Don't you guys have an impression, that we're rapidly reaching the point where EVERYONE around us talks about BITCOIN? That is exactly what we're seeing.
I am 100% agree. in fact, recently i have shared video about this topic. I had invited to buy bitcoin to my friends and relatives when it was 3 thousands and that time they ignored bitcoin but now even main stream media of india are praising bitcoin so they want to buy bitcoin now. But i think this is not a buying price..
See its noticed now, and people are wanting to learn about BTC. You and me like Bitcoin have a lead, being early in the crypto field. Good for us. Still, I guess this is the last bull run of this sorts of Bitcoin because it's maturing in its market cap, after this nah...so(: ...anyway, BTC I take it is considered as digital gold and I won't sell it now, until economic certainity comes and things settle, as fiat currency may collapse...
Opps..so hedge it with crypto like BTC, I also brough Decred...although its high price, now corrected, I am sure there is lot of room for it to grow, so let's wait and wait. It's new for us, exciting but testing too.
Only problem is BTC selling man, Binance and other crypto exchanges get loaded and slow down when too many are in trading. So...and I still finding a way around this, may a DEX etc, see things are still hard for people who know plenty about these cryptos, can imagine for novices, its going to shock them, when they experience, the mining fees and slow transfers when transacting BTC, ETH.
Maybe Binance Dex, or Chain can be a solution, it's still uncertain, but anyway!!
it is a normal thing and am not that surprised the key world will trend, when it was still affordable, no one really search about it. FOMO is too much in this aspect.
we are already in that aspect because people will really want to know what is really going on around the cryptospace but they need to thread carefully
The thing is that the BTC is becoming very popular among the common citizen, and that makes noise to all spheres of society, many people are joining to buy bitcoin, both common people and big celebrities, however I think that this bullish race will have a moment to reach a maximum price and from there it will go down considerably.
Let's wait and see how far the BTC can go up and up.
This is a bull run but it's different than what we had in December 2017 because this time people are more aware and more institutional money has been poured into Crypto space.
with the price rise of Bitcoin and other coins I can see 4 more in the market and it feels like many people who have not been part of Crypto space yet are exploring the options to enter now with the thought that they should not be missing the train.
I had always believed that crypto will go mainstream and will pump in price but I never expected the kind we are seeing currently in btc.
My only worry is; will this be sustained? What will happen if the institutions decide to cashout? Are we expecting more rises or are we at a breakeven point? So many questions to be answered
One of my favourite finance authors speculates that this run will culminate in Bitcoin getting to $300k. It sounds wild but considering we pretty much doubled the previous ATH in a matter of days, it could be possible.
My best bet is that we'll end up at $100k but I won't complain if it gets to $300k
After the declaration of many influential people in the world, such as Elon Musk, people read the recommendation of Elon Musk when he said that the BTC was his favorite. People went out of their way to investigate what the BTC is and began to buy, that and other things can be an important factor for the rise in prices.
However, I am sure that this cannot continue forever and what worries me is how long and how far it will go, I hope that it will not repeat what happened years ago when the price dropped drastically.
If that is true, the problem is in the fall, it can be very hard.
I know it can stabilize. but at what cost for those new investors who do not know about the market and only entered for a simple comment without knowing anything.
It is impressive the bullish race that the BTC has experienced, a few weeks ago when it was still close to 20 thousand dollars a friend who is a miner told me that it was handling a projection towards 40 thousand dollars, which seemed to me exaggerated but now it is a reality.
Let's wait to see how far this bullish run goes and how it strengthens the world of cryptomonies. Excellent article. Successes.
It is a very interesting question you ask, and the cop-out answer is to say, none of us know the future. However, whenever we have had a parabolic run in the past it has been followed by a big drop in price afterwards. The current bull run has become a bit insane and we know that any of the whales can dump their Bitcoin and push the price down significantly. When that happens, people panic and sell their bags too.
So, personally, I think it is inevitable that in the coming days we see a big pullback in price and go through a period of correction and accumulation again.
However, I do believe that there is still more to come in this market over the next few months. Crypto technology has come on a long way since the 2017 days and the usability and utility of crypto is improving. In the next couple of years though, I believe we will see a big swing when another crypto takes over dominance from Bitcoin. It is just a matter of time and in my opinion, it might be Ethereum on the back of Ethereum 2 and the move to POS that facilitates the move. When that happens, I believe Bitcoin will crash as actually the dream of a decentralised currency can not be realised with the limitations of Bitcoin.
I've said earlier that $40k~$100k range in short term is realistic, but in long term, we see higher numbers than most people can even pronounce... After certain point, Bitcoin value reach a point that will trigger Lemmings effect... People who have been around long enough know what Lemmings effect is, basically someone does something and then everyone follows blindly even if it results in catastrophe.
Bonds, stocks, gold, commodities, crypto, and even oil is starting to rise. This is due to all of the liquidity that was created by the Federal Reserve Bank. The only issue is that once we approach the end of the debt cycle and debt has to be paid down you will see a deleveraging followed by defaults. If the economy hits a recession again, then the Federal Reserve Bank won't be able to reduce interest rates anymore and the Fed is already signally that congress needs to step in and support the economy with Fiscal policy. We'll see what that fiscal policy looks like. My best advice would be to stay diversified and don't put into the market what you can't afford to lose.
For all of us, it is an extremely atypical behavior, something unthinkable, and the worst thing is that even when we are in this world of cryptomonies, we never intuit these accelerated movements, there is no objective variable, nor any indicator or technical analysis, that provides us with information on these price movements that the BTC has been making. In particular, I think that we are approaching a breakout point, in the following we will see consecutive corrections, therefore, it is time to take profits. Thank you for this great call for caution.
Yeah I think this is more controlled than previous runs. The general public are not actually talking about BTC. It seems that investment is coming quietly from companies seeing BTC as a safer asset than holding USD. Will there be a correction? YUP! Will it be as bad as in the past? That is up for debate I think.
Without a doubt the current bullish onslaught that has been generated around the bitcoin from my perspective is nothing more than a strategy of the big investors, where we must be vigilant as we can observe a catastrophic collapse that will leave out many of the small and medium investors.
I am not an expert on the subject, but I observe a lot of euphoria at the moment of buying this digital currency and making projections that are not very credible and sustainable over time,
We will be watching the events, time will tell everything, but I think that the breaking point is close to the current figure.
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We are in this world of cryptocurrencies and it is so unstable, that is the detail, we are at what goes up and it makes us sad when it goes down @creativeblue
No doubt it has been an impressive bullish run, which I think will not stop these days, with growth at its current price and the recognition of some inclusive people, bitcoin has become the target of many investors. For this year I think the 100,000 will be short.Greetings @creativeblu
hmmm... First a fall, I heard that BTC has such parobolic ones, but I can't imagine it, until I noticed this amazing bull run.
First, Bitcoin is only maturing now, its been still not owned by majority of population, and now they are going to buy BTC and the asset is becoming large in its market cap, this time around definitely there is lots of room for BTC to grow.
Would you sell BTC now?, if world assumes its digital gold, would you sell it now. If there is BTC shortage, and you own this scare asset, will you sell it now.
See...that's exactly why BTC won't be sold now, especially if its considered as a hedge as inflation and all.
This is a start of bull run, we have a long way to go, so its not late for people to enter, although I agree, the asset is in the midst of becoming really large, so buy BTC now, rather than when it grows bigger.
I think its going to continue this parobolic price rise, keep HODLing. Make profits out of selling Altcoins, convert them to BTC and keep...simple...
Well. Ye we are in a bull run, but I do believe we will keep for a bit.
I am thinking about buying more even at these prices, but I am also not one to sell, I just Hodl for the most part and enjoy the divdends :D
We are still in a controlled bull run, sharp drop will be common and plenty, but, easily to recover.
I am 100% agree. in fact, recently i have shared video about this topic. I had invited to buy bitcoin to my friends and relatives when it was 3 thousands and that time they ignored bitcoin but now even main stream media of india are praising bitcoin so they want to buy bitcoin now. But i think this is not a buying price..
Indeed. Now is a very bad time to buy crypto.
right
should look for low price but good
Ha...
See its noticed now, and people are wanting to learn about BTC. You and me like Bitcoin have a lead, being early in the crypto field. Good for us. Still, I guess this is the last bull run of this sorts of Bitcoin because it's maturing in its market cap, after this nah...so(: ...anyway, BTC I take it is considered as digital gold and I won't sell it now, until economic certainity comes and things settle, as fiat currency may collapse...
Opps..so hedge it with crypto like BTC, I also brough Decred...although its high price, now corrected, I am sure there is lot of room for it to grow, so let's wait and wait. It's new for us, exciting but testing too.
Only problem is BTC selling man, Binance and other crypto exchanges get loaded and slow down when too many are in trading. So...and I still finding a way around this, may a DEX etc, see things are still hard for people who know plenty about these cryptos, can imagine for novices, its going to shock them, when they experience, the mining fees and slow transfers when transacting BTC, ETH.
Maybe Binance Dex, or Chain can be a solution, it's still uncertain, but anyway!!
it is a normal thing and am not that surprised the key world will trend, when it was still affordable, no one really search about it. FOMO is too much in this aspect.
we are already in that aspect because people will really want to know what is really going on around the cryptospace but they need to thread carefully
Hello @creativeblue.
The thing is that the BTC is becoming very popular among the common citizen, and that makes noise to all spheres of society, many people are joining to buy bitcoin, both common people and big celebrities, however I think that this bullish race will have a moment to reach a maximum price and from there it will go down considerably.
Let's wait and see how far the BTC can go up and up.
Greetings and thanks for sharing.
This is a bull run but it's different than what we had in December 2017 because this time people are more aware and more institutional money has been poured into Crypto space.
with the price rise of Bitcoin and other coins I can see 4 more in the market and it feels like many people who have not been part of Crypto space yet are exploring the options to enter now with the thought that they should not be missing the train.
I have realised some profits for now and would not buy right now. Pretty sure that bitcoin will fall below 30.000 again.
I had always believed that crypto will go mainstream and will pump in price but I never expected the kind we are seeing currently in btc.
My only worry is; will this be sustained? What will happen if the institutions decide to cashout? Are we expecting more rises or are we at a breakeven point? So many questions to be answered
Not if — the institutions will cash-out.
Exactly my concerns too
One of my favourite finance authors speculates that this run will culminate in Bitcoin getting to $300k. It sounds wild but considering we pretty much doubled the previous ATH in a matter of days, it could be possible.
My best bet is that we'll end up at $100k but I won't complain if it gets to $300k
In 2017 they said the same thing. And then bitcoin crashed at the €16.000.
After the declaration of many influential people in the world, such as Elon Musk, people read the recommendation of Elon Musk when he said that the BTC was his favorite. People went out of their way to investigate what the BTC is and began to buy, that and other things can be an important factor for the rise in prices.
However, I am sure that this cannot continue forever and what worries me is how long and how far it will go, I hope that it will not repeat what happened years ago when the price dropped drastically.
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Upvoted 👌 (Mana: 56/112) Liquid rewards.
After every halving there was a bull run followed drop. And every time it stabilised at a higher level.
If that is true, the problem is in the fall, it can be very hard.
I know it can stabilize. but at what cost for those new investors who do not know about the market and only entered for a simple comment without knowing anything.
It is impressive the bullish race that the BTC has experienced, a few weeks ago when it was still close to 20 thousand dollars a friend who is a miner told me that it was handling a projection towards 40 thousand dollars, which seemed to me exaggerated but now it is a reality.
Let's wait to see how far this bullish run goes and how it strengthens the world of cryptomonies. Excellent article. Successes.
Hi @creativeblue
It is a very interesting question you ask, and the cop-out answer is to say, none of us know the future. However, whenever we have had a parabolic run in the past it has been followed by a big drop in price afterwards. The current bull run has become a bit insane and we know that any of the whales can dump their Bitcoin and push the price down significantly. When that happens, people panic and sell their bags too.
So, personally, I think it is inevitable that in the coming days we see a big pullback in price and go through a period of correction and accumulation again.
However, I do believe that there is still more to come in this market over the next few months. Crypto technology has come on a long way since the 2017 days and the usability and utility of crypto is improving. In the next couple of years though, I believe we will see a big swing when another crypto takes over dominance from Bitcoin. It is just a matter of time and in my opinion, it might be Ethereum on the back of Ethereum 2 and the move to POS that facilitates the move. When that happens, I believe Bitcoin will crash as actually the dream of a decentralised currency can not be realised with the limitations of Bitcoin.
But what do I know? 😄
I've said earlier that $40k~$100k range in short term is realistic, but in long term, we see higher numbers than most people can even pronounce... After certain point, Bitcoin value reach a point that will trigger Lemmings effect... People who have been around long enough know what Lemmings effect is, basically someone does something and then everyone follows blindly even if it results in catastrophe.
Bonds, stocks, gold, commodities, crypto, and even oil is starting to rise. This is due to all of the liquidity that was created by the Federal Reserve Bank. The only issue is that once we approach the end of the debt cycle and debt has to be paid down you will see a deleveraging followed by defaults. If the economy hits a recession again, then the Federal Reserve Bank won't be able to reduce interest rates anymore and the Fed is already signally that congress needs to step in and support the economy with Fiscal policy. We'll see what that fiscal policy looks like. My best advice would be to stay diversified and don't put into the market what you can't afford to lose.
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Greetings @creativeblue
For all of us, it is an extremely atypical behavior, something unthinkable, and the worst thing is that even when we are in this world of cryptomonies, we never intuit these accelerated movements, there is no objective variable, nor any indicator or technical analysis, that provides us with information on these price movements that the BTC has been making. In particular, I think that we are approaching a breakout point, in the following we will see consecutive corrections, therefore, it is time to take profits. Thank you for this great call for caution.
Yeah I think this is more controlled than previous runs. The general public are not actually talking about BTC. It seems that investment is coming quietly from companies seeing BTC as a safer asset than holding USD. Will there be a correction? YUP! Will it be as bad as in the past? That is up for debate I think.
Hello @creativeblue,
Without a doubt the current bullish onslaught that has been generated around the bitcoin from my perspective is nothing more than a strategy of the big investors, where we must be vigilant as we can observe a catastrophic collapse that will leave out many of the small and medium investors.
I am not an expert on the subject, but I observe a lot of euphoria at the moment of buying this digital currency and making projections that are not very credible and sustainable over time,
We will be watching the events, time will tell everything, but I think that the breaking point is close to the current figure.
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It is indeed the bull run but we need to be careful in our trades as it may drop anytime.
We are in this world of cryptocurrencies and it is so unstable, that is the detail, we are at what goes up and it makes us sad when it goes down @creativeblue
I am not going to buy cryptocurrencies right now
Thanks for sharing
The bull run will be extended.
One thing I believe is bitcoin is capable of rising but the question is can it be actually sustained?
No doubt it has been an impressive bullish run, which I think will not stop these days, with growth at its current price and the recognition of some inclusive people, bitcoin has become the target of many investors. For this year I think the 100,000 will be short.Greetings @creativeblu
See you later, have an excellent weekend !
I hope the break even is far away from us.
Its above 50000$, i think
hmmm... First a fall, I heard that BTC has such parobolic ones, but I can't imagine it, until I noticed this amazing bull run.
First, Bitcoin is only maturing now, its been still not owned by majority of population, and now they are going to buy BTC and the asset is becoming large in its market cap, this time around definitely there is lots of room for BTC to grow.
Would you sell BTC now?, if world assumes its digital gold, would you sell it now. If there is BTC shortage, and you own this scare asset, will you sell it now.
See...that's exactly why BTC won't be sold now, especially if its considered as a hedge as inflation and all.
This is a start of bull run, we have a long way to go, so its not late for people to enter, although I agree, the asset is in the midst of becoming really large, so buy BTC now, rather than when it grows bigger.
I think its going to continue this parobolic price rise, keep HODLing. Make profits out of selling Altcoins, convert them to BTC and keep...simple...
Crazy though...laughs...
I feel the bull run is ahead of us for sure and this time I hope it is in the alt space.
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