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

That's something that no investor should ever do. FOMO buying simply is the one thing that you never want to do, because inevitably you will be left with little options to work with when you want to liquidate your assets.

If these people are actually wanting to sell at near the bottom of a bear market, then all I can say really is that it's incredibly stupid.

Buying high and selling low, is simply not a strategy that works.

$20k will be a matter of time. In fact, when the next bull market comes by, it'll just be a matter of time before it peaks above the previous ATH of $20k. But BTC isn't a magical investment fund that's gonna get you rich, and people don't realize that during the pumps last year. Adoption takes time. Positive media coverage takes time. The conditions of the next bull market takes time.

It is true that media and mass adoption can help the price of bitcoin to go up and possibly reach one of the speculation of some persons in crypto community. But expecting the price of $20k this year may seems hard to achieve even if weak hands do not learn to stop shaking their hand and create ambition to reach the expected price of the strong believer.

Having a timeline for the price jump is really hard to predict and hence you really cannot tell that the price wont touch all time high this year, it only needs a couple of good trading weeks to reach those valuations and we have plenty of time this year to reach those valuations.

I do not doubt the possibility of the Bitcoin movement that can get its value at 20K, since it is still the best of all
the coins. That is only a matter of time, sooner or later btc will rise again, everything is still possible, I am sure that bitcoin will rise again at the end of the year.

It will, we don't need to hope, we don't need to see because it will really come not just $20k but more than that  but it takes time we just need to be patiently wait if we will not wait then I don't think that we are all aiming at one goal, if we don't aim to one goal it would be hard for us to have that $20k.

I believe that bitcoin prices will reach $ 20,000 by 2018. For now until the end of the year it will be enough time for bitcoin to reach $ 20,000.

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.

This is crypto undertaking its natural course. That hapoens, dips and rises are bound to happen. I will say Yes, Bitcoin can hit $20k again. My reason being that we have been there before and so it's not going to be a first time journey.

I think the $ 20,000 bitcoin is great. A few hundred is difficult, although the market is not strong enough to influence but not easily affected

Bitcoin's price pumping to 20k is not that impossible to happen, and surely as of now there are already new users of crypto currencies, which may help to boost its price. If we continue using and more people and companies will use this in different ways, it can be factors of bitcoin's price to increase. For us, we just don't assume too much because maybe we end to different conclusion/s.

while the owner of the Japanese stock exchange Mt. Gox which went bankrupt in 2014 will not settle accounts with its creditors, selling bitcoin when it grows in large quantities, collapsing the market, bitcoin 20k will not reach

That is just a matter of time, sooner or later btc will rise up again, everything is still possible, I'm sure bitcoin will go back up at the end of the year.

Well we  really decide for everyone if that's how they think of bitcoin. If they want to sell them then maybe its either they need the money or they just don't believe in bitcoin and was just joining in for the hype because of how much it reached last November. And to answer your topic, I think yes Bitcoin will be back to $20k again but we still dont know when it will reach back to that amount again. You just have to keep your faith and hodl your coins.

base on the movement of Bitcoin in the chart the chance of getting the price to 20k usd again is very low. We need lots of good news or new investor or new hard forks again to break the resistance. However, we are talking about cryptocurrency there will always be a chance that price will jump a lot like last year.

I do not doubt the bitcoin will reach 20k this year, bitcoin is still the most popular in crypto and it's possible for bitcoin to reach 20k this year, be patient it will happen.

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

Since Bitcoins have been able to reach the $20K value I am certainly sure that it will have the ability to reach that value once again even if it takes a lot of time, I am still sure it will one day reach those high end value again.

This is how deflationary coins work. At start the number of coins increases because of the emission. Then over time the number of coins in circulation is decreasing because of HODLing and people losing their coins. All make the coins get more and more precious.
Is this a bad economic model? With 8 decimal places it may not be that bad yet.

Do you want inflationary coin? Dogecoin is one such example...

Well i think if this would happen then there are many bitcoiner who will become millionaire, i want them to happen if i have many bitcoin on my wallet, but the saddest part is we do not have any idea for that and besides we can't predict the price of bitcoin, but for now i think it's impossible to happen in a short period of time.

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

If you really trust bitcoin then do not hold bitcoin for a short time and hold it for a long time a few years maybe. Bitcoin will really hitback 20k$ this coming december and it will continue to go up until next year. Though it is not 100% guaranteed but there is a huge possibility that it will occur so let us keep holding and buy more bitcoins.

Yes. Of course. Mass adoption will play a big part in growing the crypto market. Because, I think that most of the people doesn't even know that cryptocurrencies exist. And even if almost all people in the world knows it, not all will invest. But we can still see some improvements in the value if that were to happen. It can surpass the all time high but not today and not also in the early future.

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.

One million dollars for a coin isn't a real result for bitcoin, because it will be at death if it can't solve the problem of transaction speed

I think it will, in time. It's just a matter of convergence of all the factors that have the capacity to help it grow and rise up in value. If those factors will collide once more like what happened in the last quarter of last year, then it would be a good turning point for this market because the people who are holding Bitcoins would surely have the chance to make it big by disposing off their held Bitcoins, which I am sure, they have been patiently holding for a long time.

The whales themselves will increase the market by 100% +. They should let the slightest information guide and raise the price a little as all media will remember the last year's success of the crypto currency. Everything is very simple.

This year will be a repetition of the past with an accuracy of 100%. Bitcoin price 100% will be 20k + over a period of time. Whales will not miss the chance to raise the price to heaven with nothing, prepare your portfolios for replenishment this winter.

we will see what effect the FIFA World Cup has on its price!

BTC will rise to $20,000 again, we just need to wait slowly!

Now the difficulty of mining is increasing, and BTC is accepted by more people, and the BTC circulating in the market is decreasing!

These factors will inevitably result in the price of BTC going up!

Whales continue to try to take money from large market players.

In order for the market to become more active, it is necessary to grow the Crypto-currency by 100% or more

im pretty sure it will rise back to all time high this year its a posibility it will not reach the all time high but i have high hopes for it to reach or even surpass the price there are alot of adoptions happening more and more people will use bitcoin and companies might use also use bitcoin as payment method or use its blockchain technology.

Absolutely. Crypto market moves in cycles and we're currently in a bearish cycle. Once we the global uptrend starts we should surpass 20k and reach a new ATH

It will certainly reach $20 k again, you can expect that in next 3-4 months only.  And the "ever" you used is laughable actually as some people expect it to reach even a million mark one day.

I am sure that BTC will skyrocket, maybe 20k
The highest point of the 17K BTC would be far reaching
The only problem is time

It will definitly touch $20 k and that to this year itself, but there will be many corrections before that as people stuck with their investments will sell. Thereafter, it will go up very fast.

I really doubt it, if it will jump to those numbers it will fall back down real fast.

I am optimistic that bitcoin prices will reach $ 20,000 or more. its just need time I believe maybe this will happen next year. Be patient is the key now because if you panic you will miss something big

I’m very optimistic that it will. It’s just a question of which month this year. No point in investing if one has a negative mindset. $20,000 is not that too difficult to reach considering the entry of reputable companies into cryptocurrency and upcoming government regulations that boost confidence among the general public.

If we say bitcoin will not increase again then we assumed that we are in the dispensation of stableness. Meaning bitcoin is in stable price that won't move again to goes up neither goes down. That case wasn't the reality. Bitcoin is the only coin that have this kind of price in the market. Motion to goes up and down is active. Then it will surely increase in due time maybe more than 30k or more.

I believe in the potential set by the futures market. When you are dealing with that much institutional money and experience, you have to trust that they felt justified in securing those prices.

no one can guarantee in the near future bitcoin will go back to last ATH or even touch down a new ATH. The history of bitcoin says the longest time bitcoin did not move significantly for 2 years. That means only time can answer. The current price of the bitcoin has not reached 50% of the last ATH, but who would have thought, with a high rate of fluctuation, bitcoin could rise significantly just in a few weeks.

Yes it will easily surpass the 20k mark =) Bitcoin is the only true decentralized protocol.  It has withstood years of scrutiny and network attacks and survived  almost a decade of market ups and downs.  It's just a matter of time.

The price will definitely come back for another month, and you should be patient enough because it's all it takes to fight a hard time being bummed, but trust me that bitcoin will go back beyond the 20k price

Bitcoin is volatile there is no reason that it would not rise as high as 20k. Factors to consider also is time it maybe a short time till bitcoin will rise and go down but usually by the end of the yesr the dip is pretty large.

It will we way more than 20K , because sooner or later the word will spread over more people and people will realize the blockchain tech is the future

It would, bviously the demands affect the price, right? as we move forward there are always new bitcoin buyers and joiners, that's why little by little the demands are increasing. Now do the math.

The road from 0$ to $1000 is way more difficult than from $1000 to its encoded value

I think it will but not anytime soon!

How many satoshi are in 1 btc? this might help you with the bitcoin price.

It can anytime another Bullish market starts. Or a million people starts to believe in Bitcoin and start investing all the way in. Now we see BTC market is scattering and going to alts that is why it is having a hard time to go back to 20k USD, and add the  people who gives a negative image on BTC.

I can not make a speculation that Bitcoin will go up at the end of the year. I am afraid that many people will lose if nantintnya Bitcoin price does not match our prediction and expectations. So we should play safe with our money.

It is same question like the one people used to ask when bitcoin dropped from all time high price of 1000 bucks and we all know that is now just a 5% of the all time high price of bitcoin. So just do the math, price can easily come over that $20k all time high and we can't estimate what will be the new ATH.

I Think this belong to speculation sub-board..

Problem bitcoin to reach 20k again I still believe it will be achieved with the time that will be soon, and I still believe to happen at the end of this year, and we must be patient to get the benefits of bitcoin, and I also hold bitcoin for my sale at price 50k later.

Why not? that is the question that you need to consider before starting a new thread in here.

It will, but you need to understand that it wont happen anytime soon, bitcoin is bearish since it touched 20k and then it started to go down.

Hello everyone, it seems to me that bitcoin has a huge potential. And the price of bitcoin will grow even more than 20k dollars. Time will tell!

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.