Topic: Bitcoin Can Gain 100% In 2020 - Halving Not Priced In, Says Fundstrat - page 5. (Read 687 times)
January 15, 2020, 04:42:07 AM
Don't get too excited because of current bull run, we have whole year ahead of us. Its Iran USA tension which stimulated current bull run and even tension is over, the bull run is still ON. Bitcoin is known for giving huge returns only to those who can buy at right time and HODL. Dont expect good from bitcoin if you start buying now.
January 15, 2020, 03:00:03 AM
Bitcoin price 2020 gain possible very high, because 2 years ago 2017 bitcoin price touch all time high record, so this year possible again brake new high price touch. just hold everyone and see this year .......good luck bitcoin holder
I'm not sure if Bitcoin price will exceed the all time high record, people already know the peak price of bitcoin, most likely they have prepared to sell at peak prices, but what I hope is afterwards, hopefully the price of bitcoin does not drop dramatically after touching the peak price, this will be a stepping stone bitcoin prices will be higher than the recent high record in the next halving.
January 15, 2020, 03:13:32 AM
Now that you think about it, wealthy people are trying to accumulate more to maximize more profits. I think once that significant event, which is the halving, happens, it would be fuel to skyrocket the price again to new highs (hopefully). There is just too much news to determine if this is the real intentions of the news provider and those fake news that circulate to have a fall in price. That's the reality that we have now, a little story about cryptocurrency could determine if it's going to be an uptrend or downtrend.
It could be just coincidences, but once the word gets out, some people are panicking, and they want to liquidate their assets immediately. News is fast btw whether fake or fact.
Now that we are in a positive zone, we may see to continue to an increase in BTC. More bulls!
- Positive News = Price Increase
- Negative News = Price Decrease
It could be just coincidences, but once the word gets out, some people are panicking, and they want to liquidate their assets immediately. News is fast btw whether fake or fact.
Now that we are in a positive zone, we may see to continue to an increase in BTC. More bulls!
January 15, 2020, 02:26:20 AM
Bitcoin price 2020 gain possible very high, because 2 years ago 2017 bitcoin price touch all time high record, so this year possible again brake new high price touch. just hold everyone and see this year .......good luck bitcoin holder
January 15, 2020, 02:11:31 AM
It's not impossible but very very difficult, especially where the audience is international! It's easier for media to manipulate audiences from a country, ethnicity or a religion by such news but for international audiences, it's difficult beyond imagination and costs a fortune!
A conspiracy theorist will belive in such incidents but for a normal people, it's just a no no! If it had really happened, then we must admit the brain behind this plan, but I really doubt that such big conspiracy has been staged just to keep the price down.
It is more realistic to believe that the effect of upcoming halving has started showing in and hence we are seeing a surge in bitcoin price! It indeed has the capability to make the pricing double because the supply is getting decreased by 50%. If demand remains stable, the price has to jump higher. Simple math!
A conspiracy theorist will belive in such incidents but for a normal people, it's just a no no! If it had really happened, then we must admit the brain behind this plan, but I really doubt that such big conspiracy has been staged just to keep the price down.
It is more realistic to believe that the effect of upcoming halving has started showing in and hence we are seeing a surge in bitcoin price! It indeed has the capability to make the pricing double because the supply is getting decreased by 50%. If demand remains stable, the price has to jump higher. Simple math!
January 15, 2020, 12:08:35 AM
Quote
Bitcoin can deliver 100% returns to investors in 2020 and may rise significantly in the five months until May’s block reward halving, a new report claims.
In its forthcoming 2020 Crypto Outlook, market research firm Fundstrat Global Advisors said it believed that the halving was not yet “priced into” the Bitcoin price.
Fundstrat expects over 100% BTC gains
The report is currently only available to the firm’s clients, with key findings uploaded to Twitter by co-founder Tom Lee on Jan 10.
Fundstrat continued:
“In other words, we see strong probability that Bitcoin gains >100% in 2020.”
The factors Lee and others identified focus on geopolitical tensions and the upcoming United States presidential elections, in addition to the halving.
Fundstrat took its cue from events last year, noting BTC/USD hit its high point amid tensions around Facebook’s Libra digital currency and negative comments on Bitcoin by president Donald Trump.
Bull catalyst or “non-event”?
As Cointelegraph reported, geopolitical factors form the basis for other commentators’ bullish Bitcoin price scenarios for this year.
As regards the impact of the halving, however, pundits are less united. Last month, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said May would prove to be a “non-event” for Bitcoin.
Williams appeared to contradict fellow co-founder Anthony Pompliano, who a month previously had claimed that even at $8,750, Bitcoin was yet to have the halving priced in.
https://www.zerohedge.com/crypto/bitcoin-can-gain-100-2020-halving-not-priced-says-fundstrat
In its forthcoming 2020 Crypto Outlook, market research firm Fundstrat Global Advisors said it believed that the halving was not yet “priced into” the Bitcoin price.
Fundstrat expects over 100% BTC gains
The report is currently only available to the firm’s clients, with key findings uploaded to Twitter by co-founder Tom Lee on Jan 10.
Quote
“For 2020, we see several positive convergences that enhance the use case and also the economic model for crypto and Bitcoin — thus, we believe Bitcoin and crypto total return should exceed that of 2019,” an excerpt states.
Fundstrat continued:
“In other words, we see strong probability that Bitcoin gains >100% in 2020.”
The factors Lee and others identified focus on geopolitical tensions and the upcoming United States presidential elections, in addition to the halving.
Fundstrat took its cue from events last year, noting BTC/USD hit its high point amid tensions around Facebook’s Libra digital currency and negative comments on Bitcoin by president Donald Trump.
Bull catalyst or “non-event”?
As Cointelegraph reported, geopolitical factors form the basis for other commentators’ bullish Bitcoin price scenarios for this year.
As regards the impact of the halving, however, pundits are less united. Last month, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said May would prove to be a “non-event” for Bitcoin.
Williams appeared to contradict fellow co-founder Anthony Pompliano, who a month previously had claimed that even at $8,750, Bitcoin was yet to have the halving priced in.
https://www.zerohedge.com/crypto/bitcoin-can-gain-100-2020-halving-not-priced-says-fundstrat
....
There were suspect news stories published in 2019 which may have been specifically designed to depress the value of bitcoin.
We had reports of binance offices in shanghai being raided which later were confirmed as false. Articles published about google achieving quantum supremacy, allowing them to solve problems similar to encryption brute forcing, which somewhat coincided with bitcoin price drops on two separate occasions.
The motive behind suspect crypto news published in 2019 remains undetermined.
It is possible wealthy institutional investors had their media contacts publish news to depress the price of bitcoin. To create a lower buy in point. With the end goal of maximizing profits from bitcoin's 2020 halving.
Now whale media contacts may be publishing bullish news on bitcoin to maximize profits in the opposite direction.
News articles published by the media are by far one of the most underrated sources of market manipulation.
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