Bitcoin Forum

I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

$50,000 could actually be small, compared to what the price of Bitcoin will prolly be at the end of this year (2021); tbh, I do not expect the sort of correction that'll feel like it's "bull run over", I expect Bitcoin to break the 50k mark sooner than later, it's up to 49k already, and 50k upwards should be expected in the coming few weeks.

Having said that, I'm pretty sure we all are curious to see how far this run can go, we've predicted/speculated that institutional Investment should make a difference, as we aren't expecting a sporadic and serious plunge. It's definitely going to be an amazing journey with Bitcoin from now till the end of the year, it's much better if your hodl.

I think it would be even more interesting if I randomly received 100BTC to my wallet. ;D

A prediction for you from 2020...
https://twitter.com/SmartContracter/status/1235643083791814656

But it is not the same as back then, institutional investors are still a scarcity back when it didn't reach 20k but now it is different, we are pushing the third month and the price is still going up meanwhile the sharp drop in 2017 started in January. The price will reach 50k, rumors of big institutions buying bitcoin grows louder so we can expect that the market will only go up.

Well, I think that is not gonna happen because first, Bitcoin is now a couple of steps from reaching the $50k mark to be exact it is $500 away. Secondly, today's market is far different from what we have way back then as today's growth is more firm and strong due to large institutions are now venturing and I don't think they will sell-off sooner thus expect that it will go up even more. While the market way back 2017 on the other hand. are more likely caused by FOMO. But correction is inevitable so we might experience some pullback after hitting $50k.

Maybe $50,000 is not the max years, maybe it's $100,000, no one knows but that opinion of yours is 10% of happening since bitcoin has already hit $49700 24 hours high in https://www.binance.com/en/trade/BTC_USDT. Don't try to sleep, we will see that $50k soon enough.

Interesting for whom? For all those who pray every day for a correction to finally happen and for the price to be at least $10 000 again? I really thought people had learned at least something from the previous bull run, but one large percentage of people on this forum still believe that 2021 should be the same as 2018. It would be good to finally wake up and accept reality.


I think your only chance for a big correction is for everyone to come together and launch a petition that you will then send to Elon Musk and all other big investors - if they dump everything they bought, your wish will come true.

I'm not giving up to think that Bitcoin will able to reach $50,000. It is just a few more steps or a little bit pushed we finally achieve that. Many investors are now in FOMO, might this give help. As many rich people are advertising Bitcoin on social, the more chance we get.

Just keep your faith mate, nothing is impossible in crypto.

I hope we won't but I think it is more surprising when we woke up and saw the market surpassing $50,000.

$50k will be a possible price for bitcoin to reach in the next rally, but $100k will not possibly happen this month as that price will be too high for bitcoin to increase temporarily.
But $100k will be possible to happen this year or next year as if more companies join and support bitcoin, that will be wide open for the price to rise so high.
If that can happen, we might see bitcoin not just touch $100k, but it could be more than $100k.
But I do not expect to see a bear trend will come so soon as the price still increases so that the price can get another rally this month.

I think we see it today.

We all know that all trading patterns that were invented were based on historical data, and if we are to consider these happenings to previous events with crypto, it's definitely a possibility. But right now, I do believe that with the richest man right now, Elon Musk, hyping cryptocurrencies *ehem Doge* it's not going to be easily a downfall from here.

If it comes to that, I don't think it would be easy coming back to the ATH.

You know, I'm hoping for BTC to crash down even a little bit so that I could buy more. Long Term HODL.

I understand it's a joke but I don't see the humor in it. Or if you are serious, I understand that you don't hold Bitcoin, or hold very little.

What do you call interesting?

I call interesting more and more companies are accepting bitcoin as a means of payment and buying it for their balance sheets.

I call interesting growing demand and dwindling supply because of halvings and because people are reluctant to sell at the thought of Bitcoin's future potential.

I call it interesting that more and more people are recognizing Bitcoin as the world's best store of value.

Etc.

I don't believe we're up for a hard correction like the one in 2018. Why is that? Because we're moving much slower this time. It took us maybe 20 days to go from 10k to 20k and correct back to 10k.
Now from the last ATH we're already 2 months in and counting. There hasn't been a single huge spike up, but instead we're going up by 5k, correcting and continuing up a week later. I believe we're going to need a strong FOMO rally to experience a 50% correction this time.

The  peak of the cycle will have a huge hourly candle just like it was during the previous bull runs. This is not what we are seeing now - the price has been stable around $47,000 for the third day already. If you remember the $20,000 ATH, it last for just a few hours or even less, and the price was actually around $16,000 during the days around ATH.

So, if the peak was reached soon, we'd see something like $56,000 that would hold only momentarily.

Market is always unpredictable so we never compare the past journey of Bitcoin, Because we see lot of issues was created in past travel. But finally we see the good return of crypto market.
1. $50k is depends on demand of investors.
2. Bull run is not over in current situation so we expect the good return.

It would be great if we see a correction right now but with major investments coming from big companies like Tesla you cannot predict how long the rally goes. I booked some of my profit and i am waiting for the market to go down but i am not sure how long the rally last and it is even possible we could breach the resistance at $50k then we might even go near $70k and that is my expected valuation right now before the correction.

if not today then surely this week.

You are comparing apples with oranges.
The previous minimum was 200-250$ (maybe less) and indeed that bubble ended just before 20000$. 100 times growth.
Now the minimum was 3000-3500$. So why wouldn't this bull run or bubble go until nearly 300k$? It's just as good number as any.

I agree, the price could never go 2% higher than it is right now.  Bull run is over, sell your coins to me please.

I think you are being over-bearish and I do not understand why do you compare two separate bull runs that cannot be compared. 2017-8 and 2020-1 are two things of a different kind. 2017 was made mostly out of a frenzy of crap named ICO while we are seeing the mother of all runs for bitcoin now. And the more institutional money flows in, the better. You will see.

The cult of round numbers strikes again :D

What's so important about 50 thousand? We had no problem with surpassing 30 and 40 so why sould we stop exactly at 50? Do you have your magic ball with you?


100 is possible if we're at this prediction marathon.

That's not how markets work, markets are not here to bring entertainment to us they just move on supply and demand, that's it, we were very close this day to reach 50k and while we could always watch a correction the market is simply too strong for a crash to happen right now, you need to make trades with high probability of winning and going against bitcoin at the moment despite of how interesting you could find it is a terrible move that will cost you a lot of money if you actually make it.

I understand your point. On last bull run many people were waiting btc to hit 20,000$ to sell their coins and cashout profit in fiat, but as it didn't happen those people were surprised and had to sell their coins cheaper on that time or waited by now to finally cashout their profit with a bigger profit margin. Like on that moment, now there could be some investors waiting btc hit 50,000$ to cashout, following the same strategy.
But would the market be so predictable like this?

Possible! but if we do try to look into the price, it is almost hitting that level or resistance but the thing here is that it is been rejected for how many times.
We need some other positive news to push up the price, havent able to reach out or breakthrough doesnt mean that it would be automatically meaning
off on possible huge or bad correction to happen but well we cant really cross out that probability because it can really happen anytime.
Its just not right to make up conclusions that it wont break out 50k yet we are almost there atm.

The comparison from the last bull run and today's are no longer viable. They really have a different run and we could see different variations and signs if this bull run is about to last. But I get your idea of the what-if so that we can have a sign if it's about to sell whether it will be the last turn for this bull run.

But to look at what happened for the past two months, bitcoin just proven that it can break higher barriers without any struggle.

$50,000 as a strong resistance is within our reach already, and there's still a lot of money poured into Bitcoin. So, I don't think Btc will not reach $50,000 level.
The market is interesting enough whether It reaches $50k or not. The 2017 pump happened so fast, that it started to dump late in January and that doesn't give good first impression from the new investors, therefore I don't think that's more interesting bull run than this year.

Reaching $50k will happen soon, but the same might not stabilize as we saw with the price growth during the year 2017. Once it moves above $50k we can expect sudden rise in the market or a downturn. We're in the high market, and there is no big volatility this time. The growth has been happening in a very gradual manner. More and more number of positive news are getting into the cryptomarket than negativity.

Same here, I have this exact feeling too this. The way a lot of people were expecting Bitcoin to hit 20,000 last year is the same as now. A lot of people were disappointed, and some even sold. We will be expecting something similar now, though. Personally, I am not in too much rush for it to click $50k, cause when the market is corrected, it comes back much stronger.

The different situation can be made as a factor for me to dissagree to your statement. Indeed, bitcoin was failed to reach $20.000 after has tried many times to reach $20.000 and after that its price just dump hard and make many people lose their money. But, at this situation I'll doubt it.

Since many investors are coming especially instutional investors are coming to store their money into bitcoin we will never see bitcoin price dump a lot. Also, the current situation has made bitcoin being accepted by most companies like mastercard, apple and many more. They will help bitcoin become new technology can be used by most people, it means mass adoption is coming. So, the bull run is not over we will see a huge increase later.

It will that price real soon and can more other resistance once it reach 60k dollar, there are already many companies who noticed BTC and it just a matter of time before it will be able to reach that amount. Adoption and importance of BTC were highly used and determined now by many since big companies already invested in it no matter how volatile the market is

You should have made the title something like "What if X", "If x, what are you going to do" etc etc.
You're ruining my fun in collecting topics that are predicting price changes, dump, and pump only to be proved wrong in less than a week in some cases a day.


Mostly because of this: ;D
https://i.imgur.com/6V5kAoe.jpg

If one thing happens twice it doesn't mean it will happen twenty times, while 300k is perfectly doable what do we do next time when we're supposed to go somewhere between 4-5 million, not even speaking of the crash that is supposed to happen  ;), bitcoin has a habit of ignoring patterns just when you're 100% sure it won't and you've put all your money on it.

But yeah, that is the conclusion everyone should know by now,  every number could be the new ATH for the next 2 or 10 years, it's one thing saying bitcoin will reach 300k, and a different one saying it will hit 66872, 108635, 86311,25612,172091, and finally 300k in that exact order. Trying to predict it looks funny but after you've been around for so long it's beginning to look like an impossible and fruitless task.



I have a feeling the 32 to 1$ crash is dying of envy right now.

This bull might be a little different than the last one.  So much more bigger players are in on this one.  With that being said can we have already topped yeah could be and a retrace is in order, but then next bull we will surely see prices way higher than $50k.  No.linear line in this market so yes it is possible...I personally thing there is some play up through 60k then a nice retrace but then again I didn't call this run so who knows.

It's different bro. When Bitcoin fails to reach $20,000 it's because we at the end of the bull run more precisely December 2017 and 4 years after that is 2021 and now we are still early, still in February so too fast if you say the bull run over. If we already in December and you see price dumped, maybe your question is relevant.

And contrary to what the OP posted, seems that $50k is already coming as the new ATH hits 49716 according to coindesk. That's only few hundred dollars to 50k. As there are more companies joining this race, 50k is very easy in the next coming days. Once we surpassed 50k, people will clamor for 60k. If this will continue, at the end of this year, 100k is possible to happen.  Remember, there are a lot of known companies integrating crypto in their payment system. So the adoption is already increasing.

I just think, where does your forum activity comes from, cannot be from BTC-minded threads, right??

Some people would take that as a negative but I already count BTC as having reached 50k basically.   We have numerous FIAT currencies all over the world and many are already at that point or there are private exchanges where the agreed price was at 50k or higher.    Anyone who deals in escrow that kind of thing will frequently set a price around the market not exactly at the market, so that easily takes us over 50k for some people right now.   If you ever bought holiday money and noticed the rate was a little different, its because they put their costs into the stated price or exchange rate so its common practise and its possible this happens with various goods etc. off exchange not quite so keenly bid.
   Hence we already exceeded 50k in transacted BTC price in a few sites Im fairly sure, it can be a psychological thing where people put theirs orders to the nearest flat number so lets see if there is any effect from that.

Anything can happen I never expect that Bitcoin will reach the $45,000 mark this early and your assumption that Bitcoin will not reach $50000 is debatable, you are assuming because of the past history, I think we are in a different scenario which is great one, I would like to enjoy the ride while it last if there are corrections I will accept but I figure that it will not result in a crash, not this year.

it did reach 20k in some exchanges in dec 2017 so I think you are wrong.

If the Bullrun scheme will be 100% the same as the previous one, it is not interesting at all. How can you state it "interesting"? Surely, it will be more interesting when the Bitcoin price can pass $50,000. Then people will speculate how far the improvement of the price, does it reach $100,000 or not? In my opinion, it is much more interesting than seeing the same scheme again.

The scenario back then is very different as today's bull run. The 2017 bull run was fueled or at least hype but the CME and CBoE bitcoin future contracts entry into the picture. But today, the catalyst is big companies hedging their wealth into Bitcoin.

If you have to compare it though and with your argument, $20,000 was the all time high set back then. And once we reach it, the bubble has been burst. But in last 2020 when we surpass it, the price didn't go on a bearish trend, but the opposite happen and now we are in the moment wherein the big numbers of $50,000 could be broken.

Its bloodbath all over the market before touching the $50k after this small correction It will finally reach this level but be very careful from here as for sure a lot of sell pressure will happen and afraid it will be like 2017 that its the final top in this bull market, $50k is imminent and a huge correction -30%-40% after this is also possible so always take profit. 

I didn't expect an answer to the rhetorical question, but we are on the same page, and you've also provided me the first good laugh for this week, and that's what I've actually merited.


8% for Bitcoin, from which half is already recovered, is far from a bloodbath. 12% for Monero may look like a bloodbath, but it can be seen as a healthy correction after 7 days of continuous growth.
Yes, people take profit now and then, but while it's good to be aware/careful, we don't have to freak out. And maybe I have no idea what I'm talking about, but 30-40% correction is not so much likely (a big correction, maybe, but that big.. hmmm).

I think it is already getting attention from many traders and panic sell happen in the market.
But I am sure that the situation will back to better, and the price will back increase again.
It is a correction that will always happen to the market, but unfortunately, we do not know how long this will end, so we can back to see the market will rise again.
We need to be patient and careful this time as we do not know if the price will go down for more.

Looks like I'm still correct as of this moment.

Bitcoin was trading at over $49k and yet it did not break that $50k, price dump again and let's see if it will break the wall in the next ty.
I will still stand with my prediction that bitcoin will not break $50k this year. Good luck bearish traders,  :)

Don't be too sure that Bitcoin will not reach $ 50k, because 2021 is very different from the bull run that occurred in 2017. Therefore, I believe
the price of $ 50k will definitely be reached in the near future, we just need to be patient and have faith in Bitcoin. Indeed several times Bitcoin
tried to reach a price of $ 50k, but failed and now the price of Bitcoin has dropped to a price of $ 47k. But it is too early to conclude that Bitcoin
cannot go to a price of $ 50. Because many institutions have started investing in Bitcoin, should keep the Bitcoin price going up. And the $ 50k
target was hit soon.

It is a huge barrier to overcome and we will see the price crossing that in the near future even though it might take a few months i am expecting the price to rally well above $50k and it is difficult to predict how long the bull market will continue but i am expecting another big rally well past the hurdle before the major correction. 

Do you have a crystal ball mate?

Damn, looks like you are right at some time, but it will not last long, bitcoin will surge again and will easily break that $50k.
Maybe you should make a poll to see how many people believe that bitcoin will hit $50k or not, how about that?

Those are two different time because in 2017 which institutions or Elon musk were tweeting about bitcoin. So now after the pandemic the game has changed and all focused for many big companies is now to include bitcoin in their portfolio if they need to stay ahead and make money from in 2021. So demand will only be growing which mean price will rise and only some correction could come when some big whale sell off their positions.

Elon Musk is tweeting Doge and bitcoin causing some FOMO, but I think it doesn't do good for the market as it only result to significant growth, then sudden dump, Look at DOGE now, it's slowly dumping, down 7% today and down 21% in 7 days, that's because the hype is over.

https://coinmarketcap.com/currencies/dogecoin/

It is a solid point, the pandemic has changed the dynamics of the cryptocurrency market. The investors who usually invest heavily in other financial markets are investing in the bitcoin market as they are expecting a economic slow down as the markets are forced to shut down and thereby we are seeing a rally in the market.

Even though it didn't reach $ 50k yesterday.  But we all know that and we believe it will.  There's nothing more irony than just $ 100, all economics and math, and we don't have blind spots to see.  Please be patient for the next correction.  If Bitcoin can't hit $ 50k this February, I'll call it a farce.  Lol

I've said a similar speculation before that the market price or ATH will be only around $30k but Bitcoin managed to break my expectancies. I'd say a market price of $50k is now possible, now that it managed to move close to such market value and the decrease we are seeing right now is just in its nature. The price will fall from time to time but the tendency will still be constant for this crypto to break a new barrier and to let go of the resistance. A price higher is possible but I am not certain with it. Also, it is quite confusing still, in my perspective, that a currency which is decentralized will manage to reach its market price at this moment. Well, I guess that's just how this market behaves.

We could easily imply that the $50.000 goal has been reached already, I mean a difference of $400-500 doesn't change much. However, the case here is way different to compare with 2017. Bitcoin is now receiving world-renowned publicity (At a greater scale than 2017) and this current bull run is being backed by corporations and investors who took action by investing millions.

Let's also bear in mind that many other corporations have integrated Bitcoin and Cryptocurrencies in their service in the past year, such as Paypal, Revolut and others that I'm not familiar with.

Moreover, this isn't a bloodbath by any means, the prices have recovered to yesterday's levels already.

There are way too many people who talk about how "it will reach 50k!!!" "you are wrong!!!" and many things like that without reading the OP message. He talked about how we say "20k was the ATH" back in 2017 but reality is even though some places did moved over 20k for a quick period, the accepted one is 19640 or something like that, which is not exactly 20k and not over it neither. So, what did we expected?

We expected that maybe price would be 49940 or something like that this bull run as well, and that could be very fun to see. That is at least what OP was saying, I am not saying that is true or that will happen, all I am saying is that he doesn't mean to say it in a bad way, he just means it would be more fun if we didn't reach the exact number, you can change that 50k to anything and the statement is still true and still quite entertaining.

Correction will always be there but this season the story is very different, no matter how many times the price corrects in the end the price can still be pumped up. Maybe previously thought that this bull run scenario would be the same but in reality it is very different because of the ongoing support, of course it will make the achievement of new ATHs still happening in the near future. $50k is still quite possible.

I guess the only advantage was if bitcoin will not reach 50,000$ in the market is we can still buy bitcoin at a lower price point if the 50k$ resistance is broken I think the price would skyrocket up to 54k$ and that is where the price would maybe stay for a few weeks, I mean its already just a few thousand dollars before reaching 50k$ so I think it will not be a long time just time what happened in the last ATH of 20k$ that is so difficult to break. Bitcoin growth compares to the past years is different the growth of bitcoin nowadays is so fast it could easily climb up its market in just a few days.

Gentleman this is.

Bitcoin finally crossed 50 k and though could not sustain more like I guess it was testing and came down quickly. But good thing few years back was just a dream when it would reach 50k and today was the day when seen it touching that price. Now once it settles down above 50k then quickly it can cross 51-52k also now it seems.

You are weird. What makes it interesting?

You sound like a Bitcoin masochist. Lol. I am not even sure if you are truly a Bitcoin supporter. While the rest are hoping that Bitcoin will conquer more prices never seen before, you are here hoping that it will not reach what is already within grasp. $50,000 is nothing.

And for your information, Bitcoin reached $20,000 in some exchanges in 2017, just like Bitcoin already reached $50,000 today.

A higher price does not purely relate to success alone, the actual usage of BTC rising with greater utility and efficiency is the main guide.  Price is secondary to circulation at any price with greater volume.   50k or 5k I would look at actual usage as more important, we just all assume the price reflects greater usage but at this moment I think its just showing up speculation and excess dollar currency production in the last year especially.

[price has touched 50k now]

Of course, predictions are a thankless task, and everyone who predicts certain events in the cryptocurrency market is waiting for that moment to be disappointed or to make sure that his words are correct. But before making plans for the future, you need to look at the state of the world economy and the banking system today. The fact is that with the arrival of a new economic crisis, a banking crisis is already coming and nothing can be done about it. Undoubtedly, Treasuries and Ministries of Finance will massively issue paper money to visually cheer up the public, but in reality we all have to worry about how much gold, silver and bitcoin we have, not the national currency. The more people worry about this, the higher the BTC rate will rise.

You compare 2 different things, when bitcoin fail to reach $20K it's because we at the end of the year, and based on the history chart end of the year is the last time of bull run, and now we just in the early of the year, so comparing it is not balanced. This is should be not to compared

There are different charts and prediction in this market that are unreliable. I want to believe a factor that the movement of bitcoin to exchanges will be pivotal to the peak of the bullrun market. More also the time halving to peak of the market, to the time of the market bottom have been similar in previous cycle. The only difference is the impact of institutional investors that are still active in this market especially on bitcoin. Some even believe there might not be bear market but if we can have correction we can likely have bear market irrespective on the investors.

You are wrong OP, bitcoin hits $50k already and that's the new ATH thus far.

I tell you, it's hard to be bearish when the market is full of bulls, anytime a price even how big the wall is can be achieve, and we just hit $50k before it fall back a bit, next stop would probably be $60k, that could be achieved in the next few days, the run still continues.

For sure you had come back into this thread and try to look up your words yet bitcoin did able to reach out that 50k though it didnt stay that long but at least
we do see that it do able to reach out on where everybody was hoping.

Correction is inevitable but doesnt really remove the possibilities that we would reach up these high price.We do have our own inputs and views.

Now that it did reach out 50k which does signify that bitcoin could really surprise anybody with least expectation.

The title to this thread didn’t age well. It is quite amazing to think we have hit $50,000 per Bitcoin. Hard to believe even. It doesn’t feel like celebration time yet though. Save the fireworks for when we break out the six digit numbers. That will be just cause for an epic party.

At op lock the thread.

And make one about 60k.

once we reach 60k

lock that thread 🧵

open one about 70k.

once we reach 70k

lock that thread 🧵

open one about 80 k

eventually you may get it right.😊

I think bitcoin doesn't look like stopping soon, it will ofcourse experience a price correction; but at what price? 50,000$ has been crushed already, would it be 60000$ next or back to 40,000$? The trends this year looks like not following the 2017 trends; and the Chinese holiday has had little effect on the market too. Perhaps the bear would come after the altcoin bull market ?

I still don't understand why every time we are in a trend like this some people resist accepting the fact that while in a very strong bull run, any kind of "big dumps" is simply not possible. The time between these strong bull runs aren't that long for them to forget either not to mention that the charts are there for everyone to see how the market is during times like this.
We had thins in 2017 too, people kept saying price is going to dump hard to $1000, $200, etc. while it was breaking $4000!

Heheh yes it's funny to see one thread after another falling. There is also this thread from sgbet where he first claimed bitcoin will fall to $1200 or so by February 2021. Now he changed the title. Yes one of them will be right at some point and then say "told ya"...

Yes, it will reach $60k for the next increases. But we do not know what price the bitcoin will be down later as no sign shows to us. We can only predict how deep the bitcoin price will down. The bear will come by itself, and we do not know if that will happen after the altcoin gets bull run or not, but one thing that we know is to prepare ourselves for the coming. But I guess that the bull run for bitcoin will still continue and the altcoin bull run is not yet happening. The altcoin increases the price step by step, and we can wait for the altcoin season to come.

I was wrong after all, congrats to all of you guys who predicted that bitcoin will get past $50k, and I think majority of you if not all have predicted that.

This thread now needs to be lock now, good luck and enjoy the bull run, let's see what's the next stop.