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

[LogitechMouse]

In every market, there is a cycle where markets are going up and after some time it goes down.

We've seen the crypto market go up further that we expected last 2017 and then after that it crashed in 2018. Now we are seeing the same scenario again in 2017 where the market is going up again and nobody expected it to happen. For sure there will be some time that the market will go down and make a correction. Now where will it drop is the thing that nobody knows but one thing is for sure, the recent rise in prices are just temporary. It will go down but if you will see the charts long term, the trend is always bullish so yeah just hold Bitcoin for a long time.

[Mauser]

In every market, there is a cycle where markets are going up and after some time it goes down.

We've seen the crypto market go up further that we expected last 2017 and then after that it crashed in 2018. Now we are seeing the same scenario again in 2017 where the market is going up again and nobody expected it to happen. For sure there will be some time that the market will go down and make a correction. Now where will it drop is the thing that nobody knows but one thing is for sure, the recent rise in prices are just temporary. It will go down but if you will see the charts long term, the trend is always bullish so yeah just hold Bitcoin for a long time.

There are only a few things that rise gradually in the last years. For example Amazon or Tesla stock is rising for a long time. Maybe we could break the cycle for bitcoins and just keep in rising? I really hope there is mit going to be a crash in 2021. Last year was already such a horrible year, we deserve some time off now.

[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.

Everything is relative. If we consider the trend of bitcoin from the very beginning of its appearance, then it is obvious that we will see positive dynamics, but here the question is about the events taking place now, and we do not have a definite answer. Does it make sense to buy bitcoin now? I think there is, since I believe that it will grow to $ 55,000, but my faith should not influence your decisions in any way.

I would be cautious to buy btc now because it went up too far and too fast imho, but if we talk about long term it doesn't matter when to buy. Even those who bought at a peak of 2017 are in profit now (if they didn't sell of course).

I believe that bitcoin dollar cost averaging strategy is the best one for people who are not traders or financial experts.

[Janation]

In my opinion the upward price action is caused by institutional investors' interest in Bitcoin. Some people who were skeptical about Bitcoin recognized it potential only after PayPal announcement.

It is really the investors.

Paypal may be one of the most popular adoption of last year but with a lot of users not wanting the services given by Paypal, I think it is the numbers of investors actually putting their money into Bitcoin. Since the fall of Bitcoin at $3K, there are a lot of people who invested hence making the price we have right now.

[hongchao123]

BTC will be higher than 10k for a long time. Too many institutionals here in the game, they will not allow to big dip. However, 30-40% corrections will be a normal scenario after all this

[jaberwock]

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.

Trump fans will find a way to put trump into anything. You can talk about milk and they will go "well milk tastes better now because trump whispered in the ears of each cow, he is great!!" or I don't know something like that, and it may sound silly but they do really say stuff like that. These are the same people that stormed the capitol building to kill elected officials, you can't really expect them to act logically within reason.

Back on bitcoin price, I think this is a long term increase, we are here for a while, and even though we may fall eventually, we will not be as low as we once were, and this all happened within just few months, like maybe 3 to 4 months, October wasn't THAT crazy, but let's put that in, in October, November, December we became huge and with just a week into January we reached above 40k, that is insane to think about.

[blckhawk]

In my personal opinion, I do feel like the price currently is too high and probably an artificial pump. Although it has been beneficial to many traders, I would not get into buying btc thinking it would go way up to 100k$ very soon. What we are seeing is probably the peak atleast for the current time being. Just like 20k$ was the peak of 2017. Bitcoin almost hit 40k$ which is such a big achievement and I think it will just float around that price or come back to 15-20k$. But I don't think Bitcoin will ever come below 10k$ anytime soon.

Same thought here. We all know that this huge increase in Bitcoin price is pretty much done by institutions and whales, and the fact that they are all here to gain profit just like us if they sell out it will totally bring down the Bitcoin but I don't think it will go beyond $10k anymore. It could just play around $15k- $20k but low than that I don't think so. I'm not so sure as well getting the $100k mark this year though because if you imagine that's quite too far perhaps, around $50-$70 before the bear comes. Anyway, this was just all mere speculation because Bitcoin is unpredictable after all but one thing is for sure this is temporary, and make sure to take all the opportunity.

[taufik123]

There are only a few things that rise gradually in the last years. For example Amazon or Tesla stock is rising for a long time. Maybe we could break the cycle for bitcoins and just keep in rising? I really hope there is mit going to be a crash in 2021. Last year was already such a horrible year, we deserve some time off now.

The start of 2021 is the start of a good year because ATH can be achieved continuously up to a price of $ 40k USD. The devastation you expect in 2021 is certainly not predictable. Maybe it will be worse than before or still within normal limits. Any significant increase, of course, there will be a significant decrease as well. Many institutions and companies buy bitcoin and support it which makes Bitcoin more and more known and used.

Bitcoin dominance is currently around 68-72%

[Natsuu]

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.

Stop being political if you want to discuss something in the "ECONOMY" thread.

But in my opinion, the BTC will still rise as I've presumed that pandemic is a great factor to the drastic increase in the price of BTC. As long as there are quarantines and protocols regarding covid, the trend will still go on.

Just a comment regarding your clownery, the recent storm in the capitol of USA just proves that there are injustice and misuse of power in the government as the protesters just march in and out of that place as if they're visitors of some sort.

[Imran232]

It is very deficult to predict the upcoming days situation. In my opinion how this crypto market gose that much up well here is a simple answer what i got and that is Elon mask. After Elon mask becomes a most popular topic in the world because of his companies and also becoming the no. 1 wealthiest person in the world lots of company, people are following him and when he covering sonething about bitcoin then the lots of institunal biggest company comes to invest in crypto they buy $500M, $600M or more money invest in this bitcoin market. Its just boom the full crypto market it is also cross $1T+ market cap. So now elon mask and bitcoin is a top topic for the world now that is why it is little but tough for predict the upcoming days price.

[wxxyrqa]

At least the economic crisis in the world, as well as the halving of 2020, will give corresponding results throughout the entire 2021 in the cryptocurrency market. Today's achievements of Bitcoin are not final and we are seeing Bitcoin only at the very beginning of its journey to the moon.

[error08]

Bitcoin price supposed to increase over time because halving makes it scarce, the real bitcoin value can be measured by the mining cost required to make it run all the time, we can't say it is for the long term that bitcoin always sits above $40k but the price may remain above $20k as the basic price until the next year. As long as the institutional investors don't dump all their bitcoins at once, the value will continue to increase.

[Shasha80]

As per my estimation now the Bitcoin price is starting to fall, and it looks like it will continue to drop to a price of $ 30,000. Those who managed
to sell Bitcoin at a price of $ 40,000 are very lucky, because now it is only a matter of waiting for Bitcoin to drop to a price of $ 30,000  and be able
to buy Bitcoin again.

From the start, I did predict that Bitcoin's rapid rise was unlikely to last long, because history will repeat itself. Like 2017 where not long after Bitcoin
rose, the price of Bitcoin fell too. So now it's happening again in 2021, after the Bitcoin price rose it reached an all-time high of $ 41,900. Finally,
slowly the price of Bitcoin began to fall.

[darewaller]

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.

I have a different view this time, we are looking towards 100k in my opinion and might not see too much of drops apart from time to time corrections so do not expect a drop if you are interested in buying some bitcoins. I have been waiting since 20k for the price to drop once to invest more and I haven't got many chances honestly.

I am not sure about how Biden was installed, he clearly won and I would say he is way better than Trump without a doubt as far as political discussions are concerned. And this ain't connected to bitcoins rise in any way for sure. Some blamed China when price dropped in March-April in 2020 and now crediting USA for the rise, both are just co-incidence because no government can control BTC.

[1l1l11ll1l]

As per my estimation now the Bitcoin price is starting to fall, and it looks like it will continue to drop to a price of $ 30,000. Those who managed
to sell Bitcoin at a price of $ 40,000 are very lucky, because now it is only a matter of waiting for Bitcoin to drop to a price of $ 30,000  and be able
to buy Bitcoin again.

From the start, I did predict that Bitcoin's rapid rise was unlikely to last long, because history will repeat itself. Like 2017 where not long after Bitcoin
rose, the price of Bitcoin fell too. So now it's happening again in 2021, after the Bitcoin price rose it reached an all-time high of $ 41,900. Finally,
slowly the price of Bitcoin began to fall.

At the moment it is still a bit unclear whether the price of bitcoin will continue to fall periodically or make a recovery. Today is quite surprising in my opinion because the price fell very insane. Maybe if ATH really happened to be priced at $41k? let's just see. but congrats for selling it for $40k, you guys are really lucky

[mariah.sadio]

Check today charts. Everything could be temporary in our life. Especially on so volatile market

[Bitbtc8]

We can't actually know for how long this bullrun will be alive for, now I'm even more worried about altcoins because bitcoin managed to reach over 40k and Ethereum only reach 1300$, there is a big difference here, not like that of 2017, I doubt if history will repeat itself again

[sana54210]

As per my estimation now the Bitcoin price is starting to fall, and it looks like it will continue to drop to a price of $ 30,000. Those who managed
to sell Bitcoin at a price of $ 40,000 are very lucky, because now it is only a matter of waiting for Bitcoin to drop to a price of $ 30,000  and be able
to buy Bitcoin again.

From the start, I did predict that Bitcoin's rapid rise was unlikely to last long, because history will repeat itself. Like 2017 where not long after Bitcoin
rose, the price of Bitcoin fell too. So now it's happening again in 2021, after the Bitcoin price rose it reached an all-time high of $ 41,900. Finally,
slowly the price of Bitcoin began to fall.

I would say waiting to buy is a decent strategy considering bitcoin is a volatile product, look it is already down, and when it is down people should buy. But do you know what happens? When the price of bitcoin goes from 40k to 32k, the people who think "I should have bought bitcoin when it was lower, wish it goes down from 40k" suddenly changes their mind and thinks "it went down to 32k, it may go down even more, I should not buy now" and decide not to buy. That is the problem with crypto, people who should buy when it goes down decides not to, and people who wishes to buy if it goes down keeps hyping it from higher levels.

It went down a bit and got higher a bit all day today, and I believe whoever didn't buy from these prices will be very upset in a week when it is over 40k, I can't guarantee this because obviously it could go down even more, but I feel like it will probably go higher.

[Casdinyard]

We can't actually know for how long this bullrun will be alive for, now I'm even more worried about altcoins because bitcoin managed to reach over 40k and Ethereum only reach 1300$, there is a big difference here, not like that of 2017, I doubt if history will repeat itself again

Prices are far from each other even before. The rate of increase matters more in my opinion if we would compare their market value from one another. But that's indeed correct, we cannot really tell if the recent price increase would either be for a long run or not but if we would be depending on this market industry's nature, for sure things won't be consistent. The market price could either go up or down and the only thing we could do is speculate on how will things occur. At this moment there is a downfall movement but that won't be enough to tell if the bullish market is already over because we do experience such thing randomly. I'd say if the market price will continuously fall, perhaps til $25k, I guess it won't still be enough to say that we will no longer see another price hike this year. The price could again go up in a sudden. So yeah, it is hard to determine.

[sukmo]

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.

You can't avoid taxes by buying  and holding crypto.If avoiding taxes by buying cryptocurrencies was allowed,then everyone would buy crypto coins years ago and the crypto prices would be 10 times higher.
Biden and the democrats will probably try to slow down the massive growth of crypto,by increasing the taxes for the rich and the middle class and imposing more regulations over the financial markets.
The Bitcoin price will crash for sure,but this is completely normal.
 

Yes I agree with your opinion, maybe if what you say is all true then the price of bitcoin will certainly drop drastically but I don't know when it's time.