Will Bitcoin ever be 20K USD again? - page 3.

exstasie

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Quote from: hisslyness on May 20, 2020, 06:30:28 AM

Ask yourself something, Will you buy some Bitcoin at $20k?

It's not about us. We're already in from much lower prices. It's about mainstream retail investors watching BTC get hyped on CNBC and FOMO buying into a BTC bubble.

Breaking the 2017 ATH after 2-3 years of consolidation will look extremely bullish from a TA perspective. From the look of the current chart, I'm betting we'll see $20K by 2021.

Wilhelm

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Quote from: NeuroticFish on May 20, 2020, 04:01:02 AM

The answer to the topic title is "could be, but nobody knows for sure"

Quote from: Anish_Rocky on May 20, 2020, 02:01:04 AM

Why or why not?

Because, you know, time travel and crystal balls don't actually exist, so nobody knows what future holds.

Time travel does only in the wrong direction 🤣

harizen

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Quote from: Anish_Rocky on May 20, 2020, 02:01:04 AM

Why or why not?

Instead of asking if ever there will be a possibility for Bitcoin to reach $20,000 again, speculate instead when will this happen.

Both questions aren't answerable but at least it's more interesting to speculate when your dream price will happen.

As far as the bitcoin progress is concerned, it's always possible for Bitcoin to established again another ATH. Of course, it will take time. If you are looking for a technical analysis of why this $20,000+ price should happen again, I think it's not necessary.

I don't know the purpose why you asked that question but if you are the one who bought at the peak, you should be move on by now and already knows what to do after all these years.

gentlemand

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Even if things were boring but still alive and relatively lively, though not at all bubbly, it would simply get there because of dollar inflation eventually.

Why - Increasing education, awareness, avenues to buy and sell, less production.

Why not - the world going to shit.

BitSat19

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Quote from: gantez on May 20, 2020, 03:29:07 PM

I expect $20k price yes. It has happened and why not at the era of new halving, it should. But when that will happen is what is missing. I can not say that could be anytime soon or what time in the future but it a possibility that awaits us.

20K is not sure and no one can give you any time frame for this because we already face many other predictions about this all and most of them are not touching to reality any thing is possible we can touch this landmark and we can go down very big as well.

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Quote from: Anish_Rocky on May 20, 2020, 02:01:04 AM

Why or why not?

Why? Because why not?

Why not? Because why?

Don't seek an answer to that. That's the question that even the most professional traders can't answer.

But as always, it has the possibility. For what is the reason why it is possible, better do the research by yourself.

gantez

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I expect $20k price yes. It has happened and why not at the era of new halving, it should. But when that will happen is what is missing. I can not say that could be anytime soon or what time in the future but it a possibility that awaits us.

The Cryptovator

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This isn't impossible, but you will not get exact answer ever that when it will happen. If previously bitcoin could touch $20K then why its impossible once again? It's possible, but the answer always will be same if you ask when. There is possible answers if you ask why, its because of adoption. Since we all know bitcoin is limited supply, and as far as we can see the community of bitcoin expanding day by day. Although there is no much adoption lately but we would see slow adoption. For that reason we would encounter huge demand of bitcoin especially when we will able to use it almost everywhere at least on the online. So this demand automatically will lead to bump on the price and most likely then we will encounter previous ATH of $20K. But for again, we don't know when it will happen. I don't care who are predicting unrealistic price.

justdimin

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Obviously it will be $20k one day, not saying any dates when it will be, but eventually it will be. Why it will be? Because there are less and less bitcoins in the world every single day, versus there are more and more dollars (or fiat in general) printed every year. Which means eventually fiat will become less valuable, it has happened every single day in history and it will continue to happen as well.

Think about what you could have bought with 100 dollars 10 years ago, and compare it to today, look at 20 years ago, 50 years ago, 100 years ago. The further back you go, the more things that 100 dollars could buy, the closer to today, the less it can buy. Which means you will see that bitcoin will be one of those things that you can't buy as much with 100 dollars in the future.

Reid

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Answers to this type of question are difficult to make.

It could be just simply, maybe or maybe not.
Have you look at the graph of bitcoin from its inception up until now?
Is there a way that you could see when and how it goes that way?

But there is always a better conclusion. It goes up. Take that 20k 2017 history away from your mind. Forget it.

JimboToronto

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You're never too old to think young.

In 2010, when Bitcoin was worth pennies, the idea of a coin being worth a whole dollar was a pipe dream.

In 2011 after it had passed $30 and crashed down under $5, the idea of a $100 coin was laughed at.

In 2013 when it had soared up to $266 and crashed down to $50, a $1000 coin was a fantasy.

In 2014-5, after it had reached $1100 and dropped down under $200 people mocked those who talked about $10k coins and wondered if it would ever hit a grand again.

Now we have people questioning if we'll ever see $20k again. Twenty grand? Been there, done that.

Bitcoin is still very much in its early stages. While most people have now heard about it, very few really understand how it works or what it can be used for. Even fewer actually own any or participate in it. Even fewer than that use it on a day-to-day basis.

As adoption grows, demand grows. Supply is limited to 21m coins. With the halving the daily supply of new coins has been reduced. The price will continue to rise as the years go by.

The only thing that can be predicted about Bitcoin's price is that eventually it will keep going up. This is why selling unnecessarily is foolish.

$20k is just another stepping stone along the way.

maydna

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No one will know about that. We don't need why and why not because that will come out of our expectations. We can prepare ourselves for coming if that will really happen in the future, and if that will need years to happen, then we can try to work hard so we can have more bitcoin from now on. When we can have much bitcoin, we can sell the bitcoin at any price we want, and I am sure that we can make a profit from that. It is better to be ready in any condition so we can act based on the current situations, and we can know we should do.

blockman

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Nobody knows for sure but we're all hoping for that price to come again. Bitcoin is speculative and that's ok to think if it will get back to $20k or higher or if there's a thinking that it won't be getting back to that. It's a personal intuition and that becomes stronger if you have seen it on your own or you have done a mistake with a higher hope during those all-time high days. That affects your belief whether it can go back to that price or not but trust me, most of the people believe that it will.

Harlot

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When Bitcoin got up to 20,000$ nobody even think it was possible and BTC surprised everyone with it's bull run. What I'm trying to say is there is a possibility it will happen but if you are asking when and how we won't have an exact answer for that since we aren't even half way to the ATH. So what can we do if we don't know when it will exactly happen? You have no choice but to always monitor Bitcoin's activity through its price chart and see his price action if it is considerable to make a move to 20,000$ again.

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Quote from: Anish_Rocky on May 20, 2020, 02:01:04 AM

Why or why not?

There are so many threads created the same question what you ask so best to use the search before creating the same thread like this since its not necessary to put thus here while there is an existing one.

Sti I will give you my outlook about this.

Yes I believe that bitcoin willgo to 20,000 since people are thinking about positive future about this and we might see that bitcoins would rise to triple digit number since thus one is predicted by many people. but I also doubt for now since crisis is still here might the crisis will prolong since there's a pandemic.

hisslyness

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Ask yourself something, Will you buy some Bitcoin at $20k?

NeuroticFish

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Quote from: LeGaulois on May 20, 2020, 05:33:24 AM

On the serious side, we have more chances to see it happens than not. I mean, if you see the number of people predicting 1BTC could be worth $100k or 1 sat=1$ and the number of people telling us Bitcoin will collapse soon or later...

It's just speculations but statistically seeing how things are going for a decade there is a high probability to hit the $20k line again. (I can bet money)
At least I hope we won't need to say "The good old time when a bitcoin cost $20k"

That's correct. I actually expect we'll also have the days when we'll say "The good old time when a bitcoin cost $20k" (!).
Still, OP asked if that will happen. No event in the future has 100% probability, hence that answer of mine.
If he would have asked "do you expect..." or "is there a good chance....", then the answer would have been ... the speculations Wink

Edit: and I never trusted/believed the junkie dreams of Nostradamus.

LeGaulois

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Quote from: NeuroticFish on May 20, 2020, 04:01:02 AM

The answer to the topic title is "could be, but nobody knows for sure"

Quote from: Anish_Rocky on May 20, 2020, 02:01:04 AM

Why or why not?

Because, you know, time travel and crystal balls don't actually exist, so nobody knows what future holds.

Nostradamus predicted several events accurately so why someone couldn't do the same with Bitcoin? Cheesy

On the serious side, we have more chances to see it happens than not. I mean, if you see the number of people predicting 1BTC could be worth $100k or 1 sat=1$ and the number of people telling us Bitcoin will collapse soon or later...

It's just speculations but statistically seeing how things are going for a decade there is a high probability to hit the $20k line again. (I can bet money)
At least I hope we won't need to say "The good old time when a bitcoin cost $20k"

NeuroticFish

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The answer to the topic title is "could be, but nobody knows for sure"

Quote from: Anish_Rocky on May 20, 2020, 02:01:04 AM

Why or why not?

Because, you know, time travel and crystal balls don't actually exist, so nobody knows what future holds.

mk4

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The answer to 99.9% questions concerning bitcoin's price: NO ONE KNOWS.

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