Bitcoin Forum

Bitcoin scales another fresh peak, likely to hit $20,000-mark soon
https://economictimes.indiatimes.com/markets/stocks/news/bitcoin-hits-another-peak-likely-to-hit-20000-mark-soon/articleshow/62046522.cms

What do you think?

There is nothing new with this, i dont know why you are posting this like a "premium" notice because it is not , everybody who has a little experience and has been introduced in here really knows that bitcoin has that potential.

It will probably be touching those rates before christmas, or even before.

Just remember that the price did a huge spike recently, but it dropped too, so it will probably be touching a new all time high sooner or later.

But tell me, arent you satisfied to see bitcoin over x15 since the beggining of this year? because i am.

Well, this is the speculation subforum, we can have fun speculating, that's what it's all about.

And when it comes to the $20k mark, im confident we will. Since we broke the double top, im not worried about the current dip, this is just another chance to accumulate before the next bull phase. When double tops get broken, the sentiment is bullish, and dips that after that are just whales liquidating shorts before the new all time high is hit. Give it a week or two.

In case you didn't notice, a big crash is already going on, and will likely not stop.
Other superior and green crypto are rapidly taking Bitcoin Cores place.
Bitcoin does not scale. There are hundreds of thousands of people waiting for their insanely expensive transactions to be confirmed.
Most of these people will realize Bitcoin Core project has failed.

Ok, Jim Cramer. We read you.

The "fresh peak" OP refers to is also known as the "wall of worry".
Now that a futures market is in play Bitcoin isn't going to sail through $20,000 without hesitation like it did at $10,000.

It is actually very possible and I will not be surprise at all if we do. I am still even very optimistic that the value will increase past that before the end of the year and at the same time I am still worried that the market can get shaken by the wall street guys and I hope all those investors getting in now do not get so scared to dump their position.

I think that at this point it is very possible after all bitcoin showed immense price movements in the past few months. If it will continue as is, the speculated price is reachable before this year ends. I will also not be surprised when bitcoin went from it's current price down to 6000$-8000$ price range because it is continuously rising in this past few days. For now the best move is to do what we think is best depending on what we want or what we need since price is too unpredictable ATM.

It is going sidelines. This always happens before a new bull run.

Bitcoin's price is currently moving around 16.9K -17.5K $ and it is changing everyday, every hour. Regarding to this speculation, we cannot confirm if it will "likely" to hit $20K mark, we need to see it first hitting and breaking the 18K $ mark but that would likely to happen very soon but again this is only speculation thread and i cannot provide anymore details supporting my speculation only the movement of the price.

right now people are still scared because of a hundred different things including the futures market and the huge and still increasing transaction fees.
also at the same time there is a lot of FUD being spread about bitcoin. and whales knowing this are dumping just as much to prevent the rise so that they can accumulate more. if you look at the charts a nice stable phase is shaping up, it sometimes goes a little while but stops right away.
with that said i don't think $20,000 is going to happen "soon".

There goes the number 1 hater of bitcoin and his FUD, its true that the fees per transaction is quite out of hand right now but it still doesnt signified that bitcoin core is a failed project, the people you say "most" are the ones who are spreading FUD.

hater? i wouldn't really call the duck a hater of bitcoin. he is actually quite the opposite. i believe he is one of the biggest traders of bitcoin but he is idiot enough to think him spreading FUD here is still effective for the times he wants to buy back after selling on top.

either than or he is simply getting paid to spread the FUD ;)

Personally, i believe that it is only a matter of time before bitcoin hits $20k. Buyers are quite optimistic about the future of bitcoin at the moment and we've been on a crazy ride for the past few weeks, obviously. I think with the current movement sideways there is still alot of room for growth and not a lot of room for dumps in the short term, at least.

The recovery from the crash to $13-14k was an indicator of how strong the rally is imo.

There is even a chance that $20k will be hit before the year end, even though it's not a big one.

Well, no one knows what exactly would happen.
Howver I agree there is enough caution in the market to actually push market to $20K (contrarian view).

I agree with the bolded part.
I was actually expecting the price to have a much harder time recovering. in fact you may even find it in my previous posts here where I said price may fall under $10,000 after this ridiculously big rally. but I am glad that I was wrong and $12xxx was the lowest that price could go after the panic selling started.
it also proves my theory that market is getting bigger and that means much harder drops (they are smaller now) compared to before when it was easy to go down a lot and fast.

I don't think so.  After all the excitement with the futures market and the whole 'Bitcoin is now mainstream' news going around, traders will likely start taking their profits soon, or go to where the money is...  Altcoins.

All right, another target mark before the year ends. It was fun speculating $10k mark during the last week of november. But what happened was a stunner, it went beyond the speculated price, everyone is panicking, others are predicting that there might be something bad is gonna happen for Bitcoin soon. I dont know why the price went so high, like no one predicted this to happen. $20k now is not a surprise if Bitcoin will hit it. Everything can happen even a crash. So, lets just enjoy the ride and be smart with every move you make.

I have no problem with other alts even those who copied the name of Bitcoin because we are in an open market and we should be welcoming any new player anytime. However, it is not good if we have to destroy one to build the other since they are actually co-existing peacefully. Only time can tell which of these many coins we have will eventually survive years from now. Will it still be Bitcoin or will it be Ethereum or will it be BitcoinCash? I don't want to give my prediction because I don't have the power to peep into the future.

The bitcoin price is currently consolidating between $16000 and $17000. It's a battle between noobs excitedly buying and old hands cashing out after holding for three or more years.

I don't think it will hit $20,000 this year.

Great thing is that we don't need to reach that level this year. It's only something that people having bought Bitcoin very recently aim for. From current levels it's 'just' a 20% increase, which isn't anything special in times where we gained like 1500% within a year. I am perfectly fine with the market being in consolidation phase, because this is actually what we need right now. It just isn't healthy if the market keeps going up without a proper correction, or a consolidation phase. I am quite sure that people who are deseperately waiting for their paycheck to post, are very happy with the market not moving up much further for now.

I guess we can hit it soon, if those enormous sell walls of 1200+ BTC @ 17250 were not in place.

Meh, we're sitting at $17900 and those sell walls has since been eaten up already. $20000 is achievable for this year unless some kind of orchestrated plans to bring down the price or another FUD comes along the way. A huge possibility of the price hitting 20 grand is there, but I'm okay with where it's sitting at right now. It's been at 17 grand for what, 4 days now? That's the longest it's stayed on a certain price point after the crazy price jumps.

it is possible to be more than 20k soon ^next 10 days^.

with this high market cup and many investors bitcoin will rising fast in 2018

kwukduck strikes back! why did I miss this? a fantastic return. Im sorry but bear markets don't work that way. If you call a bear market, you can't be having a $20,000 all time high days after your call. Therefore, another kwukduck bear prediction goes into the trash. It joins a never ending list of failed bull market calls. Realize that by the time you are right... it doesn't count! your ratio of bad calls to correct calls is now absolutely fucked. You would need a lot of correct predictions to have any relevance... not going to happen.

Well it already touched that price today, but it seems that it want to stay below those rates and it went down again.

It is still a huge difference with last week's price, but yes, we saw a decrease of more than $1400 today (it touched more than $20,300)


How high it will go? this peak seems that it will never stop anymore.

But this is not healthy, just like i said before, the price is going up so fast, and that is not reliable at all.

More than $10,000 in less than 17 days? It makes no sense.

Well, I think itvis really possible since the rate of increase is high. Also, its msrket value is continuously increasinga and if it will continue for let's say a month or more, achieving a price as that high is still possible. I am expecting that it will already be reached on early 2018 and will be more expensive at the end of 2018