TO THE MOON!

[DustyRah]

The way Bitcoin has spiked as the Monday rolls in, there is a wall of ca$h rolling into it. We are off to the moon to say the least. Bitcoin will easily head past $100k next year and a $1 million Bitcoin is very much plausible after the 2028 halving.

Want to retire? Buy a single Bitcoin today.  

BTW, the train is starting to leave the station, ALL ABOARD!!

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[Wilhelm]

This year will be more like $70k to max $100k IMO.

The next halving is in march 2024 so $300k-$500k in march 2025 or so.

Then in 2028 it is likely to halve again. Then in 2029 BTC could be way higher than $1M.


Having said that these numbers are insane

[BrewMaster]

when the initial correction after reaching nearly $20k occurred a lot of profit was in the hands of traders that is now going back into bitcoin pushing the price up. and as the price goes up a lot of new investors show up with a lot more money.
this is all just the start...

Want to retire? Buy a single Bitcoin today. 

you can't retire with only $1 million.

This year will be more like $70k to max $100k IMO.

i don't think we can see such a huge bubble in only 1 month. we are just starting the slow rise to break the previous ATH. at least 6 months is needed after that for the big rises to start then we can expect a bubble.
but by that time the bubble won't be at $100k, it can be at much higher at $400k this time.

keep in mind that last time price went nearly 20x higher than the previous ATH which is 20x $20000 = $400k

[mk4]

Want to retire? Buy a single Bitcoin today. 

you can't retire with only $1 million.

Not unless you move to a decent 3rd world country! Probably only downside is the crappy(or non-existent) healthcare. But other than that, almost everything's cheaper lol.

[Sanitough]

Here we go again, look like the FOMO has already invaded the forum too.
Well, I can retire with $1 million but I will still play with crypto, when you are making money in crypto, there's no stopping you.

I don't know when would that happen but I believe as long as I stay here, invest with bitcoin, I could achieved that.

Remember we are just in $20k soon, I don't want to overreact.

[dothebeats]

Just like what I hinted, we would be sitting comfortably on $16000 - $17000 since people have taken profits, returned some of the coins in the market, and bought back again once there was a sudden change in exchange's trading volumes. We might as well see further pushes from here up to $22k - $23k as the maximum upside potential for at least this term, as most sells are settled on those ranges. Then again we might see those being removed almost immediately if the buying pressure continues to overwhelm what the sell side has to offer.

[jtipt]

$25-30K to end the year? 30k seems like most realistic goal to me till year end. People with weak hands are definitely going to sell at 20k. 20k is also a huge mental barrier to break imo.

[boyptc]

Likely to break the 2017 ATH. $19652 the price that's seen today.

Things are getting exciting this time. It made nearly 3 years for bitcoin to be seen @$19k again and when it has dumped, the recovery was very quick.

Yeah, the moon's for the boys, and Lambo folks might be seen again posting everywhere.

[fourpiece]

Likely to break the 2017 ATH. $19652 the price that's seen today.

Things are getting exciting this time. It made nearly 3 years for bitcoin to be seen @$19k again and when it has dumped, the recovery was very quick.

Yeah, the moon's for the boys, and Lambo folks might be seen again posting everywhere.

Fingers crossed!! Bitcoin will break its ath by tomorrow,  what a good start for the last month of 2020. Fasten your seatbelts and be ready because bitcoin will gonna lauch the rocket going to moon.  This will be the best christmas ever!!

[DustyRah]

Want to retire? Buy a single Bitcoin today. 

you can't retire with only $1 million.

It depends on your current age and at what age you plan to retire. A lot of us are in our 30s and have ample time for Bitcoin to reach several million dollars before we retire. Also, people in most countries can comfortably retire with $1 million though not here in the USA.

[hugeblack]

Everything is very possible, as is inflation and the increase in the monetary mass due to the printing of a lot of money, which may create an economic crisis that may lead the price to crazy speculation.

when you want to invest take all possibilities into account. The bright picture is not always the truth. Rather, there may be dark levels when we break the $ 20,000 barrier and return again to $ 9000 or less, so always keep enough cash to enter the market again whenever there is any collapse in the price.

[NeuroticFish]

Want to retire? Buy a single Bitcoin today. 

you can't retire with only $1 million.

I agree with both of you.
Normally you can't retire with only $1 million indeed. I've read at some point that a good minimum is $3 million. But if Bitcoin reaches $1M, the $3M is not that far, actually in a/the following market cycle it'll be reached.

[exstasie]

The way Bitcoin has spiked as the Monday rolls in, there is a wall of ca$h rolling into it.

"New Money Monday" as they used to say.

We are off to the moon to say the least. Bitcoin will easily head past $100k next year and a $1 million Bitcoin is very much plausible after the 2028 halving.

Very high dollar volume on the weekly, and also relatively high volume wicking through $19,8xx today. I would like to see the previous ATH broken with authority before declaring we're off to the moon. If you'll recall 2017, the 2013 ATH was tagged in January before a steep correction, then we spiked through it in March before another steep correction back below.

[stompix]

Want to retire? Buy a single Bitcoin today.  

you can't retire with only $1 million.

Not unless you move to a decent 3rd world country! Probably only downside is the crappy(or non-existent) healthcare.

But, the one million in this scenario will be reached in 2029...On what do you plan on living till then?  

The most important thing of all, who still thinks that a million $ in 2029 will buy you the same things 1 million does now? Even with a 3% inflation rate, you're looking at 750k instead of a million, and remember that the printing machine is in full swing, it takes just 6% to halve your future earnings.

Decent and 3rd world country? That doesn't make a lot of sense, if a country is "decent" is by no means 3rd world. And I would have healthcare the last thing on my mind, the first is the bureaucracy that might end taking half of my money and crime that might take the rest. Probably the safest pic would be the Baltic countries or the Visegrad group, 1 million (now!) would suffice for a noncapital city, but only if you're in the 50 already. One million will not help you live too comfortably if you start at 40!

[Reid]

I just noticed now it's back to $19k.
Wow. That's fast.
There is a huge difference between what happened in 2017.

I really thought it will be pushed down again and make a new bottom at $15k then it will slowly generate a new ATH.
The volatility is not new but damn this is really profitable for traders now.
A couple of days ago I read someone buying below 17k and now he just made 2k that fast.  

[DustyRah]

But, the one million in this scenario will be reached in 2029...On what do you plan on living till then? 

Well, in order to 'retire' you have to have a job or do business now. That job or business is what people live on till they 'retire'? Does that make sense?

[DustyRah]

Cracked through the ATH based on the chart at Bitstamp.


remove quotes from string online

[carlfebz2]

Likely to break the 2017 ATH. $19652 the price that's seen today.

Things are getting exciting this time. It made nearly 3 years for bitcoin to be seen @$19k again and when it has dumped, the recovery was very quick.

Yeah, the moon's for the boys, and Lambo folks might be seen again posting everywhere.

Expect for those lambo and to the moon post yet we have seen this price again which i do thought that we might not able to see these numbers.I did really have a feeling when bitcoins
price did correct in 16k price and it did stop and did able to recover that fast.I was really shocked when i waked up that the price had already touched almost 20k.

Im not really that easy to have some boost up and do look for further possible price in upcoming years to come. $30k for this year? If this run wont stopped then we might able to
but im not really that expecting much.How much more on future years talking a million per coin? thats too exaggerated.

[exstasie]

I just noticed now it's back to $19k.
Wow. That's fast.
There is a huge difference between what happened in 2017.

Maybe, maybe not. What's happening right now is exactly what happened the first week of January 2017: price went vertical from ~$800 and touched the previous ATH at $1,175. Then the market crashed back to $750, a 36% drop.

All we know is we haven't seen a pullback like January or March 2017 yet. Since the market is still trading below the ATH, the possibility is definitely still there.

[Wilhelm]

when the initial correction after reaching nearly $20k occurred a lot of profit was in the hands of traders that is now going back into bitcoin pushing the price up. and as the price goes up a lot of new investors show up with a lot more money.
this is all just the start...

Want to retire? Buy a single Bitcoin today. 

you can't retire with only $1 million.

This year will be more like $70k to max $100k IMO.

i don't think we can see such a huge bubble in only 1 month. we are just starting the slow rise to break the previous ATH. at least 6 months is needed after that for the big rises to start then we can expect a bubble.
but by that time the bubble won't be at $100k, it can be at much higher at $400k this time.

keep in mind that last time price went nearly 20x higher than the previous ATH which is 20x $20000 = $400k

I f’ed up 70k to 100k in 2021 I meant