Can Bitcoin Break Out Above $20,000?

[edgarf76]

It hit 50K today. I can and can't believe it at the same time (strange feeling). I can thinking this has to pull back but there is more and more interest from big investors. Unreal.

 

[bettingappguide]

It hit 50K today. I can and can't believe it at the same time (strange feeling). I can thinking this has to pull back but there is more and more interest from big investors. Unreal.

Over $52k today.....

Some jump from the $10k 12 months ago. If only we knew then it would be worth this much.

 

[xecutable]

It's hilarious, back in 2016 while I was in Holland and it was trading around 600-800$ I tried to buy a few, but they wanted me to present bill copies and stuff, and at the time my rent included everything so it was an obstacle. After a bit of debate I decided that it wasn't worth my effort to get the necessary docs to buy some

Saw a post from some time ago that Calvin Ayre backed Bitcoin SV, rather than Bitcoin itself. That at the moment is pretty cheap, a bit over 200$.

 

[PROFRBcom]

Calvin Ayre first backed Bitcoin Cash, but then he split from them, supports Craig Wright as Satoshi Nakamoto, and back BSV.
Surprisingly, the Revenue Network brands are slow to adopt BSV. They DO offer it now, but not to all customers. They offer Bitcoin and Bitcoin Cash to all customers.

Strange really. I'd think RN brands would push BSV to push Calvin's fortune to the stratosphere.

 

[xecutable]

Broke 57,000$ today.

 

[casinoportal]

I'm scared to buy any now because sooner or later it's going to crash I think, and hard. Nice watching it hit these crazy highs though, could break through the 60k barrier soon at the rate it's going.

 

[DaftDog]

I'm scared to buy any now because sooner or later it's going to crash I think, and hard.

That's what some people were saying when it hit $100.

 

[Joonas]

Is it more likely it will be at 5k by end of the year or at 200k?

 

[PROFRBcom]

That's what some people were saying when it hit $100.

This actually happened to me. I was convinced by a customer to buy some. Was going to buy 5k, price was $97.

Back then, I thought of it as a stock.

So I had delays with registration at exchange, and as I waited for KYC, it went to $98. Next day $99. Then $100. By the time my KYC is ready, it is $103 and I think to myself....

This thing is going up too quickly, I will wait for a pullback and buy in lower.

Pullback never game.

Had I bought $5,000 worth at $103, current value of those BTC would be $2,468,000...

Oops!

 

[Strider1973]

The web is full of such stories PROFRB...
Just ask youself: even if you had bought 50 BTC seven years ago, what are the chances that you'd still own those 50 BTC?

 

[PROFRBcom]

The web is full of such stories PROFRB...
Just ask youself: even if you had bought 50 BTC seven years ago, what are the chances that you'd still own those 50 BTC?

I didn't need 5k then. I don't need 2.5 million now. And nowhere in between was I in need of funds.

So to answer the question, somewhere approaching 100% actually.

 

[TheGooner]

So to answer the question, somewhere approaching 100% actually.

I'd take the bet that it's close to 0% in reality mate.

And I speak from my experience.

(EDIT : too much detail shared)

I'd estimate that I extracted good value out of crypto in 5 years - probably more than the 20 years in the affiliate area (and I've had a pretty good gig there too) - but only a small percentage of what it would have been if I'd simply held every BTC sent to me.

It's a bit like the story of the guy who spent 10,000 BTC on a $10 pizza in the first commercial transaction, a price that's approx. half a billion dollars today. At the time it was amazing that he could exchange "nerd money" for real world pizza ... and if not on pizza it would have something else WAY before it even reached 1 cent of $1 per BTC.

Woulda, coulda, shoulda ... it's hard to second guess ... but it's hugely unlikely that anyone would hold onto every single token when that grows from $100 (in your case) of $400 (in my case) to numbers like $20,000, $30,000 and more without taking real world profits.

 

[PROFRBcom]

I'd take the bet that it's close to 0% in reality mate.

This is a public forum but... you have lost your bet.

 

[TheGooner]

This is a public forum but... you have lost your bet.

Really? Honestly?

When you didn't want to buy into BTC because you thought at $103 it had gone a bit too far? Those don't seem like "diamond hands" to me ...

You would NOT be tempted to sell some and take profits at $200, $300, $400? Or at it's 2014 peak of $1,000 ... especially when it started diving to $200 again (as it did) ?????

IF that's really true then you'd be one person in a million (or maybe a billion) ... and I'm not sure that special investing person is someone who says $97 is a good price but $103 isn't ...
;-)

All I'm saying is don't beat yourself up - we can all see the billionaire plays with the benefit of hindsight (MAX BUY APPL, GOOG, MSFT, TSLA and BTC) - but the truth is that we'd never ride the roller coaster during the dips ...

 

[KasinoKing]

All I'm saying is don't beat yourself up - we can all see the billionaire plays with the benefit of hindsight (MAX BUY APPL, GOOG, MSFT, TSLA and BTC) - but the truth is that we'd never ride the roller coaster during the dips

Rollercoaster is the perfect word for the Crypto world right now!
EVERY weekend my coins seem to go up and my finger hovers over the "cash-out" button... but then I think "what if they carry on rising...?", so I don't press it.
Then every Monday morning I beat myself up!

KK

 

[PROFRBcom]

Really? Honestly?

When you didn't want to buy into BTC because you thought at $103 it had gone a bit too far? Those don't seem like "diamond hands" to me ...

You would NOT be tempted to sell some and take profits at $200, $300, $400? Or at it's 2014 peak of $1,000 ... especially when it started diving to $200 again (as it did) ?????

IF that's really true then you'd be one person in a million (or maybe a billion) ... and I'm not sure that special investing person is someone who says $97 is a good price but $103 isn't ...
;-)

All I'm saying is don't beat yourself up - we can all see the billionaire plays with the benefit of hindsight (MAX BUY APPL, GOOG, MSFT, TSLA and BTC) - but the truth is that we'd never ride the roller coaster during the dips ...

I am not beating myself up over anything.

I have never actively invested in Bitcoin or any other crypto currency.

I am in fact 1 in a million in many respects although as much of it is from dumb luck and laziness as comes from genetic gift and conscious choice.

Life is strange.

 

[bettingappguide]

Nice jump today to over 60k

 

[PROFRBcom]

Is it more likely it will be at 5k by end of the year or at 200k?

I saw some options activity that suggested 100k BTC by April @ 8%.
By end of 2021, 100k was @ 20% probability.

I'd say 200k > 5k probability wise, but who knows. Triple up seems more likely than 90%+ plummet in value given all the big business money flowing in.

TBH, I'm not sure I want to see 200k btc any time soon though. Moves that go too far too fast... trouble.

 

[Kadabra]

I would say the right comparison is not 200k vs $5k (due to the reasons you stated) but more 200k vs 0.
200k seems insane considering the amount of money flow it demands. although i read predictions higher than that (and from serious people).

Thinking about from few years perspective. this is just insane world. not mentioning that NFT thing when online painting sold for 70M. that's just nuts. Crazy world.

 

[TTR]

Even for double your money now - BTC should make 120k, so it's kinda of stupid to buy it now, dont it?
Buy on low, sell on high.