Your favorite crypto news blog

Bitcoin at $28000.... what is the next goal? HODL !

Bitcoin 2020/12/27 13:39 by ItsMe YouKnow

Dear, it's time ! it's time to HODL *!

Have you seen the recent price of bitcoin? I'm sure you did. Bitcoin hit $ 28,000. It would be great if you had some, bitcoin or even satoshi, .... In that case you should be asking yourself ... Isn't it a good time to sell bitcoin now?

I think the short answer is NO. But since no one can predict the future price of bitcoin ... maybe you shouldn't trust this advice ... To be honest, I'm not sure the price of bitcoin will continue to rise, but ... keep reading this.


The price of bitcoin is the highest price in its history. This means that a bitcoin is never worth so much in its entire life. Why is the value so high? Bitcoin has had a lot of good news recently. Paypal is finally adopting bitcoin. Other financial services have invested a lot of money in bitcoin. All of this news is making bitcoin more reliable for everyone. More people will invest in bitcoin. More people will want to see Bitcoin at a higher price. The USD value is reduced a bit (therefore bitcoin, other FIAT, hardware, .. is worth more USD than before) .... So ... if everyone wants to buy bitcoin and wants to see its price increase ... think that will do?

Yes, the price of bitcoin will likely continue to rise, but until what? I do not know. Maybe we need to hit a price that people will say "ok .. I made xx% with my investment ... It's time to take my profit now!" ... so what is the right amount? I think it will be close to an interesting and rounded price ... maybe 30,000 USD? maybe 50,000 USD? 100,000 USD?

All scenarios are possible, but if I have to bet on a price. I will say $ 40.0000.

It's a nice and rounded price. Twice the price of $ 20k Bitcoin hit in December 2017. So now we want to know when we will see that price. Again, this is more of a gamble than anything I know I will say within 5 months. So hopefully you will see the bitcoin price at $ 40,000 in May 2021.

Are you selling all of your bitcoin or satoshi in May 2021? Hope you don't. Even though I'm right and the price of bitcoin hit $ 40,000 in May before going down ... I'm not really sure it will go down that much.

  1. First; I don't think we'll ever see the price of bitcoin below $ 20,000 again.
  2. Second, I think bitcoin will hit $ 100,000 as well. Maybe in a few years but still ...

So as they have been saying for years : HODL.

At $ 100,000, it will probably be time to sell and use your profit to do something with it. If everything goes the way we want, you will be able to buy bitcoin again after the dip, but if we hit 100k, don't expect to buy back a bitcoin at 50k ...

Either way, if you don't have bitcoin, it's probably time to buy some ... (you should be able to hold them for years, to be sure you're making a profit). If you don't have the money to spend on it, use a tap and look for offerwalls; Sometimes there is a great deal that will pay you up to $ 100 in crypto.


Long live BITCOIN heart


*What's HODL? : hodl is slang in the cryptocurrency community for holding the cryptocurrency rather than selling it. It is often backronymed to "Hold On for Dear Life".


3 Like(s)

You should also read...

Bitcoin 17/11/19 09:19 by Matthew Hrones
3 Things Stopping Bitcoin From Returning to $20k
Bitcoin is known for its meteoric rises and plummeting dips, but the price has not seen much upward momentum over the past few months. Ever since Bitcoin topped $20k in December 2017, people have been...
Read More
Other 02/12/19 16:05 by PRNEWS.io
Ixinium to Announce IEO Launching on December 5th on P2PB2B
The ever rising company looks to raise up to $100 million USD to build out an online platform that delivers decentralized and transparent asset-backed cryptocurrency, which is fully insured for repla...
Read More
Bitcoin 02/04/20 12:45 by Brenda Ngari
BitMEXodus: Bitcoin Supply On BitMEX Plummets 23% In Two Weeks Following March’s Liquidation Spiral
March 12 is a day that most crypto traders wish to forget. On that particular day, BTC fell by 50% within hours. This steep correction led to the liquidation of billions in long contracts on BitMEX a...
Read More
Bitcoin 22/04/20 19:30 by Tony Spilotro
Number of Bitcoin Whales Hits Previous Pre-Bull Run Level
Bitcoin‘s halving is less than three weeks away, and the anticipation of the massive price increase that is widely expected throughout the crypto market has potentially led to a sharp increase i...
Read More
Bitcoin 11/12/20 20:29 by Adrian Klent
This Bitcoin exchange inflow metric is signaling a major long-term bullish rally
If you thought the Bitcoin wave was over, the new metrics might require you to think again. The $19850 price peak has not been retested, but in the long term, new metrics are suggestive of a promisin...
Read More