yes, what we can have is just mere speculation here. no one can exactly say that he is confident of giving a number before this year ends. but yeah, we're looking at $25k here very easy. 10 more days to go and guess what? in crypto, a lot of things can happen in that period of time. if you want to take advantage of this opportunity, either you can have intermittent trading here or just hold. but we cant be sure for what may happen in the next coming months, so better create a strategic plan for your funds.
Truly, a lot of things can happen with that short period of time. But I'm more hoping that with that period whether it reaches another new high or not, as long as it's maintaining itself to $20k, we're all good already. That price is already a win to us and it's much better if it's the newest support that we can ever get before this year ends. That's not too much to ask because the crypto market is always volatile and bitcoin could get high and low within the time frame. Right, above $20k at the end of the year? It's already a win as we have set a new all time high this 2020. But as I have said previously in other thread, the narrative has change, bitcoin is still a speculative asset, but more investors are looking at it as hedge, that's why we don't see that much dump when we top $20k. So if $25k is the top for this year and reach last week of December, then it is already a bonus, a super fast rally as no one thought that $25k can be achieved this year because of the pandemic. Yes, those new tops will be a bonus. Just as what we have lately, there's a sudden correction that made it back to $22k. In the news, I've seen it $21,850. And that is the reason why my expectation is just showing around on $20k and making myself happy looking at that price. Dow Jones down and the crypto market suddenly did the same. The covid-19 restriction on UK probably was all the reason for this. But anyway, the resiliency of bitcoin is always at the top.
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Was that price the correction
Maybe. The price recovered already and it's $22,800 as of time I'm posting this. are we expecting it to hit 20K?
We're all expecting both ways, positive and negative. We can speculate about it positively because it just went through a $1k+ correction. Then, we'll see it back afterwards because that's the natural reaction of bitcoin whenever it plummets. Rush buyers would come and won't waste the opportunity when it corrects.
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I understand your confusion and what makes you worry. But AFAIK, that percentage that CMC is showing is a daily basis, I just don't have an idea if it's per hourly moving so it really varies if you will rely on the percentage.
Look at the quantity of how much bitcoin you'll get if you're about to trade. That will make it easier for you and in that case, obviously you'll have to choose the 0.000024 BTC than the other. As I'm telling you it depends and varies on the exchange you're trading.
Not all exchanges are depending on the exchange rate of CMC, that's why it will depends on your trading time and what's the situation of the market by that time.
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When you've taken the second screenshot? The below one. Well, regardless of the percentage of its down, you already have the metrics of how much bitcoin you'll get upon selling one XRP. And with that, you have to choose which makes you get more bitcoin. So, I will get more BTC when the price is in Red in coinmarketcap if I change the currency to BTC? In the coinmarketcap I see XRP is 3.65% down. So I will get more BTC now in compare to when XRP price show UP?
Coinmarketcap is your just another basis and market comparison but you still need to check the exchange where you're trading. And the answer to your question is yes. You'll get more when the market is red. That's why there's the philosophy of "buy low, sell high". You buy at low/red because you get more.
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If you're doing it and wanting to have it on BTC then you need to make sure that you get more BTC/mbtc/sats because your plan looks like you want to stack more bitcoin.
That's all you need to consider, you should earn more bitcoins in quantity than looking at it in USD value. But that's always at par and depending to the pricing of the exchange you're trading.
If that's still unclear, you need to determine first your plan. What you've said of getting more bitcoin while it's on red is the good strategy if you're plan is what I've said above.
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Simply yet informative and precise comparison for just buying 1 tesla with bitcoin's price from the past and the current. We're all getting a goosebumps seeing how much bitcoin's worth right now. And IIRC, there's also an image that shows how many groceries you can buy with 1 bitcoin in the next years and with the current. This only shows that we're all heading up, there will be a stoppage and correction but it still leads to show that bitcoin is going upwards. 0.5 BTC = 1 Tesla soon? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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yes, what we can have is just mere speculation here. no one can exactly say that he is confident of giving a number before this year ends. but yeah, we're looking at $25k here very easy. 10 more days to go and guess what? in crypto, a lot of things can happen in that period of time. if you want to take advantage of this opportunity, either you can have intermittent trading here or just hold. but we cant be sure for what may happen in the next coming months, so better create a strategic plan for your funds.
Truly, a lot of things can happen with that short period of time. But I'm more hoping that with that period whether it reaches another new high or not, as long as it's maintaining itself to $20k, we're all good already. That price is already a win to us and it's much better if it's the newest support that we can ever get before this year ends. That's not too much to ask because the crypto market is always volatile and bitcoin could get high and low within the time frame.
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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. We'll look at it if that's exactly will happen on the 1st week of new year. If the $22k is the price that it will crash. We still are in the right price to set our targets then. Locking profits does not mean sold all bitcoins and get out of the trade. Just like stop loss there is take profit which help you running juice without risking massive sudden crash.
As per my experience, this is correct. For the newbies that don't use stop loss. Do it. It's much helpful when you don't know and where we're heading. This is just to secure still your money and stop further losses.
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Trading/day trading isn't ideal for beginners. Here the questions: - what would be the best investment method you would recommend? - linked to your recommendation, what tools/services you would recommend also (you need to balance the service/features with their fees if any) - what service you would recommend to convert such crypto to USD or EUR?
- Buying bitcoin and using the dollar cost averaging method. - Tool like a wallet? I'd advise you download the Electrum wallet and store your purchased bitcoins there. - You can use Binance https://www.binance.com/en/trade/BTC_USDThttps://www.binance.com/en/trade/BTC_EUR
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Just avoid it if you have doubts.
Follow your guts and if you're not familiar with the website, the first very step is just not to use them or deposit any amount if it is requiring you to do. With the doubts of the majority here, I think that's sufficient for you to just simply stop looking at them and avoiding it at all cost.
The delay of 1 min might also be a tactic to give their potential user a sign of relief but that could also be where the trick starts until it's delayed forever.
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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.
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I do believe that the Bitcoin price will rise very faster in the year 2021 because Satoshi Nakamoto is going to buy more Bitcoin to push the price up. He has got plenty of money to play the Bitcoin game to take the Bitcoin in its next stage.
You're saying that bitcoin will grow faster on 2021 and you're expecting a X3 to its price by the end of 2021. If going back to a several months ago when the price of bitcoin hits under $5k, we had never imagine that it will go back to $10k as quick as possible and then breaking $23k and suddenly $24k by the end of this year. The same could be for 2021. Just compute how how much it multiplied from this year and how much it can be by the end of 2021. But $60k is much a safer bet than others which is higher than the price you're speculating. Most speculations will be alive again including the bearish predictions. Everyone is gonna be active when bitcoin is rushing to increase its price.
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Hi since we already broke past $20K and we have been around $23K for awhile I want to ask my co-forum members what do you think the highest price would be?
And since I don't want to create more threads I also want to ask your idea on what price would be the peak price before it gets a price correction?
A question that has the answer that no one can never know. But if it's just asking about our opinions and ideas how much it would take for bitcoin to correct. Then, the price would likely be around $22k-$24k. It just topped $24k. We might see the start of correction but if there's still no sign of it, we just have to wait until it comes. While we're on it, enjoy the ride while it lasts. And for the highest price, we could see it at $25k just like how it has surprised us on $24k a while ago. But it might come like a flash.
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The forum should be enough if you want to get rid of scammers messaging you. There's a filter through the forum which anyone can report a scam that's bothering them or unstoppable messaging them.
There are a lot of good people volunteering and reporting when they've found a scam. This is like the safe haven for most of the newbies in the crypto space at least for those who are serious to learn more about cryptocurrencies. Not only those people that are into ICOs, defis or any project that just comes once in a blue moon. You are also free to ask questions that you want to know because everyone can contribute to what you want to know or if there's a topic that confuses you.
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I am Not Understanding This high
17th December In Morning $22k When I Check in Noon Time $23K It Super High.
Super high as it is but that wouldn't be the limit of bitcoin. We've seen it broke within a day just to reach from $19k to $23k. What's more if it will break $50k-$100k and onwards soon? You don't have to understand why it's high as what you see but the only thing you need to understand is that there's much demand and it just keeps on increasing. There's no secret why bitcoin is pumping. It's been a lot for this year and just you see from the bottom that it was, it has climbed to the ATH through these months and it only needed less than a day to break its past ATH. Ask a different question, something like if you have stocked some bitcoins or mbtcs on your wallets.
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By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
Determine yourself why you've bought at the top. Are you treating it as a long term hold or you just want to cash out because the market has been moving faster than ever and just reached another all-time high? I'll tell you what are the most predictions for 2021, not now. $100k is the price that I mostly see for the possible to happen on 2021. That may look seems to be a high price but we'll not know which is exactly going to be reached by bitcoin again. It has reached $23k and you bought at a not good time if we're talking about current price. But you only need to think when and what price you'll be selling it. You can buy again with the strategy of cost averaging to at least remove your doubts and keeps stacking sats on your portfolio.
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This has often been my question so far We all know that if a project has a small supply, the price will be very expensive in the exchange, but why are so many new projects still making trillions of supply? do those who have a large supply don't want expensive token prices in the market? Are they too greedy so that make a large supply?
The low supply capped tokens started with the Yearn.Finance and other Defi projects followed them to have a low supply but not all of them as successful as YFI. But during the ICO period, too many altcoins have large supply because it seems to be effective to them. Just like as XRP and Ethereum but it doesn't really make sense if the project has a high or low supply. What matters with them is the demand and its usage. Whether they have billions or 10,000 supply in circulation or on its economy but if it doesn't have real use, it's a useless token. Demand and use is what really matters.
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It's normal that bitcoin get to correct first before reaching the peak that it has made. Just like what it did when it has first reached $19k again for the time after 3 years, we've got to break $20k after it has corrected at the price of $16k.
It is a very necessary analysis to look at that matter if you're aiming for a more realistic price height for bitcoin. $25k is just another peak but it could also do the same rapid increase that it did when we're surprised at $20k, it did $21k and so on. The support that op is telling is secure price which we'd love to see and won't see a bottom of it anymore.
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My biggest regret is always selling at the earliest point. The price was deemed to be low during those days that I've sold. But it's not my entire crypto holdings so that's why I'm still in good position even a bull run comes. But that's just me, I feel regret when I remember those days, a few years ago and even some days of this year. It's also a regret not to buy at those earliest days.
That's it.
Others can also connect with that regret and mistake but we have things to consider why we sell and with this pandemic, I'm still grateful that holding some crypto, bitcoin and other altcoins helped me a lot to buy things that I've need although it wasn't a perfect time to sell when I've sold.
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