present time now, yes it was very useful to me since 2015 up to now I am not
employed but a a jobless individuals but still earnings Bitcoin or cryptocurrency as my own personal source of income for a couple of
years now.

What product can we buy by using bitcoin only?

Answer: There are a lot of merchants all over the world now accepting Bitcoin as their mode of payment in different countries as well.

how many Merchant accepting bitcoin?

Answer: No idea dude, but in my estimate count I think it almost a thousands merchants now, not so sure but it could be more or less.

posi

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Quote from: ?? on ??

Quote from: AndySt on May 03, 2021, 06:20:22 PM

Quote from: posi on May 03, 2021, 05:41:57 PM

Quote from: Fredomago on May 03, 2021, 09:44:17 AM

Quote from: mojun7982 on May 01, 2021, 05:16:39 AM

Phew, that's the question we all want to know the answer to! If we only knew it, we also knew what to do next.

I don't know what will happen after 60k, but I believe to know that it is going higher in the long run.
The big whales didn't have enough yet!

Big whales always wants more money, after $60K who knows what's next to come, what's better is to decide by yourself, if you do believe that there are more to come, buy and hold till it reached your target.
Though if you are more on scalping and you work with day trades, it's also possible to chase the market movements and try to earned out from it.
Take your side with diligence of doing your research, believe and rely with your own guts!

Although the whales and the institutional will want to make more money but I think we shouldn't forget that the whales are not the major play of this current market and it also hard to know what will happen in the market when Bitcoin reach the $60K price range but I believe a slight market correction will happen at some point when the market reach or pass $60K to strengthen the bullish trend.

Perhaps whales and institutional are not the basis of the market, but they can push the market in some direction at the right time, and investors usually take the news that another major player has entered the market with great enthusiasm, although this no longer has such a strong impact. I suspect that if bitcoin does not gain a foothold in the area of $ 60,000 in the next month, then in the coming summer months we will expect a sideways trend in the area of $ 50-55,000 or even a correction below $ 50,000.

nowadays many people expect bitcoin to be corrected, and they can buy it. and in fact until recently bitcoin sideways formed a new defense. Keep in mind, if after this there is a correction, then I think there will be a deep correction, so we need to prepare to buy some support

@AndySt, if Bitcoin was to replicate the previous market momentum there should some market since the last week of April till now due to the mining difficulty adjustment but market resistance to dump shows that there's alot of demand in the market than supply.
@fauzan, if deep price correction will happen, I don't expect it to be long before the market will make a quick come back but with what I am seeing if the correction will indeed happen, it will be a flash not deep.

Ausgewielt

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Actually there are some companies that already accept bitcoin. I think if Bitcoin is spread evenly then bitcoin price can be more stable so merchants can use it conveniently. For now the market condition is still unpredictable and volatile this condition give more benefits for investors.

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