bitcoin ¡Demand increases and supply decreases in the Bitcoin!

[Obliv0n 333]

It is no secret that today the adoption of Bitcoin has increased faster than the system can support, therefore the supply has been limited due to institutional purchases, which monopolize the newly mined coins, leaving the exchanges with a low supply compared to past years.

This can be the basis for an outbreak that involves a rebound in the price of Bitcoin, since the less supply is in the market, the greater the demand and therefore the profits will increase.

This could be interpreted as a possible "bubble", but for now it is inevitable.

What's your opinion about it?

• Is institutional adoption a bad thing for individuals or in the long run is it better for them to dictate how the market works?

[Sykkuno 2887]

The bubble might be a lot higher, I see $40,000 as being a reasonable price for Bitcoin and while many claim that price will grow above $100,000 this will probably be closer to bubble territory, the way I see it is that $40,000 if it is achieved it can be the price that would be great to work from there, although if it is not support it can be a problem to drop back. It depends on many things as some regulations that are still rumours will be later known and can create a few problems for Bitcoin.

[Whited35 15285]

20 hours ago, Obliv0n said:

This can be the basis for an outbreak that involves a rebound in the price of Bitcoin, since the less supply is in the market, the greater the demand and therefore the profits will increase.

This could be interpreted as a possible "bubble", but for now it is inevitable.

Upsurge in BTC price was seen after PayPal enabled cryptocurrency holding on the platform and biggest institutions kept converting their assets into Bitcoin and this trend has been going on over the months. Most of the Bitcoin holders are loving to hold BTC in the wallet so price can going up even close to $100K, nothing for sure here but we can not reject the possibilities 😉

[Raqeebzy 6456]

18 minutes ago, Whited35 said:

Upsurge in BTC price was seen after PayPal enabled cryptocurrency holding on the platform and biggest institutions kept converting their assets into Bitcoin and this trend has been going on over the months. Most of the Bitcoin holders are loving to hold BTC in the wallet so price can going up even close to $100K, nothing for sure here but we can not reject the possibilities 😉

Every well done TA and projection of BTC price seems achievable right now. I remembered a lot doubted bitcoin breaking the ATH in 2020 and then it was a new ATH after a new one. 

It is just a new year and it is crazier already than previous ones. 

21 hours ago, Obliv0n said:

Is institutional adoption a bad thing for individuals or in the long run is it better for them to dictate how the market works?

Talking about institutional purchases and large whales purchases, I think in the long run, it is not the best for BTC; it need to be more decentralized to more holders to decrease some possibilities of manipulations and such. For adoption, it isn't something to be too worried about, BTC is still mining, there is enough btc for everyone though it is going to become the scarciest asset.

[Whited35 15285]

31 minutes ago, Raqeebzy said:

Every well done TA and projection of BTC price seems achievable right now. I remembered a lot doubted bitcoin breaking the ATH in 2020 and then it was a new ATH after a new one. 

It is just a new year and it is crazier already than previous ones. 

Brother, unable to overnight due to current momentum seen in the cryptocurrency markets. I give you free tip, also do not forget to track sell off orders in the US stock market🤣. My whole experience is getting failed once again as I am not able to sell or hold BTC from my hardware wallet due to FOMO. Profit is already 30 folds more than my expectation 😜!! What do you think? Is not it heading toward $100K mark ? 

[Raqeebzy 6456]

12 minutes ago, Whited35 said:

Brother, unable to overnight due to current momentum seen in the cryptocurrency markets. I give you free tip, also do not forget to track sell off orders in the US stock market🤣. My whole experience is getting failed once again as I am not able to sell or hold BTC from my hardware wallet due to FOMO. Profit is already 30 folds more than my expectation 😜!! What do you think? Is not it heading toward $100K mark ? 

I can see you are enjoying yourself with the market movements huh? 

It is just as right to FOMO on BTC. She's crazy right now. 😅

Going to $100k? Na. Not anyhow soon, it is still very early to make exact and right projections but really I am looking forward to $100k before this year runs out if I am not being greedy 😅. And not without me joining the boat.

[Whited35 15285]

44 minutes ago, Raqeebzy said:

I can see you are enjoying yourself with the market movements huh?

Active trading is going on but today, it was my misfortune, I sold 6 LTC at the rate of $139 each but have a look at its price ! LTC/BTC price strength is also looking strong !

46 minutes ago, Raqeebzy said:

Going to $100k? Na. Not anyhow soon, it is still very early to make exact and right projections but really I am looking forward to $100k before this year runs out if I am not being greedy 😅. And not without me joining the boat.

2 days ago, current price was impossible, tomorrow may be current price can be too low 🤣 !! Anything can happen brother as the investors are growing up. If you are active day traders track the momentum made by Bitcoin with the record breaking dominance in the market !!

[zhoutong 2188]

I don't see a bubble yet, it will take a very large parabolic spike for reaching there. I see that Bitcoin will reach $100k easily without many hurddles and will have some volatility in the meantime. The more the volatility gets, with sudden drop of higher percentages and recovering after, then the closer it will be to the top. There will be a top again and what the news call a bubble will be at a point where Bitcoin will start dropping. And there will be another 80% drop from the new all time high. We can say that it will be 200k top for 2021 and 40k bottom for 2022 if everything goes as the charts suggest.

[abohasnn9 2401]

My friend, one of the most important advantages of Bitcoin is that it is limited in number, as it is a maximum of 21 million pieces, with a rate of 80% of them only, and in the meantime the demand increases for it, it is more stable in the meantime and the number available for trading is reduced so I invite everyone to keep it Thank you

[tienda 8776]

Is possible right what do you say Dear, some institutional are purchasing Bitcoins. I think this year 2021 is the year of Bitcoin adoption. Or maybe will be like others years start with high price then return the volatility drop... But is this good for Bitcoin, increasing faster than before?...

[annayks 2314]

You don't know where the top will be, since most say it will be 100k it should be an indication of the opposite and perhaps it will not reach there. Maybe governments won't allow it to grow this high and just ask for exchanges to shut down in a China style crack down. The market will always have these problems and while we hope it goes higher we can't know for certain or feel safe with our investment.

[velasco19 1753]

I am really surprised by the participation of the institutional ones, we can see the scarcity of BTC in the exchanges and each time they increase in the wallets, the price is simply rising due to the great demand.
I have heard many people from other markets saying that this is a bubble, but it is different from 2017 that the institutions did not enter, if they do not mind buying large quantities at these prices we simply have to take advantage of the movement.

[susan8929 811]

I think the Bitcoin supply is one of its main features, because nobody can create more coins than the total of 21 million, so the price will increase in the long run.
For that reason, I think that btc will continue to rise during 2021, because everything indicates that more institutions will buy btc throughout the year.

 

Regarding your question, I think as an investor it's great that more institutions will buy Bitcoin, because the price will increase and I'll be able to make more profit.
However, as a btc holder and enthusiast, I think it's bad because they will have too much control over the market.

[Raqeebzy 6456]

23 hours ago, Whited35 said:

Active trading is going on but today, it was my misfortune, I sold 6 LTC at the rate of $139 each but have a look at its price ! LTC/BTC price strength is also looking strong !

Yeah. It was similar to what I said earlier. LTC and ETH doesn't seem to be left behind in this crazy bull run. Cam you see ETH price movements since yesterday?

23 hours ago, Whited35 said:

days ago, current price was impossible, tomorrow may be current price can be too low 🤣 !! Anything can happen brother as the investors are growing up. If you are active day traders track the momentum made by Bitcoin with the record breaking dominance in the market !!

Yeah. I am not an active BTC trader really. It is very limited the amount I posses, I am more of altcoins investor and recently DeFi, more reason I can't wait for alt season.

I keep monitoring BTC however. It is looking like it's taking some corrections currently and everything so quite for now. Might be some time to take advantage and purchase?.

[Naseer Ahmad78 721]

Of course you are right,more and more people are joining bitcoin day by day and its popularity is increasing, due to its high demand, its delivery is reduced.The second thing is that its security is very high and we can do Millions of transactions in 1 second, so due to this people are also joining it.

[Baba g Sialkot 527]

There is no chance to create fake Bitcoins, But there are a lot of fake cryptocurrencies created by the scammers and shit exchanges. We shoul stay away from that coins created by scammers because we could do a huge loss by utilizing that exchanges and their coins.

[Obliv0n 333]

First of all, thank you all very much for participating in one of my first topics, I see that some members with a certain reputation and trajectory decided to project their opinion about it. 
 

@Raqeebzy, @Whited35, @tienda They gave me ideas for future topics, I will soon post them in this section, Thanks!

20 hours ago, velasco19 said:

I am really surprised by the participation of the institutional ones, we can see the scarcity of BTC in the exchanges and each time they increase in the wallets, the price is simply rising due to the great demand.
I have heard many people from other markets saying that this is a bubble, but it is different from 2017 that the institutions did not enter, if they do not mind buying large quantities at these prices we simply have to take advantage of the movement.

@velasco19I was also surprised by such adoption, I did not expect an incursion of so many private firms. some doubled their investments from one day to the next.

 

21 hours ago, tienda said:

Is possible right what do you say Dear, some institutional are purchasing Bitcoins. I think this year 2021 is the year of Bitcoin adoption. Or maybe will be like others years start with high price then return the volatility drop... But is this good for Bitcoin, increasing faster than before?...

I see the current situation as a double-edged sword, everything points to the price continuing its bullish run, however we are in unknown territory, the market can act in ways that we do not expect.

[Msh9 84]

Yes, this is true. The number of members who join this encryption increases dramatically after it becomes clear to them the credibility of working with encryption and the physical supply of Bitcoin decreases due to the large number of members and the demand for this currency.

[Fixfin 2569]

The demand has risen a lot lately so this cause the prices to spike, the supply is always there, this is an asset that is bound to be resold by the investors but we are in a cycle now where nobody sells for lower, when buying even at $34k you have to wait to sell higher, although every investor should be having a stop loss too, as prices can become very volatile.

[cryptovlek 2597]

On 1/2/2021 at 5:04 PM, Obliv0n said:

This could be interpreted as a possible "bubble", but for now it is inevitable.

Bubble has usually a state of euphoria, too high prices and investors buying Lambos. Once you see your neighbour that never cared for technology or investments telling you he is in Bitcoin, be on the lookout for an exit.

[Obliv0n 333]

22 hours ago, Fixfin said:

The demand has risen a lot lately so this cause the prices to spike, the supply is always there, this is an asset that is bound to be resold by the investors but we are in a cycle now where nobody sells for lower, when buying even at $34k you have to wait to sell higher, although every investor should be having a stop loss too, as prices can become very volatile.

@Fixfin Of course, the supply will always exist since that is one of the benefits of decentralization, however the question is to what extent can this demand be satisfied, which is increasing day after day thanks to both institutions and individuals ( Large or small investors) who enter the market, I believe that bitcoin will continue to rise in price to a point that we cannot imagine, what do you think?

[Fixfin 2569]

10 minutes ago, Obliv0n said:

@Fixfin Of course, the supply will always exist since that is one of the benefits of decentralization, however the question is to what extent can this demand be satisfied, which is increasing day after day thanks to both institutions and individuals ( Large or small investors) who enter the market, I believe that bitcoin will continue to rise in price to a point that we cannot imagine, what do you think?

I think certainly, Bitcoin has all the requirements this time to keep the bull run going for a long time, however as I said there will be times when whales will be selling and prices will see some very big corrections that will probably be very higher from the mere 15% we have seen until today. Even 50% correction for Bitcoin won't mean that everything is lost, it requires a lot of events to happen on the top to know it can't go more.

[Whited35 15285]

On 1/4/2021 at 7:02 PM, Raqeebzy said:

Yeah. I am not an active BTC trader really. It is very limited the amount I posses, I am more of altcoins investor and recently DeFi, more reason I can't wait for alt season.

Brother, most of the true investors would not love to sell their BTC holding during this bullish markets. Recently, Litecoin and BNB made me confused due to sudden upsurge and I thought altcoin season is initiated but immediately, price collapsed and I came into the conclusion, investors were just converting their BTC to some altcoins like BNB and Litecoins to make transfer easier🤣. 

 

[Jromz 2158]

I honestly cannot see how the current situation could be regarded a bubble, compared for example to  what happened in 2017, where retailers decided to invest in Bitcoin driven by FOMO, which was unsustainable over the time, leading the bubble to burst. Right now, even though we have a big participation of institutions, I do not think this involves they could be able to dictate how the market works, as they simply cannot change the general consensus of Bitcoin, for example the hash rate of algorithm, halving periodicity, etc. Also, although Paypal and Cashapp are hoarding newly mined Bitcoin their very ultimate purpose (theoretically) is to sell those to common people using their platforms, not moving it to exchanges to drop the price.

Edited January 6, 2021 by Jromz
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[Labozhii 413]

On 1/3/2021 at 6:54 PM, tienda said:

But is this good for Bitcoin, increasing faster than before

Bitcoin appears to be a promising coin for that we are expecting more from it before the end of this month January and with that investors can earn some profit to there wallets.