Bitcoin Forum

Happy days :)

Yup, congrats to all!  ;D Now 100k seems reachable.

crazy, this is crazy. $ 50k bitcoins and etherum have also risen to nearly $ 2000 and possibly soon. if there are tokens that pay with just 2 etherums, you already have this much money.

Indeed! If the momentum keeps up beyond $50k, we are really on a huge road to $100k this year. This is highly possible, especially the continued interests of the financial institutions around the world.

Congratulations to all of the BTC holders out there!                                           

We need to reach the 60k, 70k, 80k and 90k territory first before we dream of the 100k, bitcoin will take a step by step before we can reach that dream. But I do agree with you, it is not yet the 1st quarter of the year and we are on 50k mark but we have to expect some bad news as the next months roll in but I hope that they are not of great significance that it will affect bitcoin big time.

$50k is a huge psychological threshold. If we can clear $50k and hold above it — holding obviously being more important than just breaking through — then you wouldn't imagine that there would be any significant resistance until the $100k mark.

The obvious concern as always being that a very rapid rise is often followed by an even more rapid pullback. Slow, steady increases interspersed with periods of consolidation and the establishing of support are much more preferable from a long-term perspective.

At first I thought that the OP was trolling.. so I went to Coinmarketcap to check the prices myself. According to Coinmarketcap, today's high is reported at $50,341.10. Now I am not sure whether the 50K level was breached in all the exchanges or not, but this is nothing short of historic. We have waited for so long for this moment. Getting to 50K took more than 3 years after we hit $20,000. A lot of heartache and frustration was there in between.. but it is time to forget all that and celebrate!!! We have made history!!!

And back to 48.8K. The coin didn't smash 50K, it poked his head out of 50K.  :) I guess it's the volume. The bigger the price, the more money needed to push.

Seems to be holding steady in the low $49k range. Lets see where the day takes it.
I have a feeling it's going to slide a bit as people take their profit and others slowly buy back in.
Then it's going to be a bit of a long slow climb for a while.

No facts to back any of that up, just my gut.

-Dave

yeh.  I saw that magic.  $ 50k5.  New history has been formed and hopefully it continues to expand for this trend.  the healthy breath dispelled the bears. This natural thing will come to mind comfort.  The next ATH achieved will be $ 55k :))

I just exchanged all bitcoin to ETH :'(

This is valentin's Day 😁 waiting for surpasse 100k $

Why?
You should've kept your bitcoin and just buy Ethereum with your pocket money. I've been doing this before but I've realized that it's not worth it although Eth is also pumping.
But as you see, Bitcoin is more worth keeping than spending just for another coin.

the market doesn't seem to be ready for the $50k prices and higher, there are still a lot of newbies panic sellers who are selling out of fear as soon there is the slightest rise in the price and of course the manipulators who have been losing a lot of money in shorting the rising bitcoin!

the good news is that they are all running out of money so even though we are still seeing $49k in a couple of days these newbies will be smashed.

https://i.imgur.com/uP6k8Mj.jpg

Now there will be fewer and fewer people willing to sell, except for those who bought Bitcoin when it was significantly cheaper.

The Average Spent Output Lifespan (ASOL) indicator, which measures the average age in days of all transactions spent, shows that holders of older coins appear to have taken advantage of the market for sales.

I take the fact that it's hovering in the 49s rather than bouncing sharply down from 50 as evidence of general bullishness in the market. As you say though, there will certainly be profit-taking near the round number of 50k.

There's a joke in here somewhere about holders getting excited about price rises, and traders liquidating their shorts.*


*If that doesn't deserve a merit to get me to 800, then humour is dead.

After reaching this price, I don't think it would ever be lower than $30k anymore. It wouldn't go down any lower as well. I believe that most people have understood the essence of BTC and are prepared to have an agreement at price in this range currently. Do you think it would carry this thing throughout the years? I believe so. As long as we believe in it and keep HODLing, then we could get what we want.

Possibly cashing out to buy Lamborghinis. Lol

I think we all know that, and even if the price very quickly was rejected from that level by the bears the fact that we had touched that level and we still remain so close only means one thing, it is only a matter of time before we leave behind that level for good, 50k was a key level because it means that for the first time bitcoin only needs to grow two times in order to reach six figures, without a doubt this is a historic moment but at the same time with the year being so young I really think there is a possibility that we see six figures this year.

I made this prediction some days back. Very excited, Before mid year, we should be above the 80k mark. With bitcoin gaining mainstream adoption and acceptance, growth and rise in value is inevitable. Congratulations Bitcoiners.☺️

What an outstanding run for bitcoin in the market!!!

This is really what we need and this will serve as a proof that bitcoin can reach any price depending on those factors that can affect it.

Bitcoin never failed us and those who predict that bitcoin will reach $50,000, this is it, it really happened when we are not expecting it too much. This events really can made another history or milestone, bitcoin reached that kind of price. I'm hoping that most of us will take precautions in this sudden spike in the price because this thing can be playful or bubbly.

I think it is too early to celebrate since the Bitcoin price goes back to the $48k area.  We must see the price of Bitcoin stabilize in the $50kish area before celebrating and aiming for further increase in price.  It just pokes the $50k barrier and never settles on it yet.  But nevertheless, Bitcoin has recorded its new ATH @ $50380 on 2021-02-16 (https://cryptorank.io/ath) I hope we can see more  ATH breaking trend this whole year.

WHOO! Everyone who said Bitcoin couldn't make it, look it now :D :D Congratulations, my dudes!  ;)

Bitcoin will never fail us, so lucky are those who have their trust and faith in it and just holding continuously. Brave holders get rewarded accordingly but I'm sure that Bitcoin isn't done yet. It could still reach higher in the future so let's all hope for the best. It's really a year for crypto holders.

I wouldn't say smashed as it's just touched it and gone back down but it's pretty clear that we are on a path to $100k. We may have one or two more attempts but once we clearly cross that barrier I think it's going to get to $60k easily as there are usually a lot of sell orders near round numbers like $50k.

Wonderful! I thought it could take several months to hit $50k but I was wrong. Bitcoin is unstoppable and unbeatable, no fud can ever kill it. It seems that its path is clear and no signs that might hinder its growth, quiet an exciting new year.

This is no longer a news to some investors, who new it through their research some years ago, that the price of bitcoin will reach $60k in 2021. many customers are still waiting for the price of bitcoin to increase to $50k before they can release their coins for sale, which is about to happen in the market.
The signs many traders have been waiting to see for them to believe that bitcoin price will reach $50k has been fulfilled right now, which is seriously causing a big celebration to all customers who still have more to sell in the market.

Really a great news for bitcoin lover. I personally predicted that bitcoin should hit $50k within 1-2 days and finally bitcoin hits $50k. Hopefully the price of Bitcoin will be growing continuously.

It was great and soo hard journey of Bitcoin to reach this leval,and  Im saying that Bitcoin will not stop on that position.because regarding Bitcoin there are many good news are running and many countries,and big and popular companies are thinking about bitcoin.as I told I think 1 month before that Bitcoin will hit 50k very soon and result is front of you.so Bitcoin is future  currency of world.and may be very soon Bitcoin will hit 70k so enjoy with Bitcoin .

Yes but also with 50 k  we have seen correction. now it's starting to go up again. Is that it or can we expect to see it dip again in the next 24hrs or so before it continues on the rise. Im ready to buy just confused as to if now is time or if I should be waiting longer. 

We are seeing Bitcoin as well as Ethereum doing real good and fastly growing and improving over a short period of time which gives more hype to the people inside and outside the crypto market urging to get along with the thread and purchasing as much as they can for many seems like waiting for this to come and now looking forward for Bitcoin to reach new highs raising its price to $100,000. Yes it can be possible to make happen but I guess that will still take time to be achieve. What we are up to right now is to embrace the new achievement Bitcoin attained reaching $50,000 which is a great indication of its growth that we all hope to just continue to make happen.

Bitcoin really is the future congratulation to those who invested in bitcoin and also im happy to my self that my patience still works because im still hodling and still gonna do that though this is relly good bitcoin never stop its bull run and now we are looking into the future with bitcoin and ni one can stop it.

Don't get excited though, yes we have broken that $50k barrier, but there's a lot of work to do before we can see the price getting stronger or sustainable at least. Although after touching it, the price goes on a dump of $1k, not surprising as investors are going to sell at this price.

Nevertheless, hitting $50k early this year is a sign that the market will grow even stronger, not just bitcoin but the whole crypto ecosystem as we might see 2 trillion market cap soon.

Great news! We picked the right time to launch the cryptosystem!

Yes, it is a happy moment for us.
Bitcoin can reach $51k this month, and I guess that will not just stop this price, but it will increase and the next target price will be $60k.
We can enjoy this moment by selling the bitcoin we have and make a profit from bitcoin. But we need to be ready because this moment will not stay with us for a long time, and we need to prepare for the other correction.
I wonder what will happen in Q2 if these situations continue because the price can break by $55k as soon as possible if the market can be like this.
Congratulations to you all.

Happy days indeed for most people who just bought bitcoin, and hopefully for those who bought the other cryptocurrencies. So far, Bitcoin and Ethereum are doing great for the first few months of the year.

those who bought altcoins these days are having the worst time of their lives because altcoins are dumping hard. that is the known trend from early days. this is also why almost everyone dumps their altcoins at times like this (the altcoin volume shoots up every time bitcoin rises).
ethereum is probably the smallest dump so far. last week it was 0.04 and now it is 0.035 with a 12.5% dump as bitcoin rises.

That might have been true when you wrote your post, but as of right now, bitcoin is at $51k.  Unbelievable!

It's nice that bitcoin is blowing up and all, but I suspect that there's going to be a correction coming soon--unless there continues to be more institutional buying, in which case all bets are off.  I'm fairly certain that the reason bitcoin is where it is is because of companies like MSTR and the rest that are buying huge amounts of it.  Eventually that enormous demand will taper off and traders will take profits, too, but I'm just hoping we don't see a major crash.

I'm keeping my fingers and toes crossed. 

Institutional buying is ongoing right now, and we don't know the details. Even in the case of Tesla, they revealed about the purchase only one month later. The announcement was made in February, although most of the buying was done in January. Perhaps that is the reason why we are not having a correction right now. I expect a lot of individual investors to book their profits at these levels. But the coins that are becoming available at the market are rapidly being mopped up by the institutions.

Once upon a time hit the $50k milestone was a dream for bitcoin that is done by now.I'm happy to see such incredible growth of bitcoin but i have hesitation about bitcoin transactions fee which is increasing day by day. Large transaction fee mightn't matter for big traders but that makes trouble the normal user like us.i am really upset about bitcoin but any away, congratulations to all bitcoin lovers

The only matter with fee that it becomes expensive is because it's converted to USD. We look at that portion but even before, I guess I've paid the same amount of fees in bitcoin without looking at the value of it on USD.

More institutional investment were taking place in the hidden manner. Atleast little news got revealed from the big players and the same served as the ignition point for the large scale growth of the market without much interruptions. Everything grows with good stability, which means there is no big correction and no hard fluctuation downward. The demand is high and the market is kept highly active by the large scale investors. Right now common man enjoy the profit just by hodling.

happy day too! and hopefully this lasts long, because bitcoin is really still very bullish, I believe that,
but the big correction hasn't happened yet and the indicator is still overbought, of course it will be more dangerous to enter,
If bitcoin price can hold at least $ 70k then $ 50k will be a strong support.

There is no doubt the OP exaggerated a little bit when he made this thread but I think that right now we can actually talk about bitcoin smashing that level, bitcoin has reached 56k and it seems that it has still some room to grow, obviously we are all happy about what it is happening but at the same time I cannot help but wonder how long governments are going to tolerate this, the higher the price goes the more news we will see around the world about bitcoin and the more interest we will get from the average person that will want to invest here instead of the stock market.

Right now, it is sitting at $55K.

Just after smashing the $50K price mark, it went further and I think this is just the sign that $50K is not the price mark that would stop its bull run. The next goal is $100K but I don't think it will be that further. I am guessing that the price will stop at $80K this year. Still, there is a chance that it will actually reach $100K this year.

This bull is just sleeping for the past year and now running amok breaking any resistance it gets in the way.

It sounds funny if I would have remembered the past of 2017, that made me frustrated because I spent all of the btc I had. Happy days! Yeah of course, that's only for people who been patient for such a long time but not for me nor others. Because, that's a worst nightmare if I'm going to think day by day. Maybe I should avoid reading their happy feelings, rather wait for another price dips coming.

Yep, not just the bull bro, it's the whole herd that are running amok right now, Lol. And $50k was slice like a butter as they say. I just laugh off though we thinks that the bubble will end at $50k, but look at teh price, smashing the next mental barrier of $55k as well. We should get ourselves familiarize with bitcoin surpassing new highs and we should wait for $100k to happen before we celebrate again.

Yes and that takes the demand to go higher.
I wouldn't dare sell too.
This is a bull run and it may continue to do so while we see institutional investors using their purchasing power.
The power of Twitter is really something else.
Hypes left and right and then the Elon Musk news was being followed by rich people.

and also Smashed 55k https://coinmarketcap.com/currencies/bitcoin/ so now we are seeking for the 60,000 Breaking and then will decide if what comes next.

I don't think that we will be getting any high than 70k this soon ,but until the end of 2021 there is no impossible because the correction seems to be pending to happen as what the others are waiting (including me)
though some Altcoin is also going with the flow meaning the market is really in growth and not just Bitcoin or the altcoin season others are looking.

Why do you keep waiting for a correction? First of all you are probably waiting for a crash, because crash is the long term thing, correction already happened just a month ago, when the price hit 41k for the first time, the price dropped as much as 28k or 29k levels, and then we are at above 55k right now after that, which shows you that there is really nothing to worry about in a correction, it could drop a lot, it could literally go under 40k right now, be 38k or so (first decent support line I can see) and it could still go above 100k after that.

I am not saying that will be the thing that happens, all I am saying is that it has a huge potential to happen and that is why I think it is quite important that we take this into consideration as well. If you go around and only talk about the crash potential which I agree the price could fall a lot, then you are leaving the fact that a correction could lead to a higher price reality as well.

With Bitcoin reaching a price of $ 57k this is indeed very pleasing to all bitcoin holders, hopefully the Bitcoin price will continue to rise. Even though
the price of $ 57k is actually too high, so be careful if you want to buy Bitcoin. Since the price of Bitcoin can fall suddenly, it is better to delay buying
Bitcoin at its current price. Waiting for Bitcoin to correct to a price below $ 50k if you really want to buy Bitcoin.

With the same momentum the market moved in 2021 January the beginning could help achieve more progress if the same bitcoin movement will still continues, but i don't think so. The point we are getting into might just be another point of correction in price which is good for the bitcoin price before another move. really this week was a happy week and we hope to see more happy days to come through Bitcoin prices, Amin.

Right now we are seeing a very heavy correction, the bulls put some resistance and they were able to reduce the losses but right now the bears are launching another attack and currently we are below the 50k price, most likely this mean that we will begin to see some threads with people panicking about the movement and wondering if this is the end of the bull run, but even if it was the fact that bitcoin has grown so much should be something to be glad as most likely it will be just a matter of time until we reach six figures.

But the hard thing is that today at this very moment  Bitcoin fell more than 10k from that 57 or 58k ATH.
Good save because now it fell down and those who purchased from that range are surely getting worried or in panicking this time.
You are now on that point , because today the correction is on going , from 58,000$ down to 47,000$ and looks like there is another fall from that value.

To many people crying right now due to the current heavy dump happening today and it's seems that the dump continue since the support has been hit maybe we can see the price to go to $42k(Hopefully not) since if this one will show possibly many people will start to dump more since they will think that we can see some pump on next halving again. But let's hope for better movement today or tomorrow and bitcoin hit $50k again since it will bring the confidence back again.