Topic: Will Bitcoin ever be 20k again? Why or why not? (Read 505 times)

We have come to a point where people who entered the market in Nov/Dec 2017 are starting to lose faith. Some of them are selling and some are still in the game but thinking about doing the same. This is because the crypto craze has reached it’s peak in that period and people were throwing money at any coin that was showing even a small sign of potential gains.

the word about cryptocurrency is spreading around the world and more and more people are interested in it, so 20K for one bitcoin will be definitely, but do not expect this this year

Will it? Maybe. Does any know if this is ever going to happen? No. No one knows which way the market is going to go, it could go up, it could go down, it could literally do anything. Any estimate that people make is pure bullshit, people are trying to pump up the price by stating higher and higher numbers to make people buy or sell.

I hope so, but literally no one knows folks. We can pray, but it's only praying.

We have come to a point where people who entered the market in Nov/Dec 2017 are starting to lose faith. Some of them are selling and some are still in the game but thinking about doing the same. This is because the crypto craze has reached it’s peak in that period and people were throwing money at any coin that was showing even a small sign of potential gains.

All of this fear of BTC never reaching it’s all time high again is causing the price to drop and it will probably continue doing so until at least one crypto project finds mass adoption. Will it be Ethereum or Bitcoin or some other coin, we can’t know. Ripple has the biggest chance right now since they are the only ones trying hard to sell their product to banks and money transfer agencies.

To keep this answer short, I think BTC will go a lot bigger than 20k but time is a big factor now. The media won’t talk as much about BTC until it starts growing again but it can’t grow without media coverage. Mass adoption will bring new investors in, this will alert the media and if crypto finds a place in our everyday lives you can expect BTC to go a lot over $20k. I personally believe that it can hit close to a million per coin but only if cryptocurrencies as a whole become adopted worldwide. If they fail at mass adoption we could see BTC going back to hundreds of dollars or even less.

There's no reason to believe that BTC wont rise back up to its previous all time high, sure we're at around 60% dip right now in comparison, but the market has shown strength in the last few weeks, rising from as low as $6,000 up to almost $9,000. The last time we saw just a large increase eventually lead to it reaching its all time high. Old trends tend to repeat themselves in the world of crypto.

We have come to a point where people who entered the market in Nov/Dec 2017 are starting to lose faith. Some of them are selling and some are still in the game but thinking about doing the same. This is because the crypto craze has reached it’s peak in that period and people were throwing money at any coin that was showing even a small sign of potential gains.

All of this fear of BTC never reaching it’s all time high again is causing the price to drop and it will probably continue doing so until at least one crypto project finds mass adoption. Will it be Ethereum or Bitcoin or some other coin, we can’t know. Ripple has the biggest chance right now since they are the only ones trying hard to sell their product to banks and money transfer agencies.

To keep this answer short, I think BTC will go a lot bigger than 20k but time is a big factor now. The media won’t talk as much about BTC until it starts growing again but it can’t grow without media coverage. Mass adoption will bring new investors in, this will alert the media and if crypto finds a place in our everyday lives you can expect BTC to go a lot over $20k. I personally believe that it can hit close to a million per coin but only if cryptocurrencies as a whole become adopted worldwide. If they fail at mass adoption we could see BTC going back to hundreds of dollars or even less.

In general, here again 50 to 50 and both theories are possible. Since he had once pierced this boundary, he could shoot this, or maybe another, situation, that this peak was the only one for all his existence.

That is actually the problem.  The more people hold their coins, the less coins are in circulation. The market works improperly, and it should be revitalised. The reason for it is not only the fact that people wait to get profits, but the fact that there are not much things you can do now, except drugs and trading. This has to be changed before btc can go up to $20k and maybe more