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michellee
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March 14, 2021, 11:22:48 AM
 #41

I think we are not yet in a bullish trend, what we are experiencing is a stage where much institutional investment is entering, but I believe that the usual whales of the Bitcoin market have not yet entered into action, if we see the million dollar wallets of 100- 1000 BTC there is no variation, it is always in the same percentage of 62% -63%, in 2017 this percentage grew to almost 80%, of course it is not reliable but it can be used as an indicator.
We can't compare the bullish sentiments of 2017 to today, as you have said, institutions are the main driver this year. There's no Tesla that investment on 2017's bull run. And with that, I will tell that the last quarter of last year and today should be obviously considered as bullish trend already. We have been breaking all time highs like every month or so, that's bullish to me.
The situations are different now. This year, many big companies want to integrate their system using bitcoin, and many big companies also want to invest in bitcoin. The bullish trend will come this year, and we already see what happen with bitcoin price, so the chance for bitcoin to increase more will wide open. With the increasing bitcoin price now at $61k, the trend now is bullish, but we still need to be careful because the bearish trend will come after this, even if that is a little down.

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March 14, 2021, 01:58:43 PM
 #42

Many argue that Bitcoin made it to the new all time high because of the tweets by Elon Musk, or the next opinion as the US government starts
distributing stimulus checks of $ 1400. Whatever the reason, I don't really care about it. The most important thing is Bitcoin is still in a bullish trend
and there is a possibility that the rising price of Bitcoin will not stop anytime soon. Because several times Bitcoin has tried to cross the resistance
price of $ 61k, if today it manages to touch the price of $ 62k, means Bitcoin price will soon go up to a price of $ 70k or $ 80k.
I don't think this is ALL because Elon did a tweet again but we can't leave the possibility that it fuels the market to hype. Maybe we are thankful to him for this and we have to take this opportunity as well to make a sell coz I believe that this will never last for long and it drops again. I'm not discouraging people to still hold but I was giving some hints that not all the time we are in hypes, it sometimes goes down. While we have at this Bullrun, it is the wisest thing to sell some of our Bitcoins.


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March 14, 2021, 05:39:05 PM
 #43

^ Thought price was going up because of stimulus approved. We saw what happened the last time the US government put money in the hands of people, a lot of cheques went straight to Coinbase. People would have been envious of those who did it at the time, don't see why this latest round of cash won't also go right into Bitcoin, maybe even more this time.

Not to ignore the potential effect of ETFs, it's just that guys like MicroStrategy themselves are admitting that they're aggressively seeking out alternatives to getting more Bitcoin. They're not sitting around for ETFs.

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March 14, 2021, 05:41:08 PM
 #44

if btc could range for a months or 2, that would be great for the alts... Smiley

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March 14, 2021, 06:59:25 PM
 #45

...
I don't think this is ALL because Elon did a tweet again but we can't leave the possibility that it fuels the market to hype. Maybe we are thankful to him for this and we have to take this opportunity as well to make a sell coz I believe that this will never last for long and it drops again. I'm not discouraging people to still hold but I was giving some hints that not all the time we are in hypes, it sometimes goes down. While we have at this Bullrun, it is the wisest thing to sell some of our Bitcoins.
sell it or not, it's up to you, make the best choice for yourself...
If you are working to earn Bitcoin and you are living on Bitcoin then selling it now is a good opportunity but if you are not living off Bitcoin and choose Bitcoin as your future investment then Hodl is a wise decision.

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March 14, 2021, 09:08:15 PM
 #46

[snip]
Because we're going to see another ATH and that's the barrier that bitcoin has to break. The next stop and goal would be bitcoin reaching $70,000. Just one step at a time until we go near $100,000.
Well, this is quite possible that will happen and the most anticipated by most holders is to reach the $100k price in bitcoin. We saw another ATH as of now and I think it will always end growing up high even though there is sometimes a correction of price in the market. However, perhaps it is time to conclude that bitcoin price has its own growth and it is impossible to repeat itself just like what happened in the past halving of bitcoin.
We dont know what is the reason for this sudden growth of bitcoin price, perhaps it because again of Elon Musk or just because of Paypal announcement.
[snip]
And what do you mean by the impossible to repeat? we've actually seen history repeated itself but it has surpassed that history which was the known bull run of the past.
Well, that is right --it was already repeated the last bull run in the past but the price did not down as we have experienced in the past, right after the bull we experienced a massive down price that almost in the bottom and that is impossible to repeat. We that there is no a continued growth of bitcoin and anytime it will down but I fell it that this time it won't happen. We have many investors from institutional to individual big names who invested a lot, we are not in a hype. Perhaps, the $100k is on our way and a strong hand will always have benefits during the price spike.









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March 15, 2021, 01:32:32 PM
 #47

[snip]
And what do you mean by the impossible to repeat? we've actually seen history repeated itself but it has surpassed that history which was the known bull run of the past.
Well, that is right --it was already repeated the last bull run in the past but the price did not down as we have experienced in the past, right after the bull we experienced a massive down price that almost in the bottom and that is impossible to repeat. We that there is no a continued growth of bitcoin and anytime it will down but I fell it that this time it won't happen. We have many investors from institutional to individual big names who invested a lot, we are not in a hype. Perhaps, the $100k is on our way and a strong hand will always have benefits during the price spike.
Yes, it didn't go down and I don't see it as a problem and neither a negative thing. But if what you're saying is that impossible to be seen is the bear market that has followed after the bull run, it is not impossible. Remember that bitcoin is volatile.

Anything can happen just as it is today that from $61k, went a bit to $55k to $56k. I'm not bearish but I'm only telling you that all of the possibilities, negative or positive are possible.

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March 15, 2021, 03:15:26 PM
 #48

A series of price thresholds that people often perceive as "bitcoin bubble" have been broken with a series of new ATH records.  $ 61k was formed last week and in this week's correction, at the price level where bitcoin overcame all challenges, fuded all the rumors, fuds convincingly.  In my opinion, the value of bitcoin will be in the moon phase and it will continue to be driven by a trillion dollar asset, it will still have the incentive to create the next ATH masterpiece.

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March 15, 2021, 10:45:07 PM
 #49

Bitcoin start the year with $28,800 and now it as doubled in value $58,300 late last month, since the correction, it rebounded, now threatening to break another all time high
The correction will come.. Yes, no coins will always pump, but you must know that we will continue to rise if the chart repeated, this bullish season until the end of the years, so don't fear about buying crypto, buying today or tomorrow is doesn't matter, our main target is clear.. End of years

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March 15, 2021, 11:29:19 PM
 #50

sell it or not, it's up to you, make the best choice for yourself...
If you are working to earn Bitcoin and you are living on Bitcoin then selling it now is a good opportunity but if you are not living off Bitcoin and choose Bitcoin as your future investment then Hodl is a wise decision.
If people sell their Bitcoin, sooner or later they will regret their decision. My asset once reached 2 bitcoins and I sold it, if I still hold it until now, I will be so happy, but..."I must strong and stop regret about the past" I mean even if people sell their Bitcoin and get profits, they will regret it, because the price will continue to increase. So hold is the right step

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March 19, 2021, 01:08:13 AM
 #51

Bitcoin start the year with $28,800 and now it as doubled in value $58,300 late last month, since the correction, it rebounded, now threatening to break another all time high

We'll know the new all time high until the bear market sets in and until we finish the year, the market keeps setting up milestone and keeps moving up, the ride still continues, there are people predicting it will go higher than $100k but that's still to be seen, we must take this opportunity to make profit because nothing last forever.
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March 19, 2021, 09:35:14 AM
 #52

Bitcoin start the year with $28,800 and now it as doubled in value $58,300 late last month, since the correction, it rebounded, now threatening to break another all time high

We'll know the new all time high until the bear market sets in and until we finish the year, the market keeps setting up milestone and keeps moving up, the ride still continues, there are people predicting it will go higher than $100k but that's still to be seen, we must take this opportunity to make profit because nothing last forever.

We are still in March, barely reaching the 1st quarter of this year. And that is why a lot of speculators are still predicting that $100k will come this year. So the latest high at $61k could be easily broken this year or even this month.

And that is why this year is really interesting, enjoying the bull run, but we all know that the bearish trend might come though. Bitcoin can't go parabolic like this, so it's better to take this opportunity and make profit and then leave something for the worst, just saying.

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March 19, 2021, 11:28:30 AM
 #53

Many argue that Bitcoin made it to the new all time high because of the tweets by Elon Musk, or the next opinion as the US government starts
distributing stimulus checks of $ 1400. Whatever the reason, I don't really care about it. The most important thing is Bitcoin is still in a bullish trend
and there is a possibility that the rising price of Bitcoin will not stop anytime soon. Because several times Bitcoin has tried to cross the resistance
price of $ 61k, if today it manages to touch the price of $ 62k, means Bitcoin price will soon go up to a price of $ 70k or $ 80k.

Those maybe one of the reason why bitcoin remains in a bullish trend up until now but i think bitcoin can make it where it was now it's because of its blockchain. But yeah to be honest, investors, traders or simply we the people and the community that believes in bitcoin was the top reason why bitcoin was still in the bullish trend.


We are still in March, barely reaching the 1st quarter of this year. And that is why a lot of speculators are still predicting that $100k will come this year. So the latest high at $61k could be easily broken this year or even this month.

And that is why this year is really interesting, enjoying the bull run, but we all know that the bearish trend might come though. Bitcoin can't go parabolic like this, so it's better to take this opportunity and make profit and then leave something for the worst, just saying.

Yes we are still in March, 1st quarter of the year and if we look back at the time of christmas season year 2020 we are waiting for an ATH which reached $22,000 and now it has a $54,000 so we can definitely announced that bitcoin was record breaking on its own ATH.
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