Post
Topic
Board Speculation
Re: Bitcoin penetrates into $17 000
by
dragonvslinux
on 18/11/2020, 14:17:44 UTC
Bitcoin has crossed the mark of $18,000 today and marching towards $20,000 and most probably gonna achieve the mark sooner than expected. Those people who believed in Bitcoin and we're HODling Bitcoin were right as its paying them back and this would be bit difficult to digest for those who sold off Bitcoin out of panic.

I think we will see Bitcoin crossing the mark of $25,000 before the end of this year.
Today $18,000, I agree with your prediction about the price at the end of the year. Bitcoin has grown in price too fast but it is also reasonable, cycle 3 years back.
Too fast too furious. In the back few days, it feels like only buyers existing on an exchange. $18000 is still an astonishing price for me. I expect that bitcoin would hit $18000 by the end of this year but everything runs rapidly. More and more investors are aware of bitcoin recent behaviors and they decide to make action before being kicked out of the game


There was a big sell-off in the past few hours but the market recovers extremely fast. This decline can be considered as a correction although it only has a minimum impact on the market.

It happened already, Bitcoin price has already touched 18000$. But everything was going very fast and this jump happened in really short period of time.
To be honest I don't like when Bitcoin price rises so sharp in such short period of time so I expect some corrections very soon. On the other hand if this trend continues we might see 20000$ again very soon. The question is only how long is it going to last.

I know the feeling! I've got no issues with price mooning when I'm 99% invested, but at the same time whenever price goes parabolic it usually leads to a deeper correction than if we merely made a higher high. I would have preferred price top out around $16-17, then correct to $12-14 (25-30%), whereas now if price continues to $20K, to me it still seems likely price would correct to $13-15K (30-35% pull-back). At the same time, you get what you're given, can't complain about the price. At least a deeper correction would likely take longer time-wise than a shallower one, therefore it will likely provide more time to accumulate during a dip than usual.