Topic: When 20.000 again? (Read 537 times)

The panic selling is over as of now. Bitcoin reached $13k in some exchanges and this only means that some are beginning to hoard some Bitcoins again. $20k is not that far but it would take a few months to get there. I expect that price between early March and late April. Just like last year when Bitcoin pumped on the month of April.


LOL. Your digits are way off. 2X is more than enough to reach $20k from the current price. Where did 50X came from?

The panic selling has come to an end and I seriously believe we have resume another upward movement since the day before yesterday. Bitcoin get below $10,000 and it is currently above $12,750, this is a sign that we have resume bullish trend and this trend may take bitcoin to cross $20,000. Many of us including me panic about what has really happen since I have some investment and bought bitcoin for some one early January 2018! My prayers is that we would get to $50,000 before end of 2018.

I believe the same as the period between February and March will be the gamechangers and bitcoin will reach all time high and break all the barriers this dump was temporary but when the real pump starts in a month's time or so bitcoin will reach new landmark.

Probably on February, we only need to see how this month is going to be for bitcoin. But i really think that everything will keep being bullish just like it has been before.
And it is over $13000 at the moment, that is a very nice step.

you said 3,4 month it realy too long .
any good news from korea can make it hit $18.000

we are waiting for you to get $20k ready then we set bitcoin price to $20k for you, sell you one bitcoin, then bring it back down to $11k until you get another $20k 

The market is really unpredictable at the moment but with signs of the crypto economy recovering we could get back to $20000 that we thought we could be enjoying by now. Am estimating this to be possible after 2-3 months from now

I do not think we will see the 20K so fast again.
Most people have seen how fast it can go down from 20K to 10K again, and I suppose that will stick in peoples mind for a while.
I can imagine that a new trend up will start, but people will be more careful this time. Reching a level of 20K I don't know if we will see it happen again this year.

Well , iv very unlikely to reach $ 20k  in the next week's , becouse Bitcoin has continuously dropped  in the last few weeks, so it's gonna take some time to reach again $20 k , but It should reach in just a few week's or maybe months .  Yesterday Bitcoin riced up to $12.500 , Bitcoin starts ricing, maybe know it's gonna reach $ 20k . Hope it's gonna reach that value , we all want that , its more profit .

I think it will start pumping again in the middle of the year or maybe in the last 4 months of the year,  no one knows but we must wait until these things stopped and continue its increasing value.

i am confident enough that the bulls are back, i think we will be seeing an all time high between february and march in connection with the contract renewal of bitcoin futures CBOE, and today will the perfect timing for bitcoin entry,

this seems to be going on for quite a while. price pumps may be front bumps, currently many traders who only trade short-term, looking for a little profit but take place at any time. Unstable markets can be a boon for some. but I just buy and hold.
because this might be an advantage for me when the price pump starts to happen

I think we can get to 20k again in the next 3 months, even 2 if we hit a bull run. But then maybe we'll have a correction to 16k

in my prediction probably btc are having risen again even though they started the stand slowly but I see increased although now btc is at position $11 k but this will increase when the btc are having on $20 k then this will spur bitcoin has increased again in 2 months, I was expecting this to happen at the price of bitcoin for the upcoming and future later

Hmm don't think it will take that long.
I think we could see the bear trend for another 1-2 months.
Then slowly grinding up again.
Equalizing the actual ATH could be around june or july. After that it's again time for some moon run.

Towards ending of the year before it will get to that price again....

Yes, the similarities with 2014 are strong: a crazy bubble with an ATH that was manifold the previous year's average, a crash, a bull trap, and then a long, agonizing, slow decline for a few years.  There was a previous crazy bubble in 2011.  

ATH on June 8, 2011: $29 coming from $1 a few months before. Crash down to about half of it, $6.5, on August 6, 2011.  Bull trap back to $11.15 a week later, and slow decline to around $2 - $3 for the rest of the year.  Next year, 2012, slow rising back to about less than half of the ATH, around $10 - $12.  2013: first crazy run-up to over $100 (even one day, over $200) in April 2013 with peaks over $1000 at the end of the year.  New ATH at $1124 on December 4. 2013.  Crashing down to less than half of it $522 on December 18. 2013, with bull trap back to $800-$900 in January 2014, followed by slow decline for the rest of the year (about $300 towards the end of 2014), with deep point $199 on January 17, 2015.
Stabilizing during 2015, steady value around $250 until October 2015.  Rise from there onward, until boom in December 2017.

I have the impression that the times between bubble bursting is becoming larger, but the pattern is repeating.  It has the typical pattern of a speculative bubble, except that usually, speculative bubbles are a one-time phenomenon, and bitcoin has already had 3 successive speculative bubbles.  So I guess the next one is for 4 or 5 years from now.

However, the lessons are two-fold.  On one hand, many people may realize they are in for a long bear period and may decide to sell now, even if it is to buy back in at the bottom (one year from now or so), some order of magnitude below the ATH ; as such, this becomes a self-fulfilling prophecy.  People may also realize that bitcoin may bubble again, and that it would be unsafe to sell because one might miss the train.  I guess this was already the case after the 2013 bubble, explaining the very slow decline.  

But the situation has changed.  There's competition.  Bitcoin was alone essentially during the two previous bubbles.  Now, bitcoin is about 1/3 of crypto, and technically in a bad shape.  The driving belief of "money of the future" is also gone.  In 2014, you could still talk people in believing they could buy their groceries one day with bitcoin, that's over now... unless the lightning network proves to become a great success, which I personally doubt, but you never know.  Bitcoin as the new world currency was still a dream in 2014, it will be much harder to convince people right now.

So it is really an open question whether bitcoin will have had its last bubble, or whether it will bubble on like it did in the past.  However, normally, we should have a long bear market ahead.

It will happen at some point, why are you so in a hurry? There is nothing wrong with waiting a long time until it happens.. And you have more time to keep buying more... i do not understand why you are so impacient about seeing the price at 20k again.

At first, I don't think it was a pump at all, but a straight move/surge in the value of Bitcoins.
It already lasted, and I think Bitcoin has survived this once again and out of danger once again.
Volume and value both are now steady which is much better than that slip that took place in just a period of 24 hours.
Korea situation is slowly getting out of trend (just like China's scene). Just think, what would happen if it follows the same pattern it made last year when it crashed from $5000 to $3500, and then $20000? Don't panic, hodl.

I think it will go past 20k. When the market corrected back in November, didn't the price shoot up past the ATH of 10k? And then we had 2 corrections since then, but didn't get past the ATH. I think we've safely hit the floor with this last one though, so the movement will come back to BTC similar to the way it did in November. It might take a few weeks though, so just be patient.