Save the date! May 2020 - Bitcoin price will explode ?

r32godzilla

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Quote from: texgeek on September 24, 2018, 12:28:26 AM

Hello guys,

Looking for some "predictions" about bitcoin future i found/remember a good not so new information... and I'm writing this because maybe someone does not know about and have an interest in this information.

Today on a good number of blocks mined using bitcoin blockchain miners got a 12,5 coins, and aparently this will be reduced to 6.25 coins on May 2020, as you can see here https://www.bitcoinblockhalf.com/ and if you want search code on git, you can found also

Im already moving a good part of my investments to bitcoin, first, because i believe on this technology and second, probably will be a very good investment looking long term ( ~2 years.. with this information)

We cannot confirm any value prediction $ .. but bitcoin will be more "rare" (its more hard to obtain one) , and with this "rare" effect the price maybe can be increased.

what do you think guys ?

Yes that's the day about bitcoin halving. Supply of new bitcoins would get automatically reduced to half the volume available now and definitely it would help bitcoin price to increase as bitcoin's price is decided mostly by the market's demand and supply.But we would have to wait for more than 500 days to witness such a high price.

raven7886

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Quote from: BitHodler on September 24, 2018, 06:10:54 PM

Quote from: pitiflin on September 24, 2018, 10:21:32 AM

And even if it does, bitcoin might never go back to 20k$,let alone 100,000$ and I million. Because the global economy won't be able to survive a currency that is so volatile,and is widely spent, other currencies or even economies might collapse to it.

Bitcoin won't remain volatile for ever if it actually becomes a widely used medium of exchange and store of value. I can totally see a point at which Bitcoin will end up following gold in terms if stability.

I don't think we'll ever be able to expect anything more than that. Bitcoin currently is too speculative, too small, too thinly supported with liquidity, and so forth. All factors contributing to insane levels of volatility.

Once all these factors are dealt with, which might take 5-10 years, we'll be looking at a whole different asset. Some people might not think Bitcoin is capable of reaching that state, but that's their problem.

It requires an open mind to allow potential scenarios to develop. Saying no to everything is a guaranteed way to not book any progress in life.

Sure, a time will come with wide usage in which we might get to see some good level of equilibrium.

Although, it is not like it is going to totally halt the volatility, but at least it will be reduced to a very good point with wide level of usage, but before then, I am sure the price would have skyrocketed to a huge level and things would have turned out to be different than it is now.

Moreover, some people may want to look at the future, like you said, it is their problem but as far as some of us are concerned, the future is a lot worthy to wait and be patient for.

CelebratingBTC

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Quote from: Thanasis on September 25, 2018, 02:57:10 AM

The mining difficulty and lessen rewards maybe a reason for the prices to explode but there is no exact reason that the prices will be high at that time but hopefully it will be high since the price of bitcoin keeps increasing over the years so we have two years time frame in that time we may have the bitcoin prices somewhere around $100K or $100. Tongue

It all depends on the people's adoptions and governments regulation.

In my opinion there is just one reason for price explodes in the coming years and that is the huge investment cap. If more and more people invest in bitcoin and more countries accept bitcoin as their legal and regular currency the price will automatically go up. 2020 is very far and I hope that the price will be very high in that time, not because of some unnatural thing but due to the time.

sunanbonang

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reasonable predictions, this is market law. if the items are increasingly scarce, the price will become more expensive and vice versa. but this is also inseparable from bitcoin enthusiasts or investors.

DaughterOFbitcoin

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Quote from: Thanasis on September 25, 2018, 02:57:10 AM

The mining difficulty and lessen rewards maybe a reason for the prices to explode but there is no exact reason that the prices will be high at that time but hopefully it will be high since the price of bitcoin keeps increasing over the years so we have two years time frame in that time we may have the bitcoin prices somewhere around $100K or $100. Tongue

It all depends on the people's adoptions and governments regulation.

Just thinking! At this stage of halving we have seen twice in the past (2012 in which we saw a huge increase to about $1000 and then following the 2016 halving with a huge peak we saw afterwards last year.

However, there is still a lot about the market we cannot always predict with the past, and even though previous halving have shown significant impact on the price, it still does not mean it should be an indicator for the future. With all things being equal anyway, I do not believe by then, the price of bitcoin should still be what it is today.

richmcrich

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Quote from: texgeek on September 24, 2018, 12:28:26 AM

Hello guys,

Looking for some "predictions" about bitcoin future i found/remember a good not so new information... and I'm writing this because maybe someone does not know about and have an interest in this information.

Today on a good number of blocks mined using bitcoin blockchain miners got a 12,5 coins, and aparently this will be reduced to 6.25 coins on May 2020, as you can see here https://www.bitcoinblockhalf.com/ and if you want search code on git, you can found also

Im already moving a good part of my investments to bitcoin, first, because i believe on this technology and second, probably will be a very good investment looking long term ( ~2 years.. with this information)

We cannot confirm any value prediction $ .. but bitcoin will be more "rare" (its more hard to obtain one) , and with this "rare" effect the price maybe can be increased.

what do you think guys ?

Not like I will be surprised. It is something that I believe has been happening in the past years when it comes to halving and during this period it is normal to always see some great level of demand for it.

If we get to see history repeat itself, then we might end up having some pretty great moment in the long run in our hands. The usefulness as time goes on as far as I am concerned will actually give it a great boost on its own coupled with every other fundamental surrounding it.

South Park

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Quote from: texgeek on September 24, 2018, 12:28:26 AM

Hello guys,

Looking for some "predictions" about bitcoin future i found/remember a good not so new information... and I'm writing this because maybe someone does not know about and have an interest in this information.

Today on a good number of blocks mined using bitcoin blockchain miners got a 12,5 coins, and aparently this will be reduced to 6.25 coins on May 2020, as you can see here https://www.bitcoinblockhalf.com/ and if you want search code on git, you can found also

Im already moving a good part of my investments to bitcoin, first, because i believe on this technology and second, probably will be a very good investment looking long term ( ~2 years.. with this information)

We cannot confirm any value prediction $ .. but bitcoin will be more "rare" (its more hard to obtain one) , and with this "rare" effect the price maybe can be increased.

what do you think guys ?

The last time this happened we didn't saw the price skyrocketing as soon as that happen, it took months for the market to feel the decrease in the supply of coins and for the price to go up, so the process that you are talking about is not as certain as you make it out to be, however once we got the halving eventually the price of bitcoin will go up.

1Referee

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Quote from: cellard on September 25, 2018, 10:43:06 AM

If the ETF has passed then I expect enough inertia for the price to keep pumping during the halving. I think people are still too noob to realize the ETF is not needed for bitcoin to take over the world, we are still not there yet. We'll be there in two years? who is to say, but me personally, I doubt it. So the ETF would fuel the rocket faster.

Now what i've mentioned before will play a major key. If market participants, in anticipation of halving, start outpositioning each other by buying earlier, this could start he bull run far before the actual event. This means that if it goes out of hand, the peak may be reached by the time the halving happens and the halving becomes a sell the news event.

Of course the fundamentals around it could change that, for instance, the ETF passing may be too strong a bullish force to stop there and we will keep going higher and higher into new ATH's.

There is too much if involved.

We're at a stage at which people (the smart ones) start to understand how everything works here, which in my opinion will only reduce the probability of something like that to happen. I think it's pretty safe to say that the market participants you are referring to are already positioning themselves in the way they want by taking advantage of the current downward market cycle.

All the accumulation happening right now means there is less needed in the future, unless the demand shoots up to insane levels, but again, that's impossible to time.

Samarkand

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Quote from: BitHodler on September 24, 2018, 06:10:54 PM

...
I can totally see a point at which Bitcoin will end up following gold in terms if stability.
...

I think that this is extremely unlikely even if Bitcoin is widely used as a means of
payment. The big difference is that Bitcoin trading is just so easy and anyone
can join in on the action 24/7 from every country in the world. Besides, the supply
of BTC that is traded on the exchanges will decrease in the long-term as institutional
investors buy up big amounts of coins for the long-term. Wild price moves therefore
will be just as easy in the future as they are now, because simply not enough people
will have their Bitcoins on exchanges in open orders.

It will be just as easy to move the market by a 100 BTC market buy in the future as it is now
if you ask me.

SwaVeR

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Quote from: Kevin77 on September 24, 2018, 11:25:26 PM

It won't explode, all of those things are considered in price way before it happens.

It won't be like 6 thousand dollars on April 2020 and 60 thousand dollars on may, if the price goes up then they check the dates and it increases slowly but surely before hand.

Hence, if you believe that the price will be effected (naturally) from miners not selling for cheap and all agree to increase the price so they can cover the costs than you can assume they will start it way before that, maybe not from today but the affects can be seen even today, it will happen closer like 6 months before or so. That way it won't happen all of a sudden.

Are you palmist or astrologist? How can you say that the price after more than 2 years will be this? I don’t believe such false statements. There is no reality in these predictions. I only believe the current situation of the market. I only believe the trend of the market and the trust of the people, which is low these days, and that is the big reason for low bitcoin price.

rickadone

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Quote from: Crypto one on September 24, 2018, 01:03:23 AM

More than 82% of all bitcoins are already mined, people who want to hold a whole bitcoins or more, are going to be missing out if they not start to invest soon.
The price of bitcoins will most likely be higher when we reach next halving.

Obviously, that has always happened over the years anyway and I would not be surprised if we get to have the same repetition this time around. As long as people started realizing that this is the real deal and a time will come they would wish they had really made some important decision of investing at this stage, then they will surely know the best way to go most of the time when it comes to being a part of the market in its dip.

Patience is all that is just required in this, and anyone who has it will in the long term experience a huge benefit.

carlisle1

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Year after years bitcoin price continues to grow,so what i am seeing here is in 2019 the bitcoin value will recover from the dip since 2017 is such a great year,so when 2020 comes the prices of cryptocurrency specially bitcoin will be atleast $50,000 is the lowest speculation

rodalutor

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Quote from: Gozie51 on September 24, 2018, 07:43:31 AM

Quote from: rodalutor on September 24, 2018, 05:32:03 AM

From an economic point of view it's simply a case of reducing supply leading to a price increase.

Yes that is what it looks like from that view but what if we consider technical growth and choices. For instance, humanity have been known to not be certified with a certain hardship or hard situation. If such scarcity come in bitcoin, don't we think another choice could be made?

We have plenty of choices in etheruem and litecoin.

Again do we still remember that when transaction fees for bitcoin was very high, investors and traders found something nice with relying on etheruem and litecoin which was the major reason I think that gave those coins an ATH at that time.

Just because there are alternative choices doesn't mean that the price of bitcoin won't continue to increase as the scarcity of it increases. With diamonds the price still increases even though people look to alternatives like rubies etc.

cellard

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Quote from: figmentofmyass on September 24, 2018, 03:10:17 PM

Quote from: Pursuer on September 24, 2018, 03:33:40 AM

secondly price doesn't have to rise because of halving. bitcoin have always risen based on more adoption aka demand for bitcoin not because of its supply. the limited supply contributes to more rise but the real reason is that demand otherwise the supply is growing with or without halving.

yep, supply is only one side of the equation. all else equal, when supply drops, price should rise. but if demand for bitcoin is actually dropping by the time the halving comes around, that'll be reflected in the price as well.

given the long term uptrend, i'm assuming the halving will take place in the context of a bull market. but i try to keep an open mind about these things. one truism about markets i've learned over the years is that when everyone expects the same thing, it doesn't happen.

If the ETF has passed then I expect enough inertia for the price to keep pumping during the halving. I think people are still too noob to realize the ETF is not needed for bitcoin to take over the world, we are still not there yet. We'll be there in two years? who is to say, but me personally, I doubt it. So the ETF would fuel the rocket faster.

Now what i've mentioned before will play a major key. If market participants, in anticipation of halving, start outpositioning each other by buying earlier, this could start he bull run far before the actual event. This means that if it goes out of hand, the peak may be reached by the time the halving happens and the halving becomes a sell the news event.

Of course the fundamentals around it could change that, for instance, the ETF passing may be too strong a bullish force to stop there and we will keep going higher and higher into new ATH's.

Thanasis

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The mining difficulty and lessen rewards maybe a reason for the prices to explode but there is no exact reason that the prices will be high at that time but hopefully it will be high since the price of bitcoin keeps increasing over the years so we have two years time frame in that time we may have the bitcoin prices somewhere around $100K or $100. Tongue

It all depends on the people's adoptions and governments regulation.

Kevin77

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It won't explode, all of those things are considered in price way before it happens.

It won't be like 6 thousand dollars on April 2020 and 60 thousand dollars on may, if the price goes up then they check the dates and it increases slowly but surely before hand.

Hence, if you believe that the price will be effected (naturally) from miners not selling for cheap and all agree to increase the price so they can cover the costs than you can assume they will start it way before that, maybe not from today but the affects can be seen even today, it will happen closer like 6 months before or so. That way it won't happen all of a sudden.

BitHodler

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Quote from: pitiflin on September 24, 2018, 10:21:32 AM

And even if it does, bitcoin might never go back to 20k$,let alone 100,000$ and I million. Because the global economy won't be able to survive a currency that is so volatile,and is widely spent, other currencies or even economies might collapse to it.

Bitcoin won't remain volatile for ever if it actually becomes a widely used medium of exchange and store of value. I can totally see a point at which Bitcoin will end up following gold in terms if stability.

I don't think we'll ever be able to expect anything more than that. Bitcoin currently is too speculative, too small, too thinly supported with liquidity, and so forth. All factors contributing to insane levels of volatility.

Once all these factors are dealt with, which might take 5-10 years, we'll be looking at a whole different asset. Some people might not think Bitcoin is capable of reaching that state, but that's their problem.

It requires an open mind to allow potential scenarios to develop. Saying no to everything is a guaranteed way to not book any progress in life.

figmentofmyass

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Quote from: Pursuer on September 24, 2018, 03:33:40 AM

secondly price doesn't have to rise because of halving. bitcoin have always risen based on more adoption aka demand for bitcoin not because of its supply. the limited supply contributes to more rise but the real reason is that demand otherwise the supply is growing with or without halving.

yep, supply is only one side of the equation. all else equal, when supply drops, price should rise. but if demand for bitcoin is actually dropping by the time the halving comes around, that'll be reflected in the price as well.

given the long term uptrend, i'm assuming the halving will take place in the context of a bull market. but i try to keep an open mind about these things. one truism about markets i've learned over the years is that when everyone expects the same thing, it doesn't happen.

cellard

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Quote from: LoyceV on September 24, 2018, 06:52:04 AM

The block reward was halved twice already, and in both cases, it took about 4 months for the Bitcoin price to shoot up. If history repeats itself, that would put the price explosion around September 2020, more or less 2 years from now.

It can also happen the opposite: the anticipation of the halving and people expecting the price to go up due the decrease of inflation may make some buy months before it actually happens, starting the bullrun way earlier than the actual halving date, since they just try to outbuy each other trying to get before the rise begins, so this causes FOMO.

I believe a lot of people are waiting for the right time to enter in Bitcoin and the mental deadline is the halving of 2020, so they have to get in before that date, the more they wait the higher the risk of missing the bottom (assuming we haven't bottomed already)

Deeyoh

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I've always thought of it like this. No more than 21 Million people in the whole world can own 1 whole bitcoin. Chances are, it's much less than that when it's almost done mining due to lost keys and some that won't move.

Just a quick google and there are over 36 Million--millionaire's in the world. Yep, 1 BTC will rise substantially with adoption.

Topic: Save the date! May 2020 - Bitcoin price will explode ? (Read 395 times)