Topic: Reason behind the Bitcoin price could reach $50,000 in 2020 - page 3. (Read 506 times)
I think this is highly unlikely speculation.
Why do we keep making this speculators more popular by discussion their price speculation like they're some god or what. Anyone can make a speculation of bitcoin price based on how it'll favours them. They're not different from the accounts created on the forum for the purpose of guessing what the future price of bitcoin will be. Sometimes I begins to think these prediction are done intentionally to manipulate the market into a bullish trends as newbies begin to FOMO itno the market hoping to profit which isn't healthy to some extent to the steady growth of the industrial.
this seems to me like yet another idiot who has started a cryptocurrency related service who is not trying to advertise their crappy service by talking about bitcoin's price and reporting random positive prices just to be repeated all over the social media and have their "brand name" heard.
Here we are again those expert on crystal balls are speaking of their wild guess just because the price is slowly increasing
I can see that BTC is gradually moving its pace as we approach halving but reaching 50k$ soon or even this year would not be happening. The crisis all over thr world is still ongoing and evej though a lot of people wanted to invest to rise demand, there are still people who needed to allocate their funds somewhere. Also we will experience a series of dumps before even going to bullish season first.
Id rather see myself what its direction for the next few months than listening to these self proclaimes analysts
I can see that BTC is gradually moving its pace as we approach halving but reaching 50k$ soon or even this year would not be happening. The crisis all over thr world is still ongoing and evej though a lot of people wanted to invest to rise demand, there are still people who needed to allocate their funds somewhere. Also we will experience a series of dumps before even going to bullish season first.
Id rather see myself what its direction for the next few months than listening to these self proclaimes analysts
While the Bitcoin price was on the decline for the second half of 2019, the reality is the crypto asset still roughly doubled in value over the course of the entire year. In fact, there were only two major cryptocurrencies that outperformed Bitcoin in 2019.
Source: https://www.forbes.com/sites/ktorpey/2019/10/22/these-are-the-only-2-major-crypto-assets-outperforming-the-bitcoin-price-this-year/
Nexo co-founder Antoni Trenchev told Bloomberg’s Matt Miller why he thinks the Bitcoin price could continue to rise to the $50,000 mark in 2020.
Source: https://www.bloomberg.com/news/videos/2020-01-03/bitcoin-could-go-to-50-000-by-end-of-2020-says-nexo-s-trenchev-video
“I think that, very easily, we could see Bitcoin going up to $50,000 by the end of this year,” said Trenchev.
Trenchev’s Nexo platform allows users to borrow fiat currency against their cryptocurrency holdings. According to Nexo’s researchers and analysts, a massive rise in the Bitcoin price could occur due to the upcoming halving event. A halving event in Bitcoin is when the amount of Bitcoin generated by the network roughly every ten minutes is cut in half. This event takes place about every four years.
Have a great day
Source: https://www.forbes.com/sites/ktorpey/2019/10/22/these-are-the-only-2-major-crypto-assets-outperforming-the-bitcoin-price-this-year/
Nexo co-founder Antoni Trenchev told Bloomberg’s Matt Miller why he thinks the Bitcoin price could continue to rise to the $50,000 mark in 2020.
Source: https://www.bloomberg.com/news/videos/2020-01-03/bitcoin-could-go-to-50-000-by-end-of-2020-says-nexo-s-trenchev-video
“I think that, very easily, we could see Bitcoin going up to $50,000 by the end of this year,” said Trenchev.
Trenchev’s Nexo platform allows users to borrow fiat currency against their cryptocurrency holdings. According to Nexo’s researchers and analysts, a massive rise in the Bitcoin price could occur due to the upcoming halving event. A halving event in Bitcoin is when the amount of Bitcoin generated by the network roughly every ten minutes is cut in half. This event takes place about every four years.
Have a great day
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