Here we are again at crossroads to choose whether to cashout bitcoin which we have or else Hodl for some more time? This week is undoubtedly most complicated week of the year for bitcoin users because history has not been so kind to bitcoin towards the end of year's post bullruns. If Bitcoin has already achieved its ATH for the season then it's better to cashout but if Bitcoin is going to surge further then HODling is sensible but how do you figure out as we cannot depend of predictions since it fails most of the time. What's your opinion?
If people know what happens in 2017, they will make a decision to keep Hold it, because this year it's not time for sell, but this year it's time to buy. Just look at the charts especially in 2017 and you will see a lot of the same points, and also you will know when to sell Bitcoin, yeah not a specific date but as a reference |
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The fundamental. 1. Bitcoin is the no1 asset in the crypto world, all crypto assets depend on the Bitcoin price 2. Less Supply, try to compare it with the human population around the world 3. Huge Demand, the demand is increasing every day 4. Scarcity 5. Financial Freedom. 6. Decentralized 7. News, promoters, influencers and etc, will make Bitcoin easy to spread around the world The real question is what if the ONE MILLION you have in mind will be reached but will not be the one you have in mind?
The dollar is devaluing so much against btc and it may well be possible that btc will reach that level but one dollar of those days will not buy what you expect to buy from one dollar of today.
Inflation, QE and all the rest of it are nasty things, my friend.
Good point.. |
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If people know that Bitcoin will be like this, all people will buy it. But because their knowledge is not enough so many of them decide to not buy it and as you say they will say "Damn, I should've bought bitcoin earlier!".
I think to say something like that can't change the circumstances, so stop regret the past and buy now for the future, so no more regret later
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It's obvious that current market will be bearish after sometimes. It won't be surprising for us if we remain ready for it. But when bears will take over bulls nobody can say that with certanity, it can be month or year.
We are still in bullish trend, of course, the down price will coming, during this bullish season I see we meet lots of down tren but I never see happens for a month, realistic just for a week. So even for a month never, and you say year?? Bullish season still early bro, it makes no sense to say it will be for a year |
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If Below $50K I think this is still possible in the near term, Current price of Bitcoin is $52K so I think still possible even though 50K is strong support, remember crypto is unpredictable. Whatever will happen next I just want to say don't miss the opportunity, It's time to buy and hold |
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From 2017 till today I have been hearing a lot of price prediction and frankly speaking non of them were correct. If it was that easy to predict Bitcoin price most of us here would have been Bitcoin millionaire. We all know it will reach to the moon and we can see everyday what is happening therefore there is no need to create a FOMO around the price.
Actually, we all can be Bitcoin millionaires, it's not about you can predict the price because no one can. But it's all about how long you will hold the Bitcoin. I just want to say if compared between 2017 and 2020 Bitcoin already so high but will more high for sure, but don't just focus on Bitcoin, Try find hidden gem on altcoin
$288,000 I believe it |
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Hi, why is the bitcoin price increase or decrease seemingly attributed to economic issues of the day? A recent headline said Biden's trillion dollar package caused the price to hit 60k+. Surely bitcoin is purely based on supply and demand isn't it?
Thanks.
Yeah surely pure based on demand and supply, but for people who have lots of money they maybe we can say that they can control a certain% of price. Even so, they can't fully control the price and back to the first rules, Demand and Supply. Scarcity is also an important side of bitcoin |
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As you all can see, markets have dumped very quick with BTC in a loss of around 6% because of the sudden dip. When we don't know why this happened, let's talk about the technicals and see which area could be the best for BTC to be bought.
It's creating a triangle in 4H but that's not looking in the favor of BTC and could bring it to its major support at around $52k. But hodl your breath, it's not over yet. If it's broken down, there will be more opportunities for shorts to pull it down between $47k and $43k and if it doesn't hold there too, the dump will further take the price to eat the liquidity near $36k after which it'll begin its run again.
Your analysis is 50:50, so what happens if the price starts to grow? You will miss the good price. I have a family that bought Bitcoin almost at peak price in 2017 after dumped massively I just suggest to her to not sell it and now, she got a dip price even though he bought it at peak price. Focus on the long term, Bitcoin is long term asset. Stop always think dip price Everyone must have their own analysis, I also have my own analysis. Because I don't think Bitcoin will drop below $ 52k anytime soon.
Can we see Bitcoin at $40k? Can we see Bitcoin at $30k? Or we will never see Bitcoin under $50k again... ?! Help me with this, I am thinking for some time as I said, and still I am not sure about anything... to be honest! Check out my post above |
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I have a feeling that bitcoin will break $60k anytime soon, bitcoin has a huge pump with 59850 24 hours high in Binance. https://www.binance.com/en/trade/BTC_USDTWhat can we expect after bitcoin will hit $60K, is it gonna continue or will drop? What next?? Will continue or drop it is doesn't matter. I want to ask you why you join in crypto? Why you buy Bitcoin? Stop just thinking about price up or down, but you should think about investment, especially long term investment. Think about future |
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If you're familiar with good math and science and have done the work to confirm using good sources, then you know bitcoin will be below $10k sometime in 2021 <---fact. How soon do you think it will be below $10k and by how much? Interested in your scientific opinions.
I just want to say your thread is nonsense, there is no data or news behind it, just like a FUD. If you compare Bitcoin now and 2017, I agree the chart will repeat again, but for $10K NO, Bitcoin never touch it again. The worst scenario $20K, my reason is simple because Bitcoin is already strong is very different when it was in 2017 |
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Maybe you are right, it will never be the same again, but the price is all about demand and supply. If this year Bitcoin pumped like crazy of course a lot of people will sell their Bitcoin for profits, huge sell it's mean huge dumped. For $5,000 and $10,000 I also believe we'll never see this price again, but for $20,000 it still possible, let's say this is the worst scenario
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I don't have good acknowledgment to read the chart but I have experience and belief for Bitcoin and altcoins this year. This year is the bullish year for cryptocurrency and the price will continue to increase, This year is not time for sell but it's time for buy and hold. Bullrish until when? I think like in 2017
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We talk if here, and I think will be a useless conversation.. But..
Ok, do you think the FBI will just using 1 wallet to store all their Bitcoin?? No that's is fool act, storing huge money in only 1 storage. So FBI will use so many wallets to store their Bitcoin. Stop think something like this, Useless
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Actually, if someone invests in a top coin, they should not panic because the price will recover soon, and I see the only newbie in crypto always panics for every dropping price, so your warning will be useless if they don't believe cryptocurrency. See good side for panic people, they will cry later and experience will teach them
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Another good news for Bitcoin and also the sign that we are still in early Bullrun, with that report many institutions will join and will make it easy to reach our target. A lot of people target 100K in this year if Bitcoin continues in good news, not just 100K but we can also reach 200K
Also, banks realize that Bitcoin is "too important to ignore". I just don't know why couple of people still ignore it
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60K or 50K?
It's not about will back to 60K this week, next week, or the next few weeks. But If talk about Bitcoin is about how long you can hold it. Bitcoin will back and will break 60K it's so easy for Bitcoin but the investment always needs the patient to grow. You must be the real investor and patient be patient with all circumstances |
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We are still in bullish season, that's why you can see lots of coins easily to pump and many institutions join in cryptocurrency. Even in the bullish season, we will see the price drop but don't worry about that because the price easily to recover. This moment is buy and hold, remember that so buy as much as you can before you miss it
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In the middle of the bull market, the big question of the moment is what price bitcoin (BTC) will reach in the coming months. And for the creator of the Stock-to-Flow or Reserves vs. Flow prediction model, by December we could be seeing the main cryptocurrency around $288,000.
It is a really big prediction to be honest. I actually don't have an expectation more than 100k dollars for this year but it a very nice analysis we are talking about. Of course, Bitcoin price doesn't fit every analysis but who knows maybe this one could turn out to be right.  You don't have an expectation of more than 100K this year?? I just want to know when you join in Crypto?? Are you know what happens in 2017?? My conclusion you are still a newcomer inc cryptocurrency, because if you had been in for a long time and knew the happens of 2017 you would not say things like this Old member optimistic that BItcoin will over 100K this year or maybe 200K |
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I am sure Bitcoin will not drop to $ 10k this year, because there are already many institutions investing in Bitcoin, making Bitcoin's fundamentals
much stronger. And usually institutions don't plan to sell Bitcoin in the near future, because this made me believe the Bitcoin price would not fall
back down to $ 10k. Even now, the Bitcoin price has not experienced a deep correction, but the price is getting higher. So I'm not worried about
Bitcoin dumps like the one in 2018.
When dumped like 2018-2019, this is the worst situation for Bitcoin but even with the situation Bitcoin can raise and keep growing until now, and at that time institution not join. And now we are in bullish season and many institutions join, so incidents like 2018 and 2019 will never happen again. After peak price will dump massive but will be different with few years ago |
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The whales always have the bitcoin and money to pump & dump the market. The price cannot always go up as there is a lot of manipulation in the market.
Also consider that people also earn money when the price is dumping by shorting through future trading.
I totally agree if you say that whales have Bitcoin and money to dump and pump the market. But you are less precise if you say the price cannot always go up. Actually, the price will always go up, Because Bitcoin is the long term investment, Try to compare the current price and the price 10 years ago. Stop care about whales, but you should care about the future, buy as much as you can |
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