Bitcoin hits $40k

[Sithara007]

Lol, sometimes bitcoin takes a break as well, and that is what we've seen in the last 7 days or so. Took a breather around $33k and then move forward to $40k again. So there's no $50k or $60k celebration at least. We need to wait till the end of the month and see how it goes.

And I would say that let the market takes it normal course, we don't need some artificial price action. Don't you worry, we might going to celebrate later, so hold on.

I am an investor with more than 7 years of experience in Bitcoin (having made my first investment in 2014). What I would say is that the temporary dips that you see nowadays are quite different from what we had during the earlier days. Now even if the exchange rates dip by 20% or 25%, they recover back to the previous levels in a few days. A few years back, that was not the case. The prices would remain suppressed for many months. This is the reason why I believe that there is a huge gap between demand and supply out there in the market.

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[Rayaankhan]

The price of Bitcoin was a hit of 40k thousand dollars. But last week, the price of Bitcoin fell again. The current price of Bitcoin is  38058$. I think Bitcoin will break the previous record and set a new record again and that will be within this week. The price of Bitcoin will go from 40k to 45k thousand dollars in a few days. If the price of Bitcoin hits 45000 dollars, then it is very good for all holders and investors.

[Daltonik]

Bitcoin price will rise to $115,000 by August 2021, Dan Morehead CEO of cryptocurrency hedge fund Pantera Capital, confirmed his forecast. Reported by Blockworks 

 

[TravelMug]

Lol, sometimes bitcoin takes a break as well, and that is what we've seen in the last 7 days or so. Took a breather around $33k and then move forward to $40k again. So there's no $50k or $60k celebration at least. We need to wait till the end of the month and see how it goes.

And I would say that let the market takes it normal course, we don't need some artificial price action. Don't you worry, we might going to celebrate later, so hold on.

I am an investor with more than 7 years of experience in Bitcoin (having made my first investment in 2014). What I would say is that the temporary dips that you see nowadays are quite different from what we had during the earlier days. Now even if the exchange rates dip by 20% or 25%, they recover back to the previous levels in a few days. A few years back, that was not the case. The prices would remain suppressed for many months. This is the reason why I believe that there is a huge gap between demand and supply out there in the market.

Of course, a lot has change then, even bitcoin's narrative has shifted as well, and again, it could still be a speculative asset, and now its becoming a leverage for big companies to hedge as reserve assets. That's why it can quickly bounce back from temporary dips unlike a few years ago, when that happen, investors are afraid to go in and think bitcoin is dead.

Talking about the huge gap between supply and demand, https://www.coindesk.com/crypto-buyers-face-possible-limitations-on-etoro-this-weekend

[Sithara007]

Of course, a lot has change then, even bitcoin's narrative has shifted as well, and again, it could still be a speculative asset, and now its becoming a leverage for big companies to hedge as reserve assets. That's why it can quickly bounce back from temporary dips unlike a few years ago, when that happen, investors are afraid to go in and think bitcoin is dead.

Talking about the huge gap between supply and demand, https://www.coindesk.com/crypto-buyers-face-possible-limitations-on-etoro-this-weekend

Yeah.. I checked the article about eToro. A number of local exchanges are facing liquidity issues. Even here in India, the markup for purchasing Bitcoin through various P2P platforms have risen from 2% to more than 20% ever since the current rally started. Larger exchanges are still maintaining the liquidity. But in the smaller exchanges, there is a huge gap between demand and supply.

[MICROS0FT]

will bitcoin ever break the 4X K mark? doesnt really stay for long

[markleal]

Currently, it seems that bitcoin is having a hard time breaking the $40k mark. It seems to create a triangle formation that would last for more than a few days before it could show another movement. But I hope that it shoots up to the moon again and try to hit the $50k mark before the end of this month.

[touseefahmad1999]

Mate Bitcoin potential more powerful for future. Bitcoin has already break 41000$ to 42000$ In December. Those investor who has hold bitcoin they take out huge profit. But bitcoin moving graph everyday up and down last some before days. Bitcoin reached at 30k so it is the part of crypto. Bitcoin bearish temporary Time but mate hope bitcoin will touch 50k usd in the end of this month

[South Park]

The way bitcoin price is rising in the market, is a sign that this year 2021 will be the best year for all bitcoin users. The price of bitcoin move from $27k to $40k from the beginning of this year which many customers are very happy with their trading in the exchange market.
According to researcher, this is just the beginning for the price of bitcoin, by next two month the price of bitcoin will hit $50k to show, this year will be good for all bitcoin families all over the world.

don't rely too much about these researchers. but good to know about their positive perception towards bitcoin. this year is indeed a good one. first time to hit the mark of 40k and we are just starting the year. there's sudden drop, which, is inevitable by all means, but look at what we are heading now, we are approaching the $40k again. $50k is possible but you need to be alert on what's gonna happen here. up and down movement will always be there. so if you want to take advantage of the market, scalping may be of your advantage here

Correct, for someone that is just curious about what the future of bitcoin could look like then seeing the predictions of others is completely fine, however for someone that is planning to actually take financial decisions depending on how the price of bitcoin moves in the future relying on the advice of someone else is always a losing move, it is way better to learn how to trade and read the markets by yourself and then try to predict what the market will do on your own.

[AbernathyFray]

will bitcoin ever break the 4X K mark? doesnt really stay for long

Bitcoin is a store of value.  Think of it like a retirement account. There will be up days and down days.  Up weeks and down weeks.  It has been holding above $35k for a few days now.  It's fluid and scarce.  Over time, it WILL be worth more time.  Fiat will be worth less.  Choose wisely.

[bryant.coleman]

The M1 money supply for the United States Dollar has almost doubled in just 12 months. This will have a huge impact on inflation in the coming years. Assets which are protected against inflation, such as gold and Bitcoin are expected to rally. And even more worrying is the fact that the stimulus measures are expected to continue for at least one more year. This will further devalue the US Dollar.

[rokon1234]

Happy to see a new ATH of BTCBTCBTC
The dominance is such a beauty to be-hold  

Rising bitcoin price is really good news for all.This year bitcoin break all record and i hope next year bitcoin price touch $60k.but, it's really risky time for all bitcoin holders.

[South Park]

The M1 money supply for the United States Dollar has almost doubled in just 12 months. This will have a huge impact on inflation in the coming years. Assets which are protected against inflation, such as gold and Bitcoin are expected to rally. And even more worrying is the fact that the stimulus measures are expected to continue for at least one more year. This will further devalue the US Dollar.

There is simply no way around this, governments are trying to justify their policies using modern monetary theory, but that theory is nothing but a bunch of wishes, it took us a long time and a lot of suffering but we understand now very well how an economy works and printing an unlimited amount of money forever is simply not sustainable and inflation sooner or later is going to raise if they keep printing money, but unfortunately for them they are going to be trapped in a cycle from which they cannot get out and the only way forward will be to print even more money and that is when assets like gold and bitcoin will really shine.

[Bianca McMann]

 ;DI think Bitcoin will continue to rise, and I hope that Bitcoin will create new history and follow it forever. 40k is just the beginning!

[bryant.coleman]

The M1 money supply for the United States Dollar has almost doubled in just 12 months. This will have a huge impact on inflation in the coming years. Assets which are protected against inflation, such as gold and Bitcoin are expected to rally. And even more worrying is the fact that the stimulus measures are expected to continue for at least one more year. This will further devalue the US Dollar.

There is simply no way around this, governments are trying to justify their policies using modern monetary theory, but that theory is nothing but a bunch of wishes, it took us a long time and a lot of suffering but we understand now very well how an economy works and printing an unlimited amount of money forever is simply not sustainable and inflation sooner or later is going to raise if they keep printing money, but unfortunately for them they are going to be trapped in a cycle from which they cannot get out and the only way forward will be to print even more money and that is when assets like gold and bitcoin will really shine.

Gold prices are not rising only because a lot of people are selling their gold holdings (especially in countries such as India). The COVID 19 pandemic has left a lot of people in difficult financial situation, and many of them are forced to sell their gold coins and jewelry. However, this hasn't caused a crash in the gold prices, because the demand is equally strong. In fact I would even say that gold would be witnessing a rally similar to what we have with Bitcoin, if the pandemic was not there.

[Gcrypto786]

;DI think Bitcoin will continue to rise, and I hope that Bitcoin will create new history and follow it forever. 40k is just the beginning!

Bitcoin is falling back to the price of $34k and still struggling below the $40k. Bitcoin's target was to reach the price of $50 in the upcoming time and this prediction will soon be achieved.

[Sigrid Percy]

bitcoin next goal is 50k. I'm sure it's not far off.. :-*Bitcoin will change the financial system of the entire world.

[marcbitcoins]

The price value of Bitcoin has been going up faster within a shorter period of time. It took years for bitcoin to go from $1 to $20,000 and it took days for it to reach $40,000 which is alarming. Judging from this trend in no time 1 bitcoin would be worth $50,000 within this year. Lets just wait and see after this latest price correction.

[telescopictube]

I hope it continue to increase

[budi691]

the beginning of the year Bitcoin's rise was so fast that it reached $ 40K in mid-January,
but there will definitely be a correction so it will return to $ 35k but I'm sure it will come back to $ 50k more, but it won't be too soon
Congratulations to everyone who has held Bitcoin for the taste of going to the moon