Bitcoin just smashed through $30k

No problems. Happy new year everyone! Onwards and upwards!

Quote from: Bergkampsballs on January 02, 2021, 12:25:20 PM

No problems. Happy new year everyone! Onwards and upwards!

That's really big. The price keeps moving upwards, which has made the New Year more enjoyable for the Bitcoiners. Along with the increase in the price, there is rise in the dominance level of Bitcoin. This is expected growth, and further we don't know whether some form of price correction is gonna happen or it is gonna move gradually upwards. Hodlers need to observe the market very close, to mark the profit at the peak.

It really smashes it but I am afraid that there will be a dip in the coming months. Lets hope i am wrong.

Another potentially big psychological barrier is behind us.

It's funny how it's difficult to form a resistance on uncharted levels in a bull market.
When you go down from the top you see the levels that acted as resistance before and prepare to buy at these levels because they could become support for bounces. When you go up to new levels you just roll with it and this is what's going on. People will be buying until they run out of money.

Quote from: dre1982 on January 02, 2021, 12:31:41 PM

It really smashes it but I am afraid that there will be a dip in the coming months. Lets hope i am wrong.

Same thing everyone has been afraid of since it touched $20k it still does not relent or show any form of smashing.

Quote from: dre1982 on January 02, 2021, 12:31:41 PM

It really smashes it but I am afraid that there will be a dip in the coming months. Lets hope i am wrong.

With so many large investment companies looking at what Microstrategy and Grayscale have been doing and looking at Bitcoin as a long term store of value, I am struggling to see how any large dips make sense at the moment.

Quote from: Bergkampsballs on January 02, 2021, 12:25:20 PM

No problems. Happy new year everyone! Onwards and upwards!

This is the start of a great year for Bitcoin, because Bitcoin has shown its strength and for those of you who are still doubtful about Bitcoin, then you will regret it in the future, because I am sure the price of Bitcoin will continue to increase and of course my second target has been reached (selling 35% of my Bitcoin at $30k), and the next step is to wait until the price of Bitcoin increases to $35k, because my target price to sell Bitcoin is :
1. selling 30% of my Bitcoin at $28k
2. selling 35% of my Bitcoin at $30k
3. selling 35% of my Bitcoin at $35k

The price is doing impressively well, I was not expecting this. However, I don't think it can hold onto it for much longer, the correction should happen eventually. And I don't mind it happening, actually, because I've come to the point when I stopped caring much whether it's $10k, $20k or $30k. What I want to see is whether Bitcoin actually becomes more usable to purchase stuff as the price grows because even though it has its troubles, I still want to see Bitcoin working as money within my lifetime. And I know there are shops and other places around the world that accept Bitcoin, but the selection is extremely limited.

Whoops got so excited I actually accidentally deleted my post, had to repost this haha! 2 days late or we could have marked 2020 with 30k, but I'll take this any day of the month for sure;)

Still wiping my eyes at this price. It was for sure coming, but seeing it hit now and stay pretty firmly on track to stay this way for at least the next 24 hours, healthy volumes as well, and on a weekend too!

Welcome to 2021 people!

Quote from: kryptqnick on January 02, 2021, 01:06:11 PM

I think Bitcoin got this value more as a store of value as in a year like the pandemic one of 2020 people started looking for alternatives to gold.Bitcoin was the first to come to mind and I think partially this increased its value to this awesome amount of 30K.I hope it will start to be implemented a whole lot more than it is actually implemented and that can add to it even more value and it can reach that 100k we all have talked so much about.

it may be excellent news now but until we are purged of the majority of the whales it will have a massive dip post FOMO 2017 where there was a heap of profit taking then the inevitable race to the bottom.

it may be less likely now that it has matured as more solid institutional money has bought in...though i dont think satoshi wanted institutional money to bring it stability as it semi centralizes it.

take the wins where you can.

12:20PM: Bitcoin smashes $30k!
13:38PM: Bitcoin smashes $31k!

Grin

It's really a great news for everyone and because of this, it will attract more investors and the adoption of bitcoin will keep on increasing. We don't know when it will end because until now bitcoin still increasing. A happy new year to every one here in crypto.

Hopefully it will continue to increase. We still have a good situation that can make its price up more than now. Yeah, we still in the pandemic situation where a lot of country still focus to create a lot of money and as we all know it gives a good effect for bitcoin price movement.

A good start from bitcoin for the new year can make many investor still hold their bitcoin even increase their portfolio. I'm so curious where bitcoin can touch its new all time high $50.000 or $100.000? We must collect bitcoin as much as we can before it's too late.

Quote from: Bergkampsballs on January 02, 2021, 01:51:29 PM

12:20PM: Bitcoin smashes $30k!
13:38PM: Bitcoin smashes $31k!

Grin

And one hour later the $32k and two hour later $$33k.

Don't know what is happening but I like it.

Quote from: dre1982 on January 02, 2021, 05:59:47 PM

And one hour later the $32k and two hour later $$33k.

Don't know what is happening but I like it.

It's getting silly isn't it. Silly as in good silly

Quote from: Bergkampsballs on January 02, 2021, 06:18:18 PM

Quote from: dre1982 on January 02, 2021, 05:59:47 PM

And one hour later the $32k and two hour later $$33k.

Don't know what is happening but I like it.

It's getting silly isn't it. Silly as in good silly

Indeed. Everything i am seeing the newest proce i am surprised. It just keeps rising. I am expecting a big drop but it didn't come yet. Maybe it will never comes.

It looks like a fairytale when it comes to bitcoin's recent pump wherein it break all the barriers and proved critics false when Bitcoin crossed $30k but it's bit scary to even imagine how market will react to any possible dump from whales, are whales losing control of price manipulation due to new investments or else is a long trap or this is how things are going to be for nect one year or couple of months ?

Happy new year. What a wonderful day and year to be alive as bitcoiners.

I’ll make a price prediction for this peak: $127,300.

Also, with the vaccine, I hope we can put this stupid corona virus behind us, and enjoy life for all it has to offer.

This is a sign that 2021 will be more better than 2020. Bitcoin indeed has prove that it remain the king among other cryptocurrencies with steady pumping from $29k in 2020 to $32k in 2021 which is really causing many customers a great joy. New year new system, that is to show that bitcoin will reach $60k before 2022.