Speculation will drive the btc ride further as always - page 2.

Oasisman

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Quote from: minersday on December 12, 2019, 11:22:13 AM

No offence at OP but currently speculation alone can't push bitcoin to such crazy prices again. We need more people using bitcoins to increase the demand of it so as to bring the prices up. Another thing that can also help increase the price of bitcoin is the halving of bitcoin block reward come May 2020. These are some of the factors that i think can bring real value to bitcoin in the nearest future.

Bitcoin already had a value, It just need people to believe on this technology's capability. It did reached the $20,000 level, and that time Bitcoin began to have a lot of people/followers who invested with the hopes of "getting rich overnight", or we call them the weakhands.
Though, the market has been manipulated by big players, but retail investors role is somehow vital for the future of Bitcoin.
Manipulation, speculations, and sentiments are the factors that drives the market value of Bitcoin.

bitcoinsocial09

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

As we all know the market price of bitcoin depends on the supply and demand , as of today the market price of bitcoin was low and I think the market price of bitcoin will recover in the coming months since there are so many many delays in the market price of bitcoin. A lot of speculations but surely bitcoin market price will recover the price go down quickly and surely a lot of investors could easily reinvest.

Genemind

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There will always be different speculations about the future price of Bitcoin. There are people who have quit and chose to leave there target goals unreached because they're doubting about the future of BTC. As for me, a good profit will still come to those who have the patience to wait until it reaches a good value in the future and I have no doubt of its capability.

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

The only thing I can say about this coin halving is that it's so much overrated. Last time we have coin halving was in 2016 and nothing notable happens. Very recently Chinese presented statement on blockchain created a pump that vanished very quickly. If any hike in price happen due to coin halving it will be short-lived and will not last very long.

yulionoo

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Quote from: minersday on December 12, 2019, 11:22:13 AM

No offence at OP but currently speculation alone can't push bitcoin to such crazy prices again. We need more people using bitcoins to increase the demand of it so as to bring the prices up. Another thing that can also help increase the price of bitcoin is the halving of bitcoin block reward come May 2020. These are some of the factors that i think can bring real value to bitcoin in the nearest future.

yes, I agree with that we cannot rely on speculation to drive the price of bitcoin. in my opinion we have to use real bitcoin so that demand for bitcoin continues to increase and makes the price go up. bitcoin prices are greatly influenced by demand and supply. then these requests and offers are greatly influenced by news, FUD and FOMO. if we just hold and speculate then I think it will not have an impact on the price of bitcoin.

samcrypto

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Quote from: superman25 on December 13, 2019, 04:53:53 PM

Bitcoin is under constant pressure, speculation takes bearish and bullish extremes, for that reason the ups and downs occur, however in the long term, the upward trend is expected to continue, there are good expectations for the year 2020.

That expectation will not disappoint us next year, greater heights can be reach and the progress will continue. Speculation gives different perspective especially if its a FUD but if in the long run we will still go up because that is the goal for bitcoin. Halving will become the best reason for that, prepare now while you still can because the cheap price of bitcoin is on the market now.

superman25

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Bitcoin is under constant pressure, speculation takes bearish and bullish extremes, for that reason the ups and downs occur, however in the long term, the upward trend is expected to continue, there are good expectations for the year 2020.

ntsdm1

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Quote from: Katashi on December 13, 2019, 01:47:25 PM

Speculations will go on as long as Bitcoin exists since the market is so volatile, a lot of people will make a bet and continuously predict the price of Bitcoin in the future but I agree with what OP said that speculations may somehow attract other people to invest in Bitcoin because of FOMO.

Recently, I have observed a positive trend regarding bitcoin.Many influential people at the seminars recommend that investors spend up to 20% of their assets to buy bitcoin.And many do follow these tips.So it is difficult for me to predict what the price will be in the future,but the fact that many people already see a potential benefit in bitcoin is already good.

hahay

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

Therefore, demand and supply will always be there and we cannot conclude if there is no demand in the market, because as long as there is any market there at least crypto has become another preferred option for a certain majority, besides that there are still other factors that will keep prices going pushed upwards because with the big event that will happen later at least it becomes something that will be very possible for a large pump.

Maotezi

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

All the virtues that bitcoin has are thrown aside when one looks at how much price varies. Each year has been special to itself, and it's no wonder if that just happens, but maybe now it's being ordered to go $ 40k +
I sincerely hope that the bitcoin satan is still in the game, and that as many people use it, and I'm not worried about the future.

Katashi

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Speculations will go on as long as Bitcoin exists since the market is so volatile, a lot of people will make a bet and continuously predict the price of Bitcoin in the future but I agree with what OP said that speculations may somehow attract other people to invest in Bitcoin because of FOMO.

Inkdatar

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Quote from: Orochimarukin on December 13, 2019, 09:45:05 AM

I want to see bitcoin sub 6k so I can grab some then I want it to moonshot straight to 100k where I'll sell and it'll dump back to 10k(another 90% dump). Well we all speculate, project and analyse but at the end of the day the market will do what it will. The halvening is already a major factor for speculation and I can confidently say that it will drive prices up quickly.

Everyone can speculate about btc to what prices it will headed. That halving I believe there is a tendency about bitcoin to increase in the market. Everything can happen in bitcoin but one thing I am positive about is it's value that may pump soon.

fullhdpixel

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

There are people who are not interested in buying, their problem is that they hate cryptocurrency and they hate that there are people who became millionaires by investing in Bitcoin, so they just want it to fall and vanish for good. Just like some of my friends that hates cryptocurrency for same reason, and that's part of the reason I chose to stop telling them about it.

They are pissed that I was able to achieve something from it and they think it's too late for them and they might invest and lose their money. So they are scared to invest and therefore they are calling Bitcoin and keep saying that one day it will crash for good and the world will forget about it lol. I will be happy if the price should go up again Cheesy

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Orochimarukin

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I want to see bitcoin sub 6k so I can grab some then I want it to moonshot straight to 100k where I'll sell and it'll dump back to 10k(another 90% dump). Well we all speculate, project and analyse but at the end of the day the market will do what it will. The halvening is already a major factor for speculation and I can confidently say that it will drive prices up quickly.

Bonenx14

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Quote from: BeManga on December 13, 2019, 03:31:23 AM

Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

there is really a chance that bitcoin price will increase in May 2020 due to halving
there will be a price correction because the rewards will decrease in half the price will match the supply and demand.
this is not baseless speculation but a big fact about bitcoin.

but what you said hasn't happened yet and I think it's not a fact but it's just speculation. and we have to wait for this time to prove the speculation can only be said a fact. and to this day it is still said to be just research

BeManga

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

there is really a chance that bitcoin price will increase in May 2020 due to halving
there will be a price correction because the rewards will decrease in half the price will match the supply and demand.
this is not baseless speculation but a big fact about bitcoin.

peter0425

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Quote from: crossabdd on December 13, 2019, 12:43:08 AM

it's all just a prediction. in terms of use, bitcoin is still useful in sending funds, extensive transactions. it's just that, a lot of effort to weaken Bitcoin. so a lot of bad news about bitcoin. but believe me, bitcoin is always the best in crypto. prices will be high.

for long years we have been seeing those Fudders and Fraudster yet what they prove?nothing but failure.at some point they take effect but in the long run?still Bitcoin comes to High and valuable.
being best online payment material?there are lots of things can be expected maybe not this soon but in future as that is proven already for how many years now.this year alone we've got 14$k and what more in future again?

topbitcoin

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Quote from: Tipstar on December 12, 2019, 01:20:24 PM

Bitcoin is a completely new technology and a completely new experience. Let's wait and see where it would lead us. At least for the sake of being a pioneer, Bitcoin may survive for a long time. For the prediction of just 2020, I'm bullish. The halving would make bitcoin generation rarer.

Bullish too in here. As OP said might be high price can be reached because there are actually a lot of bitcoin uses still happen. And for speculation, right or not nobody can really guess to where bitcoin price will go. For me, as long it really can be bull run, i think no matter time i hold for my bitcoin.

LogitechMouse

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

Since Bitcoin is considered a speculative market, I can say that yes speculation can drive Bitcoin but either to an uptrend or a downtrend since we don't know what can happen to the market.

You are only saying that Bitcoin can exceed 40k on May 2020 because of the halving that will happen on that month. If you will see the past movements of Bitcoin after halving, it rose up after halving but it took a long time and the same can happen again. I believe that Bitcoin will rise up in the future but it will take time to do it.

crossabdd

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it's all just a prediction. in terms of use, bitcoin is still useful in sending funds, extensive transactions. it's just that, a lot of effort to weaken Bitcoin. so a lot of bad news about bitcoin. but believe me, bitcoin is always the best in crypto. prices will be high.

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