Bitcoin up to $20,000 before 2020? - page 2.

buwaytress

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Quote from: Pab on September 29, 2019, 09:59:35 AM

I don't believe in any 2K for bitcoin.Reason is simple .There is cost of mining.Currently cost to mine 1 btc is about 6K .Do you think miners will sell below price.Sure it can be massive manipulations what will cause flash crashes but it will be short lived.We will have some nervous days but rebound will be strong and unexpected .More fud faster and stronger rebound will be

That's a lot of perspective involved.

If I were a miner, and heh, I know I'm not, I'd be selling all the time, but especially stockpiling for massive price swings. I'm almost certain most big miners were wise enough to recognise the tops, and sold most if not all during then.

They're still sell at 1k or 2k, just as they were selling at 3k last year and this, just only enough to get by.

What miners do at sustained low prices is simply shut down.

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I don't think it will happen before 2020, but I am sure it will happen at the end of 2020, after Halving Bitcoin happened. We have experienced 3 years before where a year after Halving Bitcoin happened, the price of Bitcoin will be to the moon. And I believe that can be repeated again at the end of 2020.

I hope so, but the fact that even if we did such profound analysis still there's a high possibility that it won't happen basically because the crypto market is unforeseeable. All I can sure about is that bitcoin will hit again the $20,000 but the date is vague. I had read a lot of speculation together with some analysis but unfortunately, most of them did not come off. It is not bad to have your speculation but don't just trust it since it is really vague to follow with.

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When more such price predictions were taking place around the globe, state backed German Bank have come with the prediction of bitcoin reaching big of $90000 compared with the growth of Gold. This prediction is made upon the stock to flow ratio, which is calculated to be similar to the gold close to the days of May 2020. This means the days around halving, which gives the confirmation that growth will happen for sure.

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Maybe if libra will launch this will spread cryptocurrency awareness on everyone in the whole world, Also, china is tokenizing their national currency is big news for the crypto. But with the current progress, the libra launch got delayed by the regulations. But we have one good news bakkt is live now but the impact is not that much. Well, bitcoin prices are not based on news.

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Quote from: bobsav2121 on September 20, 2019, 09:21:57 AM

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Hardly we have just two more months and now the trend is low compared to last month. Can see a possible move to $15k. But not sure if $20k is possible. Need to check besides the analysis.

Yeah as per the recent price of bitcoin is almost $8k so it is increasing but reaching above 20k will take alot of time we will have to wait for it longer. There are only 2 month left behind and maybe price will hardly cross 10k or 15k dollar but actually no one knows maybe we get a pleasant surprise from market in form of such high price.

if calculated from today, I think we still have three more months, this is still the beginning of the month. but, until now the price of bitcoin has not shown the development of prices that are high enough, even under $ 10000. I might argue that the price of bitcoin cannot reach the price of $ 20,000. yeah, that's quite difficult.

but, it is possible that the price of bitcoin can be in the range of $ 10000- $ 15000. however, I also think that the price of bitcoin could reach $ 20,000 by the end of this year when it sees price developments in the last June-July 2019. however, the current price achievement is beyond my prediction.

barota

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20k won't happen.we will see a prolonged pullback until a latent bull trend starts . pump of today does not mean uptrend , Will have to wait till 2020 or 2021 before they entertain running it up and pulling again

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Quote from: hahahafr on October 01, 2019, 01:10:47 PM

Bitcoin reaching $20k before 2020 is a long blurred shot even though i know how volatile bitcoin is. The market has crushed way hard to rise up that sharply. However, this is quite achievable after the upcoming halving of bitoin rewards. We have seen the price of bitcoin going higher especially after it's halvings. Let's wait patiently and see what happens by the end of 2020 and not before Cheesy

I wouldn't be so sure about this. $20k dollars is just $12k away especially when we look at broader perspective and previous historical performance. After all of previous crashes we saw a pretty significant price recovery and then after recovery phase there was many people literally throwing money at crypto exchanges

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Quote from: kentrolla on October 01, 2019, 09:37:14 AM

The chances are very very low as the recent market clearly seems to be a bear market, I am not saying we are in bear trend but still the situation looks complicated. I don't think there are possibilities to touch 20k by 2020, as a lot of challenges are moving across the crypto market as centralised coin/ new projects are focusing to dominate the market.

No, we still faced the bear market until now and in fact bitcoin price fall so fast recently. All coins go down while btc declined it's value, so it's very important to focus on holding our asset before $20k will be reached. I can't predict the actual price for 2020, but if that's the trend after long bearish market it's always potential is there to withstand.

hahahafr

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Bitcoin reaching $20k before 2020 is a long blurred shot even though i know how volatile bitcoin is. The market has crushed way hard to rise up that sharply. However, this is quite achievable after the upcoming halving of bitoin rewards. We have seen the price of bitcoin going higher especially after it's halvings. Let's wait patiently and see what happens by the end of 2020 and not before Cheesy

ene1980

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Quote from: Pab on September 29, 2019, 09:59:35 AM

I don't believe in any 2K for bitcoin.Reason is simple .There is cost of mining.Currently cost to mine 1 btc is about 6K .Do you think miners will sell below price.Sure it can be massive manipulations what will cause flash crashes but it will be short lived.We will have some nervous days but rebound will be strong and unexpected .More fud faster and stronger rebound will be

The price of bitcoin does not mean that you need to have a price well above break even profit for miners, finance does not work like that and that is the case with bitcoin too, the miners does not control the price of bitcoin to think like that, there was a time when the miners were at loss when the market was well below $500 a few years back, so thinking that the price of bitcoin has any relation with the profit miners get is just bogus.

Quote from: Nnuego on October 01, 2019, 12:37:42 PM

We shouldn't imagine such ''bitcoin hitting $20k before 2020''. We're in Q4 and bitcoin is still struggling around $10k. I would have accepted and believe it easily if that you assumed that bitcoin will hit $15k before the end of the year. Am expecting bitcoin to hit above $20k next year not this year

If there is a big rally it is not that hard to catch these valuations in a short period of time, bitcoin has shown those in the past and it can happen in the future too.

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We shouldn't imagine such ''bitcoin hitting $20k before 2020''. We're in Q4 and bitcoin is still struggling around $10k. I would have accepted and believe it easily if that you assumed that bitcoin will hit $15k before the end of the year. Am expecting bitcoin to hit above $20k next year not this year

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Quote from: bobsav2121 on September 20, 2019, 09:21:57 AM

Great analysis imo! https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/

My key takeaways:

More and more people are using crypto as a way to diversify their investment portfolio
Brexit is a mess and this only helps Bitcoin
The trade war is a mess too and this only helps Bitcoin
Price patterns favor a $20,000 bull-run by the end of the year
There is a massive FOMO sentiment amongst crypto enthusiasts

Thoughts?

Maybe the number of people who buy or do investment in bitcoin will really affect the price to increase but there are only 3 months left before the end of this year 2019 and the price of bitcoin is still around 7000$-8000$ and maybe it will face some challenges before it hit the price of 20000$. I still hoping that before the bitcoin halving next year the price of bitcoin will hit the 20000$ so after the halving it will surpass its all-time high price.

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The chances are very very low as the recent market clearly seems to be a bear market, I am not saying we are in bear trend but still the situation looks complicated. I don't think there are possibilities to touch 20k by 2020, as a lot of challenges are moving across the crypto market as centralised coin/ new projects are focusing to dominate the market.

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Quote from: bobsav2121 on September 20, 2019, 09:46:42 AM

Between Trump's stupid tariffs and Boris Johnson's british crisis, I'm surprised Bitcoin is not up to $100,000 already

Lol, I think bitcoin price will reach $20,000 by the end of the year 2020. People underestimate the bitcoin journey to $20,000 I don't know why but it is not going to be quite easy though, it's still a huge milestone - Bitcoin has a long way to go.

Pab

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I don't believe in any 2K for bitcoin.Reason is simple .There is cost of mining.Currently cost to mine 1 btc is about 6K .Do you think miners will sell below price.Sure it can be massive manipulations what will cause flash crashes but it will be short lived.We will have some nervous days but rebound will be strong and unexpected .More fud faster and stronger rebound will be

Silberman

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Quote from: bobsav2121 on September 20, 2019, 09:21:57 AM

Great analysis imo! https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/

My key takeaways:

More and more people are using crypto as a way to diversify their investment portfolio
Brexit is a mess and this only helps Bitcoin
The trade war is a mess too and this only helps Bitcoin
Price patterns favor a $20,000 bull-run by the end of the year
There is a massive FOMO sentiment amongst crypto enthusiasts

Thoughts?

Most of your points are correct however all of them have to do with fundamental analysis and while fundamental analysis can be a great way to find the general direction that a market may take it doesn't really tell you when that will happen which is what we all want to know, if that was not enough the recent crash in the market that we have experimented doesn't really favour your theory however it is obvious that at some point bitcoin will surpass its previous all time high.

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The trend was too crucial for bitcoin these days, and I believed that this was very serious situation to consider right now. Expecting that expensive price before 2020 is unpredictable, so we shouldn't expect so much. Just wait until what happen for next year, reality will show us the proof for every speculations.

Now again BTC price changed and dropped a bit, I have zero belief that bitcoin will be $20k before 2020, I used to think it is bitcoin and it could literally do whatever it wants whenever it wants but as it looks there is really no reason to believe bitcoin wants to go $20k.

I mean when it wants to it can totally go there, it all depends on public reactions and hype people built around bitcoin and bitcoin being on mainstream media etc etc but from the looks of it that is not gonna happen. It means bitcoin is not going anywhere near $20k and I am not entirely sure it will go above $10k until 2020 neither, maybe it will stay here or maybe it will go down which means its looking awfully dark in the near future for bitcoin. I personally wouldn't buy right now, not for a while at least.

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The trend was too crucial for bitcoin these days, and I believed that this was very serious situation to consider right now. Expecting that expensive price before 2020 is unpredictable, so we shouldn't expect so much. Just wait until what happen for next year, reality will show us the proof for every speculations.

Those presumptions are unrelevant since as stated we cannot predict the actual price for it and we shouldn't expect to much on it since there are lot of things will happen at that time and there are things that needed to consider, and it's best to guess on actual flat rate since it can possibly reach to our expectation and let see what the real score will happen in future.

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Quote from: Vaculin on September 25, 2019, 06:03:01 PM

Quote from: peter0425 on September 25, 2019, 05:48:59 PM

But I am sure once Bitcoin price hit more than 10k$ again you will zip your mouth and gone in forum just like many accounts before who make same strategy as yours

That's pretty doable this year, $20,000 in the past quarter sound hard but its not impossible.
People can spread what they want actually, this is a free market, and we can see more people like him, not because we are in the forum we all have the same prediction, if they believe it will dump to $2,000, that's their own prediction, besides the market is so unpredictable so we cannot control it to happen.

When people spread FUD, it will result to a healthy market, because when they fear, the smart will take over and will buy their dumps, and eventually we don't know we are creating a stronger community that are willing to hold and wait, and that would make bitcoin stronger in the long run.

It's hard to predict $ 20,000 by the end of this year, we all want it to happen but experts say this won't happen, they say we don't panic FUD is being spread and we have to find the right information.

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Quote from: peter0425 on September 25, 2019, 05:48:59 PM

But I am sure once Bitcoin price hit more than 10k$ again you will zip your mouth and gone in forum just like many accounts before who make same strategy as yours

That's pretty doable this year, $20,000 in the past quarter sound hard but its not impossible.
People can spread what they want actually, this is a free market, and we can see more people like him, not because we are in the forum we all have the same prediction, if they believe it will dump to $2,000, that's their own prediction, besides the market is so unpredictable so we cannot control it to happen.

When people spread FUD, it will result to a healthy market, because when they fear, the smart will take over and will buy their dumps, and eventually we don't know we are creating a stronger community that are willing to hold and wait, and that would make bitcoin stronger in the long run.

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