bitcoin finally crossed $4000

[deisik]

i'm much more concerned about bakkt because physical delivery = real effects on supply and demand

That goes without saying. But other people are still saying that they are going to issue more Bitcoin certificates that they will have bitcoins in their custody. Then we are instantly back to square one

that's precisely why it's a scary proposition. if traders treat bakkt futures as a purely speculative market (ie withdrawing very few bitcoins from bakkt's custody), then we're likely to see lots of supply dilution via rehypothecation. that's how central counterparties (like bakkt) make money

But isn't it the same with gold?

As you had been saying yourself in that debate? Some traders may go for physical gold (as they are buying physically settled contracts) but many will just sell these contracts before the expiry. But we still don't see extreme volatility or insane prices with gold even if there is less physical gold in vaults than paper gold in contracts (as you claim). So why do you think Bitcoin will be different?



In other words, what makes you so scared?

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[Pab]

I count on break above 4500$
as for now that move  looks good to me
Price is going slowly step by step
I have some thoughts that current move begin when all that issue with shutdown in USA ended
Now Fidelity can launch maybe even in March and also Bakkt can be set up for CFTC approval

[Ipwich]

I count on break above 4500$

This is possible this month, BTC is just mooning and we cannot stop it.
People around are prediction more bullish run and this time of the market where green is everywhere, it's very enticing to us to invest again.
New comers are going to accumulate at this price, run was already consistent and the support is big.

[Juggy777]

I count on break above 4500$
as for now that move  looks good to me
Price is going slowly step by step
I have some thoughts that current move begin when all that issue with shutdown in USA ended
Now Fidelity can launch maybe even in March and also Bakkt can be set up for CFTC approval

Hey it’s quiet possible we may be able to see it crossing 4500$ levels in March, I feel if this rally continues slowly but steadily we shall even see it crossing 5k levels soon. I feel the current rally began due to people buying at lower levels, and then holding it for greater returns. I’m not sure whether Fidelity or Bakkt will apply back so soon, cause these procedures take quiet a while but if they apply and get approved then definitely a big bull rally will begin.

[michellee]

The price was moving slowly to increase, and I see that the price moves in many times in this day, the bitcoin price is up and down. I see on Poloniex that the price does not break $4200 level price, but the other exchange already reached it.



And if I check on the order buy and sell, I see the price it seems cannot increase too high, so I become a little bit worried to see the down for the price.



Besides that, in the buy order and sell order, there are not many traders who place the order. I am curious about what will happen tomorrow.

[yonjitsu]

As the market value of bitcoin continues to fall lately, so many things had crossed in my mind if bitcoin has really reached the bottom or something and uptrend is going to happen. It's like more of a pump-and-dump scenario now because even a small spike of its market value can give you a decent profit.

[seoincorporation]

We talk too early guys 

Looks like the turbo bump is over, was just a bulls bad joke as we can see, the bump is over and now we are back to the crash speculation. This markets only play with our feelings, lol. I don't think it will be able to hit $4500 in the next weeks.

[Koobtcgal]

I was very happy when I saw this but accidentally, it didn't happen the way I want it because traders took their profits too early to start a new base price again. It was expected to happen though but too early and I am sure it got some members furious for the 30minutes sharp drop.

[chulos]

Finally, the price went up. Three steps up and one down - now the situation is so. I am pleased that the cost of the remaining cryptos has gone up too. It looked like a new bullrun, but the price is again under $ 4k.
New bullrun not and not come. We're still waiting. At the moment, patience is the only key and we will wait for more growth.

[bittraffic]

I count on break above 4500$
as for now that move  looks good to me
Price is going slowly step by step
I have some thoughts that current move begin when all that issue with shutdown in USA ended
Now Fidelity can launch maybe even in March and also Bakkt can be set up for CFTC approval

Hey it’s quiet possible we may be able to see it crossing 4500$ levels in March, I feel if this rally continues slowly but steadily we shall even see it crossing 5k levels soon. I feel the current rally began due to people buying at lower levels, and then holding it for greater returns. I’m not sure whether Fidelity or Bakkt will apply back so soon, cause these procedures take quiet a while but if they apply and get approved then definitely a big bull rally will begin.

Nothing else can be done but hope for the best, there are pros and cons for this Bakkt so there are still doubts what it can be knowing we don't want a centralized regulatory  system. Although they are very much needed for the mass adoption so if it can be launched as early as this March, the earlier we know what it can do to the market. Its interesting but can also be scary for the crypto.

[icecube45]

Bitcoin passed $ 4,000 in just a few days, and now the price is back down in the range of $ 3,800. It seems that it is still very difficult for bitcoins to get past $ 4,000, it looks like it will take longer to get past. We have to wait more patiently and hopefully this doesn't last long.

[hungafub]

The daily chart for BTC is so extremely bullish. I would rather have this for 365 days in a row instead of the crazy runs that lead to long squeezes and stop hunting.

The recovery after the dump down has been exactly what I look for. Slow steady rise of the bottom (not the peaks, but rather the valleys). This signifies more and more holders who aren't selling, and who are now at their entry ground floors.