Topic: The price of Bitcoin in 2020 - page 5. (Read 8303 times)

C-esque, but with longer basing (it would not just turn around and run again, has to spend some time accumulating 'energy' for the second move)

I think in my own speculation much more possible to touch the price around scenario E to D this is i think much nearly to touch the price after 2020
since the movement is not fast  above the scenario's that i choose i think its  low possibility to happen after 2020.
If what 2013 happen before its impossible to happen again this coming 2020..
Unless if more company and people are invest and use bitcoin as their majority..

I think of scenario C because of new users of Bitcoin and block halving. A and B are completely unrealistic and D and lower will be if Ethereum outsmart Bitcoin.

I prefer the scenario D, more moderate and I find it more realistic


If this is possible it will be very good

My guess is $2,100-$2,500. I don't have anything to really back it up, it's simply what I think the odds are leaning towards in the next couple of years.

As the price increase is quite high ns growing on at certain time interval sure we will reach at least $5000. The reason is that by 2020 one among the popular event bitcoin halving is gonna take place. So sure can get a good profit on holding long.

I think not reasonable if bitcoin price in 2018 incraese to 8000 dollar
my prediction maximum incraese in 2018 2000 - 3000 dollar, or still range price 1500 - 2000 dollar

there's a good chance we'll see 5k+ some time in the next 18months.

your scenario A and Scenario B are the closest one to what can happen in 4 years. there is a lot of adoption and hype going on with bitcoin and there is a lot more to come. and i am talking about real merchant adoptions not just more speculators buying in.

i just made a new topic about Japan and bitcoin adoption, and how that will soon affect the price. with all their tourism and Olympics coming.
https://bitcointalksearch.org/topic/food-for-thought-japan-bitcoin-tourism-olympics-1906607

This is also my take here. Remember, the next halving of rewards for one block is scheduled in 2020. So it means that that bitcoin will be scarce as ever, and the demand by the general public will be high but since there is a halving their will be limited supply causing the price to new horizon. So I positive that the price could be somewhere around $5000 or more because of the above reasons. And as the network continues to grow and solidify, it becomes clear that even an event as jarring as halving can only reassert bitcoin’s continued existence.

I think the scenario A where people will have FOMO on a global scale might happen when every country start to accept Bitcoin as money and give it a boost by removing consumption tax as what Japan did.  This will give Bitcoin a great price surge making the price of Bitcoin to have exponential increase.  After this stuff a correction will happen.  Once the global adoption of Bitcoin is achieved, people will not dump their holdings to reap more reward when full saturation is achieved.

The scenarios are based on studying historical charts and doing some TA.
Disclaimer: I do not trade professionally and I have little experience in technical analysis.

Scenario A is Bitcoin FOMO on a global scale with accelerated adoption by retail, e-commerce and financial institutions.
A declining stockmarket would add extra fuel to the fire.

Scenario B is a 1:1 copy of the last bull run that started in the summer of 2013.
Basically this comes down to ±6x the previous top: $210 > $1200 > $7200.

Scenario C is based on steadily declining multipliers for the tops.
top $30 > top $210 = x7
top $210 > top $1200 = x6
top $1200 > top $5500 - $6000 = x5

Scenario D is based on a declining base to top multiplier  (multiplier x0.666)
2011 spring base $1 > 2013 summer top $30 = x30
2012 fall base $10 > 2013 spring top $200 = x20
2013 summer base $100 > 2013 december top $1200 = x12
2015 summer base $250 > 2017 fall top $2000 - $2300 =x8

Scenario E is a consolidation fase with a retest of the psychological $1000 level. This level will now function as support.

Scenario F is Scenario C but with a lower top and consolidation at the $2000 level.

Scenario G and H are based on a future where Bitcoin will no longer be the dominant cryptocurrency. In this scenario Bitcoin will be surpassed by competitors or successors with better technology and/or it will fail to provide a solid solution for the scaling issues and long confirmation times.  

There is a fair chance that scenario D might play out with an intermediate top at $2300, a pullback in 2018 and a continuation of the bull market in 2019.
If Bitcoin takes this trajectory, this will force a lot of weak hands out of the market. I'm hoping for scenario B though.

I think we are in the scenario D. It is for me what has the greatest correlation with current and past trends. It is for me reasonable blend of optimism and realism. Scenario E might be a true possibility too.

2020 a few months after halving a price of $5k to $10k may be possible. $5k maybe also a bit earlier. I see Bitcoin still as undervalued at the moment. And with SegWit hopfully getting activated somewhere next year at the latest, this just alone could result in a huge upwards push.
However it's still a long way to go. And 3 years in Bitcoin is definitely a time where a lot of stuff can happen.
In good and bad!
Cross fingers and hope for the best!

Scenario A is too optimistic and generally unreal for bitcoin by my opinion. To bitcoin fly to the moon in 2018 is something impossible. I'm more for variant B, it seems to me more logical.

Why not scenario A ? You are just talking with respect to mtgox collapse, but you need to take consideration of contribution of mtgox at its time and how many exchanges we are having right now. When the  one and only exchange found problems, it is obvious bitcoiners got panic and withdrawn their investments but in recent problems with bitfinex and regulations in cheese exchanges did not make big impacts into bitcoin prices.

I guess any negative news will not impact big when bitcoin will be having alternative solutions for everything. I mean including scalabilty issue so $10k+ by 2020 is inevitable.

scenario E through to G are what we should expect should we continue to experience slow transaction speeds irrespective of the fees paid..

and we should expect a better picture with regard of which ever fork is adopted to make transactions more faster and we are guaranteed an off the chart price tag  i.e  scenario D through to the moon and above

Either C or D seems the most realistic. The problem is if an exchange gets hacked the main stream media will say bitcoin banks got hacked and all of the dumb sheep who don't understand bitcoins will sell them asap. More and more dumb people are investing now so expect to swings to be even bigger than in the past.

It means in 2018 btc will go up to $8000?