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Author Topic: More records for bitcoin as we welcome 2021.  (Read 368 times)
Dokdo766
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January 08, 2021, 08:02:01 AM
 #1

It is extremely a good performance (btc trending at $24345, as at the time of writing this post ) no doubts for the first crypto, and it amazed me that BTC keep creating new cryptocurrecy records in December 2020, a proof that more institutional investors has fully reorganized the bitcoins/altcoins technology/development. I think that this achievement will remain unforgettable in the minds of all crypt enthusiasts, investors, traders and hunters in the future. It has been wonderful this year. What is your opinion?
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January 08, 2021, 08:11:00 AM
 #2

its true this would be unforgotten since in 2020 we already reached and break its all time high record and right now we are still on the all time high, in no time we could see the price and it would reach $80,000 or more let's hope that this 2021 would bring us all good profit.
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January 08, 2021, 09:31:18 AM
 #3

I am sure that 2021 will be even more successful for the crypto industry.

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January 08, 2021, 12:37:57 PM
 #4

I am sure that 2021 will be even more successful for the crypto industry.
Right, I also think so, this year will be a golden year for Cryptocurrency, based on the history of bitcoin in the past years :
08 Jan 2016 $     457 (Bitcoin halving happened this year)
08 Jan 2017 $     908
08 Jan 2018 $ 16,476
08 Jan 2019 $   4,028
08 Jan 2020 $   8,161 (Bitcoin halving happened this year)
08 Jan 2021 $ 41,500
08 Jan 2022 $ ..........?

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January 08, 2021, 12:59:08 PM
Merited by Halab (2), DdmrDdmr (2), MrcMrc (2), Welsh (1), Oshosondy (1)
 #5

This figure you posted is incorrect bitcoin has gone above that figure in the past one week as at the time of replying this post the price of bitcoin is already above $40,000 so please edit and correct your mistake.

Bitcoin has shown some high level of recognition both to individual and institutions in towards the end of 2020 and up till now the records keep soaring high day by day.
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January 08, 2021, 06:34:24 PM
 #6

It is extremely a good performance (btc trending at $24345, as at the time of writing this post ) no doubts for the first crypto, and it amazed me that BTC keep creating new cryptocurrecy records in December 2020, a proof that more institutional investors has fully reorganized the bitcoins/altcoins technology/development.
I had to refresh my page multiple times to see whether you said about a valuation of $24345 as i am having a few drinks as the market moved away from those valuation a few days back and now the price of BTCitcoin is around $40,110  Cheesy. I would say that institutional investors have identified the cryptocurrency market as an opportunity to make quick profit and hence they are investing billions and you need to understand that once they start booking the profit the price would dump like we have never seen before.

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January 08, 2021, 07:12:07 PM
 #7

You really need to edit the current bitcoin price that you list on the OP. Even bitcoin has set a record $42K today.

What is your opinion?
Come on, don't forget to always be careful with the bitcoins you have (if any). Keep your wallet, account on the exchange, and other security safe. Price can fall at any time, so use money that you can afford to lose if you decide to invest here.


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January 08, 2021, 07:19:10 PM
 #8

You really need to edit the current bitcoin price that you list on the OP. Even bitcoin has set a record $42K today.
!snip

was it actually above $42k, did not saw it, saw that reached some $41,8k, but not above that, and as I can see coingecko.com ATH is below $42k, you should check this before publishing as well, and edit your post, as OP has to do as well
it is important to share data that are actual and true, I agree

at the moment, it is somewhere between $40k and $41k (it is a 2,5% range, so easily could gone above $41k)


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January 08, 2021, 09:30:20 PM
 #9

It is extremely a good performance (btc trending at $24345, as at the time of writing this post )
You posted today and it's only $38k-$40k that's being priced in today. How come that it's trending on $24k on your time as you post?

no doubts for the first crypto, and it amazed me that BTC keep creating new cryptocurrecy records in December 2020, a proof that more institutional investors has fully reorganized the bitcoins/altcoins technology/development. I think that this achievement will remain unforgettable in the minds of all crypt enthusiasts, investors, traders and hunters in the future. It has been wonderful this year. What is your opinion?
2017 was an unforgettable year. 2020 has become another unforgettable year as well. And this year, just as we're just starting the year. Another one which shall be remembered too.


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January 08, 2021, 09:31:04 PM
 #10

It is extremely a good performance (btc trending at $24345, as at the time of writing this post ) no doubts for the first crypto, and it amazed me that BTC keep creating new cryptocurrecy records in December 2020, a proof that more institutional investors has fully reorganized the bitcoins/altcoins technology/development. I think that this achievement will remain unforgettable in the minds of all crypt enthusiasts, investors, traders and hunters in the future. It has been wonderful this year. What is your opinion?

Regardless of the price you posted, (which is obviously wrong), bitcoin's price is going up in record numbers. Institutional investors are the one that is fuelling this bull run and we really don't know when it's going to stop. Of course it already surpassed 2017 high's as we have entered an unchartered territories, and there's more room in this year to even hit 6 figure numbers.

As long as retail, institutions and those companies are investing, 2021 will be the biggest I reckon, even topping 2020. Of course there will be corrections, but if you are going to hold your bitcoin a full year then most likely it will give you a good profits.

.
.Duelbits.
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January 08, 2021, 09:48:55 PM
 #11

It is extremely a good performance (btc trending at $24345, as at the time of writing this post ) no doubts for the first crypto, and it amazed me that BTC keep creating new cryptocurrecy records in December 2020, a proof that more institutional investors has fully reorganized the bitcoins/altcoins technology/development.
I had to refresh my page multiple times to see whether you said about a valuation of $24345 as i am having a few drinks as the market moved away from those valuation a few days back and now the price of BTCitcoin is around $40,110  Cheesy. I would say that institutional investors have identified the cryptocurrency market as an opportunity to make quick profit and hence they are investing billions and you need to understand that once they start booking the profit the price would dump like we have never seen before.

No one knows when that time will come, it would happen that we will cross $100K+ before their booking. Remember 70% of the general online trader and general investor are already liquidate their crypto when we reached at 40k price, because they suspect a huge dump like 2017-18. But I don't see any notable dump, Now the market is going smoothly, it is reached on the overbought area and following the daily volume routine or correction or CME gap.

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January 08, 2021, 09:54:55 PM
 #12

I'm normally completely pessimistic when it comes to the short term value of Bitcoin, and I made the prediction that it would drop for a few months a couple of weeks ago. Its lovely to be proven wrong though.

Right, I also think so, this year will be a golden year for Cryptocurrency, based on the history of bitcoin in the past years :
08 Jan 2016 $     457 (Bitcoin halving happened this year)
08 Jan 2017 $     908
08 Jan 2018 $ 16,476
08 Jan 2019 $   4,028
08 Jan 2020 $   8,161 (Bitcoin halving happened this year)
08 Jan 2021 $ 41,500
08 Jan 2022 $ ..........?
I wouldn't recommend investing based on this assumption though. Just because you've identified something has a pattern, doesn't actually mean there's a pattern. Investment should always consider your financial situation, and the current climate of the world. I feel like with the recent pandemic people might become a little too desperate, and invest more than they can afford to lose, at least expecting short term profit. (There's me being a little pessimistic again)
 
Come on, don't forget to always be careful with the bitcoins you have (if any). Keep your wallet, account on the exchange, and other security safe. Price can fall at any time, so use money that you can afford to lose if you decide to invest here.
I'm not entirely sure what you mean by this, but if you plan on selling at a certain price point, and holding until then keep your coins off the exchange. Its never good practice to store high amounts on an exchange wallet for longer than is required. Personally, I only recommend storing the coins on an exchange wallet moments before selling, and only moments after buying.


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January 08, 2021, 09:59:51 PM
 #13

It is extremely a good performance (btc trending at $24345, as at the time of writing this post )
You posted today and it's only $38k-$40k that's being priced in today. How come that it's trending on $24k on your time as you post?

no doubts for the first crypto, and it amazed me that BTC keep creating new cryptocurrecy records in December 2020, a proof that more institutional investors has fully reorganized the bitcoins/altcoins technology/development. I think that this achievement will remain unforgettable in the minds of all crypt enthusiasts, investors, traders and hunters in the future. It has been wonderful this year. What is your opinion?
2017 was an unforgettable year. 2020 has become another unforgettable year as well. And this year, just as we're just starting the year. Another one which shall be remembered too.

That's the first thing I noticed here. Is he copying an old post here? Seems he forgot to edit what he copied???

This year really started with a bang! Hopefully, we will enjoy a fruitful year in crypto. More adoption and more applications, those will cement the presence of crypto in our daily lives. With more demand, comes good price in the market.

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January 08, 2021, 10:06:26 PM
 #14

To be honest, I'm quite impressed by how high the price currently is. My predicted ATH for 2021 was 80-120k - now I wonder whether I was underestimating the markets, I mean.. we're half-way there already and it's only the second week of January!

I'm normally completely pessimistic when it comes to the short term value of Bitcoin, and I made the prediction that it would drop for a few months a couple of weeks ago. Its lovely to be proven wrong though.
The fact that the "what if this time it's different" idea can actually turn into reality is quite scary and exciting at the same time tho.

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January 08, 2021, 10:14:12 PM
 #15

The fact that the "what if this time it's different" idea can actually turn into reality is quite scary and exciting at the same time tho.
I have a very optimistic outlook on Bitcoin in the long term (which doesn't really focus on a ATH), but right now seeing the values that its already reaching is very exciting, and actually making me think that Bitcoin could become bigger than I expected. The main criticism I'm seeing from various places online is that Bitcoin is getting to valuable to quickly so it'll become an exclusive club, although that's not true in the slightest. Due, to the way Bitcoin is designed, it should remain fairly accessible for its duration. People put too much emphasis on 1 BTC = 40k, but forget that Bitcoin can go right down to a "Satoshi" (0.00000001). People get it stuck in their mind like traditional money where generally people only deal in 0.01.

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January 08, 2021, 10:14:42 PM
 #16

You really need to edit the current bitcoin price that you list on the OP. Even bitcoin has set a record $42K today.


I thought I mislook what OP posted in price anyway maybe it's a typo or he also mislook the price while typing, the price of BTC at $42k is impressive provided it's already just a start of the year, many thinks that like in 2017 ATH once the new year reached it will start to decline in it's price buy it's not what is happening, BTC still increasing and I regretted that I early out some of my BTC.

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January 08, 2021, 10:17:38 PM
 #17

I thought I mislook what OP posted in price anyway maybe it's a typo or he also mislook the price while typing, the price of BTC at $42k is impressive provided it's already just a start of the year, many thinks that like in 2017 ATH once the new year reached it will start to decline in it's price buy it's not what is happening, BTC still increasing and I regretted that I early out some of my BTC.
If we were to go by history (which has stated above isn't the best idea) Bitcoin does tend to correct itself after reaching ATH, but a all time high is only defined by exactly that; the highest amount reached. It seems we might not have set our all time high yet which means that we could still see a hefty price "correction".

Don't regret it too much, depending on your goals most people would have withdrew amounts before reaching any all time high, same as our last all time high a lot of people would have withdrew before it was reached. I tend to recommend setting a personal goal that you'd like to withdraw out, and then just enjoy watching the market from there on out, until you want to buy in again.

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January 08, 2021, 10:18:45 PM
 #18

its true this would be unforgotten since in 2020 we already reached and break its all time high record and right now we are still on the all time high, in no time we could see the price and it would reach $80,000 or more let's hope that this 2021 would bring us all good profit.


Hopefully this can be achieved, I think the initial target for 2021 is to be able to reach $ 50k first, because in the history of transactions in previous years the movement of bitcoin could only reach 100% and there will be a long correction afterwards, hopefully in in 2021 bitcoin could reach a new era and continue to increase over time.
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January 08, 2021, 10:27:45 PM
 #19

I thought I mislook what OP posted in price anyway maybe it's a typo or he also mislook the price while typing, the price of BTC at $42k is impressive provided it's already just a start of the year, many thinks that like in 2017 ATH once the new year reached it will start to decline in it's price buy it's not what is happening, BTC still increasing and I regretted that I early out some of my BTC.
If we were to go by history (which has stated above isn't the best idea) Bitcoin does tend to correct itself after reaching ATH, but a all time high is only defined by exactly that; the highest amount reached. It seems we might not have set our all time high yet which means that we could still see a hefty price "correction".

This hefty price correction you're mentioning about is what every one fears. If BTC was to seriously come crushing down there will be chaos.

We now it will happen one day and we need to be prepared. It could be that the bull run continues for the entire year, but it is also likely that it may not.
This is why we must peer our eye open, and keep up with the market, the consequences could be devastating for many

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January 08, 2021, 10:32:19 PM
 #20

This could be a new ATH and it will always remember by crypto enthusiasts and yes, they will never forget this moment and this will always a part of 2021 that bitcoin has reached the ATH in the record. I guess they will forget the year 2017 bull run, they will keep talking about this year which we experience bull run and doubled the previous ATH.

I'm happy enough to see that the market experienced a massive high, it's proved to the new investors that bitcoin investment has the potential to gain profit if you are holding this.

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.Duelbits.
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