Topic: Will we ever see 20k+ again? - page 17. (Read 1979 times)
Let's just wait and be optimistic because the correction is already done during those bloody days, IMO. As we all know, Bitcoin is always unexpected and it can rise extremely well and even break the 20,000$ mark in the next month or so.
I believe we will see $20k by the start of February. History for the past few years has proven bitcoin has always fallen around this time of the month and then went back up to ath.
Absolutely, bitcoin will hit new highs, but not until weak hands are shaken. A market cannot move parabolically upwards perpetually. A healthy market requires corrections, and that's what we are seeing now.
I'll throw my opinion out there. Why not? I'm not a broker, nor some pipe smoking professor. I do smoke a pipe, but that's irrelevant 
My advice is worth at least what you paid for it.
First, yes, Bitcoin will again see 20K. I'd say relatively soon.
I've watched, sometimes participated, in this magnificent experiment almost from the beginning. The blockchain technology is changing the way money works, whether the old school likes it or not. Unlike paper money, this is revolutionary, rather than merely inflationary. It takes money back to the gold standard without gold. Gold used to be the braking factor on what politicians and other scamming bastards could pull off. Now, it's looking like it will be Bitcoin and a few of its successors.
As for the recent correction, if you've been involved as long as I have, you've seen this (literally) a hundred times. Exuberance, followed by a runup that's crazy, making a few people rich and a lot of people cry because they are too damn stupid to pay attention.
Bitcoin is new.
Yes, NEW. It's not quite ten years old. What we, in the generations now living, call 'old' money, is not particularly old. Fiat currencies have been around for a while, in various forms, but they are basically a 20th century phenomenon. There are examples that go back further, of course, but the general acceptance of unbacked paper dates to the middle of the 20th century.
Further, Fiat currency has an unparalleled record. Not ONCE has it failed to fail, and yes I am including the "almighty dollar" in that. The year before Bitcoin, it experienced BY THEIR ADMISSION an 85 percent inflation. Yeah, they called it an increase in the money supply, quantative easing, and all sorts of other bullshit, but inflation is simple. You add to the money supply.
Bitcoin is currently inflationary as well, but since it's modeled on gold mining, it's ultimately deflationary. Contrary to Keynes' very eloquent bullshit, a coin that constantly INCREASES in value vs goods is NOT a crisis nor a cause for concern. It promotes stability, thrift, and savings. Bitcoin ain't there yet, but it can be.
Certain developments that are clearly in the pipe militate towards a wild ride, followed by a degree of stability. One is the lightning network. When Bitcoin can be used for fractional payments at or above the speed of VISA, 'traditional' fiat is doomed. Because by its very nature, no government can control or manipulate the SUPPLY of Bitcoin, they must either accept it or go to war against it. It seems that most governments are being cautious (in itself somewhat miraculous) and looking at ways to incorporate it into the 'traditional' structure without too much disruption. That is a reasonable, but again doomed, approach.
Because this is disruptive. There is NO way to hide the movement of BTC. There is no way to manipulate its supply without destroying everything that makes it valuable, and given the huge network, probably no physical way of doing it anyway.
The rise in fees and congestion of the blockchain are serious issues, for different reasons. The rise in fees is a GOOD thing. Right in the beginning, in Satoshi's white paper, it was the DESIGN of bitcoin that it would continue to be mined long after the block reward was gone or minimal BECAUSE of transaction fees. Now, he didn't forsee (at least that we know) that it would become as centralized as it has. But it still holds. Gold is expensive, and transporting and guarding it is too. This makes Bitcoin a premier method of exchange!
But the network congestion, coming on top of the high fees, militates the other way. There are a number of proposed solutions, some better than others, but this is not as big a thing as it seems, right here, right now. Why? Because Bitcoin is moving more towards the role of a store of value and a coin for large transactions. This is good. However, this does present the myriad choices of alts. This too has been the same throughout history. One Ring To Rule Them All rolls off the tongue nicely, and has no utility.
In my opinion, as things stand, Bitcoin is likely to take on the storage role, and BCH the everyday transactional role. And I see Lightning Network as the bridge between the consumer, who isn't so paranoid about 'trustless' transactions to begin with, and the movement of bitcoin. VISA does not move that much money in a given moment, in reality. It RECORDS that much movement. Settlement is daily, weekly, sometimes even monthly. Lightning can, and will, settle more transactions, faster, than visa. That it is not AS trustless as bitcoin is NOT a major issue. What IS a major issue is that it will make it possible for Joe Public to stop off at Starbucks and buy an overpriced cup of coffee with his Lightning wallet FASTER than he could do it with his Visa card. The consumer public is all about convenience.
This will lead to wider adoption without a great deal of hype, and this will be a continual upward pressure on Bitcoin while simultaneously taking some of the pressure OFF of the blockchain. Plus, it should work with other coins
My short term prediction is that BTC will continue to bounce back and forth in slightly narrowing swings with the upper bound at about 12.5K and the lower at 10K for a few weeks, with the swings getting narrower for a while, and then it will break upwards. I'm guessing right around the end of February that the floor will raise significantly, while the upper bound remains similar. I base this on Tax Returns. The American market, particularly, finds itself flush with temporary and illusory cash right around then.
My longer term prediction is looser in terms of time, because of several factors. One, we do not know what China is going to do regarding Cryptos. We can infer from the backlash that South Korea is going to tread carefully to avoid civil unrest. I think that crisis has passed. Japan, having adopted it as a legal instrument of trade, will put some upward pressure on it.
The two wildcards from where I sit are BCH, which has already addressed the scaling issue, and Lightning. If Lightning gets a good public debut by the end of March, I would bet those who bought at the ATH and held will be laughing a lot, and those buying and hodling now will be hysterical. The day that bitcoin, even via a sidechain, achieves 40K transactions a minute, is the death knell for traditional fiat. Nations at that time will have NO CHOICE but to acknowledge Bitcoin, and probably approve it as legal tender.
Given its global scale, and the fact that there will never be more than 21 million bitcoins mined, it HAS to rise in value. The moment it goes mainstream is the end of it being inflationary. The World's Population stands at 7.5 billion and rising. Medical technology at it's extreme edges is ready to extend our lives. Do the math. Bitcoin at 20K was a bubble, but only because it was premature. This isn't tulips, and it's not .coms. (though that one turned out to also be more a matter of being premature than being wrong). It's something new. A means of owning wealth that does NOT CARE from whence you came. Anyone can get it, and it will grow in value so long as its utility exists. Nuclear war could render it valueless, maybe, but not much else at this point.
Buy and HODL while you still can get a good chunk!
My advice is worth at least what you paid for it. First, yes, Bitcoin will again see 20K. I'd say relatively soon.
I've watched, sometimes participated, in this magnificent experiment almost from the beginning. The blockchain technology is changing the way money works, whether the old school likes it or not. Unlike paper money, this is revolutionary, rather than merely inflationary. It takes money back to the gold standard without gold. Gold used to be the braking factor on what politicians and other scamming bastards could pull off. Now, it's looking like it will be Bitcoin and a few of its successors.
As for the recent correction, if you've been involved as long as I have, you've seen this (literally) a hundred times. Exuberance, followed by a runup that's crazy, making a few people rich and a lot of people cry because they are too damn stupid to pay attention.
Bitcoin is new.
Yes, NEW. It's not quite ten years old. What we, in the generations now living, call 'old' money, is not particularly old. Fiat currencies have been around for a while, in various forms, but they are basically a 20th century phenomenon. There are examples that go back further, of course, but the general acceptance of unbacked paper dates to the middle of the 20th century.
Further, Fiat currency has an unparalleled record. Not ONCE has it failed to fail, and yes I am including the "almighty dollar" in that. The year before Bitcoin, it experienced BY THEIR ADMISSION an 85 percent inflation. Yeah, they called it an increase in the money supply, quantative easing, and all sorts of other bullshit, but inflation is simple. You add to the money supply.
Bitcoin is currently inflationary as well, but since it's modeled on gold mining, it's ultimately deflationary. Contrary to Keynes' very eloquent bullshit, a coin that constantly INCREASES in value vs goods is NOT a crisis nor a cause for concern. It promotes stability, thrift, and savings. Bitcoin ain't there yet, but it can be.
Certain developments that are clearly in the pipe militate towards a wild ride, followed by a degree of stability. One is the lightning network. When Bitcoin can be used for fractional payments at or above the speed of VISA, 'traditional' fiat is doomed. Because by its very nature, no government can control or manipulate the SUPPLY of Bitcoin, they must either accept it or go to war against it. It seems that most governments are being cautious (in itself somewhat miraculous) and looking at ways to incorporate it into the 'traditional' structure without too much disruption. That is a reasonable, but again doomed, approach.
Because this is disruptive. There is NO way to hide the movement of BTC. There is no way to manipulate its supply without destroying everything that makes it valuable, and given the huge network, probably no physical way of doing it anyway.
The rise in fees and congestion of the blockchain are serious issues, for different reasons. The rise in fees is a GOOD thing. Right in the beginning, in Satoshi's white paper, it was the DESIGN of bitcoin that it would continue to be mined long after the block reward was gone or minimal BECAUSE of transaction fees. Now, he didn't forsee (at least that we know) that it would become as centralized as it has. But it still holds. Gold is expensive, and transporting and guarding it is too. This makes Bitcoin a premier method of exchange!
But the network congestion, coming on top of the high fees, militates the other way. There are a number of proposed solutions, some better than others, but this is not as big a thing as it seems, right here, right now. Why? Because Bitcoin is moving more towards the role of a store of value and a coin for large transactions. This is good. However, this does present the myriad choices of alts. This too has been the same throughout history. One Ring To Rule Them All rolls off the tongue nicely, and has no utility.
In my opinion, as things stand, Bitcoin is likely to take on the storage role, and BCH the everyday transactional role. And I see Lightning Network as the bridge between the consumer, who isn't so paranoid about 'trustless' transactions to begin with, and the movement of bitcoin. VISA does not move that much money in a given moment, in reality. It RECORDS that much movement. Settlement is daily, weekly, sometimes even monthly. Lightning can, and will, settle more transactions, faster, than visa. That it is not AS trustless as bitcoin is NOT a major issue. What IS a major issue is that it will make it possible for Joe Public to stop off at Starbucks and buy an overpriced cup of coffee with his Lightning wallet FASTER than he could do it with his Visa card. The consumer public is all about convenience.
This will lead to wider adoption without a great deal of hype, and this will be a continual upward pressure on Bitcoin while simultaneously taking some of the pressure OFF of the blockchain. Plus, it should work with other coins
My short term prediction is that BTC will continue to bounce back and forth in slightly narrowing swings with the upper bound at about 12.5K and the lower at 10K for a few weeks, with the swings getting narrower for a while, and then it will break upwards. I'm guessing right around the end of February that the floor will raise significantly, while the upper bound remains similar. I base this on Tax Returns. The American market, particularly, finds itself flush with temporary and illusory cash right around then.
My longer term prediction is looser in terms of time, because of several factors. One, we do not know what China is going to do regarding Cryptos. We can infer from the backlash that South Korea is going to tread carefully to avoid civil unrest. I think that crisis has passed. Japan, having adopted it as a legal instrument of trade, will put some upward pressure on it.
The two wildcards from where I sit are BCH, which has already addressed the scaling issue, and Lightning. If Lightning gets a good public debut by the end of March, I would bet those who bought at the ATH and held will be laughing a lot, and those buying and hodling now will be hysterical. The day that bitcoin, even via a sidechain, achieves 40K transactions a minute, is the death knell for traditional fiat. Nations at that time will have NO CHOICE but to acknowledge Bitcoin, and probably approve it as legal tender.
Given its global scale, and the fact that there will never be more than 21 million bitcoins mined, it HAS to rise in value. The moment it goes mainstream is the end of it being inflationary. The World's Population stands at 7.5 billion and rising. Medical technology at it's extreme edges is ready to extend our lives. Do the math. Bitcoin at 20K was a bubble, but only because it was premature. This isn't tulips, and it's not .coms. (though that one turned out to also be more a matter of being premature than being wrong). It's something new. A means of owning wealth that does NOT CARE from whence you came. Anyone can get it, and it will grow in value so long as its utility exists. Nuclear war could render it valueless, maybe, but not much else at this point.
Buy and HODL while you still can get a good chunk!
(I'm all-in in Bitcoin for the record) I don't want to be a pessimist but I'm kinda going in to that direction.
We all know crypto bled quite bad the past week. Because of bunch of government issues, futures contacts, unconfirmed transactions and what not... We all also know that Bitcoin is neither the fastest nor the safest crpto currency out. The 3rd generation coins are way more in demand and people are in talks of the 4th generation. I'm wondering if BTC will ever see the light of day.
Tether deposited another 400 million USD to BTC, and it's said this is the reason BTC had an upward movement. However, my perspective is a bit blurred and I can't help myself but get more pessimistic about it.
When Bitcoin was around 18k, the only thing that was talked was whether it was the biggest bubble in history or not and (if it is) when it's going to burst. Now that it went up to 20k and went back down to 9k, it looks more of a bubble than not.
I'd like to hear what forum people say.
We all know crypto bled quite bad the past week. Because of bunch of government issues, futures contacts, unconfirmed transactions and what not... We all also know that Bitcoin is neither the fastest nor the safest crpto currency out. The 3rd generation coins are way more in demand and people are in talks of the 4th generation. I'm wondering if BTC will ever see the light of day.
Tether deposited another 400 million USD to BTC, and it's said this is the reason BTC had an upward movement. However, my perspective is a bit blurred and I can't help myself but get more pessimistic about it.
When Bitcoin was around 18k, the only thing that was talked was whether it was the biggest bubble in history or not and (if it is) when it's going to burst. Now that it went up to 20k and went back down to 9k, it looks more of a bubble than not.
I'd like to hear what forum people say.
yes of course bitcoin will return to the price of more than $ 20k this year seems bitcoin price is expected to exceed the price of $ 50k so this is the right time to buy as much bitcoin as possible, take advantage of the price of bitcoin Still cheap, do not be afraid bitcoin is a digital currency and the future will be full of all digital technology so it will definitely trigger a bitcoin price increase.
Wait so who cares about all that crap. So tether is investing in bitcoin with people's money? Lol that's priceless. What a sketchy crypto or company or whatever the hell they're supposed to be. Oh and 400MM in volume wouldn't really do all that much but whatever. They are free to believe whatever they want.
Of course. There is a must unless something big is happening. This is only a matter of time.
For 20K, it is only a very small amount when compare to the future price. That's what I am believing.
For 20K, it is only a very small amount when compare to the future price. That's what I am believing.
Big dump and bigger pump is how Bitcoin works. 20k$ gonna be real again in next month i guess.
For bitcoin $20000 mark is not a big task since it met that mark already. Every currency related things will always have a up and down trend but for Bitcoin every one is talking something negative because it is new concept of digital currency. I hope $20000 mark can be crossed in another 6 months maximum and Bitcoin is expected to reach $40000 this year end, this has predicted by experts in cryptocurrency.
Every market like stocks commodities Interest rates etc see corrections upto 75 % which doesn't mean that they will not go back up higher and history proves otherwise. These corrections in fact are healthy. There can be many many factors behind these moves. Bitcoin being the first crypto with early mover advantage and with improvements like Lightning Network in the works, Bitcoin will keep growing and will see new highs in the near future.
Corrections is very normal and its good to see that bitcoin corrects because its an indication that this market is really serious to reach the top. Bitcoin will hit that price again and make a new all time high we just need to relax and focus on accumulating more holdings.
(I'm all-in in Bitcoin for the record) I don't want to be a pessimist but I'm kinda going in to that direction.
Then, if you are a pesimist one, then why are you holding all your money on Bitcoin? it is like being a wealthy man, you have millions of dollars, and you putting everything on the same commoditie, currency, investment, and so on.. Do not do that, if you do not trust in bitcoin after all, just diversify your entire investment between a few more altcoins.
The 2000$ mark has become a permanent level in bitcoin trading history chart. The possibility of reaching that level again is very high. I am anticipating that it will even pass that 20k dollar mark by the end of first quarter of 2018
It seems people have received their crystal balls from Amazon faster than me 
John McAfee said 1 000 000$ by 2020! You're such lowballers boys!
haha, just kidding, no offense
Who knows though? I do think that there is more to come. People freak out like it was the end everytime there is a correction - everytime.
In a volatile market like that it happens often at best. Retracement was to be expected (easier said after the fact though I know).
In any way, who thought such unsupported growth could last 'forever'?
Hang on...the road is bumpy but we'll get there!
Sit thight and try to enjoy the ride.
Good 'luck'
John McAfee said 1 000 000$ by 2020! You're such lowballers boys!
haha, just kidding, no offense
Who knows though? I do think that there is more to come. People freak out like it was the end everytime there is a correction - everytime.
In a volatile market like that it happens often at best. Retracement was to be expected (easier said after the fact though I know).
In any way, who thought such unsupported growth could last 'forever'?
Hang on...the road is bumpy but we'll get there!
Sit thight and try to enjoy the ride.
Good 'luck'
Yeah, why not. Bitcoin will rise again, I would like to see that 20k USD number again. All we need to do now is just invest in and price will grow up easily.
A lot of peoples are afraid to lose their money in investment, but you need to take a risk to get something in return.
A lot of peoples are afraid to lose their money in investment, but you need to take a risk to get something in return.
Now bitcoin will take lomg time to reach 20K line because other competitors' altcoins are now getting grow and more popular for example - Ethereum, Bitcoin cash and neo etc etc. Price of anything increase when demand and supply rules works in well manner.
It will reach $20000 in next six months and then $30000 by the ned of the year. Thus by investing your money now, you can triple it an year.
Wakka Wakka lol
I just need it to go back over 13 so i can convert
This year we will definitely see the price of bitcoin exceeding 20,000 dollars. However, this will not be a very fast process. Bitcoin is heavily influenced by various bad news factors, negative decisions of governments and controlling bodies. In addition, in order to rise well in price, bitcoin urgently needs to solve his internal problems and shortcomings associated with his transactions. This will take some time.
Bitcoin, of course, sharply rising to $ 20,000 last month, has clearly manifested itself as a financial bubble. That is, he showed the risk of his investment from this point of view. However, it has great potential in this respect and, perhaps, can inflate its price to hundreds of thousands of dollars without any problems. Nobody knows the ultimate capabilities of the crypto currency.
Bitcoin, of course, sharply rising to $ 20,000 last month, has clearly manifested itself as a financial bubble. That is, he showed the risk of his investment from this point of view. However, it has great potential in this respect and, perhaps, can inflate its price to hundreds of thousands of dollars without any problems. Nobody knows the ultimate capabilities of the crypto currency.
(I'm all-in in Bitcoin for the record) I don't want to be a pessimist but I'm kinda going in to that direction.
We all know crypto bled quite bad the past week. Because of bunch of government issues, futures contacts, unconfirmed transactions and what not... We all also know that Bitcoin is neither the fastest nor the safest crpto currency out. The 3rd generation coins are way more in demand and people are in talks of the 4th generation. I'm wondering if BTC will ever see the light of day.
Well, Bitcoin is still more valuable than the 3rd or 4th generations of the coins, even though its speed isn't fast and the fees are huge but still its used in higher volumes due to its huge community. According to me, its still in the light of day, and it might take the others some good time to reach its level of value and community.We all know crypto bled quite bad the past week. Because of bunch of government issues, futures contacts, unconfirmed transactions and what not... We all also know that Bitcoin is neither the fastest nor the safest crpto currency out. The 3rd generation coins are way more in demand and people are in talks of the 4th generation. I'm wondering if BTC will ever see the light of day.
Tether deposited another 400 million USD to BTC, and it's said this is the reason BTC had an upward movement. However, my perspective is a bit blurred and I can't help myself but get more pessimistic about it.
I haven't heard about that 400 million USD news, but I am still confident that Bitcoin will have its upward movement again, and that moment will not be limited to the Tether only. Be optimistic about the Bitcoin, and I am very sure that it wont disappoint you.When Bitcoin was around 18k, the only thing that was talked was whether it was the biggest bubble in history or not and (if it is) when it's going to burst. Now that it went up to 20k and went back down to 9k, it looks more of a bubble than not.
If its a bubble then keep in mind that it wont burst any soon. I know that some people might get discouraged because of its down movements, the way they got discouraged when China started banning it, but if you really look at the matter, you will be amazed that how good is the current time to invest in it. The Bitcoin bubble is way far from its completion, $20k is just the beginning, you might see more such levels in future.
It will reach $20000 in next six months and then $30000 by the ned of the year. Thus by investing your money now, you can triple it an year.
I think bitcoin although the price up and down we never see 20k again as of now because some countries imposed a banned and not legalize that would affect some of the investors but I feel before the end of this year btc will rise up the price more than 20k.
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