Reason behind the Bitcoin price could reach $50,000 in 2020

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Quote from: Free1bitco.in on May 11, 2020, 01:19:03 AM

this is only limited to speculation. in fact, there are still many people who are optimistic about the price of bitcoin to rise to the top level. however, until now, the price of bitcoin hasn't even hold up to the price of $ 10,000. to be honest, I am optimistic that the price of bitcoin this year can reach more than $ 15,000, it's just that for $ 50000 is still something quite impossible.

There are still many who continue to speculate about the price of bitcoin even I saw on local news that the price of bitcoin can go up 10x after halving, I can't justify this because it's also difficult in a state of crisis like this bitcoin can go up 10x.

But optimism still has to be because we are sure that bitcoin will rise as well because this is good news about halving but to make up for what number it cannot be ascertained because it is difficult severe experts also always miss to predict the price of bitcoin.

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Quote from: Free1bitco.in on May 11, 2020, 01:19:03 AM

Quote from: monineklutak on May 09, 2020, 04:02:27 PM

$ 30000, $ 50000? even $ 100,000 for the price of Bitcoin we can still see, but time can only answer it, we can only wait, and if Bitcoin goes to $ 0 then you can also only see, after halving, of course miners will lose if the price of Bitcoin doesn't grow, think this and see what happens

this is only limited to speculation. in fact, there are still many people who are optimistic about the price of bitcoin to rise to the top level. however, until now, the price of bitcoin hasn't even hold up to the price of $ 10,000. to be honest, I am optimistic that the price of bitcoin this year can reach more than $ 15,000, it's just that for $ 50000 is still something quite impossible.

You may forget that bitcoin has reached $10.000 barrier a few days ago and now its price has been experienced a correction. Maybe a few day ahead its price will reach $15.000 and even it will touch the past all time high. We should remember that the miner will only get 6.24 bitcoin if they succeed to one block and as we know the cost to build a mining system need a lot of money so I think it is reasonable if they try to sell bitcoin at the high price and will make its price continue to increase.

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the reason is very precise, prices will definitely go up in 2021 or 2022, now miners only get fewer Bitcoins from years ago, and miners also certainly believe the price of Bitcoin will be more than $ 19,000, so why don't we believe it? Wink

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Quote from: monineklutak on May 09, 2020, 04:02:27 PM

$ 30000, $ 50000? even $ 100,000 for the price of Bitcoin we can still see, but time can only answer it, we can only wait, and if Bitcoin goes to $ 0 then you can also only see, after halving, of course miners will lose if the price of Bitcoin doesn't grow, think this and see what happens

this is only limited to speculation. in fact, there are still many people who are optimistic about the price of bitcoin to rise to the top level. however, until now, the price of bitcoin hasn't even hold up to the price of $ 10,000. to be honest, I am optimistic that the price of bitcoin this year can reach more than $ 15,000, it's just that for $ 50000 is still something quite impossible.

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$ 30000, $ 50000? even $ 100,000 for the price of Bitcoin we can still see, but time can only answer it, we can only wait, and if Bitcoin goes to $ 0 then you can also only see, after halving, of course miners will lose if the price of Bitcoin doesn't grow, think this and see what happens

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Quote from: stadus on May 09, 2020, 05:21:04 AM

This is normal to the crypto space, once the market is bullish, we will again see a lot of bullish prediction but what we have to do here is just to remain realistic all the time, I am not saying $50,000 isn't realistic but IMO, it's chance of being achieve is unlikely this year, I am okay with $20,000, that would be a new ATH I guess.

Obviously there is no way that the price could be 50k this quickly, we are already on 5th month and in order to move from 10k levels to do a x5 and reach the 50k price mark we would need a lot of money, and I mean A LOT, like over 100 billion dollars thrown into the bitcoin world. Look at all the sales happen on average and look at all the buys on average.

Definitely there is also a chance that sellers will stop selling, that way we do not require this much money go into bitcoin and only require people to stop selling, but if the sellers keep on selling the same way they sell, we need about 700 million dollars bought into bitcoin everyday for the rest of the year to reach at that level. I do not see that happen at all, that is just way too much money to go into bitcoin alone.

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For those who didn’t notice, the OP posted links to articles dated October 2019 and January 2020, which means long before the pandemic happened. I think that therefore their speculations should be seen in the context of people who could not take into account what happened and the consequences that are yet to come.

I can refer to the video presentation of the young Trenchev on Bloomberg, and as some others have noticed it is more than obvious that it is PR (watch the video to the end), with classic comparisons of Bitcoin to gold, halving is coming stuff and rise of US dollar vs reich mark in 1920 Roll Eyes

I don't see why a BTC wouldn't be worth $50 000 at one point, that's a pretty affordable price considering we should reach a market cap of just $1 trillion for that. This is also one of the theses to which this price is related compared to the gold market cap which is about $9 trillion.

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This is normal to the crypto space, once the market is bullish, we will again see a lot of bullish prediction but what we have to do here is just to remain realistic all the time, I am not saying $50,000 isn't realistic but IMO, it's chance of being achieve is unlikely this year, I am okay with $20,000, that would be a new ATH I guess.

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The fact is that from year to year the macroeconomic situation in the world is only getting worse. Many countries, under the leadership of their short-lived government, issue more and more national currency, which inevitably leads to their depreciation. Against this background, cryptocurrency is becoming more valuable along with gold, especially with bitcoin. therefore, the value of Bitcoin will increase in the future anyway. but I am also concerned about the fact that almost 80% of all Bitcoins were bought at a price much lower than they are today and if the price reaches a certain level, then there is always a certain risk that the owners will try to sell it in large quantities.

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Quote from: cryptoaddictchie on May 06, 2020, 10:42:09 PM

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

It's true ... The market is now even more unpredictable than it was. I know after myself. I plan a larger investment in BTC but the economic situation has thwarted my plans. I think not only I think so ...

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That hope is hanging on the tin air. Yet, some people would speak that way as they think that people would make it believe that Bitcoin is really on that flew. Because to be honest, $50k is really far from happening and I do hopes that newcomers will think differently and not bothered by how people get desperate. If we know the situation, definitely we can tell where we are now and knows the capability of the market.

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Quote from: Fundamentals Of on May 07, 2020, 03:53:17 AM

Another thing, if someone is promoting a different project while predicting Bitcoin's price this way, his project will most likely fail.

Most likely too that the project can fail because people would see it as bidding under to project something not real. Why don't the Op come up clean rather than projecting the price of bitcoin as if their were no speculation board or we all don't understand bitcoin will moon after halving.

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China is testing the use of digital currency. There, Starbucks and McDonalds buyers will be allowed to pay in RMB. There are also more than 70 financial sector companies in China, and each of the 4 state-owned banks are introducing blockchain-based applications. Info taken from StormGain digest

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Quote from: sandra_x on May 07, 2020, 08:00:23 AM

Most of the very optimistic predictions about the price of bitcoin hitting the roof were often without tangible data to back them, just wild guesses. I personally do not see bitcoin hitting 50,000 USD this year. The rise in price of bitcoin is only going to be gradual and will take a while,

Yeah, there is nothing wrong with being optimistic but at least considerate being a realist too, coz too much optimism might just disappoint you. We can all agree that the price of bitcoin is high, market dominance is above half, the All Time High is as good as ever but having a price prediction of $50,000 is just as bad as fud. The halving might be good this year, or not but I don't think it will be the reason to reach the price of $50K, never.

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Quote from: BitcoinsGreat on May 07, 2020, 08:35:13 AM

Although many people are claiming the bitcoin will reach 50,000$ in this next halving but i will be happy if it will reach 24,000$ this year. I think this is a realistic number and bitcoin can reach this by December of this year.

I am sure people who bought bitcoin at 2017-2018 would be glad to see $20k-$22k if that is happening because they already bought bitcoin at the highest price, and they hold for a long time. If the price can increase to that price, they can recover they're lost before plus people can make a profit from bitcoin which they are always waiting. Bitcoin can reach $50k at the end of this year, but that would need more support to lift the price to that price. Well, we can wait for that, and if the price really increases so high, then that will be a good moment to make a huge profit for people who have much bitcoin.

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I am confident that it will reach $100,000 during the next bull run, that said I can't say when it will happen.

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Quote from: cryptoaddictchie on May 06, 2020, 10:42:09 PM

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

Although many people are claiming the bitcoin will reach 50,000$ in this next halving but i will be happy if it will reach 24,000$ this year. I think this is a realistic number and bitcoin can reach this by December of this year.

DevilSlayer

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Expect your expectations, it is not mean that the article that you posted is a fact; it is just a speculation after all so we should not believe on what others say. There are too many speculators and there are many predictions all over the internet, for those who will believe on what they say; you are just affecting your mental health because you are becoming hyped. We cannot just believe on what will they say because it is just a opinion and they can be wrong. If you want to protect, do not believe to humors and predictions.

I experienced to lose huge amount of money before because of the rumors and prediction of the other who are self proclaimed gurus. There is a saying that it is good to learn with the mistakes of other in order for you to protect your capital. That speculation can considered as not achievable especially today where we are still experiencing recession.

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Quote from: cryptoaddictchie on May 06, 2020, 10:42:09 PM

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

Hahaha just let them dream whatever they want we all know that sooner or later reality would wake them up.
No matter what they say I don't think that BTC could really hit a high price this year after all of the crisis that is happening it would really be hard to rise up.
The economy would take some time to recover so does the people so it would take some time before we could see the price going crazy again.

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Most of the very optimistic predictions about the price of bitcoin hitting the roof were often without tangible data to back them, just wild guesses. I personally do not see bitcoin hitting 50,000 USD this year. The rise in price of bitcoin is only going to be gradual and will take a while,

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I just red an interview about halving and its affect. No one shouldn't expect a 100K after day of halving.

https://www.thinkingcrypto.com/interview-mark-yusko-ceo-of-morgan-creek-capital-markets-economy-bitcoin-crypto/

Mark Yusko said same thing like me. Halving will take effect in a while but it is not right to wait for it in a few days.

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Dream on, people!
It's good to see positive predictions but I prefere those who have at least some ground in reality.
50000$ is pure exaggerating and to my opinion it's not likely to happen. Don't think that every time when Bitcoin price starts to rise that it will reach enormous hights. This takes time, positive trends and continuous, steady growth. Currently there are no conditions for something like that.

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I think that this price will be or can be reached in the end of the year 2021.

Here is my reasons why I think we will get to that amount.It is because of halving.In 2012 the first halving happened and after that we see a lot of fluctuations going back to November 2013 when we had the first bitcoin strike.Next halving was in 2016 which was followed with fluctuations until we reached 20000 Usd in the end of 2017.Now we are in May 2020 where we expect halving after a few days and I think fluctuation will happen which hopefully will be followed by 50000 Usd in the end of 2021.

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We can not entirely rule out the possibility of btc reaching the predicted amount because looking at this past few days, btc have perform well, some will say it is because of the upcoming halving but let's be positive, even though not up to 50k but I feel btc will do great before yeah end,
The situation of the virus will improve and the economy will recover and so is crypto market.

Taskford

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It's another dream by those people who think they can earn by spreading fuds over the internet since imagine this OP how could the bitcoin go at $50k price while if you look at the situation right now you can find that the market is struggling so much from global recession and do you think its easy to recover after this thing ends?

For sure no so better step on reality and stop listening to those idiots around.

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Another thread regarding the price of Bitcoin within the next years Cheesy

.

I will repeat what I always say, these prices have the possibility to be reached but the chances of it are pretty slim right now (around 5-10% for me). We are at the $9000 right now and the first half of the year is almost done already. $50,000 within this year is possible but the chance are around 1-2%

isaac_clarke22

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50k? That's quite crazy, unless there's like a sudden spike upwards in the price.
BTC is kinda stuck right now in above 9.2k. We're getting steady increases, and from that steadiness I don't think that getting even half of 50k would be possible.
Regardless if the speculation is for hype or whatsoever, I don't mind what the prediction is. As long as opportunity to buy arrives, I would.

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Not going to deny that it's "easy" to see how 50k could be achieved, if 3.6k was the best a crash could do, but I'm still going to wait for the second wave of global recession to hit the markets. When (not if) stocks finally give way to that, and we see all the repercussions come out of that, I'll be watching Bitcoin price, and so will most other investors I believe.

I'm guessing resilience, rather than boom.

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Quote from: PointHope on May 07, 2020, 05:57:53 AM

For BTC to hit 50k we would need to see a market cap of about one trillion.

More than 1 trillion is a good guestimate here.

Considering that the halvening price is in, I doubt that we will see another money coming in. Unless there is FOMO and institutional and retail investors and more fresh blood pump the market again.

Quote from: PointHope on May 07, 2020, 05:57:53 AM

Considering the trillions upon trillions being printed out of nothing it is hardly a stretch of imagination for BTC to have trillion market cap fairly soon.

Possible, but it might take years to get to a new all-time-high. We will see a lot of bumps along the way, similar to 2016-2017 bullish ride.

online73

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Hello everybody. We can now name many reasons for the rise in the price of bitcoin at $ 50,000, but so far there is no general regulation of the cryptocurrency market, here is the master and god, is a market maker. It will be profitable for him to drag the price of $ 1,000, he will find the reason, the price of $ 50,000 will be more profitable - we won’t even have time to say a word. Therefore, I just suggest relaxing and having fun.

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He sees the same thing we see, we ain't blind, so there is no need to speculate on our behalf, lots of people have come in with their own ideas and speculations and all , for 2020 we actually see lots of reason beyond he's own scope proving that bitcoin will have a new new, and i mean really new high this 2020. he's speculation is just based on what we all see currently.

Eugenar

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This topic has been discussed always as we are started the bitcoin halving. There are many speculation about the price of the bitcoin but none of them can say the accurate price of the bitcoin for this year because no one can predict it. $50000 is really high and it is reachable by the bitcoin but I think it won't happen this time because we ars still experiencing this pandemic virus which is one of the reason why the price of the bitcoin goes down before.

The incoming price of the bitcoin is unpredictable so do not believe on those people who do prediction about the price of the bitcoin in this bitcoim halving.

PointHope

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For BTC to hit 50k we would need to see a market cap of about one trillion.

Considering the trillions upon trillions being printed out of nothing it is hardly a stretch of imagination for BTC to have trillion market cap fairly soon.

sunsilk

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It's on bloomberg and this live interview was few months ago. I think it's a good exposure that he actually talked about bitcoin but can't also remove the fact that it's also to advertise his service. I'm all in for bullish with bitcoin.

In 2017, everyone most likely didn't expected that bitcoin can reach $20,000. That year started with $960 and then by eoy, it has shown the bull run then followed by a quick correction although, overall that run for that year was greatly bullish. Possible to happen again but the majority's sentiment for bullish run is for 2021.

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Quote from: pooya87 on May 06, 2020, 11:04:20 PM

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.

It's a smart move, actually, as now both you and I and many others have heard of 'Nexo', which would otherwise be unlikely. Another step he could take is proclaim himself 'Satoshi Nakamoto', this also seems to boost popularity of no-names (short-term, at least).
As for the prediction, it's not a reason at all. One guy thinking it might get there is not a valid explanation of why it should be this way. However, it doesn't mean that Bitcoin won't reach $50k by the end of the year. I think it's possible, but it has nothing to do with this guy or with Bitcoin being outperformed only by 2 cryptos (I've never heard of LINK btw).

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Quote from: Swapzone on May 07, 2020, 03:45:47 AM

I think this is highly unlikely speculation.

Yeah and must be moved to different section here https://bitcointalk.org/index.php?board=57.0 and there is where the place must more talks about this same topic again .

Quote from: Shame_Game on May 07, 2020, 04:22:05 AM

No matter what the reasons may be, the price of bitcoin is spontaneous.

and only needs time to happen,the more you eager the more you wont get any good result so in the end?still Holding is the best way to to profit here.

Quote from: imstillthebest on May 07, 2020, 04:15:27 AM

this is nice . many bad news ive heard left and right recently but seeing good news like this makes me easily forgot them and forgot my problems .

News cannot make market move now as the days have gone for the same style of propaganda .

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No matter what the reasons may be, the price of bitcoin is spontaneous.

imstillthebest

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this is nice . many bad news ive heard left and right recently but seeing good news like this makes me easily forgot them and forgot my problems .

i think after this , ill be headed on the store again to cash in and buy more btc . in preparation for the year end . if not because of corona virus i think the price 50k can be easily achieved by the middle of the year while people can speculate more than 50k usd by before the year end . still 50k usd is a great amount imo

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Quote from: Fundamentals Of on May 07, 2020, 03:53:17 AM

While everybody seems to be praying for Bitcoin to rise, I don't think someone is actually saying "make it $50,000 this year oh god." Do you know why? Because they think that if they ask that, it will not be granted to them. Lol.

Another thing, if someone is promoting a different project while predicting Bitcoin's price this way, his project will most likely fail.

I have encountered so many similar projects and often they are bad or scam projects. There are greedy people here, so the whales will often launch good news about bitcoin so they can buy it at a price higher than the real value of bitcoin. then only whales are profitable when they buy at a low price and sell at a high price. In crypto market, people should not expect too much about the strong pump of the same market in 2017. The golden age is only 1 time and those who are still dreaming will often be eliminated. Be realistic so as not to lose money. Grin

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While everybody seems to be praying for Bitcoin to rise, I don't think someone is actually saying "make it $50,000 this year oh god." Do you know why? Because they think that if they ask that, it will not be granted to them. Lol.

Another thing, if someone is promoting a different project while predicting Bitcoin's price this way, his project will most likely fail.

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I think this is highly unlikely speculation.

QueenVera

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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.

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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.

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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

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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

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