Bitcoin gradually clinching to $40k

[BIN-BIN]

In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?

[rydog89]

"ANYTHING IN POSSIBLE!!!!!" -KEVIN GARNETT

[sunsilk]

Its volatility can reach that price you're thinking but it can also correct before it goes there. But it's unbelievable that this time it keeps on pushing upwards when it has started during the holidays. You'll see those speculators that say that it should go down soon because it just keeps on rising but no matter what they say, let's HODL.

"ANYTHING IN POSSIBLE!!!!!" -KEVIN GARNETT

That's "is" mate.

[aliman00]

I didn't sell anything back in 2018 when market collapsed, been sitting on what I got for years, so watching this now leads me to truly belive in "anything can happen"... so no trouble sitting and sitting long term on what I have.... but I must admit it's quite spectacular to watch this 

[Wysi]

It's pretty much possible if we looks at the pace with which Bitcoin is growing but we need to consider volatility factor for long term plans. We are happy that Bitcoin is unstoppable and more institutional investments are pouring in and users like you and me who are investing as well in FOMO is also playing key factor in supporting the pump by creating a resistance level. I think $40k is not a big deal as per current market standings.

[acener]

As things are right now it really seems possible to reach it and also go way above it,
Just like what happened in $30K it didn't just reach it but it is still climbing higher.
I expect to see more ATH record from BTC this year it looks like it would continue on climbing and setting it to a higher ATH price.

[Upgrade00]

I feel the bad consequence of  the current  fast price climbing could be that  many  small and middle size BTC holders would  falter and dump while whales would continue to accumulate through  bull run seasons making Bitcoin distribution too narrow. It might "play  Old Harry" with  Bitcoin. I tend to hold  and accumulate till 100 K at least.

The way I see it, one's analysis of a currency is not affected by how much they have to invest. Small and mid investors may not be able to individually push millions of USD into the market, but this doesn't mean they are weak hands and they should sell off at every spike. There's the argument that they'll need the money more, but if you follow the advice of; only investing what you can afford to lose, you'll not be caught up in the need to sell inorder to fix basic needs.
Both whales and lower scale investors can be weak hands, many rich people and average guys alike still do not see the value in Bitcoin.

Bitcoin does not have any class barrier, like a minimum investment or legal requirements, this makes it more difficult for whales to really control the market. Imo, it will always remain open, diversified, and decentralized, and those who need it would always be able to lay their hands on some.

[Silberman]

In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?

We are in uncharted territory so any prediction no matter how wild could come to happen, 40k in just a few days may have seemed impossible just a few months ago but now it seems like it is a real possibility as it seems the average person is once again finding out that bitcoin is in the middle of a bull run, and they will buy bitcoin at any price since they will be blinded by greed, but at the same time this worries me, the faster the growth of bitcoin the more it becomes clear that we are reaching a stage in which the price of bitcoin could also take a negative direction.

[verita1]

Agree! Bitcoin looks unstoppable, I am glad who did not sell their Bitcoin, I also feel in solidarity with those who sold because they had no other option.

Bitcoin now has 70.6% of the market dominance. Although thanks to it we have a very diverse crypto market. But Bitcoin will always be the most preferred for investors.

Today is a very exciting day for Bitcoiners because they can see Bitcoin in its great bull run. It was worth the wait because even better things are to come for Bitcoin holders.

The greatest of luck to all!

[AakZaki]

yes maybe bitcoin gradually can reach a price of $ 40k or more. But the time needed certainly cannot be predicted accurately, it might be faster or maybe it will experience some corrections to reach the highest price again. When the price of bitcoin hits the price of $ 30k it is pretty awesome. It exceeds the previous ATH and continues to score new ATHs again. Bitcoin's dominance is on the rise and several FOMO's are making BTC's price continue to rise.

[eaLiTy]

I feel the bad consequence of  the current  fast price climbing could be that  many  small and middle size BTC holders would  falter and dump while whales would continue to accumulate through  bull run seasons making Bitcoin distribution too narrow. It might "play  Old Harry" with  Bitcoin. I tend to hold  and accumulate till 100 K at least.

The institutional investors are having a grip on the market and we will see the market rally as long as they invest and they could manipulate the market with the level of investment they are pouring in and i wonder what happens when they plan to book their profit. The market will go for a major correction when that happens and curiously watching the market as it breaks all the resistance with ease.

[nelson4lov]

The recent BTC price increase keeps making me wonder if there would be people that would happily buy bitcoin at $40K while fully understanding the risks? Because if anyone buys at this prices, the closes they'll get to 100% in profit for holding onto it is ~$60,000 prices and that doesn't seem viable to me for now. At this point, I think we should be expecting a market correction in the next couple of days or weeks. It won't take long now before an army of shorters and sellers come in to push the price down. I would advise everyone not to get two carried away with Bitcoin's price and take profits if necessary.

[khaled0111]

I regret selling most of my coins at 10-11k. The price kept fluctuating between 10k and 14k for months and didn't expect it to rise this fast otherwise I wouldn't sell.
Judging by how bitcoin price jumped from 20k to 30k in few days, I wouldn't be surprised if it reaches 40k by the next week.
What's concerning though, is that we didn't see any real correction or they didn't last for more than few hours which is not a good sign in my opinion.

[Quidat]

In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?

People recently are just aiming for 30k or 35k in price on when we would able to breached or break that one and now that we had seen on how the price breaks
then we do aim for something higher which it is just a normal human being reaction to ask for more.I didnt even expect that the price will rise up upto 32k so easily
The price had made out some correction in 31500 and its safe to presume that this will be a better re-entry for you to make out some short term positioning yet the price might
really shoot up in next few hours or days to come for you to make profit.It isnt a guarantee but if you would take risk then you can potentially make money.

[24Kt]

Now I am sure bitcoin will hit $40k within FEB before we see any corrections. However, It might have a big drop before hitting $40k as well. It's a very risky trade right now, if you plan to long or buy bitcoin on top will feel long-term pain just like in 2017. So be careful if you buy $40k bitcoin because remember the bear market is longer than a bull market.

Don't get your hopes up. Everything is possible and we may see correction instead of going up. Reaching this level is already a great achievement for bitcoin. Though we know, that we should not expect the ladder to be always in the upward direction, because at any given moment in time, we will see it go down, just be prepare on what's gonna happen with your investments. Strategize and think of contingencies.

[Crptomagma]

Bitcoin can reach any amount as it’s possessed high volatility. We have experienced the bull run and optimistically there are many more bull run for bitcoin to exercise so if it’s gradually climbed to $40k, honestly speaking I won’t be much surprised.

[Bluto]

One thing is for sure. This time has not and will not be the same as 2017 due to the loss of trust in Fiat currency, which leads more and more people into investing into other kinds of currency. And since gold stocks are too expensive for some and bitcoin prices are climbing by the hour, it seems logical to invest in BTC rather than save up for gold or just let your money lose its value. So I think that Bitcoin will, if not surpass 40k, at least get very close to it before there is any kind of correction in the market.

[SoryuMaiden]

In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?

I agree. It might hit $40k within this month if it continues its uptrend. However, We haven't seen yet the correction in the graph of BTC since September, I believe. I think there will be a point within this year that its price will drop drastically, and some small BTC holders might do a panic selling when that happens. I also agree that this crazy increase in BTC value is brought by big whales trading BTC within themselves. I don't want to be a Nostradamus guessing what is happening behind the scene, but I'm just a bit skeptical with how it continues to increase when there mining of BTC continues.

[yazher]

In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?

With this state of the market the $40k mark is possible soon we still in the first week of January and we witness such an event. $32,390 is truly amazing when I was looking at the price yesterday, I thought it will stop at that high but I was wrong, and see this price in the morning today. I think the price would rise even higher than this and no news or whatsoever bad opinions by some so-called known people will change the course of the price today.

[dupee419]

When the price actually struck at 20k usd, a lot of speculators speculated (you see what I did there   ? ) that the price won't reach 30k anymore but even after all of those  guesses, the price still went upward and hitting 30k, I don't think it'd be a bad idea to hold it up and don't mind these other speculators that the price may go down,  but it's definitely up to you if you want to be sure of getting the profit or lose profit if the value suddenly goes down.