As I predicted bitcoin going to touch 10k soon by this year.
many suggested it can't be,
many suggested it will go down again.
but recently bitcoin has grown up from 7k to today 8.6k.
Now I am prediciting bitcoin price by next month or end of this month will touch 9k.
whats you guys say?
I agree with you I am also sure at the end of January this bitcoin will reach a price of $ 9k. because right now the price of bitcoin has reached $ 8,800, only less $ 200 to reach $ 9k. of course most of us are happy to see the rise in bitcoin that happened this month. I hope this good situation will continue so that bitcoin can be bull run this year. |
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yes you are right op we must always promote bitcoin so that more people know about bitcoin. we can directly promote bitcoin to our family, relatives and friends. with the increase in people who understand and use bitcoin, this will also encourage mass adoption. and with the increase in bitcoin users will have a positive impact on the price of bitcoin. now many stores and companies are willing to accept bitcoin as a means of payment.
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the price of bitcoin on December 31, 2019 yesterday was 7200. and currently the price of bitcoin has reached $ 8500. I hope this is a good sign that we will enter the bull market in 2020. and hopefully big events or things related to cryptocurrency will occur in 2020 that will have a positive impact on the price of bitcoin so that at the end of this year bitcoin can reach a price of $ 20,000.
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Let's make sure we don't fall in trap again so we need to have a fixed target in mind for buying as well as cashing out, don't just get carried away by FOMO as 2017 and 2018 should be a learning curve for us. I don't think bitcoin will hit a new bottom value but again it might go back to $6k. Better to say active and not to invest right now as it might prove fatal but we could invest if we see a further dump before halving.
I agree with you we should not be tempted by the current increase in bitcoin. because there is a possibility that bitcoin will be a big dump before it is reduced by half. but in my opinion it won't fall until the price of $ 3,400 is too low. in my opinion the lowest point of bitcoin when it falls is $ 5k. so we must still have a target to sell and buy. and don't expect too much for bitcoin increase. |
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in my opinion the seven news items are good news and have a positive impact on bitcoin price movements. since the beginning of this January bitcoin has continued to increase. although not a high rise but this is quite encouraging. I can take a little advantage from yesterday's bitcoin increase. I hope all this good news drives the crypto market to enter the bull market.
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yes i agree with you op it's better to take the advantage of taking a little profit than not getting profit at all. and in my opinion this method can also minimize losses. because we always take advantage in every increase. and we don't need a long time to make a profit. if we can make good use of cryptocurrency price fluctuations, we will benefit.
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actually I also don't know what will happen next. bitcoin volatility is very high difficult to predict. at the moment the price of bitcoin has returned to the level of $ 8k. in my opinion at the end of January the price of bitcoin can reach $ 9k. and there is also the possibility that bitcoin will dump again before decreasing by half. and I think if bitcoin dumps the lowest level is $ 6k.
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In January, bitcoin has begun to increase even though it's not a big pump. I think this is a good development. because for a few months bitcoin has been at the level of $ 7k and currently bitcoin is worth $ 8k. I am optimistic that if the state of the bitcoin market continues to improve, by the end of January this bitcoin can reach a value of $ 9k.
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I think this year is quite risky if we invest in the stock market because at the beginning of this year America has been at war with Iran and this has made most of the shares fall. and before that America was also in conflict with China and made the world recession. by looking at this situation I think investing in stocks is not the right choice. I prefer bitcoin I think is safer and not easily influenced by world politics and economy.
World politics is quite tense with regard to super power and this is indeed affecting stock market. People withdraw their shares and market suffers. Iran and America are still facing issues and it would take months to take things back to normal. The best is to invest into bitcoin or other famous crypto currencies as they are not under the influence of world politics directly. yes I agree with you for this year I think it would be better to invest in bitcoin than stocks. because bitcoin will be reduced by half and usually bitcoin will increase after bitcoin is reduced by half. and many predict that this year we will enter the bull market and the current condition of the stock market is not too good because of the Iran conflict - America will have a big impact on the stock market. |
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As I saw last days bitcoin pumps after Iran declared the war against the United States, On my observation its because some people on the middle east sold they commodities, some stocks and bought cryptocurrency to keep carefully their assets. Do you think guys war was favor on the entire crypto investors? You can share your thought now.
I agree with you that maybe the increase in bitcoin yesterday was indeed the impact of the Iranian conflict. because middle eastern investors sell their shares and move their assets into gold and bitcoin. so bitcoin has increased. during these conflicting and unstable conditions they think it would be safer to keep their assets in gold and bitcoin. because during a war the stock market will be affected by a large enough. |
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in my opinion there are several reasons why bitcoin hasn't been able to achieve mass adoption. firstly, most of our people do not yet know and understand cryptocurrency. secondly, we have been using fiat money for years for everyday transactions, it will be difficult to get used to using bitcoin for payment tools because the number of stores that can accept bitcoin is very limited. The third value of bitcoin is very volatile, making bitcoin holders feel loss if they use bitcoin for payment.
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of course the two most warring countries suffered. because war will always bring destruction to buildings will be destroyed and civilians will be victims. therefore we should avoid war. And I think the Iran war - America will not continue because America has already stated that it will not fight Iran. so that a war won't occur. and the Iran-America conflict yesterday did have a positive impact on the price of bitcoin.
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I read the news about the attacks in Iraq when BTC was at 8080$ , and i bought.
Then indeed the price rose to 8300 - 8450 a few hours later , confirming that when there is uncertainty , political tensions and possibility of a war, bitcoin is considered a safe asset like gold.
I would have profited at that point, if i sold.
The price remained @ 8300 for 12 hours, then it dipped to 7850 before my eyes, i got anxious, and i sold at 7900.
The reason of the dip?
I think because the news are saying that Iran stands no chance against U.S., so the people changed their mind about the possibility of a war.
Is that the reason for the dip in your opinion?
The gold price had the same behavior in the past 24 hours or so.
Also, was my emotional reaction right?
In that very moment, i honestly thought the price may dip to 7000 or below again sooner or later, i exactly don't know why. I felt it was just a temporary pump and dump due to a false climate of uncertainty ( since Iran is unlikely to start a war against U.S., but the people temporarily thought so).
But as soon as i sold, the price bounced and now it is at 8060.
So i am not sure my reaction was right.
What do you think?
I think you are a panic person. in investing in bitcoin and cryptocurrency we must be calm and not easily panic. bitcoin price fluctuations are common. You have to analyze and wait for some time, don't be easy to buy and sell bitcoin. take a look at the bitcoin movement. and in my opinion to make a profit in investing bitcoin at least we have to wait and hold bitcoin for some time for about 6 months. at least wait until bitcoin has increased by 10%. |
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currently the price of the ripple is $ 0.21. If you expect the ripple to be $ 3 then it is a high pump. ripple must increase by 1400%. and I don't think ripple can reach $ 3 by the end of this year. Even though this year the bull market is likely to come, it is unlikely that the ripple will suddenly surge. I predict maybe the end of this year the ripple will reach a price of $ 1.
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China is a strong country and has the largest population in the world. two years ago the government issued a policy banning using and transacting using cryptocurrency. but before this regulation was made we knew that most investors and bitcoin traders were from China. and I think most of the whales also come from China. so even though China is against cryptocurrency its policy will still affect cryptocurrency.
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two days ago the price of bitcoin had reached $ 8400 but yesterday and today bitcoin fell again to $ 7800. very difficult to predict the price of bitcoin. bitcoin can go down and up suddenly without a reason. so I think we can only wait and follow bitcoin price movements. but I am optimistic that this year the price of bitcoin will reach $ 14,000. we must be patient waiting.
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if you have done your research in earnest and confidence then do it. if I will spend some of my money to buy more bitcoin. because bitcoin is the main cryptocurrency and most altcoins always follow the bitcoin value movement. if I would rather sell ethereum to buy bitcoin. 70% of my portfolio is bitcoin and 30% is altcoin namely litecoin and ethereum. everyone has different choices that are important we are sure of our choices.
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in my opinion the United States is also a country that is friendly to bitcoin. 6.2% of the population has used bitcoin and many large American companies are willing to accept bitcoin as a means of payment such as Microsoft, Starbucks and Subway Subway. and Canada also includes countries that are friendly with bitcoin as cities in Canada have accepted bitcoin as a means of payment.
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in my opinion the rise of bitcoin yesterday was influenced by news of the conflict between Iran and America. because we know when there is conflict and the economy is unstable, investors will choose to secure their assets. and in my opinion yesterday some investors chose to save their assets with bitcoin. so this makes bitcoin increase.
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I think the rise in bitcoin yesterday has nothing to do with the Iran vs America conflict. I think this is just a coincidence when the value of bitcoin has increased iran and America conflicted. after a few days yesterday bitcoin has increased, today bitcoin has decreased again. from this I conclude that the increase that occurred yesterday was the increase that usually occurs in bitcoin.
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