The recent rise in prices, temporary or more long term?

[AndySt]

Agreed, and in the past when the market turns bullish some try to manipulate the market through some fake news. This time there is no such problem and even if something comes out, people aren't reacting to it. Next is about the security, to manipulate the market exchange hacks are circulated as a news. This time we don't experience anything likewise, and this makes me believe that the growth is long term.

I would still not count so much on the market's immunity to bad news. The market is a rather unpredictable thing and for sure there may be such bad news that the market will still react to or the flow of good news will dry up and some of the market players will want to take a profit. I also hope for a long period of growth, as long as there is a policy of government stimulus, but corrections are inevitable.

[1714659668]

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[henmark]

I would still not count so much on the market's immunity to bad news. The market is a rather unpredictable thing and for sure there may be such bad news that the market will still react to or the flow of good news will dry up and some of the market players will want to take a profit. I also hope for a long period of growth, as long as there is a policy of government stimulus, but corrections are inevitable.

There will be corrections as long as the market exists, like you said I agree on that. The good thing about the rise of bitcoins this time is that there are big names coming into the scene and they are not just advertising or supporting bitcoins but also using it and recently tesla announced that they will accept bitcoins as a means of payment for the cars they sell.

Such type of announcements are pure gold for the growth of bitcoins because Tesla is the best car company and them accepting bitcoin means there will be others who will follow the same path and accept bitcoins as payment. Maybe they can accept ETH and others too which would fuel the whole crypto community as a whole.

[SaShiRaJaVu]

As long as we are hearing about news about huge investments coming into the market the price will rally and you cannot predict when these institutional investors will book their profit and once they book their profit the market will go down drastically and it is not a big surprise and you do not need any skills to predict that but to understand their plans you need to have either insider information to book your profit on time.

[DrBeer]

Most likely, this time a new level of Bitcoin price fixing and cryptocurrency market capitalization will be reached. Then there will be a "sideways trend" with minor fluctuations. Today the crypto market looks more "stable" and stable against the background of 2017/2018. Many contradictions, if not resolved, then at least the intensity of passions subsided, which gives hope for some stabilization. Before which there will be a process of compensation for the accumulated "unrealized potential"

[darewaller]

As long as we are hearing about news about huge investments coming into the market the price will rally and you cannot predict when these institutional investors will book their profit and once they book their profit the market will go down drastically and it is not a big surprise and you do not need any skills to predict that but to understand their plans you need to have either insider information to book your profit on time.

I think even if some institutions or companies suddenly divest their portfolio that won't cause too much of an impact because there are many of these big investors in the market and although there will be negative impact on the market when one of these whales/institutions dump their coins but they cannot actually pummel the market completely.

It is understandable if the price falls down by 5k but I don't see the price swinging by more than 10k within a month unless there is some conspiracy and all these investors group up to plan the dump of the market by selling together, which is near impossible. Different investors from different country, culture and field cannot collaborate suddenly.

[migolmigol]

BTC and the cryptocurrency market has always been volatile ever since. There are a lot of factors that affects the supply and demand of these and for now, it was greatly affected by the statement of one of the most influential person we all know who he is. In my perspective, this may also lead for other great personalities and businessman or even politicians to try out the crypto market and so increase it's demand again. So I would say this may be a long term rise and we can expect it to go even higher after pandemic.

[just_Alice]

I would still not count so much on the market's immunity to bad news. The market is a rather unpredictable thing and for sure there may be such bad news that the market will still react to or the flow of good news will dry up and some of the market players will want to take a profit. I also hope for a long period of growth, as long as there is a policy of government stimulus, but corrections are inevitable.

There will be corrections as long as the market exists, like you said I agree on that. The good thing about the rise of bitcoins this time is that there are big names coming into the scene and they are not just advertising or supporting bitcoins but also using it and recently tesla announced that they will accept bitcoins as a means of payment for the cars they sell.

Such type of announcements are pure gold for the growth of bitcoins because Tesla is the best car company and them accepting bitcoin means there will be others who will follow the same path and accept bitcoins as payment. Maybe they can accept ETH and others too which would fuel the whole crypto community as a whole.

Will others follow, though? Now that some other companies have already shown their interest in Bitcoin, and with the largest investor being Tesla is there really a point in investing for others, knowing that they won't have much influence on the market? Apart from the FOMO, maybe. But given the fact that the investor-company stock's volatility will most likely be increasing, not many would risk it simply because of the fear.

Besides, Elon Musk is constantly saying different things, and the latest was calling Tesla's investment in Bitcoin "adventurous", which is kind of ambiguous and may sow the seeds of doubt in others' minds: https://twitter.com/elonmusk/status/1362598034866118658?

He also then claimed that he's not an investor, he's just an engineer, and Bitcoin is "almost as bs as fiat":
https://twitter.com/elonmusk/status/1362600676174557186?

It's almost as if Elon is admitting his regret for this investment. Not exactly the best way to make others follow your steps, IMO.

[DoublerHunter]

~snip~
He also then claimed that he's not an investor, he's just an engineer, and Bitcoin is "almost as bs as fiat":
https://twitter.com/elonmusk/status/1362600676174557186?

It's almost as if Elon is admitting his regret for this investment. Not exactly the best way to make others follow your steps, IMO.

^ He is a businessman and for sure there is a reason behind this that he know how influencer he is and probably changes every people's mindset and what he tweets on twitter. I have suspected that he wanted to say, Tesla is a far better investment, not fiat or BTC. This will probably have an effect on the BTC price when people read his tweet and saw the "BS" and the word "BTC". He is a most influential person but I can smell that he trying to manipulate BTC price and now he belongs to those big players in BTC price. Nevertheless, it is probably good if we put him on our ignore list.

[darkangel11]

This bull market is going to be different. You have not seen one like it yet.
Previously people were speculating and there were not many institutions. All the demand was coming from traders and people who wanted to join in on the ponzi scheme before it dies - gamblers.
This one will have its corrections but they're going to be shallow and weak.

[virasisog]

Institutions changed the whole market, everyone was expecting a parabolic cycle to occur where the market correction during bull-market occurs after the CNY, but the market is still growing thanks to institutional investors using BTC as a hedge fund. With every correction the market rises up since most are buying BTC or any alts during a market correction.

[kotajikikox]

BTC has risen quite a bit recently, but at a slower overall rate than in December 2017.

Given that it looks like Joe and the Ho might actually get in, I am wondering if the big rise in BTC interest is because people are using crypto to transfer or HODL their cash assets to avoid taxes.  I certainly would.  I think that if it is the case, then BTC price has quite a bit of upside left in it yet, and when (not if) biden tanks the economy, then BTC will be used even more.

What do you think of the recent price gains and if the prices will stay up or crash out?

More than 1 1/2 months after posting ,  The price of bitcoin continues to grow so i think that is enough to answer your question and this seems like a Long term growth ?
or at least we wont see another below 20,000 level.

Trump won the election.  biden was INSTALLED, not elected.  There's a difference.

But let's get out of politics because there will be a good effect in out market now ,  instead we need to move forward and accept the fact that Biden is the new president .

[LUCKMCFLY]

~snip~

In everything that is happening worldwide, there have been very good scenarios for the Bitcoin market, if we go to politics, Biden does not attack the crypto market, institutional investments are investing more and more in bitcoin, but why? Maybe they realized the potential of Bitcoin? or it will be that they handle another type of privileged information that makes them invest here and not in gold or in the stock market, anything is possible, perhaps for now a very strong correction is not foreseen, but a correction may occur and continue to grow in price In addition, the emotions that have been unleashed in people to acquire bitcoin is impressive.

In the long term, it is most likely that it will continue to be at a very good price level and the profits of those who are investing at this time will be bigger and bigger.

[Xinarae*]

The value of cryptocurrency has set a new record the price of each bitcoin has exceeded 50 thousand US dollars. The market is going up a lot and the good news for investors is that they have doubled their profits the world has changed and is improving through blockchain technology usually people want to save cash in times of crisis. But the high value of bitcoin is a blessing for them when major economies devalue their currencies as long term investments in bitcoin pay off interest in digital currencies has grown among mainstream investors.

[carlisle1]

BTC has risen quite a bit recently, but at a slower overall rate than in December 2017.

Nope there are too large difference comparing 2017 than 2020 December because the value maintained even in january while back in 2017 the value starts to fall hard in January.

Given that it looks like Joe and the Ho might actually get in, I am wondering if the big rise in BTC interest is because people are using crypto to transfer or HODL their cash assets to avoid taxes.  I certainly would.  I think that if it is the case, then BTC price has quite a bit of upside left in it yet, and when (not if) biden tanks the economy, then BTC will be used even more.

What do you think of the recent price gains and if the prices will stay up or crash out?

Stay up and the answers are obvious , we are now at  February 22 yet the value is climbing high.

Trump won the election.  biden was INSTALLED, not elected.  There's a difference.

So meaning Biden cheat the election ? do you have some proof ? or just Hear say ?

[Inkdatar]

There's a difference from previous year bull run and today. The market is bullish and many users surprised that price reach all time high up to date. It's been said that there are large instutions invest in bitcoin or adopt bitcoin that also cause of the price increase. We can say a long term since currently it is sky rocket in the market.

[redsun114]

BTC and the cryptocurrency market has always been volatile ever since. There are a lot of factors that affects the supply and demand of these and for now, it was greatly affected by the statement of one of the most influential person we all know who he is. In my perspective, this may also lead for other great personalities and businessman or even politicians to try out the crypto market and so increase it's demand again. So I would say this may be a long term rise and we can expect it to go even higher after pandemic.

I think you are talking about Elon Musk and yes he purchased 1.5 billion USD worth of Bitcoins which helped the market jump but I think there are other reasons as well because before even Elon started talking about Bitcoins the price was already quite high and there were investors like Michael J. Saylor
who were already advocating for bitcoins and spreading awareness.

The price right now is not overrated given how much the market has grown and how many users are now using Bitcoins which concludes that the rise in the prices might be solid and long term. There are some talks about Bitcoin reaching 100k which I am not sure about but have every chance of happening because if there was a time when this could happen, it is now.

[TheGreatPython]

Most likely, this time a new level of Bitcoin price fixing and cryptocurrency market capitalization will be reached. Then there will be a "sideways trend" with minor fluctuations.

The new average price after the bull run has finished should be around 40k dollars in my opinion and if things dwell well we might have a 50k dollar stable price too from where as you said it can fluctuate up and down.

As long as we are hearing about news about huge investments coming into the market the price will rally and you cannot predict when these institutional investors will book their profit and once they book their profit the market will go down drastically and it is not a big surprise and you do not need any skills to predict that but to understand their plans you need to have either insider information to book your profit on time.

What exactly do you mean by "inside information" if you could please clear. If you are talking about institutions holding money will let others know when they are selling it is never going to happen because it means they won't be able to grab the optimal value of their bitcoins.

Wonder what will happen once all the bitcoins are mined and out in the market, really get goosebumps thinking about that scenario but still think its far away right now. From there on the supply will only come down.

[sniveel]

I think bitcoin and other top altcoins will be for a long term rise. Many more people are still hodling their btc or eth because of its hype in the recent months. But in terms of other coins, we are all hoping that they will still come up in the future not just temporary, especially today where some coins' prices are not stable. It is also good if we try to check newly made projects, why not be a pre-sale investor if the project will be succesful in it's run towards crypto industry.