Bitcoin Forum

Economy => Speculation => Topic started by: Review Master on January 22, 2021, 02:52:14 PM



Title: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: Review Master on January 22, 2021, 02:52:14 PM
Back in 2018, every well known financial institutions were giving negative feedbacks about bitcoin as a longterm assets. Now, everything is changed as those institutions are accepting bitcoin, even making a price prediction a price of six digits . Just look into two of these news.

How it was started: https://www.bloomberg.com/news/articles/2018-07-16/blackrock-s-fink-says-clients-have-zero-interest-in-crypto

Now, it's condition: https://www.coindesk.com/blackrock-give-two-funds-go-ahead-to-invest-in-bitcoin-futures

But it isn't main thing. I wonder for all of those who are already more bearish as they expecting more correction into bitcoin's price. Even lastly bitcoin dumped and everyone be like, lets fall back to 25k or 20k zone. On the other hand, just look into microstrategy who already buy 314 bitcoins worth of $10.0 million at an average price of $31,808. So, correction is needed and i'm wondering that it's just the starting of fueling bitcoin to hit those price of six digits in reality for the long run or reversal is going to happen! let me know, what do you thing?


source: https://twitter.com/michael_saylor/status/1352614708797464582




Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: Charles-Tim on January 22, 2021, 03:15:32 PM
Bitcoin has almost already decreased below $31000 before Microstrategy pumped in $10 million which amounts to 314 btc, this really helped bitcoin price to increase and now at $32500 or a price above when I was writing this, this will make some traders to take the advantage of fomo and the price may still increase further, but likely $35000 may be the barrier this time around, but it will be good if bitcoin price can break this barrier if more institutions join and pump in more money. But, if there is still a decrease in price, likely institutions still have to pump in more money or the price may decrease below $30000 possibly.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: batang_bitcoin on January 22, 2021, 03:17:19 PM
Before it has to get into the $50k-$100k zone, we had to see it dump for so many times. And this dump that we've seen is part of it and you're right. The dump is the part for which it is fueling itself to get ready into a higher zone that we've never seen before. While the small players are putting themselves into panic, the whales are getting themselves those bitcoins that the small players had sold. They'll never understand that we're already far from behind and this isn't no longer 2018 and the clue won't be the same anymore.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: bL4nkcode on January 22, 2021, 03:25:24 PM
Bitcoin has almost already decreased below $31000 before Microstrategy pumped in $10 million which amounts to 314 btc, this really helped bitcoin price to increase
I feel like that the bought 314 amount isn't the reason why bitcoin increased from 28k as the lowest correction since 37k a few days ago, but instead the news about this and the hype and saying, "if big businesses bought bitcoin at such price why should I not? In which these businesses have financial advisors and experts talking to buy this and gain moore"


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: bosede1 on January 22, 2021, 03:27:28 PM
This is just the starting point of fueling bitcoin for riding to the moon, with many companies interested in Bitcoin even Paypal and many celebrities investing in bitcoin it has gained a lot of recognition with their involvement.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: cabron on January 22, 2021, 03:28:34 PM
Facebook speculators wannabe  says its just the start and the possibility that BTC price will not dip back to 20k is higher because of the supply that cant keep up the demand.  When the big names says the price could rise up to $100,000 it could happen or they may just be hyping it because when it comes to crypto anything can happen.



Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: taufik123 on January 22, 2021, 03:36:58 PM
Facebook speculators wannabe  says its just the start and the possibility that BTC price will not dip back to 20k is higher because of the supply that cant keep up the demand.  When the big names says the price could rise up to $100,000 it could happen or they may just be hyping it because when it comes to crypto anything can happen.

Regardless of the price of bitcoin, it can happen and be achieved immediately. $ 100,000 for Bitcoin may not be impossible considering the current history of bitcoin. Just imagine when the price of bitcoin was still at the price of $ 5 and currently it was able to reach $ 40k, that was a very biased thing. Bitcoin is well developed and it is increasingly in demand. Indeed, there is a lot of speculation on the price of Bitcoin, but some of the speculations expressed are like the speculation of Jp. Morgan who says Bitcoin is capable of reaching $ 146k USD is possible.
crypto is a digital currency capable of boasting the impossible.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: maxig.boroday on January 22, 2021, 03:45:58 PM
This is just the starting point of fueling bitcoin for riding to the moon, with many companies interested in Bitcoin even Paypal and many celebrities investing in bitcoin it has gained a lot of recognition with their involvement.

True! Many companies are riding in with the cryptocurrency market and we are talking about the big companies not just small ones.. This will give bitcoin a huge pump for the future!


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: Eureka_07 on January 22, 2021, 03:55:40 PM
Actually, IMO, I think new ATH is coming for bitcoin. It's been really holding great above $30,000 recently. Bitcoin's price history, as I understand it, tells that the current price range of bitcoin will go higher soon. Maybe $43,000?
Just my opinion.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: Wenbing on January 22, 2021, 04:20:04 PM
Back in 2018, every well known financial institutions were giving negative feedbacks about bitcoin as a longterm assets. Now, everything is changed as those institutions are accepting bitcoin, even making a price prediction a price of six digits . Just look into two of these news.

How it was started: https://www.bloomberg.com/news/articles/2018-07-16/blackrock-s-fink-says-clients-have-zero-interest-in-crypto

Now, it's condition: https://www.coindesk.com/blackrock-give-two-funds-go-ahead-to-invest-in-bitcoin-futures

But it isn't main thing. I wonder for all of those who are already more bearish as they expecting more correction into bitcoin's price. Even lastly bitcoin dumped and everyone be like, lets fall back to 25k or 20k zone. On the other hand, just look into microstrategy who already buy 314 bitcoins worth of $10.0 million at an average price of $31,808. So, correction is needed and i'm wondering that it's just the starting of fueling bitcoin to hit those price of six digits in reality for the long run or reversal is going to happen! let me know, what do you thing?


source: https://twitter.com/michael_saylor/status/1352614708797464582




Earlier this week, i was interacting with a friend over the bearish run and the current correction caused by two factors which are one, the rumor of double spend flaw and two, the Bidden ascension to power. I was predicting that the only thing that could cause a bull run soon, is that institutional investors start buying btc, else bull run will happen in the next halving.

Seeing Microstrategy investment might means that btc price will start increasing soon, as investors follow the trend.






Actually, IMO, I think new ATH is coming for bitcoin. It's been really holding great above $30,000 recently. Bitcoin's price history, as I understand it, tells that the current price range of bitcoin will go higher soon. Maybe $43,000?
Just my opinion.

If the last ATH was around $42,000, it showed that the next bull run will be higher than that, i think it would probably be $50,000 plus.
i see Microstrategy founder will be one of the investors that will maximize the return, and i think the strategy of Microstrategy is to hold for the long run and not to cash out in the short run.

[moderator's note: consecutive posts merged]


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: Sterbens on January 22, 2021, 04:30:45 PM
It's time for bitcoin to take a break, the market has been panicking small traders for a long time when bitcoin has risen since December, and it made them lose hope. Investors, whales and miners do they have the initiative to make small traders own more bitcoin? sadly i didn't see that.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: SaShiRaJaVu on January 22, 2021, 04:38:00 PM
Back in 2018, every well known financial institutions were giving negative feedbacks about bitcoin as a longterm assets. Now, everything is changed as those institutions are accepting bitcoin, even making a price prediction a price of six digits .
The only difference i see is that in the past these financial institutions used to invest without any media coverage of them investing in the cryptocurrency market while the top brass come out and bash the entire market while they are investing in the background and now most of them are coming forward and bragging about their investment  :D.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: AniviaBtc on January 22, 2021, 04:45:03 PM
This is just the starting point of fueling bitcoin for riding to the moon, with many companies interested in Bitcoin even Paypal and many celebrities investing in bitcoin it has gained a lot of recognition with their involvement.

Even Pornhub already adopted bitcoin and no one is expecting for that kind of platform to engage on it.

Bitcoin's dream to ride to the moon is really feasible and people are getting excited to it as we all see those positive news towards it last year 2020.

Big companies are now introduced in the existence of cryptocurrency which they know that it can be used as a payment tool for big transactions. There's a lot of things that can happen in bitcoin industry that's why we are ready and excited on what will happen next in its journey.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: Latviand on January 22, 2021, 05:31:31 PM
Actually, IMO, I think new ATH is coming for bitcoin. It's been really holding great above $30,000 recently. Bitcoin's price history, as I understand it, tells that the current price range of bitcoin will go higher soon. Maybe $43,000?
Just my opinion.

Maybe $45,000 will do. I'm really waiting for bitcoin to reach $45k or $50k before I sell and buy in the low.

No one's expecting for bitcoin's price to reach that price this month which really occurs but maybe sooner or later, that milestone happens.

Right now, bitcoin's price is only staying at $27k to $33k which can really be sketchy and hard to predict but holding your bitcoin with accountability will be worth it soon because I know that bitcoin can really soon ride to the moon.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: FIFA worldcup on January 22, 2021, 06:05:32 PM
Michael Saylor has been buying all the dips but i think bitcoin is now in sort of a correction phase. Everything cannot go parabolic up and needs a rebound and same is happening with bitcoin now. I hope this bearish trend will end in a few days time as bitcoin is very strong fundamentally.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: dothebeats on January 22, 2021, 07:04:36 PM
There'll be a lot of corrections and dips along the way, and Michael Saylor is just doing a common strategy that I believe most traders apply up to this day: dollar-cost averaging. They have been buying non-stop along the way, and understanding that the market cannot be timed whatsoever, they just bought heaps of bitcoin that they are comfortable with on amounts that they have decided would be the best to invest. There are a lot more stops and checkpoints before we 'moon' again, and one of the most vital part of that would be big companies getting in on the scene (like BlackRock) that is constantly being urged by companies such as Square Inc. and MicroStrategy to get their feet wet.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: Tstar on January 22, 2021, 07:11:20 PM
This is just the starting point of fueling bitcoin for riding to the moon, with many companies interested in Bitcoin even Paypal and many celebrities investing in bitcoin it has gained a lot of recognition with their involvement.

Even Pornhub already adopted bitcoin and no one is expecting for that kind of platform to engage on it.

Bitcoin's dream to ride to the moon is really feasible and people are getting excited to it as we all see those positive news towards it last year 2020.

Big companies are now introduced in the existence of cryptocurrency which they know that it can be used as a payment tool for big transactions. There's a lot of things that can happen in bitcoin industry that's why we are ready and excited on what will happen next in its journey.

Pornhub was kind of forced to adopt Visa/MC alternatives after they halted Pornhub's payments.

But I expect that more and more companies will willingly accept crypto in the foreseen future.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: yenivera on January 22, 2021, 07:17:22 PM
Actually, IMO, I think new ATH is coming for bitcoin. It's been really holding great above $30,000 recently. Bitcoin's price history, as I understand it, tells that the current price range of bitcoin will go higher soon. Maybe $43,000?
Just my opinion.

If the last ATH was around $42,000, it showed that the next bull run will be higher than that, i think it would probably be $50,000 plus.
i see Microstrategy founder will be one of the investors that will maximize the return, and i think the strategy of Microstrategy is to hold for the long run and not to cash out in the short run.

Of course wil be new ATHs. Probably it would be 50k or more. But the real problem is time? When? One or two month? or two year later. Maybe more time.





Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: ChrisPop on January 22, 2021, 07:20:16 PM
Indicators that the institutions are getting hard into Bitcoin are everywhere. You just need to look and follow their footsteps. There is also FUD on the media as always and that acts as a scarecrow for retail investors. Professionals know that the higher timeframes are still rock-solid. You can imagine that all these funds and companies have taken into account the volatility of crypto markets and they expect violent moves. Logically, the plan would be for them to DCA into these dips/into engineered liquidity if you'd like. See MicroStrategy example. Probably more will follow soon. Watch the news ;)


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: imstillthebest on January 22, 2021, 07:43:51 PM
maybe those institutions have an amnesia . did they already forgot the negative compliment that they slap at btc back at the year 2018 ? they gave positive compliment like there was nothing wrong but they should apologize  .

and on what time did grey scale bought btc ? btc were lifting off already if the buying happened for not so long  .
 
 300 plus bitcoins is alot of added fuel to btc and that will be enough for it to land not ony in the moon but in venus


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: doctor877 on January 22, 2021, 07:48:17 PM
The whales know the point at which big investors will like to come in which is when they usually buy in especially after some major corrections. For now everyone is still bullish on Bitcoin and people are really waiting for high figure prizes as it's being predicted but it's only a good buy for big investors and not the little capital traders. Every dip is an opportunity to buy into Bitcoin because they always take profit at major tops. This huge buy will give a positive buy signal for more institutions to come in.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: angrynerd88 on January 22, 2021, 08:28:19 PM
Coming to at this current ATH zone, we had to see it dump for so numerous times. And this dump that we've seen is portion of it, The fall is the portion for which attract new investors to induce prepared into a better zone that we've never seen some time recently. Whereas the little traders and investors are putting themselves into freeze, while whales are speculating the market their own consent to get expected profit. They'll never get it that we're as of now distant from behind and there will be no same situation of most reduced like $3k and $5k.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: Savik on January 22, 2021, 08:36:42 PM
2017 was the story of retail FOMO and 2018 showed how quickly their hands weakened.

2020 is the story of institutional and corporate balance sheets buying into BTC, and I suspect they will be in this for a much longer haul and make sure their investment retains value. These entities are controlled by the top 1% who truly have power to pave the way for BTC to flourish.

Nerds
Libertarians
Illicit buyers/sellers
Retail Speculators
High Net Worth families
Hedge Funds
Corporations

Where do we go next? Sovereign Wealth? Central Banks? I do think these are both likely in the next few years, and six digit BTC prices will be the norm.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: GreatArkansas on January 22, 2021, 11:14:55 PM
2017 was the story of retail FOMO and 2018 showed how quickly their hands weakened.
(....)
This is one of the reasons also I am keeping telling that WE are still early for adoption of Bitcoin, wayback 2017 - 2018, especially when we reached $19,000 and dumped a huge percentage, a lot of people lost their hope on Bitcoin and some already sold their Bitcoin in lost.
Big players on the market are buying their Bitcoins from 2018 until now.
This bullrun is totally different than before. A lot of big players are coming to our Bitcoins!


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: Wulan_maniez on January 23, 2021, 04:43:52 AM
Yeah, before bitcoin has a new price to six digits, as we see today, bitcoin  will  lower its  price  many times  with  some  increase.
The last highest  price at the  time of this  correction was  $39k and the lowest price was $29k. I didn’t know it would get to $25k
or touch the low at $20k. But if you look at the current decline that only got to $29k, that’s  not  too  much  of a  panic sell at the
moment. Perhaps then bitcoin will continue its even more aggressive rise.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: Kittygalore on January 23, 2021, 04:49:11 AM
The whales know the point at which big investors will like to come in which is when they usually buy in especially after some major corrections. For now everyone is still bullish on Bitcoin and people are really waiting for high figure prizes as it's being predicted but it's only a good buy for big investors and not the little capital traders. Every dip is an opportunity to buy into Bitcoin because they always take profit at major tops. This huge buy will give a positive buy signal for more institutions to come in.
By the time more institutions come in, the prices will be so high that they won't be profiting from it that much, the early institutional investors will get the biggest worm when that happens, they will be selling their coins at a large profit gap. I find the fact the big investors will benefit here more than small capital investors agreeable because most small capital investors are not long time hodlers.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: carlisle1 on January 23, 2021, 05:26:04 AM
Facebook speculators wannabe  says its just the start and the possibility that BTC price will not dip back to 20k is higher because of the supply that cant keep up the demand.  When the big names says the price could rise up to $100,000 it could happen or they may just be hyping it because when it comes to crypto anything can happen.


So this means they fail? because Bitcoin set a lowest price this year dumping to 28,000 level when we are in the peak of the Bullrunning.

so what are we looking at now ? more dumping to below 20,000 or this is the Minimum value in which 25,000 and uP?

I'm in favor of both either stays growing or have a Dump so i can purchase more again.

Had been seeking for a chance to buy back as my extra funds is now on hold.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: dupee419 on January 23, 2021, 06:59:42 AM
That's quite hefty, 314 bitcoins is a lot and they did bought it a right price, I honestly think it's a good choice for buying, I am speculating that the dump has to happen, that was a huge run to be honest and it definitely has to refuel in order for an ever larger bull run. If the price dumps ever more then I'd say it's time to buy some bitcoins then and gain profit by holding it once the next run starts.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: michellee on January 23, 2021, 07:02:56 AM
Yeah, before bitcoin has a new price to six digits, as we see today, bitcoin  will  lower its  price  many times  with  some  increase.
The last highest  price at the  time of this  correction was  $39k and the lowest price was $29k. I didn’t know it would get to $25k
or touch the low at $20k. But if you look at the current decline that only got to $29k, that’s  not  too  much  of a  panic sell at the
moment. Perhaps then bitcoin will continue its even more aggressive rise.
It could happen, but I am not expecting to see that lower price. If it will happen in the near months, we should prepare for the coming, and prepare the money to buy at that price. We will never know when to go down or up, but we can prepare and be ready to use the time for our benefit. After the price touches the lowest price before, the price will go up again, and I think it is already happening, so in the next week, we can expect to see the price will increase more.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: ultrloa on January 23, 2021, 08:27:27 AM
Yeah, before bitcoin has a new price to six digits, as we see today, bitcoin  will  lower its  price  many times  with  some  increase.
The last highest  price at the  time of this  correction was  $39k and the lowest price was $29k. I didn’t know it would get to $25k
or touch the low at $20k. But if you look at the current decline that only got to $29k, that’s  not  too  much  of a  panic sell at the
moment. Perhaps then bitcoin will continue its even more aggressive rise.
It could happen, but I am not expecting to see that lower price. If it will happen in the near months, we should prepare for the coming, and prepare the money to buy at that price. We will never know when to go down or up, but we can prepare and be ready to use the time for our benefit. After the price touches the lowest price before, the price will go up again, and I think it is already happening, so in the next week, we can expect to see the price will increase more.

That will be the worst case scenario if $25k price will be reached since It could provably trigger a massive panic selling, there are to many traders are now getting afraid for market upset happening recently so provably it could create fear once we see a glimpsed of $29k price level. But for now as the price became quite stable at $32k maybe we can see a upcoming huge pump that can possibly reached to $40k again but we still need to be more vigilant as the market moves in half of bullish and bearish these days.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: exstasie on January 23, 2021, 08:49:40 AM
Maybe $45,000 will do. I'm really waiting for bitcoin to reach $45k or $50k before I sell and buy in the low.

After this magnitude of correction (31.5% or more) and this amount of time, I wouldn't sell at $45-50K. Too low. Once the $42K high is breached, the market is likely to go significantly higher than that:

Anywhere from $60-80K seems reasonable. The best model we have for this stage in the bubble is the June-July 2017 correction off $3K. After that correction completed, the market extended ~58.6% above the previous ATH.

If we extrapolate and apply to the current chart, that would put the next top around $66.6K.

Things obviously won't play out exactly the same, but I think that provides some reasonable expectations.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: PerfectCircle on January 23, 2021, 08:56:27 AM
The highest that Bitcoin can go this bull season is 50k, just my guess though, I'm expecting to sell my btc from anything around 40+ and wait for massive dip, I hope people won't be too greedy and hesitant this time around like 2017, bitcoin won't keep surging forever and microstrategy won't keep buying dips too


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: aoluain on January 23, 2021, 09:58:39 AM
The whales know the point at which big investors will like to come in which is when they usually buy in especially after some major corrections. For now everyone is still bullish on Bitcoin and people are really waiting for high figure prizes as it's being predicted but it's only a good buy for big investors and not the little capital traders. Every dip is an opportunity to buy into Bitcoin because they always take profit at major tops. This huge buy will give a positive buy signal for more institutions to come in.

Institutional investors are getting into Bitcoin now and have been for a few months now
and will continue the trend at whatever value Bitcoin is at because when Bitcoin reaches a
$300k or $500k value nobody will be complaining that they bought at $55k rather than $35k

Institutional investors are not going to be selling next year or the next 5 years, what is the
alternative to Bitcoin for storing their wealth.

I was happy with the recent dip, I was able to buy with the last $30 I had on an exchange.

I will be buying more when FIAT is available for me - always


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: michellee on January 23, 2021, 01:18:33 PM
That will be the worst case scenario if $25k price will be reached since It could provably trigger a massive panic selling, there are to many traders are now getting afraid for market upset happening recently so provably it could create fear once we see a glimpsed of $29k price level. But for now as the price became quite stable at $32k maybe we can see a upcoming huge pump that can possibly reached to $40k again but we still need to be more vigilant as the market moves in half of bullish and bearish these days.
Yes, it is. We do not expect that will happen in the next months, but we hope that the price will start another rally to the high price. But if we can analyze the market before we do something, we will see a sign where the price will go, and we can adjust to what we will do. Yes, the price now became stable for a while, which brings hope to us that the price can increase in the next week. But we need to be careful because the downtrend can back anytime, and we need to be ready.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: palle11 on January 23, 2021, 01:22:46 PM
The highest that Bitcoin can go this bull season is 50k, just my guess though, I'm expecting to sell my btc from anything around 40+ and wait for massive dip, I hope people won't be too greedy and hesitant this time around like 2017, bitcoin won't keep surging forever and microstrategy won't keep buying dips too

You can get a shock that bitcoin won't fall as it did in correction back in 2018. You can see this things have changed. Certain factors have come in especially halving that happened in last year, so it may take another angle that price will just drop a little around above $30,000 and bounce up to $50,000 for this year.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: slaman29 on January 23, 2021, 03:03:00 PM
Where do we go next? Sovereign Wealth? Central Banks? I do think these are both likely in the next few years, and six digit BTC prices will be the norm.


I think on retail it is still nerds and middle class people, but to be fair, even when it comes to sovereign wealth, it will have to come from countries who have a high percentage of nerds in their middles and upper class. I cannot see a developing nation's sovereign wealth fund take the same enlightened decision as Nordic funds for example!


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: hatshepsut93 on January 23, 2021, 04:08:13 PM
The recent chart looks a lot like a bubble that has popped - we had a failed retry of $40k, some sideways action, dip below $30k and now there's a very weak attempt to go up again. This is all similar to what happened after the $20,000 was reached in 2017.

On the other hand, it all could also just be a correction on the road to $150k or whatever 6-figure price would be reached. Such corrections also happened in the past bull markets and people though that it was time to dump.

Both buying and selling is very risky at the moment, so whomever makes the right move will make a lot of profit, because a big up or down movement is definitely coming, it's very unlikely that $30k will be stable.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: error08 on January 23, 2021, 09:16:43 PM
Institutional investors doing it for an obvious reason, $31k is a discount for such a precious coin in the future beside the dip is the right time to buy bitcoin.
The demand for bitcoin keeps increasing which makes it persist to drop, although the bull runs still in the early phase to reach 6 digits.
While Microstrategy, grayscale and other institutional investors always announce their purchases of bitcoin to the public, there are many other investors out there who do not publish their purchases but still have a positive impact on the market, hence the price reversal occurs in a short time.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: Wysi on January 23, 2021, 10:02:26 PM
This is really getting interested day by day and at the same time there is a fear which looms around my mind that what might be the long term strategy of institutions purchasing huge amount of Bitcoin's? Should we consider this as normal adaptability or else a long sighted plan to dominate the market and patronize it in the future once they gain enough share to run the show? It's basically like ROI or technology and we have already chose ROI over technology.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: Ridwan Fauzi on January 23, 2021, 10:54:55 PM
That is true, bitcoin need a correction to be considered that the movement price is healthy.  There will be many investor who will be afraid when bitcoin price hadn't met a correction, like a few days ago. The bitcoin volume just slowly decreased not as attractive as before, this thing has pointed out that many investor want bitcoin price fall to meet a correction. And now is happening, trying to fall and has reached below $30.000, I guess the correction will be more than that. Take a lool with the weekly candle chart, the candle seem like will form as shooting start candle with indicate the bearish sign is coming.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: el kaka22 on January 24, 2021, 08:51:05 AM
Institutional investors are getting into Bitcoin now and have been for a few months now
and will continue the trend at whatever value Bitcoin is at because when Bitcoin reaches a
$300k or $500k value nobody will be complaining that they bought at $55k rather than $35k

Institutional investors are not going to be selling next year or the next 5 years, what is the
alternative to Bitcoin for storing their wealth.

I was happy with the recent dip, I was able to buy with the last $30 I had on an exchange.

I will be buying more when FIAT is available for me - always
Warren Buffet has been keeping his coca cola and Gillette stocks for probably 600 years now, those are the type of people these are. When a huge company like JP Morgan or whatever buys stocks? They end up keeping it for years, why leave that much cash and profits aside? At the end of the day we are talking about these type of corporations here and they are going to definitely leave crypto in their vaults and just keep it there, it would be a horrific thing if they get hacked, that would be very very scary, but aside from that we are talking about nothing that can change the situation we have in our hands.

It is something that is valuable to remove crypto from the market, if you do remove that much bitcoin from the market (and they keep doing it) eventually there will be less and less and that would make bitcoin more scarce and valuable.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: exstasie on January 24, 2021, 10:25:36 AM
The recent chart looks a lot like a bubble that has popped - we had a failed retry of $40k, some sideways action, dip below $30k and now there's a very weak attempt to go up again. This is all similar to what happened after the $20,000 was reached in 2017.

You can only recognize a bubble pop like that in hindsight, after a 50%+ crash has occurred. The absolute dollar drop may look harsh but this correction didn't even crack 32%, and while the short term price action looks stagnant I'm seeing signs of an accumulation bottom. New lows are still possible but I'd put the chances at maybe 20%, especially given how bullish ETH looks. (https://bitcointalk.org/index.php?topic=5196072.msg56174941#msg56174941) If we see sub-$30K again, it's almost certainly the last time before the market starts bubbling up to new highs.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: nelson4lov on January 24, 2021, 11:16:09 AM
Aren't these cooperations and institutional investors buying Bitcoin now or maybe when it was lower to sell at a higher price? Well, if the endgame is to make money for themselves and the VC/Clients funds they represent, then it's safe to assume they will probably sell when the price goes higher. A friendly reminder that these are big players with well thought out investment strategies who know what they are doing. No need to get over excited whenever such announcements are made.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: MishaSER on January 24, 2021, 01:33:55 PM
It is very strange for me that such giants buy bitcoin only when it has grown by almost 10 times. What strategies can one speak of if they act like hamsters.


Title: Re: Is it just the starting of fueling Bitcoin for riding to moon?
Post by: LUCKMCFLY on January 24, 2021, 02:49:22 PM
Respecting all criteria, I think that this still does not show the bullish trend, because I believe that the price has risen due to investment by institutions, since it has been sustained and well argued through news making it known that companies such as Paypal bought a amount of newly mined bitcoins, this means a lot worldwide, however, as I see the market, the bullish trend has not yet arrived and we must prepare for it.