Bitcoin Price Tracking & Discussion -- 2020

[eddycash]

The reason BTC will exponentially explode to 6 figures is because big corporate money has barely begun to store their funds in BTC. Greyscale is leading the way but there are tons of companies yet to get in. On top of that, governments themselves will put entire country holdings into BTC. Most of you are unable to see past your shoe. Only the smart few will ride this out.

[BeatTheJerk]

Yearn !!!

[Optional]

Here comes $18k

[ace7550]

It really is fun when Bitcoin is skyrocketing

[floki]

The reason BTC will exponentially explode to 6 figures is because big corporate money has barely begun to store their funds in BTC. Greyscale is leading the way but there are tons of companies yet to get in. .

bingo

https://pro.bybt.com/futures/GrayscalePosition

[StackinGreen]

Yup. HODL

love and joy come to you and to you your HODL too

[Mike Huntertz]

A bit of a newbie on BTC but got some a year ago and it's worth double!
I wish I got more. I'm noticing it seems to move with gold/bad news also?
Any correlation to that?

[ChuckyTheGoat]

One of these days, pal!

[ChuckyTheGoat]

Yearn !!!

Jerky, u were born for this:

[ace7550]

A bit of a newbie on BTC but got some a year ago and it's worth double!
I wish I got more. I'm noticing it seems to move with gold/bad news also?
Any correlation to that?

I've seen it move with gold at times and also with the stock market. But it also decouples from these too. It's a damn tough thing to predict. Glad you got in Mike

[Art Vandelay]

The reason BTC will exponentially explode to 6 figures is because big corporate money has barely begun to store their funds in BTC. Greyscale is leading the way but there are tons of companies yet to get in. On top of that, governments themselves will put entire country holdings into BTC. Most of you are unable to see past your shoe. Only the smart few will ride this out.

So still worth a buy, even at this price in your opinion?

[BeatTheJerk]

Jerky, u were born for this:

18,149 !!!!

[Optional]

New all time high before Xmas?

Or a pull back before then?

[JAKEPEAVY21]

[ChuckyTheGoat]

18,149 !!!!

Jerky, jinx-post. -$500 since!

[stevex]

Jerky, jinx-post. -$500 since!

Lol I was going to post something about it going over 18 but didn’t want to jinx it!

[JAKEPEAVY21]

Maybe Brock bought some?

[ChuckyTheGoat]

Jerky:

*If this blow-torch hits 20,000 b4 Sunday midnite Eastern...I'll pay for your SBR Pro fee.

Whadda u say? You in?

[ChuckyTheGoat]

Lol I was going to post something about it going over 18 but didn’t want to jinx it!

Yeah! Beware the jinx-post.

[ace7550]

Just sold 15% of my holdings at 18k. Volatility is crazy right now. I think we will see a pull back before 20k.

[deeppckts]

It's going to drop substantially in December.

[pablo222]

Bitcoin just hit $18,000, and an analyst expects the next price target to be $22,000, a figure that is higher than the previous all-time high.
Bitcoin closed Tuesday at $17,679, a new 2020 high breaking the previous record of $16,726 which was just hit Monday. As of press time, the benchmark cryptocurrency hit $18,000, which is its highest price in the last three years. Bitcoin last reached $18,000 in December 2017, the month when it reached its all-time high price of just below $20,000.
With the previous all-time high on the horizon, people are looking forward to what’s to come after that. One analyst said Bitcoin could reach $20,000 and the first initial target is $22,000. According to Philip Swift, an analyst and founder of Lookintobitcoin.com, multiple indicators, including institutional buying and the 1 year HODL %, are still likely to increase soon, Cointelegraph reported.
The 1 year HODL % refers to the number of people whose BTC addresses hold Bitcoin for at least a year. At this point, the one-year HODL wave chart shows these investors are growing in number. This is significant because, despite Bitcoin being up by 154% already since the start of the year, the number of people not selling their Bitcoins still increases. It implies that these investors are looking forward to a further upside in the price of the benchmark cryptocurrency and that they are not selling anytime soon.

[raiders72001]

Selling is for the weak. You should be only buying dips and not selling until at least $100,000. Even at $100k selling is for the weak. BTC will hit $200,000 in the next 400 days

great advice.

[StackinGreen]

I totally agree. I welcome a pullback. Can you get these traders to push it back down to 16k? Thank you.

[bigtymer56]

It's going to drop substantially in December.

What is substantially?

So conditioned to the volatility now, it would have to drop below below 10k for me to even raise an eyebrow.

[clockwise1965]

If you think bitcoin hits a 100k your delusional and should sell all bitcoin now.

You clearly don't understand the crypto market.

[raiders72001]

There have been bubbles in 2011, 2013 and 2017. You can have a 10x gain or a 50% loss in a very short period of time. Let's hope for another 10x gain. During all of the bull runs, there have been pull backs.

[StackinGreen]

I am totally speculating, but I agree with a downward correction. I just don't see it going any lower than 14k and probably only to high 15s. I would love that as I want to keep buying - especially since I foresee $50k next year, at least.

[Wrongside]

On a site like Gemini, is it possible to create a sell order at a certain price? If it falls below this number, they will automatically sell for you...

[BigJay]

On a site like Gemini, is it possible to create a sell order at a certain price? If it falls below this number, they will automatically sell for you...

I used to be able to do this on Gemini, but not anymore. I just see instant buy or sell.

If anyone knows how it would help me as well.

[Arky]

I used to be able to do this on Gemini, but not anymore. I just see instant buy or sell.

If anyone knows how it would help me as well.

Settings-->Exchange and select Active Trader. It's just like what Coinbase Pro is to Coinbase.

If it won't let you select Active Trader contact customer support and tell them to turn it on for you. That's what I had to do back when they first introduced it...

[deeppckts]

All it takes is one terrorist attack, U.S. government says it was funded by crypto, they either ban all the exchanges or require absolutely full disclosure from all of them, and shitcoins tank 75%. US loves to stomp on liberties in the name of war or anti-terrorism since any politician who fights back will be labeled anti-American. UIGEA all over again.

[Arky]

All it takes is one terrorist attack, U.S. government says it was funded by crypto, they either ban all the exchanges or require absolutely full disclosure from all of them, and shitcoins tank 75%. US loves to stomp on liberties in the name of war or anti-terrorism since any politician who fights back will be labeled anti-American. UIGEA all over again.

Ain't that the truth. I've had about enough of the government "protecting" me....

[Bsims]

OK, I'm finally convinced that BTC will continue to grow, and fairly rapidly. It's a simple question of supply and demand. The BTC supply growth is slowing down by design, and will soon end. Hence a fixed and finite supply. Demand is growing as financial institutions are becoming significantly more interested in using BTC as a hedge asset (like gold). There are more and easier ways for people to invest in cryptos (i.e. Paypal and Grayscale). It's only a matter of time until until there are mutual fund like ways to buy into crypto.

There will be fluctuations in the price and I spent quite a lot of time trading to take advantage of these fluctuations. I made money doing this, but the big moves were killers. I explained the problem in earlier posts. Consider the studies that show missing the top 10 growth days on the S&P 500 cut the overall growth rate in half. I'm certain one would find the same in the crypto markets. All in all, it's a buy and hold BTC world.

[ChuckyTheGoat]

Bsims, hope you're doing well. Hope your days are healthy, fun, and profitable!