Bitcoin will hit 20.000$ ? what do you think guys ? - page 3.

Hazir

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Quote from: thesavoyard on January 05, 2018, 01:38:38 PM

Bitcoin is currently hard-capped and can't gain value. When backlog reaches around 250,000 and fees rise to $50 the price crashes due to a pullback. You can only lose right now with Bitcoin. The problem is at the core, it has a bad governance model. Miners cannot be trusted to implement BTCs best interest. In 2018, BTC will lose its top spot.

I don't think that there is something like hard-cap od bitcoin price.
Price of BTC is linked to supply and demand, high fees, congested network and a huge backlog of unconfirmed transactions have nothing to do with it.
Core is not that bad - but what they can do alone without the support of miners? And of course, that miners are fine with current status quo.
After all, high fees = more money for them so why change that?

JL421

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Quote from: fikito33 on January 05, 2018, 01:36:22 PM

Bitcoin will hit 20.000$ Huh

what do you think guys ?

20,000 is a small amount for bitcoin, it will cross 25,000 by the first half of 2018 and continue increasing despite high rates of volatility. It's not yet reached it's peak point so there's a high growth rate in the coming days.

audaciousbeing

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Quote from: thesavoyard on January 05, 2018, 01:38:38 PM

Bitcoin is currently hard-capped and can't gain value. When backlog reaches around 250,000 and fees rise to $50 the price crashes due to a pullback. You can only lose right now with Bitcoin. The problem is at the core, it has a bad governance model. Miners cannot be trusted to implement BTCs best interest. In 2018, BTC will lose its top spot.

You probably have some legit arguments there but not answering what Op is asking. With all these legit points you have it does not still stop bitcoin from reaching the $20000 mark if not because of anything but for the fact that a peak of 19k was reached the last time, is a potential that the $20000 can equally be reached and broken as well. But that does not mean all these factors will not come to play or bitcoin will not lose his top spot, or even that bitcoin might cease to exist, it just mean that $20000 is achievable.

geo43

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BTC is closing in on $17,000 so it will hit $20k soon.

UglyDolphin23

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I think now is not the time to hit it. Maybe April, maybe May Bitcoin will hit 20k and then he will go to the Moon.

icanscript

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This year, bitcoin will exceed the rate of 50k. It is impossible to say unequivocally whether this is good or bad. Too fast growth leads to sharp kickbacks.

Glutius

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Quote from: thesavoyard on January 05, 2018, 01:38:38 PM

Bitcoin is currently hard-capped and can't gain value. When backlog reaches around 250,000 and fees rise to $50 the price crashes due to a pullback. You can only lose right now with Bitcoin. The problem is at the core, it has a bad governance model. Miners cannot be trusted to implement BTCs best interest. In 2018, BTC will lose its top spot.

In this case, what crypto currency do you think will replace bitcoin? It is very interesting to know the opinion. The closest crypto-currencies to bitcoins are Ripple and Eth. The cost is the most expensive BCC. But they are still far from BTC. What is your forecast based on?

ARround Team

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I think to the end of this year more than 20 K$ is possible. But is for long term investment is very good I think.

telexqwerty

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Although the market shares have been taken by alt coins, BTC will still be the top. As more regulations coming, more official trading will be about BTC, not anything else. Therefore, we can see BTC reach 20k in 2018 and possibly 30k.

Jiihaa

newbie

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I think we will see 30 000 this year. So much new money and bitcoin starts to be symbol like Rolex Ferrari and Lambos..

GeorgiyBilyk

member

Activity: 378

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Now all the altcoins have gone down, I think it's not long! Bitcoin should have a correction! Will reach 17000 $, and further down! there will be two ways of development: 1 way - if the mark breaks at $ 17000, it will go higher !!! most likely it will reach $ 20-22000! 2 way - if the level does not break in 17000, there will be a correction to 14000! but wait for us $ 100,000)))))

nightmanisrightman

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Quote from: thesavoyard on January 05, 2018, 01:38:38 PM

Bitcoin is currently hard-capped and can't gain value. When backlog reaches around 250,000 and fees rise to $50 the price crashes due to a pullback. You can only lose right now with Bitcoin. The problem is at the core, it has a bad governance model. Miners cannot be trusted to implement BTCs best interest. In 2018, BTC will lose its top spot.

Everything you said was true or has chance to be true but I gotta disagree with BTC losing the top spot. Despite all the lacking and screw ups BTC has committed it still seems to have the confidence of the overall market. Yes that has been slipping for a few weeks now but I would be shocked to see ETH or XRP overtake BTC this year.

A1exander

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Quote from: fikito33 on January 05, 2018, 01:36:22 PM

Bitcoin will hit 20.000$ Huh

what do you think guys ?

It's possible. The price seems to be recovering, so reaching the previous ATH should not be a big problem. It may take time, although.

AK47-

sr. member

Activity: 644

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After crossing $16500, the next support level for btc is $17400. If btc crosses it, then there will be a parabolic growth. Bitcoin can easily surpass $20k and altcoins will get rekt. Right now, leaving Bithumb, btc is below $17k on all the major exchanges. Next 3-4 hrs are important to know the pattern of btc movement.

bit-freedom

sr. member

Activity: 658

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Yes I agreed, $20,000 is not a problem for Bitcoin. In fact, I am expecting Bitcoin to reach at least $50,000 by end of this year.

thesavoyard

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Bitcoin is currently hard-capped and can't gain value. When backlog reaches around 250,000 and fees rise to $50 the price crashes due to a pullback. You can only lose right now with Bitcoin. The problem is at the core, it has a bad governance model. Miners cannot be trusted to implement BTCs best interest. In 2018, BTC will lose its top spot.

fikito33

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Merit: 10

Bitcoin will hit 20.000$ Huh

what do you think guys ?

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