BITCOIN
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POST ALL YOUR LINKS, COMMENTS, AND QUESTIONS PERTAINING TO BITCOIN IN HERE.
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I figured there would be a pull back whenever there's a major rally like that it's almost always followed up with a sell off. I still see us hitting $70,000+ by end of year and holding that rather steady.
I don't think there's any doubt about that. I think $100k is almost a given at this point. It will probably meander around between $55k and the latest high for a while and then it will just GO. Just my opinion...
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Your opinion is very accurate
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Depends upon what the futures market says in my opinion. Since that is leverages, if they want to crush the price, they can.
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The pullback might go on and down to $56k or might continue on the bull part. I believe that the end of year will look bright for cryptocurrency
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The moon is waiting, you'll see.
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I think it will rally for the next few days then pull back. I still think we are in price discovery now.
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Well, a new resistance range has possibly already been established between $62K, so we are likely to see a price between 470K and the finally expected $100K.
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You are one of the more conservative forecasters.
And not to get caught up in the hype train but keep in mind there are still two months left in the year. We know how quickly things can move. If the bull has steam left, I believe we will push much higher.
It is not a case of creeping up higher.
That said, we could end lower from this level. The futures market can be manipulated a great deal if they want.
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I like to plan for worse case lol that way if it's better then that it's all gravy
Bitcoin pulled back, but could this be the smallest pullback by percentage ever for BTC? Or is a 50% to 90% pullback still expected based on history?
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Are you talking about the pullback from $65k down to $29k? That didn't feel small to me. If you're talking about the current one, then I don't think it will be too big or too long. Maybe retest $55k, maybe only $59k. Or maybe it just decides it's done retesting and runs straight to $80k. In my mind it all depends on the long/short positions. If there is a ton of long leverage coming in, it will spike lower before running. If the shorts are jumping in right now, it probably races higher. Whichever way makes the exchanges the most money is the direction it will go. The LAST thing they're going to allow it to do is stack a large amount of long-leveraged buyers and then have it run straight up. Every time that happens you'll see a sharp pullback.
It may be a somewhat cynical outlook, but it's right.
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I was referring to the current pullback. I think BTC reached USD 70K and right now it's over USD 63K. That's 10%, practically nothing in crypto terms.
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I think it's a minor setback, well actually when it comes to crypto it's always 50% and 50%.
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If it's only 10% or even 20%, that's good news. That could indicate a new phase in the world of cryptocurrency where drops/pullbacks/losses are more mild than in earlier times.
I could be mistaken and misled by hype, but if my guess is right then we've reached an important milestone in the maturity of cryptocurrency.
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It's occurred that Bitcoin the spike we just experienced shows that we’re rebounding from a 56% price drawdown post a 228% recovery and from the history another massive recovery is coming. Market analyst has started speculating $125K as against $100K speculation. What's your thought, will this happen soon? BITCOIN WILL HIT $125,000
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$125k before the year ends is something that may not likely come easily. Perhaps they want to keep people tight to their Bitcoin during the bull. You will agree with me that a jump to $100k on it's own won't come by easily. Perhaps we can say that such price will be the case by mid 2022.
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My hunch is that it will make it over $100K this year, of course by next year it may fall back to 70K but the 300K target is on track for 2022.
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The largest retailer installs 200 Bitcoin ATMs.
This will put the name in front of tens of millions of people each day.
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Will Walmart be getting a share of the profits from the ATMs? I have a feeling they will be but it's great news to get BTC out there for people.
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Chivo
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And in turn means more accelerated adoption by 2022.
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A good way to market one's brand. Also for the government to allow the installation, crypto lovers there will be confident in what they are doing.
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Wow Walmart seems to be going forward with Bitcoin.
Looks like ATM fees will kill you to use it.
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It's gotta retest support. If it holds then launch time...
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Yup! I agree.
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For anyone interested 'Barron's Weekly' (on Fox News I believe at 9pm tonight) topic is 'Should you buy Bitcoin ETF / or buy Bitcoin at all.
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I think most of us here already know the answer, but it will be great to see what their opinion is? this will also be broadcasted on the internet?
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I'm not sure but you could check foxnews.com
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Another Bitcoin Futures ETF goes live.
This one is traded on NASDAQ. We now have two with a third coming next week.
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