Bitcoin Forum

We can see the new surge of bitcoin in crypto market . It exceed $10K  again and I believe many are earning now especially those with holding during the downtrend of bitcoin. But,to what extent bitcoin will raise more today?
Do you think ,what happened last 2018 will happen again this coming months?
What are the reason behind the rise of bitcoin?

Edit: Sorry for putting a wrong number on the value of bitcoin, I didn't mean it. It is just above $10K and not $500K.
       I wrote this topic just for discussion in order to know the opinion and knowledge of everyone.

Is there really a reason for this bull move for a week now?
Well none that I can tell of. I noticed a bull run was preparing to happen since price was between 9 to 10,000. Now price has gone above 10000, we just have to enjoy it.

Try to read some news or articles related to recent bitcoin spike so somehow it will give you an idea. Not totally those are the reason but somehow you can draw a picture on why the spike happened.

I will give you one, https://cointelegraph.com/news/why-bitcoin-suddenly-spiked-to-10-200-liquidating-75m-in-fast-rally

From there, it will feed your mind about some of the reasons and you can use those as references.

This thread is way more appropriate in the Speculation (https://bitcointalk.org/index.php?board=57.0) thread. You can consider moving the thread there.

$500k? it became $11.1k but not $500k. And to those who endured the bear market and still held their bitcoins, they all deserve the profits that they have.

Nobody knows.

It can still happen.

It can be composed of many things, the halving, the helicopter money, the defis and so.

I think most people expected to go around $12k

Truly the rise of bitcoin has started. I am overwhelmed seeing bitcoin price increase from $9k to $11k today.
Wasn't expecting bull season to start so soon like this due to global pandemic. Now bitcoin has prove herself that crypto market is unpredictable. Nobody knows what the future holds for us all in cryptocurrency generally.
This year's bull run will be more bullish than 2017 bull season

That's right, the appropriate board of this discussion should be on Speculation board as what harizen said.
If you don't know how to move a topic, heads up on this thread and learn how to move the topic. [Lesson] How to Correct Move Topic (https://bitcointalk.org/index.php?topic=5265053.0).

There are too many theories and speculations about this recent Bitcoin price surged. I have doubt that these theories might the reason of Bitcoin price pumping up until $11k are:

• Effect of Bitcoin halving that the most anticipation to have Bitcoin price hike this year
• Because of Defi platform, investors start investing crypto
• Safe haven investment, fear sentiment due to pandemic victim

TBH, $500k will might take time before we will reach that range of price. That was too much prediction for this year.

Exceeded $500K? What charts and price tools are you using mate?  ;D
How i wish that was the price of 1 BTC right now.

Same reason every other time. Demand. It's how the market works.

Dont let yourself get with the hype or such increase because if i were to say that this is just an another normal day for Bitcoin where it can swing its price more than 10% in a day.

Does it looks something new? No its not and this had been a behavior of btc.The thing here that it did make up sideways movement or stagnant for a long time thats why when the price move into this intensity

then people do already have thoughts or things in mind that this might be the start of the bull run.Dont let your hopes high that much because it will just frustrate you when things

goes into correction time.

Yeah, and I'd find it very optimistic to anyone could think about it. I'd rather have to cry asking for help on how I can buy a few sats because it is really expensive. I can't afford it, though. If we can reach back to $20k again, I really happy with that and I am contented enough. Maybe there is no wrong if we ask for more but the situation is really out from reality that it takes.

Anyway, we live in this kind of speculative market and I know that everyone is never hoping for deep lows but a satisfying price. That is no wonder why people are looking for a higher price than it lives at $10k, $20k, $50k, it gonna be more.

Give me a few minutes and let me consult my magic crystal ball..

https://media.tenor.com/images/49f8b2908bb596bead2c4f1a687e29e9/tenor.gif

..because we can definitely know what will happen with the price

the OP is reading a different chart..maybe a chart of his inspiration???

this rise has long been overdue. before the pandemic situation, we are already in the $10k level. because of this crisis, we slumped again. but look at where we are now - going back up again. when you compare it last July-Aug of last year, we are now again experiencing the same bitcoin price level. so just be happy of what we achieved despite of this pandemic

The trend will not always going up so expect a little correction and don’t think that the last bull market will happen the exact same thing right now because we are on a totally different situation. Bitcoin rise again and to those who are holding are still thinking to hold more, I suggest to focus on your selling price and don’t be greedy because the up trend is still unpredictable.

I'm just going to take this question ...
Sometimes you get a "reasonable" answer because "noticeable" events occur that determine that increase, many study these quantitative elements, and then the predictions are born.

So the "reasons" for bitcoin's rise are in some ways usually known after they happen, others are actually an organic effect, a product of the entire ecosystem called BITCOIN CORE / bitcoin / users / markets.

Perhaps some will risk saying that other factors must be added, such as social factors, effects of traditional parallel markets, unforeseen effects such as the pandemic, these effects we can call qualitative. In my opinion, bitcoin has surpassed them and demonstrated that its influence on the "BITCOIN CORE / bitcoin / users / markets" ecosystem is not as important or influential as previously thought, at least not at this precise moment.

All of the above is only a "clue" to begin to have an "idea" of the unforeseen increases that sometimes in recent times exceed 10% in just moments and that surprise many "new users" who just arrived and generated the question that you very reasonably do.


BUT if you start to study bitcoin prices a bit at different times, including the genesis of bitcoin, you understand that it is a natural effect of bitcoin formation and that those increases that happen from 10% -20% (even its precipitous falls) today, they are pulverized if you start making comparisons with the different periods.

So learning to know the reasons for these increases before they happen is the real task that every user should do to make their own decisions. Or at least understand the market and that this information helps you to start believing or not the forecasters.

All this can begin to help you get answers to that classic question.

GB.

I am so happy that bitcoin reaches $11k yesterday, I really shocked about this because there are no predictions from an expert about some big movement of bitcoin. It only means that bitcoin is really unpredictable, there is no person who can predict what will happen soon to the price of the bitcoin, one thing for sure is that bitcoin could reach higher than that because we're still in pandemic.

Bitcoin to rise 12k usd this quarter even oneplus.com customer support says.

Bitcoin price does not yet touch $500k, but now the price is at $10k. It will hit that price in the future, but unfortunately, we don't know when the price will be at that price. We can only predict and guess without knowing when it will happen.

Bitcoin is already increasing for $1k, and now the price can be at $10k. That is good news for us because of the good time for bitcoin to surge to the high price comes. You can sell bitcoin right now if you want, but you can also hold for more to see another higher price of bitcoin.

I think what happened at 2017-2018 can happen again in the next bull run, and this time, the increase in the price can be more than $20k because the reward is reduced for half. But everything can happen to bitcoin.

I don't think about the reason behind the increases in bitcoin because I don't know which was the right reason for that. Besides that, the bitcoin price can increase without having a reason because that is what happens in the market. Perhaps, people lose their trust in fiat, or we see a gold price increase or people need to use another payment method in this pandemic, or else.

I read it over and over and it looks like it's just typo, maybe what OP means is $5K


We cannot know exactly the reason, but there are say this is a common things and will occur repeatedly that's how markets work.

It reached $11,200 yesterday and now it went back to $10,800. Well, it is hard to give out some speculation as that of what you wanted to hear. But this market movement showed a good sign that the after effect of halving is already started. Thus, if the major resistance will gonna broke we can expect it to have a good major bull run in upcoming weeks or months.

Why is it that everytime the price reach a good profit level, everyone posts this kind of thread, no offense but in my opinion the rise of bitcoin started a long time ago, we are now in the limbo and experiencing the benefits of it, I do not think that the the increased in price show any significance rather than the holders have taken a profit from holding their bitcoin for a long time, this is just another bump in the prices and I think we should not hold it too dear. Trust me, when the prices go up again another thread like these will surely pop-up, I am not killjoy but I think there are more things to be grateful for rather than prophesizing that bitcoin has risen again.

It's always the market decision, the buyer and the seller.

If the Bitcoin hasn't been sold or bought and just been HODL until now we will not be in this level. If you think this is a redundant thread, report it, if you think this isn't appropriate in this board, report it, I assume you know how to report a reply or a thread. You can't decide what they'll do and maybe they're just new here so they posted or they just don't know where to discuss some kind of discussion, I prefer this on the Speculation board.

Bitcoin is so much potential coin. Now a days it is so much volatile. No one can tell the exact reason why Bitcoin rise or down. Buy in my opinion Bitcoin price is risen for demand.

is it possible that you used your own currency rate that's why it exceeded 500k and the $ is just a typo? in PHP(Philippine peso) bitcoin is currently at 540k according to google. nobody knows to what extent bitcoin will rise and for those who say that they know are just mere speculation and there is no point believing what they say.

nobody knows but there is still a possibility that it might happen but then again what I said is mere speculation.

@mk4 any update? so I can finally decide if I have to buy and HODL

For what I can see on CMC today, the price is starting to stabilize again, but now, in the price point of 11k dollars. There are 2 possibilities for me to happen, either bitcoin will continue to stabilize or to decline a bit and stays to 9k again. The reason is because of the inadequate activities and events that could make people buy and demand bitcoin.

Though, there are many tech news that speculates with why bitcoin is performing that way as of now, it is still hard to believe which one is true.

There’s more to offer in bitcoin with regards to price and it's features. This is what we can observe price is volatile and there’s a tendency it may rise and be back to $10k below who knows. From the start, bitcoin price has it's low an high so we cannot foresee if this time the rise will continue, but I hope it will.

Yesterday Bitcoin reached $11300 I guess less or more, And started retrace the price to lower prices. However, we will see the much higher prices soon and maybe the ATH before Christmas. But to be host reaching $500K will take more time for the market. Maybe on 2021 or maybe even of next cycle of the halving we will see this price but not soon. Also, reaching that price can be happen by just a sharp movement and then return the much prices.

This is in peso money 500k of bitcoin. You know we cannot tell if bitcoin will surge just what happens in 2018. But many prediction that price will increase again. It reached $11k btw, so there is a huge possibility to occur in bitcoin.

Excuse me, there's no $500k in the history of bitcoin price, bitcoin's ATH was just almost $20,000.. don't remember the exact figure, but that's pretty it, that $500k is just quite a dream for mot of us, if that will happen, I'll be very rich, remember that.

I less really know the reason why the price of Bitcoin can go up but this is very amazing and I hope that Bitcoin will can continue to grow even in this pandemic. I don't know if this upward trend will be the same as in year 2018 ago but hopefully it can happen again. currently Bitcoin stands at $ 11K and let's see what will happen next, I want to see Bitcoin standing at $ 15K before the end of this year.

The trend is positive right now  for bitcoin, chances that those
who are from stocks are here
and start playing inside the market, though it's just speculative
and no clarifications.



Everything is possible as we are inside this type of industry, volatile
affects the condition of the market.


Everyone wants to see that,  just need a strong hands to keep this barrier
and continue the uptrend position.

Presently bitcoin seems to be testing the 11k levels, as many times it has moved above it and has dropped again to 10900$ levels, thus not able to sustain above 11k. So, might be it may take some time before either we see the rise again of the bitcoin or might also fall back a bit as it has rallied quickly from 9800$ levels till 11k price. Hope the price get stable above 11k.

Sorry but what is $500k?would you mind explaining where growth was that?
it is 2017 and not 2018,you must make a thorough research first before making your own opinion.

There is no wrong expecting a Hype because Bitcoin is showing power today as i type.

I believe that growth is possible in the next few months. Everything will depend on the number of purchased bitcoins, if it is actively bought, then it is quite possible that the situation in 2018 will repeat itself. It is like a soap bubble - the more investors there are, the faster it can burst.

I got a paper income but not selling yet, I'm still hoping for a higher price and I know bitcoin can break the walls along its way, and beside my target price is still in place. The rise of bitcoin makes the market more active again and many are so happy because of the good decisions that they have made during the dump prices. We have to learn from this from now on that bitcoin will always rise because many people now knows its real value as a cryptocurrency.

Sorry ,i didn't mean to input a wrong data. I was mistaken because the number I put is the equivalent of $10K in our fiat money.

I think it was quite expected since bitcoin had been in the same price range for quite long.
A move had to be shown to a change in the price. Many people were expecting a short term bull run by bitcoin.
Though bitcoin increased price, the altcoins suffered a good loss since many altcoins decreased in price as soon as bitcoin surged.
I guess people are moving their money from altcoins to bitcoin.
Though the price of BTC has increased I think there will be another correction where bitcoin's price will decrease again followed by a surge in it's price.

Oohh...is that your reliable source for bitcoin why it rise sharply?😂 Anyway, we are so excited to see that bitcoin has a good move so far whatever the reason behind it.

It is expected for Bitcoin to pump after the halving, not right away as predicted, but it's getting there.
This time however, I am not expecting Bitcoin and altcoins to make a crazy bullrun like in 2018, but rather a more steadily growth over a longer period of time.

Also, I doubt that price will go down from this point but it might happen only in a case of huge disaster where everyone just takes out their money and Bitcoin collapses.
There wont be another huge price drop simply because at one point it would not be profitable for miners. So either a small price drop or total annihilation. But those are the worst case scenarios.

Good case scenario is that Bitcoin is going to pump and pump big, so rejoyce. We are in the Bullish era again.

You are correct and it was 2018 when Bitcoin had another great run like this but this one looks more promising since we are also advancing in the use of technology. I guess it is still good to do day trading since you can get small profits along the way. Its also a good time to sell them or wait for an opportunity to buy them. My speculation is that Bitcoin might reach at least $13k to $14k.

The recent surge in bitcoin is of course expected by many long-term traders who have waited a long time for the increase to occur, there may be some people who benefit because the sales target has been reached. on the other hand, daily traders will also enjoy the benefits if a short-term increase occurs in bitcoin. but for now I think bitcoin price movements have stabilized and there are no signs of rising market prices

Always expect a pullback or the retracement after the price surged. It is good to see that the bitcoin is now making a move after its long sideways that took a lot of weeks. There is now a short term uptrend because the price is now above the 100 MA and 50 MA which considered as medium term and long term support. The momentum of the bitcoin is going down and it seems that it will create a lower highs in this following days. There is now new resistance formed at $11400  but te good thing is we are still above the overbought area in the RSI.

Being optimistic is never a problem but we should know also how to accept disappointments or dissatisfaction. We can't really predict the exact fate of bitcoin's price but as long as it is increasing don't hesitate to take advantage of it if you think that its price is enough for you to sell. You have full control of your asset and you should be accountable with the fate of your money.

Once you know how to read and observe the market, that will help you to have a good decision making.

That's what I learned on what happened before, it taught me a lot of lesson when the bitcoin's price increases in Dec 2017.

If you have been following crypto fo a long time, you will understand that the current sudden rise in price is nothing new and you should not be surprised if the reverse happens because it is a random pump which happens the most time when the whales enter the market. Such sudden jump creates a lot of attention that leads to a continuous increase in the trading volume of bitcoin. However, Ethereum has been touted to further increase due to the upcoming ETH 2.0 but there is no specific reason behind sudden increase in price of bitcoin but rather a massive pump

if the price manages to stay above $10500 for a long time then will be ready to go try to break $ 13000 and remembering that the last time the price reached $13000 was a long time ago


definitely not


this article explains it better:

https://www.coindesk.com/how-real-is-bitcoins-rally-8-interpretations-of-bitcoins-massive-surge

I don't think that we would be seeing the same pattern that happened in 2018 I don't think that we would be really go high again for this year.
I think our highest price could be around $14-15K or less I don't really expect it to go higher than that because of this pandemic most of the people are still struggling to survive.

Better create your own thread in Off Topic because  yo are Hijacking this thread with your shitpost.

Sorry but what Happens in 2018?i am not  aware that there are some good movement that year aside from Ethereum that reached the Highest value in January before dumping again so hard.


What is your basis about this?
Have you been here to make such speculations ?i doubt  that  any of  your message  must  be  relying .
Because  we have seen recently the $11,300 pump so what  more  in Fourth quarter?

There is no need for a reason for Bitcoin to pump or dump, because the price of Bitcoin is volatile it can go up suddenly.
So there is no need for a reason Bitcoin rises above $ 10,000. But according to my guess Bitcoin rises because of the halving
effect, usually the halving effect occurs a few months after halving happened. Maybe the increase in the price of Bitcoin can
be until 2021.

Yeah I agree, just like what it did in $9K level, it breaks above and so it will be staying again for a quite some time in $10K BUT we aren't sure about this, it might decline a couple days from now or rise til $13K, technical analysis won't work, this is what I like in bitcoin, it gets exciting when it is moving.

We cannot know but most of the prediction this may happen but it will climb very slow.

From the article, what I think the reason of the surge is the first one " Banks Stacking due to changes in custody rules ", dollar is weakening and so they need some haven and they believe on bitcoin. Good thing isn't it?

It doesn't mean when the bitcoin's price pumped in late 2017 in almost $20k, it will also happen again this time.

I'm not being pessimistic about the bitcoin's price but I'm just thinking about the possibilities that might happen and stuck us.

We should think about the reality to lessen disappointment and dismay towards the price of bitcoin. We just need to accept the fact that bitcoin is volatile and we have nothing to do with that but to manipulate it properly.
Let's still hope for more pump and let's predict its price. For me, it will just stay between $12k to 14k, and that's only based on what I'm seeing in the market.

How about we stop looking for reasons every time , when we know for sure that we can’t come up with any reason that might have led to the increase, all we end up doing is just to speculate about it which is not right. Let’s just assume that there was more demand and that led to the increase.

I was already expecting this increase to happen. Before now the price was at $7k and it took time before it crossed the resistance level and moved to $9k and the same started happening again, the bulls were able to keep it stable the same way they did before now. And after a long time it has finally moved to this $11k. This might trigger a FOMO if the price keeps going like this.

I think you should wait for a moment to see the price will get down so that you can buy bitcoin at a low price. But if you can not wait for that time, you can buy bitcoin at a price now, but we don't know if the price will be increase or not, so you need to be careful. There is always a risk if you want to buy bitcoin at any price because the price will be volatile every day, so the only thing that you can do is analyze the price so you can get the right time to enter the market.

Bitcoin prices have been rising for the past few days; It has risen above $11K, today it has fallen below $11K again. This increase in the price of bitcoin was expected by everyone. The price of any currency will go up and down. This is a normal process. But I don’t believe what happened in 2018 will happen again in the next few months.

Bitcoin price is not just crossed $10k, but it increased more than $11k, the price is still at $11k. It is a good sign for bitcoin to rise more than now, and I am sure that the price will break another high price sooner or later. But before we see another high price, we need to ready for the downtrend that can happen anytime, so we have a chance to buy bitcoin again.

Bitcoin's price is not always in a positive movement or in an increasing state. In 2017-2018, we didn't expect that spike to occur, we're all surprised about what happened to bitcoin and most of us celebrated that time. But I don't think that it will happen again this year. Maybe in the next years, 2021 or 2022, there's a chance that it will reach that $20k again or much higher. 


We just need to face and deal with the reality that bitcoin's price is extremely volatile in the market. It is really hard to predict the future of bitcoin if you don't know how to observe the market movement. I'm still hoping that it will not only stay in $11k because I have a lot of expenses and bills that I need to pay during this quarantine.

Definitely the price will break and hoping that it'll reach $15k!

I have a mistake done recently, I early converted my BTC when it hits the $10k, now I'm gonna buy again and wait for it to reach the $15k. We are also hoping for another ATH, do you think that $20k+ is possible? For me, yes! We are still in the Q3 of 2020 and there are still many days for the bitcoin to surge its price.

This is one of the best times for bitcoin holders, as the price of bitcoin has risen in such a short time. However, like other times, it does not seem that the price of Bitcoin will last for a long time. Although everyone hopes for a day like this. Now all we have to do is look at how long Bitcoin's price has risen.

You are correct because that day bitcoin price jump high to more than $11,000
Do you think ,what happened last 2018 will happen again this coming months?
What are the reason behind the rise of bitcoin?
the latest i read is about the wallstreet gaining powers again and the trading world is doing good so bitcoin are  carried  along.
We commit mistakes sometimes important thing is  you  come back in your thread and  check the replies,because  thousand  of  topic starter here is just posting and after that will never come back for even single chance.
well for the record the price of bitcoin at 11k$ staying for almost a week now and  there is no even sign of falling down.
but if there are correction to come before the bull comes?then let it be.

Bitcoin price reached $11k recently and it seems stable at this position. Maybe we aren't going to see another pump soon. I thought there will be a price drop after reaching that point. But bitcoin price seems stable at this point. We may see a noticeable change on price at this weekend. The world haven't come out of the covid-19 crisis yet. So don't think we will see huge price up soon.

Have show the way bitcoin will raise to higher price, keep consist and make bitcoin day by day always on the top price and give chance for many investor to get much profit, waiting how stronger bitcoin raise up, could back sweet moment where bitcoin break out to higher price above $20,000 of become fantastic price in this year.

If we stop speculating for things with crypto price will be as stable as dollar. The reason why bitcoin has a price is because of speculation if there's none at all price will not move, just so happen these past few days that speculation was highly favorable on its own making a huge move in terms of the price. " let's just assume that there was more demand that led to the increase " , bro that's the same as speculation  :)

We all expect things to happen with bitcoin, we always anticipate the price to increase however none of us know when it will be happening just like what happened last week, the price surges and most of us think that it will be just a short term but it's not, price continue to rise and there again speculation for where it is going after it is high. Just see where the price will be at last before climbing down.

I am sure the price will reach $20k+ and wait for that will happens. In these Q3 and Q4, we can hope the price can surge higher because we already break $10k, and I am sure sooner or later, we will break $15k, and so on. You should use the time to buy bitcoin when the price makes a correction and hold it for a while until the price can back to the high price.

What you ask has an uncertain answer, because the answers are all based on predictions and personal analysis. I also do not know the value of bitcoin will go up to what extent, and the possibility that fall could have happened. While the question that is very often asked is the reason behind the increase or the reason behind the decline. The reason lies in what information you believe, I read someone's analysis of the decline in the value of shares and where it increased the bitcoin market, as for the analysis of whale planning about current scenarios and many others.

Maybe it is just high time that bitcoin will rise as this increase has been put on hold when the pandemic conquered the global population. And since many people are slowly getting back to its feet, and so is bitcoin market. The rise is owed to various factors and we really can't pinpoint it to one or 2 reasons. It is combination of good things happening in the crypto market.

the thing that has been awaited for bitcoin is starting to show the courage to keep moving in a very positive direction.
to penetrate $ 12K is just a matter of time, instead what is considered is whether bitcoin will continue to move until the end of the year and can reach $ 15K?

if it happens then the halving prediction that has happened so far will happen again. that halving the past is requiring one year later bitcoin to appear mighty and dominant.
halving at this time is this year, so if not missed there will be a significant increase next year as well, and will start from the movement of bitcoin at the end of this year

I hade made it to buy while bitcoin is @ 11k now it made a rise of 600 usd. This is good somehow and wish to get more on it. Anyway, anytime soon after reaching the target then selling it would be best. I can't hold enough of it due to the fact that I need the money. I am just a short term holder and a little gain is enough for me. I d not need huge profit here for as long as I gain then that will do already. Being greedy here will possible either gain high or loss high in the end depending on the decision to be made.

As long you earn money during this season it is still good. Just remember the price is volatile so there are risks when investing or buying at this current rate. This rise is we did not expect so buying from previous months are really earning. We have to monitor at what price of bitcoin will go.

The market already gave plenty of opportunity to invest and this is not the best time to invest but to book your profits if you take into consideration the price is trying to breach another resistance, i am not sure whether it will break the current resistance easily or do we need to wait for some more time to see them breach but for the holders it is the best time to take positions.

The increase in the price of Bitcoin above $ 11,000 makes some people make profits, including me can also make big profits.
Because when the price of a Bitcoin dump is below $ 6000 I have bought quite a lot of Bitcoin. But I decided to only sell 50% of
the Bitcoin I have. Just in case Bitcoin takes a price correction, I can buy it again. Hopefully this trend can positively make the price
of Bitcoin return to the price of all time high.

OMG !!!   BitCoin is going up like crazy !!!   The market is smelling something bad in the financial system, and that is show up as a rise in the price of BitCoin.

BitCoin could continue to go up in the near future, depending on how bad risks get in The US dollar etc.

Long term could be a very different story....

Hard Facts

Last moment bitcoin could raise above $12k and we waiting what higher price could touch by bitcoin right now, will cross higher price like 2017 or keep going down and break out, still get many time to invest and hold bitcoin right now until price back to higher. Always have possibility for bitcoin take place on good or bad price.

An hour ago I looked at the CoinMarketCap table, the price of bitcoin was $ 11,938. that is, almost twelve thousand dollars, and now it has dropped quite sharply to 11,303 dollars. Ethereum was also priced at $ 407 and has now dropped to $ 374.
Have the whales decided to start fixing their profits and dumping bitcoins after all? After all, there was information that earlier they transferred their bitcoins to exchanges. Well, let's see what happens next.

This hasnt been able to maintain 10k in months. It literally dropped from 12k to 10.5k and REJECTED 10.5k back to 11.5k now consolidated ABOVE 11k. Why do people think this rally is over? As long as its above 10.5 it's still in an uptrend.

I do not know bitcoin will rise, the important thing is that crypto conditions are in positive hype. Bitcoin which is a popular cryptocurrency has something unique, one of which is fluctuation, where prices move quickly and conditions also change. So the possibility that what happened at the end of 2018 is very possible, and also still has the possibility of a high increase as at the end of 2017. The influence or fluctuation of crypto can occur through anything, then the reason for the increase or refinement depends on your assumptions because I see many users have their own assumptions and we don't know whether our assumptions are true or false.

BitCoin is having a nice price rise.   How do you not feel it, the numbers are right there in front of us, impossible to ignore.

Does this equate to more future price rise, I have no idea...

Hard facts

This is why we have to be careful on our investment in bitcoin because there's no certain if the price could continue this time. No one knows at what price this time will reach if this will touch an all time high again. But this all rise in bitcoin is really surprising.

If you entered the market when the price was really low then you might be holding an investment that could give you a profit than any other financial asset. The price breached the resistance we had for a long time and now touched another resistance and i thought we would see a small correction but whenever there is a sell off there are investments coming in which is a good sign  .

when the end of 2018 many people said bitcoin would end,
but with the rise of Bitcoin at the moment I am sure bitcoin will continue to grow further, I will not speculate on numbers but the belief that bitcoin will continue to grow will really happen, maybe this year will not increase much but for next year who knows with lots of predictions that person will happen.. ;D

You are asking questions that no one can answer. When the price crashed back at the end of 2018, did anyone know that the price is going to crash? Nope. Some just speculated and got lucky while others were expecting the price to go even higher.
Google why the price of crypto currencies is going up. No one will be able to give you the exact reason, but you will be seeing various opinion from different news protals.

I don't think it's right to look at it that way. Bitcoin is currently priced at $11664. The fall in the market price will increase, only it will happen, it is not the religion of the market. Sometimes there is a need to correct the market, it will happen according to the religion of the market, this is normal. Although it is difficult to predict the price of Bitcoin, it seems to me that the price of Bitcoin is stable at this time.

After the halving the next to happen if same path will be track back. Expect that another good rise in the next following year.

Hopefully we will see this rise and brings another great market value, bitcoin will continue it's progress and gives decent benefits  to

People who continue to believe and continue to invest to this assets.

Yes, according to the chart and data from over the years. If you look at the longer time frame, you can see Bitcoin is extremely oversold. We've been in a downtrend since 2018 and had major crash this year and 2018.
I guess when the financially instability caused by the pandemic and businesses closing, and people unable to use tangible cash. Bitcoin and Cryptocurrencies are much better alternatives, that must be the reason why Bitcoin is surging.

to happen like 2018 I feel this can't yet, but I think it will be possible to experience an increase in the price of bitcoin. but maybe the value is not as big as 2018, because seeing the current global market which is still unstable we cannot expect big with the increase in bitcoin prices.

The percentage that we can see a bull run again like what happened last 2017-2018 is still 50/50 even if the bitcoin price already break the 10k$ barrier.

Stock market in already crumbling right now because of the pandemic so there is a big chance that they are shifting to crypto industry, this is the reason that I see why
bitcoin price or the market is already moving upward again. But what I am worried is, if when the pandemic will be gone as there is big chance that those investors will
go back again to stock market and the crypto market will likely to fall again.

I think there are three reasons for BTC raise up, those are

01.  Swiss bank making custody of BTC as their banking policy.

02. US Central bank also doing same as Swiss bank so that if reflacted fully in crypto market.

03. In pandemic season people was searching for safe investment place for income with safely also and they targeted BTC with online investment and income.

I think those good news make market fully high and hope it will continue many days.

thanks.

Bitcoin always had potential to grow form the initially stages itself, only thing not many believed in it or said it is going to be bubble or will be temporary but after a decade now people are realizing that it has true potential to grow and also to help businesses to grow.

With this pandemic, people got the time to investigate and check the usage of this system realizing
that it's for real and really manageable to use.
Those negative views are now starting to replace by trust and hope that somewhere people will benefits
from this system  both investment and currency side of it.
Eventually more adoptions will take place, more business will embrace this system and it will be useful
in most industries around the globe.

I don't know if there is a company who will accept bitcoin especially for payment system only or you have another forms how bitcoin will be adopted? Currently, there are several firm who just use bitcoin as an investment place. As in this article (https://cointelegraph.com/news/wall-street-starts-hodling-bitcoin-as-40-of-btc-unmoved-in-2-years/amp) which stated some companies who bought a huge amount bitcoin for investing purpose.

It not about what you and I thought but how each and everyone of us understands the purposes of bitcoin. However, bitcoin can use as an investment, store of value and currency. Just because some companies see bitcoin as an investment purpose doesn't mean there's no company that accept it as payment and we have see some companies that pay wages with crypto.


The pandemic helps showcase bitcoin potentials to the world but if some government negative stance toward stay the same bitcoin adoption may not occur in the country governed by the government.

It will take time before the negative views toward bitcoin will be changed as positive, there are now a lot information all over the internet about bitcoin but not all of it is legit especially topics about investments. The view of other people to bitcoin is an investment and not a currency but it is okay after all. Bitcoin will change the payment system if the people will choose to adapt it and if the negative rumours about bitcoin will be change into positive where many people will fully understand how it is working.

No matter how much we would like to see cryptos as stable currencies which will replace fiat one day, still their value is driven mostly by speculation. We need to understand this fact. It is good for trading, but I see high risk of buy-and-hold strategy

Hope what you said becomes true.
But who can forget that milestone which we reached in 2018.
I want the history should be repeated another and for that reason i am also holding my BTC to make good profits.

But the price of BTC will only rise if we make the Demand of Bitcoins more, by promoting it across various platforms.
This will help in the growth of demand of Bitcoins and hence the supply will be less and price will be high.

Nevertheless let's hope for the best and wish Bitcoin will reach 100k $ soon.  ;D

I agree with you. I am also hopeful for Bitcoin to reign once again. We should be careful now since the market has been moving drastically in the past year. But nevertheless, improvements are seen this time around.

Indeed. It is very possible but we don't know the exact time or when it is. Even many experts stated that at the end of 2020 or in 2021, the price of Bitcoin should be above $15, but there is no guarantee of it. The Crypto market is very volatile and unstable, so the upcoming price of Bitcoin basically cannot be really predictable. I suggest to learn deeply the potential of the current Bitcoin rise, don't hurry to buy more only based on the Hype. After an increase should be followed by a correction, so plan your target properly and realistically.

The best part of the article
but I doubt that record high can happen this year with all the world's mess now, the probability is high for it to happen next year.

Well, I think that the current increase in the price of bitcoin is the effect of the halving. Well, I hope that I am right, and the speculation is, the price will pump in 2021 due to the halving effect as happened in previous years. well, if there is any other factor, it would be because people started investing in bitcoin again. I'm pretty sure the bitcoin price will continue to recover to close to $ 15k this year.

Well, the halving that occurs in the past month could be the factor of bitcoin's price increase but it's already Q3 of the year 2020 and it's always increasing at this quarter. Yeah, I hope that bitcoin price right now reaches $15k usd and probably, this will attract more investors and will increase our crypto community.

It will make cryptocurrency at the mainstream again. I'm not hoping for a new ATH this year but I know that soon it will record another new ATH this year or 2021.

We who are involved in cryptocurrency all hope and believe that the price of Bitcoin will go up further, but by 2020 it will be $12K according to some, $15K according to others .. etc. Although the crypto market is very volatile and volatile, it seems unreasonable for me to expect the price of Bitcoin to reach $100k  soon. I personally think that the price of Bitcoin could reach $15K by the end of 2020.

Growing individuals here in Crypto world are probably happy with the Rise of Bitcoin's price. For me, this must be something that I've  always wanted because I am only relying with the profits that I may be getting in Bitcoin industry since this pandemic started to spread around the world.
I am hoping that the price will rise more higher so everyone here would be blessed despite this crisis.

Yes unpredictable indeed, as bitcoin value or cryptocurrency is volatile so he possibility of changes everyday is a big chance. it could reach to the top within just a few days . It seems like it's getting back on track.  We are all waiting for the bull run. I hope it will be soonest.

The price that we are seeing right now is really surprising and those who take profit is enjoying this scenario. This is all we wanted the rise of bitcoin, the point here is we don't know yet if the price could surge just like the all time high happen. Let’s not expect too much since we all know the price is very volatile but I'm also waiting to see the rise further in bitcoin.

People are getting in with the hype since people wanted the profit. Bitcoin is known for its volatility that it might give you a profit in just minutes of investment, with that they wanted to wait for it and sell for them to have a profit. There are a lot of people that can prove bitcoin gives them a lot of profit, people are getting in because they don't want to be left out.

the 2018 trend may be approaching this year, but I think it is difficult, currently the 2018 trend has not been maximized. so we just wait for the right moment for bitcoin to be in that position, so we can get a surprise price from bitcoin.

I have also seen the price of bitcoin in recent months has increased in price. For the foreseeable future, we cannot draw conclusions about the price of bitcoin which will reach its highest price peak in 2017.
at this point i can only invest and hold bitcoin up to $ 15k, if it hasn't reached $ 15k i will continue to hold it.

This time I see growth potential up to 14k.

The market has recovered a lot from the bottom we had after the last rally and there are huge investment coming into the market and it is not only in bitcoin but the top coins are attracting investors and so is the reason the entire market was rallying especially ETH even though the transaction charges are double than bitcoin. It is good to have the patience and wait for a year and the market could touch the all time high valuation during that time.

Genuinely the ascent of bitcoin has begun. I am overpowered by observing the bitcoin cost increment from $9k to $11k today.

Wasn't expecting the bull season to begin so before long like this because of the worldwide pandemic. Presently bitcoin has substantiated herself that the crypto market is erratic. No one understands what's on the horizon for us all in cryptographic money for the most part.

The current year's bull run will be more bullish than the 2017 bull season

We recently received several information signals:

1) Iran plans to use bitcoins to circumvent sanctions

2) Okex cryptocurrency exchange's bitcoins have been confiscated by the Chinese government

3) Russians will have to declare all their bitcoins by April 30, 2022.  

I made the following conclusion.

States view Bitcoin as a strategic resource amid the crisis in the global financial system.  This is why the price of Bitcoin is going up.  Large investment companies also want to become bitcoin holders.

In the next decade, to have power, you need to own bitcoin.

If you have a history of Bitcoin in the last 2 or 3 years, you will know how Bitcoin will return to the way it was in 2017, so for now Bitcoin is a great time to go up, therefore many big whales are competing to buy Bitcoin, because they know a big bubble will occur in 2021 and it will definitely be seen. So for that let's see how Bitcoin will head to the moon.

I agree with most of the opinions of bitcoin holders. that the current price movement of bitcoin is like last year 2017. after the bitcoin halving day bitcoin will and reach new highs. I am very optimistic that in 2021 the price of bitcoin will reach more than $ 20k.

Those infos you have gathered are new . Your the first to list them here in this forum . The numbers 1 and 3 are both a positive news because they shows that these country use btc but the number 2 is a bad news because of that word confiscated . Why they do that when okex was a legal crypto exchange or did the exchange did something for thier coins to be confiscated ? Your conclusion shouldn't be fully positive because of that okex issue  but That was only confiscated and there is still a chance that they can return it if issues were sorted out .

OkeX still operating and functioning well while fixing this problem and I believe that it will be settled soon. Only withdrawal is temporarily suspended while they are sorting out the issue. Bitcoin continues to make a big name in the crypto industry which also makes it's value surge high. It's really good to become a bitcoin holder now and wait for the another sky rocket of bitcoin.

Well, currently Bitcoin is now hovering around $15k USD even touches the $16k USD mark so I don't think it will be the same as what happened 2 years ago but rather I think we are getting the track as what we have way back in 2017. If this continues until the last month then there's a probability that we will witness the new ATH before the end of this year or in the first quarter of 2021.
I cannot think of any reason why Bitcoin is increasing but I have I think it should be because PayPal now accepts the purchase, sell and even hold of cryptocurrencies. Besides, a lot of big companies are now venturing with this technology.

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and now bitcoin is real, it will slowly peak like it was in late 2017, when it hit $ 20K.  not in 2018. the value and bullish bitcoin now, will answer every negative perception about bitcoin.  bitcoin is not a ponzi scheme, not a seasonal bubble, etc.  but bitcoin is a crypto asset that has value and is very profitable because of its volatility.  we will see bitcoin trending later in the year to $ 20K.

Bitcoin is a movement assets in a network way of payment, which is decentralized currency that is go to peer2peer in the cryptocurrency platform. Which many saved it as an asset, having said that, the current price of bitcoin can't be compere with last two months ago. Therefore bitcoin raise from time to time.

Even now the price of bitcoin is no longer at $ 10K, now bitcoin has run away and is at $ 16,341 which is close to $ 17K.
It’s true, as you said, many are already earning now, especially if they hold bitcoins from the price of $ 10K.
Imagine how many times their profit would be if they hadn’t sold it at the moment. But there are also those who have already sold
bitcoin at the price of $11K, they are crying out for the current price because they regret having rushed to sell its assets.

The people who claim that bitcoin is a ponzi does not even understand the basic structure of ponzi schemes and i pity if anyone claims that and there were times i used to tell them to explain what they understand about finance and the different schemes and only by that way you could shut them down but if times goes on and more people have these stupid ideas without even understanding what bitcoin is, it is better to ignore them.
The price is not an indicator whether bitcoin is a ponzi, but the fundamentals of bitcoin.

bitcoin has long gone up from 2017 bitcoin was at its peak then and in 2018, the price of bitcoin 2019 fell drastically in 2020 I saw bitcoin starting to go up again and many predictions of bitcoin will go up again in price, just focus on developing bitcoin.

Price already going up, but people are more happy if they'll see a new ATH this year, that means a good year for bitcoin and we will have a good start in 2021. Just like in 2017, the ATH was hit in December, so probably we will witness the same, bitcoin will have some short correction, then it will bounce back to reach a new ATH, a correction is just to let the weak hands sold their holding, then it will rise to the moon.

Yes, it worries me. 

I ask myself the question - who will be the holder of bitcoins in the future?  Individuals?  Or will Bitcoin be exclusively owned by countries, mutual funds, and corporations?  In 1933, the US government confiscated gold from the population.  But is it harder to confiscate Bitcoin than gold?  The Bitcoin blockchain is transparent, all transactions in it are visible. 

As the price of Bitcoin rises, these threats also rise.

Great! I read these words and Bitcoin is going to touch 17 000 soon. Let us follow this 2020 BTC Bull Run. Who will give here the best prognosis about the best Bitcoin price in the nearest 2-3 months? Which one of us can foresee the real crypto growth...

It's like a cycle, in which bitcoin has left from bearish market. and make a new round, which is bullish. 2018 is the lowest level on the high end of the increase. and it will restart the increase. it might go as high as $ 20k- $ 30k. I don't really understand the reason. the only thing I understand is that bitcoin starts increasing after going down.