$20,000 by the end of this year? well we are half way there. Those key points you have OP are same opinion as everyone here who believe that the market is likely to rise due to those factors.
I'm optimistic about price predictions as long as it is realistic. We've been at the bottom from this year up by more than times 3 and went down a little to $10,000 as it looks stable there. So it might happen but it also can't.
Topic: Bitcoin up to $20,000 before 2020? - page 4. (Read 644 times)
I doubt it will hit $20,000. We might see a bull-run up to 15K, but doubling the price of BTC is too much I think
And I think that we can easily reach the level of $ 20,000. Since in 2020 there will be a bitcoin halving.
If everybody is expecting for a halving, it does not mean that this halving will affect the price of Bitcoin. The event is planned for spring 2020, and before, many other events can happen. We cannot make now these predictions about Bitcoin for 20 thousand or more. Evidently, it will reach this amount, but the time, when it can happen is unknown even to the best cryptocurrency experts.
That would not be my bet. It's possible though. We aren't in such a strong wave right now and Bitcoin looks like it needs some quiet time after going from 5k to almost 14k.
We might see a dump back to 6k before we enter another stronger bull run that will get us near 20k again. This is how I see it, but it's not how iht has to happen. It's still a good idea to invest this year.
We might see a dump back to 6k before we enter another stronger bull run that will get us near 20k again. This is how I see it, but it's not how iht has to happen. It's still a good idea to invest this year.
BTC is in a league of its own.We need to wait for latest market news. I think global crisis can be a key factor for BTC to reach this target of $20,000 before 2020.
A global crisis is not good for all of us even if bitcoin goes high after that, not all people know how to use bitcoin and if there’s a global crisis the price of the basic commodities will become more expensive. Bitcoin will rise in time and we don’t need any crisis for that to happen. I set my time until next year, for sure bitcoin will make a new ATH next year. 
Great analysis imo! https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/
My key takeaways:
Thoughts?
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?
Ok so we are three months to go before the end of the year and so far Bitcoin is still trading at $10k level just the other day it went down to $9900, we all wants and hoping that we get past the $10k level, we're having a bad months the price has been stuck here for quite some time.
What I'm saying is, if we are to go to the $20,000, next month will be a good indication, so let's see everybody's hoping
BTC is in a league of its own.We need to wait for latest market news. I think global crisis can be a key factor for BTC to reach this target of $20,000 before 2020.
My key takeaways:
- More and more people are using crypto as a way to diversify their investment portfolio
In Dec 2017 comparatively less people knew Crypto but still the price hit ~$20000. So, more people knowing is one factor that effects gradually not instantly. And the days left for 2020 is less to educate that huge crowd(that can actually effect the price) to get into crypto.
I think it is more because of Halving rather then the list you have mentioned.
FOMO worked very well in 2017. There is no guarantee that this will happen again. But if it happens, as you said, FOMO will raise the price much higher.
Yes, I do agree with you. What I meant was, that currently the price is ~$10000 doubling it within end of the year that to with the factor of more people knowing it is not that logical.
Hope you got me right.
Bitcoin has all it takes to hit $20k before year-end. More and more persons have realized they have been lied to by the big banks and government, hence they will see bitcoin as a better investment option than traditional fixed deposit that would get wiped off by economic inflation, coupled with coming economic crises.
I don't disagree at all. But I rather think it's equally as probable and just as much backing to also reach a price in the opposite direction. Furthermore, it's already been at $3k this year and last, it's hardly a stretch to make it back there and then make new lows from there.
I'm hoping it won't happen (or if it does, just so that guys like me get our fill!) but hope has a funny way of being irrelevant in the game of price!
My key takeaways:
- More and more people are using crypto as a way to diversify their investment portfolio
In Dec 2017 comparatively less people knew Crypto but still the price hit ~$20000. So, more people knowing is one factor that effects gradually not instantly. And the days left for 2020 is less to educate that huge crowd(that can actually effect the price) to get into crypto.
I think it is more because of Halving rather then the list you have mentioned.
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FOMO has always there already and it is on its peak last 2017 when it pushed the price of Bitcoin to $20,000 and the chances of it to happen again is increasing. It happened months ago when Bitcoin went to $14,000. I know many got FOMO'ed at that time and some of them are in a loss right now 
.
Well, anything that is based on the charts is considered a speculation but the chances of it to happen can be increased thru charts. Bitcoin to go up to $20,000 can happen before 2020 but maybe not. I think it is a 60-40 chance that it will happen.
.Well, anything that is based on the charts is considered a speculation but the chances of it to happen can be increased thru charts. Bitcoin to go up to $20,000 can happen before 2020 but maybe not. I think it is a 60-40 chance that it will happen
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Bitcoin has all it takes to hit $20k before year-end. More and more persons have realized they have been lied to by the big banks and government, hence they will see bitcoin as a better investment option than traditional fixed deposit that would get wiped off by economic inflation, coupled with coming economic crises.
Great analysis imo! https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/
My key takeaways:
Thoughts?
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?
Brexit and US-China trade war has been brewing for years, but we haven't seen any positive news on the price of bitcoin. So I'm not buying that because we have looming financial crisis in the corner, it will equate to the price pushing to $20k levels at the end of the year.
FOMO is already inside, specially when we hit the $10k. If there's FOMO, then we need something very positive to come in the market, so far we only have the Bakkt news, less than a week from now but still we haven't seen the FOMO as others have been expecting.
I think the main cause of a $20,000 bull run would be the collapse of the Indian rupee
The collapse of INR won't make as huge difference as the collapse USD would. I usually don't do this but I just thought of doing it anyway. 
Hopefully..and for sure i am the one who really still believe that bitcoin will have a chance to increase the low value price of bitcoin now. Coz for now only prediction's are the one who's still running in the market. So hopefully bitcoin up's and hit the 20$k before a year end.
There is a big possibility that bitcoin reaches $20,000 this year. Maybe 40% chance. The Persian Gulf is another issue that could help investors resort into bitcoin where no government controls.
It is possible for that to happen since bitcoin's price is very unpredictable because of its volatility. We may not know when it is going to happen, but for sure history will repeat itself and bitcoin would make another All Time High price, for those who are holding their coins, expect that your patient on waiting for the right time to sell would be worth it. Others predicted that bitcoin's price would soar up even more than $20,000 as the year 2020 passed by, I don't know if that is true but there is only one way to find out.
I'm just working my ass right now so that I could save bitcoin and other altcoins as much as I can for the bull market, the more I save, the more I earn big profits.
I'm just working my ass right now so that I could save bitcoin and other altcoins as much as I can for the bull market, the more I save, the more I earn big profits.
Although I doubt to see the price will hit $20k this year, it could be possible as what we saw in 2017. Who knows, bitcoin price can increase step by step from the lower price to the high price because we don't have any sign about when the bull run will come. All we can do is wait for more, and if the price can increase and hit that price, I am sure that we will make the biggest profit like before.
We still have much time to see bitcoin will increase to the highest price, and if we analyze the price for a long time, the tendency of the price is increase but we don't know when it happens. Maybe the only things that we can do are prepare for the coming, so we don't miss the chance to make a profit. One thing that we should remember, the bull run can happen any time.
We still have much time to see bitcoin will increase to the highest price, and if we analyze the price for a long time, the tendency of the price is increase but we don't know when it happens. Maybe the only things that we can do are prepare for the coming, so we don't miss the chance to make a profit. One thing that we should remember, the bull run can happen any time.
Great analysis imo! https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/
My key takeaways:
Thoughts?
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?
Great analysis, and all good points. It might be possible for BTC to hit $20k, although I don't expect it to happen without some sort of a trigger. In other words, it probably won't go as high just due to sentiment. The end-of-the-year sentiment might take it up to $12k, maybe even higher, but $20k is probably out of the question without something major hapening.
Let's hope it breaks the $20K barrier quickly when it starts rising and don't keep just below that mark. I think $20K is also a psychological barrier. If that's breaks it can grow bigger
Great analysis imo! https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/
My key takeaways:
Thoughts?
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?
Great analysis, and all good points. It might be possible for BTC to hit $20k, although I don't expect it to happen without some sort of a trigger. In other words, it probably won't go as high just due to sentiment. The end-of-the-year sentiment might take it up to $12k, maybe even higher, but $20k is probably out of the question without something major hapening.
Between Trump's stupid tariffs and Boris Johnson's british crisis, I'm surprised Bitcoin is not up to $100,000 already
maybe because US dollar is holding it strong. People still hold the dollar. Thus, a major dump can really bring bitcoin to a very volatile move. Jump to: