It is still too difficult for Bitcoin to reach a price of $ 20,000. Because several times the price of Bitcoin fell below the price of $ 19,000.
This indicates that Bitcoin's resistance price at $ 20,000 is very strong. It takes a big event or good news that can make Bitcoin hype
in order to break the resistance price. But I doubt the current movement of Bitcoin can reach a price of $ 20,000 by the end of this year.
My prediction is that the Bitcoin price might end this year only to reach a price of $ 19,500.
Bitcoin back to business again as the price recover to above $19,2k today. It seems because traders sell out xrp and switch to bitcoin, presumably. It's the 4th attempt to break the resistance level of $20k if bitcoin manages to increase above $19,6k within 24 hours. Well, it just time matters until the great wall of $20k will be broken and we still have 18 days left before the end of the year, many things can happen including a new ath. |
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It's another cash grab if you ask me. The company has not tested the vaccine enough and they admit it can cause infertility. Do you want to be their guinea pigs and pay $40 for the privilege? I don't. I'm not afraid of corona. I'd rather take my chances than willingly expose myself to an untested vaccine.
if it is still in the trial process then I would prefer not to do it because it will have a higher risk than corona, we all do not know the long-term effects of this vaccine and not all humans have the same body composition which results in something which occurs when the vaccine is unsuitable resulting in death. They had some trials but the vaccine was rushed, that's a fact. They knew that the earlier they get it on the market the more money they'll make and avoid competition. There are numerous doctors who say the vaccine was not tested enough and can be dangerous. At the same time, some countries are buying it blindly because they don't want to be accused of negligence. Thinking that if others are buying maybe we should is the opposite of smart. The citizens should have a right to choose whether they want to take the vaccine or not as some authorities have warned anyone who has a history of a considerable allergic reaction to a vaccine or medicine to avoid taking the vaccine. Data for the Pfizer/BioNTech vaccine state that the trial involved 40,000 volunteers and suggested the vaccine provokes only mild side effects. So, it is an option for the citizens, if they believe the vaccine is a better option without severe side effects, why not for a precaution. But I prefer to not taking the vaccine as well. |
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Coins should be used to make more coins, not to collect dust in wallets.
unquestionably, people will sell at a higher price as a strategy to acquire more coins instead of just let it stay still for years. Simply holding bitcoin for years will be profitable obviously, but trade is a way that seems more productive to get profits and accumulate additional coins. However, we don't really know what point is the peak and will start to fall at that price, sell bitcoin at a lower rate is a disadvantage because the price will keep going up and we can't amass more coins. |
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That's a smart way of investing as it doesn't put much pressure on you financially since you're adding slowly to your stack, the other way to do this would be to always put some percentage of your monthly income like 5% aside for buying Bitcoin and keep it in your personal wallet, it's just like saving money just in the form of crypto.
Yes, it's true but not efficient, it's just an illustration of a way to accumulate bitcoin in 5 years which means $365/year multiply by 5 = $1,825. However, if you can spend $100-$200 per 3 months or 6 months to buy Bitcoin at a lower price will be worthwhile than $1/day. The main idea of course to hold bitcoin as much as possible and the challenge is to hold it for 5 years, trading is a good way to increase our coins but may be problematic for some people who buy or sell at the wrong time. |
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Bitcoin is not competing to replace fiat and moreover this topic has been discussed here over hundred times, neither bitcoin nor any other crypto coin can ever replace fiat as crypto has its own base which runs parallel to fiat and regardless of adaptability rate of bitcoin there will be set of users who will never switch from fiat to any other payment method.
A crypto everyone mines at the same rate will replace fiat. People will opt into a fairly generated supply. Merchants won`t accept fiat in the future, my 600 acre farm already does not. No, it won't happen as long as there is an authority called the government. Every country has fiat currency, why are they replacing established currencies with third party cryptos? or don't countries issue their own crypto? The only condition it may happen if all the countries agreed to use one decentralized crypto or there is no longer any power in each country to maintain the value of fiat currency. |
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I would never do that, neither directly to someone or through a trading platform, yes they promise good profits per month or year but the risk is inevitable.
The most important thing in lending crypto to other people, of course, they have to provide collateral just in case, the best collateral probably a stable coin or fiat currency of equal value. However, what bothers me is the idea of taking advantage of someone else while he is struggling to provide collateral and work to pay his debt, it's better to invest in stocks.
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Day trading is too exhausting for me, always have to observe the chart and analyze the patterns day-to-day basis. I occasionally do swing trading for some potential altcoins but mostly hold for weeks or months until it reaches a desirable price according to my research.
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19 days left to the end of the year, seems there is a battle in the market to save bitcoin by sold a big amount of xrp and switched it to pumping bitcoin and some huge whale trial to dump it on critical levels trying to prevent natural recovery. However, bitcoin seems to regain its strength to stay above $18,3k and hopefully close the day above $18,5k.
Bitcoin still has a chance to break $20k before the end of the year, as the cycle of dump and pump shows some different patterns and create new support levels.
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Utilizing blockchain and bitcoin are two different matters.
Many countries develop economic programs using blockchain technology to optimize and integrate hyperconnected assistance.
On the other side, Bitcoin isn't backed by any government, and cryptocurrencies are not insured by the government either. The developers and users are responsible for storing their coins and use it at their will.
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There is an experiment called Marshmallow studies from Stanford University in 1972 led by psychologist Walter Mischel, a professor at Stanford University to analyze human social behavior. The purpose of this study was to understand when the control of delayed gratification, the ability to wait to obtain something that one wants, develops in children. was done with delayed rewards in areas such as time perspective and the delay of rewards, resistance to temptation, and psychological disturbances. The results seemed to indicate that not thinking about a reward enhances the ability to delay gratification, rather than focusing attention on the future reward. read moreWe can apply the same experiment to obtain a better result, not to just endure your holding for 10 years, we can trade in order to get more coins, but the goal is to accumulate BTC1 in 2030. Ten years is a long time if we count it every second, but time will pass, many investors waiting more than 10 years to become a millionaire, bitcoin could be a way to achieve the same result if we can resist the temptation for 10 years. |
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When we observe the trend it is true that btc resistance at $20k is hard to achieved. Many users expecting this year that price could go to $20k nor above it. Also some switch to altcoins on taking the opportunity as orhers are really predicting it that altcoin season will happen. We have an option to move to alts while price did not touch the resistance but on me I'm holding my btc until it reached my goal price to sell.
Whenever the downtrend happens, people start to panic sell as well because they are afraid the same thing in 2017 will happen in 2020 as the price continues to drop below $15k to $12k and then below $10k. I believe this year the story will be different because of some reasons like halving, more adoption from some big payment companies, and institutional investors. The price drop is a common thing in this market, it just some whales who trying to shake the weak hand to sell their bitcoins but the potential of bitcoin is beyond $20k, the best action right now is holding bitcoin until it surpasses $20k. |
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bitcoin volatility lessened is due to the increasing number of adopters who own bitcoin, if more people buying bitcoin and it spread widely then the volatility will be reduced over time. The only thing that makes it so volatile because of whales who have so much money or hold too much bitcoin that they can manipulate the market at their will.
So, we can expect bitcoin to become less volatile if more people hold bitcoins which makes it evenly distributed worldwide, not some parties have too much portion of bitcoins.
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Bitcoin price always fluctuates, a normal thing in the market if bitcoin can't push to a higher spot, traders will sell to cause a panic sell among people that make the price drop to $17,5k today. However, the reversal will take place after it falls to the bottom of the support level, like the last time bitcoin drop to 16.2k and reversal to almost 20k, but currently it just fell to $17,5k which created a higher support level.
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It's the trend on the market right now as the price is going sideways for weeks, bitcoin value will increase over time that supposedly already reaches $20k but the demand is inadequate to break the wall. Although it falls below $18k, bitcoin will recover to $19k eventually, it just time matters because bitcoin has the potential to reach a new ATH in 2021 and we don't want to miss it by selling bitcoin at this price range.
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It may even reach 20k this year before the year ends. I honestly feel like there is a big chance where we could totally see bitcoin not only reach 20k but also reach above 30k in 2021 as well. Obviously there is no guarantee in this, we may see bitcoin go down to under 10k with the same chance as well, which means there is a good chance that either of those things could happen but I really doubt that we are going down for now.
Bitcoin is on a great roll right now and price is very valuable, I really hope that it will continue throughout the 2021 year and we end up with a great price later on. What we need in order to see 30k+ price in 2021 is to manage the hype somehow and make sure people do not go into panic mode and start selling all the crypto they have.
We believe so, bitcoin never stay so long within this price range of $18k-$19k which is so high in the whole history of bitcoin and it can go up or down 50/50 % at the end of the day. However, it seems that buyers and sellers are in consolidation, and the market clearly doesn’t have more power to push higher, so it going sideways for more than a week, finally bitcoin price corrected to $18,1 today. Some predict that bitcoin needs a retracement before taking off to break the $20k. |
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Too much of everything is bad, so literally too much hodling will cost you opportunities; and the opportunities are as follows; opportunities to cash out and take profits; opportunities to sell high and rebuy at low rate; opportunities to reinvest etc. One thing that is contrary is that if you believe in the reasons why you are hodling; then there won't be any troubles; for example Bitcoin is bullish on the long term, do your own research
Indeed, for people who want to take profits whenever the price increase, sell at a higher price and then buy back after bitcoin corrected. Nonetheless, it's not that easy to predict when bitcoin reaches the peak, whether it will continue to increase or will decrease, so we need to set a goal of how much %profits we want in order to avoid loss or regret when the price heading in a way which is different from our predictions. |
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I sold everything when it first came in 19700. Why ?
Because trading in the peaks is very risky, so I am waiting for it to be established and I will enter later.
Now, if it goes above 19700, I'm not upset. Instead, I enter the channel above 20, which is stable, and my bitcoin has not been lost like this.
If it goes down, I will buy it again.
Many people have the same plan as you do, because we think bitcoin will be corrected once it reaches $20k so people set sell orders around $19,5k-$19,8k. This action has consequences that forming a large wall of resistance below $20k. Retail investors or traders don't want to push the price as they know it will be useless against massive sell orders, hence the price seems stable at the current price range within $18,5k-$19,5k. However, if institutional investors start to buying bitcoin again that push the price to surpass $20k, people will follow to buy as well. |
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Yes, you can buy now. This article help you for buying bitcoin. Today bitcoin price is high but you can buy in December. After this year bitcoin price can be increase or decrease. But in this month bitcoin price increase. So I tell you now you can buy.
I don't think anyone could predict Bitcoin's price, so there no need to assume it would increase or decrease. Bitcoin has already crossed $19k so I think buying time has already gone. Bitcoin price is one of the factors that affect people's decision when to buy bitcoin, but before make that decision new adopters should know the fundamental of bitcoin as technology, the adoption in financial sphere, and the risks that may occur. Depending on the purpose of buying bitcoin, whether for trading or for long-term investment, several factors must be considered, not just the current price. |
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I wouldn't mind a nice retrace back to 16k or so by January 1st. After that it can go full bullmode and blast those targets. Saves me some in taxes  Blowing the current price below 17K USD next year will surely create havoc on BTC community. It just mean that Bulls are weakening and might be a dejavu on the last bull run. I'm hoping that BTC will above 20k USD next to start a fresh uptrend. Holding the 20K USD mark will mak traders confidence to acquire more and it's a confirmation price that a new uptrend form. It may happen as people tend to sell at the end of the year, a retraction below $17k won't be havoc, just a normal thing in the market. Bitcoin movement seems going sideways in the last week, fluctuating within $18k-$19k but can't break the resistance, if it last for 2-3 weeks people may consider to sell rather than hold. |
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don't really get why they calculate the mining revenue based on per terahash. Although that's not wrong, it just generalizes for all of them (Revenue estimates assume miners sell their BTC immediately.) but doesn't represent the actual earnings number for the miners, many factors affect it, how much they can generate bitcoin in a day? when they will sell it? they have different hash and mining expenses depend on their location due to the electricity and taxes vary in every state.
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