is this a point of no return 10K

[tunctioncloud]

Yeah, 10 000$ is indeed a psychological milestone. For the long-term, which is by 2020 - two years is an eternity in Bitcoin - I call for something like 50 000$. Anything under shows you do not get all what will happen in two years and above shows you are too optimistic.

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[Hamstead]

Since bitcoin reaches $10k before year end, it couldn't be possible to fall back. Because we knew already that bitcoin and the whole crypto is almost taking place fiat currency, and their is any possibility that bitcoin will become a widely used by the people in all transactions be made. This could be the reason that the demand of bitcoin will continue increasing and automatically affect it's price in the market(high).

[fabiorem]

Clearly. It is breaking all TA charts, its just amazing.

We cant speak of pre-10k prices anymore. I know, some of us want it to buy more, but we have to content ourselves with a 10k floor now. It is possible, it is forming already. When CME kicks in, this will be the dip.

[ahmadakbari]

So the world wide hype machine kicks in, money floods in, goes to 20, 30, 40 K corrects back to 15 or 25K, or do you think we will see a deep correction soon back to say 7000 or something?

Long term I am 100K to 1 M all the way but interested to know your thoughts.

I say it would almost look like that because of this fast uprising price that is unstoppable that it almost reach $12000 but suddenly it fell down to $9000. That's why i believe it will drop to $7000 to $8000 depending on the price correction.

But the correction is already over and now the price is rising again. The correction didn't last more than 2 days. It is a sign that, the price cannot fall very much. We will never see prices such as 7000 and 8000 dollar again.

[BartS]

I really hope it would go back to 5K so that I could buy a lot more. However I also realise this is probably what everyone else is thinking - hence it won't correct back to below 10K easily ....

Bitcoin already touched 11k and now it is close to touch 12k, stop waiting, bitcoin is not going to go back to those prices unless something really terrible happens, this is real growth that cannot be undone that easily, bitcoin is not going to wait for us, so you either buy now accepting the fact the price is high or you lose the possibility of earning a fortune in the future.

[Giamme]

Yeah.

10,000$ now is indeed a point of no return. Since it got trough 10k it has never got back down.