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Showing 20 of 667 results by rincoeng1986
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Re: Will BTC reach $100,000 in December?
by
rincoeng1986
on 21/10/2021, 14:30:43 UTC
Bitcoin has just hit an all-time high of $66,930. Therefore, with the current price movement at an unprecedented rate, the bitcoin price will skyrocket past $100,000 later this year. Moreover, in this month alone, the price of bitcoin has rallied more than 20%.

I see the price of bitcoin almost peaking this year and predicting a sharp correction in the next few days. this goes against the many assumptions of people who are hoping for bitcoin to break through $100k in december this year. but it looks very real to me.
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Re: El Salvador run or survive?
by
rincoeng1986
on 21/10/2021, 14:19:28 UTC
I think El Salvador continues to run even in the midst of price fluctuations. This is evidenced by where El Salvador continues to buy bitcoin when the price experienced a deep correction throughout last September. They even adopt Bitcoin as a medium of exchange

When Bukele ordered the purchase of Bitcoin a month back, there was huge outcry in El Salvador. It got louder when the exchange rates crashed from $45,000 to $42,000. Some rioters even burned down the Bitcoin ATMs. But the current exchange rate is $57,000 (which represents a 30% upswing from the rate at the time of purchase). And incidentally the mainstream media has gone silent on this issue, although they were churning anti-Bitcoin articles at a rate of a dozen per minute earlier. 
You would really expect those words because not all would really be having always that kind of positive feedback or do agree on things in one go because there would be supporters and so much with haters too.
Now that bitcoin had reached out 60k+ then what are their words? For sure they would really be that silent for too long and might changed up their minds when bitcoins price would break its ath and would
go to new ATH.Its a good call that El Salvador did really came in on the right time and we might be seeing new numbers on upcoming years to come.
The policy of the bukele president towards legalizing bitcoin in El Salvador has been in the spotlight in the country, where they have managed to increase their profits greatly this year and the economic growth in the government of El Salvador is getting better.
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Re: $80k within 6 weeks, new ATH October 2021
by
rincoeng1986
on 21/10/2021, 14:12:08 UTC
the market can no longer be reached at this time bitcoin has penetrated the highest price and has gone too far to be reached again by novice investors. after reaching $66k everyone expects when can reach $80k again especially in this October. but unfortunately the market is really on the way back at this time, the fear is a bearish market in the future.
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Re: How much would you like to see Bitcoin priced in 2022?
by
rincoeng1986
on 20/10/2021, 06:20:17 UTC
Do you think Bitcoin will touch the 1 million milestone in 2022? I think Bitcoin will cross 80 thousand dollars in 2022. What do you think?

I am not so focused on the price of bitcoin in 2022. We are focusing on the state of the bitcoin price at the end of 2021 or next December. bitcoin is breaking through $64k according to some of the markets we've seen and will likely break through $65k again tomorrow. bitcoin moves slowly step by step.
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Re: Bitcoin failed at $58,000 and dropped by more than $3K in a day.
by
rincoeng1986
on 20/10/2021, 06:11:55 UTC
I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.
I think Bitcoin's current price drop is normal and only a small correction compared to the big price correction in last September. The current price decline will make Bitcoin take the first step to increase to reach a new ATH considering that Bitcoin has fallen very significantly in the last month. Therefore we don't need to panic with the decrease in the price of bitcoin which is more than $3k in a day.

We see that correction always happening and even if we are in bullish condition we can still see that then maybe we should expect that to happen since there's no always pumping up movements on bitcoin even before. And we really don't need to panic on the corrections since for sure many traders will take that opportunity to buy on another round and either earn or hold it for quite long time again.

The decline in the price of bitcoin from $58k to $55k or called a price correction of $3k in a day cannot be said to be a failure because crypto is often volatile. what about now that bitcoin has broken through $64k is it still a failure? bitcoin is already in the strong spotlight of various media and has been of great interest to new investors.
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Re: The indices that makes bitcoin price
by
rincoeng1986
on 19/10/2021, 15:26:33 UTC
i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?
Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so.

The price index is very positive in this one week, many altcoins are following the movement of bitcoin. will likely be followed by the newly marketed altcoins in cryptocurrencies.
The bitcoin market index has broken through its high levels in recent days looking like a household ladder.
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Re: How do you explain the October pump?
by
rincoeng1986
on 19/10/2021, 15:16:35 UTC
Just a normal scenario for Bitcoin I guess.
September if you will look at the charts is really a bad month for Bitcoin but the remaining 3 months is one of the best months of it. I'm not saying though that from October - December, price of Bitcoin don't go down but if you will look at the history you will see that most of the time it goes up.

I think there is no need for an explanation into what is happening this month because it is expected already base on the history. One thing more is that the bulls are still in control of the market. We almost saw the Bears controlling it by seeing Bitcoin went down to below $30,000 but it didn't happen and instead the bulls prevail.

the month of october bitcoin has gone too far to climb, could it be that he has reached the end of the mountain or is still in the process of climbing it. I'm a little worried about the current state of the market, if bitcoin is at the end of the climb it might come back down to take the next mountain. hopefully bitcoin continues the process of climbing high mountains reaching the latest ATH price.
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Re: How far can bitcoin price correction go?
by
rincoeng1986
on 19/10/2021, 15:10:04 UTC
After seeing that the price correction caused the price to go down to even $42k, I was afraid of the probability that it would go down even below $40k in a short time. It would be the start of another boring period for us and maybe we wouldn't see the bull market for a longer time. But I'm thankful to see the price climbing again. It climbed over $48k but the correction phase still maintains. It is $47k now. I hope to see the price recovering over $50k again before the end of the month.
I think Bitcoin has been on the rise again since early October and has the potential to increase quite significantly over the next few weeks. The price of bitcoin has now returned to the level of $62k. Therefore, I think by the end of this month, BTC will most likely hit $65k and potentially enter the $70k to $75k region in late October or early November.


Bitcoin is holding between $60,000 and $62,000 for the next few days. Bitcoin market price is on the verge of calming and investors are looking at other altcoin markets, because altcoins have started to go all the way to the moon and have started the green zone with the highest percent rate.
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Re: Bitcoin in 2022?
by
rincoeng1986
on 18/10/2021, 07:36:34 UTC
Hello everyone.

Where do you see the bitcoin price in the next few months, especially at the starting of 2022?

It's around $45K right now. Experts' opinions are needed.
I think bitcoin will soar in 2021 there are a lot of good news of adoption and this adoption will surely create an effect of the btc price in the next few years from now. There is no way that expert can predict the possible price of btc next year but one thing for sure is that btc is looking good this days and According to Jurrien Timmer – Director of Global Macro at Fidelity Investments – bitcoin needs two more years to reach a price of $100,000.

Bitcoin price is in a bullrun mid-October 2021 this event makes old investors smile again after they went into shock a few months ago when the market price dropped to $38k. now bitcoin is back at $62k a very proactive market in its recovery mode.
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Re: Is Bitcoin bull market back
by
rincoeng1986
on 18/10/2021, 07:28:59 UTC
Bitcoin hit its historic high again in October 2021 Q4 as many investors had hoped. A bullrun market is going on for the whales right now and bitcoin is at $62,400 it's likely the price will continue to hover until $65,000 by the end of October.
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Re: Bitcoin 10% increase in a day - why?
by
rincoeng1986
on 14/10/2021, 17:29:44 UTC
This increase occurs due to the inauguration of the U.S. Infrastructure Bill and currently in one of the largest banks in the U.S. already storing crypto assets is certainly very extraordinary and will have a big impact on the value of bitcoin and altcoins of course, and in the future the increase that occurs will pass the current 10% mark and is currently slightly hampered due to news of the ban on using crypto transactions in China, China. But it's not too much we care because in the last year they also made negative news but it only lasted a moment later the value of bitcoin again increased.
It is still uncertain, might it gives some impact on the price but I don't think that is only the reason for this price surge.
But all I can say is that we're glad to have this momentum despite the FUDs and news coming from China. The market stood still stronger and what we've seen this time is a sign that we're moving upward and the demand is increasing.  Having this uptrend motion, we can expect that there is another ATH that comes within this year.
Yes, it's really no way to know about this why this happens, but currently we have few good things going around us and these all are helping in positive mode. We all know that crypto market is about news when there's someone saying it will go up especially if the influencer is popular then surely it's going in positive way without any reason also.

Sometimes we can say like investor's interest increase, so just because of this we have this good increase in very quickly. And few countries have good news about bitcoin, this is also good case for this.

bitcoin continues to increase in recent times as many countries have started adopting bitcoin among the countries of El Salvador and venezula. no need to wonder why bitcoin continues to increase until it reaches 10% per day. countries have realized that bitcoin is a future digital asset that is in great demand. now bitcoin has entered the highest first rank than other assets.
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Re: Bitcoin price is in a downtrend, will it last long or temporary?
by
rincoeng1986
on 14/10/2021, 17:25:43 UTC
I think now bitcoin price is in an uptrend since last week. The bitcoin price has again broken through the current $57k level. Therefore I think the target price of $60k will be reached within this month.

yes bitcoin is entering the support phase and many investors are panic buying at this time. investors started to adopt as many as they believed bitcoin would reach high levels. they have a target in december can get as much profit as possible and no doubt they will be the lucky ones.
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Re: Crypto will rival or replace fiat in 10 years?
by
rincoeng1986
on 14/10/2021, 17:20:58 UTC
Decentralized cryptos will be the alternative, not fiats rival or event replace it, both has various uses in their respective fields and will goes along each other. After all, who will want to guarantee all their assets in crypto if there is no guarantee that they will make a profit in the future.
As far as I know, crypto is a very volatile business and there is no guarantee of profit in it.

So far there have been no fatal losses for people who really understand crypto unless they are people in a hurry to sell their assets and people who choose the wrong coin to invest. choose the right cryptocurrency and choose a good coin like bitcoin, ethereum and others, then you never experience a loss.
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Re: Is the bitcoin going to burst anytime soon
by
rincoeng1986
on 14/10/2021, 17:08:36 UTC
People who say like that or opinions that say that Bitcoin will be like that... those are certain parties or people who are still the opposite of Bitcoin, who have not fully recognized the advantages of Bitcoin and its role which is increasingly being attracted by more people over the advantages from its characteristics.
Don't pay too much attention to that statement, actually in fact.. Bitcoin has the potential to have a good role for humans and can improve financial conditions.
they are people who do not understand the flow of the bitcoin cycle and are among those who are afraid of losing their fiat money. so he assumed that this bitcoin would be destroyed and no longer exist against bitcoin. but consciously unconscious bitcoin will be the best asset in the future.
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Re: Dream Bitcoin 100k
by
rincoeng1986
on 13/10/2021, 15:21:16 UTC
Everyone of us dude especially the Bitcoin holders but i think it is very far from this season, i believe will reach that price in next 3 to 5 years, but for now let us enjoy first the affordability of Bitcoin.

Do you really believe that it will take Bitcoin another 5 years to reach $100,000? This has to be one of the most pessimistic predictions about the Bitcoin exchange rate I have ever seen in this forum. And that also means that you believe the current rates are inflated, right? Because with the current rate of adoption, it will be foolish to expect just around 50% increase in the next 5 years. Because the userbase is going up by anywhere from 2% to 5% every month. So unless you believe that Bitcoin is overpriced at this moment, the prediction doesn't make sense.

very pessimistic if someone says that bitcoin can reach $100k, they have to wait 5 more years, I don't think he understands current chart movements and has never read news about bitcoin trends in foreign countries. many investors have started to look at bitcoin and many have adopted it, so it's a loss to say that bitcoin has to wait another 5 years to reach $100k.
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Re: Bitcoin on a recovery mode
by
rincoeng1986
on 13/10/2021, 15:12:54 UTC
This is not unusual. I think it's going through the normal process. We see that Bitcoin price constantly  increased in the last few days. It is a natural process to recover a little bit. There is nothing to worry about it. Today, the price of BTC has dropped 3.7%. At present the price of BTC is now 54 thousand dollar. I think shortly we will see the inspected movement for bitcoin price.

the graph has a lot of green color and returns to the star position. Bitcoin has gone up another 1% and is likely to be back in the green again tonight. really very fast bitcoin recovery mode. there is no harm in investing in bitcoin, now many investors have started to panic buy, so bitcoin will grow quickly.
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Re: Dream Bitcoin 100k
by
rincoeng1986
on 12/10/2021, 07:48:40 UTC
Everyone of us dude especially the Bitcoin holders but i think it is very far from this season, i believe will reach that price in next 3 to 5 years, but for now let us enjoy first the affordability of Bitcoin.

Do you really believe that it will take Bitcoin another 5 years to reach $100,000? This has to be one of the most pessimistic predictions about the Bitcoin exchange rate I have ever seen in this forum. And that also means that you believe the current rates are inflated, right? Because with the current rate of adoption, it will be foolish to expect just around 50% increase in the next 5 years. Because the userbase is going up by anywhere from 2% to 5% every month. So unless you believe that Bitcoin is overpriced at this moment, the prediction doesn't make sense.
I agree with you, it's too stupid to predict the next 3-5 years to only reach $100k, with a very significant increase in recent months from $38k able to bounce back to $57k price in a few months, so that in the next 3 months it can penetrate analysis estimate of $100k and no need to wait for the next 3-5 years.
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Re: Will BTC reach $100,000 in December?
by
rincoeng1986
on 12/10/2021, 07:38:49 UTC
Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin
It is obvious to me that there are two paths that we will take and it will not until December to realize which path we are on. If we keep going up then we are in a bull run and that means things could go to 100k, even if not in December then maybe next year, last year we went from 4k in march to 10k in summer to 60k in next may, which is why we should be considering the possibility of a bull run going even after we go into the next year.

What we need to focus on right now is the movement. However if it looks like it is going to drop down then we are going to have a correction and 100k doesn't seem likely in that situation so we should be more careful in that case.

we are monitoring bitcoin movement and now bitcoin has started to enter today's high of $57,400. there's nothing wrong with us staying consistent if bitcoin will penetrate $100k this December. The movement of bitcoin is very concrete and it is clear that its movement is influenced by some positive issues lately.
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Re: Welcome to Uptoberfest
by
rincoeng1986
on 12/10/2021, 05:31:46 UTC
The market is very volatile even though the market is experiencing strong support in the last 5 days, but stay alert for a sharp decline unexpectedly. From some of the markets we see only bitcoin, ethereum and binance are still in the green zone while the rest are trading in the red zone. so red status will likely occur in large markets.
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Re: Bitcoin’s Price Surges Amidst Facebook Outage
by
rincoeng1986
on 12/10/2021, 05:23:20 UTC
as previously reported by CNBC that Facebook CEO Mark Zuckerberg once uploaded the names of his goats, namely Bitcoin and Max. So I think the Facebook outage has something to do with the recent spike in bitcoin prices.

source : https://www.cnbcindonesia.com/tech/20210512140908-37-245237/heboh-bos-facebook-mark-zuckerberg-posting-olah-bitcoin