Bitcoin Forum

Since PayPal announced its allowance of cryptocurrencies, BTC soared high towards $13k and I can see that the rally already began for BTC. Is it party time or shall we wait a bit longer? Rally has started, the question is - towards which side? If this news throws BTC down, then let's get ready for another leg down towards $8k and buy BTC cheap? Or shall I buy BTC right now? Is $13k cheap atm and can I go for a 10x leverage position at this price?

^ https://cointelegraph.com/news/bitcoin-soars-to-12-9k-as-paypal-proves-crypto-is-ready-for-everyone
^ Nah is too early to celebrate and we expected to have a correction right after pumping. From what I have observed in the market, it will always have a dump after it will be pumped in the market. There are too many factors that bitcoin price will down this month and we do hope that the US presidential election did not have an effect on the crypto market. Because if you will ask about the stock market, it was now affected due to the near schedule of the US election. Nevertheless, I believe that bitcoin will hit $15k by the end of this year.

I kinda wanna punch myself in the gut since I just sold some coins 4 days ago when the price is just merrily sitting at around $10k. I didn't actually know that something big like this will happen in just a few days, and I still kinda regret choosing to get some of my blades for a maintenance (god I love those swords) rather than just holding the temptation for a little longer. I don't sense that this pump will hold for long since the market, as of now, seems to be overbought by the hysteria caused by PayPal actually announcing this time that they want to work with crypto. I'd rather wait and observe a few days before finally hitting that buy button again if I were you, honestly.

To early to decide on since we don't know the outcome yet if this pump will continue until the next following months so maybe the best decision to do is to hold our urge to buy and wait for something dump/correction before we enter the market. This hype about PayPal will possibly bring more positive output and the one we need to do is to wait for better position.

Hardest decision to be made honestly if we do really talk about on accumulating bitcoin at on the current price yet we cant determine if this is just some sort of bull trap or the price had already reached out the peak
and there might be some pullback afterwards.Its hard to tell thats why decision will really matter up to you on how much risk you can put on.

In my case, i had accumulated bitcoin when it do moved sideways between 11400-11700  and its not a bad step to secure out profits and i had already done it in 12700.

Hard part is on to wait for the possible low price to accumulate again and repeat the same process.Is this start of bull run? No one can tell but this Paypal adoption with crypto
is surely a good news for all of us.

Bull run heading towards ATH of 20k? Too far to tell but who knows that we might be seeing these digits once again for this year.

As soon as crypto shows up in PayPal portals, all the merchants will clammer to add it to their websites and a whole pack of consumers will but it for speculation as well as purchases etc. This is the boost we need to get off into the 20k and above range.

Not a good time to sell at all!

Yep! happens all the time, quick sellers are there lurking around trying to sell at the peak of this pump lol.
A more than 10% gain in a 24 hrs span is something you'll feel grateful of, specially when you're holding a huge bag of Btc. This is something to be feel so excited about on what would be the next Btc movements on the next few days. Nobody should celebrate yet, everyone should be more focus on the price movements on the coming days.
This could be a 2017-ish run or the other way around like the OP said.

The decision is something you have to make by yourself. I know you already know what to do, at least, as a long time person lurking in the crypto community and able to witness lots of surprises that happened in Bitcoin during its progress. Depend on how far you anticipate what will happen, then decide what's the best thing to do based on your analysis.

As for me, same approach as before ay any given trend*. If I decided to make a new entry and after analyzing key pointers to my future decision, then I will make a purchase at any price level.

We will just need to wait a little longer, but wait with monitoring as we will never know when it will drop again, 20k might be a bit too high for only PayPal news there might be something more that will push to pump and some says it can be cause by the election that is about to happen whichever the real reason is we need to take advantage of this time that we will able to sell at high price, just keep monitoring.

Just another step up in the continuing long term bull market. 4 digits might be gone for good now, but I'm guessing this rally will be short lived and will settle back in the 12000s for a bit. But I think we are a step up from the summer now, as in I don't see it going back to test $10,000 again, perhaps ever.

Party is here already so I don't think that we need to wait longer. As for the entry, best is during when we have relatively stable at $10K, for me the price is expensive at $13k. So let's see if this rally could pump as high as $13K-$16K. And in your second scenario of a downward spiral to $8K then it's good, we can buy cheap and discounted bitcoin then. I'll just keep holding my bitcoin that's I save and wait for a massive rally next year. It's not that huge, but I guess for now that's enough for me.

We haven't settled for the $12k'ish yet, the price seems to be bouncing around $11,800-$11,900. But I'm still be very cautious about the 4 digits, we might be a sort of bull run, but we will never know, as the market is known to be very unstable. But it's good to see the price reaching at least $12k, but the big test is $13k because we haven't reach that price for a long time.

So a lot of wiggle room for us, we are still in October, a lot can happen in the next two months that will either push the price so something like $14k-$15k, or worst case scenario, a dump to 4 digits again.

A "sell the news" event? Well, there is always the possibility this spike above $12.5K is a B wave in an expanding flat, represented by the middle diagram:

https://a.c-dn.net/b/3M0sha/3-Types-of-Elliott-Wave-Flat-Patterns-to-Know-JWedu_body_Picture_1.png

Once the June 2019 highs (the $13,800s) are broken, we can officially rule this scenario out. Until then, the $9,000s aren't completely off the table yet.

If you can't decide whether the market is headed to $8K or $13K, I would avoid taking any 10x leveraged positions. :P

I want to wait and see how the US election ends, these types of events always affect the short term. The fundamentals are good, and this implies a price increase in the medium-long term, see hashrate for example. It seems quite likely that by 2021 we will surpass the last ATH by a long way.

It was actually strange why bitcoin was rallying and the stock markets were trading sideways or down. Basically makes me think that the Paypal news was leaked a few days ago to a few number of people.

I think we need to secure a close above $12.5K on the weekly to continue this bull trend. The larger issue is if the stock market goes to correct even more since the election is coming up. Then bitcoin can resume its correlation with stocks and begin to dive like it did so many times since this pandemic started.

I guess after Paypal announced that thing, it could bring fresh air for cryptocurrency, especially bitcoin, to have more support because we know that Paypal has big members.

The answer will depend on your target price. If you make $12k, $13k, or $14k as your target price to sell, you can place an order at that price, so you don't miss the chance to sell bitcoin. But if you want to sell bitcoin at more than $19k, you need to be patient because the bitcoin price does not yet touch that highest price.

If the bitcoin price is down again towards $8k or another down price, you can buy more bitcoin, but once again, that will depend on you. We can suggest you buy bitcoin every time the price is down, but only you will know your funds' conditions. Think twice, and analyzing deeper will be the solution for you before you decide to repurchase bitcoin.

price was already heading towards $13k for a couple of days now. this news was only a tiny catalyst!

i'd argue that the "rally" started a long time ago and had some obstacles on its way that is why it has been slow. right now it is still slow but it is gaining speed. that is why it may seem like it was just started.

make up your mind :D
if you claim this news  was positive then it can not cause any drops! although as i said this news was too tiny. the trend has already been upwards.

I think that the FOMO phase started a few days ago and everyone,who wants to buy BTC has to act quickly.
On the other hand,I don't believe that this price growth will be sustainable in the long term.The price will eventually crash and most of the traders will start panic selling at some point.Anyway,short term profits can be gained,if we act smart.
If we try to ignore the news about Paypal,there's no other force that helps for pumping the Bitcoin price.

I wouldn't go for any leverage as that's not my expertise. You need to determine yourself if you can bear the risk that it has. The decision lies within you. Whether bitcoin soars to $14k or goes back to $8k.

Think which side you are. The short term side or you are one of those investors and long term holders that are decided to hold until we see such unexpected high prices. Buying at today's price will always depend how you look at the market. It can be early before the take off or it's too dangerous as we're just pumping.

It's expected since there are so many little dump happened after a good pump came and I see this pretty normal, but what most important there is it reach for $13,000 which people doesn't imagine that it will came by now and a high chance that we can see more since even at this moment the price is nearly coming to $13k figure again so might we will see the $14k on next month.

Leveraging require a great skills, you should not ask the community about this one because you have to find out why you are doing it, this is not my expertise but I know its risky. Anyway, this is a big news Paypal shows a great result in the market in the past days. Actually, after the tweet of Trump about the bloody market I thought bitcoin will go deeper again, fortunately Paypal made this announcement very timely. Paypal users can easily buy now bitcoin, and yes this is not just an ordinary company expect the good impact in the market.

Definitely, the exact same thought that came to my mind is this only. I recently checked the weekly charts and it looks like this pump will last this week only and the next weekly candle will be a big red one as its next leg looks to be a bearish one. I believe this will throw BTC under $11k next week itself because whenever a positive "news" came, BTC always got defeated downside. I hope I'll get a chance to buy BTC "cheaper than this" once again.

it is party time because paypal is now finally friends with cryptocurrencies , party time for those people who bought btc at early days or on cheapest price but not a party time for those who joined late and have bought btc closer to the price it have now . they should  wait a bit longer because this is just the beginning but if more people got curious when they see the paypal update , this effect will just spread like a virus stronger than covid .

this news was positive , no declined happen but just pure inclined  . btc at 13k was not cheap but its worth the risk because paypal plus crypto can do magic later on.

Don't forget with another factor that can make bitcoin price up like a few weeks ago. US government will spend another stimulus to push their economy due to coronavirus outbreak. The stimulus is planned to be passed before the presidential election on November 3, I think the movement market right now is not about a good new from PayPal only, there will be many investors who store their money to buy bitcoin because they are afraid the dollar index will fall. So, I think just have a little chance for bitcoin price fall to $8000 again, even before this information came bitcoin price has strong support in $10.000 barrier.

Fall is always possible to happen thats why its not safe to presume that we would really continue to see this price increase rally.When it comes on pointing out what reason on why the price
had move on this way then no one knows but this current Paypal news is the most near reason that we can really tie it up with the market.We dont know if that US govt is an another reason
but nevertheless then these things are really some good catalyst on driving out the market on a bullish manner.The question is , would it able to hold up for that long?
Huge sell-off is always there to happen but talking about going back to 8k? We are just too far off with that but if there are circumstances or events that might happen along the way
then we might able to see it once again.

Not at all a good to dump. All indicators for bull is signalling. The limits have been down, is just time that it will take that we can see the repeating of 2017. The good times are coming back for investors, buying now can be a profit time.

This big increase should not stop this quickly, I really hope for it to go break some new records, I am sick of bitcoin going up for a while and then dropping to a new low and suddenly not doing great once again, what is the purpose of bitcoin going to almost 13k if in a month or so we are going to be back to under 11k once again?

That is not useful, maybe for traders it is a good thing so that they could trade and make some money, but for people who are not traders and long term investors or even users (as in work and earn) it really doesn't make sense to me at all, I wouldn't really consider it a great idea. That is why I highly suspect this price should be going further up and up if enough people are thinking like me, there is no reason not to think like me when it comes to bitcoin going up, shouldn't we all want it to skyrocket?

All the signals are there but still investors needs to work out with good research before jumping into conclusions, PayPal brings the  hypes and with such actions many will fomos and the chance for whales to play needs to consider.
Many investors will try to hold as the value keeps rising, it needs to have a good target range and not be too greedy to prevent losing this opportunities.

If we are to evaluate the bitcoin market trend and yes its not yet time to celebrate but if we are to consider the most anticipated news of paypal implementing cryptocurrency which was later announced yesterday that they will takeoff a new service that will support customers to buy, hold and sell crypto it worth celebrating.
Hopefully amazon will join.

That hadn't occurred to me. Good point, very possible.


Yep, stocks are in a scary place right now. The S&P 500 and Nasdaq indices are both testing their respective 20-day and 50-day MAs, and the top of their previous trading ranges. Failing below these areas could cause a significant decline, and I believe you're right that BTC would follow.

Since this pump felt very news-based, and stocks aren't moving with BTC, I'm still a little concerned this will turn out to be a "sell the news" event and we'll continue ranging a while. I need to see a break above the June 2019 highs ~ $13,900 to rule that out.

The Paypal news is a positive news and I don't think it will have a bad effect on the market that the price will go down to $80000 and I believe that the news can pump Bitcoin to $14000 level, there will be millions of merchants opened for Cryptopcurrency holders and they can use their coins to these merchants, what could be positive than this, it's one of the best news this year.

Its indeed a good but one it wont really be enough to drive out prices on those level but somehow we do able to touch 13k once again after we have been stagnant for so long in lower levels.
Its better to have these adoption news rather than have nothing at all.This news proves out that we are really heading there but im not really expecting that much on it.
Lets see on how far it will go and lets hope for some another major news of acceptance or adoption into bigger merchants or companies out there.

Such questions are mostly asked by beginners who do not understand when is the best time to invest, and see some logic to invest when we have such big jumps due to positive news. The right time to invest was either when the BTC drop more than 50%, or at the time of the halving when it was worth about $7000 - at least as far as this year is concerned not to go further into the past.

$13 000 is cheap if you enter the long term, but it is also a risk if you go in the short term given the current situation with the pandemic in the world. The question is how much PayPal news will hold BTC this high, but I would not bet that this is the ultimate bull run that will reach the new ATH. Whichever way you turn, you gamble at the moment - those who invested a few months ago have only sweet worries about whether they profited 100% or maybe 300% 8)

I don't think the market is anywhere near the point in which Bitcoin could go up by many thousands before correcting. But I do think it could go over $14k before correcting back to $11k or $12k. It established some support in $11k before, and then established a market bottom at $10k. I could see it going back to $11000's one more time, but I feel like before it does that it has a bit more room to run this upcoming week.

Things are definitely looking bullish these days in general though. When the bull market started the market got wayyy too excited, pumping it from $3000 to $13000, so we had that six month correction bringing the price back to reality of double the bear market bottom. Then it started moving up to start this year but Covid got in the way and put off BTC's topping of $10k for a few months. But now with the Covid crash well in the past, with $10k now solid support, recent institutional/corporate buy-in news, grayscale pumping, paypal - things are getting decidedly bullish for Bitcoin and I think we're moving from the early stages of the bull market into finally the middle stage where we see BTC start taking on prices around the peak of the previous market cycle and building a solid foundation at those levels.

The party has not yet started I guess it will take some time, and yes till next week we can expect some positive trend's. As the US election is nearing there might be some twist in the tale movement, but at this point of time I recommend not to buy coins because  of its volatility.

Honestly no one really knows and just as there are events that are making the price to go up there are some issues that worry me that could make the market to go down, personally this is why I like holding, a trader needs to take some impossible decisions with very little data available while a holder only needs to do one thing and that is to hold his coins no matter what and avoid becoming a victim of panic if the price begins to go down too abruptly, and that is easier compared to the decisions traders need to take almost every day.

There you go you have the answer regarding the PayPal new rally. If you look closer anyone who purchase the coin does not own the coin and if that is the case what kind of adoption are we talking about, if the markets really rallied because of that it will not hold up. I am not big into the weekly candle stuff but i want to see how the market reacts in a couple of weeks.

My best guess is if the market stays at $12k or $13k next week then the $11k price might hit next month and possibly would get back to the $9k range if the market tries to be bearish. I see this pump as a temporary pump it's just a matter of time before we start to see the stable $9k to $10k Bitcoin price. That might be the lowest for the next correction but I also think there might be lower than that, like $8 or something.

The fact that bitcoin held on to $13K strongly while stock markets sold off hard and while alt coins tanked is a good indicator that we might see new highs sooner than later. I think that there is some large institution that is keeping a bid on BTC since it seems to be the only market trading sideways or upwards while everything else is tanking.

Generally since Coronavirus started bitcoin had a pretty close correlation with the stock market indicies. When the markets went down in March so did Bitcoin. And they also recovered at the same time. And they pretty much trended alike for the past couple of months. However in the last week and yesterday it seems that bitcoin is the only asset that is holding up while everything else is tanking.

I am a bit happy to see bitcoin price can stay at $13k for a few days. Perhaps, it is a sign for bitcoin price to have the time to increase more than the price now. So we can hope that the price will rise again in the next month and have a chance to break $14k-$15k. But we still need to be careful because there is no guarantee that the price can still stay at the current price, and perhaps, we need to prepare with another strategy or plan to decide with the current situation.

But if we check the price or the line at the market, perhaps, the trend will be sideways for a moment to get more support so that bitcoin price can increase higher later. I hope that the price is not going down because we expect to see the bitcoin price rise.

When the S&P 500 dropped 2.6% (high to low) yesterday, BTC dropped 3.6%. Strong intraday recovery, but stocks are still in a scary place, hovering at the 50-day MA and below the 20-day MA, and threatening to fail back into September's trading range. I'm nervous about what happens to BTC if that failure occurs.


Probably just a short term divergence. I think it's more likely that stocks recover or BTC dips than a long term break of the correlation.

It is always nice to see the price of bitcoin maintain itself but from now on it will be interesting to know what we will see, there have been many years in which the price of bitcoin went up significantly at the end of the year and I think we all still remember what happened at the end 2017 in which the price of bitcoin exploded, while I doubt we are going to see something as big as what we saw at that time there is a legitimate chance the hype could be enough to get us reach the previous ATH again and maybe surpass it for a few days.

I couldn't get how adoption of cryptos by paypal will drive the crypto market down in any means? I am seeing it is a kind of big news like how Japan's legalization of bitcoin worked. Recent halving and world wide slow economic conditions due to pandemic are already pushing bitcoin toward $20k or toward a new ATH and paypal's adoption must be working as another catalyst which may help prices to jump at any time.

Always institutional funds are key on triggering the trend and then traders and investors' FOMO will follow. Above all, we must consider unemployment scenario of most people world wide like they may prefer gold and bitcoin but definitely only after ensuring their food and convenient life. So, this may be a right time to buy more but definitely not with leverage.

Pump as it happened in second half of 2017 will for sure not happen this year. First old ATH has to be reach and I dont believe we will even do that this year. Pump will happen at end of next year or at first half of 2022.

I think the rally has started for btc since the last few days. Moreover, paypal adopts crypto that makes bitcoin stronger until it reaches a price above $13k today. In my opinion (without technical analysis), bitcoin will continue to rise, even if there is a decline that is only a correction.

It doesn’t make any mistake if there’s a price droplet’s get ready for another leg down buying cheap BTC, before the price goes up

The rally has been made after the Paypal news and fortunately, the price isn't went down after that but it held its price range now.
The "Buy the rumor, sell the news" quote isn't that happening right now already :D.

Party time?? There is no party time for me since I'm still a long term holder of it. Just a bit happy that it went up instead of going down and most of us are feeling the same too :). $13,000 price right now is cheap because it will soar higher in the next years or the other way around :D.

you guys really need to learn how to zoom out the charts and increase your long term memory. bitcoin price has been rising for most of October (about 25 days with 38% rise) while PayPal news came out about a week ago, and in that time price only went up 8%!
not to mention that if you zoom even more out, you can see that ever since the panic sell in March ended price has been rising from $3850 to the current $13500 which is a 250% rally in 7 months.
in other words the "rally" has been happening long before PayPal news came out.

Rally started not just a few days ago, it started about a week ago and it has been going strong ever since.

I believe altcoins will recover as well, this huge pump in bitcoin was something unexpected and even though the dollar price of altcoins didn't take a hit all that huge (just 5% on average which is normal in crypto world) we are talking about altcoins finally getting their share soon as well.

What happens in these type of scenarios is that everyone sees bitcoin going up and they get involved and they try to make money after it is already up, maybe it will be $15k or even $20k but you are not going to double your money here. So what happens is, people move to altcoins to keep making bigger profits and that means a bitcoin increase is almost always followed by altcoin as well after a while.

Altcoins will recover, but that's not going to be a general statement for every coin out there. I think many projects realized they needed to stop spending time on markets and instead focus on building and development. Value is getting close to what it actually is for most in terms of utility vs demand so people are also beginning to understand that. In this case, many coins can be "undervalued" and once people pick up on that, it should see an uptake in demand (and then price).

I don't think we're quite there yet, but you're right that we're heading that way, sentiment wise. In a way, that suggests ALT/BTC pairs may not be so far from bottoming out (or in other words that BTC dominance may be near a local top). Once the hype buyers, the "get rich quick" speculators, have been shaken out and have sold to stronger hands, the market can reverse to the upside again. Interestingly, ETHBTC (one of my gauges for the overall altcoin market) is hitting some pretty key support levels too, after 2 months of downtrending.

I have a feeling the September 2019 bottom in ALT/BTC pairs was the beginning of a bullish impulse, and that we're currently in a Wave 2 bearish correction, with much more upside to come next year. I believe Bitcoin and altcoins are going to return to their old bull market dynamic from 2017, with money flowing back and forth between the two markets. Ultimately that means a bull market for both BTCUSD and ALT/BTC pairs and a bear market for BTC dominance.

People are acting wisely know and asking the very important question of "why should I buy this coin, what can I do with it?" which wasn't a question many people asked for a long time.

Utility was an important aspect of each coin and people ignored it, sure there is a great coin with amazing blockchain but if you do not have anywhere to spend it and nobody accepts is as payment, why invest into it? What could it become?

I would rather have a coin that is not developed amazingly, definitely inferior in technology but has a place where you can use it constantly and the more people use it there the more owners burn it so price gets more valuable, at least in that situation you know why you should have some.

BNB was the first example but with Defi a lot more people started to care about being able to spend it, even if they won't spend it they just want it to be like that for investing.

That happens a lot to those people that day trade and are only interested in the short term movements of bitcoin, and even the crash on March could be interpreted as nothing more but an interruption on the overall positive trend it was present back then and that the pandemic and the stock markets affected it to the point a crash happened, but since then we have seen nothing but growth, however while the growth in the price is always appreciated, at the same time I am getting a little bit worried as the increase seems to be happening too fast and that is never a good thing.

Would still be a hard decision to make because even someone do able to spot out some coins or projects which are undervalued but you cant be sure that it would really be taken or get some recognition later on
but this is a worthy shot rather than picking up some coins in random or without any basis but sad to say that there are shit tokens out there which had been pumped instead into those coins or projects which
are more worth to spend some money on thats why its really totally unpredictable and thats what makes even more harder to make up some decisions.

Bitcoin always surprises you, just a few days back we never anticipated the price to rally like it did and it is well above $15k  :D. I did not expect this in the slightest.

I would like to know whether you made your decision to purchase the coin when you started the topic, i did not expect this rally but you had a hunch that it might go higher, it was crazy ten days and i have no idea where this is going. Even i was waiting to enter at a cheap price when i get my payment and this pandemic has ruined everything for me.

that would be nice if the month of december can give btc a stable gains but that can be possible because december is a special month for every year and the sales of every items increases and why not on digital currencies ? but no months can dictate if what will be the value of btc but the decision still depend on the hodlers and sellers . the increase shown by btc from 10k to this point is already called a momentum  . i think 15k usd is already achieved and from now on people set another record for btc  .

it wont be close but oppurtunity will always be open  . no high price can stop an Opportunists person to gain an advatage of the situation .

But we can take away totally the influence of PayPal from the scene. PayPal has been used for means of payment and bitcoin too is popular on that , you can expect a rise if these two payment channel can work together without any difference. Both users can freely send and receive fiat through them. It can lead in the bull currently but we don't have to keep seeing only bull to avoid losses.

PayPal has a significant user base and the most important of all of this is that many people that did not bought bitcoin because they did not know how or they did not trust exchanges now have a way to do so and this is very important, so I have no doubts that this is going to push adoption which is exactly what we need because as we know bitcoin is being used as an investment most of the time and there is not a lot of people that use it for its actual purpose which is to be a currency.

I do still doubt that it would really be mainly used by those who are crypto users if they would touched out Paypal services, not all will surely see this appealing but there are still who do decide to make
utilization of it and this is better rather than having nothing at all.

Adoption is indeed on the move and this paypal news is really a big leap towards adoption yet this had created some more awareness of bitcoins existence and next people will neither
learn up all things about it.

Im aint a fan of using up centralized services or platforms which i dont able to possess its key because we know the main rule that if we dont have those keys then its not ours.
Use them up wisely though.

if you look at the chart, bitcoin started a significant rally since 19^th October from $11,500.
20 days later bitcoin succeed reach almost $16K, despite a brief dip bitcoin still be able to manage its position above $15K.
Bitcoin at the strong position right now, imagine what would happen 2 weeks later, bitcoin may reach $18K and $20K by the end of this month.

History may or may not repeat a few years ago but waiting to return $8,000 is pretty far away now. Bitcoin is steadily rising, with no signs of a bubble at the moment.

So, Stedsm, scrolled a little bit but didn't see if you said so but did you go in at 10x leverage on 13k? And did you make your easy 20% profits? Probably could hit it again today I guess;)

Not a fan of trading or leverage but I figure if I ever did come into a lot of money (say, by winning the lottery), I'd probably put most of it directly into BTC, and then use the rest to do limit buys and leave it for months to trigger, if not, I don't lose out TOO much.

When we will reach and destroy the last ATH expect a bull run like you have never witnessed before. Now bull and bears are poking themselves, testing the ground while volumes are slowly catching up. Remember when the liquidity shortage will hit the masses there will be no bitcoin on sale for everybody. It is about time and it is not a matter of if but when this will happen.

Yeah, I don't think we should wait for it to go down at $8k because it seems Bitcoin is slowly growing right now. So if you are planning to buy then you should do it now, I don't think it will become a bubble though.
In fact, if this continues we might see a new ATH before this year-end or might be in the 1st quarter of 2021. Perhaps, the allowing of Paypal to purchase crypto through their wallet gives folks of a convenient way to access and purchase Bitcoin, and that causes this surge. Just keep holding for now and take this hype as an opportunity.

People like us are never going to touch it and I think they know that already what they are trying to capture is the public that may be interested in cryptocurrencies but that at the same time are worried that they could be scammed since they are doing something they have never done before and they trust in PayPal instead to carry that transactions, but how big can that market be? Quite honestly I think it is huge, as many people have heard of bitcoin before but they do not really know where to buy it.