I was kinda skeptical at first, thinking that the highest bitcoin might only hit around $89k in the next few days. A bunch of us have switched to stablecoins or even cash to lock in profits, planning to buy back when prices drop. But honestly, I think I jumped out of bitcoin a bit too soon. I’m not here to whine about it, just a reminder to not let emotions take over. If I weren't strong-minded, I’d probably be itching to buy back in due to FOMO, but I've made my call and I’m sticking with it. This isn't the end of the world, and I truly believe bitcoin can go even higher.
Just a friendly reminder to avoid making snap decisions in the market and keep your eyes on the long-term goals! Good luck to all. Hope this bull run treats everyone well.
$90k milestone reached!
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CalmLedgerSenior Member
Posts: 236 · Reputation: 1270
#2Jan 23, 2021, 06:33 AM
Bitcoin already reached the new ATH but that will not stop on that price. I believe Bitcoin price still increase and break the last ATH and make a new ATH. But we still don't know what is the real ATH as that still a mystery and no one will know. We can only sell our Bitcoin at any high price we want so we will not regret of what we do later. Yes, it is not the end of the world while Bitcoin will gets correction so you can buy back Bitcoin at a lower price although you need to wait for some time to buy Bitcoin. The decision to sell our Bitcoin will depends on our goals and if our target price is not reach now, we can still hold for more and wait until the price increase to the price we want.
Usually in any market, even more in bitcoin's, breaking the resistance is hard. In this case breaking $70k was hard. And after that the resistance dwindles. The next hard thing was probably $80k, from there reaching $100k is the easiest thing because it will be met with the least resistance (or sell pressure).
After reaching and breaking $100k things may get harder because it is a round number and usually people sell at such targets (for no logical reason!). If the momentum is strong enough to counter that sell pressure, we may see much higher prices.
After all the capital is coming back to the market, and bitcoin intrinsic value should be a lot higher than this considering over the past couple of years the adoption has grown but price has been suppressed due to recession and high interest rates.
I guess right now, the real question is when Bitcoin will finally stop pumping. Were witnessing a full-blown bull run, and if historys taught us anything.. its that wild things can happen. Everyone should approach this price action with a different mindset.
1-For short-term investors: dont get greedy. Take your profits and step out when you can.
2-For long-term holders: just keep HODLing until you hit that target price.
3-For day traders: stay bullish, ride the wave, and keep stacking those profits.
Next topic? Hitting that $100k milestone.
It will be interesting to see how, with this latest bull run, BTC has reached new heights at Bitcoin touching 89,850 dollars. Holding out for a better buy-back price may be worth it, but one cannot say whether a significant dip will come soon. This set of factors includes Bitcoin ETF, which started in early 2024, and changes in macroeconomics after the US election that seem to push it upwards more steadily than during previous runs. Maybe a little patience will serve well, but it's good not to overthink corrections that may or may not happen.
it's always up to you to decide what you will do with your Bitcoin holding at whatever price Bitcoin gets to. At whatever price you end up selling, you will eventually discover that you sold too soon in the long run and chances of buying back might not be always possible. Bitcoin has already gotten to $93k and what's standing against it and $100k is now too small and it's clear that getting past that $100k is 100% possible within the year.
We can't tell if Bitcoin will continue to pump even when it gets past this region or not, chances are that the pumping will take us past $100k and continue moving gradually as the year comes to an end. It's a journey that will keep breaking new ATH upon new ATH and the implication will be disappointment for any one that rushes to sell too fast.
raven_2014Full Member
Posts: 49 · Reputation: 370
#7Jan 27, 2021, 09:09 PM
It's a very big shame that you have been around in this forum for a while and you actually don't believe in the potential of Bitcoin.
You think that 89k is the highest Bitcoin can go, well that's your own cup of tea, because you were not only myopic on your view of Bitcoin but you still went ahead as trading it for minimal gains that wouldn't make much of an impact in your financial status.
So tell me, how will you feel if by 10 years time from now Bitcoin has risen up to 700k to 1million dollar, how will you feel? So much regret right?
Try as much as possible to think long term with Bitcoin, because the way Bitcoin is structured, it's more profitable to hold for a very long period of time than to be selling at every price increments, just for minimal gains.
But now, everyone has a long term plan already, it could be good if you talk about it when the market is down or maybe in the worst bear market when the price was at it's lowest of $15,500. But now it's different, most of us could have already fill in this wallets with Bitcoin and has been saving in the last two years. And with that, the best advise by now is just to continue to HODL.
We are not in the brink of seeing the price at $100k at the end of the month or at the start of December. So just a little more patience, and for sure we are going to push for that price no matter what. Bitcoin can't be stop by now and by 2025, we could be reaching the peak of the price.
The wrong thing for most people is that on the moment that they've seen Bitcoins price is pumping then this is where they would really be starting on trying out to accumulate and they are really that doing something when it isnt really that still pumping. They will really be creating those kind of emotions and thinking that this would really be that better for future or does have potential on which i do really have those kind of expectations that on the moment that the market will be having that correction and have bought on 90k peak price then they will really be that having those kind of disappointment that they thought that it will really be shooting up directly to 100k. Actually there's no way that we can be able to know on what would be the things that happens ahead on which it will really be something that could neither be pumping or not after hitting up 90k. Who had thought that this price will really be shooting up that fast? Pretty sure that there will really be those people who are anticipating that there would really be some huge correction that will happen after this. We cant really be having that pumping market forever. If you are really that holding for long term and wont really be that minding about those price movements or up and downs then
this will really be that not turning out to be stressful on your part.
Bitcoin movement since we entered November has been impressive and it got everyone mute for a very long time even as we post everyday it keeps getting higher, some are still shocked at what they're seeing. Some members said Bitcoin price will get to $90k before the end of this month (I said that too) but things are changing each time we speculate on what will happen next. At some point I had this feeling that Bitcoin can't get to $100k before the end of this year but from what I'm seeing I think we might see something bigger than $100k before December, I don't know but base on how fast the market price is going it can be possible and we might loss count of the ATH.
Yes, it is very nice to have a very good ATH, not at $73k anymore but at $90k, it has been totally crazy, things have happened in a very impressive way, it is expected that if Donald Trump takes power the price will reach more than $100k, it would be great, there are some who say that the price did not get there because Trump won, I would say that we have to accept things as they are, it is not the effect of ETF, or Halving or anything like that, it is because of the Trump effect and that's it.
The price has to correct, it is what a normal and healthy market does, but we have to prepare for when he takes power, I am sure that it will increase much more.
Less than $9000 bitcoin will hit $100K then it will be a bullish month.
I believe some investors who do not have the mentality will be tempted by the profits now that they can withdraw the coin and sell it as soon as possible to enjoy... but this is something too early to do, when they have sold then a little regret will always be there so keep in mind the price of bitcoin now.
I see a long term plan... At least want to see $100K as the latest record... any more than that and more power has come to bitcoin.
There are always sellers because people buy BTC using borrowed dollars. The biggest sell would be if Dollar spikes for some larger reason in the world, it would raise the cost of those bets and cause selling. The lower price then produces secondary selling etc. Its a possible avalanche type situation or cascade effect.
I'm not bearish or thinking of that possibility right this moment but its literally possible every day because of all the negative events you hear in the news can tumble into something greater that will topple markets. With that in mind, never over balance yourself or presume we must go upwards.
BTC does look very positive, the price I have listed for a cross to negative action is 88k. Quite nearby, going sideways more in the last week enabled various measures of momentum to catch up and that's how I'd judge BTC progress generally.
LoneRocketSenior Member
Posts: 363 · Reputation: 1840
#14Feb 1, 2021, 12:44 AM
Selling at $89K might have been a bit rash but it's not a bad decision at all, if you bought at lower prices a while ago you would have made 2x or 3x profit so it's not bad at all.
All long term Bitcoin holders have set their selling targets at a certain point, so in my opinion if Bitcoin hits the target and then goes above it you don't have to be sad because making a profit is better than the regret of missing out, so in my opinion you should be happy with your profits and don't regret it.
We are not really that far away from 93k neither, so that means we could technically see the price change soon as well and we could probably make enough profit of this that would make things a lot better. I believe that the best way to go forward right now is still buying and holding. I know that it makes people a bit scared to buy when the price is so high, but that doesn't mean that we can't buy or shouldn't buy, we need to keep on buying to make this work as much as we possibly could.
The price could reach as high as over 200k dollars and that means we could still more than double our money. On top of that, I would say we could use our profits from bitcoin, not all of it but some of it, to buy some alts that will go up as well and we could double our profit in that way. Most people are missing a great chance right now and we need to remember how much money could be made from bitcoin at the moment. Don't be afraid that it already went up, we still have room to grow.
t0ny.vectorSenior Member
Posts: 110 · Reputation: 814
#16Feb 3, 2021, 04:37 AM
The Bitcoin market has exceeded our expectations this week, I saw the Bitcoin market reach its highest high today at $94750. Since the Bitcoin candles are currently burning green and are skyrocketing, we can reach the $100k road. Although I do not have Bitcoin at the moment, I have already created a stable coin when the Bitcoin price entered $93k. I am currently planning to buy Bitcoin again when the market comes to a little dumping, I have decided to buy Bitcoin at this time and hold it until it reaches $100k. However, the way Bitcoin is awakening our high aspirations now, it is certain that we will reach the bull market very soon and see the Bitcoin market reach its highest ATH.
Bitcoin's price is currently above $94K, and its movement is now upward, it will cross the $100K price at any time.
And at this moment there is no guarantee that Bitcoin will dump again and there is no possibility of it. At the moment, Bitcoin is moving towards $100K.
However, since you do not have Bitcoin yet, and you now want to buy Bitcoin and hold it for up to $100K. so you can do that, your current investment will be a short-term investment, so it is important for those who are short-term trading or investing to take profits, to take profits on time.
You should have decided to invest in Bitcoin earlier. Because if you had decided to invest earlier, you could have made more profit, because Bitcoin is already much more expensive now, the profit you will get by investing now and selling it after $100K, if you had invested a few days earlier, your profit would have been even higher. Whatever, you invest now, good luck to you.
Bitcoin hit another milestone today and is very close to $100k and expect to cross the milestone anytime soon. Instead of planning to consider long-term strategies now, those with holdings should decide to withdraw their share of profits. Capital should be kept in holding position in anticipation of further bull runs in the future. Or the investment perspective that long-term DCA strategy can be very useful for the future to get more Bitcoin stash.
I think long term and some of my holdings have been stuck for how many years already. It will only become fruitful when it starts to manifest and we are able to hold it tangibly. But then, this gives another lesson for people that doesn't have Bitcoin yet, they need to be reminder that even we hit $90k and it's above that now, it's not too late at all. There could be some ideas that circles on their minds that it's too expensive already. Okay, that's them and they'll realize soon how more expensive it will be when they complain more.
I had to check Coinmarketcap and see if we get closer to $100k. But it was just $94,902.02, I mean, for me it we says we almost touch then it should be around $98k-$99k. However, it was another big day for us, as this is obviously another all time high. And I'm seeing that the market right now is really pushing for that 6 digits as they are still in the FOMO mode until that $100k is going to be hit.
As for the subject here, $90k, could be just the norm now, neither resistance, nor support level. Which means that we might not see that price again in the future as we are going full tilt to reach 6 digits before the end of the month or the end of the year.