This may happen and may not. This greatly depends on how the world will interact and adapt to bitcoin and how bitcoin will develop to be user-friendly over time.
People are scared of a thing if they do not know it, they consider it risky, so I think user-friendliness will the key.
Topic: Will Bitcoin ever be 20k again? Why or Why not? - page 10. (Read 1789 times)
Bitcoin soon after its introduction in 2008 became the only decentralized, transparent, fast and non-repudiable protocol. Bitcoin in no time underwent a significant growth by provoking a certain kind of hysteria in the investors and speculators to earn great profits. As the popularity of cryptocurrency rises, many countries like China started imposing strict restrictions in September, 2017 by calling it a ‘fraudulent practice’. Social media platforms like facebook, twitter and Google joined hands and banned all types of cryptocurrency ads. Since then, the value of bitcoin fell by large margins. As a result, many lost their confidence and interest in the market.
But by far, Bitcoin has lived in a “space of unknown” to the general public with less crypto-educated people. Once that changes, bitcoin will once again see the paradigm shift to find its stable place in the market.
The question of whether bitcoin will ever hit 20k again has turned around the minds of all sleepless investors who entered the market of cryptocurrency in 2017.
I believe that Bitcoin has a lot of potential in surpassing the past records if the concept of cryptocurrencies reaches its true potential and is adopted worldwide.
Let me know your thoughts? Do you think Cryptocurrency is past its heyday and no longer going to revisit or surpass its past glory days?
But by far, Bitcoin has lived in a “space of unknown” to the general public with less crypto-educated people. Once that changes, bitcoin will once again see the paradigm shift to find its stable place in the market.
The question of whether bitcoin will ever hit 20k again has turned around the minds of all sleepless investors who entered the market of cryptocurrency in 2017.
I believe that Bitcoin has a lot of potential in surpassing the past records if the concept of cryptocurrencies reaches its true potential and is adopted worldwide.
Let me know your thoughts? Do you think Cryptocurrency is past its heyday and no longer going to revisit or surpass its past glory days?
It will.
Because bitcoin has a really unique feature that other payment system don't have.
Market already stagnat for at least 1 month, we will see market movement soon
BTC will definitely break through the $20,000 mark again!
The blockchain boom is swept the world, and people will soon realize the importance of cryptocurrencies! Bitcoin has a huge chance!
The blockchain boom is swept the world, and people will soon realize the importance of cryptocurrencies! Bitcoin has a huge chance!
$20,000? It would surely reach that price again in my opinion. It's just a matter of when.
As much as I don't want a economic crisis to happen, I think an economic crisis is what would bring the prices up significantly. Especially for 3rd world countries, chances are, people would be looking for a sort of 'hedge' against their local fiat money(pretty much like what happened to Venezuela); and I think gold and silver would be quite unlikely to be their choices. While precious metals are more stable in price, they're really isn't easy to transact with. Not to mention they could be faked.
P.S. Take my opinion lightly. Not an economic expert or anything. I definitely could be wrong.
As much as I don't want a economic crisis to happen, I think an economic crisis is what would bring the prices up significantly. Especially for 3rd world countries, chances are, people would be looking for a sort of 'hedge' against their local fiat money(pretty much like what happened to Venezuela); and I think gold and silver would be quite unlikely to be their choices. While precious metals are more stable in price, they're really isn't easy to transact with. Not to mention they could be faked.
P.S. Take my opinion lightly. Not an economic expert or anything. I definitely could be wrong.
Bitcoin soon after its introduction in 2008 became the only decentralized, transparent, fast and non-repudiable protocol. Bitcoin in no time underwent a significant growth by provoking a certain kind of hysteria in the investors and speculators to earn great profits. As the popularity of cryptocurrency rises, many countries like China started imposing strict restrictions in September, 2017 by calling it a ‘fraudulent practice’. Social media platforms like facebook, twitter and Google joined hands and banned all types of cryptocurrency ads. Since then, the value of bitcoin fell by large margins. As a result, many lost their confidence and interest in the market.
But by far, Bitcoin has lived in a “space of unknown” to the general public with less crypto-educated people. Once that changes, bitcoin will once again see the paradigm shift to find its stable place in the market.
The question of whether bitcoin will ever hit 20k again has turned around the minds of all sleepless investors who entered the market of cryptocurrency in 2017.
I believe that Bitcoin has a lot of potential in surpassing the past records if the concept of cryptocurrencies reaches its true potential and is adopted worldwide.
Let me know your thoughts? Do you think Cryptocurrency is past its heyday and no longer going to revisit or surpass its past glory days?
But by far, Bitcoin has lived in a “space of unknown” to the general public with less crypto-educated people. Once that changes, bitcoin will once again see the paradigm shift to find its stable place in the market.
The question of whether bitcoin will ever hit 20k again has turned around the minds of all sleepless investors who entered the market of cryptocurrency in 2017.
I believe that Bitcoin has a lot of potential in surpassing the past records if the concept of cryptocurrencies reaches its true potential and is adopted worldwide.
Let me know your thoughts? Do you think Cryptocurrency is past its heyday and no longer going to revisit or surpass its past glory days?
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