Can bitcoin Cross $20,000 By the end of 2020? - page 4.

The Sceptical Chymist

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Quote from: mk4 on February 09, 2020, 01:09:34 PM

It theoretically can, but no one knows if it will. If you want a more precise answer, I suggest asking your nearby fortune teller.

Seriously--but I guess that's what this section is all about, guesswork.

I'd certainly say bitcoin is on track to hit $20k at some point this year, and I'll bet the halving (or at least the anticipation of it) will be a driving factor. But as I've said before, I'm not hoping that bitcoin starts going haywire around May and I think $20k by the end of the year would be a more reasonable target. 2017 was a fun year for crypto, but the hangover was hell on wheels and I'd prefer to avoid a repeat of all that.

Quote from: pixie85 on February 09, 2020, 06:53:24 PM

I expect a dump if we get close to 20.

I hate that word dump in the context of bitcoin, but I know what you're saying and I agree. Lots of people would start cashing out if bitcoin hit a new ATH--it's understandable, of course, but the subsequent drop could be massive.

lienfaye

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Anything is possible to happen in crypto so yes there's a chance.

However it would be better to have less expectation because we dont know whats on the future.

For now just buy bitcoin if you think the price will hit $20k by the end of this year.

criza

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Quote from: GmAdvice on February 09, 2020, 12:58:43 PM

Can bitcoin Cross $20,000 by the end of 2020?
Now it is approx $10,000

There is a high chance Bitcoin could reach $20,000 this year. I think it would reach it earlier than what we've expected because, currently Bitcoin's price is already beginning to break into the $10,100 barrier.

I predict Bitcoin's value to reach $20,000 by the month of August-September if the price of it would continue to pump gaining momentum over-time.

pixie85

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It can but I don't think that it will. Breaking an ATH will be a big deal because a top that started a bear market becomes a strong psychological barrier.
I expect a dump if we get close to 20.

Also many people will try to make up for the money they lost in the bear market. They won't care aboout possible future gains if thgey hold past 20 thousand. All they will focus on is to reduce the losses and exit with minimal gain.

inthelongrun

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Over the years, all I can is that everything can still happen in a blink of an eye with bitcoin. It is still very volatile. We are still in early February and the price is already $10,000. So a longer bullish period can break $20,000. This is also the bitcoin halving year. So who knows?

Bitcoin is once again in bullish mode so we will expect more experts and gurus to suddenly appear.

jhonjhon

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With the price almost reaching the $10,000 mark a lot of predictions have come out stating this and that but we really don’t know which one will happen and I think we will experience FOMO again because of this and with that being said, $20,000 isn’t around the corner.

BitcoinNewsMagazine

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It is never too late to buy; but if you are not able to keep an eye on the charts to wait for the inevitable correction in this new bull market (to get the best price) just dollar cost average your buys.

andamarina

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I don't think will happen so soon, maybe yes but only after halving, but i not have so big hopes.

bL4nkcode

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Limited in number. Limitless in potential.

If you will look and compare to the previous halving, maybe yes, price doubled 6 months after the halving ($600 on july and 6 months after - $1.1k+ on Feb.).
So 6 months after halving this May, maybe we can get almost doubled the current price assuming it will be stable til may. But, let see, since anyone want it anyway.

Latviand

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Quote from: mk4 on February 09, 2020, 01:09:34 PM

It theoretically can, but no one knows if it will. If you want a more precise answer, I suggest asking your nearby fortune teller.

I like the sarcasm.
But it is really hard to predict it with certain. The market value of not only Bitcoin but also most of the cryptos are naturally volatile. The market price is changing from time to time which makes it impossible for just anyone to correctly determine what would happen next. Every expectation whether it is from the majority or an individual, is just an opinion.

Going back, it is too early to make an assumption that Bitcoin's market value would be able to again break the $20,000 barrier just like what happened before. There are still many things that could happen not knowing if it would benefit the market prices or not. Many people are anticipating the halving in which they believe, will boost the market price of Bitcoin to its all time high, but that is uncertain. We won't be sure of it unless we see it on actual. So maybe, waiting for that day to come is the answer to OP's question.

Best thing to do at this point is to invest and trust the process. The market value by the way, is currently at the $10,000 mark which could be higher few days from now. But also, backdrops are still expected.

Juggy777

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Quote from: GmAdvice on February 09, 2020, 12:58:43 PM

Can bitcoin Cross $20,000 by the end of 2020?
Now it is approx $10,000

Quote from: mk4 on February 09, 2020, 01:09:34 PM

It theoretically can, but no one knows if it will. If you want a more precise answer, I suggest asking your nearby fortune teller.

@GmAdvice I’ll answer yes and at the same time I’ll tell you that, it’s quiet possible that bitcoin prices may not cross $20k by the year end because of it’s volatile nature. @mk4 while I’m not a fortune teller, but I can see how it’ll go with the fortune teller as the FT will tell him the same thing like we just said here. I hope now you’ll understand that no one can predict what will happen with bitcoin prices, as we all try to make predictions based on our gut feeling. Therefore I’ll advise you to do more research about bitcoin prices, as I feel you lack the necessary knowledge regarding it.

mk4

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It theoretically can, but no one knows if it will. If you want a more precise answer, I suggest asking your nearby fortune teller.

GmAdvice

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Can bitcoin Cross $20,000 by the end of 2020?
Now it is approx $10,000

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