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Author Topic: Bitcoin will not reach $50,000  (Read 476 times)
Viscore
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February 14, 2021, 11:26:12 AM
 #1

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 ?

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February 14, 2021, 11:48:24 AM
 #2

$50,000 could actually be small, compared to what the price of Bitcoin will prolly be at the end of this year (2021); tbh, I do not expect the sort of correction that'll feel like it's "bull run over", I expect Bitcoin to break the 50k mark sooner than later, it's up to 49k already, and 50k upwards should be expected in the coming few weeks.

Having said that, I'm pretty sure we all are curious to see how far this run can go, we've predicted/speculated that institutional Investment should make a difference, as we aren't expecting a sporadic and serious plunge. It's definitely going to be an amazing journey with Bitcoin from now till the end of the year, it's much better if your hodl.

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February 14, 2021, 11:51:28 AM
 #3

I think it would be even more interesting if I randomly received 100BTC to my wallet. Grin

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February 14, 2021, 12:05:17 PM
 #4

But it is not the same as back then, institutional investors are still a scarcity back when it didn't reach 20k but now it is different, we are pushing the third month and the price is still going up meanwhile the sharp drop in 2017 started in January. The price will reach 50k, rumors of big institutions buying bitcoin grows louder so we can expect that the market will only go up.

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February 14, 2021, 12:20:32 PM
 #5

too soon to conclude that. Currently, bitcoin price is $ 49570 (preev), and it will continue to grow. I think, when the $ 50k price breaks, a higher price will be reached, and the bitcoin price will stabilize at that price. well, I think that in the near future, the price could reach $ 50k.
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February 14, 2021, 12:34:45 PM
 #6

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 ?
Well, I think that is not gonna happen because first, Bitcoin is now a couple of steps from reaching the $50k mark to be exact it is $500 away. Secondly, today's market is far different from what we have way back then as today's growth is more firm and strong due to large institutions are now venturing and I don't think they will sell-off sooner thus expect that it will go up even more. While the market way back 2017 on the other hand. are more likely caused by FOMO. But correction is inevitable so we might experience some pullback after hitting $50k.

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February 14, 2021, 12:48:14 PM
 #7

Maybe $50,000 is not the max years, maybe it's $100,000, no one knows but that opinion of yours is 10% of happening since bitcoin has already hit $49700 24 hours high in https://www.binance.com/en/trade/BTC_USDT. Don't try to sleep, we will see that $50k soon enough.

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February 14, 2021, 01:31:43 PM
 #8

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

Interesting for whom? For all those who pray every day for a correction to finally happen and for the price to be at least $10 000 again? I really thought people had learned at least something from the previous bull run, but one large percentage of people on this forum still believe that 2021 should be the same as 2018. It would be good to finally wake up and accept reality.

What do you think ?

I think your only chance for a big correction is for everyone to come together and launch a petition that you will then send to Elon Musk and all other big investors - if they dump everything they bought, your wish will come true.

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February 14, 2021, 01:38:19 PM
 #9

I'm not giving up to think that Bitcoin will able to reach $50,000. It is just a few more steps or a little bit pushed we finally achieve that. Many investors are now in FOMO, might this give help. As many rich people are advertising Bitcoin on social, the more chance we get.

Just keep your faith mate, nothing is impossible in crypto.

Don't try to sleep, we will see that $50k soon enough.
I hope we won't but I think it is more surprising when we woke up and saw the market surpassing $50,000.

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February 14, 2021, 01:38:23 PM
 #10

$50k will be a possible price for bitcoin to reach in the next rally, but $100k will not possibly happen this month as that price will be too high for bitcoin to increase temporarily.
But $100k will be possible to happen this year or next year as if more companies join and support bitcoin, that will be wide open for the price to rise so high.
If that can happen, we might see bitcoin not just touch $100k, but it could be more than $100k.
But I do not expect to see a bear trend will come so soon as the price still increases so that the price can get another rally this month.

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February 14, 2021, 02:05:56 PM
 #11

I think we see it today.
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February 14, 2021, 02:11:48 PM
 #12

We all know that all trading patterns that were invented were based on historical data, and if we are to consider these happenings to previous events with crypto, it's definitely a possibility. But right now, I do believe that with the richest man right now, Elon Musk, hyping cryptocurrencies *ehem Doge* it's not going to be easily a downfall from here.

If it comes to that, I don't think it would be easy coming back to the ATH.

You know, I'm hoping for BTC to crash down even a little bit so that I could buy more. Long Term HODL.

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February 14, 2021, 02:33:24 PM
 #13

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 it's a joke but I don't see the humor in it. Or if you are serious, I understand that you don't hold Bitcoin, or hold very little.

What do you call interesting?

I call interesting more and more companies are accepting bitcoin as a means of payment and buying it for their balance sheets.

I call interesting growing demand and dwindling supply because of halvings and because people are reluctant to sell at the thought of Bitcoin's future potential.

I call it interesting that more and more people are recognizing Bitcoin as the world's best store of value.

Etc.

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February 14, 2021, 02:52:09 PM
 #14

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.
Now from the last ATH we're already 2 months in and counting. There hasn't been a single huge spike up, but instead we're going up by 5k, correcting and continuing up a week later. I believe we're going to need a strong FOMO rally to experience a 50% correction this time.

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February 14, 2021, 03:11:07 PM
 #15

The  peak of the cycle will have a huge hourly candle just like it was during the previous bull runs. This is not what we are seeing now - the price has been stable around $47,000 for the third day already. If you remember the $20,000 ATH, it last for just a few hours or even less, and the price was actually around $16,000 during the days around ATH.

So, if the peak was reached soon, we'd see something like $56,000 that would hold only momentarily.

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February 14, 2021, 03:13:57 PM
 #16

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 ?
Market is always unpredictable so we never compare the past journey of Bitcoin, Because we see lot of issues was created in past travel. But finally we see the good return of crypto market.
1. $50k is depends on demand of investors.
2. Bull run is not over in current situation so we expect the good return.
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February 14, 2021, 03:42:25 PM
 #17

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.
It would be great if we see a correction right now but with major investments coming from big companies like Tesla you cannot predict how long the rally goes. I booked some of my profit and i am waiting for the market to go down but i am not sure how long the rally last and it is even possible we could breach the resistance at $50k then we might even go near $70k and that is my expected valuation right now before the correction.

No matter how much anyone try to FUD, BTC will be here for the future
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February 14, 2021, 04:39:32 PM
 #18

I think we see it today.
if not today then surely this week.

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February 14, 2021, 04:46:12 PM
 #19

Just like the last bull run, bitcoin did not reach $20,000 and the price corrected hard.

You are comparing apples with oranges.
The previous minimum was 200-250$ (maybe less) and indeed that bubble ended just before 20000$. 100 times growth.
Now the minimum was 3000-3500$. So why wouldn't this bull run or bubble go until nearly 300k$? It's just as good number as any.

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February 14, 2021, 04:58:25 PM
 #20

I agree, the price could never go 2% higher than it is right now.  Bull run is over, sell your coins to me please.
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