Why Bitcoin will not hit 20000 soon? - page 12.

jmesfisher

newbie

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Quote from: djcounter on August 01, 2018, 10:03:12 AM

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.

in my opinion, because it is not regulated, people who control money are scared about the entire crypto society... just because they can't control and they can't track it

they will create negative conditions for the investors until get it regulated.

podidhana

newbie

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I think the main reason is all BTC holders are scared because they are thinking BTC will down more. So all BTC holders are selling them Bitcoin. As we can see in every exchange have a lot of sell orders in the Bitcoin. It means Bitcoin trend will go down. So Bitcoin can't hit the 20000$. But at this moment Bitcoin's movement ready to change the trend. I saw people are buying BTC and stop selling. Maybe BTC can hit 20000$ in this year or the beginning of 2019.

geminiboy

full member

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https://ammut.network/

Quote from: djcounter on August 01, 2018, 10:03:12 AM

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.

bitcoin will grow as buy orders more, bitcoin grows not because of ico that many popping up, starting from early 2018 many ico not reach hardcap because bitcoin price down big magnitude

centurionlaw

newbie

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Yes u are right ICO give's a big impact on bitcoin price but this the part of business and if we talk about bitcoin price will not hit $20000 because many countries are planing to ban and regulate bitcoin so investors in double mind situation also supply and demand of bitcoin is responsible for bitcoin price growth so we can say this price of $20000 will take time to hit this target.

djcounter

jr. member

Activity: 163

Merit: 1

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.

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