What's Next? After Bitcoin Passes The 60K Mark......

[jaysabi]

Is bitcoin for speculation only?   or it is really useful in our daily life?  just curious..  What product can we buy by using bitcoin only...   how many Merchant accepting bitcoin?   is it a huge number?   what do you think?

There are many stores in the world that accept Bitcoin, France, Italy, Spain and there are many stores that you can buy with Bitcoin, although Bitcoin is now quite famous as a speculative action, it has a lot of weight for investors worldwide, such as Elon Musk, Paypal, Microestrategy, among others.
 
In countries with rampant inflation it is much better than gold, some gold investors have passed everything to BItcoin, the son of the controversial Peter Schiff has already done so, there are some statements from the president of the FED that it is likely that gold can be substituted for Bitcoin due to its high speculative power, but not as a safe haven due to its high volatility and lack of support.

When observing all these eventualities and taking into account that we are still in a pandemic and even so, Bitcoin has had new ATHs, it is only a matter of time before they begin to implement the payment of goods and services through Bitcoin on a world level, adoption is a fact.

Having places to spend it is only half the issue with it being a mainstream currency. The other half is people willing to spend it as a currency and not treat it like a store of value, which is all the posts are concerned with anymore.  Bitcoin is never going to be a currency if it's treated like a store of value.

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[tbterryboy]

Is bitcoin for speculation only?   or it is really useful in our daily life?  just curious..  What product can we buy by using bitcoin only...   how many Merchant accepting bitcoin?   is it a huge number?   what do you think?

There are lots of things that you’re going to be able to do with your bitcoins and most of them are usually peer to peer that you would be able to do those, you will hardly find a platform where they are accepting Bitcoin online, because it’s hard to use bitcoin for these big companies, it’s not like when they are making use of options such debit and credit cards, where payments can be verified the second you make them, but as for Bitcoin they are going to have wait to verify or confirm the transactions, which most times they have to do it manually, so it wouldn’t make much sense for them making use of it since it’s going to be a waste of time which wouldn’t be good for big business with lots of customers, the methods that can be verified instantly. But you can use bitcoin when it comes to peer to peer, I do that most times.

[LUCKMCFLY]

Is bitcoin for speculation only?   or it is really useful in our daily life?  just curious..  What product can we buy by using bitcoin only...   how many Merchant accepting bitcoin?   is it a huge number?   what do you think?

There are many stores in the world that accept Bitcoin, France, Italy, Spain and there are many stores that you can buy with Bitcoin, although Bitcoin is now quite famous as a speculative action, it has a lot of weight for investors worldwide, such as Elon Musk, Paypal, Microestrategy, among others.
 
In countries with rampant inflation it is much better than gold, some gold investors have passed everything to BItcoin, the son of the controversial Peter Schiff has already done so, there are some statements from the president of the FED that it is likely that gold can be substituted for Bitcoin due to its high speculative power, but not as a safe haven due to its high volatility and lack of support.

When observing all these eventualities and taking into account that we are still in a pandemic and even so, Bitcoin has had new ATHs, it is only a matter of time before they begin to implement the payment of goods and services through Bitcoin on a world level, adoption is a fact.

Having places to spend it is only half the issue with it being a mainstream currency. The other half is people willing to spend it as a currency and not treat it like a store of value, which is all the posts are concerned with anymore.  Bitcoin is never going to be a currency if it's treated like a store of value.

You are right, in fact, the sense that people can have about Bitcoin is very broad, currently many see it as very useful due to the Covid-19 pandemic, it has been shown that in this Fundamental it has worked as a great solution to send and withdraw money, however as a reserve of Value is as Mark Cuban puts it:

Mark Cuban, the billionaire Dallas Mavericks owner, is also a big fan of Bitcoin as a store of value. He has, however, criticized BTC as a currency, claiming Ether is closer to a currency than Bitcoin. The Shark Tank star owns BTC, SushiSwap, Aave, and Ether.

Others also see it in different ways:



Source: https://zycrypto.com/this-17-billion-hedge-fund-is-holding-bitcoin-with-coinbase/

Seen from that point of view, it is sometimes difficult to explain to people how they can see bitcoin ...

[Oilacris]

Btc is slightly above 60k at the moment, there are still many people who have not yet invested, those still planning to come in, same way there are many institutional investors who are preparing to join, that means btc can surpass this current price and keeps increasing, already many analysts have made their different price prediction, the next mark is for btc to go 70k and above.

We did really have some significant movement or increase as of today but it seems that it do able to play out between 60k price mark and playing between 59 or 58k which it seems

that it might take a while before we do break this rooftop or resistance but who knows that we might able to see that not for too long.We do need some bullish news to make the price

way up or even more higher.For sure people will be targeting out 70k after that 60k mark which is just normal for us to have those views or goal.

[Koro-Sensei]

There are so many stores out there who accepts bitcoin as payments. So many that even restaurants, pizza huts, coffee shops and even Elon's Tesla accepting bitcoin. Probably, in few more years many institutions would adopt and would be joining this massive bull market.

[ivankoh]

In fact, at the threshold of 60k, we have elastic down two times ago...I think it's very difficult to break this threshold to create a new ATH, we need to add a new momentum and binder to be able to break the bulls take profit.  Many financial experts have predicted the absolute threshold of bitcoin this year is $ 130k.  It is entirely possible "if" there is more force from the institutional investors.  It was the massive push by institutional investors that helped bitcoin break the limits!  continue to hope!t

[jaysabi]

In fact, at the threshold of 60k, we have elastic down two times ago...I think it's very difficult to break this threshold to create a new ATH, we need to add a new momentum and binder to be able to break the bulls take profit.  Many financial experts have predicted the absolute threshold of bitcoin this year is $ 130k.  It is entirely possible "if" there is more force from the institutional investors.  It was the massive push by institutional investors that helped bitcoin break the limits!  continue to hope!t

Financial "experts" have been predicting over $100k every year since for years now, they've never been right before so there's no real reason to give any weight to these predictions. Bitcoin is as likely to go back to $50k than it is to go to $70k, let alone go to $130k.

[AniviaBtc]

I think it will now aim for its new goal which is a $100k mark, nothing is impossible with bitcoin.

It is not only used for speculation but it can be also used for paying something. Are you aware about Visa completing its first transaction using bitcoin? That's an example that bitcoin can be used as a payment tool and still there are more big companies which are trying to adopt it.

Maybe 5 years from now, more companies will implement this kind of adoption and development in their system.

[Finestream]

I think it will now aim for its new goal which is a $100k mark, nothing is impossible with bitcoin.

It is not only used for speculation but it can be also used for paying something. Are you aware about Visa completing its first transaction using bitcoin? That's an example that bitcoin can be used as a payment tool and still there are more big companies which are trying to adopt it.

Maybe 5 years from now, more companies will implement this kind of adoption and development in their system.

There's no problem with adoption as it's happening, but as to price reaction, isn't it too early to call for $100k, of it we reach $100k, will bitcoin able to depend that price and make it stable? What if it will just dump due to a big correction?

[awik p]

I think it will now aim for its new goal which is a $100k mark, nothing is impossible with bitcoin.

It is not only used for speculation but it can be also used for paying something. Are you aware about Visa completing its first transaction using bitcoin? That's an example that bitcoin can be used as a payment tool and still there are more big companies which are trying to adopt it.

Maybe 5 years from now, more companies will implement this kind of adoption and development in their system.

There's no problem with adoption as it's happening, but as to price reaction, isn't it too early to call for $100k, of it we reach $100k, will bitcoin able to depend that price and make it stable? What if it will just dump due to a big correction?

especially when technically bitcoin has no defense on its left, and is making new peaks. I think a big correction could happen at any time. therefore we must be careful when trading. to hit $ 100k, it might happen, but it still takes me a while

[nicecrypto]

I think it will now aim for its new goal which is a $100k mark, nothing is impossible with bitcoin.

It is not only used for speculation but it can be also used for paying something. Are you aware about Visa completing its first transaction using bitcoin? That's an example that bitcoin can be used as a payment tool and still there are more big companies which are trying to adopt it.

Maybe 5 years from now, more companies will implement this kind of adoption and development in their system.

There's no problem with adoption as it's happening, but as to price reaction, isn't it too early to call for $100k, of it we reach $100k, will bitcoin able to depend that price and make it stable? What if it will just dump due to a big correction?

especially when technically bitcoin has no defense on its left, and is making new peaks. I think a big correction could happen at any time. therefore we must be careful when trading. to hit $ 100k, it might happen, but it still takes me a while

Certainly I agree with you there. Bitcoin is looking at hitting that $100k sometimes within the year or before the year ends but as usual, we most expect corrections every ones a while as this is a certainty in the market hence that will happen. Just on Saturday 10 April, Bitcoin hit $61k+ and it might have been some thing some of us would have thought will take a longer time than the time it took, so very hopeful that Bitcoin will do the $100k number.

[rodskee]

Is bitcoin for speculation only?   or it is really useful in our daily life?  just curious..  What product can we buy by using bitcoin only...   how many Merchant accepting bitcoin?   is it a huge number?   what do you think?

The scenario continues to happen , growing to 60k and dropping to 50k .. So answering what's next is so far not  predictable .
But i believe that the increase is still on process and will surely has another growth to come in the future.

There are so many stores out there who accepts bitcoin as payments. So many that even restaurants, pizza huts, coffee shops and even Elon's Tesla accepting bitcoin. Probably, in few more years many institutions would adopt and would be joining this massive bull market.

Those are not the issue now because that has been around for long time.

what we are aiming now is Big companies to continues accept bitcoin and other altcoins also.

[wiss19]

Is bitcoin for speculation only?   or it is really useful in our daily life?  just curious..  What product can we buy by using bitcoin only...   how many Merchant accepting bitcoin?   is it a huge number?   what do you think?

I won’t really say that it is being helpful in our daily lives, because most of us here don’t make use of bitcoin for our daily needs, mostly what we are making use of is the fiat and nothing more than that. And if we decide to make use of bitcoin in making a purchase it is going to be something that we do once in a while and not on a steady basis. But as for merchants accepting Bitcoin, you can find lots of them online if you search for them.

For example there is Overstock, although I think they mostly deal on Homesgoods, especially furniture. Then there is purse.io that people uses for making different purchase. There might be less of them, but they are available.

[Rehan Zakir]

Bitcoin price is moving towards 70,000$.
Now Bitcoin ATH price is 63,500. And soon we see the bitcoin price is above 70,000$. The price of Bitcoin is increasing day by day due to its popularity and its usage. So, buy some Bitcoin before it leave the earth.

[DigitalFox]

Man, was I surprised this afternoon to see my old sale order filled at $61500. I don't even remember when I placed it LOL, and when I received the notification and looked at the charts it was already above 63k

[pixie85]

It looks like 70k is the next thing after we pass 60
Bitcoin is once again proving the doubters that we are in a bull market and the run is far from over.

Man, was I surprised this afternoon to see my old sale order filled at $61500. I don't even remember when I placed it LOL, and when I received the notification and looked at the charts it was already above 63k

That's what you get for not paying attention. Leaving orders and forgetting about them is like leaving your car for the night with keys inside. What could go wrong?

[LUCKMCFLY]

Man, was I surprised this afternoon to see my old sale order filled at $61500. I don't even remember when I placed it LOL, and when I received the notification and looked at the charts it was already above 63k

My surprise was even greater when I saw that on Binance it reached $ 63k and then $ 62.9k, so it came and went, what I did was execute the stop loss, and from that moment I did not get off the chart, possibly there is a good bullish strength thanks to Microestrategy:

MSTR’s rally came just as Bitcoin surged above $63,000 for the first time, setting a new all-time high. Although MicroStrategy’s underlying business has nothing to do with Bitcoin or cryptocurrency, the company has become a corporate flagbearer of BTC ever since CEO Michael Saylor decided to convert a large portion of the company’s balance sheet into the digital asset.

The company now holds 91,579 BTC, worth roughly $5.8 billion at the time of publication.

Source: https://cointelegraph.com/news/microstrategy-stock-explodes-alongside-bitcoin-rally

Very good results thanks to the bullish rally, I imagine Elon Musk's earnings were thousands of dollars ...

[TastyChillySauce00]

Financial "experts" have been predicting over $100k every year since for years now, they've never been right before so there's no real reason to give any weight to these predictions. Bitcoin is as likely to go back to $50k than it is to go to $70k, let alone go to $130k.

Well atleast their prediction isn't really far off considering many these so called financial experts have predicted bitcoin to go as far as $100K from when the price of bitcoin was below $10K and we're already more than halfway to go here. It's not like their prediction should be very accurate right? there's always some miss

I won’t really say that it is being helpful in our daily lives, because most of us here don’t make use of bitcoin for our daily needs, mostly what we are making use of is the fiat and nothing more than that. And if we decide to make use of bitcoin in making a purchase it is going to be something that we do once in a while and not on a steady basis. But as for merchants accepting Bitcoin, you can find lots of them online if you search for them.

For example there is Overstock, although I think they mostly deal on Homesgoods, especially furniture. Then there is purse.io that people uses for making different purchase. There might be less of them, but they are available.

I think there's these niche like VPS, domain, dedicated server that usually offers discount for using cryptocurrency though I know that bitcoin's fee is kind of too high for making a purchase and all but for transaction above $1K bitcoin could be very useful not to mention it avoids us of having problem dealing with banks or any corporation that have payment services.

[Betwrong]

Financial "experts" have been predicting over $100k every year since for years now, they've never been right before so there's no real reason to give any weight to these predictions. Bitcoin is as likely to go back to $50k than it is to go to $70k, let alone go to $130k.

Well atleast their prediction isn't really far off considering many these so called financial experts have predicted bitcoin to go as far as $100K from when the price of bitcoin was below $10K and we're already more than halfway to go here. It's not like their prediction should be very accurate right? there's always some miss
~

I agree. Bitcoin price, after crashing from $19k, was staying below $10k for more than a year, then it went up above $10k in the end of June 2019, reached $13k for a second in July, and started crashing from there(only with one outlier in the mid February 2020, when it reached $10k+, again, just for a moment), and it descended to as low as $5,173 in March 2020. Knowing all that, it wasn't that easy to predict that BTC would go from $10k not towards $5k again, but towards $100k. I personally couldn't predict that, and I respect those who could.

[DigitalFox]

It looks like 70k is the next thing after we pass 60
Bitcoin is once again proving the doubters that we are in a bull market and the run is far from over.

Man, was I surprised this afternoon to see my old sale order filled at $61500. I don't even remember when I placed it LOL, and when I received the notification and looked at the charts it was already above 63k

That's what you get for not paying attention. Leaving orders and forgetting about them is like leaving your car for the night with keys inside. What could go wrong?

What I got was like, using your terms, leaving a wheel nut from my car with key shell attached to it   I like placing these small triggers, when they go off then it's time to take a closer look.