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Question: Would you call it a success if bitcoin will stay at least $10,000 this year?
YES
NO

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Author Topic: Would you call it a success if bitcoin will stay at least $10,000 this year?  (Read 351 times)
Viscore
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May 08, 2020, 11:42:02 PM
 #1

Bitcoin has been very unpredictable, it has dump to its dip this year before it rally to be back at $10,000 again.
Although that price is not stable yet because we are still below $10,00 now, but then the percentage of increase from the dip is already good enough, maybe some investors already taking profit right now, but can we still expect a rise from here and what do you think the price by the end of the year?

will bitcoin drop below $10,000 or will be price at least $10,000... what's your thoughts?

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milewilda
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May 08, 2020, 11:55:20 PM
 #2

Bitcoin has been very unpredictable, it has dump to its dip this year before it rally to be back at $10,000 again.
Although that price is not stable yet because we are still below $10,00 now, but then the percentage of increase from the dip is already good enough, maybe some investors already taking profit right now, but can we still expect a rise from here and what do you think the price by the end of the year?

will bitcoin drop below $10,000 or will be price at least $10,000... what's your thoughts?
Price had always been volatile and predicting its price is always been a question on this unpredictable market.I can somehow say that reaching 10k price is a good thing that had been achieved this year
but doesnt guaranteed out that we this would be the new support and the price would shoot up ahead on particular higher levels than 10k. Theres always a probability of correction or sell-off
neither it would happen on post or past halving  and as an investor then you should really be prepare on what would be the possible things that might happen ahead.One thing or one goal is
to secure out your gains in case the market would turn out to opposite.

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May 09, 2020, 05:01:53 AM
Last edit: May 09, 2020, 08:22:27 AM by Nazmul012
 #3

The price of Bitcoin hit max 20k$ in 2017 and comparing with that year, its really desppointing if bitcoin reach 10k$ or 12k$ in this year. But think of 3k$,
it will be much better if bitcoin will stay atleast upto 10k$ this year  Grin
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May 09, 2020, 08:16:10 AM
 #4

the price of bitcoin has just fallen below the price of $ 10,000. it's natural to look at volatile bitcoin prices. for now, holding on to prices above $ 10,000 is a success. however, I think that the price of bitcoin will rise slowly and exceed current prices. basically, people will never be satisfied. maybe today we see that prices above $ 10,000 are a successful thing, but we will continue to expect high prices.
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May 09, 2020, 08:44:06 AM
 #5

Answers will always be.

Yes, it can drop anytime.

Yes, it can rise after the halving.

As long as we see that $10,000 is sustainable that's already good and a win for us. Success as it is because we have been at the bottom of it yet it has recovered. Bitcoin is volatile and the price fluctuations are always to be seen regardless of halving and news of adoption. Determine your price goal if you're good with $10,000 or not.




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May 09, 2020, 08:50:43 AM
 #6

The price of Bitcoin hit max 20k$ in 2017 and comparing with that year, its really desppointing if bitcoin reach 10k$ or 12k$ in this year. But think of 3k$,
it will be much better if bitcoin will stay atleast upto 10k$ this year  Grin

Agree it's disappointing but actually we cannot compare on what happen in 2017 since there are more hypes coming by that year and no disturbance with the price rally, And if you look on situation today we experience a major economic crisis which create a massive downfall on all financial institution. But I'm still glad that we are in $10k level since for going unto that price we can still say that we still have strong phase with bitcoin.

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May 09, 2020, 10:54:31 AM
 #7

it depends on how you define success. every day that bitcoin network is handling millions of dollars worth of money being transferred all around the world fully decentralized, highly secure and with very low fees; i consider that a great success. it doesn't really matter where the price is at for that matter.

but from a fully speculative perspective of someone who doesn't care about anything else but profit it could be said that $10k is a great fail because it would mean not only a big lack of growth but also it would show a big decline. it is because $10k is below intrinsic value of bitcoin and if a whole year it stays that low it would mean there has been no more adoption. which is obviously impossible as we have already had great increase in adoption 2 months ago which still hasn't reflected on the charts.
keep in mind that price was about $12k before the COVID-19 drama started.

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May 09, 2020, 11:35:32 AM
 #8

Bitcoin has been very unpredictable, it has dump to its dip this year before it rally to be back at $10,000 again.
Although that price is not stable yet because we are still below $10,00 now, but then the percentage of increase from the dip is already good enough, maybe some investors already taking profit right now, but can we still expect a rise from here and what do you think the price by the end of the year?

will bitcoin drop below $10,000 or will be price at least $10,000... what's your thoughts?
For.me having 10,000$ value for the year wasn't enough
to be called success because this year
 is supposedly halving and we all knew that years like this
makes the bitcoin price making at least
more than half of its price pumping so maybe having a
15,000$ will be enough for me while the
effect of the Covid virus is still staying in world economy
and maybe the next year or another will be
the best and most for the whole crypto community and
may brings another difference to what we have in the last 2017 halving.

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May 09, 2020, 03:05:36 PM
 #9

~snip~
will bitcoin drop below $10,000 or will be price at least $10,000... what's your thoughts?
^ With the crisis, we are experiencing right now, $10k as the price of bitcoin can be considered as a success. Back then in 2017, the price hit up at $20k we cannot compare it this year for we have an economic recession globally and that has a big impact on the slow movement in bitcoin's price. Furthermore, we cannot make any prediction on the price for trading and investment are still active and aggressive especially we are near the halving which probably causes a big pump on the price afterward but nevertheless $10k will be a success if we will reach it before the end of the year.

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May 09, 2020, 04:18:27 PM
 #10



I am hoping that Bitcoin can be able to reach the $15,000 level as we are going towards the end of the year. However, I also understand that Bitcoin is a lady that can be quite so moody at many times so yes if it can be able to maintain on the $10,000 average then I would be already happy for that. Now, we are, of course, wishing that it can be able to get into the $20,000 level, if possible. Well, we are all dreamers, aren't we?
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May 09, 2020, 05:11:20 PM
 #11

Bitcoin has been very unpredictable, it has dump to its dip this year before it rally to be back at $10,000 again.

will bitcoin drop below $10,000 or will be price at least $10,000... what's your thoughts?

Ok so let take away the FOMO that's been felt currently in the community resulting to both old and new Investors getting hold of as much bitcoin as they can, anticipating for a positive pre-halving price which some must have already profited and probably expecting more profit to come due to the hype surrounding the event that can spike the price of bitcoin at any moment to new pre-halving ATH.

Also take away the FUD that's to come after the event as many investors will get disappointed and probably sell their coins to avoid more losses or take profit which will result to some downward price movement. Any user that isn't satisfied by bitcoin trading atleast $10,000 must be those that bought at the 2017 as judging based on this year record bitcoin will be in profit trading at $10,000 considering at has gone as low as $4k- previously.

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May 09, 2020, 07:18:19 PM
 #12

Yes, I would say it's a pretty good result, it's a big boost compared to the last lows like $3,500 and $3,800 and $6,500. I know that people can't wait for $200,000 or above one million, but I personally doubt those price will be achieved, at least not in this new decade, so I will be happy for as long as Bitcoin is steadily growing. And comparing to traditional markets, even doubling its price is a big deal already.

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May 09, 2020, 09:32:58 PM
 #13

Bitcoin's more than 10 years of existence has already showed how successful this creation was. It doesn't need to stay at a certain figure just to be considered successful. $10,000 is expensive, not everyone can afford to buy Bitcoin at such figure allowing only a small fragments to your wallet considering how high the price is. We have to understand the correction, and these lows aren't bad at all because it allows us to buy and get good profit once it pumps. Healthy market swings from low to high and vice versa.

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May 09, 2020, 09:36:30 PM
 #14

Bitcoin has been very unpredictable, it has dump to its dip this year before it rally to be back at $10,000 again.
Although that price is not stable yet because we are still below $10,00 now, but then the percentage of increase from the dip is already good enough, maybe some investors already taking profit right now, but can we still expect a rise from here and what do you think the price by the end of the year?

will bitcoin drop below $10,000 or will be price at least $10,000... what's your thoughts?
Towards end on this year then its pretty much chance for the prices to stay above 10K mark.But we need to speculate what will be the effect on the prices when we only have few hours left for halving event,I can see a slight dump which will be converted into big or its just a correction?
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May 09, 2020, 09:45:43 PM
 #15

Bitcoin has been very unpredictable, it has dump to its dip this year before it rally to be back at $10,000 again.
Although that price is not stable yet because we are still below $10,000 now, but then the percentage of increase from the dip is already good enough,
As you said, the bitcoin market is unpredictable but i still dont see any reason for an alarm because of the current dump in price of the market which always the exact direction bitcoin market usually possess before halving date. Mind you, this is the final dip market before the bullish start.

maybe some investors already taking profit right now, but can we still expect a rise from here and what do you think the price by the end of the year?
Such decision is expected for we cant have the same impression but some investors who have already took their profit at $10,000 mainly  plan to buy the last dip market before halving.

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May 09, 2020, 09:47:53 PM
 #16

For me it would be a big success because i'm not looking for a way to get rid of my coins but rather a slow and steady increase.

Also the price holding 10 thousand would be a nice confirmation that we are not breaking the long term uptrend and that Bitcoin is still strong. It will allow miners to profit, holders to stay calm and confident, stock traders to hedge against the depression. It would make everyone happy Smiley
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May 09, 2020, 10:37:51 PM
 #17

I believe bitcoin will stay above $10k at the end of the year and that’s a good progress for bitcoin, a success on surviving on many challenges this year. Halving happens every 4 years and we saw a big up trend after the halving period so I believe bitcoin will go high in more years to come, and the success will be felt by many.
I believe it so but that $10k is big enough for me. We started at $8k plus and $10k it is already two steps ahead which gives me profit by then but if ever the price will grow more, well, it would find luckier.

Actually, I wasn't expecting the market to increase and getting into bullish this time knowing that the pandemic still in the surge. But the crypto community is different and we saw that in front of the global issue but still we recover after reaching into the bottom $3.8k and this means that there is a lot more market change in the coming days.

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May 10, 2020, 06:02:25 PM
 #18

Bitcoin is getting dump hard since last time and we really did not know were it will be any moment from now till the end of the year. We are at a time when I thought bitcoin will be in the $10,000 to $12,000 area because of halving but what we are seeing now is different.
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May 10, 2020, 11:15:29 PM
 #19

Bitcoin has been very unpredictable, it has dump to its dip this year before it rally to be back at $10,000 again.

will bitcoin drop below $10,000 or will be price at least $10,000... what's your thoughts?

Ok so let take away the FOMO that's been felt currently in the community resulting to both old and new Investors getting hold of as much bitcoin as they can, anticipating for a positive pre-halving price which some must have already profited and probably expecting more profit to come due to the hype surrounding the event that can spike the price of bitcoin at any moment to new pre-halving ATH.
I guess the FOMO is over if there is, bitcoin already dump now, and we can't tell what price it will land, or it will dump to its dip again.
We never know and of course we shall see, so if that is the way the price will move, then $10,000 would already be a good  price for me by the end of the year.


Also take away the FUD that's to come after the event as many investors will get disappointed and probably sell their coins to avoid more losses or take profit which will result to some downward price movement. Any user that isn't satisfied by bitcoin trading atleast $10,000 must be those that bought at the 2017 as judging based on this year record bitcoin will be in profit trading at $10,000 considering at has gone as low as $4k- previously.

I know there are still a lot of people who are holding when they bought at peak, I hope they will not loss their patience and they will continue to hold because the time will come that bitcoin will surpass the current ATH, again we will never know when, but holding is the best strategy I can recommend as a holder as well.

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May 11, 2020, 03:09:21 AM
 #20

Success for what though? It doesn't necessarily mean that a higher price equates to success. I mean, yes, a higher price is much more favorable for most of us since most of us here see BTC as an investment, a buy low and sell high market, but if you were to honestly see what BTC is for, then having to reach $10k doesn't really mean a success. It'd be more of a successful adoption for the world, a spread of its influence and the like to call it a success.

But if you were just to talk about getting as high of a price as possible, then hmm, I wouldn't really call it successful but rather just a natural turn of events? or maybe a satisfactory answer. I mean, we reached $10k last year at around mid-year twice and the market has been pretty much hanging around there. It only dropped to $4k last time cause of the panic caused by the virus, and you can basically say that the market has already recovered already. We still have what, 7 months left, if BTC stayed on around $10k only, then that can only be satisfactory or normal. If it reached around $15k or higher, then maybe you can consider that as a success.

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