Bitcoin Forum

BTC has risen quite a bit recently, but at a slower overall rate than in December 2017.

Given that it looks like Joe and the Ho might actually get in, I am wondering if the big rise in BTC interest is because people are using crypto to transfer or HODL their cash assets to avoid taxes.  I certainly would.  I think that if it is the case, then BTC price has quite a bit of upside left in it yet, and when (not if) biden tanks the economy, then BTC will be used even more.

What do you think of the recent price gains and if the prices will stay up or crash out?



Trump won the election.  biden was INSTALLED, not elected.  There's a difference.

In my opinion the upward price action is caused by institutional investors' interest in Bitcoin. Some people who were skeptical about Bitcoin recognized it potential only after PayPal announcement.

Yeah paypal definitely "confirmed" Bitcoin. The paypal thing is pretty huge it does not get enough credit.I wonder if paypal regrets it because basically they opened the door to get disrupted by coins. Or maybe paypal was more scared of the exchanges since they have such gigantic volume and paypal was missing out.

The reason next to this, why bitcoin is rising so much is because everyone is scared of the future and of the central banks printing money like toilet paper.

You can go in silver or gold but the past has shown you cannot see huge gains there and it can even go down, and especially younger people arent so interested in gold.

One indicator to look out for tho, the financial system and the economy could go into boom years instead of the crash many expect. If it goes into boom years you can expect large bags to pull out their bitcoin again for stocks. In my opinion this would only be temporary since stocks are way overvalued still. There is no way a gigantic crash wont happen and this will benefit bitcoin even more the longer it takes to happen.

OK, I am not going to tie a Trump campaign and biden in terms of price increases on Bitcoin, because in 2017 when Bitcoin was moving up faster it also had nothing to do with a real campaign, and for now Bitcoin has actually moved with fast too, although not as fast as in 2017, but now Bitcoin has been able to break the ATH record he has ever achieved,

so when talking about people who buy Bitcoin to avoid taxes, maybe yes, because besides they can get more benefits, too will not reduce their assets when prices continue to rise.

In my personal opinion, I do feel like the price currently is too high and probably an artificial pump. Although it has been beneficial to many traders, I would not get into buying btc thinking it would go way up to 100k$ very soon. What we are seeing is probably the peak atleast for the current time being. Just like 20k$ was the peak of 2017. Bitcoin almost hit 40k$ which is such a big achievement and I think it will just float around that price or come back to 15-20k$. But I don't think Bitcoin will ever come below 10k$ anytime soon.

It would depend on what price are you talking about we had so many price increase in a short time so which one would it be?
If you are talking about the price $20K-30K then I think it would be for long term and I think it would be hard to see it again below $20K.
But if it is above $35-40K then we couldn't tell if it is just temporary or for a long term we couldn't tell if it would be below it again.

That is the most rational thing to do, not expecting much from the recent price hike because the crash might be looming closer than expected. The price will float around the 40k in my opinion but it will be for a long time before it will drastically go down because some institutional investors does not have the idea of selling their hodl for now.

You can't avoid taxes by buying  and holding crypto.If avoiding taxes by buying cryptocurrencies was allowed,then everyone would buy crypto coins years ago and the crypto prices would be 10 times higher.
Biden and the democrats will probably try to slow down the massive growth of crypto,by increasing the taxes for the rich and the middle class and imposing more regulations over the financial markets.
The Bitcoin price will crash for sure,but this is completely normal.
 

After every fast grow will be correction. The main question is then. Of course, we will not return to below 5k point but -30% may be a real scenario in the near future

The rise is just temporary, if we say permanent it means it will not dump.

We've see how the price rise in the past, what we are seeing here is the same scenario, maybe those new in crypto would not understand what is correction but correction will certainly happen. Don't know how long the bullish movement will go, we've reach $40k, so it's possible for another big run again.

Who knows but I believe there will be a correction that's gonna happen.

In my opinion the recent rally in bitcoin prices will be the new normal. Its very unlikely that we will see a drop down to 10,000 USD any time soon. So many new investors and traders switched into bitcoins who are willing to pay top dollars for a few bitcoins. All these investors who would pay now 30,000 USD and more for coins will instantly buy up any new supply if there is a drop in prices.

Although that we can't predict the price very well because of it's high volatility, etc. I can't say that it's going to be temporary or long-term even if more institutions are buying in on Bitcoin, because it could lose steam anytime without warning. Although it's a good thing that we are seeing a dramatic rise of Bitcoin, it's in a parabolic shape and there will be a huge pullback later on when the bulls and institutions began losing momentum. 

I agree with the thought that the current bitcoin rally will be the new normal and we will more of it in the later months on bitcoin. But for me, there's a chance that we may be able to see a sudden dip to as low as 10,000$ but it won't be long that it will be back somewhere higher like 20,000$ or even 30,000$ depending on how things will work out but the chances for it to happen may be highly unlikely as the price of bitcoin is right now.
We are seeing a tons of supporters, investors and adopters of bitcoin right now and there will be a huge wall supporting bitcoin so that it won't fall on those price.
Anyway, if it even happens then that will be the best chance for everyone to be involve and invest more on bitcoin and I for one will be waiting for it.

The Chinese ban was the cause of price corrections in 2017, after which we saw that the price rose again to more than $ 10,000 by the end of that year.
Betting on the United States in bringing about a change in price will not change many things.
The current rise is insane, and price corrections must take place, which will happen sooner or later.

It cannot be said right now whether it is temporary or long term. Most of the time I have been watching the market, highs are followed by lows, depending on how good the buying pressure vs selling pressure is at the lower ranges. Because once the dropping starts and the support at lower levels is hollow because the price got pumped overnight, we might be losses as big as gains.

Hence keeping politics aside, my advice currently is to hold. Bitcoin is about to touch 40k USD now which is a massive number and the selling pressure at this level is going to be massive as well. Basically whales might drain their wallets just to cash out if they wish too or might now as well following the bull trend.

Let the dust settle for now. Even if it is a bull market.

certainty which is quite difficult to say. where this increase far exceeds all market predictions. Bitcoin continues to rise in a bubble causing the next several falls for a moment. We can't be sure, it's just that based on December and January bitcoins hit half a billion. almost 30% to date, it will actually cause the price to fall for a long time. spent 2021 is still a long time, maybe there is an opportunity for us to prepare.

The recent rise in prices will be temporary, and the price will increase and decrease again. That is what happens to the market from a long time ago. But if you look for the future, the price could be increased so high, and you will not know how high the price will increase. I think traders now use this time to make as much profit as possible before the price drops too deep, and they will get out for a while from the market and enjoy the money.

Your claim makes a lot of sense if the increase in buying interest in bitcoin is because people put their cash assets in bitcoin because they want to avoid taxes, after all, bitcoin long-term capital would be very profitable. besides, people who already know about crypto investing will certainly do the same thing when the price of bitcoin fell some time ago. but wait, is trump the winner of president of america? sorry, I not read political news.

That's also my opinion, after the announcement and the launching the price started to move up and until now it's moving up there's no letting go ever since  PayPal included Cryptocurrency in their platform, the community sees it as something that will start adoption by small, medium range and big institutions PayPal started the pump it and that's what's happening right now.

I believe the higher highs would pretty much be there to stay in the long term, given the amount of money that has already been poured in the market and the amount of coins being held by the institutional investors at this point. There is still a possibility of them offloading once a set price is reached, though it’s also important to note that the government is also doing its thing to establish the banks within the crypto realm, so it makes more sense for the institutionalists to hold even longer, thus securing the value of bitcoin since the ‘legit’ financial entities are already on board.

whatever it was US has shown its true dictatorship face that lacks any democracy even though they always boast about it. basically the current man in power called for chaos, looting and all kinds of illegal shit.

in any case, the only thing that we care about is that US dollar will tank more than before and that will fuel the bitcoin rocket to the moon.
as a matter of fact a good incentive for the current bitcoin buying frenzy is the failing economy and the huge amount of money that has been printed and i have been warning about for the past couple of months.
the more chaos they create the more people would flee to bitcoin.

We will have to see, personally despite the growth being slower than what we saw in 2017 at the same time this was obviously going to happen as bitcoin is bigger than at that moment, however the growth is still too fast, if this continues I have no doubts that a crash will come, I do not know when but the rate of growth that we are going through is simply unsustainable, however I do not think the price will remain static as it did during 2018 as there are many incentives for people to buy bitcoin once it crashes.

The crash people are expecting isn't going to be as bad it was after 2017 bull to the 2018 year. It may happen with the end of the when whales sell off hodling. But if we look at deep falls, we may be having a different idea to the past experience.


What is the relation of the whole of your post to what you have said about the US election and swearing in lol

In my opinion, the existing financial system has reached a dead end.  

This is the real reason the price of bitcoin skyrocketed to $ 40,000 or more.  The scandalous US presidential election is a consequence, not a cause.  

The external debt of developed countries is so large that tax revenues cannot solve the problem of paying off this debt.  Issuing modern paper money is simply creating it out of thin air.  

But the biggest problem is how to distribute them among the citizens of the country.  They cannot be distributed in the form of dividends or wages, because this money has nothing to do with the goods (works, services) produced.  

This is the main reason for the rise in stock prices in the stock market and the appreciation of bitcoins.

The current bull run for bitcoin price movement has given bitcoin price up and up, almost all price movement never meet a correction. Yeah, as you can see on high time frame 1 month, 1 week even 1 day. At least it will give you a sign, when the bearish market come due to the bad information coming I bet, it will be bad dream for bitcoin price movement. The price movement just fall and fall, maybe there is situation that can make bitcoin price up for a while. Just be carefull of it, we may need to take all the opportunitiy for this situation but we have to be careful as well for the bearish market will come.

At this current rate we are most definitely can say If a crash will happen it won't be as bad as the 2018.  Though anything could happen, but a bad crash at this current range would be the $15,000 mark at the very least, worse would be below $10,000.
This current bullrun won't show signs of weakness. I guess the most awaited crash might not going to happen sooner.
Maybe when Bitcoin reaches $50,000. I don't know. Nobody knows.

You are correct about nothing being absolute here. Seeing how big the price of bitcoin became in a matter of weeks shows how much unregulated the market is here compared to a fiat stock market where ever small pump and dump get checked quickly and ranges of stock prices are more common.

While this means new entrants in the market are going to be low, the selling pressure will soon take over and drop the price.

I don't expect anyone to pay for 1bitcoin at this price and hence the buying support will be at lower levels. Yes this can be called FOMO to a large extent which actually pushed the price to such values but it would be worth watching if it holds.

Firstly, stop trying to mix your stupid Trump propaganda with the current BTC price increase since everyone can clearly see that you are just another pathetic Trump fanboy.

Secondly, anyone with a half-decent brain can clearly understand the fact that this price increase isn't inorganic, but a culmination of multiple big factors like COVID, PayPal, Halving etc.

The price might fall back a bit over time, but it won't be a sharp drop like back in 2018 in my opinion.

Are there any data to support this claim? 'coz based on how I view recent market price increase, I think it is quite having a higher rate than the previous ATH wherein the market price took months, after the fork, in order to achieve the ATH while in the present, the market value is still on its progress continuously getting higher breaking new records and expectations in a short period of time. So I guess this one is a little bigger. One thing is hard to determine; until when will this market movement last. There is a possibility for a price correction to occur and also a possibility for this scenario to continue. But if we would base on this industry's nature, things will never be consistent and constant.

If we learn from the bull run that occurred in 2017, it looks like the price increase in Bitcoin in January 2021 was only temporary. It is unlikely
that this Bitcoin increase will run long-term, for sure the whales will take profit and when that happens Bitcoin will start to collapse. So my advice is
to remain vigilant, because the current increase in Bitcoin is too high. According to my prediction, the Bitcoin price will soon fall.

After such an incredibly high price increase, Bitcoin should fall in value. However, the most exciting question for us so far is when this will happen and how low it will fall. If about the depth of the fall in the price of bitcoin, basically everyone agrees that it will not fall too low, then no one can definitely say anything about the time of the fall.
Most likely, the bullish growth of bitcoin will still last up to two weeks. After this time, capital can begin to flow into altcoins.

So what does this mean ? what's the connection ? if you can't even Move on about the result of your Elections then Better not Comment about the Value of Bitcoin now..

Politics are not Crypto's concern , and Let Politics out of the market , Because that sucks and really Not worth talking about.

no this isnt slower as 2017 , cannot you see we climb 20k then 30k and within a few days we are now at 40k but on 2017 the price highest price btc achived are only at 20k at most and it took it almost a month  .

why elections are involved here again ? the election are over and biden already won but anyway about the price if it will increase or will stay longer i think i will said yes because we already feel the increase since last year but yet we are still going stronger the longer we move on  .

I see the opposite of what you are saying. I think the price will fall, that is for sure since I don't think that it would just always go up. But after that, since we are seeing this height, I think it would not start to collapse or just dump continuously. After a considerable dump of price, people would take it as an opportunity to reinvest and might start or a mark another price pump.

If we talk about BTC/fiat it's definitely long term trend. BTC supply is limited by 21 million coins meanwhile fiat supply is always growing.

Indeed. The momentum of bitcoin's bullish trend is not slow as in 2017 because it is currently looking right that bitcoin already made another ATH price this week. Most bitcoin user's speculation didn't come true because we all assume after bitcoin reaches its ATH, it will go down the same as what happened in 2017.

I also don't think that the US election is involved here because the governments mostly ignore the crypto market.

Making this topic political will not gain you anything, it will not change the ideas of 80 million USA citizens who wanted Biden neither, you may cry all you want, he is going to be the president for the next 4 years and there is nothing you can do about it. You feel upset about this? Go out there and canvass for your favorite politician for the next election, you want to make the world a better place?

Start by gathering people for a good cause that will help the world. Hatred will not get you anywhere, we have seen hatred filled people storming the capitol and one of them died because of it, what was gained? Nothing. At the end of the day there wasn't even ONE single proof of election fraud, not even a single one, Rudy tried to convince judges to listen to election fraud and couldn't even find a single judge that would take him seriously and we are talking about judges installed by Trump himself. So let it be, and be the goodness in the world you want to see.

Same thoughts here, actually. I mean, we all know that bitcoin's price is very prone to volatility. In fact, it's one of its characteristics. That's why, the price increase is definitely temporary. The question on the increase and the spike is "how long". And that, we don't have a specific and certain answer. Least we could do is to be mindful of our hodlings and know when to sell before the price dumps.

Fomo is currently quite large. and also the issues that are currently circulating Bitcoin that are traded are only 30-50% because if you read Bitcoin holders currently still keep their assets and the company is also not only one.

Right now the market price is under huge influence all those who hold Bitcoin on a large scale. but if we look at the RSI is currently at 90 and above. there should be a correction in bitcoin.

The bitcoin price has nothing to do with the election and OP showed what an idiot he is by buying into the right wing extremist fantasies that trump won the election. When you're so divorced from reality, your opinions on everything else are equally as worthless.

In every market, there is a cycle where markets are going up and after some time it goes down.

We've seen the crypto market go up further that we expected last 2017 and then after that it crashed in 2018. Now we are seeing the same scenario again in 2017 where the market is going up again and nobody expected it to happen. For sure there will be some time that the market will go down and make a correction. Now where will it drop is the thing that nobody knows but one thing is for sure, the recent rise in prices are just temporary. It will go down but if you will see the charts long term, the trend is always bullish so yeah just hold Bitcoin for a long time.

There are only a few things that rise gradually in the last years. For example Amazon or Tesla stock is rising for a long time. Maybe we could break the cycle for bitcoins and just keep in rising? I really hope there is mit going to be a crash in 2021. Last year was already such a horrible year, we deserve some time off now.

I would be cautious to buy btc now because it went up too far and too fast imho, but if we talk about long term it doesn't matter when to buy. Even those who bought at a peak of 2017 are in profit now (if they didn't sell of course).

I believe that bitcoin dollar cost averaging strategy is the best one for people who are not traders or financial experts.

It is really the investors.

Paypal may be one of the most popular adoption of last year but with a lot of users not wanting the services given by Paypal, I think it is the numbers of investors actually putting their money into Bitcoin. Since the fall of Bitcoin at $3K, there are a lot of people who invested hence making the price we have right now.

BTC will be higher than 10k for a long time. Too many institutionals here in the game, they will not allow to big dip. However, 30-40% corrections will be a normal scenario after all this

Trump fans will find a way to put trump into anything. You can talk about milk and they will go "well milk tastes better now because trump whispered in the ears of each cow, he is great!!" or I don't know something like that, and it may sound silly but they do really say stuff like that. These are the same people that stormed the capitol building to kill elected officials, you can't really expect them to act logically within reason.

Back on bitcoin price, I think this is a long term increase, we are here for a while, and even though we may fall eventually, we will not be as low as we once were, and this all happened within just few months, like maybe 3 to 4 months, October wasn't THAT crazy, but let's put that in, in October, November, December we became huge and with just a week into January we reached above 40k, that is insane to think about.

Same thought here. We all know that this huge increase in Bitcoin price is pretty much done by institutions and whales, and the fact that they are all here to gain profit just like us if they sell out it will totally bring down the Bitcoin but I don't think it will go beyond $10k anymore. It could just play around $15k- $20k but low than that I don't think so. I'm not so sure as well getting the $100k mark this year though because if you imagine that's quite too far perhaps, around $50-$70 before the bear comes. Anyway, this was just all mere speculation because Bitcoin is unpredictable after all but one thing is for sure this is temporary, and make sure to take all the opportunity.

The start of 2021 is the start of a good year because ATH can be achieved continuously up to a price of $ 40k USD. The devastation you expect in 2021 is certainly not predictable. Maybe it will be worse than before or still within normal limits. Any significant increase, of course, there will be a significant decrease as well. Many institutions and companies buy bitcoin and support it which makes Bitcoin more and more known and used.

Bitcoin dominance is currently around 68-72%

Stop being political if you want to discuss something in the "ECONOMY" thread.

But in my opinion, the BTC will still rise as I've presumed that pandemic is a great factor to the drastic increase in the price of BTC. As long as there are quarantines and protocols regarding covid, the trend will still go on.

Just a comment regarding your clownery, the recent storm in the capitol of USA just proves that there are injustice and misuse of power in the government as the protesters just march in and out of that place as if they're visitors of some sort.

It is very deficult to predict the upcoming days situation. In my opinion how this crypto market gose that much up well here is a simple answer what i got and that is Elon mask. After Elon mask becomes a most popular topic in the world because of his companies and also becoming the no. 1 wealthiest person in the world lots of company, people are following him and when he covering sonething about bitcoin then the lots of institunal biggest company comes to invest in crypto they buy $500M, $600M or more money invest in this bitcoin market. Its just boom the full crypto market it is also cross $1T+ market cap. So now elon mask and bitcoin is a top topic for the world now that is why it is little but tough for predict the upcoming days price.

At least the economic crisis in the world, as well as the halving of 2020, will give corresponding results throughout the entire 2021 in the cryptocurrency market. Today's achievements of Bitcoin are not final and we are seeing Bitcoin only at the very beginning of its journey to the moon.

Bitcoin price supposed to increase over time because halving makes it scarce, the real bitcoin value can be measured by the mining cost required to make it run all the time, we can't say it is for the long term that bitcoin always sits above $40k but the price may remain above $20k as the basic price until the next year. As long as the institutional investors don't dump all their bitcoins at once, the value will continue to increase.

As per my estimation now the Bitcoin price is starting to fall, and it looks like it will continue to drop to a price of $ 30,000. Those who managed
to sell Bitcoin at a price of $ 40,000 are very lucky, because now it is only a matter of waiting for Bitcoin to drop to a price of $ 30,000  and be able
to buy Bitcoin again.

From the start, I did predict that Bitcoin's rapid rise was unlikely to last long, because history will repeat itself. Like 2017 where not long after Bitcoin
rose, the price of Bitcoin fell too. So now it's happening again in 2021, after the Bitcoin price rose it reached an all-time high of $ 41,900. Finally,
slowly the price of Bitcoin began to fall.

I have a different view this time, we are looking towards 100k in my opinion and might not see too much of drops apart from time to time corrections so do not expect a drop if you are interested in buying some bitcoins. I have been waiting since 20k for the price to drop once to invest more and I haven't got many chances honestly.

I am not sure about how Biden was installed, he clearly won and I would say he is way better than Trump without a doubt as far as political discussions are concerned. And this ain't connected to bitcoins rise in any way for sure. Some blamed China when price dropped in March-April in 2020 and now crediting USA for the rise, both are just co-incidence because no government can control BTC.

At the moment it is still a bit unclear whether the price of bitcoin will continue to fall periodically or make a recovery. Today is quite surprising in my opinion because the price fell very insane. Maybe if ATH really happened to be priced at $41k? let's just see. but congrats for selling it for $40k, you guys are really lucky

Check today charts. Everything could be temporary in our life. Especially on so volatile market

We can't actually know for how long this bullrun will be alive for, now I'm even more worried about altcoins because bitcoin managed to reach over 40k and Ethereum only reach 1300$, there is a big difference here, not like that of 2017, I doubt if history will repeat itself again

I would say waiting to buy is a decent strategy considering bitcoin is a volatile product, look it is already down, and when it is down people should buy. But do you know what happens? When the price of bitcoin goes from 40k to 32k, the people who think "I should have bought bitcoin when it was lower, wish it goes down from 40k" suddenly changes their mind and thinks "it went down to 32k, it may go down even more, I should not buy now" and decide not to buy. That is the problem with crypto, people who should buy when it goes down decides not to, and people who wishes to buy if it goes down keeps hyping it from higher levels.

It went down a bit and got higher a bit all day today, and I believe whoever didn't buy from these prices will be very upset in a week when it is over 40k, I can't guarantee this because obviously it could go down even more, but I feel like it will probably go higher.

Prices are far from each other even before. The rate of increase matters more in my opinion if we would compare their market value from one another. But that's indeed correct, we cannot really tell if the recent price increase would either be for a long run or not but if we would be depending on this market industry's nature, for sure things won't be consistent. The market price could either go up or down and the only thing we could do is speculate on how will things occur. At this moment there is a downfall movement but that won't be enough to tell if the bullish market is already over because we do experience such thing randomly. I'd say if the market price will continuously fall, perhaps til $25k, I guess it won't still be enough to say that we will no longer see another price hike this year. The price could again go up in a sudden. So yeah, it is hard to determine.

Yes I agree with your opinion, maybe if what you say is all true then the price of bitcoin will certainly drop drastically but I don't know when it's time.

We can't really predict what will happen in the future, as long as it happens. Just like the bull run happened this year is unbelievable reaching the new ATH and even made it doubled what happened last 2017. We are all grateful that it happened, a lot of people really made a lot of profit because of that. There's a lot of good news happened when the year starts, the bitcoin's market cap is on the top lists. We are all looking forward on the journey that we are doing here, and hoping that the market continues to rise up.

The correction of the exchange rate price of bitcoin was inevitable at such high growth rates and the whole question was only at what price level it would come, that is, when some of the market players would take a profit. Let's hope that there are all the prerequisites for this in the face of the ongoing pandemic and the large amount of money that governments print, that now there will be some market consolidation and growth will continue again.

Price has gone down yesterday and is continuing to do so as we speak, which may already give OP a hint of what's the answer to his question. Though it is still too early to say that bitcoin will start to depreciate once again since it has only happened for a couple of hours and may very well bounce back depending on the people's confidence towards the coin.

The correction happened, and now since yesterday, the price now plays within the price range of $32k - $36k. I guess this would be the prices for the next few days if something won't happen. I don't think it would go less than 30k, but I do hope that it reaches higher than 36k for the next few hours.

Although, I believe within this year, as long as there is a pandemic. The price of BTC will still increase.

There's a big chance that this correction may continue, certain test where holders must stand to how they understand this investment venue. Most of those who manage to bought in an early months are now cashing out their profits, if you bought from the peak better not to decide too quickly, you'll lose your money if you sell it with panic allowing those players to buyback and load up again with a much cheaper value. Think and keep your guard up, follow your own instinct and be patience in anyway.

History always finds a way to repeat itself, that bitcoin is currently doing impressive numbers solely doesn't means the alts has no chance of getting their share of the now 1 trillion market. The bullrun has stages and we're currently in the second stages were ethereum begins to pick momentum and gain massive ROi. Next will be big market cap which assuming the court case wasn't again Ripple then probably by now we would had been seeing XRP trading at almost $1 or higher.

The small marketcap coins come in last, which is where the fomo comes into play and small marketcap coins does impressive numbers in 24hrs. Some even doing 100% and above ROI. The phases are taking too long because the market now isn't like that of previous years. The market has evolved, we now have other factors that contributions to the way the market react.

Now we have more Institutional investors and they're mostly pumping bitcoin. Sooner the profits will be taken and attention will be forced to other area or the market which alts will stand an opportunity to benefit. It's a gradual process this time around and hopefully it'll last longer and not just a pump and dump type of altseason.

I think maybe this is the time for bitcoin prices to go up. there maybe also someone behind it who can control the crypto market price. but if the crypto market price is in control, why did it take so long for bitcoin prices to go up, why did it take so long for it to rise this high. but maybe this is will not long last, the price will crash out again because of several possibilities, can the government take part in the rise and fall of bitcoin prices?

I have read that this is the 3rd time we have witnessed a Bull Run with bitcoin. 

From yesterday the price looks to be turning back to positive which we all knew was going to happen at some point.
 
But I think the the recent rise in prices will end up being long-term more then short-termed.

For now it is temporary since the price of bitcoins was starting to go down a bit. Still this time we can't still determine if this price fall would be continuous or it just on today's current situation no one can tell. Better to stay on safe side for now and it is best just hold for the meantime.

The economy is still not recovered, you have to realize that when you are making decisions. The whole world is still doing horrible, specially USA, there are 4000+ people dead every single day there, that is more people dead in USA than any war in the last 100 years combined all dead because of corona virus. It is a political situation but there were other things involved as well like idiots who refuse to wear mask type of people.

So, as long as you do not have anything to worry about from health reasons, you can see that the whole world is in economic shambles and as long as that continues we are going to keep having these high prices. Bitcoin increased this much because fiat became increasingly horrible and that is exactly why people started to invest into bitcoin, to run away from bitcoin, and that is why I honestly believe that we should probably still keep investing.

Shall the post has been posted before the rapid increase of bitcoin, so its obvious that the recent increase of cryptocurrency  have answered the question, and its very clear that price of cryptocurrency especially bitcoin still on motion of increments, and definitely the price will automatically reduce but not like initial, because everyone know that the price is not constant.

We can't avoid reality, because what is happening is that the price will always go up and down so far so I assume it will continue for a long time. But regarding whether this increase will continue or not, I personally think that the price will continue to get an increase in the near future because with the correction that happened it will make the increase slower but I believe the price will still rally at $40k.

I am surprised from those holders who give up the idea of taking profit.
Obviously, the market has a cyclical nature, the price never stands for a long time in one place. Today bitcoin is 40k in a year it can cost 20k.
If your goal is to make money - take profit, if not, then you are a true holder.

Investors are composed of'

-Holder
-Active traders

Taking profit or making some action will vary on which one you do belong but doesnt mean that holder wouldnt really become a active one
yet switching up would really be just easy as 1,2,3.It depends on someones decision towards their investment neither
they decided to hold or would trade for shorter possible gains.

Now the price of Bitcoin is at the price of $ 34,000 which means the increase in the price of Bitcoin is only temporary. Because previously Bitcoin
could go up to a price of $ 40,000. What is happening to Bitcoin now is normal, because every time Bitcoin goes up, it won't last long, the price
will fall again. So take advantage of the fall in the price of Bitcoin as an opportunity to buy Bitcoin, because it shouldn't be long before Bitcoin is
able to return to a price of $ 40,000 again.

We still cannot say if this will be just more of a long term or just a temporary rise but right after seeing that Bitcoin price have dumped from $40,000 down to $34,000+ it seems more likely to be a temporary rise but it can still be possible to rise up once again for the pumps and dumps are just common in this market. We will just wait up and see what possibility can make happen on the upcoming days and see if there would be a recovery on the price or it will slow down declining continuously. But we sure all hope this dump is just an opportunity to invest or purchase Bitcoin and it can go soon recover to gain some profits from this. Hope that this will not be another bubble and be more likely stabilize on high positions unlike 2018 that turns out to get bubble after the bull run.

The recent rally in cryptocurrency prices came at a time when there was a decline in the purchasing power of the US Dollar, as a result of stimulus and other governmental measures. And with Joe Biden taking charge in a week's time, we can expect further devaluation of the USD. He is already finalizing his plans for another $3 trillion stimulus. Also, a rally for Bitcoin was due ever since the last block reward halving event.

I think It is temporary. Cause market is not stable It's dumping and pumping instanly. You can watch the graph chart of ltc.
Market is quite unstable at the time. Though prices are pumping shockingly It's not stable.
So i think It's temporay. We may have seen this kind of temporary market pushes in near past.

If I look at the technical basis, the RSI is currently Over Bought and there should be a correction. I haven't seen an RSI below 30 in a while. Bitcoin should undergo a correction at the support point to meet the GAP. Yet many speculators say bitcoin will continue to pump. high risk when trading in the current market

There is hope, this time the price could remain way higher as institutional investors have invested massively in this market, and that is just taking into account the information that we know, it is entirely possible they have been buying bitcoin in secret without telling anyone and they actually hold more coins than what we think they have, so this time around the price has a higher chance of remaining high enough to avoid a crash, but if those institutional investors decide to sell then we could see a massive bear market for bitcoin when that happens.

It's going to be a year of violent swings in both directions.  I think traders are either going to get smart or get hammered, no middle ground.  The best case for non active traders are going to be either cost dollar average or to buy on extreme dips.  I am waiting for a true decoupling of US Market/BTC and the US Market/GLD&SLV.  People said this happened 12-18 months ago, but that is not true - there was not a definitive decoupling.  Once we see this, traders will be able to better gage the direction.

Those who are saying that it will pump higher are scared that it might drop. Must be bagholders who are now feeling the heat because they forgot to sell at 40k and now watching the 34k price.

One bad thing that I noted was that since the pump was astronomical, the support levels between these price tags were not high yet. Hence the reason why they drop very quickly once they pump super high. Still the 33-34k USD prices are being held and lets assume this to be the next support level for now if we dont drop further.

Hoping to see more drastic changes in price soon before it becomes stable.

The Bitcoin market cap has increased by more than $500 billion ever since the current market rally began. And the trends indicate that institutions are still mopping up the excess supply, although at reduced rates. The pace at which Bitcoin moved from $19,000 to $42,000 in just one month rattled a lot of the investors. They were never expecting the prices to move this fast. Even those who were planning to invest in BTC were forced to hold their decision for sometime. However, now the indications are that the investment has started pouring in once again.

We had a small drop in bitcoin prices in the last week but we are already up 10% again since yesterday. 40,000 USD is still around the corner. In my opinion these new prices we see at the moment are long term and will stay here. There are too many people now who believe in bitcoins are willing to buy at a cheap level. Without so much support the price would have likely dropped down again to below $20,000 USD. But the longer the price will remain at these levels the more optimistic new investors will become and start buying new bitcoins.

For me, I think this BTC rise that happened recently was temporary as people got interested in bitcoin and invested more in it. There are various things that happened like the BTC announcement of PayPal, the recent US election and of course, the influence of rich people in social media. Bitcoin is still increasing right now but eventually, it'll go back to the normal prize, we know that correction exists in the market.

It seems that bitcoin still keeps resisting, I thought correction will now occur, price drop but instead, it rises up again.

That is true though.

It is unstable and right now the correction might be happening but I think it will just fall for the better of the price in the near future. What I mean is that it will be a brief period of time for Bitcoin to rest and after that short period, it will just go back to what it is doing since the start of the year.

The recent Bitcoin growth is certainly different from that of 2017. It was during that period we have lots of ICO promises that want to give lambo to investors, so many unnecessary start ups that couldn't last sell pressure from sellers and end up dead with out value. Many thought of BTC in that manner and that's why the growth didn't last as we experienced in this season.
If you view this critically, there is so many adoption from different institutions and likely may see more as we sail to further.
Biden or Joe, bitcoin will grow.

Just my realization in the past years, ever since I joined this forum way back in 2017, I have accumulated around 0.45 bitcoins overall purely from participating in campaign signatures. Back then, price of 1 bitcoin was equal to around $5,000.

Currently, it is the start of 2021 and the price of bitcoin has increased significantly in the past few weeks. The price sits at around $34,000-$35,000 with little highs/lows as it remains on that price set. I would think that around 3-4 years from now, prices would significantly increase again due to its diminishing supply. As I highly advise, the keep your bitcoins for long-term; with the exception if there are expenses that need to be fulfilled asap.

It is fundamentally wrong that things go up and down constantly without any change at all. It is obvious that you could have up and down type of changes, but the reality is that you could also have a slowly gradual increase for a very long time, or even have some sort of stable price for a very long time as well. So, I am not saying bitcoin will not crash, it could still crash, but the reality is that people act as if that is the only option.

I personally think at around $50k levels we are going to get stuck and not move, that looks like a possible thing, and by around that price we will build support levels and resistance levels and we are going to go up and down between the support and resistance level for a very long time, not because we can't break it, as proven otherwise we can break any level, but more like we wouldn't want to and just stay there.

IMO I think the price of bitcoin will continue to stay up for now, I doubt if it's going to crash anytime soon cause they are still much hype around it, but again we can't always tell what the future holds, so fingers crossed for now.
Agreed, after PayPal made that announcement large financial institutions started investing/buying more bitcoin and using it as a store of value for them company,before then they all saw bitcoin as a bubble and not as an asset.

That is an assumption that we are making and it can be a dangerous one, institutional investors are in it for the money they can gain, they have no ideological ties with bitcoin, most likely they do not care if they destroy bitcoin in the process, they only care about the profits that they can make with it and if for some reason they want to sell their coins you can be sure that they are going to crash the market in the process because it is going to be impossible to absorb so many coins so quickly.

In my Opinion, The later rise in costs will be brief, and the cost will increment and diminish once more. That's what happens to the showcase from a long time prior. But if you explore for long-term, the cost may well be expanded so tall, and you'll not know how tall the price will increment. I think dealers presently utilize this time to form as much benefit as conceivable some time recently the cost drops as well profound, and they will get out for a whereas from the showcase and appreciate the earned bucks.

This does not look so ridiculous now that bitcoin is stuck at 30-40k than when it was still at 8k last year. And this may definitely be the case until we reach a certain price point people will be comfortable to deflate the coin into. As of now the main reason why bitcoin's price is not going down is because of the efforts of private companies in pumping bitcoin's price along with the small-timers hesitation to cash out due to ginormous transaction fees. This wouldn't really happen if there is ever any way bitcoin can be converted to cash without paying too much transaction fees, but we are stuck in here, so we gotta deal with it. That being said, one can expect that this ATH is here to stay for a while, until a game-breaking event happens which will amp the people's confidence in cashing out.

For institutional investors then we can really say that they do really have that buying power and accumulating lots of coins in a short time duration.

This might had been the reason on why we skyrocketed so fast but doesn't mean that this is already a good indication that we might experience ahead.

As mentioned that selling time would really be there and time will come for it to happen.Its just impossible not to think on why the heck they do invest out?
They aren't pertaining about its long term potential or usage but of course for money making opportunity.

I believe they are not temporary at all, but I do not believe it will continue to go up for now neither. I believe 40k is totally realistic price for bitcoin, I actually believe 400-500 thousand dollars level is "realistic" target for our cap as well, I do not see it becoming 1 million dollars per bitcoin because that would be nearly twice of gold market cap and I do not see that happening but 400-500k is about gold market cap give or take and that could potentially happen.

At the end of the day bitcoin needs a realistic max that it can ever reach, and I believe that is half a million dollars, maybe it will happen in a few years, maybe a decade but that is the max I can see it going. Until that price is reached I believe there isn't going to be anything big that would be shocking, we can reach to 100k and it wouldn't be shocking to me at all, as long as we are at realistic levels.

That is the worst case scenario, but remember that this institutions are in for the long haul. Maybe their target price is like $100k to really make some liquidations, and of course to make profit. But there could really be buyers as well, if they decided to sell then someone in the wing are waiting. Also bitcoin supply is dwindling, it's running out so getting it is going to be hard and these institutions knows that's why I doubt that they are going to sell in the next couple of years.

I disagree.

The Bitcoin price what we had last December 2020 until now was from $20,000 to $42,000 and that's a $22,000 increase in just couple of weeks, while in 2017, we had $900 to $20,000 which is only $11,000 of price increase, so what's the "slower" rate you were trying to say? It is Crystal clear that Bitcoin is much more aggressive now than before, that's because of recent countries adopted Bitcoin and big companies like Tesla and Microstrategy investing in bitcoin.

No doubt that they are here for profits, what might likely to happened is they'll be bringing
this assets too much bigger audience and allow newcomers to invest in, whatever the target is still unknown.

The good catch is institutional investors in not like come and go type of investors they are well aware that there's a perfect time before harvesting  profits.

They've got the right target and they will aimed for the big one before letting go of their assets.

Institutions usually don't offload their assets that quickly. Although I would say that some of the institutional investors may not be looking to hold the coins for the long term, the vast majority would be willing to hold them for at least a few years. They do their investments in a systematic way. At the time of investment, they will be having a target. If that target is achieved within 6 months, then we can expect them to dump their coins within that period. On the other hand, if it takes more than 5 years, then they will hold the coins for that much time. But the most worrying aspect here is that they will be having a stop loss target as well. If the BTC exchange rates go below a certain limit, then we can expect a massive selloff.

At this point anything is possible, while I also believe that institutional investors decided to come to the market because they see the long term potential of bitcoin the scenario that I presented cannot be discarded, there is always the possibility that they may decide to sell before reaching their targets and if they do so massively then the price could take an enormous hit and with it the confidence in bitcoin and its future as a store of value.

I do not get why people assume that crypto will be sold that easily. We are talking about billions of dollars, if the companies wanted to sell that much bitcoin and crypto they would have to find buyers for it, could they find buyers? Technically they could find that would pay a lot lower than what they paid for it, but when you are up 2x from your entry point and you want to sell, would you consider selling less than what you spent from that position? You would prefer if you could get double like it is right? Who would want to buy from 15k, see it at 40k, and sell at 10k?

Plus they are still buying, grayscale bought 7k+ more bitcoins just last week or 10 days ago or so, which is why I do not think that it would be a problem, they are not selling because they are super rich and wealthy so they do not have weak hands and they keep buying to get richer and richer.

It was december 18th, 2017 when bitcoin hit 20K USD. Halving was in spring, 2016. We had the same situation this year, right? Halving happened during quarantine, bitcoin didn't fall and went high. As it was expected, bitcoin's price significantly rise in winter, as we reached 40K USD. I was hugely hoping that we would reach 50K and was holding my coins but decided to sell them at 32K (but still kept half). I don't have a hope that price will rise but there is still a good chance, we may hit 50K but after that, personally I wouldn't risk to hold coins.

If we have a look at previous statistics, then obviously this recent rise of bitcoin's price was just temporary and it's time to sell.

Well, we should be. Let's take that as a breather and it happens every time the price makes these kinds of pumps. The price is going back and forth at $30K and $33K and we are seeing the price getting unpredictable again. I don't know if we will be hitting the price at $20K but I don't think it will last there considering the number of investors lately.

according to the chart, this is indeed a Bullish cycle, we have entered a bullish after a long bearish cycle,
of course that is a difficult thing for holders and traders, and we are all going through it, I guarantee this is a bullish long term for bitcoin,
even if a dump occurs, I think it is is a only correction.

It should be borne in mind that absolutely in all states there is a drop in the level of the economy due to long-term and unprecedented measures to combat the coronavirus pandemic. Therefore, inflation will rise. People will flee from it, invest in cryptocurrency. So overall, I think this year will be a very good year for cryptocurrency. Of course, this market is very unpredictable. With active growth, there will also be sharp price swings. This year should be very successful for traders.

I was present when the price crashed in 2017, so I do understand why you wouldn't want to hold any coins if $50k happens any time soon. I don't know if I would keep any either to be honest. However, I do think that Bitcoin's price has now officially settled to be that high, I mean, I highly doubt that it is going to fall again, we're not going to see a 2017 price crash, for the time being at least.

In the percentage, 22 divide by 20 is lower than 11 divide by 9. I think he trying to say that. Agree, big companies which investing on bitcoin really make big hope to us, i dont think the price will correction very dip even if the correction will happen.

Even if price falls to $20k, it'll bounce back up. To a minimum of $65k by eoy.

If you look at the price of Bitcoin which is still stable above the $ 30k support price, it is like the increase in Bitcoin for the long term.
At least during 2021, I am optimistic that the Bitcoin price will still go up, with the Bitcoin price going side away right now. Make some
altcoins increase in price, although the increase is not significant. But I believe 2021 will be a good year for crypto.

On the one hand, the situation is slightly different from previous years, on the other hand, we can still see the trends that have already formed. And these trends suggest that the more bitcoin and alternative coins are introduced into traditional markets, acquiring features in the form of accompanying exchange instruments, the higher the exchange price will be. That is, the lower limit of the exchange rate price in the case of a collapse and the upper limit in the case of a take-off are now twice as high.

I believe that drop might be temporary though and we should not be worried about it. Let me explain it in laymans terms ; bitcoin went from 20k to 3k, a huge fall that nobody expected, needed 7x to recover, and in 3 years it has actually gone to 41k, that is over double of the previous peak and same could happen.

What I am trying to say is that if the price goes down from here, which it totally can, that doesn't mean the end of bitcoin, you could buy from this price, wait for it to go up and if it goes down instead, you could keep buying, buy bitcoin with every paycheck, use like 5% of your paycheck if you can, and keep buying more and more, eventually price will stop going down, just like it did during 2018 and started going up in 2019, there will be same period, and next time something like 2020 happens you will have a lot of bitcoin from low price and you will profit very easily. So even if it falls now, do not be discouraged and keep buying.

I don't think the rise in Bitcoin value recently has anything to do with who was elected the President of US, it was as a result of new money coming into the space from institutional investors and there are proofs of this. The price will likely go side ways from here and will allow Altcoins to pump and regain part of their lost value against Bitcoin, any Altcoins that fail to pump, this is when you will not the dead projects.

The recent market surge is a natural process.  because market fluctuations always have a large frequency of fluctuations.  based on that oscillation, the trend of the market can be assessed.  I believe that as long as bitcoin holds its anchor, $ 32k, it will continue its long-term growth and the condition is to hold for the long term.

The crypto world has never been stable and there is no assurance that it will happen in the future. So the prevailing high price is not in my viewpoint for a long time but temporary.

Yes, even though the US has an influential economy for the world economy but that doesn't make it a driving force for the cryptocurrency market, so whoever the president is elected or there is a problem there won't make bitcoin prices go up and down. The effect of that is likely to be attributed, but it will not last long because the supply and demand in the crypto market continues so that its movements will not be easy to control. But regarding whether this increase will continue or not, this market will not really continue to rise and fall so that any increase that occurs requires us to be ready to overcome dumping that could occur at any time.

The US can influence the global economy but as far as the crypto market is concerned at the moment it not based on the US presidential election and mainly the bull run was a result of institute involvement and PayPal allowing their user to buy bitcoin. I think this pump is here to stay for a while and chances are that price might go past $50k at the end of 2021 or in early 2022. But before this happen the price might dip to $25k for a slight correction.

BITCOIN MAY BE A BUBBLE. Being the beginning of a new year, and BTC having hit new highs, the number one fear keeping people on the sidelines is that they feel they've missed it, and the further up it goes, the more 'proof' this is that the price is setting up to implode. There is certainly a reasonable logic to these assumptions. And no one can deny that we have never seen something (let alone an 'asset class', as its now being referred to) go up this fast, this far, and be sustainable.

People naturally fear what it is that they don't understand. And for good reason, this is our finely tuned survival instinct at work, which has been fine tuned over the millenia. After all, if you're wrong about the tigers intentions, a second chance is less than  likely. The problem comes from, how little people know or understand about what it is that they have slowly, but eventually, come to trust:FIAT currency. FIAT by definition, means 'by decree', or essentially "hear ye, hear ye", an  arbitrary, formal announcement by the powers that be, the King or otherwise. It took a long time for the people to come to trust the central powers and to accept their "money", in place of what they had always known to have value: gold and silver. The USD was backed or 'pegged' to gold, which is where it derived its worth from, until 1971, when President Richard Nixon took us off of the gold standard, without the permission of Congress. It was than that we became a truly fiat currency.

The central banks have long abused their powers, through overspending, inflating away their deficits, to finance wars they couldn't afford, or to repay creditors, in 'diluted' currency. Globally, this has lead to the 'race to debase' nations currencies, to make them more attractive (affordable) places in which to invest.

While BTC may well be moving parabolically, which yes, can understandably be alarming, at least we can see its price.  What we can't see is the Trillions of dollars created out of thin air by central banks, who now have a monopoly over the currency supply, and are accountable to no one except themselves.

The powers that be are also understandably worried, about losing their power to control the money supply. Nathan Rothchild said "Give me control of a Nations Money supply, and I care not who makes it's laws".  This is to say, that he who controls the printing press, runs the show. Its time we take back what they have abused for so long, power.


BSchlick

Dumping that occurs at any time also has a reason.  There is no sudden decline, in every decline there must be signs and reasons given by the market.  Before experiencing a loss, you must be ready to cut losses in the position you expect.  Because I still believe the bitcoin price continues to peak at new highs, if there is a small correction it is natural.  Whatever is happening right now regarding the price of bitcoin in my opinion it is still healthy considering the reasons for good fundamental reasons, and graphically this increase has the same rhythm and I predict the price will continue to rise again with the next few corrections.

I believe that the current situation in the cryptocurrency market is quite predictable, since all price fluctuations occur for some reason. Today traders want to lock in their profits and therefore sell when the peak is reached, and as soon as the price drops, they buy again. If you look at the historical data, then in 2018 the cryptocurrency market experienced almost 6 corrections.

The sudden rise in the price is in my opinion temporary.

Taking into account big investors, PayPal announcements and more exposure and enthusiasm shown my role models of millions of people has led to this high spike.

We already saw that it reached its peak at 42k and since then it is gradually coming down, so I think your question is already answered.

I don’t think with Biden would do any good to the crypto market but he would actually try to apply new financial sanctions to control the growth of bitcoins so that people wouldn’t avoid taxes.

We cannot expect any government to actually be in favour of cryptocurrency as it is difficult to track it and it is almost anonymous.

Change is always persistent in crypto market and like the saying nothing last forever but the time to do is making something meaningful out of every trend the market presented.

You maybe right but the institution we be aware of President Biden stance on Bitcoin before us and if the institutions switch to Bitcoin it a possibility that Biden administration will be friendly with crypto. However,  his Treasury Secretary (Janet Yellen) stance  is what I believe it a big issue cause she make a statement that Bitcoin is used "mainly for illicit financing."

We have see some government who did something in favor of crypto but not all cryptocurrency that are anonymous and that include Bitcoin.

If you are us citizens, using any cryptocurrency(if using exchange, not p2p models) cant be considered as anonymous transactions, i think many exchange apply KYC for US Citizen to make them paid taxes for it. Also i agree with u, Biden may apply more new rules which try to track cryptocurrency growht so that people wouldnt avoid taxes.

Given the volatility existing in crypto currency; it is safe to say that there are no temporary price or permanent price, it is better called trading price. Bitcoin has experience price upsurge as well as altcoins but i do not think the high prices are sustainable in the long run; do your research and ensure to take profits or invest in the bears

Till the time organizations continue to hold or buy bitcoin prices will not see a very drastic fall. If only negative news come in market where many start selling could be a trigger point for the big fall else small correction is in place always but anyways for long term holders that is part of the case as eventually in the long term you do make profits.

They also do not have a price in their mind that people do not understand. These are companies that work with tens of billions of dollars and they buy it at around 5k-10k level as well in order to not increase it all that much very quickly. You think grayscale bought 500k+ bitcoin all at once? They have been buying since April or may if I am not wrong, they are collecting as much as they can without disturbing the market so that they would benefit from the increase without causing it that quickly.

Of course they are going to sell one day if they want to, but that will be in a situation where they sell to another rich person or a company that can buy it, not to you or me that will buy few hundred dollars of that amount sold, it is not going to be to the market directly, that would make them lose too much money. So, I would say it is going to be fine for us either way.

Well I agree with you, the prices are volatile, and we can literally expect anything now! At least I expect unexpectable! In my case that is some heavy drop to under $20k, or to stay where, maybe $30k is the new bottom!
It's a big question what will happen in the next month or two! Many options are open, and even thou I can agree that higher prices seems not sustainable in the long run, we may be wrong about that. Some people say that this rise doesn't look at all like the one in 2017, and this can only be preparation for the next bull run... so all of us who are waiting the drop to buy (and I think there're many of us) can stay short!

You have a much higher chance of gaining decent amount of profits if you are into long term investment. Corrections is always coming
so expect that  value will fall back.

Don't be blindly move by fuds but better to analyze every situations, wise is a man who thinks carefully before making any moves. Past
experieced also a good basis choosing between long and short term investment.

Your whole comparison is just plain weird. Politics and Cryptocurrencies have currently no relation proven whatsoever and we really should stop forcing things that doesn't go well together. Bitcoin's value is boosting the value of other Cryptocurrencies in some situations and as we are seeing right now, btc's value is fluctuating at some values but its not creating a trench pattern like it did before. We can surely see some more stabilization within the following months because of its new applications being developed.

When crypto went north in 2017 I was of the opinion that it's just a bubble and it would burst sooner or later. But the ascent of bitcoin this time looks pretty good. Now I feel that even 2017 ascend looked logical. At that time there was a huge amount of retail investors that entered the market for the first time for quick profits and old institutions took advantage of that thing to make some profits at that time. But on the other hand, this ascent is marked by institutions investing huge sums of money in cryptocurrencies. I still feel that for a virtual currency $40k per bitcoin is a huge value but now when everyone has more or less accepted it as an investment asset it looks like an intelligent choice to invest in it. Prices might not stay stable around 40k at this point but one thing is sure is we are going to get a bullish market over a long term horizon.

You just hit the nail on the head,that's the simple truth. Crypto tend to grow in value but sustainability has never been better. You will see a coin make 2x in value and still loose everything before the monthly close. Bitcoin is even better, unlike then that it's was so volatile that bitcoin could loose $4k monthly during the last all time high.
Even now is not too different, if we check bitcoin price, we are down $10k from all the high.

But that is precisely the issue, it is impossible to predict what the market is going to do, which means that the current top of 42k may seem high now but what if institutional investors get scared because of the aggressive policies of governments all over the world and decide to come massively to this market and buy everything they can, suddenly the price of bitcoin will grow up dramatically as the supply you can find in exchanges dwindles almost all the way down to zero.

Digital currencies tend to invest in short-term, but in the long run, the price of Bitcoin is rising. However, the current Bitcoin price increase is too high, there is a possibility of a little false high, so there may be a callback, but the magnitude will not be too large.

What Janey Yallen was trying to say is that there needs to be a lot more surveillance in the crypto world and not let it be so much anonymous, otherwise not in a financial situation that would impact on us. Meaning, you could buy and sell crypto all you want, you could profit from it as much as you can and by all means make the most profit from other nations and bring their money to USA, Janet would be very happy about it, but let them know while doing that, tell them how much you bought and sold and whatever and in the end you would be capable of living your life like the old days as long as you let them know.

The thing they are against is the privacy part of bitcoin and since we are not dealing with XMR here, bitcoin is not THAT private neither, people can trace addresses and transactions and figure out where you took your money, so it is not really that interesting request neither.

We will look at that maybe this week or the next as the price is closing down to $29K. The price is slowly losing its strength but that doesn't mean that it will not be doing its climbs every now and then. The price is more volatile than in the past and I think it might hit above $25K this upcoming week and just go back to its above $30K price mark.

Year to year increase happened in bitcoin all years except from 2018 to 2019 because in 2018 everything went down, if you remove that year, every single year the price has increased over the previous year. Which means if 2021 is not a year like 2018 which it won't be, we are going to finish the year over 30k for sure as well. That is what I understand from permanent, if price of bitcoin has a good return every year, and we started the year close to 30k levels, that means we should be going even higher this year.

We had 40k+ as well this year, but that was in 2021 and not at the end of 2020, at the end of 2020 it was around 30k and then it skyrocketed over 40k during the early days of the year. So my estimate is not 40k+ it is 30k+ and I think it will definitely be over that when the year ends. It could even be over 40k+ as well, but even if we finish with 40k+ that would be an increase.

First she talking about taking a huge step in centralizing cryptocurrency which is certainly impossible for the crypto community to agree to her offer and I dont know why she want crypto to be more surveillance when company like chain analysis claim to be useful in digging out transactions.
With that been said, the news I read said some different to what you explain, can provide the link to the article where Janet said everything you explained.

Straight from the shoulder, they only want Bitcoin to be centralized so they can have power over cause we both know Bitcoin is not a privacy coin.

I don’t thing it will last too long. Bull market is a temporary market. It stays for a short period of time. We had seen in past that btc dropped to 50% to 60% in a a day.
So i don’t think it will last too long.
But no one can assume perfectly. It can last for a while or a decent period of time.

Market corrections are normal. After the journey to the moon, we can see some dips. Since Elon started promoting this one, although his tweets are just for fun or what, it attracts many people's attention and makes the price of bitcoin move forward, as long as there is no news that can affect the bitcoin price and make it drop, it will continue to pump, so if you buy last time when it becomes $32,000, you're lucky it's going to go to $37,500 now somehow.

It has already last longer :D.. I was expecting that it will dump last month but it did not happen, my opinion was based on the past bull run where it was only a short live and then followed by a big correction that resulted to a bear market, if it will happen this year, it will be in the first quarter of the year.

If the governments get too strict about some things I am afraid they may do that for crypto as well. The moment there is a law about "you have to pay taxes for each crypto you have" that would be the end of it, because you could buy bitcoin at 30k, price could fall to 20k, and you will also have to pay taxes on the 20k you have even though you lost 10k, so both lose money from trading AND taxes on top of that. Does that sounds impossible to you? That could definitely happen if governments go crazy on crypto.

It doesn't have to be this way, they could just ban ownership of it, they could have high regulations on it, they could basically do all they have to make sure it is not a good investment to make and try to sway all those big companies to get away. Sure you can still have some in secret but these huge companies can't do that so they will end up getting away from crypto as well.

There are no doubt how many analysts, the same number of opinions regarding the further development of the cryptocurrency market. But if we analyze the rise in prices for popular cryptocurrencies for the whole of 2021, then I believe that the trend will in some case resemble 2017. Based on this, we can say with confidence that the cryptocurrency market is only at the very beginning of its growth.

With the involvement of institutions, BTC set a new ATH around $41k initially but after Tesla infused $1.5B into BTC, it tests a new ATH close to $50k and we might see short-term stability around this point. Chances of a small dip are also present as it is the way to earn more.
New trends are forming in the market, none of which were seen in the past bull runs.

To answer this question, you also need to be a competent politician. It's like a lottery to me. It is very difficult to determine how the cryptocurrency will behave while global events are taking place in the world. I think it takes time for relative stability in politics to come and then it will be possible to make a forecast

As per past history i can say this cost will rise more since BTC is prevalent presently and selection rises,In past After such an unimaginably tall cost increment, Bitcoin drop in esteem. In any case, the foremost energizing address for us so distant is when this will happen and how moo it'll drop. If about the profundity of the drop within the cost of bitcoin, essentially everybody concurs that it'll not drop as well moo, at that point no one can unquestionably say anything approximately the time of the fall. Most likely, the bullish development of bitcoin will still final up to two weeks. After this time, capital can start to stream into altcoins.

There is a lot of optimism and I think that this bitcoin bull run is totally different for these powerful reasons that the following article says:

https://www.nasdaq.com/articles/bitcoin-2017-vs.-2021%3A-how-this-bull-run-is-different-2021-01-22 (https://www.nasdaq.com/articles/bitcoin-2017-vs.-2021%3A-how-this-bull-run-is-different-2021-01-22)

I would like bitcoin to continue its upward race and humanity can take advantage of the full potential that the network has.

Although Bitcoin needs more development, use cases and to be more accessible to everyone, the most prominent advocates of bitcoin are thinking of creating solutions.

When we do talk about confidence then I can bit say that this is much better compared into that year 2017.When it comes to talk about if this one is temporary or long
term then no one can really tell.

Price will really be depending on the demand itself.If the entire community or worldwide will really be having that recognition or adoption then we can really say that this
will really increase in upcoming future.

As an investor then its up to your decision on how you would really take it or take advantage of it.

There are already laws about paying taxes on crypto and that's not how it works.  If you buy a coin for $30k and it drops to $20k, you don't pay taxes on the $20k.  You only pay taxes on gains, and only at the point of realization, either selling or buying something with crypto.  Also, if you receive crypto for any reason, it's income and is taxable as such at that time, regardless if you sell it or not.  You're not taxed on unrealized losses.

If we consider the factor of institutional investors coming in the market, I think the rise in prices will be for long term. Most of these financial companies are in the realm of investing firms so they will definitely go for long term but it could be a temporary rise since they can bail out what they are hodling back into the market and get their profits but if that were to happen, they will definitely go back and buy back bitcoin to invest again and smart individual investors are going to be grabbing that opportunity to buy bitcoin at a bargain price.

Yup, Crypto is considered as a property which has a specific value in USD. Only the gains in the trade as he said will be counted as taxable.


Bitcoin is okay and great as it is, there is no need for development in the product such as BTC as a currency for worldwide use. I'm good with it being in the same manner as how you trade gold, and it will be more complicated if it will be used as payment for ordinary transactions.

Right now, we can see news that shows us that BTC and other cryptocurrencies are actively bought by large companies such as Tesla. This means that the growth of BTC is due precisely to these events and the fact that large companies have accumulated large capital and are now looking for opportunities to preserve it and increase it. Why not do it partially through BTC and other cryptocurrencies. Indeed, they make a choice in favor of crypto and this moves the prices of crypto up. If this trend continues, and it is likely to continue, then we will see the price of BTC several times higher. In any case, I and the entire crypto community hope so.

In my opinion, after taking office, Trump and Biden had some coincidence when the value of bitcoin increased. But to me, Trump is more friendlier and correlated with bitcoin's value. As for Biden, maybe not. The main reason that bitcoin and cryptocurrencies serve as a lifesaver for an economy in disarray after a global catastrophe called covid 19. Depression and depletion of securities has led to an explosion in the crypto market they we see now.

It depends on the rise. If we're talking 20k, that's most likely a set low support that we won't break, even in the coming bear market. 40k? I'm thinking it should be a stable middle ground. We can go below it for a while but it will act a bit like 10k in the last cycle. Anything above 40k is most likely up for correction sooner or later, unless we don't get a FOMO rally at all this cycle and slowly stabilize.

I don't know but since Biden becomes the president of America many institutions freely announce their interest in bitcoin , I think Trump is not good for bitcoin I mean in his term these companies are hesitating to invest or to promote bitcoin in their country since Biden becomes the president the price of bitcoin continues to grow and pumping even more, a lot of good news has been spread and major companies related to finance show their interest like PayPal.

It's just temporary but it seems that the price of bitcoin will surpass it's highest record and keep rising until there's no more strong sentiment that influence bitcoin market. I am a long term bitcoin holder and now I'm at good position to sell bitcoin. I don't sell it now because I am sure that the price of bitcoin will keep rising. I am really lucky because usually I buy or earn many bitcoin before bull market.

Paypal helped for sure as the first catalyst but the price has more than doubled or even quadrupled which means Paypal is not the only reason and yeah many new investors have started investing in bitcoins which has definitely helped. Elon musk became the richest person and since he has always been involved into cryptocurrency in some way or the other like how he did with his twitter which I believe must be another big reason along with their 1.5 billion crypto investments into cryptos.

It is going to be a infinite cycle like success of one's involvement in crypto will lead others to get into it and this way many people may join us on board in near future and FOMO due to this, will do all the other positive things for bitcoins for sure.

It is clear that Elon Musk influenced many other big investors to get involved in bitcoin investing only after Tesla announced a big buy in bitcoin. People will start to believe that bitcoin is a future asset as a great store of value, PayPal has a share of that too. So all the good thing about bitcoin today is that investor have realized the potential that bitcoin has. I hope the government will no longer make effort to prevent increased adoption. The new ATH has been reached, maybe we'll see something bigger than now in the near future.

Illegal things will always be associated with everything, in fact there are fake Paypal users who will buy a Paypal account and then use the chargeback feature to scam others so I mean illegal activities can't be stopped in any payment method let alone bitcoins.

Well, you have a point there, --illegal activities are anywhere and any form of payment will perhaps abuse by those bad people who continue doing illegal activities for their own sake and benefits. On other hand, this recent spike is very prone to have illegal activities such as thief and hacking your bitcoin and others offering Ponzi schemes just for their own benefits. But besides that, the bitcoin price hike won't be affected by those people doing negative impact on bitcoin, there are too many institutional investors that keep coming just to adopt bitcoin because perhaps they already understand how bitcoin works.

Agreed, and in the past when the market turns bullish some try to manipulate the market through some fake news. This time there is no such problem and even if something comes out, people aren't reacting to it. Next is about the security, to manipulate the market exchange hacks are circulated as a news. This time we don't experience anything likewise, and this makes me believe that the growth is long term.

Yeah those institutions can manipulate that whenever they want but remember it is not their money neither. Those companies like grayscale who bought that much bitcoin did it with investors money, which means there are people with 15 billion dollars or so gave that money to grayscale to buy bitcoins on their behalf, so that wasn't just grayscale, that was investors who allowed grayscale to do that.

So, there is a limited amount of differences between people buying bitcoin directly like you and me versus grayscale investors allowing grayscale to buy it, only difference is that those investors just put a middleman on their work while we did it directly but the idea is about the same. Hence we should not be worried neither, if you can sell bitcoin, investors of grayscale can too, I doubt all 15 billion dollars worth of investors will want to sell all at the same time.

I would still not count so much on the market's immunity to bad news. The market is a rather unpredictable thing and for sure there may be such bad news that the market will still react to or the flow of good news will dry up and some of the market players will want to take a profit. I also hope for a long period of growth, as long as there is a policy of government stimulus, but corrections are inevitable.

There will be corrections as long as the market exists, like you said I agree on that. The good thing about the rise of bitcoins this time is that there are big names coming into the scene and they are not just advertising or supporting bitcoins but also using it and recently tesla announced that they will accept bitcoins as a means of payment for the cars they sell.

Such type of announcements are pure gold for the growth of bitcoins because Tesla is the best car company and them accepting bitcoin means there will be others who will follow the same path and accept bitcoins as payment. Maybe they can accept ETH and others too which would fuel the whole crypto community as a whole.

As long as we are hearing about news about huge investments coming into the market the price will rally and you cannot predict when these institutional investors will book their profit and once they book their profit the market will go down drastically and it is not a big surprise and you do not need any skills to predict that but to understand their plans you need to have either insider information to book your profit on time.

Most likely, this time a new level of Bitcoin price fixing and cryptocurrency market capitalization will be reached. Then there will be a "sideways trend" with minor fluctuations. Today the crypto market looks more "stable" and stable against the background of 2017/2018. Many contradictions, if not resolved, then at least the intensity of passions subsided, which gives hope for some stabilization. Before which there will be a process of compensation for the accumulated "unrealized potential"

I think even if some institutions or companies suddenly divest their portfolio that won't cause too much of an impact because there are many of these big investors in the market and although there will be negative impact on the market when one of these whales/institutions dump their coins but they cannot actually pummel the market completely.

It is understandable if the price falls down by 5k but I don't see the price swinging by more than 10k within a month unless there is some conspiracy and all these investors group up to plan the dump of the market by selling together, which is near impossible. Different investors from different country, culture and field cannot collaborate suddenly.

BTC and the cryptocurrency market has always been volatile ever since. There are a lot of factors that affects the supply and demand of these and for now, it was greatly affected by the statement of one of the most influential person we all know who he is. In my perspective, this may also lead for other great personalities and businessman or even politicians to try out the crypto market and so increase it's demand again. So I would say this may be a long term rise and we can expect it to go even higher after pandemic.

Will others follow, though? Now that some other companies have already shown their interest in Bitcoin, and with the largest investor being Tesla is there really a point in investing for others, knowing that they won't have much influence on the market? Apart from the FOMO, maybe. But given the fact that the investor-company stock's volatility will most likely be increasing, not many would risk it simply because of the fear.

Besides, Elon Musk is constantly saying different things, and the latest was calling Tesla's investment in Bitcoin "adventurous", which is kind of ambiguous and may sow the seeds of doubt in others' minds: https://twitter.com/elonmusk/status/1362598034866118658?

He also then claimed that he's not an investor, he's just an engineer, and Bitcoin is "almost as bs as fiat":
https://twitter.com/elonmusk/status/1362600676174557186?

It's almost as if Elon is admitting his regret for this investment. Not exactly the best way to make others follow your steps, IMO.

^ He is a businessman and for sure there is a reason behind this that he know how influencer he is and probably changes every people's mindset and what he tweets on twitter. I have suspected that he wanted to say, Tesla is a far better investment, not fiat or BTC. This will probably have an effect on the BTC price when people read his tweet and saw the "BS" and the word "BTC". He is a most influential person but I can smell that he trying to manipulate BTC price and now he belongs to those big players in BTC price. Nevertheless, it is probably good if we put him on our ignore list.

This bull market is going to be different. You have not seen one like it yet.
Previously people were speculating and there were not many institutions. All the demand was coming from traders and people who wanted to join in on the ponzi scheme before it dies - gamblers.
This one will have its corrections but they're going to be shallow and weak.

Institutions changed the whole market, everyone was expecting a parabolic cycle to occur where the market correction during bull-market occurs after the CNY, but the market is still growing thanks to institutional investors using BTC as a hedge fund. With every correction the market rises up since most are buying BTC or any alts during a market correction.

More than 1 1/2 months after posting ,  The price of bitcoin continues to grow so i think that is enough to answer your question and this seems like a Long term growth ?
or at least we wont see another below 20,000 level.



But let's get out of politics because there will be a good effect in out market now ,  instead we need to move forward and accept the fact that Biden is the new president .

In everything that is happening worldwide, there have been very good scenarios for the Bitcoin market, if we go to politics, Biden does not attack the crypto market, institutional investments are investing more and more in bitcoin, but why? Maybe they realized the potential of Bitcoin? or it will be that they handle another type of privileged information that makes them invest here and not in gold or in the stock market, anything is possible, perhaps for now a very strong correction is not foreseen, but a correction may occur and continue to grow in price In addition, the emotions that have been unleashed in people to acquire bitcoin is impressive.

In the long term, it is most likely that it will continue to be at a very good price level and the profits of those who are investing at this time will be bigger and bigger.

The value of cryptocurrency has set a new record the price of each bitcoin has exceeded 50 thousand US dollars. The market is going up a lot and the good news for investors is that they have doubled their profits the world has changed and is improving through blockchain technology usually people want to save cash in times of crisis. But the high value of bitcoin is a blessing for them when major economies devalue their currencies as long term investments in bitcoin pay off interest in digital currencies has grown among mainstream investors.

Nope there are too large difference comparing 2017 than 2020 December because the value maintained even in january while back in 2017 the value starts to fall hard in January.
Stay up and the answers are obvious , we are now at  February 22 yet the value is climbing high.
So meaning Biden cheat the election ? do you have some proof ? or just Hear say ?

There's a difference from previous year bull run and today. The market is bullish and many users surprised that price reach all time high up to date. It's been said that there are large instutions invest in bitcoin or adopt bitcoin that also cause of the price increase. We can say a long term since currently it is sky rocket in the market.

I think you are talking about Elon Musk and yes he purchased 1.5 billion USD worth of Bitcoins which helped the market jump but I think there are other reasons as well because before even Elon started talking about Bitcoins the price was already quite high and there were investors like Michael J. Saylor
who were already advocating for bitcoins and spreading awareness.

The price right now is not overrated given how much the market has grown and how many users are now using Bitcoins which concludes that the rise in the prices might be solid and long term. There are some talks about Bitcoin reaching 100k which I am not sure about but have every chance of happening because if there was a time when this could happen, it is now.

The new average price after the bull run has finished should be around 40k dollars in my opinion and if things dwell well we might have a 50k dollar stable price too from where as you said it can fluctuate up and down.

What exactly do you mean by "inside information" if you could please clear. If you are talking about institutions holding money will let others know when they are selling it is never going to happen because it means they won't be able to grab the optimal value of their bitcoins.

Wonder what will happen once all the bitcoins are mined and out in the market, really get goosebumps thinking about that scenario but still think its far away right now. From there on the supply will only come down.

I think bitcoin and other top altcoins will be for a long term rise. Many more people are still hodling their btc or eth because of its hype in the recent months. But in terms of other coins, we are all hoping that they will still come up in the future not just temporary, especially today where some coins' prices are not stable. It is also good if we try to check newly made projects, why not be a pre-sale investor if the project will be succesful in it's run towards crypto industry.