Is Bitcoin on its way to $20,000? - page 4.

mindrust

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Quote from: kingcolex on May 06, 2019, 12:50:51 PM

Quote from: Genemind on May 06, 2019, 12:46:07 PM

This has happened before. I don't think if Bitcoin would repeat the same path and history again.
If Bitcoin would rise continuously with at least a thousand or more every two weeks, $20k wouldn't be hard to reach by the end of the year. Time will tell but if there would still be more massive adoption, Bitcoin would surely soar higher more than what we speculate.

Well there are only 21 million bitcoins and it sure seems like more investors are getting piqued interest, I'm getting a bit excited about it myself.

Exactly.

The most basic explanation: The supply is limited and the demand is growing. There is only one way for bitcoin to go. It is up.

It will exactly follow the same pattern which happened in 2014 and then 2017. Every time Bitcoin makes its new ATH and falls down, it will come back with more believers&investors and dwarf the old ATH. This is physics.

Bitcoin is limited supply, Dollar is not. It is inevitable.

When we enter the next mania, you won't be able to see $20k on the charts just like you can't see $1k right now.

naufals4

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anything that can happen even if the price of bitcoin is now almost $ 6K can in the future after bitcoin do halving can be $ 20K or even more. but remember even though there are certain positive things there are also negative things like for example bitcoin is not famous anymore and also replaced by a similar cashless application maybe the price of bitcoin will decrease further from $ 6k

MakeMoneyBtc

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It's pretty hard to predict such things since the price could skyrocket in a few weeks to 10.000$ and from there continue very quickly to 20.000$. Personally I think it will take about a year or more for it to get there because I can't see the price being 20.000$ at the end of 2019 even tough that is not impossible. As I said before, anything big could happen in just a matter of weeks right when no one is expecting it and that's why it's always hard to predict when bitcoin is going to reach a certain price.

audaciousbeing

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Here we go again with some unimaginable expectations rather than waiting for situation of things to turn out with the influence of speculators working on empty predictions without considering the practicability of such prediction. Eventually, the price of bitcoin might reach such length but it does not remove the fact that there is need to be realistic on prediction of price. $20,000 is a long way to go...

monalia

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I am planning to start the local courier business in my city. If this happens i will sell all my bitcoins and spend that coins on my business.
Hope this time bump will push the next by run to reach 10k USD at least.

Moshaid

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Let's all just be optimistic and positive on seeing bitcoin hit this price, it will be really hard for must people that got rekt after buying bitcoin in ath price in 2017 to get convinced in this situation whereas some has learnt different lesson from those that bought during the ath period in 2017. I think we should just take thing step by step and see what the future has for crypto in general.

dmamigo

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I doubt it will go or reach it's all-time high so soon. But obviously it is going to that path only, even if it falls in between the journey, it will reach the ATH. The influencers are saying that it will reach very soon, I don't have any idea how soon it will be, but I do believe that it will for sure. I would like to see it grow more steadily, rather than jumping within a few weeks and then hovering downwards faster then it went up.

kingcolex

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Quote from: Genemind on May 06, 2019, 12:46:07 PM

This has happened before. I don't think if Bitcoin would repeat the same path and history again.
If Bitcoin would rise continuously with at least a thousand or more every two weeks, $20k wouldn't be hard to reach by the end of the year. Time will tell but if there would still be more massive adoption, Bitcoin would surely soar higher more than what we speculate.

Well there are only 21 million bitcoins and it sure seems like more investors are getting piqued interest, I'm getting a bit excited about it myself.

Jackrodwell

copper member

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If this predictions and pegged of BTC price comes in the near fees months will really be a gain for holders,but one can't really know the outcome because too many hype and fake predictions out there, don't fall for fake predictions.

joshy23

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Quote from: bobsav2121 on May 06, 2019, 10:59:44 AM

With the massive price surge over the last month or so, how long do you guys think we need to wait for BTC to get to 20K? Realistically speaking...

These guys touch some nice topics that must happen if we want to get to see BTC at $40,000:

https://cryptotradernews.com/cryptocurrency/bitcoin-the-path-from-4000-to-40000/

There's no clear directions, we are all assuming that the value will go to what we intend to be, hitting back $20k still achievable we all need time and more adoptions, with how the market behaves with small rise from month to month it will take a year or two to see the price to that range, not unless big players will push it much quicker.

Snaic

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Quote from: LFC_Bitcoin on May 06, 2019, 11:06:22 AM

$20,000?

Probably around 6-12 months are the halving (which is 12 months from now). I’d say we’ll reach a new ATH between late 2020 & mid 2021.

It’s going to be like a rocket from there though, expect to potentially see $100,000 per coin by 2022.

By the end of 2021, we may see a bitcoin price of $ 20,000. However, we may not see the price of 100,000 dollars for a very long time or not at all. Even if the cryptocurrency will continue to develop well and enter our lives, at the same time it is necessary for Bitcoin to maintain its competitiveness. Now we can not say that Bitcoin fully meets the criteria of the leader of cryptocurrency. New coins and tokens are developing very quickly, which cannot be said about Bitcoin itself.

kingcolex

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Quote from: pawanjain on May 06, 2019, 12:29:51 PM

Quote from: bobsav2121 on May 06, 2019, 10:59:44 AM

With the massive price surge over the last month or so, how long do you guys think we need to wait for BTC to get to 20K? Realistically speaking...

These guys touch some nice topics that must happen if we want to get to see BTC at $40,000:

https://cryptotradernews.com/cryptocurrency/bitcoin-the-path-from-4000-to-40000/

Massive price surge ?? Where ?? When ??
Moving from the price of $3500 to $5500 is not a "Massive price surge" at all. This had to happen since bitcoin was in a relatively long bearish trend.
It took bitcoin almost a year and a half to come out of the bearish trend. Even now we can guarantee that the price won't return to the sub $3000 level.
Though the chances for going down are quite low, it would be better if we hold on to these high speculation topics for a while until bitcoin recovers at least half of what it lost.

It's definitely felt like more of a correction out or bear territory where it went lower than it should have.

okala

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It very hard to predict bitcoin price and when it will reach $20,000 but with the recent happening in the market I don't think it will take long before that will be achieved, if I must predict may be 4-6 months from now. Just like what happen in the price of bitcoin in 2017 at the early period the market was moving gradually but towards the middle of the year the price skyrocket, so we can expect that same trend in this year.

Genemind

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This has happened before. I don't think if Bitcoin would repeat the same path and history again.
If Bitcoin would rise continuously with at least a thousand or more every two weeks, $20k wouldn't be hard to reach by the end of the year. Time will tell but if there would still be more massive adoption, Bitcoin would surely soar higher more than what we speculate.

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: Beerwizzard on May 06, 2019, 12:17:40 PM

Quote from: TimeBits on May 06, 2019, 11:39:58 AM

read the first line, stop trading it to fiat you fools, has satoshi?

So you think that so stupid that all of them couldn't switch to the same currency at the same time?
Everything is a commodity and even money is a commodity. So one kind of money can be traded to another one just as we trade some other goods so there shouldn't be any problems about that. But anyway you would still have to pay the BTC equivalent of fiat price so we still got fiat money in charge.

It's of course always going to be pegged in our minds to how much one buys and that will be equalled in thoughts to whatever we get paid in to work (aka fiat)

klaaas

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1k rise per month from here wont do it to make it happen this year. Best hope would be a trending interest when the price rises to push it harder but the more pressure the more bears on the road.

pawanjain

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Nothing lasts forever

Quote from: bobsav2121 on May 06, 2019, 10:59:44 AM

With the massive price surge over the last month or so, how long do you guys think we need to wait for BTC to get to 20K? Realistically speaking...

These guys touch some nice topics that must happen if we want to get to see BTC at $40,000:

https://cryptotradernews.com/cryptocurrency/bitcoin-the-path-from-4000-to-40000/

Massive price surge ?? Where ?? When ??
Moving from the price of $3500 to $5500 is not a "Massive price surge" at all. This had to happen since bitcoin was in a relatively long bearish trend.
It took bitcoin almost a year and a half to come out of the bearish trend. Even now we can guarantee that the price won't return to the sub $3000 level.
Though the chances for going down are quite low, it would be better if we hold on to these high speculation topics for a while until bitcoin recovers at least half of what it lost.

kingcolex

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Activity: 254

Merit: 1258

Quote from: bitbunnny on May 06, 2019, 12:13:32 PM

Every time when the price is growing, no matter how little, people start to dream about Bitcoin reaching 20000$ again. Yes, with Bitcoin is everything possible but still I don't like such exaggerated predictions. Look at the market, make some good analysis and make your predictions in some realistic framework. We still have very long way to 10000$ and 20000$ seems like utopia at the moment.

Oh come now, if you've been here for multiple cycles 20,000 is not some pipe dream and coming quickly. I'd be surprised if we not at 20k in under 2 years.

Beerwizzard

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Quote from: TimeBits on May 06, 2019, 11:39:58 AM

read the first line, stop trading it to fiat you fools, has satoshi?

So you think that so stupid that all of them couldn't switch to the same currency at the same time?
Everything is a commodity and even money is a commodity. So one kind of money can be traded to another one just as we trade some other goods so there shouldn't be any problems about that. But anyway you would still have to pay the BTC equivalent of fiat price so we still got fiat money in charge.

bitbunnny

legendary

Activity: 2912

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WOLF.BET - Provably Fair Crypto Casino

Every time when the price is growing, no matter how little, people start to dream about Bitcoin reaching 20000$ again. Yes, with Bitcoin is everything possible but still I don't like such exaggerated predictions. Look at the market, make some good analysis and make your predictions in some realistic framework. We still have very long way to 10000$ and 20000$ seems like utopia at the moment.

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