Topic: Will Bitcoin exceed 20k this year like in 2017? - page 4. (Read 1310 times)
Not this year. Way too early. I can be hopeful for it to peak at around $15k but that's it. Exceeding $20k doesn't seem quite plausible, especially since most people are hoarding their cash cause of the problems they have with their finances cause of the lack of jobs right now and lack of supplies as well. And also do note that if we were to try it to compare it, the peak that happened in 2017 was a year after the 2nd halving, which was in 2016. If we were just to compare the halvings based on history, then the peak of the halving should be brought about by the year 2021 instead of 2020.
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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.
I doubt it. Maybe next year. I’d be happy to see $12,500 31DEC20, $20,000 31DEC21, and $100,000 before 31DEC25...
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
Bitcoin is already getting a green candle right now, but we also see the red candle happen at the market. After the price hit the highest price before, the price adjusts to lower price, and now seems the price stable at a price. But there is a chance for bitcoin price to increase to the higher price in a few days later. But bitcoin price cannot guarantee to increase higher because we know that the price can go anywhere. We need to prepare for the worst thing that can happen later so we can do something to the current situations.
$20,000 is too high for me if we are only thinking of 2020. Bitcoin will get that once again. I can say that with 100% certainty but what I cannot tell for certain is when that price will come back to us. It will but I don't know when. Let us all be patient for it will come.
No one but time will tell.We're certain because the similarity that we do is based from our experiences for the past few years. The price of $20,000 is now the basis of some other speculators that will validate their thoughts that the bull run has been activated. It's difficult to tell when but better rely to whenever it actually hits it.
That has become a kind of goal and standard because Bitcoin peaked somewhere at $20,000 more or less.
All we are doing are speculations. We are trying to play this speculating game well. We are trying to make money from it that is why we should be as realistic as possible.
That's what we have to pass first before going for the next all time high that seems to be doubtful for others because, they're looking for that price first before telling a higher prediction.
Bitcoin price is far from reaching 20k in 2020 and the year is close to ending, If bitcoin stood still at 10k this few days then the possibility of exceeding 20k would be one but for now i will say it's zero. Because most investors are not working out money at the moment. As we know about the crisis in the world, so the fate of bitcoin is in the hands of traders and miners for now. we need more investors to see the next bull run if that doesn't happen anytime soon then we should focus on bitcoin exceeding 10k.
hero member
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Who knows bitcoin can hit that price again even if we are still in the pandemic of Covid-19. And if that happens, I am sure that can give another happiness to people who have bitcoin while they stay at home. They will have additional money to continue to survive in the pandemic, and they don't have to worry about how to buy their daily needs. Maybe with that money, they can also help their neighbour to buy the daily needs so other people can survive too while they are waiting for the update from the government.
You're acting as if the price is determined by small-time retail speculators. It's not.
The price is driven by whales and institutional buyers.
It is not wrong if I say like that because we don't know what will happens with bitcoin. Even if the whales and institutional buyers control the price as you said, not all of them can move the price. It is better to hearten ourselves at this moment, so we don't get the effect of the Covid-19
But maybe I am wrong in this matter, so I am sorry.
legendary
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Hell no, this is nowhere near what 2017 was. Before the coronavirus outbreak I was pretty optimistic about bitcoin's prospects as far as maybe hitting a new ATH...
And I doubt bitcoin is going to hit $20k this year, though it might surpass $10k and get close...
And I doubt bitcoin is going to hit $20k this year, though it might surpass $10k and get close...
Maybe you should rethink this and give bitcoin a benefit of doubt, over the past couple of days, bitcoin has really surprised me. It has proven that it has the potential to do the unexpected although that isn't something new as bitcoin has always proven that in the past but the experience this couple of days came with was just something else. So everyone (most individuals including myself) was thinking after the halving bitcoin was going to dump hard and prior to the halving the price will continue raising but that wasn't the case.
I transferred some bitcoin to Binance hoping to take advantage of the dump that would follow immediately as a result of majority selling the news (successful halving) but It just surprised me that the trend has just been upwards since them. I had no choice than to rebuy immediately bitcoin touched $9300 meanwhile I sold at $8600.
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
We are open to speculation, some predicts that Bitcoin will drop followed by correction and some people thinks that it is headed to a new all time high regardless of the pandemic that we are in right now, prediction could have been one way without the pandemic, but it will always end in Bitcoin much better than what it is 3 years ago.
$20,000 is too high for me if we are only thinking of 2020. Bitcoin will get that once again. I can say that with 100% certainty but what I cannot tell for certain is when that price will come back to us. It will but I don't know when. Let us all be patient for it will come.
No one but time will tell.We're certain because the similarity that we do is based from our experiences for the past few years. The price of $20,000 is now the basis of some other speculators that will validate their thoughts that the bull run has been activated. It's difficult to tell when but better rely to whenever it actually hits it.
That has become a kind of goal and standard because Bitcoin peaked somewhere at $20,000 more or less.
All we are doing are speculations. We are trying to play this speculating game well. We are trying to make money from it that is why we should be as realistic as possible.
Anything is possible in crypto still everything is unpredictable because of it's nature 
After Halving we didn't saw any major changes in the market, so from now the price might go down because the halving expectations is over now.
Well I don't feel this year the history will repeat again like 2017, because most of them are facing difficulties over the COVID-19 row. Most possibly we can expect by next year.
After Halving we didn't saw any major changes in the market, so from now the price might go down because the halving expectations is over now.Well I don't feel this year the history will repeat again like 2017, because most of them are facing difficulties over the COVID-19 row. Most possibly we can expect by next year.
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
Of course we are going to hit 20k once again, there is no scenario where bitcoin never reaches 20k price. However when will it happen is a myster to all of us, maybe it will happen in the 2020 period, maybe it will be 2021, or maybe it will not reach there until 2025, but eventually it will hit there. That is why I kept saying to people who bought at high prices to never sell and buy more, if you keep buying more you will basically be dropping the average where you bought, and if you bought at 20k and managed to buy from these prices as well, you can drop to 13-15k range easily, and we can reach that in less than 300 days right now.If you did that from the get go, you could have dropped it under 10k and could have sold for profit last year hence I think nobody should ever sell for a loss.
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
Personally I don't think so, the market has changed a lot since then, I see the possibility of bitcoin going up in value like that until 2021 or 2022 but not on this year, and even if it happened I have serious doubts that all the market is going to go up in value as it did in 2017 because people are not as naive as they were before and they are not going to invest in a bunch of unknown projects which make a lot of promises but that we know that at the end they are not going to fulfil them, so at best bitcoin and a few altcoins will go up in value while the rest of the market does nothing.market had been always unpredictable thats why we cant really make any conclusions from time to time.
Anyone that gives such hope of 2017 for $20k cant be a good mentor in this space, pandemic is a very critical factor for such pump prediction in this market, what everyone can tell you is that bitcoin will break the ATH one day, especially after the halving. You can watch for the next 365 days after the halving for any surprises, such has we have had in the past. You can also multiply your bitcoin while you wait in this market.
All things happen in the past doesnt guarantee you that it would happen into the future.Yes, we have seen on how it performs for years after such halving event but we cant totally say that it is the actual reason why the market rose that fast.It all matters with the demand and events like halving are just some sort of catalyst for hyping up the market
but not totally a reliable one for you to presume into your investment decisions.
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
Personally I don't think so, the market has changed a lot since then, I see the possibility of bitcoin going up in value like that until 2021 or 2022 but not on this year, and even if it happened I have serious doubts that all the market is going to go up in value as it did in 2017 because people are not as naive as they were before and they are not going to invest in a bunch of unknown projects which make a lot of promises but that we know that at the end they are not going to fulfil them, so at best bitcoin and a few altcoins will go up in value while the rest of the market does nothing. 
Anyone that gives such hope of 2017 for $20k cant be a good mentor in this space, pandemic is a very critical factor for such pump prediction in this market, what everyone can tell you is that bitcoin will break the ATH one day, especially after the halving. You can watch for the next 365 days after the halving for any surprises, such has we have had in the past. You can also multiply your bitcoin while you wait in this market.
Hell no, this is nowhere near what 2017 was. Before the coronavirus outbreak I was pretty optimistic about bitcoin's prospects as far as maybe hitting a new ATH, but even with the general vibe of optimism, it was nowhere near as insane as 2017. Bitcoin and altcoins were pretty much in a bubble, and you had people investing in ICOs that had the most idiotic whitepapers simply because they thought they might be getting in on the next bitcoin.
And I doubt bitcoin is going to hit $20k this year, though it might surpass $10k and get close. I'm not even close to confident that that's going to happen, because there are too many unknowns right now. Not that I've written 2020 off just yet, but I'm now hoping 2021 is going to be another euphoric year for crypto (though I'm not hoping for a bubble).
And I doubt bitcoin is going to hit $20k this year, though it might surpass $10k and get close. I'm not even close to confident that that's going to happen, because there are too many unknowns right now. Not that I've written 2020 off just yet, but I'm now hoping 2021 is going to be another euphoric year for crypto (though I'm not hoping for a bubble).
Bitcoin never did actually hit $20k in 2017. It fell a little shy. That's not the point though.
The real question is whether it reaches the ATH (all time high) in this, the halving year.
After the 2012 halving, the ATH was broken in about 3 months.
In 2016 it came just short of reaching the ATH in late December before dropping back down. It didn't reach a new ATH until late February 2017.
We may see a similar pattern this year. Both previous times the ATH was reached late in the winter (northern hemisphere).
Then again it might surprise us and reach a new ATH quickly, as it did the first time.
No one can see the future.
Who knows bitcoin can hit that price again even if we are still in the pandemic of Covid-19. And if that happens, I am sure that can give another happiness to people who have bitcoin while they stay at home. They will have additional money to continue to survive in the pandemic, and they don't have to worry about how to buy their daily needs. Maybe with that money, they can also help their neighbour to buy the daily needs so other people can survive too while they are waiting for the update from the government.
You're acting as if the price is determined by small-time retail speculators. It's not.
The price is driven by whales and institutional buyers.
The real question is whether it reaches the ATH (all time high) in this, the halving year.
After the 2012 halving, the ATH was broken in about 3 months.
In 2016 it came just short of reaching the ATH in late December before dropping back down. It didn't reach a new ATH until late February 2017.
We may see a similar pattern this year. Both previous times the ATH was reached late in the winter (northern hemisphere).
Then again it might surprise us and reach a new ATH quickly, as it did the first time.
No one can see the future.
I agree. While the pandemic of COVID-19 is on the way, it could be impossible for bitcoin's price to reach to $20,000 again because there will be people who will sell out their bitcoins just for them to provide their necessities or daily needs, while they temporarily don't have any jobs to earn money.
Who knows bitcoin can hit that price again even if we are still in the pandemic of Covid-19. And if that happens, I am sure that can give another happiness to people who have bitcoin while they stay at home. They will have additional money to continue to survive in the pandemic, and they don't have to worry about how to buy their daily needs. Maybe with that money, they can also help their neighbour to buy the daily needs so other people can survive too while they are waiting for the update from the government.
You're acting as if the price is determined by small-time retail speculators. It's not.
The price is driven by whales and institutional buyers.
hero member
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I agree. While the pandemic of COVID-19 is on the way, it could be impossible for bitcoin's price to reach to $20,000 again because there will be people who will sell out their bitcoins just for them to provide their necessities or daily needs, while they temporarily don't have any jobs to earn money.
Who knows bitcoin can hit that price again even if we are still in the pandemic of Covid-19. And if that happens, I am sure that can give another happiness to people who have bitcoin while they stay at home. They will have additional money to continue to survive in the pandemic, and they don't have to worry about how to buy their daily needs. Maybe with that money, they can also help their neighbour to buy the daily needs so other people can survive too while they are waiting for the update from the government.
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Look how the effect of corona Virus.
The effect of corona virus at least for BTC was very possibly positive in that there is a greater online population who are new and possibly needing to transmit value across the globe for digital goods, sounds like a setup scenario for growth. We might only realise later how we have gained numbers in this lockdown.
So far as business being effected its mostly to do with the actual physical trade, which I associate less with BTC. It is still relevant but the thing to note is the contraction in economic trade is not mirrored by a contraction in currency conditions because governments are directly funding markets with newly created money. As a ratio BTC with its set supply is likely to be more stable then expanding dollars or whichever FIAT standard.
Maybe it was time to forget about what happens last 2017. We are facing a new challenge this year and this greatly affects the trend. Though we can't disclose any chance to see Bullrun again but quite to say that it is definitely not the same as what 2017 had. And as long as the pandemic still not resolve, haven't to expect that anymore.
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