Bitcoin at $20,000 is it still a good price?

[Mpamaegbu]

has basically two questions:

Is it too late to buy Bitcoin?
Is the current price too high?

Even when Bitcoin was at less than $3,500, people still asked the above questions. A lot more people will still ask same questions when price gets to $50,000 and above. It's not going to cease. However, the more the skeptics ask these questions those who are investment conscious are buying in. At debut, I am sure even the biggest hodlers today never felt Bitcoin would get to $100. But look at where price is today. My advice to anyone is to buy whenever you've free cash you won't regret losing and not be mindful if it's the right time to invest or not. Doubters don't take risk. Take the risk. After all, life itself is a huge risk.

[AniviaBtc]

Those are answerable based from your belief and stand to the market. If $20K is expensive for you to buy then let it be that expensive. But if it's not, do your thing and don't regret it if you enter late or early. This market is no guarantee for those investors that have a doubt upon investing. You should have already a whole decision before buying and you need to understand that it's volatile. When it's $3k, people say it's expensive, the same with $10k and so on.

That $3k is already not an issue right now, bitcoin already reached $22k this month and compared to $3k that's really a huge difference.

People will really not invest in that huge price because when it fluctuates, it can really make them much harder to recover from losses.

Let's say that people invested on bitcoin with the amount that they can, bitcoin's price right now is unpredictable due to its volatility and if it increases more, then they should be grateful, but probably bitcoin's price in the end of the year will sink or go back to its price of $15k to $18k. So decide before it is too late.

[CryptopreneurBrainboss]

I am sure even the biggest hodlers today never felt Bitcoin would get to $100. But look at where price is today. My advice to anyone is to buy whenever you've free cash you won't regret losing and not be mindful if it's the right time to invest or not. Doubters don't take risk. Take the risk. After all, life itself is a huge risk.

My thoughts exactly, nobody believe the price will get this high from the very beginning just as many are doubting the one million prediction per Bitcoin saying it's impossible but just as the doubters are regretting now so will it been in the future. There's a feature that make bitcoin worth investing into, the fact that it'll have just 21million in circulation which some will be lost or stored off exchange says a lot about the potential the asset has to continue increasing in price provided the demand is constant.

There's this saying that goes, 'the best time to invest in bitcoin was when it launched way back but the next best time is now'. Get your hands on as much bitcoin as you can not minding the price. Invest for the future, forgetting about the short term profit and price volatility and you'll be just fine. The current price is a bargain considering what the price could be five to ten years from now.

[ChrisPop]

If Bitcoin is going to become a world-accepted standard of value/a hedge asset more powerful than precious metals, $20,000 is a huge bargain. Analysing the institutions queueing to add positions in this asset Bitcoin is on the path to become exactly that. Remember, that after investment funds, national reserves will follow. We don't know how much BTC is still really in circulation so the price could extrapolate very quickly.

[Pizzalover420]

"Bitcoin at $20,000 is it still a good price?"

No, any fiat price is not a good price, central bankers still win and enslave you.

What is the difference between 0 nothings and 20,000 nothings? nothing.

[Sophiya]

I think that if there is money that you can invest painlessly, then you can buy bitcoin at any price and in the future you will still remain in the black.  For small investors, of course, everything is much more complicated.

[Ridwan Fauzi]

Good price it is, but always observed the chart f you are gunning for short term profit, however for long term, even $30,000, it doesn't matter as bitcoin will continue to rise as its demand is obviously increasing, it will take time but that's the essence of HODL.

Become a long term investor especially in bitcoin is not easy, someone may need the ins and out of the characteristic bitcoin price movement. Can you imagine, an investor who bought bitcoin at the previous all time high $20.000? did he hold bitcoin when its price continues to fall? even its price touche $3500 two years ago, I can't imagine how their psychology.

Also, I can't imagine how their thinking when they bought bitcoin at $20.000 because the previous all time high has been passed and now its price has touched $23.800 it means just a few days they have got $2800, just compare with another place, is there any investment place which can do that? I guess no. So as they will be tempted to sell their bitcoin when they get a huge profit in a few days and they can buy again. To become a long term investor, maybe they must have good psychology so that they can regulate their emotions to decide something that was not in their previous strategy.

[Raflesia]

Those are answerable based from your belief and stand to the market. If $20K is expensive for you to buy then let it be that expensive. But if it's not, do your thing and don't regret it if you enter late or early. This market is no guarantee for those investors that have a doubt upon investing. You should have already a whole decision before buying and you need to understand that it's volatile. When it's $3k, people say it's expensive, the same with $10k and so on.

That $3k is already not an issue right now, bitcoin already reached $22k this month and compared to $3k that's really a huge difference.

People will really not invest in that huge price because when it fluctuates, it can really make them much harder to recover from losses.

Let's say that people invested on bitcoin with the amount that they can, bitcoin's price right now is unpredictable due to its volatility and if it increases more, then they should be grateful, but probably bitcoin's price in the end of the year will sink or go back to its price of $15k to $18k. So decide before it is too late.

Surely many of these people the price is too big because it has reached the new ATH, we cannot deny the difference in price because every investor always compares the prices they can afford but for me this is already big, but I assure you this is not too late, it will probably continue to rise to prices which is higher but I also think that this market movement fluctuation also needs to be controlled so that it is not only easy on my prices but the reverse, therefore we must be able to convince ourselves when it is too late or not.

[nrvasquez]

I personally hope the price of bitcoin can go up to a higher price level. however, the high price makes bitcoin unaffordable for medium and long term investment. answer your question, is it too high if we buy it? the answer depends on your investment plan. if you are going to day trade, then maybe this price fluctuation will be pretty good if you have good skills, but it will be very unsuitable for the long term when you buy it at the high price

[traderethereum]

I personally hope the price of bitcoin can go up to a higher price level. however, the high price makes bitcoin unaffordable for medium and long term investment. answer your question, is it too high if we buy it? the answer depends on your investment plan. if you are going to day trade, then maybe this price fluctuation will be pretty good if you have good skills, but it will be very unsuitable for the long term when you buy it at the high price

It will go up by itself at the right time. Meanwhile, you can enjoy the price, which is back to $23,400 and you can hope the price will increase higher.
I guess it can go high and break $24k soon because I see the trend back to the uptrend, so you can prepare to sell your bitcoin at your target price.
Maybe it will still go up until break $24k and then it will make a correction again. This month will be many corrections for bitcoin price. You should be ready for that.

[babykika2027]

Any BTC price that bigger than 10k is good for the industry as for me

[Becky666]

If Bitcoin is going to become a world-accepted standard of value/a hedge asset more powerful than precious metals, $20,000 is a huge bargain. Analysing the institutions queueing to add positions in this asset Bitcoin is on the path to become exactly that. Remember, that after investment funds, national reserves will follow. We don't know how much BTC is still really in circulation so the price could extrapolate very quickly.

The point still remains that, Bitcoin is yet to be tap into by institutions and world governments, with it potentials in the financial institutions may constrain me saying that Bitcoin at $20k is just a beginning into it existence. Bitcoin total supply which many bodies had understudy will trigger the bullish momentum when time come, when this happen Bitcoin won't be available to the middle class but to the elites in the society, so, buy or invest into Bitcoin now will be the best anyone will experience in years to come.

[pawanjain]

Is $20,000 still a good price or not depends on multiple factors. The first and foremost being how long are you planning to hold it.
If you are someone like me who's planning to hold bitcoin for a very long term (10 - 20 years) then surely yes $20,000 it still a good price to buy Bitcoin.
If you are just a short term trader who wants to buy bitcoin and wants to sell it in short term then you should consider waiting for a correction of bitcoin's price.
We all know how bitcoin has jumped in price lately and this only means that a correction is inevitable. This is what history has shown us.

[DECABEATZ]

BUYING BITCOIN AT 20K IS A NO-BRAINER JUST LOOK ITS AT 26K NOW IN A WEEK!! IT WILL BE 50K BY END OF 2021. ALL EXPERTS ARE SAYING THIS. DONT WAIT TOO LONG OR YOU WILL MISS THE BUS!

[Rimon365]

Yes, I think this good price. If we saw the chart we see that bitcoin already crossed $28000. This is great news for every bitcoin lover. Last 3 month bitcoin will pump 3x. I think soon bitcoin will cross $30k.

[Mrsonutiten]

I have seen the same discussions back in 2014 after 2013 bull run... will appear constantly with bitcoin discussion. Everyone during these years was an idiot that had bought 1 btc for 1K usd.
There was even some suicide due to this crash... however take a look now of the market.
it was really insane buy 1 btc at 1K usd?

[idrisalomagold]

That chart is pure bull fuel. We'll see if it holds in the future.

Charts like this can be self-fulfilling prophecies.

I don't think 20k is moon, it just sounds like chump change for what Bitcoin could get up to, but despite its large marketcap the technology and usability is not there just yet. As always if you're not ready to kiss all that money good-bye, don't invest it in bitcoin.

Agree, everything that is happening right now on bitcoin market constitutes institutional traders and btc has not yet proved to be at its possible position to consider useful as it departs its meaning of "peer to peer" as being "store of value".