It depends on your current age and at what age you plan to retire. A lot of us are in our 30s and have ample time for Bitcoin to reach several million dollars before we retire. Also, people in most countries can comfortably retire with $1 million though not here in the USA.

The way Bitcoin has spiked as the Monday rolls in, there is a wall of ca$h rolling into it. We are off to the moon to say the least. Bitcoin will easily head past $100k next year and a $1 million Bitcoin is very much plausible after the 2028 halving.

Want to retire? Buy a single Bitcoin today.  

BTW, the train is starting to leave the station, ALL ABOARD!!

The ATH if we are corresponding to the 2017 means the 20k mark is around 12% of the ATH this time which should be around $100k. Once it take off into $20-30k area, it will start growing and very rapidly.

This is very dangerous and anyone getting in around this time must remember that they may lose 50% or more of their investment very quickly should a dump occur due to the economies getting better because of COVID vaccine or any other reasons.

HODL forever!

I heard Ripple XRP is to go above 0.80 up to $1.00. That said it will never stay there long since the people at Ripple will just dump their load as they have been dumping to keep the price less than $0.30. This is how they have been milking it all along.

Its at $0.48 now up from less than $0.26 about 10 days ago.

A wall of investor money and not retail money. Google trend for Bitcoin is very low at 12% which means the people involved now already know about Bitcoin.

1. All that graph crap won't ever work with Bitcoin.
2. Load of up left, only up left in the long term.
3. Anyone making any predictions on the price NOW when its so volatile is talking out of something other than their mouth.

SEC chairman Jay Clayton stated clearly on CNBC Squakbox that Bitcoin is not securities such as ICOs since it is not being used to raise capital. They have also said that they will come up with regulations to safeguard consumer funds into Bitcoin which they consider as a store of value in 2021.

I think this legitimizes Bitcoin and paves the way for more institutional investment. Oddly enough Bitcoin was made for poor people but now the rich are taking it over slowly. Then again whatever the rich invest in will succeed because they will ensure it succeeds with their abilities which they have vast amounts of.

There is a strong possibility that governments around the world may find ways to blacklist wallets or entire chains and institutions may start to honor those blacklists. For example, they may blacklist known wallets used for illegal purposes and now PayPal users won't be able to send or receive money to or from those wallets.

The fun part of about this bull run is that this is institutional money rolling in while it was retail money rolling in back in Dec 2017.

Going to be fun to watch how Bitcoin and crypto in general evolves but what is sure is that digital forms of payment are now more legit than ever.

Any thoughts?

Bitcoin cannot possibly even reach $100000 in 2021. The reasoning for this though not accurate is that the market capital of Bitcoin would have to rise 7-10 fold for it to reach that level. Where will that money come from? Now on the other hand, if NO ONE sells their Bitcoin for less than $100k right now, then the next person who wants to buy it will have to pay $100k and the price would land there in an instant.

The price would go up due to the halving every 4 years though. And Bitcoin will exceed $100k in the future over many years.

Sell it anytime and buy it back when it is cheaper. Bitcoin tends to go up and down and you can catch a lot in those waves. The special thing about Bitcoin is that it will only go up unless it is replaced with something more popular due to decreasing availability.

As far as I can tell from the charts (only the technical analysis and not fundamental), Bitcoin should start coming down now. The MACD and EXP lines are about to cross and the divergence is nearing 0. That said this happened in May and June only to get higher in July so its all up in the air.

It will be nice and fine if it can settle around 15k and make it across this year into 2021 at or above 15k and consolidate around there.

Honestly, if you have a "budget" for food, you should stay away from investment into crypto. The price may go up or crap back down below $7k taking your money with it. Overall long term, Bitcoin should keep going up unless something else replaces it but it takes a lot of time. This is an excellent investment to throw a small some slice for retirement. Most who try to use this to try to make a quick buck or two will fail due to the volatility.

You can buy in anytime. Just take the profit out and re-invest the original amount back into the train. This train is going to surpass $20k and then head to $100k as the consumers and investor money pours in through various channels.

IMHO, BTC is on a sale right now at its current price of $15.5k.

The upward trend of the price indicates that PayPal getting comfy with crypto has really helped legitimize and open a wall of investment into it. We can look forward to moving towards the $1 trillion mark.

The next halving is way out in 2024 so if you are able to throw the ca$h in and wait, you will come along well in the future or possibly even in the short term given the PayPal news. The key is to HODL till you get the price you want but your money may get stuck on it for a while so only throw at it what you can sit on. If you know how to sit well, this will build out nice.

They are required to hold a certain amount of reserve but they don't have to actually perform the trades on the backend. They have to settle on a regular basis. They will certainly skim dough on all these buy/sell trades and more.

This will bring nice fresh cannon fodder to blow through and make BTC price rise.

Their intention is to support Bitcoin and other cryptos as means of payment for their merchants which they currently do not. The merchants don't want Bitcoin and prefer getting paid in fiat. Their intention is also to  allow their users to trade crypto on their platform (very bad idea IMHO since the clowns will lose their money left and right) or send/receive it as form of payment with other users.

They will never get into actual crypto ownership for their users because it will be a huge threat to themselves so they are trying to control the crypto space by allowing limited functionality which satisfies most non-technical users.

They do plan to include Bitcoin Cash, Etherium and Litecoin. I have a feeling they will  eventually come up with their own coin to milk it out. Merchants love Bitcoin payments because there is essentially no chargeback and the seller pays commissions to send it out instead of the merchant paying it. But PayPal will take their cut though.

Did some digging around and found out that merchants won't even have to do much to accept payments with crypto, the button to pay with it will automatically show up on the websites similar to how Venmo and other buttons show up. The merchants will have an option to immediately sell the crypto after receiving it as a form of payment though so it may not really affect the price and in fact may support a reduction in price.

The next hoopla will be when Facebook gets its act together and actually makes Libra possible and that may actually hurt BTC though.

As soon as crypto shows up in PayPal portals, all the merchants will clammer to add it to their websites and a whole pack of consumers will but it for speculation as well as purchases etc. This is the boost we need to get off into the 20k and above range.

Not a good time to sell at all!

Its on Coindesk as well and there I read that the feature to buy/sell will be available in a few weeks (for some users its already there it seems). If PayPal helps merchants accept BTC, it will drive a large amount of ca$h into BTC from consumers who want privacy. We can expect more news next year about this to drive BTC and other crypto prices up.

https://www.coindesk.com/paypal-new-york-conditional-bitlicense-paxos-cryptocurrency