Bitcoin to hit again 20k USD - page 3.

andrei56

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Quote from: mk4 on January 25, 2018, 08:46:16 AM

Quote

"In five years, if you try to use fiat currency, they will laugh at you."

I personally think this is a very optimistic opinion(or maybe even TOO optimistic), as I personally really don't see fiat to be dead in a very short timespan such as 5 years. Bitcoin's rise to global adoption won't definitely be a smooth one. There's going to have many bumps/hiccups as remember that we're dealing with a currency here; there's definitely going to be interference from banks and governments.

In theory anything could happen but for that to occur the economies of the world will need to go bankrupt and while that is a possibility I'm of the opinion the current scam can go for many decades before people begin to react to the fact they have being deceived their entire lives and that everything they have worked so hard, their investments and their savings will disappear when the music stops.

Zinhin

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Of course the price of Bitcoin will reach $ 20k.It's no surprise.For Bitcoin is all possible.Bitcoin will slowly touch the old state.It's still a few months.

mharz

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Quote from: worle1bm on January 27, 2018, 09:30:03 AM

Quote from: jelbert1351 on January 25, 2018, 08:41:22 AM

Yes it is. probability by 98%
"In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant ? there will be no reason to have the fiat currencies?―Tim Draper, billionaire investor and Bitcoin owner.
And here is one way why hold bitcoin, Its price has surged to about 583,170,000% of its May 2010 value. That?s when Laszlo Hanyecz paid 10,000 Bitcoins for two large pizzas, which were worth about $30. That puts Bitcoin?s 2010 valuation at around $0.003 per coin (about one-third of a penny each). History may repeat itself and the price may continue to surge. So shall we buy more?

See the prices have gone down in past month and it's still fighting to rise inspire of many obstacles and price manipulations but still $20k seems easily breakable by the end of this year.This trend continues as people will say it scam and on the other hand prices gonna rise continuously and break every record.Many experts beleive that boom period is about to come after correction is over and price will surge with great boost as we have seen earlier also and are aware about its power.

Dropping down of bitcoin prices was so fast, it is almost half of the previous value. Yet I still believe that bitcoin touches again their previous value if the China together with the South Korea delete the restrictions of crypto currencies in their country. Because if it is not happen buying and selling of bitcoin or any other crypto currency were not enough to recover the $20K USD value of bitcoin in the previous year.

CrazeCoinz

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Yes it could be hit again and surpass that to a new all time high. Because South Koreans will return in business as there government has now given the green light about bitcoin. These could be a good indicator that the price of bitcoin will surely surpass the $20k all time high to $40K within this year.

worle1bm

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Quote from: jelbert1351 on January 25, 2018, 08:41:22 AM

Yes it is. probability by 98%
"In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant ? there will be no reason to have the fiat currencies?―Tim Draper, billionaire investor and Bitcoin owner.
And here is one way why hold bitcoin, Its price has surged to about 583,170,000% of its May 2010 value. That?s when Laszlo Hanyecz paid 10,000 Bitcoins for two large pizzas, which were worth about $30. That puts Bitcoin?s 2010 valuation at around $0.003 per coin (about one-third of a penny each). History may repeat itself and the price may continue to surge. So shall we buy more?

See the prices have gone down in past month and it's still fighting to rise inspire of many obstacles and price manipulations but still $20k seems easily breakable by the end of this year.This trend continues as people will say it scam and on the other hand prices gonna rise continuously and break every record.Many experts beleive that boom period is about to come after correction is over and price will surge with great boost as we have seen earlier also and are aware about its power.

Gargo

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Quote from: jelbert1351 on January 25, 2018, 08:41:22 AM

Yes it is. probability by 98%
"In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant ? there will be no reason to have the fiat currencies?―Tim Draper, billionaire investor and Bitcoin owner.
And here is one way why hold bitcoin, Its price has surged to about 583,170,000% of its May 2010 value. That?s when Laszlo Hanyecz paid 10,000 Bitcoins for two large pizzas, which were worth about $30. That puts Bitcoin?s 2010 valuation at around $0.003 per coin (about one-third of a penny each). History may repeat itself and the price may continue to surge. So shall we buy more?

I do not think that the fiat currencies will come out of use. This is a very optimistic opinion. If even once this happens it is certainly not soon. History may repeat itself, but the price may not grow quite as fast.

Krillin61

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Quote from: Wexnident on January 26, 2018, 04:54:24 PM

Quote from: jelbert1351 on January 25, 2018, 08:41:22 AM

Yes it is. probability by 98%
"In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant ? there will be no reason to have the fiat currencies?―Tim Draper, billionaire investor and Bitcoin owner.
And here is one way why hold bitcoin, Its price has surged to about 583,170,000% of its May 2010 value. That?s when Laszlo Hanyecz paid 10,000 Bitcoins for two large pizzas, which were worth about $30. That puts Bitcoin?s 2010 valuation at around $0.003 per coin (about one-third of a penny each). History may repeat itself and the price may continue to surge. So shall we buy more?

By now, I would not say that breaking the twenty thousand-dollar mark will be easy to break. Bitcoin's market value is falling and is having a hardtime to cross 10 000 USD at this moment. It will only be possible if and only if the demand will again go skyrocket just like last year which is thought to be caused by the succession of the hardfork

Precisely, as of now there's a lot of speculation spreading, whether negative or postive about the bitcoin's value. For me, bitcoin will touch $20,000 again and even more because, look we are just only at the beginning of this year and perhaps, just like before there will be a big changes at the middle or before the end of this year. Indeed, one of the factors in order to rise up again is to captive more enthusiast business man into this bitcoin because the demand is the key.

Palmerson

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Quote from: Zuilhsa on January 27, 2018, 06:21:46 AM

After the major correction that has occurred in December bitcoin is struggling too much to recover back to its all time highs, somehow it has stabilized around $11000 and if we see the price chart it is showing signs of forward momentum and of course we can believe that it will hit $20k before this year end. Despite of all issues that makes it to come down bitcoin will come up if the scaling issues were to be solved by lightning network.

I don't believe in chain lightning. It does not solve the scaling problem. It seems to me that segwit2x had more chances to make bitcoin easy to use. But we see a stop to this project. Perhaps bitcoin will always remain an asset for the savings. Bitcoin is gradually becoming affordable only for rich people.

Zuilhsa

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After the major correction that has occurred in December bitcoin is struggling too much to recover back to its all time highs, somehow it has stabilized around $11000 and if we see the price chart it is showing signs of forward momentum and of course we can believe that it will hit $20k before this year end. Despite of all issues that makes it to come down bitcoin will come up if the scaling issues were to be solved by lightning network.

dinofelis

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Quote from: jelbert1351 on January 25, 2018, 08:41:22 AM

Yes it is. probability by 98%
"In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant ? there will be no reason to have the fiat currencies?―Tim Draper, billionaire investor and Bitcoin owner.
And here is one way why hold bitcoin, Its price has surged to about 583,170,000% of its May 2010 value. That?s when Laszlo Hanyecz paid 10,000 Bitcoins for two large pizzas, which were worth about $30. That puts Bitcoin?s 2010 valuation at around $0.003 per coin (about one-third of a penny each). History may repeat itself and the price may continue to surge. So shall we buy more?

I hope you understand how contradictory these two statements are. Something that changes by so much over such short time scale, cannot ever be a useful currency. Imagine what that Laszlo must be thinking now ! If he bought a pizza in exchange for a luxury yacht 8 years later ! What a fool !

Eastern Germany was called the Deutsche Democratische Republik, and there was nothing democratic about it. In the same way, bitcoin is called a crypto currency, and there's nothing currency about it. In 2010-2011, bitcoin underwent a deflation of a factor over 40000%, followed by an inflation by about 1000% the next year. In 2012-2013, again a deflation of about 40 000 %, followed by an inflation of 600% the next two years. In 2017, bitcoin underwent an inflation of 2000%, and this year only started, to get a deflation of about 40% in a few weeks time.

If a third-world fiat currency has such fluctuations, people use bananas as a currency.

Rrtt

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Quote from: jelbert1351 on January 25, 2018, 08:41:22 AM

Yes it is. probability by 98%
"In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant ? there will be no reason to have the fiat currencies?―Tim Draper, billionaire investor and Bitcoin owner.
And here is one way why hold bitcoin, Its price has surged to about 583,170,000% of its May 2010 value. That?s when Laszlo Hanyecz paid 10,000 Bitcoins for two large pizzas, which were worth about $30. That puts Bitcoin?s 2010 valuation at around $0.003 per coin (about one-third of a penny each). History may repeat itself and the price may continue to surge. So shall we buy more?

There is study that bitcoin may hit 50k USD at the end of year 2018 but the with the recent hacking of NEM that made the hacker $500 million richer, i don't know if it affects the price of bitcoin.

Slow death

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Quote from: jelbert1351 on January 25, 2018, 08:41:22 AM

"In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant ?

in the last weeks there has been a big fight against bitcoin

Twitter Reacts to Crypto Fear-Mongering at Davos WEF

South Korea Intelligence Creates Task Force to Oversee Local Cryptocurrency Exchanges

Quote from: jelbert1351 on January 25, 2018, 08:41:22 AM

there will be no reason to have the fiat currencies?

there will always be fiat and I think people should not be doing comparison of fiat vs bitcoin

Quote from: jelbert1351 on January 25, 2018, 08:41:22 AM

So shall we buy more?

Of course we will buy more, this is a good investment.

timerland

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Quote from: jelbert1351 on January 25, 2018, 08:41:22 AM

Yes it is. probability by 98%
"In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant ? there will be no reason to have the fiat currencies?―Tim Draper, billionaire investor and Bitcoin owner.
And here is one way why hold bitcoin, Its price has surged to about 583,170,000% of its May 2010 value. That?s when Laszlo Hanyecz paid 10,000 Bitcoins for two large pizzas, which were worth about $30. That puts Bitcoin?s 2010 valuation at around $0.003 per coin (about one-third of a penny each). History may repeat itself and the price may continue to surge. So shall we buy more?

We will definitely not see rises in the hundreds of millions of percent anymore, but I think that the short term target for this year being set at $20k is pretty reasonable. We can safely say that we can within an inch of that target last year and the markets just experienced a huge downturn, but this year I've got my money on bitcoin hitting $20k by May.

There is really no reason to have fiat currency anymore, when bitcoin really goes mainstream. And it hasn't, yet. So when it does you can really expect the prices to soar.

People are so worried about bitcoin crashing right now that many are actually missing the point here. Bitcoin is a revolution and a revolution just simply cannot be valued by price alone. If you look into the long term, you'll find that $10k will be a dirt cheap figure.

ArnoldChippy

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Quote from: hisuka on January 26, 2018, 12:13:38 PM

Quote from: oegarod on January 26, 2018, 11:55:44 AM

Quote from: MUG1WARA on January 26, 2018, 09:29:24 AM

I believe if bitcoin will reach $ 20k again. It's just a matter of time to be able to hit the price and now is the right time to invest and wait for the highest price again.

Same as that happened when the price was to start increasing has been taking place now too. In particular during those days users never expected such a big value will come to reality. Today with expectation people has been speculating as the price seems to grow even when it is fluctuating in a higher margin.

There are many speculation of bitcoin price to happen. The price to hit to $20k so since many speculation to increase this means there are many people that are beleiving in bitcoin. Let's observe the market for a while for now.

Expert are studying the market for a long time, because the bitcoin price is trading in range of 10000$ to 12000$ for a long time. In fact the investors are giving a good support to bitcoin price by holding it in that price and therefore we can expect that the investors will very soon get their confidence back to invest more in bitcoin and give a good move to bitcoin price. Once it will get accelerator then it is expected that bitcoin price will cross 30000$ in a row.

syberwolfen

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Quote from: Bloomie on January 26, 2018, 04:47:58 PM

I don't know if I agree with that quote you provided, however 20k price is a no-brainer. It'll likely go beyond that by end of year (or maybe even in a couple of months). Some are projecting anywhere from 30 to 40 to 50k by end of year. Time will tell, but yes, the probability that it will hit 20k again is huge.

Bitcoin can easily achieve $20,000 mark it will not be a tough thing but the challenge over here will be the stability as bitcoin and other altcoin are so volatile that we cannot predict any dump and pump .

Wexnident

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Quote from: jelbert1351 on January 25, 2018, 08:41:22 AM

Yes it is. probability by 98%
"In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant ? there will be no reason to have the fiat currencies?―Tim Draper, billionaire investor and Bitcoin owner.
And here is one way why hold bitcoin, Its price has surged to about 583,170,000% of its May 2010 value. That?s when Laszlo Hanyecz paid 10,000 Bitcoins for two large pizzas, which were worth about $30. That puts Bitcoin?s 2010 valuation at around $0.003 per coin (about one-third of a penny each). History may repeat itself and the price may continue to surge. So shall we buy more?

By now, I would not say that breaking the twenty thousand-dollar mark will be easy to break. Bitcoin's market value is falling and is having a hardtime to cross 10 000 USD at this moment. It will only be possible if and only if the demand will again go skyrocket just like last year which is thought to be caused by the succession of the hardfork

Bloomie

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I don't know if I agree with that quote you provided, however 20k price is a no-brainer. It'll likely go beyond that by end of year (or maybe even in a couple of months). Some are projecting anywhere from 30 to 40 to 50k by end of year. Time will tell, but yes, the probability that it will hit 20k again is huge.

maxamus

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Quote from: hisuka on January 26, 2018, 12:13:38 PM

Quote from: oegarod on January 26, 2018, 11:55:44 AM

Quote from: MUG1WARA on January 26, 2018, 09:29:24 AM

I believe if bitcoin will reach $ 20k again. It's just a matter of time to be able to hit the price and now is the right time to invest and wait for the highest price again.

Same as that happened when the price was to start increasing has been taking place now too. In particular during those days users never expected such a big value will come to reality. Today with expectation people has been speculating as the price seems to grow even when it is fluctuating in a higher margin.

There are many speculation of bitcoin price to happen. The price to hit to $20k so since many speculation to increase this means there are many people that are beleiving in bitcoin. Let's observe the market for a while for now.

Yes these kind of speculations are so common nowadays as people start speculating some random numbers once bitcoin starts pumping up and those are the same people who creates panic once there is a drop in the value but yes people still believe that bitcoin will pump.

Reatim

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Quote from: hisuka on January 26, 2018, 12:13:38 PM

Quote from: oegarod on January 26, 2018, 11:55:44 AM

Quote from: MUG1WARA on January 26, 2018, 09:29:24 AM

I believe if bitcoin will reach $ 20k again. It's just a matter of time to be able to hit the price and now is the right time to invest and wait for the highest price again.

Same as that happened when the price was to start increasing has been taking place now too. In particular during those days users never expected such a big value will come to reality. Today with expectation people has been speculating as the price seems to grow even when it is fluctuating in a higher margin.

There are many speculation of bitcoin price to happen. The price to hit to $20k so since many speculation to increase this means there are many people that are beleiving in bitcoin. Let's observe the market for a while for now.

$20K is the new mental barrier for all of us. We have been waiting that this price could have been surpassed already, specially that we almost touch it in December. But sadly, the market turns bearish and we move further away from reaching our goal.

If there is a positive news like Lightning Network, then certainly we are going to test if we can hit it again. Lightning Network will solved all the scaling problems that has been hounding us for many years. And this is one reason why many investors just stay at the background waiting. If bitcoin transaction becomes so quick and with cheap tx fees, I'm sure that we can surpassed 20K.

hisuka

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Quote from: oegarod on January 26, 2018, 11:55:44 AM

Quote from: MUG1WARA on January 26, 2018, 09:29:24 AM

I believe if bitcoin will reach $ 20k again. It's just a matter of time to be able to hit the price and now is the right time to invest and wait for the highest price again.

Same as that happened when the price was to start increasing has been taking place now too. In particular during those days users never expected such a big value will come to reality. Today with expectation people has been speculating as the price seems to grow even when it is fluctuating in a higher margin.

There are many speculation of bitcoin price to happen. The price to hit to $20k so since many speculation to increase this means there are many people that are beleiving in bitcoin. Let's observe the market for a while for now.

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