Bitcoin up to $20,000 before 2020? - page 5.

Herbert2020

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Quote from: pixie85 on September 20, 2019, 05:58:48 PM

Quote from: Leo on September 20, 2019, 04:00:26 PM

Apparently we are in Q4, just 3 more months before the end of the year, currently bitcoin is being traded around $10,103, that's gonna be x2 of the price and the market cap of $182b will be expected to double, I don't think such a huge money can flow into the market before the end of the year, perhaps by 2020 we might see bitcoin at $20k and beyond

Bitcoin did it before and in much shorter timespan. In 2013 it tripled in value in 1 month and you're saying that doubling the price in 3 months is too much Cheesy

We still have time and you should know that anything is possible with Bitcoin. I'm not willing to bet on it happening but it's possible.
I'd probably give it 50/50 chance.

you are missing the large number of differences. first of all the ATH in 2013 was mainly a manipulation by one exchange that was controlling more than 85% of the trading volume of that time called Mt Gox. secondly price was already on the rise and ready for that shoot up. there were also a lot of other reasons such as release of ASICs,... that led to a bigger rise.

in 2017 price went from $8k to $20k in less than 2 months. again the difference is that price was already on the rise for nearly 3 years starting from $150 and that was the final stage of that cycle. compared to then, we are now in the first steps of just having come out of the under price low of $3100.

pragna

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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?

I think it can be more than $20k. As it hit $19k before so we can not hopeless to hit more than $20k in 2020. Day by day more people knowing about BTC and connecting also. so be sure that more good news coming in recent days and we all crypto lovers should do work behind it though maximum we come here to gain profit.

Thanks.

pixie85

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Quote from: Leo on September 20, 2019, 04:00:26 PM

Apparently we are in Q4, just 3 more months before the end of the year, currently bitcoin is being traded around $10,103, that's gonna be x2 of the price and the market cap of $182b will be expected to double, I don't think such a huge money can flow into the market before the end of the year, perhaps by 2020 we might see bitcoin at $20k and beyond

Bitcoin did it before and in much shorter timespan. In 2013 it tripled in value in 1 month and you're saying that doubling the price in 3 months is too much Cheesy

We still have time and you should know that anything is possible with Bitcoin. I'm not willing to bet on it happening but it's possible.
I'd probably give it 50/50 chance.

Artemis3

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

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?

Diversify is always good, i guess that increases demand. Of course NOW that they see everybody else doing it, is too late for "great profits", so also expect some of those people getting disillusioned for not going rich "overnight" like some pioneers did and leaving halfway (losing) instead of waiting for long term.

Brexit is a mess for whom, British or Europeans? Which fiat has the most to lose, the GBP (£) or the EUR (€)?

"Trade War" to me is just Trump's tantrums as it only affects Americans. Not sure if that will somehow make them buy more bitcoin. The Chinese have very little to lose, and have been one with the most bitcoin enthusiasts worldwide, even with their government opposing this.

Pattern seems to be a healthy stay in 10k consolidation phase. If if goes up, it would be nice that it didn't go that much up, but slowly. If it does reach 20k i expect a correction afterwards, because it would have been too much, too quick (again).

FOMO is eternal, so any random "analyst" can always paste that at the end and look "good"... Most people have already missed out, it is too late.

Leo

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Apparently we are in Q4, just 3 more months before the end of the year, currently bitcoin is being traded around $10,103, that's gonna be x2 of the price and the market cap of $182b will be expected to double, I don't think such a huge money can flow into the market before the end of the year, perhaps by 2020 we might see bitcoin at $20k and beyond

Herry Toms

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Well, No one really knows where it iwill go and when it will go, so it is early to say if it going to hit $20,000 not saying it can't hit.

Wonder_woman

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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?

Yes lm one of the people expecting for the price of bitcoin will reach up to 20k this coming year. I do hope that it will grow fast soon. This is the only hope l l can earn more than l expect. Like the latest bitcoiners in 2017 some become millionaires quickly created by bitcoin. So its my dream also to have a chance to be rich also.

Ferris419

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It's impossible. Bitcoin dominance rate keeps growing, which is good for the Bitcoin holders, there was some great news about Bitcoin, Bakkt already launched Bitcoin and Bitcoin may have halving, so there was a hype about it. But 20K USD in the next three months? Absolutely no. We can see BTC at 15-25K USD in 2020, not before that!

TheYankeesWin!

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why stop at 20K by years end?

why not 40k Grin

beliomir

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Quote from: timcook on September 20, 2019, 09:56:10 AM

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.

nicecrypto

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If this is manage to be achieve by end of year it is there will be a serious bull run within the next 3 months to come and I hope our beloved alts won't be left out on this race as well, only btc dominating the whole market won't be fun, anyways, let's hope the above analysis is a bit accurate enough to see that amount.

CardIntel

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I appreciate you sharing this analysis!

serjent05

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Quote from: Upgrade00 on September 20, 2019, 12:16:30 PM

Quote from: kryptqnick on September 20, 2019, 11:41:44 AM

It seems like a realistic prediction, IMO.

I agree. Much more realistic than the $200k predictions in one year and those who try to predict the price in five or ten years time.
If this happens, it would be surpassing the current all time high, I was very optimistic of that happening a few months ago, but not so much now. It's very possible, but by my calculations, I do not think we would reach that mark this year.

True that $20k is more realistice but at this current market state and the months needed for it to meet that price, I think it is kinda hard. But we all know that Bitcoin market is unpredictable, it can rally really high in a matter of a week if there is a good enough catalyst to start that rally. And so far the only good candidate for that catalyst is Bakkt, which will be launching on Sept. 23. I think if Bitcoin price goes up to 15k on mid october, it is possible for Bitcoin to reach $20k before 2020.

Upgrade00

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Quote from: kryptqnick on September 20, 2019, 11:41:44 AM

It seems like a realistic prediction, IMO.

I agree. Much more realistic than the $200k predictions in one year and those who try to predict the price in five or ten years time.
If this happens, it would be surpassing the current all time high, I was very optimistic of that happening a few months ago, but not so much now. It's very possible, but by my calculations, I do not think we would reach that mark this year.

ryanmarge163

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If it wants to get to 20k, BTC has to drop to 8k or so in this year. Note that the world's economic conditions are relatively weak right now. Once small recessions occur, BTC price cannot hold its price in 4 digits like now.

kryptqnick

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It seems like a realistic prediction, IMO. Bitcoin made a huge step forward this year and the price doubled in months. So why would not it double again? However, I think that it would be more realistic if it was about 2020, not the time before 2020 (which is just 3 months, and the summer showed the price can stay the same for a while). As for the reasons, FOMO, unfortunately, is most likely one of them, whereas I am not so sure about Brexit affecting the situation. Another question is for how long Bitcoin will be able to maintain the price level of $20k.

seoincorporation

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We know the big bumps comes always on December, so, ig bitcoin has been around $10k almost all the year then the chance to see it at $20k isn't hard at all. I think we will see a price higher than those $20k so, let's keep holding because this rocket is going to hit the moon.

Another good signal for the bump is the number of involved people in the cryptocurrencies, while more people the bumps goes higher.

Ayiranorea

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Quote from: Yatsan on September 20, 2019, 11:11:48 AM

Quote from: bitzizzix on September 20, 2019, 10:41:20 AM

3 months left to reach 2020 and in my opinion this is a very short time, no one can predict accurately about the increase in the value of bitcoin and all of them are just predictions that are not necessarily proven to be true.
the price of bitcoin reaching $ 20,000 or more is everyone's hope and let bitcoin move as it is.

3 months for bitcoin to reach $20000 is not short, in fact that is a very long time. We have seen the price up and down for a quite long time. If you can still remember back 2017 it just took 4 months to reach its all time high price roughly $21000, and that's the time more people come over the cryptocurrency. Maybe 2018 is not bitcoin's year, maybe this year or also not but don't let this matter affect your interest, time will come that bitcoin will be more than what you think.

Agreed, the growth took place in less than four months time during the previous massive bull trend of 2017. Right now we're in the ninth month of the year. We've got three more months to end the year. Following week there is more chances for growth as the Bakkt launch is scheduled for 26th of this month. During 2017, the growth took place in terms of $1000+ regularly. This way if the growth gets ignited reaching $20000 could happen even within a month.

Yatsan

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Quote from: bitzizzix on September 20, 2019, 10:41:20 AM

3 months left to reach 2020 and in my opinion this is a very short time, no one can predict accurately about the increase in the value of bitcoin and all of them are just predictions that are not necessarily proven to be true.
the price of bitcoin reaching $ 20,000 or more is everyone's hope and let bitcoin move as it is.

3 months for bitcoin to reach $20000 is not short, in fact that is a very long time. We have seen the price up and down for a quite long time. If you can still remember back 2017 it just took 4 months to reach its all time high price roughly $21000, and that's the time more people come over the cryptocurrency. Maybe 2018 is not bitcoin's year, maybe this year or also not but don't let this matter affect your interest, time will come that bitcoin will be more than what you think.

bitzizzix

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3 months left to reach 2020 and in my opinion this is a very short time, no one can predict accurately about the increase in the value of bitcoin and all of them are just predictions that are not necessarily proven to be true.
the price of bitcoin reaching $ 20,000 or more is everyone's hope and let bitcoin move as it is.

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