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We haven't even touched the milestone of 70k yet and you're already on the 350k price? That's just crazy if you think about it because it seems impossible right now given that it's not how bitcoin grows annually. Maybe a 100k is a possibility but a 3.5x more than the amount that I have predicting seems a little bit far fetch, don't get me wrong, I will be happy about it if I am proven wrong but right now, it only creates a hypes that can trap newbies.
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I think at this moment, the movement that it shows is bullish but I have heard from some of my friends about being careful because their still speculating whether it's a rug pull or a bull trap and you don't want to fall for those because it's frustrating and at the same time embarrassing especially if you have been on the crypto space for a long time.
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That's because they want to be the knight in shining armor that they want to be so they try their best to cover up their imperfections, think of China like a whore, they try to lie to you so they can get the attention that they want and hopefully get some favors out of you that only benefits her and then you will keep coming back. The control of information is the greatest weapon there is and China is using it really well.
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I think they will benefit so much doing so, it's not like it's going to be a big change but it's still a fine addition in a country that they support crypto because that only means that those countries can be hub for crypto businesses and people that are interested in crypto is going to have freedom on what they should be doing.
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Why would it lead to? It's making everyone some money but at the same time it also makes people stay inside instead of coming back to the mainstream fiat based economy so I don't see how it's going to be that way for cryptocurrencies to cause a crisis, on the other hand, I think that we should look out for constant money injection in the economy through stimulus checks because they will cause hyperinflation.
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I don't know if you have like some kind of FBI enforcement agency in your country that deals with cyber crimes but you should probably go to those people because they have the equipments to track down people in this case it's bitcoin meaning that there's a public ledger that they canuse to slowly track down the scammer.
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We really can't force someone to invest in crypto. but if any of your friends want to learn from us who have been in the crypto world for a long time, we can teach them about investing in crypto and provide an understanding of the advantages and disadvantages of crypto and the risks that will be experienced. Of course, all decisions are up to each of us. So if you are still a beginner who wants to invest in crypto, it is better to invest half the money you have and use the money that is idle so as not to be disturbed by the needs of our lives.
OP didn't force his/her friend to buy bitcoin now, it said in the title recommend, meaning that OP's friend has to consider and decide for himself/herself whether it's the right time to buy bitcoin now. If you are a newbie to cryptocurrencies, do some research and make it extensive reading but at the same time you still have to understand it. |
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I see that this is a true bull run and it already lasting, it is different from a bull trap because Bitcoin price only drop to 29k$ it does not drop below 20k$, so then I believe that the bull run will maybe continue untill the end of this year, I will never believe that Bitcoin will back to low price below 30k$ this time.
I have a high standard when calling it a bull run but I am pretty sure that if it stays like this and steadily goes up for about a month or even 2 months, then probably I would agree with you that it's a bull run but I still have a bad feeling in my gut that tells me there's caution to heed in this current price movement. |
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I think that institutional buyers won't be affecting the market directly very much anymore. Because we see that some companies like MicroStrategy have still been buying a great amount of Bitcoin but those news haven't affected Bitcoin price a bit. The market and Bitcoin are getting stronger and stronger as time goes on. And this helps preventing the manipulation at a high rate.
It's just that the current institutional buyers right now aren't pouring in a lot of money in the market so we don't feel their presence too much which is a good thing because the fear index is going to go up when the prices all of a sudden spiked. Plus, more people are now patient enough to not easily sell their bitcoins if there's a small increase. |
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I think being stable at the current price of 39k and 40k is what we should hope for this month because a stability at this point is going to help bolster the rise of prices in the future plus with this kind of stability we get to see that the prices will only go up and if it ever goes down, we will only see it just a little bit.
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The price of bitcoin has risen so much that even if the shorts take their revenge, they will not be able to survive in many aspects. That's why traders should invest and hold on to bitcoin they are worrying the bosses by spreading shorts and these false rumors it is not possible to move forward in the crypto market without taking risks. Therefore it is necessary to wait for a long period of time only the time constraint the price will go up again.
It's only a matter of timing for them, corrections happen and they can still make money out of all of this rise in prices plus it's not like the prices are going to be going up forever, that would be a fictional thing but a dream nonetheless for many of us in this forum and even the whole market, it only takes one bad day for market or one bad news for bitcoin for the shorting to be a profitable endeavor. |
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It's just me but I think the reason for the hype behind this is that it's coupled with big money since institutions that are mentioned are corporate giants and I think it's a no brainer that they are going to pour in large amounts of money.
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Unless you are trading day to day, better to care less about bitcoin price volatility and think about holding for long term. After a certain gain, traders will certainly start selling to take profit then once the price drops they will buy again and so on. Until the price rise back to +$65k, volatility doesn't worry me a lot. That's what I do too although, I still feel like I don't have enough bitcoin in my portfolio yet so I hope that I will be able to buy some more before it goes back to 65k and beyond because I really want to get juicy profits out of my hodling you know, don't want to waste my time and patience just to get a meager amount. |
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Unfortunately most people are into a practice of selling at high and then buying back at low which is the reason why we are usually having the corrections in bitcoin markets periodically. When at least 50% of bitcoin people are believing into market to slide down then they are pushing rest of bitcoiners as well to sell and then to buy back. So, regardless of how many people are participating into bitcoin markets, I am afraid we may go another round of bear markets in 2022. But in 2021, we may test another ATH which may lead to bitcoin prices to be testing more than $100k levels before end of this year. So, get ready to face both bulls and then bears in near future. But even if there's that kind of habit and correction, it still won't matter because even if it's 50%, the price won't go down real bad like the last time, plus a bear market in 2022 isn't going to be dire in my opinion because even if it happens, pretty sure that people are ready for what's going to happen next. I am hoping that it's going to be the case for bitcoin, to go back up and then reach another ATH. |
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Bitcoin's too big to go down like 2018 plus there are more people hodling already and not backing down even when the prices are going down, plus companies have already come in and they seem to be in the market for at least a long time before taking out their investments hoping the prices will grow much bigger than their initial investment.
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Holy shit, this is big news if it's true. Is this true though? I mean the tweet doesn't have a blue check on his profile so I have some doubts that it is true although I think that it's a good news, pretty sure that not a lot of people will use it immediately.
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I have a different opinion from you. I don't think bitcoin will stay below $30k for 10 days. even the price of bitcoin has been strengthening above $30k for several weeks. I think the bitcoin price will stay between $35k - $40k till the end of this year.
I am pretty sure that you would probably have a different opinion too when it the current market situation didn't happen I promise. Also, how can you be so sure that bitcoin is going to stay that way until the end of the year, it seems impossible to happen to me unless you have some proofs on you. |
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I haven't thought about leaving for the time being. If there is a reason, it may be that I am no longer in the encryption world. The only reason why the forum attracts me is that the precipitated content is very precious. Many of the posts I have read are from a long time ago. This is the biggest advantage of the forum.  Are you sure it's not because you can also earn money here through signature campaigns that you're not yet leaving the forum? I am not gonna that's part of why I don't leave and the other is that it helps me with investment strategies so when I eventually go away, I would still get something out of it. Plus, there's a lot of unforeseen events that might lead to a permanent absence in the forum but I do hope that it's not a life threatening thing. |
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Cheers to @lightlord, the pay out is just in time because I am buying a new DC statue that's going to be part of my collection and I am pretty sure that my collection will have another one bought by my payout with all the bonus. |
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Welcome to the club, 1xbit is infamous for blocking the accounts of their users either because they won big amounts of coins or just for the fun of it. No way you can get your money back.
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