When op created this thread bitcoin was around $37k. But within a month, bitcoin finally done to cross $50k landmark even $52.5k as new ath. In 2017 bitcoin down from $20k and took 3years to Recovey the price where bitcoin is pump equally but within a month and half! Thats the speed of bitcoin at this moment.pretty sure that market isn't going to crash but we are going to be the witness of $100k landmask very soon timeframe
Yeah, 2017 is an experience moment for lots of people, so they know that after pumped to the moon will back to the earth, that's the important lesson. But also give another lesson to people who don't sell their Bitcoin that you don't need to worry if you hold Bitcoin, The price will recover even if you buy it at the peak, The key is patience |
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If price reaches $100k and then stops there, reversing into a bear market then it puts an end to the history of bitcoin bull/bear cycles and we can no longer predict what will happen next because it will all be new. We may not even see a bubble and the bubble burst anymore.
But if the previous cycles that have happened at least 3 times repeat, we should see $400k at least and it would mark the next bubble for bitcoin then kick start the bear market in 2022 with another 80% drop.
So far (starting from previous bubble in 2017) everything has been pretty much the same in the pat 3 years.
If based on the chart, I think will be $300K max, but who knows, I just disagree if you say it bubble. You cant say Bitcoin bubble only because of the price drop. If the Bitcoin price increase 3x from 100K, this is an opportunity for everyone, so many people will sell their coin and will make the price drop like in 2017. This is not a bubble but it's all about Demand and Supply |
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So would a $2.5 million BTC actually be more like $250,000 or even $50,000.... I just can't see 50% of the world's population being millionaires.
No, only real holders will be millionaires, Reach $2,5M/Bitcoin will take a long time, so only people who can hold their Bitcoin for long time will become millionaires, If people join in crypto when Bitcoin reach $2,5M, he is not a millionaire. So the time wiil comes, 10years, 20years, who knows? But prepare yourself to become the real Holders |
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Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
By now we know it's not the best idea to sell all our coin just because of correction. It was a difficult thing to find the bottom and buy back especially for the top altcoins and bitcoin This time we may not see 30-35% correction like in the previous cycle for bitcoin and the dump may short live. I'm with you, correction is normal and natural in cryptocurrency, sooner or later the price will bounce back. If sell it because correction and prepare for buyback at a low price, this is risky, because no guarantee that the correction will increase your amount of coin, what happens if just a small correction?? So for me, I'm not taking a risk, I will keep hold it if correction, never sell |
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As long as we see the price didn't go below $20k, I don't think bullrun has ended but the current scenario still continued to prosper. We're still in midst of profitable market of bitcoin, and other prominent coins which gained a huge market volume. Let's expect another ATH to exist this month, as per checking on recent price $50k is back so another opportunity is waiting for us in the future heading forward to $60k per btc.
If only $60K, we will see Bitcoin reach it in this month, if there is no FUD or Bad news about it, But if something bad happens to Bitcoin it will be a little hard. I don't really care if it's just $ 60K because I know Bitcoin will do it. My target for the long term, so >$100K When BTC bull run will end? simple, Unpredictable, so enjoy your profits in bullish season |
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Hope you bought back at 15,200
but only if you learned your lesson and decided to not break the #1 rule of Bitcoin -> HODL
You are right, HOLD is the no1 rule and the most important rule that should not be broken because if you break it, you will regret it sooner or later. Bitcoin is freedom so keep Holding it is the right move. It would be sad if he knew the price of Bitcoin This thread in 2020, and sell all his coin at $14K, what do you think about his feelings if he knows that today, the current price of Bitcoin is $50K?? So much pain. This is the real story that people cant become a holder will regret his decision. So HOLD guys, for a better future
He doesn't sell all of his coins but only sells a lot, probably almost all .. lol |
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Is PayPal's activity will give an effect on the market?? I think NO because PayPal is a centralized company and cant give any effect on the market. Except the company invests a huge amount of money in Bitcoin as Tesla Company do, so will make Bitcoin price pump and altcoin will follow it.
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I guess the sky isn't falling after all. LOL< I'm a pilot and said FOD at first. Corrected.
If for trade, I think is scare to join in market. Bitcoin movement not fully increase, we can see another dump today or tomorrow if Bitcoin breakdown the support. But if for the long term, buy now, or tomorrow is not truly effect |
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what is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger
Cheers
Normal, this dump is not quite bigger, but this natural and easy to get back. I mean if Bitcoin dump you will do cutloss on other side you know that your money will back. Hold your Bitcoin and if dump buying more. No scare about dump if you HOLD Bitcoin. Except after huge pump like in 2017 |
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Not mentioning that the market cap has reached $1T for the first time. Although it has corrected and the current total market cap for bitcoin is $910B yet that's still a lot that has gained since last year. Those called "idiots" who have invested $27k or below $30k are rejoicing and would be proud of themselves that they've bought it at that price. We may not see those prices again for a long time or it's going to be a never until the end of this bull run cycle.
Yes, I agree with you, we may not see those prices again for a long time, or maybe Never ever see those prices anymore, Bitcoin's support line is so strong and +-2x from $27K. People who have knowledge know that $27K has potential for buying, But People who don't have knowledge like OP will say stupid That's why knowledge is important |
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Has Elon Musk's tweet caused the bitcoin bubble to burst? Will it be the beginning of the bitcoin crash?
Do you know what happens in 2017?? After Bitcoin pump massive and Huge correction comes for about 2 years? 2 years correction and no Bubble occurred And you say the last correction that happens only less than 10 days will bubble?? because Elon Musk?? Elon Musk will make Bitcoin Bubble? I think before you make this thread, you should learn about what Bitcoin is. |
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I guess the sky isn't falling after all. LOL< I'm a pilot and said FOD at first. Corrected.
I check my portfolio today and all green, Yes, I agree with you, the dump is over now and Bitcoin and Altcoins will start to fly again. But the correction around a week ago, I think is not from FUD, this is natural from the market. After the pump will dump, this scenario will the same. |
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This is normal movement, after bull market for long, Bitcoin needs to rest before more jump. We all know that this moment will come but of course not a dangerous area. I think this is a big chance, Buy dip and HOLD and you will be a winner
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Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.
In my life I try to make less cutloss, after I buy I will keep hold it because I belive that the price will back, I will hold my previous buying and buy at new dip with fresh money, If more dip, same like previous I will keep hold it and buy at the new dip with fresh money |
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Perfect, we recommend everyone to buy BTC at 50K since it will never go down again and so all of us who had BTC from before will continue to raise our assets, pathetic.
Your suggestion is very bad. You don't need to recommend everyone to buy Bitcoin, everyone has a target and they will buy it when their target is reached. And market correction will happen, you can't say "never go down again" because this statement builds from zero knowledge. But I agree with you that Bitcoin will continue to raise |
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It's not like I am complaining, far from it! I am enjoying every bit of it. But how can we really follow the mantra of 'Sell High Buy Low'   Stop being a trader because Trader will try to buy low and sell high, I think you must learn more about Bitcoin, so your mindset will change automatically, From buying low and sell(as Trader) and will change to Buy and Hold (as Holder) and trust me, if you become a Holder you will be happy at the end. |
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I mean what are you waiting for?? I don't know that you already invest or not. But if you do not invest yet, you will so regret your action.
That's why you must learn it by yourself and makes your heart strong to start invest. Never try to find a very dip price, because no people can do it. You just need to start to buy and keep Hold it
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So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so. And with the way it happened, dunno.. I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming. So yeah, don’t panic. That’s it. Lol.
I don't why people keep panic if they already know the history of Bitcoin. I mean why must panic, better you enjoy it, and if the price is down better to buy it. No need to panic at all. You choose the no1 Investment. Buy and HOLD and don't panic everyone will panic if bitcoin price drops below $ 45k mate, because the strongest support is there, that's why a few days ago bitcoin price dropped drastically and altcoin dropped by 15%, but I am thankful that the bullish path is still stuck and the rally is getting stronger to reach it. $ 80k, hope this year dreams come true!
No everyone, I'm not panic at all. Only people who have less knowledge and a weak mentality will panic |
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Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.
You know the thread call people who buy at $27000 are a fool, and now he learns something in the crypto world, and because we reach $50K, you make the same thread like him. People who invest their money in Bitcoin is not a fool, no matter when he buys it. Do you remember 2017 when are at the peak, maybe you call them fool when he buy at that time, but now they already take so much profits, You get the point |
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So this news is not 100% real, even with that, Apple company cant denies that Bitcoin technology is the future technology, and sooner or later i believe apple also will join the crypto community. And as you say "giant company join in crypto space will attract more people to join"
That's the rumour and it's spreading into crytpo space. But Bitpay Card add supports for Apple pay in USA which is great sign that Apple might enter into crypto space sooner or later. If that happen, more tech gaint might adopt crypto for their services or invest into bitcoin like Tesla did. I think sooner no later, If apple company does not enter the crypto world I believe that this company will aftermost. Now the future of a company is that accept cryptocurrency as a payment method, so the company has no choice except to join the crypto world. Crypto is Future |
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