New year and forecasts | Bitcointalksearch.org

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legendary

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Quote from: Slow death on January 02, 2020, 12:35:42 PM

Bitcoin price will crash below 1k in 2020 zengo ceo jokingly predicts

Source: https://cointelegraph.com/news/bitcoin-price-will-crash-below-1k-in-2020-zengo-ceo-jokingly-predicts

This may have been a joke, but if everyone follows the bitcoin-related news channels they must have read a lot of price forecasts made in 2019 that didn't come true. For this year we have Bitcoin halving in May (for those who want to follow this event: https://www.bitcoinblockhalf.com). What is the most realistic price bitcoin can reach for this year? I will be the first to forecast:

In my opinion the price will reach $15000 this year

actually I also have a question, why does the price drop like that when halving will arrive?
Well, however, regarding speculation, I assume that the price of bitcoin will reach a high price. I even feel that the price of bitcoin can exceed $ 13000 because that is the highest price in 2019. So, I think that this year the price of bitcoin can reach a higher price because of the many developments that occur in the coming days.

Slow death

legendary

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Wow the price increased a lot and as expected the forecast guys decided to appear on the news channels:

Ronnie Moas and Vinny Lingham come to blows over 20k bitcoin bet

Now that the price is rising a lot, all analysts are optimistic, but when the price drops a lot everyone made very dark predictions. I start thinking that analysts are playing guesswork

el kaka22

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The major events last year were libra+bakkt, people never realized it but those increases were because of the upcoming halving+bakkt moves plus even a bit of libra news, you think that people who get prepared for halving or bakkt only buys it at the exact date of those things?

If anyone of you here think that the second halving happens price will go up, you have no idea how markets work and should sell all your bitcoins and live a fiat life. That is why the real deal is this year will have no events, this years increases or decreases will be for no reason, all events you see in 2020 already considered in the current price already, however thinks "bitcoin price may go up after halving" already bought their coins anyway, so whatever happens now all will be for 2021 and not right now.

suzanne5223

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Quote from: hulla on January 05, 2020, 02:02:09 PM

Guys the prediction is not real here is the evidence

As i have once said in one of post something needs to be done to penalize people that give out false information about the crypto market because the crypto sphere dont joke with every news that have to do with the market future price and some people might have sump their holding due to this false statement made by the Zengo boss.

buwaytress

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Quote from: 1Referee on January 03, 2020, 07:49:17 PM

It might look good, but all we did is have a minor increase to test the downwards sloping resistance of the descending triangle we're in. We have thus far not managed to close a 4H candle above it, which seems pretty indicative of sellers happily selling that most likely to be top. We will likely see a break before the end of next week. These patterns are bearish so don't be shocked to see the price dump to low $6000's.

Positive note is that we yet again have hit an all time high in hashrate, which could be an indication that miners for now are done dumping and thus there is less selling pressure. In case the descending triangle has a bullish breakout, low $8000's is a realistic next target. We'll see how it goes.

It's pretty strange I got to say, the technicals are really still quite firmly bearish, the 6800 bounce was expected, but we should have seen another serious retest of 7200 support -- which we did not. Also pretty cool seeing Sunday action back to familiar buyer territory, so far, anyway. American east coast is up now and they do seem keen on presenting Tokyo with a 7500 support level from the action I can see going on right now.

ATH hash rate, ATH Segwit, LN starting 2020 strong. All things to challenge TA!

hulla

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Quote from: Lucius on January 05, 2020, 11:32:02 AM

Quote from: piebeyb on January 05, 2020, 09:04:20 AM

why should $ 1,000 why not predict to $ 0, it is more likely whether he wants to buy when it falls at a price of $ 1000...

It was just a joke, nothing more than that, you just have to read a little further than the title.

Speculation is ultimately just speculation, and should not be taken too seriously, especially if it's just jokes. I think people are expecting too much from 2020, just because halving is going to happen. But that is unlikely to cause any drastic changes this year, at least judging by the first two halvings. Although it is quite difficult to speculate about something as volatile as BTC, I do not believe that the price can remain at this level for a long time. Accordingly, I hope there will be a positive period after halving and that the year could end with a price of between $12 000 - $15 000.

Our desires are one thing, but the reality is something else - be prepared for the bad things too, wars, a possible recession, big exchange hack and other things that are a big unknown in a rather complicated equation.

Yes, speculation are always guessing method in another words gambling but to be honest i totally hate the expensive joke the Zengo CEO ost on Twitter because it will mislead a lot of newbies including some high ranking members who can't go deep in the issue and my prediction for the end of this year bitcoin market is $19000.

Guys the prediction is not real here is the evidence

posi

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Quote from: Gozie51 on January 05, 2020, 10:29:14 AM

Quote from: samcrypto on January 02, 2020, 07:56:40 PM

I’m preparing for the best price and a worst case scenario, everything is possible. That crystal ball can tell the truth or a lie, and bitcoin is still depend on the news, demand and supply. If the halving can’t bring good prices, then we might see the real bottom of a new decade, just be ready for that and still hope for the best.

I'm not looking at worst case scenario in this year. I'm expecting that price will increase. At least for the past 3 years or so, we have had low price and very low price from what we got use to , back down to $3k.

The expectation of halving is capable of shooting price up. So I'm optimistic for price increase.

I'm not looking or preparing for the worse scenario because the crypto market always make a new ATH once the bitcoin halving effect take over the market and i strongly believe Zengo CEO prediction is not what will determine the future trend of the bitcoin market. Besides, prediction are always 35% right and i also believe Zengo and the rest that predicted bitcoin market to experience worse occasion are using LTC halving result to compare bitcoin upcoming halving.

Lucius

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Quote from: piebeyb on January 05, 2020, 09:04:20 AM

why should $ 1,000 why not predict to $ 0, it is more likely whether he wants to buy when it falls at a price of $ 1000...

It was just a joke, nothing more than that, you just have to read a little further than the title.

Speculation is ultimately just speculation, and should not be taken too seriously, especially if it's just jokes. I think people are expecting too much from 2020, just because halving is going to happen. But that is unlikely to cause any drastic changes this year, at least judging by the first two halvings. Although it is quite difficult to speculate about something as volatile as BTC, I do not believe that the price can remain at this level for a long time. Accordingly, I hope there will be a positive period after halving and that the year could end with a price of between $12 000 - $15 000.

Our desires are one thing, but the reality is something else - be prepared for the bad things too, wars, a possible recession, big exchange hack and other things that are a big unknown in a rather complicated equation.

danherbias07

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I love it more when they say it is not a joke. That will be more funny.

As of my own prediction, it might stabilize at $8-10k. It might stay that way even after the halving.
People will buy, that is a truth. They are just waiting for the right time.
Now, if this $7k will not go down anymore then they will forced to buy making demands higher again.

It will not exceed to like 5k of increase but 1k will be more realistic.

Gozie51

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Quote from: samcrypto on January 02, 2020, 07:56:40 PM

I’m preparing for the best price and a worst case scenario, everything is possible. That crystal ball can tell the truth or a lie, and bitcoin is still depend on the news, demand and supply. If the halving can’t bring good prices, then we might see the real bottom of a new decade, just be ready for that and still hope for the best.

I'm not looking at worst case scenario in this year. I'm expecting that price will increase. At least for the past 3 years or so, we have had low price and very low price from what we got use to , back down to $3k.

The expectation of halving is capable of shooting price up. So I'm optimistic for price increase.

slashz9

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after all it's just a prediction of why we have to really believe it some people also say bitcoin will reach 1 million dollars by the end of 2020 which sounds impossible for now. so let's think of it as entertainment don't take it too seriously.

jhonjhon

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No one really know what is going to happen this year, the 1k predictions may be a joke but who knows, we don’t know after halving me might experience a very low price though we are not sure to what extent it will go. This new year can either give miracles to the other way around we should be ready all the time because we don’t hold the future thus, might as well make the most of what we have while it last.

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Quote from: SummerBliss on January 05, 2020, 09:08:39 AM

I am glad how market is still not ready to give up to bears. It is successfully maintaining the price range above $7k and bears are losing their hold. A good sign for bulls and if they push enough, price can easily go to $9k as there aren't many strong resistance till $9k if the one at $7500 is broken. I am just waiting for it to breached.
This year on the whole can be profitable due to the halving as well.

I don't even think the bears are even holding the market anymore. 2019 for has been a good year in spite of us going down from above 10k. If you consider how we started that year, this is more than a decent improvement. If we can sustain this kind of movement for majority of 2020, i think there's a good chance of breaking 10 to 12k. I'm not even thinking about all time highs here. It probably will take another year or two before we get to that point again.

Faxmate

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Quote from: naikturun on January 05, 2020, 07:54:08 AM

yes we should not believe too much in predictions or such because it will not really happen.
so just respond appropriately, and also this year there will be lots of new news about crypto, hopefully that gives good news.
hope no more big crash in this year Cry

well prediction means a forecast about something, it does not means that the prediction is real statement, it may be true or false but here the fall of bitcoin to only $1k is very much impossible, it is all about to afraid the members and make them to sell in panic, but i hope that this year will bring something good and new, and the price will not fall.

SummerBliss

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I am glad how market is still not ready to give up to bears. It is successfully maintaining the price range above $7k and bears are losing their hold. A good sign for bulls and if they push enough, price can easily go to $9k as there aren't many strong resistance till $9k if the one at $7500 is broken. I am just waiting for it to breached.
This year on the whole can be profitable due to the halving as well.

piebeyb

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why should $ 1,000 why not predict to $ 0, it is more likely whether he wants to buy when it falls at a price of $ 1000, if $ 0 I will give it free for him, many predictions say prices will bleed again in 2020 and drop dramatically, was 2 years ago it's not enough for the bloody market for bitcoin and crypto, it looks like it seems like crypto experts and experts missed out on buying at $ 3,000 that time so they expect it again, I bet they force the market to go down once again, I can only give the middle finger to those who say bitcoin prices will go down and bleed for 2020 - 2021, stop other stupid plays Grin

Eternad

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Quote from: naikturun on January 05, 2020, 07:54:08 AM

yes we should not believe too much in predictions or such because it will not really happen.
so just respond appropriately, and also this year there will be lots of new news about crypto, hopefully that gives good news.
hope no more big crash in this year Cry

I stop looking at predictions, will not do it again this year. Will just watch how the candlesticks in graphs will react and perform or better will just focus in trading that waiting too much in terms in altcoins.

naikturun

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yes we should not believe too much in predictions or such because it will not really happen.
so just respond appropriately, and also this year there will be lots of new news about crypto, hopefully that gives good news.
hope no more big crash in this year Cry

sisule

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Quote from: bitbunnny on January 04, 2020, 04:17:21 PM

Quote from: lionheart78 on January 04, 2020, 12:53:21 PM

Quote from: Slow death on January 02, 2020, 12:35:42 PM

In my opinion the price will reach $15000 this year

It is very possible. Bitcoin goes up to $14k last year without any major event being announced so why would it not reach $15k due to halving. We all know that halving often gives the market a great hype and history had shown that BTC price goes up before and after the halving event. Investors think that due to halving of the block reward, Bitcoin became more scarce and that means more demand and less supply. With this in mind FOMO may possibly break out pushing the price of BTC higher.

At the current moment 15000$ looks very far away although it's not impossible. The year has just begun and there is plenty of time for price to grow but I don't think that halving will be trigger for price pump. It might have positive effect but that will probably only be temprary and it will not be so significant. If price reaches 15000$ to my opinion that might happen in the second part of year.

Bitcoin raise above $15000 I think needed one year and last December 2020 become true if bitcoin keep stable with higher price, but when bitcoin always with lower price maybe many loss hope for bitcoin raise above $15000, for bitcoin raise above $10,000 in this months maybe possibility and have big chance with issue of bitcoin halving.

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Quote from: lionheart78 on January 04, 2020, 12:53:21 PM

Quote from: Slow death on January 02, 2020, 12:35:42 PM

In my opinion the price will reach $15000 this year

It is very possible. Bitcoin goes up to $14k last year without any major event being announced so why would it not reach $15k due to halving. We all know that halving often gives the market a great hype and history had shown that BTC price goes up before and after the halving event. Investors think that due to halving of the block reward, Bitcoin became more scarce and that means more demand and less supply. With this in mind FOMO may possibly break out pushing the price of BTC higher.

At the current moment 15000$ looks very far away although it's not impossible. The year has just begun and there is plenty of time for price to grow but I don't think that halving will be trigger for price pump. It might have positive effect but that will probably only be temprary and it will not be so significant. If price reaches 15000$ to my opinion that might happen in the second part of year.

Topic: New year and forecasts (Read 453 times)