whyrqa
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February 09, 2021, 03:20:38 PM |
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There are no doubt how many analysts, the same number of opinions regarding the further development of the cryptocurrency market. But if we analyze the rise in prices for popular cryptocurrencies for the whole of 2021, then I believe that the trend will in some case resemble 2017. Based on this, we can say with confidence that the cryptocurrency market is only at the very beginning of its growth.
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#business #forextrader #bitcoinnews #invest
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jasonjm
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February 09, 2021, 03:37:05 PM |
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I don’t thing it will last too long. Bull market is a temporary market. It stays for a short period of time. We had seen in past that btc dropped to 50% to 60% in a a day. So i don’t think it will last too long. But no one can assume perfectly. It can last for a while or a decent period of time.
It has already last longer .. I was expecting that it will dump last month but it did not happen, my opinion was based on the past bull run where it was only a short live and then followed by a big correction that resulted to a bear market, if it will happen this year, it will be in the first quarter of the year. With the involvement of institutions, BTC set a new ATH around $41k initially but after Tesla infused $1.5B into BTC, it tests a new ATH close to $50k and we might see short-term stability around this point. Chances of a small dip are also present as it is the way to earn more. New trends are forming in the market, none of which were seen in the past bull runs.
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Freeesta
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February 09, 2021, 03:53:36 PM |
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To answer this question, you also need to be a competent politician. It's like a lottery to me. It is very difficult to determine how the cryptocurrency will behave while global events are taking place in the world. I think it takes time for relative stability in politics to come and then it will be possible to make a forecast
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angrynerd88
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February 13, 2021, 09:55:59 PM |
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As per past history i can say this cost will rise more since BTC is prevalent presently and selection rises,In past After such an unimaginably tall cost increment, Bitcoin drop in esteem. In any case, the foremost energizing address for us so distant is when this will happen and how moo it'll drop. If about the profundity of the drop within the cost of bitcoin, essentially everybody concurs that it'll not drop as well moo, at that point no one can unquestionably say anything approximately the time of the fall. Most likely, the bullish development of bitcoin will still final up to two weeks. After this time, capital can start to stream into altcoins.
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verita1
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February 13, 2021, 11:48:45 PM |
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There is a lot of optimism and I think that this bitcoin bull run is totally different for these powerful reasons that the following article says: https://www.nasdaq.com/articles/bitcoin-2017-vs.-2021%3A-how-this-bull-run-is-different-2021-01-22I would like bitcoin to continue its upward race and humanity can take advantage of the full potential that the network has. Although Bitcoin needs more development, use cases and to be more accessible to everyone, the most prominent advocates of bitcoin are thinking of creating solutions.
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Lanatsa
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February 13, 2021, 11:57:41 PM |
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There are no doubt how many analysts, the same number of opinions regarding the further development of the cryptocurrency market. But if we analyze the rise in prices for popular cryptocurrencies for the whole of 2021, then I believe that the trend will in some case resemble 2017. Based on this, we can say with confidence that the cryptocurrency market is only at the very beginning of its growth.
When we do talk about confidence then I can bit say that this is much better compared into that year 2017.When it comes to talk about if this one is temporary or long term then no one can really tell. Price will really be depending on the demand itself.If the entire community or worldwide will really be having that recognition or adoption then we can really say that this will really increase in upcoming future. As an investor then its up to your decision on how you would really take it or take advantage of it.
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jaysabi
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February 14, 2021, 01:53:32 AM |
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it is impossible to predict what the market is going to do, which means that the current top of 42k may seem high now but what if institutional investors get scared because of the aggressive policies of governments all over the world and decide to come massively to this market and buy everything they can, suddenly the price of bitcoin will grow up dramatically as the supply you can find in exchanges dwindles almost all the way down to zero.
If the governments get too strict about some things I am afraid they may do that for crypto as well. The moment there is a law about "you have to pay taxes for each crypto you have" that would be the end of it, because you could buy bitcoin at 30k, price could fall to 20k, and you will also have to pay taxes on the 20k you have even though you lost 10k, so both lose money from trading AND taxes on top of that. Does that sounds impossible to you? That could definitely happen if governments go crazy on crypto. It doesn't have to be this way, they could just ban ownership of it, they could have high regulations on it, they could basically do all they have to make sure it is not a good investment to make and try to sway all those big companies to get away. Sure you can still have some in secret but these huge companies can't do that so they will end up getting away from crypto as well. There are already laws about paying taxes on crypto and that's not how it works. If you buy a coin for $30k and it drops to $20k, you don't pay taxes on the $20k. You only pay taxes on gains, and only at the point of realization, either selling or buying something with crypto. Also, if you receive crypto for any reason, it's income and is taxable as such at that time, regardless if you sell it or not. You're not taxed on unrealized losses.
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zanezane
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February 14, 2021, 10:54:57 AM |
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If we consider the factor of institutional investors coming in the market, I think the rise in prices will be for long term. Most of these financial companies are in the realm of investing firms so they will definitely go for long term but it could be a temporary rise since they can bail out what they are hodling back into the market and get their profits but if that were to happen, they will definitely go back and buy back bitcoin to invest again and smart individual investors are going to be grabbing that opportunity to buy bitcoin at a bargain price.
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Natsuu
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February 14, 2021, 11:05:02 AM |
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it is impossible to predict what the market is going to do, which means that the current top of 42k may seem high now but what if institutional investors get scared because of the aggressive policies of governments all over the world and decide to come massively to this market and buy everything they can, suddenly the price of bitcoin will grow up dramatically as the supply you can find in exchanges dwindles almost all the way down to zero.
If the governments get too strict about some things I am afraid they may do that for crypto as well. The moment there is a law about "you have to pay taxes for each crypto you have" that would be the end of it, because you could buy bitcoin at 30k, price could fall to 20k, and you will also have to pay taxes on the 20k you have even though you lost 10k, so both lose money from trading AND taxes on top of that. Does that sounds impossible to you? That could definitely happen if governments go crazy on crypto. It doesn't have to be this way, they could just ban ownership of it, they could have high regulations on it, they could basically do all they have to make sure it is not a good investment to make and try to sway all those big companies to get away. Sure you can still have some in secret but these huge companies can't do that so they will end up getting away from crypto as well. There are already laws about paying taxes on crypto and that's not how it works. If you buy a coin for $30k and it drops to $20k, you don't pay taxes on the $20k. You only pay taxes on gains, and only at the point of realization, either selling or buying something with crypto. Also, if you receive crypto for any reason, it's income and is taxable as such at that time, regardless if you sell it or not. You're not taxed on unrealized losses. Yup, Crypto is considered as a property which has a specific value in USD. Only the gains in the trade as he said will be counted as taxable. There is a lot of optimism and I think that this bitcoin bull run is totally different for these powerful reasons that the following article says: https://www.nasdaq.com/articles/bitcoin-2017-vs.-2021%3A-how-this-bull-run-is-different-2021-01-22I would like bitcoin to continue its upward race and humanity can take advantage of the full potential that the network has. Although Bitcoin needs more development, use cases and to be more accessible to everyone, the most prominent advocates of bitcoin are thinking of creating solutions. Bitcoin is okay and great as it is, there is no need for development in the product such as BTC as a currency for worldwide use. I'm good with it being in the same manner as how you trade gold, and it will be more complicated if it will be used as payment for ordinary transactions.
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ven7net
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February 14, 2021, 11:25:50 AM |
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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.
Right now, we can see news that shows us that BTC and other cryptocurrencies are actively bought by large companies such as Tesla. This means that the growth of BTC is due precisely to these events and the fact that large companies have accumulated large capital and are now looking for opportunities to preserve it and increase it. Why not do it partially through BTC and other cryptocurrencies. Indeed, they make a choice in favor of crypto and this moves the prices of crypto up. If this trend continues, and it is likely to continue, then we will see the price of BTC several times higher. In any case, I and the entire crypto community hope so.
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Hughes_Ryan
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February 14, 2021, 02:03:08 PM |
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Trump won the election. biden was INSTALLED, not elected. There's a difference.
In my opinion, after taking office, Trump and Biden had some coincidence when the value of bitcoin increased. But to me, Trump is more friendlier and correlated with bitcoin's value. As for Biden, maybe not. The main reason that bitcoin and cryptocurrencies serve as a lifesaver for an economy in disarray after a global catastrophe called covid 19. Depression and depletion of securities has led to an explosion in the crypto market they we see now.
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coolcoinz
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February 14, 2021, 03:21:49 PM |
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If we consider the factor of institutional investors coming in the market, I think the rise in prices will be for long term. Most of these financial companies are in the realm of investing firms so they will definitely go for long term but it could be a temporary rise since they can bail out what they are hodling back into the market and get their profits but if that were to happen, they will definitely go back and buy back bitcoin to invest again and smart individual investors are going to be grabbing that opportunity to buy bitcoin at a bargain price.
It depends on the rise. If we're talking 20k, that's most likely a set low support that we won't break, even in the coming bear market. 40k? I'm thinking it should be a stable middle ground. We can go below it for a while but it will act a bit like 10k in the last cycle. Anything above 40k is most likely up for correction sooner or later, unless we don't get a FOMO rally at all this cycle and slowly stabilize.
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molsewid
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February 14, 2021, 03:51:34 PM Last edit: February 14, 2021, 06:04:28 PM by molsewid |
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In my opinion, after taking office, Trump and Biden had some coincidence when the value of bitcoin increased. But to me, Trump is more friendlier and correlated with bitcoin's value. As for Biden, maybe not. The main reason that bitcoin and cryptocurrencies serve as a lifesaver for an economy in disarray after a global catastrophe called covid 19. Depression and depletion of securities has led to an explosion in the crypto market they we see now.
I don't know but since Biden becomes the president of America many institutions freely announce their interest in bitcoin , I think Trump is not good for bitcoin I mean in his term these companies are hesitating to invest or to promote bitcoin in their country since Biden becomes the president the price of bitcoin continues to grow and pumping even more, a lot of good news has been spread and major companies related to finance show their interest like PayPal.
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Nunoluck
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February 14, 2021, 04:08:28 PM |
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It's just temporary but it seems that the price of bitcoin will surpass it's highest record and keep rising until there's no more strong sentiment that influence bitcoin market. I am a long term bitcoin holder and now I'm at good position to sell bitcoin. I don't sell it now because I am sure that the price of bitcoin will keep rising. I am really lucky because usually I buy or earn many bitcoin before bull market.
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SirLancelot
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February 14, 2021, 07:15:54 PM |
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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.
Paypal helped for sure as the first catalyst but the price has more than doubled or even quadrupled which means Paypal is not the only reason and yeah many new investors have started investing in bitcoins which has definitely helped. Elon musk became the richest person and since he has always been involved into cryptocurrency in some way or the other like how he did with his twitter which I believe must be another big reason along with their 1.5 billion crypto investments into cryptos. It is going to be a infinite cycle like success of one's involvement in crypto will lead others to get into it and this way many people may join us on board in near future and FOMO due to this, will do all the other positive things for bitcoins for sure.
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skarais
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February 14, 2021, 07:23:34 PM |
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Paypal helped for sure as the first catalyst but the price has more than doubled or even quadrupled which means Paypal is not the only reason and yeah many new investors have started investing in bitcoins which has definitely helped. Elon musk became the richest person and since he has always been involved into cryptocurrency in some way or the other like how he did with his twitter which I believe must be another big reason along with their 1.5 billion crypto investments into cryptos.
It is going to be a infinite cycle like success of one's involvement in crypto will lead others to get into it and this way many people may join us on board in near future and FOMO due to this, will do all the other positive things for bitcoins for sure.
It is clear that Elon Musk influenced many other big investors to get involved in bitcoin investing only after Tesla announced a big buy in bitcoin. People will start to believe that bitcoin is a future asset as a great store of value, PayPal has a share of that too. So all the good thing about bitcoin today is that investor have realized the potential that bitcoin has. I hope the government will no longer make effort to prevent increased adoption. The new ATH has been reached, maybe we'll see something bigger than now in the near future.
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TheGreatPython
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February 14, 2021, 07:28:59 PM |
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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.
Illegal things will always be associated with everything, in fact there are fake Paypal users who will buy a Paypal account and then use the chargeback feature to scam others so I mean illegal activities can't be stopped in any payment method let alone bitcoins.
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Ryker1
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February 14, 2021, 09:54:31 PM |
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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.
Illegal things will always be associated with everything, in fact there are fake Paypal users who will buy a Paypal account and then use the chargeback feature to scam others so I mean illegal activities can't be stopped in any payment method let alone bitcoins. Well, you have a point there, --illegal activities are anywhere and any form of payment will perhaps abuse by those bad people who continue doing illegal activities for their own sake and benefits. On other hand, this recent spike is very prone to have illegal activities such as thief and hacking your bitcoin and others offering Ponzi schemes just for their own benefits. But besides that, the bitcoin price hike won't be affected by those people doing negative impact on bitcoin, there are too many institutional investors that keep coming just to adopt bitcoin because perhaps they already understand how bitcoin works.
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Vaskiy
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February 14, 2021, 10:14:49 PM |
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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.
Illegal things will always be associated with everything, in fact there are fake Paypal users who will buy a Paypal account and then use the chargeback feature to scam others so I mean illegal activities can't be stopped in any payment method let alone bitcoins. Well, you have a point there, --illegal activities are anywhere and any form of payment will perhaps abuse by those bad people who continue doing illegal activities for their own sake and benefits. On other hand, this recent spike is very prone to have illegal activities such as thief and hacking your bitcoin and others offering Ponzi schemes just for their own benefits. But besides that, the bitcoin price hike won't be affected by those people doing negative impact on bitcoin, there are too many institutional investors that keep coming just to adopt bitcoin because perhaps they already understand how bitcoin works. Agreed, and in the past when the market turns bullish some try to manipulate the market through some fake news. This time there is no such problem and even if something comes out, people aren't reacting to it. Next is about the security, to manipulate the market exchange hacks are circulated as a news. This time we don't experience anything likewise, and this makes me believe that the growth is long term.
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doomloop
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February 15, 2021, 08:41:29 PM |
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in the past when the market turns bullish some try to manipulate the market through some fake news. This time there is no such problem and even if something comes out, people aren't reacting to it. Next is about the security, to manipulate the market exchange hacks are circulated as a news. This time we don't experience anything likewise, and this makes me believe that the growth is long term.
Yeah those institutions can manipulate that whenever they want but remember it is not their money neither. Those companies like grayscale who bought that much bitcoin did it with investors money, which means there are people with 15 billion dollars or so gave that money to grayscale to buy bitcoins on their behalf, so that wasn't just grayscale, that was investors who allowed grayscale to do that. So, there is a limited amount of differences between people buying bitcoin directly like you and me versus grayscale investors allowing grayscale to buy it, only difference is that those investors just put a middleman on their work while we did it directly but the idea is about the same. Hence we should not be worried neither, if you can sell bitcoin, investors of grayscale can too, I doubt all 15 billion dollars worth of investors will want to sell all at the same time.
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