Bitcoin Forum

I'm just opening the post in advance.

It's been a long time HODLing, not selling a dime.

It's been worth it.

Cheers guys!

:)

Hmmm, people are getting scared to sell. I wonder if this is a sign. :-X

It'll be interesting to see how this thread ages, compared to your other thread where you had planned to sell at the old ATH. I'm very confident we'll reach $20K again, but I also sense a lot of greed in the market right now, and that a brutal shakeout is on the horizon.

Other reads on sentiment, with price having just touched $18.5K:

I have noticed a surprising lack of bears trying to call the top.

Bitmex swap funding has remained positive for 2 weeks. Predicted funding rate just jumped to 0.08% on today's pump.

Fear and Greed Index is currently at 91. Extreme greed. How high will it go before a classic Bitcoin shakeout?! Stay tuned.....

i still don't think breaking $20k is going to be that easy, as we get closer to the ATH and we will start see how the selling starts by panic sellers just like all the previous times when they slowed down breaking out of the previous ATHs of those times.

people were scared to buy which is why we are seeing panic buys these days as the price goes higher. this is officially the FOMO that some people warned about when nobody bought bitcoin when price was low thinking there would be a big crash where they could buy more. now they are left with a lot of money and the opportunities vanishing by the minute. which is why they panic buy.

As this run is not driven by retail investors I think there won't be as brutal of a shakeout. As long as demand from big investors remain big, the small fish that get scared will hardly dent the buying pressure.

Some corrections will be inevitable, but currently the inflow of cash is just so big that it may not be as panicky as we have seen in the past.

We are near to the 20k dollars and we hope it will hit that again but we need to still to buy more and hold it brcause anytime if the people starts panic selling we know the result and that is dropping value.

This is we are here again to the bull run and please we need the cooperation of everyone so we can see again the bitcoin value will rise more because we are getting benefits from this.

Wouldn't call them scared, I'm one of the low profile bears if I do a throughout inspection of myself but I'm taking this run to 20k as something that simply should happen, and probably a low of people take this for granted as they simply wait for it just like the clock at new year's eve.


Probably not by much, after we hit 20k it's unknown territory, and just as many think it will go to 20k probably a lot think that after 20k we will see a dump, it will be a problem of how much coins and how much fiat is on the table. I'm not planning to move a single satoshi to the exchanges at this point, I might lose some $ but for my mental health is better to stay away from the markets during those times.


Hmm, maybe, but I see the initial push above 20k happening pretty fast from under 19500 levels, just like that final push to get things done, but after that, it might be a long period of ups and downs, probably decorated some serious one order dumps that make no sense either. Time to get some popcorn, too bad this didn't happen when we were locked down in March but now when I have to go to this damn job with all the protection on face and hands so I can't keep browsing around that freely anymore to enjoy the moment  ;D

I can't remember what is the greed index during the 2017 bull run, but I'm guessing its close to that number as well. But assuming the numbers is correct, I will reckon about 70% before we can see a huge shake-out? hehehe. So lets see a run to $18.5 first.

Too soon to say anything. But positive signs are there with the proof of the powerful momentum. We have moved so far since the beginning of this month. It has been more than 3 years since 2017. Most of my coins have been sold but I still work hard in order to collect more both bitcoin and ethereum.

Congrats to everybody for being so consolidating in the past few years.

^ Congrats to us. But panic selling can definitely ruin the possibility of reaching $20k in the soonest time but we can't blame those holders if they sell their bitcoins for they are experiencing FOMO and since we all know that bitcoins remain volatile as of this moment with the sudden move of whales the priced may be crashed anytime. Nevertheless, due to the mass adoption of bitcoin we can experience again the ATH for the demand keeps on increasing because large companies like Paypal already acquire bitcoin in their services and more people become aware of it and started to invest in bitcoin which could be the lead contributor for ATH not unless whales will act and make some manipulation on the price.

I for one am usually a little happier to see people scared than optimistic. Not that it changes what I'm doing, plan has stayed the same and will likely stay the same once ATH breaches (or if?). The brutal shakedown should happen, think we'll see hands releasing for sure, and big moves for BTC to exchanges signal some people at least are ready to cash in.

Greed's also been in extreme territory for weeks too, so that heat's boiling over!

Well it took three years though, that is, if wise investors, started in 2018 to accumulate and up to the March 2020. But don't get exciting or something, still a long way to go before we can reach $20k. The price won't go on parabolic rise, we might see more bumpier road ahead as we inch closer to $20k.

So there's still that mental toughness, more of them that we need, what if the price goes to $20k, gonna sell or what? Or would rather hold till we see new all-time-highs in the $30k-$50k? So there's no time to celebrate really and it's too early to get thrilled.

I think this is also an opportunity for the people who purchased BTCs way back last December 2017 when its price also reached almost $20,000 for them to re-acquire and to regain their loss (assuming they kept their BTCs until now.)

To be honest, I am on the fence on what to do with my BTCs, either to convert them to cash or to save them. Following the trend that happened last December 15, 2017, its price reached around $19,000 but after a week, the price significantly dropped to around $15,000. What do you guys think? Will this year follow the same trend that happened three (3) years ago?

I'd probably sell at $20k unless there will be an obvious momentum at that point but once the price stabilises for a day, that would be a sign I think, to sell my holdings because correction might occur. To think that it's market value increased in a sudden within a month, there's a huge tendency for correction to take place just like what happened before when it reached its ATH. But won't discourage still those who wants to hold because they do have their own strategies. But in my case, I'd be satisfied with that amount.

Those people who withstand the scary moment of Bitcoin volatility are so happy now since they are earning huge for this current achievement what gotten by bitcoin these days, but those who didn't hold are still lucky since even though they don't have any hodl coins still they can still earn huge since the conversion rate for today is so big and they can still earn big once they receive their profits and convert it to FIAT.

For those people who will sell their bitcoins at $20,000 please don't do it because you will regret your decision. That is the last resistance of the bitcoin and it is considered as the major resistance where if the current price breaks it then for sure a rally will most likely to happen wherein we can see monstrous single day gains. I actually thought that the bitcoin already $20,000 because of the title of this thread and I quickly view the chart because I have a plan to enter when the price breaks the current all time high. I'm not fear because the market is full of greed wherein there are still whales and investors who have huge funds that are still acquiring and collecting as much as they can. The end of the 2020 will be gonna be good because we can see the bitcoin to reach and create a new all time high.

Not yet but almost over there, we are as of writing in the $18000 and it seems to continue to climb up and we are not yet on the last month of the year, there's a big possibility that we will eventually reach $20000 before the year's end.
There's a lot of speculation of another all time high, I doubt that two weeks ago but now I'm believing that we can reach another all time high this year.

My bullish opinion is maybe we can surpass the last ATH from 2017 this year and Im expecting a new ATH Im pretty excited how far bitcoin price can go this year ,early Christmas gift to those who are holding btc, I hope altcoins will do the same.   

Well having at least a month and half left this year doesn't tell us that Bitcoin will continue on its pace this way until the end of the year. Remember that during the 2017 bull run it cut short just by 2017 is ending. Bitcoin's rally didn't really continued just because there is time left during that year. You must always look at the charts and see if what you are seeing has a big possibility of happening since right now I can say that Bitcoin is getting weaker and weaker support everytime it rise up without volume.

You beat us on this thread, there were a lot of posts talking about Bitcoin reaching $16 k $17 k and people are asking about Bitcoin reaching $20 k, they are not going to ask anymore, because there's a possibility that it's going to happen, people are now on the watch on what's going to happen in the market, it could go to another all time high any moment, if it jump to 10%, another 10% is not a remote possibility that it's going to happen again.

Although there is no one who will know against it, I doubt if there is someone who hold bitcoin since its price was $3500 and hold until now. There will be some factors who will make him to sell their bitcoin because he will be loomed over that bitcoin can crash from $20.000 to $3500 although its price starting from $1 at 2009 ago.

But, for bitcoiners/bitcoin's investor right now who see that bitcoin can recover that just need at least three to reach its all time high they will be investor who will hold bitcoin for long term investment. Although later its price crash again like three years ago they will be comfortable to hold it. Because he will knows that bitcoin can recover again although it need time.

Why congratulations on something that hasn't happened yet? It doesn't seem as smart to me as the obsession with $20 000 as if it's some magic number we have to reach. This is a game where we are just spectators, it will be the way the big players decide.

---

As far as I noticed among the forum members, many still believe that we are in a situation identical to the end of 2017 - but as you say this time the money comes from some completely different sources, and the average Joe is mostly just an observer who does not dare to invest for reasons because he has no surplus money, because he lost his job, or is one of those who lost a loved one due to a pandemic.

Also, the whales have lost a good portion of their maneuvering space due to the large amount of fresh money entering the market and targeting all available BTC available on the market. I also read today that Chinese miners (https://bitcointalk.org/index.php?topic=5290582.0) have big problems with selling their BTC through OTC, which means that out of the already small amount of new minted coins (900 per day) very few fresh coins enter the market.

It's too early to tell but definitely the kind of news, worthy of seeing and reading, because of the long wait we want to see something like this where the price of the new all-time high is within reach, people have waited for this for three years, in fact, many of us here are not yet holders of Bitcoin when the Bitcoin hits it's all-time high back 2017.

I just hope it's a different scenario, very much different from what we've had when the time it surpasses the old all-time high it will continue to set more records and milestone.

They have to play smart in order to gain the best, highest profits as much as possible, if they are buying it for the long-term when the time comes, bitcoin price may crash up to 50%. Bitcoin has been entering a new bull-run mode, very likely to hit a new all-time high, probably $30k or $50k in mid-2021. Nevertheless, a good point to hold bitcoin as long as possible, give the time for institutional investors to invest huge money into bitcoin and be ready to cash out before the main correction occurs.

Finally, we see $18k again after waiting for a long time. It's been exciting to watch the price go up and down this day.
And although the price reaches the lower price, it bounces again after that.
The price now will break the next highest price, and I guess that we already see the new ATH for temporary.
We will see the next ATH, and maybe that price will go up to $19k, although we don't know when it will happen.
If the price can touch $20k, I am sure that we can sell it together, making us make a profit again at that price.
People who still hold bitcoin from a long time ago will be happy to see $20k, so they will be happy to sell at that price.
We now have a big chance to recover our losses this year, especially if the price can increase more than $20k.

I think what we see now is season transactions. Cash conversion and investment is driving the market and this is majorly of retail sales. The correction is getting closer with bitcoin now at 17,456. I guess at the 18,000 may be the strong pull back of correction.

Many people think now heading into 2021 is the second ATH time after what happened in 2017. It is likely that investors in the past,
because they are experienced, those who still hold bitcoin to this day to make a profit in this second ATH. It’s no exception for newcomer investors.
Like some big American companies and PayPal. They just adopted bitcoin. With the intervention of some of these big companies,
bitcoin is likely to rise strongly, even to 20K. It’s probably going to go higher. Why not!
Very lucky if you still hold bitcoin to this day.

Congratulations!

Its a rare case that someone do make out some post that they do able to held up for this long.Have you bought Bitcoin when it peaked in 2017?

If you do able to hold until now then its not really an easy journey because no one can really be sure if we would able to hit back again possibly that price of 20k.

We are just 2k+ more needing for that rooftop to be hit up.Patience does really pays off in some circumstances.

totally agree with you, bullish this time is more mature than 2017 ago...
the inflow of money seemed very strong from last 2017, I still remember very much that year the price shift from $ 15k to $ 20k was very fast. This time bulls are different and more measured, for sure we'll see $ 20k in the near future.

Well well well the jinx has struck ;)

edit. and the jinx is gone! ;D

Cheers! It's good to hear these words from you. After the thread yesterday, many of us advised you what you must do as if you're about to sell. But here you go, you've changed your mind and I'm happy for you as you hold.

I've told you to sell at any price of your will because that's what you want and that's what I actually did. Let's wait altogether until bitcoin finally goes back to $19k-$20k but for now, we have to see it dropping to refuel before it skyrockets.

Remember that this is 2020, so something like this might be the final jinx of the year and cause it to go in the opposite direction :D There isn't any rhyme or rhythm to the current price increase - unless you think it is driven by the recent change by Paypal or possibly large investors buying more of it up. It's actually peculiar for it to be spiking right now, as the economy is getting better around the world (after the vaccine announcements) so maybe it becoming a replacement for physical gold instead - that's dropping in price right now. Either way, I hope I'm wrong and everyone gets to watch the $20k peak for a second time!

We are all aiming on the same target and its good for those who held a little bit and didn't make any sell yet I have already secured myself on getting my profits earlier

but I had made some buyback and some possible accumulation if this price will somewhat correct itself but it seems its way too unstoppable at the moment

where price doesn't have the plan to get back down.Lets just wait and be careful on what would be the possible movements ahead.

The same as you, I took profits and it's a normal thing to do to take advantage of the price pumps. We don't forget to hold, there's a secured portion for long term holding but don't also ignore to have some profits that you deserve as you wait for a better price.

I wish that you have bought when it came down around $17,500. You've got another batch of profits if you have done that but what's important is that bitcoin looks stronger this time and this is a natural sequential increase.

Nice advance party mate,But good enough to boost our morale as long time holder and being denied of this price for long time now as i have bought my coins at 9k last year and completely waited like you never spend a Dime for this season.
either coming this month,or next or even in the middle of next year still i can keep holding because o believe that the time is very nearly to come.
and also waiting to sell so i can Buy altcoin as surely they are the next to run and i wanted to double profit for that almost 2 years of waiting.

I am sure that many of us are already making a profit from bitcoin at $18k. It is a big surprise to us because the bitcoin price can finally touch that price again. The price that we are waiting for almost 3 years ago, and now we are back to make a big profit. Although the bitcoin price now is down at $17,800, I am sure that the price will soon break the barrier of $18k, and the price will jump to the high price. We already saw the correction yesterday, and I think this day and the next day can be a good time for bitcoin to break $18k. But we need to be careful of another correction that can happen at the weekend because the price will usually adjust to the lower price and then it will increase again.

I think the large majority of people already sold at $14K, judging by the posts on twitter and bitcointalk. And the ones who have been holding for years, most likely won't sell at $20K because they want to see if BTC will do another one of those moves where it breaks previous ATH and goes parabolic to like $50K+ or so.

Whether 18.5K was the top is hard to say. Looking at the transactions it doesn't seem there are many people rushing to get their coins on exchanges to sell. So Ithink we still might go higher. I think $19K will be a hard nut to crack because many are expecting if $20K doesn't break, then better to sell at $19K and get 5% less than never get a fill.

Bitcoin is trying to break $ 18k, can't hold it, Bitcoin will definitely hit $ 20k or more (possibly before this year runs out).  demand for Bitcoin continues to increase as good news continues to emerge, one of which is Paypal which includes Bitcoin into their business, and also news that the 2nd richest person in Mexico owns 10% of liquidity assets in Bitcoin..

Looks like seeing your thread the market is thinking of taking a break :P. It is good to HODL for a very long time as i am still waiting for next year so that we might reach the full potential with the rally but i do not mind booking my profit if there is a minor correction and i wont be surprised if we see a small correction after the price of bitcoin rising to around 15% in the last two weeks and we need to have a small break before moving higher once again.

Let's hold our horses for a second. I know we are not going to suddenly crash and it looks like we are going to hit $20k very easily, but that doesn't mean we need to act like we are already there, we still have some business to finish. We are about 10% away from $20k and that is something very easy for us to do but remember, just like how 10% increase is easy for bitcoin, it is also as easy to drop 10% as well, we could wake up to $16k tomorrow and I wouldn't be shocked neither.

So, we just need to keep our focus on $20k and need to keep grinding away until we are there. After we reach $20k we could start celebrating the new all time high and hopefully this time around we will keep going further and further instead of dropping like crazy because last time really did hurt us for 3 years.

tell me that your a time traveller and btc did reach 20k . common dont be shy , you dont need to hide it with this advance post :)  . you are long time term hodler ? how many years you already hold your btc . congrats for reaching this point  .

this point is where the decision of selling or continue hodling gets harder because the price is way too high . not all reach this far but i feel that they already sold thier btc before especially when the time that btc starts moving forward beyond 10k usd .

First of all, it will be good if Bitcoin reaches $20K and last time I check the previous ATH price of Bitcoin during December 2017 was $19,665.39 which make Bitcoin to have never clinched the $20K price range before but why did the OP say the price to reach $20K again?
With that been said, I don't expect the $20K range to achieve very fast cause some slightly market correction will happen just to strengthen the bullish.

congratulations mate, it looks like now you enjoy the profit you get,
do you hold Bitcoin when the price is below $ 10000 ?,
if so, then you are the lucky one, just hold on until the new all time high is reached mate, don't give up.

That's the spirit. 20k doesn’t matter we already surpassed the previous market cap. Bitcoin looks like it’s going to touch $20,000 once again. So why you put sell order, better do HODL little more and not to be hyped about the action. I can feel those excited face who've been HODLing long term. All I know is, I'm waiting for it to hit and I think there's a solid chance.

Let's not jynx it :D. I mean it looks like we are going to $20k and I really hope that it happens soon but I am not going to act as if we have already reached it. It is quite possible that price of bitcoin could return from $20k and become something much smaller in the future, which is why I am still excited about what is going to happen but I am not going to hold my breath just yet, maybe we won't even reach $20k and from this price it will start to fall and become something under $10k again? Who knows what is going to happen, I can't guarantee anything right now.

But, more likely outcome from these increases is that people may not allow bitcoin to drop any further, we are too close to ATH prices right now to let bitcoin go down right now, so everyone will work towards breaking ATH once again.

Are we going to see it happening this month, I am of opinion that 20K per BTC will happen in the month of December, BTC has moved so fast and so quick that it deserve some rest before crushing the 20k barrier.

Yes, for those who believed in Bitcoin and Hodling Bitcoin when majority of users where busy in panic selling. I am sure pumps and dumps doesn't matter for long term investors until his/her stipulated duration, I feel we might go through a small scale correction since most of the money pooling in for bitcoin in last two months are normal users like us not any whales or organization so this time we might not see massive dump like we did see in 2018. Kudos to real believers of Bitcoin for hanging on to it.

The price is not yet climbing the $19000 mark but I'm pretty sure that this early people are already throwing a party or even planning what they are going to do when Bitcoin reaches $20000, we can't blame holders, they waited to long for this, this is why they bought at a lower price, to make a profit and they will soon realize that profit.

I feel to congratulate myself also if that will happen again, the 2nd time around if there is. But until now, even the price able to touch $18k at once, the confidence isn't still at 100% to see Bitcoin rallying at $20k.

The only thing we need is that no whales would try to sell their Bitcoin because we know what will happen next. if we can able to maintain the current momentum the a big possibility that we are able to reach it back or even more. But the problem is that we are not totally in control of them and I am afraid the market it burst as it sometimes happens in the past year.

Why not?
I mean the price going from 11000 usd to 15000 usd and to 18000 usd now very fast , how can you say dont expect it?
We are 10% away from 20000 usd and considering we are often sees the price gained 7% to 10% in a day , so why not once again?
I thought there is a correction few days ago but it is not yet happened , a real hard correction has not yet arrived.
The bull run is unstoppable , a lot of new people still join the ride.

Dont take it too negatively because you cant blame out people on to have those kind of perceptions towards crash or price hesitance due to the experience that
we do had in the past where we did really slapped almost into the floor.

20k isnt really that too far off into this current price which is playing around 17800-18000 level which i do saw that this might be taking a while or does
need even more sentiments to push up the price even way more higher.

Its good to see that there are still people who do still end up on holding their coins upto this very moment.
Its really in good feeling that you do able to withstand those attempts of panic sell after all these years.

We should be grateful that Bitcoin erased every negative speculation and able to cope up even in the pandemic. That's something we didn't expect, admit it. But as always, there might be a "thing" that can spoil the momentum and it can happen anytime.

Even we can't compare the current rise to the 2017 hype, we just need to stay cautious and alert.

A "hodl to death" mindset isn't a bad decision but it's fine to sell if you anticipate that something bad will happen.

Only weak hands would try to dump when it starts to touch $20k soon as if they fear of losing the chance to sell. Well, the 2017 bull run is a game changer to them, can't blame them too because they doesn't expect it but their only fault is they buy during the peak then sell when it's bearish already. I continue to hodl until I am satisfied with the price already then I might sell some but not gonna dump them all during bull run.

I wouldn't just call them weak hands though, investors have matured since the last bubble, and there are people who have bought at the peak and at least wanted to see some profit in the three years that they have been holding their BTC. Weak hands are those who sell because they are afraid of the price going down. And those who are going to see at $20k are just investors who may say, finally I got my money back and then some.

So it's different perspective. Others who also get in at $3k last March could also sell. In any case though, definitely $20k can be achieved early, maybe at the end of the year push by bulls or early 2021.

We will see that later when the price can touch $20k because they think that is the right time for them to sell their bitcoin. They think that they will not make a big profit in the future if they don't sell bitcoin at that time. But they can be wrong because the price can still increase after touch $20k, so they will regret it when they see the price can rise higher.

I guess the other people who lack information about bitcoin prices will buy bitcoin at the peak price because they are late to moves. I think the history of 2017 will repeat, whereas many people buy bitcoin at a high price. But I hope that they can know when they need to sell their bitcoin to reduce the big loss in trading.

2020 has been very great for bitcoin, we literally reached $4k as our bottom this year in march and right now we are going towards making 5x profit if we reach $20k price. That is something nothing else in the world can do, stocks and so forth are promoted by a lot of people but as you can see nothing "recovered" the way bitcoin did, in all honestly we have already doubled from the pre-pandemic era as well because we were $9k when pandemic hit the markets, we are now at $18k, even if we consider the peak of pre pandemic to today we are at double the profit let alone the bottom to today.

Hence by considering all these, bitcoin is the winner of 2020, we have managed to make something incredible happen in this market that no other market could ever dream of achieving.

It is a great year for Bitcoin.

Despite all of what happened, Cryptocurrencies mainly Bitcoin made us positive as people turned here investing more money making the price where it is right now. I guess this advanced greeting is for the next year since I think that the price will not reach the new ATH or $20K this year. It may stay at this price going back and forth but still, I think it will not be reaching ATH.

Bitcoiners had a big expectation for the year based on the halving event. When the pandemic made people suffer, the expectations got crashed. Giving hope to the bitcoiners the market didn't gave up, and we're now experiencing the good out of it. As of now the market is reaching a new high, all who were keen about the market and kept hold are enjoying the year 2020 amidst the covid-19's second wave.

Ok yeah, I think it going to break the 20K, if it does it will get 30 pretty quick.


I wonder what all the "its crashed never coming back bubble naysayers" will say then?

Really advance, you beat all of us here by posting it first, anyway it will eventually reach the $20 k mark and it looks like it's going to happen this year, congratulations especially those who bought Bitcoin in it's all time high if they are still holding it's been a long wait for us we are almost there reaching $20k, so many people thought that Bitcoin will reach it's all time high next year first quarter, it happens so fast, definitely we like this.

I bet it reaches $20K by the end of the month and runs up to $27-$30K by the end of the year. The only thing that can stop it is a large tech selloff. There so much momentum, FOMO hasn't even really begun, and the price is rising steadily but not in an absurd fashion like '17.

That's a very good price but a very aggressive prediction, I would say no.. it would reach $30k this year, it will even struggle to reach $20,000.

of course, the manipulation of the whales could still play here, one big dump and everything will change, they are good at it so I don't trust them that they will not destroy the momentum.

I hope it will reach $20k before the end of the month, and it will run up to $27k-$35k by the end of this year.
The next year, the price will have more chances to break the high price.
I agree that the price can rising steadily, and it will not jump to the high price in a short time, but it will increase step by step.
If that happens, the next ATH will happen in a long time, and maybe the price will be increased to the highest price after the middle of the next year.
But when the FOMO comes, everything can happen, and the price can increase in a short time.
But as always, we don't know what will happen in the future, so we can prepare for anything that can happen.

The current pump is the most bullish pump in technical analysis since its parabolic, the growth is steady and slowly which means there is no major correction will happened in an instant that is very dangerous to all traders. Usually during this parabolic pump, there will be mo FUD for price pull back any moment. There is always a sign like weakness in buy pressure, decrease of volume and low frequency trading before trend reversal occur.

Base on the current price action of BTC, We will see a new ATH that is far from the previous all time high. I hope that BTC will continue this phase until December.

Yeah, Every Professional trader know this and they are still accumulating on this current price BTC. Bulls seems not showing any weakness on buy pressure. A sudden big pump is the scariest thing to happened on any cryptocurrency because we all know what's gonna happened next. All goes up, goes down. In case of parabolic growth, the correction will be gradual and everyone will have a chance to react once Bull run already over. This time, Bulls are clearly in control so sit back and ride.

It took a long time to get here but we are finally nearly there. I have been waiting for bitcoin to reach back to $20k for a long time now, I knew it would happen and I trust that it will happen with another less than $2k increase, but honestly it took too long to get here.

Just think about what bitcoin represents and you will realize that bitcoin should have been over $20k for a long time now, with all the big companies, investors, banks and everyone else realizing the potential of bitcoin this year during the pandemic break and how bitcoin managed to recover faster than anything else and not only recovered but doubled? That was a no-brainer but this was something that was predicted before it happened as well, so people should have reacted quicker before anything happened.

Agreed completely that it took longer but we are finally close to our goal or shall I say milestone because goal is "to the moon" ultimately. There were times when I was not able to sleep for almost a week when the price dropped to its absolute bottom in recent years and I was on my knees wondering if I made a mistake by holding for too long, on top the pandemic times made me feel like the end is almost approaching.

I stood strong and somehow weathered the dismal times and now I'm so glad because during those times I could have easily sold for 4-5k but I don't even feel like selling at 20k because we are on the roller coaster now for maybe at least 30k by mid next year.

Understand that my statement about the market not to reach $20K price range very fast was not that I have negative intention about the market but I am saying the things that have always been the situation of the Bitcoin market before new ATH is achieve cause the market price is determine by every single traders decision. Mind you, some few traders seems to already feel satisfied with the profit they make which the reason why the correction is not hard.

I guess he dont understand that crypto market is a speculative market which anyone is free to make his own presumption and it simultaneously surge in price cant be use to calculate it ATH price and that the momentum that occur before previous ATH is cliche will happen again.

Jinx

It really took time and actually the price increased of the bitcoin is really fast unlike the other assets wherein they are gaining 100% and up in years but the bitcoin did it in just months. I have bitcoins in my wallet and I'm happy that the price is continuing to increase but I know that I will not hold it forever and I just finding a right opportunity to sell all of it maybe I will sell it if it experience a major breakdown or huge drop. I will never do again what I did in the last bull run where I waste a lot of opportunities.

I think that from now on we will have to wait for the movement to $ 20k which is when everyone will start to wait for the new highs, although it is very likely that it will touch $ 20k and it will continue to rise, because even though the price continues to rise steadily, The volume for it to rise as it was in 2017 has to be much higher, and the corrections have to be quick, this will give way to the new green season of alts. You have to prepare because the good is yet to come.

hey, Bitcoin price hasn't hit $ 20k yet, and it's still quite a while,
whether this zone will be successfully crossed or even fail. I myself am still looking at this situation by holding only a few bitcoins,
hopefully $ 20k happens this year and dont sell in the cheap price.

I opened this post out of pure enthusiasm and realized that I had not yet returned here. When I saw 4 pages I expected it full of shitposts but I see that there are some very interesting comments.

I hope this is the week of the 20k. Everything points to us going up: upward revision of predictions, institutional investors buying more and more...

Have a happy week everyone!

You won't have to wait too long, BTC will reach 20k in a short time. No one is sure of success or failure but from the positive feedback, the ability to slip 20k milestone is very low.

The forum has improved a lot since 2017 days to be honest:) I think the best thing about the past 2 years is that the weak hands have left the game and shaken the trees so hard that the "good" people are here. Not that I disrespect all the speculators and dabblers, everyone is a fair share of the ecosystem, but it's the strength of who left that kept things warm for this coming rally:)

Happy week you all, I don't think 20k yet before the big dip, but life is short in crypto!

If we take into account the annual inflation and the time elapsed since the last ATH, then investors should expect a level of 22k. This will be the breakeven point. Therefore, your congratulations are premature, the 20-22k level will be the strongest resistance level, since many old investors will exit here (they have been waiting for this for a very long time), plus some of the new investors will take profit.

Good point though, the ATH was $20k so at $21k, everyone who holds can sell, that's the scary pat of reach an ATH as panic might happen after these huge holders will dump, for them a 5% or 10% profit is already huge because they have big investments.

You did not mentioned the price you bought it, but every one are excited when will the price go to the $20,000 level in fact Coinmarketcap has launch a prediction contest on when will the price of Bitcoin reach $20000, individuals, groups and companies are all excited to reach another milestone after three years, it's like a new year day for all of us here in the community.

So you are confident that Bitcoin will really make a New ATH this year?

But have not you feeling Bitter for not selling in early march when the price is still $8,000 because week after the market collapse and the price of Bitcoin Drops to $4,000.

This is one of my best decision in Crypto Living because i have converted one of my bitcoin wallet into our Local currency in late February and just let them there for another week because i am not decided which currency to re invest.

But there the pandemic comes and into my surprise that the dump happen in just a day so i have a lots of chances tp buy again in lower cost.

The ATH if we are corresponding to the 2017 means the 20k mark is around 12% of the ATH this time which should be around $100k. Once it take off into $20-30k area, it will start growing and very rapidly.

This is very dangerous and anyone getting in around this time must remember that they may lose 50% or more of their investment very quickly should a dump occur due to the economies getting better because of COVID vaccine or any other reasons.

HODL forever!

The one main thing that makes me very optimistic about 20k is the fact that for two times in a row now we have went down and recovered very easily. Think about it, I guess it was around 17k or so levels where we were hanging out trying to go higher, it dropped under 17k and after that it recovered over 17k and even went above 18k as you can see.

Now same thing happened with 18k where price went under 18k and recovered over it as well. So, that tells me next stop could be over 19k very soon, and after that it could drop under 19k and recover over 19k and try to beat 20k this time around. This is obviously a pattern and just because it happened twice doesn't mean it will keep happening all the time neither, but if it does repeat that is the road map we have in front of us.

My thoughts exactly! :D

This is often how it goes. You plan on buying into a crash, but then you chicken out when it actually happens out of fear. As it turns out, that was probably the bottom. Or you plan on selling into strength, but chicken out at the last minute out of greed, thinking the price can't possibly fall. But then it does.

In this case, the OP had previously opened a thread where he planned to sell near $20K. Now he's celebrating $20K before the fact and not planning to sell anything. Let's see what happens. :P

I doubt that he had already sell off his stash when the price had only hit up 19k or who knows that he hadnt able to wait up for 20k since the price had corrected in 18k level.

If he do still hold then he had really that kind of patience yet holding even up to these years since from that 2018 price crash is really remarkable but i do agree into those points

that emotion will really be the main hindrance because we cant just tell on what would be the next movement in any minute or hours, days,weeks and this is what make the situation
even more worst.

Even if you are a hodler then you cant really avoid not to think into those probabilities.

why are you all happy if Bitcoin reach $20k? what exactly does that mean and what is the advantage?
moon, rocket, bum... euphoria is completely incomprehensible to me unless they all people have a serious amount holding in his wallets and if Bitcoin touches $20K, this thing will change his life and helps to solve many things.
Now is for sure not the right time to invest fresh money in crypto. Alo I can't be happy with the amount of Bitcoin which I can get for $1000 for example. I don't see reasons to celebrate (I haven't enough BTC in my hold wallet)

Too optimistic. You didn't think of the other side of it. You know already that anything can happen right?
I know that holders are happy right now because they gain some profits by just holding but did you create a plan if the opposite will happen?

I'm a Bitcoin holder too but I can't congratulate myself still because this pump will have its ending and soon the dump will happen. Not this year but possible next year :P.

I will say it again jinx.

edit I recant again genius op!

This seems like a good way to hex the price, big anticipation of a price could be magnetic and repel as well as attract us towards points.  I dont think 20k is the target, its a point along the way and as we've seen currency value loss its no longer the same point as we traded at in 2017.
   Right now BTC price action is challenged by 2 day momentum and we're reducing in the pace of our advance & weekly moving average which is fair more important is catching upto us.  18k (https://i.imgur.com/zPqueVj.png) is quite important in that measure at the present.

It is clear that in crypto all the possibilities that we do not believe will happen, as well as if bitcoin might decline again in recent days, but there is no need to worry about this because indeed a large increase in bitcoin is not this year, but will occur in the year front.

so be prepared if you already hold bitcoin and for those who haven't immediately changed your altcoin to bitcoin, so that you are not as a listener but also as a connoisseur of the increase.

There's always a risk so better to prepare yourself if you are planning to take your way into this business, anticipation should not
came from other's point of view but with your own research.

OP's advance call is a good sign of havong positive outlook, not exactly but the chance that it will happen is very possible. this pandemic
helps the industry as there are more interest that flows around  and new investors are now seeing the potentials and start placing their investment.

We can't expect anything except anything;) Bitcoin hasn't really moved or acted according to any real market indicator. I mean, yes, stocks are up, gold is up, market sentiment is up, but that didn't exactly do much for BTC in the past 2 years.

I still firmly believe BTC is as likely to hit zero as it is 100k and beyond. And we're still closer to it than 50k even;) Of course I hope, as do we all, but if there's anything crypto teaches you, expect to be surprised;)

Actually Bitcoin had already reached that Level again though the value of Dollar is too low thats why the conversion did not fit to make it 20,000$ per btc but at least we have already achieve.

Now what we are seeing is the close movement to run the 20,000 value again.

Bitcoin already hit $19,243 ,that is 757 dollars to go and we will be on top again.

The question now isHow Much will be the Highest Price of Bitcoin this year upto next.

That will be miracle and kinda really tough to guess the right number. However, we're hopeful and anticipate remain over $20K. Bitcoin stays stuck below $19k for a long time but now time to celebration the big boy just hit USD 19K today and right now trading around $19,350 USD! Very nearing its ATH! Don't be fooled pull out your bitcoins early when Btc still on the bull run. BTC is here to stay for long term!

Thats correct. Recently seen the news about mexican richest person and others getting into crypto space. That has got to do something with this hike. Certainly it takes huge amount of investment to move the bitcoin even slightly (considering huge market cap), it has got to be heavy investment coming along the way.

I also think that, people do get attracted to such hikes, more than the panic sellers. If we divide % panic sellers and % investors (whales) then panic seller are very low in number in proportion to their tiny wallets. Lolz. They cant and never will compete the outnumbered whales.

So it's time to sit tight and enjoy the straight up roller coaster.

$19,442 is the highest point so far since Bitcoin succeed to break the $19k resistance level which means we can expect bitcoin to challenge the ATH at $20k in the next few hours if there is no big retraction below $18,6k. Many people predict that bitcoin may encounter the parabolic SAR at $19,8k, at any rate, we will know soon. However, $20k isn't the limit for bitcoin this year, the potential shows it can extend to $22k-$25k.

It's really worth HODling how ever we need to buy more to hold and see where the price goes up or down people are scared too because sometimes they got panicked and then sell their bitcoin because they don't want to lose profit when they already invested , if you buy bitcoin when the price is really low and now we're at $19k at reaching $20k this can be your big profit that made out in 2020 , you guy's seen the news too? some of rich men or billionaire started to invest their money into bitcoin this is a good sign that bitcoin will become higher price.

NO.

Read again.


LOL.

Good. I am glad you laughed. As I thought it was funny, but we are not quite over 20k. So once again:

Jinx !!

edit
And I now eat some crow.

op is a genius and has time travel solved.!! ;D

I read it again:

"Congrats to everyone for reaching $20k again."

"Not selling a dime."

Still getting the same impression. Just calling it like I see it. :P

Anyway, no need to take offense. It was just a comment on sentiment. I often like to take note of my own sentiment during strong trends. I find that when I'm feeling greedy and scared to sell deep into a rally, a harsh correction is usually close.

I would say this thread marks a long correction to under 15k and we don't ever hit the 20k.

The vibe created in assuming 20k was destiny is okay but to print it on the internet was terrible terrible karma  very disappointed to see it. To make things worse it is now feeding into a second chicken counting thread.

This thread link is to an older thread started on Nov 5th


https://bitcointalk.org/index.php?topic=5286880.0

Our only hope is for the threads to be locked and tossed into archive section.

Well it was a nice run.

 Now that it is over when do you all decide to sell at 16k or let it drop more to 14k.


Shame shame on all you chicken counters. ;)

I'd love to see it reaching beyond $20k, could we say $25k as some speculation says but that FOMOing is hard to stop if investors are started to sell their Bitcoin. Well, I can't think that weak hands will able to change their mindset and look for the good of the market, not only by themselves.

Anyway, we can't really picture out what will be the next step as we closely reaching to $20k. But I was hoping that people will still be calm and never get into FOMO.

20 k is a shit number.

25-30k. from miners viewpoint = July 2019

75- 78k from miners viewpoint = dec 2017


when we were at 9.5k before the 1/2 ing  we were equal to the numbers we are seeing today.

Not that btc revolves around mining, but mining still has an impact on btc prices supply etc.

So to think 20 k is meaning full it simply isn't.

the 25-30k. and the 78k have more real meaning than 20k does.

People expect more growth to happen. Even at an worst situation bitcoin has given life to more number of people through its growth. This is the truth and for the same it is always praised. As in above post the miners view point is mentioned, but we need to consider the demand to the supply. Something beyond certain value will also create a negative impact over the network giving an outlook as a manipulated growth.

I don't pay much attention to price so this has kind of snuck up on me. I have conflicted feelings about BTC reaching $20k again. On one hand I want to accumulate as much as possible and this bull run is making it difficult, but I also want the BTC that I already own to keep increasing in value. I guess the market will do what it does and I'm happy to be a part of this historic moment.

Just don't look at the prices and buy a piece of coin every once in a while.

I get my coins via mining.  So  I have to pay the power bill with $$ not BTC   thus I sell some of the coins.  And save some of the coins.

I sold pieces at

14
15
16
17
18
19

and won't sell until

24
25
26
27
28
29

But like I said my coins are mined not purchased.

I have less risk then buy and trade.
I have less risk then buy and hodl.

But Since I don't hodl coins very long my profits are lower.

I meant that it was worth not selling during all this time. As a result of the other thread you were mentioning (https://bitcointalk.org/index.php?topic=5290380.msg55636350#msg55636350) I decided I will sell just a small percentage of my holdings when the price reaches a certain amount in equivalent fiat. If it keeps going up, I will keep selling when some milestones are reached, but always a small percentage, while keeping invested.

I never planned to sell everything btw.


I will say it again: LOL. Do you think I am so powerful?


I want some of that weed you are smoking. I'd laugh even more.

And for both of you: the thread was started no matter when we reach 20k. A similar one could be opened today congratulating people for reaching 100k but I'm not going to open it so philipma1957 doesn't get paranoid while he smokes pot thinking we will never reach 100k because I opened that thread.

LOL.

Finally bitcoin could drop eventually, we are aware of that and everyone knows that there is no way that bitcoin could continue to go up without interruption forever. However we are also aware that it may not be right now, I understand that there are tons of people who are afraid of the fact that bitcoin could drop tomorrow and could worth something very tiny, like maybe half of right now, and I am not saying it is impossible.

All I am saying is, maybe we will continue to grow until $25k or even $30k? We can still drop, but why think that drop will be right away instead of thinking drop could be after we reach $25k? We could go to $25k from here and drop to 10k after that, which I think is quite possible. This is why I suggest people to put like 20% drop stop loss and keep buying.

Well, it is obvious that it's going to drop at some point. However, this trend seems to me healthier than the one three years ago (jinx :)).


That depends a lot everyone's personal situation but I think it is better to just buy and hold or keep holding and sell a small percentage when milestones are reached as I commented before. If you think that bitcoin is going to keep going up in the long term (jinx, lol) it's better not to worry about the drops.

^Did this post jynxed the price :D lol. Looking at the price, it was almost breaking the ATH barrier before this post was created but we have stabilized over 19k and still failed to break over, we are sooooo close and we are still yet to break over it. I know this topic had nothing to do with it and it can't impact the market that much, I just wanted to show the coincidence of the moments between starting this topic and bitcoin failing.

There is no worry though, while we are THIS close, I doubt we won't be seeing higher levels, I am confident enough to see 30k after we break over 20k, it is going to be a psychological barrier where people didn't really believe we will see it ever again, after we break it the Pandora's box will be opened and we will go to 30k non-stop.

Hahaha I was also wondering the same thing since the price drop down,
But is it really going to drop down or is it just getting ready to bounce higher?
I was waiting for the correction but now I am thinking what if this isn't a price correction but a continues drop like before?

For me what's happening to the price is just correction so we should not be scared because it is just normal.  For those who are now selling will regret their decision because they think that the price will go dump because of the last 2 candles without knowing that it is just normal because prices do not go straight line. The current price already made a rejection in the current support level so it only means that there are now many interested buyers around $17,400. If the price managed to hold above $17,000 then it is consider as healthy but once the price breaks the $17,000 it only means that there is now a bad sign that may lead to reversals.

that it always a thing
- when it is going up, you think it will never end
- when it is going down, you think that it could go a bit more down, so you have better entry
that is why I rarely trade and have deployed improved Dollar Cost Averaging strategy to buy-and-sell without emotions

This is normal since the sometimes we cannot control our emotion on sudden changes on the market movement that's why the action on some scenarios are different that's why we will come up with the mindset on what you are posting here. But for sure if we are consistent on trading we will minimize the risk and can able to look up for better figure and good decisions on our trades.

If its continue to go down then take advantage of it, yes DCA could help a lot. Others are complaining that the price of bitcoin is to steep and that they can't buy any. And now that we are in a correction and a downtrend, take advantage and see how it goes for you and for everyone.

There is a projection that the price could go as low as $12k, so don't be sad, used that weak market we have and buy small units of BTC before it goes up again.

This is the most question now, would be the price continues to declined or this is just correlated with Black friday sale. The price declined just this day so a lot of panic happening with bitcoin movement in the market. So congrats to those who sell their target price and earned profit. In my opinion, price could bounce in any time and can buy some to hold in their wallet.

Yes :) I am tempted to open another one saying: "Bitcoin it's going to go to 0" so the price goes up very fast.


Yes, I think exactly the same. There might be another approach to 20k and another bounce back though. I've watched this video:

https://www.youtube.com/watch?v=WorKn4nmfWs

He analyzes the market between 2014 and 2017 and shows there were two approaches to the old ATH and two bounces back before the ATH was clearly broken and the price went parabolic. This time there might be three, who knows. There are many sell orders in between $19,500 and $20,000. Once we pass the $20 barrier there are nearly as many so that's why I agree with you that when we clearly break that resistance we can go to 25k or 30k easily.

Prime example of not getting your hopes up about crypto prices before it happens. I mean I am not saying it is a bad one, because we were nearly there and he was nearly right as well, but when you talk beforehand on what is going to happen just like you know it somehow, this could happen.

I am not saying we will not reach 20k neither by the way, it will definitely reach 20k but as this topic intended, it wasn't near or soon enough to start a topic about it. In any case, we are in just a small problem phase right now, I am sure we will figure this one out and go back above 19k very soon and hopefully breach 20k once again. I know we have talked about 20k for the past 3 years but the reality is 19670 or so as seen as the highest bitcoin reached, so if we can see 20k for real, that would be awesome.

The dump is normal as there are many holders that sold off their btc. But the adoption doesn't stop from there, so I am certain we will rise up again. Though some newbies have had some disappointments, but this is not the end of the line. More companies are joining crypto and more individuals are buying their own stash, so this time around, the adoption is increasing not the other way around. Exciting days ahead as we approach the last month of this year.

In general, you are right, but the level after which the bubble comes is of fundamental importance. If the growth is a bubble starting from 1000 then this is one situation and if the growth after 30k or slightly above/below is a bubble then this is a completely different situation. At the moment, I cannot say that there is a bubble in the crypto market (if you look at the situation regarding other assets).

I think this thread would stay for a while, bitcoin dump after giving some light that it will break its ATH. Currently price now at $17000, still a good price, just very close to $20,000 so nothing to be afraid of, soon it will break a new ATH but I just can't be too confident that the "soon' would happen this year.

An ATH is a new beginning for crypto because it will totally take all the doubts of investors and hope it would bring positive movement for altcoins as well who suffers years already, especially the low marketcap projects.

Bump!

$2,250 @ bitstamp right now.

Note for moderators: I think it is pretty clear that I'm not breaking unofficial rule nº 21. This thread was created precisely to be bumped in a day like today.

$20,350 right now
and $20,440 the new ath based on Bitstamp
Quite amazing how the resistance level collapse at once after bitcoin succeed to break $19,8k today, it may keep going to reach $21k soon.
Meanwhile, we can rejoice for the new all-time high and hopefully it will sustain above $20k.

Wow your prediction is right bitcoin already reached $20,000.. Bitcoin is making history again it reached ATH but the altcoins seems few only were following bitcoin to increase. Well maybe it's not yet let's see what will happen in the next days if we can see the bullish market or not.

Binance reaches $20,799 and the site crashed for a moment lol.

This might be the new ath for bitcoin but I guess we will see more, its been stable at 19k and 21k is just a step away or maybe more soon.

not the time for altcoin dude, now let bitcoin fluctuate as many have expected by everyone, because I know the current value of bitcoin will continue to increase beyond what many people think. the extent to which this will go we just have to wait for the altcoin to play its part.

Well I'm happy for you, for many it's not the same story for example some people bought BTC @ the ATH of 2017 and this year they are able to recover their exact invested amount in 2017, so no Profit for waiting all this years for crypto to recover, it's still very uncertain if Bitcoin will grow over 20k, if that happens that's when those who buy at 20k in 2017 will earn some profits, for now it's nothing

huh do you mean 20,250?


btw you are now a time traveling genius

and no longer a jinx

i have to say that i am surprised that $20k was broken this fast, it was actually expecting it to take at least another try and failure before price goes above it but it seems like that the bitcoin traders are also learning from their past mistakes and aren't going to miss the opportunity to buy bitcoin "cheap" specially with all the fresh money that is being dumped into bitcoin these days.

Strange that this thread was actually created last November when the price hasn't touched $20,000 yet but yes congrats to all and I hop this will continue to rise up we all are celebrating. The constantly buying of the  institutional investors that are coming like the latest Mass mutual has really brought more money into crypto that its almost impossible that the hard wall on $20k just break this easy.

It is not that strange as the price started its rally during that time and we already rallied near this valuation last month and hence i am sure the OP created the thread because of that. I did not want to see the price rallying this fast because of personal reasons  ;D, because of the pandemic i am getting half of my salary for several months and yet i was not able to invest like i wanted.

The reason for the rally is obviously the institutional investors and they keep on pumping huge amounts in the market and i wanted to know how long they will be pumping the money in the market.

Well, that guess hits right a way that fast. Now, just bare yourself the impact it will cause if the price decline after or if it will continue surging.

Surprise to upside, I guess its broken back into a positive trend.   Here is a fib sequence for previous prices and this latest action, we were held back but only by trends which were appreciating over time.    The price is no doubt full but none the less under demand and rising, I guess it must be demand ongoing.

https://i.imgur.com/I4fOzeP.png  https://i.imgur.com/m3tzlN2.png

hourly bars on first showing we stay above 2 day momentum, daily bars second and we extend the full visible bands of prior action to the upside.  If I check volume its also positive about equal to the start of this month in that sell.

Always remain as a question on where we dont know on when it would stop neither it would continue for a few thousand bucks movement or  would definitely had some price correction afterwards.

We are moving way too fast which i highly doubt that there would be some nasty correction later on when those people who do tend to sell on 20k price mark and since the price had surged to 21k and might
even reach 22k in no time.

Actually had some doubts when we do move that fast because we do already had the experience wayback into those previous years.

The price still in the early phase after successfully break the big wall of $20k, the next resistance probably around $21,5k-$21,8k before bitcoin reaches $22k.
However, the price will climb higher in the short term and in the long term, hopefully, the market still holds on a little bit longer than just decide to massive sell out.

Well, we might as well say Congrats to everyone for reaching $21k.

The price today just went on a massive spike to even get over $21k. So $20k now is history, we are looking for more like $25k in the next coming weeks assuming there will be no liquidation happening after a history jump to $21k today.

But we should remain calm and not to be excited just because we reach new all time high. The market is still open for many all time highs specially next year so I would say to just HODL for now.

we past 22000 on bitstamp.

Yes, there seems to be a mini resistance there. After hitting 22k it went down and now it's hit that mark again. Once we have past the old ATH I'm not in a hurry to see to price go up because if it goes too fast we will probably have a deeper retreat.

Well yep, few hours would be that.    Its not full resistance, its a trend part of a price channel and we crossed the lower band earlier and moved up so much we now scaled up to the higher part; a bit like railway tracks they mark out a rough range to bullish action.   Previous week we fell out of this and traded outside but its recovered as of late Friday and gone and done this, hard to track this kind of swing.  22k can be where it rests for now but its not really on the leash right now especially.

https://i.imgur.com/kIjWHGJg.png

It's very bullish right now, as if in 2017. Hopefully, it's not the peak yet since the last time the price also peaked in mid-December.

Yes, very similar to December 2017, but I'm sure this is not the top yet. Usually December is like a pump every year, even in a bear market. So there could still be some spike next year, but it won't be parabolic maybe the rapid gains we have in the last 24 hours will continue as the price goes to $23k already. But we all know that after this kind of gains, it won't be sustainable. At least seeing a new all time high for us this 2020 is already a big achievement. Resistance could come along $23k, in my opinion.

Pricisely, another achievements as many people who are not into this industry called the last2017 bull as bubble, now it's repeating itself after some years.Those who manage to continue collecting are now gainers even they'll still kept what they've got few years ago. This new high is not sustainable but also a good glimpse to remember that the price always have possibilities to rise more. We will see more new ATH as market shows continually appreciations and it will lead to more adoptions from bigger businesses.

After this pump, the name of the topic began to look more pessimistic  ;D
By the way, I got out at 23500, was that reasonable? Now I can buy off at a better price, but I want to wait for a more serious pullback.
For some reason, it seems to me that the next wave of growth will be only after a good fall in order to throw off the "extra" investors.

personally I think we go up to about 30k then correct to about 21k

21k is about what miners need to mine.

But I don't know much I am in the dark as much as the others.

Miners will mine even at 10k. Given the fact that new asics are more and more efficient, we will not even see a large drawdown in the hash rate when ineffective miners are turned off. I have not checked the numbers, but now the miners have extra earnings, and if the price remains at this level, then we will see a constant increase in the power of the network.

Why $30K? And why should it matter what miners need? They deserve to be shaken out like everyone else. :P

Until something else is clearly going on, I'm still mulling over a March 2017 scenario, where the market spiked 17% above the 2013 ATH and then crashed 35%.

For comparison, the market has extended 19% past the $19.9K top that was set 2 weeks ago. Interesting times!

It's really possible, we past the previous ATH and this is like the previous bull run that everyone was into FOMO.
The scariest part is the correction to be honest, while people will get into FOMO, it's also expected that they will into panic once the correction starts.