The Trend for 2020. - page 2. | Bitcointalksearch.org

Questat

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I feel like the trend overall should be bullish this year. I mean we have already had such a long bear market that it is about time to start recovering. Thus far, the beginning of the year was quite decent with the initial pump to 8.5 k, lets hope we won't retrace down lower than the last higher low to have a proof of a bullish setup. If that happens, then a new all time high is gonna come this year i believe

hopefully that's the case in this year, I know everyone are tired of holding and we are not just looking for bitcoin to rise but also for the altcoins as well.
What we are experiencing now is not a normal market IMO, because in the past, when bitcoin struggles, people turns to altcoins to invest, hopefully we will be back at that situation soon.

romero121

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This year we can't predict the perfect outcome of the market. Rather than other years 2020 is a much expected year for cryptocurrency. Most of the users expect the year to be bullish, based on different events that are scheduled for the year. Starting of the year there is some form of price fluctuations, and this confirms that the market don't continue the bull trend or the bear trend for a long term.

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Quote from: Gozie51 on January 09, 2020, 02:17:00 AM

In talking about last year that market cap increased rapidly but later crashed seriously, I think is better we start off with a gradual pace than rushing in and finally flying out. As price is going, we get where we suppose to be.

Quote from: nelson4lov on January 04, 2020, 03:35:02 PM

We're less than a week into January not much has happened so far. In 2019, we saw the total market capitalization reach over $300 billion with volumes as high as $100B.

Contrary to popular opinions for 2020, Bitcoin would reach a new all time high. Thanks to an increased in hashrate, an the block halving that's coming soon. That aside, what do you guys think would be the overall market trend for 2020. Are we going to trend up, down or sideways and why?

Will love your hear your insightful feedbacks and contributions ✍️

On this, I think the overall outlook is going to be bull and volatile just as we had in 2017. The halving and the US issue with Iran are going to be a contributing factor.

The US issue with Iran had subsided although the crisis had a significant impact on the price of bitcoin temporarily but the price had stabilized now, while the major event every crypto enthusiasts is looking up to is the halving of bitcoin coming up in May which many believed that its going to pump the price, while my opinion is that this year bitcoin would be bullish compared to last year.

Hallmader

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Quote from: FairUser on January 09, 2020, 09:47:31 AM

If in 2020, the level of supply and demand is higher than in 2017, I believe bitcoin will make a historic milestone and create a new ATH, but according to the analysis of market experts, The impact of cryptocurrency is not as high as that of 2017 and we need more investors to pay attention to the market. This year there are many interesting events for bitcoin but if not have new investors, I think its price will not fluctuate too much.

I believe there is always a new investor coming into Bitcoin everyday, much more every year. Year after year, Bitcoin is reaching new areas in the world and impresses new people. This will be converted into new businesses accepting Bitcoin and new individuals investing on it and others, especially those who have come earlier, will start spending them. All in all, we will be seeing wider adoption and higher investment year after year.

BartS

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Quote from: jostorres on January 06, 2020, 11:57:46 AM

It does take a while before the price could actually take off, everyone considers halving as something that will increase the price of bitcoin but between July 2016 when the last halving happened to April of 2017 (10 months) nothing changed, price moved from 700's to 900's or so, that was the all increase there could be.

After that there was a bitcoin cash deal where if you hold bitcoin you would get free bitcoin cash as well which increased the price of bitcoin a lot and people assumed it might be due to halving maybe, after that there was the 2017 December peak of 20k. So, it took over a year to increase and over 1.5 years to increase to all time high. That is why I think 2021 will be more fun than 2020 if the similar stuff happens again.

I think the same but this opens the question about what it is going to happen during this year? Are we going to see stable year in which nothing happens? Or are we going to watch a year in which investors switch their attention from bitcoin to altcoins to try to make money?

Or is this going to be a negative year for bitcoin and it is better to watch from the sidelines? Or this is going to be yet another positive year for bitcoin which will basically mean that the year of 2021 is going to be spectacular.

nelson4lov

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Quote from: FairUser on January 09, 2020, 09:47:31 AM

If in 2020, the level of supply and demand is higher than in 2017, I believe bitcoin will make a historic milestone and create a new ATH, but according to the analysis of market experts, The impact of cryptocurrency is not as high as that of 2017 and we need more investors to pay attention to the market. This year there are many interesting events for bitcoin but if not have new investors, I think its price will not fluctuate too much.

If an epic bull run like that of 2017 happens in 2020. The value of Bitcoin would pump massively... Why? In 2019, We saw the introduction of newer products and services that caters for institutional investors, Countries resolving to Cryptocurrencies as a safe haven for their economies etc. Just time now. I'm gunning for a halving moonshot.

Quote from: Wexlike on January 09, 2020, 09:59:11 AM

Well isn't that pretty obvious ? We are in a heavy accumulation phase. Last time when we had the crazy bull run in 2017, half of the internet population was mental when we broke $9k for the first time. Today no one really cares, and that is a pretty fantastic thing, don't you think ?

You have a point. People only want to join the train when it has left. Always late to the party. People want to buy and invest in Bitcoin but they won't want to do that now because of the current price. Should the price increase, You'll see high influx of new users and investors.

Wexlike

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Quote from: FairUser on January 09, 2020, 09:47:31 AM

If in 2020, the level of supply and demand is higher than in 2017, I believe bitcoin will make a historic milestone and create a new ATH, but according to the analysis of market experts, The impact of cryptocurrency is not as high as that of 2017 and we need more investors to pay attention to the market. This year there are many interesting events for bitcoin but if not have new investors, I think its price will not fluctuate too much.

Well isn't that pretty obvious ? We are in a heavy accumulation phase. Last time when we had the crazy bull run in 2017, half of the internet population was mental when we broke $9k for the first time. Today no one really cares, and that is a pretty fantastic thing, don't you think ?

FairUser

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If in 2020, the level of supply and demand is higher than in 2017, I believe bitcoin will make a historic milestone and create a new ATH, but according to the analysis of market experts, The impact of cryptocurrency is not as high as that of 2017 and we need more investors to pay attention to the market. This year there are many interesting events for bitcoin but if not have new investors, I think its price will not fluctuate too much.

BigBos

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Quote from: Gozie51 on January 09, 2020, 02:17:00 AM

In talking about last year that market cap increased rapidly but later crashed seriously, I think is better we start off with a gradual pace than rushing in and finally flying out. As price is going, we get where we suppose to be.

Quote from: nelson4lov on January 04, 2020, 03:35:02 PM

We're less than a week into January not much has happened so far. In 2019, we saw the total market capitalization reach over $300 billion with volumes as high as $100B.

Contrary to popular opinions for 2020, Bitcoin would reach a new all time high. Thanks to an increased in hashrate, an the block halving that's coming soon. That aside, what do you guys think would be the overall market trend for 2020. Are we going to trend up, down or sideways and why?

Will love your hear your insightful feedbacks and contributions ✍️

On this, I think the overall outlook is going to be bull and volatile just as we had in 2017. The halving and the US issue with Iran are going to be a contributing factor.

many people believe that the current price increase is due to the influence of the US and Iran. so, I think they are indeed quite contributing. Although this is quite an extreme method of construction, it seems that the current increase is not affected by halving. so, when halving approaches, the price of crypto can be very high. I am pretty sure above 50% that the price of crypto will really go up.

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I think this month, the trend still not showing to us because the market still up and down unpredictable, so we are hard to see where bitcoin price will go. But I am sure that maybe in the next months, we will see a new trend will come, and it will attract more people to come to invest in the crypto so that crypto will rise again like in 2016-2017. We need to be patient for a while, and we still need to use this time to invest in many coins if we still have money. But be careful, the market still unpredictable, always analyze before you buy any coins.

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Quote from: Taskford on January 09, 2020, 03:30:33 AM

Maybe for now we cannot get a significant fact if we are in the bullish state or still we are on bearish since the market is not much good until now since I think those slow pumps came few days ago is made by Iran fud. But hopefully we can enter the great zone since maybe in 2nd quarter of the year we can see those bullish sightings that we are waiting for so long but I don't expect to see a the same ATH before in year 2017 since I think those one will happen on year 2021.

if based on the history of halving its true that there will be a significant increase or a new ATH in 2021, but of course we will never know whether history can repeat or not, but so far it is still quite good and history can repeat from the first and second halving. indeed the impact of Iran is enough to make prices up, not only bitcoin but like gold and others. if it continues then it might be able to make the price of bitcoin up, but for the bullish it's still not seen, even though in the past week bitcoin has increased by $1000 and now tends to decrease again.

Taskford

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Quote from: Mahanton on January 09, 2020, 03:11:33 AM

Quote from: The Sceptical Chymist on January 09, 2020, 01:37:06 AM

Quote from: GreatArkansas on January 04, 2020, 08:29:55 PM

Because for sure, if we dumped below $6,000, there's a huge possibility that we will fall again below $4,000 and we will see again the bottom around $3,000.

If my grandmother had wheels, she'd be a bicycle. If, if, if.

Quote from: GreatArkansas on January 04, 2020, 08:29:55 PM

But do you think fellas, it is healthy for the Bitcoin to pump up to new all-time high before the block halving happens?

Healthy? No. If bitcoin got above $20k before May, I think that would be too fast of a rise and it would not be sustainable. It would probably crash just like it did in 2017, and I'm not anxious to see that happen again. When bitcoin crashes, there are a lot of people who apparently get scared and lose faith in it, and I'm not sure that many of them would ever come back. If bitcoin can maintain it's price around $8k, I'd be more than satisfied with that. $10k would be golden, but I'm not hoping to see that level hit until at least the end of the year.

I would prefer on the same movement rather than seeing fast moving increase because we know that on what would happen next after that rising momentum which is really a heavy correction of prices.Actually we are moving too fast at the moment and the price now do somewhat stabilize in 8k levels and still holding but it can possibly go back below 7k price.Im not really that expecting too much when it comes on reaching the previous ATH.
It will be preferably on slow and gradual but stronger foundation than a usual pump and dump of prices.We cant really stop people for being too
bullish yet this had been the thing we do aim for.

Maybe for now we cannot get a significant fact if we are in the bullish state or still we are on bearish since the market is not much good until now since I think those slow pumps came few days ago is made by Iran fud. But hopefully we can enter the great zone since maybe in 2nd quarter of the year we can see those bullish sightings that we are waiting for so long but I don't expect to see a the same ATH before in year 2017 since I think those one will happen on year 2021.

Mahanton

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Quote from: The Sceptical Chymist on January 09, 2020, 01:37:06 AM

Quote from: GreatArkansas on January 04, 2020, 08:29:55 PM

Because for sure, if we dumped below $6,000, there's a huge possibility that we will fall again below $4,000 and we will see again the bottom around $3,000.

If my grandmother had wheels, she'd be a bicycle. If, if, if.

Quote from: GreatArkansas on January 04, 2020, 08:29:55 PM

But do you think fellas, it is healthy for the Bitcoin to pump up to new all-time high before the block halving happens?

Healthy? No. If bitcoin got above $20k before May, I think that would be too fast of a rise and it would not be sustainable. It would probably crash just like it did in 2017, and I'm not anxious to see that happen again. When bitcoin crashes, there are a lot of people who apparently get scared and lose faith in it, and I'm not sure that many of them would ever come back. If bitcoin can maintain it's price around $8k, I'd be more than satisfied with that. $10k would be golden, but I'm not hoping to see that level hit until at least the end of the year.

I would prefer on the same movement rather than seeing fast moving increase because we know that on what would happen next after that rising momentum which is really a heavy correction of prices.Actually we are moving too fast at the moment and the price now do somewhat stabilize in 8k levels and still holding but it can possibly go back below 7k price.Im not really that expecting too much when it comes on reaching the previous ATH.
It will be preferably on slow and gradual but stronger foundation than a usual pump and dump of prices.We cant really stop people for being too
bullish yet this had been the thing we do aim for.

Gozie51

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In talking about last year that market cap increased rapidly but later crashed seriously, I think is better we start off with a gradual pace than rushing in and finally flying out. As price is going, we get where we suppose to be.

Quote from: nelson4lov on January 04, 2020, 03:35:02 PM

We're less than a week into January not much has happened so far. In 2019, we saw the total market capitalization reach over $300 billion with volumes as high as $100B.

Contrary to popular opinions for 2020, Bitcoin would reach a new all time high. Thanks to an increased in hashrate, an the block halving that's coming soon. That aside, what do you guys think would be the overall market trend for 2020. Are we going to trend up, down or sideways and why?

Will love your hear your insightful feedbacks and contributions ✍️

On this, I think the overall outlook is going to be bull and volatile just as we had in 2017. The halving and the US issue with Iran are going to be a contributing factor.

error08

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Many people on this forum share their TAs and predict that bitcoin will be neutral and going sideways until the halving, it will grow gradually after the halving takes place since the mining reward reduced and less supply will play the role. So the trend of bitcoin in 2020 obviously going upwards, expected to reach over $15K at some point and get corrected. However, the chance of bitcoin to reach $20K is relatively small but not impossible, let's see what will happen in the fourth quarter of the year.

barabarian1

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Quote from: jostorres on January 06, 2020, 11:57:46 AM

It does take a while before the price could actually take off, everyone considers halving as something that will increase the price of bitcoin but between July 2016 when the last halving happened to April of 2017 (10 months) nothing changed, price moved from 700's to 900's or so, that was the all increase there could be.

After that there was a bitcoin cash deal where if you hold bitcoin you would get free bitcoin cash as well which increased the price of bitcoin a lot and people assumed it might be due to halving maybe, after that there was the 2017 December peak of 20k. So, it took over a year to increase and over 1.5 years to increase to all time high. That is why I think 2021 will be more fun than 2020 if the similar stuff happens again.

I agree with you, maybe in 2020 bitcoin will not experience an upward trend even though bitcoin has been reduced by half. as you said bitcoin will take more than a year to get a bull run. but this is just a prediction nobody knows for sure the price of bitcoin in the future. we can only wait. this year bitcoin can experience a downward trend or an increase all depending on demand and supply.

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Quote from: GreatArkansas on January 04, 2020, 08:29:55 PM

Because for sure, if we dumped below $6,000, there's a huge possibility that we will fall again below $4,000 and we will see again the bottom around $3,000.

If my grandmother had wheels, she'd be a bicycle. If, if, if.

Quote from: GreatArkansas on January 04, 2020, 08:29:55 PM

But do you think fellas, it is healthy for the Bitcoin to pump up to new all-time high before the block halving happens?

Healthy? No. If bitcoin got above $20k before May, I think that would be too fast of a rise and it would not be sustainable. It would probably crash just like it did in 2017, and I'm not anxious to see that happen again. When bitcoin crashes, there are a lot of people who apparently get scared and lose faith in it, and I'm not sure that many of them would ever come back. If bitcoin can maintain it's price around $8k, I'd be more than satisfied with that. $10k would be golden, but I'm not hoping to see that level hit until at least the end of the year.

crossabdd

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like a 3 year cycle ... where bitcoin always gives a good pump end. price always makes a new high level. 2020 is the last middle to signal an increase. I think bitcoin will slowly rise with certainty. and will be pumped big by 2021. So the last chance to buy bitcoin is now. before reaching the highest level in the history of crypto currencies. 2020 is a good year. I hope all goes well.

goinmerry

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I see nothing will change for 2020, the bitcoin price, being bull or bear, will still depend on speculative thoughts and news.

Currently, we see a small pump (not really small) and one reason for it was the news impact of an ongoing conflict between IRAN and the USA. So in case that's not happened, I see we are still a around $7,500 as of this writing and there will be no "bull run" statement for now.

In my own thoughts, if there's no news that can impact much the price, we will rely on the usual run of demand and dump. With halving approaching, speculations about the growth will surely be raised but the question is, do people will really buy coins or will just rely on their current hold coins to gain value while hoping for the best on the result of halving?

hello_good_sir

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And we're still waiting for the end of Chinese New Year, which seems to be a bullish period for bitcoin on a yearly basis for whatever reason.

It is likely just due to psychological factors, and nothing tangible. But still, we do experience bull runs so the markets expect such a thing to occur, and it becomes a self fulfilling prophecy.

But yes, 2020 has been very bullish so far and even though I do expect corrections in the short term, the long run of this year is looking very healthy. With things like the halving coming up which are also quite bullish events in themselves, I wouldn't be surprised if we eclipsed 5 digits once again some time this year.

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