Bitcoin Forum

The way Bitcoin has spiked as the Monday rolls in, there is a wall of ca$h rolling into it. We are off to the moon to say the least. Bitcoin will easily head past $100k next year and a $1 million Bitcoin is very much plausible after the 2028 halving.

Want to retire? Buy a single Bitcoin today.  ;D

BTW, the train is starting to leave the station, ALL ABOARD!!


https://i.ibb.co/7tvkRg0/2020-11-30-7-27-24.png (https://ibb.co/9HnZVwd)

This year will be more like $70k to max $100k IMO.

The next halving is in march 2024 so $300k-$500k in march 2025 or so.

Then in 2028 it is likely to halve again. Then in 2029 BTC could be way higher than $1M.


Having said that these numbers are insane 8)

when the initial correction after reaching nearly $20k occurred a lot of profit was in the hands of traders that is now going back into bitcoin pushing the price up. and as the price goes up a lot of new investors show up with a lot more money.
this is all just the start...

you can't retire with only $1 million.

i don't think we can see such a huge bubble in only 1 month. we are just starting the slow rise to break the previous ATH. at least 6 months is needed after that for the big rises to start then we can expect a bubble.
but by that time the bubble won't be at $100k, it can be at much higher at $400k this time.

keep in mind that last time price went nearly 20x higher than the previous ATH which is 20x $20000 = $400k

Not unless you move to a decent 3rd world country! Probably only downside is the crappy(or non-existent) healthcare. But other than that, almost everything's cheaper lol.

Here we go again, look like the FOMO has already invaded the forum too.
Well, I can retire with $1 million but I will still play with crypto, when you are making money in crypto, there's no stopping you.

I don't know when would that happen but I believe as long as I stay here, invest with bitcoin, I could achieved that.

Remember we are just in $20k soon, I don't want to overreact.

Just like what I hinted, we would be sitting comfortably on $16000 - $17000 since people have taken profits, returned some of the coins in the market, and bought back again once there was a sudden change in exchange's trading volumes. We might as well see further pushes from here up to $22k - $23k as the maximum upside potential for at least this term, as most sells are settled on those ranges. Then again we might see those being removed almost immediately if the buying pressure continues to overwhelm what the sell side has to offer.

$25-30K to end the year? 30k seems like most realistic goal to me till year end. People with weak hands are definitely going to sell at 20k. 20k is also a huge mental barrier to break imo.

Likely to break the 2017 ATH. $19652 the price that's seen today.

Things are getting exciting this time. It made nearly 3 years for bitcoin to be seen @$19k again and when it has dumped, the recovery was very quick.

Yeah, the moon's for the boys, and Lambo folks might be seen again posting everywhere.

Fingers crossed!! Bitcoin will break its ath by tomorrow,  what a good start for the last month of 2020. Fasten your seatbelts and be ready because bitcoin will gonna lauch the rocket going to moon.  This will be the best christmas ever!!

It depends on your current age and at what age you plan to retire. A lot of us are in our 30s and have ample time for Bitcoin to reach several million dollars before we retire. Also, people in most countries can comfortably retire with $1 million though not here in the USA.

Everything is very possible, as is inflation and the increase in the monetary mass due to the printing of a lot of money, which may create an economic crisis that may lead the price to crazy speculation.

when you want to invest take all possibilities into account. The bright picture is not always the truth. Rather, there may be dark levels when we break the $ 20,000 barrier and return again to $ 9000 or less, so always keep enough cash to enter the market again whenever there is any collapse in the price.

I agree with both of you.
Normally you can't retire with only $1 million indeed. I've read at some point that a good minimum is $3 million. But if Bitcoin reaches $1M, the $3M is not that far, actually in a/the following market cycle it'll be reached.

"New Money Monday" as they used to say. :P


Very high dollar volume on the weekly, and also relatively high volume wicking through $19,8xx today. I would like to see the previous ATH broken with authority before declaring we're off to the moon. If you'll recall 2017, the 2013 ATH was tagged in January before a steep correction, then we spiked through it in March before another steep correction back below.

But, the one million in this scenario will be reached in 2029...On what do you plan on living till then?  ;D

The most important thing of all, who still thinks that a million $ in 2029 will buy you the same things 1 million does now? Even with a 3% inflation rate, you're looking at 750k instead of a million, and remember that the printing machine is in full swing, it takes just 6% to halve your future earnings.

Decent and 3rd world country? That doesn't make a lot of sense, if a country is "decent" is by no means 3rd world. And I would have healthcare the last thing on my mind, the first is the bureaucracy that might end taking half of my money and crime that might take the rest. Probably the safest pic would be the Baltic countries or the Visegrad group, 1 million (now!) would suffice for a noncapital city, but only if you're in the 50 already. One million will not help you live too comfortably if you start at 40!

I just noticed now it's back to $19k.
Wow. That's fast.
There is a huge difference between what happened in 2017.

I really thought it will be pushed down again and make a new bottom at $15k then it will slowly generate a new ATH.
The volatility is not new but damn this is really profitable for traders now.
A couple of days ago I read someone buying below 17k and now he just made 2k that fast.  :D

Well, in order to 'retire' you have to have a job or do business now. That job or business is what people live on till they 'retire'? Does that make sense?

Cracked through the ATH based on the chart at Bitstamp.

https://i.ibb.co/FzVJSXh/2020-11-30-12-27-26.png (https://imgbb.com/)
remove quotes from string online (https://dedupelist.com/)

Expect for those lambo and to the moon post yet we have seen this price again which i do thought that we might not able to see these numbers.I did really have a feeling when bitcoins
price did correct in 16k price and it did stop and did able to recover that fast.I was really shocked when i waked up that the price had already touched almost 20k.

Im not really that easy to have some boost up and do look for further possible price in upcoming years to come. $30k for this year? If this run wont stopped then we might able to
but im not really that expecting much.How much more on future years talking a million per coin? thats too exaggerated.

Maybe, maybe not. What's happening right now is exactly what happened the first week of January 2017: price went vertical from ~$800 and touched the previous ATH at $1,175. Then the market crashed back to $750, a 36% drop.

All we know is we haven't seen a pullback like January or March 2017 yet. Since the market is still trading below the ATH, the possibility is definitely still there.

I f’ed up 70k to 100k in 2021 I meant

The trick is to continue having income while waiting for the $1m price. :P Well, but I guess that really isn't technically "retiring"..

But really though, living in a 3rd world country can be decent unless you literally live in a country like Venezuela. There are really decent 3rd world countries out there! They're mostly only crappy when you're in poverty; but if you have the money? It can suffice if you like living modestly.

But yea, just an opinion. Definitely not for everyone.

I've read articles that they've said that it broke ATH in some exchanges. But I'm only looking at CMC.

As others said, the last ATH was $20080 and the rest of us believes it was $19700. But you know what, as long as it's maintaining from $16k-$19k. We're having a good holiday.

We think Bitcoin will become very popular if it makes its way to $ 50k. many will invest in bitcoin, and when the pandemic is over many new investors will buy it

It's already so popular now, no need to wait for it to reach $50K, the pandemic can't stop bitcoin. I fully agree with the idea that we only need 1BTC to be able to retire in the future, it is an extremely attractive investment.

It is right. If bitcoin can be more popular when reaching $50k, that will attract many people to join in the bitcoin world because they want to make money like other people. That will be why people join in bitcoin, but I am sure that some of them will want to use bitcoin as their investment for a long time. I admitted that this year and next year could be the good time for bitcoin to reaching the highest price, but I don't know how high the price will increase because there is no sign about that. We can enjoy the price while also trying to profit in bitcoin from trading, so we can have many bitcoin that will be ready to sell at a high price.

We think Bitcoin will become very popular if it makes its way to $ 50k. many will invest in bitcoin, and when the pandemic is over many new investors will buy it
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the price is too high for the near term, the highs are only $ 30k in my opinion, so don't expect to take any more profits and losses in the short term

You forgot to mention the next Halving before 2028 lol.

But much appreciated the thoughts of what we are waiting for and at least there are more possibilities now for us to at least Hit the top this year or next.

Maintaining my bitcoin now but also i have altcoin for security,at least in case that i need to cash out there are alts that i can sell and stay my btc on hold.

$ 19500 has already been reached, if it can stay above $ 19k I'm sure the price of Bitcoin can reach $ 20k quickly,
just wait until all is well, FOMO and Hype come together and Bitcoin To The Moon

Remember that many got in at this point 4 years ago. Some will be happy to get their money back.
Expect frequent dumping on the way up.

The price is really amazing.

It fell back and I thought it would just stay at $16K or $17K but it didn't, it is now at $19.4K and it might still go strong going for a new ATH this year. We should talk advantage of these movements so we won't have any regrets in the upcoming months. We've been waiting for this price for so long, never thought that it would be reached in this year where a lot of things happened.

I think it's so early to predict about the dump and we are newly entering the month of December so provably we can see more from it and maybe we can see some pumps since the hype still on the good side. But I will be careful when this month is ending since the heavy dump still in my mind and I don't want to experience again and baghold or left behind.

I've been here long enough to say that Christmas doesn't help Bitcoin much.

With frequent dumps I mean that it will keep Bitcoin from skyrocketing.
What you just saw... BTC hit 19900 and got dumped back to 19500....

Anyway a steady rise is what we all want if we want BTC to go very high this time round...  ;D

Btc was struggling to reach $20,000. I noticed it even reached $19,700 mark, but still struggling and now it's back to $19,400. Reaching the $20,000 might not be easy nor quick, don't forget how a lot of people are waiting for this very moment after missing the 2017 bullrun.
Though, Btc is bound to break new ATH, judging how bullish the market is since the last time we saw Btc at $10,000.

We are all hoping for the ATH to be broken but it seems it has been testing out for how many times but doesnt mean that price would really be just staying up that level.

Sooner or later we would definitely able to see that bitcoin will successfully breaking out on its previous ATH and seeing a new one.

For now the best thing to do is to be patient and do on buying up when it corrected and make profits when it recovers and this is what im doing.

There wasnt that many buyers at 20k or even nearby.   It moved really rapidly in that space and didnt have half as much volume compared to the 10k area so if its hesitating now I dont place much faith in that historic reference for resistance.   Maybe 20k is twice the name drop that 10k brings, hard to fathom the quantum stupidity of the human brain but its 4 zeros we have to pass to get into the 20k's

And it's now back way below $19k now, resistance is still there as obviously, a $20k is rejected again. We could have reach the overbought zone again that's why the price quickly drop in less than 24 hours after reaching as high as $19,800.

We are still in bullish sentiments though, not unless we broke to $17k-$16k worst, then the bears have regain control of the market. So let's see on the 4 hour timeframe, if there could be a divergence pulling the price even further down.

Not just to reach $20k, bitcoin price seems difficult to hit $19k again because it still stays at $18k level. But I am sure that it is a matter of time for bitcoin to reach and hit $19k and even reach $20k again. If $20k can be hit this month, we will have a chance to make a big profit because many people are already preparing their bitcoin to be sold at a high price.

People will still wait for the next ATH, and they believe that will happen sooner or later. No matter if the next ATH will occur in this month or next year, they will have more patience for that.

Okay, we are going to the Moon but when Mars?

20K seems strong resistance either in upwards or in downwards, we need more time to tell actually where we are moving.

Really itmke us to remembered the 2017.I hope this will create huge investors as like in this. But not surely about the investment. Many are waiting to see the price of 20, 000$ . But the reverse is happening for now. So holding of valuable bitcoin will be the correct option for now to avoid of panic selling. Don't excite with small pump and dump in bitcoin price.

I appreciate the optimism but to reach the high targets requires a structure to the build in price movement.   Just going straight up risks the price collapsing also as there is not enough volume selling and buying along the way, that is just the nature of previous moves and its a far better bet we continue as we have done.   BTC is already the most impressive asset of recent times maybe forever and its come out of nowhere to surprise almost everyone.    Its far better long term for price sticking more then just a surge if we do it over years not just this recent rise extending, it might be more boring but I dont see a feasible alternative.

We think Bitcoin will become very popular if it makes its way to $ 50k. many will invest in bitcoin, and when the pandemic is over many new investors will buy it
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It's already so popular now, no need to wait for it to reach $50K, the pandemic can't stop bitcoin. I fully agree with the idea that we only need 1BTC to be able to retire in the future, it is an extremely attractive investment.
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just 1 btc for retirement that's not much. to be financially free you need at least 10btc. for your beautiful old days you need more than 1 btc

I would say we will definitely see something major in the end but how long will it take is still unknown. We have done great so far, but even the biggest bull runs have an end, we can't just go to one trillion dollars per bitcoin right? We know that we can't. So, that means there is a price where we will stop, obviously I didn't want to give a lower number because everyone has their own belief, some think 20k, some say 50k, some say 100k, and some say a million.

I have always believed that whatever makes crypto market around 5-10 trillion dollars is our natural limit, that is around a big stock market combined level and I would say it is highly unlikely that we will go anywhere away from that, it would be too expensive if we managed to break over stock markets.

We're still far the bull run though, this is just the beginning to get into $20k, which is still not happening as of yet. So there could be a lot of re-test, re-tracement along the way to even get to $20k this year. But if everything didn't happen this year then we should be looking forward to 2021 as another chance for us to get into a new all time high.


Possible though, with the way, institutional money is coming to crypto sphere, we might see in the future the market cap around $5-10 trillion easy and bitcoin now being compared to top companies like MicroSoft, Facebook or Tesla or Google as far as total assets is concern.

What I do not want to the speculation of other people is it keep creating hypes because most of their speculations are not attainable because it is too expensive for me, I'm just reacting to what is happening in the price action and it is the reason why I do not have time to do speculation or prediction. The price of the bitcoin resisted twice at the $19,800, which is only means that the sellers in that area is too strong. For me the major resistance of the bitcoin is a range between $19,800 - $20,000. That area consists of a lot of sellers that indicating that once the price moves in that area, expect a swing low but it does not mean that the price will remain below $20,000.

Once the price manages to break that resistance area, it only means a good thing and the attainable price of the bitcoin for me is ranging in to $30,000 - $40,000. I do not expect that it will just become 6 digits after its breakout because for sure that there are resistances that will form.

If a single Bitcoin will make you rich then there are at least 21 Million people around the world at most that will be a rich man when they retire.

Well, I'm quite happy to see Bitcoin going up and up as days go by but also take note that the road of Bitcoin towards higher prices like $30,000 or $50,000 or $100,000 will be a rough road. There will be ups and downs but as long as you can ride along side those rough roads that are coming through, you are on the way towards being financial freedom:).

It's already so popular now, no need to wait for it to reach $50K, the pandemic can't stop bitcoin. I fully agree with the idea that we only need 1BTC to be able to retire in the future, it is an extremely attractive investment.
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just 1 btc for retirement that's not much. to be financially free you need at least 10btc. for your beautiful old days you need more than 1 btc
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If you start your retirement say 15 years from now, you don't have to sell the entire Bitcoin immediately. You can just sell a little as you need each year. The price of Bitcoin will always keep going up and hopefully that 1 Bitcoin will sustain the entire lifetime.

Yeah if you want to retire with a baller lifestyle with bottles poppin and biatches in the house, 10 will do it nicely!

??? These are tall expectations, I prefer a conservative expectation and we if see something beyond, we enjoy it also.  we obviously know we cant make $70k this year again, less than 4 weeks to go in the year. Lets take it one at a time, never thinking of 2024 or 2029, lets enjoy the moment and profit this cycle is leading us into, then we think of the next cycle after the parabolic.

Let's hope that this type of hype will never die down because that is what keeps the prices of coins high. If there is a hype around any coin, if people who follow that project is excited and can't wait to get some more money in order to buy more of the project, that would definitely mean high prices for that coin. Bitcoin is in that situation right now and so is ethereum as well and many others.

I believe the price of bitcoin will continue to rise as long as the hype around it continues, we do not think that it will go down right now, people are still hopeful about it. The difference here in 2020 (and in 2021 I hope) compared to 2017 and 2018 is the fact that there are no people selling tens of thousands of bitcoins.

You can say that with people who lived around you, but they will not listen to you because they don't know about bitcoin.
But for people who are involved in bitcoin, that statement will mean for them, and they will buy bitcoin from small part to bigger part because they believe that bitcoin will go to the moon again like before.
But it will need longer to see the bitcoin price will hit $100k because I am not sure if bitcoin price can reach that price in the next year or longer than that.
We are still waiting for the bitcoin price to pass $20k because that will not easy to pass on that price.
I am sure every people who have bitcoin want to retire and enjoy their profit for the rest of their lives, but they need to be patient and they need to follow the price journey before they sell their bitcoin.

Now that got me triggered.
What is the standard to be called a third-world country, first-world country? or which country is included in a second-world country?

---

More than half a century ago, the Cold War was just starting. It was Western capitalism versus Soviet socialism.
The First World consisted of the U.S., Western Europe and their allies. The Second World was the so-called Communist Bloc: the Soviet Union, China, Cuba and friends. The remaining nations, which aligned with neither group, were assigned to the Third World.

The Third World has always had blurred lines. "Although the phrase was widely used, it was never clear whether it was a clear category of analysis, or simply a convenient and rather vague label for an imprecise collection of states in the second half of the 20th century and some of the common problems that they faced.

This 1-2-3 classification is now out of date, insulting and confusing. Who is to say which part of the world is "first"? And how can an affluent country like Saudi Arabia, neither Western nor communist, be part of the Third World? Plus, the Soviet Union doesn't even exist anymore. source (https://www.npr.org/sections/goatsandsoda/2015/01/04/372684438/if-you-shouldnt-call-it-the-third-world-what-should-you-call-it#:~:text=The%20Second%20World%20was%20the,assigned%20to%20the%20Third%20World.)

---

Because I love Japan, the best country imho.
so, if you're googling: What's the Average Cost of Living in Japan/month?
The average living cost in Japan is 160,000 - 240,000 yen or around $1535 - $2303.
This includes rent, food, utilities, utility bills, dating, medical bills, and entertainment bills. Among them, rent for housing, food costs, and transportation are the largest amounts.
$1 million divided by $2300/month = 434 months or will be enough for 36 years.
conclusion = yes, you can't retire with only $1 Million, unless you live in third-world country

A good market will push many people to make high expectation. We can see it now, at least in all media that related to crypto currency will show many article who stated that bitcoin price will go up more than we expected. I can't blame them because it is not wrong at all, they have their own prediction.

I still remember when bitcoin just crash to $3500, I can't see anybody who stated that bitcoin will up to $20.000 again but most of them just make a prediction that another support will be achieves again.

Bitcoin price is reaching its all time high and just need 9 months to do that, but we have to be carefull for the crash that will happen. Until now, bitcoin just sideaway on the all time high, we just waiting what will do by some instution out there, they haven't made a decision to open long and short position. Yeah in my opinion, just their hand who will make bitcoin touch new all time high or back to all time low.

They already have sold at 20 thousand. It is a strong resistance but the bullish trend is stronger because every sold coin is quickly bought and followed by another higher high.

Whoever wanted to sell at 20 sold when we reached 19500 and dumped. The rest, like me, knows we're not going to stop at 21 or 22 thousand this time. The next resistance is going to be at 25 because this was the number many people quoted as important and within reach next year.

It's important to remember that there will be no strong bearish reversal without us overshooting. If we expect 25 and reach 25 the correction from there will be very small. We'd need to go to at least 30 fast and crash from there to start a bear market.

I was thinking that we may be losing power against the 20k resistance and we may go down if time passes and we aren't able to break it.

But you may be right where you say that "every sold coin is quickly bought" so I am thinking in a different way now.

I have a little position at $19700 or so -just to take some profits, I am holding hard but I have bills to pay ::) - but I will consider increasing it to around $21k+ because I see now quite possible to continue the run if the resistance is broken.