Top 5 Predictions For Cryptocurrencies In 2020

criza

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Quote

Bitcoin will reach $20,000

From the list of predictions, for me, this would be the best guess that might happen this year 2020. The year have just been only starting but, the price of Bitcoin is almost half of the said prediction. Halving is still coming but, the price of Bitcoin is already high, we could expect a massive pump mid-year and would hit $20,000 market value.

Oasisman

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Quote from: Wysi on February 03, 2020, 04:30:27 AM

I feel that bitcoin halving is a major push that will attract further investment into bitcoin which will have a positive effect throughout the crypto market

Most likely the case if Bitcoin will make another rally this year, breaking the 5 digit price. Touching the $20,000 sounds not possible for the market condition, but we have to remember how unpredictable Bitcoin is.

Quote from: Wysi on February 03, 2020, 04:30:27 AM

Apart from this, I am afraid we cannot predict any further because predictions don't often come true and it's better to witness the market and take steps rather than following the predictions.

Predictions were made just to influence the market sentiments and might steer the price to the direction where the predictors and news writers wants it to head. Though the chance of it to become true is very slim.

GreatArkansas

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Quote from: bitcoin_paypal on January 29, 2020, 09:02:07 AM

Halving is the main point of 2020. it will determine everything

Do you think there will be a positive effect on some altcoins out there on the upcoming block halving of Bitcoin?
Because I'm just a little worried about the block halving of Bitcoin and once the price will go upwards or will do a parabolic run, the Bitcoin dominance will also move upward and lot of altcoins again will fall (in BTC value).
What even said in the article is the first one is Ethereum, that's also I am observing now, Top 5 - Top 10 cryptocurrency with high market cap is good.

Wysi

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I feel that bitcoin halving is a major push that will attract further investment into bitcoin which will have a positive effect throughout the crypto market and we have already seen the sight of a positive market trend since the beginning of this year. Apart from this, I am afraid we cannot predict any further because predictions don't often come true and it's better to witness the market and take steps rather than following the predictions.

davis196

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Predictions 5 and 4 are connected to each other,but I don't think that any of them will happen.
Bitcoin price might reach 15,000 USD at that will be the limit.2017 will never ever happen again.
DeFi is bringing a lot of hype and expectations towards ethereum,just like ICOs back in 2017,I'm not that familiar with Decentralized Finance apps and smart contracts.Let's hope that a boost in the ETH price will help for boosting the Bitcoin price.

1Referee

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Quote from: Reid on January 30, 2020, 03:39:11 AM

Now, I will still wait for ETH 2.0 and we might see more hype that will come around which I think will be normal.
That is a huge change for Ethereum.

It's definitely a huge upgrade if it goes through, but the thing is that so many people are already prepared for that upgrade that I doubt we'll see much happen apart from some sort of a pump. Nothing too crazy. It can also be seen by how many people have bought 32-64-128ETH for staking purposes. The block halving is at least guaranteed to happen, while this upgrade is not guaranteed to happen at all.

It's not even that long ago where people were speculating on STO's to be the next big thing for Ethereum and spark the next +$1000 bull run, but I don't see many people talking about STO's anymore. It's like people have accepted that it was a complete failure in terms of bullish price action.

Just don't calculate your profits already (i.e. don't order your lambo yet). Cheesy

imstillthebest

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Quote from: sana54210 on February 02, 2020, 09:50:07 AM

Top position prediction from the article found interest in me. Etherum was really surging for a long time as there was no development news from the etherum developers. It also made a lot of people get out of the etherum markets but this year etherum would bring us something new and exciting. DeFi or so called Digital Finance would become the need of the community which would drive most of the people in the etherum network.

Etherum would gain huge demand just because a number of people would come to have benefits from the DeFi as well as the Etherum 2.0 which really is going to catch the attention from people globally. That is what makes me speculate etherum markets more closely.

you said eth was no development but whats with the defi and eth 2.0 ? isnt that called development but i only dont know if what are thier dates . are they over or havent been started yet ? because there is still no hype building around etherium . but your right that the decline on the price is what makes people leave and this was the result for an even drop of the price for eth . lets just hope that eth can still recover and hope also that many upcoming projects will come to eth .

sana54210

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Top position prediction from the article found interest in me. Etherum was really surging for a long time as there was no development news from the etherum developers. It also made a lot of people get out of the etherum markets but this year etherum would bring us something new and exciting. DeFi or so called Digital Finance would become the need of the community which would drive most of the people in the etherum network.

Etherum would gain huge demand just because a number of people would come to have benefits from the DeFi as well as the Etherum 2.0 which really is going to catch the attention from people globally. That is what makes me speculate etherum markets more closely.

Latviand

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Quote from: BitcoinsGreat on January 29, 2020, 09:07:45 AM

Quote from: JessicaVL on January 29, 2020, 08:07:41 AM

A new year – at the start of a new decade – always feels like a fresh start. The last two years have been a bit sluggish for the crypto assets industry, but things are likely going to change as we go into the 2020s. Here are the top 5 predictions for 2020, and how you can use them to your advantage.

Read more here: https://zycrypto.com/top-5-predictions-for-cryptocurrencies-in-2020/

Five different predictions does not make nay sense. I would be happy to know if anyone can predict one correct value of bitcoin.
No one can predict it precisely.

It is impossible for anyone to accurately predict the market value of Bitcoin because its price is naturally volatile. Predictions of such cannot make a change on the market value itself. It will just drag those who do believe that much on the majority's assumption into high hopes and when things go to the opposite of everyone's expectations, regret would take place. People should now be not surprised everytime the market price fall and rise because it happens a lot in such currency.

tbterryboy

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Quote from: Hippocrypto on January 31, 2020, 08:08:32 AM

Volatility always tend to exist even though you're so careful with trading on different promising asset. The important is that you have the awareness of what's going on the market, because newbies always depend with the actual trend. They tend to become emotional once they find harder and pressure times on handling the reality of the market situation.

We should not actually consider newbies into the trading markets. Newbies consist of less than 20% of the total market cap and that is a number which could be neglected. Newbies also never have any direct relations with the market movements and they play blind with the prices they find suitable.

Above 70% of the total newbies never make any research or they do not even look at the past graphs before entering the markets and most of the time they end up buying at the peak and selling at the dip. This makes they never find any profits in the trading markets and most of the newbies exit the markets in panic sell which would never allow them to reenter the markets. That's why we should never consider newbies in terms of trading.

thecodebear

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Reaching $20k this year is definitely a possibility. If it happens I think it'll be for at a local top during the second half of the year, and then we'll have to wait for early 2021 to see it pass $20k for good.

$1 trillion market cap is not gonna happen this year - that's over a $50k bitcoin, so no. Definitely next year unless the market cycle pattern changes drastically.

I don't really see stablecoins and privacy coins being that big. At least not yet. Stable coins will get big once governments start coming out with them and switch over from the legacy fiat digital money system to a fiat cryptocurrency digital money system. Privacy coins might be big one day but that'll probably be a gradual thing and won't happen this year.

China launching a digital national currency is gonna happen, and maybe this year. This will be the first example of a stable coin that will be big as stated in the paragraph above.

I guess I haven't been paying attention to crypto news for a while cuz I don't even know what DeFi is. But apparently some Ethereum is getting locked up in DeFi applications so I guess that's good. Maybe that'll be the next thing to push Ethereum to huge gains now that the ICO wave has come and gone.

The Sceptical Chymist

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Top Crypto Casino

This is going to sound ignorant, but I never did the math and was surprised to read this:

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At the current circulating supply, Bitcoin would need to hit $50,000 to achieve a market cap of $1 trillion.

That would be something significant, even though I don't care much about market capitalization when it comes to bitcoin. The only importance it has in my mind is that if it rises high enough the better chance it'll have to become a global currency that everyone can use with ease. It would also allow institutional investors to buy bitcoin outright instead of using options to get exposure to the market. That can't happen if the sum total of all bitcoins is worth $168 billion--or at least not easily and not without affecting the price when buying or selling.

I stopped reading the article after the above prediction, and I'd be more in favor of the first one, i.e., that bitcoin might hit $20k. If that's as high as it got in 2020, I'd be elated. $50k? Bitcoin might not be able to sustain that price, especially if it got there too quickly.

Hippocrypto

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Quote from: jostorres on January 31, 2020, 06:26:13 AM

Quote from: JessicaVL on January 29, 2020, 08:07:41 AM

A new year – at the start of a new decade – always feels like a fresh start. The last two years have been a bit sluggish for the crypto assets industry, but things are likely going to change as we go into the 2020s. Here are the top 5 predictions for 2020, and how you can use them to your advantage.

Read more here: https://zycrypto.com/top-5-predictions-for-cryptocurrencies-in-2020/

For me, I’m not even interested in reading any predictions or whatsoever because right from 2018 I have just believed that there wouldn’t be any increase till 2020, though around April 2019, we did see some few changes and the went up to $14,000 before dropping back $7,000. But, I had this strong belief that 2020 is going to be something much bigger than the past years, especially because of the next halving that is coming on May.

Quote from: kolonel_x on January 29, 2020, 08:23:59 AM

I want to target my profit above 30%.

Don’t place your hopes too high, just relax and watch. I don’t really get my hopes high because I know that anything can happen, so I just take it that there is the possibility of losing and the price can drop at anytime.

Volatility always tend to exist even though you're so careful with trading on different promising asset. The important is that you have the awareness of what's going on the market, because newbies always depend with the actual trend. They tend to become emotional once they find harder and pressure times on handling the reality of the market situation.

jostorres

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Quote from: JessicaVL on January 29, 2020, 08:07:41 AM

A new year – at the start of a new decade – always feels like a fresh start. The last two years have been a bit sluggish for the crypto assets industry, but things are likely going to change as we go into the 2020s. Here are the top 5 predictions for 2020, and how you can use them to your advantage.

Read more here: https://zycrypto.com/top-5-predictions-for-cryptocurrencies-in-2020/

For me, I’m not even interested in reading any predictions or whatsoever because right from 2018 I have just believed that there wouldn’t be any increase till 2020, though around April 2019, we did see some few changes and the went up to $14,000 before dropping back $7,000. But, I had this strong belief that 2020 is going to be something much bigger than the past years, especially because of the next halving that is coming on May.

Quote from: kolonel_x on January 29, 2020, 08:23:59 AM

I want to target my profit above 30%.

Don’t place your hopes too high, just relax and watch. I don’t really get my hopes high because I know that anything can happen, so I just take it that there is the possibility of losing and the price can drop at anytime.

maxreish

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$20,000 is closest prediction that may possibly happen. Aside from that ATH that had mentioned from the link, of course Bitcoin halving is also one of the reasons for btc to reached that peak price.
Another thing, China is very open and transparent about their upcoming launching of their very own crypto coin and it's own CBDC. This will give a strong impact to the crypto market for sure.

Reid

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Quote

The number 1 prediction of the top 5 cryptocurrency predictions of 2020 involves Ethereum. At the time of writing, Ethereum is valued at $144.24. However, 2020 could be a massive year for the crypto asset as there is already over 3 million ETH locked in DeFi (Decentralized Finance) on the network, with many industry folks stating that DeFi is the most exciting topic of the year

Here is one good proof of it.
The time he wrote it was $144 and now it was at freaking $175 and gaining more daily.
Thank God I didn't forget to buy those ETH when it was still lat $130.
Now, I will still wait for ETH 2.0 and we might see more hype that will come around which I think will be normal.
That is a huge change for Ethereum.

TravelMug

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Just like to make a few comments on the predictions:

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3. Stablecoins and Privacy tokens will reign supreme

I'm not really sure about Privacy tokens though, I have the feeling that governments will come down on them hard so it's hard for anyone to invest on them.

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5. Bitcoin will reach $20,000

Well that's the initial target, to get over and posted over $20k, but it won't be an easy ride and I'm not totally sold that we can reach it this year. I'm seeing 2021 and beyond might be a safe bet to say the least.

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4. Bitcoin will reach a $1 trillion market cap in 2020

We almost did it in 2017, if my memory serves me right, we reached $800m, so it we reaches new all-time-high again so obviously this can be touch, but again not in 2020, in my opinion.

dunfida

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Quote from: cryptoaddictchie on January 29, 2020, 09:59:46 AM

From the 5 predictions. IMO, the most realistic to occur are the launching of China Digital currency and the healthy and stable improvement of eth with defi. As eth continue its improvement barely.

2020 is full of predictions especially on market price. Bitcoin hitting a $20k price is still a myth for now as the market tends to create huge correction each time there is a small pump happened. Also the $1trillion market cap is gonna need a lot of works if you asked me. This isnt easy to achieve as you need 10x of investors that invest during btc ATH to reach that goal.

Privacy coin and stablecoin continue to reign? Last time I heard is some exchange are delisting them, if I remember it correctly its Okex korea who delist major privacy coins, how come they can reign this year in spite of such negative headlines over their platform? Such statement but no basis.

People should realize this one rather than thinking or do hope for things which are unlikely to happen that fast even there are upcoming events for this year on Bitcoin but it isnt really that enough to spark out that trillion market cap.Its still early to say or presume on things to happen.

Predictions do remains as speculation which we cant still be sure on what would happen ahead.No matter how good these sentiments are but telling precisely on what gonna happen is impossible.
For now the best thing to be done as an investor and enthusiast is to utilize on what are the possible movements that lies ahead. Make profit on whatever the situation would be.

hugeblack

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1. 20000 dollars is an exaggerated price and an impressive one-year high, so it is highly unlikely that we will reach that level, especially with many stable currencies that will stop the rise less than 20000 dollars. I would be surprised if we got that price.
2. Market capacity is a useless indicator.
3. Hmmmm Huh

4. It might happen.
5. Agreed. But I do not expect a fundamental change in the price.

mahilchii

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So far so good Bitcoin is really going towards a way where everyone were desperately waiting for, well 2020 Jan is booming and hopefully it might continue. For me I feel like there could be a massive pump when halving appears, so I think I have to hold my asset and wait patiently until it reaches my mark. The current week is going on the favour and I expect the same in upcoming days as well.

Topic: Top 5 Predictions For Cryptocurrencies In 2020 (Read 366 times)