Topic: Bitcoin at 20 000$ tomorrow? - page 3. (Read 2590 times)

Yes I feel there will be a surprise for us in the month of December but this year the market situation is different than what it was last year. But still let's hope for the best.

in my opinion i think bitcoin price could reach $20,000 by december 2018. old market cycle end next few months and new cycle start soon.

What are you talking about? Bitcoin $20000 tomorrow. I think you are dreaming and when you wake up the facts will be different and you will be surprise what the dream was that. If your dream comes true I will sell everything for buying bitcoin today, but be realistic my friend and don’t arrow in the air.it will never happen, no more pumps in the price.

Its not troll topic. Its math speculation and opening to bigger discussion.

Now let me explain this nonsense from topic:

Currently we have 17 mil bitcoins according to statistics 4-6mil are already lost(forgotten pasword, burned during wrong transfers etc). That gives us 11 mil of bitcoins. Few mils are stuck on wallets where they have to be (for example mt gox wallet), on longtime hodlers etc. Lets say that we have 8 mil of bitcoins that can be possibly dump.

Now imagine that 1 whale came to the market tommorow and set buy order on 20k with 2 mil coins (500k to eat walls and 1500k to show that you are not the gay that others want to mess with ) - 40 bil offer.  Is it possible? - Warren Buffet has 80 bil $. Most of them are locked in investition but its only example
How many of those 8 mil would be dumped in this situation? How many fomo investors will jump in? I think that those 1.5 mil coins wont be eaten (many investors seeing that big wall wont sell). Some of traders will move their offers obove that huge wall to be able to trade at all. What if he would do this pump after first good news (redtube supports bitcoin   ). Society will make dozens of video and posts on forums that this caused bitcoin to moon.

Why would he do that?
Imagine he already have 1 mil coin bough from 5-5000$ (this makes 7 mil not 8 possible to dump). Selling them now will caus huge dump. After this huge pump he would be able to dump everything on higher prices.

Shittalk and noone would do that?
This scenario happend in smaller scale 12 april 2018 when we had pump from 6900 to 8000 in 30 min. Someone just came to the market and said :"From today we trade at levels 8k+. If anyone disagree you are out of trading for next months". Some of traders and holders disagree and tries to dump their coins on him (thats why second candle after this pump was short with high volume).

Im not talking that this will happen tommorow. I post this math speculation to show you guys that in trading world nothing is ceraint. Even best analysis wont predict you from whales that can change market dramatically.
Good aspect of this is that its imposible to do that in south direction. Because if someone would use his few mil bitcoins to dump to 1$ there will be whales who would buy his few mil cos for few mil $ and stop this.

We have supports, resistances, trendlines, RSI but they have money. We should start to think like a whale. Thinking where he is trying to trick us. Where he is prepering for big moves etc. Alwais after any analysis try to think beafore transaction "isnt it a whale who is trying to push me into this trade by showing buy oportunity?"

in my opinion i think bitcoin price could reach $20,000 by december 2018. old market cycle end next few months and new cycle start soon.

If I find it too difficult to happen such a value. But it is not impossible to achieve such a price. The Cryptocurrancy market is constantly changing. No one can give you a prize price anymore. By the end of this year, the value of Bitcoin reaches the highest position. But did not last for a longer time. This creates a short impact on the market, but then everything returns to normal.

but it is possible for bitcoin price to go to that price because, in the cryptocurrency, we don't know what will happen in the next hours. sometimes the price is up and in the other time, the price is down. I hope that the price is not down too far and reach $5k and only increase and back to the highest price. at least, the price can stay at the $10k and stable in that level of the price. and if this is happening, then I think the altcoin will adjust their price too and we can make a good selling the coins and we can make a good profit.

Yes, it's like really hard to makes the bitcoin price back to 5digit again. Everytime the bitcoin price start increase, something bad happened, like right now, bancor exchange hacked today and it makes the crypto market goes red again.

No way, which is why I laugh a lot at those who just feel they will wake up one morning and see bitcoin set at $20k. That is not done anywhere as no market works that way and most especially an established market with a huge volume. Just very few investors who are inexperienced from the start will be hurt by the downward movement of bitcoin as it is, as most smart ones will be taking the advantage of buying the dips anyway.

That might happen only in months not tomorrow itself. Bitcoin may hit $100k levels too in coming months but we need to bear what is happening right now with this market and cannot dream about those high levels to happen tomorrow itself.

In theory, it's totally possible but in practice, I think you're just dreaming. And IF it happens to be sure there are some people and media who will jump on to say it is confirmed there is a market manipulation with all kind of conspiracy theories.
The recent days are showing us all the weak hands who panic and sell their coins.

It will take long time to reach to $20k again not tomorrow. Now the price is on the track and there is no big pump and dump in the price. Now it is normal and the previous big pump had been corrected. I think if the price increases by this ratio it will take 2 to 3 years to reach to $20k. we should be optimistic about the bright and good future of bitcoin.

It seems that the BTC is returning its positions, but we should not place great hopes on it. It is possible to kill everything, even bitcoin. Fortunately, it has already experienced many unpleasant moments and became very reliable. Probably, the next test bitcoin will have to go through during the next financial crisis. In the meantime, no need to worry much.

This is a very optimistic view of things, but most likely we will not see such figures for a long time. Maybe in a year and a half. Or even in two years we will be able to watch again how bitcoin crosses the level of 20,000.