Is it just the starting of fueling Bitcoin for riding to moon?

[Review Master]

Back in 2018, every well known financial institutions were giving negative feedbacks about bitcoin as a longterm assets. Now, everything is changed as those institutions are accepting bitcoin, even making a price prediction a price of six digits . Just look into two of these news.

How it was started: https://www.bloomberg.com/news/articles/2018-07-16/blackrock-s-fink-says-clients-have-zero-interest-in-crypto

Now, it's condition: https://www.coindesk.com/blackrock-give-two-funds-go-ahead-to-invest-in-bitcoin-futures

But it isn't main thing. I wonder for all of those who are already more bearish as they expecting more correction into bitcoin's price. Even lastly bitcoin dumped and everyone be like, lets fall back to 25k or 20k zone. On the other hand, just look into microstrategy who already buy 314 bitcoins worth of $10.0 million at an average price of $31,808. So, correction is needed and i'm wondering that it's just the starting of fueling bitcoin to hit those price of six digits in reality for the long run or reversal is going to happen! let me know, what do you thing?

source: https://twitter.com/michael_saylor/status/1352614708797464582

[Charles-Tim]

Bitcoin has almost already decreased below $31000 before Microstrategy pumped in $10 million which amounts to 314 btc, this really helped bitcoin price to increase and now at $32500 or a price above when I was writing this, this will make some traders to take the advantage of fomo and the price may still increase further, but likely $35000 may be the barrier this time around, but it will be good if bitcoin price can break this barrier if more institutions join and pump in more money. But, if there is still a decrease in price, likely institutions still have to pump in more money or the price may decrease below $30000 possibly.

[batang_bitcoin]

Before it has to get into the $50k-$100k zone, we had to see it dump for so many times. And this dump that we've seen is part of it and you're right. The dump is the part for which it is fueling itself to get ready into a higher zone that we've never seen before. While the small players are putting themselves into panic, the whales are getting themselves those bitcoins that the small players had sold. They'll never understand that we're already far from behind and this isn't no longer 2018 and the clue won't be the same anymore.

[bL4nkcode]

Bitcoin has almost already decreased below $31000 before Microstrategy pumped in $10 million which amounts to 314 btc, this really helped bitcoin price to increase

I feel like that the bought 314 amount isn't the reason why bitcoin increased from 28k as the lowest correction since 37k a few days ago, but instead the news about this and the hype and saying, "if big businesses bought bitcoin at such price why should I not? In which these businesses have financial advisors and experts talking to buy this and gain moore"

[bosede1]

This is just the starting point of fueling bitcoin for riding to the moon, with many companies interested in Bitcoin even Paypal and many celebrities investing in bitcoin it has gained a lot of recognition with their involvement.

[cabron]

Facebook speculators wannabe  says its just the start and the possibility that BTC price will not dip back to 20k is higher because of the supply that cant keep up the demand.  When the big names says the price could rise up to $100,000 it could happen or they may just be hyping it because when it comes to crypto anything can happen.

[taufik123]

Facebook speculators wannabe  says its just the start and the possibility that BTC price will not dip back to 20k is higher because of the supply that cant keep up the demand.  When the big names says the price could rise up to $100,000 it could happen or they may just be hyping it because when it comes to crypto anything can happen.

Regardless of the price of bitcoin, it can happen and be achieved immediately. $ 100,000 for Bitcoin may not be impossible considering the current history of bitcoin. Just imagine when the price of bitcoin was still at the price of $ 5 and currently it was able to reach $ 40k, that was a very biased thing. Bitcoin is well developed and it is increasingly in demand. Indeed, there is a lot of speculation on the price of Bitcoin, but some of the speculations expressed are like the speculation of Jp. Morgan who says Bitcoin is capable of reaching $ 146k USD is possible.
crypto is a digital currency capable of boasting the impossible.

[maxig.boroday]

This is just the starting point of fueling bitcoin for riding to the moon, with many companies interested in Bitcoin even Paypal and many celebrities investing in bitcoin it has gained a lot of recognition with their involvement.

True! Many companies are riding in with the cryptocurrency market and we are talking about the big companies not just small ones.. This will give bitcoin a huge pump for the future!

[Eureka_07]

Actually, IMO, I think new ATH is coming for bitcoin. It's been really holding great above $30,000 recently. Bitcoin's price history, as I understand it, tells that the current price range of bitcoin will go higher soon. Maybe $43,000?
Just my opinion.

[Wenbing]

Back in 2018, every well known financial institutions were giving negative feedbacks about bitcoin as a longterm assets. Now, everything is changed as those institutions are accepting bitcoin, even making a price prediction a price of six digits . Just look into two of these news.

How it was started: https://www.bloomberg.com/news/articles/2018-07-16/blackrock-s-fink-says-clients-have-zero-interest-in-crypto

Now, it's condition: https://www.coindesk.com/blackrock-give-two-funds-go-ahead-to-invest-in-bitcoin-futures

But it isn't main thing. I wonder for all of those who are already more bearish as they expecting more correction into bitcoin's price. Even lastly bitcoin dumped and everyone be like, lets fall back to 25k or 20k zone. On the other hand, just look into microstrategy who already buy 314 bitcoins worth of $10.0 million at an average price of $31,808. So, correction is needed and i'm wondering that it's just the starting of fueling bitcoin to hit those price of six digits in reality for the long run or reversal is going to happen! let me know, what do you thing?

source: https://twitter.com/michael_saylor/status/1352614708797464582

Earlier this week, i was interacting with a friend over the bearish run and the current correction caused by two factors which are one, the rumor of double spend flaw and two, the Bidden ascension to power. I was predicting that the only thing that could cause a bull run soon, is that institutional investors start buying btc, else bull run will happen in the next halving.

Seeing Microstrategy investment might means that btc price will start increasing soon, as investors follow the trend.

Actually, IMO, I think new ATH is coming for bitcoin. It's been really holding great above $30,000 recently. Bitcoin's price history, as I understand it, tells that the current price range of bitcoin will go higher soon. Maybe $43,000?
Just my opinion.

If the last ATH was around $42,000, it showed that the next bull run will be higher than that, i think it would probably be $50,000 plus.
i see Microstrategy founder will be one of the investors that will maximize the return, and i think the strategy of Microstrategy is to hold for the long run and not to cash out in the short run.

[moderator's note: consecutive posts merged]

[Sterbens]

It's time for bitcoin to take a break, the market has been panicking small traders for a long time when bitcoin has risen since December, and it made them lose hope. Investors, whales and miners do they have the initiative to make small traders own more bitcoin? sadly i didn't see that.

[SaShiRaJaVu]

Back in 2018, every well known financial institutions were giving negative feedbacks about bitcoin as a longterm assets. Now, everything is changed as those institutions are accepting bitcoin, even making a price prediction a price of six digits .

The only difference i see is that in the past these financial institutions used to invest without any media coverage of them investing in the cryptocurrency market while the top brass come out and bash the entire market while they are investing in the background and now most of them are coming forward and bragging about their investment  .

[AniviaBtc]

This is just the starting point of fueling bitcoin for riding to the moon, with many companies interested in Bitcoin even Paypal and many celebrities investing in bitcoin it has gained a lot of recognition with their involvement.

Even Pornhub already adopted bitcoin and no one is expecting for that kind of platform to engage on it.

Bitcoin's dream to ride to the moon is really feasible and people are getting excited to it as we all see those positive news towards it last year 2020.

Big companies are now introduced in the existence of cryptocurrency which they know that it can be used as a payment tool for big transactions. There's a lot of things that can happen in bitcoin industry that's why we are ready and excited on what will happen next in its journey.

[Latviand]

Actually, IMO, I think new ATH is coming for bitcoin. It's been really holding great above $30,000 recently. Bitcoin's price history, as I understand it, tells that the current price range of bitcoin will go higher soon. Maybe $43,000?
Just my opinion.

Maybe $45,000 will do. I'm really waiting for bitcoin to reach $45k or $50k before I sell and buy in the low.

No one's expecting for bitcoin's price to reach that price this month which really occurs but maybe sooner or later, that milestone happens.

Right now, bitcoin's price is only staying at $27k to $33k which can really be sketchy and hard to predict but holding your bitcoin with accountability will be worth it soon because I know that bitcoin can really soon ride to the moon.

[FIFA worldcup]

Michael Saylor has been buying all the dips but i think bitcoin is now in sort of a correction phase. Everything cannot go parabolic up and needs a rebound and same is happening with bitcoin now. I hope this bearish trend will end in a few days time as bitcoin is very strong fundamentally.

[dothebeats]

There'll be a lot of corrections and dips along the way, and Michael Saylor is just doing a common strategy that I believe most traders apply up to this day: dollar-cost averaging. They have been buying non-stop along the way, and understanding that the market cannot be timed whatsoever, they just bought heaps of bitcoin that they are comfortable with on amounts that they have decided would be the best to invest. There are a lot more stops and checkpoints before we 'moon' again, and one of the most vital part of that would be big companies getting in on the scene (like BlackRock) that is constantly being urged by companies such as Square Inc. and MicroStrategy to get their feet wet.

[Tstar]

This is just the starting point of fueling bitcoin for riding to the moon, with many companies interested in Bitcoin even Paypal and many celebrities investing in bitcoin it has gained a lot of recognition with their involvement.

Even Pornhub already adopted bitcoin and no one is expecting for that kind of platform to engage on it.

Bitcoin's dream to ride to the moon is really feasible and people are getting excited to it as we all see those positive news towards it last year 2020.

Big companies are now introduced in the existence of cryptocurrency which they know that it can be used as a payment tool for big transactions. There's a lot of things that can happen in bitcoin industry that's why we are ready and excited on what will happen next in its journey.

Pornhub was kind of forced to adopt Visa/MC alternatives after they halted Pornhub's payments.

But I expect that more and more companies will willingly accept crypto in the foreseen future.

[yenivera]

Actually, IMO, I think new ATH is coming for bitcoin. It's been really holding great above $30,000 recently. Bitcoin's price history, as I understand it, tells that the current price range of bitcoin will go higher soon. Maybe $43,000?
Just my opinion.

If the last ATH was around $42,000, it showed that the next bull run will be higher than that, i think it would probably be $50,000 plus.
i see Microstrategy founder will be one of the investors that will maximize the return, and i think the strategy of Microstrategy is to hold for the long run and not to cash out in the short run.

Of course wil be new ATHs. Probably it would be 50k or more. But the real problem is time? When? One or two month? or two year later. Maybe more time.

[ChrisPop]

Indicators that the institutions are getting hard into Bitcoin are everywhere. You just need to look and follow their footsteps. There is also FUD on the media as always and that acts as a scarecrow for retail investors. Professionals know that the higher timeframes are still rock-solid. You can imagine that all these funds and companies have taken into account the volatility of crypto markets and they expect violent moves. Logically, the plan would be for them to DCA into these dips/into engineered liquidity if you'd like. See MicroStrategy example. Probably more will follow soon. Watch the news

[imstillthebest]

maybe those institutions have an amnesia . did they already forgot the negative compliment that they slap at btc back at the year 2018 ? they gave positive compliment like there was nothing wrong but they should apologize  .

and on what time did grey scale bought btc ? btc were lifting off already if the buying happened for not so long  .
 
 300 plus bitcoins is alot of added fuel to btc and that will be enough for it to land not ony in the moon but in venus