2020 will be a material year for crypto. What do you think? - page 5.

Maotezi

member

Activity: 252

Merit: 40

Quote from: malekbaba on December 31, 2019, 09:59:36 AM

Honestly I think BTC will make progress , not only in price progress but also technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.

Well surely bitcoin has gone through some phase and they get more experience, and to put it mildly.
But again, the biggest problem is price volatility, leading to less application around the world, and what matters is that bitcoin is consumer-friendly and hinders bitcoin mining.
It is very important for users to be satisfied when using btc.

bobitza

sr. member

Activity: 560

Merit: 256

Quote from: malekbaba on December 31, 2019, 09:59:36 AM

Honestly I think BTC will make progress , not only in price progress but also technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.

Happy new year 2020! Wish all the best! I agree with your comments. We all have high expectations for Bitcoin in 2020. Bitcoin will rise in price and reach new heights. If bitcoin becomes the official currency and goes into use in daily life, then bitcoin investors are lucky and make a lot of profit from investing in bitcoin.

BeManga

sr. member

Activity: 962

Merit: 269

CryptoDirectories.com

Quote from: alyssa85 on December 31, 2019, 12:07:00 PM

Quote from: coinycoiny on December 31, 2019, 10:07:56 AM

Didn't someone say the same last year?

There was quite a lot of material progress in 2019. Price was around $3500 at the start of the year, it's now about $7,200. So double. One of the best asset performances across the world.

That's pretty good progress. If we end next year doubling again at $14,000, that will be extremely good progress too.

i agree those people who invest in bitcoin at the start of the year already gain some profit and halving will come in May this year
im just also expecting for the price to double before or after the halving

SaShiRaJaVu

hero member

Activity: 1694

Merit: 541

Quote from: malekbaba on December 31, 2019, 09:59:36 AM

Honestly I think BTC will make progress , not only in price progress but also technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding.

I am looking after the technical development and we need a good solution for scaling than the system we have right now, i am not a big fan of lightning network and i do not consider it as a solution for scaling but a side project but i am looking forward for another solutions and i am not expecting something emerging just like that but in the next five years, when it comes to price i am expecting a good year by 2021 after the halving but as a bitcoin fan i want the perfect scaling solution for it to become a global currency.

BigBos

sr. member

Activity: 1974

Merit: 450

in fact, people are still trying to develop bitcoin until now, whether it's for technological or business developments. but, it seems like the development of bitcoin is currently still focused on the payment system and also the acceptance of other countries. a few months ago countries in Europe began to open the door to this technology, I think they will also try to develop this technology and use it to their advantage.

ubercool

hero member

Activity: 1078

Merit: 504

As the supply will become scarse demand will be increased. The cycle is going to turn with all the developments going on technically and will halving people will start buying again.

cryp24x

sr. member

Activity: 1190

Merit: 253

If we will base our answer on the chart, I think it will be a difficult to determine. But everything is possible in Cryptocurrency due to volatility and because of that year 2020 will be a possible year for Crypto. What we must do is to ensure that we are always ready for this event. Predictions are good but being ready is better.

dragonvslinux

legendary

Activity: 1722

Merit: 2213

I feel 2020 will be a year of consolidation and accumulation price wise before continued exponential growth in 2021, as the technical and development side still needs time to catch up to implement improvements, but it doesn't seem that far off either. The hash rate for example is 700% (8x) higher than it was when Bitcoin was at $20K, but I feel the technical side isn't 8x better than the end of 2017, even if it's maybe 3-4x better at best. I feel the tech also has to reflect a $50K-100K Bitcoin value, before price starts to move in that direction.
Once the dev improvements have caught up with the network strength (fundamentals), price will follow suit in my opinion.

Bonenx14

sr. member

Activity: 1033

Merit: 250

Leading Crypto Sports Betting & Casino Platform

Quote from: cotton ball on January 01, 2020, 07:09:33 AM

Waiting for second week on January 2020 with bitcoin keep lower price or will grow up to higher price, we only trust bitcoin can back to higher price because always in four each year bitcoin price give something bigger to investor with bitcoin halving and can make price on the top, maybe need take time when bitcoin and altcoin back with higher price.

bitcoin always gives an increase in price when halving, if the price can then there will be a bitcoin opportunity to pump. and this is really awaited by many people, usually when the pump price will be a lot of new investors coming and hopefully a lot of good this year

cotton ball

sr. member

Activity: 1288

Merit: 253

Waiting for second week on January 2020 with bitcoin keep lower price or will grow up to higher price, we only trust bitcoin can back to higher price because always in four each year bitcoin price give something bigger to investor with bitcoin halving and can make price on the top, maybe need take time when bitcoin and altcoin back with higher price.

chaoscoinz

sr. member

Activity: 1150

Merit: 260

☆Gaget-Pack☆

Quote from: malekbaba on December 31, 2019, 09:59:36 AM

Honestly I think BTC will make progress , not only in price progress but also technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.

I agree, mining is going to become a whole lot more difficult and expensive after the Initial Block halving.
From here on out things begin to seem centralized, a small few who control the majority share of the mining.
This is why I believe Bitcoin is open source, so that resolutions can be made in the form of better consensus algorithms, scalable blockchains, and any other problem Bitcoins original code can't address.

Ailmand

hero member

Activity: 1274

Merit: 519

Coindragon.com 30% Cash Back

It has always been a significant year every year. We always see this kind of post. I think it is best just to see any progress this year and don't put too much hope on the upcoming halving so that we won't be disappointed. This year had already been great since there had been a significant rise on the market price of bitcoin, compared to the price last 2018.

Wintersoldier

sr. member

Activity: 966

Merit: 274

Quote from: Wysi on January 01, 2020, 02:42:53 AM

Yes, the team needs to focus on the technical aspect and latest technologies in order to make it lightning-fast as it takes hours to make a transaction through BTC and when it comes to price we are all aware it will increase some or the other day but we need to make it more adaptable so that BTC can be more widely used.

There are numerous topics concerning on how to efficiently utilize bitcoin transactions in limiting its power consumption needed for each block transaction to be processed. With this regard, many said we need to improve our source of electricity but in fact, it is quite easier and efficient if we improve the technicalities of bitcoin in its internal coding structures. In addition, we could add more updates to better open up opportunities for bitcoin to be widely accepted throughout the entire world.

DreamStage

sr. member

Activity: 625

Merit: 258

I do agree 2020 will make things even spicier for Crypto specially bitcoin.

Loved to hear about splicing and dual funding, first time i hear of such stuff which looks really great so far.
About new technologies, it has always been like that during the course of forward / future time, evolution is the key in these days.

And you are right, considering there will be a halving, prices will get bigger due to the demands required by the miners and buyers.

Wysi

sr. member

Activity: 1638

Merit: 261

Yes, the team needs to focus on the technical aspect and latest technologies in order to make it lightning-fast as it takes hours to make a transaction through BTC and when it comes to price we are all aware it will increase some or the other day but we need to make it more adaptable so that BTC can be more widely used.

karmamiu

sr. member

Activity: 588

Merit: 351

Quote from: The Cryptovator on January 01, 2020, 12:14:12 AM

2019 was positive for bitcoin from both side prices and development. I really don't care about price that some people predicting about it will go million bla bla bla. More important is how bitcoin community expanding worldwide. Bitcoin fully decentralized currency and it's just depend on community. So when community will more stronger then we don't need to worry about prices. It will raise automatically. Also we have seen some development on last year on bitcoin like Lightning network, hope we will see more developments on this current year also. More Merchants adding bitcoin as a payment option and I believe it will increase more in 2020.

When more people could use bitcoin for real uses like buy goods etc then more new users will enter on it. And that's how 2020 would be a wonderful year for bitcoin users. I am expecting more countries will accept bitcoin legally on this year. Let's invite more newbies on bitcoin and build more strong community.

I think that is the exact mindset that should be spread thoroughly. So many predictions and chart readings so far many years ago, and some are accurate while some were not. I believe that what you've said is true and i support the idea of building the community to further spread the idea of what it is being discussed here.

bitcampaign

sr. member

Activity: 1918

Merit: 268

20BET - Premium Casino & Sportsbook

Quote from: malekbaba on December 31, 2019, 09:59:36 AM

Honestly I think BTC will make progress , not only in price progress but also technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.

this progress is what we all hope for here, this development and adoption will continue to be interesting plus halving is imminent, high hashrate and many others may jack up the price of bitcoin slowly and not make people suddenly get heart disease

Quote from: coinycoiny on December 31, 2019, 10:07:56 AM

Didn't someone say the same last year?

but 2019 has a difference in taste with 2020 will not be the same, so try to see in the near future

The Cryptovator

legendary

Activity: 2394

Merit: 2223

Signature space for rent

2019 was positive for bitcoin from both side prices and development. I really don't care about price that some people predicting about it will go million bla bla bla. More important is how bitcoin community expanding worldwide. Bitcoin fully decentralized currency and it's just depend on community. So when community will more stronger then we don't need to worry about prices. It will raise automatically. Also we have seen some development on last year on bitcoin like Lightning network, hope we will see more developments on this current year also. More Merchants adding bitcoin as a payment option and I believe it will increase more in 2020.

When more people could use bitcoin for real uses like buy goods etc then more new users will enter on it. And that's how 2020 would be a wonderful year for bitcoin users. I am expecting more countries will accept bitcoin legally on this year. Let's invite more newbies on bitcoin and build more strong community.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: CryptoBry on December 31, 2019, 11:40:59 PM

Quote from: hendra147 on December 31, 2019, 11:12:10 AM

Quote from: deadthings on December 31, 2019, 11:06:57 AM

Bitcoin still has lots of problems but with problems come big opportunities. Price of bitcoin will go up if we see increase in bitcoin adoption along with increase in speed and reduction in transaction fee. I think these are the areas which need to be addresses before we see bitcoin becoming a mode of payment.

bitcoin not have many issue, the problem is only 1 "regulation" , but if goverment accept bitcoin, people will have new habbits to use cryptopayment across the world, and they are will use bitcoin to payamnet and maybe $USD just a conversion rate

There is a big and high hope that Bitcoin will one day be a global currency people everywhere are using. I don't however believe that regulation (the presence of) is the problem as opposed to lack of it. We need regulation because there are many people who are not going to join cryptocurrency when they feel that their money or investment in cryptocurrency are not protected by existing laws of the land. With regulation comes recognition. It is the lack of good and viable regulation that is the problem. And that is what China is doing now, no regulation no recognition the official policy is banning Bitcoin and cryptocurrency.

I could not imagine how the market will react if the China government will be announcing that they are going to regulate and therefore allow Bitcoin to be openly utilized and traded in China. There would be a big boom with Bitcoin if that can be happening but knowing China this is still a far off dream. Regulation can be opening a wider market for Bitcoin. You see, it is really the lack of regulation that is the problem and not the other way around.

Forget about China and to some extend Russia in the list of countries that are going to regulate bitcoin and utilised it.

As far as technical development, Lightning Network is the much touted advancement, but just like any 'new technology', it may take sometime for crypto enthusiast to adopt it, although it has took off as many of us are experimenting on it. Just imagine instant payments in 2020 thru LN. When we can transact as quick as it can be, without us worrying slow confirmation times.

gweedo

legendary

Activity: 1498

Merit: 1000

Quote from: deadthings on December 31, 2019, 11:06:57 AM

Quote from: malekbaba on December 31, 2019, 09:59:36 AM

Honestly I think BTC will make progress , not only in price progress but also technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.

Bitcoin still has lots of problems but with problems come big opportunities. Price of bitcoin will go up if we see increase in bitcoin adoption along with increase in speed and reduction in transaction fee. I think these are the areas which need to be addresses before we see bitcoin becoming a mode of payment.

The countries that accept bitcoin will not help Bitcoin increase, even this reason is causing the value of BTC to go down. There will be many events related to this market in 2020 and I hope it can impact new investors and make them interested in investing in this market. That is the only way to help this market increase its capitalization and enable Bitcoin to increase in price

Topic: 2020 will be a material year for crypto. What do you think? - page 5. (Read 1432 times)