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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on December 05, 2023, 12:33:31 PM

Title: Bitcoin Breaks $40K Barrier — Highest Value in Nearly Two Years
Post by: sirty143 on December 05, 2023, 12:33:31 PM
Bitcoin Breaks $40K Barrier — Highest Value in Nearly Two Years

(https://i.imgur.com/b0DS9Qdm.jpg)

On Sunday, December 3, 2023, bitcoin’s value surged past the $40K mark, peaking at $40,846 at 8:45 p.m. Eastern Time. Over the past week, bitcoin has witnessed an 8.4% increase and a 3% rise in the past 24 hours, achieving a peak that the cryptocurrency hadn’t seen in 20 months. See more for yourself here (https://news.bitcoin.com/bitcoin-breaks-40k-barrier-highest-value-in-nearly-two-years/).

Your opinion is greatly appreciated.
Title: Re: Bitcoin Breaks $40K Barrier — Highest Value in Nearly Two Years
Post by: Tribalchief on December 12, 2023, 11:30:28 AM
Quote from: sirty143 on December 05, 2023, 12:33:31 PM
Bitcoin Breaks $40K Barrier — Highest Value in Nearly Two Years

(https://i.imgur.com/b0DS9Qdm.jpg)

On Sunday, December 3, 2023, bitcoin’s value surged past the $40K mark, peaking at $40,846 at 8:45 p.m. Eastern Time. Over the past week, bitcoin has witnessed an 8.4% increase and a 3% rise in the past 24 hours, achieving a peak that the cryptocurrency hadn’t seen in 20 months. See more for yourself here (https://news.bitcoin.com/bitcoin-breaks-40k-barrier-highest-value-in-nearly-two-years/).

Your opinion is greatly appreciated.
Even with my busy schedule, I have always found interest in checking its price before going to bed. It was $44K some days back, and honestly, I was surprised. But sadly, I guess it went back to $41K when I checked last night. I suppose this incredible rise and fall are based on the anticipation for next year's bull market, am I right?
Title: Re: Bitcoin Breaks $40K Barrier — Highest Value in Nearly Two Years
Post by: Kemarit on December 13, 2023, 12:09:25 AM
I think what we are seeing are just normal, after a huge spike in the price to almost $45,000, we might be seeing price correction in the last 2 days or so. And it's obvious that many traders or even some investors chooses to take some profits when we have a big increased.

But still though, if we end the year above $40,000 that is a big profit, more than 100% increased since the lowest low of $15,500 last year. We will have the biggest event for Bitcoin and that is the halving. So I guess it's better to just continue to accumulate till that event and not be bothered by the price movement, IMHO.