Bitcoin Forum

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

Those people doesn't hold bitcoin or sold it earlier and can no longer purchase bitcoin at a very low rate. That's why instead of pushing the people that remains holding it, they want to mock and tell their negative views to discourage.

There are those buyers that are even waiting to the lower prices that you've given. Bitcoin is a speculative market so it's given that it will drive the next bull run. But for 2020, $40,000 is still high IMO.

It also seems to me that now someone is manipulating the price, such a change is not typical for bitcoin.

Which data?

Sub $6K is way more likely than $40K in May 2020 :D You're too optimist. Even in the previous halving, the peak/new high wasn't made until a year or two after the halving happen. I'm not sure if BTC is going to make a new high after this halving though now that there are more money is already in crypto.

So, you agree that currently Bitcoin has no real use (in wide area) and what causes the price movement is mostly just speculation?

Some people are always gives negative feelings for bitcoins holds and new comers to crypto, because utilizing current situation of crypto market and it will regularly happens in crypto market so do not painc and sell your bitcoins they are utilizing our weaknesses.

My thoughts about bitcoin price prediction as $40k surely it will be happen in coming years once bull market is active.

For now I look at Bitcoin more like at an store-of-value than a currency so most its value is derived from that, not because it has been adopted and the demand for making transactions is huge. IMHO we will convery to the mainstream currency phase once the market matures therefore it needs to reach a higher value because the supply is so small.

No offence at OP but currently speculation alone can't push bitcoin to such crazy prices again. We need more people using bitcoins to increase the demand of it so as to bring the prices up. Another thing that can also help increase the price of bitcoin is the halving of bitcoin block reward come May 2020. These are some of the factors that i think can bring real value to bitcoin in the nearest future.

$7k is quite a value. One will definitely want its price to depreciate as low as possible to buy at discounts. This proves itself that BTC is valuable base on intrinsic just like how the real currency works in the economy where we also speculate. I wouldn't say its just a store of value after all it solves centralization that scares people that central authorities can freeze their wealth.

Speculation is part of the market. Some persons ochestrate FUD in the market in other to buy low while others create false positive news and will end up causing a bullish sentiment, they sell off and wait to buy the dip again. This will not continue forever, much bigger money is coming to the market.

I somewhat agree with this. For me, Bitcoin is now also mainly the store of value. I hold some BTC and expect it to grow in price or at least not to fall. However, I take some of it and sell for fiat when I need money for food or something like that. That is, I would love to be able to use Bitcoin as money as well, I believe in it as in money. Unfortunately, I am not really able to do that, so I end up using fiat instead.
As for the op, unfortunately, it seems true that the main thing that drives the prices is speculation. It's not those who are holding it long-term or those using it as money that determines the price; it's traders seeking for a fast profit.

So long as bitcoin is a free market not governed by strict trading laws and whatnot, you will constantly see volatility and other characteristics only unique to bitcoin as opposed to other trading markets. People will constantly try to take advantage of this for a nice profit margin and opportunities to make tons of money in just a short span of time. It will only go up from here as time goes by, that's for sure.

Personally, I believe that bitcoin will go up, however, with the value you have given above, I disagree. The present value is assessed as the true value of Bitcoin. The bubble has burst, and there will be no other. Therefore, the value of Bitcoin will grow steadily. Take a look at the price of gold, it is stable. Next year, I think it will return to 12k dollars or more, but 40k dollars is impossible.

Nothing is changing and no one is manipulating the market yet, it's just your overthinking mind that's telling that the market is being manipulated. But as you can see the price is just moving in its normal movement. I still don't think speculation will have a big effect on the market to make a change, traders and whales are the only people I know that could make a change in the market.

As usual stuff. You cant expect that BTC would really have those perma bulls yet there would always be those person who do sees bitcoin on negative either a true sentiment or just
have an intentional fud for their own benefit to re-enter on the market on cheaper price.

We cant deny that this market can really be driven with news and sentiments easily but we've been doing this for 10 years and bitcoins price does signify that it do
really have that potential to withstand those problems and keeps going on.

I think i prefer the former than the latter,  the market has witness enough down trend especially the alts that it is only required to see some good uptrend movement,  i hope the speculations will play a major role to drive the btc price to a greater height, everyone is just waiting to see what will happen next, i hope it will be positive than negative.

You got it so right. There is no such data that shows Bitcoin statistics at darkweb. If darkweb data can be captured and analyzed it cant be darkweb anymore. Speculations are integral part of bitcoin market. 50K price hike was lastly heard in dec 2017 and now once again we are listening such things for next year. Just a FUD.
I do agree that the way bitcoin price is going down there is possibility that it may go beyond 6k.

Bitcoin is a completely new technology and a completely new experience. Let's wait and see where it would lead us. At least for the sake of being a pioneer, Bitcoin may survive for a long time. For the prediction of just 2020, I'm bullish. The halving would make bitcoin generation rarer.

We cannot be overly optimistic and we cannot make comparisons with the past. the current price is dropping every day, the current price can't keep above $10,000 and see that there is currently Bakkt that many people (including me) believed would make the price much higher than $9000 . But the reality is that the price is not getting above $10,000.


this is something very difficult to happen, especially in the very advanced adoption stage that bitcoin currently has

I think bitcoin will not go down its price in the market I think it is still profitable whatever happened in this topic, also I think speculation in bitcoin doesn't affect the market price of bitcoin but the supply and demand of the market, also there is a lot of speculation in the market about bitcoin and i think whatever happened in the market I think investors will always invest in bitcoin as always.

Bakkt were meant to stabilize the price of BTC which they are dealing fiat instead of real BTC. We can't expect the traders there to lift the price up when all that there is in bakkt are shorting for fiat. They were trying to subdue the market but when bullrun comes, probbaly after May 2020 they are going to lose money there because the real market of BTC are the exchanges where traders can actually send out the BTC going to the external wallets to our desktop wallets.

It is easy to do because of small volume on bitcoin exchanges. When you're able to influence the market and start a panic or a rally by only throwing less than 1% of the supply to an order it's turning into speculator's dream.
This is also a good thing because there will always be greedy people willing to play the pump and dump game like in gambling there are always those willing to risk it even when the odds are against them.

We will see another BTC pump for sure!

The only speculation that is happening here, is your reasons for the use case for Bitcoin. There is a lot of speculation that Bitcoin is used on Dark

markets and that it is the primary use case, but if you actually go to Tor and browse around on these markets, you quickly realize that most of the

Dark market deals are done with Dash or Monero.  ;)   When you fire up your Firefox or Chrome and you browse around on the normal Internet

(ClearNet) you will notice that most online merchants accept Bitcoin as a legal payment option.  ;)

You have to take note that massive buying can't be done by overnight even BTC is widely used or let's say heavily demanded.


Quick profit?


Speculation alone is not enough or should I say can't be the sole reason why BTC should reach $20,000, $40,000, $60,000. Also not a reason for BTC to go sub $6,000. There are already lots of positive predictions and speculations with a good analysis crashed along the way. Meaning, there are lots of factors to consider for this big pump or dump to happen.

Remember the last ATH? People are too optimistic back then that there is no chance we can see BTC again at sub $10,000 and the uptrend will just continue. That was big positive speculation that the majority takes, to the point that some sold their assets just to be involved in crypto. And what happens next?

Bitcoin will surely establish again it's another ATH. But for when, no one knows.

Sure it will. Speculation is the fuel for Bitcoin. Of course Bitcoin has other qualities that can start a rally but sooner or later it comes down to speculation.

Like some rallies start with seller exhaustion, some with news of adoption, some with a whale buying a lot but they all end with speculators overbuying and hurting themselves so you can be sure that speculation will make BTC pump again.

As Op has mentioned in the quote this is truly speculative that drives the market forward as well as backwards. As it is a speculative asset doesn't mean there is no demand. The increasing demand along with the speculation out of positive and negative news around makes the market get to be driven forward or down. In this prevailing market movements there is confirmed growth to take place than decline.

what more can i say? adoption is growing so it means that there is actually demand for crypto or bitcoin in particular. merchants are accepting the fact that there is volatility risk involved, yet, they are now bolder in accepting crypto as payment method.
increasing number of entities accepting crypto, means they somehow believe in crypto or blockchain tech. because without any faith, i dont think they will join this revolution

The non-crypto users are now starting to adopt cryptocurrencies and it means that the crypto community is continuing to grow. The demand is increasing due to the awareness of the people. There are now also merchants that are now want to accept bitcoin. As the mass adoption is occuring, the bitcoin are continuing to gain power and many more governments are want to legalize it.

Well i don't agree with the 40k, you are trying to do "twice" the latest peak, but it doesn't work like that. The natural price increase would be always lower as time passes. Something like 30k is tops. The entire history of bitcoin price clearly shows this logarithmic curve, which happens to match the price of things like precious metals.

Right now its 7k ish so something under 14k would be more natural think 12k or 10k.

As more time pass, less fluctuation in price will occur. Any deviation will eventually correct itself.

Because that 20k was way over its natural price, it corrected over the following year, so assuming that again as base doesn't make sense.

Of course, it all falls in the realm of speculation, but zoom out that graph and see for yourself. Now compare historic prices of other things, see where else this logarithmic curve appears. Yes, it starts with great rises and it slows down overtime. Think of this, Bitcoin going from 1 to 10, is the same as today going from 7k to 70k, which is clearly not happening at least not in a similar time period. What took days yesterday, may take months today and years tomorrow. That is how that logarithmic curve works.

You mean, less buyers or less investors. Those who do not want to take the risk and not aware about btc's use were the one's who missed the opportunity.


Investors or traders want the dip, it is the opportunity to buy more btc at a lower price. Everyone make sentiments but at the end we only want profits. As you have said, halving event of btc will soon to happen and we can not do anything but to hold and wait for the major pump.

And a very exciting, pulsating roller-coaster it is. Bitcoin is known to be a very volatile asset and this is where many traders can be making good money if they are playing their cards well but can also be a big risk when calculations are not made correct. There will always be speculations on Bitcoin all because we know so well its history and how it can be moving so fast or go down so quickly. In a way, we are all speculators with Bitcoin as nobody will be buying an asset convinced that it is going to be nothing but a thrash.

I don't think so, even I don't believe this way, day by day Bitcoin is becoming a complex platform for us because of its trend, we had a lot of expectation to this year that Bitcoin price would go up but we have seen the opposite situation, This time is so early to predict about the 40k, It's huge, following my recent time experience, I don't think Bitcoin price will go above 15k within a year because of not getting treated properly, not only that but also the trading platform is not running well because of losing value of every cryptocurrency at a time, whatever the situation, it should get fixed.

thats wrong mate because we have reached $14,000 this year so for me that is more valuable than what we had the whole 2018
but yeah 40k$ is too much to look at when the truth is market is going in different way,i think instead of expecting high is we buy more and more bitcoin so investors will be lured when they see that market is growing righ?t

it's all just a prediction. in terms of use, bitcoin is still useful in sending funds, extensive transactions. it's just that, a lot of effort to weaken Bitcoin. so a lot of bad news about bitcoin. but believe me, bitcoin is always the best in crypto. prices will be high.

Since Bitcoin is considered a speculative market, I can say that yes speculation can drive Bitcoin but either to an uptrend or a downtrend since we don't know what can happen to the market.

You are only saying that Bitcoin can exceed 40k on May 2020 because of the halving that will happen on that month. If you will see the past movements of Bitcoin after halving, it rose up after halving but it took a long time and the same can happen again. I believe that Bitcoin will rise up in the future but it will take time to do it.

Bullish too in here. As OP said might be high price can be reached because there are actually a lot of bitcoin uses  still happen. And for speculation, right or not nobody can really guess to where bitcoin price will go. For me, as long it really can be bull run, i think no matter time i hold for my bitcoin.

for long years we have been seeing those Fudders and Fraudster yet what they prove?nothing but failure.at some point they take effect but in the long run?still Bitcoin comes to High and valuable.
being best online payment material?there are lots of things can be expected maybe not this soon but in future as that is proven already for how many years now.this year alone we've got 14$k and what more in future again?

there is really a chance that bitcoin price will increase in May 2020 due to halving
there will be a price correction because the rewards will decrease in half the price will match the supply and demand.
this is not baseless speculation but a big fact about bitcoin.

but what you said hasn't happened yet and I think it's not a fact but it's just speculation. and we have to wait for this time to prove the speculation can only be said a fact. and to this day it is still said to be just research

I want to see bitcoin sub 6k so I can grab some then I want it to moonshot straight to 100k where I'll sell and it'll dump back to 10k(another 90% dump). Well we all speculate,  project and analyse but at the end of the day the market will do what it will. The halvening is already a major factor for speculation and I can confidently say that it will drive prices up quickly.

There are people who are not interested in buying, their problem is that they hate cryptocurrency and they hate that there are people who became millionaires by investing in Bitcoin, so they just want it to fall and vanish for good. Just like some of my friends that hates cryptocurrency for same reason, and that's part of the reason I chose to stop telling them about it.

They are pissed that I was able to achieve something from it and they think it's too late for them and they might invest and lose their money. So they are scared to invest and therefore they are calling Bitcoin and keep saying that one day it will crash for good and the world will forget about it lol. I will be happy if the price should go up again :D.

Everyone can speculate about btc to what prices it will headed. That halving I believe there is a tendency about bitcoin to increase in the market. Everything can happen in bitcoin but one thing I am positive about is it's value that may pump soon.

Speculations will go on as long as Bitcoin exists since the market is so volatile, a lot of people will make a bet and continuously predict the price of Bitcoin in the future but I agree with what OP said that speculations may somehow attract other people to invest in Bitcoin because of FOMO.

All the virtues that bitcoin has are thrown aside when one looks at how much price varies. Each year has been special to itself, and it's no wonder if that just happens, but maybe now it's being ordered to go $ 40k +
I sincerely hope that the bitcoin satan is still in the game, and that as many people use it, and I'm not worried about the future.

Therefore, demand and supply will always be there and we cannot conclude if there is no demand in the market, because as long as there is any market there at least crypto has become another preferred option for a certain majority, besides that there are still other factors that will keep prices going pushed upwards because with the big event that will happen later at least it becomes something that will be very possible for a large pump.

Recently, I have observed a positive trend regarding bitcoin.Many influential people at the seminars recommend that investors spend up to 20% of their assets to buy bitcoin.And many do follow these tips.So it is difficult for me to predict what the price will be in the future,but the fact that many people already see a potential benefit in bitcoin is already good.

Bitcoin is under constant pressure, speculation takes bearish and bullish extremes, for that reason the ups and downs occur, however in the long term, the upward trend is expected to continue, there are good expectations for the year 2020.

That expectation will not disappoint us next year, greater heights can be reach and the progress will continue. Speculation gives different perspective especially if its a FUD but if in the long run we will still go up because that is the goal for bitcoin. Halving will become the best reason for that, prepare now while you still can because the cheap price of bitcoin is on the market now.

yes, I agree with that we cannot rely on speculation to drive the price of bitcoin. in my opinion we have to use real bitcoin so that demand for bitcoin continues to increase and makes the price go up. bitcoin prices are greatly influenced by demand and supply. then these requests and offers are greatly influenced by news, FUD and FOMO. if we just hold and speculate then I think it will not have an impact on the price of bitcoin.

The only thing I can say about this coin halving is that it's so much overrated. Last time we have coin halving was in 2016 and nothing notable happens. Very recently Chinese presented statement on blockchain created a pump that vanished very quickly. If any hike in price happen due to coin halving it will be short-lived and will not last very long.

There will always be different speculations about the future price of Bitcoin. There are people who have quit and chose to leave there target goals unreached because they're doubting about the future of BTC. As for me, a good profit will still come to those who have the patience to wait until it reaches a good value in the future and I have no doubt of its capability.

As we all know the market price of bitcoin depends on the supply and demand , as of today the market price of bitcoin was low and I think the market price of bitcoin will recover in the coming months since there are so many many delays in the market price of bitcoin. A lot of speculations but surely bitcoin market price will recover the price go down quickly and surely a lot of investors could easily reinvest.

Bitcoin already had a value, It just need people to believe on this technology's capability. It did reached the $20,000 level, and that time Bitcoin began to have a lot of people/followers who invested with the hopes of "getting rich overnight", or we call them the weakhands.
Though, the market has been manipulated by big players, but retail investors role is somehow vital for the future of Bitcoin. 
Manipulation, speculations, and sentiments are the factors that drives the market value of Bitcoin.

We always hope for the best to come and I believe it will come. As to when, its still a question. That May 2020 speculation is somehow achievable. But of course we must not be expectant about it. Its better just to jold btc for now as soon as the best will come. Bitcoin will always go further as always.

It is true that speculation sometimes influences bitcoin price movements, although now I see that there are two parties who make speculations.
The first party really expects the price of bitcoin to fall below $ 7,000 and the second party expects bitcoin to be hold until 2020. Each party has
its own interests, the first party expects bitcoin to fall below $ 7,000 because it wants to buy bitcoin on cheap prices. While the second party
expects bitcoin to be hold because they have already bought bitcoin above the price of $ 7000, and are expecting bitcoin will bull run until halving
in 2020. In order to get a big profit.If it bitcoin bull run until halving the price of $ 40k is too optimistic to achieve, in my opinion a realistic price of
$ 20k. Let's just wait and see bitcoin will move which way.

This areas of 6k would have had some analysis because this is the first thread I see that feels such bear is considered by the time around the halving. Almost everybody is toping btc to bull by such time.

It all comes down to one's personal beliefs. However, I see current situation being manipulated by the whales through artificial sell orders. They are, too, anticipating for the next halving, pushing the price further down to buy at its lowest. Which might prove the point of speculation, but soon, when adoption becomes more widespread, Bitcoin could be used more and thus demand follows.

We can't stop people from being optimistic for the upcoming halving and pretty excited to see how it affects the trend. But couldn't think that whales are also anticipating such possible bullish and they try to take advantage of the current market price. I'd never think that we are fully manipulated by whales, we know what they are capable of besides, they do this before but the trend we have today is something different.

I'm very excited about the realization of all these predictions, speculators will never stop speculating and shills and FUDS will continue to play their games, it's given but in the end, the positive speculators will win the game and will push Bitcoin to another all-time high, everybody it seems are on high gear right now.

I do speculate the prices but didn't follow it somehow. It's like we need to weight whether we trust our instincts or skill too much or just simply playing safe. But as long as many believes and provide better services like in blockchain and crypto projects adoption can always happen, we just need to be more focus improving the products that may adopt by many.

Some people use BTC to make payments, some to receive, some use to invest, some use to make trading
BTC is not used for just one thing, every kind of use helps BTC

People making transactions help BTC to pay the fees for miners and to make a good volume
People holding BTC help BTC in a price support

And speculation helps BTC to achieve big prices, let's see what 2020 will bring to BTC, we are all expecting a good year

Bitcoin can be spent on many things. I don't care for speculation since I just support bitcoin and keep collecting it. I hope it just stays relatively stable for the time being so that gathers large amount of it is easier. It can go up in price alter after I have more coins.  :P


Some people use it for all those things. You should never still to just one thing.

Because what is happening now is not complete, this is only a small part of the bitcoin journey from time to time. Speculation always makes sudden surprises that make the price surge is quite terrible.
What happened in 2020 also no one knows, but must be careful with some speculators who lead negative opinions.

Surprise with bitcoin have lower price again, better for every one keep waiting and watching what happen with bitcoin for one week later, if keep stable on lower price become watcher is best option and realistic for not investing with bitcoin and altcoin, you can miss chance to get profit because bitcoin looking back with lower price again.

I think nowadays bitcoin is manipulated by whales again, as we're seeing a drop in price till 7k$ so probably they're the reason for this decrease of bitcoin's price by selling a huge amount of it and then they'll buy it back when the price is so low to make a huge profit. I think that bitcoin's price will increase a lot in the new year 2020 which allow us to get a huge profit for people who bought bitcoin now or before.

Are you sure bitcoin exceed above $40K? what your source brave to give opinion with bitcoin have higher price aove $40k, look on the market now how bitcoin and altcoin dump and have possibility for bitcoin have higher price or not, you can't give wrong prediction and have bigger speculation with bitcoin and altcoin have higher price later.

Not only in centralize exchanges there are bitcoin transactions but also out side it is through P2P.
For now all we can do is wait for next year what will happen to bitcoin price in bitcoin halving. And we need to be prepared because there is definitely a lot of FUD going on in 2020.

It seems like a week is too short to make a decision, if we look at the first and second halving, prices look up after a few months. So it is better to observe the movement of BTC a few months after this third halving. If you make a decision a week, it could be a surprise that is not even as expected, it's too fast, dude.

BTC price changes are indeed like a roller coaster, up and down, sometimes fast, and sometimes slow. It can always make a heartbeat for those involved in investment and trade in it. Although many of these rumors will die because no one uses it, the fact is that bitcoin has spread and is widely used, both secretly and publicly. Nobody really knows, in a dark world, it has been widely used for transactions, because it is difficult to trace so the perpetrators like to use BTC. With this, btc is still very much needed, if there are good rumours, surely it can make this rollers coaster rise sharply again, when? I don't know, predictions are just speculations, hopefully, next year's halving will make a significant change.

Ain't surprise to see people being positive about the possible outcomes of this upcoming halving as it has a great impact on the previous event.
Just like too many believers, I'm also thinking that we reach another ATH next year but I have to give some tips...never expect too much again. May our speculation is high just like we did to happen this year, but it is all out from the way we looked for. Will just be hoping that it has a big difference next year.

I also really want bitcoin to be able to raise prices at a higher price level, indeed everyone has their own speculations but who is really right to be able to know for sure no one will know that, so what I want is that bitcoin raises prices higher so that other altcoins can also rise far above prices at the time of the ICO, and I really hope that throughout 2020 the market will move again to raise the old and new altcoins to be able to appreciate again.

The opposite would be a good thing, because for the other people to also benefit from the market, it is better if the market price becomes lower and reach an all time low again, that would probably be the signal for small investors to accumulate huge amount of crypto and a signal as well that the bull will arrive and could reach the ATH again. With this, we can maximize our profits because for the market to continue raising way up high at this time, I might be too selfish but I think my hodlings is quite not enough for me to celebrate the future's bull with regards to the bitcoin halving event.

Your coment is strong about bitcoin speculation, coustomer demand is more acceptable to the author of currency system platforms, if investors are reliable with their smoth invesment it will touch the 40k traders in May of 2020.