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

[BrewMaster]

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

whatever it was US has shown its true dictatorship face that lacks any democracy even though they always boast about it. basically the current man in power called for chaos, looting and all kinds of illegal shit.

in any case, the only thing that we care about is that US dollar will tank more than before and that will fuel the bitcoin rocket to the moon.
as a matter of fact a good incentive for the current bitcoin buying frenzy is the failing economy and the huge amount of money that has been printed and i have been warning about for the past couple of months.
the more chaos they create the more people would flee to bitcoin.

[South Park]

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?

We will have to see, personally despite the growth being slower than what we saw in 2017 at the same time this was obviously going to happen as bitcoin is bigger than at that moment, however the growth is still too fast, if this continues I have no doubts that a crash will come, I do not know when but the rate of growth that we are going through is simply unsustainable, however I do not think the price will remain static as it did during 2018 as there are many incentives for people to buy bitcoin once it crashes.

[Gozie51]

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

The crash people are expecting isn't going to be as bad it was after 2017 bull to the 2018 year. It may happen with the end of the when whales sell off hodling. But if we look at deep falls, we may be having a different idea to the past experience.

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

What is the relation of the whole of your post to what you have said about the US election and swearing in lol

[Smartprofit]

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?



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

In my opinion, the existing financial system has reached a dead end.  

This is the real reason the price of bitcoin skyrocketed to $ 40,000 or more.  The scandalous US presidential election is a consequence, not a cause.  

The external debt of developed countries is so large that tax revenues cannot solve the problem of paying off this debt.  Issuing modern paper money is simply creating it out of thin air.  

But the biggest problem is how to distribute them among the citizens of the country.  They cannot be distributed in the form of dividends or wages, because this money has nothing to do with the goods (works, services) produced.  

This is the main reason for the rise in stock prices in the stock market and the appreciation of bitcoins.

[Ridwan Fauzi]

The current bull run for bitcoin price movement has given bitcoin price up and up, almost all price movement never meet a correction. Yeah, as you can see on high time frame 1 month, 1 week even 1 day. At least it will give you a sign, when the bearish market come due to the bad information coming I bet, it will be bad dream for bitcoin price movement. The price movement just fall and fall, maybe there is situation that can make bitcoin price up for a while. Just be carefull of it, we may need to take all the opportunitiy for this situation but we have to be careful as well for the bearish market will come.

[Oasisman]

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

The crash people are expecting isn't going to be as bad it was after 2017 bull to the 2018 year. It may happen with the end of the when whales sell off hodling. But if we look at deep falls, we may be having a different idea to the past experience.

At this current rate we are most definitely can say If a crash will happen it won't be as bad as the 2018.  Though anything could happen, but a bad crash at this current range would be the $15,000 mark at the very least, worse would be below $10,000.
This current bullrun won't show signs of weakness. I guess the most awaited crash might not going to happen sooner.
Maybe when Bitcoin reaches $50,000. I don't know. Nobody knows.

[TheUltraElite]

Have you ever seen anything non-temporary in cryptocurrency? These are cycles. We are now seeing incredible growth, which is provoking a surge in interest in bitcoin.
Imagine what people think, realizing that 3 years ago they could buy bitcoin for $ 3000, this is FOMO.

You are correct about nothing being absolute here. Seeing how big the price of bitcoin became in a matter of weeks shows how much unregulated the market is here compared to a fiat stock market where ever small pump and dump get checked quickly and ranges of stock prices are more common.

While this means new entrants in the market are going to be low, the selling pressure will soon take over and drop the price.

I don't expect anyone to pay for 1bitcoin at this price and hence the buying support will be at lower levels. Yes this can be called FOMO to a large extent which actually pushed the price to such values but it would be worth watching if it holds.

[Haunebu]

Firstly, stop trying to mix your stupid Trump propaganda with the current BTC price increase since everyone can clearly see that you are just another pathetic Trump fanboy.

Secondly, anyone with a half-decent brain can clearly understand the fact that this price increase isn't inorganic, but a culmination of multiple big factors like COVID, PayPal, Halving etc.

The price might fall back a bit over time, but it won't be a sharp drop like back in 2018 in my opinion.

[CODE200]

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

Are there any data to support this claim? 'coz based on how I view recent market price increase, I think it is quite having a higher rate than the previous ATH wherein the market price took months, after the fork, in order to achieve the ATH while in the present, the market value is still on its progress continuously getting higher breaking new records and expectations in a short period of time. So I guess this one is a little bigger. One thing is hard to determine; until when will this market movement last. There is a possibility for a price correction to occur and also a possibility for this scenario to continue. But if we would base on this industry's nature, things will never be consistent and constant.

[MCobian]

If we learn from the bull run that occurred in 2017, it looks like the price increase in Bitcoin in January 2021 was only temporary. It is unlikely
that this Bitcoin increase will run long-term, for sure the whales will take profit and when that happens Bitcoin will start to collapse. So my advice is
to remain vigilant, because the current increase in Bitcoin is too high. According to my prediction, the Bitcoin price will soon fall.

[Argoo]

If we learn from the bull run that occurred in 2017, it looks like the price increase in Bitcoin in January 2021 was only temporary. It is unlikely
that this Bitcoin increase will run long-term, for sure the whales will take profit and when that happens Bitcoin will start to collapse. So my advice is
to remain vigilant, because the current increase in Bitcoin is too high. According to my prediction, the Bitcoin price will soon fall.

After such an incredibly high price increase, Bitcoin should fall in value. However, the most exciting question for us so far is when this will happen and how low it will fall. If about the depth of the fall in the price of bitcoin, basically everyone agrees that it will not fall too low, then no one can definitely say anything about the time of the fall.
Most likely, the bullish growth of bitcoin will still last up to two weeks. After this time, capital can begin to flow into altcoins.

[peter0425]

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

So what does this mean ? what's the connection ? if you can't even Move on about the result of your Elections then Better not Comment about the Value of Bitcoin now..

Politics are not Crypto's concern , and Let Politics out of the market , Because that sucks and really Not worth talking about.

[shoreno]

no this isnt slower as 2017 , cannot you see we climb 20k then 30k and within a few days we are now at 40k but on 2017 the price highest price btc achived are only at 20k at most and it took it almost a month  .

why elections are involved here again ? the election are over and biden already won but anyway about the price if it will increase or will stay longer i think i will said yes because we already feel the increase since last year but yet we are still going stronger the longer we move on  .

[FlightyPouch]

If we learn from the bull run that occurred in 2017, it looks like the price increase in Bitcoin in January 2021 was only temporary. It is unlikely
that this Bitcoin increase will run long-term, for sure the whales will take profit and when that happens Bitcoin will start to collapse. So my advice is
to remain vigilant, because the current increase in Bitcoin is too high. According to my prediction, the Bitcoin price will soon fall.

I see the opposite of what you are saying. I think the price will fall, that is for sure since I don't think that it would just always go up. But after that, since we are seeing this height, I think it would not start to collapse or just dump continuously. After a considerable dump of price, people would take it as an opportunity to reinvest and might start or a mark another price pump.

[TofuDefi]

If we talk about BTC/fiat it's definitely long term trend. BTC supply is limited by 21 million coins meanwhile fiat supply is always growing.

[Kong Hey Pakboy]

no this isnt slower as 2017 , cannot you see we climb 20k then 30k and within a few days we are now at 40k but on 2017 the price highest price btc achived are only at 20k at most and it took it almost a month  .

why elections are involved here again ? the election are over and biden already won but anyway about the price if it will increase or will stay longer i think i will said yes because we already feel the increase since last year but yet we are still going stronger the longer we move on  .

Indeed. The momentum of bitcoin's bullish trend is not slow as in 2017 because it is currently looking right that bitcoin already made another ATH price this week. Most bitcoin user's speculation didn't come true because we all assume after bitcoin reaches its ATH, it will go down the same as what happened in 2017.

I also don't think that the US election is involved here because the governments mostly ignore the crypto market.

[FanEagle]

Making this topic political will not gain you anything, it will not change the ideas of 80 million USA citizens who wanted Biden neither, you may cry all you want, he is going to be the president for the next 4 years and there is nothing you can do about it. You feel upset about this? Go out there and canvass for your favorite politician for the next election, you want to make the world a better place?

Start by gathering people for a good cause that will help the world. Hatred will not get you anywhere, we have seen hatred filled people storming the capitol and one of them died because of it, what was gained? Nothing. At the end of the day there wasn't even ONE single proof of election fraud, not even a single one, Rudy tried to convince judges to listen to election fraud and couldn't even find a single judge that would take him seriously and we are talking about judges installed by Trump himself. So let it be, and be the goodness in the world you want to see.

[samputin]

~
The price might fall back a bit over time, but it won't be a sharp drop like back in 2018 in my opinion.

Same thoughts here, actually. I mean, we all know that bitcoin's price is very prone to volatility. In fact, it's one of its characteristics. That's why, the price increase is definitely temporary. The question on the increase and the spike is "how long". And that, we don't have a specific and certain answer. Least we could do is to be mindful of our hodlings and know when to sell before the price dumps.

[Godday]

Have you ever seen anything non-temporary in cryptocurrency? These are cycles. We are now seeing incredible growth, which is provoking a surge in interest in bitcoin.
Imagine what people think, realizing that 3 years ago they could buy bitcoin for $ 3000, this is FOMO.

Fomo is currently quite large. and also the issues that are currently circulating Bitcoin that are traded are only 30-50% because if you read Bitcoin holders currently still keep their assets and the company is also not only one.

Right now the market price is under huge influence all those who hold Bitcoin on a large scale. but if we look at the RSI is currently at 90 and above. there should be a correction in bitcoin.

[jaysabi]

OK, I am not going to tie a Trump campaign and biden in terms of price increases on Bitcoin, because in 2017 when Bitcoin was moving up faster it also had nothing to do with a real campaign, and for now Bitcoin has actually moved with fast too, although not as fast as in 2017, but now Bitcoin has been able to break the ATH record he has ever achieved,

so when talking about people who buy Bitcoin to avoid taxes, maybe yes, because besides they can get more benefits, too will not reduce their assets when prices continue to rise.

The bitcoin price has nothing to do with the election and OP showed what an idiot he is by buying into the right wing extremist fantasies that trump won the election. When you're so divorced from reality, your opinions on everything else are equally as worthless.