Will Bitcoin exceed 20k this year like in 2017? - page 5.

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Quote from: Reatim on May 13, 2020, 07:21:53 AM

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

I believe that it is impossible for this year of 2020 that Bitcoin will take same value like 2017.

Look how the effect of corona Virus.

There are so many people Dying and too much money from the government has been spent while fighting this virus.

Where do you thing people will get their investment to make the market Grow high?so No there is none of this will come in present year.
maybe by mid of 2021 there will be changes.

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.

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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

I believe that it is impossible for this year of 2020 that Bitcoin will take same value like 2017.

Look how the effect of corona Virus.

There are so many people Dying and too much money from the government has been spent while fighting this virus.

Where do you thing people will get their investment to make the market Grow high?so No there is none of this will come in present year.
maybe by mid of 2021 there will be changes.

batang_bitcoin

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Quote from: Fundamentals Of on May 13, 2020, 05:36:02 AM

$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.

Fundamentals Of

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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

$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.

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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

That has been happening. Usually when there is a hot event, the crowd in the crypto market is very strong fomo. they don't care how high the price goes but they still want to buy and buy. But given the current situation and the current price of bitcoin, I believe it will not fly high this year. It's just that people are suffering from fomo and the sharks are seducing their prey. after 1 to 2 weeks, the price of BTC fell miserably again. That will be a good opportunity for us to buy more.

STT

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Its possible but improbable, more likely we stay even for this year and 10k is a better measure for the average. This has been a fair estimation since the peak last summer, despite everyone's best hopes we decline on profit taking and the Bitcoin price moves in cycles like waves and tides, you cannot fight the tide. To get 20k needs a rising tide and its just not there yet in my estimation, of course as said above volatility makes all prices possible for moments at a time but the better guess will come from watching the steady progress that occurs by the months not each day.
In a simple view also, 2017 peak came the following year and then some time after the halvening prior, to expect an immediate rise now would not seem to be correct as block reward reduction is a slow vice movement not sudden or an absolute change to supply available on exchanges. We hope for steady to rising demand and this lower supply but its a process ongoing we'll keep on observing and eventually it leads to these high price possibilities.

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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

Been optimistic is what keep the market alive and keeps the industry growing strongly (obviously backed with innovation and improvement) so yes like other have highlighted, there's every possible for Bitcoin to cross $20k before the end of the year but like I have previously said in other thread I commented on. The goal shouldn't just be for bitcoin to reach any targeted price but been able to maintain that uptrend momentum and continue trading above that price (in this case $20k) is what that really matters.

Few weeks/days back, people were asking if the pre-halving price can get to $10k and yes it did but no one was asking if the price can maintain that momentum and trade above $10k. Not that surprising bitcoin only touched $10k and now it's down. Bitcoin just reaching a certain price shouldn't only be our expectations because that's making it get resistance at that level as everyone would want to take profit at that targetted price making it almost impossible for bitcoin to surpass that price in the maintain.

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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

If the comparison is during that year then you shouldn't expect that the same can happen on this year. Instead, 2021 can be that very year when we can see the bull run that looks like 2017.

On 2017, there were plenty of ICO and we can't argue and deny that it actually helped to make the prices go up. And currently, a lot of fundamentals have changed and it's more organic these days because of the adoption and mainstream recognition for bitcoin.

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Quote from: adaseb on May 09, 2020, 11:15:02 PM

If you take the $10K price as a benchmark and add 20% days, then it would only take 4 days of constant 20% gains to breach $20K. So yes its surely is possible. Look at the stock market. People are losing jobs, unemployment numbers are at depression levels and it keeps making new daily highs. Makes no sense pretty much. So neither do the crypto markets.

It's just like Keynes said: “Markets can stay irrational longer than you can stay solvent.”

Bears blame the stimulus injections and they are partially correct, but there are two even bigger dynamics happening, and these apply to both stocks and BTC. 1) The March crash wiped out so much sell side liquidity that it's easy for the market to rise on no volume. 2) The market is extremely emotional, and the pendulum is still hanging on the side of optimism. The pendulum will swing back hard if that optimism doesn't pan out.

BTC down 19.5% from the top after today's dump. Exuberant bulls brought back down to reality. Was it enough? Or could we get a 30-40% dump like BTC often does during bull market corrections? We're not seeing an instant full retrace of the dump, so I won't be surprised at lower lows from here.

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Is it possible for bitcoin to exceed $20K this year? Well look at the charts. From Feb 2020 we went from $10K all the way down to almost $3K. Then from March we went from $3K all the way up to $10K since yesterday. Then a few hours ago we went from $9.6K to $8.1K in about 3 minutes. Hence anything is possible.

If you take the $10K price as a benchmark and add 20% days, then it would only take 4 days of constant 20% gains to breach $20K. So yes its surely is possible. Look at the stock market. People are losing jobs, unemployment numbers are at depression levels and it keeps making new daily highs. Makes no sense pretty much. So neither do the crypto markets.

So I wouldn't bet again it going to $20K, but I also wouldn't long right here and expect to see $20K before the end of the year. Sure its possible but unlikely.

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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

As we can see the price of btc already lost 12% of its cost after halving and as i can see crypto markets indicate that the price btc will be stable when bitcoin descress about at $7k to $6.5 ever more below. So I don't think something better will be coming for us in this year as 2016 was different than year 2020. but probably at the end of the next year.

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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

If the bull season will be triggered after the halving then the possibility that we can hit 20k$ or more for bitcoin price is very big especially if the pandemic will end also. Most of the small investors are affected by this pandemic and the current push of the market is likely because of the big whales but if the small investors will likely to join them then reaching a new ATH is very possible.

We still have 7 months after the halving and I am sure it is enough time for bitcoin to break the 20k$ price, it will be more to what 2017 has achieve if the bull season will be triggered by this year because the users and investors are keep on growing as days passes by meaning the demand are keep on growing also.

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Quote from: gentlemand on May 09, 2020, 04:16:06 PM

I wouldn't have expected another all time high until far into next year and that was before the viral excitement. Now I really don't expect anything significant this year.

The 160% rally off the $3,000s doesn't change your mind, even a little bit?

I still prefer my 2018-2020 sideways scenario, but I have to admit, this bull run has been really powerful.

I also have to recognize that a few OGs like zoinky and dmwardjr are predicting exponential gains this year. Can't write it off entirely!

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Quote from: Jating on May 09, 2020, 05:35:44 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

It doesn't work that way, I mean we can't compare what happened to 2016-2017, the market back then has just started to ramp up, and then the whole ICO craze pushes the crypto market to it's bubble. So I don't expect that we are going to reach $20k this year, there are so many parameters to consider right now, the pandemic, investors getting mature, manipulation from whales. So it's better to not expect something big is going to happen just because of the halving, yes it could be a catalyst for the next bull run, but it won't happen in just a year or so, it will take sometime to reach $20k or even a new all time high.

Just be realistic and conservative with your expectations when it comes to bitcoin. And that's true, it is hard to compare btc from the past few years because a lot has changed already in crypto community. Though we can say the adoption is growing stronger but as we are still facing the pandemic crisis, a lot of crypto investors are still on hold with their funds assessing the movement of the market. Though everything is possible to happen like reaching again the 20k level, but I think, don't expect it too soon. Just be vigilant in crypto market and you should know the potential risk you are getting into when you are in crypto.

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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

2012 and 2016 halvings are too different situations when it compared this year's halving. And what it happens to 2017 Bullrun is not because having but purely because of the hypes and do we think that it will happen again this year? Maybe in the coming years but Not really sure of that and to know people are not really comfortable with that hypes because that is also a reason why they suffered big losses.

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I can't agree either that op is totally unrealistic because looking back to 2017 when bitcoin was just not that popular but now , it is. The speed of last time can be seen in this year too. The users now are much so you can have volume increase.

Jating

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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

It doesn't work that way, I mean we can't compare what happened to 2016-2017, the market back then has just started to ramp up, and then the whole ICO craze pushes the crypto market to it's bubble. So I don't expect that we are going to reach $20k this year, there are so many parameters to consider right now, the pandemic, investors getting mature, manipulation from whales. So it's better to not expect something big is going to happen just because of the halving, yes it could be a catalyst for the next bull run, but it won't happen in just a year or so, it will take sometime to reach $20k or even a new all time high.

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I wouldn't have expected another all time high until far into next year and that was before the viral excitement. Now I really don't expect anything significant this year. The next few months are going to decide the trajectory of the global economy. It is of course bad now but it's effectively in suspended animation. If it wakes up with a cold then I won't feel super confident about the nearish future of BTC.

thesmallgod

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It is hard to predict maybe the price will reach or exceed 20k even though the past few days has been packed with alot of surprises in which the price rises up to 10k. The week ahead will determine maybe it will touch 20k this year. Anything is possible

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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

I do not think it is possible this year. As we know 2016 was halving and 2017 was the year when Bitcoin reached ATH. I do know what will happen next year as it is very hard to predict the price of Bitcoin.

As things are quite different now, to what it was in 2016. But, anything can happen in cryptocurrency. Possibilities are it should happen next year.

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