Topic: Will Bitcoin exceed 20k this year like in 2017? (Read 1310 times)

Quote from: Farma on June 07, 2020, 02:16:33 AM

As we saw in 2016, Bitcoin got its full form, and at the same time all the Crypto Markets looked like the Green Sea, do you think we will be able to see the green field just like before after Bitcoin halving this year as well. I think something better is coming for us, what do you think?BTC

I have been reading the same topic every month or the next about this question,Why can't we move on from what Hype
of 2017 brings us and just be facing the reality of
life now?market is not going anywhere close to that price this year or even the next year because the effect of Covid19
will continue being a burden of every people in the
world.even Rich people are now taking this crisis seriously because this is not just a sickness but this is a virus that has
no cure until now,so Please exceeding to more than
20K$ was not an prospect now instead we are monitoring maintaining at least 10k or 5 digits value and too far from 20k$
.and also why not just let your self busy in many things?
facing the Virus for your family or finding another way of profiteering aside from Crypto investing and just leave your
investments here for a year or more?

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: josgandosbro on May 31, 2020, 07:31:33 PM

to reach price of $10k bitcoin is still experiencing difficulties what else with the price of $20k, in my opinion expect prices like that this year is very impossible because it is too fast after half the bitcoin. all need time and process

for now, this is indeed very difficult to imagine, because the price of $ 10k is still quite difficult to achieve. according to speculations that I think, the price of bitcoin will not reach the price of $ 20k this year, only the range can reach $ 10k to $ 15k. however the halving just happened last month, so its development and potential have not yet been seen.

Speaking of development and potential, Bitcoin has already showed that from the last two halving. Now, we are in a very different situation, and we don't expect a price similar to what happened before. Though we still have a lot of time until next year to watch for the market cap hoping to rise again as a halving effect. But then again, nothing's guaranteed yet, though the market sentiments are in bulls favor.

Farma

legendary

Activity: 2492

Merit: 1001

Leading Crypto Sports Betting & Casino Platform

Quote from: josgandosbro on May 31, 2020, 07:31:33 PM

to reach price of $10k bitcoin is still experiencing difficulties what else with the price of $20k, in my opinion expect prices like that this year is very impossible because it is too fast after half the bitcoin. all need time and process

for now, this is indeed very difficult to imagine, because the price of $ 10k is still quite difficult to achieve. according to speculations that I think, the price of bitcoin will not reach the price of $ 20k this year, only the range can reach $ 10k to $ 15k. however the halving just happened last month, so its development and potential have not yet been seen.

STT

legendary

Activity: 4102

Merit: 1454

Quote

even if the virus will gone now for sure it will take for so many months or even years for some people to get back on what they lose when the pandemic occur

The virus isnt gone and most people are still in the targets for future trouble, when its possible for people to write those words its gone un-ironically I suspect we'll have a second bump in cases and it might even repeat history and be worse then the 1st bout of cases. Hope we dont see that but seems people expect the trouble to decline going forward when it can be worse as we have to deal with both the clearup of previous losses and future cases still happening.
Somehow I think we are still complacent, 20k in this year would an extreme flip to the 3k low. If price is going that high, the situation, graphs and possibility has to develop alot more so its 1 or 2 years out imo.

josgandosbro

full member

Activity: 589

Merit: 102

to reach price of $10k bitcoin is still experiencing difficulties what else with the price of $20k, in my opinion expect prices like that this year is very impossible because it is too fast after half the bitcoin. all need time and process

culuuton

hero member

Activity: 1593

Merit: 502

Quote from: lunnatic on May 31, 2020, 04:44:36 AM

Quote from: ultrloa on May 31, 2020, 03:35:09 AM

Quote from: UmerIdrees on May 31, 2020, 01:24:21 AM

Quote from: ultrloa on May 31, 2020, 03:35:09 AM

Price is challenged in 2020 for a variety of reasons if it wasn't already obvious, we need to work through all the possible selling and develop the blockchain and its uses further;

i thought your going to say because of the covid because covid is the obvious event that we feel right now that could also affect to the price of bitcoin but the reason that you described above are not that obvious . blockchain is already popular and btc is already popular too so i dont think that we still need to sell or develop them . people are just waiting for the things to calm down so that they can enter or re enter again and that was the time you see the price pumping possibly up to 20k usd

There can be number of reason why bitcoin may not cross all time high in 2020. Covid 19 may be one reason for this. People are afraid to invest these days because of pandemic situation. I think we will see ATH in 2021.

Covid is the big reason since it affect people financially and even if the virus will gone now for sure it will take for so many months or even years for some people to get back on what they lose when the pandemic occur, Year 2021 is promising year so hopefully we can see a massive pump by that year to come so that we can see the bitcoins get another great confidence from those investors who doubt it right now.

because of Covid19 I think crypto currency is increasingly recognized by the public, because everything is at home,
the internet is one of their needs, maybe after covid is finished people will try to buy Bitcoin, hopefully

I think Covid isn't a serious problem. The investors they will buy as soon as they see a big opportunity, so they will not wait until the pandemic ends. 20k is hard but it is quite possible this year, we have 7 months to see the result.

lunnatic

sr. member

Activity: 1190

Merit: 250

COMBONetwork

Quote from: UmerIdrees on May 31, 2020, 01:24:21 AM

Quote from: UmerIdrees on May 31, 2020, 01:24:21 AM

Price is challenged in 2020 for a variety of reasons if it wasn't already obvious, we need to work through all the possible selling and develop the blockchain and its uses further;

i thought your going to say because of the covid because covid is the obvious event that we feel right now that could also affect to the price of bitcoin but the reason that you described above are not that obvious . blockchain is already popular and btc is already popular too so i dont think that we still need to sell or develop them . people are just waiting for the things to calm down so that they can enter or re enter again and that was the time you see the price pumping possibly up to 20k usd

There can be number of reason why bitcoin may not cross all time high in 2020. Covid 19 may be one reason for this. People are afraid to invest these days because of pandemic situation. I think we will see ATH in 2021.

Covid is the big reason since it affect people financially and even if the virus will gone now for sure it will take for so many months or even years for some people to get back on what they lose when the pandemic occur, Year 2021 is promising year so hopefully we can see a massive pump by that year to come so that we can see the bitcoins get another great confidence from those investors who doubt it right now.

because of Covid19 I think crypto currency is increasingly recognized by the public, because everything is at home,
the internet is one of their needs, maybe after covid is finished people will try to buy Bitcoin, hopefully

ultrloa

legendary

Activity: 2758

Merit: 1228

Price is challenged in 2020 for a variety of reasons if it wasn't already obvious, we need to work through all the possible selling and develop the blockchain and its uses further;

i thought your going to say because of the covid because covid is the obvious event that we feel right now that could also affect to the price of bitcoin but the reason that you described above are not that obvious . blockchain is already popular and btc is already popular too so i dont think that we still need to sell or develop them . people are just waiting for the things to calm down so that they can enter or re enter again and that was the time you see the price pumping possibly up to 20k usd

There can be number of reason why bitcoin may not cross all time high in 2020. Covid 19 may be one reason for this. People are afraid to invest these days because of pandemic situation. I think we will see ATH in 2021.

Covid is the big reason since it affect people financially and even if the virus will gone now for sure it will take for so many months or even years for some people to get back on what they lose when the pandemic occur, Year 2021 is promising year so hopefully we can see a massive pump by that year to come so that we can see the bitcoins get another great confidence from those investors who doubt it right now.

UmerIdrees

hero member

Activity: 2436

Merit: 877

Quote from: arwin100 on May 26, 2020, 04:57:02 AM

Price is challenged in 2020 for a variety of reasons if it wasn't already obvious, we need to work through all the possible selling and develop the blockchain and its uses further;

i thought your going to say because of the covid because covid is the obvious event that we feel right now that could also affect to the price of bitcoin but the reason that you described above are not that obvious . blockchain is already popular and btc is already popular too so i dont think that we still need to sell or develop them . people are just waiting for the things to calm down so that they can enter or re enter again and that was the time you see the price pumping possibly up to 20k usd

There can be number of reason why bitcoin may not cross all time high in 2020. Covid 19 may be one reason for this. People are afraid to invest these days because of pandemic situation. I think we will see ATH in 2021.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: Bezobraznike on May 26, 2020, 03:09:32 AM

Quote from: lienfaye on May 25, 2020, 08:09:52 PM

Quote from: Oceat on May 30, 2020, 06:18:48 PM

As we saw in 2016, Bitcoin got its full form, and at the same time all the Crypto Markets looked like the Green Sea, do you think we will be able to see the green field just like before after Bitcoin halving this year as well. I think something better is coming for us, what do you think?BTC

No one knows since we dont know how market will perform in the coming days. It can happen before this year end but its just a prediction and no concrete basis, halving can affect the price of bitcoin and crypto as a whole but currently the coins are declining. So I think instead of thinking if there's another bullrun that will happen, just accumulate your favorite crypto and hold. If the market turn to bull again you can earn big time for buying at low price and not because of fomo.

Lienfaye I can't agree more with you. Many people try to speculate and speed up crypto-market, but things
don't work like that. Instead of spending energy on that it's better to accumulate Bitcoin and other favorite crypto-
currencies. It's what I do for almost two years, and I hope I will have more time, before the price go to the roof!
Buy because of the technology, not because news. Be ready to hold for long-term, don't read the news.

In some aspects we can say that buy it for long term is good option for us but for the events happening on the world I can't say it will be a good decision to do so since I believe theirs perfect timing for everything and since there's a pandemic I cannot assure things rotating on it since we might gonna lose if this will continue. But I cannot disclose the opportunity given since as of now I'm monitoring the market flow and waiting for the correct timing to enter again.

Timing is everything but looking for that precise time would really be always a question on our mind thats why we do see lots of technicals and fundamentals floating
around because we know on how unpredictable the market is.There's covid but we do saw the crypto space hasnt been affected much which means we cant really correlate
real life situations or scenarios but same as you said we wont know if this pandemic would continue which would heavily affect each countries economic state will surely
affect other markets as well including crypto since we know that people doesnt really have the money to invest on and would surely prioritize needs over investment.

OrangeII

hero member

Activity: 2170

Merit: 503

Reward: 10M Shen (Approx. 5000 BNB) Bounty

It's too early to say that Bitcoin would hit the $20k this year since the price is not actually aiming for the bottom yet. Best year to expect that price will be in 2021, so as for now, we will just have to accumulate as much as we could so that when the time of FOMO comes you won't struggle to buy cheaper price. Bitcoin is just moving up and down at the range of $8k to $10k within this month, what could possibly going to happen in Bitcoin next month?

the potential to get to that price is there. but, it's not clear at the moment. however, the rise in the price of bitcoin has not even exceeded the price of $ 10,000 today. so far, the price is still stable in the range of $ 9k, exactly $ 9500. however, it might take months before the price of bitcoin seems to have great potential to reach that price.

Oceat

sr. member

Activity: 2506

Merit: 368

It's too early to say that Bitcoin would hit the $20k this year since the price is not actually aiming for the bottom yet. Best year to expect that price will be in 2021, so as for now, we will just have to accumulate as much as we could so that when the time of FOMO comes you won't struggle to buy cheaper price. Bitcoin is just moving up and down at the range of $8k to $10k within this month, what could possibly going to happen in Bitcoin next month?

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: KTChampions on May 25, 2020, 06:38:20 PM

Quote from: thisnewcoin on May 19, 2020, 06:06:03 PM

Well, it had possibilities, even in January, I thought we are gonna have another bull run like 2017, but after Coronavirus and all this harm throughout the world, my expectation is gone now! I don't think it will happen this year, there was huge hype about the Halving but you saw Bitcoin price did not increase enough. Though I don't want to mention 3800$ collapse, that was manipulation for a very limited time.

But theoretically speaking, this whole situation with the virus is a serious crisis. Bitcoin is an anti-crisis asset and therefore such conjuncture should contribute to an increase in its prices, right? I think the situation will be clearer after the situation with the virus becomes more predictable - at the moment there is no clear model that would describe the end of the epidemic.

It is difficult to know, bitcoin is sold as being an asset that is countercyclical and as such if the world markets go down it could be expected for bitcoin to go up, there is just a few problems with that theory, many of the people invested in bitcoin also hold assets in other markets and if they face huge losses then most likely they have to sell some bitcoin to make up for those losses making bitcoin more more closely related to other markets, and also this crisis is not monetary in nature, it was brought by a virus which means that all markets should be more or less affected despite their intrinsic differences.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: Bezobraznike on May 26, 2020, 03:09:32 AM

Quote from: lienfaye on May 25, 2020, 08:09:52 PM

Quote from: lienfaye on May 25, 2020, 08:09:52 PM

As we saw in 2016, Bitcoin got its full form, and at the same time all the Crypto Markets looked like the Green Sea, do you think we will be able to see the green field just like before after Bitcoin halving this year as well. I think something better is coming for us, what do you think?BTC

No one knows since we dont know how market will perform in the coming days. It can happen before this year end but its just a prediction and no concrete basis, halving can affect the price of bitcoin and crypto as a whole but currently the coins are declining. So I think instead of thinking if there's another bullrun that will happen, just accumulate your favorite crypto and hold. If the market turn to bull again you can earn big time for buying at low price and not because of fomo.

Lienfaye I can't agree more with you. Many people try to speculate and speed up crypto-market, but things
don't work like that. Instead of spending energy on that it's better to accumulate Bitcoin and other favorite crypto-
currencies. It's what I do for almost two years, and I hope I will have more time, before the price go to the roof!
Buy because of the technology, not because news. Be ready to hold for long-term, don't read the news.

In some aspects we can say that buy it for long term is good option for us but for the events happening on the world I can't say it will be a good decision to do so since I believe theirs perfect timing for everything and since there's a pandemic I cannot assure things rotating on it since we might gonna lose if this will continue. But I cannot disclose the opportunity given since as of now I'm monitoring the market flow and waiting for the correct timing to enter again.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

As we saw in 2016, Bitcoin got its full form, and at the same time all the Crypto Markets looked like the Green Sea, do you think we will be able to see the green field just like before after Bitcoin halving this year as well. I think something better is coming for us, what do you think?BTC

No one knows since we dont know how market will perform in the coming days. It can happen before this year end but its just a prediction and no concrete basis, halving can affect the price of bitcoin and crypto as a whole but currently the coins are declining. So I think instead of thinking if there's another bullrun that will happen, just accumulate your favorite crypto and hold. If the market turn to bull again you can earn big time for buying at low price and not because of fomo.

Lienfaye I can't agree more with you. Many people try to speculate and speed up crypto-market, but things
don't work like that. Instead of spending energy on that it's better to accumulate Bitcoin and other favorite crypto-
currencies. It's what I do for almost two years, and I hope I will have more time, before the price go to the roof!
Buy because of the technology, not because news. Be ready to hold for long-term, don't read the news.

lienfaye

hero member

Activity: 3010

Merit: 629