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KryptoKings
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April 08, 2021, 08:40:47 AM
 #1

Btc is hovering between $56k to $58k, it needs some more good news to cross this $60 mark.
After PayPal, which next business giant is going to endorse Bitcoin?
What should we expect in coming days that can push btc to more adoption and expedite it's March towards $1 million?

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April 08, 2021, 08:52:33 AM
Merited by DdmrDdmr (2), pixie85 (1)
 #2

What should we expect in coming days that can push btc to more adoption and expedite it's March towards $1 million?

We shouldn't expect any news, really.
The big investors are happy to be able to keep buying big amounts of Bitcoin without making the price explode.

And the weak hands and so-called traders are selling, which is shown by the amounts of coins constantly leaving the exchanges.


If you look at the same post/thread, people tell that miners may not even selling (much) any longer.

So all we could expect would be to see more strong hands and traders getting real and holding for a short while, allowing the price grow as it should.
However, all this is speculation (and may be more appropriate to be moved to Speculation board).

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April 08, 2021, 09:11:20 AM
 #3

Btc is hovering between $56k to $58k, it needs some more good news to cross this $60 mark.
After PayPal, which next business giant is going to endorse Bitcoin?
What should we expect in coming days that can push btc to more adoption and expedite it's March towards $1 million?
Positive news will definitely come, but we don't need to rush things up. Maybe we will hear another big news joining the fray, but we need to wait. Bitcoin is still the best asset to hedge businesses balance sheet. But they need to study first the risk and I think that's what happening behind. Let's take advantage of this accumulation phase to buy bitcoin.

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April 08, 2021, 10:14:25 AM
 #4

Btc is hovering between $56k to $58k, it needs some more good news to cross this $60 mark.
Seriously ? aren't you checking the Market?

Quote
All Time High
Mar 13, 2021 (a month ago)   $61,683.86
Bitcoin had already crossed that 60k$ mate if you have nit known that.

Quote
After PayPal, which next business giant is going to endorse Bitcoin?
What should we expect in coming days that can push btc to more adoption and expedite it's March towards $1 million?
Tesla and many more?

Marching towards 1 million $? Sleep Early and try to dream for faster upcomings  Grin

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April 08, 2021, 10:20:46 AM
 #5

After PayPal, which next business giant is going to endorse Bitcoin?

Nobody knows that except for people who are behind companies like Tesla and Paypal, but I think it would be amazing to see Ebay or Amazon accepting Bitcoin.
Bitcoin is currently in 8th place with market cap for all assets, just about to flip Silver and coming for Google, Amazon, Microsoft, Apple and Gold.

I just saw the latest Bloomberg Crypto Outlook report from April 6 that is very positive and predicts bright near future for Bitcoin in 2021 with $400K prediction!
Report is also showing all superior properties bitcoin has compared to gold, that Bitcoin to Gold ratio is rising like overall Bitcoin adoption.
If this is not a big news then I don't know what is and all we need in current market conditions is just a small spark to light a big move.

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April 08, 2021, 10:25:28 AM
 #6

After PayPal, which next business giant is going to endorse Bitcoin?

It's like someone has a crystal ball from which they can see the future, so they can tell you who's next. Take those names that are not yet on the crypto list and choose the one that seems most likely to you -> Amazon, Netflix, Microsoft and maybe even Berkshire Hathaway Roll Eyes



And the weak hands and so-called traders are selling, which is shown by the amounts of coins constantly leaving the exchanges.

Maybe it's not just about selling, but about people increasingly beginning to realize the importance of the fact that it's not smart to store such a valuable asset online, and there are more and more of them who are starting to be their own bank after all. However, it is good that there are fewer and fewer coins on exchanges, not only for security, but also because it has an impact on the price of BTC.

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April 08, 2021, 10:33:39 AM
 #7

Maybe it's not just about selling, but about people increasingly beginning to realize the importance of the fact that it's not smart to store such a valuable asset online, and there are more and more of them who are starting to be their own bank after all. However, it is good that there are fewer and fewer coins on exchanges, not only for security, but also because it has an impact on the price of BTC.

It's an interesting direction, but I fear that it's only wishful thinking, and since "you can't teach an old mule new tricks", it's not the old traders / users doing this.
I would be happy to be wrong  Cheesy

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April 08, 2021, 10:39:32 AM
 #8

Btc is hovering between $56k to $58k, it needs some more good news to cross this $60 mark.
After PayPal, which next business giant is going to endorse Bitcoin?
What should we expect in coming days that can push btc to more adoption and expedite it's March towards $1 million?

We also know that VISA is working on an integration with Bitcoin, for example. And another example is Tesla which created a new option for the buyers as paying with Bitcoin. And I expect the big companies like these to continue accepting Bitcoin and help the adoption reach a better level.

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April 08, 2021, 10:50:54 AM
 #9

Maybe it's not just about selling, but about people increasingly beginning to realize the importance of the fact that it's not smart to store such a valuable asset online, and there are more and more of them who are starting to be their own bank after all.
By a smart move in not storing a valuable asset online which necessitates the selling, I suppose you mean like them moving there coins from exchanges which is a custodial wallet to non custodial wallets like electrum and bitcoin core which makes them totally in control of their crypto affairs otherwise, it won't be such a smart move selling after all.

It's an interesting direction, but I fear that it's only wishful thinking, and since "you can't teach an old mule new tricks", it's not the old traders / users doing this.
I would be happy to be wrong  Cheesy
Nicely said of a Mule not being able to learn or adapt to new tricks but, we can only hope that it doesn't apply in this regard and with new companies coming in and buying huge it could only be an invite for more and more companies to come into the market. So, it would be a wise option to stop selling and hodl for those who can.

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April 08, 2021, 10:53:08 AM
 #10

Btc is hovering between $56k to $58k, it needs some more good news to cross this $60 mark.
After PayPal, which next business giant is going to endorse Bitcoin?
What should we expect in coming days that can push btc to more adoption and expedite it's March towards $1 million?

Why do you even care?The price will cross the 60K USD level sooner or later.
The Bitcoin price doesn't need "good news" in order to grow.We need more buyers,both institutional and small buyers.I think that the buyers will increase their purchases after a price correction.Nobody wants to buy expensive BTC.That's why many buyers will be waiting for a correction,before buying more BTC.
I don't know what big corporation will endorse BTC next.I don't have a crystal ball or insider information.
I'm not sure that Paypal will ever truly adopt Bitcoin and cryptocurrencies in general.


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April 08, 2021, 11:08:48 AM
 #11

If they want to adopt the use of the bitcoin good news I think the bitcoin too much-getting stand by with the market price of 56k and if I'm not mistaken this price range already within a month there's a lot of attempts to increase the price more than 59k but still not getting success to try to keep watch on the market is there's any signal or sign for another trend. Don't expect someone gives another hype for the bitcoin like Elon musk did.
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April 08, 2021, 11:32:40 AM
 #12

Well if Paypal started introducing their crypto system globally, we may see some new investors, probably small companies or so that would partner with paypal to create a system that lets users transact with crypto (but not really, since it's paypal). As for other big companies, well we'd see them one day if they ever wanted to join in.

60k was already passed back then, hardly doubt it'd pose an issue to do it again. The market might just be waiting for more people to join or for adoption to increase. Well as long as Bitcoin is developing, I hardly doubt that it'd stop growing, both in price and adoption imo.


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April 08, 2021, 11:40:42 AM
 #13

Btc is hovering between $56k to $58k, it needs some more good news to cross this $60 mark.
After PayPal, which next business giant is going to endorse Bitcoin?
Well, I have seen car dealers, real estate, sports industry, and even drug dealers accepting Bitcoin. Hmmm, what else?
How about people who could actually use Bitcoin as a currency to pay for product and service, rather than just hoarding it.
What should we expect in coming days that can push btc to more adoption and expedite it's March towards $1 million?
You should make tons of a T.V ads or social media ads discussing about Bitcoin. How about Bitcoin merch give it for free in the public.
Man, seriously you need patience. I'm just not sure If you're trolling or something like that, $1m per Bitcoin is such a longgggggg way ahead.

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DatKing
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April 08, 2021, 11:56:12 AM
 #14

Btc is hovering between $56k to $58k, it needs some more good news to cross this $60 mark.
After PayPal, which next business giant is going to endorse Bitcoin?
What should we expect in coming days that can push btc to more adoption and expedite it's March towards $1 million?

Why do you even care?The price will cross the 60K USD level sooner or later.
The Bitcoin price doesn't need "good news" in order to grow.We need more buyers,both institutional and small buyers.I think that the buyers will increase their purchases after a price correction.Nobody wants to buy expensive BTC.That's why many buyers will be waiting for a correction,before buying more BTC.
I don't know what big corporation will endorse BTC next.I don't have a crystal ball or insider information.
I'm not sure that Paypal will ever truly adopt Bitcoin and cryptocurrencies in general.

Exactly. As long as there are more buyers and a big amount of investment into Bitcoin, it's for sure that the price will continue to increase. But of course, I'd like to see more big companies start adding Bitcoin as a payment method. It speeds up the adoption process.

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April 08, 2021, 11:58:40 AM
 #15

Btc is hovering between $56k to $58k, it needs some more good news to cross this $60 mark.

As far I can remember, we didn't have news that push the price to $61k?

After PayPal, which next business giant is going to endorse Bitcoin?

It's a very difficult question, we don't have insider information. If ever there will be some companies to support bitcoin, for sure we are going to hear it.

What should we expect in coming days that can push btc to more adoption and expedite it's March towards $1 million?

$1 million? First we need to get to $100k this year, and maybe in the next 2 halvings, we might see that 7 digits, but not this 2021.

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April 08, 2021, 12:31:59 PM
 #16

The rally in Bitcoin and other crypto doesn't seem to have run out despite the 600% surge in price. And with emerging startups such as CoinSwitch Kuber trying to make Bitcoin investing effortless, millions of retail investors have joined the Bitcoin Bandwagon.

Putting short term volatility aside and looking at the long run, analysts state that it could touch $100,000 (Rs 72 lakhs) next year.

The digital currency that was once viewed as mysterious by many in the past has now exploded in both value and popularity. It has mainly become mainstream - Giant financial institutions like Paypal, Visa, JP Morgan etc., are offering crypto services, and more retail investors are interested in purchasing Bitcoin now more than ever.
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April 08, 2021, 12:39:10 PM
 #17

After PayPal, which next business giant is going to endorse Bitcoin?
What should we expect in coming days that can push btc to more adoption and expedite it's March towards $1 million?
Tesla and many more?

Marching towards 1 million $? Sleep Early and try to dream for faster upcomings  Grin

I expect that during this quarter the companies that bought Bitcoin in the first quarter will start coming out and this will have a positive effect on the price. Let's remember that Tesla did not disclose the Bitcoin purchase right after it was made, they did it after the fact and that is how it will be with the other companies.



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April 08, 2021, 01:05:26 PM
 #18

From the beginning of this year, I think BTC will continue to rise, and it may rise to $80k this year. Many large investment institutions began to buy btc silently. Only retail investors are selling. The market will clean up retail investors. Large institutions are the final winners.

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April 08, 2021, 01:15:33 PM
 #19

Btc is hovering between $56k to $58k, it needs some more good news to cross this $60 mark.
After PayPal, which next business giant is going to endorse Bitcoin?
What should we expect in coming days that can push btc to more adoption and expedite it's March towards $1 million?

It does not need good news, Bitcoin is not an altcoin that needs hype. Just wait for demand to come naturally and wait for institutions to prepare all their capital to buy BTC and you will see it rise up very very naturally:)

All is normal and all is good. Better a slow rise.

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April 08, 2021, 01:39:04 PM
 #20

This should be a natural process, it is unlikely that something can raise the price of bitcoin very sharply in one day.

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