Bitcoin will not reach $50,000

[pixie85]

The cult of round numbers strikes again

What's so important about 50 thousand? We had no problem with surpassing 30 and 40 so why sould we stop exactly at 50? Do you have your magic ball with you?

Not only $50k but also $60k is possible for bitcoin. Just wait some times to see where the price of bitcoin ends. Bitcoin isn't far away from $50k and hopefully it will cross $50k very soon.

100 is possible if we're at this prediction marathon.

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[Silberman]

I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

That's not how markets work, markets are not here to bring entertainment to us they just move on supply and demand, that's it, we were very close this day to reach 50k and while we could always watch a correction the market is simply too strong for a crash to happen right now, you need to make trades with high probability of winning and going against bitcoin at the moment despite of how interesting you could find it is a terrible move that will cost you a lot of money if you actually make it.

[uneng]

I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

I understand your point. On last bull run many people were waiting btc to hit 20,000$ to sell their coins and cashout profit in fiat, but as it didn't happen those people were surprised and had to sell their coins cheaper on that time or waited by now to finally cashout their profit with a bigger profit margin. Like on that moment, now there could be some investors waiting btc hit 50,000$ to cashout, following the same strategy.
But would the market be so predictable like this?

[dunfida]

I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

Possible! but if we do try to look into the price, it is almost hitting that level or resistance but the thing here is that it is been rejected for how many times.
We need some other positive news to push up the price, havent able to reach out or breakthrough doesnt mean that it would be automatically meaning
off on possible huge or bad correction to happen but well we cant really cross out that probability because it can really happen anytime.
Its just not right to make up conclusions that it wont break out 50k yet we are almost there atm.

[jossiel]

The comparison from the last bull run and today's are no longer viable. They really have a different run and we could see different variations and signs if this bull run is about to last. But I get your idea of the what-if so that we can have a sign if it's about to sell whether it will be the last turn for this bull run.

But to look at what happened for the past two months, bitcoin just proven that it can break higher barriers without any struggle.

[Oasisman]

What do you think ?

$50,000 as a strong resistance is within our reach already, and there's still a lot of money poured into Bitcoin. So, I don't think Btc will not reach $50,000 level.
The market is interesting enough whether It reaches $50k or not. The 2017 pump happened so fast, that it started to dump late in January and that doesn't give good first impression from the new investors, therefore I don't think that's more interesting bull run than this year.

[romero121]

Reaching $50k will happen soon, but the same might not stabilize as we saw with the price growth during the year 2017. Once it moves above $50k we can expect sudden rise in the market or a downturn. We're in the high market, and there is no big volatility this time. The growth has been happening in a very gradual manner. More and more number of positive news are getting into the cryptomarket than negativity.

[vintages]

I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

Same here, I have this exact feeling too this. The way a lot of people were expecting Bitcoin to hit 20,000 last year is the same as now. A lot of people were disappointed, and some even sold. We will be expecting something similar now, though. Personally, I am not in too much rush for it to click $50k, cause when the market is corrected, it comes back much stronger.

[Ridwan Fauzi]

The different situation can be made as a factor for me to dissagree to your statement. Indeed, bitcoin was failed to reach $20.000 after has tried many times to reach $20.000 and after that its price just dump hard and make many people lose their money. But, at this situation I'll doubt it.

Since many investors are coming especially instutional investors are coming to store their money into bitcoin we will never see bitcoin price dump a lot. Also, the current situation has made bitcoin being accepted by most companies like mastercard, apple and many more. They will help bitcoin become new technology can be used by most people, it means mass adoption is coming. So, the bull run is not over we will see a huge increase later.

[dimonstration]

Not only $50k but also $60k is possible for bitcoin. Just wait some times to see where the price of bitcoin ends. Bitcoin isn't far away from $50k and hopefully it will cross $50k very soon.

It will that price real soon and can more other resistance once it reach 60k dollar, there are already many companies who noticed BTC and it just a matter of time before it will be able to reach that amount. Adoption and importance of BTC were highly used and determined now by many since big companies already invested in it no matter how volatile the market is

[stompix]

I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

You should have made the title something like "What if X", "If x, what are you going to do" etc etc.
You're ruining my fun in collecting topics that are predicting price changes, dump, and pump only to be proved wrong in less than a week in some cases a day.

Now the minimum was 3000-3500$. So why wouldn't this bull run or bubble go until nearly 300k$? It's just as good number as any.

Mostly because of this:


If one thing happens twice it doesn't mean it will happen twenty times, while 300k is perfectly doable what do we do next time when we're supposed to go somewhere between 4-5 million, not even speaking of the crash that is supposed to happen  , bitcoin has a habit of ignoring patterns just when you're 100% sure it won't and you've put all your money on it.

But yeah, that is the conclusion everyone should know by now,  every number could be the new ATH for the next 2 or 10 years, it's one thing saying bitcoin will reach 300k, and a different one saying it will hit 66872, 108635, 86311,25612,172091, and finally 300k in that exact order. Trying to predict it looks funny but after you've been around for so long it's beginning to look like an impossible and fruitless task.

I don't believe we're up for a hard correction like the one in 2018. Why is that? Because we're moving much slower this time. It took us maybe 20 days to go from 10k to 20k and correct back to 10k.

I have a feeling the 32 to 1$ crash is dying of envy right now.

[wheelz1200]

I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

This bull might be a little different than the last one.  So much more bigger players are in on this one.  With that being said can we have already topped yeah could be and a retrace is in order, but then next bull we will surely see prices way higher than $50k.  No.linear line in this market so yes it is possible...I personally thing there is some play up through 60k then a nice retrace but then again I didn't call this run so who knows.

[arufox]

I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

It's different bro. When Bitcoin fails to reach $20,000 it's because we at the end of the bull run more precisely December 2017 and 4 years after that is 2021 and now we are still early, still in February so too fast if you say the bull run over. If we already in December and you see price dumped, maybe your question is relevant.

[Twinkledoe]

Not only $50k but also $60k is possible for bitcoin. Just wait some times to see where the price of bitcoin ends. Bitcoin isn't far away from $50k and hopefully it will cross $50k very soon.

It will that price real soon and can more other resistance once it reach 60k dollar, there are already many companies who noticed BTC and it just a matter of time before it will be able to reach that amount. Adoption and importance of BTC were highly used and determined now by many since big companies already invested in it no matter how volatile the market is

And contrary to what the OP posted, seems that $50k is already coming as the new ATH hits 49716 according to coindesk. That's only few hundred dollars to 50k. As there are more companies joining this race, 50k is very easy in the next coming days. Once we surpassed 50k, people will clamor for 60k. If this will continue, at the end of this year, 100k is possible to happen.  Remember, there are a lot of known companies integrating crypto in their payment system. So the adoption is already increasing.

[El duderino_]

I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

I just think, where does your forum activity comes from, cannot be from BTC-minded threads, right??

[STT]

Some people would take that as a negative but I already count BTC as having reached 50k basically.   We have numerous FIAT currencies all over the world and many are already at that point or there are private exchanges where the agreed price was at 50k or higher.    Anyone who deals in escrow that kind of thing will frequently set a price around the market not exactly at the market, so that easily takes us over 50k for some people right now.   If you ever bought holiday money and noticed the rate was a little different, its because they put their costs into the stated price or exchange rate so its common practise and its possible this happens with various goods etc. off exchange not quite so keenly bid.
   Hence we already exceeded 50k in transacted BTC price in a few sites Im fairly sure, it can be a psychological thing where people put theirs orders to the nearest flat number so lets see if there is any effect from that.

[judeafante]

I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

Anything can happen I never expect that Bitcoin will reach the $45,000 mark this early and your assumption that Bitcoin will not reach $50000 is debatable, you are assuming because of the past history, I think we are in a different scenario which is great one, I would like to enjoy the ride while it last if there are corrections I will accept but I figure that it will not result in a crash, not this year.

[philipma1957]

I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

it did reach 20k in some exchanges in dec 2017 so I think you are wrong.

[kawetsriyanto]

If the Bullrun scheme will be 100% the same as the previous one, it is not interesting at all. How can you state it "interesting"? Surely, it will be more interesting when the Bitcoin price can pass $50,000. Then people will speculate how far the improvement of the price, does it reach $100,000 or not? In my opinion, it is much more interesting than seeing the same scheme again.

[Kemarit]

I realized that the market would be more interesting if bitcoin will not reach $50,000 at this bull run.

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.
So I'm thinking maybe it could happen this time and we will call it " bull run over" while watching the price dump.

What do you think ?

The scenario back then is very different as today's bull run. The 2017 bull run was fueled or at least hype but the CME and CBoE bitcoin future contracts entry into the picture. But today, the catalyst is big companies hedging their wealth into Bitcoin.

If you have to compare it though and with your argument, $20,000 was the all time high set back then. And once we reach it, the bubble has been burst. But in last 2020 when we surpass it, the price didn't go on a bearish trend, but the opposite happen and now we are in the moment wherein the big numbers of $50,000 could be broken.