Bitcoin will not reach $50,000

[ice18]

Its bloodbath all over the market before touching the $50k after this small correction It will finally reach this level but be very careful from here as for sure a lot of sell pressure will happen and afraid it will be like 2017 that its the final top in this bull market, $50k is imminent and a huge correction -30%-40% after this is also possible so always take profit. 

[NeuroticFish]

Mostly because of this:
~snip~
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

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

I didn't expect an answer to the rhetorical question, but we are on the same page, and you've also provided me the first good laugh for this week, and that's what I've actually merited.

Its bloodbath all over the market before touching the $50k after this small correction It will finally reach this level but be very careful from here as for sure a lot of sell pressure will happen and afraid it will be like 2017 that its the final top in this bull market, $50k is imminent and a huge correction -30%-40% after this is also possible so always take profit. 

8% for Bitcoin, from which half is already recovered, is far from a bloodbath. 12% for Monero may look like a bloodbath, but it can be seen as a healthy correction after 7 days of continuous growth.
Yes, people take profit now and then, but while it's good to be aware/careful, we don't have to freak out. And maybe I have no idea what I'm talking about, but 30-40% correction is not so much likely (a big correction, maybe, but that big.. hmmm).

[traderethereum]

Its bloodbath all over the market before touching the $50k after this small correction It will finally reach this level but be very careful from here as for sure a lot of sell pressure will happen and afraid it will be like 2017 that its the final top in this bull market, $50k is imminent and a huge correction -30%-40% after this is also possible so always take profit. 

I think it is already getting attention from many traders and panic sell happen in the market.
But I am sure that the situation will back to better, and the price will back increase again.
It is a correction that will always happen to the market, but unfortunately, we do not know how long this will end, so we can back to see the market will rise again.
We need to be patient and careful this time as we do not know if the price will go down for more.

[Viscore]

Looks like I'm still correct as of this moment.

Bitcoin was trading at over $49k and yet it did not break that $50k, price dump again and let's see if it will break the wall in the next ty.
I will still stand with my prediction that bitcoin will not break $50k this year. Good luck bearish traders, 

[MCobian]

Don't be too sure that Bitcoin will not reach $ 50k, because 2021 is very different from the bull run that occurred in 2017. Therefore, I believe
the price of $ 50k will definitely be reached in the near future, we just need to be patient and have faith in Bitcoin. Indeed several times Bitcoin
tried to reach a price of $ 50k, but failed and now the price of Bitcoin has dropped to a price of $ 47k. But it is too early to conclude that Bitcoin
cannot go to a price of $ 50. Because many institutions have started investing in Bitcoin, should keep the Bitcoin price going up. And the $ 50k
target was hit soon.

[ene1980]

Indeed several times Bitcoin tried to reach a price of $ 50k, but failed and now the price of Bitcoin has dropped to a price of $ 47k. But it is too early to conclude that Bitcoin
cannot go to a price of $ 50. Because many institutions have started investing in Bitcoin, should keep the Bitcoin price going up. And the $ 50k
target was hit soon.

It is a huge barrier to overcome and we will see the price crossing that in the near future even though it might take a few months i am expecting the price to rally well above $50k and it is difficult to predict how long the bull market will continue but i am expecting another big rally well past the hurdle before the major correction. 

[Yamifoud]

Do you have a crystal ball mate?

Damn, looks like you are right at some time, but it will not last long, bitcoin will surge again and will easily break that $50k.
Maybe you should make a poll to see how many people believe that bitcoin will hit $50k or not, how about that?

[newwest]

Do you have a crystal ball mate?

Damn, looks like you are right at some time, but it will not last long, bitcoin will surge again and will easily break that $50k.
Maybe you should make a poll to see how many people believe that bitcoin will hit $50k or not, how about that?

Those are two different time because in 2017 which institutions or Elon musk were tweeting about bitcoin. So now after the pandemic the game has changed and all focused for many big companies is now to include bitcoin in their portfolio if they need to stay ahead and make money from in 2021. So demand will only be growing which mean price will rise and only some correction could come when some big whale sell off their positions.

[freedomgo]

Do you have a crystal ball mate?

Damn, looks like you are right at some time, but it will not last long, bitcoin will surge again and will easily break that $50k.
Maybe you should make a poll to see how many people believe that bitcoin will hit $50k or not, how about that?

Those are two different time because in 2017 which institutions or Elon musk were tweeting about bitcoin. So now after the pandemic the game has changed and all focused for many big companies is now to include bitcoin in their portfolio if they need to stay ahead and make money from in 2021. So demand will only be growing which mean price will rise and only some correction could come when some big whale sell off their positions.

Elon Musk is tweeting Doge and bitcoin causing some FOMO, but I think it doesn't do good for the market as it only result to significant growth, then sudden dump, Look at DOGE now, it's slowly dumping, down 7% today and down 21% in 7 days, that's because the hype is over.

https://coinmarketcap.com/currencies/dogecoin/

[ene1980]

So now after the pandemic the game has changed and all focused for many big companies is now to include bitcoin in their portfolio if they need to stay ahead and make money from in 2021. So demand will only be growing which mean price will rise and only some correction could come when some big whale sell off their positions.

It is a solid point, the pandemic has changed the dynamics of the cryptocurrency market. The investors who usually invest heavily in other financial markets are investing in the bitcoin market as they are expecting a economic slow down as the markets are forced to shut down and thereby we are seeing a rally in the market.

[NeverSop]

Looks like I'm still correct as of this moment.

Bitcoin was trading at over $49k and yet it did not break that $50k, price dump again and let's see if it will break the wall in the next ty.
I will still stand with my prediction that bitcoin will not break $50k this year. Good luck bearish traders, 

Even though it didn't reach $ 50k yesterday.  But we all know that and we believe it will.  There's nothing more irony than just $ 100, all economics and math, and we don't have blind spots to see.  Please be patient for the next correction.  If Bitcoin can't hit $ 50k this February, I'll call it a farce.  Lol

[Casdinyard]

I've said a similar speculation before that the market price or ATH will be only around $30k but Bitcoin managed to break my expectancies. I'd say a market price of $50k is now possible, now that it managed to move close to such market value and the decrease we are seeing right now is just in its nature. The price will fall from time to time but the tendency will still be constant for this crypto to break a new barrier and to let go of the resistance. A price higher is possible but I am not certain with it. Also, it is quite confusing still, in my perspective, that a currency which is decentralized will manage to reach its market price at this moment. Well, I guess that's just how this market behaves.

[Ultegra134]

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 ?

Its bloodbath all over the market before touching the $50k after this small correction It will finally reach this level but be very careful from here as for sure a lot of sell pressure will happen and afraid it will be like 2017 that its the final top in this bull market, $50k is imminent and a huge correction -30%-40% after this is also possible so always take profit.  

We could easily imply that the $50.000 goal has been reached already, I mean a difference of $400-500 doesn't change much. However, the case here is way different to compare with 2017. Bitcoin is now receiving world-renowned publicity (At a greater scale than 2017) and this current bull run is being backed by corporations and investors who took action by investing millions.

Let's also bear in mind that many other corporations have integrated Bitcoin and Cryptocurrencies in their service in the past year, such as Paypal, Revolut and others that I'm not familiar with.

Moreover, this isn't a bloodbath by any means, the prices have recovered to yesterday's levels already.

[SquallLeonhart]

There are way too many people who talk about how "it will reach 50k!!!" "you are wrong!!!" and many things like that without reading the OP message. He talked about how we say "20k was the ATH" back in 2017 but reality is even though some places did moved over 20k for a quick period, the accepted one is 19640 or something like that, which is not exactly 20k and not over it neither. So, what did we expected?

We expected that maybe price would be 49940 or something like that this bull run as well, and that could be very fun to see. That is at least what OP was saying, I am not saying that is true or that will happen, all I am saying is that he doesn't mean to say it in a bad way, he just means it would be more fun if we didn't reach the exact number, you can change that 50k to anything and the statement is still true and still quite entertaining.

[hahay]

Correction will always be there but this season the story is very different, no matter how many times the price corrects in the end the price can still be pumped up. Maybe previously thought that this bull run scenario would be the same but in reality it is very different because of the ongoing support, of course it will make the achievement of new ATHs still happening in the near future. $50k is still quite possible.

[Bitcoinislife09]

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 guess the only advantage was if bitcoin will not reach 50,000$ in the market is we can still buy bitcoin at a lower price point if the 50k$ resistance is broken I think the price would skyrocket up to 54k$ and that is where the price would maybe stay for a few weeks, I mean its already just a few thousand dollars before reaching 50k$ so I think it will not be a long time just time what happened in the last ATH of 20k$ that is so difficult to break. Bitcoin growth compares to the past years is different the growth of bitcoin nowadays is so fast it could easily climb up its market in just a few days.

[UnDerDoG81]

Gentleman this is.

[newwest]

Bitcoin finally crossed 50 k and though could not sustain more like I guess it was testing and came down quickly. But good thing few years back was just a dream when it would reach 50k and today was the day when seen it touching that price. Now once it settles down above 50k then quickly it can cross 51-52k also now it seems.

[Fundamentals Of]

You are weird. What makes it interesting?

You sound like a Bitcoin masochist. Lol. I am not even sure if you are truly a Bitcoin supporter. While the rest are hoping that Bitcoin will conquer more prices never seen before, you are here hoping that it will not reach what is already within grasp. $50,000 is nothing.

And for your information, Bitcoin reached $20,000 in some exchanges in 2017, just like Bitcoin already reached $50,000 today.

[STT]

A higher price does not purely relate to success alone, the actual usage of BTC rising with greater utility and efficiency is the main guide.  Price is secondary to circulation at any price with greater volume.   50k or 5k I would look at actual usage as more important, we just all assume the price reflects greater usage but at this moment I think its just showing up speculation and excess dollar currency production in the last year especially.

[price has touched 50k now]