Can Bitcoin cross $50,000 by Dec 2020? - page 2.

Ferris419

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Is it possible? Sure. Does that mean the market this for sure going that way? No, nobody knows and if they were for sure they could make a lot of money and wouldn't tell anyone. (But knowing the future isn't real)

Exactly! Bitcoin can hit 50K USD anytime in any year, it has always that possibility! But no one can say exactly when it gonna happen. All people can do just predict the price by seeing the chart, but the price chart is not right all the time, we have shown it in 2018! People are mocking most of the crypto expert because they did not predict, they ensured a higher price, and those predictions are using as fun now!

darkangel11

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Quote from: enhu on November 02, 2019, 01:42:21 PM

The bear market is such a nightmare and I guess speculating how much BTC would be after halving would be an escape of this reality. Cheesy

Quote from: darkangel11 on November 02, 2019, 12:51:59 PM

I've recently watched this https://www.youtube.com/watch?v=UTneP10ycMM

Not an ad of any sort and it's not my video, you can check it out and say what you think. It's interesting that this guy managed to point out both the 2017 ath and 2019 bottom and he pointed out the top almost to the exact price and day. According to this prediction we are going to hit a new ATH next year before the alving which could be close to 50k.
The price is really acting like it wants to go up from here and if it does all those undecided people will jump on the train one by one.

Yes. Since we believe BTC so much why not $50K isn't even that much. But its probably not going to happen by 2020. I'd be one of the happy holder if its price spikes up to $50k and I can't wait already. Holders are already seeing how much they are going to be earning after halving.

50K is closer than you might think if you consider the following:

All previous BTC bull markets ended in the price increasing more than 300% from the ATH, which in this case would take us higher than 60k USD
the exponential trendline we used to follow for 10 years points to even higher targets
The bull market of 2017 took us from 1k to 20k USD which most of us weren't even dreaming of when we were below 1k in 2015 and 16
BTC was banned in China in 2017. The next bull run will probably happen with them onboard

wxa7115

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Quote from: barnes13 on October 31, 2019, 08:03:20 AM

Do you really think that can happen? I don't think so. If we speculate that Bitcoin will touch at the price of $15k- $25k it might be possible, but for $50k I think it's rather difficult. We need regulatory support and implementation from major big companies to make it bounce very high instead of many good altcoins around us. Cause based on the facts, only a few altcoins have good quality.

We will probably need more than just a few big companies adopting bitcoin for the price to go that high, what we really need is that institutional investors begin to take an interest in this market, but they are very smart once they decide that they want to be part of this market they are not going to invest all their money at once, what they are going to do is to enter in the market in a very slow way and then once they are comfortable with the amount of coins they are holding they will make the announcement that they will enter the market.

That is when will see an explosion in the price of bitcoin and many other cryptocurrencies but until that day comes I find it very difficult that we will surpass the previous all time high.

enhu

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The bear market is such a nightmare and I guess speculating how much BTC would be after halving would be an escape of this reality. Cheesy

Quote from: darkangel11 on November 02, 2019, 12:51:59 PM

I've recently watched this https://www.youtube.com/watch?v=UTneP10ycMM

Not an ad of any sort and it's not my video, you can check it out and say what you think. It's interesting that this guy managed to point out both the 2017 ath and 2019 bottom and he pointed out the top almost to the exact price and day. According to this prediction we are going to hit a new ATH next year before the alving which could be close to 50k.
The price is really acting like it wants to go up from here and if it does all those undecided people will jump on the train one by one.

Yes. Since we believe BTC so much why not $50K isn't even that much. But its probably not going to happen by 2020. I'd be one of the happy holder if its price spikes up to $50k and I can't wait already. Holders are already seeing how much they are going to be earning after halving.

BigBos

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Quote from: bitbunnny on November 02, 2019, 11:29:21 AM

This is very distant future having in mind how quick Bitcoin can change and I don't like predictions that are not based on any real inputs and a year ahead it's very hard to predict anything. Besides 50000$ sounds exaggerated at this moment, more like a wishful thinking. And don't forget that similar wishes and predictions were for this year too but none of them came true.

I also feel that this prediction is excessive, even today we are still guessing whether the price of bitcoin can reach $ 20,000 or not. I believe that there will be some people who believe in this prediction without any information and make excessive investments. yes, information for the price of bitcoin rises is quite large for next year, but I advise not to expect too much with the increase. bitcoin prices need time to keep going up and growing. however, don't expect too much because when you expect it and invest beyond your limits, regret and stress will wait for you if the results are beyond your expectations.

darkangel11

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I've recently watched this https://www.youtube.com/watch?v=UTneP10ycMM

Not an ad of any sort and it's not my video, you can check it out and say what you think. It's interesting that this guy managed to point out both the 2017 ath and 2019 bottom and he pointed out the top almost to the exact price and day. According to this prediction we are going to hit a new ATH next year before the alving which could be close to 50k.
The price is really acting like it wants to go up from here and if it does all those undecided people will jump on the train one by one.

bitbunnny

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This is very distant future having in mind how quick Bitcoin can change and I don't like predictions that are not based on any real inputs and a year ahead it's very hard to predict anything. Besides 50000$ sounds exaggerated at this moment, more like a wishful thinking. And don't forget that similar wishes and predictions were for this year too but none of them came true.

jets567

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Quote from: joinfree on October 31, 2019, 12:03:36 PM

Quote from: star99 on October 22, 2019, 10:20:16 AM

With so many good altcoins around, do you think Bitcoin can cross $50k by Dec 2020?

Lol, where are those many good altcoins that you are talking about Roll Eyes

. Most of them have tanked real hard mate and let's be realisitc for once guys. How on earth do you want to see Bitcoin rise all the way up to $50k by ending of next year. This is highly impossible looking at the situation of crypto industry and with most countries trying to prevent its adoption.

I'm pretty sure you know that market is very unpredictable that anything can happen in just a short period of time which is why people speculate Bitcoin prie, reaching $50K by the end of 2020 is not impossible specially that there will be an up-coming Bitcoin halving and if you were following the trend the price of Bitcoin always rise after the halving which is likely to repeat again for the 3rd time.

barbara44

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Quote from: STT on October 29, 2019, 09:32:10 PM

I'am still listening but Im here sharpening my scythe and thinking thoughts of a price going down not up. Always ready to listen for signs of strength and a break upwards of course but a slip under here seems an ideal playout of a negative scenario, the blip upwards the head fake that helps the downside ultimately.

Could go that way or could be something else but I never want to be blind sided by the possibility I refused to consider.

[im g]https://i.imgur.com/59ctvMg.png[/img]

Very short term trend top and it does tie into a trend also on daily and we'll see which way it can go from here.

For me, I am listening more to the technology adoption tune of it to know the direction the price will be by that next year if there is massive adoption of bitcoin based on the usage of it for payment, I see bitcoin really moving towards that figure of $50k, but if we are still bent on using speculation to control the market, we need to always be very careful , because one thing that I have notice about speculation is that it will always head for the opposite side of the speculation every time the is concentration of it on one side.

When people are speculating that bitcoin will go upward that is when bitcoin would start growing downward, but when bitcoin is speculated to be growing downward that is when it grows upward, and it takes someone who would listen to the tune very well to cope.

joinfree

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Quote from: star99 on October 22, 2019, 10:20:16 AM

With so many good altcoins around, do you think Bitcoin can cross $50k by Dec 2020?

Lol, where are those many good altcoins that you are talking about Roll Eyes

. Most of them have tanked real hard mate and let's be realisitc for once guys. How on earth do you want to see Bitcoin rise all the way up to $50k by ending of next year. This is highly impossible looking at the situation of crypto industry and with most countries trying to prevent its adoption.

Hamphser

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Quote from: barnes13 on October 31, 2019, 08:03:20 AM

Do you really think that can happen? I don't think so. If we speculate that Bitcoin will touch at the price of $15k- $25k it might be possible, but for $50k I think it's rather difficult. We need regulatory support and implementation from major big companies to make it bounce very high instead of many good altcoins around us. Cause based on the facts, only a few altcoins have good quality.

As i watch the market situation in the previous years, i can conclude that there is no chance that the market would touch the $50,000 by Dec 2020. If halving going to change the price from the previous ATH to $100,000 then there might be a small chances that bitcoin would touch too close to the $50,000 but i still doubt it even if it would touch at that price. We really need a good reason to actually reach that price.

barnes13

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Do you really think that can happen? I don't think so. If we speculate that Bitcoin will touch at the price of $15k- $25k it might be possible, but for $50k I think it's rather difficult. We need regulatory support and implementation from major big companies to make it bounce very high instead of many good altcoins around us. Cause based on the facts, only a few altcoins have good quality.

STT

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I'am still listening but Im here sharpening my scythe and thinking thoughts of a price going down not up. Always ready to listen for signs of strength and a break upwards of course but a slip under here seems an ideal playout of a negative scenario, the blip upwards the head fake that helps the downside ultimately.

Could go that way or could be something else but I never want to be blind sided by the possibility I refused to consider.

Very short term trend top and it does tie into a trend also on daily and we'll see which way it can go from here.

wxa7115

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Quote from: Stargazer on October 27, 2019, 02:17:48 PM

Bitcoin halving will happen in May 2020! After every halving, Bitcoin went to the moon! So, this is possible for Bitcoin to hit 50K USD at the end of 2020 to the first half of 2021! Personally, I would be very happy if the Bitcoin price hit 30K USD!

This is a classic mistake that many investors make, just because something happened in the past doesn't necessarily mean that it will happen in the near or far future, it is correct to say that after each halving bitcoin has grown in value but this happened because the demand went up as well during that time, so we need to question ourselves, are we going to see a higher demand for bitcoin during the next months?

And no one really knows the answer to that question, some days ago it seemed as if the market was ready to go even lower than what it was and a few days later the circumstances in the market changed completely but my conclusion is that even if I believe the price will go up after the halving it will not reach 50,000.

RealMalatesta

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Quote from: bhabygrim on October 28, 2019, 01:32:29 PM

Who knows? We couldn't be certain about the price of Bitcoin and this sudden rise is the perfect example .
The price movement could easily change we have seen it dropping down yesterday and it could go back climbing up the next.
So asking for the price in the future is impossible to have an accurate answer.

Asking a short term prediction is something that I think we should know already is impossible, we can only believe that bitcoin will reach a certain milestone in the long term future, but as reality set in, we will begin to see in the shortest time if such future predicted price will be possible or not.

The only way that one can still predict bitcoin , is within a week I think and that is for traders, they are able to know if it is the time to buy bitcoin or to sell bitcoin, but with faith and believe anyway, I think that we can think along with the op even though the value predicted seems unreasonable to me, because we will need lots of adoption and institutional investors for that huge value to be able to set record in the market cap of bitcoin, which means we must have been looking at trillion for such prediction to happen.

bassbity

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Quote from: coin-investor on October 29, 2019, 09:23:24 AM

Quote from: star99 on October 22, 2019, 10:20:16 AM

With so many good altcoins around, do you think Bitcoin can cross $50k by Dec 2020?

the biggest question is what kind of news that will propel Bitcoin price to another all-time high because Bitcoin performance was due to China news and Bakkt's, definitely halving will have an impact on the price next year, what will be the price is something we can speculate.

It could be because China, Bakkt, Halving are triggering bitcoin prices to rise, so many people are predicting bitcoin will rise to 20k because there are three reasons, namely China, Bakkt, Halving then all of them are aimed at it, so 2020-2021 is where bitcoin will beyond its limits.

coin-investor

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Quote from: star99 on October 22, 2019, 10:20:16 AM

With so many good altcoins around, do you think Bitcoin can cross $50k by Dec 2020?

How do you connect the many altcoins around to the price of Bitcoin in the future, will these altcoins hamper the growth of Bitcoin, these altcoins are barely moving and they just rely on how Bitcoin performs, the biggest question is what kind of news that will propel Bitcoin price to another all-time high because Bitcoin performance was due to China news and Bakkt's, definitely halving will have an impact on the price next year, what will be the price is something we can speculate.

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Quote from: NeuroticFish on October 29, 2019, 03:06:01 AM

Everything is possible. But we do want that? Really? Because that means another FOMO bubble which, sooner or later will end badly for many.

Though I wouldn't want to guess the size of future examples, more boom and bust is pretty much a given. That's just how it rolls. It needs to be way bigger, better distributed and understood before that starts to change.

NeuroticFish

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Everything is possible. But we do want that? Really? Because that means another FOMO bubble which, sooner or later will end badly for many.
Although the chances for a new bubble start are quite big imho, I'd still prefer to see it come a bit later and meanwhile let Bitcoin have some period of slow and steady growth.

blckhawk

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Quote from: star99 on October 22, 2019, 10:20:16 AM

With so many good altcoins around, do you think Bitcoin can cross $50k by Dec 2020?

Quite possible. Considering the next halving is nearing, it could happen while supply decreases. However, there are many factors to consider aside from that. Include government regulations, their move to ban/decrease bitcoin activity (by making their own or imposing laws), and possible crisis that might happen because we cannot predict the future. It could pump up to that price because there's really no limit to where bitcoin prices could hit, no institution controls its inflation and it's purely by supply and demand.

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