Topic: Can Bitcoin Make it back to $20k ? - page 6. (Read 2688 times)

It is kinda hard to tell now because the market sentiment is becoming bearish, though I believe it will someday.  Others keep comparing the price movement of Bitcoin on 2017 and 2019,  the thing that is missing today is the catalyst to trigger FOMO.  FOMO were inevitable last 2017, people keep on thinking that Bitcoin will continue to increase in price so they blindly stockpile Bitcoin.  As of Bitcoin going back to $20k by November, I haven't known any catalyst that can trigger FOMO to the masses so I think we need a longer time frame to reach $20k again.  It will, but not this November IMHO.

I totally agree that we’re still in the adoption period. Many people still has no idea about BTC or many of them have some doubts and hesitations about the future of crpto. We still need time people to understand all the benefits and quality of Btc. On the other hand, i don’t think Btc to hit $ 20k in the coming months. It seems like the market needs some balance first. I’m hoping to see better things in the next 2 years tho..

from today the course begins to grow, but I think that it will grow slowly, and in the near future will not reach 20,000.

If we look at the events that lead to the bitcoin rise back in 2017 and what is happening today we will see a big difference in how things are going and even in how people are thinking and their vision in bitcoin as an investment, back in 2017 all the new people and the new investors that have put their money into it were blinded by its rising value and that was one of the main reasons that made its value going up and that is the constant flow of new people investing in it, until things happend and governments started the regulations and the price and the investments declined , nowadays people are more aware of the risks and won't invest a lot of money into bitcoin like they did and that is one the reason the bitcoin won't reach 20k at least this year, as for next year and one we get close to the halving thing might change and we might see a big spike in the price.

It seems difficult for bitcoin to return to the value of $ 20,000 even though many people predict that 2020 will reach the price of $ 20,000 but what we see is that the current price of bitcoin has declined suddenly.
no one can predict the value of bitcoin accurately but whatever the value of bitcoin will remain popular and the best coin in cryptocurrency.

I know bitcoin can make it back. But nobody knows when. I think we just need a little bit hype from the news. Because the reason why it falls down is the bad news so we just need some good news to make it happen.

Well many users is still new in bitcoin and most of them dont like digging the background of what they are dealing withmost of them just join and hop at the hype and get shock or devastated when price pump or dump.

The main thing is there still hope for bitcoin to get back to $20k we just need to wait a littlebit longer I think

The chance of Bitcoin not making it back to 20k are slim to none. The entire crypto infrastructure relies upon Bitcoin to this day, and it maintains a near 70% dominance rates which is incredible considering how many major cryptos there are now.

There was a lot of optimism about Bakkt having a good impact on the value of Bitcoins and now it's having a negative impact on it far from what we anticipated, I initially believed that with the launch of both Libra and Bakkt we would be able to get back to $20K but it seems we would have to wait a bit later.

The reason why the price is falling it because of all the negative news the government and the big personalities are suddenly trying to figure out a way to bring the cryptocurrencies down , it has been on since it was developed but now the intensity is increasing and they are trying to ban it..
I think it was easily retrace the price when the favourable conditions arrise.

The maximum that we can see this year is the price of 15,000.
Bitcoin makes very large corrections. Do not be in 2019 bitcoin for 20 000 USD

bitcoin could reach 20k more or more than that, but in my opinion not for this year
a really high bitcoin surge occurred during the halving block of 2013 and 2017 ... which means the next 2021
I think now the Whales are being accumulated for 2021

Bakkt never has a good impact on the market instead, it drags the market down. We are just over speculated the market and we think that having $20k again is pretty easy but what it happens now? We are dropping hard and not surely if we could make a big run next month or even this year. Though we are an optimistic person but totally not confident of what the market had shown to us.

It may be this is a time to refresh our mind and not to think too much with the market so we can't feel worries and disappointment in every time the market suffer price fall.

Its really hard to compare the period of btc reaching 20k to now. And besides, coin dumps and pumps are a common thing since forever so you can't really read how the prices would go. Prices dropped like quite a bit of times and went up sometimes. Resting its increase on the recent release of Bakkt aint that good. Although it is a nice rope to cling to and hope that bitcoin would really surge up cause of it, its not the only factor involved. But I do hope it goes back to its prime or maybe exceed it though.

What the hell. Bitcoin was introduced to the public and that's why it went up in 2017? WTF. That's hilarious. There's been 3 times bitcoin has been pumped like that and every time the public flooded in and bought it. So I have no idea what they hell you're talking about.

Here's what often happens. bitcoin price drops way down, usually leading up to a halving and then starts to climb. As it climbs more and more people see it happening and jump in. The media gets involved which brings even more and more as it snowballs. It's not rocket science. Bitcoin halves again next year.

Last time though I think it went a lot higher than it "should" have. I remember there was some billionaire that made the prediction it would be over something like 10k by 2018. The trend was indicating it wasn't going to happen and then as it got closer it started to take off. For all we know his ego was so big he just had to ensure his prediction came true.

All us little people have no idea of all the manipulation that goes on behind the scenes. Crypto is filled with pump and dumps all the time. Doge for example would go through one pretty much every year like clockwork. With bitcoin, it just requires some bigger whales. With this sudden drop in bitcoin, it wouldn't surprise me in the least if there weren't some whales wanting to get the price down prior to the halving.

I don't think so we are moving slowly and sometimes the price is dropping, we're like in a limbo
$20k is out of the question this year I don't want to say it's impossible but the pieces are not adding up for us to think that there's a possibility
Let's just be happy that we out of the $5k level danger level, maybe next year holds a lot of promise, or still danger, all I know is we are still in the adoption period.

There is a reason why bitcoin price surge in 2017
from three thousand us dollar to five thousand then goes up to 20k
during that time bitcoin is Introduce to public  and they are slowly
getting interest to invest on crypto , suddenly it started a bull run
and the public goes crazy over it excitement and everything
they buy bitcoins to hoard, then a news breakout china is banning bitcoin and exchanges, also closing mining firms, all kinds of fud
release over the internet, and the price declines
Now bitcoin is under fire again with Bakkt first day of trade price crumble again but slowly regain, they say october is the time that it will reach 16k are we gonna see 20k+ by november ?
feel free to share your thoughts dont be rude to everyone smile