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Author Topic: What if $70k was Bitcoin ATH for the year?  (Read 1110 times)
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November 27, 2021, 12:17:00 PM
 #121

Will you be satisfied if 2021  ends with an ATH of $70k for Bitcoin. Will it make you more richer or it wouldn't add any value to your intial capital.
Will you regret you joined the trend late or  would you be glad you bought when the  market did a retracement? Or you are still staring at Bitcoin with some sentiment
Looking at the bitcoin price movement these past few days, it's hard to say if the price will hit $70k the rest of the year. With market conditions currently experiencing a decline in bitcoin prices, it has not added any value to my initial capital. But I believe early next year bitcoin price will experience a significant increase and continue to set new ATH records.

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November 28, 2021, 01:12:03 AM
Last edit: June 12, 2023, 12:28:15 AM by STT
 #122

We do have higher volume on the down bars seems to be another warning we need to at least revise lower prices in order to confirm support is valid and a good foothold for future positive action.
  We are below 2 day average and failed to hold trading momentum so far but just tonight there is idea of a pattern forming of higher lows.   I dont expect this to hold personally just because there is a stack of orders ready to process only during business hours and they will be selling out of fear of a general market reversal.   We can of course resolve this weakness with buying and a move upwards but part of this is at least a test down or pin downwards at some point I think.   
  My guess we dont make a new ATH that far from where we have put in a high tide mark so far for 2021.   Next year I have more optimism.

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November 28, 2021, 03:13:17 AM
 #123

Will you be satisfied if 2021  ends with an ATH of $70k for Bitcoin. Will it make you more richer or it wouldn't add any value to your intial capital.
Will you regret you joined the trend late or  would you be glad you bought when the  market did a retracement? Or you are still staring at Bitcoin with some sentiment
Looking at the bitcoin price movement these past few days, it's hard to say if the price will hit $70k the rest of the year. With market conditions currently experiencing a decline in bitcoin prices, it has not added any value to my initial capital. But I believe early next year bitcoin price will experience a significant increase and continue to set new ATH records.
I agree with you, it seems that bitcoin price is hard to reach $70k before the end of the year. after a significant price decline a few days ago the price of bitcoin has not shown any signs of recovering. currently the price of bitcoin is quite stable at $54k, of course the current price is still quite far from $70k. if the price doesn't move up soon of course $70k won't be reachable by the end of this year.

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November 28, 2021, 08:32:23 AM
 #124

Will you be satisfied if 2021  ends with an ATH of $70k for Bitcoin. Will it make you more richer or it wouldn't add any value to your intial capital.
Will you regret you joined the trend late or  would you be glad you bought when the  market did a retracement? Or you are still staring at Bitcoin with some sentiment
Looking at the bitcoin price movement these past few days, it's hard to say if the price will hit $70k the rest of the year. With market conditions currently experiencing a decline in bitcoin prices, it has not added any value to my initial capital. But I believe early next year bitcoin price will experience a significant increase and continue to set new ATH records.
I agree with you, it seems that bitcoin price is hard to reach $70k before the end of the year. after a significant price decline a few days ago the price of bitcoin has not shown any signs of recovering. currently the price of bitcoin is quite stable at $54k, of course the current price is still quite far from $70k. if the price doesn't move up soon of course $70k won't be reachable by the end of this year.
what you say could be true but we also know that bitcoin can move in just a day it can be more than +$10K, so it's probably always possible. since these two months bitcoin has always been in the range of $40K-$61K and it's still pretty much a change to improve. although it might be a bit difficult, but there is always a possibility that it could happen because bitcoin has that ability.
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November 28, 2021, 10:33:46 AM
 #125

Will you be satisfied if 2021  ends with an ATH of $70k for Bitcoin. Will it make you more richer or it wouldn't add any value to your intial capital.
Will you regret you joined the trend late or  would you be glad you bought when the  market did a retracement? Or you are still staring at Bitcoin with some sentiment
Totally satisfied even we just end at $50k. But what if we surpass $70k? That is something more satisfying and I don't want you to miss this and make sure that you check the market from time to time so you won't lose the opportunity. If I still have money left in my pocket, I don't hesitate to invest them in Bitcoin but I don't just focus on Bitcoin alone, to spread on several potential coins is a great idea. I think you should have to do the same, well, it's up to you then.
Anyway, have to think it twice and so you won't regret it later.

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November 28, 2021, 08:48:08 PM
 #126

Totally satisfied even we just end at $50k. But what if we surpass $70k? That is something more satisfying and I don't want you to miss this and make sure that you check the market from time to time so you won't lose the opportunity. If I still have money left in my pocket, I don't hesitate to invest them in Bitcoin but I don't just focus on Bitcoin alone, to spread on several potential coins is a great idea. I think you should have to do the same, well, it's up to you then.
Anyway, have to think it twice and so you won't regret it later.
I did the same thing, I invested into bitcoin more than enough for now and I am happy about it. I just want to invest into certain altcoins that are looking decent. I do not mean like some low market cap ones, those are still too risky for me and I rather not do that, but I like to invest into ETH, BNB, ADA, SOL, MATIC, AVAX, UNI, CAKE and all that. These are just some of the ones I invested, not a lot and I would love to invest some more but so far I don't have enough.

But at the end of the day, I am at least trying to grow my portfolio to be very strong just in case. What I could however see is that it is looking like we may actually have a chance to make a lot more money if we keep this up, just focus on bitcoin mainly but invest into a bit lower stuff for higher returns and if the whole market is bullish we are going to do 5x instead of just 2x with bitcoin.

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November 28, 2021, 10:51:07 PM
 #127

Will you be satisfied if 2021  ends with an ATH of $70k for Bitcoin. Will it make you more richer or it wouldn't add any value to your intial capital.
Will you regret you joined the trend late or  would you be glad you bought when the  market did a retracement? Or you are still staring at Bitcoin with some sentiment
Totally satisfied even we just end at $50k. But what if we surpass $70k? That is something more satisfying and I don't want you to miss this and make sure that you check the market from time to time so you won't lose the opportunity. If I still have money left in my pocket, I don't hesitate to invest them in Bitcoin but I don't just focus on Bitcoin alone, to spread on several potential coins is a great idea. I think you should have to do the same, well, it's up to you then.
Anyway, have to think it twice and so you won't regret it later.

Yeah that is a good strategy to diverse our portfolio, but I think majority of us still put more of our money into bitcoin because it is the prime mover of crypto and because of the potential to make profit by holding and then trading some. So for others $70k might not be a satisfying price they are still looking for what we call the so called 'expect' price because of S2F to reach at least 6 digits at the end of the year.

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November 29, 2021, 09:26:26 AM
 #128

This is the risk of investing in Bitcoin, sometimes we have to accept the fact that Bitcoin does not always work as we expect. We also cannot blame
other people for selling their Bitcoins, because there is no compulsion to continue holding Bitcoin. But what I believe is that people who can be
patient holding Bitcoin, will eventually get paid for their patience. We know based on the history of Bitcoin movement, how deep the Bitcoin price
goes down, one day it will definitely go higher again. So I decided to hold my current Bitcoin, even though the Bitcoin price still hasn't returned to $60k.
But I'm still optimistic that Bitcoin will be bullish again as long as the Bitcoin price doesn't drop below $50k.
There's no one to blame if the price don't go accordingly to what we've been thinking. It is what it is and we have to embrace and accept that due to the fact that it's always volatile no matter what you think of it. Sometimes we're disappointed but it won't stop us from thinking that it's going to be bullish again, actually, it's still bullish and the price that it's sitting right now is still high. Despite the crash that has came, it remains at $57k.
Maybe you and some people who have been in the crypto world for a long time understand how Bitcoin works, so don't worry if it turns out that
the price of Bitcoin does not reach the price we predicted. But for newbies, this is something that not only makes them disappointed, but some
newbies panic, and decide to cut loss. That's why I always say over and over that before deciding to invest in Bitcoin, make sure we've
learned everything about Bitcoin. So at least understand how Bitcoin works, don't buy Bitcoin because it is influenced by other people.
Regarding the current Bitcoin price I agree with you, that it is still in a bullish trend, meaning that it is still very likely that the price of Bitcoin
will rise again near the end of the year.
It's either they've be disappointed for not reaching at least 6 digits and get out of the market or invest in altcoins or any other financial instruments. Or simply remain in the market and really try to understand how it works and become a mature investors.

So still a positive for them if you look at the bright side of it. Yeah, we are still in the bullish of trend and most likely we will bounce on December. But I'm not expecting a $100k price at majority of us now are looking at.

I hope many newbies learn from their mistakes and stay in the market, because experiencing losses when we start investing in Bitcoin is
common. All investors who are already successful now, at first they also suffered several losses. Make the loss experienced to learn to
understand how cryptocurrencies work. Moreover, it is possible that in December Bitcoin will be bullish again, so don't leave the market first,
should see the decline in the price of Bitcoin now as an opportunity for us to buy Bitcoin at a low price. Because this year is coming to an end,
it seems too difficult for Bitcoin to reach the price of $100k this year.  I also initially hoped that by the end of this year Bitcoin would be able to
reach a price of $100k, but I have to think more realistically by changing the target, and it looks like the $70k-$80 target is more likely to be
achieved by Bitcoin later this year.

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November 29, 2021, 10:02:41 AM
 #129

Will you be satisfied if 2021  ends with an ATH of $70k for Bitcoin. Will it make you more richer or it wouldn't add any value to your intial capital.
Will you regret you joined the trend late or  would you be glad you bought when the  market did a retracement? Or you are still staring at Bitcoin with some sentiment
Looking at the bitcoin price movement these past few days, it's hard to say if the price will hit $70k the rest of the year. With market conditions currently experiencing a decline in bitcoin prices, it has not added any value to my initial capital. But I believe early next year bitcoin price will experience a significant increase and continue to set new ATH records.
But the last ATH is almost breaking that 70k , it is 68,500+ to be written so if there is last one bull movement this year before the end of december then yes 70k might be the last stand of ATH this 2021.
though it is really hard to see what will come soon because the way market is moving now it looks like it will dump High then will grow a little.
this is how mostly the Bear market comes and indication of the incoming dumping season.
But let us not lose hope but also don't expect too much , just be reasonable to look for the price.

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November 29, 2021, 02:57:33 PM
 #130

I hope many newbies learn from their mistakes and stay in the market, because experiencing losses when we start investing in Bitcoin is common.
When the market correction, you will not lose your bitcoin but you will only see the amount of conversion value to fiat go down. Do all beginners pay attention to this? NO, I think they are much easier to panic and just want to sell it right away for fear of losing too much.

All investors who are already successful now, at first they also suffered several losses. Make the loss experienced to learn to
understand how cryptocurrencies work. Moreover, it is possible that in December Bitcoin will be bullish again, so don't leave the market first,
should see the decline in the price of Bitcoin now as an opportunity for us to buy Bitcoin at a low price. Because this year is coming to an end,
it seems too difficult for Bitcoin to reach the price of $100k this year.  I also initially hoped that by the end of this year Bitcoin would be able to
reach a price of $100k, but I have to think more realistically by changing the target, and it looks like the $70k-$80 target is more likely to be
achieved by Bitcoin later this year.
Experienced investors will buy more bitcoin during a correction, they buy them at low price and then hold them for the long term. I'm not sure that they only target profit in 1-2 years, but this they can do for 5-10 years after they make a purchase. What they do is of course supported by capital and financial adequacy where the capital used for investment is not money that will be used to meet daily need. But can we do it? Yes, of course we can if we want and consider it to invest 20-30 percent of our monthly income without much problem.

If I saw how bitcoin hit $69K, then I wouldn't think $80K would be so hard to hit. But there are always doubt when FUD and negative news hit the market causing panic. Today the market is starting to try to recover, but tomorrow we don't know what will happen to the market.

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November 29, 2021, 05:52:22 PM
 #131

Looking at the bitcoin price movement these past few days, it's hard to say if the price will hit $70k the rest of the year. With market conditions currently experiencing a decline in bitcoin prices, it has not added any value to my initial capital. But I believe early next year bitcoin price will experience a significant increase and continue to set new ATH records.
But the last ATH is almost breaking that 70k , it is 68,500+ to be written so if there is last one bull movement this year before the end of december then yes 70k might be the last stand of ATH this 2021.
though it is really hard to see what will come soon because the way market is moving now it looks like it will dump High then will grow a little.
this is how mostly the Bear market comes and indication of the incoming dumping season.
But let us not lose hope but also don't expect too much , just be reasonable to look for the price.
I have not lost hope just yet, last time we moved from nearly from 30k to above 60k+ in a single month, that happened during October and it wasn't really that hard for bitcoin to do that neither. So, I am not saying that we will be 100k or anything, but reaching above 70k is not impossible neither. Just because we are having some hard time right now, doesn't mean that it will continue to be a hard time neither, maybe it will be a bit hard for now, but then suddenly one day we will have a 10% increase like how we increased today and then we are going to have some more and suddenly we will be doing a lot better.

This is a possibility, it is not guaranteed or anything like that but it is a possibility and I hope that it does happen as well. Let's just wait it out, and if we are lucky then we could possibly have something much better in our hands soon.
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November 29, 2021, 06:05:01 PM
 #132

Will you be satisfied if 2021  ends with an ATH of $70k for Bitcoin. Will it make you more richer or it wouldn't add any value to your intial capital.
Will you regret you joined the trend late or  would you be glad you bought when the  market did a retracement? Or you are still staring at Bitcoin with some sentiment

It all depends on how deep the current correction will be. If it leads to a panic sell and another bear market for several years, I will be very sad. However, if the correction is small and it causes the price of Bitcoin (and thus the entire cryptocurrency market) to calm down, I will be very happy, because it will be a good sign that cryptocurrencies are ready for adoption by the mainstream.
If too many people panic and sell bitcoin at the same time, then the bitcoin price will go down, this will continue to be used by big investors to buy, the current scheme is the pattern played by those with influence to make bitcoin go down, usually the end of the year is the selling pattern of every existing coin including bitcoin, but if the panic is too big for bitcoin correction, it will be very dangerous for the bitcoin market at the end of the year.
The scheme that takes place is inseparable from the panic of people who own bitcoin, but big investors will never panic about this kind of correction condition, therefore it is necessary to make a good study for the bitcoin market at the end of the year. Otherwise, cryptocurrencies will experience a big correction simultaneously and this is very dangerous if it happens, big investors will laugh and enjoy this condition, hopefully this will never happen at the end of the year.
Don't overdo it, the correction conditions that occur are not all caused by big investors, many other things that affect bitcoin are corrected, currently almost all cryptocurrencies are experiencing correction, not only bitcoin which has an impact, I think this is not influenced by investors in general, however something else is causing the cryptocurrency as a whole to correct, and if this doesn't recover any time soon, then the end of the year we will see a lot of coins going down at the same time.
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November 29, 2021, 06:09:32 PM
 #133

Will you be satisfied if 2021  ends with an ATH of $70k for Bitcoin. Will it make you more richer or it wouldn't add any value to your intial capital.
Will you regret you joined the trend late or  would you be glad you bought when the  market did a retracement? Or you are still staring at Bitcoin with some sentiment

It all depends on how deep the current correction will be. If it leads to a panic sell and another bear market for several years, I will be very sad. However, if the correction is small and it causes the price of Bitcoin (and thus the entire cryptocurrency market) to calm down, I will be very happy, because it will be a good sign that cryptocurrencies are ready for adoption by the mainstream.
If too many people panic and sell bitcoin at the same time, then the bitcoin price will go down, this will continue to be used by big investors to buy, the current scheme is the pattern played by those with influence to make bitcoin go down, usually the end of the year is the selling pattern of every existing coin including bitcoin, but if the panic is too big for bitcoin correction, it will be very dangerous for the bitcoin market at the end of the year.
The scheme that takes place is inseparable from the panic of people who own bitcoin, but big investors will never panic about this kind of correction condition, therefore it is necessary to make a good study for the bitcoin market at the end of the year. Otherwise, cryptocurrencies will experience a big correction simultaneously and this is very dangerous if it happens, big investors will laugh and enjoy this condition, hopefully this will never happen at the end of the year.
Don't overdo it, the correction conditions that occur are not all caused by big investors, many other things that affect bitcoin are corrected, currently almost all cryptocurrencies are experiencing correction, not only bitcoin which has an impact, I think this is not influenced by investors in general, however something else is causing the cryptocurrency as a whole to correct, and if this doesn't recover any time soon, then the end of the year we will see a lot of coins going down at the same time.
I'm not overly analyzing the current correction, the condition that almost all cryptocurrencies are correcting is caused by big investors taking advantage of bitcoin's conditions, even in this condition many investors make purchases of bitcoin. If it wasn't for them, then to make big purchases of bitcoin they continue to do at times of correction like this, and I still believe they are preparing a year-end scheme for bitcoin breaking at a high price.

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November 30, 2021, 07:41:56 PM
 #134

Will you be satisfied if 2021  ends with an ATH of $70k for Bitcoin. Will it make you more richer or it wouldn't add any value to your intial capital.
Will you regret you joined the trend late or  would you be glad you bought when the  market did a retracement? Or you are still staring at Bitcoin with some sentiment

It all depends on how deep the current correction will be. If it leads to a panic sell and another bear market for several years, I will be very sad. However, if the correction is small and it causes the price of Bitcoin (and thus the entire cryptocurrency market) to calm down, I will be very happy, because it will be a good sign that cryptocurrencies are ready for adoption by the mainstream.
If too many people panic and sell bitcoin at the same time, then the bitcoin price will go down, this will continue to be used by big investors to buy, the current scheme is the pattern played by those with influence to make bitcoin go down, usually the end of the year is the selling pattern of every existing coin including bitcoin, but if the panic is too big for bitcoin correction, it will be very dangerous for the bitcoin market at the end of the year.
The scheme that takes place is inseparable from the panic of people who own bitcoin, but big investors will never panic about this kind of correction condition, therefore it is necessary to make a good study for the bitcoin market at the end of the year. Otherwise, cryptocurrencies will experience a big correction simultaneously and this is very dangerous if it happens, big investors will laugh and enjoy this condition, hopefully this will never happen at the end of the year.
Don't overdo it, the correction conditions that occur are not all caused by big investors, many other things that affect bitcoin are corrected, currently almost all cryptocurrencies are experiencing correction, not only bitcoin which has an impact, I think this is not influenced by investors in general, however something else is causing the cryptocurrency as a whole to correct, and if this doesn't recover any time soon, then the end of the year we will see a lot of coins going down at the same time.
I'm not overly analyzing the current correction, the condition that almost all cryptocurrencies are correcting is caused by big investors taking advantage of bitcoin's conditions, even in this condition many investors make purchases of bitcoin. If it wasn't for them, then to make big purchases of bitcoin they continue to do at times of correction like this, and I still believe they are preparing a year-end scheme for bitcoin breaking at a high price.
It is true that this condition is strongly influenced by large investors, but we cannot deny that another big effect on bitcoin correction, this is offset by the demand and sales formula, both of which must be balanced so that certain coins are stable and do not go up and down, but this is not may occur over a long period of time in crypto, it is natural for a correction to occur and then recover by itself, in fact that is how the laws of economics work.
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December 01, 2021, 10:26:05 PM
 #135

Everyone is considering what would happen if it never reached 70k this year, but nobody talks about how it would be awesome if it did. I mean 70k+ in December would be something marvelous and the results of that could ripple into 2022 as well. I know that it is not going to be so challenging and I know that is not going to be unbelievable results and all that.

However, I also believe that we could reach to 100k in spring if we reach 70k in December. Instead of thinking "what if we can't reach 70k" we should think "how awesome could it be if we reach 70k" that would basically be a lot better. I get that it is not going to be easy to keep hyped all the time but that is the right way to approach it.

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December 01, 2021, 10:39:30 PM
 #136

Everyone is considering what would happen if it never reached 70k this year, but nobody talks about how it would be awesome if it did. I mean 70k+ in December would be something marvelous and the results of that could ripple into 2022 as well. I know that it is not going to be so challenging and I know that is not going to be unbelievable results and all that.

However, I also believe that we could reach to 100k in spring if we reach 70k in December. Instead of thinking "what if we can't reach 70k" we should think "how awesome could it be if we reach 70k" that would basically be a lot better. I get that it is not going to be easy to keep hyped all the time but that is the right way to approach it.
Whats the problem if we couldnt able to reach up 70k for this year? I know that most of people are being optimistic because Bitcoin had never failed to impress us when it comes to unexpected events specially on breaking new ATH but for now the thing we do only able to do is to wait up

because this isnt something that we should expect for some rise in a short time as possible because everything would really vary on the demand.
Thing here is that you do know on what you gonna do and take advantage  on the current price levels and whenever that bitcoin
do make out some move then selling out  would be our next step.

Lets just wait and be eyeing on possible events ahead.

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December 01, 2021, 11:04:19 PM
 #137

These prices are quite adequate, anywhere above 20k is positive action going on from year to year.   People always want everything now basically, only up and ironically to go only up would be damaging and amount to volatility; where as sideways equates to some stability and helps future gains in that base of volume across this range.
  I dont see it doing much dramatic this year having failed to confirm that breakout ATH positively or thats my interpretation.

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December 01, 2021, 11:34:30 PM
 #138

These prices are quite adequate, anywhere above 20k is positive action going on from year to year.   People always want everything now basically, only up and ironically to go only up would be damaging and amount to volatility; where as sideways equates to some stability and helps future gains in that base of volume across this range.
  I dont see it doing much dramatic this year having failed to confirm that breakout ATH positively or thats my interpretation.
Of course, we have to take volatility as a positive as well. And just in the last 7 days, the pattern seems to be sideways, the highest price is $59k and then goes back again to $57k so which still above the support line of $55k. And we all know that when the market is calm like this, sooner or later a break out run will happen and I'm positive that we still have a final push this December or at least before the end of the year to a new all time high of $70k.

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December 02, 2021, 02:43:45 PM
 #139

These prices are quite adequate, anywhere above 20k is positive action going on from year to year.   People always want everything now basically, only up and ironically to go only up would be damaging and amount to volatility; where as sideways equates to some stability and helps future gains in that base of volume across this range.
  I dont see it doing much dramatic this year having failed to confirm that breakout ATH positively or thats my interpretation.
For long-term investors of course hope that the price will continue to increase because then the assets they have continue to grow, but for day traders of course the decline in bitcoin prices is not something to be afraid of. for me it's okay to hope the price will continue to rise because that hope won't change the fact that the price of bitcoin can go up or down very quickly.

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December 02, 2021, 02:54:35 PM
 #140

I would be quite pleased if the Bitcoin price would finish the year with a level like 70k dollars. Because I have bought some more after seeing the price going down below 60k dollars again. And I reckon that it can reach even a bigger level than 70k dollars if it starts climbing soon again. I wouldn't say no to a price like 100k dollars as I would nearly double my recent investment.  Grin

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