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

[sapnu]

I think it will not go up forever, and we can see the market situation today where the crypto market cap fell from 1.1 trillion to 900 billion. more than 170 billion were lost within 1 day.
This is the highest decline since the long advance when BTC was about to break the 20k $.
correction will always occur in every market so it will definitely happen in all types of markets, including crypto.

We can't really predict what will happen in the future, as long as it happens. Just like the bull run happened this year is unbelievable reaching the new ATH and even made it doubled what happened last 2017. We are all grateful that it happened, a lot of people really made a lot of profit because of that. There's a lot of good news happened when the year starts, the bitcoin's market cap is on the top lists. We are all looking forward on the journey that we are doing here, and hoping that the market continues to rise up.

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[AndySt]

We can't really predict what will happen in the future, as long as it happens. Just like the bull run happened this year is unbelievable reaching the new ATH and even made it doubled what happened last 2017. We are all grateful that it happened, a lot of people really made a lot of profit because of that. There's a lot of good news happened when the year starts, the bitcoin's market cap is on the top lists. We are all looking forward on the journey that we are doing here, and hoping that the market continues to rise up.

The correction of the exchange rate price of bitcoin was inevitable at such high growth rates and the whole question was only at what price level it would come, that is, when some of the market players would take a profit. Let's hope that there are all the prerequisites for this in the face of the ongoing pandemic and the large amount of money that governments print, that now there will be some market consolidation and growth will continue again.

[CarnagexD]

Price has gone down yesterday and is continuing to do so as we speak, which may already give OP a hint of what's the answer to his question. Though it is still too early to say that bitcoin will start to depreciate once again since it has only happened for a couple of hours and may very well bounce back depending on the people's confidence towards the coin.

[Natsuu]

The correction happened, and now since yesterday, the price now plays within the price range of $32k - $36k. I guess this would be the prices for the next few days if something won't happen. I don't think it would go less than 30k, but I do hope that it reaches higher than 36k for the next few hours.

Although, I believe within this year, as long as there is a pandemic. The price of BTC will still increase.

[Fredomago]

The correction happened, and now since yesterday, the price now plays within the price range of $32k - $36k. I guess this would be the prices for the next few days if something won't happen. I don't think it would go less than 30k, but I do hope that it reaches higher than 36k for the next few hours.

Although, I believe within this year, as long as there is a pandemic. The price of BTC will still increase.

There's a big chance that this correction may continue, certain test where holders must stand to how they understand this investment venue. Most of those who manage to bought in an early months are now cashing out their profits, if you bought from the peak better not to decide too quickly, you'll lose your money if you sell it with panic allowing those players to buyback and load up again with a much cheaper value. Think and keep your guard up, follow your own instinct and be patience in anyway.

[CryptopreneurBrainboss]

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

History always finds a way to repeat itself, that bitcoin is currently doing impressive numbers solely doesn't means the alts has no chance of getting their share of the now 1 trillion market. The bullrun has stages and we're currently in the second stages were ethereum begins to pick momentum and gain massive ROi. Next will be big market cap which assuming the court case wasn't again Ripple then probably by now we would had been seeing XRP trading at almost $1 or higher.

The small marketcap coins come in last, which is where the fomo comes into play and small marketcap coins does impressive numbers in 24hrs. Some even doing 100% and above ROI. The phases are taking too long because the market now isn't like that of previous years. The market has evolved, we now have other factors that contributions to the way the market react.

Now we have more Institutional investors and they're mostly pumping bitcoin. Sooner the profits will be taken and attention will be forced to other area or the market which alts will stand an opportunity to benefit. It's a gradual process this time around and hopefully it'll last longer and not just a pump and dump type of altseason.

[Luthfiyaaa]

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

I think maybe this is the time for bitcoin prices to go up. there maybe also someone behind it who can control the crypto market price. but if the crypto market price is in control, why did it take so long for bitcoin prices to go up, why did it take so long for it to rise this high. but maybe this is will not long last, the price will crash out again because of several possibilities, can the government take part in the rise and fall of bitcoin prices?

[mich]

I have read that this is the 3rd time we have witnessed a Bull Run with bitcoin. 

From yesterday the price looks to be turning back to positive which we all knew was going to happen at some point.
 
But I think the the recent rise in prices will end up being long-term more then short-termed.

[pecson134]

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.

For now it is temporary since the price of bitcoins was starting to go down a bit. Still this time we can't still determine if this price fall would be continuous or it just on today's current situation no one can tell. Better to stay on safe side for now and it is best just hold for the meantime.

[jostorres]

There's a big chance that this correction may continue, certain test where holders must stand to how they understand this investment venue. Most of those who manage to bought in an early months are now cashing out their profits, if you bought from the peak better not to decide too quickly, you'll lose your money if you sell it with panic allowing those players to buyback and load up again with a much cheaper value. Think and keep your guard up, follow your own instinct and be patience in anyway.

Since the price correction is already seen in the market, it's very clear already that the recent rise in bitcoin is just temporary. But this time i think the price will still stay on $30k above because of those institutional investors that keep holding their bitcoins. Once they start selling them, the market will surely crash out making the price dump into its dip price.

The economy is still not recovered, you have to realize that when you are making decisions. The whole world is still doing horrible, specially USA, there are 4000+ people dead every single day there, that is more people dead in USA than any war in the last 100 years combined all dead because of corona virus. It is a political situation but there were other things involved as well like idiots who refuse to wear mask type of people.

So, as long as you do not have anything to worry about from health reasons, you can see that the whole world is in economic shambles and as long as that continues we are going to keep having these high prices. Bitcoin increased this much because fiat became increasingly horrible and that is exactly why people started to invest into bitcoin, to run away from bitcoin, and that is why I honestly believe that we should probably still keep investing.

[GeorgeJohn]

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.

Shall the post has been posted before the rapid increase of bitcoin, so its obvious that the recent increase of cryptocurrency  have answered the question, and its very clear that price of cryptocurrency especially bitcoin still on motion of increments, and definitely the price will automatically reduce but not like initial, because everyone know that the price is not constant.

[hahay]

We can't avoid reality, because what is happening is that the price will always go up and down so far so I assume it will continue for a long time. But regarding whether this increase will continue or not, I personally think that the price will continue to get an increase in the near future because with the correction that happened it will make the increase slower but I believe the price will still rally at $40k.

[CryptoLogo]

I am surprised from those holders who give up the idea of taking profit.
Obviously, the market has a cyclical nature, the price never stands for a long time in one place. Today bitcoin is 40k in a year it can cost 20k.
If your goal is to make money - take profit, if not, then you are a true holder.

[Fatunad]

I am surprised from those holders who give up the idea of taking profit.
Obviously, the market has a cyclical nature, the price never stands for a long time in one place. Today bitcoin is 40k in a year it can cost 20k.
If your goal is to make money - take profit, if not, then you are a true holder.

Investors are composed of'

-Holder
-Active traders

Taking profit or making some action will vary on which one you do belong but doesnt mean that holder wouldnt really become a active one
yet switching up would really be just easy as 1,2,3.It depends on someones decision towards their investment neither
they decided to hold or would trade for shorter possible gains.

[BuNga_cute]

Now the price of Bitcoin is at the price of $ 34,000 which means the increase in the price of Bitcoin is only temporary. Because previously Bitcoin
could go up to a price of $ 40,000. What is happening to Bitcoin now is normal, because every time Bitcoin goes up, it won't last long, the price
will fall again. So take advantage of the fall in the price of Bitcoin as an opportunity to buy Bitcoin, because it shouldn't be long before Bitcoin is
able to return to a price of $ 40,000 again.

[Yatsan]

We still cannot say if this will be just more of a long term or just a temporary rise but right after seeing that Bitcoin price have dumped from $40,000 down to $34,000+ it seems more likely to be a temporary rise but it can still be possible to rise up once again for the pumps and dumps are just common in this market. We will just wait up and see what possibility can make happen on the upcoming days and see if there would be a recovery on the price or it will slow down declining continuously. But we sure all hope this dump is just an opportunity to invest or purchase Bitcoin and it can go soon recover to gain some profits from this. Hope that this will not be another bubble and be more likely stabilize on high positions unlike 2018 that turns out to get bubble after the bull run.

[Sithara007]

The recent rally in cryptocurrency prices came at a time when there was a decline in the purchasing power of the US Dollar, as a result of stimulus and other governmental measures. And with Joe Biden taking charge in a week's time, we can expect further devaluation of the USD. He is already finalizing his plans for another $3 trillion stimulus. Also, a rally for Bitcoin was due ever since the last block reward halving event.

[fahmimajannat]

I think It is temporary. Cause market is not stable It's dumping and pumping instanly. You can watch the graph chart of ltc.
Market is quite unstable at the time. Though prices are pumping shockingly It's not stable.
So i think It's temporay. We may have seen this kind of temporary market pushes in near past.

[arifteguhr]

If I look at the technical basis, the RSI is currently Over Bought and there should be a correction. I haven't seen an RSI below 30 in a while. Bitcoin should undergo a correction at the support point to meet the GAP. Yet many speculators say bitcoin will continue to pump. high risk when trading in the current market

[South Park]

This is the third time that a major bull run had commenced with Bitcoin. What is common with all the three rallies is that they have occurred after 6 to 12 months from the block reward having. On the previous two occasions, the impact didn't lasted for long, and the rally was over in a maximum of 3-4 months. Let's hope that this time, it will be more permanent in nature and will not be followed by major corrections.

There is hope, this time the price could remain way higher as institutional investors have invested massively in this market, and that is just taking into account the information that we know, it is entirely possible they have been buying bitcoin in secret without telling anyone and they actually hold more coins than what we think they have, so this time around the price has a higher chance of remaining high enough to avoid a crash, but if those institutional investors decide to sell then we could see a massive bear market for bitcoin when that happens.