Topic: Bitcoin Price Prediction 2020 – What to Expect? (Read 1111 times)

End 2020 prediction of more than USD20k!  Hope I am right!

i would say that halving influence will start to be seen at the beginning of next year, and will probably last long, throughout whole next year and 2022 as well, but i do not expect sharp price increase and do not see those glamorous numbers at the end, think that six figure numbers will not be reached in this halving cycle

although i hope they will be, do not expect it

Well, I don't really see opportunities like 2017 this year either. it's just that, we do not know when the potential arises at this time, because sometimes after halving, prices can be higher than we predicted. however, if there is a potential for high price increases, I think it will happen by the end of this year. Well, that's just speculation that I'm doing right now.

We are now in second leg of 2020 and I don't see any significant big or volatile movement like we see in 2017. I sow big figures be predicted as were we should expect bitcoin to be in 2020 but I did not see that reality.

With the halving taking place this year there is big chance of growth. To the same people predicted for a big value for bitcoin, but the pandemic had interfered. After a long the price has shown slight growth over the past two days. Possibly this can reach around $15000, and new ath can be expected with the next halving. Until then it is good to make profit out of trading.

Well, the price has been stuck at the same place for a very long time, which means that there is really nothing we can predict right now, it was a great period for a while when the price started off strong moved from $7k to $9k then it went to $4k during pandemic days and moved back to 9 even $10k ranges and now it is stuck at $9k and not moving.

Now, when it is going down and up it is great because there is a huge attention towards it, even when it falls down it means some people are selling and some people are buying even though sellers are selling more but it ends up with a lot of people buying in the end to increase the price, but when there is zero movements that means it is difficult to predict. I think the only prediction we could make that 2020 will not end like this, eventually there will be some movements.

Good that you archived it and yet the thread is still copy pasted he should have posted a portion of it and posted the link as to give credit to the original owner of the article , OP has achieved the junior rank without knowing the basic rule of plagiarism, it's a big no no here in Bitcointalk.

I think that this range can only be reached in 2021, and that will be achieved if the price of bitcoin can reach more than $ 15k at the end of this year. Well, so far there hasn't been any movement, but I think by the end of the year the price of bitcoin can reach prices above $ 13k for 1 bitcoin. it will be seen when the price of bitcoin makes it past the $ 10k mark.

You expect too much too soon if we can go from nothing happening in July to 20k within months.    Im just watching to see if it can break its range at all, my take on todays action is to guess a short is viable.   I think its a weak attempt upwards, BTC can always be volatile but I dont presume upwards.

I am expecting bitcoin markets to test at least $15 before end of this year. After watching today's bullish market I guess we can expect even up to $20 within this year in some sense. I guess the end of covid pandemic will script the final target price in 2020 of BTC markets. But, I guess everything will get confirmed in coming weeks as more than 2 countries are already in hurry to bring up vaccine for covid which is actually going to be the trigger for up coming bullish trend.

I guess anything between $15k to $20k will not disappoint most of the people here as that is what possible break even prices for many investors to have bought bitcoins by 2017. So, that price range will make many people to be calm and then getting ready to new ATHs later on.

bitcoin is now a 9k stablecoin now.. but altszn is in and defi is hot.. what projects are you guys looking at?
I am in on Level01.io a decentralised derivatives project.. decentralised options to be exact..
they have a solid partnership with Thomson Reuters
they are the first one to do this and with the strong interest in Defi.. this is a great pick
they are in beta now with android app available for testing with demo 10,000 LVX to play with
practice more because they will have a contest prior to the launch of their full app in Oct/Nov

Sometimes even the large players can't control it, you have to just let them be for a while because at the end of the day if the market is so huge that collectively we become big enough to destroy whales we totally could do that.

This doesn't happen all the time and I agree that whales do have advantage over us since there is no trading regulations on crypto exchanges so you can sell 500 million dollars worth of crypto and nobody could do anything about it whereas if you do that with stocks there is a ton of legal paper work to be done before you can do it or it could be called insider trading and get you in jail (rarely since you can bribe your way out). So, if whales do want to move things around they can but rarely we get bigger together and we just control it together.

^ That is definitely right and I believed in cryptocurrency law which is the demand and supply. As long as there are more people who believed bitcoin, there are chances that the demand will increase once there is a massive adoption. I think years come that will happen most especially at this moment people need contactless payment and bitcoin is appropriate with that. Nevertheless, on the other hand, market manipulation can't hold the line of what they want once there are too many people's beliefs on bitcoin and did not do any panic selling. Moreover, we saw that bitcoin continuously rising up even some of the countries have an economic crisis.

And that is not always the case.

It is true that they can manipulate the market the way they wanted to but that doesn't mean they can do that all of the time. That doesn't mean that they have the control of the whole market, that the price is in their grasp on at their disposal. They are the same as us that want the price of Bitcoin to increase. Right now, the price is stabling at $9K. This is better than a continuously falling market, and if someone wanted to kill Bitcoin and sold all he has, a lot of people would take that as an opportunity to reinvest and the price will just get back to normal.

Have you heard this app Level01.io which has an AI that can predict BTC price movement?

I expect bitcoin to have a huge skyrocketing increase one day, unfortunately for all of us bitcoin is not something that goes up slowly over time, you will not have 5% increases for 30 day straight for example, that will never happen in crypto world for any coin at all.

We will have bitcoin going 50% high in one day, then the next day it will go 70% and break all the highs before and that will be it, it will stay stagnant for months in that price for a long time and then it will drop, it always drops so that's about it. 2020 will be basically a shorter version of 2019 with higher ups and higher lows, from 7-8k levels to 25k levels but then to 15k levels and stay there, sometimes go to 18k sometimes drop to 14k but stay in between those for months.

Prediction with bitcoin on 2020 I think have good price by halving on middle year where give chance for bitcoin raise to higher price, last update more than 100 days later for bitcoin halving and give time for three months later for bitcoin growing up and have higher price again, maybe when bitcoin halving will come soon bitcoin and altcoin back to higher price and make many people get much profit with bitcoin and altcoin.

We are small traders who have to adapt to the market, but large players control it. They do not need to worry, because they direct the trend where they need to. If now he is being pushed down, then this is probably a preparation for the next frantic race. Because everywhere calls and exaggerated expectations are heard

halving will solve prices bitcoin ; month and month the time pass ; halving comming and all traders know what mean for the market and prices bitcoin ; we can expect that prices to reach another high ath next year or 2020 for sure ; the new ath can reach 24000 usd at latest

I do not envy users in short-term trading. The bearish trend remains in force and BTC is not pleasing to the eye. Miners will wait and sell a little, as some lose, others gain. The market is constantly replenishing new players and gradually demand will grow.

People like you are the ones that get the most profits out of the market, I'm tired of seeing newbies asking for ways to become rich in this market in just a few weeks, you are taking the right approach, you are willing to wait and create a strategy that you can follow for five years, that is a sign of a mature person and investor I have no doubt that you are doing fine right now with the increase in the price of bitcoin that we got during this year and I have no doubt that you will do even better in the future.

You copy pasted all of the articles here an excerpt and an article is much better, every time there is a halving coming people of course these so-called experts  are in a hurry to make a prediction, each one of them giving an outrageous amount, of course, the most prominent of these is Mcafee, as a Bitcoin holder myself I also like Bitcoin hype, but not to the point that they are going to hype it very high without any basis why it will go that high, I prefer to be modest and accept the reality, instead of these predictions.

As of now more price predictions were happening with halving as the reference. Apart from this 2020 is something like a unique year which is marked to make a big change over each and every sector. This is why there is added hype for the year 2020 apart from halving. Moreover years back when people talk about adoption of bitcoin, everytime the target point will be mentioned as 2020.

With all this there is more chances for a large scale growth. Some believe the past price pumping a bubble that is initiated by the whales. Some believe this to be very phenomenal growth that happened as a result of massive adoption. Now compared to the community of previous time halving there is much wider adoption. Hope all these things will gets reflected over the price of bitcoin for the upcoming year.

It is very difficult if these Bitcoin predictions can come true, based on the accumulation stage that Bitcoin has achieved, it can be concluded that it will undoubtedly pass from the last ATH. McAfee has said many things, in fact, he said he knows who the real Satoshi Nakamoto is, that it did not cost him much, but that he was not going to divulge it, personally I think it is not true, it is my criteria.

The amount that bases its predictions is actually something spectacular, the bad thing is that it does not give clues as to what the study is doing, it only affirms an amount, the good thing is that it said the year 2020, and taking into account, the possible launches of Some stablecoins, including LIBRA from Facebook, this will undoubtedly cause a stir worldwide if they manage to launch it. From my point of view I see this positive launch for Bitcoin, because it will reach all people worldwide, because they have more affection for a social network than a government or bank, socially Facebook has achieved this.

On the other hand, people will quickly know that they can exchange their Pound currencies for Bitcoin, and that their stablecoin value can be multiplied if they are invested in Bitcoin, and this interest is very good, because there will be a clear growth in the demand for Bitcoin. .

Another important factor is that a movement in favor of Bitcoin and Blockchain is brewing around the world, and many people associate Blockchain with Bitcoin, they will see it with more confidence, the Crypto market will be attractive to new investors.

BAKKT futures are undoubtedly attracting more investors and institutions, more and more records set. The latest bearish movements are obvious that they are intended to buy, and the best way to buy is to make it cheap, I think that for that reason the prices have fallen, but now there is not much offer at low price levels, so you will try Bitcoin price offer at higher levels, it is likely that we can expect the value of Bitcoin to increase as time passes.

The favorable news from China regarding Blockchain and Bitcoin have taken a very good turn to Bitcoin, because the price has increased at some point and it may be that this "Fundamental" has had a lot to do.

I dare not say a number for the next ATH, but it will certainly be very exciting this 2020, what I can say and recommend is Hodl!

Bitcoin should rise with more work being done on the BTC network, and also with more network effect and demand coming into the space. there’s a massive chance that Bitcoin’s price will rise in 2020 because the market is very cyclic and if you are going to look at the Bitcoin’s price charts, you will find out that all price movements were similar to previous years.

The halvening occurs in May 2020, and historically we've seen 200-300 percent price increase starting one year before the halvening, and 2,000-3,000 percent the year after. So if the market will go down, there’s a high chance that it will go up especially if we talk about huge cryptocurrency adoption all across the industry. However, I always plan for the worst and I've created a 5 year investment plan. I'm OK waiting until 2022 if necessary and I will not sell one coin before then.

Your strategy should be as simple as possible, and during this year investing in bitcoin and only in bitcoin has been the most profitable strategy, what it is the point of investing in altcoins if you knew you were going to lose? If at some point I see altcoins performing better than bitcoin then I will add them to my portfolio but by doing that now I will be adding complexity to my portfolio for no reason at all and one of your jobs as a trader is also to make your job easier and faster.

Right now I couldn't see that impact yet, and for those good news happening, I guess the people who've lately become oriented haven't fully understood the full potential of cryptocurrency. Hopefully, those things that will contribute to bitcoin's adoption could have good results as soonest possible time. As those companies or groups of individuals who were part of sustainable growth remained strongly motivated, this will provide the entire community a better momentum to achieve desired goals successfully. Forgetting those negative events like the Ponzi things or scams will always let go and starting a new chapter in our best scapegoat along the way.

Based from the past movements halving really brings good impacts to the whole industry. since 2020 is nearing and we are starting to notice more good news that being published, this might be the beginning of more adoptions coming from big companies and more government to appreciate the usability and potentials of this crypto currency.

Interesting also to see how people will change up their minds and forget about ponzi and bubbles but a real alternative currency that they can use for their daily payment transactions.

I believe that BTC is going to be bullish in 2020. The reason being the next halving is scheduled on the last quarter of 2020. If we go by past trends, halving always bring a wave of green candles. Plus the speculation before the halving will pump the price more too. Price is already hovering over the value of $9k. hence, I expect price to atleast beat the ATH of $20k next year. 2X appreciation is more than expected.

You shouldn't have to be comfortable of settling only in bitcoin, you should have to expand your investment. It's just like business when your previous business was successful, why not add another one in some other areas? This is the same as investing in bitcoin and altcoins but make sure you are investing the right coin.

But that is the thing, the rise of bitcoin took months to materialize there were many opportunities to say, you know what my strategy is not working and I am losing money holding my altcoins so from now on I will hold bitcoin, was such reasoning so difficult to think and analyze? I do not think so, and even now I see people still holding their altcoins stubbornly telling me they will go up in value and it is true, but why wait when bitcoin was right there giving profits to anyone that bought it.

As the price of every other business or project setting influenced by some factors like regulations, technology advancement, partnerships, competitions and news (positive or negative) so is bitcoin too but I don't support the prediction about bitcoin not to exceed 25K price range cause the bitcoin block reward will be reduced and it automatically lead to surge in the price of bitcoin price.

Yes, I agree with your opinion that in the future bitcoin can not only be used as a store of value I think there are still many benefits from other bitcoins. I also agree if you say the factors that influence the price of coins include technological advances, regulations, future partnerships and competition. I'm sure the price of bitcoin in 2020 will definitely be better than this year and for my prediction maybe the price of bitcoin will recover like 2017, I don't think it will be more than 25k.

I think that people need to figure out what made the price sky rocket to $20k back in 2017.... it was the hype around ICOs that people bought into and needed Bitcoin for to buy into the initial distribution stage.

We currently don't have that demand steering up the price, just the chart technicals that improved a lot this year.... if it wasn't for the block halving hyping up people, there wouldn't be anything fundamental to focus on at all.

People should be happy if we end the year around the $10k mark because things could have looked far uglier if we didn't have that massive run from $3k to $14k this year....

See we can only speculate about prices from recent trends or historical data but this is highly volatile market where nothing is certain and we cant say whether we can hit $20k by 2020 or not.Huge influencers also predict based on certain results but they are also not sure about its growth.So we need to stay calm and just wait for the right time to prices to hit our satisfactory level and it can be $20000 or $30000 next year or so further.

It is in the nature of Bitcoin to be unpredictable. Furthermore, their claims aren't strong nor close to being real because it stand no precise evidences. It just made more realistic because the person who claims has been known to a certain degree not everybody could achieved. Besides, I am not totally opposing but let us face the fact that these claims are mere predictions or guts.

Nope, I am not correcting your opinion. Your opinion is, after all, as good as mine. We are all speculators in this space. It so happened that while I respect your prediction, I don't think it corresponds to my own. Well, we will see in the coming months. 

Or perhaps I should reduce mine as well. I might as well copy Binance's Changpeng Zhao in his Bitcoin prediction. I would have Bitcoin at $16,000 within the year. That makes the rest of the increase happening in 2020. 

When i heard about halving, i am not do anything with my current bitcoin now. Only hold and earn bitcoin from signature campaign. I don't have anything left for now only have belief if halving can change life of people who hold bitcoin until that time.

Yes, I understand and because of that I only predict my opinion even though many people predict it in fantastic numbers by 2020, but that is an initial prediaction towards a fantastic price and is only slightly different from the predictions discussed so far and is estimated at around $ 20,000 and around 120 % increase in bitcoin in 2020, and only differ by 20%.

Thank you friend, for correcting my opinion.  

A 100% increase would most likely occur in 2020? That is too late. That is a negative outlook, mate. A 100% increase will only make Bitcoin's price $18,600. Do you think it will take Bitcoin to cross another year before it gets to $18,600? I don't think so. Bitcoin might not be able to break its ATH within 2019 but I guess it will try. And that means it will cross $18,600 within the year.

It seems that such an increase will not be repeated in 2020, and 2017 is the biggest increase when bitcoin first reached around 1,336%.
but if the increase in bitcoin reaches 100% it will most likely occur in 2020, and that is only a prediction that is not necessarily true and but an increase in bitcoin is everyone's hope.

Now, it's clear to me why he doubled the price in exchange of eating his own dick in national television. I don't know why he never doubted the guy if someone said it to him i just wondered maybe there is a mistake on the date. Instead of 2020, maybe that was 2050. Lol Nah, he's probably insane for making such a mistake, what a troll I guess.

Actually your fact is wrong. Bitcoin price in 2017 increased by 1336%.  But 2017 dont really matter when we talk about 2020. 2016 matters. And in 2016 price of Bitcoin increased 124%. So expect for 2020 about that much of increase.

In the past bull runs followed the halvening, but I believe in 2020 it will be different. This year was already breaking the past patterns, with Bitcoin going from $3,500 to $14,000 in just a few months, but then stagnating and dropping over time. So, in 2020 the bull run will likely begin months before the halvening, and will continue for the rest of the year. Bull run doesn't mean that the price will go vertical, there will be corrections and pullbacks, and I don't expect the top of this bull run to be reached in 2020.

I don't see it as something very bullish now. It's indicating that its current channel is closing. You can see that by lower highs and lower lows. We are getting squeezed and after a squeeze like that there's always a breakout. It can be bullish or bearish you can never know that for sure.

The volume on those pushes up is also not very high so don't get your hopes high we may have to wait until next year for a real bullish move.

yes at the beginning of this year the price of bitcoin was gradually recovering so everybody knew that the price of bitcoin will go in bullish run this year and the wise investors were busy in investing in bitcoin, and this has proved in october that the price increased and the bullish run started, so the lucky people has earn profit, while those who were worried and just hold altcoin instead of bitcoin they are now regretting.

If you are not holding bitcoin then what are you holding? By far the best coin to be holding during this year has been bitcoin any other top altcoin has been losing ground to bitcoin, I could understand if there are some people that prefer to hold fiat right now because they think the market will turn bearish at any moment, but holding altcoins seems like a bad option, maybe this will change during the next year, but so far this year the best coin to hold has been bitcoin by far.

Yeah, I am one of the ones that have been involved for years (about 7 now) and I can totally see why people who are as old as me (in crypto world and not in age) would see this as a opportunity instead of a problem. We have bitcoin for cheap once again, people who claim they were too late to get into bitcoin always says "not now" when bitcoin price goes down, when the price is low you get in and when you take out the profit you want you get out.

Warren Buffet cleverly said "be brave when others are afraid and be afraid when others are brave", I sold ALL my coins back in $20k times (sold it at $18k but was still a great profit) and now I am buying as much as I can afford right now because I know when I see a bottom and I know when I see a bubble.

John McAfee makes predictions impossible to achieve. According to him, the proof for this prediction is that a time traveler who never made a mistake told him that.

https://finance.yahoo.com/news/john-mcafee-bitcoin-time-traveler-171016120.html

who believes that? who believes it is possible to see price of 1 million? I do not believe that

Tom Lee is another guy without any credibility, just like the others on this list

So where is your real post?
I mean you just copied and pasted the entire statement on the link?
Why not just put the link and then ask some questions?

That is what I did because if ever you change something then I dodged it already by going directly to the real writer of that long statement.

What to expect? Who knows? All of it will just be prediction which have the lowest accuracy.

Some words of wisdom from zoinky, who was a regular on this board years ago:

maybe the Hype this time is Halving, Baakt has passed and we can see how Bitcoin reacts before Baakt reaches $ 12000 and after BAAKT bitcoin goes down,
this is really a manipulation, and I agree with you

Utilizing hype for your own benefit is really some sort of wise move but i would rather like to see a established pump rather than seeing some short and manipulative high spikes because we can already presume on what would happen next when it goes to the opposite way which is dumping hard.Im not really into believing to those hype or influence from these so-called popular personalities in the market yet they might give out some impact but it wont really be that big.

Actually I don't hold any amount of bitcoins right now and I'm not unto hodl mode since the market is pretty crazy where sudden dumps occur but maybe on end year I will start to accumulate since I think we will go unto bull season since mostly the halving times creates a hyip and bitcoins price goes wild the same on year 2017 and provably it will happen again by next year.

I have been experience the 2000% increase in the price of bitcoin in the year 2017, What do I expect in the year 2020? one of my expectations on this year is the price of bitcoin will totally pump just like what happens in the year 2020. I expect before or after the bitcoin halving the price will increase. Lastly, my biggest expectation in the year 2020 is there will be big movement in the price of bitcoin and might hit some of the predictions of expert traders or investors.

There are a lot of people who still don't understand about that, it is what people's aim when ask fof McAffee's influence. Not resist, hype really can affect on bitcoin price. If people  tempted to get instant profit, they will easily believe what Mcaffee said and start to buy bitcoin.

lol funny to see people talk about 2017 gains, imagine if like some of us, BTC was 150$ when u got in
in 2020 i believe BTC will double again, as it does each 1/2ing
interesting tho, this time, mining equipment isn't in such an arms race, so price might go even higher then last 1/2ing :O

the sad thing is he presents himself as the real deal but in reality he is a joke. He has all the name and fame thanks to his ancient kind of irrelevant security software but in the crypto world i don't think I ever saw him associated with a ground breaking milestone worthy crypto project. Its like he is ready to suck some crypto cock for money. Its pathetic and sad.

And the business people keep hiring him as a 'consultant' thinking him to be some sort of big shot. People should wake up. He's a phony!

We can expect steady growth. Most of the time price will be between $10000 and $20000.  If financial crisis will hit us we will go back under $10000. If not, at end of the year we might go over $20000.

In addition the halving of bitcoin might pump the price in 2020 thus expectation is rife that the price is going to pump come 2020 less than $100K however both McAfee and Tom Lee predictions are pure exaggeration thus very unrealistic If there predictions is not backed up with a solid proof ie price prediction model and chart analysis are perhaps an imagination from my own point of view the price of bitcoin pumps with fundamentals recalls the era of forking of coins like BCH the price always pumps and positive news is also another price pumping factor.

Risk is normal for investments, i support bitcoin because of the technology, and it help us a lot to make transactions online. The next bull run will be big and if happen next year then we must be thankful to bitcoin. $40k is quiet big for me, my only prediction is around $30k before or after the halving.

The best price I can expect probably recover to the last ATH, bitcoin in 2020 judged by its price by the end of this year, if somehow can reach over $10K, then $20K in December 2020 quite reasonable. we have 2 months before end of the year, many people have predicted bitcoin going bullish or bearish, but I believe bitcoin can reach at least $10K.
According to bitcoin price history, it will achieve new ATH one year after the halving, in 2021, we will discuss it later after halving take place.

$1m prediction by McAfee is too much I think he encourages people to invest more or to attract more people to invest in bitcoins. Look at the price at that time it means McAfee is one of the influencers who encourage new people to invest bitcoin that is why the price massively increases until Nov and Dec 2017.

But don't forget block halving is one of the big reason/impact why the BTC price massively increases, influencers like McAfee is just a helper to push the price more.

However, I don't think this coming 2020 we will see the big price jump my own year estimation is 2021 the same what happened the last block halving from 2016 the price of bitcoin start to increase in 2017. So I think it will be the same as this coming block halving.

There is this general sentiment in the cryptocurrency that 2020 can be bringing big good news for the whole industry. Hopefully, this can be true and that we are not just looking at Bitcoin here but also most of the top alts can be benefitting the soon coming "to the moon" spectacle. Now, having sense this setiment myself, we should also realized that the market can be keeping many good and bad surprises for all of us. What if we are just expecting a lot and then we can be disppointed? What will happen to Bitcoin and the rest if the bull run will never happen? I am actually very optimistic of this prospect in 2020 but I am also preparing for the worse, just in case.

Almost all prediction by huge people keep saying that btc will surge in 2020. In my opinion, this is likely true based on historical data, timeline on btc progress and many fundamental related cases that will progress the number 1 crypto. Imagine why big firm such as Facebook, trying to enter without any hesitation? Cause they believe that blockchain is such a great advance and they know that it will be useful in the coming future.

I honestly don't believe most people saying that actually mean what they say. It's just said to go with the herd because it generally isn't appreciated by the herd to say that we're due for a dump or that we won't see x or y level before the end of the year. Just to be part of the herd and score cheap points they just kiss each other's bums.

Bitcoin's true main resistance points in my opinion are its current all time high and the $55,000 level as that would yield Bitcoin a $1 trillion market cap.

$200,000 will happen eventually if there is still enough demand, but when it hits that level, the demand for an asset so scarce as Bitcoin will propel its value well beyond $200,000.

I totally agree, And the upcoming Halving may just worsen the price or double the recent all-time high so $20,000 USD to $40,000 USD if we are all positive and the halving will be successful, and I also like mikeywith prediction, he truly research all the possible thing that can happen with the price of Bitcoin and I have also used it in some of my posts and crediting his speculation and even confirming some points that we could have a drop to $7700 USD this could be a dead cat bounce and may increase the momentum going back to $9900 USD this month, Well anyway I guess some people would just use any content without crediting the source as OP did.

Most traders will  short too  when they saw that the price is ripe for picking.

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I am bullish about Bitcoin but I never imagine that Bitcoin will cross $200k dollar as predicted by many Bitcoin prophet before or after halving next year.  I am more incline to one of the  prediction of one of the member in this forum mikeywith  since he try to predict it using some sytem and math, not like those who just say Bitcoin price will be this great because the audience love to hear it and bring more publicity and popularity to their camp.

Well, there is two things about 2020 that we should be considering when making a prediction.

One is before halving and the other is after halving, I personally think that before halving we will see a huge increase, there will be a lot of people buying bitcoin because they believe miners will not have any coins to sell, however what they are missing out is that miners already started to save up and they have been doing that for years because no miner is a bearish bitcoin hater, they love bitcoin and think it will go up so miners sell what they have to to pay for stuff and then keep as much as possible which means they have a ton, so before halving people will buy a ton of bitcoins and make it go up, but after halving people will realize miners still sell same amount and the price will dump.

but this is 2019 and 2 years after 2017 whats the percentage?while your post is some kind of contradicting i will stay on my own prediction and that is bullish
i expect bitcoin price to atleast take 12-15 hundred $ before year 2019 ends and will break the highest even recorded price in 2017
yeah Halving is one reason and the returning investors these days as the capitalization is really increasing from the start or second quarter until now(though there are some fall also but majority increase)

I just use Google and search this piece and lo and behold it is just another copy-paste job which can be another plagiarism because there is no added reference below the post. Nothing wrong with taking something from another site if a reference is also part of the post. Anyway, I am happy to see that John McAfee is on the top of the list of the many famous and outrageous predictions on Bitcoin.


Now, the year 2020 is coming and I am sure by the end of next year Bitcoin will still not be able to break through the $500,000 the man thought it would be so we might as well be ready for the biggest spectacle ever in the history of cryptocurrency: The John McAfee Live Eat-His-Thing Show. Who would want to watch that on YouTube and be given free tokens courtesy of McAfeedex. Anyone?

However, I have no doubt that come 2020 there can be a big possibility of a bull run but there is no guarantee that it can be able to rival that of 2017, maybe it can just be mild bull run respecting the hypes and FOMO due to the Bitcoin rewards halving.

Not only this, another thread from Rupok365 are Plagiarism
here : https://bitcointalksearch.org/topic/is-bitcoin-trader-scam-or-not-the-verdict-5192098

Report plagiarism (copy/paste) here. Mods: please give temp or permban as needed

LOL at least he used the same title though 😂. Well, I would say if the next bull market is to occur next year, a lot of people are expecting for it to be bigger than the latest ATH. That is why a lot of people are trying to accumulate as much bitcoin as they can. We made it past the recent crash and now the price is smoothly recovering. Never be late for the ride, if you believe in bitcoin and it's long term potential, nothing should be stopping you from accumulating.

A lot of things could happen within this year, I don't expect much from this platform anymore because I am the witness of many ups and downs in recent time, but in terms of prediction the price of Bitcoin, One thing could be a good considerable factor which is Bitcoin's 10th-year anniversary this year, so a market boom could be occurred before ending this year, It will happen then I also don't think so much about the price, If the price will 15k Then I will be delighted, so my prediction is 15K, I am sure most of the people in this platform always remember the year of 2017 when the price was got a milestone and that was a priceless memory for me and I am waiting for another market boom.

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I have again remembered Mcaffees prediction of bitcoin after reading your post. Mcafee is a really funny man he is a comic in the world of cryptocurrency. Its just that his reputation is not good but what I agree with him is that we share the same prediction that bitcoin will hit 500k$ in 2020. But sadly I realized that prediction is just a false hope, very unrealistic. So this time I will be leaving Mcaffee behind and will change my prediction. I do now expect bitcoin to reach 20k$ by the end of the year 2020.

Do you currently hold Bitcoin and are wondering what’s going to happen with its price in the near future, what is the Bitcoin price prediction 2020? Or have you heard about it and would like to know whether it’s a good investment or not over the long term? Well, if your answer is yes to either of these questions then you’ve come to the right place!

Quick fact: Did you know that Bitcoin increased its price by more than 2000% in 2017!?

In this Bitcoin price prediction 2020 guide, I will first give you a quick overview of what Bitcoin actually is, followed by a brief explanation of the things to consider before you invest heavily based on a price prediction guide (just like this one!).

After that, I will then discuss some popular price predictions for the year 2020 and let you know my thoughts on each of them. Finally, I will then discuss some of the upcoming real-world events that could affect its price movement going forward

Project: Bitcoin

Bitcoin was created in 2009 by an anonymous developer called “Satoshi Nakamoto” and was the first and original cryptocurrency. Bitcoin allows people to send and receive funds without a third party intermediary and as such, it is a decentralized payments system.

The network is controlled by no single person or authority, nor is it backed by any central bank. Instead, transactions are verified by a community of “miners” who use their computational power to confirm the movement of “funds”. In return, miners are rewarded with additional Bitcoin for contributing to the network.

The technology that supports Bitcoin is called a blockchain, which is like a giant accounting book. Every single transaction that has ever been processed on the Bitcoin network is available to view on the blockchain. Furthermore, once a transaction has been added, it can never be changed or removed – which makes it extremely transparent.

When sending Bitcoin to another person, a transaction normally takes about 10 minutes. In total, the network can process about 7 transactions per second and fees depend on how many people are using the system.

The Bitcoin project has been an amazing success — when it was first released in 2009, its price was less than 1 cent. 8 years later in 2017, it reached an all-time high of around $20,000! Not only this, but the creation of Bitcoin has encouraged more than 1,600 different cryptocurrencies to enter the market to date.

So, now that you know a little about what Bitcoin actually is, in the next part of my Bitcoin price prediction 2020 guide I will quickly discuss the things that you should consider before acting on somebody else’s price predictions.

Bitcoin Price Prediction 2020

McAfee

The first Bitcoin forecast that I want to discuss with you is by John McAfee, the creator of the popular anti-virus software McAfee. McAfee is well-known in the cryptocurrency industry because he makes lots of insane price predictions on Twitter, however, it has since been revealed that crypto projects pay him more than $100,000 to do so.

Anyway, in 2017, McAfee said that Bitcoin would reach $500,000 in 2020, and if it didn’t, he would eat his private parts live on TV! If you didn’t think this was crazy enough, McAfee then increased his Bitcoin price prediction 2020 to $1 million! To be honest, he seems rather confident to me.

McAfee claims that his prediction is based on his own price prediction model, however, nobody knows what this looks like. If his Bitcoin future price of $1 million comes true in 2020, that would give it a total market capitalization of $15 trillion.

Market capitalization is used to work out the total value of an asset or business. It is calculated by multiplying the current market price against the total amount of coins or shares in circulation. For example, if the current price of a cryptocurrency is $10 and there are in 5 million coins in circulation, then the total market capitalization would be $50 million.

Going back to McAfee’s prediction, Bitcoin would need to increase its value by more than 4,900% from its all-time high of $20,000. Interestingly, the price of Bitcoin increased by more than 2,000% in 2017, so if the current trend continues, who knows what could happen!

Tom Lee

The next Bitcoin price prediction 2020 that I wanted to discuss is by an analyst called Tom Lee. Lee works for the cryptocurrency research organization Fundstrat and he is well-known for discussing the price performance of Bitcoin live on TV. According to Lee’s Bitcoin forecast, the cryptocurrency will break its all-time high in 2017 by reaching $25,000.

Moving forward to 2020, Lee believes that the price of Bitcoin will be valued at $91,000. This particular researcher is highly experienced in chart analysis. This is when you look at historical price movements of a coin and then make a future prediction based on how the coin has moved in the past.

In reality, Bitcoin is probably the only cryptocurrency that you can do chart analysis for. This is because other coins do not have enough trading volume or enough historical data, whereas Bitcoin has a track record of 9 years!

Osato Avan-Nomayo

The next Bitcoin price prediction 2020 I wanted to talk to you about is a really interesting one, performed by the analyst Osato Avan-Nomayo from Bitcoinist. This prediction is based on the fact that in 2020 the Bitcoin mining reward will be halved from 12.5 BTC to 6.25 BTC.

As you will see from the chart below, the Bitcoin mining reward has halved twice in its history. In 2012 it went from 50 BTC to 25 BTC and then in 2016, it went from 25 BTC to 12.5 BTC. The historical price chart shows that when these two events happened, the price of Bitcoin experienced new heights shortly after.

For example, 1 year after the first mining reward reduction, BTC rose to $1,000 for the first time. Then 1 year after the second mining reward reduction, BTC reached record highs of $19,500.

Although Bitcoinist doesn’t actually give a specific Bitcoin future price for 2020, their analysis predicts that its value will reach new all-time highs in 2020, which will be at least $20,000.

Fran Strajnar

The final Bitcoin price prediction 2020 that I wanted to discuss is by the CEO of Brave New Coin, a cryptocurrency research organization. In this Bitcoin forecast, Fran Strajnar believes that its price will reach new highs of $200,000 by the year 2020.

Strajnar argues that adoption rates are increasing all the time, which includes more and more people using the network and an increase in wallets and apps. This is a good argument because as more people buy and use Bitcoin, its price will of course increase.

In fact, in countries such as Japan, there are more than 200,000 stores that you can spend Bitcoin in the real world. So, this also helps increase the price as it gives the cryptocurrency real-world usage.

So, what do you think of the Bitcoin price predictions I have listed above? Do you agree with them, or are you still not convinced? If you’re looking for more of an insight, then the next part of my Bitcoin price prediction 2020 guide is going to look at some events that could affect Bitcoin’s price.

Bitcoin Roadmap

I mentioned earlier that one of the most important things to consider when looking at the Bitcoin future price are real-world events, such as technical advancements and regulations. I have listed some of the things below that could affect its price.

Technical Developments

Although Bitcoin is number one cryptocurrency in terms of market capitalization, reputation and real-world usage, the performance level of its transactions are actually quite poor. In fact, there are many other cryptocurrencies that are faster, cheaper and more scalable.

Firstly, it takes 10 minutes to confirm a transaction on the Bitcoin network. Other coins such as Ethereum can verify transactions in around 16 seconds. Secondly, Bitcoin fees are now much higher than they used to be and now cost dollars rather than cents.

Thirdly, and probably most importantly, Bitcoin can only confirm 7 transactions per second. This is Bitcoin’s level of scalability at present, and it is a big problem. For example, NEO and Ripple are able to confirm thousands of transactions per second, so if Bitcoin is to become a global payments system then it must improve technically.

A company called Lighting Labs (which has received investments from senior individuals from Twitter, PayPal, and Litecoin) are very close to releasing a protocol that will significantly improve the performance of Bitcoin transactions.

Known as the Lighting Network upgrade, it is believed that the protocol could allow the Bitcoin network to increase its maximum transaction limit to millions per second. Furthermore, transactions will also be much faster and cheaper.

If the Lighting Network is successful then it should have a very positive effect on the price of Bitcoin.

Regulation

Even though Bitcoin has been trading for almost 10 years, regulation is still in its very early days. There appears to be a theory that when governments start regulating it, the price of Bitcoin will be negatively affected. However, this couldn’t be any further from the truth… just take a look at Japan!

In 2017, Japan became the first nation in the world to completely regulate Bitcoin in the same way as its financial services industry. In fact, the Japanese government classes Bitcoin in the very same way as its Yen currency.

Since this happened, Japan now has the highest trading volume in the world for Bitcoin. People also use it every day in the real world as there are over 200,000 stores that accept it!

Once other major nations follow the same regulation policy as the Japanese government, it will give Bitcoin far more legitimacy. Not only would this mean that people start to trust Bitcoin more, but it could also allow large financial institutions to start investing. Ultimately, if this is the case, the price of Bitcoin should increase.

Partnerships and Adoption

As mentioned above, there are more than 200,000 stores in Japan that accept Bitcoin. Although there are also stores in other nations such as the USA and UK, the amount of stores is rather small.

As more and more companies start to accept Bitcoin, it will allow people to start using it as an actual currency. On the other hand, if a really popular app decided to start accepting Bitcoin as its main currency, this would also give the coin more value.

Essentially, if Bitcoin can increase its real-world usage, we could see one of the really positive Bitcoin price prediction 2020 come true.

Competition

Although Bitcoin has always been the number one cryptocurrency, it is important to remember that there are more than 1,500 different coins in the market. Although most of these projects have been built on top of other blockchain protocols such as Ethereum, there are also lots of individual blockchains, too.

There is no guarantee of which cryptocurrency will dominate in the future, so you should always research and keep on top of what other projects are doing.

Furthermore, various central banks and governments are considering releasing their own cryptocurrencies too, which could be in direct competition with Bitcoin. For example, the government of Venezuela recently completed an ICO for their own coin – the Petro.

So, now that you know some of the real-world events that could affect its price, in the next part of this Bitcoin price prediction 2020 guide I am going to give you my opinion on whether I think it’s a good investment or not.

Is Bitcoin a Good Investment?

Before I give you my own personal opinion, I wanted to make it clear that I am not giving you financial or investment advice. Just like the predictions I discussed above, nothing is ever guaranteed. You should always make a decision based on your own research, so please consider that.

Anyway, overall I believe that there will be multiple cryptocurrencies that play a major role in the future of transactions. However, I think that Bitcoin will always be the most trusted and stable cryptocurrency of them all.

Interestingly, I don’t actually think that Bitcoin will be used as a medium of exchange, which means that it is used as an everyday currency like U.S. dollars. Instead, I think it will act more as a store of value.

Note: A store of value is where people buy an asset to keep their money safe, just like Gold and Silver, in the hope that it increases its value.

In my opinion, although Bitcoin has been around for 9 years, it is still very early days. If more countries start to regulate it as Japan did, then I think it has a really good chance of increasing its price by 2020.

However, in the very near future, I think the biggest event could be the installation of the Lighting Network upgrade. This should take Bitcoin to another level and could make some of the other blockchain’s irrelevant.

Whether it’s a good investment or not though… well, you need to make that decision on your own through independent research. Timing is everything in the cryptocurrency markets because if you invested in Bitcoin at the beginning of 2017 and sold at the end of the year, you would be in profit by more than 2000%.

However, if you bought Bitcoin in late 2017 and held it up to now, you would be significantly down. If you believe in the ideology of the project, then it is best to hold your Bitcoin long-term, because at the moment the markets are still very volatile.

That’s the end of my Bitcoin price prediction 2020 guide! If you have read it from start to finish, you should now have a really good understanding of what Bitcoin is and what it plans to achieve.

I have discussed some popular price predictions for the year 2020, which range from $91,000 all the way up to $1 million. Do you agree with any of these Bitcoin forecast models or do you see a different story? If so, do you think its price will go higher, or alternatively, lower?

I also discussed some of the future developments that could affect the price of Bitcoin, including an upgrade of its technology, regulations, future partnerships and its competition.

Do you agree with me that over the long-term, Bitcoin could be used more as a store of value, or do you think it will follow the original plan of its creator and be used as a medium of exchange?

Source: https://www.bitdegree.org/tutorials/bitcoin-price-prediction-2020/