Will Bitcoin exceed 20k this year like in 2017? - page 2.

shoreno

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Quote from: STT on May 25, 2020, 06:58:30 PM

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

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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; then aquire more users before we'll get enough momentum for new ATH and all that hype to occur.
Consider 20k like a high tide mark, it happens when a few different factors coincide and we get that higher mark possible. So consider all the different things for and against BTC and we have a while to go yet. Many will say well halvening is in 2020 so now it must go higher in 2020 but in fact the main effect from that change should mature in 2021 and into 2022.
Its never that simple, have patience and we'll see more interesting stuff developing over time

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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.

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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.

At the beginning of this year people were very excited with the positive movements of bitcoin, but quite honestly it was nothing but a mirage, the price was going up but the volume was not doing the same which meant that the whales were manipulating the price and as such the crash was inevitable, the coronavirus was actually not directly responsible for the crash since it could have happened anyway, however it was responsible for making the crash even bigger than what it would have been otherwise and it is responsible for the slow growth we are seeing now.

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Quote from: yohananaomi on May 21, 2020, 07:16:19 AM

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.

It is true that it will not be a big surprise for this year because after quite well at the beginning of the year but the pandemic is enough to make the movement somewhat disturbed even though it is not clearly visible. usually after halving the previous time (2016), it will start moving up the following year and at its peak at the end of the year. and it's likely to happen again like that and will happen next year. maybe now is needed is the momentum to be able to penetrate $ 10K, which will determine the movement towards positive.

I didn't expect rise after halving, you learn to not expect nothing soon after halving when you experience one. In 4 years we will have another halving, so remember what's happening now for the next time. Effects of halving comes after some time, if it be similar like last times from January we will have an uptrend that will last entire year, with occasional drops of course. Until January it will be interesting for all of us, the price will go up and down like alwasy, I think that we will brake 10k resistance, but I expect to see at list one more bigger drop in this year. Anyway it's good that we have this price after halving, take a look on previous halving and the price of btc in that time.

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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.

It is true that it will not be a big surprise for this year because after quite well at the beginning of the year but the pandemic is enough to make the movement somewhat disturbed even though it is not clearly visible. usually after halving the previous time (2016), it will start moving up the following year and at its peak at the end of the year. and it's likely to happen again like that and will happen next year. maybe now is needed is the momentum to be able to penetrate $ 10K, which will determine the movement towards positive.

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Quote from: Kelvinid on May 19, 2020, 05:56:19 PM

But due to the fact that we never know what will happen next, 2017 alike trend could be possible but I'm in doubt to see it this year. But not possible next year if halving will showing positive results.

It will happen again, no need to worry. We can be patient to wait for that time. Just prepare for the next best moment for bitcoin, and if that is happening in the next year, then it will no problem for us Wink

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.

We hope that the price is not going down to $3,800, but it is okay if there is only a flash dump so we can use that moment to buy more bitcoin Grin

If bitcoin price rises in January next year, then we still have at least 7 months from now to prepare and saving more bitcoin, so we don't miss the chance to sell bitcoin at the next highest price Wink

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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.

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Quote from: ethereumhunter on May 19, 2020, 05:27:40 PM

Quote from: posi on May 18, 2020, 09:27:45 AM

Too much expectation can lead to disappointments despite that altcoins dont have the better chance to surge in price than bitcoin because most crypto investors trusted mainly in Bitcoin and those that missed the previous bitcoin halving growth in price wont dare to choose altcoin now.

Be optimistic about that because we never know if Bitcoin can surge to a higher price in a short time or not. But in the long term, I believe that bitcoin will pass the highest price in 2017, and I am sure that the price will reach that again. But it still a mystery to us to know when it will happen because no one will know when the time comes. We can only prepare by saving more bitcoin so we can sell at the right time.

Absolutely, we have to think positive but we also think the capability of the market as well.
Yeah, a lot of mystery in here and even not know that this marker will gain such popularity and market value. From scratch to a valuable asset, from $0 to $20k in 10 years? But due to the fact that we never know what will happen next, 2017 alike trend could be possible but I'm in doubt to see it this year. But not possible next year if halving will showing positive results.

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Quote from: posi on May 18, 2020, 09:27:45 AM

Too much expectation can lead to disappointments despite that altcoins dont have the better chance to surge in price than bitcoin because most crypto investors trusted mainly in Bitcoin and those that missed the previous bitcoin halving growth in price wont dare to choose altcoin now.

Be optimistic about that because we never know if Bitcoin can surge to a higher price in a short time or not. But in the long term, I believe that bitcoin will pass the highest price in 2017, and I am sure that the price will reach that again. But it still a mystery to us to know when it will happen because no one will know when the time comes. We can only prepare by saving more bitcoin so we can sell at the right time.

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Quote from: ScamViruS on May 19, 2020, 01:13:37 PM

Quote from: Sayma83 on May 09, 2020, 03:31:46 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. Because predicting something is not an easy task. Let the market decide. The market will remind you at the right time. But I think it might be possible. If we look at the previous history, it is understood that something good is waiting. After 2016 halving a bull market started which is the biggest bull run so far. So I am waiting to see if the bull market will start due to this halving. But when the majority goes one way, there is some time needed to start the real run. Because there is a chance of a shakeout.

Time would really tell and we know that demand would always be the main factor that would heavily affect price movements.If this thing would be less in
upcoming months or years then dont expect for this level to be break on but at least speculating on reaching 20k is much more better than to those who do
speculate reaching hundreds of thousands.Yes, its easy to guess but would really hard to be accurate and this had been the norm since from the beginning of this market.
Price is always been unpredictable and lots of factors do need before reaching out on a certain point.

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Quote from: Sayma83 on May 09, 2020, 03:31:46 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. Because predicting something is not an easy task. Let the market decide. The market will remind you at the right time. But I think it might be possible. If we look at the previous history, it is understood that something good is waiting. After 2016 halving a bull market started which is the biggest bull run so far. So I am waiting to see if the bull market will start due to this halving. But when the majority goes one way, there is some time needed to start the real run. Because there is a chance of a shakeout.

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Quote from: Barbut on May 19, 2020, 06:42:14 AM

It's difficult, but we expect that to happen! This or next year, nobody knows when we will see the bull run. It's what we waiting for, and we try to accumulate more before it starts because when it starts most of the good coins will cost more! For us it's a profit, depending on how many coins we managed to accumulate. There's no single person on this forum who doesn't believe that bull run is coming.

It may seem like too difficult as we are seeming bitcoin prices are facing too much of resistance around $10k levels which must be an unusual thing, I have never seen because bitcoin is trading above $9500 levels for third time within a month still it is unable to break the biggest psychological level. Probably bitcoin miners are selling more bitcoins than usual for the reason of covering their mining costs. I mean after halving they may need to sell double the amount of bitcoins to continue their mining process by paying their routine bills.

Only after bitcoin breaking $10k levels and sustaining above it, we can assume about reaching near to ATH may possible this year or not. I guess when pandemic hassles will get settle down, we can expect institutional funds to join bitcoin markets to do the needful.

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Quote from: OrangeII on May 19, 2020, 01:48:22 AM

Quote from: Reid on May 17, 2020, 10:22:47 AM

I can't say it is a full form.
It didn't even go back there.
Unlike the 12k-13k mark it lasted for months before it goes back down.
20k lasted for what? Days?

I won't expect too much right now if I were you. You can see in this forum, the situation.
There are more expectations for atcoins rather than bitcoin even if it just went after a halving.

hoping too much can also frustrate us. however, I think if there is a price increase for bitcoin, then it might be bigger than last year's highest price increase. but, I'm still quite doubtful that the price of bitcoin can reach $ 20k. indirectly, the price of bitcoin can reach a new ATH if it reaches this price this year. but honestly, it's very difficult.

It's difficult, but we expect that to happen! This or next year, nobody knows when we will see the bull run. It's what we waiting for, and we try to accumulate more before it starts because when it starts most of the good coins will cost more! For us it's a profit, depending on how many coins we managed to accumulate. There's no single person on this forum who doesn't believe that bull run is coming.

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Quote from: Reid on May 17, 2020, 10:22:47 AM

I can't say it is a full form.
It didn't even go back there.
Unlike the 12k-13k mark it lasted for months before it goes back down.
20k lasted for what? Days?

I won't expect too much right now if I were you. You can see in this forum, the situation.
There are more expectations for atcoins rather than bitcoin even if it just went after a halving.

hoping too much can also frustrate us. however, I think if there is a price increase for bitcoin, then it might be bigger than last year's highest price increase. but, I'm still quite doubtful that the price of bitcoin can reach $ 20k. indirectly, the price of bitcoin can reach a new ATH if it reaches this price this year. but honestly, it's very difficult.

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Quote from: LUCKMCFLY on May 15, 2020, 12:40:38 AM

Everything is very possible, although we are experiencing difficult times worldwide with the pandemic, we can have in our favor the Halving effect of Bitcoin, depending on how the market has been moving there is a good indication that things can improve as time passes.

The Halving effect is uncertain, at any time we can have a bullish rally, or perhaps we should wait a month or two, unlike the other speculative markets worldwide, the Bitcoin market looks good.

Under normal circumstances bitcoin will go up in value months after the halving but we know that we are not under normal circumstances, the coronavirus is changing everything around the world not only the way in which we live but also the economy as we speak, so I think it is going to be a real challenge for bitcoin to go up in value significantly during this year, however there is a very real possibility that during the next year we're going to see a bull run and when that happens you should make sure that you are holding enough bitcoin because I think we are probably going to reach a new all time high.

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Quote from: posi on May 18, 2020, 09:27:45 AM

Too much expectation can lead to disappointments despite that altcoins dont have the better chance to surge in price than bitcoin because most crypto investors trusted mainly in Bitcoin and those that missed the previous bitcoin halving growth in price wont dare to choose altcoin now.

The expectation is really high from members who have not experienced halving, all they heard is that the price usually rallies after halving but they fail to check the charts to understand when the momentum started, if everyone is expecting the price to touch new levels in a month or two after halving then they will be disappointed because that is not the way the market performed in the past. For anyone expecting a rally you need to understand the economic situation as well as we never had any financial trouble during the first two halving. So it is time to adjust everyone's expectations accordingly Tongue

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Quote from: Reid on May 17, 2020, 10:22:47 AM

I can't say it is a full form.
It didn't even go back there.
Unlike the 12k-13k mark it lasted for months before it goes back down.
20k lasted for what? Days?

I won't expect too much right now if I were you. You can see in this forum, the situation.
There are more expectations for atcoins rather than bitcoin even if it just went after a halving.

Too much expectation can lead to disappointments despite that altcoins dont have the better chance to surge in price than bitcoin because most crypto investors trusted mainly in Bitcoin and those that missed the previous bitcoin halving growth in price wont dare to choose altcoin now.

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Quote from: Sayma83 on May 09, 2020, 03:31:46 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

after halving it must be better for Bitcoin, if not then all expert analysis will be in vain and of course trust in Bitcoin will be reduced, and make people lazy again with Bitcoin, hopefully Bitcoin can prove that Bitcoin is indeed a worthy investment

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This year would be very difficult, however remember in 2016 we had a halving and right now we had a halving as well, and in 2017 we had the biggest increase and that shows maybe 2021 could be the biggest increase. I have always said that the bitcoin world is a cycle and that cycle always comes around, we had the same thing before as well and we are going to have it once more. Or at least that is what I hope will happen, I can't see the future so I can't say what will happen, all of these are my assumptions and predictions.

All of this missed out minus from mining profits will combine to millions of dollars even hundreds of millions of dollars so I think miners will try to increase the price as much as they can in order to profit like they used to, they can't sustain this level for too long.

Topic: Will Bitcoin exceed 20k this year like in 2017? - page 2. (Read 1310 times)