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Topic: Why Bitcoin will not hit 20000 soon? - page 10. (Read 2048 times)

member
Activity: 336
Merit: 14
August 01, 2018, 02:35:15 PM
#44
Bitcoin hitting $20,000 before the end of the year is just history repeating itself. I don’t want to complicate things.  Smiley
newbie
Activity: 96
Merit: 0
August 01, 2018, 02:22:07 PM
#43
You are wrong. Bitcoin has always been and will be more in demand than any other crypto currency, so Bitcoin will grow. Even if someone wants to buy altcoin, you'll have to buy first bitcoins.
full member
Activity: 539
Merit: 100
August 01, 2018, 02:21:24 PM
#42
I think that ICO does not affect the price of bitcoin, well, it seems to me nonsense
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
August 01, 2018, 02:10:58 PM
#41
It won't do it soon, but it depends what you're treating as soon. If you look at the predictions, even the bears are thinking that we'll moon in 2019. There are only 2 people who are in Bitcoin. Bulls think that it will go up this year and bears who think it will go up next year, there's nobody else (or at least there's so few of them that i'm not even counting them as a group, but we could call them 'bitcoin is dead trolls'), which should already tell you something.
hero member
Activity: 966
Merit: 501
August 01, 2018, 01:15:06 PM
#40
Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.
Actually last time ATH price of bitcoin of 20,000 dollars was not its actual price and it was only due to launch of bitcoin futures.But this time,there's no such event.I would say that it would be hard for bitcoin to even cross and remain above the 10,000 dollars price.
There are several factors behind this situation.The forces of demand and supply play a role in determing the price of bitcoin.The demand of bitcoin is down a bit these days and the price is also down.People are selling their bitcoins due to this reason only.Bitcoin is also banned in some nations due to which the price is falling down.The amount of investment done in bitcoin also deternines the value of bitcoin.But yes it can reach near this value later in the future.
newbie
Activity: 112
Merit: 0
August 01, 2018, 01:07:57 PM
#39
Where are you in a hurry to?we will get there soon even on the eleventh hour,the glory of btc will shine big time.This market is full of surprises.As things look more gloomy,it can also turn around so soon than we all expect.The market should be like this,so that no one can be able to correctly predict its movement.
hero member
Activity: 1361
Merit: 506
August 01, 2018, 01:04:00 PM
#38
Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.
Actually last time ATH price of bitcoin of 20,000 dollars was not its actual price and it was only due to launch of bitcoin futures.But this time,there's no such event.I would say that it would be hard for bitcoin to even cross and remain above the 10,000 dollars price.
newbie
Activity: 53
Merit: 0
August 01, 2018, 12:50:36 PM
#37
This year, many worthless ICO projects are randomly entering the exchange, which has hurt the entire industry's ecosystem, and I don't think the price of bitcoin will soon return to $20000.
newbie
Activity: 160
Merit: 0
August 01, 2018, 12:47:23 PM
#36
Yes, I fully agree with you. Bitcoin is really unlikely to return to 20K in the short term. To know that the market is now full of foamed projects, which is caused by the abuse of ICO.
full member
Activity: 448
Merit: 100
August 01, 2018, 12:44:26 PM
#35
I don't believe in it that the several ICOs coming up on daily bases are responsible for the current price of Bitcoin. ICOs have been with us and there were so many icos last year and yet bitcoin reached an ATH. Please note that several ICOs could not meet the hardcap due to the low bitcoin and ethereum prices.
newbie
Activity: 140
Merit: 0
August 01, 2018, 12:43:23 PM
#34
Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.
be patient, for now we just have to wait.
I am very sure that in the middle of August next bitcoin will pump. although not up to $ 20,000 is at least a little below that price.
member
Activity: 80
Merit: 10
August 01, 2018, 12:35:40 PM
#33
I think it will not be $ 20k soon, maybe 5 years later, ETH will probably have a larger market capitalization as it has a good foundation to support many different coin. Wink
sr. member
Activity: 742
Merit: 253
August 01, 2018, 12:34:47 PM
#32
Maybe that will happen, this takes a very long time, many people throw away to get profit, ICO does not give effect to Bitcoin, Bitcoin will continue to grow with its own hands over time, massive adoption always happens for every year signifying the market is always volatile, people will be more aware of buying Bitcoin than others.
newbie
Activity: 68
Merit: 0
August 01, 2018, 12:11:46 PM
#31
Bitcoin is standing at the top of crypto currency and have a higher value than other coin. But in This situation i want to say that, bitcoin will hit $20k very soon.
And i think now 2018 and very early bitcoin price grow first and 2020 year when price make $20k.           
hero member
Activity: 3052
Merit: 651
August 01, 2018, 11:52:24 AM
#30
Half agree.

Investors are dividing their capital so that they could go with the flow of the crypto industry. They also want that one time millionaire type specially new investors and even the average one with just the enough dollar to invest with.

ICO's have been booming but mostly are scams or cannot even get that soft cap that they wanted. Somehow this also put doubts with investors. So there is a 50-50 chance here. They might stay with bitcoin for security or risk it with an ICO.
I guess it will depend on them. I would rather stay with bitcoin although I am also reading some good ICO's.

Let us not forget that bitcoin buyers will keep on coming. New ones. This means more demand. It is non stop cycle.
member
Activity: 627
Merit: 14
Crypto Article Sharer!!!
August 01, 2018, 11:50:08 AM
#29
There are many reasons for it.On them some are it's reputation fact,new ICO's entry,low confidence of investors,some structural weakness e.t.c. Now time it's survive for gain it's position back.But it is not enough for future of btc.I think it will take sometime more to hit required economy.
newbie
Activity: 317
Merit: 0
August 01, 2018, 11:46:18 AM
#28
Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.

this is like being bound to two things that need each other, the complementary things between bitcoin and ico are good things and as a complete and important trap between bitcoin and ico
newbie
Activity: 183
Merit: 0
August 01, 2018, 11:40:17 AM
#27
Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.
There is no link between the number of ICOs and the BTC price. The BTC has not raised prices due to the shark submerged, they will still drown in order to accumulate more BTC, in addition to the bad news from governments
jr. member
Activity: 108
Merit: 6
August 01, 2018, 11:37:38 AM
#26
If BTC can stabilize above 8k we could see a near future of 20k. The big mining facilities kept it above 5k. The general public will jump back on board of FOMO if there is a stable 8k-10k. I believe once it breaches the 5 digits we could see a growth to where we were last year.
member
Activity: 420
Merit: 10
August 01, 2018, 11:35:29 AM
#25
I'm sure that bitcoin will reach the price of $ 20,000 already in late 2018 or early 2019.

In 2020, the cost will fluctuate in the range of 60, 000 - 100, 000 dollars
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