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Topic: Bitcoin at USD20,000 - page 3. (Read 572 times)

sr. member
Activity: 434
Merit: 255
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March 04, 2018, 04:27:45 PM
#56
Bitcoin and other major cryptocurrencies are just recovery from a full out media attack an respective bans especially from Asian countries - Asian investors are said to hold at least 20% of the major cryptos. So I think reaching $20,000 in the first quarter (End of March) is too soon. The likelihood of it could be by the end of the 2nd quarter.
You may be right. But what does that change? Will you sell your bitcoins right away? I am sure that nothing will happen. Everyone will keep their coins and wait for the price of 40,000 dollars. And so it will be forever. So I'm not interested in the price of bitcoin. I earn enough for a lifetime of coins at any price. This is what I like bitcoin.
full member
Activity: 406
Merit: 100
March 04, 2018, 04:27:34 PM
#55
"There is no reason why we couldn't see bitcoin pushing $50,000 by December." told Thomas Glucksmann of Gatecoin.
Source: https://www.cnbc.com/2018/02/07/bitcoin-price-could-hit-50000-this-year-experts-say.html
sr. member
Activity: 602
Merit: 265
March 04, 2018, 04:22:07 PM
#54
Bitcoin and other major cryptocurrencies are just recovery from a full out media attack an respective bans especially from Asian countries - Asian investors are said to hold at least 20% of the major cryptos. So I think reaching $20,000 in the first quarter (End of March) is too soon. The likelihood of it could be by the end of the 2nd quarter.
newbie
Activity: 39
Merit: 0
March 04, 2018, 04:16:37 PM
#53
What are the economic and political dynamics that can positively drive bitcoin price  to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?

Well in terms of regulation, I think that if more countries start accepting bitcoin as legal tender, like Japan, Switzerland, and now Germany, it will help adoption, because merchants will have more incentives to use it. Since in terms of development, bitcoin is getting better, all we need are good tax regulations, so that it's adoption increases.

If adoption kicks in, and big names like amazon move into crypto, we will see a huge boom in it's price, like we saw in 2017. There is a chance that these thing take time, and that we will see a hole year of consolidation where nothing happens. Let's not forget the halve in 2020, so that could work as a catalyst as well. Not really worried about that though. We had plenty of periods lie this, where people thought bitcoin was "dying", and then we had the 2017 boost.

Thank you for your articulate post. It informed me quite a bit.
newbie
Activity: 1
Merit: 0
March 04, 2018, 04:09:42 PM
#52
I believe it will top 40000 this year
legendary
Activity: 1596
Merit: 1034
March 04, 2018, 04:04:26 PM
#51
It looks like we have to wait a bit longer to get bitcoin prices to be at $20k because until now bitcoin still difficult to penetrate the price of $ 12k. But, I am still convinced that by the end of this year at least bitcoin can break through to the price of over $15k. Maybe my speculation is a bit excessive but I hope that speculation can come true so we can get the benefits together.
legendary
Activity: 2576
Merit: 1655
March 04, 2018, 03:31:58 PM
#50
What are the economic and political dynamics that can positively drive bitcoin price  to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?

I think its LN (Lightning Network can be implemented within this year, it can greatly impact the price in the positive way and push it to $20K again.Or unless big economic nation suddenly legalized like Japan did.

Currently, the price of bitcoin is stuck at $11K and its really hard to make a push even at $12K. Although eventually it will be shattered, but for me it will took another month to go beyond that price.
hero member
Activity: 891
Merit: 500
March 04, 2018, 02:55:06 PM
#49
Maybe 20,000 is not the limit. The price can go so far away from the current state. It is difficult to predict how the market will behave in the future.
The price is going to have an increase that will look like the thousands were nothing. It's either that or Bitcoin is not being used.
sr. member
Activity: 476
Merit: 250
March 04, 2018, 02:36:41 PM
#48
Here 12k is going to be a big test, if break the resistance the race is on. Literally we have a long way to go before testing that 20k mark again. Meantime get the profit from this trend.
member
Activity: 378
Merit: 10
March 04, 2018, 01:07:16 PM
#47
Bitcoin is not growing for 2 months because many newcomers lost their money invested in BTC last fall. At the time when bitcoin was growing to $20,000, the market was in great demand and millions of new investors joined it. Now, most of them are disappointed and are afraid to invest in BTC.  However, in the case of bitcoin will overcome the price of $13,000-$15,000, a scenario is possible in which the rush will start again and the price of  BTC  will skyrocket.
member
Activity: 252
Merit: 10
March 04, 2018, 11:52:14 AM
#46
What are the economic and political dynamics that can positively drive bitcoin price  to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?

Well, it depends on economy. it is all about investor. though it has high demand while supply is lower than demand. that's law is gonna say btc will increase more but no one can say perfect prediction like $20k.
newbie
Activity: 78
Merit: 0
March 04, 2018, 11:41:26 AM
#45
What are the economic and political dynamics that can positively drive bitcoin price  to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?

I want to say that it will be $20k first quarter of this year. now bitcoin price is increasing. now bitcoin is stable at 11,000$ i think it will be cross 20,000$ in this year 2018.
member
Activity: 392
Merit: 20
March 04, 2018, 11:41:09 AM
#44
Maybe 20,000 is not the limit. The price can go so far away from the current state. It is difficult to predict how the market will behave in the future.
sr. member
Activity: 672
Merit: 250
March 04, 2018, 11:35:11 AM
#43
When the bitcoin reaches $ 20000, it creates a record of value. Then there will be many billionaires appear. Many people invest heavily in bitcoin. The bitcoin market will be very exciting.
newbie
Activity: 38
Merit: 0
March 04, 2018, 11:32:04 AM
#42
I am quite positive that bitcoin will make 20k this year.
full member
Activity: 378
Merit: 103
March 04, 2018, 11:30:16 AM
#41
Last year december bitcoin value reaches $20k not only in a short period of time,However bitcoin price is volatile so maybe for now it drops but still i really believe that by the end of this year bitcoin will still rise and reaches $20k so its better to save bitcoin now and sell it when the value reaches $20k again.

to go to the same coin price as the end of last year, it is not difficult, because it has been bitcoin do, even I have confidence that bitcoin price will be equal to akhit year can be reached this april, and will go up
All hope everyone is here. and indeed very convincing when we look from the past, even higher than $ 20. The most important is we continue to buy in the present for more value than now.
jr. member
Activity: 336
Merit: 3
March 04, 2018, 10:57:01 AM
#40
maybe that bitcoin can get that price again but now it's rerecover first altcoin and token in cmc right now buy bitcoin right now while it's pretty good to climb the good thing is hold first now and bitcoin also reaches its previous price
full member
Activity: 347
Merit: 100
March 04, 2018, 10:54:00 AM
#39
What are the economic and political dynamics that can positively drive bitcoin price  to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?

In my opinion, this may be the removal of BTC's trade prohibitions in some countries, then its price will go up. But when can this happen, I can not say it. I think by the end of 2018 we will see a BTC above 15K.  Smiley
full member
Activity: 406
Merit: 100
March 04, 2018, 10:52:07 AM
#38

Yes we can expect the same price or milestone or previous high it touched and reversed back for major correction.The only thing which can drive btc up is only buying pressure and the volume which is driving the same.Next, if some countries accept the btc even the same drive in the direction of 20k.Also, some positive news with the btc developers can also drive it to that mark.Rest market corrections happen and disappear as well.
member
Activity: 252
Merit: 10
March 04, 2018, 10:48:30 AM
#37
Yes bitcoin reaches a low price that everyone is waiting for. In the meantime, it is not very large, all are bought and sit on standby.
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