Bitcoin run up is coming

[Alanaz]

And it's whether we like it or not, bitcoin is bound to create bigger adoption in the near future and so its no surprising that its value will definitely become huge in the future. I am not saying this from my own perspective but basically from all people who believe in it and are still hopeful to be more profitable in the future.

As we can witness now bitcoin has gained too much adoption and it will continue the massive adoption.
This was the most anticipated moment by most of us, bitcoin will surge and the price becomes expensive and I think that's possible to happen in the future.

We are not in hype anymore, we have a lot of investors out there and there are individuals and institution that has adopted bitcoin. Possibly the price will become more expensive over how many years of holding.

isn't that a certainty that will definitely happen, I personally am a new person in this circle and have only been collecting bitcoins from 2018, and as long as I have collected from that year until now my assets have continued to grow over time.
I don't know what happens to those who collect longer but I feel myself every year they keep growing and that's really good.

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[Vaskiy]

The market have got disturbed and now bitcoin has come around $56k. Along with bitcoin there is decline in the price of ethereum reaching around $4000. The critical resistance of the market seems to test the $50k by this weekend. More institutional investors will buy the dip as there is assured recovery of the market to reach new ATH over the falling year.

[kawetsriyanto]

The market have got disturbed and now bitcoin has come around $56k.

The current price is about $56k, but today Bitcoin price has dropped to $55.8k. It already increased a bit, the correction may be over. But to reach $60k, seems to take a longer time. Probably takes several days or even a week, to recover and move up above $60k again.

The critical resistance of the market seems to test the $50k by this weekend.

I don't think Bitcoin to drop to $50k. Even if many institutional investors or whales who want to buy in the dip, but forcing Bitcoin to drop $50k may affect to a longer time to achieve the expected price for selling. I think they don't want to see it, they may set a short target for taking profits before a new year.

[Oceat]

The market have got disturbed and now bitcoin has come around $56k. Along with bitcoin there is decline in the price of ethereum reaching around $4000. The critical resistance of the market seems to test the $50k by this weekend. More institutional investors will buy the dip as there is assured recovery of the market to reach new ATH over the falling year.

This might be a panic, causing most traders to dump if you look at the chart I believe it's a bear trap and testing $56k for the bottom is still bullish but once it dropped around $40k below I think it's time to think twice whether it's a bear trap or a complete bear market. We don't know if Bitcoin would continue to pump next year or it would create a mass selloff plus the correction then it's probably a bear market. But that's just too soon to think about and I think Bitcoin will have to gather some momentum before pumping again straight to $100k.

[fullhdpixel]

The market have got disturbed and now bitcoin has come around $56k. Along with bitcoin there is decline in the price of ethereum reaching around $4000. The critical resistance of the market seems to test the $50k by this weekend. More institutional investors will buy the dip as there is assured recovery of the market to reach new ATH over the falling year.

This might be a panic, causing most traders to dump if you look at the chart I believe it's a bear trap and testing $56k for the bottom is still bullish but once it dropped around $40k below I think it's time to think twice whether it's a bear trap or a complete bear market. We don't know if Bitcoin would continue to pump next year or it would create a mass selloff plus the correction then it's probably a bear market. But that's just too soon to think about and I think Bitcoin will have to gather some momentum before pumping again straight to $100k.

Whenever people are selling just as the price going down, there is two possible reasons for it; either they needed the money and they are selling which is understandable because we always have unexpected payments we need to make in life, or they are panic selling for sure. I mean why would you sell right now when it is going down when you could just wait for it to recover and sell later? We all KNOW that it will go up eventually, anyone who doubts bitcoins ability to go up in the end no matter what happens in the middle should stay away from bitcoin to begin with.

I believe that we will break ATH and reach to new ATH, then we will get another ATH and another and another, that is how bitcoin works. So, if you are selling right now either you should have a good reason or you are panic selling and that is karma hitting you back because you caused it to go down.

[tippytoes]

The market have got disturbed and now bitcoin has come around $56k. Along with bitcoin there is decline in the price of ethereum reaching around $4000. The critical resistance of the market seems to test the $50k by this weekend. More institutional investors will buy the dip as there is assured recovery of the market to reach new ATH over the falling year.

This might be a panic, causing most traders to dump if you look at the chart I believe it's a bear trap and testing $56k for the bottom is still bullish but once it dropped around $40k below I think it's time to think twice whether it's a bear trap or a complete bear market. We don't know if Bitcoin would continue to pump next year or it would create a mass selloff plus the correction then it's probably a bear market. But that's just too soon to think about and I think Bitcoin will have to gather some momentum before pumping again straight to $100k.

Whenever people are selling just as the price going down, there is two possible reasons for it; either they needed the money and they are selling which is understandable because we always have unexpected payments we need to make in life, or they are panic selling for sure. I mean why would you sell right now when it is going down when you could just wait for it to recover and sell later? We all KNOW that it will go up eventually, anyone who doubts bitcoins ability to go up in the end no matter what happens in the middle should stay away from bitcoin to begin with.

I believe that we will break ATH and reach to new ATH, then we will get another ATH and another and another, that is how bitcoin works. So, if you are selling right now either you should have a good reason or you are panic selling and that is karma hitting you back because you caused it to go down.

Some people are panicking the reason why they are selling. Because if it is not the reason that they need cash, then, I also see that it is not a smart move to sell if you can hold off. Because as we can see, this decline is just normal and we may even see it rising again before we know it. We have been in so many up and down movements and throughout the years, we have seen bitcoin to reach price levels wherein no one expects that it will reach. More than likely, those who will sell at a loss will regret once they see the price rising again.

[Yaunfitda]

The market have got disturbed and now bitcoin has come around $56k. Along with bitcoin there is decline in the price of ethereum reaching around $4000. The critical resistance of the market seems to test the $50k by this weekend. More institutional investors will buy the dip as there is assured recovery of the market to reach new ATH over the falling year.

This might be a panic, causing most traders to dump if you look at the chart I believe it's a bear trap and testing $56k for the bottom is still bullish but once it dropped around $40k below I think it's time to think twice whether it's a bear trap or a complete bear market. We don't know if Bitcoin would continue to pump next year or it would create a mass selloff plus the correction then it's probably a bear market. But that's just too soon to think about and I think Bitcoin will have to gather some momentum before pumping again straight to $100k.

Hard to see a drop to $40k though, the last lowest low we've seen this year is $28k and so we've achieved x2 of that price already. It's not a bear trap to me, it looks like there is a big mental barrier in front of $60k that's why a few days ago when we reached $59k, it wasn't enough to sustain it's momentum to push and get past $60k. Of course which such volatile market, we really don't know where the price will move, but for me, we are still the bull market, just some minor and healthy correction around the way leading up to a good pump in December.

[geegaw]

This might be a panic, causing most traders to dump if you look at the chart I believe it's a bear trap and testing $56k for the bottom is still bullish but once it dropped around $40k below I think it's time to think twice whether it's a bear trap or a complete bear market. We don't know if Bitcoin would continue to pump next year or it would create a mass selloff plus the correction then it's probably a bear market. But that's just too soon to think about and I think Bitcoin will have to gather some momentum before pumping again straight to $100k.

I don’t think it’s price will go too low. It may decline a bit but will not maintain to keep declining. There  are still more who doesn’t know that bitcoin exist. Some country didn’t still have way to access it so there still more chance the price will keep pumping despite  some momentarily decline which is also need to keep the trader buy and sell it.

I don't think bitcoin's source of knowledge or access affects the current reduction process, it doesn't have a particularly strong relationship, these components cause changes in direction more in the future, instead of short-term conflicts, they need time to understand bitcoin and prepare for the opportunities. The nature of falling and continuing to decline is part of the market's growth and equilibrium life cycle, it is also possible to call this sustained decline as a period where the take profit will take place and the shy person will open their hand, not continuing to grip the commodity.

[tygeade]

Hard to see a drop to $40k though, the last lowest low we've seen this year is $28k and so we've achieved x2 of that price already. It's not a bear trap to me, it looks like there is a big mental barrier in front of $60k that's why a few days ago when we reached $59k, it wasn't enough to sustain it's momentum to push and get past $60k. Of course which such volatile market, we really don't know where the price will move, but for me, we are still the bull market, just some minor and healthy correction around the way leading up to a good pump in December.

I do agree that there is a very low chance to see 40k, however 50k doesn't look that impossible right now. You know how these things are, first dropping to 60k is hard because that would be a big drop, then you break that and we have 55k and it looks harder but then it happens, then 50k and what do you know.. suddenly you are at 30k.

So, this is why I do not like to talk big in crypto, anything could happen. Maybe we are going to drop to 30k or maybe we will break to a new ATH, anything could happen really and I do not really want to be the one people make decisions based on which is why I never give a number. Nevertheless, "looks difficult" is certainly a good decision here, it looks very difficult to reach 40k, we will probably recover way before it ever drops those levels. At the very least, it will stay 50k+ if you ask me.

[Silberman]

Now that the inflation is rising in Europe, caused by energy costs ?! <G> there will be a run on bitcoin to maintain wealth.

The inflation is already at 4 to 5% maybe even higher.

This can not continue for longer before rich people start to get very nervous.

If there ever was a time where bitcoin is going to skyrocket out of control, it's the coming 3 to 6 months ! =D

Banks will panic, Banks will buy bitcoin too, with bank account holder savings.

And the bank account holders will be the nigga holding the bag, worthless money caused by inflation.

From riches to rags ! LOL.

I don't have the balls to buy bitcoin right now.

But if you are balsy... then you now know what to do.

If you have an idea of what is coming then you need to gather the courage to take actions that benefit you from that scenario, I know the price is too high for many but if the price is bound to get even higher then there is nothing wrong with buying bitcoin right now, however while I also believe we are heading towards a similar scenario to the one you are proposing I do not know if it is going to happen as quickly as you state, as economic crises have the tendency to take a lot of time to manifest.

[TravelMug]

This might be a panic, causing most traders to dump if you look at the chart I believe it's a bear trap and testing $56k for the bottom is still bullish but once it dropped around $40k below I think it's time to think twice whether it's a bear trap or a complete bear market. We don't know if Bitcoin would continue to pump next year or it would create a mass selloff plus the correction then it's probably a bear market. But that's just too soon to think about and I think Bitcoin will have to gather some momentum before pumping again straight to $100k.

I don’t think it’s price will go too low. It may decline a bit but will not maintain to keep declining. There  are still more who doesn’t know that bitcoin exist. Some country didn’t still have way to access it so there still more chance the price will keep pumping despite  some momentarily decline which is also need to keep the trader buy and sell it.

You mean adoption? It's growing every year, and now that we bitcoin's narrative has change, for sure many have known it and will invest.

Again, there's nothing new, the price always goes on correction after hitting a new all time high. And maybe investors are still in the middle, and undecided, but then we have a spike to $59k today, but it didn't hold again as the price goes down to $57k. So this is not a bear market, just maybe a bear trap but this won't last long.

[Silberman]

isn't that a certainty that will definitely happen, I personally am a new person in this circle and have only been collecting bitcoins from 2018, and as long as I have collected from that year until now my assets have continued to grow over time.
I don't know what happens to those who collect longer but I feel myself every year they keep growing and that's really good.

If you bought after the crash of 2018 then you have yet to experiment a crash followed by crypto winter that lasted for years, still you have enough experience to know that eventually bitcoin is going to recover and as such the best thing to do is to keep your coins and just wait for the eventual recover that will come, however I am not going to deny that it can be hard as many people decided to sell their bitcoin during that period as they thought the market was never going to recover from the crash it suffered.

[Slow death]

The market have got disturbed and now bitcoin has come around $56k. Along with bitcoin there is decline in the price of ethereum reaching around $4000. The critical resistance of the market seems to test the $50k by this weekend. More institutional investors will buy the dip as there is assured recovery of the market to reach new ATH over the falling year.

speaking of institutional investors buying in the fall, once again the president of El Salvador returned to buying bitcoin in this price drop and guess what? yes days later the price of bitcoin increased, i'm curious how can it happen for the third time? he buys bitcoin on the dive three times and the next day the price increases a lot, Is a lot of coincidence

[RealMalatesta]

The market have got disturbed and now bitcoin has come around $56k. Along with bitcoin there is decline in the price of ethereum reaching around $4000. The critical resistance of the market seems to test the $50k by this weekend. More institutional investors will buy the dip as there is assured recovery of the market to reach new ATH over the falling year.

speaking of institutional investors buying in the fall, once again the president of El Salvador returned to buying bitcoin in this price drop and guess what? yes days later the price of bitcoin increased, i'm curious how can it happen for the third time? he buys bitcoin on the dive three times and the next day the price increases a lot, Is a lot of coincidence

It is not really that shocking, you do realize he buys at dips right? I mean the simple truth is that whenever price has a very bad few days, then there is a bottom where it doesn't get any worse and people buy at that bottom and when the price hits above all time high prices and stays there for a while, people usually sell. This is the way many people made millions of dollars from bitcoin, and even other coins as well.

I am not saying El Salvador would be great at anything, but when you have hundreds of millions of dollars to invest into something, you wait for it to drop a lot before you buy and that's what they did and they have luxury to wait it out, and if it ever drops even further, they could buy some more anyway. So, this wasn't really too shocking because they just bought at the dip, everyone can do the same and it is not that hard.

[Beparanf]

The market have got disturbed and now bitcoin has come around $56k. Along with bitcoin there is decline in the price of ethereum reaching around $4000. The critical resistance of the market seems to test the $50k by this weekend. More institutional investors will buy the dip as there is assured recovery of the market to reach new ATH over the falling year.

speaking of institutional investors buying in the fall, once again the president of El Salvador returned to buying bitcoin in this price drop and guess what? yes days later the price of bitcoin increased, i'm curious how can it happen for the third time? he buys bitcoin on the dive three times and the next day the price increases a lot, Is a lot of coincidence

It is not really that shocking, you do realize he buys at dips right? I mean the simple truth is that whenever price has a very bad few days, then there is a bottom where it doesn't get any worse and people buy at that bottom and when the price hits above all time high prices and stays there for a while, people usually sell. This is the way many people made millions of dollars from bitcoin, and even other coins as well.

I am not saying El Salvador would be great at anything, but when you have hundreds of millions of dollars to invest into something, you wait for it to drop a lot before you buy and that's what they did and they have luxury to wait it out, and if it ever drops even further, they could buy some more anyway. So, this wasn't really too shocking because they just bought at the dip, everyone can do the same and it is not that hard.

This is true and how the whale manipulate the market using social media outlet just to announce when they will sell or buy to control the price movement. The only loser here are those retail investors that buying high and selling in lose. I hate how El Salvador president manipulating crypto market just for his personal gain. Plus the fact that he is using his country money to gamble on crypto.

To be clear, I like Bitcoin to pump but in an organic way not buy this manipulative growth that will give bad impression on Bitcoin in the future.

[Devifajarina]

Now that the inflation is rising in Europe, caused by energy costs ?! <G> there will be a run on bitcoin to maintain wealth.

The inflation is already at 4 to 5% maybe even higher.

This can not continue for longer before rich people start to get very nervous.

If there ever was a time where bitcoin is going to skyrocket out of control, it's the coming 3 to 6 months ! =D

Banks will panic, Banks will buy bitcoin too, with bank account holder savings.

And the bank account holders will be the nigga holding the bag, worthless money caused by inflation.

From riches to rags ! LOL.

I don't have the balls to buy bitcoin right now.

But if you are balsy... then you now know what to do.

I think this is a different context with regard to bitcoin, not everyone agrees that buying bitcoin is a promising investment, even though the situation is inflationary, the current level of trust in people for cryptocurrencies is different, and can't be generally associated with this, even if buying bitcoin is not affect inflation in particular, cryptocurrencies require courage to get started, if a pessimist already knows how it works, then I'm sure that person will make a purchase. Speaking of risk, almost all investments also have different levels of risk.

[Sled]

snipped...

I think this is a different context with regard to bitcoin, not everyone agrees that buying bitcoin is a promising investment, even though the situation is inflationary, the current level of trust in people for cryptocurrencies is different, and can't be generally associated with this, even if buying bitcoin is not affect inflation in particular, cryptocurrencies require courage to get started, if a pessimist already knows how it works, then I'm sure that person will make a purchase. Speaking of risk, almost all investments also have different levels of risk.

I don't fully make blame market inflation, yes, it can be a huge factor affecting the price but for some reason also that people will choose altcoins instead of Bitcoin. For not all the time were in the surge, dumps can still be happening and this was because there is a sudden change of demand and supply, this obviously making the price fluctuates more than the inflation. That is why investing in crypto needs trust and we are longing to that.

[Devifajarina]

snipped...

I think this is a different context with regard to bitcoin, not everyone agrees that buying bitcoin is a promising investment, even though the situation is inflationary, the current level of trust in people for cryptocurrencies is different, and can't be generally associated with this, even if buying bitcoin is not affect inflation in particular, cryptocurrencies require courage to get started, if a pessimist already knows how it works, then I'm sure that person will make a purchase. Speaking of risk, almost all investments also have different levels of risk.

I don't fully make blame market inflation, yes, it can be a huge factor affecting the price but for some reason also that people will choose altcoins instead of Bitcoin. For not all the time were in the surge, dumps can still be happening and this was because there is a sudden change of demand and supply, this obviously making the price fluctuates more than the inflation. That is why investing in crypto needs trust and we are longing to that.

Altcoins and Bitcoin actually almost resemble when dumps occur, even simultaneously they occur corrections or dumps in the market, although they do not always follow each other, supply and demand greatly affect both to survive or decline, in fact cryptocurrencies will experience problems if demand and supply unbalanced, and inflation with fluctuations are two different things in the impact of the correction.

[Sayeds56]

The market have got disturbed and now bitcoin has come around $56k. Along with bitcoin there is decline in the price of ethereum reaching around $4000. The critical resistance of the market seems to test the $50k by this weekend. More institutional investors will buy the dip as there is assured recovery of the market to reach new ATH over the falling year.

Absolutely right. The crypto Market went down sharply last week due to shocking news of new variant of covid-19 virus discovered in South which is very fatal and spreads faster and this virus is capable to evade Body immune system.This  news caused panic selling in all markets including stocks, commodities and crypto. Though Bitcoin price recovered but still very sluggish and  new ATH by end of 2021 seems difficult to achieve.

[Chato1977]

Now that the inflation is rising in Europe, caused by energy costs ?! <G> there will be a run on bitcoin to maintain wealth.

when will be the effect? because up to now there are no changes lol.

The inflation is already at 4 to 5% maybe even higher.

This can not continue for longer before rich people start to get very nervous.

if they will turn nervous then it must and not tomorrow .

If there ever was a time where bitcoin is going to skyrocket out of control, it's the coming 3 to 6 months ! =D

Banks will panic, Banks will buy bitcoin too, with bank account holder savings.

Lol Banks will buy Bitcoin? nice one.

And the bank account holders will be the nigga holding the bag, worthless money caused by inflation.

From riches to rags ! LOL.

I don't have the balls to buy bitcoin right now.

But if you are balsy... then you now know what to do.

If you have no balls to buy then why we must do? lol Joke i already purchased  mine.