Bitcoin Forum

How about that ?? $55,000  up about $15,000 in around one months time .
I notice a dip in several stocks , could be that the wiser investors are now trading in BTC ?

I sold several ounces of gold ,to buy in a week ago.  I'm a happy guy .

With all this growth and i begin to ask myself if its really healthy or not. Growth is good but are there more to it that we don't understand yet and to what extent can it go in rooting us out! I would really need to know more about the worst case scenarios that can arise from this boost if any.
But then, its really amazing watching bitcoin hit these highs especially when you've got some bitcoin stalked somewhere. Its just you watching and counting the profits about your investments in cryptos.

Good for you mate, and what's happening these days is a good trend. We see more trading of bitcoin became uptrend, and basically that's the effect on several stocks because more holders now are starting to divert as hype gone trending. Moreover, news is now creating different speculations so it's like a magnet of opportunities.

Everyone is happy to see bitcoin at $55k and going strong. I haven't check the stocks and it's correlation though. Gold is also in a dip right? We are in super fast rally starting last quarter of 2020 and continue up to this time so the future looks bring for bitcoin. Anyways, stocks or gold, or bitcoin?, still prepare crypto, yes, the risk is higher but if you have accumulated in the last 3 years, we are all happy guy seeing the price now.  :)

Quite annoying, especially if you are interested in buying Bitcoin. I was looking at the price in the morning and it was at approximately $51.000, didn't have much time though so I checked now, without having bought any. Well, don't know how much I've regretted not buying in the morning. This price rally is astonishing. Surpassed $55.000 like it was no ordinary achievement.

Everyone happy today to see bitcoin price increasing even more except for people who sold bitcoins as 30-40K and they were waiting for a price correction to buy more bitcoin and enter the market again. Due to many positive news we hear about bitcoin and crypto I think there is currently no chance for bitcoin to fall because after breaking 50-55K there are is more positive atmosphere between investors and none is interested in selling bitcoin right now.

Isn't the dip in stocks a good thing because you can buy lower and wait for it to go up again and sell it for a big profit. I think that it is both a good news that stocks dip and bitcoin is rising at unprecedented heights. With more good news and rumors that there are more investors going to chip in in this market, I think that this is just the start of something big that we may not be able to imagine it yet, 100k might just be the middle point of everything that is going to happen in the future.

$50,000 is a crucial support for bitcoin, they call it a psychological barrier. If the price goes below that then bitcoin could possibly reach $40k or even $30k range at worst. Bitcoin hass been rallying so fast since it break the 2017's ATH. And since Tesla announced their $1.5b worth of bitcoin purchase the price went really fast in just a month. If more companies like them adopt bitcoin we could see bitcoin's price $100k by the end of the year.

55.8K now, I can imagine a bunch of self-made millionaires now that managed to HODL from years ago.

On the other hand, my stocks have been down for a while now, but I ain't gonna sell them. ;D

Outdated, it's $57k now, that's how fast bitcoin price is right now, and it's just slicing and making all time highs like everyday now. Next target is $60k or even $70k before the end of this month. Truly amazing how this bull run is, super fast rally never seen before. So we are still in the target for $100k at the end of the year or even more.

That's big psychological barrier of $50k has been broken many times already so it's now a support and not resistance. And no $30k-$40k dip, instead we are heading to $60k. Maybe there are companies that are silently investing on bitcoin right after the Tesla and Elon Musk announcement that's why the price is going so fast that we are not seeing any stop except if there is a bad news or lots of FUD from the mainstream media.

But so far so good for all of us, and the whole crypto market including alts are breaking all time high as well.

I believe it will go to $60k next week. I can sense it coming! Despite that I am not a fan in predicting or speculating Bitcoin prices, it’s just in my own instincts since I am now starting to accumulate again despite the rise of BTC’s price. I even believe that it’s possible for BTC to reach $100k by the end of this year, or even earlier than that. $50k will be the new support level IMO.

Damn, the last time I checked it was still at 55.8K. This rocket sure has lots of fuel eh.

Those price goals that sounded like a long shot just over a year ago might realize very soon.

57,268 at the time of this posting...

The average price estimate...the average I'm reading from many sources is.... $100k in 2021

and 250k within 5 yrs.

with lots of crashes in along that route.

https://www.youtube.com/watch?v=9zpv-5w1djA&feature=youtu.be&ab_channel=TraderUniversity

I am thinking of investing after watching the market for 3-4 days because I do know that we might see some ups and downs in the future and I do want to invest for a long term but still have some security.
This is genuinely a very good news for the community and for all the investors , as we know that the institutional investors and the big companies are following Elon Musk.
Now you might think why I am waiting to invest:
I am actually going to look for any signs that these big investor and the whales are trying to you know Manipulate the market because at the end of the day it's a game for them.
I do think it will slowly rise to a big amount now !! I am extremely excited to see the growth and hope that in the future we can have much better governmental rules where they do not stop Bitcoins and other cryptocurrencies from prospering and they be freely allowed to use. If they want to use KYC it would be okay as long as there is no interference from the government.

It could be, as for investors, they're for the diversification and whichever they see is profitable for them, they'll come and go sacrificing the other investments just like the stocks if they think it's going to work for them.

Those are the high price predictions that we've been hearing this early of this year. I also look forward for the end of this year or even if it's not the end of the year but to the price that it can take as high as $100k. It's no longer doubtful prediction because of what we see.

The same had happened at the start of 2017, the only difference is that that time no one predicted $20k at the end of the year, more of the top price is $5k. But in this bull run, everyone is talking about $100k because of the big boost coming from companies and institutions. So just hold on to our precious BTC, going to be a long ride for us this year and we might see $100k.

Not only you those who invested earlier or have been here since the start are happy on what Bitcoin is achieving, people thinks that there will be a huge correction and dump, I'd like to think the other way around and I'd like to believe that this year Bitcoin will hit $100k so those experts who predict Bitcoin will hit over $100k are right.

Well, there might be a lot of investors that did the same as you did. With a lot of investors warming up to bitcoin and its price not stopping this amazing bull run, they wanted to get their hands on it. The fact that the price of some stocks is falling means that there are some that pull out their money into some assets and put it in bitcoin.

Some might be trading their asset for bitcoin.

60k by end of month is expected continuation of this trajectory.   I'm just seeing a pullback (https://talkimg.com/images/2023/06/12/Aj79H.png) now as we reassess some of the gains above the 12hr average, the price action is rapid so a pullback within that quite normal so far as I know.

We traded below 55k in that selloff but then adjusted back above and have gained above the weekly average roughly.   So far we are just above 50% of the peak and low of the day and near to 56k approaching the close of the daily bar and tomorrow we will see the weekly bar close which is usually a bit of an event.

That's possible and not only wise investors but institutions and companies as well, they will make this as their stock to back them up for profit, many stocks investors are now including Cryptocurrency, they should be because it's better to invest in Cryptocurrency than on stocks now, the profit is much better here.

We are in a bull run so I expected this already that huge price towards the upside will happen.

With Bitcoin going mainstream online, there are some who sold their stocks and choose to invest into Bitcoin since they saw that they can get more profit when they invest it into Bitcoin and crypto in general rather than in stocks.

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As for me who is holding Bitcoin for quite some time, I'm very happy with what I'm seeing right now but I know that all things will come to an end. There will be a time that this run will end but as of now there are no signs of it ending. Wait for it to break the $60,000 price again :D.

The very high increase made bitcoin holders feel happy. this is due to the increasing mass adoption of bitcoin. Even big companies like Tesla have bought a lot of bitcoins. so that many investors are affected to buy and invest into bitcoin

That was probably a smart move for the short-term at least, as I don't think gold is going anywhere--but hopefully you realize you bought into bitcoin at its ATH, which has caused a lot of people to lose money in the past (same with other asset classes as well).  The key is to buy low, sell high, right?

And as I write this, bitcoin is right around $58k and I find that astounding.  I also try not to curse myself for not holding onto the bitcoin I owned years ago...ugh.  I'm sure many people share that same frustration.

If bitcoin hits $100k this year, I think I'm going to soil my pants.  And this time I do think it's quite possible that it could, since all of this institutional money keeps pouring into the market.  It's gonna be a crazy year, this one is. 

Honestly I feel like those huge companies have so much money that, even if they put "there is excess amount of cash in accounts that we couldn't find what to do with" will be amazing for bitcoin. Last I checked there were hedge funds with 100+ billion dollars and those huge investment banks? Like JP Morgan and so forth? Those companies make nearly 5-10 billion dollars in profit, and I mean like literally that is their profit from others money, not even their own.

Think about how much they control if they got commissions at the 7 billion rate. Hence, it is obvious that if they get into bitcoin, they are going to make a huge change and that is going to increase the price of bitcoin like crazy. Microstrategy, grayscale, tesla these are "small time" investors compared to other giants of the wall street, if those small ones increased it so much, believe me when huge companies start to invest it is going to keep going up a lot.

from tweet @elonmusk as commissioner of the company Tesla informing that they have made a large purchase of bitcoin, this has triggered many companies to also buy in and obviously the big brokers did not miss it.

so it is only natural that the price of bitcoin in the market is raised high because of the scarcity of bitcoin. but this is certainly very encouraging news that the trust of many large companies in bitcoin is already high so that it will make bitcoin a very profitable investment.

$55k is already touch in less than a month, and I think it is time to reach the next ATH, which can happen anytime.
But I think before the bitcoin price goes to that price, we will see an up and down of the price many times, and if you are panic, you will not see a chance to make a profit.
Maybe the investors are now trading in bitcoin and moving their funds to crypto because they see the chance to profit from crypto than in stocks.
It is good if you can make a profit from gold, and I think you can do that over and over again.

Obviously we have seen the correction for this month already, usually happen at the end of the week. So another bump along the long. Of course, crypto is now the number one assets, more than stocks, but it is very much volatile though and I'm sure investors know that. But for those who really wanted to gamble, then WallStreets can do both stocks and crypto.

Yes, we hit $55k already, but the question is when we are going to have a new all time high? I would say next month we could be hitting more than $60k.

The price of $ 55k has been successfully crossed, as ATH Bitcoin is priced at $ 58k. But now the Bitcoin price is being corrected first, I hope
the $ 45k support price is very strong to hold Bitcoin. If it drops below $ 45k the Bitcoin price could fall even further, because many investors
were panicking.

Actually, as long as we use the capital that we can afford to lose, there is no need to panic about the current Bitcoin price correction. We just need
to be patient waiting for the Bitcoin price to rise again. I am optimistic that in a few days the Bitcoin price will return to a price of $ 58k. So my advice is
to HODL the Bitcoin that we have, don't sell the Bitcoin that we have right now.

In fact, using any cryptocurrency like bitcoin is very risky because as its price goes up by leaps and bounds it suddenly goes down a lot. Looking at the history of cryptocurrency over the last 11 years it can be seen that by the end of 2017 the price of this virtual currency tripled in just 35 days to about US 20,000, and then after 6 weeks it dropped by about 80 percent. But now the bitcoin hits 55,000 but has started to go down again but it is not going to go down very much and will go up again.

Well, for the rush of the price reaching another ATH, it's going to have a pretty big correction, and the range would be around $47k~$43k. I highlighted it in my recent post here (https://bitcointalk.org/index.php?topic=5320511.msg56451399#msg56451399) (it has a graph)  :o

You know people are such social creatures that once they noticed or learned that one of the world's wealthiest people has been investing in an asset, like crypto, many people would follow along just because he tweeted or expressed interest in it. It's nice to do, but it's better to research and invest what you can afford to lose.

I'm happy for you that you finally invested in crypto. I hope that you get to profit from it and continuously participate in the forum as well. Trading would be a profitable venture, but if you don't want to do it or not take the risk, it's still best to HODL

Good luck, my friend, but despite this, Bitcoin dropped to  45K$  today, which means that it fell  10K$ within ten days !!
I do not want to cause you sadness, but this is the case of the Bitcoin market, a permanent decline and rise, and the wise man is the one who will be able to take advantage of this situation, however, do not worry, the correction is coming and it is expected that Bitcoin will reach another new peak.

I agree with you. Bitcoin prices have more chances to hit more than $60k, and that can happen anytime.
This month will end with the bitcoin price correction because we already see bitcoin price below $50k. After all, the price is still at the current price this week.
We should not be surprised if the price does not increase more than $50k in the first week in the next month because the supports seem not too strong to lift the price.
But that is only a prediction because everything can happen to the market, and we do not know what will happen later.
I hope the investors do not gamble with their money because that will be too risky as the market is still unpredictable.

While observing the movement of bitcoin, I noticed that the price is having a good time in the pumping in which there are a lot of traders that are panicking to buy bitcoin and almost afraid to miss the long dip within the week. Happy for those traders and people who are having a good time right now and for those who are getting a good profit. Actually I've sell some of my things in order to buy and to didn't miss the hype and the pump of bitcoin so still I am a happy guy also, hoping to pump it again after some weeks or months.