Quote from: akar87 on January 06, 2021, 06:29:28 AM

Quote from: wxa7115 on January 03, 2021, 07:07:15 PM

While the year is still too young bitcoin is showing that it is still going strong and at this point there is no reason to believe otherwise, we must follow the tendencies that show in the market especially those that are as strong as this one.

It will be interesting to know if at some point governments are going to take a look at bitcoin and try to do something about it, as the main reason bitcoin is going up is because institutional investors are using bitcoin as a store of value to protect themselves from the policies of the government, and that is a problem for them as they cannot use the inflation tax to reduce their wealth anymore.

Optimist bitcoin price this year will reach more than $50k and look today raise again above $1000 and how amazing wake up price from bitcoin, just waiting few weeks maybe bitcoin and altcoin will jump to higher price, many bad news is not give any impact for bitcoin and altcoin price because have strong foundation for bitcoin keep going on to higher price again, just believe this year most worth for investing in cryptocurrency world.

At this point I do not see how that level will not be reached, today we are not having a lot of action but that was to be expected because as we know the action in this market tends to slow down in the weekends as people are probably not as attentive to the markets as they are in any given weekday, however the market will definitely keep raising as there are many motives to think the economy despite what governments say is not recovering on schedule and that most of the recovery we saw in wall street came from money printing policies and the illusion we could vaccinate all the world really quickly, an illusion that is dissipating really quickly.

As such the only path for the economies of the world is down and since bitcoin is by definition a bet against fiat and the current economic system that is only going to benefit it on the long term.