All Time High:: 2020 or 2021 ? - page 3.

Wind_FURY

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Quote from: DeathAngel on May 15, 2020, 04:15:31 AM

We could an ATH in 2020 but I think it’s more likely in 2021, I think it takes a while for the halving to take full effect so we might have to wait a while.

Zoom out. The length of days between the halving day, and a new ATH for Bitcoin is taking longer and longer. So, the the probability for another ATH should happen on 2022 in my opinion.

tabas

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Just think ahead to 2021 onwards. That's what the majority is thinking of but it's all rumors and nothing to be accepted as the exact thing to happen.
We're all speculating and no way to know what will be the exact situation that bitcoin will be in this year or for the next consecutive years to come.

NeuroticFish

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Quote from: amishmanish on May 15, 2020, 04:30:01 AM

There has been no other fundamental change to Bitcoin that warrants a new ATH

Halving should (in theory) sooner or later make the miners sell less Bitcoin on higher prices, because they now work more for much less coins.
Also FOMO rush is fueled by people's expectations (social engineering helps there) and a bit of market manipulation here and there.
Technological advancement would be a big plus, but a new bubble can easily start without that too.

The problem is that the more the people expect/want/push towards a big price increase, the more the chance it'll be just another bubble, which, when it'll pop, will leave even more people with a grudge against Bitcoin.

PS. My vote goes now for 2021 too.

mk4

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Could be this year, or this month, or next year, or in the next 5 years. One thing's for sure in my opinion— it will reach all time highs sometime in the future. It's just that we don't have a magic crystal ball to predict when.

amishmanish

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Who are these people who are waiting for an ATH? What is the reason that there'll be an ATH. The last one was due to unprecedented interest in crypto overall and millions of newbies buying BTC to convert it to ETH to buy ICO tokens and then convert them back to BTC again when things pumped.

There has been no other fundamental change to Bitcoin that warrants a new ATH. Halving historically leads to FOMO but most of the market has factored in that novelty now. Plus, Halving from 50 to 25 or 25 to 12.5 may seem a big deal. 12.5 to 6.25?? not so much. Frankly, i don't expect an ATH till something fundamentally changes in terms of institutions and businesses using bitcoin. Sadly, matters have been quite subdued on that end for a long time. LN has been waiting for adoption and completion for a pretty long time. Things to watch out for:
1. Implementation of Schnorr sig and taproot making multisig much more efficient.
2. LN maturing enough with significant and easy merchant uptake as well as consumer usage.
3. More academic interest in bitcoin specific smart-contracting initiatives like Simplicity, Drivechains or even Rootstock

DeathAngel

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We could an ATH in 2020 but I think it’s more likely in 2021, I think it takes a while for the halving to take full effect so we might have to wait a while.

BitcoinsGreat

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Halving is over but now everyone is waiting to see bitcoin go to All time high again. Many people say that it may touch a lot earlier to its ATH and we may not need to wait for December 2021.
So do you think that bitcoin will touch ATH in 2020 ?

Topic: All Time High:: 2020 or 2021 ? - page 3. (Read 330 times)