since this looks a lot like 2016 and from 2016 to the end of 2017 price went up 1466% and if nothing changes the price should be $375,840.
but i don't think things would remain the same with the way bitcoin adoption is increasing these days so the price should start rising up a lot faster and bigger so my speculation is on reaching $500k.
Do you think the price will be 500k end of 2021? i think there is a very strong possibility based on the performance of bitcoin in the past 10 years and the way things have a tendency to always speed up as we enter the bull market. for example price now is rising a lot faster than it was rising 6 months ago and will get faster 6 months from now. plus then moment we break $100k there will be a mad surge of money into bitcoin as everyone suddenly wake up one day knowing they've missed out and start panic buying. It is verified that the bitcoin price on Christmas 2020 is $24,7k isn't it? the new ath so far. Well, we hope bitcoin could manage to reach $25k on 25th December but apparently not the time to happen, yet it is a nice price for 2020, imagine what will it be like in 2021? The best price I can imagine is $100k at this point, if the calculation will become the reality. Nevertheless, bitcoin needs more adoption and investors to reach that price, meanwhile let's see it go through the steps of $25k - $50k -$75k and $100k. |
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Bitcoin price today is $24,489, this is a remarkable achievement, yesterday I saw the price of bitcoin is only $23K.
Because the end of the year is only a few days away, maybe the peak price this year could reach $25K. Because if you
look at the price now, it’s very close to heading for $25K. It seems like many people also think this is the most suitable
price for the end of the year.
high probability that we will hit 25k as we change the year here. a new ATH is on the horizon. for how long we will see that kind of price? no one knows. we are all just spectators here and hoping that it keeps on going this way. for new crypto buyers, they should know what theyre getting into.we are still in crisis, so they should know the risk involved if they are putting their hard-earned money into crypto. Another attempt to break the resistance level of $25k, after a little reject at $24,6k a few hours ago as bitcoin at $24,7k right now and keep climbing, really close to hitting that target. Bitcoin could hit $25k sooner or later before the end of the year if there is no significant retracement takes place like the last time it fell to $22k. |
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I also experienced this often, sometimes I feel dissatisfied with the current sales rate and it turns out that the rate continues to increase. But on the other hand, we should be quite satisfied because we have previously set a rate at a certain number. don't be greedy because it doesn't always match our expectations. Therefore, we can divide a few percent to be sold at a certain rate and some are sold to increase even higher.
To avoid regrets, we have to make a plan to buy and sell at a certain point, observe the market and make our own decisions, as long as it makes profits don't regret it. in this case, prefer to sell a small portion whenever bitcoin price increase rather than sell all at once since the opportunity to sell at a higher point will be lost at that time. The same thing for buying bitcoin, if the correction occurs, don't buy it immediately until the bear market takes place, or at least after 30% correction. |
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Sure, I think the same. The service fee of Bitcoin has become too high!!! I do not believe it is worth it in that almost everything is virtual, why do I have to pay this annoying money? It does me not enough good  No, it isn't. The fee for bitcoin transactions really depends on the mempool, how many queues and the average fee that people pay. You have to check the mempool every time you need to send bitcoin in order to determine how much the fee to be paid. 2 days ago, initially there were around 26k unconfirmed transactions, I'm not in hurry, so decided to sent bitcoin and paid only 10 sats/byte, but suddenly it increased to over 40k unconfirmed transactions, the result it was confirmed within 24 hours. However, at that time the queue on the mempool was decreased below 25k, so I sent bitcoin with only 13sats/byte, then confirmed within 20 minutes. |
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Bitcoin is not yet ready to have any rest the way the chat is looking and 25K before the end of the year will be an easy passage in my own opinion. Looking at the chat right now, I am expecting some dangerous move upward.
Why not though? still couple of days and after a correction, it seems that we are all green right now and could hit $24k and then next target is $25k. I'll say it is still possible, the momentum is still there and there are still FOMO that can push that price in that levels. And then we can continue this bullishness next year to $30k. I'm much positive that it's just a matter of time, and with 12 full months in 2021, we might see a another all time high before the bubble is burst. Step by step bitcoin will continue to crawl we will look to the highest level in 2021 how later FOMO can still produce a good price where people continue to be full of belief that we will see the highest price, maybe $30k during 2021? I'm sure there will be a lot of strength in the market which will be more stable compared to the actual correction, but this is just a speculation that maybe the bears will come and destroy it all so we will see more of how things go forward, hopefully no bad news for that clouding the mood in cryptocurrency. How about $25k on 25th December? a week left before the end of the year and anything can happen, whether bitcoin manages to climb up or the correction will take place. Bitcoin and some altcoins such as litecoin have the same movement to increase in the market, but most of the others are losing right now, leaving a red stain on the chart, is it a sign that people have started to cash out and the time for bitcoin will come soon? or they switch the fund into bitcoin? |
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Ahh, that's why the market reacts positively that the price rejected $22k and increase over $23k in a short time. Whenever an institutional investor invest in bitcoin and announced it to the public, it's kind of an endorsement for bitcoin, they can buy bitcoin in secret then sell it at a higher price in a few months but they want more people to consider bitcoin as a good investment rather than a speculative asset.
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I am confused among these, cauze people says
1. Btc pump then alts dump
2. Alts pump then btc dump
3. Both btc and alts follow each other
But we can see that only the 3rd scenario is happening right now i.e alts are following btc.
What's about the 1st and 2nd.
(Actually I am a newbie in trading)
All of it is true, it happens on the market depend on the situation, trends, and only for some altcoins. for example; 1. when bitcoin rise from $19k to $22k, xrp dropped, traders speculate that people cash out from xrp and switch the funds to bitcoin, it was happening due to the airdrop date has been passed. 2. you can check the chart, there are many circumstances this has happened in the past, such as in 2017-2018, after bitcoin price declined in December 2017, eth actually reached an all-time high over $1400 in January 2018. 3. This happens a lot in the cryptocurrency market, but only for a few altcoins that have potential and development opportunities to follow the bitcoin path to rise. |
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Don't be greedy for waiting endlessly in hopes of getting a higher price and don't hold too long until you miss out on the opportunity to obtain the profits.
I have sold some portions of my bitcoin, take the profits at 10%-20% on the bulls run, and save some portions for the next higher target, one thing that is actually concern is that too late to sell bitcoin even though you have made a slight profit, continue to wait for the price to rise considering the increase in bitcoin prices, but in fact, it is not the case, actually, it could go down at any moment
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We share here whatever information we find relevant, so we can compare what is different this time.
IMO this can't be compared. This is what I called being result-oriented only. The whole crypto industry is more stable now. In 2017, if you see a total daily volume of 20B you would be - wow, that's enormous! Now when I see 100B daily volume - meh, what a weak day... Another big difference, the bull run was cause by CME and CBoE future contracts then FOMO sets in, lots of irrational buyers, now it is because of companies and billionaires hedging their assets and wealth against BTC. Also, for me this is not 2017 bull run, this is just the tip or the start, probably more of 2016. So there's a lot to be offered in 2021 that it can dwarf 2017's bull run. $100 billion daily volume will be just the norm as we are going to see a super rally next year. The future contracts and the hope for bitcoin ETF approval driven the price in fomo and panic sell make bitcoin so volatile. Traditional payment and financial services that connect with merchants adopt bitcoin as one of the payment methods is one of the game-changer this year aside from institutional investors. assume that adoption is one of the keys to the health market growth and less volatile market rather than just being a speculative asset. |
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........annnnnd he's stopped out:  So much for $30K before $22K. At least he was smart enough to use a stop loss. Unfortunately, he got stopped out right at the bottom.  I had a feeling this thread was a sign that a dump was coming. Sentiment is such an interesting thing to study! Question now is, was that it? Or was that the beginning of a larger shakeout? $22k is the support level at the moment and $24,2k probably the highest point for bitcoin for this year, furthermore the rally may have stopped the attempt to break $25k for now, or else, it's just a temporary delay to hit $25k at least until the next year. However, we could be wrong and investors keep coming to get involved in bitcoin investment as a reserve asset. Meanwhile, we can expect a range above $22k-$23k, because the rejection of 22k happened, it will target the top line around $24k. if bitcoin manages to stay above that then the next target around $26k. |
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Will bitcoin eventually dominate the world economy and replace traditional currencies?
Bitcoin is an alternative currency, it was not meant to replace fiat currency unless the value of a country's currency drops, then the citizens are free to switch to bitcoin as the primary means of payment but not an option for a country. We have seen the economy of Venezuela collapse which cause the bolivar value depreciate, but the government didn't adopt bitcoin to replace their bolivar, instead created their own crypto called petro coin that launched in February 2018. There some several flaws in bitcoin, but the main quandary is the volatility which may make people hesitate to use it as a major currency on a daily basis. |
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Currently, bitcoin at 12th position below Visa at 11th, following by Berkshire, TSM, and Tesla at 8th, it's a time matter until bitcoin growing bigger and takes the top ten position among bigger companies. However, it just a market capitalization, the rise and fall of bitcoin price affect the cap as a speculative asset that could change a few thousand dollars within hours. Bitcoin needs more adoption and scalability to be used widely around the world, to become more stable as an alternative decentralized currency.
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The way Bitcoin is moving forward it seems that Bitcoin will cross 25k very soon. Bitcoin transactions are increasing which is increasing the demand for Bitcoin in the crypto market. Investors are taking advantage of this and it is unlikely that Bitcoin will hit more in early 2021 if not this year. Whales cannot exert their influence on the market. Bitcoin's high value is disabling whales making it easier for traders to avoid the risk of investing in bitcoin.
10 days left to the end of the year and bitcoin still can't break the resistance of $24,5k let alone 25k. Look at the trading volume and transactions on the mempool, which indicate the price may hit the all-time high at $24,2k and won't push any higher, so we can expect it will going sideways or gradually decline. However, it may not be the reality, time will reveal the truth. |
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Bitcoin is set to launch for 30000.
Stop loss : 22000
Lock profits : 27500
Time duration : Before new year.
Good luck with that prediction. Just for the record, have you done it yourself and you've bought on the levels that we have right now? Unlike you, most of the individual traders and newbies are not willing to enter at this time because it looks dangerous and not profitable for them. But here you are, showing that we still have plenty of time to entry before the $30k and next price targets. We are in uncharted territory. This will determine the true value of BTC, and you know how committed crypto enthusiasts are. Lack of other investment opportunities during pandemic is boosting it furiously. As per my research it will go up and up till 1st week of new year and then crash. The best price that I expecting before the end of the year is $25k, if bitcoin can reach up to $30k, it's even better for us. Well, I'm not really sure what the peak price before a correction occurs that probably more than 10-20%, even if bitcoin manages to recover above $24k, it would be nice to get a portion of bitcoin by doing scalping. I would like to hear more about your research, do you publish your idea somewhere like on tradingview? |
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It is a good idea to buy a Tesla using bitcoin as a reserve fund, after bitcoin reach $37k then it's a guarantee to get one due to there are some additional fees such as options and taxes but the best option for an electric vehicle is the long-range that cost over $45k. Unfortunately, Tesla, Inc. doesn't accept payments via bitcoin, perhaps Elon Musk will change his mind in the future to accept bitcoin as a payment method by cooperating with one of the many crypto firms. Final payment is accepted via:
Electronic check (direct debit) in your Tesla Account
Wire transfer
Personal or cashier’s check at time of pick-up, with your Reservation Number (RN) and name in the memo line source |
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Bitcoin will not terminate anything, nor the political systems or fiat currency.
It is meant to be an alternative payment without a centralized party, even some fiat currencies have been flunked due to the lack of the government to manage the country's economy, most of it happens because of corrupt politicians, and then bitcoin will emerge as an alternative to their fiat currency that loses its value.
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We don't know what is the highest price of Bitcoin, but the correction will happen sooner or later after it hit the ath, maybe at $25k, $27k, or $30k, no one knows for sure. Although the price has been going up for several days doesn't mean it has to be corrected instantly, it still going sideways, and some attempts to push for the higher level.
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Without any extraordinary news, I think the max we will see is $25K.
People are now tempting to sell and cashout at least part profit, so there is pressure to put the price down.
The ath was $24,2k and bitcoin may against a resistance level at $24,5k if the time has come. People tend to cash out before Christmas, so the correction could happen before December 25th. We will see if the pattern repeated this year and if bitcoin fails to break $25k, then it may not get to that point until next year. |
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Why u are waiting for?
few days ago btc was 20k, you can save 3.5 instantly.
On my mind your decision its not right in this moment. I hope i am wrong.
Everyone has a decision whether to buy at any point, we can say that he can save $20k if bought bitcoin in March. If no one buys bitcoin at $23,5k, how it suppose to reach $24k? People buy bitcoins on purpose, to use it as a medium of exchange, for trade, or hold it for the long term. $23,5k as an entry point for trading probably not the best decision, but he still has chances to get profits at this rally. |
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I don't expect anything below $19k though. One thing is certain that $20k is going to become the strong support. We have to see how the momentum continues.
The market had shown that whenever bitcoin reaches the ath, the correction will ensue. it is a better market if bitcoin set the strong support at $20k but time will reveal whether it will stand sturdy or the correction will fall below $20k. If the ath is $24k or $24,5k then the correction occurs before Christmas, 20% correction means the price drop to $19,6k. Anything can happen, yet we can't say with certainty what will be the reality, but be prepared for any case. |
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