Bitcoin prediction by 2021 - page 3.

Febo

legendary

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Quote from: escrowmycoins on September 05, 2020, 05:37:44 PM

Do you think that bitcoin will reach 50K by 2021?

By start of 2021 or by end of 2021?
If your question is by start of 2021, there is tiny chance for that. Yes there will be covid vaccine before end of this year, but they will still finalise testings so no one will get vaccinated out of Russia and China. That is simply not enough optimism to push Bitcoin price over old ATH.
If your question is by end of 2021, then there is much bigger chance for $50k Bitcoin. There could still be some huge economic crash that would prevent it.

tbterryboy

sr. member

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I am not sure if it can reach 50k, that is a big number to reach but I am certain that in 2021 it will go up a lot. For example the number in my mind was breaking the ATH and be around 20k and max at 25k, those are very healthy and realistic numbers and I feel like that could happen. Obviously it is not something I can guarantee, maybe it won't happen, maybe it will spend the whole of 2021 under 10k, who knows?

But, my gut feeling tells me that everything that is needed for bitcoin to be over 20k and closer to 25k and even maybe 30k is actually there. 50K however is a bit more than what I imagine it could be, not saying it will be there but all I am saying is it is way too much to make it work, we would need ton of money coming in to take it there but not only that we would need a ton of money to keep it there as well.

sunsilk

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Quote from: escrowmycoins on September 05, 2020, 05:37:44 PM

Do you think that bitcoin will reach 50K by 2021? I find it similar to 2016 where we had ICO's, now we just had DeFi *scam*
A friend of mine told me that bitcoin will get low these upcoming months, what do you think? given the recent Bart pattern i see a lot of manipulation and it isn't a good sign really...

Why does your friend thinks that it will go low for the next months to come? you saw the Bart pattern and that's a known meme. Grin

It's not actually that pattern but what do you really think the charts say?

And you should get the analysis of your friend why we're going to go through low for the upcoming months. Bitcoin reaching $50k by next year? yes or no or somewhere between or higher.

Lucius

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The year after halving in the first 2 cases resulted in a very significant price increase, and if we only took that as the main factor then x5 would not come into question at all. But as we can see in the recent past, and a few days ago - Bitcoin is reacting to a stock market that has experienced a sizeable decline in which some companies have lost tens of billions of dollars in just one day.

If we take this market as a measure, then we can take into account the assumption that the price of Bitcoin will go up only if other markets also operate positively. The only question is how the world economy will react, given that most large countries have recorded the largest decline in GDP since the end of WWII, and the second wave has not even begun.

Of course, any crypto enthusiast would like Bitcoin to become a safe haven and can be considered digital gold, but such progress is time-consuming and questionable. This is always a problem for those who, like OPs, want to invest in the short term - but I personally think there is a very good chance that prices will rise next year.

palle11

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Quote from: escrowmycoins on September 05, 2020, 05:37:44 PM

A friend of mine told me that bitcoin will get low these upcoming months, what do you think?

I also have spotted a drop in price in a weekly chart. Therefore, price has broken a major spot at $10,000, I expect that it will drop to $8,134 maybe during this week ending.

snipie

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Quote from: escrowmycoins on September 05, 2020, 05:37:44 PM

-snip-

I always look to the bitcoin price in November and December to estimate how good bitcoin can do it the first months of the next year. For now, I think $15k is reasonable but if that price was reached by the end of the year then $20k shouldn't be hard to achieve in 2021 imo.

mr.smith

jr. member

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Quote from: escrowmycoins on September 05, 2020, 05:37:44 PM

Do you think that bitcoin will reach 50K by 2021? I find it similar to 2016 where we had ICO's, now we just had DeFi *scam*
A friend of mine told me that bitcoin will get low these upcoming months, what do you think? given the recent Bart pattern i see a lot of manipulation and it isn't a good sign really...

To predict the specific price of Bitcoin at $50000 at a specific year I don't think is realistic, the price of Bitcoin is highly volatile we just had a huge dump and we are going to experience this over and over again for the price to reach that level there should be a continuous flow of great news and adoption, because of the recent dump I have a hard time to believe that Bitcoin will reach that price at a very short period of time.

Yaunfitda

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Quote from: escrowmycoins on September 05, 2020, 05:37:44 PM

Do you think that bitcoin will reach 50K by 2021? I find it similar to 2016 where we had ICO's, now we just had DeFi *scam*

It could even exceed $50k or 2021 or $5k. Meaning no one can really forsee the future as we don't have the crystal ball.

Quote from: escrowmycoins on September 05, 2020, 05:37:44 PM

A friend of mine told me that bitcoin will get low these upcoming months, what do you think? given the recent Bart pattern i see a lot of manipulation and it isn't a good sign really...

When it did decline in the last 3 days or so, yes, there is a bart pattern, but then again, this kind of pattern are like touch and go, so it will be a continuous up and down. As far as manipulation, this is open market, we can't do anything about it, either you go with the flow, hold or buy during this dip.

CODE200

sr. member

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Correction occured in a sudden blink of an eye. Simply proves that whenever there is an increase on its market price, there's no guarantee that it will be continuous. Many people made predictions when the price broke the $12k resistance, such that its price will be able to reach "$100k" and the likes. Same thing happened in the market value of the alts. Selling at this point is not advisable, it won't save you from the loss. The best thing is to hold but expect that an uprise movement could be not possible for this year, patience therefore is a must.

Even next year, we have no idea what could happen and if there will be something that would trigger an uprise movement. Reaching its ATH I think, can either be possible or impossible even for the next year since the market price is unpredictable, that's the bottomline.

mk4

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Quote from: escrowmycoins on September 05, 2020, 05:37:44 PM

Do you think that bitcoin will reach 50K by 2021?

Really possible, but also remember that bitcoin going lower than $5000 is possible as well.

Quote from: escrowmycoins on September 05, 2020, 05:37:44 PM

A friend of mine told me that bitcoin will get low these upcoming months, what do you think? given the recent Bart pattern i see a lot of manipulation and it isn't a good sign really...

Is your friend a fortune teller? Because I'm pretty sure that no one can predict how the price will move.

Saisher

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Quote from: escrowmycoins on September 05, 2020, 05:37:44 PM

Do you think that bitcoin will reach 50K by 2021? I find it similar to 2016 where we had ICO's, now we just had DeFi *scam*
A friend of mine told me that bitcoin will get low these upcoming months, what do you think? given the recent Bart pattern i see a lot of manipulation and it isn't a good sign really...

The recent dump last week is very unpredictable we are all caught unaware of the dump, we don't know what's going to happen next month or before the end of the year but more so next year, there are many predictions but if you are a long term holders with a belief that Cryptocurrency is the future with good profit then you will not entertain these predictions, but if we based it on history Bitcoin should be better by 2021.

Oasisman

hero member

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There are similar prediction thread, this might help you find a good read with different comments.
https://bitcointalksearch.org/topic/bitcoin-100k-in-2021-2077970
https://bitcointalksearch.org/topic/how-much-is-the-potential-value-of-bitcoin-by-the-year-2021-2071121

Some bullish predictions isn't only speculating a $50k, but a $100k in 2021. And, DeFi in indeed making so much hype today like the ICO days in 2017.
What kind of manipulations do you see btw?
Whales selling their cryptos? Or the miners?
I can also see institutional investors coming in to the crypto market.

superving

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Quote from: escrowmycoins on September 05, 2020, 05:37:44 PM

Do you think that bitcoin will reach 50K by 2021? I find it similar to 2016 where we had ICO's, now we just had DeFi *scam*
A friend of mine told me that bitcoin will get low these upcoming months, what do you think? given the recent Bart pattern i see a lot of manipulation and it isn't a good sign really...

No one can predict the exact price of bitcoin by 2021, bitcoin is currently experiencing dump, we dont know bitcoin could bounce back by next week, so the market is unpredictable.

escrowmycoins

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Trusted and reliable escrow service for your trade

Do you think that bitcoin will reach 50K by 2021? I find it similar to 2016 where we had ICO's, now we just had DeFi *scam*
A friend of mine told me that bitcoin will get low these upcoming months, what do you think? given the recent Bart pattern i see a lot of manipulation and it isn't a good sign really...

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